USFR Weekly Recap - April 26-27, 2014

April 26, 2014 03:30 AM
 

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THIS WEEK ON U.S. FARM REPORT

EPISODE # 2124

APRIL 26-27, 2014   

 

TYNE’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M TYNE MORGAN. JOHN PHIPPS WILL JOIN US LATER FROM HIS FARM. BASED ON MY TWITTER FEED THE PAST COUPLE WEEKS, I THINK EVERYONE IN THE COUNTRY WAS BUSY PLANTING EXCEPT US HERE IN the FROZEN TUNDRA. THE FARMERS I FOLLOW ON TWITTER MAY NOT BE A TRUE REPRESENTATION, BUT I THINK IT WAS BETTER THAN USDA'S LATEST CROP PROGRESS NUMBERS.  I'LL SHARE THOSE FIGURES LATER IN HEADLINES, BUT CONSIDERING THE EASTER HOLIDAY, THERE'S BEEN A LOT OF DEBATE ON JUST HOW ACCURATE THE LATEST NUMBERS WERE. AND GOOD THING WE HAVE OUR ANALYSTS IN THIS WEEK. THEY'LL BE ABLE TO WEIGH IN LATER ON THE SHOW.  NOW, I'M NOT SAYING USDA IS WRONG. I'M SIMPLY SAYING SOCIAL MEDIA NEVER LIES.

HEADLINES:

PRESIDENT OBAMA VISITED JAPAN THIS WEEK IN HOPES OF SECURING A TRADE DEAL THAT COULD BENEFIT AGRICULTURE. MEANWHILE, BACK AT HOME, THERE'S BEEN A LOT OF TALK THIS WEEK ABOUT A RECENTLY PUBLISHED STUDY SUGGESTING USING CORN RESIDUE TO MAKE ETHANOL ISN'T VERY GREEN. THE E-P-A AND THE U.S. ARMY CORPS OF ENGINEERS POSTED THE PROPOSED DEFINITION FOR WATERS OF THE U.S. TO THE FEDERAL REGISTER THIS WEEK.  NOW UNDERWAY, THE PUBLIC COMMENT PERIOD LASTS 90 DAYS. THE GROUPS SAY THE RULE CLARIFIES THE CLEAN WATER ACT. MEANWHILE, THE AMERICAN FARM BUREAU FEDERATION TOLD ITS MEMBERS THIS WEEK TO DITCH THE RULE SAYING IT WOULD IMPOSE UNWORKABLE REGULATIONS ON NATION'S FARMS. SOYBEAN PRICE MOVES COULD SOON BE STEEPER AT THE CHICAGO MERCANTILE EXCHANGE.  THAT'S BECAUSE THE C-M-E GROUP ANNOUNCED THIS WEEK NEW DAILY PRICE LIMITS IN SOME OF ITS MAJOR COMMODITIES STARTING MAY FIRST. THE NEW SOYBEAN DAILY LIMIT WILL BE 1 DOLLAR. THAT'S 30 CENTS MORE THAN THE CURRENT AMOUNT. CORN WILL BE LOWERED A NICKLE TO 35 CENTS. CHICAGO WHEAT WILL ALSO BE LOWERED, NOW A 45 CENT MOVE LIMIT. THE CHANGES HAVE ALREADY BEEN APPROVED BY THE C-F-T-C.  THE C-M-E SAYS IT WILL START REEVALUATING PRICE LIMITS EVERY SIX MONTHS. CONSOLIDATION WITHIN THE ANIMAL AGRICULTURE INDUSTRY occurred THIS WEEK. ELI LILLY SAYS IT'S PURCHASING NOVARTIS ANIMAL HEALTH THE 5.4 BILLION DOLLAR DEAL CREATES THE WORLD'S SECOND-LARGEST ANIMAL HEALTH COMPANY. ELI LILLY SAYS THIS STRENGTHENS ITS ANIMAL HEALTH DIVISION OF ELANCO WHILE IMPROVING MANUFACTURING, RESEARCH AND DEVELOPMENT.  THE ACQUISITION ALSO PUTS ELI LILLY INTO UNCHARTED WATERS OF AQUACULTURE.  NOVARTIS CURRENTLY HAS MORE THAN 3,000 EMPLOYEES.

CROP PROGRESS:

USDA RELEASED IT'S LATEST CROP PROGRESS REPORT MONDAY AFTERNOON. IT SHOWS WINTER WHEAT IS NINE PERCENT HEADED. THAT'S ABOUT HALF OF THE FIVE YEAR AVERAGE, 34% OF THE CROP IS RATED GOOD TO EXCELLENT. ANOTHER THIRD POOR TO VERY POOR, STEAD WITH LAST WEEK.  MEANWHILE, USDA SHOWS AS OF MONDAY, CORN PLANTING ONLY SAW A THREE POINT BUMP FROM LAST WEEK. SIX PERCENT IS NOW IN THE GROUND. THAT'S ABOUT HALF OF THE FIVE YEAR AVERAGE. BREAKING IT DOWN BY STATE, USDA SAYS AS OF MONDAY, IOWA CORN WAS JUST TWO PERCENT PLANTED. THAT'S 9 POINTS BEHIND AVERAGE. ILLINOIS CAME IN AT FIVE PERCENT. THE 5 YEAR AVERAGE IS 22 PERCENT. MISSOURI LEADS THE CORNBELT WITH 26 PERCENT IN THE GROUND. THAT'S 3 POINTS BEHIND NORMAL.

CROP WATCH:

PLENTY TO SHOW THIS WEEK.

ROUNDTABLE:

TYNE IS JOINED BY DUSTIN JOHNSON AND TED SEIFRIED FOR THIS WEEK'S MARKET WRAP.

JOHN’S WORLD:

TIME NOW FOR JOHN'S WORLD. WE HEAD TO HIS ILLINOIS FARM WHERE JOHN HAS THOUGHTS ON A RECENT LAND BATTLE IN THE WEST.

2ND HALF

TYNE’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT. I'M TYNE MORGAN. IN CASE YOU HADN'T NOTICED, JOHN PHIPPS IS OUT THIS WEEK. HE CAUGHT THE NASTIEST BUG OF THEM ALL-- THE FLU. WHEN I SENT HIM A MESSAGE TO SEE HOW HE WAS FEELING, HIS RESPONSE WAS A SIMPLE LINK TO HIS BLOG. ONLY JOHN PHIPPS WOULD DOCUMENT SUCH A GRUESOME EVENT, WHILE SPRINKLING HUMOR IN. HE CLAIMS HE HASN'T BEEN THIS SICK IN THREE DECADES-- POOR JAN. AND I KNOW IT SHOULDN'T BE FUNNY, BUT YOU HAVE TO READ HIS POST. BEING 6 MONTHS PREGNANT, ALL I COULD DO WAS LAUGH INSTEAD OF BEING OVERLY SYMPATHETIC.  HE'LL JOIN US LATER FOR THE MAILBAG. BUT FIRST, THE HEADLINES.

HEADLINES:

NEW STUDY FROM USDA TAKES A LOOK AT GREEN HOUSE GAS EMISSIONS FROM THE AG SECTOR. IT SHOWS WHILE AGRICULTURE EMITS ROUGHLY 10 PERCENT OF ALL GREENHOUSE GASSES, THAT'S MUCH FRIENDLIER THAN GLOBAL NUMBERS. USDA SAYS IT WILL START REQUIRING PORK PRODUCERS TO REPORT PORCINE EPIDEMIC DIARRHEA VIRUS OUTBREAKS. THE AGENCY HOPES THE MANDATORY REPORTING WILL HELP WITH TRACEABILITY AND OTHER ISSUES. MEANWHILE, THE WORLD ANIMAL HEALTH ORGANIZATION HAS ISSUED AN 'ALERT' ON THE SWINE VIRUS. GLOBALLY, PEDV IS NOT NEW. IT'S BEEN AROUND SINCE THE 1970'S. BUT IT'S ONLY BEEN IN THE U-S SINCE LAST APRIL. THE ALERT INCLUDES PEDV AS WELL AS ITS COUNTERPART, PORCINE DELTA CORONA-VIRUS. BRAZIL IS INVESTIGATING A POSSIBLE CASE OF B-S-E, ACCORDING TOT EH BRAZIL AGRICULTURE MINISTRY. IT'S BEEN JUST A YEAR SINCE SEVERAL COUNTRIES BANNED BRAZILLIAN BEEF AFTER THE DISEASE WAS CONFIRMED IN THE COUNTRY.  THIS LATEST NEWS COMES JUST AS THE COMMENT PERIOD WITH USDA CLOSED OVER ALLOWING FRESH BEEF IMPORTS FROM 14 BRAZILLIAN STATES.  USDA RECEIVED MORE THAN 800 COMMENTS ON THE RULE FIRST PROPOSED IN DECEMBER 2013  IT WAS A YEAR AGO THAT A MASSIVE EXPLOSION AT THE WEST, TEXAS FERTILIZER PLANT CAUSED FATALITIES AND DESTROYED SEVERAL STRUCTURES WITHIN THE TOWN. THE CHEMICAL SAFETY BOARD HAS NOW RELEASED PRELIMINARY FINDINGS ON WHAT CAUSED THE BLAST. IT SHOWS THE EXPLOSION WAS PREVENTABLE AND OTHER FARM COMMUNITIES ARE ALSO AT RISK.

AMERICAN COUNTRYSIDE:

MANY OF OUR NATION'S PRESIDENTS HAD LINKS TO THE FARM. SOME EVEN CONTINUED FARMING DURING THEIR PRESIDENCY. THIS WEEK ANDREW MCCREA'S AMERICAN COUNTRYSIDE TAKES US ON A JOURNEY TO ONE OF THOSE FARMS WITH TIES TO THE WHITE HOUSE AND ONE OLD BARN THAT'S RICH IN HISTORY.

BAXTER BLACK:

BRANDING ANIMALS CAN BE QUITE THE EVENT. I REMEMBER HELPING OUT WHEN I WAS A CHILD ON MY GRANDADDY'S FARM. BUT, MY EXPERIENCES PALE IN COMPARISON TO ONE THAT BAXTER BACK RECENTLY HAD. I'LL LET HIM EXPLAIN.

TRACTOR TALES:

AL, WE HAVE SOME ENTERTAINING CHARACTERS ON TRACTOR TALES FROM TIME TO TIME. TODAY'S IS ONE OF MY FAVORITES.

CHURCH SALUTE:

TODAY'S COUNTRY CHURCH SALUTE GOES TO THE ST PETERS CATHOLIC CHURCH IN GENTILLY, MINNESOTA.  FIRST SETTLED BY FRENCH CANADIAN FAMILIES, THE BUILDING YOU SEE TODAY WAS BUILT IN 1914. IF THE STYLE LOOKS FAMILIAR, THAT'S BECAUSE IT WAS BUILT TO IMITATE GOTHIC STYLE. JUST LAST YEAR, THE CHURCH WAS RESTORED WITH MORTAR REPLACED IN EACH BRICK.  THE ENTIRE CONGREGATION IS EXCITED TO CELEBRATE ITS CENTENNIAL ANNIVERSARY THIS SUMMER.  CONGRATULATIONS AND THANKS TO GERALD LEBLANC FOR SHARING THEIR STORY.

MAILBAG:

TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG

 

 

 

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