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USFR Weekly Recap - August 2-3, 2014, 2014

August 2, 2014

 

TODAY ON USFR
AUGUST 2-3, 2014
 
OPEN HEADLINES:
U.S. FARM REPORT BROUGHT TO YOU BY THE ALL-NEW CHEVY SILVERADO. 2014 NORTH AMERICAN TRUCK OF THE YEAR... TODAY ON U-S FARM REPORT...LOW CATTLE NUMBERS AND HIGH BEEF PRICES STRESS THE RETAIL CHAIN FOR ENTIRE INDUSTRY ONE OF LAST YEAR'S TROUBLE SPOTS SHOWS MUCH BETTER CROPS THIS YEAR AND OUT MARKET WATCHERS CHECK FOR SIGNS OF A PULSE IN THE CORN MARKET.
FEEDER CATTLE:
 MEANWHILE, THERE'S JUST NO STOPPING FEEDER CATTLE FUTURES RIGHT NOW. THE COMMODITY HIT ITS LONGEST RALLY IN 37 YEARS ON WEDNESDAY. THE BUREAU OF LABOR SHOWS RETAIL GROUND BEEF AND BONELESS SIRLOIN STEAKS REACHED ALL-TIME HIGHS IN JUNE.
AERIAL TOUR:
 CROPS IN NORTHEAST IOWA LOOK MUCH BETTER THAN LAST YEAR. OUR FRIEND OVER AT PROFARMER, BRIAN GRETE, TOOK TO THE SKIES THIS WEEK TO SEE FOR HIMSELF.  THIS IS FAR NORTHEASTERN IOWA, WHICH WAS HEAVY PREVENT PLANT JUST A YEAR AGO.

GRETE SAYS THE CORN CROP IS DOING MUCH BETTER THAN SOYBEANS IN THE AREA, DUE TO THE COOL, WET CONDITIONS.

CROP CONDITIONS:
USDA DROPPED IT'S SOYBEAN CONDITION RATINGS TWO POINTS THIS WEEK.

NOW, THE AGENCY IS NOW CALLING 71 PERCENT OF THE SOYBEAN CROP GOOD TO EXCELLENT.WE CAUGHT UP WITH A FARMER FROM SOUTHEASTERN ARKANSAS THIS WEEK AT FARM JOURNAL SOYBEAN COLLEGE. HE TOLD US THIS YEAR'S SOYBEAN CROP LOOKS GREAT.

CHINA DROUGHT:

MEANWHILE, A CHINESE NEWS AGENCY IS REPORTING SEVERE DROUGHT AND HIGH HEAT ARE CRIPPLING OVER A MILLION HECTARES OF CROPS THERE THIS IS HAPPENING IN CHINA'S HENAN AND INNER MONGOLIA PROVINCES. HENAN IS IN ITS WORST DROUGHT IN 40 YEARS.

THAT AREA IS A BIG PRODUCER OF SOYBEANS, BARLEY AND RICE.

PITCH TO MIKE:
 THOSE ARE THE HEADLINES...METEOROLOGIST CINDI CLAWSON HAS ANOTHER LOOK AT CONDITIONS IN CROPWATCH. CINDI…
TEASE ONE:
THANKS, CINDI. WHEN WE COME BACK, SOYBEAN CROP RATINGS HAVE DROPPED. SO DOES THIS MEAN MORE LIFE IS IN STORE FOR THE SOYBEAN MARKET MOVING FORWARD? MATT BENNETT AND TED SEIFRIED (SIE-FRID) WEIGH IN RIGHT AFTER THE BREAK.
OPEN HEADLINES:
U.S. FARM REPORT - BROUGHT TO YOU BY THE ALL-NEW CHEVY SILVERADO... 2014 NORTH AMERICAN TRUCK OF THE YEAR...TODAY ON U-S FARM REPORT...COUNTRY OF ORIGIN LABELING GETS JUDICIAL SUPPORT SUGGESTING THAT CONTROVERSY WILL CONTINUE A LEADING AG ECONOMIST PUTS A NUMBER ON A FARMLAND VALUE DECLINE AND WE DIVE INTO THE SCIENCE OF SUDS.
COOL LABELING:
THANKS, JOHN. A COURT DECISION THIS WEEK PLAYS IN THE FAVOR OF MANDATORY COUNTRY OF ORIGIN LABELING IN THIS COUNTRY.
POULTRY INSPECTORS:
THE GOVERNMENT HAS DECIDED TO CUT THE NUMBER OF POULTRY INSPECTORS IN THE COUNTRY BY A FOURTH. THE FINAL RULING CAME OUT THURSDAY, BUT BACKS USDA'S ORIGINAL PROPOSAL FROM JANUARY 2012. THE ADMINISTRATION SAYS WHILE THERE ARE CUTS, THE REMAINING INSPECTORS WILL FOCUS MORE ON FOOD SAFETY QUALITY, HAVING TO PULL MORE BIRDS OFF PRODUCTION LINE FOR TESTING.THE CHANGES ARE VOLUNTARY, HOWEVER, MANY LARGE POULTRY COMPANIES HAVE ALREADY AGREED TO ABIDE BY THE NEW RULES.
MEXICO POTATOES:
SPUD GROWERS IN THE U-S TOOK ANOTHER HIT THIS WEEK. A DISTRICT COURT IN MEXICO ANNOUNCED IT'S DEFINITIVELY SUSPENDING POTATO IMPORTS FROM THE U-S. THE JUDGE RULED THE IMPORTS ARE AFFECTING MEXICAN CROPS AND LAND, INCLUDING THE THREAT OF INTRODUCING FOREIGN PESTS.
LAND VALUES:
COMMODITY PRICES HAVE FALLEN, BUT FARMLAND VALUES SEEM TO BE HOLDING PRETTY STEADY. BUT CAN IT LAST? RABOBANK JUST RELEASED ITS LAND VALUES SURVEY FOR THE YEAR.  IT SHOWS OVER THE PAST 12 YEARS, LAND VALUES HAVE IGNITED, WITH HIGHER COMMODITY PRICES BEING THE MAIN DRIVER. BUT NOW RABOBANK FORECASTS A 15 TO 20 PERCENT CONTRACTION TO TAKE PLACE.  RABOBANK'S SENIOR VICE PRESIDENT STERLING LIDDELL WAS IN THE STUDIO EARLIER THIS WEEK. HE SAYS THE ADJUSTMENT IS NEEDED THIS YEAR AND NEXT TO AVOID A LAND BUBBLE.
CLIMATE DATA:
THE FEDERAL GOVERNMENT IS ROLLING OUT ACCESS TO A NEW CLIMATE DATABASE IT HOPES COULD HELP FARMERS WEATHER FUTURE STORMS. TUESDAY THE PRESIDENT'S CLIMATE DATA INITIATIVE ANNOUNCED THE FIRST GROUPS TO GAIN ACCESS TO CLIMATE INFORMATION. THE HOPE IS THAT BUSINESSES, PRIVATE AND PUBLIC GROUPS WILL BE ABLE TO USE THE INFORMATION HELP MAKE THE U.S. FOOD SYSTEM MORE RESILIANT TO CLIMATE FLUCTUATIONS.ALL OF THAT DATA AND INFORMATION CAN BE FOUND AT CLIMATE DOT DATA DOT GOV.
EL NINO:
ALL OF THIS TALK ABOUT EL NINO MAY END UP BEING JUST THAT, AS IT APPEARS THE LIKELIHOOD OF AN EL NINO DEVELOPING THIS YEAR IS DIMINISHING.THE AUSTRALIAN BUREAU OF METEOROLOGY HAS SHIFTED THE STATUS OF EL NINO FROM "ALERT" TO "WATCH. THIS MEANS THE BUREAU SEES AROUND A 50-PERCENT CHANCE OF EL NINO ARRIVING THIS YEAR.THE AUSSIE WEATHER SERVICE SAYS THERE'S BEEN COOLING IN THE CENTRAL AND EASTERN AREAS OF THE PACIFIC. METEOROLOGISTS SAYS YOU CAN'T RULE EL NINO COMPLETE OUT. HOWEVER A STRONG EL NINO IS HIGHLY UNLIKELY.
JOHN TEASE:
THANKS, CINDI. WHEN WE COME BACK, THE ART TO DRINKING BEER… PLEASE, STAY WITH US.
POPE OF FOAM:
THERE'S A CRAFT TO MAKING THE PERFECT BEER. BUT THERE'S ALSO AN ART TO DRINKING IT. IN THIS PIECE PROVIDED BY THE UNIVERSITY OF CALIFORNIA-DAVIS, WE HEAR STRAIGHT FROM THE POPE OF FOAM WHO TELLS US WHY WHEN DRINKING A BEER, MOST OF US SIMPLY HAVE IT ALL WRONG.
BAXTER TEASE:
COMING UP NEXT, BAXTER IS COOKING UP AN INTERSTING CONCOCTION. DON'T GO ANYWHERE. HE JOINS US NEXT.

BAXTER BLACK:

SOME OF US CAN'T GIVE UP BEEF, NO MATTER THE PRICE. BUT IF YOU'RE TRYING TO KEEP YOUR FOOD BUDGET DOWN, BAXTER HAS A UNIQUE SOLUTION.
TRACTOR TALES:
JOHN…WHAT CLASSIC TRACTOR DO YOU HAVE FOR US TODAY AL? JOHN…JOHN, WE'VE GOT A FARMALL SUPER M THIS WEEK.
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE IMMACULATE CONCEPTION ST MARY CHURCH IN LUXEMBURG, WISCONSIN.  IN JUNE, THEY CELEBRATED 150 YEARS.

THE CHURCH HAS COME A LONG WAY. WHAT STARTED AS A LOG CABIN IS NOW A BEAUTIFUL STONE CHURCH ORIGINALLY BUILT IN 1883. WITH A GROWING CONGREGATION, THE CHURCH HAS MADE ADDITIONS TO THE BUILDING, BUT IT'S THE EYE CATCHING STEEPLE THAT REMAINS A TRADEMARK THERE. OUR THANKS TO ARLETTA BERTRAND FOR SHARING THEIR STORY…

MAILBAG:
TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG....THIS MAY BE ONE OF MY FAVORITE E-MAILS OF ALL TIME. "I AM STILL HAVING A HARD TIME GETTING UP TO SPEED BUT REALIZE IF I WANT TO CONTACT YOU I HAVE TO CHANGE MY WAYS." THAT'S FROM FRANK MCCANN AND IT'S THE FIRST E-MAIL HE HAS EVER SENT. WE ARE HONORED TO BE THE RECIPIENT, FRANK, AND APPRECIATE YOUR WATCHING. WHILE I'M GUESSING YOU ARE ENDURING SOME TEASING OR EVEN WORSE, EXCESSIVE ENCOURAGEMENT FROM YOUR FRIENDS AND FAMILY, YOUR DETERMINATION TO KEEP LEARNING NEW SKILLS IS NOT JUST COMMENDABLE, BUT AN EXAMPLE FOR TODAY IN AGRICULTURE.ON THE FARM WE INCREASINGLY LEARN A LIVING AS WELL AS EARN A LIVING. BETWEEN COMPETITIVE PRESSURES AND NEW EXTERNAL CHALLENGES, WE CANNOT AVOID ADDING NEW SKILLS AND KNOWLEDGE IN ORDER TO FULFILL OUR COMMITMENTS TO OUR CUSTOMERS, FAMILY AND PROFESSION. IT IS NOT EASY, AND RARELY FUN, BUT LIKE KEEPING FIT, HAS ITS OWN CONSIDERABLE PERSONAL REWARD.KEEPING UP WITH TECHNOLOGY AND OUR CULTURE CAN BE EXHAUSTING, IN FACT. THE OLDER I GET THE MORE FORMIDIBLE THE TASK APPEARS AND THE RUSTIER MY LEARNING SKILLS SEEM. I NOW PICK AND CHOOSE WHAT NEW ABILITIES OFFER THE BIGGEST RETURN FOR THE EFFORT REQUIRED. SO IT IS EVEN THOUGH I TYPE WITH TWO FINGERS - SOMETHING THAT MY YOUNGER COLLEAGUES HERE FIND AMUSING - BEING ABLE TO COMMUNICATE, INVESTIGATE, AND MANAGE INFORMATION ON THE INTERNET HAS PAID HUGE DIVIDENDS.I HOPE YOU FIND THE SAME THING, FRANK, AND WE LOOK FORWARD TO HEARING FROM YOU AGAIN.

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