USFR Weekly Recap - January 12-13, 2013

January 12, 2013 08:43 AM
 

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THIS WEEK ON U.S. FARM REPORT

EPISODE # 2057

JANUARY 12-13, 2013 

 

 

 

As always, we want to hear from you, send comments to mailbag@usfarmreport.com or leave us a voice mail at 800-792-4329.

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS WELL, ALL THE QUESTIONS ABOUT THE 2012 CROP HAVE BEEN SETTLED. WE HAVE A SPECIAL SECTION OF THE SHOW JUST BEFORE THE ROUNDTABLES TO UPDATE YOU ON THE FINAL NUMBERS FOR 2012 AND ESTIMATES FOR THE NEXT GROWING SEASON. SO NOW ALL WE HAVE TO WORRY ABOUT IS WEATHER, TRADE, FARM BILL, INPUT PRICES, ECONOMIC RECOVERY, GLOBAL TENSIONS, AND COMPETITION. IS IT ME, OR HAS THAT LIST GOTTEN A LOT LONGER IN THE LAST FEW YEARS. THIS IS ACTUALLY GOOD NEWS. MANY OF US CAN REMEMBER WHEN ENORMOUS SURPLUSES EFFECTIVELY CROWDED OUT EVERY OTHER MARKET INFLUENCE. THESE ARE THE GOOD TIMES WE WERE DREAMING OF. TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN.

HEADLINES:

THANK YOU JOHN. USDA RELEASED A HOST OF GRAIN REPORTS, INCLUDING THE CROP SUMMARY AND GRAIN STOCKS. UNDER THEIR NEW POLICY, THE AG DEPARTMENT RELEASED THE REPORTS AT NOON EASTERN TIME FRIDAY. THE LATER RELEASE REFLECTS THE 21-HOUR TRADING DAYS RECOGNIZED BY THE MAJOR EXCHANGES. WE'LL HAVE THE DATA JUST PRIOR TO OUR MARKET ROUNDTABLE. THE COTTON INDUSTRY GATHERED THIS WEEK FOR THE ANNUAL BELTWIDE COTTON CONFERENCES. MANY ATTENDEES WERE TALKING ABOUT THE EXPECTATION OF A SMALLER CROP THIS YEAR, POSSIBLY AS LOW AS TEN MILLION ACRES. IN TEXAS  - THE TOP COTTON PRODUCING STATE -  PLANTED ACRES WERE DOWN IN 2012. BUT YIELDS WERE DECENT. MEANWHILE U-S CROP INSURANCE INDEMNITIES FOR 2012 ARE CLOSE TO BUSTING THE RECORD AMOUNT PAID OUT FROM THE 2011 DROUGHT. THE AG DEPARTMENT FINALIZED ITS NEW DISEASE TRACEABILITY RULE. THE RULE WILL HELP TRACK DOWN THE SOURCE OF A SICKENED ANIMAL DURING AN OUTBREAK.

CROP WATCH:

CROP WATCH THIS WEEK BEGINS IN THE LONE STAR STATE...

ROUNDTABLE:

IT'S TIME TO TALK MARKETS WITH BILL BIEDERMANN AND MIKE NORTH.

JOHN’S WORD:

LAST WEEK I EXPLAINED WHY I WAS NOT COMPLETING MY CENSUS OF AGRICULTURE REPORT AND I HEARD FROM SOME OF YOU WHO AGREED FOR DIFFERENT REASONS. AGAIN, MY OBJECTIONS ARE NOT BASED SO MUCH ON PRIVACY AS INEFFICIENCY AND TIMELINESS. THERE IS ANOTHER ASPECT TO THE USDA DATA HANDLING PROBLEM. WHILE THE  AG DEPARTMENT SEEMS TO BE STUCK IN A RUT, PRIVATE DATA GATHERING AND ANALYSIS EFFORTS ARE NOT. CONSIDER THE BATTLE FOR THE CLOUD. WITHIN A FEW YEARS FARM MACHINERY WILL BE CONSTANTLY STREAMING DATA WIRELESSLY TO OFF-FARM SERVERS CALLED THE CLOUD FOR SAFE STORAGE AND REAL-TIME RESULTS. JUST LIKE GOOGLE EXTRACTS SURPRISING INFORMATION ABOUT ME EVERY TIME I CLICK, I THINK A FEW HUNDRED COMBINES STREAMING REAL-TIME RESULTS TO BE MASSAGED BY QUANTITATIVE ANALYSTS COULD MEAN NOTHING LESS THAN AN ACCURATE AS-IT-HAPPENS NATIONAL YIELD READOUT WITH CONSTANTLY IMPROVING ACCURACY. IN SHORT, I ANTICIPATE AN APP ON MY PHONE REPORTING THE CURRENT U-S CORN YIELD, JUST LIKE ELECTION RESULTS. AT LEAST I HOPE THE PUBLIC WILL SEE IT. DEPENDING ON HOW CAREFULLY PRODUCERS READ THOSE MULTI-PAGE LEGAL AGREEMENTS FOR SOFTWARE REGARDING DATA ACCESS, AGGREGATED RESULTS COULD BE A PRODUCT AVAILABLE TO ALL, OR TO THOSE WHO CAN PAY.  REGARDLESS, INFORMATION PROCESSING INNOVATION COULD LEAVE THE USDA TALKING TO AN EMPTY ROOM LONG AFTER THE NEWS HAS BROKEN ELSEWHERE. MODERNIZATION OF GOVERNMENT AG REPORTS IS WAY OVERDUE.

2ND HALF

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. IN ONE OF THE MORE BIZARRE WEATHER STORIES THIS YEAR, METEROLOGISTS IN AUSTRALIA HAD TO ADD NEW COLORS TO THEIR TEMPERATURE MAPS IN  ORDER TO DISPLAY THE BLISTERING HEAT WAVE CURRENTLY GRIPPING THE ENTIRE CONTINENT. AN UGLY PURPLE AND ALARMING PINK WILL HELP SHOW AREAS EXPERIENCING HIGHS OVER 50 DEGREES CELSIUS. THAT'S NEARLY 130 DEGREES IN GOOD OL FAHRENHEIT. AS YOU MIGHT EXPECT, WILDFIRES AND DUST STORMS ARE HUGE PROBLEMS AS WELL. BUT TO HELP YOU UNDERSTAND WHAT TEMPS LIKE THAT MEAN, GASOLINE EVAPORATES TOO FAST TO FILL UP SAFELY, SO THE GAS STATIONS ARE SHUTTING DOWN. MAYBE I'LL STOP WHINING ABOUT 90'S NEXT SUMMER. TYNE MORGAN IS HERE WITH THE NEWS....

HEADLINES:

THANKS JOHN. 2013 IS PICKING-UP WHERE 2012 LEFT-OFF AS MUCH OF THE COUNTRY REMAINS IN SOME FORM OF DROUGHT. MUCH OF THE SOUTHERN PLAINS GOT A NICE SOAKING RAIN THIS WEEK. SAN ANTONIO TEXAS RECEIVED ANYWHERE FROM TWO-TO-FOUR INCHES. THIS WAS THE FIRST DECENT RAIN SINCE LAST SUMMER. DESPITE THE SHOWERS MOST OF THE STATE IS STILL FAR OFF FROM BEING DROUGHT-FREE. I TALKED WITH THE STATE'S CLIMATOLOGIST ABOUT THE CURRENT WEATHER PATTERNS. IN 2012, USDA DESIGNATED MORE THAN 22-HUNDRED COUNTIES IN 39 STATES AS DISASTER AREAS DUE TO DROUGHT. THAT WAS 71 PERCENT OF THE UNITED STATES. THE AMOUNT OF MONEY SPENT BY U-S TAXPAYERS TO SUPPORT THE NATION'S "FOOD STAMP" PROGRAM REACHED A RECORD LEVEL IN 2012. THE GOVERNMENT RELEASED THE YEAR-END FIGURES FOR THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM - OR SNAP. IT HIT 80-POINT-FOUR BILLION DOLLARS. WHEN YOU GRAB A SNACK TO MUNCH ON, WHAT'S THE FIRST THING YOU GO FOR - SOMETHING SALTY AND CRUNCHY. OR HOW ABOUT CHOCOLATE. AS IT TURNS OUT A GROWING NUMBER OF PEOPLE ARE GRABBING FRESH FRUIT.

LOUISIANA SPIRITS:

SUGAR-CANE IS A VERSATILE CROP.  IN BRAZIL, IT'S USED FOR ETHANOL. HERE IN THE STATES, IT'S GROUND INTO SUGAR. AND IN LOUISIANA - IT'S BEING USED TO MAKE SOME FINE DISTILLED BEVERAGES. IN THIS REPORT PROVIDED BY THE LOUISIANA FARM BUREAU, KRISTEN OAKES TELLS US HOW LOCAL CASH CROPS ARE BEING TURNED INTO COCKTAILS.

VETS ON CALL:

LARGE-ANIMAL VETERINARIANS WORRY NOT ONLY ABOUT THE TREATMENT OF ILLNESS IN HERDS, BUT ALSO THE PREVENTION OF DISEASE. THIS IS ESPECIALLY TRUE IN PIG BARNS. THOSE SOCIAL ANIMALS CAN SPREAD A COLD LIKE A DAYCARE FOR KIDS. IN THIS "VETS ON CALL" REPORT, WE MEET DOCTOR PAUL RUEN - AS HE TRAVELS THE BACKROADS OF MINNESOTA.

TRACTOR TALES:

THIS WEEK'S CLASSIC IRON COMES TO US FROM CENTRAL MONTANA.

CHURCH SALUTE:

TODAY'S COUNTRY CHURCH SALUTE TAKES US TO AN  AREA OF WESTERN ILLINOIS KNOWN AS THE QUAD CITIES. THE EDGINGTON PRESBYTERIAN CHURCH IS CELEBRATING ITS 175TH ANNIVERSARY. EDGINTON IS A SMALL FARMING COMMUNITY IN ROCK ISLAND COUNTY. THE CHURCH WAS FORMED BY THE DUNLAP FAMILY AND A COUPLE OF PRESBYTERIAN PREACHERS. THEY HELD THE FIRST SERVICE IN THE DUNLAP'S LOG CABIN IN 1837. THE FIRST CHURCH WAS BUILT 1845. ABOUT 50 YEARS LATER. A 'NEW' CHURCH WAS BUILT AND IT'S STILL BEING USED TODAY. OUR THANKS TO CHURCH MEMBER CHRIS STARK WHO SHARED THE CHURCH HISTORY.

MAILBAG:

TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG. YVONNE MEIJERING WAS NOT REASSURED BY MY COMMENTS ABOUT PESTICIDE SAFETY.

 

 

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