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USFR Weekly Recap - JUNE 14-15, 2014

June 14, 2014

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2131

JUNE 14-15, 2014

 

JOHN's OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS THE SLOW EROSION OF CROP PRICES HAS NOT BEEN A MOOD LIFTER FOR FARMERS. ADD IN ANXIETY OVER NEW EPA RULES AND EL NINO AND RISING COSTS, AND WE'RE NOT REALLY IN THE MOOD TO KICK BACK AND ENJOY SUMMER. ALL THE MORE REASON TO TAKE A VACATION THIS YEAR. YOU NEED NOT GO FAR, BUT IN ORDER TO GET AWAY FROM THE WORRIES YOU REALLY DO NEED TO GET AWAY, ESPECIALLY BECAUSE OUR WORKPLACE IS OUR HOME. AMERICANS IN GENERAL DON'T TAKE ENOUGH VACATION IN MY OPINION AND WE FARMERS TAKE EVEN LESS. THAT'S A SHAME, BECAUSE THIS YEAR OUR BRAINS COULD USE THE BREAK TO COPE WITH SOME SERIOUS CHALLENGES.

JUNE WASDE:

THANK YOU, JOHN. ANOTHER BIG VICTORY FOR U-S WATERWAYS, AS THE PRESIDENT GAVE HIS SIGNATURE OF APPROVAL THIS WEEK ON A MAJOR BILL. LITTLE EXCITEMENT SURROUNDED USDA'S LATEST GRAIN REPORTS THIS WEEK, AS NO BIG SURPRISES WERE REVEALED. USDA LEFT NEW-CROP CORN PRODUCTION AT 13-POINT-NINE BILLION BUSHELS WITH AN AVERAGE YIELD OF 165-POINT-THREE ON 92 MILLION PLANTED ACRES. NEW-CROP SOYBEAN PRODUCTION WAS ALSO LEFT UNCHANGED AT THREE-POINT SIX BILLION BUSHELS. WITH A NATIONAL AVERAGE YIELD OF 45.2 BPA ON 81 AND A HALF MILLION PLANTED ACRES. WORLD BANK FORECAST: THE WORLD BANK IS CUTTING IS 2014 GLOBAL GROWTH FORECAST, NOW POINTING TO 2.8% GROWTH THIS YEAR. THAT'S DOWN FROM THE 3.2 PERCENT ORIGINALLY LAID OUT IN JANUARY. THE BIGGEST REASONS ARE THE DOW JONES INDUSTRIAL, OIL PRICES, AS WELL AS INTEREST RATES. THE BANK ALSO SAYS ECONOMIC EXPANSION HAS STRUGGLED THE FIRST HALF OF THE YEAR. THAT'S DUE TO THE HARSH WINTER AND THE ONGOING CONFLICT IN UKRAINE. CARGILL HOUSING: ONE OF the NATION'S LEADING PORK SUPPLIERS IS FURTHERING ITS COMMITMENT TO END THE USE OF SOW GESTATION STALLS, AND THE TIMELINE IS QUICK. CARGILL SAYS BY DECEMBER 2015 IT WILL USE ALL GROUP HOUSING FOR ITS SOWS THAT PRODUCE HOGS FOR PORK. CARGILL IS THEN GIVING ITS CONTRACTORS UNTIL THE END OF 2017 TO TRANSITION TO 100-PERCENT GROUP HOUSING. COMPETITORS LIKE SMITHFIELD AND TYSON HAVE ALREADY ANNOUNCED SIMILAR PLANS. TYSON HILLSHIRE: AND AN UPDATE TO THE INTENSE BIDDING WAR WE'VE BEEN REPORTING OVER HILLSHIRE BRANDS. ARKANSAS BASED TYSON FOODS HAS BEAT OUT PILGRIM'S PRIDE, WITH A 8.5 BILLION DOLLAR BIDS. HILLSHIRE OWNS THE JIMMY DEAN SAUAGE AND BALL PARK FRANKS BRANDS. HILLSHIRE'S BOARD OF DIRECTORS AND GOVERNMENT REGULATORS STILL HAVE TO SIGN OFF ON THE DEAL. FOODS OFFER. AND GOVERNMENT REGULATORS WILL STILL NEED TO SIGN-OFF ON THE DEAL. CROP WATCH: THANKS, TYNE. THE RECENT RAINS HAVE REALLY HELPED SOME AREAS, BUT OTHERS ARE DROWNING FROM TOO MUCH WATER. TAG & CLOSE: THANKS, TYNE. THE RECENT RAINS HAVE REALLY HELPED SOME AREAS, BUT OTHERS ARE DROWNING FROM TOO MUCH WATER. APPROPRIATIONS VETO: THE WHITE HOUSE ISN'T TOO KEEN ON THE AG APPROPRIATIONS BILL THAT'S BEEN APPROVED BY BOTH CHAMBERS, AND TOP OFFICIALS ARE MAKING THAT KNOWN. THE WHITE HOUSE IS THREATENING TO VETO THE MEASURE. THE ADMINSTRATION SAYS THE BIGGEST CONCERNS ARE WITH THE POSSIBLE CHANGES TO THE SCHOOL NUTRITION PROGRAM, WHICH WOULD ALLOW SCHOOLS TO APPLY FOR A WAIVER OUT OF THE PROGRAM, AS WELL AS INCLUDING POTATOES AS PART OF THE W-I-C PROGRAM. FIRST LADY MICHELLE OBAMA HAS BEEN VERY VOCAL ABOUT HER DISAPPROVAL OVER POSSIBLE CHANGES TO THE SCHOOL LUNCH PROGRAM. DROUGHT MONITOR: THE DROUGHT IS FAR FROM OVER IN THE SOUTH AND WEST, BUT THANKS TO SOME RECENT RAINS, SOME STATES ARE SEEING THE WORST OF IT FADE. IT'S NOT SO GOOD FOR CALIFORNIA, AS THOSE CONDITIONS REMAIN PRETTY MUCH UNCHANGED. THE ENTIRE STATE IS CONSUMED BY THE THREE MOST SEVERE LEVELS OF DROUGHT. FOR THE ENTIRE SOUTH REGION, WHICH INCLUDES TEXAS AND OKLAHOMA, CONDITIONS ARE IMPROVING. 18 PERCENT OF THE AREA IS NOW CONSIDERED TO BE IN EXTREME DROUGHT. THAT'S AN IMPROVEMENT OF 10 POINTS IN JUST THREE WEEKS. AND IN OKLAHOMA, 53 PERCENT OF the STATE IS IN EXTREME DROUGHT, THAT'S DOWN 8 PERCENT FROM A WEEK AGO. AND TEXAS SAW A BIG IMPROVEMENT IN THE EXTREME DROUGHT CATEGORY, DROPPING 17 POINTS FROM THREE WEEKS AGO. NOW 23% OF THE STATE IS IN EXTREME DROUGHT. THE RAINS MAY NOT HAVE BEEN A DROUGHT BUSTER, BUT ACCORDING TO ONE WEST TEXAS FARMER, THE EMOTIONAL BENEFIT HAS BEEN BIG. EL NINO: WITH ALL THIS RECENT RAIN, DOES IT MEAN EL NINO IS OFFICIALLY HERE? OUR METEOROLGIST MIKE HOFFMAN SAYS WHILE ONE HASN'T BEEN OFFICIALLY DECLARED, TEMPERATURES IN THE PACIFIC DO SIGNAL A WEAK EL NINO IS HERE. HE SAYS THE TEMPERATURE HAS REACHED A HALF A DEGREE CELSIUS WARMER THAN NORMAL, WHICH IS ENOUGH FOR AN EL NINO. AND WHILE THIS IS EARLIER THAN MANY HAS PROJECTED, HOFFMAN STILL DOESN'T THINK THIS WILL BE A STRONG EL NINO. DRONE USE: THERE COULD BE A BREAKTHROUGH FOR COMMERCIAL DRONE USE. THIS WEEK, THE FEDERAL AVIATION ADMINSTRATION AUTHORIED ITS FIRST COMMERCIAL DRONE TO BE USED TO SURVEY CONDITIONS FOR B-P. THE COMPANY SAYS IT PLANS TO USE THE UNMANNED AIRCRAFT TO SURVEY ROADS, PIPELINES AND OTHER EQUIPMENT IN ALASKA, WHICH IS HOME TO THE LARGEST OILFIELD IN THE UNITED STATES. THIS IS THE FIRST COMMERCIAL DRONE FLIGHT AUTHORIZED OVER LAND. ROTTEN TOMATOES: THERE COULD BE A BREAKTHROUGH FOR COMMERCIAL DRONE USE. THIS WEEK, THE FEDERAL AVIATION ADMINSTRATION AUTHORIED ITS FIRST COMMERCIAL DRONE TO BE USED TO SURVEY CONDITIONS FOR B-P. THE COMPANY SAYS IT PLANS TO USE THE UNMANNED AIRCRAFT TO SURVEY ROADS, PIPELINES AND OTHER EQUIPMENT IN ALASKA, WHICH IS HOME TO THE LARGEST OILFIELD IN THE UNITED STATES. THIS IS THE FIRST COMMERCIAL DRONE FLIGHT AUTHORIZED OVER LAND. CENTINNAL FARMER: IN FARMING WE JOKE THAT MANY OF US NEVER REALLY RETIRE, EVEN IF WE DECIDE TO STEP BACK FROM DOING ALL THE DAY TO DAY TASKS AROUND THE FARM. BUT SOME REFUSE TO GIVE THOSE UP TOO. THIS FATHER'S DAY WEEKEND WE MEET A MAN WHO IS SHOWING HIS SON HARDWORK AND PERSISTENCE BY EXAMPLE, EVEN AT THE RIPE AGE OF 100. NEXT WEEK: VETERANS NEED THERAPEUTIC RELIEF. AND IN THE SHOW-ME STATE, THEY'RE TURNING TO THE GREENS. WE'LL TELL YOU WHY THIS COURSE IS ON PAR NEXT WEEK ON U-S FARM REPORT. TEASE: STORM CHASHERS WILL GO TO GREAT LENGTHS TO LEARN MORE ABOUT STORMS. BUT THERE ARE SOME STORMS WHERE LIVES ARE TOO PRECIOUS TO RISK. UP NEXT, OUR OWN MIKE HOFFMAN SHOWS US WHAT TOOL SOME OF YOU USE ON THE FARM COULD BE VITAL IN LEARNING MORE ABOUT HURRICANES. HURRICANE DRONES: WHILE THE FEDERAL HURRICANE FORECAST SHOWS A MILDER SEASON, IT ONLY TAKES ONE TO DEVASTATE A REGION. THAT'S WHY METEOROLOGISTS KEEP UP WITH THE LATEST TECHNOLOGY TO GET AHEAD OF STORM FORECASTING....THIS SUMMER, A NEW MILITARY DRONE WILL PENETRATE HURRICANES TO HELP SOLVE A STORM FORECASTING PROBLEM.TRACTOR TALES: AL, WHAT'S THIS I HEAR WE HAVE A TRACTOR CALLED THE HARVEY THIS WEEK? THAT'S RIGHT JOHN. THE HARVEY LINE OF TRACTORS ARE FROM THE GIBSON TRACTOR FAMILY. TRACTOR TALES DVD: "THE BEST OF TRACTOR TALES", A TWO D-V-D SET, IS NOW AVAILABLE FOR PURCHASE. THE FIRST D-V-D IS ALL GREEN..."THE BEST OF JOHN DEERE". THE SECOND IS A MIX OF MODELS - INCLUDING ALLIS-CHALMERS, FARM-ALL, OLIVER AND MORE. TO ORDER, HEAD ONLINE TO "SHOP-FARM-JOURNAL-DOT-COM"...OR YOU CAN CALL TOLL FREE - THAT NUMBER IS 888-364-0993. WE EXPECT THIS TO BECOME A YEARLY COLLECTOR SERIES - SO ORDER THIS VALUABLE FIRST EDITION TODAY. CHURCH SALUTE: TODAY'S COUNTRY CHURCH SALUTE GOES TO ST JOHN THE EVANGELIST CATHOLIC CHURCH IN STAPLETON, NEBRASKA. JUST LAST YEAR, THE CONGREGATION CELEBRATED 100 YEARS OF DEVOTED FAITH. A SMALL RURAL CHURCH, THEY TAKE PRIDE GREAT PRIDE IN CONTINUING TO STRENGTHEN THE CONGREGATION. STARTED BY FARM FAMILIES IN 1913, THE CHURCH STILL REPRESENTS THOSE FAITHFUL LABORERS TODAY. EACH WEEK THEY GIVE THANKS TO THE LORD FOR THE FERTILE GROUND AND THE HANDS THAT SEW THE SEEDS EACH YEAR. OUR THANKS TO ST JOHN THE EVANGELIST CATHOLIC CHURCH FOR SHARING THEIR STORY.

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