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AgDay Daily Recap - October 25, 2010

October 25, 2010
 
 

TODAY ON AGDAY:
OCTOBER 25, 2010

DISASTER ASSISTANCE:
SIGN-UP FOR DISASTER AID BEGINS THIS MORNING FOR SOUTHERN FARMERS WHO SUSTAINED CROP LOSSES FROM EXCESSIVE MOISTURE LAST YEAR. THE AG DEPARTMENT ANNOUNCED THAT MORE THAN A HALF BILLION DOLLARS IN PAYMENTS WILL BE DSTRIBUTED. THIS IS THE SAME AID PACKAGE THAT SENATE AG COMMITTEE CHAIR BLANCHE LINCOLN WAS SEEKING. BUT IT'S A LOT LESS THAN THE 1.5 BILLION SHE HOPED TO BRING HOME. ELIGIBLE COMMODITIES INCLUDE ONLY RICE, UPLAND COTTON, SOYBEANS AND SWEET POTATOES. LINCOLN SAYS THE PAYMENTS HELP PRODUCERS NOT COVERED BY "SURE", THE PERMANENT DISASTER AID PROGRAM. IN AN EXCLUSIVE INTERVIEW WITH PRO FARMER'S ROGER BERNARD, FSA ADMINISTRATOR JONATHAN COPPES WAS ASKED WHY THE DISASTER AID WAS NOT BROADER TO INCLUDE DROUGHT-RELATED LOSSES. COPPESS SAYS THEY TARGETED THE DISASTER-AID BASED, IN PART, ON THE EFFECTIVENESS OF THS "SURE" PROGRAM TO COVER FARMER'S LOSSES.

CATTLE ON FEED:
THE USDA ALSO RELEASED ITS LATEST CATTLE ON FEED REPORT FRIDAY.  MARKETS WERE SLIGHTLY HIGHER AFTER EXPECTING ONLY MILD CHANGES. THE NUMBER OF CATTLE AND CALVES ON FEED IN FEEDLOTS OF ONE THOUSAND HEAD OR MORE WERE UP 3% OVER LAST YEAR...TOTALLING 10.8 MILLION HEAD. PLACEMENTS IN SEPTEMBER WERE ALSO UP 3% TO 2.46 MILLION. MARKET ANALYSTS EXPECT NEXT MONTH'S REPORT TO SHOW A DROP IN THE NUMBER OF CATTLE PLACED IN FEEDLOTS...DUE TO SHRINKING HERD SIZES AND HIGHER FEED COSTS.
MARKETING OF FED CATTLE IN SEPTEMBER WAS UP ABOUT 2%.

LAMB DATA:
THE USDA'S LIVESTOCK SLAUGHTER REPORT SAW COMMERCIAL RED MEAT PRODUCTION FALL 2% OVER A YEAR AGO. THE LARGEST DROP CONTINUES TO BE IN LAMB AND MUTTON PRODUCTION. IT'S DOWN 12% OVER SEPTEMBER 2009.

VILSACK BIOFUELS:
THE ETHANOL INDUSTRY IS BUZZING ABOUT U.S. AGRICULTURE SECRETARY TOM VILSACK'S PLANS FOR RENEWABLE FUELS. AS WE MENTIONED LAST WEEK, THE USDA HEAD TOLD THE NATIONAL PRESS CLUB HIS VISION FOR THE INDUSTRY. IT INCLUDES NEW SUBSIDIES FOR PRODUCERS TO GROW BIOMASS CROPS LIKE SWITCHGRASS...BUT POINT-OF-DELIVERY FUELING STATIONS WEREN'T LEFT OUT. VILSACK HAS A GOAL OF INSTALLING AT LEAST 10,000 NEW ETHANOL PUMPS AT SERVICE STATIONS AROUND THE COUNTRY. HE WANTS IT DONE IN THE NEXT FIVE YEARS. THE PUMPS WOULD OFFER DIFFERENT MIXTURES OF ETHANOL AND GASOLINE. VILSACKS SAYS PUTTING THEM IN PLACE HELPS ENSURE THERE IS A MARKET FOR THE BIOFUEL AS PRODUCTION INCREASES. THE USDA PLANS TO SPEND MONEY TO HELP MAKE IT HAPPEN. THE USDA PLANS TO USE THAT MONEY TO HELP THE FUELING STATIONS INSTALL THE NEW PUMPS. EACH ONE IS ESTIMATED TO COST ABOUT 25,000 DOLLARS. THE USDA HOPES TO START MAKING PAYMENTS NEXT SPRING.
VILSAC IS ALSO URGING CONGRESS TO EXTEND THE ETHANOL BLENDER'S TAX CREDIT. IT GOES TO REFINERS AND OTHER COMPANIES AS AN INCENTIVE TO ADD ETHANOL TO GASOLINE. IT'S SET TO EXPIRE ON DECEMBER 31ST.

STATE BY STATE:
HERE ARE TODAY'S STATE BY STATE HEADLINES. HAWAII SAYS IT HAS WIPED OUT A RAPIDILY SPREADING INFESTATION OF STINGING ANTS. THE NASTY CREATURES SHOWED UP ON A MAUI FARM LAST OCTOBER.  AGRICULTURE OFFICIALS SAY AN EXPERIMENTAL ANT BAIT THAT COULD BE APPLIED TO TREES AND VEGETATION HELPED ELIMINATE THE INVASIVE SPECIES WHICH IS ORIGINALLY FROM SOUTH AMERICA. IN GEORGIA KILLER BEES ARE BEING REPORTED FOR THE FIRST TIME. STATE OFFICALS CONFIRM THE AGGRESSIVE HONEYBEES KILLED A 73 YEAR OLD MAN EARLIER THIS MONTH. HE HIT A BEEHIVE WHILE CLEARING BRUSH WITH HIS TRACTOR. ENTOMOLOGISTS CONFIRM THE ATTACKERS WERE THE AGRESSIVE AFRICANIZED BEES. OFFICIALS ADVISE PEOPLE TO STAY AWAY FROM SWARMS, COLONIES AND NOT TO SWAT AT THE BEES IF STUNG. AND, THE ILLINOIS FERTILIZER AND CHEMICAL ASSOCIAITON IS APPEALING TO FARMERS IN THE STATE. IT’S CHAMPIONING A NEW MESSAGE OF "WAIT UNTIL 50". THEY WANT PRODUCERS TO WAIT UNTIL SOIL TEMPERATURES HIT AND STAY AT OR BELOW 50 DEGREES BEFORE APPLYING FALL NITROGEN. THE ASSOCIATION IS URGING PRODUCERS TO BE PROACTIVE. IT FEARS LAWSUITS OR GOVENMENT MANDATES WILL FORCE EVEN STRICTER REQUIRMENTS ON THE INDUSTRY IN THE FUTURE.

AGWEB POLL:
THANKS CINDI...AS FARMERS CONTINUE WITH THEIR HARVEST, THE FOLKS AT AGWEB WANTED TO KNOW HOW MUCH LONGER UNTIL YOU FINISH? THESE ARE THE RESULTS TO THE WEEKLY AGWEB POLL QUESTION. 52% OF YOU SAID YOU ONLY HAVE ABOUT A WEEK LEFT. 20% SAID THEY NEED A COUPLE MORE WEEKS. ABOUT 28% SAID YOU NEED AT LEAST THREE MORE WEEKS. AND NOW, HERE'S OUR BRAND NEW AGWEB POLL QUESTION. THE EDITORS ASKED "HAS CORN REACHED ITS TOP PRICE YET?" YOU HAVE FOUR CHOICES TO PICK-FROM. YES OR NO. AND IF NO, WHAT DO YOU THINK THE PRICE WILL BE BEFORE IT STARTS TO RE-TREAT. COULD IT GO AS HIGH AS SEVEN DOLLARS? GO TO WWW.AGWEB.COM , SCROLL DOWN THE RIGHT HAND SIDE OF THE SCREEN AND CAST YOUR VOTE. REMEMBER THIS IS JUST FOR WATER-COOLER DISCUSSION AND IS NOT A SCIENTIFIC POLL.

JD CREDIT:
IN AGRIBUSINESS, DEERE AND COMPANY IS CHANGING THE NAME OF ITS CREDIT DIVISION. IT WILL NOW BE CALLED JOHN DEERE FINANCIAL. THE COMPANY SAYS THE NEW NAME IS A BETTER REPRESENTATION OF THE PRODUCTS AND SERVICES...BEYOND JUST CREDIT. EARLIER THIS YEAR, THE COMPANY ESTABLISHED JOHN DEERE INSURANCE COMPANY WITH THAT ADDITION TO THE THEIR PORTFOLIO THEY SAY A NAME CHANGE WAS NEEDED TO REFLECT ITS DIVERSITY OF FINANCIAL PRODUCTS.

ANALYSIS:
BRYAN DOHERTY

MBA CHECKOFF:
THE VAST MAJORITY OF AMERICANS HAVE LITTLE KNOWLEDGE OF HOW BEEF IS PRODUCED. FILLING THAT KNOWLEDGE-GAP IS A GOAL FOR THE BEEF CHECKOFF. THEY WANT CONSUMERS TO UNDERSTAND THE STEPS CATTLEMEN TAKE TO PRODUCE A SAFE PRODUCT. AS A RESULT, THE CHECKOFF HAS CREATED A PROGRAM TO HELP PRODUCERS EARN AN MBA. NO, IT'S NOT A MASTERS IN BUSINESS ADMINISTRATION. INSTEAD IT'S A WAY TO TRAIN PRODUCERS TO BECOME BETTER ADVOCATES FOR THE INDUSTRY. SHARON ALSETH HAS DETAILS IN THIS REPORT PROVIDED BY THE CHECKOFF.

RETAIL FOOD PRICES:
IS THERE A BIG COST BREAK ON GROCERIES WHEN YOU SHOP AT SUPER-CENTERS OR WAREHOUSES OVER TRADITIONAL STORES. ECONOMISTS ARE LOOKING FOR ANSWERS IN TODAY'S FOOD AND YOUR FAMILY. THE ECONOMIC RESEARCH SERVICE WANTED TO FIND OUT IF CONSUMERS CAN SAVE MONEY BY SHOPPING AT NON-TRADITIONAL FOOD RETAILERS, AS COMPARED TO THE GROCERY STORE. NONTRADITIONAL STORES ARE THOSE BIG BOX STORES AND CLUB WAREHOUSES. OVER THE PAST 15 YEARS, THOSE NON-TRADITIONAL FOOD VENDORS HAVE INCREASED THEIR FOOD OFFERINGS. USDA ECONOMISTS COMPARED IDENTICAL ITEMS USING THE UNIVERSAL PRODUCT CODE - - OR BAR CODE. THEIR FINDINGS SHOW THAT 86% OF NONTRADITIONAL RETAILERS OFFERED LOWER PRICES THAN TRADITIONAL STORES ON SIMILAR PRODUCTS, EVEN AFTER CONTROLLING FOR BRAND AND PACKAGE SIZE. NONTRADITIONAL STORES IN METRO AREAS WHERE SUCH STORES HAVE A HIGHER-THAN-AVERAGE MARKET SHARE HAVE SMALLER AND LESS FREQUENT PRICE DISCOUNTS THAN THOSE IN AREAS WHERE SUCH STORES HAVE A LOWER MARKET SHARE.

CATFISH FEED:
WHILE THE SOYBEAN INDUSTRY HAS ENJOYED MARKETING ITS GRAIN TO THE AQUACULTURE INDUSTRY, IT NOW APPEARS SOY MAY GET A NEW COMPETITOR. SCIENTISTS AT USDA'S AG RESEARCH SERVICE SAY DDG'S, WHICH IS THE CO-PRODUCT OF ETHANOL, CAN PROVIDE PROTEIN FOR FISH FARMS. FOR CATTLE PRODUCERS NEAR AN ETHANOL PLANT, DRIED DISTILLERS GRAINS ARE BECOMING A MORE COMMON FEED CHOICE. IT'S RICH IN PROTEIN. NOW USDA RESEARCHERS SAY IT COULD BE AN OPTION FOR CATFISH AND TILAPIA PRODUCERS AS A CHEAPER FEED. THE SCIENTISTS FOUND THAT CATFISH RAISED ON A DIET THAT INCLUDED DDGS DEMONSTRATED GREATER RESISTANCE INFECTION. HOWEVER, THEY POINT OUT THAT DDG'S LACK ESSENTIAL AMINO ACIDS, SUCH AS LYSINE.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .

 


 

 

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