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AgDay Daily Recap -April 18, 2013

April 18, 2013
 
 

TODAY ON AGDAY

APRIL 18, 2013

 

WEATHER:

GOOD MORNING I'M CLINTON GRIFFITHS. WILD SPRING WEATHER, HEAVY RAINS, SNOW AND FLOODING ARE ALL CONVERGING ON THE MIDWEST THIS WEEK.

CROP WATCH:

WHILE THE COUNTRY HUNKERS DOWN FOR ANOTHER ROUND OF WILD WEATHER, OUT IN THE FIELD, IT'S MAKING FOR SOME UNIQUE CHALLENGES. MIKE HOFFMAN IS BACK THIS MORNING WITH A FEW EXAMPLES IN TODAY'S CROPWATCH.

IMMIGRATION UPDATE:

EARLY WENDESDAY, A GROUP OF SENATORS FORMERLY FILED THE IMMIGRATION REFORM LEGISLATION. AND DETAILS ABOUT THE PLAN ARE STARTING TO ROLL OUT.

COTTON OUTLOOK:

COTTON WORLD ENDING STOCKS COULD REACH A NEW RECORD. THAT'S ACCORDING TO THE LATEST U-S DEPARTMENT OF AG COTTON PROJECTIONS. THE AGENCY SAYS STOCKS COULD REACH MORE THAN 82 MILLION BALES NEARLY 20 PERCENT HIGHER THAN LAST YEAR. IN TOTAL, THAT'S A 77 PERCENT SPIKE IN JUST THREE YEARS. MOST OF THE BALE SURPLUS IS IN CHINA.

HAY PRODUCTION:

FOR DAIRY'S AND CATTLEMEN IN THE DROUGHT STRESSED PLAINS, HAY IS A LIFELINE.
IT'S ALSO EXPENSIVE. PART OF THE REASON, A SIGNIFICAN DECREASE IN THE AMOUNT OF HAY PRODUCED IN THIS COUNTRY. OKLAHOMA STATE LIVESTOCK MARKETING SPECIALIST DERRELL PEEL, SAYS HAY PRODUCTION IS SOME 30 PERCENT LOWER THAN IT WAS IN 2001. HAY STOCKS ARE DOWN NEARLY 30 PERCENT COMPARTED TO WHAT AVERAGES WERE FROM 2001 TO 2010. THE DROP IS DUE TO DROUGHT CAUSED DEMAND AND FEWER HAY ACRES.

CATTLE ON FEED:

THIS FRIDAY, THE USDA'S CATTLE ON FEED REPORT COMES OUT. SURVEY'S SHOW THE INDUSTRY IS EXPECTING FEWER CATTLE PLACED INTO FEEDLOTS LAST MONTH. ALAN BRUGLER SAYS NUMBERS THE TRADE EXPECTS PLACEMENTS TO BE ABOUT 2 AND HALF PERCENT LOWER THAN THE FIVE YEAR AVERAGE. ON FEED NUMBERS COULD BE SIX PERCENT LOWER. CATTLE FUTURES TRADING IS EXPECTED TO BE MODERATE UNTIL FRIDAY'S REPORT COMES OUT.

LAND BUBBLE:

EARLIER THIS MONTH WE TOLD YOU ABOUT THE LAND PRICE BOOM IN NORTH DAKOTA. IN JUST ONE YEAR, LAND VALUES JUMPED MORE THAN 40 PERCENT. IN THIS REPORT PROVIDED BY JASON VANCE WITH THE UNIVERSITY OF MISSOURI EXTENSION, WE SEE IF THIS LAND VALUE BUBBLE IS PREPARING TO BURST.

CRUDE PRICES:

IN AGRIBUSINESS TODAY, AS SPRING DRIVING SEASON GETS UNDERWAY, POTENTIALLY GOOD NEWS FOR FUEL PRICES.  BRENT CRUDE PRICES ARE DOWN THE LAST COUPLE OF DAYS.

MONSANTO:

MONSANTO IS EXPANDING ITS SEED PORTFOLIO. THIS TIME, IT'S A GLOBAL INVESTMENT. MONSANTO ANNOUNCED ITS AQUIRING A GERMAN SEED COMPANY. MONSANTO OFFICIALS SAY IT'S PART OF MONSANTO'S INVESTMENT IN GERMANY AND EASTERN EUROPE.

ANALYSIS:

HERE AT AGDAY WE SPEND OF PLENTY OF TIME LOOKING A NEW MARKETS AND NEW OPPORTUNITIES FOR FARMERS. IN THIS MORNING'S ANALYSIS, JIM BOWER TELL'S AL PELL ABOUT A SWEET NEW OPPORTUNITY HE SEES EMERGING IN THE COMING YEARS. GENTLEMEN.

DISASTER PREP:

THE NEXT TWO AND HALF MONTHS OR SO, ARE PRIME TIME FOR SEVERE WEATHER. AND WHILE WE NEVER EXPECT TO BE IMPACTED THE REALITY IS THAT THERE'S ALWAYS A CHANCE. WHICH IS WHY ONE YOUNG KENTUCKY 4-HER IS DOING HER PART TO TELL THE TRUTH ABOUT WHAT SHE WENT THROUGH AND HELP OTHERS PREPARE. JEFF FRANKLIN WITH THE UNIVERSITY OF KENTUCKY SHARE'S HER STORY. ACCORDING TO THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION, OR NOAA, THE U-S EXPERIENCED THE FEWEST TORNADOES IN THE MONTH OF MARCH SINCE 1978. FEWER THAN 20 WERE REPORTED.

VIRGINIA RESEARCH:

IN FOOD AND YOUR FAMILY, VIRGINIA TECH RESEARCHERS THINK THEY'VE UNLOCKED THE POTENTIAL TO HELP FEED A GROWING POPULATION.

FLAVORED MILK:

IF YOU'RE FAVORITE PART OF EATING YOUR MORNING CEREAL IS SLURPING DOWN THE MILK AT THE END, YOU'RE IN LUCK. COW WOW, A LA-BASED COMPANY, HAS INTRODUCED CEREAL FLAVORED MILK.  TWO FLAVORS.ARE ALREADY OUT. FRUITY TRUDY, WHICH TASTES LIKE MILK AFTER YOU'VE EATEN ALL YOUR FRUIT LOOPS, AND CHOCOLATE CHIP CATHY. AND COW WOW HAS MORE ON THE WAY, AS THE NEXT FLAVOR THEY ARE WORKING ON IS CINNAMON TOAST CRUNCH.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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