Sep 18, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

AgDay Daily Recap -Aug 19, 2014

August 19, 2014
 
 

 

TODAY ON AGDAY
AUGUST 19, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY FOLLOWING SCOUTS ALONG THE 2014 MIDWEST CROP TOUR? WE HAVE COVERAGE FROM BOTH ENDS OF THE CORNBELT. IN AGRIBUSINES....MANAGING THE MILK MARKET.HOW MUCH DOES IT COST TO RAISE A CHILD? NEW ESTIMATES MAY SHOCK YOU. AND LEARNING TO ENJOY THE MARSHES OF LOUISIANA… A 4-H CAMP THAT TEACHES BEAUTY COMES IN ALL TERRAINS. AGDAY BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO - THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.
CROP TOUR BEGINS:
GOOD MORNING I'M CLINTON GRIFFITHS. AFTER A LONG FIRST DAY, CROP SCOUTS ARE GEARING-UP FOR THEIR SECOND LEG OF THE PROFARMER MIDWEST CROP TOUR....AND THAT'S OUR TOP STORY ON AGDAY.
CROP PROGRESS:
BEGINNING WITH CORN WE SAW A GENERAL DECLINE LIKELY DUE TO LAST OF RECENT RAINFALL. OVERALL 72-PERCENT IS GOOD TO EXCELLENT, DOWN A POINT FROM LAST WEEK.
THERE WAS A TWO POINT DROP IN ILLINOIS. STILL 80-PERCENT IS GOOD TO EXCELLENT. MINNESOTA ALSO SAW A TWO POINT DROP. THERE'S A ONE POINT DROP IN IOWA AND NEBRASKA. SOYBEAN CONDITION SAW A GENERAL IMPROVEMENT BY ONE POINT. 71-PERCENT IS GOOD TO EXCELLENT.COTTON CONDITION SAW A TWO POINT DROP FROM LAST WEEK. 50-PERCENT IS GOOD TO EXCELLENT. A THIRD IS FAIR. SPRING WHEAT HARVEST IS NOW UNDERWAY. 17-PERCENT IS CUT. THAT'S HALF OF NORMAL. THERE ARE SIGNIFICANT DELAYS IN SOUTH DAKOTA AND MINNESOTA, BUT WASHINGTON STATE IS WELL AHEAD.
RANDOM SEARCH:
CLINTON…THERE ARE ABOUT 60 SCOUTS ON EACH LEG OF THE TOUR. THERE 12 ROUTES IN THE EAST. TEN ROUTES IN THE WEST... THEY FOLLOW THE SAME GENERAL ROUTES TAKEN FOR SEVERAL YEARS - THAT'S PART OF THE CONSISTENCY OF THE TOUR. PROFARMER TOUR LEADERS SAY THEY DO NOT, HOWEVER, PRE-SELECT FIELDS TO SAMPLE. FIELD AND PLOT SELECTION IS LEFT UP TO THE SCOUT TEAMS THAT STOP EVERY 15 TO 20 MILES ON THEIR ROUTE - THAT'S PART OF THE RANDOMNESS OF THE TOUR.
EASTERN LEG:
CLINTON…THE EASTERN LEG OF THE TOUR SETS-OUT THIS MORNING FROM FISHERS, INDIANA. THEY'LL WIND THRU THE CENTRAL PART OF THE STATE AND THEN MOVE INTO ILLINOIS IN THE AFTERNOON.
NATIONAL REPORTER BETSY JIBBEN IS ON THE EASTERN LEG OF THE TOUR WHICH STARTED IN OHIO--BETSY, WHAT DOES THIS OHIO CROP NEED TO REACH MATURITY?
VIRTUAL CROP TOUR:
CLINTON…OUR PARTNERS AT PROFARMER HAVE AN ONLINE TOOL THAT WILL ALLOW YOU TO TAG-ALONG, SO TO SPEAK. THEY CREATED A VIRTUAL TOUR. IT CAN BE FOUND AT VIRTUAL-CROP-TOUR-DOT COME. IT GIVES STEP-BY-STEP INSTRUCTIONS ON HOW TO CALCULATE CORN YIELDS IN YOUR FIELDS JUST LIKE THE SCOUTS. AND IT'LL ALLOW YOU TO COMPARE YOUR NUMBERS TO TOUR LOCATIONS THAT ARE SAMPLED. YOUR NUMBERS WILL 'NOT' BE PART OF THE OFFICIAL CROP TOUR FORECAST. THE ON-LINE TOOL IS OPEN TO ANYONE, NOT JUST SUBSCRIBERS TO THE PROFARMER NEWSLETTER SERVICES.
WESTERN LEG:
THANKS BETSY. THE WESTERN LEG SETS OUT FROM GRAND ISLAND, NEBRASKA THIS MORNING. THE TEAM WILL SPEND THE DAY IN THE CORNHUSKER STATE. PROFARMER EDITORIAL DIRECTOR AND HOST OF MARKET RALLY RADIO CHIP FLORY IS COVERING THE WESTERN LEG OF THE TOUR FOR US. HE CHECKS IN FROM NORTHEAST NEBRASKA.
PREVENT PLANT:
ONE OF THE BIG STORIES FROM LAST YEAR'S CROP TOUR WAS THE NUMBER OF PREVENT PLANT ACRES. FROM OUR "EYE IN THE SKY" WE SAW EMPTY PATCHES THROUGH-OUT THE MIDWEST. ACCORDING TO THE FARM SERVICE AGENCY, LAST YEAR THERE WERE SEVEN MILLION ACRES OF UN-PLANTED CORN. THIS YEAR, IT'S DOWN TO ONE-AND-HALF MILLION ACRES. LIKE LAST YEAR, MOST OF THE ACRES ARE IN NORTH DAKOTA AND MINNESOTA. THE NUMBER OF ACRES CERTIFIED AS PREVENT PLANT IN SOYBEANS AND WHEAT HAVE ALSO FALLEN.
CROP TOUR PROMO:
CLINTON…BETSY JIBBEN WILL PROVIDE DAILY REPORTS ON AGDAY FROM THE EASTERN LEG OF THE TOUR. WE'RE MARSHALLING ALL OF THE FARM JOURNAL RESOURCES TO BRING YOU IN-DEPTH COVERAGE OF THIS IMPORTANT CROP TOUR. ALSO BE SURE TO MAKE AGWEB ONE OF YOUR FAVORITES FOR CONTINUOUS COVERAGE OF THE PROFARMER CROP TOUR.
TYSON EPA:
THANKS MIKE. ACCORDING TO MEATING PLACE THE EPA OPENED A CRIMINAL INVESTIGATION OF WASTEWATER DISCHARGE FROM A TYSON FOODS PROCESSING PLANT IN MISSOURI.
IT CLAIMS THE WASTEWATER FROM THE PLANT ALLEGEDLY CAUSED A FISH KILL IN A NEARBY STREAM, IF CRIMINALLY CHARGED BY THE EPA, TYSON MAY BE SUBJECT TO A FINE AND POSSIBLY GOVERNMENT CONTRACT SUSPENSION.
REAL PIG FARMING:
IN AN EFFORT TO CLEAN UP ITS IMAGE--OR JUST EDUCATE THE POPULACE, THE NATIONAL PORK BOARD IS LAUNCHING A NEW CAMPAIGN CALLED #REALPIGFARMING, IT WILL USE MAJOR SOCIAL MEDIA PLATFORMS LIKE FACEBOOK AND TWITTER TO EDUCATE THE GENERAL PUBLIC ABOUT THE PORK INDUSTRY. THE GOAL IS TO LET PEOPLE KNOW HOW MODERN PORK PRODUCTION REALLY WORKS.
TEASE:
STILL TO COME, MILK PRICES ARE HOLDING STRONG. HOW CAN PRODUCERS TAKE ADVANTAGE…WE'LL TALK ABOUT THAT NEXT IN ALAYSIS.
RUSSIA BANS;
IN OUR DAIRY TODAY REPORT, A RECENT BAN ON AG IMPORTS BY RUSSIA HAS CONSUMERS ALREADY PAYING HIGHER PRICES. SUPPLIERS ARE FACING SHORTAGES AND PRICES ARE INCREASING ON STAPLE FOODS LIKE FISH, FRUIT MEAT AND DAIRY. THAT'S ACCORDING USA TODAY. SUPPLIERS RAISING PRICES FOR SOME FISH BY 20 TO 35 PERCENT... MILK AND MEAT PRICES ARE ALSO EXPECTED TO INCREASE.TRADITIONALLY RUSSIA HAS BEEN ONE OF THE WORLD'S LEADING IMPORTERS OF FOOD.
ANALYSIS INTRO:
CLINTON…MILK PRICES REMAIN HISTORICALLY STRONG. FARM DIRECTOR AL PELL JOINS US WITH A LOOK AT THOSE MARKETS AND HOW PRODUCERS SHOULD REACT IN THE COMING MONTHS.
ANALYSIS:
HERE AT THE AGRIBUSINESS DESK WE'RE TALKING TO NAOMI BLOOM FROM STEWART PETERSON AND YOUR COMPANY DOES A LOT OF BUSINESS WITH THE DAIRY AND MILK SO I'M GOING TO ASK YOU WHAT IS HAPPENING RIGHT NOW TO THE MILK BUSINESS. WELL THE MILK MARKET HAS BEEN EXCITING RALLY HIGHER THIS WEEK FOR THE SEPTEMBER CONTRACT IT WAS ABLE TO BREAK THROUGH SOME MAJOR RESISTANCE LEVELS GOING THROUGH $22 DOLLARS AND ON ITS WAY UP TO $23 DOLLARS SO HISTORICALLY VERY STRONG PRICES FOR MILK THE REASON THAT IT HAD THIS RALLY THIS WEEK IS BECAUSE WE HAD STRONGER CHEESE PRICES STRONG BUTTER PRICES. RIGHT. SO THAT'S WHAT LET THE RALLY HIGHER BUT NOW WE'RE AT THAT THIS $23 DOLLAR LEVEL MAYBE WE CAN SEE IT GET UP TO $24 BUT THAT'S KIND OF STRETCHING IT THE REASON IS BECAUSE RIGHT NOW OVERALL IF YOU LOOK AT THE PRICE OF OUR CHEESE THE PRICE OF OUR BUTTER WE'RE TRADING AT A SUBSTANTIAL PREMIUM TO THE GLOBAL DAIRY MARKETS SUBSTANTIAL PREMIUM BUTTER IS LIKE A DOLLAR. THANK THE GLOBAL MARKET RIGHT. YEA AND SO BECAUSE OF THAT THE DIFFERED CONTRACTS FOR MILK LIKE INTO FIRST QUARTER THEIR ALL STAYING AROUND $18 DOLLARS AND THEIR JUST WAITING THEIR READY TO RALLY IF DEMAND SHOULD JUSTIFY IT BUT THEY'VE ALSO SEEN HOW WHEN WE HAVE THESE REALLY STRONG CHEESE AND BUTTER PRICES THAT WE USUALLY SEE THOSE MARKETS COME DOWN LOWER AND THEN FRONT MONTH MILK CONTRACTS COME BACK DOWN TO SO GOING FORWARD THE DEMAND MARKET IS STILL STRONG OUR EXPORTS ARE STILL SO SOLID SO SO SOLID GOING FORWARD BUT WE'RE PROBABLY GOING TO SEE QUIET MARKETS FOR THE DIFFERED CONTRACTS BUT THE NEARBY CONTRACTS IS AN OPPORTUNITY TO BE BANKING SOME CASH SALES IF YOU HAVE THAT ABILITY WITH YOUR MILK PLANT OR WHOMEVER YOUR PROCESSING WITH OR EVEN NOW WE'RE GOING TO BE LOOKING TO MAYBE START PUTTING SOME HEDGES IN PLACE BECAUSE WE'RE WAITING FOR POTENTIALLY JUST FOR THAT CASH PRICE FOR THE CHEESE AND THE BUTTER TO KIND OF FALL LOWER HERE AND THEN WERE GOING TO MISS SOME OPPORTUNITY ONCE THINGS START TO FALL APART SO THERE IS GREAT OPPORTUNITY NOW THE OVERALL MILK PRICE STILL LOOKS STRONG THE PRODUCTION ARE STRONG AND THINGS LIKE THAT BUT IT'S THE DEMAND ON THIS MARKET THE EXPORT DEMAND WHICH IS JUST KEEPING EVERYTHING RED HOT SO STILL LOOKS GOOD FOR MILK OVERALL. SO IF YOUR PRODUCER TAKES ADVANTAGE. ABSOLUTELY… OKAY THANK YOU VERY MUCH NAOMI BLOOM IS OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.
RFD PROMO:
CLINTON…TUESDAY ON AGDAY, DAY TWO OF THE 2014 PROFARMER MIDWEST CROP TOUR. WE'VE GOT COVERAGE FROM BOTH ENDS OF THE CORN BELT. PLUS STRATEGIES FOR DAIRY PRODUCERS LOOKING TO CAPITALIZE ON STRONG MILK PRICES JOIN ME 8 EASTERN ON RFD.
STATION PROMO:
CLINTON…WEDNESDAY ON AGDAY, FOLLOWING SCOUTS AS THEY MEASURE THE SIZE OF THE 2014 CROP. IT’S DAY THREE ON WHAT COULD BE A RECORD YEAR. PLUS A MAJOR WATER SOURCE OUT WEST IS HISTORICALLY LOW. WE'LL TRAVEL TO LAKE MEADE. BE SURE TO JOIN ME WEEKDAYS FOR AGDAY.
 

See Comments

RELATED TOPICS: Daily Recap

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions