AgDay Daily Recap -January 20, 2014

January 20, 2014 01:57 AM
 

TODAY ON AGDAY

JANUARY 20, 2014

 

DAIRY PROVISION:

GOOD MORNING I'M CLINTON GRIFFITHS. THE FARM BILL MOVES CLOSER TO THE FINISH LINE AFTER A MAJOR PROVISION INVOLVING MILK WAS "DUMPED" FROM CONSIDERATION. ON THURSDAY THE NATIONAL MILK PRODUCERS FEDERATION SAID PASSAGE OF THE FARM BILL WAS UNLIKELY BECAUSE OF THEIR SUPPLY MANAGEMENT PROVISION WHICH N-M-P-F HELPED AUTHOR. THAT PROVISION WOULD REQUIRE DAIRYMEN TO LIMIT MILK PRODUCTION IF SUPPLIES GOT TOO HIGH. BECAUSE OF PUSH-BACK FROM HOUSE SPEAKER JOHN BOEHNER, N-M-P-F SAYS ANOTHER PLAN IS NEEDED.

CATTLE PRICES:

AS OF NOON: 140.27 UP 12 ON FEB LIVE CATTLE JAN FEEDERERS 169.77 DOWN .02 THURSDAY INFO: ANOTHER ROUND OF RECORD WHOLESALE AND CASH PRICES PUSHED CHICAGO MERCANTILE EXCHANGE LIVE AND FEEDER CATTLE FUTURES TO NEW ALL-TIME HIGHS THURSDAY. FEBRUARY LIVE ENDED THE SESSION AT $140.15, HITTING A HIGH OF $141 AND ACTUALLY SETTLING NEAR THE SESSION'S LOW, AND SOON-TO-EXPIRE JANUARY FEEDERS CLOSED AT $169.80, TOPPING OUT AT $170.15.

IMMIGRATION REFORM:

ALSO IN WASHINGTON CONVERSATIONS HAVE GONE RATHER QUIET ON THE IMMIGRATION REFORM FRONT, BUT A STATEMENT FROM THE PRESIDENT LAST WEEK REVIVED HOPE. ACCORDING TO THE HILL DOT COM, PRESIDENT OBAMA TOLD SENATE DEMOCRATS HE EXPECTS HOUSE SPEAKER JOHN BOEHNER TO PASS IMMIGRATION REFORM THIS YEAR. NATIONAL REPORTER TYNE MORGAN TALKED WITH POLICY LEADERS OF THE AMERICAN FARM BUREAU ABOUT THE LIKELY OUTCOME THIS YEAR.

CALIFORNIA DROUGHT:

 IT'S MORE THAN JUST LABOR WEIGHING ON THE MIND OF CALIFORNIA FARMERS. CALIFORNIA GOVERNOR JERRY BROWN HAS DECLARED A DROUGHT EMERGENCY FOR THE STATE. THIS WILL ALLOW PRESIDENT OBAMA TO MAKE A BROAD EMERGENCY DECLARATION, WHICH WOULD PROVIDE FINANCIAL HELP. BROWN TOLD REPORTERS IT'S THE WORST DROUGHT THE STATE HAS EVER SEEN SINCE RECORDS BEGAN BEING KEPT ABOUT 100 YEARS AGO. THE GOVERNOR ASKED CITIZENS TO DO THEIR PART BY VOLUNTARILY REDUCING WATER USE BY 20 PERCENT IN ALL AREAS.  AS YOU CAN SEE FROM THE LATEST DROUGHT MONITOR, THE DRY CONDITIONS JUST CONTINUE TO EXPAND ACROSS THE STATE.

CROP WATCH:

NOW LET'S CHECK IN WITH METEOROLIGIST MIKE HOFFMAN FOR CROPWATCH.

MACHINERY PETE:

TIME NOW FOR OUR MONDAY VISIT FROM MACHINERY PETE. GREG PETERSON JOINS US FROM HIS HOME OFFICE IN MINNESOTA WITH A LOOK AT FOUR WHEEL DRIVE TRACTORS AND THEIR ABILITY TO HOLD-ONTO THEIR VALUE.

ANALYSIS:

EARLIER IN THE SHOW WE TALKED ABOUT THE POSSIBLY CHANGES IN DAIRY POLICY. THIS MORNING AL PELL TALKS TO AN ANALYST TO SEE WHAT IMPACT THIS COULD HAVE ON PRICES.
CALIFORNIA GRAPES:

WHEN YOU TALK ABOUT CALIFORNIA GRAPES, YOU MIGHT AUTOMATICALLY THINK ABOUT GRAPES GROWN FOR WINE. BUT THE STATE ALSO HAS A HUGE TABLE GRAPE SECTOR. IN FACT, THE GOLDEN STATE PROVIDES JUST ABOUT EVERY TABLE GRAPE IN THIS COUNTRY. IN THIS REPORT FROM CALIFORNIA BOUNTIFUL TV, TRACY SELLERS VISITS ONE FARM WITH A LONG HISTORY OF GROWING GRAPES.

GOOGLE CONTACTS:

WHEN YOU TALK ABOUT CALIFORNIA GRAPES, YOU MIGHT AUTOMATICALLY THINK ABOUT GRAPES GROWN FOR WINE. BUT THE STATE ALSO HAS A HUGE TABLE GRAPE SECTOR. IN FACT, THE GOLDEN STATE PROVIDES JUST ABOUT EVERY TABLE GRAPE IN THIS COUNTRY. IN THIS REPORT FROM CALIFORNIA BOUNTIFUL TV, TRACY SELLERS VISITS ONE FARM WITH A LONG HISTORY OF GROWING GRAPES.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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