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AgDay Daily Recap -January 27, 2014

January 27, 2014
 
 

TODAY ON AGDAY

JANUARY 27, 2014

 

CANADA PEDV:

GOOD MORNING I'M CLINTON GRIFFITHS. A DISEASE THAT'S POUNDING THE U-S PORK INDUSTRY HAS NOW CROSSED THE BORDER.

CATTLE ON FEED:
CATTLE ON FEED REPORT CAME OUT FRIDAY AFTERNOON AND IT SHOWS.....INVENTORY NUMBERS TOTAL 10 POINT 6 MILLION HEAD. THAT'S FIVE PERCENT BELOW LAST YEAR--AND LAST YEAR WAS 6 PERCENT BELOW 2012. THE REPORT ALSO INDICATES SOME HERD EXPANSION---AS HEIFER AND HEIFER CALF NUMBERS WERE DOWN 8 PERCENT. PLACEMENTS WERE UP SLIGHTLY WHILE MARKETING WERE SLIGHTLY LOWER.

FARM BILL:

FARM BILL CONFEREES ARE SCHEDULED TO BE BACK AT IT TODAY. THE COMMITTEE IS EXPECTED TO EITHER HOLD A CONFERENCE MEETING OR GOP CONFEREE MEETING TO DISCUSS DETAILS OF A FARM BILL DEAL. IT'S STILL UNCERTAIN WHETHER ISSUES LIKE DAIRY AND MANDATORY COUNTRY OF ORIGIN LABELING HAVE ALREADY BEEN WORKED OUT.

PROPANE DEMAND:

SUPPLIES OF PROPANE AND PROPYLENE IN THE MIDWEST FELL BY MORE THAN A MILLION BARRELS LAST WEEK. WITH A LITTLE MORE THAN 10 MILLION THE ENERGY INFORMATION ADMINISTRATION SAYS THAT'S THE LOWEST LEVEL FOR MID-JANUARY SINCE IT STARTED KEEPING TRACK BACK IN 1993. SOME IN THE INDUSTRY ARE ALREADY PREDICTING JANUARY MAY BE THE COLDEST MONTH FOR THE LOWER 48 IN THE NEW MILLINEMUM.

COLD POULTRY PROPANE:

SOUTHERN POULTRY FARMERS ARE WORRIED ABOUT KEEPING HUNDREDS OF THOUSANDS OF CHICKENS ALIVE DURING THE COLD SNAP THAT'S SENDING TEMPERATURES INTO THE LOW 20'S AS FAR SOUTH AS ALABAMA. CHICKEN FARMER JEREMY BROWN HAS SIX POULTRY HOUSES FULL OF CHICKS TO KEEP WARM THROUGH THE FRIGID WEATHER. A DELIVERY BOTTLENECK IN THE PROPANE INDUSTRY ISN'T HELPING MATTERS.

CALIFORNIA DROUGHT:

MEANWHILE THREE HOUSE LAWMAKERS ARE INTRODUCING BILLS TO CONGRESS TO PROVIDE EMERGENCY DROUGHT RELIEF TO FOLKS IN CALIFORNINA. THE PLAN WOULD TURN ON DELTA PUMPS TO CAPTURE FUTURE RAIN EVENTS. END RESTORATION FLOWS IN THE SAN JOAQUIN RIVER FOR TWO YEARS. AND CREATE A COMMITTEE TO WORK ON A LONG TERM LEGISLATION.

CROP WATCH:

WILL THOSE HEATERS AND FURNACES GET A BREAK ANY TIME SOON? LET'S CHECK IN WITH MIKE HOFFMAN.

MILK PRODUCTION:

ON THE DAIRY SIDE OF THE AISLE, DECEMBER MILK PRODUCTION TIPPED THE SCALE AT 15 POINT 7 BILLION POUNDS. THAT'S UP JUST A LITTLE BIT FROM THE YEAR BEFORE. FOR THE YEAR THE U.S. PRODUCED ABOUT A BILLION POUNDS MORE THAN IT DID IN 2012. WARM WEATHER IN CALIFORNIA IS HELPING COWS INCREASE PRODUCTION, WHILE THE OPPOSITE IS TRUE IN WISCONSIN WHERE THE WINTER SEASON IS HOLDING DOWN PER COW PRODUCTION DOWN.

MACHINERY PETE:

MACHINERY PETE IS HERE FOR HIS REGULAR MONDAY VISIT. HE JOINS US FROM HIS HOME OFFICE IN MINNESOTA WITH A LOOK AT MANURE SPREADERS. PETE.

DOW DOWN:

THE DOW ENDED THE WEEK IN THE RED--FALLING ABOUT 200 POINTS ON FRIDAY. TRADERS SPENT THE DAY FLEEING EMERGING MARKETS ON CONCERNS ABOUT SLOWING ECONOMIC GROWTH IN CHINA AND UNREST IN ARGENTINA, THE UKRAINE AND TURKEY. INVESTORS MOVED MONEY INTO SAFE-HAVEN ASSETS INCLUDING U.S. TREASURIES AND GOLD.

ANALYSIS:

SO WHAT DOES THAT MEAN FOR THE U.S. FARM ECONOMY? WITH MORE ON THE GLOBAL SITUATION AND HOW IT RELATES AG MARKETS. FARM DIRECTOR AL PELL JOINS US FROM AGRIBUSINESS DESK.

HOG BIOFILTER:

A FAMILIAR COMPLAINT FOR THE PORK INDUSTRY IS THE CONSTANT BATTLE WITH ODOR CONTROL. THAT'S THE UN-PLEASANT SIDE EFFECT OF RAISING HOGS. IT'S DIFFICULT TO AVOID. BUT RESEARCHERS AT NUMEROUS LAND-GRANT SCHOOLS ARE CONDUCTING RESEARCH TO FIND NEW WAYS TO LIMIT THOSE EMISSIONS. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF MISSOURI, KENT FADDIS TELLS US ABOUT SOME PROMISING RESULTS FROM BIO-FILTER RESEARCH.

BERRIES AND CHOCOLATE:

DOCTORS AND NUTRITIONISTS HAVE STUDIED THE HEALTH BENEFITS OF RED AND DARK BERRIES FOR A LONG TIME. BUT NOW THEY'VE DISCOVERED THESE FRUITS CAN OFFER PROTECTION AGAINST TYPE 2 DIABETES.

MCDONALDS STRUGGLES:

MAYBE IT'S FATIGUE, THE ECONOMY OR HEALTH CONCIOUS CONSUMERS...BUT FAST FOOD GIANT MCDONALDS SAYS VISITOR NUMBERS ARE FALLING.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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