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AgDay Daily Recap -January 3, 2014

January 3, 2014
 
 

TODAY ON AGDAY

JANUARY 3, 2014

 

FARM BILL:

GOOD MORNING I'M CLINTON GRIFFITHS. ANOTHER YEAR, ANOTHER RUN AT WRITING A NEW FIVE YEAR FARM BILL. WILL IT GET DONE IN 2014?

SUPPLY MANAGEMENT:

IN OUR DAIRY TODAY REPORT, FOLLOWING ON THAT FARM BILL DISCUSSION, JIM WEISMEYER SAYS THERE WILL BE A NEW DAIRY SAFETY NET BUT IT LIKELY WON'T INCLUDE ANY SUPPLY MANAGEMENT LANGUAGE. THE SENATE'S VERSION OF THE FARM BILL INCLUDES POTENTIAL PRODUCTION CONTROLS IF A PRODUCER OPTS TO SIGN UP FOR MARGIN PROTECTION.  WEISMEYER SAYS HOUSE SPEAKER JOHN BOEHNER HAS BEEN AGAINST THE PROGRAM FROM THE START AND WILL LIKELY GET HIS WAY IN A FINAL BILL.

PRODUCTION PRICES:

USDA RELEASED IT'S LATEST MILK PRICE NUMBERS FOR DECEMBER. THE U.S. ALL MILK PRICE CHECKED IN AT 21-80 PER HUNDRED...A FULL DOLLAR HIGHER THAN A YEAR AGO. CALIFORNIA'S PRICE WERE NEARLY 2 DOLLARS HIGHER.

CROP WATCH:

WINTER HAS MOVED IN ACROSS THE COUNTRY. FROM FRIGID TEMPERATURES, TO SNOW, EVEN ICE--ALL MAKING ITS WAY INTO THE LOWER 48. AGDAY METEOROLOGIST CINDY CLAWSON IS IN FOR MIKE HOFFMAN TODAY, SHE JOINS US FOR TODAY CROPWATCH.

HIGH CASH RENTS:

THANKS MIKE, WHILE ONE FARMER THERE IS HOLDING OUT HOPE FOR LOWER CASH RENTS--ECONOMISTS IN MIDDLE AMERICA SAY THEY EXPECT RENTS TO REMAIN HIGH IN 2014. THAT'S GOING TO PUT THE SQUEEZE ON FARMERS IN THE NEW YEAR. UNIVERSITY OF ILLINOIS FARM ECONOMIST GARY SCHNITKEY SAYS--IF YOU TAKE NORTHERN ILLINOIS AS AN EXAMPLE--GROWING CORN IN 2013 PENCILED OUT TO AN 81 DOLLAR AN ACRE LOSS--COMPARED TO A NET GAIN OF 188 DOLLARS AN ACRE IN 2012 AND 251 IN 2011.

CRP ACRES:

NEW ESTIMATES OUT REGARDING THE CONSERVATION RESERVE PROGRAM SHOW ROUGHLY ONE POINT 6 MILLION ACRES OF GRASSLAND WERE PULLED OUT IN 2013. THE DECLINE IS LIKELY RELATED TO CUTS IN THE CONSERVATION PROGRAM BUDGET.

EXCEED THE SEED:

RESEARCH AND DEVELOPMENT IS SOMETHING THAT TAKES YEARS TO PERFECT IN SEED TECHNOLOGY. BUT WHEN RESEARCHERS DON'T HAVE YEARS, THEY LOOK AT FARMING PRACTICES TO HELP MEET THEIR GOALS. THAT'S THE CASE FOR ONE GLOBAL RESEARCHER WHO THINKS SEED IS THE ANSWER TO MEETING HUNGER CHALLENGES ACROSS THE GLOBE.

TRAIN DERAILS:

THAT WAS THE SCENE MONDAY SHORTLY AFTER A MILE-LONG TRAIN CARRYING CRUDE OIL DERAILED AND EXPLODED, IN SOUTHEASTERN NORTH DAKOTA AFTER COLLIDING WITH ANOTHER TRAIN. THE COLLISION TRIGGERED A "GIANT FIREBALL". RESIDENTS IN THE TOWN OF CASSELTON WERE ASKED TO EVACUATE TO FARGO. FEDERAL INVESTIGATORS IN NORTH DAKOTA SAY THEY FOUND A BROKEN AXLE AT THE SCENE.  AUTHORITIES SAY THEY AREN'T SURE IF THE BROKEN AXLE CAUSED THE DERAILMENT OR IF IT WAS BROKEN DURING.

THEY DO SAY THE TRACKS AND SIGNALS APPEAR TO BE PROPER WORKING ORDER.

ANALYSIS:

GRAIN MARKETS HAD A ROUGH START TO THE NEW YEAR DROPPING ACROSS THE BOARD.

SOYBEANS FELL NEARLY 30 CENTS. WHILE QUESTIONS SWIRL ABOUT WHETHER DEMAND IS STRONG ENOUGH TO MAINTAIN EVEN THESE LOWER PRICES, NOT EVERY ONE IS A BEAR.

NATIONAL REPORTER TYNE MORGAN IS BACK WITH ONE TRADER STILL HOLDING OUT HOPE FOR A SPRING RALLY.

IN THE COUNTRY:

WISCONSIN HAS MADE A NAME FOR ITSELF SELLING DAIRY PRODUCTS. BUT YOU DON'T GET GREAT GOODS WITHOUT HEALTHY COWS. IN OUR ON-GOING SERIES, VETS ON CALL, WE MEET A VETERINARIAN DEADICATED TO HEARD HEALTHY.

VITAMIN E:

IN FOOD AND YOUR FAMILY, IF YOU'VE EVER HAD A LOVED ONE SUFFER FROM ALZHEIMER'S DISEASE, YOU KNOW HOW DIFFICULT AND EXHAUSTING IT CAN BE. A NEW STUDY SHOWS A CERTAIN VITAMIN COULD HELP SLOW THE EFFECTS.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

CONTACT:
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