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AgDay Daily Recap -June 10, 2013

June 10, 2013
 
 

TODAY ON AGDAY

JUNE 10, 2013

 

CANADA:

GOOD MORNING I'M CLINTON GRIFFITHS. CANADA IS NOT HAPPY WITH THE US PLAN FOR COUNTRY OF ORIGIN LABELING. NOW ITS THREATENING TO RETALIATE.

PORK:

DIERKS SAYS IF TARIFFS ARE PUT INTO PLACE, TWO KEY TRADING PARTNERS COULD GO TO OTHER COUNTRIES TO SOURCE PORK PRODUCTS. FEED PRICES AND PORK DEMAND WERE ALSO HOT TOPICS DURING THIS YEAR'S WORLD PORK EXPO IN DES MOINES, IOWA. PROJECTIONS OF A GOOD CROP QUICKLY TRANSLATED INTO TALKS OF FOUR DOLLAR CORN THIS YEAR.  BUT AS AGDAY NATIONAL REPORTER TYNE MORGAN TELLS US, FEED CONCERNS ARE SURFACING ONCE AGAIN.

CROP WATCH:

MIKE'S TAKING A FEW DAYS OFF. CHUCK HEAVER FROM AGDAY AFFILIATE WNDU-TV IN SOUTH BEND, INDIANA IS FILLING IN FOR MIKE. GOOD MORNING CHUCK.

UPDATE:

WE HAVE AN UPDATE THIS MORNING ON A WATER RIGHTS BATTLE IN TEXAS. A DISTRICT COURT JUDGE RULED IN FAVOR OF THE TEXAS FARM BUREAU IN ITS LAWSUIT FILED AGAINST THE TEXAS COMMISSION ON ENVIRONMENTAL QUALITY.

NICARAGUA CANAL:

THE PANAMA CANAL COULD SOON SEE COMPETITION. ACCORDING TO REPORTS, NICARAGUA IS CONSIDERING ALLOWING A CHINESE COMPANY THE RIGHTS TO BUILD AN ALTERNATIVE TO THE PANAMA CANAL. THE 40 BILLION DOLLAR PROJECT COULD BE A GAME CHANGER IN GLOBAL SHIPPING CHANNELS. ITS EXPECTED TO BE WIDER AND HIGHER CAPACITY THAN THE PANAMA CANAL--WHICH IS CURRENTLY IN THE PROCESS OF BEING WIDENED.

CHINEASE PORK IMPORTS:

BEFORE THE ANNOUNCED PURCHASE OF SMITHFIELD FOODS BY CHINA-BASED SCHUANGHUI INTERNATIONAL, CHINESE IMPORTS OF US PORK HAVE SEEN A DECLINE. SMITHFIELD IS THE WORLD'S LARGEST HOG FARMER AND PROCESSOR. ANALYSTS THINK THE TAKEOVER OF SMITHFIELD WILL MEAN MORE PORK TO CHINA. HOWEVER, U-S PORK HAD TO COMPETE WITH CHINA'S DOMESTIC SUPPLIES IN APRIL. NEW NUMBERS FROM U-S MEAT EXPORT SHOW MONTHLY TOTALS OF PORK EXPORTS TO CHINA TUMBLED BY NEARLY 20-PERCENT FROM A YEAR AGO. IN APRIL, CHINA BOUGHT ABOUT 26-THOUSAND TONNES. A YEAR PRIOR, IT WAS 32-THOUSAND TONNES.

ANALYSIS:

NOT EVERYONE IS BEARISH ON THE SMITHFIELD ACQUISITION. IN TODAY'S ANALYSIS, TYNE MORGAN TALKS TO STEVE MEYER, PRESIDENT OF PARAGON ECONOMICS, TO HOW THIS CHINESE PURCHASE COULD WIDEN TRADE OPPORTUNITIES EVEN MORE.

4H CAREERS:

IT'S NEVER TOO EARLY FOR A YOUNGSTER TO THINK ABOUT WHAT THEY WANT TO DO WITH THEIR LIFE. THAT'S THE MESSAGE TO TENNESSEE 4-H'ERS IN ONE COMMUNITY WHO LEARN ABOUT POTENTIAL CAREERS AND HOW TO EARN THAT POSITION. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF TENNESSEE, CHUCK DENNEY TAKES US TO A CAREER DAY - WHERE KIDS ASK QUESTIONS OF THE PEOPLE ALREADY DOING FULFILLING WORK.

CONNECTICUT LABELING:

IN FOOD AND YOUR FAMILY, G-M-O FOOD LABELING MADE ITS WAY THROUGH THE CONNECTICUT LEGISLATURE, MARKING UP A 'WIN' FOR FOOD LABELING ADVOCATES.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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