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AgDay Daily Recap -March 21, 2013

March 21, 2013
 
 

TODAY ON AGDAY

MARCH 21, 2013

 

SEQUESTER CUTS:

GOOD MORNING I'M CLINTON GRIFFITHS. DETAILS CONTINUE TO ROLL OUT REGARDING THE IMPACTS OF WASHINGTON'S SEQUESTRATION CUTS. AND NOW IT LOOKS LIKE FARMERS PAYMENTS ARE NEXT IN LINE.

FSIS AMENDMENT:

AND SPEAKING OF THOSE MEAT INSPECTOR FURLOUGHS. IT MIGHT NOT HAPPEN AFTERALL.
BY VOICE VOTE, THE SENATE APPROVED AN AMENDMENT TO A SPENDING BILL TO KEEP THE INSPECTORS OPERATING. THE AMENDMENT TRANSFERS 55 MILLION DOLLARS IN USDA FUNDS IN ORDER TO KEEP WORKERS ON THE JOB.

MILK PRODUCTION:

THE LATEST USDA MILK NUMBERS REVEALED A BIT OF A SURPRISE - A REDUCTION IN PRODUCTION, ESPECIALLY IN THE TOP MILK PRODUCING STATE.

NEW MEXICO HORSE SLAUGHTER:

A NEW MEXICO BUSINESS, VALLEY MEAT COMPANY NEAR ROSWELL, SAYS THEY'RE PLANNING TO OPEN THE NATIONS FIRST HORSE SLAUGHTERHOUSE. IT WOULD BE THE FIRST TO PROCESS HORSES SINCE 2007 WHEN CONGRESS SHUT OFF FUNDING FOR INSPECTORS. THE OWNER SAYS HE THINKS VALLEY MEAT WILL EVENTUALLY EMPLOY ABOUT 100 PEOPLE. BY THE WAY MIKE, EXPORTS OF LIVE HORSES ARE UP SIX TIMES WHAT IT WAS A DECADE AGO.

DEALING WITH DROUGHT:

THE DROUGHT OF 2012 LED NATIONAL NEWS HEADLINES AND HAUNTED FARMERS ACROSS THE U-S. IN OUR CONTINUING "DEALING WITH DROUGHT" SERIES, NATIONAL REPORTER TYNE MORGAN GIVES US A GLIMPSE INTO THE WEIGHING AFFECTS ON LIVESTOCK PRODUCTION.

CROP WATCH:

SPRING HAS SPRUNG, BUT WINTER ISN'T GIVING-UP. METEOROLOGIST MIKE HOFFMAN HAS DETAILS FROM THE AGDAY WEATHER-CENTER.

FARM LENDING:

IN AGRIBUSINESS TODAY - ACCORDING TO THE AMERICAN BANKERS ASSOCIATION--U.S. AG BANKS INCREASED FARM AND RANCH LENDING BY ROUGHLY 14% LAST YEAR. THOSE INSTITUTIONS NOW HOLD NEARLY 82 BILLION DOLLARS IN PAPER. AG LENDERS ALSO HIRED SOME 36-HUNDRED NEW EMPLOYEES.

WORLD WHEAT CROP:

WORLD WIDE--WHEAT GROWERS ARE POISED FOR A NEAR RECORD CROP. CURRENT ESTIMATES SHOW IT MAY BE THE SECOND LARGEST EVER. A NEW U-N REPORT EXPECTS PRODUCTION TO BE 4% HIGHER TO 690 MILLION METRIC TONS. ANALYSTS ARE ALREADY ANTICIPATING PRICES IN CHICAGO TO FALL INTO THE SIX DOLLAR RANGE BY THE END OF 2013.

ANALYSIS:

THE DOW HAS BEEN TRADING ABOVE THE 14-THOUSAND POINT MARK FOR A COUPLE OF WEEKS NOW, INDICATING MARKET CONFIDENCE. ON THE OTHER HAND, THE NUMBER OF AMERICANS ON FOOD-STAMPS ARE ALSO AT A RECORD LEVEL. IN ANALYSIS, FARM DIRECTOR AL PELL HAS MORE ON THE 'TRUE STORY' OF TWO ECONOMIES.

TIGER ARTHRITIS:

TACOMA THE SIBERIAN TIGER IS THE RIPE OLD AGE OF 13 AND HIS GOLDEN YEARS HAVE BEEN PAINFUL. THE BIG CAT HAS DEBILITATING ARTHRITIS AND WALKS WITH A BAD LIMP.
BUT, HIS CARETAKERS GAVE THE CAT A GROUNDBREAKING SURGERY TO RELIEVE THE ACHES. JOHN MONE FROM THE ASSOCIATED PRESS HAS OUR STORY ABOUT THIS TEXAS TIGER TREATMENT.

SUNTAVA PURPLE CORN:

PURPLE FOODS ARE ALL THE RAGE THESE DAYS. FROM BLUE BERRIES, TO PURPLE POTATOES EVEN PURPLE CARROTS ARE ALL BEING RECOGNIZED FOR THEIR PHYTONUTRIENT VALUE. WELL ADD PURPLE CORN TO THAT LIST.

HONEY PRICES:

JUST LIKE GRAIN PRICES, A SHORT "CROP" OF HONEY IS RESULTING IN HIGHER PRICES. THE AG DEPARTMENT SAYS HONEY PRICES INCREASED TO A RECORD HIGH LAST YEAR 195 CENTS A POUND. THAT'S NEARLY 20-CENTS A POUND HIGHER. YIELD PER BEE COLONY WAS DOWN 6% FROM A YEAR AGO. BUT THE NUMBER OF COLONIES WAS UP 5%.

 

 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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