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AgDay Daily Recap -September 30, 2013

September 30, 2013
 
 

TODAY ON AGDAY

SEPTEMBER 30, 2013

 

FARM BILL EXPIRES:

TURMOIL IN WASHINGTON KEPT U.S. STOCKS AT BAY FRIDAY...ENDING THE WEEK LOWER FOR THE FIRST TIME IN FOUR. AS A NEW WEEK BEGINS ONE THING IS CERTAIN, THE 2013 FARM BILL EXTENSION WILL EXPIRE AT MIDNIGHT TONIGHT.

FEEDER CATTLE RALLY:

CORN PRICES HAVE BEEN DROPPING WHICH WORKS IN FAVOR FOR FEEDLOTS.
MARKET WATCHERS SAW A SIX-DOLLAR PER HEAD RALLY IN NOVEMBER FEEDER CATTLE PRICES LAST WEEK. OUR PARTNERS AT BEEF TODAY SAY MARKET FUNDAMENTALS GOING FORWARD SUGGEST THAT TREND WILL CONTINUE. THIS EVEN AS CATTLEMEN PREPARE TO BUY STOCKERS FOR GRAZING WINTER WHEAT IN THE SOUTHERN PLAINS.

CHECKOFF:

MEANWHILE, THERE APPEARS TO BE FEWER CHECKOFF DOLLARS IN THE COFFERS TO PROMOTE BEEF. THE CATTLEMEN'S BEEF BOARD OPERATING COMMITTEE CUT MORE THAN A MILLION DOLLARS FROM ITS 38-MILLION DOLLAR PROPOSED BUDGET. THEY SAY REVENUE IS LOWER DUE TO LOWER CATTLE NUMBERS AND SALES.

HUMANE SOCIETY:

A LAWSUIT BY THE HUMANE SOCIETY OF THE UNITED STATES OR HSUS-- AGAINST THE NATIONAL PORK CHECKOFF PROGRAM HAS BEEN DISMISSED. A FEDERAL JUDGE RULED THAT HSUS AND THE OTHER PLAINTIFFS DON'T HAVE THE LEGAL STANDING TO CHALLENGE HOW THE NATIONAL PORK BOARD SPENDS CHECKOFF DOLLARS.

CANTALOUPE ARREST:

THE OWNERS OF A COLORADO FARM ARE FACING FEDERAL CHARGES FOR THEIR ALLEGED INVOLVEMENT IN A DEADLY LISTERIA OUTBREAK LINKED TO CANTALOUPE. NOEL WAGHORN REPORTS.

TOMATO HARAVEST:

WHILE INDIANA IS KNOWN FOR ITS CORN, BEAN AND HOG PRODUCTION, IT'S ACTUALLY ONE OF THE BIGGER PLAYERS IN PROCESSED-TOMATO PRODUCTION. AND HARVEST IS NOW UNDERWAY.

CROP WATCH:

COMBINES ARE RUNNING HARD RIGHT NOW. MIKE HOFFMAN HAS DETAILS IN CROPWATCH. GOOD MORNING MIKE.

DROUGHT MONITOR:

THE U-S DROUGHT MONITOR THIS WEEK SHOWS 45-PERCENT OF THE COUNTRY IS IN MODERATE DROUGHT OR WORSE. THAT'S DOWN THREE POINTS FROM LAST WEEK.
IN THE MIDWEST, IOWA AND ILLINOIS CONDITIONS WORSENED. HOWEVER, THERE WERE BIG IMPROVEMENTS IN COLORADO, NEW MEXICO AND ARIZONA DUE TO RECORD RAINFALL.

OFF FARM INCOME:

FROM THE USDA'S ECONOMIC RESEARCH SERVICE, MOST FARMERS RECEIVE SOME OFF-FARM INCOME, WHILE SMALL-SCALE OPERATORS DEPEND ON IT.

ANALYSIS:

LIVESTOCK OWNERS HAVE NEEDED PLENTY OF INCOME TO PAY FEED COSTS THE LAST YEAR OR TWO. BUT WITH WHAT LOOKS LIKE A SOLID CROP HITTING BINS WHAT DOES IT MEAN FOR MARGINS. FARM DIRECTOR AL PELL JOINS US IN ANALYSIS THIS MORNING TO DISCUSS THE IMPACT ON DAIRY MARKETS.

APPLE RESEARCH:

AS THE NUMBER TWO APPLE PRODUCING STATE, NEW YORK STATE AG RESEARCHERS ARE ALWAYS LOOKING FOR WAYS TO IMPROVE CROP PRODUCTION.
THE ORCHARDS AT THE NEW YORK STATE AGRICULTURAL EXPERIMENT STATION ARE ESSENTIALLY A BIG LAB SPREAD OVER 50 ACRES TO DEVELOP APPLES THAT ARE TASTY FOR CONSUMERS AND HEARTY FOR FARMERS. MATT FRIEDMAN HAS DETAILS FROM THE ASSOCIATED PRESS.

SYRIA WHEAT:

U.S. WHEAT IS HELPING FEED HUNGRY SYRIANS. IT'S PART OF A HUMANITARIAN EFFORT BY THE WORLD FOOD PROGRAM

US JAPAN ORGANIC:

THE UNITED STATES AND JAPAN HAVE AGREED TO MAKE IT EASIER TO IMPORT EACH OTHER'S ORGANIC PRODUCTS.

 

 

 

 

 

 
 
  
  
      
                                
                                                        
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                
 
                                 

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