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AgDay Daily Recap -September 9, 2013

September 9, 2013
 
 

TODAY ON AGDAY

SEPTEMBER 9, 2013

 

CALIFORNIA WORKERS

GOOD MORNING I'M CLINTON GRIFFITHS. CONGRESS RETURNS TO WASHINGTON THIS WEEK. AND THERE'S NO SHORTAGE OF PRESSING ISSUES TO DISCUSS.

CALIFORNIA AG RECORD

THANKS TYNE, CALIFORNIA AGRICULTURE IS BIG BUSINESS. THE GOLDEN STATE JUST SET A NEW PRODUCTION RECORD. USDA DATA SHOWS FARMS AND RANCHES HAD REVENUES OF MORE THAN 44 AND HALF BILLION DOLLARS. CALIFORNIA REMAINS THE NATON'S LARGEST AG STATE, FOLLOWED BY IOWA AND NEBRASKA.

CROP WATCH:

FROM PEANUTS TO POTATOES, FARMERS ARE CLOSE TO HARVEST. MIKE HOFFMAN HAS DETAILS FROM THE AGDAY WEATHER CENTER.

POULTRY OUTLOOK:

RABOBANK JUST RELEASED A NEW GLOBAL REPORT FOR THE POULTRY INDUSTRY. THE BANK EXPECTS AN IMPROVING OUTLOOK FOR POULTRY PRODUCERS. THE BIGGEST REASON IS THE EXPECTED DROP IN GRAIN AND OILSEED PRICES--WHICH SHOULD RELIEVE SOME COST PRESSURE FOR EVERYONE INVOLVED.

MISSOURI POULTRY:

NOT MANY PEOPLE CAN PROBABLY SAY THEY KNEW IN FIRST GRADE WHAT CAREER PATH THEY WOULD TAKE. BUT THE STANTON BROTHERS OF CENTRALIA MISSOURI KNEW EARLY-ON THAT POULTRY WAS THEIR PASSION.
IT STEMS FROM A MISSOURI-EXTENSION FOUR-H PROJECT INVOLVING NEWLY HATCHED HENS. NOW THESE YOUNG MEN - ONE IN HIGH SCHOOL AND ONE IN COLLEGE - ARE ALREADY MAKING A NAME FOR THEMSELVES IN THE POULTRY BUSINESS.
SHANNON YOKLEY WITH UNIVERSITY OF MISSOURI EXTENSION HAS MORE ON THEIR SUCCESS.

JOBS:

BY THE NUMBERS, 169-THOUSAND JOBS WERE CREATED IN AUGUST. THAT'S WELL BELOW ANALYSTS EXPECTATIONS. JUNE AND JULY NUMBERS WERE ALSO REVISED DOWNWARD. ON THE POSITIVE SIDE, THE UNEMPLOYMENT RATE DROPPED TO 7 POINT 3 PERCENT. BUT MUCH OF THAT CAN BE ATTRIBUTED TO DECLINING WORKFORCE PARTICIPATION. IT'S NOW AT ITS LOWEST LEVEL SINCE AUGUST 1978.

SMITHFIELD FOODS:

U.S. PORK PRODUCER SMITHFIELD FOODS IS REPORTING A DIFFICULT QUARTER. IT SAYS PROFITS ARE DOWN 36 PERCENT COMPARED TO THE QUARTER A YEAR AGO. THE COMPANY SAYS HIGHER HOG COSTS AND A SHARP DECLINE IN KEY EXPORTS MARKETS TO BLAME. SMITHFIELD FOODS RECENTLY AGREED TO A 4 POINT 7 BILLION DOLLAR BUYOUT BY CHINA'S SHUNG-WAY INTERNATIONAL HOLDINGS. THAT DEAL IS STILL WAITING ON U.S. GOVERNMENTAL APPROVAL. IF GIVEN THE GO AHEAD, IT WOULD BE THE LARGEST CHINESE ACQUISITION OF A U.S. COMPANY EVER.

ANALYSIS:

LIVESTOCK PRODUCERS MAY NOT GET THE PRICE RELIEF THEY HOPED FOR. CROP CONDITIONS CONTINUE DECLINE ACROSS LARGE SWATHS OF THE COUNTRY. FARM DIRECTOR AL PELL HAS MORE FROM THE AGRIBUSINESS DESK.

KIDS AND BUGS

 IT WAS BILLED AS A FAMILY-FRIENDLY NIGHT OF INSECTS, SPIDERS, AND SCIENCE.  THE UNIVERSITY OF KENTUCKY ENTOMOLOGY DEPARTMENT HOSTED THE "CREEPY CRAWLY" EVENT AT A NEARBY ARBORETUM. THEY USED GAMES AND ACTIVITIES TO TEACH THE IMPORTANCE OF INSECTS IN OUR SURROUNDINGS. THROUGH THE LENS OF HIS CAMERA JEFF FRANKLIN FROM THE UK COLLEGE OF AGRICULTURE GIVES US A KIDS-EYE VIEW OF THE INSECT SAFARI.

CHOBANI RECALL:

IN FOOD AND YOUR FAMILY - THE FOUNDER OF CHOBANI GREEK YOGURT HAS ISSUED A VERY PUBLIC APOLOGY TO THE COMPANY'S CUSTOMERS. AS YOU MAY KNOW, THERE'S A RECALL OF THE POPULAR GREEK YOGURT AFTER SOME OF THE SINGLE-SERVING CONTAINERS WERE SWELLING. THE COMPANY AND F-D-A SAY THE CONTAINER-BLOATING IS DUE TO MOLD CONTAMINATION.

ARSENIC RICE:

THE FOOD AND DRUG ADMINISTRATION SAYS CONSUMERS SHOULD NOT WORRY ABOUT THE AMOUNT OF ARSENIC FOUND IN RICE. THE AGENCY JUST WRAPPED-UP A STUDY OF ARSENIC ON 13-HUNDRED SAMPLES OF RICE AND RICE PRODUCTS. F-D-A SAYS THIS IS THE LARGEST STUDY TO DATE ON THIS IMPORTANT FOOD STAPLE. ARSENIC IN RICE IS NOT NEW. IT'S A NATURALLY OCCURING ELEMENT FOUND IN SOIL. IT CAN BE PASSED INTO RICE FROM THE WATER WHERE RICE IS GROWN. THE F-D-A SAYS AMOUNTS ARE SO SMALL THAT RICE IS SAFE TO EAT. BUT THE AGENCY SAYS IT WILL CONTINUE TO STUDY THE LONG-TERM EFFECTS OF CONSUMING RICE. THEY FOUND MORE ARSENIC IN BROWN RICE, THAN IN INSTANT RICE.

WALNUT PRODUCTION:

IT'S SHAPING UP TO BE ANOTHER GOOD YEAR FOR WALNUT GROWERS IN CALIFORNIA.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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