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AgDay Daily Recap -January 24, 2013

January 24, 2013
 
 

TODAY ON AGDAY
JANUARY 24, 2013

COLD WHEAT:

GOOD MORNING I'M CLINTON GRIFFITHS. WEATHER EXTREMES ARE TOUGH AND CROPS AND CATTLE ALIKE.

FSA SIGNUP:

USDA SAYS FARMERS NEED TO MARK THEIR CALENDARS FOR FEBRUARY 19TH. THAT'S WHEN THE FARM SERVICE AGENCY WILL BEGIN SIGN-UPS FOR THE DIRECT AND COUNTER-CYCLICAL PAYMENT PROGRAM AND THE AVERAGE CROP REVENUE ELECTION PROGRAM. THE PROGRAMS WERE EXTENDED AS PART OF THE FARM BILL EXTENSION. THE PROVISIONS ARE GENERALLY THE SAME AS IN 2012. HOWEVER ELIGIBLE PARTICIPANTS MAY CHOOSE TO ENROLL IN EITHER DCP OR ACRE FOR THE 2013 CROP YEAR. THE DCP SIGN-UP WILL END ON AUGUST 2ND. THE ACRE SIGN-UP WILL END ON JUNE 3RD.

FARM BILL:

THE HOUSE AG COMMITTEE MET FORMALLY WEDNESDAY. THAT'S GOOD NEWS FOR FARMERS HOPING TO SEE A NEW FARM BILL. BECAUSE CONGRESS DIDN'T FINISH ITS WORK IN 2012, FARMERS WILL BE OPERATING UNDER MOSTLY THE SAME POLICIES THEY HAVE BEEN WORKING FROM SINCE 2008. LSU AGCENTER CORRESPONDENT TOBIE BLANCHARD HAS THE STORY.

CROP WATCH:

IT'S COLD AND IT'S DRY. NOT A GOOD COMBINATION. MIKE HOFFMAN JOINS US FROM THE AGDAY WEATHERCENTER FOR CROPWATCH.

PEANUTS:

NEAR PERFECT WEATHER CONDITIONS HELPED GENERATE A BIG PEANUT CROP. NOW THE QUESTION IS - WILL THAT IMPACT HOW MANY ACRES GET PLANTED THIS YEAR.

BEEF TODAY:

USDA WILL RELEASE THE MONTHLY CATTLE ON FEED REPORT TOMORROW AND IT COULD REFLECT THE OVERALL DRY WINTERS' IMPACT ON GRAZING LAND. BEFORE THE REPORT, SOME ANALYSTS ARE EXPECTING THE AG DEPARTMENT TO SHOW A LARGER NUMBER OF FEEDERS ADDED TO THE NATION'S FEEDLOTS. FOR SIX MONTHS NOW, THE REPORT HAS SHOWN PLACEMENTS AT LOWER LEVELS THAN THE PREVIOUS YEAR. LOW MOISTURE LEVELS THIS FALL AND WINTER HAS LEFT WHEAT PASTURES IN POOR SHAPE. RANCHERS HAVE BEEN MOVING MORE OF THE YOUNG CATTLE INTO FEEDYARDS SOONER. THAT REPORT COMES OUT AT THREE O'CLOCK EASTERN.

DEAN FOODS:

WE HAVE UPDATE INVOLVING A LAWSUIT BROUGHT AGAINST DEAN FOODS AND DAIRY FOODS OF AMERICA. THEY WERE ACCUSED IN 2007 OF CONSPIRING TO FIX RAW MILK PRICES. D-F-A HAS NOW AGREED TO PAY 158-MILLION DOLLARS TO SETTLE THE CASE. DEAN FOODS SETTLED LAST SUMMER FOR 140-MILLION DOLLARS. THE SETTLEMENT CAME JUST AS A CLASS ACTION LAWSUIT WAS SET TO GO TO TRIAL. D-F-A SAYS IT WILL MAKE NO ADMISSION OF WRONGDOING.

SURVEY:

IN AGRIBUSINESS TODAY - THE C-M-E GROUP WANTS TO KNOW WHAT YOU THINK ABOUT THEIR EXPANDED TRADING HOURS FOR GRAIN AND OILSEED FUTURES. AS YOU MAY KNOW, THE EXCHANGE EXTENDED ITS TRADING DAY TO 21 HOURS. NOW THE CME GROUP IS REVISITING THE TOPIC, ASKING FOR FEEDBACK FROM TRADERS, THE GRAIN INDUSTRY AND FARMERS. THERE'S AN ON-LINE SURVEY ON THE CME WEBSITE THROUGH JANUARY 31ST. OUR PARTNERS AT PROFARMER NEWSLETTER SAY THERE ARE VERY FEW PEOPLE IN THE INDUSTRY WHO LIKE THE LONGER TRADING DAY.

ANALYSIS:

SENATE MAJORITY LEADER HARRY REID SAYS SENATE DEMOCRATS WILL SUPPORT A HOUSE REPUBLICAN BILL EXTENDING THE GOVERNMENT'S ABILITY TO BORROW FOR FOUR MONTHS, OTHERWISE KNOWN AS RAISING THE DEBT CEILING. THE BILL COULD GET TO THE PRESIDENT BEFORE THE END OF THIS WEEK. SOME ECONOMISTS SAY THIS IS AN EVEN MORE PRESSING ISSUE THAN THE FISCAL CLIFF. IN THIS MORNING'S ANALYSIS, TYNE MORGAN TAKES US TO SUNNY - AND WARM - SOUTHERN FLORIDA WHERE SHE SPENT LAST WEEK AT A SPECIAL SYMPOSIUM FOR GROWERS.

PET CANCER CLINIC:

MOST PET OWNERS UNDERSTAND HOW MUCH ENJOYMENT CATS AND DOGS BRING TO THEIR LIVES. AND THERE'S PLENTY OF RESEARCH OUT THERE TO SHOW HOW PETS CAN ACTUALLY HAVE A HEALTH BENEFIT. USUALLY IT'S ASSOCIATED WITH LOWERING YOUR BLOOD PRESSURE.
BUT THE PET-BENEFITS MAY GO MUCH FURTHER. RESEARCH IS UNDERWAY IN AUSTRALIA TO HELP CURE CANCER IN DOGS AND CATS. AND THE PAYOFF MAY EVENTUALLY HELP PET-MASTERS.

JOLLY TIME POPCORN:

IN FOOD AND YOUR FAMILY, NOTHING SAYS FAMILY BETTER THAN BOARD GAMES AND POPCORN. ONE FOOD COMPANY IS TRYING PUT THE TWO TOGETHER.

FOOD FRAUD:

U.S. FOOD FRAUD DETECTIVES SAY THE AMOUNT OF FAUX FOOD HIDING IN PLAIN SITE IS UP BY 60 PERCENT THIS YEAR. THE RESEARCH COMES FROM A NON PROFIT LAB IN MARYLAND CALLED THE U.S. PHARMACOPEIAL CONVENTION. THEY TOLD ABC NEWS THAT CONSUMERS SHOULD BE WARRY OF FAKES SHOWING UP ON SUPERMARKET SHELVES. POMEGRANATE JUICE TOPS THE LIST, IT'S OFTEN DILUTED WITH GRAPE OR PEAR JUICE. OLIVE OIL IS BEING DILUTED WITH CHEAPER OILS, LEMON JUICE WITH WATER AND SUGAR AND TEA PACKED WITH FILLERS LIKE LAWN GRASS OR FERN LEAVES. MILK, HONEY, COFFEE AND SEAFOOD ARE ALSO TARGETS OF FOOD FAKERS.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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