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AgDay Daily Recap -February 19, 2013

February 19, 2013
 
 

TODAY ON AGDAY
FEBRUARY 19, 2013

AG OUTLOOK:

GOOD MORNING I'M CLINTON GRIFFITHS. LATER THIS WEEK, THE USDA WILL HOST MEDIA FOR ITS ANNUAL AGRICULTURAL OUTLOOK FORUM. THE GATHERING TYPICALLY SETS THE FOCUS OF ANALYSTS FOR THE YEAR.

HOGS:

IF GRAIN PRICES FALL, USDA'S LONG TERM OUTLOOK EXPECTS PORK PRODUCERS TO INCREASE FARROWINGS. BY 2015 PORK COULD CATCH BEEF IN TERMS OF ANNUAL POUNDS OF PRODUCTION. MORE PIGS ALSO MEANS A NEED FOR MORE PRODUCTIVITY. TO HELP, TODD GLEASON WITH THE UNIVERSITY OF ILLINOIS EXTENSION SAYS EXPERTS HAVE PLENTY OF IDEAS TO CONSIDER.

CROP WATCH:

AN ACTIVE WEATHER PATTERN IS EXPECTED THIS WEEK AND SUNSHINE STATE PRODUCERS ARE ALREADY CHECKING CROPS AFTER A QUICK COOL DOWN. MIKE HOFFMAN DETAILS IN THIS MORNING'S CROP WATCH.

FREE TRADE:

IN OUR DAIRY TODAY REPORT, TOP U.S. OFFICIALS SAY THEY'RE BEGINNING WORK ON A TRANS ATLANTIC TRADE AND INVESTMENT PARTNERSHIP. THE PLAN IS TO COME TO TERMS AND REMOVE TRADE BARRIERS BETWEEN THE U.S. AND E.U. THAT COULD HAVE BIG IMPLICATIONS FOR DAIRY FARMERS. DAIRY TODAY EDITOR JIM DICKRELL EXPLAINS.

SOUTH DAKOTA COWS:

THE GOVERNOR OF SOUTH DAKOTA SPENT LAST WEEK IN CALIFORNIA AT THE WORLD AG EXPO.
HE'S HOPING TO DOUBLE THE STATE'S DAIRY HERD OF 92-THOUSAND COWS. HE AND OTHER STATE OFFICIALS ARE PROMOTING SOUTH DAKOTA HOPING TO LURE MORE DAIRYS TO THE STATE. THEY SAY, SEVERAL CHEESE PLANTS ARE OR ARE PLANNING TO EXPAND AND MORE COWS ARE NEEDED TO FILL THE DEMAND.

SOY COMPLIANT:

ALSO OUT OF CALIFORNIA, DAIRY OFFICIALS IN THAT STATE ARE ASKING THE F-D-A TO CRACK DOWN ON THE USE OF THE WORD YOGURT. WESTERN UNITED DAIRYMEN FILED THE COMPLAINT WITH THE FEDS OBJECTING TO SOY, RICE AND OTHERS CALLING ITS PRODUCTS YOGURT. FDA SAYS ITS LOOKING AT THE ISSUE.

CPR SIGNUP:

AND THE USDA SAYS CRP SIGN UP WILL START MAY 20TH. THE CONSERVATION RESERVE PROGRAM CURRENTLY HAS ABOUT 27 MILLION ACRES ENROLLED. 3.3 MILLION OF THAT WILL HAVE CONTRACTS EXPIRE LATER THIS YEAR. SIGN UP CLOSES IN MID-JUNE.

TAX TIPS:

WE CONTINUE OUR LAST MINUTE TAX TIPS SERIES THIS MORNING WITH AGWEB'S FARM CPA PAUL NEIFFER. HE'S JOINING US ALL WEEK ON AGDAY. HE SAYS KIDS DOING CHORES AROUND THE FARM IS A COMMON SIGHT. PAYING THEM FOR THEIR LABOR ISN'T. NEIFFER SAYS WHETHER YOU PUT THAT MONEY INTO A COLLEGE FUND OR SOMETHING DIFFERENT, IT WILL BENEFIT YOU IN THE END.

MONSANTO IN COURT:

IN AGRIBUSINESS TODAY GLOBAL SEED GIANT, MONSANTO IS DUE AT THE U.S. SUPREME COURT. THE COUNTRY'S HIGHEST COURT IS LISTENING TO ARGUMENTS OVER PATENT RIGHTS.

ANALYSIS:

WITH SO MUCH WEATHER UNCERTAINITY, ITS LIKELY CROP INSURANCE WILL PLAY AN EVEN BIGGER ROLE THIS YEAR. PLANTING SEASON IS QUICKLY APPROACHING AND THOSE DECISIONS ARE BEING MADE NOW. AL PELL AND BOB UTTERBACK RETURNS WITH CONSIDERATIONS FOR CROP INSURANCE IN 2013.

WOOD PRODUCTS:

CHEESEMAKERS WILL TELL YOU THAT IN ORDER TO MAKE GREAT CHEESE, YOU NEED GREAT MILK, AND TO STORE THAT CHEESE, YOU NEED THE BEST PACKAGING. FOR CENTURIES CHEESEMAKERS HAVE CHOSEN TO KEEP THEIR PRODUCTS PERFECTLY PRISTINE IN WOODEN BOXES. BUT SOMEBODY HAS TO MAKE THEM. THE WISCONSIN DAIRY NEWS SHOWS US HOW DUFECK WOOD PRODUCTS HAS AND IS IMPACTING THE NATIONS CHEESE INDUSTRY.

NEVADA FOOD TAX:

IN FOOD AND YOUR FAMILY, A NEVADA LEGISLATOR SAYS THE STATE SHOULD GET MORE PEOPLE'S ATTENTION AT FAST FOOD RESTAURANTS. HIS PLAN IS TO RAISE EYEBROWS AND PRICES WITH A NEW TAX.

SLUMPING SMARTS:

AND IS THE HUMAN RACE GETTING SLOWER...MENTALLY THAT IS? STANFORD RESEARCHER AND GENETICIST GERALD CRABTREE BELIEVES WE'RE IN INTELLECTUAL DECLINE.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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