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AgDay Daily Recap -February 4, 2013

February 4, 2013
 
 

TODAY ON AGDAY
FEBRUARY 4, 2013

CATTLE INVENTORY:

GOOD MORNING I'M CLINTON GRIFFITHS. THE NATION'S CATTLE HERD CONTINUES TO SHRINK. THE BIGGEST IMPACT IS TO COW AND HEIFERS.

ENERGY SECRETARY DEPARTS:

IN THE REVOLVING DOOR OF THE PRESIDENT'S CABINET, ANOTHER MEMBER OF HIS ORIGINAL TEAM WILL NOT BE AROUND FOR A SECOND TERM. ENERGY SECRETARY STEVEN CHU ANNOUNCED FRIDAY THAT HE HAS OFFERED HIS RESIGNATION TO PRESIDENT OBAMA. CHU WAS CRITICIZED FOR HIS HANDLING OF A HALF BILLION DOLLAR FEDERAL LOAN TO SOLYNDRA. THE SOLAR-PANEL-MAKER LATER WENT BANKRUPT. OF THE 16 SITTING MEMBERS OF THE PRESIDENT'S CABINET WHEN HE WON RE-ELECTION, ONLY SIX REMAIN.

CHANGE IN WASHINGTON:

CABINET CHANGES ARE COMMONPLACE AFTER AN ELECTION. BUT WE'VE ALSO SEEN SEVERAL VETERAN SENATORS ANNOUNCING THEIR PLANS TO LEAVE WASHINGTON.
LAST WEEK IOWA SENATOR TOM HARKIN SAID HE WAS NOT RUNNING FOR RE-ELECTION.
WITH SO MANY CHANGES AND RESIGNATIONS ANNOUNCED IN WASHINGTON RECENTLY, COULD THIS BE A SIGN OF FRUSTRATION IN OUR NATION'S CAPITAL?

RURAL RELAVANCE:

NOW IN HIS SECOND TERM, AGRICULTURE SECRETARY TOM VILSACK HAS TAKEN SOME CRITICISM FOR PUBLICALLY SPEAKING OUT ABOUT THE LACK OF POLITICAL CLOUT AND RELEVANCY IN RURAL AMERICA. WASHINGTON INSIDERS SAY HIS INTENT WAS HONORABLE, BUT THE DELIVERY WAS NOT. AG DAY'S MICHELLE ROOK REPORTS ON VILSACK'S ATTEMPT TO CLARIFY HIS VISION FOR AGRICULTURE.

CROP WATCH:

PLANTING SEASON IS RIGHT AROUND THE CORNER IN SOUTH TEXAS. IT APPEARS MANY FARMERS WILL BE KICKING UP DUST. MIKE HOFFMAN HAS DETAILS IN CROPWATCH, MIKE.

POTASH CORP:

IN AGRIBUSINESS POTASH CORPORATION OF CANADA RELEASED FOURTH QUARTER EARNINGS. THE COMPANY SAYS EARNINGS ARE DOWN 32 PERCENT WHILE GROSS MARGINS WERE DOWN 20 PERCENT. EARNINGS FOR THE YEAR DOWN ONE BILLION DOLLARS. POTASH SAYS IT'S THE RESULT OF GLOBAL FERTILIZER MARKETS PAUSING AND AN ABSCENSE OF SIGNIFICANT IMMEDIATE NEEDS FOR PHOSPHATE AND POTASH.

ANALYSIS:

WE DISCUSSED CATTLE INVENTORY EARLIER IN THE SHOW. IN TODAY'S ANALYSIS, TYNE MORGAN TALKS TO MARK GOLD ON THE OUTLOOK FOR CATTLE PRICES.

HIGH TUNNELS:

SOME TENNESSEE NURSERY FARMERS ARE "AIMING HIGH" IN THEIR PRODUCTION EFFORTS THIS WINTER. THE PRODUCERS USE WHAT'S CALLED "HIGH TUNNEL" GREENHOUSES - AN INEXPENSIVE WAY TO PROTECT CROPS FROM TEMPERATURES THAT ARE EITHER TOO HOT OR COLD...WE'VE SEEN BOTH THIS YEAR. CHUCK DENNEY WITH THE UT INSTITUTE OF AGRICULTURE, REPORTS ON THE BENEFITS OF "TUNNEL VISION." THE HOLDEN NURSERY ALSO USES SOLAR PANELS TO COLLECT SUNLIGHT - THEN USES THAT POWER TO GROW CROPS.

FOOD PRICES USDA:

THE 2012 DROUGHT IS PROVING HARD TO SHAKE AND NOW USDA ECONOMISTS SAY ITS STARTING TO IMPACT FOOD PRICES.

ENERGY DRINKS:

AND FINALLY THIS MORNING, ENGERY DRINKS CONTINUE TO GAIN POPULARITY. ACCORDING TO PACKAGED FACTS THE INDUSTRY HAS GROWN SIXTY PERCENT IN THE LAST FIVE YEARS.
SALES NOW TOTAL 12 AND HALF BILLION DOLLARS. BUT NEW ARTICLE IN THE JOURNAL PEDIATRICS IN REVIEW, SAYS PARENTS SHOULD BE CAREFUL LETTING ADDOLECENTS CONSUME POTENT ENERGY DRINKS. THE HIGH CAFFEINE AND OTHER STIMULANTS CAN CAUSE THINGS LIKE CARDIOVASCULAR PROBLEMS, ANXIETY, INSOMNIA, OR DIGESTIVE ISSUES.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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