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AgDay Daily Recap -June 4, 2013

June 4, 2013
 
 

TODAY ON AGDAY

JUNE 4, 2013

 

DELAYS:

GOOD MORNING I'M CLINTON GRIFFITHS. WHILE MANY FARMERS IN THE MIDWEST WAIT TO FINISH THEIR SPRING PLANTING, THE GOVERNMENT SAYS "NO" TO EXTENDING CROP INSURANCE DEADLINES.

CROP PROGRESS:

MONDAY'S CROP PROGRESS REPORT SHOWS IOWA AND MINNESOTA ARE BOTH 11 PERCENTAGE POINTS BEHIND NORMAL. WISCONSIN IS 20 POINTS BEHIND. NATIONALLY CORN PLANTING SITS AT 91-PERCENT COMPLETE...A FIVE POINT GAIN FROM LAST WEEK AND STILL 4 POINTS BEHIND AVERAGE. THE FIRST CONDITION REPORT IS OUT FOR THE SEASON - 30-PERCENT IS FAIR, ABOUT HALF IS GOOD AND ELEVEN PERCENT EXCELLENT. NOW TO SOYBEANS...57-PERCENT IS PLANTED, AN IMPROVEMENT OF 13 POINTS FROM LAST WEEKL. BUT NEARLY 20 POINTS BEHIND AVERAGE. THREE QUARTERS HAS EMERGED. AND WHILE WINTER WHEAT HARVEST HAS BEGUN IN SOME PARTS OF THE SOUTHERN WHEAT BELT, USDA HAS YET TO RELEASE NATIONAL FIGURES. ABOUT THREE QUARTERS HAS HEADED.

WHEAT HARVEST:

IN LOUISIANA THE WINTER WHEAT CROP SUFFERED FROM RAIN AND COLD DURING THE WINTER AND SPRING. AND WHILE THE COLD TEMPS ARE NOW GONE, RAIN IS STILL COMPLICATING THE HARVEST. LSU AGCENTER CORRESPONDENT TOBIE BLANCHARD HAS THIS REPORT.

WHEAT UPDATE:

THERE CONTINUES TO BE FALL OUT FROM THE DISCOVERY OF GMO WHEAT ON AN OREGON FARM. THE E-U IS URGING IT'S 27 MEMBER STATES TO BEGIN TESTING WHEAT SHIPMENTS FROM THE U.S. LAST WEEK JAPAN PUT A HOLD ON SHIPMENTS OF WHITE WHEAT PENDING FURTHER INVESTIGATION. USDA SAYS IT'S TRYING TO ASSURE TRADING PARTNERS ABOUT THE INTEGRITY OF U-S WHEAT.

OKLAHOMA TWISTER:

THIS IS A SHOT OF LAST FRIDAY'S STORM AS IT FORMED NEAR EL RENO OKLAHOMA. UP TO 16 PEOPLE HAVE DIED EITHER DURING OR FROM INJURIES FOLLOWING LAST FRIDAY'S STORMS.  THE E-F-3 TORNADO RIPPED THROUGH FARM COUNTRY WEST OF OKLAHOMA CITY NEAR EL RENO BEFORE MAKING ITS WAY INTO THE HEART OF THE CITY. INCLUDED IN THE DAMAGE WAS THE OKC WEST STOCKYARDS. THE STOCKYARDS ARE SOME OF THE BIGGEST LIVESTOCK MARKETS IN THE WORLD.

HURRICANE SEASON:

JUST AS TORNADOES TEAR ACROSS THE PLAINS, NOW IT'S TIME TO BE PREPARED FOR HURRICANES. THE ATLANTIC HURRICANE SEASON OFFICIALLY STARTED ON SATURDAY.

CROP WATCH:

NO THREAT OF HURRICANE RIGHT NOW. BUT THERE'S PLENTY OF CONCERN ABOUT SATURATED FIELDS IN THE MIDWEST. MIKE HOFFMAN HAS DETAILS.

MILK PRICES:

IN NEWS FROM OUR PARTNERS AT DAIRY TODAY - UNIVERSITY OF WISCONSIN DAIRY ECONOMISTS SAY TIGHT GLOBAL SUPPLY AND DEMAND SITUATION SHOULD SUPPORT CLASS-THREE PRICES AT 19-DOLLARS PER HUNDREDWEIGHT.

SMITHFIELD:

IN AGRIBUSINESS BLOOMBERG REPORTS SMITHFIELD FOODS EXECUTIVES ARE GOING TO MAKE A PRETTY PENNY FROM THE SALE OF THE BUSINESS TO CHINESE COMPANY SCHUNG-WAY INTERNATIONAL HOLDINGS. ACCORDING TO THE REPORT THE EXECUTIVES WILL REAP MORE THAN 85 MILLION DOLLARS IN THE DEAL. DOCUMENTS SHOW, C-E-O LARRY POPE OWNS STOCK THAT WOULD BE VALUED AT MORE THAN 25 MILLION DOLLARS BASED ON THE OFFER PRICES OF 34 DOLLARS PER SHARE.S

WORLD PORK:

AND SPEAKING OF PORK, THIS WEEK PRODUCERS AND COMPANIES FROM AROUND THE GLOBE WILL GATHER IN DES MOINES IOWA FOR THE WORLD PORK EXPO. THE EVENT IS ALWAYS TOP BILLING FOR THAT INDUSTRY. OUR CORPORATE COUSINS OVER AT AGRITALK WILL BE ON HAND PROVIDING COVERAGE FROM THE EVENT. AND, NATIONAL REPORTER TYNE MORGAN WILL BE THERE AS WELL.

ANALYSIS:

WHILE CORN FARMERS STRUGGLE TO FINISH THE LAST OF THEIR SPRING PLANTING, WHAT DOES THE MARKET SEE RIGHT NOW AS FAR AS CROP POTENTIAL? FARM DIRECTOR AL PELL TAKES A CLOSER LOOK IN THIS MORNING'S ANALYSIS.

WHEELCHAIR PIG:

A PIG IN FLORIDA IS GETTING A SECOND CHANCE ON LIFE AFTER A FLORIDA VETERINARIAN FASHIONED A WHEELCHAIR FOR HIS PET. THE PIG IS HANDICAPPED. THE STORY OF THIS LITTLE PIG HAS HAS GONE NOT ONLY VIRAL, BUT NOW THE OWNER HAS JUST SIGNED A THREE-BOOK PUBLISHING DEAL ON THE LIFE AND ADVENTURES OF HIS LITTLE FRIEND HE NAMED CHRIS P. BACON.

BEN AND JERRY:

AS THE NATIONAL DEBATE OVER GMO FOODS CONTINUES--ONE ICE CREAM BRAND IS CHOOSING SIDES. BEN AND JERRY'S SAY THEIR PRODUCTS WILL BE GMO FREE BY 2015.

WALMART GUARANTEE:

AND THE SUPER STORE KING--WALMART SAYS IT WILL NOW OFFER A MONEY BACK GUARANTEE ON FRUITS AND VEGETABLES.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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