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AgDay Daily Recap -November 14, 2013

November 14, 2013
 
 

TODAY ON AGDAY

NOVEMBER 14, 2013

 

FDA SOYBEAN IMPACT:

GOOD MORNING I'M CLINTON GRIFFITHS. AFTER LAST WEEK'S ANNOUNCEMENT TO BAN THE USE OF TRANSFAT IN AMERICAN FOOD, FARMERS BEGIN QUESTIONING THAT DECISION'S IMPACT ON CROPS.

TYPHOON IMPACT:

WHILE THE U.S. HARVEST WRAPS UP, FOLKS IN THE TYPHOON RAVAGED PHILLIPINES ARE STRUGGLING TO PUT LIFE IN ORDER. 8 PEOPLE DIED AFTER THEY STORMED A RICE WAREHOUSE IN THE CENTRAL PART OF THE COUNTRY...LOOTERS MADE OFF WITH 100-THOUSAND SACKS OF RICE. FOOD AIDE IS JUST MAKING ITS WAY TO THE REGION.
HERE AT HOME, U.S. DAIRY MARKETS COULD ALSO THE FEEL THE IMPACT. A WELLS FARGO ECONOMIST SAYS THE PHILLIPINES ARE A MAJOR EXPORT DESTINATION FOR U.S. DAIRY.

CROP WATCH:

LET'S SHIFT NOW TO FIELD CONDITIONS. MIKE HOFFMAN HAS YOUR THURSDAY MORNING CROPWATCH.

CHINESE BEEF:

IN BEEF TODAY, RANCHING MAY BE ONE OF THE WORLD'S OLDEST PROFESSIONS.
SCIENTISTS IN CHINA SAYS THEY'VE FOUND SIGNS OF DOMESTICATED CATTLE FROM ROUGHLY 10-THOUSAND YEARS AGO. THE JAWBONE OF THE COW IN NORTHERN CHINA APPEARS TO HAVE ALL OF THE CHARACTERISTICS OF A DOMESTICATED ANIMAL

PRICES:

MEANWHILE HERE AT HOME, CATTLE FUTURES ARE TRADING NEAR 10 MONTH HIGHS--THANKS TO SIGNS OF SHORT SUPPLIES. FEBRUARY LIVE CATTLE ARE NOW IN THE 1-34 RANGE WHILE FEEDERS NEAR 1-64.

DERRELL:

THOSE STRONG MARKETS ARE HOLDING TRUE FOR CULL COWS. TYPICALLY THIS IS THE TIME OF YEAR CULL COWS HIT A SEASONAL LOW. FEEDER OR STOCKER CALVES ARE ALSO SELLING STRONG. HOWEVER, OKLAHOMA STATE'S LIVESTOCK MARKETING SPECIALIST DERRELL PEEL SAYS YOU NEED TO THINK CAREFULLY ABOUT HOW MUCH WEIGHT YOU CAN PUT ON THEM.

GRASS FED BEEF:

FOR THOSE FEEDERS SWITCHING TO GRASS FED CATTLE, THERE'S NEW CARCASS IMPACT INFORMATION. A NEW REVIEW OF GRASS FED VERSUS GRAIN FED BEEF SHOWS THAT GRASS LOWERS THE TOTAL FAT FOUND IN A BEEF CARCASSS. HOWEVER IT ALSO LOWERS THE HEART HEALTHY MONO-UNSATURATED FATTY ACIDS...BY 30 TO 70 PERCENT.

ARKANSAS TIMBER:

THE TIMBER INDUSTRY IS SEEING A SLOW BUT STEADY TURNAROUND AS NEW HOME CONSTRUCTION IS BEGINNING TO RAMP UP. IN THIS REPORT FROM ARKANSAS FARM BUREAU, KEN MOORE SAYS THAT'S GOOD NEWS THAT LAND-OWNERS CAN "BUILD" UPON.

ANALYSIS:

WITH THE LATEST GRAIN STOCKS REPORT SHOWING AN ABUNDANT SUPPLY, SOME FARMERS MAY BE WONDERING IF THEY MISSED AN OPPORTUNITY TO SELL SOME GRAIN AT BETTER PRICES. IN THIS MORNING'S ANALYSIS, FARM DIRECTOR AL PELL FINDS OUT YOU NEVER KNOW WHEN OPPORTUNITIES WILL ARISE.

HUNTERS FOR HUNGRY:

IN MANY STATES, DEER HUNTING SEASON IS UPON US. AND FOR ONE CHARITY IN VIRGINIA, THAT'S A BUSY TIME OF YEAR. THEY HELP FARMERS AND OUTDOORSMEN GET RID OF EXCESS VENISON. IN THIS REPORT PROVIDED BY THE VIRGINIA FARM BUREAU, PATRICK DUNN TELLS US HOW FARMERS ARE TARGETING HUNGER.

EPI PEN BILL:

IF YOUR CHILD HAS FOOD ALLERGIES, YOU MAY BE PLEASED WITH A NEW LAW. IT REQUIRES SCHOOLS TO HAVE EPINEPHRINE AUTO-INJECTORS ON HAND IN CASE OF AN EMERGENCY.

TURKEY FIXINGS:

FOR LOOKING FOR A HEALTHY THANKSGIVING MEAL, THE RESULT SHOULD BE A LITTLE EASIER ON THE POCKET BOOK THIS YEAR. ACCORDING TO A PURDUE ECONOMIST, SHOPPERS CAN EXPECT LESS EXPENSIVE TURKEYS THIS YEAR. USDA SAYS PRICES COULD BE UP TO 6 CENTS LOWER PER POUND. AND GROCERY FOOD PRICES ARE JUST 1 PERCENT HIGHER THAN 2012. THAT PUTS THE COST OF THE TRADITIONAL MEAL PRETTY MUCH ON PAR WITH LAST YEAR.

 

 

 

 



 
  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
      
                                
                                                        
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                
 
                                 

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