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AgDay Daily Recap -September 10, 2013

September 10, 2013
 
 

TODAY ON AGDAY

SEPTEMBER 10, 2013

 

CROP REPORT:

GOOD MORNING I'M CLINTON GRIFFITHS.  ANOTHER WEEK, MORE HEAT AND ONE STEP CLOSER TO SUMMER CROP HARVEST. BUT HOW MUCH CROP IS ACTUALLY OUT THERE? USDA GIVES US ITS BEST GUESS LATER THIS WEEK.

CROP PROGRESS:

IN THE MEANTIME, THE USDA'S LATEST CROP PROGRESS REPORT CAME OUT MONDAY.
IT SHOWS, CONDITIONS OF THE MAJOR CROPS CONTINUE TO DECLINE. 54 PERCENT OF THE NATION'S CORN IS NOW CALLED GOOD TO EXCELLENT. A COUPLE OF TICKS LOWER THAN LAST WEEK. IN IOWA IT'S JUST A THIRD OF THE CROP. COMPARE THAT WITH OHIO WHERE 80 PERCENT OF THE CORN IS RATED GOOD TO EXCELLENT. LESS THAN 10 PERCENT STANDS MATURE. THE NATION'S SOYBEANS ARE ALSO 52 PERCENT GOOD TO EXCELLENT. TWO POINTS DOWN FROM LAST WEEK. ONLY A THIRD OF IOWA AND MISSOURI'S CROPS ARE THAT GOOD. 11 PERCENT OF THE CROP IS DROPPING LEAVES. AND IT MAY SEEM EARLY BUT WINTER WHEAT PLANTING IS UNDERWAY. 5 PERCENT OF THE CROP IS NOW IN THE GROUND. RIGHT ON TRACK WITH THE FIVE YEAR AVERAGE.

LSU SOYBEANS:

LOUISIANA FARMERS ARE HARVESTING ABOUT A MILLION ACRES OF SOYBEANS THIS FALL. THAT'S DOWN SLIGHTLY FROM LAST YEAR. UNLIKE THE MIDWEST, WHICH IS STRUGGLING THROUGH A LATE SUMMER DROUGHT, LOUISIANA BEAN YIELDS LOOK EVERY BIT AS PROMISING AS LAST YEARS RECORD CROP IN THE PELICAN STATE. TOBIE BLANCHARD HAS DETAILS IN THIS REPORT PROVIDED BY THE LSU AGCENTER.

CROP WATCH

A YIELD-ROBBING PLANT DISEASE IS KEEPING CROP SCOUTS BUSY IN THE SOUTHEAST. MIKE HOFFMAN HAS DETAILS THIS MORNING IN CROPWATCH.

DAIRY EXPORTS

IN OUR DAIRY TODAY REPORT, THE U.S. DAIRY EXPORT COUNCIL SAYS 2013 IS SHAPING UP TO BE ANOTHER BIG YEAR. DAIRY EXPORTERS SHIPPED NEAR-RECORD VOLUMES AND VALUES IN JULY. SO FAR THIS YEAR, EXPORT VALUES HAVE REACHED 3 POINT 7 BILLION DOLLARS...20 PERCENT AHEAD OF LAST YEAR'S PACE. VOLUMES OR THE AMOUNT DAIRY PRODUCT SHIPPED IS 32 PERCENT HIGHER. FOR EXAMPLE, CHEESE SALES TO MEXICO ALONE ARE UP NEARLY 60 PERCENT.

DAIRY STUDY

USDA SAYS IN JANUARY IT WILL BEGIN WORK ON A SIXTH NATIONAL DAIRY STUDY. THE WORK IS MEANT TO TAKE AN INDEPTH LOOK AT U.S. DAIRY OPERATIONS AND HELP IDENTIFY TRENDS. THE RESEARCH WILL COVER FROM 1991 TO 2014. DATA IS EXPECTED TO BE GATHERED IN 18 STATES.

SMITHFIELD APPROVED

U.S. OFFICIALS HAVE APPROVED THE SALE OF SMITHFIELD FOODS TO CHINESE FIRM SHAWNG-WAY INTERNATIONAL HOLDINGS. WORD CAME DOWN LATE FRIDAY FROM THE U.S. COMMITTEE ON FOREIGN INVESTMENT. IT'S NOT QUITE A DONE DEAL YET. THE SALE STILL NEEDS SHAREHOLDER APPROVAL--THAT VOTE IS SCHEDULED TO HAPPEN ON SEPTEMBER 24TH.

ANALYSIS

LOW INTEREST RATES HAVE BEEN ONE OF THE DRIVING FORCES BEHIND MANY ASPECTS OF THE AG INDUSTRY THE LAST FEW YEARS. WHILE IT'S KEPT BORROWING COSTS DOWN, THERE ARE EARLY SIGNS THINGS COULD START TICKING HIGHER. FARM DIRECTOR AL PELL JOINS US FROM THE AGRIBUSINESS DESK

TENNESSEE FARMERS MARKET

USDA SAYS THERE ARE MORE THAN 81-HUNDRED FARMERS MARKETS IN THIS COUNTRY...AN INCREASE OF FOUR PERCENT FROM LAST YEAR. FARMER'S MARKETS ARE A BOOMING TREND, INCLUDING IN ENNESSEE.
THE MARKETS OFFER CUSTOMERS FRESH, LOCALLY-GROWN FOODS, AND THEY'RE ALSO A PLACE WHERE GROWERS CAN SELL DIRECTLY TO CONSUMERS. IN THIS REPORT FROM THE U-T INSTITUTE OF AG, CHUCK DENNEY HAS MORE ON ONE PRODUCER'S TREK FROM THE FIELD TO THE MARKET.

KCUP SOUP

ONE OF THE FASTEST GROWING KITCHEN GADGETS IS THE KEURIG COFFEE MAKER. THOSE SINGLE CUPS OF BREW ARE PROVING TO BE VERY POPULAR. NOW, ONE OF THE MOST RECOGNIZEABLE FOOD BRANDS IS JUMPING ON BOARD. CAMPBELLS SOUP SAYS IT WILL START SELLING K-CUPS OF SOUP.

ARSENIC RICE

IN OTHER NEWS - THE FOOD AND DRUG ADMINISTRATION SAYS CONSUMERS SHOULD NOT WORRY ABOUT THE AMOUNT OF ARSENIC FOUND IN RICE. THE AGENCY JUST WRAPPED-UP A STUDY OF ARSENIC ON 13-HUNDRED SAMPLES OF RICE AND RICE PRODUCTS. F-D-A SAYS THIS IS THE LARGEST STUDY TO DATE ON THIS IMPORTANT FOOD STAPLE. ARSENIC IN RICE IS NOT NEW. IT'S A NATURALLY OCCURING ELEMENT FOUND IN SOIL. IT CAN BE PASSED INTO RICE FROM THE WATER WHERE RICE IS GROWN. THE F-D-A SAYS AMOUNTS ARE SO SMALL THAT RICE IS SAFE TO EAT. BUT THE AGENCY SAYS IT WILL CONTINUE TO STUDY THE LONG-TERM EFFECTS OF CONSUMING RICE. THEY FOUND MORE ARSENIC IN BROWN RICE, THAN IN INSTANT RICE.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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