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AgDay Daily Recap -February 11, 2013

February 11, 2013
 
 

TODAY ON AGDAY
FEBRUARY 11, 2013

SUPPLY DEMAND REPORT:

GOOD MONDAY MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ASSIGNMENT. THE AG DEPARTMENT MAKES SOME ADJUSTMENTS TO DOMESTIC AND GLOBAL GRAIN SUPPLIES...

DOMESTICALLY, USDA PEGGED THE CORN ENDING STOCKS AT 632 MILLION BUSHELS, A 30 MILLION BUSHEL INCREASE FROM JANUARY. CORN EXPORTS ARE LOWER AND ETHANOL USE IS UNCHANGED. U-S SOYBEAN ENDING STOCKS CAME IN AT 125 MILLION BUSHELS, DOWN TEN MILLION. AND U-S WHEAT ENDING STOCKS ARE PROJECTED AT 691 MILLION BUSHELS, 25 MILLION BUSHELS LOWER WITH HIGHER EXPECTED FEED USE IN LIVESTOCK.

DROUGHT IMPACT:

LOOKING BACK AT 2012, IT WAS A TOUGH YEAR FOR FARMERS WITH ONE OF THE WORST DROUGHTS IN HISTORY HITTING MUCH OF THE MIDWEST. IRONICALLY IT ALSO ENDED UP BEING A RECORD YEAR FOR OVERALL NET FARM INCOME. SO WHAT'S THE OUTLOOK FOR FARM FINANCES IN 2013? AGDAY'S MICHELLE ROOK TAKES A LOOKS AT THE FACTORS AND FORECAST FOR PRODUCERS IN 2013.

CROP WATCH:

FROM DROUGHT IN THE WEST TO A BLIZZARD IN THE EAST, THE WEATHER IS KEEPING METEOROLGIST MIKE HOFFMAN ON HIS TOES.

NCBA:

AS RANCHERS GATHERED IN TAMPA LAST WEEK FOR THEIR ANNUAL MEETING, OPENING DOORS FOR INCREASED TRADE POPPED UP AMONG CONVERSATIONS. CLINTON GRIFFITHS TALKED TO NCBA LEGISLATIVE DIRECTOR COLLIN WOODALL WHO SAYS TRADE IS KEY FOR RANCHERS.

ANALYSIS:

IN AGRIBUSINESS, DURING THE 2013 CATTLE INDUSTRY CONVETIONAL, CATTLEFAX ANALYSTS' PROJECTED A DECLINE IN BEEF SUPPLY AND CONTINUING RISE IN PRICES FOR 2013. PROJECTIONS OF A REDUCTION IN BEEF SUPPLY THIS YEAR, CATTLEFAX ANALYSTS SAY DON'T BE SURPRISED IF MORE BEEF PACKING PLANTS CLOSE BEFORE CONSOLIDATIONS IN THE INDUSTRY IS COMPLETE. MEANWHILE, THE FARM BILL AND SEQUESTRATION ARE ALSO ON THE CATTLE INDUSTRY'S MINDS. CLINTON GRIFFITHS TALKS TO COLIN WOODALL AGAIN ABOUT THE BURNING ISSUES.

EAT 4-HEALTH:

WHEN WE MAKE HEALTHY LIFESTYLE CHOICES, OUR FUTURE CAN LOOK A LOT BRIGHTER.
THAT'S THE MESSAGE IN A 4-H PROGRAM IN TENNESSEE WHICH LOOKS TO FIGHT THE NATION'S PROBLEM WITH CHILDHOOD OBESITY. PROVIDED BY THE UNIVERSITY OF TENNESSEE, CHUCK DENNEY TELLS US ABOUT AN EFFORT CALLED "EAT 4-HEALTH."

SOUTHERN FOOD:

THERE'S NOTHING BETTER THAN SOME GOOD OLD FASHIONED SOUTHERN COMFORT FOOD WITH A TALL GLASS OF SWEET TEA, RIGHT? WELL, WHEN IT COMES TO YOUR HEALTH, RESEARCH SHOWS THAT TYPE OF FOOD IS THE WORST.

MILLENNIAL STRESS:

FRIDAY WE TOLD YOU ABOUT UNHEALTHY BABY BOOMERS LOSING THEIR BRAGGING RIGHTS.
NOW THE MILLENNIALS HAVE BRAGGING RIGHTS IN ANOTHER AREA AND IT HAS TO DO WITH STRESS.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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