Sep 19, 2014
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USFR Weekly Recap - JULY 19-20, 2014

July 19, 2014

 

TODAY ON USFR
JULY 19-20, 2014
 
HEADLINES:
U.S. FARM REPORT - BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO... 2014 NORTH AMERICAN TRUCK OF THE YEAR… TODAY ON U-S FARM REPORT...THE FSA CONCENTRATES ON LONG DELAYED LIVESTOCK DISASTER PAYMENTS SLOWING IMPLEMENTATION OF NEW CROP PROGRAMS SERIOUSLY, HOW GOOD CAN A CORN CROP LOOK? GREAT FIELDS GET EVEN BETTER AND THE CME LOOKS TO CONCENTRATE LIVESTOCK TRADING IN FEWER HOURS.
JOHN OPEN:
 HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS ONE OF THE CURIOUS CONSEQUENCES OF THIS PICTURE PERFECT GROWING SEASON FOR MANY OF US HAS BEEN THE RECENT REALIZATION THAT IF CONDITIONS ARE PEACHY FOR GROWING CORN AND SOYBEANS, THEY ARE ALSO VERY GOOD FOR WEEDS. WITH AMPLE MOISTURE AND IDEAL TEMPERATURES UNWANTED PLANTS CAN ALSO PUT UP A BIGGER FIGHT AGAINST CONTROL MEASURES. IT IS ALSO NOW APPROPRIATE TO MARK THE PASSING OF GLYPHOSATE AS THE SILVER BULLET FOR WEED CONTROL. IT STILL HAS USES, BUT IT'S BACK TO EXOTICALLY NAMED TANKMIXES TO BATTLE RESISTANT WEEDS. IT WAS A NICE COUPLE OF DECADES, BUT ALL GOOD THINGS COME TO AN END, I GUESS. TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN.
FSA FOCUS:
THANKS, JOHN…IF YOUV'E HAD TROUBLE GETTING FACETIME WITH THE USDA, YOU'RE NOT ALONE. THAT'S BECAUSE THE FOCUS IS ON LIVESTOCK RIGHT NOW, NOT CROPS.
SAFETY NET DATES:
THE FIRST IS LATER THIS SUMMER FARMERS WILL RECEIVE DETAILING ACREAGE ON COVERED COMMODITIES. HE SAYS MAKE SURE TO CONFIRM THAT DATA IS CORRECT.
THEN, IN LATE WINTER, FARMERS WILL NEED TO MAKE A ONE TIME DECLARATION ON WHICH SAFETY NET PROGRAM IS BEST FOR THE FARM. AND FINALLY IN EARLY 2015, FARMERS WILL NEED TO ENROLL BOTH THEIR 2014 AND 2015 CROPS IN THAT PROGRAM.
CROP CONDITIONS:
JUST WHEN YOU THOUGHT THIS YEAR'S CORN CROP COULDN'T LOOK ANY BETTER, CONDITIONS IMPROVE.USDA NOW MORE THAN THREE-QUARTERS OF THE CROP IS IN GOOD TO EXCELLENT SHAPE. AND IN MCCLEAN COUNTY, ILLINOIS, FARMERS JOKE IT'S THE GARDEN OF EDEN THIS YEAR. OUR OWN FARM JOURNAL AGRONOMIST KEN FERRIE IS EVEN IMPRESSED WITH THE CORN POTENTIAL.
NEBRASKA ETHANOL LAWSUIT:
A NEBRASKA ETHANOL PLANT IS USING SUGAR BEETS TO MAKE ETHANOL INSTEAD OF CORN.
AND NOW IT'S SPARKED A LAWSUIT IN A RURAL NEBRASKA TOWN. LOCAL FARMERS ARE SUING AURORA, NEBRASKA BASED AVENTINE RENEWABLE ENERGY HOLDINGS. THE PLANT IS USING BEET SUGAR BECAUSE IT'S CHEAP DUE TO SUBSIDIES FROM USDA.BUT LOCAL CORN FARMERS SAY THAT VIOLATES AN AGREEMENT WITH THE ETHANOL PLANT TO ONLY USE THEIR GRAIN. AVENTINE DENIES THE CLAIMS, SAYING IT'S COMPLIANT WITH THE CONTRACT.
CME HOURS:
ANOTHER CHANGE COULD BE COMING IN C-M-E TRADING HOURS, BUT THIS TIME; IT'S JUST WITH CATTLE AND HOGS. THE CME GROUP HAS STARTED A REVIEW OF ELECTRONIC TRADING HOURS FOR THOSE CONTRACTS. ACCORDING TO REUTERS, SO FAR, TALKS HAVE FOCUSED ON REDUCING HOURS TO KEEP THE CONTRACTS MORE ATTRACTIVE.
BY CONCENTRATING VOLUMES, CME SAYS VOLATILITY WOULD BE REDUCED.
CROP WATCH:
THANKS, TYNE. CROP WATCH THIS WEEK IS A SOGGY ONE.
TEASE ONE:
UP NEXT, TWO VETERANS GIVE US THEIR THOUGHTS ON SUCH BEARISH PRICES.
BOB UTTERBACK AND GREGG HUNT JOIN TYNE NEXT ON U-S FARM REPORT.
HEADLINES:
U.S. FARM REPORT BROUGHT TO YOU BY THE ALL-NEW CHEVY SILVERADO. 2014 NORTH AMERICAN TRUCK OF THE YEAR... TODAY ON U-S FARM REPORT...THE TAB FOR THE CALIFORNIA DROUGHT IS ENORMOUS AND IT'S STILL OPEN A MAJOR POULTRY SUPPLIER MOVES TO LOSE ANTIBIOTICS IN FEED
AND METEOROLOGIST MIKE HOFFMAN SAYS DON'T LOOK FOR ANY HEAT WAVES THIS SUMMER IN THE CORN BELT
.
JOHN OPEN:
HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. HERE'S A GOOD WAY STUMP YOUR FRIENDS AND NEIGHBORS. NAME THE LARGEST DAIRY PRODUCING COUNTRY. I'LL GIVE YOU A HINT: WHILE NEW ZEALAND IS THE LARGEST DAIRY EXPORTER, IT IS NOT THE LARGEST PRODUCER. AND THE E-U DOESN'T COUNT AS ONE COUNTRY. THE CORRECT ANSWER IS INDIA. JUST AS IT HAS REPLACED BRAZIL AS THE LARGEST BEEF EXPORTER, ITS 75 MILLION DAIRY FARMS TOP THE WORLD IN MILK PRODUCTION. WHILE YOU CAN QUIBBLE IT'S ACTUALLY BUFFALO WE'RE TALKING ABOUT IN BOTH CASES, COWS IS COWS IN MY BOOK. WE NEED TO LEARN MORE ABOUT THE SUBCONTINENT. LET'S GET STARTED WITH THE HEADLINES AND AL PELL...
CALIFORNIA DROUGHT COST:
THANKS, JOHN…MANY CALIFORNIA FARMERS AND RANCHERS ARE LIVING A NIGHTMARE WITH THE CURRENT DROUGHT.
CALI WATER FINES:
 MEANWHILE, STATE LEGISLATORS SAY IF RESIDENTS OVERUSE WATER, THEY WILL BE FINED. THIS COMES AFTER A RECENT STUDY SHOWED WATER USE ACTUALLY INCREASED IN THE STATE IN MAY. IN A EMERGENCY STATE RULE APPROVED TUESDAY, LAWMAKERS VOTED TO START MANDATORY WATER RESTRICTIONS.NOW LOCAL AGENCIES HAVE THE AUTHORITY TO FINE RESIDENTS WHO WASTE WATER AS MUCH AS 500 DOLLARS PER DAY.
DRONE FLYIN:
THE HOME TURF FOR CORN COLLEGE DREW A DIFFERENT CROWD THIS WEEK…THAT'S BECAUSE FARM JOURNAL HOSTED THE FIRST EVER DRONE FLY-IN. HE EVENT DREW QUITE THE CROWD OF BOTH FARMERS AND EXPERTS.THAT'S PARTLY BECAUSE THERE ARE STILL A LOT OF QUESTIONS SURROUNDING THE REGULATIONS ON DRONE USE.
ONE AG LAWYER TOLD US WE'LL SOON GET A GLIMPSE INTO HOW FAA WANTS TO REGULATE DRONES UNDER 55 POUNDS.
VET BILL:
A NEW MEASURE IN CONGRESS COULD EASE RESTRICTIONS ON VETERNARIANS.
IT'S CALLED THE VETERINARY MEDICINE MOBILITY ACT. IT WAS PASSED WEDNESDAY BY THE SENATE AND LAST WEEK BY THE HOUSE. IT WOULD ALLOW REGISTERED VETERNARIANS TO DISTRIBUTE CONTROLLED SUBSTANCES TO ANIMALS OUTSIDE OF THEIR CLINIC. BUT STILL LIMITS IT TO WITHIN STATE LINES. THE MEASURE IS NOW OFF TO THE PRESIDENT'S DESK FOR FINAL APPROVAL.
ZILLMAX:
A NEW STUDY FOUND THE FEED ADDITIVE CAUSES NO NOTICEABLE DETRIMENTAL EFFECTS ON CATTLE HEALTH OR WELL-BEING. THAT'S ACCORDING TO THE UNIVERSITY OF NEBRASKA LINCOLN AND USDA'S AG RESEARCH SERVICE. ABOUT A YEAR AGO, THE DRUG'S MAKER, MERCK ANIMAL HEALTH, SUSPENDED SALES OF ZILMAX FOLLOWING ANIMAL WELFARE OR LAMENESS CONCERNS FROM PACKERS.
TURKEY HORMONES:
TWO MAJOR RETAIL TURKEY BRANDS SAY GROWTH-PROMOTING ANTIBIOTICS ARE ON THE WAY OUT.CARGILL'S HONEYSUCKLE WHITE AND SHADY BROOK FARMS WILL REQUIRE ALL INDEPENDENT FARM SUPPLIERS TO PHASE OUT ITS USE BY THE END OF 2015. CARGILL SAYS IT WILL START INTRODUCING THESE PRODUCTS ON STORE SHELVES SOONER, WITH CONSUMERS ABLE TO PRUCHASE BY THANKSGIVING OF THIS YEAR.
3I SHOW:
TWO MAJOR RETAIL TURKEY BRANDS SAY GROWTH-PROMOTING ANTIBIOTICS ARE ON THE WAY OUT.CARGILL'S HONEYSUCKLE WHITE AND SHADY BROOK FARMS WILL REQUIRE ALL INDEPENDENT FARM SUPPLIERS TO PHASE OUT ITS USE BY THE END OF 2015. CARGILL SAYS IT WILL START INTRODUCING THESE PRODUCTS ON STORE SHELVES SOONER, WITH CONSUMERS ABLE TO PRUCHASE BY THANKSGIVING OF THIS YEAR.
KANSAS CROPS:
UNFORTUNATELY, TURNOUT FOR THIS YEAR'S SHOW WAS DOWN. A LOT OF IT HAD TO DO WITH HOW LATE THIS YEAR'S WHEAT HARVEST IS IN THE SUNFLOWER STATE.AND AS TYNE MORGAN TELLS US, IT'S BEEN ANOTHER ROLLERCOASTER YEAR IN THE PLAINS.
BAXTER TEASE:
UP NEXT, BAXTER GETS A LITTLE MORE SERIOUS THIS WEEK AS WE HEAR WHY COUNTY FAIRS ARE SO IMPORTANT. WE'LL BE RIGHT BACK.
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO ST MARY'S CATHOLIC CHURCH OF BEARDSLEY, MINNESOTA. THE CHURCH WAS FORMED IN 1884, BUT DIDN'T HAVE AN ACTUAL BUILDING UNTIL 1904. THE FIRST MASS WAS SPECIAL, AS IT WAS HELD AT MIDNIGHT ON CHRISTMAS EVE. THE CHURCH HAS UNDERGONE SOME MODIFICATIONS, INCLUDING ADDING AN ELEVATOR. AND THE BREATHTAKING STAINED GLASS WINDOWS CONTINUE TO RECEIVE A FLOOD OF    COMPLIMENTS FROM EVEN THOSE OUTSIDE THE CHURCH. OUR THANKS TO JEROME AND HELEN HOLKER FOR SHARING THEIR STORY…

MAILBAG:
TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG...RICHARD CHAMPION PICKED UP ON MY REMARKS ABOUT THE EXPORT-IMPORT BANK."AS YOU SAID, THERE AREN'T MANY FARMERS, WHO USE THE EX-IM BANK, SO WHY MAKE A COMMENT ABOUT IT AT ALL?"
RICHARD THANKS FOR RESPONDING. THIS IS A CASE OF WHAT I CALL THE NINETY-SECOND CURSE. BY THE TIME I HAVE OUTLINED THE BACKGROUND OF MY COMMENTARY, I HAVE USED UP MUCH OF THE TIME NEEDED TO MAKE A POINT. AT FIRST GLANCE, IT WOULD SEEM FARMERS HAVE LITTLE AT STAKE IN THE EX-IM BATTLE, BUT TO MISQUOTE JOHN DONNE, " NO INDUSTRY IS AN ISLAND ANYMORE." THE EX-IM BANK DEBATE SPOTLIGHTS A NEW POLITICAL STRUGGLE THAT WILL BE REFLECTED IN OTHER MORE AG-CENTRIC BATTLES. WHILE IT USED TO BE THE LEFT WHO OPPOSED EX-IM BANK FUNDING, THE STRONGEST OPPOSITION IS NOW COMING FROM CONSERVATIVES.IN FACT, ONE POLITICAL COMMENTATOR SPECULATED THAT REPUBLICANS AND BIG BUSINESS MAY BE GETTING A DIVORCE. THE RISING TIDE OF POPULISM BLAMES BIG BANKS, BIG OIL, AND BIG BUSINESS IN GENERAL FOR MANY ECONOMIC PROBLEMS. EVEN WORSE, BIG BUSINESS HAS BEEN A SUPPORTER OF IMMIGRATION REFORM JUST AS THAT ISSUE HAS BECOME A HOT BUTTON FOR MOVEMENT CONSERVATIVES.WHEN GRAIN SURPLUSES ARE PILED UP AND PRICES ARE PLUNGING, PRODUCERS HAVE TRADITIONALLY TURNED TO WASHINGTON FOR HELP. I THINK THE BATTLE OF THE EX-IM BANK POINTS TO A PROBLEM FOR BIG AG. THE MINUTE THE WORD "BAILOUT" IS USED, THE NEW POLITICS OF WASHINGTON SUGGEST MORE OPPOSITION FROM MORE SIDES MORE OF THE TIME.
 
 

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