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AgDay Daily Recap -January 23, 2014

January 23, 2014
 
 

TODAY ON AGDAY

JANUARY 23, 2014

 

SMALL FARMS:

GOOD MORNING I'M CLINTON GRIFFITHS. FEDERAL SAFETY REGULATORS SAY THEY WANT TO CLARIFY THEIR STANCE ABOUT REGULATING ON-FARM GRAIN STORAGE. AS WE MENTIONED, OSHA SPOKE OUT AFTER A GROUP OF SENATORS SENT A LETTER TO THE DEPARTMENT OF LABOR. NEBRASKA SENATOR MIKE JOHANNS HAS BEEN THE LEADER ON THIS. HE SAYS THIS IS JUST ANOTHER INSTANCE OF REGULATORY OVERREACH BY THE CURRENT ADMINSTRATION.

RFS DEADLINE:

IN OUR BEEF TODAY REPORT - FARMERS AND OTHERS IN THE AG INDUSTRY HAVE LESS THAN A WEEK TO COMMENT ON THE E-P-A'S PROPOSED CUTS TO THE RENEWABLE FUELS STANDARD. THE 60-DAY COMMENT PERIOD ENDS JAN. 28. LAST NOVEMBER, EPA PROPOSED A REDUCTION IN THE R-F-S FOR 2014 BY A HALF BILLION GALLONS. THE LEVELS WERE SET BY CONGRESS WHEN THE STANDARD WAS APPROVED IN 2007. THE STANDARD APPLIES TO CORN-BASED ETHANOL AS WELL AS BIODIESEL MADE FROM SOYBEANS AND CELLULOSIC PRODUCTS, SUCH AS THOSE MADE FROM CORN STALKS OR WOODY WASTE.

BEEF TODAY REPORT:

IN OUR BEEF TODAY REPORT, CATTLE PRICES HAVE BEEN ON A RECORD SETTING PACE THIS WEEK. BOTH LIVE CATTLE AND FEEDER FUTURES IN CHICAGO, RALLIED AGAIN WEDNESDAY TO NEW HIGHS. RISING CATTLE PRICES ARE PULLING UP OTHER COMMODITIES IN THE PROCESS. CORN PRICES ROSE FOR THE SECOND STRAIGHT DAY AS THESE NEW RECORDS SIGNAL A CHANCE FOR HIGHER GRAIN DEMAND FROM LIVESTOCK FEEDERS.

DAIRY:

IS DAIRY SUPPLY MANGEMENT REALLY DEAD? NOT ACCORDING TO DEMOCRATIC SENATOR PATRICK LEAHY OF VERMONT. HE SAYS HE HAS THE VOTES IN the SENATE TO THE KEEP THE MEASURE ALIVE IN THE NEW FIVE YEAR FARM BILL. THIS CONTRADICTS THE REPORTS WE HEARD FROM OTHERS WHO SAY THE MEASURE IS BEING REPLACED WITH ANOTHER OPTION. AS WE'VE REPORTED THIS NEW DAIRY COMPROMISE WON'T PREVENT FARMERS FROM PRODUCING MILK, IT WILL LIKELY PAY THEM LESS THE MORE MILK THEY PRODUCE.

PROPANE PRICE:

THE COLD WEATHER JUST WON'T BUDGE, AND NEITHER WILL PROPANE PRICES. PROPANE IS UP AGAIN TODAY AS SUPPLIES CONTINUE TO DWINDLE DUE TO HIGH DEMAND. PRICES IN the MIDWEST ARE AT THE HIGHEST LEVEL SINCE 1990. WE'RE STARTING TO HEAR REPORTS OF PROPANE RATIONING IN STATES LIKE ILLINOIS TO PREVENT SUPPLIERS FROM RUNNING OUT.

CROP WATCH:

WHILE THE EAST COAST DIGS OUT FROM HEAVY SNOW. PARTS OF THE GREAT PLAINS COULD USE SOME OF THE MOISTURE, MIKE HOFFMAN HAS DETAILS IN CROPWATCH.

ANALYSIS:

WE HAVE A NEW ANALYST AT THE AGRIBUSINESS DESK. WE'LL DISCUSS THIS WEEK'S SOYBEAN ACTION IN THE MARKETS AND SEE HOW THE CROP IS SHAPING UP IN SOUTH AMERICA.

TEXAS SKILLS:

TEACHERS IN SEALY TEXAS WANT TO SEE ALL THEIR STUDENTS BE SUCCESSFUL, NOT JUST THE ONES HEADING TO COLLEGE. FOR MANY STUDENTS, THE CAREER AND TECHNICAL EDUCATION CLASSES OFFERED AT THE SCHOOL ARE LAYING A FOUNDATION FOR THEIR FUTURE.  CURT LANCASTER WITH THE TEXAS FARM BUREAU EXPLAINS.

POOR:

ONE OF THE RICHEST MEN IN THE WORLD SAYS POOR COUNTRIES ARE NOT DOOMED TO STAY POOR. IN FACT, BILL GATES PREDICTS THAT BY 2035, THERE WILL BE ALMOST NO POOR COUNTRIES LEFT IN THE WORLD.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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