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AgDay Daily Recap -March 15, 2013

March 15, 2013
 
 

TODAY ON AGDAY

MARCH 15, 2013

 

FURLOUGH DETAILS:

GOOD MORNING I'M CLINTON GRIFFITHS. WE CONTINUE TO LEARN MORE ABOUT FURLOUGH PLANS FOR THE NATIONS MEAT INSPECTORS.

FARM BILL:

LUCAS AND PETERSON BOTH ALSO TALKED ABOUT GETTING A FARM BILL FINISHED IN 2013.
BOTH WERE ENCOURAGED...ESPCIALLY SINCE BUDGETS HAVE BEEN RELEASED. THE TWO SAY, IF LEADERSHIP GIVES THE AG COMMITTEE A TARGET THEY'LL HIT IT. RIGHT NOW IT LOOKS LIKE THE RYAN BUDGETS ASKS FOR 30 TO 35 BILLION IN SAVINGS...SIMILAR TO LAST YEAR'S NUMBER. PETERSON ALSO SAID HE MET RECENTLY WITH HOUSE LEADER JOHN BOEHNER. BOEHNER ASSURED HIM THAT HE'S NOT INTERESTED IN ANOTHER EXTENSION.

MILK REPORTS:

PETERSON IS A BIG SUPPORTER OF THE DAIRY INDUSTRY. BUT THAT INDUSTRY ISN'T HAPPY WITH NEWLY ANNOUNCED SEQUESTRATION CUTS. THE NATIONAL MILK PRODUCERS FEDERATION IS UPSET OVER THE SUSPENSION OF MILK PRODUCTION REPORTS. NMPF SAYS THAT INFORMATION CAN-NOT BE FOUND ANYWHERE ELSE...AND THEY'RE CRITICAL FOR THE INDUSTRY. THE REPORTS WERE SUSPENDED FROM MARCH THROUGH SEPTEMBER.

U.S. COUNTIES DYING OFF:

ALSO OUT OF WASHINGTON, THE LATEST CENSUS CALCULATIONS SHOW THAT A RECORD OF U.S. COUNTIES, MORE THAN 1 IN 3 ARE NOW DYING OFF.

NEBRASKA CHECKOFF:

IN OTHER NEWS, NEBRASKA CATTLEMEN MET THIS WEEK TO DISCUSS CREATING A STATE BEEF CHECKOFF PROGRAM. ADDING THAT STATE COULD GENERATE AN ADDITIONAL SIX OR 7 MILLION DOLLARS FOR BEEF PROMOTION, EDUCATION AND RESEARCH.

CROP WATCH:

CROPWATCH THIS MORNING TAKES US TO THE SOUTHEAST. CINDI CLAWSON HAS DETAILS ON HOW THE RAIN IS IMPACTING THE WHEAT CROP AND GRAZING CONDITIONS, CINDI.

JOHN DEERE:

IN MACHINERY MINUTE THIS MORNING, WE'RE LOOKING AT NEW TECHNOLOGY TO HELP MAKE IRRIGATION DECISIONS ON THE FARM. IT'S A NEW HIGH TECH PRODUCT FROM JOHN DEERE.

COTTON PRICES:

IN AGRIBUSINESS TODAY - BASED ON CHINA'S DEMAND AND THE EXPECTATION OF FEWER ACRES IN THE SOUTH, COTTON PRICES REACHED A TEN-MONTH HIGH THURSDAY. COTTON CLOSED JUST UNDER 91-CENTS A POUND, UP MORE THAN TWO CENTS FROM WEDNESDAY. THE PRICES HAVEN'T BEEN THAT STRONG SINCE LAST APRIL.

DOW RUN:

THE DOW IS UP AGAIN TODAY. TRADERS ARE LOOKING TO SEE IF THE MARKET CAN FOLD IN A TENTH DAY OF GAINS. IT’S ON ITS LONGEST WINNING STREAK SINCE 1996.

PROFIT BRIEFING:

RECENTLY RELEASED FORECASTS PUT THE 2013 CORN CROP AT NEAR RECORD LEVELS. AND LATE SEASON SNOWSTORMS ARE HELPING WITH SOIL MOISTURE IN SOME PARTS OF THE EASTERN CORNBELT. HOWEVER, THE WESTERN CORNBELT IS STILL DRY. IN THIS WEEK'S PROFIT BRIEFING, PRO FARMER'S BRIAN GRETE AND JULIANNE JOHNSTON DISCUSS MARKET VOLATILITY DUE TO ACTIVE WEATHER.

ASIAN CARP TOURNEY:

ASIAN CARP HAVE BECOME A PESKY PROBLEM IN U-S WATERWAYS. WHILE COMPLETELY ELIMINATING THE FISH HAS BEEN DEEMED IMPOSSIBLE, SLOWING THE ISSUE IS NOW THE NAME OF THE GAME. AS NATIONAL REPORTER TYNE MORGAN SHOWS US, KENTUCKY OFFICIALS ARE TRYING TO CATCH AN ANSWER BY TURNING TO FISHING TOURNAMENTS ON THE BLUE-GRASS STATE'S WATERS. PREVENTATIVE MEASURES ARE BEING TAKEN FURTHER NORTH. AN ELECTRIC BARRIER IN A SHIPPING CANAL NEAR CHICAGO HAS BEEN PUT INTO PLACE TO STOP THE ASIAN CARP FROM MIGRATHING INTO LAKE MICHIGAN.

FOOD MANUFACTURING:

IN FOOD AND YOUR FAMILY, AS THE EMPLOYMENT RATE FLUCTUATES, PEOPLE WORKING IN FOOD AND BEVERAGE MANUFACTURING SEEMS TO BE HOLDING STRONG.

SODA CONSUMPTION:

WHILE OVERALL EMPLOYMENT HOLDS STRONG, MAKERS OF SODAS SEEM TO BEING FIZZLING OUT. SALES OF SODA, POP, COKE, WHATEVER IS YOUR WORD OF CHOICE, IS HURTING. FOLLOWING DECADES OF STRONG SALES, THE PEOPLE LOBBYING FOR HEALTHY BEVERAGES SEEM TO BE WINNING.  IN 1998, PEOPLE WERE DRINKING AN AVERAGE OF 54 GALLONS OF SODA EACH YEAR, VERSUS 42 GALLONS OF WATER.  TODAY, AMERICANS DRINK 17 PERCENT LESS SODA THAN IN 98. MEANWHILE, WATER CONSUMPTION HAS INCREASED WITH BOTTLE WATER SALES NEARLING DOUBLING.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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