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AgDay Daily Recap -February 12, 2013

February 12, 2013
 
 

TODAY ON AGDAY
FEBRUARY 12, 2013

COTTON ACERAGE:

COMPETITION FROM OUTSIDE MARKETS AND OTHER CROPS WILL FORCE COTTON ACRES TO BE CUT IN HALF IN SOME STATES. AND THAT'S OUR TOP STORY ON AGDAY.

USDA LONG RANGE FORECAST:

THE USDA SAYS U.S. COTTON GROWERS WILL CONTINUE TO BE THE LEADING COTTON EXPORTER OVER THE NEXT TEN YEARS, AND GRAIN GROWERS WILL SEE FIERCE COMPETITION FOR EXPORTS. THAT IS PART OF IT'S LONG TERM PROJECTIONS FOR AGRICULTURE RELEASED MONDAY.

DAIRY TODAY:

USDA'S LONG TERM PROJECTS FOR DAIRY INCLUDES MORE PRODUCTION WITH FEWER COWS. THAT TOPS OUR DAIRY TODAY REPORT.

US MEAT EXPORTS:

WHEN IT COMES TO BEEF AND EXPORTS IT LOOKS LIKE 2012 WAS A RECORD YEAR. THE U.S. MEAT EXPORT FEDERATION SAYS BEEF AND PORK EXPORTS SET VALUE RECORDS FOR THE YEAR--BEATING ITS PREVIOUS RECORD FROM THE YEAR EARLIER. BEEF EXPORTS WERE UP 2 PERCENT TO 5 AND A HALF BILLION DOLLARS. IT NOW ACCOUNTS FOR ROUGHLY 13 PERCENT OF TOTAL BEEF PRODUCTION.

RUSSIAN MEAT BAN:

U.S. MEAT WON'T BE HEADED FOR RUSSIA. THAT COUNTRY SUSPENDED ALL IMPORTS OF U.S. MEAT ON MONDAY, CITING CONCERNS OVER THE FEED ADDATIVE RACTOPAMINE. THE USDA SAYS IT'S MADE SEVERAL REQUESTS TO DISCUSS THE SAFETY OF RACTOPAMINE. ADDING RUSSIA HAS REFUSED AND SIMPLY SUSPENDED MEAT IMPORTS. USDA SECRETARY VILSACK AND U.S. TRADE REPRESENTATIVE RON KIRK SAY THE MOVE RAISES QUESTIONS ABOUT RUSSIA'S COMMITMENT TO THE GLOBAL TRADING SYSTEM.

SEQUESTRATION:

TONIGHT, PRESIDENT BARAK OBAMA WILL SHARE HIS VISION FOR THE COUNTRY IN HIS FIFTH STATE OF THE UNION ADDRESS. SEQUESTRATION, WHICH ARE AUTOMATIC FEDERAL SPENDING CUTS, WILL MORE THAN LIKELY BE A KEY TOPIC. OUR PARTNERS AT AGRITALK ASKED AG SECRETARY VILSACK ABOUT PENDING CUTS ON MONDAY. VILSACK SAYS THE CUTS WILL HAVE A RIPPLE EFFECT, INCLUDING ON FOOD SAFETY AND 6 THOUSAND MEAT INSPECTOR JOBS.

CROP WATCH:

IN CROP WATCH THIS MORNING, WE'RE LOOKING AT THE RESULTS OF NEMO. THE POWERFUL SNOW STORM THAT HIT THE NORTH EAST OVER THE WEEKEND. MIKE HOFFMAN JOINS US WITH A LOOK AT THE AFTERMATH. MIKE.

NATIONAL ASSOCIATION OF WHEAT GROWERS:

CITING "PERSONAL CIRCUMSTANCES", THE CEO OF THE NATIONAL ASSOCIATION OF WHEAT GROWERS HAS STEPPED-DOWN FROM HER POST. ACCORDING TO A NEWS RELEASE FROM "NAWG", DANA PETERSON VOLUNTARILY RESIGNED EFFECTIVE LAST FRIDAY. THE NEWS RELEASE CAME OUT JUST YESTERDAY. AND NO OTHER EXPLANATION WAS GIVEN.
PETERSON SERVED AS CEO FOR THREE YEARS. ERIK YOUNGGREN - WHO SERVES AS GROWER-PRESIDENT OF THE ORGANIZATION - HE SAYS A SEARCH COMMITTEE HAS BEEN FORMED TO FIND A NEW CEO.

DRY MISSOURI:

WHILE SOME OF YOU MAY HAVE RECEIVED WINTER RAINS OR SNOW, IT COULD STILL TAKE TWO YEARS FOR CROPS AND SOIL TO RECOVER IN THE MIDWEST. THAT'S ANALYSIS OF A SOIL SCIENTIST FROM THE UNIVERSITY OF MISSOURI. RANDALL MILES FOUND THAT SOIL IN THE MIDWEST IS DRY DOWN TO AS DEEP AS 5 FEET. LAST YEAR HE FOUND SOME ROOTS HAD TO GO DOWN EIGHT FEET TO FIND WATER.

ANALYSIS:

OF COURSE THE DROUGHT CONTINUES TO SHORE-UP OLD-CROP CORN PRICES. PRO FARMER EDITOR CHIP FLORY TAKES A CLOSER LOOK IN ANALYSIS.

MISSOURI ART:

A RURAL MISSOURI TOWN IS COUNTING ON IT'S RICH CULTURAL HERITAGE AS A GATEWAY TO INCREASED ECONOMIC VITALITY. UNIVERSITY OF MISSOURI EXTENSION RECENTLY SELECTED LEXINGTON, MISSOURI AS THE PILOT SITE FOR A COMMUNITY ARTS PROJECT. KENT FADIS WITH MU EXTENSION HAS MORE. LEXINGTON IS THE FIRST COMMUNITY TO BE NAMED IN THE PILOT PROJECT. EVENTUALLY, THE PROJECT WILL INCLUDE OTHER COMMUNITIES IN THE STATEWIDE.

USDA LONG RANGE FOOD:

EARLIER WE TALKED ABOUT THE LONG RANGE FORECAST FOR PRODUCTION AG, BUT WHAT ABOUT FOOD PRICES? USDA SAYS AFTER THIS YEAR FOOD INFLATION SHOULD LEVEL OFF.

BACON FEST:

THE AROMA OF BACON FILLED THE AIR THIS WEEKEND IN DES MOINES, IOWA AS THOUSANDS GATHERED TO CELEBRATE THE POPULAR PORK PRODUCT. WELCOME TO THE "BLUE RIBBON BACON FESTIVAL", HELD AT THE IOWA STATE FAIRGROUNDS. THE ANNUAL EVENT FEATURED MORE THAN 10-THOUSAND POUNDS OF BACON SERVED IN UNUSUAL WAYS, SUCH AS CHOCOLATE-DIPPED BACON AND BACON-FLAVORED CUPCAKES AND GELATO.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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