AgDay Daily Recap -June 13, 2013

June 13, 2013 04:57 AM
 

TODAY ON AGDAY

JUNE 13, 2013

 

S&D REPORT:

GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. THE GRAIN INDUSTRY WAS WATCHING AND WONDERING HOW USDA'S GRAIN LEDGERS WOULD ACCOUNT FOR THE LOUSY WEATHER IN MAY.

CORN PLANTINGS:

USDA NUMBER-CRUNCHERS FEEL THE DELAYED COMPLETION OF SPRING PLANTING HAS RAISED THE LIKELIHOOD THAT THE SEASONAL WARMUP IN JULY WILL IMPACT POLLINATION AND KERNEL SET. THAT SAID, USDA MADE NO CHANGE TO HARVESTED ACRES EVEN THOUGH PRIVATE ANALYTICAL FIRMS ARE ESTIMATING TWO-TO-THREE MILLION FEWER ACRES OF CORN. WE'VE HEARD FROM FARMERS, ESPECIALLY IN THE WESTERN CORNBELT AND UPPER MIDWEST, WHO ABANDONED SOME ACRES, CLAIMED IT ON PREVENT PLANT INSURANCE, OR SWITCHED TO SOYBEANS.

CROP ESTIMATES:

THE AG DEPARTMENT TRIMMED U-S CORN PRODUCTION ESTIMATES BY 135 MILLION BUSHELS TO JUST OVER 14 BILLION BUSHELS. IT REDUCED THE AVERAGE YIELD BY A BUSHEL AND A HALF TO 156-AND-A-HALF BUSHELS TO THER ACRE. WITH REDUCED PRODUCTION ESTIMATES, USDA TRIMMED NEW CROP CORN STOCKS BY 55 MILLION BUSHELS, LEAVING THE TALLY AT ONE-POINT-NINE BILLION BUSHELS. THAT WAS HIGHER THAN PRE-REPORT MARKET ESTIMATES. PROFARMER SENIOR MARKET ANALYST BRIAN GRETE GIVES HIS PERSPECTIVE OF THE REPORT.

WINTER WHEAT PRODUCTION:

DESPITE WEATHER CHALLENGES IN THE SOUTHERN PLAINS USDA INCREASED WINTER WHEAT PRODUCTION BY TWO PERCENT FROM ITS ESTIMATES IN MAY. USDA IS NOW FORECASTING AT ONE-AND-A HALF BILLION BUSHEL CROP. WHILE UP FROM MAY, IT'S DOWN EIGHT PERCENT FROM A YEAR AGO.
THE AVERAGE U-S WHEAT YIELD IS JUST OVER 46 BUSHELS AN ACRE, UP SEVEN-TENTHS FROM LAST MONTH.
OLD CROP ENDING STOCKS WERE INCREASED ON SLOWER EXPORT DEMAND. AND NEW-CROP ENDING STOCKS WERE LOWERED.

COLORADO FIRE:

THE NUMBER OF HOUSES DESTROYED BY A WILDFIRE NEAR COLORADO SPRINGS COULD GROW TO AROUND 100. THAT'S THE ESTIMATE FROM EL PASO COUNTY SHERIFF TERRY MUH-KEET-UH. HE SAYS UNPREDICTABLE WINDS MAKE IT A DANGEROUS BLAZE. FORTUNATELY, THERE ARE NO REPORTS OF ANYONE MISSING IN THE FIRE. AROUND 7,000 PEOPLE OVER 47 SQUARE MILES HAVE BEEN EVACUATED BY THE BLACK FOREST FIRE.

NEW MEXICO FIRE:

IN SOUTHWEST NEW MEXICO, A HUGE FIRE HAS BURNED MORE THAN 10 SQUARE MILES AND FORCED A TOWN TO EVACUATE. THE SILVER FIRE IS BURNING IN AN AREA THAT HASN'T SEEN FIRE IN DECADES.
CREWS BATTLING THE LIGHTNING-SPARKED SILVER FIRE WERE WORKING IN STEEP, RUGGED TERRAIN. THE FIRE IS LESS THAN 2 MILES FROM THE SMALL COMMUNITY OF KINGSTON, WHICH WAS EVACUATED MONDAY. MORE THAN 350 FIREFIGHTERS HAVE BEEN ASSIGNED TO THE FIRE. FIREFIGHTERS SAY TREES KILLED BY BARK BEETLES ARE HELPING TO FUEL THE FLAMES. SCIENTISTS SAY MILLIONS OF PINE TREES - FROM CANADA TO NEW MEXICO - ARE AT RISK OF THE INVADER. FORESTERS SAY DROUGHT REDUCES THE ABILITY OF TREES TO FEND-OFF THE ATTACKS OF THE BEETLES.
AS FAR AS THE DROUGHT - THE LATEST DROUGHT FROM NEW MEXICO SHOWS THAT VIRTUALLY THE ENTIRE STATE IS IN SEVERE DROUGHT OR WORSE. WHILE NEW MEXICO HAS BEEN IN DROUGHT FOR SEVERAL YEARS, THE INTENSITY HAS WORSENED. THREE MONTHS AGO, JUST FOUR PERCENT OF THE STATE WAS IN EXCEPTIONAL DROUGHT. NOW IT'S NEARLY HALF. USDA SAYS 97-PERCENT OF THE STATE'S GRAZING AND PASTURE LAND IS POOR TO VERY POOR.

CROP WATCH:

FROM THE DROUGHT-PLAGUED WEST TO THE SATURATED CORNBELT. CINDI CLAWSON HAS THIS MORNING'S CROPWATCH. GOOD MORNING CINDI.

FARM BILL:

DESPITE SOME CONCERNS ABOUT ASPECTS OF THE FARM BILL, HOUSE SPEAKER JOHN BOEHNER SAYS HE WOULD VOTE FOR THE HOUSE VERSION OF THE LEGISLATION. THE BILL IS DUE ON THE HOUSE FLOOR LATER THIS MONTH. THE SENATE APPROVED ITS VERSION THIS WEEK. THE OHIO REPUBLICAN VOTED AGAINST THE 2008 FARM BILL. THE SPEAKER SAYS THERE ARE ELEMENTS OF THE DAIRY PROVISION THAT HE DOESN'T LIKE. BUT HE SAYS 'BY DOING NOTHING, THERE WOULD NO CHANGES IN FARM AND NUTRITION PROGRAMS, WHICH HE SUPPORTS.

WEST TEXAS:

IT APPEARS THE FEDERAL GOVERNMENT WILL NOT HELP TO RE-BUILD THE SMALL TEXAS TOWN WHERE A DEADLY FERTILIZER EXPLOSION KILLED 15 PEOPLE AND LEVELED HUNDREDS OF BUILDINGS. ACCORDING TO A REPORT FROM THE ASSOCIATED PRESS, FEMA IS REFUSING TO PROVIDE MONEY TO HELP REBUILD THE TOWN OF WEST TEXAS. WHILE THE AGENCY HAS PROVIDED EMERGENCY FUNDS TO INDIVIDUAL RESIDENTS, IT SAYS THE DAMAGE IS NOT OF THE SEVERITY AND MAGNITUDE THAT WARRANTS A MAJOR DISASTER DECLARATION FOR THE ENTIRE COMMUNITY.

EQUIPMENT SALES:

FARM MACHINERY SALES CONTINUE TO BE ON THE RISE. ACCORDING TO THE ASSOCIATION OF EQUIPMENT MANUFACTURER'S MONTHLY FLASH REPORT, MAY TRACTOR SALES WERE UP MORE THAN 20 PERCENT OVER THE SAME TIME LAST YEAR. YEAR TO DATE TOTALS ARE ALSO RISING, WITH SALES INCREASING 13 PERCENT. COMBINE SALES SHOT UP 31 PERCENT ON THE MONTH.

LINDSAY EARNINGS:

MEANWHILE, NEAR RECORD FARM INCOME LAST YEAR, COUPLED WITH THE RECORD BREAKING DROUGHT, BODES WELL FOR PIVOT IRRIGATION SALES.  LINDSAY CORPORATION RELEASED ITS EARNINGS FOR THE FIRST HALF OF THIS YEAR. THE COMPANY'S REVENUES JUMPED UP 28 PERCENT SINCE THE FIRST OF THE YEAR. THEY ALSO SAW STRONG GAINS IN THE SECOND QUARTER, WITH A 33 PERCENT INCREASE.

PREVENTED PLANTING STIPULATION:

WE HAVE AN UPDATE FROM MINNESOTA REGARDING THE PREVENTED PLANTING STIPULATION WITH CROP INSURANCE. ACCORDING TO OUR PARTNERS AT PROFARMER NEWSLETTER, MINNESOTA FARMERS MUST REPORT PREVENTED PLANTING ACREAGE TO THE LOCAL F-S-A OFFICE BY JULY 15TH. THIS IS AN EXTENSION. NORMALLY, FARMERS MUST FILE 15 CALENDAR DAYS AFTER the FINAL PLANTING DATE FOR THE CROP. WITH SUCH AN UNSUALLY WET AND LATE PLANTING SEASON THIS YEAR, HOWEVER, F-S-A HAS TRIED TO SIMPLIFIY THE PROCESS GIVING THE HARD DATE OF JULY 15TH. PROFARMER SAYS THIS EXTENSION ONLY APPLIES TO F-S-A PAPERWORK, AND NOT TO CROP INSURANCE CLAIMS.  IN TODAY'S ANALYSIS, WHILE YESTERDAY'S SUPPLY AND DEMAND REPORT, THE PROJECTIONS FOR HARVESTED ACRES REMAINS UNCHANGED. GREGG HUNT TELLS AL PELL NUMBERS WON'T REFLECT A SHIFT OR DECREASE UNTIL NEXT MONTH.

PORK SHOWRING:

HOURS OF PRACTICE, GROOMING AND MENTAL PREPERATION TAKE PLACE BEFORE STEPPING FOOT IN THE SHOW RING. AND IT'S ALL TO HELP EXHIBITORS SHINE WHILE THE JUDGES EYES ARE ON YOU. DURING WORLD PORK EXPO LAST WEEK ON THE IOWA STATE FAIR GROUNDS, I CAUGHT UP WITH AN IMPRESSIVE OHIO YOUTH, WHO'S PASSION OUTSIDE THE RING, HELPS HER EXCEL WHEN IT'S SHOW-TIME.

SUNLIGHT:

IN FOOD AND YOUR FAMILY, ATTENTION DEFICIT HYPERACTIVITY DISORDER IS A STRUGGLE FOR MANY FAMILIES. ACCORDING TO ACADEMIC PEDIATRICS, MORE THAN 10 MILLION KIDS HAVE BEEN DIAGNOSED WITH H-D-H-D. THAT'S UP 66 PERCENT SINCE THE TURN OF the CENTURY. IN THIS REPORT PROVIDED BY THE OHIO STATE UNIVERSITY, CLARK POWELL TELLS US HOW THE REASON BEHIND THE DISORDER MAY BE SWITCHING FROM INTERNAL TO EXTERNAL.

CANTALOUPE SAFETY:

AS WE QUICKLY APPROACH THE OFFICIAL START DATE OF SUMMER, CANTALOUPE SEASON WILL SOON BE IN FULL SWING. JUST IN TIME, A NEW MANDATORY FOOD SAFETY PROGRAM IS NOW IN PLACE. AFTER THE RECENT CANTELOUPE SALMONELLA OUTBREAKS, THE STATE OF CALIFORNIA IS TAKING EXTRA STEPS TO ENSURE OUTBREAKS DON'T HAPPEN THIS YEAR. THE CALIFORNIA CANTELOUIPE ADVISORY BOARD SAYS THE NEW PROGRAM WILL REQUIRE GOVERNMENT AUDITS OF ALL CANTALOUPE PRODUCTION ACTIVIITES, INCLUDING GROWING, HARVESTING, PACKING AND COOLING.  THE STATE OF CALIFORNIA PRODUCERS THREE-QUARTERS OF ALL CANTELOUPES SOLD IN the U-S.

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
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