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AgDay Daily Recap -June 27, 2013

June 27, 2013
 
 

TODAY ON AGDAY

JUNE 27, 2013

 

USDA REPORTS:

GOOD MORNING I'M AL PELL IN FOR CLINTON GRIFFITHS. AS THE INDUSTRY PREPARES FOR THE NEXT ROUND OF USDA REPORTS, QUESTIONS ARE RAISED ABOUT HOW MANY ACRES OF CORN HAVE ACTUALLY BEEN PLANTED. GRAIN TRADERS ARE KEEPING A CLOSE EYE ON IOWA WHICH IS THE NUMBER ONE CORN PRODUCING STATE IN THE COUNTRY. RIGHT NOW MANY FARMERS IN THE STATE ARE DEALING WITH AN EXTRAORDINARY AMOUNT OF WATER THIS SPRING.

CROP WATCH:

THERE ARE OTHER SATURATED REGIONS IN THE EASTERN CORNBELT. MIKE HOFFMAN HAS DETAILS IN CROPWATCH.

USDA AG APPROPRIATIONS:

IN OTHER NEWS - ONE WEEK AFTER THE FARM BILL FAILED TO PASS THE HOUSE, NOW THE WHITE HOUSE IS THREATENING TO VETO THE USDA BUDGET. THE AG FUNDING BILL IS AWAITING DEBATE IN THE HOUSE. THE HOUSE VERSION CUTS SOME OF THE BUDGET FOR THE COMMODITY FUTURES TRADING COMMISSION. THE WHITE HOUSE SAYS THE BILL PROVIDES TOO LITTLE MONEY FOR C-F-T-C WHICH OVERSEES THE FUTURES MARKET. THE OBAMA ADMINISTRATION REQUESTED 315-MILLION, BUT THE HOUSE BILL PENCILED-IN 195-MILLION DOLLARS.

MISSISSIPPI CATFISH:

CATFISH CAN OFTEN HAVE A MUSTY OR MUDDY TASTE TO IT. OFTEN IT'S CAUSED BY BLUE-GREEN ALGAE. THAT TASTE WILL TURN PEOPLE AWAY. A CATFISH FARMER IN NORTHWEST MISSISSIPPI IS SO CONCERNED ABOUT THE TASTE OF HIS PRODUCT, IT'S THE PRIMARY FOCUS OF HIS BUSINESS PLAN. IN FACT, THE COMPANY EVEN LABELS THE FISH AS "CERTIFIED-ON-TASTE". IN THIS REPORT FROM MISSISSIPPI STATE EXTENSION, ARTIS FORD SHOWS US HOW "PRIDE OF THE POND" IS STAYING AFLOAT AS THE INDUSTRY STRUGGLES TO KEEP ITS HEAD ABOVE WATER.

KANSAS CITY BOARD OF TRADE:

IN AGRIBUSINESS TODAY - A PIECE OF AGRICULTURAL HISTORY IS COMING TO A CLOSE THIS WEEK. THE KANSAS CITY BOARD OF TRADE WILL DISCONTINUE ITS HARD RED WINTER WHEAT FUTURES AND OPTIONS TRADE ON FRIDAY. THE WHEAT TRADE HAS BEEN LIFEBLOOD OF K-C-B-T FOR 157 YEARS. THE K-C BOARD WAS PURCHASED IN OCTOBER BY THE CME GROUP. ALL BUSINESS CONDUCTED AT THE KCBT IS HEADED TO CHICAGO.

WISCONSIN DAIRY:

GENERATIONS OF DAIRY FARM FAMILIES AND DAIRY FAMILY BUSINESSES HAVE BEEN PART OF WISCONSIN'S DAIRY INDUSTRY FOR MORE THAN 160 YEARS.  IN THIS VIDEO SEGMENT PROVIDED BY THE WISCONSIN MILK MARKETING BOARD, WE'RE HIGHLIGHTING A FAMILY-OWNED BUSINESS THAT IS CELEBRATING A CENTURY OF SERVICE TO ITS COMMUNITY - LAMERS DAIRY OF APPLETON.

CHINESE PORK CONSUMPTION:

WE'VE TALKED A LOT ON THIS SHOW ABOUT THE PROPOSED PURCHASE OF SMITHFIELD FOODS BY A CHINESE MEAT PACKER. SMITHFIELD IS A HUGE PORK PRODUCER IN THIS COUNTRY. ECONOMISTS AT THE UNIVERSITY OF ILLINOIS LOOKED AT PORK CONSUMPTION IN CHINA AND COMPARED IT TO THE U-S.

MELON SEASON:

WITH THE JULY 4TH HOLIDAY APPROACHING, CALIFORNIA MELON FARMERS SAY THEIR HARVESTS HAVE BEEN RUNNING AHEAD OF A TYPICAL SCHEDULE.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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