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AgDay Daily Recap -November 19, 2012

November 19, 2012
 
 

TODAY ON AGDAY
NOVEMBER 19, 2012

RFS WAIVER DENIAL:

Good morning I’m Clinton Griffiths. The ethanol industry is chalking-up a victory as the federal government rules that corn-based ethanol is not causing economic harm. This is the second time EPA has denied the waiver request. In 2008, a request from the state of Texas was turned down. American Farm Bureau Federation says given current prices, the organization doesn't support a waiver. NCGA President Pam Johnson says 'we believe Administrator Jackson appropriately recognized petitioners did not properly prove severe nationwide economic harm had occurred thereby creating no justification for a waiver of the RFS." The National Cattlemen's Beef Association - along with many other livestock groups - is not happy with the ruling. NCBA President JD Alexander says quoting here - "In light of the most widespread drought to face the country in more than 50 years, the refusal to grant this waiver is a blatant example of the flawed policy of the RFS."

CATTLE ON FEED:

The USDA released its latest cattle on feed numbers late Friday. And it seems drought, high feed costs and a shrinking herd are combining to pusher fewer cattle into the nations feedlots.

DROUGHT IMPACT:

This year's drought remains fresh in many cattle producers' minds, but it seems the drought of 2011 left a bigger scar.

CROP WATCH:

We heard from a couple states where harvest is dry, but at least it's not challenging. Mike Hoffman has details in cropwatch.

RUSSIA TRADE:

In agribusiness today - in one of its first votes of this lame duck session, congress voted to approve permanent normal trade relations with Russia.

SOYBEAN TESTS:

As harvest wraps up in the mid-south, soybean trial results are being calculated. Monsanto Company says despite the challenges of weed resistance, its second generation roundup soybean system continues to work.

ANALYSIS:

Talk about the so-called fiscal cliff has moved the markets. In today's analysis, Al Pell talks to Joe Vaclivik of Standard Grain to discuss the uncertainty going into 2013.

DUST BOWL:

If you missed part one, there's still a chance to see documentarian Ken Burn's latest film 'Dust Bowl.'
It's a poignant look at one of America’s worst ecological disasters. Severe drought in the 1930's combined with unsustainable farming practices led to that disaster. Oklahoma State University's Dave Deken looks back at how the Oklahoma wind whipping down the plain helped change the way we farm. The Ken Burns documentary continues tonight on PBS.

HOSTESS:

Future generations may not ever get to experience a favorite snack-time treat.
We told you Friday, about a labor dispute at the Hostess Company...the makers of Twinkies, Ho Hos and Wonderbread. The company officially ended production and closed its doors Friday, putting 18-thousand people out of work.

PENTAGON JERKY:

By now we should all be aware of the fiscal challenges facing the country. Which is what makes the next story so surprising.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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