Apr 20, 2014
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THIS WEEK ON U.S. FARM REPORT

EPISODE # 2109

JANUARY 11-12, 2014   

 

 

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M TYNE MORGAN, IN FOR JOHN PHIPPS. WELL, IT'S FINALLY HERE. USDA HAS RELEASED ITS FINAL PRODUCTION NUMBERS FOR 2013. FOR THOSE THAT THOUGHT THERE WAS NO WAY AMERICAN FARMERS COULD PRODUCE 14 BILLION BUSHELS OF CORN AFTER THE WEATHER EXTREMES, WE FINALLY GET AN ANSWER.

HEADLINES:

USDA RELEASED ITS FINAL CROP PRODUCTION NUMBERS FOR THE 2013 YEAR. THE AGENCY LOWERED THE CORN YIELD TO 158 POINT 8 BUSHELS PER ACRE, A 1 POINT 6 BUSHEL DROP FROM THE NOVEMBER FORECAST. THAT'S PUTS THE TOTAL CROP AT A RECORD 13 POINT 9 BILLION BUSHELS.  SOYBEAN YIELD CAME IN AT 43 POINT 3 BUSHELS PER ACRE, JUST SLIGHTLY ABOVE THEIR NOVEMBER FORECAST. TOTAL SOYBEAN PRODUCTION FOR THE YEAR IS PEGGED AT 3 POINT 29 BILLION BUSHELS, UP ONE PERCENT FROM NOVEMBER. COTTON YIELD IS ESTIMATED AT 826 POUNDS PER ACRE, UP 20 POUNDS FROM THE DECEMBER FORECAST. TOTAL CROP IS UP ONE PERCENT AT 13 POINT 2 MILLION BALES. USDA ALSO PROVIDED ITS FIRST WINTER WHEAT PLANTINGS REPORT. THE AGENCY EXPECTS 41 POINT 9 MILLION ACRES TO BE SEEDED IN WINTER WHEAT THIS YEAR. THAT'S DOWN 3% FROM 2013. FARMERS COULD MAKE A BIG SWITCH TO MORE SOYBEANS NEXT YEAR. THAT'S ACCORDING TO THE FARM FUTURES SURVEY WHICH GATHERS RESPONSES FROM MORE THAN 16 HUNDRED FARMERS. THE SURVEY FOUND FARMERS WILL PLANT 92 POINT 2 MILLION ACRES OF CORN IN 2014. THAT'S DOWN ALMOST FOUR PERCENT FROM USDA'S NOVEMBER ESTIMATE. BASED ON RESULTS, FARM FUTURES PEGS SOYBEAN PLANTINGS AT 82 POINT 3 MILLION ACRES. THAT'S UP 7 POINT 6 MILLION FROM 2013. MEANWHILE, MONSANTO'S FIRST QUARTERS EARNINGS ECHO THAT SHIFT. THIS WEEK THE COMPANY ANNOUNCED CORN SEED SALES ARE DOWN 7 PERCENT IN THE FIRST QUARTER OF THE YEAR. AND SOYBEAN SALES ARE UP 16 PERCENT. CONGRESS WAS BACK AT WORK THIS WEEK, BUT NO FORMAL FARM BILL AGREEMENT WAS ANNOUNCED. BEFORE BREAK, THE CONFERENCE COMMITTEE LEADERS SAID THEY WERE CLOSE TO HAVING A DEAL WORKED OUT. HOWEVER, NO DETAILS WERE RELEASED. THE LEADERS SAID THEY'D REVEAL THEIR PLAN UPON RETURNING FROM BREAK, BUT THAT DIDN'T HAPPEN THIS WEEK. CONGRESS HAS UNTIL THE END OF JANUARY TO EITHER PASS A NEW FARM BILL OR EXTEND THE CURRENT LEGISLATION.

CROP WATCH:

CROP WATCH THIS WEEK.

ROUNDTABLE:

WE BREAK DOWN THE NUMBERS OF THE HIGHLY ANTICIPATED USDA REPORT WITH GREGG HUNT AND BILL BEIDERMAN.

JOHN’S WORLD:

EARLIER THIS WEEK, THE GROCERY MANUFACTUERS ASSOCIATION DID SOMETHING THEY HOPE WILL EASE THE MOVEMENT OF STATE LABELING LAWS. THE ASSOCIATION DRAFTED A PROPOSED BILL FOR THE FDA TO DEVELOP A VOLUNTARY FEDERAL LABELING STANDARD FOR GENETICALLY-ENGINEERED FOODS. THE ASSOCATION ALSO ASKED FDA TO CREATE A CLEAR-CUT DEFINITON OF NATURUAL FOODS, WHICH THEY BELIEVE SHOULD INCLUDE GMOs. NOW, LET'S GET JOHN'S TAKE ON THE ISSUE IN THIS WEEK'S COMMENTARY.

2ND HALF

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M TYNE MORGAN, IN FOR JOHN PHIPPS. THE POLAR VORTEX HAD QUITE THE GRIP ON THE U-S THIS WEEK. AND WHILE SOME AREAS ARE FINALLY SEEING A WARM-UP, THE BRUTAL WEATHER DID HAVE AN IMPACT ON AGRICULTURE. AND THAT'S ALL IN TODAY'S HEADLINES.

HEADLINES:

IT WAS A GOOD WEEK FOR CASH CATTLE FUTURES, SHOOTING TO A RECORD- HIGH. THE COLD SNAP HELPED FUEL THE PRCE MOVE BECAUSE OF TRANSPORTATION ISSUES AND WEIGHT GAIN CONCERNS. ON WEDNESDAY, CASH CATTLE PRICES HIT A DOLLAR 37 A POUND.  THAT'S THE HIGHEST LEVEL SINCE CHICAGO BAGAN TRADING THOSE CONTRACTS BACK IN 1964. OKLAHOMA STATE LIVESTOCK SPECIALIST DERRELL PEEL SAYS THE RECENT COLD STINT COULD HURT THE CONSUMER SIDE. MEANWHILE, IT'S STILL UNKNOWN WHAT TYPE OF IMPACT THE FRIGID TEMPERATURES HAD ON THE NATION'S FRUIT CROP. ACCORDING TO CALIFORNIA CITRUS MUTUAL, THEY ARE STILL TRYING TO ASSESS THE FREEZE DAMAGE FROM DECEMBER.  THE FIRM SAYS THEY DO KNOW THE DAMAGE VARIES SIGNIFICANTLY, DEPENDING ON THE AREA.  ABOUT 25 PERCENT OF THE NAVAL ORANGES HAVE BEEN HARVESTED. BUT HARVEST NUMBERS ARE EXPECTED TO BE DOWN. GOOD NEWS FOR THOSE OF YOU TIRED OF THE COLD. USDA METEOROLOGIST BRAD RIPPY SAYS THIS RECENT ARTIC BLAST WAS A RARITY. HE SAYS MOST AREAS SHOULD TURN MILDER THAN NORMAL FOR THE REST OF THE WINTER. THERE'S ALSO GOOD NEWS FOR PORTIONS OF SOUTHWEST AND CALIFORINA DESPERATE FOR RAIN. HE SAYS THE SYSTEM THAT TYPICALLY PROVIDES WETTER THAN NORMAL WEATHER IS BREWING AND COULD ARRIVE LATE IN THE YEAR. AND SMITHFIELD FOODS ANNOUNCED THIS WEEK IT'S ASKING ALL ITS HOG SUPPLIERS TO PHASTE OUT THE USE OF GESTATION STALLS. THE COMPANY SAYS IT'S DOING SO BECAUSE OF CUSTOMERS DEMAND FOR MORE HUMANE TREATMENTS OF ANIMALS. SMITHFIELD IS ASKING FARMERS TO END USE OF THE CRATES BY 20-22. TYSON FOODS SENT A LETTER TO ITS HOG PRODUCERS THIS WEEK, URGING THEM TO USE SPECIFIC PRODUCTION PRACTICES THAT REFLECT THE COMPANY'S EFFORTS FOR MORE HUMAN ANIMAL CARE. THAT INCLUDES ASKING PRODUCERS TO USE VIDEO MONITORING IN SOW STALLS. TYSON ALSO WANTS FARMERS TO END THE USE OF TAIL DOCKING AND DO AWAY WITH GESTATION STALLS.

COLOMBIA LIVESTOCK:

RECENTLY I TOOK A TRIP TO COLOMBIA WITH THE UNITED SOYBEAN BOARD. REGIONAL REPORTER MICHELLE ROOK WAS ALSO ON THE TRIP. THE BOARD CHOSE THAT SOUTH AMERICAN COUNTRY BECAUSE OF THE RECENT COLOMBIA FREE TRADE AGREEMENT. UNDER THE AGREEMENT, MORE THAN 80 PERCENT OF U-S EXPORTS, INCLUDING AGRICULTURAL GOODS, ARE DUTY FREE. THIS PAST SUMMER, THE F-T-A CAUSED RIOTS WITHIN THE COUNTRY. THIS IS FOOTAGE ROM JUST NORTH OF BOGATA, WHICH IS THE CAPITAL OF COLOMBIA. PROTESTORS THREW FRUITS AND VEGETABLES, DEMANDING SUBSIDIES TO POTATO, MILK AND ONION PRODUCERS, AS WELL AS DEMANDING THE GOVERNMENT TO REDUCE THE IMPORTS OF THOSE FOODS. THE COLOMBIA AG MINISTER BLAMED UNION LEADERS and EXTREMISTS GROUPS, NOT LOCAL FARMERS, FOR THE RIOTS.

COLOMBIA DAIRY FARMER:

THROUGHOUT THE 1970S AND 1980S, MEDELLIN, THE SECOND LARGEST CITY IN COLOMBIA, BECAME KNOWNS FOR ITS DRUG CARTEL. FINALLY, IN 1993, THE GOVERNMENT WAS ABLE TO DISMANTLE THE POWERFUL CARTEL. NOW, SOME OF THE COUNTRY ROADS OUTSIDE OF MEDELLIN ARE HOME TO THE AREA'S BEST KEPT SECRET -- A TRUE OASIS TO COLOMBIAN RESIDENTS TIRED OF CITY LIFE.

TRACTOR TALES 2:

IN THIS EDITION OF TRACTOR TALES, WE HEAD TO AUSTIN, MINNESOTA TO LOOK AT A 1953 G ALLIS CHALMERS.

COUNTRY CHURCH SALUTE:

AND OUR COUNTRY CHURCH SALUTE GOES TO THE GRANTVILLE UNITED METHODIST CHURCH IN GRANTVILLE, KANSAS. FIRST ORGANIZED BY A CIRCUIT-RIDING PREACHER IN 1855, THE CHURCH'S FIRST HOME WAS BUILD IN 1876. IN 1909, THE BUILDING WAS STRUCK BY LIGHTENING AND BURNED. BUT IN 1910, THIS CURRENT BUILDING WAS BUILT, WITH A FELLOWSHIP HALL AND CLASSROOMS. AND THE DESCENDATNS OF THE ORIGINAL MEMBERS STILL ATTEND THE GRANTVILLE UNITED METHODIST CHURCH TODAY. OUR THANKS TO JAN BIGHAM FOR SHARING THEIR STORY. AND OUR NEXT COUNTRY CHURCH SALUTE IS FROM THE ST. PAUL LUTHERAN CHURCH IN OREGON, ILLINOIS. IT'S CELEBRATING IT'S 165TH ANNIVERSARY THIS MONTH. CONGRATULATIONS. GERMAN LUTHERANS FROM THE EAST COAST ORGINALLY SETTLED THE AREA, AND STARTED THE CURCH IN 1848. THE FIRST CHURCH BUILDING SAT ON THE COURTHOUSE SQUARE. ITS BELL RANG AT THE END OF THE CIVIL WAR AND AGAIN WITH THE DEATH OF PRESIDENT LINCOLN. TODAY, THE THIRD CHURCH BUILDING IS WHAT THE CONGREGATION CALLS HOME, WHICH WAS BUILT IN THE 1950S. OUR THANKS TO ANNE JONES FOR SENDING IT IN.

MAILBAG:

TIME NOW FOR OUR WEEKLY LOOK INSIDE THE FARM REPORT MAILBAG.

As always, we want to hear from you, send comments to mailbag@usfarmreport.com or leave us a voice mail at 800-792-4329.

 


 

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