AgDay Daily Recap -April 13, 2015

April 13, 2015 02:57 AM
 

TODAY ON AGDAY
APRIL 13, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY FARMERS ARE GETTING ANXIOUS TO GET IN THE FIELD, BUT IT DOESN'T LOOK LIKE MOTHER NATURE WILL COOPERATE NEXT WEEK...WE'LL TELL YOU WHAT IMPACT THIS COULD HAVE ON CROP PRICES. SOUTH AMERICA'S CROP JUST SEEMS TO KEEP GROWING. AND ONE OF IT'S MAIN BUYERS IS CHINA. OUR ANALYST TELLS US WHY IT'S A CROP OF TWO TALES. AND COOKING CAN BE BOTH HEALTHY AND FUN... IN MISSOURI, WE'LL SEE WHAT THEY'RE COOKING UP IN THE KITCHEN. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
WET OUTLOOK:
GOOD MORNING I'M BETSY JIBBEN IN FOR CLINTON GRIFFITHS. AS THE SOUTH BATTLES RAIN AND PUSHES PLANTING BACK, FARMERS IN THE MIDWEST ARE ALSO GETTING ANXIOUS TO GET IN THE FIELD. BUT NEXT WEEK DOESN'T LOOK PROMISING FOR FIELD WORK...AND THAT'S OUR TOP STORY ON AGDAY.
SEIFRIED:
WITH BIG USDA GRAIN REPORTS OUT OF THE WAY, NOW THE MARKET IS FOCUSING ON PLANTING DELAYS CAUSED BY RAIN. AS WE'VE BEEN REPORTING, SOUTHERN GROWERS HAVE BEEN FACING DOUBLE DIGIT DELAYS IN CORN PLANTING FOR A MONTH. BUT NOW THAT WE COULD SEE DELAYS IN THE CORN BELT, THAT'S WHEN TRADERS TUNE-IN.
OREGON DROUGHT:
 A PORTION OF OREGON IS SEEING 'EXCEPTIONAL DROUGHT CONDITIONS,' - THE MOST SEVERE RATING - FOR ONLY THE SECOND TIME IN FIFTEEN YEARS.  AND 82-PERCENT OF THE STATE IS AT SOME LEVEL OF DROUGHT. THE STATE'S GOVERNOR DECLARED DROUGHT EMERGENCIES IN FIVE COUTNIES.  MOST OF THE WEST COAST IS SUFFERERING FROM BELOW-NORMAL SNOWPACK. USDA SAYS SNOWPACK THROUGHOUT THE WEST - AND NOT JUST IN CALIFORNIA - IS MELTING EARLIER THAN USUAL.
ILLINOIS TWISTER:
STORM CHASERS GOT DANGEROUSLY CLOSE TO A TORNADO IN NORTH CENTRAL ILLINOIS AS IT CROSSED INTERSTATE 39 SOUTH OF ROCKFORD. THE DEADLY STORM DEVASTATED THE SMALL FARM TOWN OF FAIRDALE. THE NATIONAL WEATHER SERVICE DISPATCHED SURVEY TEAMS TO THE AREA AFTER AT LEAST TWO TORNADOES TORE THROUGH THE REGION.
CA WATER NUMBER:
 MEANWHILE, CALIFORNIA FARMERS DEALING WITH THE CRIPPLING DROUGHT ARE NOW COMING UNDER PRESSURE TO DO MORE. ENVIRONMENTALISTS SAY THE STATE'S FARMERS USE 80 PERCENT OF STATE'S WATER, AND THEY SHOULD BE FORCED TO MAKE THE MANDATORY 25 PERCENT CUTS, AS WELL. BUT THAT 80 PERCENT FIGURE IS NOW UP FOR DEBATE.THE CALIFORNIA WATER ALLIANCE SAYS ONCE YOU REMOVE THE ENVIRONMENTAL FACTORS OUT OF THE EQUATION, FARMERS USE JUST OVER 40 PERCENT. THEY CITE DATA FROM THE CALIFORNIA DEPARTMENT OF WATER RESOURCES AND OTHER WATER EXPERTS.
TURKEY EXPORTS:
THE LATEST GOVERNMENT DATA ON TURKEY SHIPMENTS REFLECTS THE GROWING OUTBREAK OF AVIAN FLU. THE USDA SUPPLY-AND-DEMAND REPORT SHOWED A REDUCTION IN THE FORECAST FOR POULTRY EXPORTS. THE AG DEPARTMENT EXPECTS A NEARLY SIX PERCENT CUT FROM LAST MONTH. THE S-AND-D REPORT PEGS TURKEY EXPORTS AT 720-MILLION POUNDS. THAT'S DOWN FROM 765 MILLION POUNDS PROJECTED IN MARCH. AT LEAST 40 COUNTRIES ARE RESTRICTING TURKEY SHIPMENTS FROM MINNESOTA. SINCE THE BEGINNING OF THE YEAR, BIRDS IN NINE STATES HAVE TESTED POSITIVE FOR THE H-5-N-2 STRAIN OF AVIAN FLU.
TEASE:
STILL TO COME TED SEIFRIED RETURNS TO THE AGRIBUSINESS DESK AS WE LOOK AT SOUTH AMERICAN HARVEST AND THE INTERNATIONAL MARKET.
CARGILL EARNINGS:
IN AGRIBUSINESS, STRONG MEAT MARGINS ARE HELPING CARGILL'S BOTTOMLINE. CARGILL REPROTED A 33 PERCENT IN EARNINGS NOW HITTING 425 MILLION DOLLARS…THAT'S FOR HTE QUARTER LASTING FROM DECEMBER THROUGH FEBRUARY. CARGILL SAYS THE COMPANY IS FACING CHALLENGES IN THE GRAIN SECTOR, INCLUDING GETTING HIT BY RUSSIA'S WHEAT EXPORT RESTIRICTIONS.
ANALYSIS INTRO:
USDA'S SUPPLY AND DEMAND REPORT LAST WEEK UPDATED THE CROP SIZE IN SOUTH AMERICA. AND FROM THE LOOKS OF IT, THE SOYBEAN SEEMS TO JUST KEEP GETTING BIGGER. BUT IT'S A TALE OF TWO STORIES. AL PELL DISCUSSES WITH TED SIEFRIED IN TODAY'S ANALYSIS. AL.
HONEYBEES:
MEANWHILE, A PURDUE HONEYBEE SPECIALIST SAYS THE HONEYBEE POPULATION SURCVIVED THIS WINTER BETER THAN LAST. THE 2013-2014 WINTER WAS BRUTAL ON BEES, WITH ONE OF THE LARGEST DIE-OFFS EVER RECORDED. IN INDIANA ALONE, THE MORTALITY RATE WAS 65 PERCENT. BUT PURDUE SAYS THERE ARE STILL SEVERAL THREATS FACING THE BEE POPULATION, BUT THEY HAVEN'T SEEN COLONY COLLAPSE DISORDER SYMPTOMS OCCUR IN INDIANA IN THE PAST COUPLE YEARS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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