AgDay Daily Recap -April 23, 2015

April 23, 2015 02:57 AM
 

TODAY ON AGDAY
APRIL 23, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - THE GOVERNMENT SAYS THE STRAIN OF AVIAN FLU HITTING THE POULTRY SECTOR IS NOT A BIG THREAT TO PEOPLE.  BUT WILL EXPORT MARKETS STILL TAKE A HIT? WE'LL TAKE A CLOSER LOOK. MILK PRODUCTION NUMBERS SHOWING STRESS IN CALIFORNIA. IN AGRIBUSINESS...THE CHANGING TIDES IN TRADE, AND FOLLOWING CLYDESDALES FROM FOAL TO FAME. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
AVIAN FLU UPDATE:
GOOD MORNING I'M CLINTON GRIFFITHS. AS A MAJOR IMPORTER OF U-S POULTRY TOUGHENS ITS BAN, THE AG DEPARTMENT IS WORKING TO QUALM CONCERNS ABOUT THE SAFETY OF CHICKEN AND TURKEY...AND THAT'S OUR TOP STORY ON AGDAY.
AL VACCINES:
ALSO DURING THAT NEWS CONFERENCE, USDA DISCUSSED THE USE OF VACCINES TO HELP STEM THE SPREAD OF THE AVIAN FLU VIRUS. THE AG DEPARTMENT SAYS IT'S HESITANT TO ENCOURAGE FARMERS TO VACCINATE THEIR FLOCKS AS IT COLD FURTHER DISRUPT EXPORTS OF U-S POULTRY AND EGGS. STILL, EFFORTS ARE UNDERWAY BY USDA AND THE PRIVATE SECTOR TO CREATE A VACCINE FOR H-5-N-2. ONE OF THOSE PRIVATE VENDORS IS IOWA-BASED HARRIS VACCINES.
HARRIS LABS:
YOU MAY REMEMBER, WE TOURED THE HARRIS LABS LAST YEAR AS THEY WORKED ON CREATING A VACCINE FOR PORCINE EPIDEMIC DIARRHEA VIRUS. IT WAS THE FIRST PRIVATE COMPANY TO GET APPROVAL FROM USDA TO MARKET THEIR VACCINE FOR PEDV. A SPOKESMAN FOR HARRISVACCINES SAYS THEIR RESEARCHERS USE THE GENETIC SEQUENCE TO DEVELOP VACCINES. IN THIS CASE IT COULD TAKE FOUR-TO-SIX WEEKS TO CREATE A VACCINE FOR H5N2. THE COMPANY WOULD STILL NEED TO GET APPROVAL FROM USDA TO LICENSE AND MARKET A VACCINE WHICH COULD TAKE MONTHS.HARRIS IS ALSO WORKING ON A VACCINE FOR THE CANINE VIRUS CURRENTLY SPREADING IN THE MIDWEST ESPECIALLY AROUND CHICAGO…
TPA HEARINGS:
WASHINGTON CONTINUES TO WORK THROUGH DISAGREEMENTS ON GIVING PRESIDENT OBAMA "FAST TRACK" AUTHORITY NEGOTIATES TRADE DEALS.THE SENATE FINANCE COMMITTEE HEARD TESTIMONY ON THE PROS-AND-CONS OF TRADE PROMOTION AUTHORITY. T-P-A LETS CONGRESS APPROVE OR REJECT TRADE DEALS, BUT NOT AMEND. MANY U-S LABOR GROUPS ARE AT ODDS WITH BUSINESS GROUPS ON GIVING THE PRESIDENT THAT POWER.
MILK PRODUCTION:
USDA ROLLING OUT ITS MILK PRODUCTION NUMBERS FOR THE FIRST QUARTER…JANUARY TO MARCH U-S PRODUCTION IS UP ONE POINT 7 PERCENT TO ALMOST 52 BILLION POUNDS. JUST LOOKING AT MARCH-- DROUGHT STRESSED CALIFORNIA SEEING PRODUCTION FALL FOR THE FOURTH STRAIGHT MONTH...WHILE REMAINING THE NATION'S NUMBER ONE PRODUCER. SOUTH DAKOTA HOWEVER SEEING BIG SPIKE--- NUMBERS UP NEARLY 10 PERCENT. PRODUCTION PER COW AVERAGING 19-HUNDRED 59 POUNDS--THE HIGHEST MARCH TOTAL SINCE THE DATA STARTED BEING COLLECTED BACK 2003. THE NATION'S HERD IS 86 THOUSAND HEAD HIGHER THAN A YEAR AGO---BUT DOWN FROM LAST MONTH.
VERMONT GMO:
 THE VERMONT ATTORNEY GENERAL'S OFFICE NOW FORMALLY ADOPTING THE LAW REQUIRING THE LABELING OF FOOD PRODUCED WITH GENETIC ENGINEERING.THE RULE IS SET TO TAKE EFFECT NEXT JULY FIRST. THE FINAL PAPERWORK DETAILING HOW THE "PRODUCED WITH GENETIC ENGINEERING" LABEL SHOULD APPEAR ON PROCESSED FOODS, LISTS THE EXEMPTIONS FROM THE LABELING REQUIREMENT AND CONTAINS ENFORCEMENT PROVISIONS FOR VIOLATING THE LAW.
TEASE:
WHEN WE COME BACK AL PELL DISCUSSES THE CHANGING TIDES OF INTERNATIONAL TRADE.
AND LATER IN BEEF TODAY, THE FEDERAL RESERVE SAYS CATTLEMEN ARE BORROWING MORE MONEY IN 2015.
BTR FARMER LOANS:
 THE FEDERAL RESERVE BANK OF KANSAS CITY SAYS LOAN VOLUMES FOR CATTLMEN AND FARMERS CONTINUES TO INCREASE. IT'S FEBRUARY SURVEY SHOWS NON-REAL ESTAET FARM LOANS ARE 8 POINT 1 BILLION DOLLARS HIGHER THAN THE SAME TIME LAST YEAR.
LOANS FOR FEEDER LIVESTOCK INCREASED 20 PERCENT COMPARED TO THE SAME MONTH LAST YEAR...MUCH OF THAT IN CONJUNCTION WITH HERD REBUILDING. ADDING LOWER GRAIN PRICES CONTINUE TO STRESS THE FARM SIDE OF THE PICTURE. OVERALL, THE K-C FED SAYS CREDIT CONDITIONS ARE IN GOOD SHAPE AND LOAN DELINQUENCY RATES ARE LOW.
TEASE:
 YOU'VE SEEN THOSE MASSIVE CLYDESDALES ON BEER COMMERCIALS. NOW WE'LL TAKE YOU TO A FARM WHERE THEY GROW FROM FOAL TO FAMOUS...WHEN AGDAY CONTINUES.
CLOSE:
THE CLYDESDALE SALE RUNS TODAY THROUGH SATURDAY IN ST. LOUIS. MOST HORSES ARE EXPECTED TO GO FOR ANYWHERE FROM 5-THOUSAND TO 35-THOUSAND, BUT ONE LAST YEAR WENT FOR SIXTY.THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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