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AgDay Daily Recap -February 12, 2015

08:57AM Feb 12, 2015

TODAY ON AGDAY
FEBRUARY 12, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - IS CHINA SKIRTING FAIR TRADE RULES? THE U-S SAYS YES. AND IT COULD IMPACT SOME FARM PRODUCTS.PLUS THE DISAPPEARANCE OF GRAZING LANDS...COULD BE A HURDLE AS COW NUMBERS CLIMB. IN AGRIBUSINESS...IMPACTS OF AN INCREASING INVENTORY.RECORD HIGH CALF VALUES AND PROFITABILITY A LONG WITH GREEN GRASS IT DOES LOOK LIKE WE'LL START TO EXPAND A REPORT FROM THE NATIONAL FARM MACHINERY SHOW. AND A PROJECT DEDICATED TO SAVING THE PLANETS MOST ENDANGERED SPECIES. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
CHINA EXPORT SUBSIDIES WTO:
GOOD MORNING I'M CLINTON GRIFFITHS. THE U-S ACCUSES CHINA OF UNFAIRLY SUBSIDIZING EXPORTERS OF MANY FARM PRODUCTS, MAKING IT DIFFICULT FOR U-S COMPANIES TO COMPETE FOR THOSE GLOBAL DOLLARS...AND THAT'S OUR TOP STORY ON AGDAY.
LONG TERM PROJECTIONS:
SHIPMENTS OF U-S GROWN, RAISED AND MANUFACTURED PRODUCTS ARE A KEY FACTOR IN THE ECONOMIC OUTLOOK FOR THIS COUNTRY. THE AG DEPARTMENT RELEASED IS LATEST LONG-TERM PROJECTIONS REPORT WHICH LOOKS OUT OVER THE NEXT TEN YEARS.
GLEASON SOYBEAN EXPORTS:
THE PRICE OF SOYBEANS HAS BEEN DROPPING AND MANY IN THE TRADE ARE VERY WORRIED ABOUT THE POTENTIAL FOR FUTURES TO CONTINUE TO MOVE LOWER. HOWEVER, THE FEBRUARY WASDE NUMBERS MAY SUGGEST SOME STRENGTH REMAINS. IN THIS REPORT FROM THE UNIVERSITY OF ILLINOIS, TODD GLEASON TELLS US WHERE THAT STRENGTH LIES.
TEASE:
THANKS TYNE. HAVE FUN.JUST AHEAD A CLOSER LOOK AT THE MOST RECENT CATTLE INVENTORY AND WHAT IT MEANS FOR PRICES IN THE YEAR AHEAD.
CATTLE FAX OUTLOOK:
AS WE TOLD YOU LAST WEEK AT THE 2015 CATTLE INDUSTRY CONVENTION, ANALYTICAL FIRM, CATTLEFAX ROLLING OUT IT PROJECTIONS FOR 2015. IT'S EXPECTING PRICES TO AVERAGE IN THE MID-150'S--WHICH WOULD BE HIGHER THAN LAST YEAR. 550 POUND STEERS ARE EXPECTED TO RANGE FROM 235 TO 285. I SPOKE ONE OF THEIR ANALYSTS ABOUT HOW STRONG PRICES ARE INFLUENCING HERD EXPANSION.
TEASE:
STRAIGHT AHEAD, IN BEEF TODAY REPORT, WILL AN EXPANDING HAVE ENOUGH PASTURELAND.NEW NUMBERS SUGGEST GRASS COULD GET SHORT.
ALFALFA PRICES:
IT LOOKS AS IF HISTORICALLY HIGH ALFALFA HAY PRICES WON'T STAY THROUGH ALL OF 2015. OUR FRIENDS FROM DAIRY TODAY REPORTING GLOBAL DEMAND FOR FORAGE THUS FAR IS KEEPIING PRICES HIGH, HOWEVER, PRICES ARE LIKELY TO START FALLING AS DEMAND FROM CHINA AND CALIFORNIA DAIRY'S DECLINE.  DAIRY TODAY SAYS IN CENTRAL CALIFORNIA --ALFALFA HAY HAS ALREADY FALLEN TO BETWEEN 250-290 DOLLARS PER-TON
THAT'S DOWN FROM LAST YEAR'S PEAK OF 339-DOLLARS. THE AVERAGE AMOUNT OF ALFALFA HAY FED TO CALIFORNIA MILK COWS DROPPED TO 7 POUNDS A COW PER DAY, DOWN FROM OVER 12 POUNDS IN 2004.
GRASS ACRES:
HAY DEMAND SHOULD STAY STRONG AS COW NUMBERS CONTINUE TO INCREASE.
PARTLY DRIVEN BY A DROP IN AVAILABLE GRASS OR PASTURE ACRES…
ACCORDING TO RECENT RABO-AGRIFINANCE STUDY USING THE RESENT CENSUS OF AGRICULTURE... FROM 2002 TO 2012 THE NUMBER OF AVAILABLE ACRES OF PASTURE LAND FELL BY 31 MILLION. RABO- RESEARCHERS SAY NOW THAT HERD AND COW NUMBERS ARE BACK ON THE RISE, THE LOSS COULD BECOME AN ISSUE.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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