AgDay Daily Recap -February 18, 2015

February 18, 2015 02:57 AM
 

TODAY ON AGDAY
FEBRUARY 18, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY WINTER WEATHER ISN'T ENOUGH TO KEEP CATTLE FUTURES UP. PLUS, RED HOT IN 2014, CATTLE PRICES ARE COOLING IN THE NEW YEAR…WE HAVE AN OUTLOOK FROM THE CATTLE INDUSTRY CONVENTION. IN AGRIBUSINESS A HEALTH CHECK ON THE PORK INDUSTRY AND THE OIL BOOM IN NORTH DAKOTA HAS BEEN GREAT FOR THE ECONOMY AND JOBS BUT THERE ARE CHALLENGES WITH INFRASTRUCTURE...INCLUDING EDUCATON. AGDAY BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
CATTLE PRICES:
GOOD MORNING I'M CLINTON GRIFFITHS. WINTER WEATHER IS POURING ACROSS THE COUNTRY JUST AS AMERICA'S CATTLEMEN BEGIN CALVING SEASON...AND THAT'S OUR TOP STORY ON AGDAY.
WV TRAIN DERAIL:
THE FIRE IS OUT BUT CLEAN-UP WILL TAKE DAYS AFTER A OIL-HAULING TRAIN JUMPED THE TRACKS IN WEST VIRGINIA.
FERTILIZER USE:
WITH A GROWING GLOBAL POPULATION, MORE FOOD IS NEEDED. AND THE UNITED NATIONS SAYS THAT COULD MEAN MORE FERTILIZER USE IN THE COMING YEARS.
THE U-N'S FOOD AND AGRICULTURE ORGANIZATION EXPECTS WORLDWIDE FERTILIZER USE TO INCREASE BY TWO-PERCENT ANNUALLY. THE F-A-O EXPECTS DEMAND TO INCREASE FOR NITROGEN, PHOSPHATE AND POTASH. DEMAND FOR NITROGEN FERTILIZERS IS EXPECTED TO GROW ABOUT FASTEST IN SUB-SAHARAN AFRICA WITH A FIVE PERCENT INCREASE.
NORTH AMERICAN FARMERS ARE PROJECTED TO INCREASE USE BY LESS THAN ONE PERCENT.
CROP WATCH:
FROM EASTERN OKLAHOMA TO EASTERN MASSACHUSETTS, WINTER IS WEARING-OUT ITS WELCOME. MIKE HOFFMAN HAS MORE IN CROPWATCH.
TEASE:
WHEN WE COME BACK THE DEATH-GRIP OF P-E-D-V HASN'T BEEN AS TIGHT THIS WINTER. WE'LL LOOK AT SOME OF THE REASONS WHY. PLUS WE HAVE OUR DAILY STOP AT THE CHICAGO BOARD OF TRADE.
IMMIGRATION RULING:
A FEDERAL JUDGE IN TEXAS SAYS QUOTE, "THE GENIE WOULD BE IMPOSSIBLE TO PUT BACK INTO THE BOTTLE." THAT IN REGARDS TO A DECISION ON THE PRESIDENT'S EXECUTIVE ACTION ON IMMIGRATION. THE SOUTH TEXAS JUDGE TEMPORARILY BLOCKING PRESIDENT OBAMA'S ORDERS GIVING 26 STATES MORE TIME TO PURSUE A LAWSUIT.
WALMART WORKERS:
THE LA TIMES SAYS WALMART IS TEAMING UP WITH THE MEXICAN GOVERNMENT TO WORK ON IMPROVING THE FARM WORKER CONDITIONS IN MEXICO. MEXICO'S SECRETARY OF AGRICULTURE CALLS THE MOVE HISTORIC...AND WILL FOCUS ON ENFORCING WAGE LAWS, IMPROVING HOUSING, SCHOOLS AND HEALTHCARE FOR ROUGHLY 1 MILLION WORKERS.
THAT SHOULD COVER BOUT 90 PERCENT OF MEXICO'S PRODUCE EXPORTS TO THE U.S.
THE MOVE COMES AFTER A RECENT NEWS INVESTIGATION UNCOVERED LABOR ABUSES AT AGRIBUSINESSES THAT SUPPLY U.S. SUPERMARKETS AND RESTAURANTS.
DEL MONTE EARNINGS:
SPEAKING OF PRODUCE, FRESH DEL MONTE PRODUCE ROLLING OUT ANOUTHER ROUGH FOURTH QUARTER. THE FRUIT COMPANY POSTING A NET LOSS OF 400-MILLION DOLLARS IN Q-4.DESPITE THE DISMAL END TO THE YEAR…THE COMPANY SAYS IT NET INCOME ROSE IN 2014 TO 142 MILLION....COMPARED TO 34 MILLION DOLLAR LOSS THE YEAR PRIOR.
DEL MONTE SAYS REVENUES IMPROVED THANKS TO HIGHER PRICES AND MORE VOLUME IN BANANA SALES.
ITC OIL BOOM SCHOOLS:
AN INDUSTRY BOOM LIKE THE ONE IN NORTH DAKOTA OFTEN SENDS RIPPLES THROUGH THE COMMUNITIES WHERE ITS HAPPENING. IN NORTH DAKOTA, TINY TRAILERS AND PACKED SCHOOLS ARE A WAY OF LIFE FOR MANY CHILDREN LIVING IN OIL COUNTRY.  MARTHA IRVINE TAKES US TO AN ELEMENTARY SCHOOL WITH STUDENTS FROM 50 STATES AND MORE THAN 20 COUNTRIES.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

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