AgDay Daily Recap -July 2, 2015

July 2, 2015 02:57 AM
 

TODAY ON AGDAY
JULY 2, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - A FIRST HAND LOOK AT THE BORDER BATTLE AND WHY ONE KEY STAKEHOLDER SAYS ITS TWO SEPARATE ISSUES...IT'S AN AGDAY EXCLUSIVE. PLUS, A CHECK OF CATTLE PRICES HEADING INTO THE HOLIDAY WEEKEND…IN AGRIBUSINESS....DID THE RECENT USDA REPORTS SET THE TONE FOR SUMMER MARKETS? AND COLLEGE ATHLETES TAKING TIME OUT TO BRINGS A SMILE TO KDS STUCK IN THIS MISSOURI HOSPITAL. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
IMMIGRATION:
GOOD MORNING I'M CLINTON GRIFFITHS. WHILE IMMIGRATION AND BORDER SECURITY DISCUSSIONS STALL IN WASHINGTON THE DEBATE CONTINUES ACROSS THE COUNTRYSIDE...AND THAT'S OUR TOP STORY ON AGDAY.
CUBA:
IN WASHINGTON THE U.S. AND CUBA PREPARING TO ANNOUNCE THE RESTORATION OF DIPLOMATIC RELATIONS…THE COUNTRIES SEVERED TIES BACK 1961. LEADERS FIRST ANNOUNCED CONVERSATIONS BACK IN DECEMBER. OFFICIALS PLAN TO OFFICIALLY REOPEN EMBASSIES LATER THIS MONTH.
TPP MEETING:
REUTERS REPORTING A MINISTERIAL MEETING AIMED AT FINALIZING THE TRANS-PACIFIC PARTNERSHIP IS SET FOR THE LAST WEEK IN JULY.  THE REPORT, SAYS THE MEETING OF TRADE MINISTERS FROM THE DOZEN COUNTRIES WOULD LIKELY MARK THE FINAL STAGE IN TPP NEGOTIATIONS. WHEN FINAL THE TRADE PACT WOULD COVER 40 PERCENT OF THE WORLD'S ECONOMY.  PLANS FOR THE FINAL NEGOTIATIONS WERE STALLED UNTIL RECENTLY WHEN CONGRESS GRANTED THE PRESIDENT TRADE PROMOTION AUTHORITY.
WOTUS SUIT:
THE TOTAL NUMBER OF STATES CHALLENGING THE EPA'S WATERS OF THE U.S. RULE CONTINUES TO GROW...CLIMBING TO 27 ON WEDNESDAY. THE LAWSUITS ARE IN RESPONSE TO THE CLEAN WATER RULE ARGUING THAT THE EPA VIOLATED THE CLEAN WATER ACT, OTHER LAWS AND SUPREME COURT DECISIONS, BY DECLARING TRIBUTARIES AND OTHER SMALL WATERS ARE SUBJECT TO FEDERAL JURISDICTION AND POLLUTION CONTROL LAWS.
CROP WATCH:
IN CROPWATCH THIS MORNING WE'RE OFF TO THE DAKOTAS. MIKE HOFFMAN JOINS US WITH A COUPLE PHOTOS INCLUDING ONE PRETTY INCREDIBLE PICTURE.
MIKE.
HAWAII GMO:
IN HAWAII, A FEDERAL JUDGE RULING TUESDAY THAT A MAUI COUNTY BAN ON THE CULTIVATION OF GENETICALLY ENGINEERED CROPS IS PRE-EMPTED BY FEDERAL AND STATE LAW AND THAT MAKES IT INVALID. LAST NOVEMBER MAUI VOTERS PASSED AN ORDINANCE THAT IMPOSES A MORATORIUM ON GROWING GENETICALLY ENGINEERED CROPS. MANY OF THE COUNTRY'S LARGEST SEED COMPANY'S PROPIGATE SEED THERE. THE JUDGE SAYS THE COUNTY'S ORDINANCE EXCEEDS IT'S AUTHORITY.
TEASE:
UP NEXT WE'LL TALK MARKETS AND TRYING TO FIGURE OUT IF THIS POST REPORT RALLY CAN HOLD THROUGH SUMMER.
CME REPORT:
IN AGRIBUSINESS MARKETS TAKING A BREATHER AFTER TUESDAY'S RALLY  LETS GET DETAILS FROM THE FLOOR OF THE CME.
ANALYSIS INTRO:
WITH JUNE'S BIG REPORTS OUT OF THE WAY, MARKETS EXPECTING TO FIND A SUMMER FOOTING. TYNE MORGAN HAS MORE ON THAT IN TODAY'S ANALYSIS.
RABO BEEF QUARTERLY:
IN OUR BEEF TODAY REPORT - AUSTRALIAN BEEF PRODUCERS ARE FEELING THE AFFECTS OF A LINGERING DROUGHT, MUCH LIKE TEXAS RANCHERS DID IN RECENT YEARS. AUSSIE BEEF PRODUCERS ARE CULLING THEIR HERDS DUE TO FEED COSTS. RABOBANK'S LATEST GLOBAL OUTLOOK ON BEEF SHOWS AUSTRALIAN BEEF PRODUCTION AND EXPORTS CONTINUE AT RECORD LEVELS.  BEEF PRODUCTION IS 25-PERCENT HIGHER THAN THE FIVE YEAR AVERAGE. AND FIVE PERFCENT HIGHER THAN A YEAR AGO RABOBANK SAYS DESPITE THE HIGH SUPPLY, PRICES ARE HOLDING FIRM.
BTR BRAZIL PRODUCTIVITY:
IN BRAZIL THE COUNTRY NOW ENCOURAGING RANCHERS TO TRY BOOSTING PRODUCTIVITY.
THE HOPE IS THAT IT WILL HELP PROTECT THE AMAZON RAIN FOREST. THE GOAL IS TO RAISE OUTPUT TO ROUGHLY 2 HEAD FOR EVERY TWO AND A HALF ACRES. THAT WOULD BE ROUGHLY DOUBLE CURRENT STOCKING RATES. STATE OFFICIALS SAY THE INCREASE SHOULD HELP EASE PRESSURE TO CUT AND CLEAR MORE TREES.
BTR PROFIT TRACKER:
THE WEEKLY STERLING BEEF PROFIT TRACKER SHOWING IMPROVEMENT FOR FEEDYARD MARGINS…LOWER LIVE CATTLE PRICES---PUTTING LOSSES PER HEAD AT NEARLY 150 DOLLARS PER ANIMAL. WHILE NEGATIVE IT'S STILL ABOUT A 100 DOLLARS BETTER THAN TWO WEEKS AGO. CHICAGO TRADERS SELLING FEEDER CONTRACTS HARD ON TUESDAY…
ITC CALEB’S PITCH:
ART CAN BE SERIOUS FUN AND THERAPEUTIC. KENT FADDIS WITH THE UNIVERSITY OF MISSOURI HEALTH SYSTEM TAKES A LOOK AT HOW SOME STUDENT-ATHLETES ARE HELPING YOUNG PATIENTS COPE WITH HOSPITAL STAYS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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