AgDay Daily Recap -June 10, 2015

June 10, 2015 02:57 AM
 

TODAY ON AGDAY
JUNE 10, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - THE U.S. OPENS THE DOOR TO EGG PRODUCTS FROM OUTSIDE THE COUNTRY. PLUS PRICES FOR CONSUMERS ARE GOING UP...IN AGRIBUSINESS....MANAGING THE CORN PRICE PUZZLE. ABOUT THE TIME THINGS ROLL OVER AND THESE GUYS NEED TO SELL, WE PROBABLY WILL BE IN OUR LOW 20 CENTS OF THE YEAR. HEIFER RETENTION NUMBERS START TO RISE...AND MEET A FUTURE SHOW MASTER. THIS YOUNG LADY IS TAKING HER FIRST STEPS IN THE RING DURING WORLD PORK EXPO. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
AVIAN FLU EGG IMPORTS:
GOOD MORNING I'M CLINTON GRIFFITHS. THE UNITED STATES OPENS THE DOOR FOR EGG IMPORTS AS AVIAN FLU PUSHES DOMESTIC EGG SUPPLIES TO THE LIMITS..AND THAT'S OUR TOP STORY ON AGDAY.
 EGG PRICES:
THE ECONOMIC IMPACTS OF THE AVIAN FLU ARE BEGINNING TO BE FELT BY CONSUMERS.
AT THE BEGINNING OF THE CURRENT OUTBREAK IN MARCH, A DOZEN EGGS COST ABOUT A DOLLAR FIFTY AT THE GROCERY STORE. NOW THEY'RE A DOLLAR HIGHER AND APPEAR TO BE HEADED TO THREE DOLLARS. RESTAURANTS THAT BUY SHELL EGGS IN BULK ARE REALLY SEEING THE PINCH. AS CLIFF NAYLOR REPORTS FROM NORTH DAKOTA, MANY RESTAURANTS ARE TRYING TO HOLD-OFF PASSING THE INCREASE ALONG TO CUSTOMERS.
NORTHEAST CONCERNS:
MEANWHILE USDA IS PLANNING TO TALK WITH AG OFFICIALS IN TEN NORTHEASTERN STATES ABOUT THE RECENT OUTBREAK OF AVIAN INFLUENZA. THAT PART OF THE COUNTRY HAS BEEN SPARED CASES THUS FAR BUT IT'S ALSO A KEY POULTRY GROWING REGION.
SINCE MID-DECEMBER NEARLY 47 MILLION BIRDS HAVE BEEN IMPACTED BY THIS OUTBREAK.
MICHIGAN CASE:
 ON MONDAY MICHIGAN BECAME THE LATEST STATE TO JOIN THE LIST OF THOSE WITH POSITIVE CASES OF AVIAN FLU. THE MICHIGAN D-N-R SAYS CANADA GEESE DISCOVERED NORTH OF DETROIT TESTED POSTIVE FOR H-5-N-2. USDA BELIEVES LIVE WATERFOWL CARRY THE DISEASE WHICH HAS SPREAD THROUGH-OUT THE MIDWEST. A SPOKESMAN FOR THE MICHIGAN DEPARTMENT OF AGRICULTURE SAYS THEY'RE NOT SURPRISED WITH THE FINDING, SINCE NEIGHBORING STATES AND THE CANADIAN PROVINCE OF ONTARIO HAVE ALL HAD POSITIVE CASES.
COOL VOTE:
IN WASHINGTON - MEMBERS OF THE HOUSE OF REPRESENTATIVES ARE SCHEDULED TO VOTE TODAY ON A REPEAL OF THE COUNTRY OF ORIGIN LABELING LAW. THE VOTE IS IN RESPONSE TO RULING FROM THE WORLD TRADE ORGANIZATION THAT THE MEAT LABELING LAW IN THIS COUNTRY IS UNFAIR TO TRADING PARTNERS CANADA AND MEXICO.
SUPPORTERS OF M-COOL ARE URGING THE HOUSE NOT TO APPROVE THE REPEAL.
THERE'S STILL NO WORD WHEN THE SENATE MIGHT TAKE-UP THE ISSUE.
EL NINO:
CLIMATE EXPERTS IN AUSTRAILA SAY NEW DATA INDICATES EL NINO MAY BE STICKING AROUND THROUGH MOST OF 2015. THE CURRENT EL NINO CONDITIONS ARE THE FIRST SINCE 2010. SCIENTISTS SAY THE PACIFIC IS SHOWING SIGNS SIMILAR TO THE 1997-98 EVENT--WHICH WAS THE STRONGEST ON RECORD. THAT YEAR IMPACTED GROWERS ACROSS THE GLOBE STRONG EL NINO'S ARE KNOWN TO BRING DROUGHT IN SOME PLACES AND COOLER WETTER SUMMERS TO THE U.S.
MONSANTO SYNGENTA TAXES:
 A NEW REPORT FROM BLOOMBERG SHOWS A MONSANTO PURCHASE OF SYNGENTA COULD SAVE MONSANTO MORE THAN 500 MILLION DOLLARS IN TAXES A YEAR. BLOOMBERG SAYS THE TAX INVERSION ALLOWS CORPORATE HEADQUARTERS TO MOVE FROM THE U.S. TO SWITZERLAND ULTIMATELY CUTTING THE CORPORATE TAX RATE IN HALF. MONSANTO ANSWERING THE CHARGE SAYING VIEWING THE SYNGENTA PROPOSAL AS TAX DRIVEN MISSES THE VISION--THEIR OFFER IS ABOUT CREATING A NEW COMPANY FOCUSED ON INNOVATION AND EXPANDED GLOBAL REACH. MONSANTO HAS OFFERED 45 BILLION DOLLARS TO SYNGENTA INCLUDING A 2 BILLION DOLLAR FEE IF THE COMPANY ISN'T ABLE TO CLEAR REGULARTORY HURDLES. SO FAR THE OFFER HAS BEEN REFUSED.
TEASE:
 UP NEXT WE'LL TAKE A LOOK AT CORN MARKETS AND PLANNING FOR THE MONTHS AHEAD.
MY FARM APP:
A QUICK TECHNOLOGY NOTE...WE'VE TOLD YOU ABOUT THE MY-FARM-RADIO SMART PHONE APP--THAT ALLOWS YOU LISTEN TO AGDAY OR MANY OF YOUR OTHER FAVORITE AG PROGRAMS WHILE ON THE GO. NOW IF YOU'RE LIKE ME AND NEED YOUR KIDS TO HELP YOU WITH SOME OF THAT TECHNOLOGY--WE HAVE A NEW WAY TO GET THE APP THAT MIGHT HELP. SIMPLY TEXT RADIO TO THE NUMBER 283-342-- WE'LL SEND A REPLY WITH A LINK TO DOWNLOAD THE APP RIGHT ON YOUR PHONE...QUICK SIMPLE AND GREAT WAY TO KEEP UP WITH AGDAY.
FARM POLLUTION COST:
A WATCHDOG GROUP OFTEN CRITICAL OF MODERN AGRICULTURE IS ROLLING OUT A NEW REPORT ON AGRICULTURAL POLLUTION. THE ENVIRONMENTAL WORKING GROUP SAYS NITROGEN FROM FERTILIZERS AND MANURES WASHED OFF OF FARM FIELDS IS COSTING AMERICANS 157 BILLION DOLLARS A YEAR. THE REPORT CLAIMS TO CALCULATE DAMAGES TO BOTH HUMAN HEALTH AND THE ENVIROMENT. IT ALSO STATES MANY FARMERS ARE ALREADY VOLUNTARILY WORKING TO KEEP WATER CLEAN AND SAFE BUT RECOMMENDS MANDATES FROM STATES.
CAMPBELLS SOUP:
THE CAMPBELL'S SOUP COMPANY IS EXPANDING THE PORTFOLIO. THE COMPANY AGREEING TO BUY GARDEN FRESH GOURMET--A MAKER OF SALSA AND HUMMUS WITH 100-MILLION DOLLARS IN ANNUAL SALES…CAMPBELLS SAYS IT WILL PAY 231 MILLION FOR THE MICHIGAN BASED BUSINESS.
NO SHOWERS FOR BEEF:
A GORUP IN CALIFORNIA IS TAKING AN UNUSUAL STEP TO SAVE WATER WHILE NOT GIVING UP EATING BEEF…THEY'RE SIMPLY SKIPPING OUT ON SHOWERS, TO MAKE UP FOR THEIR BEEF INTAKE. IT'S CALLED SKIP SHOWERS FOR BEEF--IT'S A GRASROOTS MOVEMENT TEACHING CONSUMERS WHO WORRY ABOUT THE DROUGHT AND FUTURE IMPACTS HOW TO OFFSET THE AMOUNT OF BEEF THEY EAT WITH ALTERNATIVE HYGEINE SOLUTIONS.
AND APPARENTLY, THAT INVOLVES SIMPLY NOT TAKING A SHOWER.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

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