AgDay Daily Recap -March 23, 2015

March 23, 2015 02:57 AM
 

TODAY ON AGDAY
MARCH 23, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY CAN CATTLE PRICES HANG ON IN 2015? IN AGRIBUSINESS....PLANTING PROGRESS AND THE WEATHER...WEATHER IS UNPREDICTABLE AS WEATHER CHANGES IT CAN CHANGE THE PRICE QUIT A BIT TOO. YOU CAN DRIVE THE MARKET HIGHER OR YOU CAN DRIVE THE MARKET LOWER PLUS, MACHINERY PETE HAS THE BEST DEALS ON USED FARM EQUIPMENT, INCLUDING A POPULAR WORKHORSE FROM THE 70'S. AND SERVING UP SOME GRITS, AGDAY BROUGHT TO YOU BY THE DEPENDABLE, LONG-LASTING CHEVY SILVERADO AND BY BASF. WE CREATE CHEMISTRY.
CATTLE OVERVIEW:
GOOD MORNING I'M CLINTON GRIFFITHS. 2014 LEFT A SMILE ON MANY CATTLMEN'S FACE. LOWER FEED COSTS AND RECORD PRICES HELPING SET UP BIG YEAR. BUT CAN 2015 FOLLOW SUIT?...THAT'S OUR TOP STORY ON AGDAY.
CATTLE OVERVIEW:
YOUNG STEERS ARE SEEING THEIR DEMAND CLIMB AS THE WEATHER TURNS. AG ECONOMISTS SAY THAT STRONG CASH PRICES ARE HELPING DRIVE FUTURES MARKETS.
DERRELL PEEL:
WELL AFTER A FAIRLY BIG ADJUSTMENT IN CATTLE MARKETS ESPECIALLY FEEDER CATTLE MARKETS OVER IN DECEMBER, JANUARY INTO FEBRUARY. MARKETS HAVE STABILIZED THE LAST MONTH OR SO. FEEDER CATTLE MARKETS HAVE BEGUN TO PICK UP A LITTLE BIT WE HAD SOME WEATHER DISRUPTIONS 2 TO 3 WEEKS AGO BUT WE'RE BEGINNING TO SEE NOW SOME INCREASED DEMAND FOR LIGHT WEIGHT CATLE FOR SUMMER GRAZING THAT WILL PUCK UP A BIT MORE AS WE MOVE FORWARD.PEEL SAYS HE BELIEVE CATTLE PRICES WILL HOLD RELATIVELY STEADY THROUGH THE YEAR. HE EXPECTS AN AVERAGE PRICE ABOVE THE FULL YEAR 2014 PRICE.
TPP JAPAN PORK:
NEGOTIATIONS CONTINUE ON THE TRANS-PACIFIC PARTNERSHIP.
IN JAPAN THE COUNTRY'S BIGGEST AGRICULTURAL LOBBY IS PROPOSING CUTTING PORK TARRIFFS IN HALF--BUT NOT ELIMINATING THEM AS PART OF THE T-P-P NEGOTIATIONS.
THE GROUP SAYS ANY LOWER AND JAPANESE PORK PRODUCERS WOULDN'T BE ABLE TO COMPETE WITH GLOBAL SUPPLIERS.
SPRAY RULES:
THE HOUSE AGRICULTURE COMMITTEE APPROVED THE "REDUCING REGULATORY BURDENS ACT OF 2015" THURSDAY -  IT WOULD CLARIFY LANGUAGE AROUND PESTICIDE REGULATIONS IN OR NEAR WATERS OF THE UNITED STATES.  THE U.S. COURT OF APPEALS FOR THE SIXTH CIRCUIT MADE A DECISION IN 2009 TO APPLY A PROVISION UNDER THE CLEAN WATER ACT TO PESTICIDE APPLICATIONS -  BUT THEY WERE ALREADY REGULATED UNDER THE FEDERAL INSECTICIDE, FUNGICIDE AND RODENTICIDE ACT.  COMMITTEE CHAIR, MIKE CONAWAY SAYS CORRECTING THAT DECISION HAS BEEN A PRIORITY FOR STAKEHOLDERS...AND HELPS ELIMINATE DUPLICATIVE WORK.
AFBF YOUNG SURVEY:
ACCORDING TO THE AMERICAN FARM BUREAU FEDERATION'S ANNUAL YOUNG FARMERS AND RANCHERS OUTLOOK SURVEY - FINDING AND SECURING ADEQUATE LAND TO GROW CROPS AND RAISE ANIMALS IS THE TOP CHALLENGE THEY FACE. OF THE YOUNG FARMERS AND RANCHERS SURVEYED - AGES 18 TO 35 - 29-PERCENT IDENTIFIED THAT AS THE TOP CHALLENGE. 13-PERCENT IDENTIFIED GOVERNMENT REGULATIONS.  OTHER TOP CONCERNS ARE THE WILLINGNESS OF PARENTS TO TURN OVER THE REINS, OVERALL PROFITABILITY, TAXES, THE AVAILABILITY OF WATER, URBANIZATION AND AG FINANCING. DESPITE THESE CHALLENGES - 84-PERCENT OF THOSE SURVEYED ARE MORE OPTIMISTIC ABOUT FARMING AND RANCHING THAN THEY WERE FIVE-YEARS AGO.
TEASE:
MACHINERY PETE JOINS US IN ABOUT TWO MINUTES. HE'LL BE TALKING ABOUT JOHN DEERE 42-THIRTIES. THAT WORKHORSE FROM THE 1970'S IS STILL ATTRACTING TOP DOLLAR.
CLOSE:
"GRITS" STARTED IN TENNESSEE AS AN OUTREACH OF THE NATIONAL GIRLS COLLABORATIVE PROJECT - AND IS PARTIALLY FUNDED BY A GRANT FROM THE NATIONAL SCIENCE FOUNDATION. THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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