AgDay Daily Recap -March 6, 2015

March 6, 2015 02:57 AM
 

TODAY ON AGDAY
MARCH 6, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY MANDATORY E-VERIFY LEGISLATIONS MOVES FORWARD IN CONGRESS...USDA PUTS A NUMBER ON THE GRAIN CAR SLOW DOWN...IN OUR PROFARMER PROFIT BRIEFING...GETTING TIMELY APPLICATIONS OF FERTILIZER MAY BE A REAL CHALLENGE FOR GRAIN FARMERS THIS SPRING. THE WORLD HEALTH ORGANIZATIONS SAYS PUT THE DOUGHNUT DOWN AND EAT LESS SUGAR.AND THESE LOUSIANA AG STUDENTS ARE GETTING A LESSON IN THE DIVERSITY OF THE INDUSTRY. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
EVERIFY:
GOOD MORNING I'M CLINTON GRIFFITHS. A NEW BILL IS HEADED FOR THE HOUSE OF REPRESENTATIVES COULD REQUIRE ALL AG EMPLOYERS TO USE THE E-VERIFY PROGRAM BEFORE HIRING WORKERS...AND THAT'S OUR TOP STORY ON AGDAY.
RAIL COST:
THERE ARE NEW NUMBERS OUT REGARDING HOW MUCH THAT RAILWAY SLOWDOWN MAY HAVE COST FARMERS AND ELEVATORS IN THE NORTHERN PLAINS LAST YEAR.
OIL STORAGE:
AS FAR AS OIL HERE AT HOME, APPARENTLY THE INDUSTRY IS RUNNING OUT OF STORAGE SPACE. OVER THE PAST 8 WEEKS, THE U.S. HAS BEEN PRODUCING OR IMPORTING MORE THAN 1 MILLION BARRELS OF OIL MORE THAN WE'RE CONSUMING....EVERY DAY.AND THAT EXTRA CRUDE HAS TO GO INTO STORAGE.THE ENERGY DEPARTMENTS SAYS SUPPLIES ARE NOW SITTING AT THEIR HIGHEST MARK IN 80 YEARS. INDUSTRY WATCHERS SAY IF THE STORAGE LIMITS TOPOUT, IT COULD FORCE GASOLINE PRICES EVEN LOWER IN THE MONTHS AHEAD.
CROP WATCH:
WHILE FEBRUARY WAS PRETTY ROUGH FOR WEATHER, SOME PARTS OF THE CORNBELT ARE ACTUALLY PRETTY DRY. MIKE HOFFMAN IS HERE WITH CROPWATCH.
FDA MILK CHECK:
FROM OUR PARTNERS AT DAIRY TODAY - THE FOOD AND DRUG ADMINISTRATION RELEASED ITS LONG-AWAITED ANTIBIOTIC MILK RESIDUE STUDY. IN SHORT, IT SAYS THE U-S MILK SUPPLY IS SAFE. THE F-D-A SAYS MORE THAN 99-PERCENT OF THE SAMPLES ARE FREE OF DRUG RESIDUES OF CONCERN. THE STUDY SAMPLED MILK FROM NEARLY 2,000 DAIRY FARMS. IT FOUND DRUG RESIDUES THAT EXCEEDED TOLERANCE LEVELS ON JUST 15 FARMS.
PORK AND DAIRY:
USDA REVISING IT'S EXPECTATIONS FOR RETAIL PRICES IN BOTH PORK AND DAIRY.
IT EXPECTS PORK PRICES TO INCREASE JUST 2 PERCENT IN 2015. THAT'S HALF OF WHAT IT EXPECTED A COUPLE MONTHS AGO. USDA SAYS AN INCREASE IN MEAT SUPPLIES IS HELPING HOLD DOWN PRICES. ON THE DAIRY SIDE, RETAILS PRICES ARE FORECAST TO CLIMBE TWO POINT 5 PERCENT--A LITTLE BIT LESS THAN IT FORECAST EARLY THIS YEAR. HIGHER STOCKS OF MILK AND CHEESE AND CONTINUING HERD EXPANSION ARE BEHIND THE LOWER RATE.
TEASE:
GETTING SOME OF THE SPRING APPLICATIONS DOWN ON YOUR FIELDS MAY BE A LOGISTICAL CHALLENGE THIS YEAR. OUR PROFARMER PROFIT BRIEFING HAS THE DETAILS STRAIGHT AHEAD.THE WORLD HEALTH ORGANIZATION SAYS "DROP THAT DONUT'.
CME REPORT:
IN AGRIBUSINESS COMMODITIES SPENT MOST OF THE DAY IN NEGATIVE TERRITORY. LETS SEE HOW THINGS FINISHED.DETAILS FROM THE FLOOR OF THE CME.
TEASE:
THE WORLD HEALTH ORGANIZATION TAKES A CRITICAL LOOK AT THE AMOUNT OF SUGAR THAT YOU ADD TO RECIPES. AND IF YOU HAVE A SWEET TOOTH, YOU PROBABLY WON'T LIKE THEIR RECOMMENDATIONS.
GAB CRANE UPICK:
OTHER THAN IN WARM-SPOTS LIKE FLORIDA AND SOUTH TEXAS, IT WOULD BE DIFFICULT TO FIND A U-PICK FARM OPEN THIS TIME OF YEAR. TODAY'S GREAT AMERICAN BARN TAKES TO A POPULAR FRUIT STAND IN THE WOLVERINE STATE.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close