AgDay Daily Recap -May 13, 2015

May 13, 2015 02:57 AM
 

TODAY ON AGDAY
MAY 13, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY  EL NINO ARRIVES...COULD IT BRING RELIEF TO WESTERN GROWERS? USDA ROLLS OUT EXPECTATIONS FOR THE GROWING SEASON...PLUS PLANTING CONTINUES...IN AGRIBUSINESS...SURVIVING A BEAR MARKET…YOU NEED TO BE SELLING THE FRONT END BUYING THE BACK AND LOCKING IN THAT CARRY FOR THAT GRAIN BIN AND THIS URBAN HIGH SCHOOL BROUGHT BACK AG EDUCATION AFTER THREE DECADES OF GOING WITHOUT AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
EL NINO:
USDA METEOROLOGIST BRAD RIPPEY TELLS AGDAY THAT THIS EL NIÑO WENT FROM A BUST TO A BOOM IN A FEW SHORT WEEKS. FOR THIS TIME OF YEAR, IT'S ONE OF THE STRONGEST ON RECORD. RIPPEY BELIEVES THE EL NIÑO INTENSIFICATION - WHICH HE CALLS ODDLY TIME - IS PLAYING A ROLE IN THIS SUDDENLY ACTIVE U.S. WEATHER PATTERN THAT IS SOAKING THE SOUTHERN PLAINS AND RELIEVING DROUGHT IN THE UPPER MIDWEST, AND HE SAYS 'IF' EL NINO WERE TO PERSIST AT THIS INTENSITY, OR STRONGER, WE COULD EXPECT TO SEE CALIFORNIA'S DROUGHT 'START TO END" LATER THIS YEAR.
PROFARMER REAX:
USDA PROJECTING A TRENDLINE CORN YIELD WHILE THE PLANTING PACE POINTS AT AN ABOVE-TREND YIELD.  THAT BROUGHT A FRIENDLY REACTION IN CORN TRADING. AND A BEARISH REACTION TO THE BIGGER-THAN-EXPECTED NEW-CROP SOYBEAN PROJECTION OUR PARTNERS AT PROFARMER EXPLAIN.
WW PRODUCTION:
ON THE WHEAT SIDE OF THE AISLE, WINTER WHEAT PRODUCTION IS FORECAST AT 1.47 BILLION BUSHELS. THAT'S UP 7 PERCENT FROM 2014.  YIELDS ARE SET AT 43 AND A HALF BUSHELS PER ACRE, UP SLIGHTLY FROM A YEAR AGO.  IN HARD RED WINTER COUNTRY-- PRODUCTION IS FORECAST 16-PERCENT HIGHER.
GLOBAL ESTIMATES:
GLOBALLY, WHEAT PRODUCTION IS PROJECTED AT NEARLY 719 (718.9) MILLION METRIC TONS. OFF SLIGHTLY FROM LAST YEAR BUT STILL THE SECOND HIGHEST TOTAL EVER. IN CORN, USDA PROJECTING NEARLY 990 (989.8) MILLION TONS--DOWN A BIT ON EXPECTATIONS OF A SMALL U.S. CROP…SOYBEAN PRODUCTION IS FORECAST 317 (317.3) MILLION METRIC TONS. THAT'S ROUGHLY UNCHANGED FROM A YEAR AGO.
EQUIPMENT SALES:
A BIT OF A BRIGHT SPOT FROM THE ASSOCIATION OF EQUIPMENT MANUFACTURER'S MONTHLY FLASH REPOR THROUGH APRIL SALES OF ALL TRACTORS IN THE U.S. ARE NOW EVEN WITH LAST YEAR…
PRICE OF POULTRY:
THE IMPACT OF AVIAN FLU IS NOW FINDING ITS WAY TO THE SUPERMARKET.
WITH MORE THAN 30 MILLION TURKEY AND EGG LAYERS DEPOPPULATED PRICES ARE CLIMBING. THE COST OF CARTON OF LARGE EGGS IN THE MIDWEST JUMPED 17 PERCENT--NOW SCANNING IN AT 1-39 PER DOZEN. AND FOR FOOD MAKERS THE COST OF EGGS IS RISING EVEN FASTER. ON THE TURKEY SIDE, TURKEY BREAST MEAT AT THE DELI IS UP ABOUT 10 PERCENT. FROZEN BIRDS ARE UP 3 PERCENT.
FFA BACK TO INDY:
IT LOOKS LIKE CURRENT AND SOME FUTURE FFA MEMBERS CAN PLAN ON ATTENDING THE NATIONAL FFA CONVENTION IN INDIANAPOLIS. THE FFA BOARD OF DIRECTORS MAKING THAT ANNOUNCEMENT THIS WEEK…THEY SAY THAT AFTER THIS YEAR IN LOUISIVILLE, THE CONVENTION WILL LIKELY REMAIN IN INDY THROUGH 2024. THE DIRECTORS SAY OVER THE LAST FEW YEARS, MEMBERSHIP NUMBERS HAVE CONTINUED TO RISE AND THE ORGANIZATION SIMPLY NEEDS MORE MEETING ROOM SPACE AND HOTEL ROOMS.
CAREER IN AG:
WITH FINALS WRAPPING UP AROUND THE COUNTRY, IF YOU'VE GOT A COLLEGE GRADUATE WITH AN AG DEGREE THE FUTURE REMAINS BRIGHT. A REPORT OUT OF PURDUE SHOWS THERE'S NEARLY 58-THOUSAND SKILLED JOB OPENING EACH YEAR IN THE FOOD, AG, RENEWABLE RESOURCES AND ENVIRONMENTAL FIELDS HERE IN THE U.S. WHILE ON AVERAGE THERE'S ROUGHLY 35-THOUSAND NEW GRADS WITH DEGREES IN RELATED FIELDS. AG SECRETARY VILSACK CALLS THE OPPORTUNITIES AMPLE. THE REPORT SAYS ABOUT HALF OF THOSE JOB OPPORTUNITIES WILL BE IN MANAGEMENT AND BUSINESS. WHILE ABOUT 30 PERCENT WILL BE IN STEM AREAS OF SCIENCE, TECHNOLOGY ENGINEERING AND MATH…
ITC URBAN AG HS:
AFTER NEARLY THREE DECADES WITHOUT AN AGRICULTURE EDUCATION PROGRAM, VINCENT HIGH SCHOOL IN MILWAUKEE BROUGHT IT BACK IN 2012... AND IT'S BEEN A HUGE SUCCESS. IN THIS SEGMENT PROVIDED BY THE WISCONSIN MILK MARKETING BOARD, WE SEE HOW THE PROGRAM HAS GROWN AND CHANGED IN JUST THREE YEARS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

 

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