AgDay Daily Recap -May 3, 2016

May 3, 2016 02:57 AM
 

TODAY ON AGDAY
MAY 3, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -THE CLOCK IS TICKING DOWN TOWARDS VERMONT'S NEW LABELING STANDARD,WILL LAWMAKERS PASS A FEDERAL MEASURE TO SUPERCEDE THAT STATE LAW? I'M MICHELLE ROOK. THE BIOTECH LABELING DEBATE CONTINUES HERE IN WASHINGTON. I'LL HAVE THE FOOD INDUSTRY'S PERSPECTIVE TODAY ON AGDAY. AN UPDATE TO PLANTING PROGRESS... IN AGRIBUSINESS...WHY YOU SHOULD BE THINKING ABOUT HARVEST. MONEY IS TIGHT FOR A LOT OF FOLKS THAT'S NOT A SECRET AT THIS POINT YOUR ACCOUNTANT REALIZES IT YOUR WIFE PROBABLY REALIZES IT. AND TAKE A TOUR OF CHEESE COUNTRY IN WISCONSIN.
GMO LABELING BATTLE CONTINUES:
GOOD MORNING I'M CLINTON GRIFFITHS. THE CLOCK IS TICKING ON THE SENATE TO NEGOTIATE A BIOTECH LABELING BILL THAT CAN GAIN BI-PARTISAN SUPPORT, BEFORE VERMONT'S MANDATE GOES INTO EFFECT ON JULY FIRST. LAWMAKERS ARE IN RECESS THIS WEEK. WHEN THEY GET BACK, CONGRESS WILL HAVE ABOUT 30 WORKING DAYS TO PASS A MEASURE TO SUPERCEDE VERMONT'S STATE LAW. RANKING MEMBER OF THE SENATE AG COMMITTEE DEBBIE STABENOW AND HER CAUCUS, WHO OPPOSE A VOLUNTARY APPROACH, ARE EXPECTED TO OFFER FINAL LANGUAGE ANY DAY NOW.
FOOD INDUSTRIES DIVIDE OVER LABELING LAW:
MEANWHILE, THE CONTROVERSY SURROUNDING BIOTECH LABELING HAS ALSO SEVERELY SPLIT THE FOOD INDUSTRY. AT THE RECENT NATIONAL ASSOCIATION OF FARM BROADCASTING MEETING IN WASHINGTON AGDAY'S MICHELLE ROOK TALKED TO LEADERSHIP IN THE SENATE AND THE FOOD INDUSTRY TO GET THEIR PERSPECTIVE ON THE LABELING ISSUE. THE BIOTECH LABELING DEBATE HAS DIVIDED THE FOOD INDUSTRY, AND THE SENATE….ONE SIDE HAS CALLED FOR A MANDATORY NATIONAL APPROACH.
COSTLY LABELING WILL ALSO TAKE TOLL ON CONSUMERS:
HE SAYS MANDATORY BIOTECH LABELING ADDS COSTS FOR FOOD COMPANIES AND CONSUMERS…ON THE OTHER SIDE OF THE DEBATE IS THE ENVIRONMENTAL WORKING GROUP AND SCOTT FABER SAYS THEY'RE PART OF THE "JUST LABEL IT COALITION".  "WE WOULD STRONGLY PREFER A NATIONAL MANDATORY GMO LABELING SOLUTION THAT WORKS FOR CONSUMERS, BUT ALSO WORKS FOR INDUSTRY."
SOME SIDES ARGUE THAT LABELING WILL BENEFIT THE CONSUMER:
HE SAYS THIS ISN'T ABOUT THE TECHNOLOGY, BUT INSTEAD THE CONSUMER'S RIGHT TO KNOW. FABER, "WE'RE NOT ADVOCATING FOR THE ELIMINATION OF THE TECHNOLOGY, WE'RE NOT ADVOCATING WE'RE NOT TRYING TO RESTRICT THE CHOICES THAT FARMERS GET TO MAKE, WE JUST WANT TO GIVE CONSUMERS MORE CHOICES AS WELL." REGARDLESS OF WHETHER CONGRESS ENDS UP WITH A MANDATORY OR VOLUNTARY BIOTECH LABELING SYSTEM, CAMPBELL SOUP IS ONE COMPANY THAT'S ALREADY DECIDED TO
GO AHEAD WITH BIOTECH LABELING. STEVE ARMSTRONG WITH CAMPBELL SOUP SAYS THEY'RE LABELING AND SUPPORT A NATIONAL MANDATE…BUT NOT BECAUSE THEY QUESTION THE SAFETY OF THE TECHNOLOGY.
DOLE DEALS WITH LISTERIA OUTBREAK:
A LISTERIA OUTBREAK MAY BE EXPENSIVE FOR DOLE FOOD. OUR PARTNERS OVER THE PACKER REPORTING THAT THE DEPARTMENT OF JUSTICE IS INVESTIGATING DOLE IN THE WAKE OF THE OUTBREAK TRACED TO A SPRINGFIELD OHIO SALAD PROCESSING FACILITY. THE FACILITY WAS SHUT DOWN FOR 3 MONTHS AFTER 19 PEOPLE IN THE U.S. WERE SICKENED AND ONE PERSON DIED EARLIER THIS YEAR. MORE THAN A DOZEN PEOPLE ALSO GOT SICK IN CANADA...THREE OF THOSE PEOPLE DIED. DOLL SAYS IT'S COOPERATING WITH AUTHORITIES AND IS WORKING TO IMPROVE TESTING AND SANITATION AT THE FACILITY.
APRIL GRAIN RALLY:
ALL EYES ARE ON GRAINS THIS WEEK FOLLOWING A SURPRISINGLY STRONG APRIL RALLY. COMMODITIES HAVING THEIR BIGGEST MONTHLY GAIN SINCE DECEMBER 2010. AS FAR AS CROP PROGRESS, USDA SAYS CORN PLANTING REACHED 45-PERCENT. THAT'S 15 POINTS AHEAD OF THE FIVE YEAR AVERAGE. THERE WERE BIG GAINS ACROSS THE CORN BELT. HOWEVER ONE EXCEPTION IS NEBRASKA. AT 26-PERCENT PLANTED, IT'S FIVE POINTS BEHIND AVERAGE. AS FAR AS EMERGENCE, IT'S AT 13 -PERCENT. FIVE POINTS AHEAD OF AVERAGE. 57-PERCENT OF MISSOURI'S CORN HAS PUNCHED THROUGH. WHICH IS WELL AHEAD OF THE 21-PERCENT AVERAGE. SOYBEAN PLANTINGS ARE STILL IN SINGLE DIGITS AT EIGHT PERCENT. THAT'S A COUPLE TICKS AHEAD OF NORMAL. TOMORROW ON AGDAY, NATIONAL REPORTER BETSY JIBBEN CONTINUES HER TREK ACROSS THE INTERSTATE 80 CORRIDOR.
TOSS TO BETSY’S STORY:
SHE STOPS IN LAPORTE COUNTY INDIANA WHICH SITS JUST SOUTH OF LAKE MICHIGAN. . .AND THAT BIG BODY OF WATER DICTATES THE PLANTING SEASON. NEW DATA ON THE NUMBER OF PEOPLE LIVING IN RURAL--NONMETRO--COUNTIES SHOWS POPULATIONS ARE STABILIZING. THE GOVERNMENT DATA SHOWS TOTAL NUMBERS OF PEOPLE HAS REMAINED ESSENTIALLY UNCHANGED FROM JULY 2014 TO 2015. THAT'S AFTER 4 YEARS OF MODEST POPULATION LOSSES.
CROP COMMENTS:
CROP COMMENTS IS BROUGHT TO YOU BY RESICORE HERBICIDE FROM DOW AGROSCIENCES. USDA'S REPORT SHOWS CROP PROGRESS BUT SOME PRODUCERS SAY THEY ARE HAVING TROUBLE PUTTING SEEDS INTO THE GROUND. MIKE HOFFMAN HAS AN UPDATE IN THIS MORNING'S CROP COMMENTS. MIKE.  GOOD MORNING, CLINTON. LET'S START OFF IN NORTHEAST COLORADO. COLE MERTENS SAYS WITH CONDITIONS LIKE THIS, HE'S GLAD THE SEED IS IN STILL IN THE SHOP! HE SAYS THIS PICTURE OF SNOW, TAKEN OVER THE WEEKEND IS FINALLY STARTING TO MELT.
TEASE:
WHEN WE COME BACK, IT MAY PLANTING SEASON BUT MY GUEST AT THE AGRIBUSINESS DESK SAYS IT'S TIME TO START TALKING HARVEST. HE'LL EXPLAIN. AND LATER WE'RE OFF TO THE NATION'S LARGEST DAIRY STATE TO TAKE A TOUR OF CHEESE COUNTRY. IN THE COUNTRY FROM WISCONSIN LATER ON AGDAY.  THIS IS MACHINERY PETE -INVITING YOU TO CHECK OUT MY NEW WEBSITE MACHINERYPETE. COM -OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH. LET MACHINERY PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.
FROM THE FLOOR OF THE CME:
IN AGRIBUSINESS A MIXED DAY IN TRADE AT THE CME. LETS SEE HOW MARKETS CLOSED MONDAY FROM THE FLOOR.  IT'S BEEN TWO SIDED TRADE ACTIVITY WITH CORN AND WHEAT BEING THE LOWER MARKETS HERE TODAY. SOYBEANS AND RICE BEING THE MARKETS WITH RALLIES HERE TODAY. SOYBEAN RALLY IS LED BY SOYBEAN MEAL AND IT LOOKS LIKE THERE'S PRETTY BIG DEMAND IN THE SOYMEAL MARKET HERE TODAY. HAVEN'T REALLY HEARD OF ANYBODY WHO COULD POSSIBLY BE BUYING THIS MUCH SOYBEAN MEAL.  THANKS VERY MUCH, I'M JACK SCOVILLE, VICE PRESIDENT OF PRICE FUTURES GROUP, HERE ON THE CME GROUP FLOOR WITH SOME COMMENTS FOR THE MARKET.
AGRIBUSINESS DESK:
TOMMY GRISAFI OUR GUEST HERE AT THE AGRIBUSINESS DESK THIS MORNING, ADVANCED TRADING. I KNOW IT'S PLANTING SEASON, BUT LET'S TALK ABOUT HARVEST. IT'S GOING TO BE HERE AT SOME POINT RIGHT?> WE TALKED EARLIER, WHAT IS A RISK MANAGER, RIGHT? SO IF YOU ARE MANAGING THE RISK FROM BEFORE THEY PLANT THE CROP TILL AFTER THEY PLANT THE CROP, WE ARE ALREADY THINKING HARVESTED ADVANCED TRADING...ONE OF THE THINGS WE WORK WITH THE GUYS ON THE COMMERCIAL SIDE AND I WORK WITH THE FARMER OUT IN THE FARM MARKETING, BUT THINGS ARE DIFFERENT THIS YEAR.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, WE KIND OF LOOK AT THE MAP HERE, LOOKS LIKE MOST OF THE WEATHER IS GOING TO BE ON THE EAST COAST. YEAH, IT DOES TO AT LEAST START OFF THE WEEK. WE DO HAVE A PRETTY STRONG COLD FRONT DIPPING ACROSS THE CANADIAN BORDER AS WE SPEAK. THEN, THERE'S A CONCERN BEHIND THIS FRONT ACROSS MANY PARTS OF THE NORTHERN PLAINS, EVEN INTO THE GREAT LAKES AND PERHAPS OHIO VALLEY. THERE COULD BE A TOUCH OF FROST WITH THIS SYSTEM. SOME DECENT FROST THE FARTHER NORTH WE ARE OBVIOUSLY. LET'S PUT THE MAPS INTO MOTION. STORM SYSTEM ALONG THE EAST COAST MOVES OFF SHORE, STILL SOME SCATTERED SHOWERS THOUGH FROM THE MID-ATLANTIC.  DOWN INTO THE SOUTHEAST.
LOCAL FORECASTS:
NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL, FOR LAMAR, COLORADO, IT'S PARTLY SUNNY AND MILD TODAY. HIGH TEMPERATURE OF 71 DEGREES. DECATUR, ILLINOIS, PARTLY TO MOSTLY SUNNY. THE HIGH OF 65. AND DOVER, DELAWARE IS CLOUDY WITH TIMES OF RAIN AND DRIZZLE. THE HIGH IS 65. WHEN WE COME BACK, ITS OUR DAY FOR DAIRY...A LOOK AT A MULTITUDE OF NEWS ITEMS FROM THE MILK AISLE.
E-U REFUSES TO SIGN TRADE DEAL THAT DOESN’T ACKNOWLEDGE GEOGRAPHICAL INDICATORS:
ANOTHER ROUND OF TRADE NEGOTIATIONS IS OVER BETWEEN THE U.S. AND E.U. BUT WORK ON THE TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP IS FAR FROM OVER. THE WASHINGTON TRADE DAILY REPORTS CONTINUED HIGH AG TARIFFS ON BOTH SIDES REMAIN A PROBLEM, BUT THE U-S IS INSISTING ON ZERO TARIFFS FOR ALL GOODS. THE EU SAYS IT WON'T SIGN OFF ON A TRADE DEAL THAT DOESN'T RECOGNIZE ITS GEOGRAPHICAL INDICATORS...MEANING ONLY PARMESAN CHEESE MADE IN PARMA COULD USE THAT NAME. THE REPORT SAYS THE E-U INTENDS TO TIE INCREASED MARKET ACCESS FOR U.S. MEATS TO RECOGNITION OF THE GI'S. TALKS CONTINUE AS NEGOTIATORS TRY TO COMPLETE THE AGREEMENT BEFORE THE END OF THE YEAR.
HEALTH BENEFITS FOUND IN DAIRY FATS:
DAIRY GETTING SOME POSITIVE HEALTH NEWS, A RECENT STUDY PUBLISHED IN THE JOURNAL CIRCULATIONS SUGGESTING THAT DAIRY FATS MAY GUARD AGAINST TYPE 2 DIABETES. THE STUDY FOLLOWED 3,000 ADULTS FOR TWO DECADES AND SHOWED THAT THOSE WHO HAD HIGHER DAIRY FATTY ACIDS IN THEIR BLOOD SHOWED A LOWER INCIDENCE OF DIABETES. AN LSU AG CENTER DIETICIAN, THE WHY IS STILL UNKNOWN BUT IT COULD BE THE FULL-FAT DAIRY PRODUCTS KEEP YOU FULLER LONGER--REDUCING THE NUMBER OF CALORIES WE TAKE IN A DAY.
MILK MAGAZINE:
FROM OUR PARTNERS AT MILK MAGAZINE, A NATIONAL, VOLUNTARY, $1/BAG ALFALFA CHECKOFF WILL START COLLECTING MONEY IN SEPTEMBER, BASED ON SUMMER AND FALL SEED SALES. ITS EXPECTED TO COLLECT BETWEEN 500 AND 800 THOUSAND DOLLARS. THE MONEY WILL BE TARGETED TO SUPPORT PUBLIC ALFALFA RESEARCH-LOOKING AT YIELDS, WATER USE, AND NEW STORAGE OR HARVEST SYSTEMS.
EFFICIENCIES IN LIVESTOCK AG BRING INDUSTRY EMISSIONS DOWN:
A NEW STUDY FROM THE UNIVERSITY OF CALIFORNIA-DAVIS LOOKS AT GREENHOUSE GAS EMISSIONS FROM LIVESTOCK. THE AUTHOR SAYS QUOTE "EFFICIENCIES IN US LIVESTOCK AGRICULTURE HAVE LOWERED THE INDUSTRY'S COMBINED EMISSIONS TO A HISTORIC LOW OF 4 PERCENT OF THE NATION'S TOTAL." THE RESEARCHER COMPARING ANIMAL AGRICULTURE AND OTHER SOURCES OF GREENHOUSE GAS EMISSIONS. THE AUTHOR'S CONSENSUS IS THAT THE LIVESTOCK INDUSTRY IS NOT A DRIVING FORCE IN CLIMATE CHANGE...WITH HALF OF U.S. EMISSIONS COMING FROM ENERGY CREATION AND TRANSPORTATION.
TEASE:
UP NEXT TAKE A TOUR OF WISCONSIN'S CHEESE COUNTRY. TASTES FROM THE NATION'S LARGEST DAIRY STATE WHEN WE COME BACK. 
IN THE COUNTRY:
WHEN IT COMES TO CHEESE PRODUCTION IN THE U-S, THERE'S A CLEAR WINNER.  IT'S WISCONSIN WHICH PRODUCES MORE THAN 25 (25.9) PERCENT OF THE NATION'S CHEESE. IN FACT NEW NUMBERS SHOW U.S. HAD ANOTHER BANNER YEAR IN 2015. TOTAL CHEESE PRODUCTION, EXCLUDING COTTAGE CHEESES, WAS NEARLY 12 BILLION (11.8 BILLION) POUNDS, ALMOST 3 (2.8) PERCENT HIGHER THAN 2014. WISCONSIN ITSELF PRODUCES MORE THAN 600 VARIETIES...OF CHEESE RECENTLY, THE STATE'S CHEESE CHECKOFF PROGRAM HOSTED A TOUR FOR MAGAZINE EDITORS TO SHOWCASE SOME OF VARIED TASTES AND TEXTURES. WE GET DETAILS IN THIS VIDEO PROVIDED BY THE WISCONSIN MILK MARKETING BOARD. MOST PEOPLE WHO VISIT WISCONSIN KNOW THAT THEY CAN'T LEAVE WITHOUT ENJOYING SOME OF OUR AWARD-WINNING CHEESE. A TOUR SPONSORED BY THE WISCONSIN MILK MARKETING BOARD IS OFFERING SOME OUT-OF-STATE WRITERS AND EDITORS A CHANCE TO TASTE SOME OF OUR BEST.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS, WEDNESDAY ON AGDAY -OUR NEXT STOP ON THE I-80 PLANTING TOUR IS NORTHERN INDIANA WHICH SITS IN THE 'WAKE' OF LAKE MICHIGAN. FIND OUT HOW MUCH CONTROL THAT BIG BODY OF WATER CAN HAVE ON FARMERS IN THAT REGION. WATCH US WEEKDAYS ON AGDAY.

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