AgDay Daily Recap -October 14, 2014

October 14, 2014 02:57 AM
 

TODAY ON AGDAY
OCTOBER 14, 2014

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - THE PORK INDUSTRY BATTLES BACK FROM A DISEASE TO GAIN BRAGGING RIGHTS.BIG YIELDS IN THE CORN BELT - BUT WHO'S THE CORN LEADER?
THOSE BIG NUMBERS ALSO MEAN LOW PRICES. I FEAR WE COULD SEE 2 IN FRONT OF THE BOARD MIDWEST BEE PRODUCERS HEAD WEST FOR WINTER--AFTER ANOTHER DIFFICULT SEASON. AGDAY BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
BEEF VS. PORK:
GOOD MORNING I'M CLINTON GRIFFITHS. AFTER STRUGGLING WITH A DEADLY VIRUS THAT SHRUNK THE SWINE HERD, THE PORK INDUSTRY IS POISED TO SURPASS THE BEEF INDUSTRY IN THE AMOUNT OF MEAT THEY EACH PRODUCE…...AND THAT'S OUR TOP STORY ON AGDAY.
PROFARMER REAX:
HOG WEIGHTS DRESSED HOG WEIGHTS CURRENTLY RUNNING ABOUT FIVE POUNDS ABOVE YEAR AGO AND THAT'S DOWN FROM THE SUMMER HIGHS SO IF WE SEE HOG NUMBERS BEGIN TO INCREASE THIS SPRING AND SUMMER PRODUCERS MIGHT NOT BE AS ENCOURAGED TO PUT AS MUCH WEIGHT ON THOSE HOGS AND THAT WOULD INFLUENCE PORK PRODUCTION IN 2015 AND ANOTHER THING WE'RE GOING TO BE KEEPING A CLOSE EYE ON IN THE VERY NEAR TERM IS PEDV WE'VE SEEN A LEVELING OFF OF THE REPORTED CASES OF PEDV SINCE AUGUST BUT WE SAW THAT BIG SPIKE FROM NOVEMBER IN TO FEBRUARY AS TEMPERATURES COOLED AND IF WE BEGIN TO SEE MORE PEDV CASES BEGIN TO SURFACE IN THE NOVEMBER TIME FRAME WE MIGHT BE A LITTLE MORE CONCERNED THAT USDAS FORECAST FOR MORE PORK THAN BEEN IN 2015 FOR ALL THE EDITORS OF PROFARMER IN CEDARS FALL I'M JULIANNE JOHNSTON.
DERRELL SOT:
ON THE BEEF SIDE ECONOMISTS EXPECT LOWER PRODUCTION TO CONTINUE INTO NEXT YEAR AS WELL.
STATE BY STATE PRODUCTION:
BECAUSE OF COLUMBUS DAY, THE WEEKLY CROP PROGRESS REPORT WAS NOT RELEASED MONDAY. IT'LL COME OUT THIS AFTERNOON. MEANWHILE, WE TOOK A CLOSER LOOK AT THE CROP PRODUCTION REPORT ISSUED BY USDA ON FRIDAY. IOWA REMAINS THE NUMBER ONE CORN PRODUCING STATE. BUT WHEN YOU LOOK AT YIELD, ILLINOIS CLAIMS THE TOP SPOT IN THE MIDWEST.
STATE BY STATE SUE MARTIN:
THIS WAS ALSO A YEAR THAT YOUR POOR GROUND WOULD DO MUCH BETTER SORT OF LIKE LAST YEAR. RIGHT... AND THAT SEEMS TO BE THE CASE EVEN IN ILLINOIS SOUTHERN ILLINOIS AND INDIANA WHAT SURPRISED ME WAS IN EASTERN IOWA NORTH EASTERN IOWA I'M FINDING THAT THE TEST WEIGHTS AREN'T VERY GOOD AT ALL AND IT WHY I HAVE NO CLUE THE BEAN YIELDS THEY'RE ALL OVER THE MAP BUT THE MAJORITY OF THEM SEEM TO BE IN THE MID TO UPPER 40S.
ANALYSIS INTRO:
THERE ARE SEVERAL FACTORS IN PLAY WHEN IT COMES TO THE CURRENT CORN PRICES. IT'S NOT ONLY HARVEST PROJECTIONS BUT GASOLINE PRICES. FARM DIRECTOR AL PELL HAS OUR ANALYSIS.
TEASE:
STRAIGHT AHEAD, IT’S OUR WEEKLY DAIRY REPORT. WE'LL LOOK INTO NEXT YEAR AT USDA'S LATEST EXPECTIONS FOR PRODUCTION AND PRICES IN 2015.
PRICEY STEAK:
HOW WELL DO YOU LIKE STEAK...PRICES ARE HIGH BUT NOTHING LIKE THIS...
MEETINGPLACE REPORTING NEW YORK'S EMPIRE STEAK HOUSE WILL BEGIN OFFERING CERTIFIED JAPANESE KOBE TENDERLOIN AND RIBEYE. DEPENDING ON WHAT YOU BUY IT WILL RUN YOU A COOL 375 TO 385 DOLLARS.  WASHINGTON BANNED JAPANESE BEEF BACK IN 2010 AMID A FOOT-AND-MOUTH DISEASE OUTBREAK THE MARKET WAS REOPENED LAST AUGUST--IN 2012-- ALLOWING IMPORTS OF WHOLE CUTS OF BONELESS BEEF.

 

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