AgDay Daily Recap - April 25, 2011

April 25, 2011 09:45 AM
 

TODAY ON AGDAY:
APRIL 25, 2011

CATTLE ON FEED:
IT SHOWS THE NUMBER OF CATTLE AND CALVES ON FEED FOR SLAUGHTER IS NOW 11.3 MILLION HEAD. THAT'S IN FEEDLOTS WITH A CAPACITY OVER 1,000. THAT PUTS INVENTORY 5% ABOVE LAST APRIL.  STEER AND CALF NUMBERS WERE 7%HIGHER. PLACEMENTS IN FEEDLOTS WERE UP 3% AND MARKETINGS OF FED CATTLE WERE 4% HIGHER. THAT'S THE SECOND HIGHEST MARKETING NUMBER SINCE THE SERIES BEGAN IN 1996. CATTLE FUTURES ARE UP NEARLY 25% ON THE CHICAGO MERC SINCE LAST YEAR. BUT IN RECENT WEEKS THOSE SURGING NUMBERS HAVE SOFTENED WITH MORE CATTLE IN FEEDLOTS AND RECORD RETAIL BEEF PRICES CURBBING CONSUMER DEMAND. HOWEVER, ECONOMISTS SAY DON'T EXPECT MARKETS TO FALL TOO FAR. PEEL SAYS SO FAR THE DROUGHT IN THE SOUTH AND SOUTHWEST DOESN'T APPEAR TO-HAVE IMPACTED MARKETS. BUT HE EXPECTS THAT TO CHANGE IF PRODUCERS START CULLING CATTLE DUE TO A LACK OF FORAGE. BIG HARVESTERS LIKE TYSON FOODS AND JBS EXPECT MORE CATTLE ON FEED DUE TO DROUGHT--WHICH SHOULD LOWER PRICES AND IMPROVE MARGINS.  BUT COME FOURTH QUARTER CATTLE SUPPLIES MAY BE EXTREMELY TIGHT.

RAINS CONTINUE:
CORN BELT FARMERS WHO ARE ANXIOUS TO START THEIR PLANTING WON'T BE ROLLING ANYTIME SOON. ACCU-WEATHER METEOROLOGISTS SAY IT APPEARS THE HEAVY RAIN CONDITIONS WILL CONTINUE FOR ANOTHER WEEK. ACCU-WEATHER SAYS THE WEATHER-PATTERN SHOWS STORMS WILL CONTINUE FROM NEBRASKA TO INDIANA. THROUGH-OUT THE CENTRAL CORNBELT THERE'S A POTENTIAL FOR AN ADDITIONAL THREE TO SIX INCHES OF RAIN. ACCU-WEATHER SAYS SOME PARTS OF THE MISSISSIPPI AND OHIO VALLEYS HAVE RECEIVED 200% OF NORMAL RAINFALL THIS MONTH. SATURATED FIELDS MEAN LONGER DELAYS IN PLANTING. AS OF LAST MONDAY, SEVEN PERCENT OF THE NATION'S CORN HAD BEEN PLANTED. THAT'S JUST A POINT BEHIND THE FIVE YEAR AVERAGE. THE LATEST CROP PROGRESS DATA WILL BE RELEASED THIS AFTERNOON. WE'LL HAVE THOSE NUMBERS FOR YOU TOMORROW ON AGDAY.

WHEAT MIDGE:
IN NORTH DAKOTA, RAINY WEATHER, SNOW AND SPRING FLOODING IS KEEPING FARMERS OUT OF FIELDS. AND THAT MAY BE BAD NEWS FOR WHEAT GROWERS. A WHEAT DESTROYING INSECT IS EXPECTED TO BE BACK THIS YEAR AND EXPERTS SAY POPULATIONS COULD HIT RECORD HIGHS. NICK DRYER FROM AFFILIATE KMOT HAS THE STORY. THANKS NICK. THE BEST TIME TO SCOUT FOR WHEAT MIDGE IS AT DUSK. THERE ARE ALSO TEST TRAPS AVAILABLE TO SEE HOW BADLY CROPS ARE INFESTED.

CNH EARNINGS:
IN AGRIBUSINESS, EQUIPMENT MAKER C-N-H ANNOUNCED ITS NET SALES IN THE AG EQUIPMENT SECTOR INCREASED 17-PERCENT DURING THE FIRST QUARTER OF THIS YEAR. THE COMPANY SAYS IT'S A RESULT OF FAVORABLE TRADING CONDITIONS FOR AGRICULTURAL EQUIPMENT IN MOST OF ITS MARKETS. INCREASED GLOBAL COMMODITY PRICES HAS A LOT TO DO WITH THAT. THE COMPANY WARNED THAT ITS REVENUES MAY BE IMPACTED BY JAPAN'S EARTHQUAKE. CNH SAYS NONE OF ITS PARTNERS OR SUPPLIERS SUFFERED LONG-TERM DAMAGE, BUT IT DOES EXPECT SUPPLY DISRUPTIONS FOR SOME COMPENENT PARTS.

ANALYSIS:
MIKE NORTH

IN THE COUNTRY; W.A. MCHENRY:
AS OF THIS MONTH, IT'S BEEN JUST OVER ONE-HUNDRED FIFTY YEARS SINCE AMERICA FOUGHT ONE OF ITS BLOODIEST WARS. THE CIVIL WAR BEGAN APRIL 12TH, 1861 AFTER CONFEDERATE FORCES FIRED ON THE MILITARY INSTALLATION AT FORT SUMTER IN SOUTH CAROLINA. W.A. MCHENRY FOUGHT IN THAT WAR AND SERVED HIS COUNTRY IN THE YEARS FOLLOWING. HIS LIFE--AS THE AMERICAN ANGUS ASSOCIATION TELLS US--WAS DEFINED BY HIS RANCH AND HIS CATTLE--AND THEY'RE STILL DEFINING THE INDUSTRY TODAY. WA MCHENRY'S FAMOUS BULL IS STILL MAKING HIS MARK. ACCORDING TO THE AMERICAN ANGUS ASSOCIATION OF THE 3.1 MILLION ANGUS CATTLE REGISTERED IN THE LAST TEN YEARS...ALL BUT 964 OF THEM TRACE BACK TO EARL MARSHALL. THANKS TO THE AMERICAN ANGUS ASSOCIATION FOR THAT STORY. FOOD AND YOUR FAMILY IS NEXT.

ORGANIC SALES:
IN FOOD AND YOUR FAMILY, LAST WEEK WE REPORTED A STUDY SHOWING THAT CONSUMERS TEND TO FAVOR PRODUCTS LABELED AS ORGANIC EVEN WHEN GIVEN THE IDENTICAL PRODUCT WITHOUT THE ORGANIC LABEL. THAT MAY BE ONE REASON BEHIND THE JUMP IN ORGANIC SALES. THE ORGANIC TRADE ASSOCIATION NOW REPORTS U.S. SALES OF ORGANIC FOOD AND DRINK SURGED NEARLY 8 PERCENT LAST YEAR, WHILE THE MAINSTREAM FOOD MARKET EXPERIENCED LESS THAN ONE PERCENT GROWTH. ORGANIC FOOD SALES NOW ACCOUNT FOR 4 PERCENT OF ALL U.S. FOOD SALES. THE TOP PERFORMERS WERE FRUIT AND VEGGIES. ORGANIC DAIRY POSTED 9 PERCENT GROWTH

COMPOSTING LEFTOVERS:
YOU'RE FAMILIAR WITH THE FARM TO TABLE CONCEPT, BUT WHAT ABOUT ALL THOSE FOOD LEFTOVERS ON RESTAURANT TABLES?  DISPOSAL OF FOOD WASTE IS BOTH A COSTLY CONCERN FOR RESTAURANTS AND AN ENVIRONMENTAL CHALLENGE. NOW.... AN INCREASINGLY POPULAR ON-FARM PRACTICE MAY PRESENT A SOLUTION - COMPOSTING. A GROWING NUMBER OF RESTAURANTS ARE TURNING TO FOOD-WASTE HAULING COMPANIES TO TRUCK THEIR LEFTOVERS TO COMPOST FACILITIES, WHERE THE SCRAPS ARE DECOMPOSED INTO FERTILE SOILS. THE FOUNDER OF ONE FOOD WASTE HAULING COMPANY SAYS "IF FARM TO TABLE IS GOOD. FARM TO TABLE, BACK TO FARM IS EVEN BETTER!"

CONTACT PAGE:
AS ALWAYS HERE'S HOW YOU CAN REACH ME. GIVE ME A RING AT 800-792-4329. OR SEND AN EMAIL TO INBOX@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .
 

 

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