AgDay Daily Recap - April 28, 2011

April 28, 2011 10:05 AM
 

TODAY ON AGDAY:
APRIL 28, 2011

ANIMAL ID ROOK:
THE EPA HAS ALREADY DENIED A PETITION FROM THE FEDERATION TO RECONSIDER ITS POSITION. THE GOAL OF THE RENEWABLE FUELS STANDARD IS TO GROW PRODUCTION TO 36-BILLION GALLONS BY 2022.  IN OUR BEEF-TODAY REPORT, AGDAY'S MICHELLE ROOK TALKS WITH CATTLE PRODUCERS AND INDUSTRY LEADERS ON WHAT THE SYSTEM MIGHT LOOK LIKE. AS FAR AS FUNDING THE ID SYSTEM, USDA SAYS IT INTENDS TO PROVIDE FUNDING TO THE STATES ALONG WITH GUIDELINES AND A COMPUTER INFORMATION SYSTEM. HOWEVER, WHETHER IT'S ENFORCED WILL DEPEND ON WHETHER CONGRESS FUNDS IT.

CATTLE THEFT:
WE'RE KEEPING WITH THE THEME OF ANIMAL ID. NOT NECESSARILY FOR DISEASE TRACE-BACK, BUT FOR PREVENTION OF CATTLE THEFT. WITH CATTLE PRICES HIGH AND FAMILIES STRUGGLING ECONOMICALLY, CONDITIONS ARE RIPE FOR THIEVES TO TARGET LIVESTOCK. LSU AGCENTER BEEF SPECIALIST ALLEN NIPPER SAYS LOSING A FEW HEAD COULD CANCEL MUCH OF A YEAR'S PROFITS FOR SMALL PRODUCERS. HE SAYS SMALLER PRODUCERS ARE OFTEN TARGETED SINCE THEY DON'T TYPICALLY INVEST IN SURVEILLANCE EQUIPMENT. NIPPER RECOMMENDS A PERMANENT ID ON LIVESTOCK. HE ALSO SAYS PRODUCERS SHOULD VARY THE TIME AND LOCATION OF FEEDING. THIS MAKES IT HARDER ON THIEVES TO KNOW WHEN FARMERS WILL BE AROUND.

RED PRODUCTION:
USDA'S ANNUAL REPORT ON RED MEAT PRODUCTION SHOWS A SLIGHT DECLINE IN BEEF AND PORK PRODUCTION IN 2010. THE AG DEPARTMENT SAYS TOTAL RED MEAT PRODUCTION HIT JUST OVER 49 MILLION POUNDS.
ANALYSTS SAY CATTLE AND HOG PRODUCERS TRIMMED THEIR HERDS BECAUSE OF PERSISTENT LOSSES IN 2007-TO-2009. WITH CORN SITTING AT SITTING ABOVE SEVEN DOLLARS, ANALYSTS SAY PRODUCERS WILL BE RELUCTANT TO INCREASE THEIR HERD SIZE SIGNIFICANTLY.

MISSOURI LEVEE BREACH:
IN THE BATTLE AGAINST FLOOD WATERS IN SOUTHEAST MISSOURI, THERE'S NO WORD YET ON WHETHER THE CORPS OF ENGINEERS WILL INTENTIONALLY BREAK A LEVEE TO EASE FLOODING ALONG THE MISSISSIPPI RIVER. THE CORE WANTS TO USE EXPLOSIVES TO BLOW A HOLE IN A LEVEE NEAR CAIRO, ILLINOIS. THIS WOULD RELIEVE PRESSURE ON A LEVEE PROTECTING THAT TOWN, BUT IT WOULD ALSO FLOOD 130,000 ACRES OF LAND. THE STATE OF MISSOURI FILED A LAWSUIT TO STOP THE CORE. OFFICIALS WITH THE CORE TOLD AGDAY THAT A DECISION WILL NOT BE MADE BEFORE THE WEEKEND.

MISSOURI GRAIN HAUL:
IN THE WAKE OF POTENTIAL FLOODING, AREA PRODUCERS ARE ALREADYING THINKING ABOUT PROTECTING GRAIN AND HAY IN STORAGE. THE MISSIOURI DEPARTMENT OF AG AND THE MISSOURI D.O.T. HAVE AGREED TO ALLOW HEAVIER THAN NORMAL LOADS OF FARM COMMODITIES TO TRAVEL OUT OF FLOODED AREAS ALONG STATE ROADWAYS. LOADS CAN NOW WEIGH 10% MORE THAN THEIR LICENCENED WEIGHTS UNTIL MAY TENTH.

CNH ARGENTINA:
IN AGRIBUSINESS THIS MORNING, CNH THE MAKER OF CASE AND NEW HOLLAND FARM EQUIPMENT, SAYS IT PLANS TO OPEN A NEW PLANT IN ARGENTINA. THE MANUFACTURING SITE WILL BUILD COMBINES AND TRACTORS FOR THE LATIN AMERICAN MARKET. PARENT COMPANY FIAT INDUSTRIAL PLANS TO INVEST 100 MILLION DOLLARS IN THE OPERATION..BUILDING AN 80,000 SQUARE METER FACILITY AND EMPLOYING ABOUT 600 PEOPLE. THE COMPANY CALLS THE INVESTMENT KEY TO ITS GROWTH STRATEGY IN THE REGION.

AGCO EARNINGS:
EQUIPMENT MAKER AG-CO RELEASED ITS FIRST QUARTER EARNINGS REPORT. IT REPORTS NET SALES OF ONE POINT 8 BILLION. THAT'S UP MORE THAN 35% OVER THE FIRST QUARTER OF LAST YEAR. MARGINS FOR THE COMPANY ARE BACK UP...NEARNING 9%. THE COMPANY PRESIDENT AND CEO SAYS STRONG FARM ECONOMIES IN WESTERN EUROPE, NORTH AND SOUTH AMERICA ARE HELPING IT CAPITALIZE ON STRONG INDUSTRY DEMAND.

ANALYSIS:
BOB UTTERBACK

IN THE COUNTRY; CATERPILLARS:
BUTTERFLIES SPEND THEIR CHILDHOOD AS CATERPILLARS. THEY OUTGROW THEIR SKIN AND SHED IT SEVERAL TIMES. AFTER THE LAST SHEDDING, THE CATERPILLAR FASTENS TO A BRANCH AND ENTERS THE PUPA OR CHRYSALIS STAGE IN LOUISIANA, CATERPILLARS ARE DESCENDING FROM TREES LOOKING FOR AN IDEAL SPOT TO UNDERGO THEIR METAMORPHOSIS. LSU AGCENTER CORRESPONDENT TOBIE BLANCHARD SAYS MOST CATERPILLARS ARE ONLY A MINOR NUISANCE. OTHERS CAN DELIVER A PAINFUL STING. THANKS TOBIE. SPRING IS THE TIME OF NEW BEGINNINGS, THAT INCLUDES THE BEGINNING OF GRILLING SEASON. WE'VE GOT THE LATEST PRICE PREDICTION FOR RED MEAT FROM THE USDA NEXT IN FOOD AND YOUR FAMILY.

USDA FOOD INFLATION:
IN FOOD AND YOUR FAMILY THE USDA IS STICKING TO ITS OVERALL FOOD INFLATION FORECAST FOR US SHOPPERS THIS YEAR. ITS LATEST REPORT KEEPS THE PREDICTION AT 3-4% ABOVE LAST YEAR. BUT IT APPEARS CERTAIN FOODS WILL COST YOU EVEN MORE. RETAIL BEEF PRICES ARE EXPECTED TO STAKE OUT NUMBERS 7-8% HIGHER THAN IN 2010. IN MARCH THE USDA THOUGHT THOSE COSTS WOULD ONLY RUN YOU 4-5% MORE. PORK PRICES MAY ALSO POTENTIALLY CLIMB. UP 6.5-7.5%...JUST SLIGHTLY HIGHER FROM THE LAST USDA REPORT IN MARCH.
FRESH VEGES ARE ALSO EXPECTED TO COST MORE.

CDC HEALTHY CHOICE:
AND THE CDC BLAMES ACCESS TO HEALTHY FOODS IN MOST STATES FOR THE MASSIVE INFLUX IN CHILDHOOD OBESITY. PART OF ITS 2011 CHILDREN'S FOOD ENVIRONMENT STATE INDICATOR REPORT, RESEARCHERS SAY THERE IS A LACK OF ACCESS TO SUPERMARKETS AND OTHER HEALTHY FOODS SHOPS...A TREND THAT INDICATES A LOWER QUALITY DIETS AND INCREASED RISK OF OBESITY. THE REPORT SAYS THIS LIMITED HEALTHY FOODS ACCESS MAKES IT MORE DIFFICULT TO TEACH KIDS HEALTHY EATING HABITS. THE CDC DIRECTOR SAYS CHILDHOOD OBESITY HAS TRIPLED IN THE LAST 30 YEARS.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP 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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