AgDay Daily Recap - April 30, 2012

April 30, 2012 05:57 AM

APRIL 30, 2012

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April 30
News Release:
As we looked back at the news releases from USDA, the department said tissue samples were sent to its veterinary labs in Iowa on Friday April 20th. It was four days later - on April 24th - when USDA made its announcement. AgDay analyst and markets trader Mark Gold says the market heard rumors by 10:30 on that Tuesday morning. That's a lot of time for information to come out.
BSE Update:
Now as far as the actual BSE case, USDA has given us a bit more information about the animal that started it all. The agency says the cow was 10 years and seven months old. It came from one of the many dairy farms in Tulare County, California. The USDA says now that it knows the exact age of the animal and where it came from, other cows from its herd will be bought, tested and removed from the supply chain. As will all of its offspring. Luckily the cow could be traced.
That wasn't the case with the Alabama beef cow back in 2006. That cow's herd of orgin was never located. From our partners at dairy today, contention continues over a safety net for dairy producers. The discussion was highlighted Thursday at a hearing before the house Ag subcommittee on livestock, dairy and poultry.
Crop Watch:
The historic drought that plagued Texas for much of 2011 finally appears to be receding, at least for the eastern half of the state. West Texas is still in bad shape. While there's improvement in Texas, New Mexico is still plagued with drought. USDA says the entire state is under some level of drought. 70-percent is classified as severe or worst. Meanwhile, wildfires like this may be a common occurrence again this year in the southwest. The chief of the U.S forest service says he expects this year's fire season to be as active as last year. Historic fires charred thousands of square miles in Arizona, New Mexico and Texas. Forest Service Chief Tom Tidwell says the southwest rains dry. He also said the middle part of the country could have a more severe season this year. Now, here's Mike Hoffman with crop watch.
Good morning Clinton. We'll begin in O'brien County, Iowa. A farmer told us he started planting corn last Tuesday and he was expecting to finish on Friday, depending on rain. In Hillsdale county, Michigan - which is along the southern border - corn's going in pretty heavy right now. A few farmers have started planting beans. The farmer told AgWeb it wouldn't hurt to get a little rain, as we are borderline dry. And in Kearny County, Kansas, a farmer told us the wheat crop out here really took a beating in the last five days. A lot of wheat has about died or has lost a lot of yield potential. If we don't get a rain in the next few days, we will lose a lot of wheat in that corner of the state. Until recently, he had a real good wheat crop.
Agribusiness – Mark Gold:
Coming up on Agday, beans move above the 15 dollar mark. What's the impact that could have on the future, details in agribusiness. In agribusiness, there were big gains Friday in the major grains. Corn, soy and wheat were all up. Some of that movement was based on possible grain buys from china. Soybeans - in particular - traded above 15-dollars before retreating.
If you need a powerful utility machine for your farm or ranch, well look no further. Once again, AgDay has teamed-up with our friends at Yamaha to giveaway this "Rhino 700".
This side-by-side is loaded with accessories. It includes a windshield, sun-top, cargo bed-box, over-fenders and a winch. And of course, it's a four-by-four. So whether you're doing chores, going on a hunt or just a ride on your property, the rhino 700 will get you there. Hydroponic farming accounts for only about one-percent of the total produce on the market. Though the numbers are small, there has been some growth. 


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