AgDay Daily Recap - August 10, 2011

August 10, 2011 03:01 AM
 

TODAY ON AGDAY:
AUGUST 10, 2011

CROP SIZE:
GOOD MORNING, CLINTON IS ON ASSIGNMENT. USDA'S AUGUST SUPPLY AND DEMAND REPORT COMES OUT TOMORROW AND THE ESTIMATES SO FAR ON THE SIZE OF THIS YEAR'S CORN CROP HAVE VARIED GREATLY. PRIVATE FIRMS ARE PROJECTING YIELDS ANYWHERE FROM 150 TO 158 BUSHELS PER ACRE ON CORN, BUT ALL ARE STILL BELOW USDA'S JULY FIGURE OF 158.7. EARLY ESTIMATES ON SOYBEAN YIELD ARE GENERALLY AVERAGING FROM ONE TO TWO BUSHELS PER ACRE LOWER THAN USDA'S 43.4 BUSHEL PER ACRE ESTIMATE IN JULY WHICH COULD PULL ENDING STOCKS DOWN TO PIPELINE SUPPLIES. AGDAY'S MICHELLE ROOK TALKED TO SEVERAL EXPERTS AT FARMFEST LAST WEEK IN REDWOOD COUNTY MINNESOTA ABOUT WHAT THEY THINK FARMERS WILL FIND IN THE FIELDS THIS FALL. MARKET EXPERTS SAYS IF USDA LOWERS THE ENDING STOCKS FOR CORN MARKET EVEN DOWN TO 650 MILLION BUSHELS THEY EXPECT DECEMBER NEW CROP CORN COULD TAKE OUT THE OLD HIGH AT SEVEN-22 AND THREE QUARTERS. AND IF SOYBEANS GET DOWN TO AROUND 100 MILLION BUSHELS NEW CROP FUTURES WILL ALSO SET SOME NEW HIGHS.

REPORT PROMO:
USDA WILL RELEASE THE REPORTS THIS THURSDAY MORNING AT 7:30 CENTRAL, 8:30 EASTERN. YOU'LL BE ABLE TO ACCESS THE REPORTS IMMEDIATELY ON www.agweb.com. PLUS THERE'LL BE ANALYSIS THROUGH-OUT THE MORNING.

ANIMAL TRACEABILITY:
USDA'S ANIMAL AND PLANT HEALTH INSPECTION SERVICE ISSUED A PROPOSED RULE TO ESTABLISH GENERAL REGULATIONS FOR IMPROVING THE TRACEABILITY OF U-S LIVESTOCK MOVING INTERSTATE WHEN ANIMAL DISEASE EVENTS TAKE PLACE. AS YOU MAY REMEMBER, USDA PULLED THE "NATIONAL ANIMAL I-D SYSTEM" OFF THE TABLE BECAUSE IT DID NOT GET BACKING FROM MANY IN THE INDUSTRY. NOW, UNDER THE PROPOSED RULE, LIVESTOCK MOVED VIA INTERSTATE WOULD HAVE TO BE OFFICIALLY IDENTIFIED AND ACCOMPANIED BY A CERTIFICATE OF VETERINARY INSPECTION. THE PROPOSED RULE ENCOURAGES THE USE OF LOW-COST TECHNOLOGY, SUCH AS METAL EARTAGS FOR CATTLE.

MACHINERY MINUTE; AGCO ROLLOUT:
IN MACHINERY MINUTE AGCO CORPORATION INTRODUCED 15 NEW PIECES OF EQUIPMENT YESTERDAY THAT WILL BE PART OF THEIR NEW EQUIPMENT LINE-UP. SOME OF THE EQUIPMENT INCLUDES A NEW SERIES OF HESSTON HAY EQUIPMENT, MASSY FERGUSON COMBINES, AS WELL AS A FULL COMPLEMENT OF EQUIPMENT FOR SUNFLOWER PRODUCERS. IT ALSO UNVEILED EQUIPMENT THAT WILL HELP WITH THE GATHERING OF BIOMASS FOR BIOFUELS. AGDAY HAD A CREW IN KANSAS CITY FOR THE EVENT. WE'LL BRING YOU SOME OF THE HIGHLIGHTS OVER THE NEXT FEW DAYS.

MACHINERY MINUTE; RITE WAY:
MEANWHILE AT MINNESOTA'S FARM-FEST LAST WEEK, WE TALKED WITH A MARKETING REP FOR RITE-WAY MANUFACTURING. THAT COMPANY WAS SELLING ITS BIG LAND-ROLLERS. THE ROLLERS PRESS ROCKS INTO THE GROUND WITHOUT ROLLING THE CROP OUT AHEAD OF IT. THE COMPANY SAYS THE IDEA FIRST ORIGINATED IN SASKATCHEWAN, CANADA. RITE-WAY OFFERS LAND ROLLERS THAT RANGE FROM EIGHT TO 85 FEET WIDE. THEY COME IN THREE, FIVE OR SEVEN SECTIONS. THE COMPANY SAYS THE ROLLERS FLOAT INDEPENDENTLY WHILE MAINTAINING CONSTANT GROUND PRESSURE -- SO IT WORKS EFFECTIVELY EVEN ON CHANGING TERRAIN.

MM; KUBOTA:
IN OTHER NEWS FROM MACHINERY MINUTE, KUBOTA IS CELEBRATING A MILESTONE. THE JAPANESE TRACTOR MAKER SAYS IT HAS NOW SOLD 1.5 MILLION TRACTORS IN THIS COUNTRY. KUBOTA FIRST MARKETED ITS COMPACT TRACTORS IN THE U.S. IN 1972 WITH A 12-HORSEPOWER MACHINE. THE COMPANY SAYS IT WAS THE FIRST TO OFFER FOUR WHEEL DRIVE ON COMPACT TRACTORS.

TRIMBLE EARNINGS:
IN AGRIBUSINESS TRIMBLE ANNOUNCED BIG NUMBERS FOR THE FISCAL QUARTER THAT JUST ENDED. TRIMBLE SPECIALIZES IN GPS AND OTHER SMART TECHNOLOGY FOR FARM-USE. THE COMPANY SAY SECOND QUARTER REVENUE WAS UP 22% FROM THE SAME TIME LAST YEAR. IT PEGGED 407-MILLION DOLLARS IN REVENUES. OPERATING INCOME FOR THE SECOND QUARTER OF 2011 WAS 51-MILLION, UP 27%.

ANALYSIS:
CHIP NELLINGER

IN THE COUNTRY; SAMMY WINNER:
WHEN IT COMES TO AWARDS, NO DOUBT YOU'VE HEARD OF THE EMMY'S AND THE GRAMMY'S. BUT WHAT ABOUT THE SAMMY'S! IT STANDS FOR SCHOLAR-ATHLETE-MILK-MUSTACHE OF THE YEAR - OR SAMMY. THE AWARD IS SELECTED BY THE USA TODAY AND THE "GOT MILK" FOLKS. IN THIS VIDEO FROM THE WISCONSIN MILK MARKETING BOARD, YOU MEET THE WINNER FROM "THE DAIRY STATE," YOU CAN CLICK ON WWW.BODYBYMILK.COM AND READ ABOUT ALL THE WINNERS FROM ACROSS THE COUNTRY. PLUS, YOU CAN ALSO FIND THE APPLICATION FOR NEXT YEARS AWARDS. STILL TO COME, "LOSERS" IN THE RESTAURANT BIZ. FOOD AND YOUR FAMILY IS NEXT.

MICHIGAN FOOD STAMPS:
IN FOOD AND YOUR FAMILY WHILE THE NUMBER OF AMERICANS NEEDING FOOD STAMPS HAS REACHED ALL-TIME HIGHS, THE STATE OF MICHIGAN IS CUTTING THE NUMBER OF PEOPLE ON THEIR FOOD-STAMP LEDGER. MICHIGAN HAS REMOVED ABOUT 30,000 COLLEGE STUDENTS FROM ITS FOOD STAMP PROGRAM. THE STATE HOPES TO SAVE 75-MILLION DOLLARS BY DOING SO. THE FOOD STAMP PROGRAM IS NOW CALLED "SNAP". IT'S USED BY 45-MILLION AMERICANS, CLIMBING 16% SINCE LAST YEAR. FEDERAL RULES DON'T ALLOW MOST COLLEGE STUDENTS TO COLLECT FOOD STAMPS, BUT MICHIGAN HAD CREATED ITS OWN RULES THAT MADE NEARLY ALL STUDENTS ELIGIBLE. MICHIGAN HAD 10 TIMES THE NUMBER OF STUDENTS ON FOOD STAMPS AS EITHER ILLINOIS OR CALIFORNIA. ACCORDING TO THE DETROIT NEWS, THE STATE IS TRYING TO CHANGE THE "CULTURE" OF THE STATE'S WELFARE DEPARTMENT. EVEN WITH COLLEGE STUDENTS OFF THE WELFARE ROLLS, NEARLY 20% OF THE STATE IS ON "SNAP".

RESTAURANT CLOSURES:
THE VOLATILE ECONOMY HAS TAKEN A TOLL ON THE RESTAURANT INDUSTRY. THAT'S ACCORDING TO NEW RESEARCH FROM THE NPD MARKETING GROUP. NPD TRACKS RESTAURANT TRENDS. IT SAYS U.S. RESTAURANT COUNTS HAVE DECLINED BY 2%, OR ABOUT 9,400 RESTAURANTS SINCE 2010. MOST OF THOSE CLOSINGS WERE INDEPENDENT RESTAURANTS. NPD SAYS CHAIN RESTAURANT GROUPS REMAINED RELATIVELY STABLE. NPD SAYS THE DECLINE IN INDEPENDENT UNITS IS THE STEEPEST SINCE THEY STARTED TRACKING THIS PARTICULAR TREND IN 2001.


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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