AgDay Daily Recap - August 11, 2011

August 11, 2011 05:26 AM
 

TODAY ON AGDAY:
AUGUST 11, 2011

USDA REPORT:
WHEN THE MARKET OPENS THIS MORNING, IT'LL RESPOND TO ANOTHER 500 POINT PLUNGE IN THE DOW. IN FARM COUNTRY, THE FOCUS WILL BE ON KEY USDA REPORTS THAT COULD SEND RIPPLES THROUGH THE GRAIN MARKETS. THE AUGUST REPORT IS THE FIRST CROP PRODUCTION REPORT BASED ON PRODUCER SURVEYS. IN ANTICIPATION OF THE REPORT, SEVERAL HIGHLY RESPECTED ANALYTICAL FIRMS LOWERED THEIR PROJECTIONS OF THIS YEARS CROP. THEY BELIEVE USDA WILL CUT THE AVERAGE CORN YIELD BY MORE THAN THREE BUSHELS WHICH WOULD REFLECT THE DAMAGE CAUSED BY THE WIDESPREAD HEATWAVE. THE HEAT CAME JUST AS THE CROP WAS TRYING TO POLLINATE IN MUCH OF THE CORN BELT. ALREADY, WE'VE SEEN THE CONDITION RATING DROP OVER THE PAST MONTH, ESPECIALLY IN THE EASTERN CORN BELT. IN ILLINOIS - FOR INSTANCE - IT DROPPED FROM 67% TO 50% IN THE "GOOD TO EXCELLENT" CATEGORY. PRO FARMER EDITOR CHIP FLORY HAS A PREVIEW OF THE REPORT.

BEEF TODAY REPORT; TRAILER LINES:
IN OUR BEEF TODAY REPORT, WE LOOK AT THE "EMOTIONAL" LOSS ASSOCIATED WITH THE ON-GOING DROUGHT IN THE SOUTHERN PLAINS. UNABLE TO KEEP-UP WITH FEED DEMANDS, A LARGE NUMBER OF RANCHERS IN THE SOUTH HAVE BEEN CULLING THEIR HERDS. SOMETIMES, THEY'RE GETTING RID OF HIGHER QUALITY ANIMALS. AS A RESULT, SALES BARNS ARE SEEING EXTREMELY HIGH VOLUME. BEEF TODAY EDITOR KIM WATSON SENT US PHOTOS FROM A SALES BARN IN BUFFALO, TEXAS - THAT'S DUE EAST OF WACO. SHE SAYS THIS IS AN UN-USUALLY LONG LINE OF TRUCKS AND GOOSE-NECK TRAILERS, ESPECIALLY FOR SMALLER SIZED AUCTIONS. ON THIS PARTICULAR SALES DAY, THEY SOLD A THOUSAND HEAD MORE THAN NORMAL. AS WE'VE BEEN REPORTING, RANCHERS IN TEXAS AND OKLAHOMA ARE WEANING CALVES EARLY AND SENDING BULLS AND COWS TO MARKET. THOSE DECISIONS CAN HAVE A LASTING EFFECT.

BEEF TODAY REPORT; NEBRASKA DITCHES:
MEANWHILE, AS A WAY TO HELP NEBRASKA CATTLEMEN DEAL WITH THE DROUGHT, THE STATE SAYS PRODUCERS WILL BE ALLOWED TO HARVEST HAY FROM PUBLIC LANDS - NAMELY, ROAD DITCHES. RANCHERS MUST GET PERMISSION FROM THE NEBRASKA DEPARTMENT OF ROADS FOR A PERMIT TO HAY AND BALE ALONG STATE HIGHWAYS TO FILL THE NEED FOR FEED. THE SHORT-TERM FIX RUNS THROUGH SEPTEMBER 15TH.  ACCORDING TO "BEEF TODAY", PROPERTY ALONG COUNTY ROAD DITCHES CAN ALSO BE HAYED AND BALED WITHOUT A PERMIT. BUT IT IS RECOMMENDED TO FIRST GIVE NOTICE TO THE LOCAL COUNTY COMMISSIONER.

ANIMAL TRACEABILITY:
AS AGDAY FIRST REPORTED YESTERDAY, USDA HAS ISSUED A PROPOSED RULE TO HELP TRACK LIVESTOCK IN THE EVENT OF A DISEASE OUTBREAK. THE PLAN IS CALLED THE "ANIMAL DISEASE TRACE-ABILITY" PROGRAM - OR ADT. THE PLAN WAS DEVELOPED BY A DOZEN BEEF AND DAIRY GROUPS. UNLIKE THE PROPOSED NATIONAL ANIMAL IDENTIFICATION SYSTEM, PARTICIPATION IN ADT WOULD BE MANDATORY. IT WOULD PERTAIN ONLY TO ANIMALS MOVED BY INTERSTATE, THE PROPOSED RULE IS NOW OPEN FOR PUBLIC COMMENT, WHICH RUNS UNTIL EARLY NOVEMBER.

MACHINERY MINUTE; AGCO ROLLOUT:
CALLING IT THE LARGEST AND MOST SIGNIFICANT PRODUCT LAUNCH IN THE COMPANY'S HISTORY, AGCO CORPORATION INTRODUCED 15 NEW PIECES OF EQUIPMENT THIS WEEK IN KANSAS CITY. FOUNDED IN 1990, IT HAS GROWN ITS BUSINESS WITH MORE THAN 24 ACQUISITIONS. AGCO NOW SPENDS 270-MILLION DOLLARS ANNUALLY ON REARCH AND DEVELOPMENT. MARGY FISCHER TALKED WITH ONE OF THE KEY PLAYERS IN THIS MORNING'S MACHINERY MINUTE. OVER THE NEXT FEW DAYS, WE'LL TAKE A CLOSER LOOK AT SOME OF THE SPECIFIC EQUIPMENT THAT AGCO ROLLED OUT THIS WEEK, INCLUDING A NEW 36-ROW PLANTER WITH TRACKS.

ANALYSIS:
BRYAN DOHERTY

IN THE COUNTRY; CREP PROGRAM:
FARMERS AND RANCHERS WHO DEPEND ON THE HEALTH OF THEIR LAND ARE ON THE FRONT-LINES TO PROTECT THE WATERSHED. USDA OFFERS SEVERAL PROGRAMS THAT PRODUCERS CAN USE TO HELP KEEP WATERWAYS CLEAN. ONE SUCH PROGRAM IS "CREP" - THE CONSERVATION RESERVE ENHANCEMENT PROGRAM." IN THIS REPORT FROM ARKANSAS FARM BUREAU, KEN MOORE HOW ONE DAIRY-MAN USES THE TOOL. YOUR LOCAL FSA OFFICE CAN TELL YOU ALL ABOUT "CREP". STILL TO COME, FOOD AND YOUR FAMILY.

FARMERS MARKET:
IN FOOD AND YOUR FAMILY, CELEBRATING THE GROWTH OF FARMERS MARKETS. IT'S NATIONAL FARMERS MARKET WEEK. IT'S A GOOD OPPORTUNITY TO VISIT THE LOCAL MARKET AND PURCHASE SOME FRESH PRODUCE, GROWN BY AN AREA FARMER. ACCORDING TO USDA STATISTICS, CALIFORNIA LEADS THE NATION IN THE NUMBER OF FARMERS MARKETS - WITH MORE THAN 700. ACROSS THE COUNTRY, THERE ARE ABOUT 7,000 AND THE NUMBER CONTINUES TO GROW. USDA SAYS MORE THAN A THOUSAND NEW FARMERS MARKETS OPENED THIS YEAR.

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 AT WWW.FACEBOOK.COM/AGDAY.
 

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