AgDay Daily Recap - August 22, 2011

August 22, 2011 08:57 AM
 

TODAY ON AGDAY:
AUGUST 22, 2011

PRESIDENTIAL REGULATIONS:
OUR CAMERA'S WERE THERE FOR THE STOP. THE PRESIDENT TOOK QUESTIONS FROM THE AUDIENCE AND ONE FARMER SAID PRODUCERS PREFER TO SPEND THEIR TIME IN THE FIELD RATHER THAN FILLING OUT FORMS OR PERMITS. HE FOLLOWED THAT WITH A QUESTION ABOUT INCREASING REGULATIONS. HOW THE PRESIDENT RESPONDED IS CREATING A FLURRY OF FINGER POINTING.

WALL STREET JOURNAL:
THE WALL STREET JOURNAL PUBLISHED AN OPINION PIECE CALLED OBAMA ON THE FARM. IT SAYS THE PRESIDENT REACTED RUDELY...QUOTE "IT MUST HAVE BEEN A THRILL FOR THE FARMER TO HAVE THE PRESIDENT TELL HIM IN PUBLIC HOW HE'D BEEN DUPED AND HOW LITTLE HE KNEW ABOUT THE REGULATIONS AFFECTING HIS OWN BUSINESS."

USDA REACTS:
THEN USDA SECRETARY TOM VILSACK COUNTERED ON HIS OWN BLOG. HE SAYS THE ARTICLE "MISSED THE UNDERLYING FACT: THE OBAMA ADMINISTRATION UNDERSTANDS THAT AMERICA'S FARMERS ARE SOME OF THE NATION'S FINEST CONSERVATIONSITS AND WE HAVE GONE TO HISTORIC LENGTHS TO SUPPORT THEM..." THE POST GOES ON TO SAY RUMORS AND MISCONCEPTIONS ABOUT REGULATIONS ARE NOW THE NORM..BUT NOT THE TRUTH. VILSACK SAYS QUOTE, "IF FOLKS WANT TO CRITIQUE THE PRESIDENT ON STYLE, SO BE IT. BUT LET'S MAKE SURE TO LOOK AT THE FACTS AS WELL."

NCBA REACTS:
THE NATIONAL CATTLEMEN'S BEEF ASSOICIATION IS ALSO JOINING THE DISCUSSION. THEY POSTED A VIDEO OF THE OVER-REGULATION EXPRESS WHICH CHUGS OUT A LIST OF NEW OR PROPOSED REGULATIONS FROM THE ADMINISTRATION.

PRO FARMER CROP TOUR:
IN OTHER NEWS, A TOUR EXPECTED TO PROVIDE LOTS OF ANSWERS STARTS THIS WEEK. THE PROFARMER MIDWEST CROP TOUR KICKED OFF YESTERDAY FROM OPPOSITE ENDS OF THE CORN BELT. MANY IN THE INDUSTRY FEEL LIKE THIS WILL BE THE FIRST REAL LOOK AT HARVEST POTENTIAL FOR AMERICA'S CORN AND SOYBEAN CROPS. SCOUTS ARE NOW MAKING THEIR WAY FROM OHIO AND NEBRASKA TO AUSTIN MINNESOTA, STOPPING RANDOMLY AT FIELDS ALONG THE WAY.  YIELDS FOR CORN AND SOYBEANS ARE TALLIED. A COUPLE OF WEEKS AGO THE USDA LOWERED ITS FORCAST FOR THIS YEAR'S HARVEST TO 153 BUSHELS PER ACRE FOR CORN. IOWA STATE'S ELWYNN TAYLOR SAID LAST WEEK, HE THINKS THE NATION-WIDE AVERAGE WILL BE CLOSER TO 149. PROFARMER'S CHIP FLORY AND BRIAN GRETE GIVE US A PREVIEW OF WHAT THEY EXPECT.

EAR COUNT GREG VINCENT:
TRAVELING WITH THE CROP TOUR SCOUTS WILL BE SEVERAL MEDIA OUTLETS INCLUDING OUR CROPORATE COUSINS OVER AT AGWEB. AGWEB EDITOR GREG VINCENT JOINS US WITH A FEW EXAMPLES OF WHAT HE EXPECTS TO SEE ALONG THIS YEAR'S TOUR.

CATTLE ON FEED:
IN AGRIBUSINESS THE MONTHLY CATTLE ON FEED REPORT CAME OUT LATE LAST WEEK. THE NUMBERS PUT INVENTORY AND PLACEMENTS AT OR NEAR RECORD HIGHS FOR JULY. THE INVENTORY IN FEEDLOTS WITH CAPACITY OF ONE THOUSAND OR MORE HEAD TOTALED JUST OVER TEN AND HALF MILLION HEAD. THAT'S 8% HIGHER THAN LAST YEAR...AND ABOVE TRADER'S EXPECTATIONS. PLACEMENTS WERE UP 22%...A RECORD FOR THAT MONTH. OUR PARTNERS AT PRO FARMER SAY THE LARGE INCREASE IN PLACEMENTS IS DUE TO THE SEVERE DROUGHT IN THE SOUTHERN PLAINS. BREAKING IT DOWN, THERE WAS A LARGE INCREASE IN LIGHTERWEIGHT CATTLE HITTING FEEDLOTS...CATTLE UNDER 600 POUNDS ARE UP MORE THAN 50%.

ANALYSIS:
RICHARD BROCK

IN THE COUNTRY; POND MANAGEMENT:
WHETHER IT’S FOR FISHING, RELAXING OR A HABITAT FOR WILDLIFE, PONDS CAN BE AN ATTRACTIVE AND FUN PART OF A PROPERTY. BUT LIKE ANYTHING ELSE, ONCE IN A WHILE PONDS REQUIRE A LITTLE ELBOW GREASE. IN TENNESSEE, UT EXTENSION HELPS LANDOWNERS BUILD AND MAINTAIN PONDS. CHUCK DENNEY TAKES US TO A COUPLE OF THESE MINITURE BODIES OF WATER FOR A LOOK AT PERFECTION. THANKS CHUCK. STILL TO COME, THE RISING COST OF FOOD AND A MAJOR FOOD MANUFACTURER RESUMES TURKEY SALES AFTER SALMONELLA SCARE.

FOOD PRICES RISE:
THANKS CHUCK. STILL TO COME, THE RISING COST OF FOOD AND A MAJOR FOOD MANUFACTURER RESUMES TURKEY SALES AFTER A SALMONELLA SCARE. THAT THE LARGEST YEARLY INCREASE SINCE JANUARY OF 2009. BEEF PRICES ARE LEADING THE WAY. COMPARED TO JULY OF 2010, BEEF PRICES ARE UP NEARLY 10%. THE SAME IS TRUE FOR MILK. PORK COSTS HAVE FALLEN SLIGHTLY. AND MEAT PRICES AREN'T DONE. OVERALL MEAT IS EXPECTED TO RISE ANOTHER 6-7% NEXT YEAR.  FRUIT AND VEGETABLE COSTS ARE ALSO UP. ACORRDING TO THE CPI, FOOD INFLATION IS ON TRACK FOR THE THIRD OR FOURTH BIGGEST ANNUAL INCREASE IN THE PAST 20 YEARS.

CARGILL TURKEY:
AND IF POULTRY OF THE TURKEY VARIETY IS PART OF YOUR DIET, CARGILL HAS GOOD NEWS. THE COMPANY IS RESUMING PRODUCTION OF ITS GROUND TURKEY AFTER A NATIONWIDE SALMONELLA OUTBREAK.  THE OUTBREAK WAS LINKED TO A CARGILL PLANT IN ARKANSAS. THE COMPANY VOLUNTARILY RECALLED SOME 36 MILLION POUNDS OF GROUND TURKEY BACK IN EARLY AUGUST. CARGILL SAYS IT'S WORKED CLOSELY WITH FEDERAL AGENCIES TO INVESTIGATE THE FACILITY.  CARGILL HAS SINCE CLEANED THE ENTIRE PLANT AND IMPLEMENTED WHAT IT SAYS IS THE MOST AGGRESSIVE MONITORING SYSTEM IN THE INDUSTRY.

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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