AgDay Daily Recap - February 3, 2011

February 3, 2011 04:47 AM
 

TODAY ON AGDAY:
FEBRUARY 3, 2011

CATTLEMEN’S CONVENTION:
DESPITE THE MASSIVE WINTER STORM THAT CHARGED ACROSS THE COUNTRY THE PAST TWO DAYS, THE NATION'S CATTLE INDUSTRY IS GATHERING THE ANNUAL CATTLE CONVENTION AND NCBA TRADE SHOW.  THIS YEAR'S MEETING IS BEING HELD IN DENVER, COLORADO. OF COURSE, DENVER PLAYS A KEY ROLE IN THE LIVESTOCK INDUSTRY, AS IT HAS FOR GENERATIONS. THAT'S WHERE THE NATIONAL WESTERN STOCK SHOW HAS BEEN HELD FOR MORE THAN A CENTURY. THIS IMPORTANT TRADE SHOW IS MEETING PLACE FOR MANY STAKE-HOLDERS IN THE CATTLE INDUSTRY. LAST YEAR THE MEETING WAS HELD IN SAN ANTONIO, TEXAS AND ATTRACTED ABOUT 5,000 PEOPLE. PRODUCERS, MARKETERS, AND KEY TRADE GROUPS ARE THERE TO SEE THE LATEST TRENDS AND TECHNOLOGY. THE BEEF CHECKOFF BOARD WILL ALSO HOLD ITS ANNUAL MEETING TO DISCUSS POLICY PRIORITIES FOR THE COMING YEAR. AGDAY'S CLINTON GRIFFITHS IS AT THE SHOW. AFTER DEALING WITH SOME TRICKY WEATHER, HE MADE IT TO DENVER.

SPECIAL ED PROMO:
THANKS CLINTON. WHILE IN DENVER, CLINTON WILL BE TALKING WITH SOME OF THE KEY PLAYERS IN THE CATTLE INDUSTRY. NEXT FRIDAY, FEBRUARY 11TH, WE'LL HAVE A SPECIAL EDITION OF AGDAY. THE SHOW WILL TAKE A CLOSER LOOK AT THE CHALLENGES AND OPPORTUNITIES FACING PRODUCERS.

OKLAHOMA SNOW:
SPEAKING OF CHALLENGES, LIVESTOCK PRODUCERS FROM THE PLAINS TO THE MIDWEST ARE DEALING WITH HEAVY SNOW, HIGH WINDS AND COLD TEMPERATURES. THE EXTREME COLD CAN PUT STRESS ON LIVESTOCK. VIDEOGRAPHER DAVE DEKEN BRAVED THE FIERCE STORM NEAR STILLWATER, OKLAHOMA TO SHOOT THIS FOOTAGE FOR US. THE NATIONAL WEATHER SERVICE SAYS TUESDAY'S SNOWSTORM SET NEW SNOWFALL RECORDS IN CENTRAL AND NORTHEASTERN OKLAHOMA FOR A 24 HOUR PERIOD. TOTALS RANGED FROM 11 INCHES TO 21 INCHES, WITH 14 INCHES FALLING AT TULSA AIRPORT.

DAIRY EGYPT:
THE PROTESTS IN EGYPT HAVE IMPACTED GLOBAL MARKETS, INCLUDING SOME OF THOSE TIED TO AGRICULTURE. ONE IN PARTICULAR IS CHEESE EXPORTS. OUR REPORTING PARTNERS AT DAIRY TODAY SAY A POLITICAL DISRUPTION OF MARKETS GENERALLY MEAN THOSE MARKETS WILL STOP BUYING OUT OF FEAR THAT DISTRIBUTION TO STORES WILL BE STOPPED. THERE'S ALSO CONCERN THE PRODUCT WOULD BE CONFISCATED BY NEW POLITICAL POWER BROKERS. ACCORDING TO THE U.S. DAIRY EXPORT CORPORATION, EGYPT HAS BEEN A BUYER OF CHEESE FOR YEARS. THE GROUP SAYS IT'S A VERY GOOD MARKET FOR U.S. DAIRY PRODUCERS. SPOKESMAN TOM SUBER SAYS EGYPT IMPORTED 99 MILLION DOLLARS WORTH OF U.S. DAIRY PRODUCTS DURING 2010. THE MIDDLE EAST AND NORTH AFRICA - WHICH INCLUDES EGYPT AND TUNISIA - HAVE IMPORTED 319 MILLION WORTH OF U.S. DAIRY PRODUCTS. OVERALL THE REGION ACCOUNTS FOR ABOUT 9% OF U.S. DAIRY EXPORTS. SUBER SAYS DISRUPTION OF THE EGYPTIAN MARKET WILL ALSO CAUSE SOME PROBLEMS FOR EUROPEAN DAIRY EXPORTERS AS WELL, WHO HAVE LONG SOLD PRODUCT INTO THE NORTH AFRICAN NATION.

POTASH:
IN AGRIBUSINESS...POTASH-CORP ANNOUNCED THAT IT WILL RE-OPEN ITS ANHYDROUS AMMONIA PLANT IN GEISMAR, LOUISIANA. THE COMPANY SAYS IT'LL TAKE 18 MONTHS TO GET THE FACILITY OPERATIONAL. THE PLANT WAS IDLED N 2003 DUE TO HIGH NATURAL GAS PRICES. SINCE THEN THE COMPANY HAS USED IMPORTED AMMONIA TO MAKE OTHER PRODUCTS AT THE SAME FACILITY. POTASH SAYS IT WILL INVEST 158 MILLION DOLLARS TO BRING THE ANHYDROUS FACILITY BACK UP.

PEANUT SHOW:
IN AGRIBUSINESS WE FOCUS A LOT OF ATTENTION ON THE FUTURES MARKETS FOR CORN, SOYBEANS AND WHEAT. BUT THIS MORNING WE'LL PUT SOME ATTENTION ON PEANUTS. PERHAPS YOU DIDN'T KNOW THIS, BUT THERE IS NO FUTURES MARKET FOR PEANUTS. INSTEAD, GROWERS RELY ON A MARKET LOAN ASSISTANCE PROGRAM THROUGH THE GOVERNMENT. RECENTLY, I ATTENDED THE GEORGIA PEANUT FARM SHOW IN ALBANY WHERE WE DISCUSSED THE CURRENT PRICES, WHICH IS ABOUT $550 A TON. I TALKED WITH TYRON SPEARMAN FROM THE AMERICAN PEANUT COUNCIL ABOUT THE LOAN ASSISTANCE PROGRAM.

ANALYSIS:
TYRON SPEARMAN

IN THE COUNTRY; DAKOTA PHEASANT:
THIS MORNING, WE'RE HEADED OUTDOORS ON THE FARM WITH PRO FARMER EDITOR CHIP FLORY. FOR YEARS, CHIP HAS SHOWED-US HOW FARMERS ARE USING THEIR LAND BEYOND CROP PRODUCTION. LAST FALL, CHIP AND HIS BUDDIES TRAVELED TO SOUTH DAKOTA WHERE PHEASANT HUNTING CAN BE A BIG MONEY MAKER FOR LAND-OWNERS.  LATER THIS MONTH, CHIP WILL JOIN US AGAIN AS WE TAKE A LOOK AT HOW SPORTSMEN ARE TRYING TO GET TEENAGERS INTERESTED IN HUNTING. STILL TO COME, FOOD AND YOUR FAMILY LOOKS AT THE LATEST LEGISLATIVE BATTLE OVER GENETICALLY MODIFIED FOODS.

GE SALMON:
IN FOOD AND YOUR FAMILY, ALASKA'S TWO SENATORS ARE TAKING A BI-PARTISAN STAND AGAINST GENETICALLY ENGINEERED SALMON. THE SENATORS RE-INTRODUCED A BILL THIS WEEK THAT WOULD BAN GE SALMON. AS YOU MAY KNOW, THE FOOD AND DRUG ADMINISTRATION IS CONSIDERING A REQUEST TO ALLOW THE BIO-TECH FISH. THE ALASKA LAWMAKERS SAY GE FISH COULD SEVERLY DAMAGE THE ALASKA SALMON MARKET. RECENTLY RE-ELECTED SENATOR LISA MURKOWSKI SAYS IT'S "COMPLETELY IRRESPONSIBLE" FOR THE AGENCY TO CONSIDER THE FISH WITHOUT FIRST CONSIDERING THE IMPACTS TO ALASKA'S WILD SALMON FISHERIES. A MASSACHUSETTS BASED COMPANY DEVELOPED A MODIFIED FISH. THEY TOOK GENES FROM CHINOOK SALMON AND INSERTED IT INTO ATLANTIC SALMON. THE COMPANY - CALLED AQUA-BOUNTY TECHNOLOGIES - SAYS THEIR FISH GROW TWICE AS FAST AS THE TYPICAL SALMON. AND THEY CLAIM IT TAKES 10% LESS FEED TO REACH THE SAME WEIGHT. GENETICALLY MODIFIED CROPS HAVE BEEN IN THE NEWS LATELY WITH USDA DECIDING IN FAVOR OF ROUND-UP READY ALFALFA. WE'D LIKE TO HEAR YOUR OPINION ABOUT THE GE SALMON. SHOULD FDA ALLOW THE MARKETING OF THE BIOTECH FISH? SEND US YOUR COMMENTS TO THE AGDAY INBOX. THAT ADDRESS IS INBOX@AGDAY.COM . WE MAY USE SOME OF YOUR COMMENTS ON THE SHOW.

 

 

 

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