AgDay Daily Recap - February 7, 2011

February 7, 2011 02:33 AM
 

TODAY ON AGDAY:
FEBRUARY 7, 2011

RR SUGARBEETS:
FOR THE SECOND TIME IN ABOUT A WEEK, THE USDA HAS APPROVED THE USE OF ROUND-UP READY TECHNOLOGY. THIS TIME, IT'S IN FAVOR OF GENETICALLY MODIFIED SUGARBEETS. LATE LAST MONTH, USDA GAVE THE GO AHEAD FOR THE PLANTING OF ROUND-UP READY ALFALFA. PRO FARMER'S ROGER BERNARD EXPLAINS MORE ABOUT THE DECISION. ROGER SAYS THE ISSUE IT NOT OVER YET. A FEDERAL COURT DECISION IS STILL PENDING.

COTTON ACREAGE:
IN OTHER NEWS, COTTON PRICES RETREATED A BIT ON FRIDAY, CLOSING DOWN FOUR CENTS. THE MARKET AND COTTON GROWERS ARE CLOSELY WATCHING THE COTTON SOWINGS REPORT FROM THE NATIONAL COTTON COUNCIL. THE RESULTS OF NCC'S SURVEY WERE RELEASED OVER THE WEEKEND. WHEN THE MARKET OPENS THIS MORNING, WE'LL SEE HOW TRADERS REACT. LAST MONTH, INFORMA ECONOMICS RELEASED ITS COTTON ACREAGE FORECAST. THEIR ANALYSTS EXPECT AS MUCH AS TWO-AND-A-HALF MILLION ACRES OF ADDITIONAL COTTON WILL BE SEEDED THIS SPRING.

RICE TRADE:
MEANWHILE, RICE FUTURES REACHED A 27 MONTH HIGH LAST WEEK ON SPECULATION THAT U.S. FARMERS WILL PLANT FEWER ACRES ON RICE AND CHASE THE PRICE GAINS OF OTHER COMMODITIES, LIKE COTTON. ACCORDING TO BLOOMBERG NEWS, U.S. RICE ACRES MAY DROP 25% FROM LAST YEAR. MEANWHILE, LEADERS FROM THE U.S. RICE INDUSTRY MET WITH THEIR COUNTERPARTS FROM COLOMBIA LAST WEEK. THE USA RICE FEDERATION MET WITH MILLER AND PRODUCER GROUPS. THEY DISCUSSED THE PROSPECTS FOR MARKET ACCESS ONCE THE U.S. COLOMBIA FREE TRADE AGREEMENT IS APPROVED BY CONGRESS. ACCORDING TO THE FEDERATION, COLOMBIA HAS PROHIBITED THE IMPORT OF U.S. ROUGH RICE FOR MORE THAN A YEAR. COLOMBIA ALSO RESTRICTS IMPORTS OF U.S. MILLED RICE.

CATTLEMEN’S:
AFTER A THREE DAY RUN IN DENVER, COLORADO, THE 2011 CATTLE INDUSTRY CONVENTION IS NOW IN THE BOOKS. DURING THE CONVENTION, BEEF INDUSTRY ECONOMISTS REPORTED ON THE 2011 OUTLOOK. AN ECONOMIST FROM CATTLE-FAX SAYS GLOBAL BEEF DEMAND IS INCREASING, RIGHT ALONGSIDE WITH TIGHTER GLOBAL SUPPLIES. BRETT STUART FROM CATTLE FAX SAYS 2011 WILL BE THE FOURTH CONSECUTIVE YEAR OF GLOBAL BEEF PRODUCTION DECLINES...AND HE EXPECTS THE MARKET WILL NOT QUICKLY CORRECT ITSELF. CLINTON GRIFFITHS IS ON ASSIGNMENT IN COLORADO.

WEATHER ASSISTANCE:
IN AGRIBUSINESS, USDA IS REMINDING LIVESTOCK PRODUCERS THAT FEDERAL ASSISTANCE MAY BE AVAILABLE TO COMPENSATE FOR WEATHER-RELATED DEATH AND OTHER LOSSES. FSA ADMINISTRATOR JONATHON COPPES SAYS PRODUCERS NEED TO DOCUMENT THE NUMBER AND KIND OF LIVESTOCK THAT HAVE DIED AS A DIRECT RESULT OF THE WINTER STORMS AND MAKE CONTACT WITH HEIR LOCAL FARM SERVICE AGENCY COPPESS SAYS THERE MAY BE SITUATIONS WHERE PRODUCERS ARE TRANSPORTING FEED TO THEIR LIVESTOCK. HE SAYS PRODUCERS SHOULD DOCUMENT THESE ADDITIONAL COSTS.

ANALYSIS:
BRIAN BASTING

IN THE COUNTRY; BALD EAGLES:
AFTER THE BIG STORM MOVED ACROSS THE COUNTRY, IT BROUGHT A LOT OF SNOW AND BITTER COLD TEMPERATURES. AND WHILE THE MISSISSIPPI RIVER IN THE UPPER MIDWEST MAY NOT BE AN IDEAL TRAVEL SPOT IN WEATHER LIKE THAT, IT'S THE PERFECT TIME TO SEE AMERICAN BALD EAGLES. THE MAJESTIC BIRDS ARE LOOKING FOR FOOD NEAR THE OPEN WATER AROUND A LOCK AND DAM. IN THIS REPORT FROM THE IOWA DNR, JOE WILKINSON TELLS US ABOUT THE RE-BOUNDING POPULATION OF OUR NATION'S SOARING SYMBOL. IT'S COMMONLY USED, BUT A STRESS TEST MAY NOT BE THE BEST TEST TO FIND HEART PROBLEMS...ESPECIALLY IN WOMEN. FIND OUT WHY - IN AG FOR YOUR HEALTH.

HEART STRESS TEST:
IF YOU'RE HEADED TO THE GYM FOR THE FIRST TIME - IN A LONG TIME - IT MIGHT BE A GOOD IDEA TO CHECK WITH YOUR DOCTOR FIRST. HE OR SHE CAN DETERMINE IF YOU'RE HEALTHY ENOUGH FOR EXERCISE. IF THE EXAM INCLUDES A STRESS TEST, YOU SHOULD PAY CLOSE ATTENTION, ESPECIALLY IF YOU'RE A WOMAN. CLARK POWELL TELLS US WHY, IN THIS REPORT FROM OHIO STATE UNIVERSITY MEDICAL CENTER. THE DOCTOR IS IN THE PROCESS OF WRITING NEW STRESS GUIDELINES SPECIFICALLY FOR WOMEN. THOSE GUIDELINES SHOULD BE COMPLETE IN THE COMING YEAR.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4-29. OR DROP AN EMAIL TO INBOX@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON FACEBOOK. CLINTON'S ALWAYS CHECKING THAT THING OUT!
 

 

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