AgDay Daily Recap - January 4, 2011

January 4, 2011 06:07 AM
 

TODAY ON AGDAY:
JANUARY 4, 2011

FOOD SAFETY:
GOOD MORNING. THE PRESIDENT IS EXPECTED TO SIGN THE FOOD SAFETY BILL INTO LAW TODAY. THE BILL WHICH PASSED DURNING THE LAME DUCK SESSION OF CONGRESS GARNERED SUPPORT FROM BOTH DEMOCRATS AND REPUBLICANS. ONCE SIGNED THE TASK TURNS TO FUNDING...FINDING MORE THAN ONE BILLION DOLLARS IN THE FIRST FIVE YEARS IMPLEMENT THE LEGISLATION. THE NEW LAW GIVES THE FDA AUTHORITY TO ENFORCE STRICTER STANDARDS FROM FOOD PROVIDERS...MOVING THE AGENCY FROM A DETECTIVE ROLE INTO THE FIELD OF PREVENTION. IT'S EXPECTED TO REQUIRE FOOD MAKERS TO DEVELOP AND SUBMIT FOOD SAFETY PLANS, ENFORCE NEW PRODUCE SAFETY STANDARDS, AND REQUIRE IMPORTERS TO VERIFY FOREIGN SUPPLIERS ARE COMPLYING WITH U.S. FOOD SAFETY STANDARDS. THE CONGRESSIONAL BUDGET OFFICE SAYS IMPLEMENTING THE ENTIRE BILL WILL COST 1.4 BILLION DOLLARS OVER THE NEXT FIVE YEARS. . .MONEY THAT MUST BE APPROPRIATED FROM WHAT'S EXPECTED TO BE A NEW STINGY CONGRESS.

SMALL BIZ:
THE 2011 ECONOMY STARTED THE YEAR WITH A BANG. THE DOW CLIMBED NEARLY 100 POINTS TO FINISH JUST BELOW 11,700...A TWO YEAR HIGH. ECONOMISTS AND MARKET ANALYSISTS POINT TO RENEWED HOPE ON THE JOBS FRONT. BE IT IN AGRICULTURE OR ON MAINSTREET, MANY OF THE NEW JOBS IN 2011 MAY COME FROM PEOPLE STARTING THEIR OWN BUSINESSES. KENT FADDIS WITH THE UNIVERSITY OF MISSOURI EXTENSION SHOWS US HOW BUSINESS COUNSELORS ARE LENDING A HELPING HAND TO THOSE OPENING NEW DOORS.

AUSSIE FLOOD:
THANKS KENT. WHILE THE STOCK MARKET LEPT INTO THE NEW YEAR, WHEAT PRICES WEREN'T FAR BEHIND. CONTRACTS FOR THE SMALL GRAIN STANDARD ALSO NEARED TWO YEAR HIGHS...UP ELEVEN CENTS ON THE CHICAGO BOARD'S MARCH CONTRACT TO $8.05. FLOATING THOSE PRICES SKYWARD ARE HEAVY RAINS AND FLOODING IN AUSTRALIA. DESCRIBED BY MANY AS A FLOOD OF BIBLICAL PROPORTIONS, THE DAMAGE IS CONCENTRATED IN THE STATE OF QUEENSLAND. AN AREA THE SIZE OF FRANCE AND GERMANY COMBINED COULD REMAIN UNDERWATER FOR WEEKS. WHILE IT’S NOT THE LARGEST CROP PRODUCING REGION IT IS IMPORTANT FOR SHIPPING. MUCH OF THE CHALLENGE WILL BE WITH INFRASTRUCTURE AND LOGISTICS. ALSO, HEAVY RAINS IN LATE 2010, ALONG THE MAJOR WHEAT PRODUCING AREAS HAS ANALYSTS EXPECTING A DOWN GRADE IN AUSTRAILIAN WHEAT QUALITY...FROM MILLING GRADE TO MOSTLY FEED GRADE.

SOUTH AM CROPS:
AND IN SOUTH AMERICA, WEATHER CONTINUES TO PLAGUE AREA GROWERS. HEAT IS THREATENING CORN AND SOYBEAN CROPS IN SOUTHERN BRAZIL AND URUGUAY. IN ARGENTINA THOSE CROPS HAVE ONLY SEEN A QUARTER OF THE RAINFALL NEEDED AT THIS POINT IN THE GROWING SEASON. THAT HAS ANALYISTS DOWN-GRADING EXPECTATIONS FOR THOSE CROPS. DROUGHT AND LA NINA WEATHER PATTERNS ARE EXPECTED TO CONTINUE TIGHTENING GLOBAL GRAIN SUPPLIES.

STATE BY STATE:
IN TODAY'S STATE BY STATE HEADLINES, WE START ON THE WEST COAST IN WASHINGTON. RESEARCHERS AT WASHINGTON STATE UNIVERISTY HAVE FOUND A NEW TOOL TO MEASURE THE CRISPNESS OF AN APPLE.  CRISPNESS IS OFTEN RATED AS THE MOST IMPORTANT ATTRIBUTE OF QUALITY BY CONSUMERS. THE TOOL CALLED THE MOHR MDT 1 PENETROMETER COULD HELP ELIMINATE SOME OF THE EXPENSIVE TASTE-TESTING NEEDED FOR THE DEVELOPMENT OF NEW VARIETIES.  IN OHIO, THE STATES' CORN GROWERS AND WHEAT GROWERS GROUPS HAVE TAKEN STEPS TO UNITE UNDER ONE UMBRELLA. THE GROUP SAYS IT CAN BETTER REPRESENT THE INTERESTS OF THOUSANDS OF GRAIN FARMERS AS ONE ORGANIZATION. THE OHIO CORN-AND- WHEAT GROWERS ASSOCIATION SAYS IT HAS POSITIONED ITSELF FOR THE REGULATION AND ADVANCEMENT OF DOMESTIC AND INTERNATIONAL ISSUES THAT AFFECT THE SUCCESS OF OHIO'S FARMERS. OFFICERS HAVE BEEN ELECTED FROM THE COMBINED GROUP FOR A TERM OF ONE YEAR.
AND IN CALIFORNIA, MARKET ANALYSTS ARE PREDICTING HIGHER ALFALFA HAY PRICES IN 2011. NEW CROP SUPREME HAY IS SELLING BETWEEN 200 AND 220 DOLLARS A TON. ANALYST SETH HOYT IS PREDICTING UP TO 5% FEWER ALFALFA ACRES IN CALIFORNIA THIS YEAR... DOWN NEARLY 900,000 ACRES STATEWIDE. HE ALSO EXPECTS FEWER SILAGE ACRES TO BE PLANTED IN 2011.

HAY PRICES:
NATIONWIDE HAY PRICES AVERAGED A DOLLAR HIGHER IN DECEMBER--CHECKING IN AROUND 112 DOLLARS PER TON. THAT PUTS PRICES ABOVE THE TEN MONTH AVERAGE BUT WELL BELOW THE TWO YEAR MARK. BY STATE, PRICES IMPROVED THE MOST IN IDAHO WHERE A TON OF HAY WILL NOW RUN 139 DOLLARS. WISCONSIN SAW THE BIGGEST DROP FALLING TEN DOLLARS TO 92. OVERALL, PRICES AVERAGED THE HIGHEST IN NEW MEXICO AND THE LOWEST IN NORTH DAKOTA...162 PER TON VERSUS 59.

CORN COLLEGE:
IN AGRIBUSINESS...IF YOU'RE HEADED TO AG-CONNECT EXPO LATER THIS WEEK IN ATLANTA, DON'T FORGET ABOUT THE SPECIAL EDITION OF FARM JOURNAL'S CORN COLLEGE. FOR THE FIRST TIME, THE POPULAR AGRONOMICS CLASS IS BEING HELD OUTSIDE THE CORN BELT. FIRST STARTED FOUR YEARS AGO, CORN COLLEGE IS A SPECIAL CLASS LED BY FARM JOURNAL FIELD AGRONOMISTS. IT OFFERS HANDS-ON TRAINING ON HOW TO IMPROVE YOUR BOTTOM LINE, BY LEARNING NEW TECHNIQUES TO BE USED IN THE FIELD. OUR EXPERTS HAVE CREATED A CUSTOMIZED CURRICULUM FOR THE SOUTHERN FARMER. CORN COLLEGE FOR THE SOUTH TAKES PLACE ON JANUARY 7TH AND 8TH IN ATLANTA, GEORGIA IN CONJUNCTION WITH AG-CONNECT EXPO. WE'LL PUT A LINK ON OUR HOMEPAGE.

ANALYSIS:
MARK GOLD

HAYLOFT THEATRE:
THE COWS WON'T BE COMING HOME TO "THE HAYLOFT" ANYTIME SOON. BUT PEOPLE LOOKING FOR A GOOD LAUGH ARE FILLING-UP THE MILKING PARLOR, QUITE NICELY. THE HAYLOFT IS AN OLD NORTH DAKOTA DAIRY BARN. BUT NOW IT HAS A NEW USE. CLIFF NAYLOR FROM AFFILIATE KFYR-TV TAKES US IN THE COUNTRY FOR A LITTLE DOWN-HOME HUMOR.  AS YOU'RE WATCHING THIS SHOW, YOU MAY BE ENJOYING A CUP OF COFFEE. WE ALL NEED A LITTLE CAFFEINE BOOST. BUT YOU MAY BE SURPRISED HOW MUCH CAFFEINE KIDS ARE GETTING! DETAILS NEXT IN FOOD AND YOUR FAMILY.

CAFFEINE KIDS:
IT MAY TAKE ADULTS A CUP OF COFFEE TO GET GOING IN THE MORNING BUT THEY'RE NOT ONLY ONE'S ON A CAFFINE HIGH. IN TODAY'S FOOD AND YOUR FAMILY NEW RESEARCH OUT OF NEBRASKA FINDS THAT THREE-QUARTERS OF AMERICAN CHILDREN AGES 5 TO 12 CONSUMED CAFFEINE ON A DAILY BASIS. THE DOCTORS SURVEYED PARENTS OF MORE THAN 200 KIDS. SOME CHILDREN AS YOUNG AS FIVE WERE CONSUMING THE EQUIVALENT OF A CAN OF SODA PER DAY...SOME OLDER KIDS...THREE CANS. CAFFEINE CAN IMPACT THE QUALITY OF A CHILD'S SLEEP...AND MANY HAVE LINKED IT TO BEDWETTING. RESEARCHERS SAY THIS SURVEY SHOWS CHILDREN WERE NOT MORE LIKELY TO WET THE BED IF THEY CONSUMED CAFFEINE.

PRIVATE LABEL PRODUCE:
A NEW TREND IN PRODUCE AT THE SUPER-MARKET MAY LEAD TO LOWER PRICES ONE DAY. PRIVATE LABEL OR STORE LABEL PRODUCE IS GAINING POPULARITY AROUND THE COUNTRY. THE STORE NAMED FRUITS AND VEGETABLES ALLOW MANAGERS TO SEEK OUT BIDDERS AND TAKE THE LOWEST COST HIGHEST QUALITY....ALL WHILE THE CONSUMER NEVER SEES A CHANGE. SALES OF PRIVATE-LABEL PRODUCE ROSE 10% LAST YEAR ACCOUNTING FOR NEARLY 3 BILLION DOLLARS IN SALES. SUPER-MARKET CHAINS LIKE ALBERSTON'S SAFEWAY AND KROGER PLAN TO INCLUDE MORE SELF-NAMED PRODUCE IN THE FUTURE.

CONTACT PAGE:
WE'RE ALSO EASY TO GET A HOLD OF. CALL US AT 800-792-4329. OR SEND AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO FIND US AND COMMENT ON STORIES AT WWW.FACEBOOK.COM/AGDAY .
 

 

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