AgDay Daily Recap - January 5, 2011

January 5, 2011 02:56 AM
 

TODAY ON AGDAY:
JANUARY 5, 2011

COTTON FORECAST:
THE COTTON INDUSTRY IS GATHERING THIS WEEK FOR ITS ANNUAL MEETING. MUCH OF THE TALK AT THE BELTWIDE COTTON CONFERENCE MAY CENTER AROUND THE HISTORIC HIGH PRICES WE'VE SEEN SINCE THE FALL. ACCORDING TO A REPORT FROM WWW.AGRIMONEY.COM , COTTON PRICES WILL LIKELY REMAIN VOLATILE DESPITE THE PROSPECT FOR A HUGE INCREASE IN COTTON ACREAGE IN THE U.S. AND OTHER COTTON-GROWING NATIONS. NEW ESTIMATES PREDICT WORLD COTTON PRODUCTION IN 2010, 2011, TO HIT 115 AND HALF MILLION BALES...UP 14% OVER LAST YEAR. THAT INCREASE IS LED BY HIGH PRICES. LAST MONTH, COTTON PRICES HIT $100.59 A POUND. MARCH FUTURES CLOSED TUESDAY JUST BELOW $100.44 A POUND. BEFORE THE START OF THE BELTWIDE COTTON CONFERENCE WE TALKED WITH MARK LANGE. HE'S THE CEO OF THE NATIONAL COTTON COUNCIL. LANGE, PREDICTS SOME NEW COTTON ACRES IN THE SOUTH BUT NOT THE MASSIVE SWING IN PRODUCTION MANY PREDICT.

ACREAGE BATTLE:
AS LANGE POINTED OUT, COTTON ISN'T THE ONLY COMMODITY WITH STRONG PRICES. IF A NEW FARMER SURVEY HOLDS TRUE, THOSE HIGHER PRICES MAY REDUCE THE NUMBER OF ACRES SWITCHING SIDES. ACCORDING TO A SURVEY DONE BY FARM FUTURES, CORN ACRES ARE PREDICTED TO RISE IN 2011 BUT ONLY BY 2%...OR LITTLE MORE THAN ONE AND HALF MILLION ACRES. SOYBEANS ARE PREDICTED TO LOSE ABOUT 300,000 ACRES COMING IN AROUND 77.4 MILLIION ACRES. THE BIG WINNER SO FAR APPEARS TO BE WHEAT. THE FARM FUTURES SURVEY PUTS WINTER WHEAT ACRES 14% HIGHER THAN LAST YEAR. WINTER AND SPRING WHEAT ACREAGE IS EXPECTED TO RISE MORE THAN 5.5 MILLION ACRES OVER LAST YEAR.

HONEY BEE PROBLEMS:
WHILE PRODUCERS STRUGGLE TO DECIDE WHICH CROPS TO PLANT, GETTING THEM POLLINATED MAY BE TOUGHER THAN EVER. A NEW STUDY SHOWS THAT OVER THE PAST 20 YEARS BUMBLE BEE POPULATIONS DROPPED MORE THAN 90%. THE THREE YEAR STUDY SAYS BUMBLE BEES, LIKE THEIR HONEY BEE COUNSINS, HAVE SEEN MASSIVE REDUCTIONS IN NUMBERS. OF THE EIGHT SPECIES D STUDIED...POPULATIONS ARE DOWN 90%. SCIENTISTS ARE LINKING THE CAUSE TO TWO THINGS...A DEADLY PATHOGEN AND A DECLINE IN GENETIC DIVERSITY. IN 2006 HONEY BEES ALSO EXPERIENCED CATASTROPHIC DEATH'S FROM WHAT'S BEEN COINED AS COLONY COLLAPSE DISORDER. DWINDLING NUMBERS OF BEES ARE ALSO REDUCING THE NUMBER OF LARGE BEE KEEPERS TRAVELING THE COUNTRY TO POLLINATE CROPS. BUMBLE BEES USED AROUND THE WORLD TO POLLINATE GREEN HOUSE CROPS HAVE BECOME A MULTI-BILLION DOLLAR INDUSTRY. THE U.S. IS HOME TO ABOUT 50 DIFFERENT SPECIES OF BUMBLE BEE.

CALIFORNIA FARM PESTICIDE:
WHILE BEES ARE BENEFICIAL INSECTS, NOT ALL ARTHROPODS ARE POSITIVE FOR PRODUCTION. WHICH IS WHY MANY FRUIT AND VEGETABLE GROWERS IN CALIFORNIA WERE PLEASED THE STATE APPROVED THE USE OF METHYL IODIDE AS A FUMIGANT PESTICIDE.  HOWEVER A COALITION OF ENVIRONMENTALISTS WERE NOT PLEASED, AND HAVE FILED A LAWSUIT TO STOP ITS USE. THE SUIT ALLEGES STATE REGULATORS CUT OFF PUBLIC COMMENTS IN ORDER TO GET THE CHEMICAL APPROVED BEFORE GOVERNOR SCHWARZENEGGER LEFT OFFICE. ADVOCACY GROUPS SAY THE METHYL IODIDE CAUSES CANCER.  THE DEPARTMENT OF PESTICIDE REGULATION CLAIMS IT FOLLOWED THE RIGHT PROCESS. METHYL IODIDE HAS BEEN APPROVED FOR USE BY EPA SINCE 2007 AND IS REGISTERED IN 47 OTHER STATES. IT'S A REPLACEMENT FOR METHYL BROMIDE WHICH IS BEING PHASED OUT DUE ITS IMPACT ON THE OZONE LAYER.

STATE BY STATE:
AROUND THE COUNTRY AND STATE BY STATE...PRODUCERS IN VIRGINA ARE DOING THEIR PART TO KEEP PLASTIC OUT OF LANDFILLS. THE STATE COLLECTED MORE THAN 66 THOUSAND PLASTIC PESTICIDE CONTAINERS DURING THE 2010 RECYCLING PROGRAM...A LARGE INCREASE OVER PREVIOUS YEARS. IT'S A PROJECT RUN BY THE VIRGINIA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES. SINCE ITS INCEPTION MORE THAN ONE MILLION CONTAINERS HAVE BEEN COLLECTED. IN NEBRASKA TWO TEENS HAVE BEEN ARRESTED AND CHARGED FOR SHOOTING CATTLE. THE OMAHA TEENS ARE ACCUSED OF USING AN AK 47 AND TWO OTHER GUNS ON A HERD OF CATTLE IN CASS COUNTY. THE 18 AND 15 YEAR OLDS ALLEGEDLY KILLED THREE COWS AND INJURED TWO OTHERS.  AND IN IOWA, OFFCIALS AT THE DEPARTMENT OF NATURAL RESOURSES SAY SIX THOUSAND GALLONS OF CORN SYRUP HAVE BEEN SPILLED INTO THE MISSISSIPPI RIVER. IT HAPPENED IN KEOKUK. THE DNR SAYS A WORKER FAILED TO CLOSE A DRAIN VALVE ON A TANK AT A LOCAL CORN PROCESSING PLANT. THE TANK WAS FILLED AND THE LEAK WASNT' DISCOVERED UNTIL THE NEXT MORNING. THE SPILL ISN'T EXPECTED TO HAVE A SIGNIFICANT ENVIRONMENTAL IMPACT.

AGWEB POLL:
THANKS MIKE. NEXT WEDNESDAY, USDA WILL RELEASE A HOST OF NEW REPORTS, INCLUDING THE ANNUAL SUMMARY OF CROP PRODUCTION IN THE U.S. WITH THAT IN MIND, THE FOLKS AT AGWEB ARE WONDERING WHAT YOU EXPECT USDA'S FINAL CORN YIELD WILL BE WHEN IT'S RELEASED ON WEDNESDAY. WILL IT BE UN-CHANGED FROM THE NOVEMBER REPORT SHOWING 154 BUSHELS AN ACRE? WILL IT BE HIGHER? OR WILL IT BE LOWER? GO TO AGWEB, AND CAST YOUR VOTE.
AND HERE ARE THE RESULTS OF LAST WEEK'S POLL, WHICH ASKED WHICH INPUT IS SHOWING THE BIGGEST INCREASE. 64% OF YOU SAID FERTILIZER. ANOTHER 29% SAID CASH RENT. SEED PRICES AND CROP PRODUCTION ROUNDED IT OUT.

ANALYSIS:
ALAN BRUGLER

IN THE COUNTRY; MICHIGAN STATE ICE CREAM:
IF YOU'RE LIKE ME, YOU SPENT LAST WEEKEND WATCHING COLLEGE FOOTBALL. THERE WAS NO SHORTAGE OF TREMENDOUS BOWL GAMES...AND THERE ARE STILL A FEW MORE YET TO BE PLAYED. MICHIGAN STATE SPARTANS CAME UP SHORT IN ITS BATTLE AGAINST ALABAMA AT THE CAPITOL ONE BOWL. BEFORE THE TEAM HEADED OUT TO ITS FINAL GAME, THE MICHIGAN STATE DAIRY STORE UNVEILED A BRAND NEW FLAVOR OF ICE CREAM TO CELEBRATE THE WINNING SEASON. LAURA PROBYN HAS DETAILS IN THIS REPORT FROM MSU.  ACCORDING TO THEIR WEBSITE, THE DAIRY STORE HELPS MEET THE TEACHING, RESEARCH AND OUTREACH NEEDS OF THE UNIVERSITY COMMUNITY AND DAIRY FOOD INDUSTRY. THERE'S AN OBSERVATION DECK THAT ALLOWS VISITORS TO SEE THE PROCESSING FACILITIES AND WATCH A MULTIMEDIA PRESENTATION ABOUT THE DAIRY INDUSTRY. THE MICHIGAN STATE DAIRY STORE IS OPEN SEVEN DAYS A WEEK, BUT IT IS CLOSED DURING UNIVERSITY HOLIDAYS. FOOD AND YOUR FAMILY IS NEXT.

POST CEREAL:
BREAKFEST CONTINUES TO GET HEALTHIER. IN FOOD AND YOUR FAMILY THIS MORNING, POST FOODS SAYS ITS REDUCING THE AMOUNT OF SUGAR IN TWO OF ITS MOST POPULAR CERALS...FRUITY PEBBLES AND COCOA PEBBLES. SUGAR IN THOSE CEREALS WILL BE REDUCED FROM 11 GRAMS PER SERVING TO 9. POST ISN'T ALONE. BOTH KELLOGGS AND GENERAL MILLS ARE PLEDGING SIMILAR REDUCTIONS.

BABY FORMULA:
AND A NEW STUDY IN THE JOURNAL OF PEDIATRICS SAYS THE TYPE OF FORMULA MOTHERS FEED THEIR BABY CAN HAVE LASTING IMPACTS ON HEALTH. THE STUDY FOUND THAT FORMULAS CONTAINING THE PROTEIN HYDROLISATE LED TO HEALTHIER WEIGHT GAIN IN BABIES THAN FORMULAS WITH COW'S MILK BASE. PROTEIN HYDROLISATE FORMULAS CONTAIN PRE-DIGESTED PROTEINS...AND RESEARCHERS BELIEVE IT HELPS BABIES KNOW THEY'RE FULL...LEADING TO SMALLER MEALS AND FEWER CALORIES. RAPID GROWTH IN BABIES DURING THE FIRST YEAR INCREASES THE RISK FOR OBESITY, METABOLIC SYNDROME AND CARDIOVASULAR DISEASE LATER IN LIFE.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .
 

 

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