AgDay Daily Recap - July 12, 2011

July 12, 2011 09:52 AM
 

TODAY ON AGDAY:
JULY 12, 2011

WASDE REPORT:
GOOD MORNING. WHEN THE MARKET OPENS, THE TRADE WILL BE RESPONDING TO THE LATEST USDA REPORTS THAT FOCUS ON WHEAT PRODUCTION AND THE SUPPLY-DEMAND FIGURES. THOSE REPORTS COME OUT AT 8:30 EASTERN TIME. MARKET ANALYSTS ARE PREDICTING THE REPORTS WILL BE LESS TUMLTUOUS THAN THE JUNE 30TH QUARTERLY STOCKS AND PLANTED ACREAGE REPORTS. IN PRE-REPORT FORECASTS, ANALYSTS EXPECT OLD-CROP CORN STOCKS TO RISE BY 175 MILLION BUSHELS. THAT INCREASE IS BASED ON LOWER EXPORT AND FEED DEMAND ON CORN. A SLIGHT INCREASE OF ENDING STOCKS OF SOYBEANS IS ALSO EXPECTED. AS FAR AS "NEW CROP" NUMBERS, IT MAY BE HARD TO JUDGE. USDA ANNOUNCED IT WILL BE RE-SURVEYING PRODUCERS IN THE DAKOTAS, MINNESOTA AND MONTANA DUE TO PLANTING CHALLENGES THIS SPRING. AS IT IS, CORN ENDING STOCKS FOR THE 2011-12 YEAR ARE EXPECTED TO APPROACH A BILLION BUSHELS.

CROP PROGRESS:
ALSO THIS MORNING, USDA WILL RELEASE ITS FIRST SURVEY-BASED ALL-WHEAT ESTIMATES THIS MORNING. THOSE REPORTS CAN BE FOUND IMMEDIATELY AFTER THEIR RELEASE ON www.agweb.com. LATE YESTERDAY, USDA HAD ITS WEEKLY CROP PROGRESS REPORT. THIS IS WHAT SOME OF THE CONDITIONS IN NORTHERN MARYLAND LOOK LIKE AS OF LAST FRIDAY. THESE FIELDS ARE OWNED BY THE DELL FAMILY OF WESTMINSTER, MARYLAND. THE DELLS ARE ONE OF THE FARM JOURNAL LEGACY PROJECT CASE STUDIES. THEY SAY IT'S BEEN VERY DRY LATELY. THEIR CORN IS NOT QUITE READY TO TASSEL. NATIONWIDE, 14% OF THE CORN CROP REACHED SILKING STAGE. THAT'S 12 POINTS BEHIND THE FIVE YEAR AVERAGE. THE BIG "EYE" STATES SHOWED 10-20 POINT GAINS FROM LAST WEEK. MISSOURI HAD A 27 POINT JUMP FROM LAST WEEK.  SOYBEANS – 21% HAVE REACHED THE BLOOMING STAGE. LIKE CORN, THE CROP IS ABOUT 12 POINTS BEHIND AVERAGE. OTHER THAN NORTH CAROLINA, THE OTHER 17 STATES WHICH MAKE-UP THIS REPORT ARE BEHIND IN DEVELOPMENT. NOW TO THE WINTER WHEAT HARVEST. . . IT SITS AT 63%, WHICH IS RIGHT ON PACE. IN KANSAS, HARVEST IS NEARING COMPLETION AT 93%. IN THE PACIFIC NORTHWEST, HARVEST IS NORMALLY JUST GETTING UNDERWAY, BUT THERE'S BEEN NO HARVESTERS MOVING IN IDAHO, OREGON AND WASHINGTON. IN THE COTTON BELT, 20% OF THE CROP IS SETTING BOLLS, JUST THREE POINTS BEHIND THE AVERAGE PACE. 60% OF THE CROP IS SQUARING. CONDITION-WISE, THE CROP CONTINUES TO STRUGGLE. 30% IS CALLED FAIR. 28% IS GOOD TO EXCELLENT.

DAIRY TODAY; FEED COSTS:
IN OUR DAIRY TODAY REPORT, THE RECENT BREAK IN COMMODITY PRICES HAS PRODUCERS THINKING ABOUT BUYING FEED. CORN PRICES HAVE FALLEN MORE THAN A DOLLAR OFF OF JUNE HIGHS. HIGH COMMODITY PRICES FOR FEED HAVE NARROWED MARGINS ACROSS THE INDUSTRY. LUCKILY MILK PRICES ARE HELPING EASE THE BURDEN. BUT IN SOME REGIONS, LIKE SOUTHWEST KANSAS, PRODUCERS ARE REPORTING HAY PRICES DOUBLE WHAT THEY WERE A YEAR AGO DUE TO DROUGHT. AND IN PORTALES NEW MEXICO, THE LOCAL NEWS PAPER SAYS DAIRIES ARE PAYING NEAR 300 DOLLARS PER TON. MARKET ANALYSTS SAY WITH THE DIP IN COMMODITY PRICES, NOW'S THE TIME TO STARTING THINKING ABOUT STOCKING UP.

DAIRY TODAY; DIGESTIVE MICROBES:
I'LL TALK SOYBEANS WITH GREG COMING UP IN ANALYSIS. IN OTHER DAIRY NEWS... A FAMILIAR ANIMAL "DOWN UNDER" COULD ONE DAY HELP U-S DAIRY PRODUCERS CONTROL GAS ODOR FROM THEIR HERD. RESEARCHERS FROM OHIO STATE SAY A BACTERIA FOUND IN THE GUT OF AN AUSTRALIAN "TAMMAR" WALLABY HELPS CONTROL THE ANIMAL'S METHANE EMISSIONS. WALLABIES AND OTHER MARSUPIALS ARE DEPENDENT ON MICROBES TO SUPPORT THEIR DIGESTIVE SYSTEM, LIKE COWS AND SHEEP. BUT TAMMAR WALLABIES ARE KNOWN TO RELEASE ABOUT 80% LESS METHANE GAS PER UNIT OF DIGESTIBLE ENERGY INTAKE THAN DO LIVESTOCK ANIMALS. SCIENTISTS WERE ABLE TO ISOLATE AND GROW CULTURES OF A DOMINANT BACTERIAL SPECIES FROM THE TAMMAR WALLABY GUT AND TEST ITS CHARACTERISTICS. THE ANALYSIS CONFIRMED THAT THIS BACTERIUM WOULD CONTRIBUTE TO A DIGESTION PROCESS THAT PRODUCES LOW LEVELS OF METHANE. AT THE SAME TIME, THE SCIENTISTS HOPE TO IMPROVE NUTRIENT RETENTION IN LIVESTOCK.

INNOVATIVE DAIRY FARMER:
ALSO FROM OUR PARTNERS AT DAIRY TODAY... NOMINATIONS ARE NOW BEING ACCEPTED FOR THE 2012 INNOVATIVE DAIRY FARMER OF THE YEAR. SPONSORED BY THE INTERNATIONAL DAIRY FOODS ASSOCIATION AND DAIRY TODAY, THE ANNUAL AWARD SHOWCASES SOME OF THE MOST CREATIVE AND EFFICIENT PRODUCERS IN THE COUNTRY. THE 2011 WINNER WAS LUKE BRUBAKER OF MOUNT JOY, PENNSYLVANIA. YOU MAY REMEMBER HIS STORY WE SHOWED YOU LAST JANUARY. BRUBAKER'S OPERATION USES A METHANE DIGESTER TO HANDLE ANIMAL WASTE ON HIS TWO-THOUSAND HEAD HERD. BUT HE ALSO GETS FOOD SCRAPS FROM A LOCAL COLLEGE TO ADD TO THE DIGESTER, WHICH CREATES ENERGY. IT'S INNOVATIVE THINKING LIKE THAT, WHICH PROMPTED THE PANEL OF JUDGES TO AWARD BRUBAKER THE TITLE. THEY'RE LOOKING FOR DAIRY FARMERS WHO IMPROVE ON-FARM EFFICIENCY THRU PROGRESSIVE MANAGEMENT PRACTICES AND PRODUCTION TECHNOLOGIES. AND DON'T FORGET, FOR THE VERY LATEST NEWS AFFECTING THE DAIRY INDUSTRY, INCLUDING PRODUCTION AND POLICY ISSUES, CHECK OUT WWW.DAIRYTODAY.COM.

CHINA HOGS:
IN AGRIBUSINESS, TALK OF CHINA MAKING A MAJOR PURCHASE OF U.S. PORK SENT MARKETS SOARING ON MONDAY. AUGUST FUTURES PRICES AT THE CHICAGO BOARD OF TRADE JUMPED THE LIMIT--THREE DOLLARS PER HUNDREDWEIGHT TO JUST OVER 99 DOLLARS. THAT'S ELEVEN DOLLARS HIGHER THAN IT WAS A MONTH AGO. THE USDA SAYS CHINESE PORK PURCHASES IN APRIL WERE UP MORE THAN 100 MILLION POUNDS YEAR OVER YEAR. THAT COUNTRY IS FIGHTING TO CONTROL INFLATION--PORK PRICES THERE ARE UP NEARLY 60%.

ANALYSIS:
GREG WAGNER

IN THE COUNTRY CHURCH; CLINTON CHURCH:
AS WE'VE TOLD YOU TEXAS, NEW MEXICO AND PRETTY MUCH THE ENTIRE SOUTH IS IN A HISTORIC DROUGHT. MY FAMILY RANCHES IN NORTH EASTERN NEW MEXICO AND TO SAY THEY'RE PRAYING FOR RAIN IS UNDERSELLING THE SITUATION. PRAYING AND CHURCH IS AN IMPORTANT PART OF LIFE FOR MANY OF US IN THAT REGION. COME RAIN, DROUGHT OR IN SOME CASES, A DISAPPEARING CONGREGATION--ONE SMALL COUNTRY CHURCH IS KEEPING A COMMUNITY ALIVE. THANKS TO MY GRANDMOTHER AND THE MEMBERS OF THE CHURCH FOR LETTING ME TELL THEIR STORY. IN FACT, AT ONE POINT THE CHURCH GOT DOWN TO JUST 3 OR FOUR PEOPLE. LUCKILY A PASTOR FROM A NEIGHBORING TOWN AGREED TO COME BY ON SUNDAYS AND PEWS HAVE BEEN FULL ENOUGH EVER SINCE. FOOD AND YOUR FAMILY IS COMING UP. THANKS TO MY GRANDMOTHER AND THE MEMBERS OF THE CHURCH FOR LETTING ME TELL THEIR STORY. IN FACT, AT ONE POINT THE CHURCH GOT DOWN TO JUST 3 OR FOUR PEOPLE. LUCKILY A PASTOR FROM A NEIGHBORING TOWN AGREED TO COME BY ON SUNDAYS AND PEWS HAVE BEEN FULL ENOUGH EVER SINCE. FOOD AND YOUR FAMILY IS COMING UP.

FISH FARMING:
TO KEEP UP WITH GROWING SEAFOOD DEMAND, THE U.S. APPEARS SET TO CHANGE ITS POLICY ON FEDERAL WATERS ELIGIBLE FOR FISH-FARMING. DETAILS IN FOOD AND YOUR FAMILY. ACCORDING TO A REPORT ON FORBES-DOT-COM, THE FEDERAL GOVERNMENT APPEARS READY TO ALLOW LARGER SWATHS OF COASTAL WATERS TO FISH FARMING. THE COMMERCE DEPARTMENT ISSUED NEW POLICIES LAST MONTH TO OPEN-UP FEDERAL WATERS TO FISH AND SHELLFISH FARMS. THIS IS AN ATTEMPT TO ENCOURAGE DOMESTIC PRODUCTION. THE AREA STARTS THREE MILES OFF-SHORE AND CAN GO AS FAR AS 200 MILES. THE FORBES REPORT SHOWS 80% OF FISH, CLAMS AND OYSTERS CONSUMED BY AMERICANS IN 2009 WAS IMPORTED. IT SAYS AMERICAN SEAFOOD CONSUMPTION HAS INCREASED, BUT DOMESTIC PRODUCTION HAS NOT KEPT-UP. WHILE FEDERAL OFFICIALS AND FISH FARMERS SAY THE NEW PUSH WILL CREATE JOBS AND EASE FEARS ABOUT IMPORTING SEAFOOD FROM OTHER COUNTRIES, ENVIRONMENTAL GROUPS WORRY THAT THE EXPANSION OF FISH FARMING WILL HURT THE OCEANS' HEALTH.

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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