Good morning I’m Clinton Griffiths. As livestock producers look at higher feed costs, one bright spot continues to be exports. While exports to Korea were down, shipments to Mexico and Japan remain strong. The meat export federation says they have double-digit gains from a year ago. Pork industry expert - Doctor Chris Hurt from Purdue University - warns that the drought and the impact on feed prices may be on the verge of creating a financial disaster for the pork industry. He says pork producers tend not to have any form of income protection against higher feed prices in the short-run. He says corn-for-feed prices have risen 45% in just four weeks.
Producers looking for relief from high grain prices won't get much help from the hay market. The US all hay price in June was a whopping 183 dollars a ton.
If dismal yields weren't enough, many farmers are dealing with additional insect pressure. Mike Hoffman has details in cropwatch.
If dry weather persists, soil moisture may be a big concern come next planting season.
One management tool to preserving below ground moisture is no-till.
Chuck Denney takes a look at this tillage technique in this report from the UT Institute of Agriculture.
An update in the latest commodities trading scandal. The CEO of Perigrine Financial Group--Russell Wasendorf Senior was arrested on fraud charges Friday.
US Ethanol output fell to its lowest level in nearly two years.
That happened last week as rising corn prices forced many refineries to sit idle.
MISSISSIPPI EXPANDING PRODUCE:
The magnolia state is known for more than its white magnolia blooms on trees and white cotton bolls in the field. It’s a state that is seeing a fast growing fruit and vegetable industry. In this report from Mississippi State, Leighton Span shows us how diversification is blooming in the northeast portion of the state. While diversification is key, Mississippi continues to rank at the top in farm-raised catfish.
CHICKENS FIGHT CANCER:
If you want the latest tool to help fight cancer, you may want to turn to chickens.
Being adamant about writing down what you eat could be smarter than you think. It could result in shedding pounds.