AgDay Daily Recap - July 28, 2011

July 28, 2011 07:48 AM
 

TODAY ON AGDAY:
JULY 28, 2011

POST OFFICE CLOSURES:
GOOD MORNING EVERYONE. IF YOU LIVE IN RURAL AMERICA, YOUR LOCAL POST OFFICE MAY BE ON THE VERGE OF CLOSING. THE U.S. POSTAL SERVICE ON TUESDAY ANNOUNCED IT MAY SHUT-DOWN AS MANY AS 3,700 POST OFFICES NATIONWIDE. MORE THAN HALF OF THOSE ARE IN RURAL LOCATIONS. THE USPS IS LOOKING AT A SEVEN BILLION DOLLAR LOSS IN ITS CURRENT FISCAL YEAR, WHICH ENDS IN SEPTEMBER.  LAST YEAR, IT HAD AN EIGHT BILLION DOLLAR LOSS. WITH COMPETITION FROM THE INTERNET, AND SHIPPING FIRMS LIKE FED-EX AND UPS, THE POSTAL SERVICE HAS STRUGGLED. IN AN EFFORT TO IMPROVE THE BOTTOM LINE, THE SERVICE PROPOSES TO CLOSE 12% OF ITS OFFICES. USPS SAYS MORE CUSTOMERS ARE CHOOSING TO CONDUCT THEIR POSTAL BUSINESS ONLINE OR AT VENDORS LIKE GROCERY STORES. MEANWHILE, THE POSTAL SERVICE HAS INTRODUCED WHAT IT CALLS "VILLAGE POST OFFICE". IN ESSENCE, THEY WOULD BE OPERATED BY LOCAL BUSINESSES, SUCH AS PHARMACIES AND GROCERY STORES. THEY WOULD OFFER MANY OF THE POSTAL PRODUCTS, SUCH AS STAMPS AND FLAT-RATE PACKAGING. ALL STATES, BUT DELAWARE, ARE ON THE LIST. WE'LL PUT A LINK ON OUR WEBSITE THAT HAS A STATE-BY-STATE BREAKDOWN OF WHICH POST OFFICES ARE TARGETED FOR CLOSURE.

VILSACK BIOMASS:
IN AN ERA OF TIGHT BUDGETS, THE FEDERAL GOVERNMENT CONTINUES ITS SUPPORT FOR BIOFUELS. USDA SECRETARY TOM VILSACK SAYS THE AGENCY IS GIVING 45 MILLION DOLLARS IN SUPPORT OF BIOFUELS AND CELLULOSIC ETHANOL. THE FUNDS WILL HELP WITH THE PLANTING OF CROPS LIKE SWITCHGRASS AND CAMELINA IN 6 STATES. CAMELINA HAS FOUND A HOME IN THE AVIATION INDUSTRY AND SWITCHGRASS IS USED IN CELLULOSIC ETHANOL PRODUCTION. THE MONEY IS PART OF THE BIOMASS CROP ASSISTANCE PROGRAM. THIS IS THE SECOND TIME THE DEPARTMENT HAS USED IT TO PROMOTE PRODUCTION OF THE NEXT GEN FUEL CROPS. IT’S PART OF AN EFFORT TO LESSON THE AMOUNT OF CORN BEING USED IN ETHANOL PRODUCTION.

DETASSLER DEATHS:
THE OCCUPATIONAL HEALTH AND SAFEY ADMINISTRATION IS CONTINUING ITS INVESTIGATION INTO THE DEATHS OF TWO TEENAGE DETASSELERS IN NORTHWEST ILLINOIS. THE GIRLS - 14 YEAR OLD JADE GARZA AND HANNAH KENDALL - BOTH FROM STERLING, ILLINOIS DIED MONDAY WHEN THEY CAME IN CONTACT WITH A CENTER PIVOT IRRIGATION SYSTEM. IT HAPPENED IN WHITESIDE COUNTY, ILLINOIS AS A CREW OF ABOUT 70 TEENAGERS WERE DETASSELING CORN. IN ADDITION TO THE GIRLS WHO DIED, TWO OTHERS WERE SERIOUSLY INJURED. "OSHA" OFFICIALS TELL AGDAY THAT IT COULD TAKE SIX MONTHS TO FINISH THEIR REPORT.

U OF I ELECTRIC SHOCKS:
THE ACCIDENT IN ILLINOIS IS TRAGIC REMINDER THAT THERE ARE DANGERS IN FARMING. IN THIS REPORT FROM THE UNIVERSITY OF ILLINOIS, TODD GLEASON REPORTS ON THE RISK OF HIGH-POWERED ELECTRICAL LINES ON THE FARM. PROPER GROUNDING TECHNIQUES FOR THE FARM CAN BE FOUND IN THE NATIONAL ELECTRIC CODE. IT IS AVAILABLE ONLINE. THE CODE WAS UPDATED THIS YEAR BY THE NATIONAL FIRE PROTECTION ASSOCIATION. THE NATIONAL SAFETY COUNCIL SAYS FARMING IS THE MOST DANGEROUS JOB IN THE NATION AND HAS BEEN FOR MOST OF THE LAST DECADE. THE NUMBER ONE KILLER ON THE FARM IS A TRACTOR TURN OVER. THERE ABOUT 170 DEATHS ON THE FARM EACH YEAR FROM THIS ONE TYPE OF ACCIDENT.

BEEF TODAY; CASH CATTLE:
IN OUR BEEF TODAY REPORT, CASH CATTLE PRICES EASED LAST WEEK, AS COMMODITY PRICES REMAINED STRONG. ANALYSTS SAY SALE BARN RECIEPTS CONTINUE TO WEAKEN. STRONG CORN PRICES, A HIGH POSITIVE BASIS AND ERRODING FEEDING MARGINS ARE PULLING MONEY AND DEMAND OUT OF THE AUCTION HOUSE. THE HIGHER FEEDING COSTS HAVE COSTS OF GAIN AT LEVELS NOT SEEN SINCE EARLY JUNE. CASH TRADE FOR LIVE CATTLE AVERAGED $108.50 PER HUNDRED WEIGHT.  AMARILLO ANALYST JUSTIN GLEGHORN SAYS IT’S UNCLEAR WHETHER CATTLE HAVE REACHED THEIR SEASONAL LOW.

BEEF TODAY; DROUGHT:
DESPITE A SLIGHTLY SOFTER PRICE, CATTLE IN THE SOUTHERN PLAINS AND SOUTH CONTINUE TO FILL UP SALE BARNS. SEVERE DROUGHT IS LEAVING LITTLE HOPE FOR IMPROVING GRASS CONDITIONS THIS SUMMER. THAT HAS LIGHTER WEIGHT STOCKERS COMING OFF PASTURE EARLY--MOVING THE TYPICAL FALL SALES TO LATE SUMMER. ACCORDING TO THE TULSA WORLD, TULSA STOCKYARDS ARE SELLING NEARLY 3,500 HEAD A WEEK WHEN NORMALLY THIS TIME OF YEAR IT'S WELL BELOW 2,000.

BEEF TODAY; HEAT LOSS:
THIS WAS THE SCENE LAST WEEK IN SOUTH DAKOTA, BUT HEAT LOSS HAS BEEN A PROBLEM ACROSS MUCH OF THE MIDWEST. IN IOWA, THE STATE'S CATTLEMEN'S ASSOCIATION SAYS AS MANY AS 4,000 HEAD HAVE DIED DUE TO HEAT. HEAT INDEXES REACHED 110 DEGRESS OR HIGHER IN LAST WEEK'S HEAT WAVE. NOW PRODUCERS ARE WORRIED ABOUT FERTILITY.
HIGH TEMPERATURES CAN REDUCE FERTILITY IN BULLS AND IMPACT PREGNANCY IN HEIFERS AND COWS.

BEEF TODAY; ARGENTINA:
DON'T EXPECT AS MANY STEAKS ON YOUR GRILL TO BE FROM ARGENTINA. THE WORLD RENOWN BEEF PRODUCER IS RAPIDLY LOSING ITS PLACE ON THE WORLD MARKET. THE COUNTRY'S GOVERNMENT PUT A LIMIT ON BEEF EXPORTS BACK IN 2006.--IN HOPES OF LOWERING DOMESTIC PRICES AND CONSUMPTION NOW ITS EXPORTING MORE FISH THAN STEAKS AND THE NATION'S CATTLE HERD HAS FALLEN BY 15%. YOU CAN GET MANY MORE UPDATES ON THE BEEF INDUSTRY, INCLUDING MARKET AND PRODUCTION INFORMATION FROM OUR PARTNERS AT WWW.BEEFTODAY.COM.

CNH FINANCIALS:
IN AGRIBUSINESS, EQUIPMENT MAKER C-N-H IS REPORTING A POSITIVE FINANCIAL QUARTER. THE COMPANY ANNOUNCED BETTER-THAN-EXPECTED EARNINGS. THE MAKER OF CASE AND NEW HOLLAND FARM EQUIPMENT RAISED ITS FORECAST FOR REVENUE GROWTH BY 15-20%. TRADERS HAD ONLY EXPECTED 10%. CNH SAYS GLOBAL TRACTOR SALES GREW 13% WHILE GLOBAL COMBINE SALES GREW 17% FOR THE QUARTER. HOWEVER, NORTH AMERICAN TRACTOR AND COMBINE SALES WERE BOTH DOWN. SOME OF THE STRONGEST SALES WERE IN RUSSIA.

ANALYSIS:
CHRIS HURT

IN THE COUNTRY; DOG CANCER:
LIVING IN THE COUNTRY CERTAINLY HAS ITS BENEFITS FOR THE PEOPLE WHO CALL IT HOME BUT IT’S ALSO GREAT FOR MAN'S BEST FRIEND. FROM LASSIE TO OLD YELLER DOGS HOLD A SPECIAL PLACE IN OUR HEARTS. BUT DID YOU KNOW ON AVERAGE A DOG IS DIAGNOSED WITH CANCER ABOUT EVERY 5 SECONDS. IN THIS REPORT FROM OHIO STATE UNIVERSITY MEDICAL CENTER, NEW RESEARCH ON MAN'S BEST FRIEND MAY ONE DAY BENEFIT HIS OWNER. THANKS CLARK. YOU'LL BE HAPPY TO KNOW TODAY, BEAR IS CANCER FREE. ACCORDING TO DOCTORS--IN HUMANS IT CAN TAKE 10 YEARS TO TEST NEW CANCER DRUGS AND GET RESULTS, IN DOGS IT CAN OFTEN BE DONE IN JUST TWO. FOOD AND YOUR FAMILY IS NEXT.

FOOD PRICES TO FALL:
IN FOOD AND YOUR FAMILY-THE USDA IS PREDICTING FOOD WILL GO EASIER ON YOUR WALLET NEXT YEAR. IN ITS FIRST OUTLOOK FOR THE YEAR THE DEPARTMENT SAYS ITS LIKELY FOOD PRICES WILL FALL SLIGHTLY IN 2012. ACCORDING TO THE CONSUMER PRICE INDEX, ALL FOOD IS PROJECTED TO BE 3-4% HIGHER THIS YEAR. THE USDA NOW EXPECTS THOSE GAINS TO SLOW IN 2012. IT’S FORECASTING A MODEST RISE OF 2.5-3.5%. OF COURSE THAT ALL DEPENDS ON FOOD PRODUCTION AND WEATHER CONDITIONS. DESPITE THE INCREASE U.S. HOUSEHOLD EXPENDITURES ON FOOD HIT AN ALL TIME LOW--FALLING TO JUST 9.4% OF DISPOSABLE INCOME OR ABOUT 2,200 DOLLARS PER CAPITA.

FOOD MOODS:
AND, CAN WHAT YOU EAT AFFECT YOUR MOOD. NEW RESEARCH IN THE JOURNAL OF CLINICAL INVESTIGATION SAYS YES. THE STUDY SAYS FAT-RICH 'COMFORT FOODS' MAY ACTUALLY CHANGE THE BRAIN'S RESPONSE TO SADNESS AND BOOST A PERSON'S MOOD. THE RESEACH DONE IN BELGIUM FOUND THAT THE INFUSION OF A FAT SOLUTION INTO THE STOMACH SHOWED AN ACTIVIATION OF BRAIN REGIONS THAT REDUCED SAD EMOTIONS.

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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