AgDay Daily Recap - June 23, 2011

June 23, 2011 08:28 AM
 

TODAY ON AGDAY:
JUNE 23, 2011

GIPSA PORK ROOK:
GOOD MORNING.  LAST WEEK THE HOUSE VOTED TO STRIP FUNDING FOR IMPLEMENTATION OF THE GIPSA LIVESTOCK MARKETING RULE.  WHILE THE SENATE AG APPROPRIATIONS COMMITTEE HAS YET TO DELIVER THEIR BUDGET PROPOSAL FOR FISCAL YEAR 2012, THIS IS AN INDICATION THE RULE MAY BE IN JEOPARDY.  PORK PRODUCERS OPPOSED THE RULE FROM THE START.  THEY BELIEVE IT TAKES AWAY MARKET OPPORTUNITIES LIKE --CONTRACTING.  AGDAY'S MICHELLE ROOK IS HERE WITH A LOOK AT THIS AND OTHER COMPETITIVE MARKET ISSUES PORK PRODUCERS ARE CURRENTLY WORKING ON.  THANKS MICHELLE.  AG SECRETARY TOM VILSACK SAYS HE'S CONFIDENT THEY'LL GET ALL OF THESE MARKETING RULES IMPLEMENTED INSPITE OF FUNDING THREATS.
VILSACK SAYS MARKET REFORM IS NEEDED TO REVERSE THE TREND OF CONTINUED INTEGRATION AND CONCENTRATION IN THE NATION'S LIVESTOCK INDUSTRY WHICH HE SAYS HAS FORCED MANY INDEPENDENT PRODUCERS OUT OF BUSINESS.

STATES CLEAN WATER ACT:
ALSO IN WASHINGTON, A NEW BIPARTISAN BILL IS SEEKING TO RETURN THE RESPONSIBILITY OF CLEAN WATER TO THE STATES.  THE HOUSE OF REPS BILL IS BEING CALLED THE CLEAN WATER COOPERATIVE FEDERALISM ACT OF 2011.  IT’S DIRECTED AT THE EPA AND ITS RECENT MOVES TO PILE ON REGULATIONS IN FLORIDA EVEN AFTER THE STATE ALREADY HAD AN APPROVED CLEAN WATER PLAN.  THE BILL WAS INTRODUCED BY THAT STATE'S REPRESENTATIVE JOHN MICA AND WEST VIRGINA REPRESENTATIVE NICK RAHALL.  THE LEGISLATION SEEKS TO AMEND THE CLEAN WATER ACT AND RESTRICT THE EPA'S ABILITY TO OVERRIDE OR DELAY A STATE'S PERMITTING PROGRAM AFTER PREVIOUSLY APPROVING OF IT.

MINOT FLOODING:
AND WATER IS ON EVERYONE'S MIND IN NORTH DAKOTA AS THAT STATE DEALS WITH ONE OF ITS WORST FLOODS IN HISTORY.  IN MINOT NEARLY 11,000 PEOPLE HAD TO EVACUATE THEIR HOMES WEDNESDAY.  THE SOURIS RIVER IS OVERTOPPING LEVEES AND DOING IT EARLIER THAN EXPECTED.  THAT FORCED RESIDENTS TO LEAVE IMMEDIATELY.  THE SOURIS RIVER COMES SOUTH OUT OF CANADA.  IT'S BURSTING AT THE SEAMS DUE TO HEAVY SPRING SNOWMELT AND A DELUGE OF RAIN.
THE FLOOD IS EXPECTED TO BE WORSE THAN THE HISTORIC FLOOD OF 1881 WHEN THE RIVER CRESTED AT 1,500 58 FEET ABOVE SEA LEVEL.  THIS TIME IT’S EXPECTED TO BEAT EVEN THAT RECORD; RISING 5 FIVE FEET HIGHER TO 1,563.

BT; CATTLE FUTERS:
IN OUR BEEF TODAY REPORT, CATTLE FUTURES FELL WEDNESDAY AFTER HITTING A SEVEN WEEK HIGH.  ANALYSTS FROM DOW JONES SAY CATTLE MARKETS SIMPLY COULDN'T GET ENOUGH MOMENTUM TO SUSTAIN THE RECENT RALLY.  MARKET ANALYSISTS SAY INSPITE OF A SHARP RALLY AFTER THE LATEST CATTLE ON FEED REPORT SHOWED AN 11% DROP IN PLACEMENTS--NEW INVESTORS SIMPLY DIDN'T STEP INTO THE MARKET.  ADD TO THAT EXPECTATIONS OF LESS THAN STELLAR SALES DURING THE UPCOMING JULY 4TH HOLIDAY.  HOWEVER, CATTLE PRICES REMAIN STRONG.  REPORTS FROM THE TEXAS PANHANDLE AND KANSAS SHOW SALES AROUND A DOLLAR EIGHT PER POUND.  NEBRASKA CATTLE TRADED BETWEEN 109 AND 112.

BT; STATE OF BEEF:
SO JUST HOW IS THE BEEF INDUSTRY DOING?  MICHIGAN SENATOR AND CHAIRWOMAN OF THE U.S. SENATE AG COMMITTEE, DEBBIE STABENOW PLANS TO FIND OUT.  NEXT WEEK SHE'S HOLDING A HEARING TO EXAMIN THE STATE OF LIVESTOCK IN AMERICA.  AN OUTLINE OF SPEAKERS SHOWS TOPICS INCLUDE EVERYTHING FROM THE GIPSA RULE, CORN AND ETHANOL POLICY, DISEASE TRACEBILITY, FOOD SAFETY, CONSERVATION AND TESTIMONY FROM PRODUCERS.  THE HEARING IS SET FOR NEXT TUESDAY IN WASHINGTON.

BT; MONTANA FLOOD CRP:
AS YOU HEARD, CONSERVATION AND CRP IS ON THE AGENDA.  IN MONTANA LEGISLATORS ARE ASKING USDA SECRETARY TOM VILSACK TO OPEN CRP LANDS FOR HAYING AND GRAZING.  MONTANA CONGRESSMAN DENNY REHBERG SAYS FLOODING IS IMPACTING PRODUCERS ABILITY TO GROW CROPS INCLUDING HAY.  HE WANTS CRP LANDS OPENED NOW IN ORDER TO PREVENT A FEED SHORTAGE LATER IN THE YEAR.

BT; ANGUS FOUNDATION:
AND AS CATTLE PRODUCERS CONTINUE TO DEAL WITH NATURAL DISASTERS BE IT DROUGHT IN TEXAS, STORMS IN MISSOURI OR FLOODING IN MONTANA.  THAT HAS MANY MANAGERS MAKING THE DECISION TO THIN THE HERD.  A NEW PROGRAM FROM THE ANGUS ASSOCIATION IS ASKING FARMERS AND RANCHERS TO PUT THAT CULL COW MONEY INTO A TREASURE CHEST. TREASURE CHEST IS AN INITIATIVE FROM THE ANGUS FOUNDATION.  THE PROJECT ALLOWS PRODUCERS TO DIRECT THE PROCEEDS FROM CULL COWS OR SALVAGE COWS TO PROJECTS IN EDUCATION, YOUTH DEVLOPMENT AND RESEARCH.  AND THEY'RE MAKING IT EASY.  PRODUCERS JUST NEED TO ASK THE SALE BARN OR WHO EVER THE CATTLE ARE BEING SOLD THROUGH TO SEND THE MONEY ON TO THE FOUNDATION.  TREASURE CHEST FUNDS WILL BE ADDED TO THE ANGUS FOUNDATION'S CAPITAL CAMPAIGN CALLED VISION OF VALUE.  THEY HOPE TO RAISE 11 MILLION DOLLARS BY THE END OF THE YEAR.  YOU CAN GET MANY MORE UPDATES ON THE BEEF INDUSTRY, INCLUDING MARKET AND PRODUCTION INFORMATION FROM OUR PARTNERS AT WWW.BEEFTODAY.COM.

ANALYSIS:
BRIAN BASTING

IN THE COUNTRY; SUSTAINABLE DAIRY:
YOU MAY NOT KNOW THAT JUNE IS DAIRY MONTH.  AND IN HONOR OF THAT SEYMOUR DAIRY IN SEYMOUR WISCONSIN IS LAUNCH A NEW CHEESE THEY'VE BEEN WORKING ON.  IT'S CALLED WINE-LACE...AND IT'S A CROSS BETWEEN CHEDDAR AND BLUE CHEESE.  IN THIS REPORT FROM THE WISCONSIN DAIRY NEWS WE LEARN THAT TO MAKE THIS HIGH QUALITY FOOD, SEYMOUR IS STARTING WITH QUALITY ON THE HOOF.  THANKS FOR THAT REPORT.  IF YOU'RE WONDERING WINE-LACE IS GERMAN FOR "VINTAGE."  THE ARTISAN CHEESE WAS CREATED FROM AN ORIGINAL RECIPE AND CRAFTED IN SMALL BATCHES TO FORM A SMOOTH-GOLDEN CHEDDAR BODY THAT MATURES WITH BLUE-GREEN VEINS.  FOOD AND YOUR FAMILY IS COMING UP.

CATFISH PRICES:
TOUGH GLOBAL COMPETITION IS PUSHING UP THE PRICE OF CATFISH.  IN FOOD AND YOUR FAMILY THIS MORNING, LOW PRICED IMPORTS AND HIGH FEED COSTS PUSHED MANY CATFISH PRODUCERS OUT OF THE BUSINESS.  NOW THEIRS A SHORTAGE OF FISH AND PRICES FOR CONSUMERS ARE INCREASING.  AREA WIDE NEWS IN MISSOURI REPORTS THAT A BOX OF CATFISH USED TO COST ABOUT 60 DOLLARS.  NOW IT'S OVER 90.  UNIVERSITY OF ARKANSAS AT PINE BLUFF, PROFFESSOR CAROL ENGLE SAYS PROBLEMS STARTED IN 2008 WITH HIGH FEED COSTS.  COUPLE THAT WITH CHEAP IMPORTS FROM VIETNAM AND CHINA...AND MANY PRODUCERS SIMPLY COULDN'T MAKE THE MATH PENCIL OUT.  CATFISH FARMERS WERE GETTING 75-80 CENTS A POUND--NOT ENOUGH TO COVER THE COST OF FEED AND MAKE A PROFIT.  ENGLE SAYS CATFISH PRICES HAVE GONE UP AND THAT MEANS MORE PRODUCERS WILL GET BACK IN THE BUSINESS.  SHE THINKS THE CATFISH SHORTAGE AND HIGH PRICES ARE TEMPORARY.

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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