AgDay Daily Recap - June 28, 2011

June 28, 2011 03:14 AM
 

TODAY ON AGDAY:
JUNE 28, 2011

CROP PROGRESS:
GOOD MORNING. KANSAS WHEAT GROWERS HAVE PUSHED PAST THE HALF-WAY POINT OF THIS YEARS WINTER WHEAT HARVEST. USDA'S CROP PROGRESS REPORT SHOWS 55% OF THE KANSAS CROP IS NOW HARVESTED. PRODUCERS GAINED 28 POINTS FROM LAST WEEK'S TALLY.  THE FIVE YEAR AVERAGE FOR THE KANSAS WHEAT HARVEST IS 44%. IN THE REST OF THE MAJOR WHEAT-GROWING REGIONS, TEXAS HARVEST IS AT 89%. OKLAHOMA IS ALL BUT WRAPPED-UP AT 96%, LIKEWISE IN NORTH-CAROLINA. IT'S 98% IN ARKANSAS. SPRING WHEAT PLANTING HAS JUST ABOUT WRAPPED-UP. MOST OF THE CROP HAS EMERGED. WITH THE WEATHER ISSUES IN THE NORTHERN PLAINS, THERE ARE DELAYS IN MONTANA AND NORTH DAKOTA. 69% OF THE CROP IS CALLED GOOD OR BETTER. TURNING TO THE COTTON BELT, MOST OF THE CROP IS ON THE NEGATIVE SIDE OF THE SCALE. USDA SAYS 73% IS RATED FAIR TO VERY POOR. HALF OF THE COTTON CROPS IN TEXAS, OKLAHOMA AND GEORGIA ARE STRUGGLING. AND THE CONDITION RATING ON CORN IS DOWN TWO POINTS FROM LAST WEEK. 68% IS GOOD OR EXCELLENT. 80% OF THE IOWA CORN CROP, AND 79% OF THE NEBRASKA CROP HITS HIGH MARKS. WISCONSIN APPEARS TO BE THE GARDEN SPOT WITH 83% CALLED GOOD TO EXCELLENT. IT'S 64% IN ILLINOIS, 57% IN INDIANA AND 52% IN OHIO.

SIDE DRESSING:
PRODUCERS IN MUCH OF THE EASTERN CORN BELT STRUGGLED GETTING THEIR CROPS IN THE GROUND. NOW THAT IT'S SEEDED, THE BIG CONCERN IS FEEDING THAT CROP. GROWERS ARE HAVING TO DETERMINE WHEN AND HOW TO MAKE NITROGEN APPLICATIONS. IN THIS REPORT FROM THE UNIVERSITY OF ILLINOIS, TODD GLEASON SAYS IT'S NOT AN EASY PROCESS.

DAIRY TODAY PRICES:
IN OUR DAIRY TODAY REPORT, USDA'S ANNOUNCED PRICE MINIMUMS FOR JULY-FLUID-MILK SUGGESTS DAIRY FARMERS WILL RECEIVE SOME OF THE HIGHEST PRICES IN RECENT MEMORY. OUR PARTNERS AT DAIRY TODAY ARE REPORTING THAT JULY'S BASE MINIMUM PRICE OF 21.03 PER HUNDREDWEIGHT IS THE HIGHEST IN ABOUT FIVE YEARS. IN THE LAST FOUR MONTHS OF 2007, THOSE PRICES PEAKED AT 22-DOLLARS. BUT THE STEADILY RISING PRICES FOR FLUID MILK MAY ALSO HAVE A DOWNSIDE AS CONSUMERS DRINK LESS WHEN PRICES RISE. WE'LL TAKE A LOOK AT THOSE NUMBERS IN FOOD AND YOUR FAMILY.

DAIRY TODAY; CHINA DAIRY SAFETY:
ON THE INTERNATIONAL FRONT, NEW DAIRY SAFETY STANDARDS IN CHINA AREN'T HELPING IMPROVE CONSUMER'S CONFIDENCEN IN THE LOCAL MILK SUPPLY. THE NEW MAXIMUM LIMIT FOR AEROBIC PLATE COUNTS IS 2 MILLION CELLS PER MILILITER. THAT'S FOUR TIMES HIGHER THAN PREVIOUS REGULATIONS. MANY IN THE REGION ARE CALLING IT THE WEAKEST STANDARDS IN THE WORLD.

GM TOLERANCE EUROPE:
AND IN EUROPE, THE EUROPEAN COMMISSION SET NEW STANDARDS FOR GENETICALLY MODIFIED MATERIAL IN ANIMAL FEED. THE NEW REGS ALLOW FOR TRACES OF GM MATERIAL—0.1%--THAT'S LAX, COMPARED TO THE ZERO TOLLERANCE POLICY-- WHICH MANY IN THE REGION CONTINUE TO PUSH FOR. THE MOVE CAME AS THE EU HOPES TO AVOID MAJOR FEED DISTRUPTIONS FOR ITS LIVESTOCK SECTOR. AND DON'T FORGET, FOR THE VERY LATEST NEWS AFFECTING THE DAIRY INDUSTRY, INCLUDING PRODUCTION AND POLICY ISSUES, CHECK OUT WWW.DAIRYTODAY.COM.

CANADA KOREA BEEF:
IN WHAT'S CONSIDERED A PRIME MARKETING OPPORTUNITY FOR THE CATTLE INDUSTRY, THREE FREE TRADE AGREEMENTS BETWEEN THE U.S.-- COLUMBIA, PANAMA AND SOUTH KOREA-- CONTINUES TO HANG IN PURGATORY. THE OBAMA ADMINISTRATION SAYS IT WANTS TO GET ALL THREE TO CONGRESS FOR APROVAL BEFORE THE AUGUST RECESS.  MEANWHILE, IT APPEARS CANADA IS HEADING BACK INTO THE SOUTH KOREAN MARKET AFTER AN 8 YEAR BAN. THE TENTATIVE AGREEMENTS BETWEEN SEOUL AND OTTAWA ALLOWS CANADA TO RESUME SHIPMENTS TO SOUTH KOREA. TRADE SHUT DOWN IN 2003 AFTER MAD COW OR BSE WAS DISCOVERED IN CATTLE THERE. UNDER THIS NEW DEAL, ALL CANADIAN BEEF MUST COME FROM CATTLE LESS THAN 30 MONTHS OF AGE. THE AGREEMENT STILL REQUIRES PUBLIC CONSULTATION AND LEGISLATIVE APPROVAL FROM PARTIES IN SOUTH KOREA.

ANALYSIS:
MIKE HOGAN

IN THE COUNTRY; PERFECT PICKLES:
IF YOU'RE GARDENING THIS SUMMER, IT’S LIKELY MANY OF YOU WILL PUT A FEW CUCUMBERS IN THE MIX. BUT KEEPING UP WITH THESE PROLIFIC PLANTS CAN BE A CHALLENGE. THAT'S WHY TURING THAT GARDEN FRESH FRUIT INTO A PERFECT PICKLE IS A GREAT OPTION.  TODAY WE TRAVEL TO THE GOLDEN STATE WITH TRACY SELLERS AND CALIFORNIA COUNTRY TV WHERE ONE FAMILY IS CHURNING OUT LOADS OF PERFECT PICKLES.

DAIRY SALES:
IT APPEARS MORE AFFLUENT CONSUMERS ARE STILL WILLING TO SPEND FOR PREMIUM DAIRY PRODUCTS. DETAILS IN FOOD AND YOUR FAMILY. DAIRY TODAY REPORTS THAT FLUID MILK SALES ARE DOWN 4.5% FROM FEBRUARY THROUGH APRIL THIS YEAR. THAT'S BASED ON SUPERMARKET SCANNER DATA, AS COMPILED BY ANALYST JERRY DRYER. OUR PARTNERS AT DAIRY TODAY SAY CHEAPER, PRIVATE LABEL MILK WAS DOWN NEARLY 6%, WHILE BRANDED MILK WAS DOWN ABOUT 1%. BRANDED MILK TYPICALLY SELLS FOR A DOLLAR MORE PER GALLON. IN THE ORGANIC MILK CASE, IT TYPICALLY SELLS FOR SIX DOLLARS MORE PER GALLON. YET IT SAW A SALES VOLUME INCREASE OF MORE THAN 6%.  OUR ANALYSTS SAY THIS WOULD SUGGEST THAT AFFLUENT CONSUMERS ARE STILL WILLING TO SPEND MONEY AT THE HIGHER PRICE LEVELS WHILE THOSE LIVING PAYCHECK TO PAYCHECK MIGHT NOT BE.

SNACKS:
AND IF YOU'RE A BIG AFTERNOON SNACKER, YOU'RE NOT ALONE.  NEW RESEARCH SAYS SNACKS NOW DELIVER A QUARTER OF U.S. CALORIE INTAKE. THE STUDY DONE BY A PROFESSOR AT PURDUE UNIVERSITY SAYS SNACKING IS NOW A FULL EATING EVENT. HE SAYS ITS BECOME A FOURTH MEAL--PACKING ABOUT 580 CALORIES A DAY. AND IT'S NOT ALL SOLID FOODS. ABOUT HALF OF THOSE EXTRA CALORIES ARE IN THE LIQUID FORM OF DRINKS. THE CAUSE...BUSIER LIVES THAT LEAD TO ON THE GO EATING AND DRINKING. THE U.S. PACKAGED SNACK MARKET HIT 64 BILLION DOLLARS IN SALES LAST YEAR--UP ABOUT 8 BILLION DOLLARS SINCE 2006.

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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