AgDay Daily Recap - June 2 2011

June 2, 2011 04:37 AM
 

TODAY ON AGDAY:
JUNE 2, 2011

AG APPROPRIATIONS:
USDA'S FOOD SAFETY AND INSPECTION SERVICE ISSUED NEW GUIDELINES ON COOKING PORK... AND IT MEANS YOU DON'T HAVE TO KEEP IT ON THE HEAT AS LONG. ONE OF THE MAJOR AMENDMENTS WOULD PROHIBIT FUNDS FOR CERTAIN DIRECT FARM BILL PAYMENTS. APPLICANTS WOULD NEED TO MAKE LESS THAN 250,000 DOLLARS IN ADJUSTED GROSS INCOME TO BE ELIGIBLE FOR PAYMENTS. UNDER CURRENT FARM LEGISLATION, PEOPLE WITH MORE THAN 500,000 IN "OFF-FARM" SOURCES OR 750,000 IN "ON FARM" ADJUSTED GROSS INCOME ARE NOT ELIGIBLE FOR PAYMENTS.  LAST WEEK, AG SECRETARY TOM VILSACK TESTIFIED BEFORE THE SENATE AGRICULTURE COMMITTEE ON PROPOSED BUDGET CUTS. VILSACK SAYS HE UNDERSTANDS THAT BUDGET CUTS ARE A REALITY IN LIGHT OF THE HUGE FEDERAL DEFICIT. BUT HE SAYS HIS DEPARTMENT HAS FELT A DIS-PROPORTIONATE SHARE OF THE FUNDING CUTS. ONE AREA IN PARTICULAR THAT VILSACK SAYS HE'S CONCERNED ABOUT IS RESEARCH. HE SAYS AT A TIME WHEN THE COUNTRY NEEDS TO BE OUT-INNOVATING OTHER COUNTRIES, THE U.S. IS REDUCING ITS COMMITMENT.

COTTON WTO:
THE NATIONAL COTTON COUNCIL IS TAKING EXCEPTION TO THE PROPOSED APPROPRIATIONS BILL AND ITS IMPACT ON A TRADE DISPUTE SETTLEMENT WITH BRAZIL. TWO YEARS AGO, THE WORLD TRADE ORGANIZATION RULED AGAINST THE U.S. AND ITS POSITION ON COTTON SUBSIDIES. TO SETTLE THE CLAIM, THE WTO REQUIRES THE U.S. TO PAY BRAZIL 147 MILLION DOLLARS A YEAR. THAT FUND PROVIDES TECHNICAL ASSISTANCE AND HELPS GROW BRAZIL'S COTTON INDUSTRY. ACCORDING TO OUR REPORTING PARTNERS AT PRO FARMER, THE COMMITTEE VOTED TO SHIFT THE PAYMENT TO A PUBLIC NUTRITION PROGRAM...STOPPING PAYMENTS TO BRAZIL ALL-TOGETHER. THE COTTON COUNCIL SAYS THE APPROPRIATIONS BILL, AS IT IS WRITTEN RIGHT NOW, WOULD VIOLATE THE TRADE AGREEMENT BY ENDING THE PAYMENTS.

BTR GIPSA FUNDING:
OUR BEEF TODAY REPORT CONTINUES OUR LOOK AT THE AG APPROPRIATIONS BILL AND ITS IMPACT ON A PROPOSED LIVESTOCK MARKETING RULE. THE HOUSE COMMITTEE VOTED TO KEEP IN PLACE A SPENDING MEASURE THAT WOULD PROHIBIT USDA FROM IMPLEMENTING CONTROVERSIAL "GIPSA" RULES ON LIVESTOCK AND POULTRY MARKETING. GIPSA WOULD MAKE MAJOR CHANGES TO THE WAY LIVESTOCK AND POULTRY ARE MARKETED IN THE U.S. THREE MAJOR LIVESTOCK GROUPS, INCLUDING NCBA, THE NATIONAL PORK PRODUCERS COUNCIL AND THE NATIONAL TURKEY FEDERATION, ALL PRAISED HOUSE LAWMAKERS FOR DENYING MONEY FOR USDA. "R-CALF USA" SAYS CONGRESS IS CHOOSING CORPORATE PROFITS AND MEGA MEATPACKERS OVER FAMILY FARMERS.

BTR MARKETS:
CATTLE MARKETS CONTINUE TO SOFTEN. FEEDER CATTLE PRICES WEDNESDAY WERE NEAR 123 AND A HALF ALMOST 20 DOLLARS PER HUNDRED LESS THAN APRIL HIGHS. MARKETS CONTINUE TO WATCH THE SUPPLY, DEMAND PICTURE. SEASONAL SUPPLIES ARE NOW POURING IN.  CATTLE MARKETS WERE ALREADY SORTING THOUGH A YEAR OVER YEAR INCREASE IN THE NUMBER OF CALVES HEADED FOR FEEDLOTS. THESE HIGHER SUPPLIES ARE SMASHING AN UPTICK IN CONSUMER DEMAND AS THE SUMMER GRILLING SEASON REACHES FULL FLAME. ECONOMISTS HOWEVER DON'T SEE A BIG CHANGE IN CURRENT PRICES. MANY MARKET ANALYSTS ARE REPORTING ABOVE AVERAGE SALES FOR BEEF OVER THE HOLIDAY WEEKEND. YOU CAN GET MANY MORE UPDATES ON THE BEEF INDUSTRY, INCLUDING MARKET AND PRODUCTION INFORMATION FROM OUR PARTNERS AT WWW.BEEFTODAY.COM .

DAKOTA CORN:
WHEN USDA RELEASED ITS PROSPECTIVE PLANTINGS REPORT IN MARCH, THE DEPARTMENT FORECASTED AN OVERALL INCREASE IN THE NUMBER OF ACRES PLANTED TO CORN BY FOUR MILLION ACRES. ONE OF THE LARGEST STATE INCREASES WAS GOING TO BE IN NORTH DAKOTA WITH 450,000 ACRES. BUT AS WINTER TURNED TO SPRING, AND SNOW TURNED INTO FLOOD WATER, IT BECAME CLEAR THAT REACHING THAT FORECAST WOULD BE DIFFICULT. CLIFF NAYLOR FROM AFFILIATE KFYR-TV REPORTS THAT TIME IS RUNNING OUT TO PLANT CORN, FORCING SOME PRODUCERS TO MAKE CHANGES. THE CUT-OFF DATE FOR NORTH DAKOTA CORN CROPS TO BE FULLY COVERED BY CROP INSURANCE WAS LAST WEDNESDAY. ACCORDING TO THE LATEST CROP PROGRESS REPORT FROM USDA, THREE QUARTERS OF NORTH DAKOTA CORN IS PLANTED. IT'S 16 POINTS BEHIND THE STATE AVERAGE PACE. HERE'S MIKE HOFFMAN WITH TODAY'S CROP COMMENTS, MIKE.

WOOL PRICES:
IN AGRIBUSINESS ACCORDING TO THE AMERICAN SHEEP INDUSTRY ASSOCIATION, WOOL PRICES SET NEW RECORDS THIS WEEK. THE EASTERN MARKET INDICATOR--A PRICE POINT FOR WOOL-- IS UP MORE THAN 90% IN U.S. DOLLAR TERMS. IT HIT A NEW RECORD OF $14.64 PER KILOGRAM CLEAN. THAT'S HIGHER THAN PREVIOUS RECORD PRICES SET BACK IN 1988 AND 89. SHORT SUPPLY AND RISING DEMAND IS HELPING LEAD THE INCREASE.

ANALYSIS:
JIM BOWER

IN THE COUNTRY; CRAB LAB:
FOR SEAFOOD LOVERS, CRAB IS OFTEN HIGH ON THE FAVORITES LIST.  BUT DID YOU KNOW THESE AQUATIC CREATURES ARE DISAPPEARING FROM THE OCEANS ALONG AMERICA'S COASTS. THAT'S WHY STUDENTS AT UT'S INSTITUTE OF AGRICULTURE DESIGNED A PROJECT TO REPLENISH CRAB POPULATIONS. CHUCK DENNEY REPORTS ON A BLEND OF BIOLOGY AND ENGINEERING AND ITS POTENTIAL BOOST TO AGRICULTURE.  THANKS CHUCK. CHUCK SAYS--AS A SIDE NOTE-- THAT SEA LETTUCE YOU SAW THERE GROWING IN THE TANKS, WELL IT CAN BE EATEN BY HUMANS OR MADE INTO COSMETICS. MORE FOOD, AND YOUR FAMILY AND THE END OF THE FOOD PYRAMID WHEN WE COME BACK.

EUROPE BAD VEGGIES:
IN FOOD AND YOUR FAMILY THIS MORNING, EUROPE CONTINUES TO DEAL WITH A MASSIVE OUTBREAK OF FOODBORNE ILLNESS. IT APPEARS MORE THAN 1500 PEOPLE HAVE BEEN INFECTED WITH A DEADLY STRAIN OF ECOLI. WHILE CASES HAVE BEEN REPORTED IN 9 COUNTRIES THE MAJORITY ARE IN GERMANY. IN NEARLY ALL OF THE ILLNESSES PEOPLE ATE EITHER CUCUMBERS, TOMATOES OR LEAF LETTUCE IN THE NORTHERN REGION OF THE COUNTRY. TO DATE, 17 PEOPLE HAVE DIED.  SCIENTISTS ARE SEARCHING FOR A CAUSE.

PYRAMID NO MORE:
AND TODAY, THE FOOD PYRAMID WE ALL LEARNED IN ELEMENTARY SCHOOL, OUR GUIDE TO HEALTHY EATING, IS GETTING A MAKE OVER.  THE NEW LOOK WILL BE UNVEILED TODAY AT THE USDA HEADQUARTERS IN WASHINGTON. WHILE THERE'S NO OFFICIAL STATEMENT ON WHAT THE NEW DIETARY LOGO WILL LOOK LIKE, MANY BELIEVE IT WILL BE A CIRCLE REPRESENTING A PLATE, DIVIDED INTO QUARTERS. THE BREAKDOWN IS LIKELY TO INCLUDE, PROTEIN SOURCES, COMPLEX CARBOHYDRATES, FRUITS AND VEGETABLES. THERE MAY ALSO BE A CIRLCE REPRESENTING DAIRY. THE USDA SAYS IT WILL BE AN "EASY TO UNDERSTAND VISUAL CUE FOR ADOPTING HEALTHY EATING HABITS".

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 AT WWW.FACEBOOK.COM/AGDAY .
 

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