AgDay Daily Recap - June 30, 2011

June 30, 2011 03:42 AM
 

TODAY ON AGDAY:
JUNE 30, 2011

ACREAGE REPORT:
GOOD MORNING. TWO MAJOR REPORTS COME-OUT THIS MORNING FROM USDA. THE "TRADE" AND FARMERS WILL BE WATCHING THEM CLOSELY. AT 7:30 CENTRAL TIME, THE AG DEPARTMENT WILL RELEASE ITS PLANTED ACREAGE REPORT AND QUARTERLY STOCKS ESTIMATES. THESE REPORTS - ESPECIALLY THE STOCKS REPORT - ARE OFTEN CONSIDERED MARKET MOVERS. THE ACREAGE REPORT WILL DETAIL THE ACTUAL AMOUNT OF CROP ACRES PLANTED FOLLOWING THE WIDESPREAD PLANTING DELAYS EARLIER THIS YEAR. PRO FARMER EDITOR CHIP FLORY TELLS US WHAT TO LOOK FOR WHEN THE NUMBERS COME OUT. THANKS CHIP. AGAIN THOSE REPORTS ARE RELEASED AT 7:30 CENTRAL TIME. OUR PARTNERS AT AGWEB WILL HIGHLIGHT ALL OF THE IMPORTANT REPORT DATA, AS WELL AS PROVIDE ANALYSIS ABOUT WHAT THE NUMBERS MEAN FOR YOU. AND OF COURSE, WE'LL HAVE REACTION TO THE REPORT TOMORROW MORNING ON AGDAY.

FTA MOVEMENT:
THERE MAY BE SOME ACTION TODAY ON THREE FREE TRADE AGREEMENTS THAT HAVE BEEN LINGERING ON CAPITOL HILL.  SENATE FINANCE COMMITTEE CHAIRMAN MAX BAUCUS SAYS HIS COMMITTEE WILL MARKUP THE PENDING TRADE DEALS WITH SOUTH KOREA, COLOMBIA, AND PANAMA. SENATOR BAUCUS WARNS THAT THE FTAS WOULD NOT BE PASSED UNLESS THE TRADE ADJUSTMENT ACT IS PART OF THE AGREEMENT. THAT ELEMENT IS SUPPOSED TO HELP U.S. WORKERS NEGATIVELY IMPACTED BY TRADE DEALS. LABOR UNIONS HAVE THE EAR OF THE OBAMA ADMINISTRATION WHICH SAID IT WOULD NOT MOVE ON THE FTAS WITHOUT INCLUDING THE TRADE ADJUSTMENT ACT AS PART OF ITS TOTAL TRADE AGENDA.


TEXAS DROUGHT DESIGNATION:
THE ENTIRE STATE OF TEXAS HAS BEEN DECLARED A NATURAL-DISASTER AREA. THAT MEANS FARMERS AND RANCHERS CAN APPLY FOR LOW-INTEREST EMERGENCY LOANS AS A RESULT OF THE RELENTLESS DROUGHT. ON TUESDAY, THE AG DEPARTMENT DESIGNATED 213 COUNTIES AS DIRECTLY AFFECTED BY DROUGHT. THE OTHER 41 COUNTIES ARE INCLUDED BECAUSE THEY ARE NEIGHBORING COUNTIES. MEANWHILE, 32 COUNTIES IN LOUISIANA, OKLAHOMA, ARKANSAS AND NEW MEXICO ALSO GARNERED THE DESIGNATION BECAUSE THEY ARE ADJACENT TO TEXAS COUNTIES. THOSE STATES ARE ALSO AWAITING DISASTER DECLARATIONS FROM THE AG DEPARTMENT.

DROUGHT CATTLE SALES:
THIS MORNING IN OUR BEEF TODAY REPORT DROUGHT IN THE SOUTHWEST AND SOUTHERN PLAINS IS FORCING CATTLE TO THE SALEBARN. THAT'S ACCORDING TO ONE OF THE LARGEST STOCKYARDS IN THE COUNTRY. THE OKLAHOMA NATIONAL STOCKYARDS SAYS IT SOLD 13-THOUSAND HEAD OF CATTLE THIS WEEK. THAT'S 50% HIGHER THAN WHAT IT NORMALLY SEES THIS TIME OF YEAR. STOCKYARD LEADERSHIP SAYS WHAT'S CAUSING THE SURGE IS THE ON GOING DROUGHT. CATTLEMEN ARE HAVING TROUBLE BUYING HAY AND FEED TO KEEP COWS AT HOME. SO FAR THIS YEAR, BEEF COW SLAUGHTER IN DROUGHT STATES HAS INCREASED NEARLY 12%.

BEEF FORAGE:
IN MUCH DIFFERENT SITUATION...IN TENNESSEE BEEF CATTLE FARMING IS BIG BUSINESS. RESEARCHERS AT UT ARE LOOKING FOR THE BEST FORAGE FOR CATTLE SO RANCHERS CAN PRODUCE HIGH QUALITY BEEF. IN THIS REPORT PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE, CHUCK DENNEY SAYS THE GOAL IS TO GROW QUALITY HAY IN THE HOT, DRY MONTHS OF SUMMER. YOU CAN GET MANY MORE UPDATES ON THE BEEF INDUSTRY, INCLUDING MARKET AND PRODUCTION INFORMATION FROM OUR PARTNERS AT WWW.BEEFTODAY.COM.

CORN COLLEGE:
BECAUSE OF THE POSITIVE RESPONSE ASSOCIATED WITH FARM JOURNAL'S CORN COLLEGE, THERE'S A NEW COURSE AVAILABLE THIS YEAR. I GUESS IT'S ONLY APPROPRIATE TO CALL THIS ONE SIMPLY - SOYBEAN COLLEGE. FARM JOURNAL ASSOCIATE FIELD AGRONOMIST MISSY BAUER WILL LEAD THIS SESSION. SOYBEAN COLLEGE WILL PLACE A HEAVY EMPHASIS ON IN-THE-FIELD BREAKOUT SESSIONS AND DIAGNOSTICS. IT WILL TEACH PRODUCERS THE "SYSTEMS APPROACH" TO SOYBEAN PRODUCTION. LEADING ONE OF THE BREAKOUT SESSIONS IS WORLD RECORD HOLDER KIP CULLERS. CULLERS HIT 160-BUSHELS AN ACRE ON HIS TEST PLOTS. SOYBEAN COLLEGE IS ALSO AT A DIFFERENT CAMPUS. IT WILL BE HELD IN COLDWATER, MICHIGAN, THE SITE OF MISSY'S FACILITIES. IT'S SCHEDULED FOR AUGUST FIRST AND SECOND. SPACES ARE STILL AVAILABLE. GO TO www.agweb.com AND CLICK ON FARM JOURNAL CORN COLLEGE AT THE BOTTOM OF THE PAGE.

ANALYSIS:
RICHARD BROCK

IN THE COUNTRY; CHEF IN SCHOOL:
SCHOOLS OUT BUT PLANNING IS ALREADY UNDERWAY FOR NEXT YEAR.
IN WISCONSIN ONE PROGRAM IS SURE TO GET A RENEWAL. IN MOUNT HOREB, WISCONSIN CHEFS ARE HEADING TO CLASS TO TEACH STUDENTS HOW TO CREATE HEALTHY SNACKS AS PART OF IT'S FARM TO SCHOOL PROGRAM. IN THIS SEGMENT FROM THE WISCONSIN MILK MARKETING BOARD, WE HEAD INTO THE CLASSROOM TO SEE WHAT THEY'RE COOKING UP. THANKS FOR THAT STORY. THE MOUNT HOREB AREA SCHOOL DISTRICT HAS BEEN PURCHASING FRUITS AND VEGETABLES DIRECTLY FROM AREA FARMERS SINCE 2005. UP NEXT, AN UPTICK IN THE RESTAURANT BUSINESS. FOOD AND YOUR FAMILY... AFTER THE BREAK.

RESTAURANT VISITS:
GOOD NEWS FOR THE RESTAURANT BUSINESS. THE NUMBER OF FAMILIES MAKING TRIPS TO RESTAURANTS FOR DINNER IS SLOWLY TICKING UP. IN FOOD AND YOUR FAMILY THIS MORNING, TRAFFIC TO FOOD ESTABLISHMENTS HAS INCREASED EACH OF THE LAST THREE QUARTERS. THIS COMES FROM THE MARKET RESEARCH FIRM--NPD GROUP. THEY SAY AFTER SEVERAL YEARS OF DECLINES, SUPPER VISITS INCREASED 2 AND 1% IN QUARTERS 3 AND 4 OF 2010. AND VISITS WERE 2% HIGHER IN THE FIRST QUARTER OF THIS YEAR. A MAJORITY OF THOSE INCREASES WERE TO QUICK SERVICE RESTAURANTS. RESEARCHERS BELIEVE LESS UNEMPLOYMENT, HIGHER CONSUMER CONFIDENCE AND HIGHER HOME-FOOD PRICES ARE ENCOURANGING PEOPLE TO EAT OUT.

SODA TAX:
AND NEW RESEARCH SAYS TAXING SODA OR SUGAR-SWEETENED DRINKS WON'T WORK TO REDUCE OBESITY. IT'S AN IDEA THAT'S BEING THROWN AROUND IN POLICY CIRCLES ACROSS THE COUNTRY. THE SCIENTIST FROM NORTHWESTERN SAYS A TAX ON THESE SUGAR SWEETENED DRINKS WON'T FORCE OBESE AMERICANS TO DRINK LESS--HE FOUND MOST OF THEM ALREADY PREFER DIET SODA. HE DID ACKNOWLEDGE THAT KIND OF TAX MIGHT HELP PREVENT OBESITY IN NORMAL OR OVERWEIGHT PEOPLE OVER TIME.

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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