AgDay Daily Recap - March 16, 2011

March 16, 2011 02:42 AM
 

TODAY ON AGDAY:
MARCH 16, 2011

MCCONNELL FTA
GOOD MORNING, REPUBLICANS IN THE SENATE ARE GETTING TOUGH ON TRADE.
U.S. SENATOR MITCH MCCONNELL LED 43 OF HIS PARTY MATES IN VOWING TO BLOCK PRESIDENT BARACK OBAMA'S SECRETARY AND TRADE NOMINEES UNTIL CONGRESS IS HANDED COMPLETED FREE TRADE AGREEMENTS WITH SOUTH KOREA, COLUMBIA AND PANAMA. THE REPUBLICANS ARE UGING THE OBAMA ADMINISTRATION TO SUBMIT ALL THREE TRADE DEALS TOGETHER. USDA SECRETARY TOM VILSACK SAID LAST WEEK HE EXPECTS THE SOUTH KOREAN DEAL TO BE SENT TO CONGRESS IN THE NEXT FEW WEEKS...BUT ADDED MORE WORK NEEDS TO BE DONE ON THE COLUMBIAN AND PANAMA DEALS. IN A HEARING BEFORE THE SENATE APPROPRIATIONS SUBCOMMITTEE, SECRETARY VILSACK STRESSED THE IMPORTANCE OF QUICKLY PASSING THE F-T-A.

VILSACK TRADE
THE ADMINISTRATION IS CURRENTLY NEGOTIATING WITH COLUMBIA ON LABOR PROTECTION AND WITH PANAMA ON TAX LAW CHANGES. 43 OF 47 REPUBLICAN SENATORS SENT A SIGNED LETTER TO LEADER HARRY REID STATING THEY WILL NOT MOVE FORWARD WITH ANY NOMINATIONS FOR SECRETARY OF COMMERCE OR TRADE-RELATED POSITIONS UNTIL THESE FTA'S ARE SENT TO CONGRESS. THE OBAMA ADMINSTRATION SAYS IT WANTS THE SOUTH KOREAN DEAL SIGNED BEFORE JULY FIRST WHEN A KOREAN PACT WITH THE E-U TAKES EFFECT.

JAPAN MARKETS MILK
THE FUTURE OF US TRADE TO JAPAN SHOOK COMMODITY MARKETS TUESDAY.
GRAIN MARKETS ACROSS THE BOARD TOOK A DIVE ON FEARS THE SITUATION IN JAPAN CONTINUES TO WORSEN. LIVESTOCK MARKETS ALSO FELL. LIVE CATTLE FUTURES WERE LIMIT DOWN FOR THE SESSION WHILE PORK WASN'T FAR BEHIND.

PORK FEED
DESPITE THE DROP IN CORN PRICES ON TUESDAY, PORK PRODUCERS FROM CANADA TO MEXICO ARE EXPRESSING CONCERN ABOUT THE OVERALL RISE IN FEED COSTS. THE NATIONAL PORK PRODUCERS COUNCIL WAS JOINED BY ITS COUNTERPARTS IN CANADA AND MEXICO URGING THEIR RESPECTIVE GOVERNMENTS TO ADDRESS THE ISSUE OF FEED AVAILABILITY. THE THREE GROUPS SAY THEY'RE WORRIED ABOUT THE ABILITY TO FEED THEIR ANIMALS IN THE EVENT OF A DROUGHT OR CROP DISEASE THAT COULD IMPACT FEED GRAIN SUPPLIES. AS WE'VE BEEN REPORTING, THE CORN CARRYOVER STOCKS ARE AT THEIR LOWEST LEVELS IN 15 YEARS. LEADERS OF THE PORK GROUPS ARE ASKING THE AGRICULTURE MINISTERS AND SECRETARIES TO MEET AND ADDRESS THIS ISSUE.

WHEAT CONDITION
THERE'S BEEN A SLIGHT IMPROVEMENT IN THE CONDITION OF THE WINTER WHEAT CROP. RAIN LAST WEEK PROVIDED SOME RELIEF, BUT MORE IS NEEDED. IN OKLAHOMA, 28-PERCENT IS CALLED GOOD TO EXCELLENT. THAT'S A SIX POINT IMPROVEMENT OVER LAST WEEK. IN KANSAS, 26-PERCENT IS RATED GOOD OR BETTER, UP A POINT. MEANWHILE IN TEXAS, WINTER WHEAT CONDITIONS REMAIN STEADY WITH 18-PERCENT GOOD OR EXCELLENT. 56-PERCENT IS RATED POOR TO VERY POOR. PLANTING-WISE, ABOUT A THIRD OF THE CORN CROP IS IN.

CROP WATCH
TEXAS ISN'T THE ONLY DRY SPOT. FLORIDA IS HAVING PROBLEMS. MIKE HOFFMAN HAS DETAILS IN CROP WATCH. DRY CONDITIONS ARE COMMON THROUGH-OUT THE SUNSHINE STATE. ACCORDING TO THE U.S. DROUGHT MONITOR, DROUGHT CONDITIONS ARE PRESENT IN OVER 85 PERCENT OF FLORIDA AND THEY'RE EXTREME ALONG THE EASTERN COAST. MOST OF THE PASTURE STATEWIDE IS IN POOR TO FAIR CONDITION. "NASS" SAYS GROWTH OF PERENNIAL GRASS GROWTH WAS INSUFFICIENT TO SUPPORT CATTLE DUE TO COLD TEMPERATURES. IN GEORGIA, CORN PLANTING IS JUST NOW GETTING UNDERWAY. THE STATE NASS OFFICE SAYS TWO PERCENT IS IN THE GROUND. GROUND MOISTURE IS IN GOOD SHAPE. NASS SAYS 80-PERCENT OF THE STATE HAS ADEQUATE TO SURPLUS TOPSOIL MOISTURE. AND WE'D LIKE TO HEAR FROM YOU, AS FIELD WORK GETS UNDERWAY. SEND YOUR FIELD CONDITIONS TO INBOX-AT-AGDAY-DOT-COM.>

MACHINERY MINUTE: NEW HOLLAND SKID STEER
IN MACHINERY MINUTE, NEW HOLLAND UNVEILED NEW WORK-HORSES AT THE NATIONAL FARM MACHINERY SHOW, INCLUDING THEIR 200 SERIES SKID STEERS AND COMPACT TRACK LOADERS. DURING THE MACHINERY SHOW, NEW HOLLAND INTRODUCED VISITORS AND THE MEDIA TO THIS NEW LINE OF SKID STEERS AND COMPACT TRACK LOADERS. THE ANIMATION SHOWS THE 'SUPER BOOM' LIFT IN ACTION. THE COMPANY SAYS THE LOADER ARM PROVIDES EXTENDED LIFT AND REACH. FARM JOURNAL'S MARGY FISCHER TALKED WITH A MARKETING MANGER FOR NEW HOLLAND CONSTRUCTION. AS PART OF THE ROLL-OUT, NEW HOLLAND IS HOSTING A ROAD SHOW WITH DEALERS ACROSS THE U-S AND CANADA. LEARN MORE AT NEW-HOLLAND-DOT-COM.

COMMODITY CLASSIC ATTENDANCE
AS PART OF THE ROLL-OUT, NEW HOLLAND IS HOSTING A ROAD SHOW WITH DEALERS ACROSS THE U-S AND CANADA. LEARN MORE AT NEW-HOLLAND-DOT-COM. THE 2011 COMMODITY CLASSIC HAD A RECORD TURNOUT JUST SHY OF 5-THOUSAND PEOPLE. OVER HALF OF THOSE WERE FARM FAMILIES AND FIRST TIME ATTENDENCE SHOT UP 80 PERCENT. COMMODITY CLASSIC IS PUT ON THE NATIONAL CORN GROWERS ASSOCIATION, THE AMERICAN SOYBEAN ASSOCIATION, THE NATIONAL ASSOCIATION OF WHEAT GROWERS AND THE NATIONAL SORGHUM PRODUCERS.  COMMODITY CLASSIC 2012 WILL BE HELD NEXT MARCH IN NASHVILLE, TENN.

ITC: COLD CALVING
FRIGID TEMPERATURES AND THE THREAT OF BLIZZARDS FORCE A MAJORITY OF NORTH DAKOTA'S RANCHERS TO DELAY THE START OF CALVING UNTIL EARLY APRIL. BUT ONE OF THE STATE'S CATTLE PRODUCERS DELIVERED HIS FIRST CALF BACK IN JANUARY AND HE EXPECTS ALL OF HIS NEWBORNS TO BE ON THE GROUND BY THE END OF THE MARCH. CLIFF NAYLOR FROM AFFILIATE KFYR EXPLAINS WHY A FARMER WOULD CHOOSE TO START THE BIRTHING PROCESS IN THE MIDDLE OF A NORTH DAKOTA WINTER.

FOOD & YOUR FAMILY: BOTTLE WARS
LET THE BOTTLE WARS BEGIN. IN FOOD AND YOUR FAMILY PEPSI-CO SAYS IT IS COMING OUT WITH A NEW BOTTLE MADE ENTIRELY FROM PLANTS. WE TOLD YOU A COUPLE WEEKS AGO ABOUT PLANS HEINZ KETCHUP AND COCA-COLA HAVE FOR A PLANT BASED BOTTLE. PEPSI SAYS, THAT UNLIKE THE COKE BOTTLE THEIRS WILL BE 100 PERCENT PLANT BASED...COKE'S IS ONLY 30 PERCENT. THEY PLAN TO MAKE IT FROM SWITCH GRASS, PINE BARK AND CORN HUSKS. THEY SAY THE NEW CONTAINER WILL LOOK AND WORK JUST LIKE THE ORIGINAL PETROLEUM BASED BOTTLE. PEPSI HOPES TO EVENTUALLY INCORPORATE WASTE BIPRODUCTS LIKE ORANGE AND POTATO PEELS, OAT HULLS AND OTHER LEFT OVERS FROM ITS TROPICANA AND QUAKER OPERATIONS. THE NEW BOTTLES SHOULD START HITTING THE SHELVES IN 2012.

FOOD & YOUR FAMILY: WALMART STORES
AND RETAIL GIANT WALMART PLANS TO START SHRINKING ITS STORES.
WALMART SAYS IT PLANS TO ADD HUNDREDS OF SMALLER STORES ACROSS THE U.S. IN THE NEXT THREE YEARS. THE COMPANY IS TRYING TO REVIVE SAGGING SALES FIGURES. MANY OF THESE PINT-SIZED SUPER CENTERS WILL FALL INTO THE NEIGHBORHOOD MARKET FORMAT. WALMART PLANS THE STORES TO FEATURE FRESH FOODS, GROCERIES, AND LIMITED SELECTION OF GENERAL MERCHANDISE. MANY OF THESE SMALLESTORES WILL GO INTO URBAN AREAS. WALMART EXPECTS TO OPEN ABOUT 40 OF THESE SHOPS IN 2011.


 

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