AgDay Daily Recap - May 18, 2011

May 18, 2011 05:02 AM
 

TODAY ON AGDAY:
MAY 18, 2011

COTTON PLANTING:
GOOD MORNING. COTTON PRICES SURGED TO HISTORIC HIGHS IN MARCH--UP OVER TWO DOLLARS PER POUND. SINCE THEN IT'S BEEN A STEADY RETREAT AS WORLD PRODUCTION IS FORCAST TO HIT A RECORD--NEARLY 125 MILLION BALES. WORLD ENDING STOCKS ARE ALSO EXPECTED TO RISE. TUESDAY COTTON TRADED IN THE DOLLAR FIFTY RANGE AS GROWERS ACROSS THE SOUTH AND SOUTHWEST WORK TO GET THE CROP IN THE GROUND. INSPITE OF A NEAR 25% DECLINE IN FUTURES PRICE SINCE HITTING HIGHS EARLIER THIS YEAR...ANALYSTS EXPECT STRONG DEMAND FOR COTTON WILL PUSH THE NEW-CROP ANNUAL AVERAGE PRICE TO A "NEW" RECORD HIGH....EVEN WITH THE ANTICIPATED RECORD-HIGH GLOBAL PRODUCTION. A VARIETY OF WEATHER CHALLENGES ARE FACING SOUTHERN GROWERS THIS SPRING, YET, COTTON PLANTING IS NEARLY ON PACE WITH THE FIVE YEAR AVERAGE. OVERALL, 42% OF THE CROP IS NOW PLANTED IN THE COTTON BELT. THE AVERAGE IS 44%. STATE BY STATE, TEXAS HAS 36% PLANTED. IN GEORGIA, IT'S 38% AND IN MISSISSIPPI A LITTLE MORE THAN HALF IS IN THE GROUND. ARKANSAS HAS 47% PLANTED. OF COURSE, THE BIG QUESTION IS HOW MUCH WAS IMPACTED BY FLOODING OF THE MISSISSIPPI RIVER AND ITS TRIBUTARIES. THE ARKANSAS FARM BUREAU IS PROJECTING 66-MILLION DOLLAR LOSSES IN YIELD ALONE.

LOUISISANA COTTON:
IN LOUISIANA, 90% IS PLANTED. THAT'S TEN POINTS AHEAD OF THE FIVE YEAR AVERAGE. GOOD WEATHER HELPED FARMERS GET AN EARLY START. TOBIE BLANCHARD HAS DETAILS IN THIS REPORT FROM THE LSU AGCENTER.

NCC TURKEY:
ELEVEN TEXTILE INDUSTRY LEADERS FROM TURKEY WRAPPED-UP A TOUR OF THE U.S. COTTON BELT TUESDAY. IT WAS PART OF A COTTON USA SPECIAL TRADE MISSION. AS PART OF THE TOUR OF THE U.S. COTTON INDUSTRY, THE GROUP TOURED THE HEADQUARTERS OF THE NATIONAL COTTON COUNCIL IN MEMPHIS. THAT'S WHERE THE COUNCIL'S EXPORT PROMOTIONS WING IS ALSO LOCATED. THE TRIP IS DESIGNED TO BUILD TRADING TIES BETWEEN THE U.S. COTTON INDUSTRY AND TEXTILE INDUSTRY LEADERS FROM KEY TURKISH MILLS. THE ELEVEN MILLS REPRESENTED ON THE TRADE MISSION ARE IMPORTANT CUSTOMERS OF U.S. COTTON. THE GROUP CONSUMES A TOTAL OF OVER 570,000 BALES. THREE QUARTERS OF THAT COTTON IS FROM U.S. TURKEY IS THE WORLD'S FOURTH LARGEST COTTON CONSUMER AND THE WORLD'S THIRD LARGEST IMPORTER OF COTTON. IT'S ALSO THE SECOND LARGEST USER OF U.S. COTTON.

MACHINERY MINUTE; MASTITIS TOOL:
IN MACHINERY MINUTE A UNIVERSITY OF KENTUCKY RESEARCHER HAS DEVELOPED A TOOL TO HELP DAIRY PRODUCERS DETERMINE HOW MUCH MASTITIS IS COSTING THEM. THIS NEW MILK QUALITY DASHBOARD CALCULATOR WAS DESIGNED BY JEFF BEWLEY AT THE UNIVERSITY OF KENTUCKY. HERE'S HOW IT WOULD WORK. IF YOUR SOMATIC CELL GOAL IS 200,000 BUT YOUR HERD IS CURRENTLY AT 350,000, THE DASHBOARD CALCULATES A MONTHLY MILK LOSS OF ABOUT 3,600 DOLLARS BASED ON 15-DOLLARS PER HUNDREDWEIGHT. AN ANNUAL LOSS WOULD BE $44,000. YOU CAN READ MORE ABOUT IT AT WWW.DAIRYTODAY.COM .

CME RECORD REVENUE:
IN AGRIBUSINESS THE CHICAGO MERCANTILE EXCHANGE SAYS IT MADE RECORD REVENUE IN THE FIRST QUARTER OF THIS YEAR. PROFITS AT THE TRADING GIANT WERE UP 22% OVER THE FIRST QUARTER LAST YEAR. CME SAYS AG TRADING AVERAGED MORE THAN ONE MILLION CONTRACTS PER DAY UP NEARLY 50% FROM A YEAR AGO. LEADING THE MASSIVE JUMP, HIGHER CORN, CATTLE AND OTHER AG COMMODITITES.

EPA WARNS FEEDLOTS:
AND SEVERAL MIDWESTERN FEEDLOTS GOT A WARNING FROM THE EPA.
EPA'S REGION SEVEN--WHICH INCLUDES NEBRASKA, IOWA, MISSOURI AND KANSAS--ISSUED COMPLIANCE ORDERS TO SEVEN FEEDLOTS DIRECTING THEM TO FIX A VARIETY OF PROBLEMS. THE EPA SAYS THEY'RE IN VIOLATION OF THE CLEAN WATER ACT. THE VIOLATIONS RANGE FROM LAGOONS THAT ARE TOO SMALL TO PAPERWORK AND PERMIT PROBLEMS TO ALLEGED IMPROPER WASTE DISCHARGE. THE EPA SAYS ENFORCING FEEDLOT PERMITS WILL MEAN CLEANER WATER AND LIKELY FEWER ENFORCEMENT ACTIONS IN THE FUTURE.

ANALYSIS:
ALAN KEMPER

IN THE COUNTY; WELDING U:
SCHOOL IS WINDING DOWN FOR THE YEAR--KIDS AND TEACHERS ARE PACKING UP AND PREPARING FOR SUMMER VACCATION. BUT FOR A LUCKY CHOSEN FEW--A TRIP TO CLASS AND A CHANCE TO LEARN--IS A PERK THEY'LL GLADDLY TAKE OVER MORE FREE TIME. TODAY WE VISIT A UNIVERSITY--WHERE THREE FARMERS, CHOSEN FROM A POOL OF 770 ENTRIES, GOT LESSON IN THE HOT ARTS OF WELDING. IT'S A TRIP TO APPLETON WISCONSIN FOR A VISIT TO WELDING U. GOOD DEAL. AND YOU CAN READ MORE ABOUT WELDING UNIVERSITY IN THE FALL ISSUE OF FARM JOURNAL MAGAZINE. UP NEXT...WISCONSIN TAKES A STAND FOR CHOCOLATE MILK AND WE TAKE A TRIP TO HISTORIC CHEESE OUTLET.

WIS CHOCOLATE MILK:
IN FOOD AND YOUR FAMILY CHOCOLATE AND FLAVORED MILK SERVED IN SCHOOL LUNCH ROOMS HAS BEEN UNDER ATTACK AS OF LATE. BUT THE WISCONSIN DAIRY COUNCIL IS REMINDING PEOPLE THE USDA IS NOT BANNING THE KID FAVORITE...ALTHOUGH SOME SCHOOL DISTRICTS HAVE...AND OTHERS ARE CONSIDERING IT. LAURA WILFORD OF THE WISCONSIN DAIRY COUNCIL SAYS THE LATEST SCHOOL LUNCH AND BREAKFAST GUIDELINES FROM THE USDA SPECIFICALLY INCLUDE CHOCOLATE MILK. BUT IT REQUIRES DISTRICTS PROVIDE TWO LOW FAT OR FAT FREE VERSIONS. SHE SAYS MANY SCHOOLS ALREADY OFFER IT THAT WAY. CHOCOLATE AND FLAVORED MILK HAS BEEN A TARGET OF SOME GROUPS BECAUSE OF THE ADDED CALORIES AND SUGAR. SUPPORTERS SAY IT STILL PROVIDES A LOT OF IMPORTANT NUTRIENTS AND KIDS DRINK MORE MILK IF IT'S FLAVORED. AS WE FIRST REPORTED LAST WEEK, THE LOS ANGELES SCHOOL DISTRICT IS CONSIDERING A BAN ON CHOCOLATE MILK IN THEIR SCHOOL CAFETERIAS.

CONTACT PAGE:
WE'D LIKE TO HEAR FROM YOU ABOUT PROPOSED BANS ON CHOCOLATE MILK. YOU CAN CALL US AT 800-792-4329. OR DROP AN EMAIL TO INBOX@AGDAY.COM . WE'LL ALSO CARRY THE CONVERSATION ON OUR FACEBOOK PAGE.

CHEESE CASTLE:
AND FINALLY THIS MORNING, IF YOUR SUMMER TRAVELS TAKE YOU TO WISCONSIN, DON'T FORGET TO STOP BY THE MARS CHEESE CASTLE. FOR GENERATIONS, TRAVELERS HEADING NORTH FROM CHICAGO OR SOUTH OUT OF WISCONSIN ON INTERSTATE 94 HAVE STOPPED BY THE ICONIC STORE. IT WAS GREAT PLACE TO GET WISCONSIN CHEESES AND OTHER COLLECTIBLES FROM THE DAIRY STATE. BUT EVEN THOUGH IT WAS CALLED A "CASTLE"...IT DIDN'T REALLY LOOK LIKE ONE - - UNTIL NOW. THE OWNERS RECENTLY RE-OPENED ITS DOORS ON A NEW STORE, JUST FEET-AWAY FROM THE OLD STORE. SO, YOU WON'T FIND A MOAT, BUT YOU WILL FIND INSIDE THE CASTLE A DELI, CHEESE CASE, A BAKERY AND A TURRET STOCKED WITH WISCONSIN WINE. BY THE WAY, THE NAME "MARS" HAS NOTHING TO DO WITH THE PLANET. INSTEAD, THAT WAS THE NICKNAME OF THE ORIGINAL OWNER, MARIO VENTURA SENIOR.

 

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