AgDay Daily Recap - May 19, 2011

May 19, 2011 06:01 AM
 

TODAY ON AGDAY:
MAY 19, 2011

OKLAHOMA WHEAT HARVEST:
GOOD MORNING. COMBINES ARE ROLLING IN PARTS OF TEXAS AND SOUTHERN OKLAHOMA. WINTER WHEAT HARVEST IS GETTING AN EARLIER START THIS YEAR, AFTER SEVERE DROUGHT AND HOT DRY WEATHER SPED UP AN ALREADY DISMAL SEASON. IN OKLAHOMA, STATE WHEAT GROWERS SAY IT'S UNUSUAL TO START HARVEST IN MID-MAY.  COMBINES DON'T TYPICALLY ROLL UNTIL THE LAST WEEK OF THE MONTH OR THE FIRST OF JUNE. HISTORICALLY DRY CONDITIONS AREN'T HELPING YIELDS EITHER. SO FAR, FARMERS ARE HAULING IN CROPS WITH YIELDS BETWEEN 10-20 BUSHELS AN ACRE...MOSTLY IN THE MID TO LOW TEENS. SCHULTE ALSO SAYS MOISTURE, TEST WEIGHTS AND PROTEIN ARE BETTER THAN EXPECTED. NEAR EIGHT DOLLAR PER BUSHEL WHEAT IS INFLUENCING SOME PRODUCER DECISIONS...EVEN WITH POOR YIELDS HIGHER PRICES ARE HELPING COVER COSTS. HOWEVER, MANY FARMERS IN THE LAST FEW WEEKS HAVE OPTED TO ABANDON ELEVATOR PAYOUTS FOR INSURANCE CHECKS. SCHULTE EXPECTS FIELD ABANDONMENT TO BE HIGHER THAN PREDICTED. YOU CAN SEE MORE ON OKLAHOMA WHEAT HARVEST THIS WEEKEND ON OKLAHOMA STATE'S SUNUP TV SHOW. WWW.SUNUP.OKSTATE.EDU .

BEEF TODAY GRAZING CONDITIONS:
OUR BEEF TODAY REPORT CONTINUES TO LOOK AT THE DRY CONDITIONS...AND ITS IMPACT ON GRAZING LANDS. WHILE MOST OF THE COUNTRY LOOKS IN GOOD SHAPE, CONTINUED DROUGHT IN TEXAS, NEW MEXICO, ARIZONA, COLORADO AND OKLAHOMA IS KEEPING PASTURES IN POOR TO VERY POOR CONDITION. USDA REPORTED 80% OF NEW MEXICO GRAZING IS POOR TO VERY POOR. THREE-QUARTERS OF THE PASTURES IN TEXAS ARE POOR TO VERY POOR.

KANSAS TEXAS CRP:
AND IN PARTS OF TEXAS AND KANSAS, DROUGHT HAS DECIMATED PASTURES SO HEAVILY THE USDA IS ALLOWING EMERGENCY GRAZING OF CONSERVATION RESERVE PROGRAM ACREAGE. IN KANSAS 12 WESTERN COUNTIES HAVE BEEN AUTHORIZED FOR GRAZING...27 COUNTIES IN TEXAS. CURRENT CRP EMERGENCY USE ALLOWS FOR GRAZING ONLY. IT ALSO MEANS A 25% CRP PAYMENT REDUCTION FOR THOSE CRP ACRES USED FOR GRAZING.

BT KOREA SALES:
WHILE MARKET PRICES HAVE SLUMPED IN THE LAST MONTH ON EASING U.S. CONSUMER DEMAND--EXPORT SALES OF BEEF ARE SETTING RECORDS. THE VALUE OF EXPORTED U.S. BEEF IS UP 65% OVER LAST YEAR. 15% OF ALL U.S. PRODUCTION IS NOW BEING EXPORTED...UP 32% IN VOLUME IN THE FIRST THREE MONTHS OF THE YEAR. SOUTH KOREA IS LEADING THE WAY. FIRST QUARTER EXPORTS TO THAT COUNTRY ARE UP 181% OVER 2010. THAT PUTS IT JUST BEHIND MEXICO AS THE TOP EXPORT COUNTRY FOR U.S. BEEF. YOU CAN GET MANY MORE UPDATES ON THE BEEF INDUSTRY, INCLUDING MARKET AND PRODUCTION INFORMATION FROM OUR PARTNERS AT WWW.BEEFTODAY.COM .

FTA LABOR ISSUE:
THE INDUSTRY EXPECTS BEEF EXPORTS TO SOUTH KOREA TO GET EVEN HIGHER ONCE A FREE TRADE AGREEMENT IS SIGNED. IT'S ONE OF THREE FREE TRADE AGREEMENTS WAITING FOR APPROVAL...THE OTHERS ARE PANAMA AND COLUMBIA. CONGRESS IS WAITING FOR THE OBAMA ADMINISTRATION TO SEND THEM THE DEALS FOR APPROVAL. NOW OFFICIALS SAY THEY WON'T FORWARD THE AGREEMENTS ON UNLESS HOUSE REPUBLICANS AGREE TO ROBUST TRAINING AND BENEFITS FOR POTENTIALLY DISPLACED U.S. WORKERS. REPUBLICANS SAY THEY'RE CONFIDENT A DEAL CAN BE WORKED OUT.

TOP PRODUCER SEMINAR:
WHILE YOU MAY BE FOCUSED ON GETTING THIS YEARS CROPS PLANTED, YOU DON'T WANT TO MISS AN OPPORTUNITY TO IMPROVE ON THE BUSINESS-SIDE OF YOUR OPERATION. AND WE HAVE JUST THE PLACE TO DO IT. OUR PARTNERS AT TOP PRODUCER MAGAZINE ARE HOSTING ONE OF THEIR VERY POPULAR TOP PRODUCER SEMINARS! THEY'VE ORGANIZED A MID-YEAR TUNE-UP TO HELP YOU HONE YOUR FARM BUSINESS SKILLS. THE TWO DAY SESSION COVERS A WIDE-RANGE OF TOPICS. THE TOP PRODUCER SUMMER SEMINAR IS SET FOR JUNE 7TH AND 8TH IN BETTENDORF, IOWA. THAT'S RIGHT ALONG THE MISSISSIPPI RIVER. IF YOU WOULD LIKE MORE INFORMATION OR TO REGISTER, GO TO www.agweb.com AND CLICK ON THE "TOP PRODUCER" TAB. YOU CAN ALSO CALL 515-832-1436.

DEERE EARNINGS:
IN AGRIBUSINESS THE GREEN GIANT--DEERE AND COMPANY SAYS SECOND QUARTER PROFITS SKYROCKETED 65% HIGHER. IT'S CITING STRONG DEMAND FOR IT AG EQUIPMENTS IN THE U.S., CANADA AND BRAZIL. DEERE SAYS REVENUE GREW 25% OVER LAST YEAR NEARING THE 9 BILLION MARK. THE COMPANY HAD PREDICTED GROWTH JUST BELOW THAT.

ETHANOL OUTPUT:
U.S. ETHANOL OUTPUT IS ALSO UP. IN THE LATEST REPORT FROM THE ENERGY DEPARTMENT, ETHANOL OUTPUT INCREASED ABOUT 4.5% TO 900,000 BARRELS A DAY. GASOLINE BLENDED WITH ETHANOL IS ALSO UP ABOUT 4.5%. U.S. STOCKPILES OF THE BIO-FUEL ARE DOWN SLIGHTLY.

ANALYSIS:
ROBB FRALEY

AG CAREERS:
WHILE UNEMPLOYMENT STILL HOVERS AROUND NINE PERCENT, THE JOB MARKET OUTLOOK IS A BIT MORE PROMISING FOR COLLEGE GRADUATES, ESPECIALLY THOSE WITH AN AGRICULTURE-RELATED DEGREE. WWW.AGCAREERS.COM RECENTLY PUBLISHED THE 2010 U.S. AGRIBUSINESS JOB REPORT. IT FOUND THAT JOB POSTINGS WERE UP SIGNIFICANTLY FROM THE PREVIOUS YEAR. THE JOB-SEARCH FIRM SAYS THAT IMPROVEMENT DEMONSTRATES THE STRENGTH OF THE AGRICULTURE INDUSTRY, EVEN WHILE THE REST OF THE ECONOMY STRUGGLES. THE NUMBER OF JOBS POSTED IN NORTH AMERICA GREW BY 23%....THE HIGHEST NUMBER OF AVAILABLE JOBS WERE IN THE MIDWEST. PURDUE AG ECONOMIST AND PROFESSOR CHRIS HURT SAYS JOB PLACEMENT FOR AG STUDENTS IS AROUND 90%! THE JOBS COVERED MANY ASPECTS OF AG, INCLUDING AGRONOMY, BIOTECHNOLOGY AND EQUIPMENT. THE SPECIFIC JOBS RANGED FROM MARKETING TO PRODUCTION.

IN THE COUNTRY; KENTUCKY FOOD PROGRAM:
WHETHER IT'S MEALS ON WHEELS, CHURCHES OR A LOCAL FOODBANK--HELPING FEED THE ELDERLY IS PART OF AMERICA'S COMMUNITY SUPPORT SYSTEM. IN KENTUCKY THERE'S A PROGRAM AT "GOD'S PANTRY" FOODBANK THAT PROVIDES QUALIFYING SENIORS WITH A MONTHLY FOOD ALLOTMENT. WHEN IT NEARLY DISAPEARED IN ONE EASTERN KENTUCKY COUNTY THE COOPERATIVE EXTENSION SERVICE STEPPED UP TO THE PLATE. JEFF FRANKLIN WITH THE UNIVERISITY OF KENTUCKY HAS THE STORY. THANKS JEFF. JEFF SAYS WITH THE INCREASE IN GAS PRICES..NEIGHBORS ARE HELPING NEIGHBORS BY PICKING UP AND DELIVERING THE FOOD TO SENIORS IN AN EFFORT TO SAVE MONEY. FOOD AND YOUR FAMILY...NEXT.

CATFISH:
IN FOOD AND YOUR FAMILY THE U.S. CATFISH INDUSTRY IS FACING NEW RULES AND REGULATIONS AS A RESULT OF LEGISLATION INCLUDED IN THE 2008 FARM BILL. PART OF THE CHANGES INCLUDE WHICH FEDERAL AGENCY WILL OVERSEE THE INDUSTRY.

BETTER GRAPES:
MEANWHILE, FLORIDA CITRUS GROWERS COULD HAVE AN ALTERNATE CROP TO PLANT THAT DOESN'T MIND HUMIDITY OR COLD TEMPERATURES IN THE WINTER AND MAKES PRETTY GOOD WINE. UNIVERSITY OF FLORIDA RESEARCHERS HAVE INSERTED DISEASE-RESISTANT PROPERTIES INTO THOMPSON SEEDLESS GRAPES. FLORIDA'S WET CLIMATE'S TYPICALLY PROMOTE DISEASE IN GRAPES, SO THE POPULAR THOMPSON SEEDLESS VARIETIES HAVE NOT BEEN GROWN THERE. SCIENTISTS HAVE BEEN PLEASED WITH THE RESULTS, SO FAR. FLORIDA IS ONE OF THE LARGEST CONSUMERS OF GRAPES. BUT NEARLY ALL OF THEM HAVE TO BE IMPORTED. GRAY SAYS HAVING MORE DISEASE-RESISTANT VARIETIES AVAILABLE COULD CREATE A NEW ECONOMIC OPPORTUNITY FOR FLORIDA FARMERS.

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 .
 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close