Good morning I’m Tyne Morgan, in for Clinton Griffiths. President Obama is pledging to help in the fight against world hunger by providing tools and technology to African farmers.
CATTLE ON FEED:
In other news this Monday morning - the cattle on feed report shows how improving pastures is keeping fewer herds out of feed-lots. USDA's data on Friday put total placements down 15% from a year ago. Analysts were expecting a 12% drop. Placements in feedlots totaled 1.5 million.
Meanwhile, cattle and calves on feed for slaughter totaled eleven million head as of May 1st, a 1% year-over-year decline.
Meanwhile, the monthly milk report from USDA shows a continuing rise in production. Taking into account the top 23 milk states, there was a 3.3% gain in milk production in April, compared to the same month last year. All states saw an increase, except Pennsylvania with a one point decline. Production per cow is 40 pounds above April 2011.
OKLAHOMA WHEAT HARVEST:
In the Great Plains the hot, windy harvest days are back in southwest Oklahoma, according to the Oklahoma wheat commission.
There's no doubt farmers across the US were hurt by the roller-coaster weather in 2011. Even though last year still weighs on the minds of two greenhouse owners, 2012 is blossoming into one for the records.
TRADING HOURS UPDATE:
In agribusiness today the Chicago board of trade and the Minneapolis grain exchange say they received approval from CFTC to expand their trading hours. Their trading hours will be from 5pm to 2pm from Sunday night to Friday afternoon. Daily settlements will continue to be based on market activity around 1:15pm central time each day.
Last week private exporters reported to USDA export sales of 900,000 metric tons of corn for delivery to China. About a quarter of the order is for this marketing year. The balance is for 2012-13 marketing year. In this morning's analysis, farm director Al Pell looks at china's demand for US grain.
Time is nearly out if you hope to win a brand new side-by-side utility vehicle from us.
In the early part of the 20th century, counties across America were hiring agriculture specialists to help farmers who had some kind of crop or livestock problem. They became commonly known as county agents. These agents would bring the latest information and research from the state's land-grant schools and bring it out to the farm. In parts of North Dakota, the county agent is becoming a disappearing breed. But there is a program out there to help fill the seats. Nick Dreyer from AgDay affiliate KMOT-TV has our story
Consumers looking for heart healthy foods should turn to oats, and thanks to researchers at the University of Wisconsin-Madison, the cereal grain could be even healthier in the future.
BARGE FOR CANCER:
If you see a large pink barge going down the mighty Mississippi, no, it's not a prank. It’s actually a barge pushing through the water for a good cause.