AgDay Daily Recap - May 24, 2011

May 24, 2011 04:28 AM
 

TODAY ON AGDAY:
MAY 24, 2011

CROP PROGRESS:
GOOD MORNING. THE LATEST CROP PROGRESS REPORT FROM THE USDA SHOWS BIG GAINS IN THE NATION'S CORN CROP. PERCENT PLANTED JUMPED 16 POINTS WITH 79% NOW IN THE GROUND. THE FIVE YEAR AVERAGE IS 87. BIG GAINS WERE MADE IN NORTH AND SOUTH DAKOTA, MINNESOTA, AND WISCONSIN. WHILE THE BIG CORN STATES OF OHIO AND INDIANA CONTINUE TO STRUGGLE. IN OHIO ONLY 11% OF THE CROP IS PLANTED...THE FIVE YEAR AVERAGE IS 80%. IN CONTRAST--IOWA FARMERS ARE ALL BUT DONE, WITH 98% IN THE GROUND AND THREE QUARTERS OF THE CROP EMERGING. NATIONWIDE LESS THAN HALF OF THE CORN CROP HAS EMERGED AT 45%...NORMALLY IT’S ABOUT 60. FOR THE MOST PART THE NORTHERN CORN BELT IS SITTING AT ABOUT HALF OF THE FIVE YEAR AVERAGE. IN SOYBEANS, 41% OF THE CROP IS NOW IN THE GROUND. THAT'S TEN POINTS OFF THE FIVE YEAR PACE. EVEN SOUTHERN STATES LIKE ARKANSAS KENTUCKY AND TENNESSEE ARE BEHIND SCHEDULE. 12% OF THE NATION'S CROP HAS EMERGED...SLIGHTLY OFF THE AVERAGE. PEANUTS ARE SLIGHTLY AHEAD OF THE FIVE YEAR AVERAGE AT 60% SEEDED. WHILE RICE IS SLIGHTLY BEHIND AT 84%. THE FIVE YEAR AVERAGE THIS TIME OF YEAR FOR RICE IS 90% PLANTED. AND IN COTTON COUNTRY, PLANTING IS JUST FOUR POINTS OFF THE FIVE YEAR AVERAGE. 57% IS IN THE GROUND...A 15 POINT JUMP SINCE LAST WEEK. OKLAHOMA CONTINUES TO STRUGGLE.
ONLY 15% OF STATE'S COTTON CROP IS PLANTED...NORMAL IS NEAR 40.

TEXAS DROUGHT:
PART OF THE REASON BEHIND THE SLOW START IS SEVERE DROUGHT.  WINTER WHEAT --ALREADY IN THE GROUND AND BEING HARVESTED IN SOME PARTS OF OKLAHOMA AND TEXAS-- IS EXPECTED TO SEE YIELDS CUT IN HALF. IN TEXAS THE LATEST PASTURE AND RANGE CONDITIONS SAY ONLY TEN PERCENT OF THAT STATE'S PASTURES AND RANGES ARE IN GOOD TO EXCELLENT CONDITION. IN OKLAHOMA, COLORADO, LOUISIANA AND ARIZONA ITS ABOUT 20% AND IN NEW MEXICO ONLY 1% OF THE STATE'S RANGE IS RATED GOOD TO EXCELLENT...85% IS POOR OR VERY POOR.

DAIRY TODAY MANGANESE:
IN THIS MORNING'S DAIRY TODAY REPORT MANGANESE DEFICIENCY IS SUSPECTED OF CALF FETUS DEFORMITIES BY RESEARCHERS IN MINNESOTA. NOW SCIENTISTS BELIEVE A 75 CENT SUPPLEMENT COULD SOLVE THE PROBLEM. THIS COMES FROM THE MINNESOTA VETERINARY DIAGNOSTIC LAB. THEY SAY 75 CENTS WORTH OF MANGANESE SUPPLEMENT PER COW PER GESTATION APPEARS TO CORRECT THE DEFICIENCY IN DAIRY AND BEEF COWS. NEW RESEARCH SHOWS DAIRY COWS NEED 2 TO 3 TIMES MORE MANGANESE THAN PREVIOUSLY THOUGHT. ALSO CORN BASED FEED IS LOWER IN THE MINERAL THAN GRASS OR MIXED HAYLAGE.--WHICH IS IMPORTANT AS MORE OPERATIONS MOVE RATIONS IN THAT DIRECTION. RESEARCH HAS ALSO FAILED TO PROVE ANY LINK BETWEEN GLYPHOSATE-TOLERANT CORN OR SOYBEANS AND MANGANESE DIFFICENCY.

DAIRY TODAY POLICY REVAMP:
AS DAIRY PRODUCERS WORK TO RECOVER FROM FINANCIAL DISASTERS IN 2008 AND 2009-- WHEN MILK PRICES HIT 30 YEAR LOWS-- RECOVERY IS AN UPHILL BATTLE. SOME DAIRYMEN BELIEVE WITHOUT A MAJOR OVERHAUL OF GOVERNMENT POLICY, ROCK BOTTOM PRICES COULD RETURN. THE NATIONAL MILK PRODUCERS FEDERATION HAS A PLAN THAT INCLUDES A MARKET STABILIZATION PROGRAM. AGDAY'S MICHELLE ROOK HAS DETAILS FROM THEIR RECENT NATIONAL CONFERENCE IN NEBRASKA. THANKS MICHELLE. AND DON'T FORGET, FOR THE VERY LATEST NEWS AFFECTING THE DAIRY INDUSTRY, INCLUDING PRODUCTION AND POLICY ISSUES, CHECK OUT WWW.DAIRYTODAY.COM .

PACKER PRICES:
A CHANGE IN POLICY IS WHAT A NEWLY PROPOSED SENATE BILL WOULD DO TO LIVESTOCK MARKETING. THE LEGISLATION TARGETS UNFAIR MEAT PACKER PRACTICES AND SEEKS TO PROTECT MARKET COMPETITION. THE BI-PARTISAN BILL PROHIBITS PACKERS FROM USING PRICES IN LIVESTOCK CONTRACTS THAT THEY DIRECTLY INFLUENCED.  THE LAWMAKERS SAY 85 PERCENT OF DOMESTIC SLAUGHTER CAPACITY IS NOW IN THE HANDS OF FOUR COMPANIES. THE NEW BILL WOULD AMEND THE PACKERS AND STACKYARDS ACT OF 1921. IT REQUIRES THINGS LIKE MARKETING AGREEMENTS BASED ON PRICES FROM EXTERNAL SOURCES, ADDS RULES FOR TRADING QUANTIY, AND EXEMPTS SMALL OR COOPERATIVE PACKERS.

LAND BUBBLE:
AND THE FEDERAL RESERVE GIVES WARNING ON FARMLAND VALUES.  IT SAYS PRICES COULD DROP BY AS MUCH AS HALF IF INTEREST RATES RISE AND CROP PRICES GO DOWN. IT'S WORRIED THE CURRENT FARMLAND PRICE BOOM IS A BUBBLE IN THE MAKING...AND MAY EVENTUALLY ERODE FARM INDUSTRY WEALTH.

ANALYSIS:
GARY WILHELMI

IN THE COUNTRY; SAFE DENIM:
IT'S FAIRLY EASY FOR A BEEF PRODUCER TO EAT THE BEEF THAT HE RAISED...A PRODUCE GROWER CAN EAT THE TOMATO THAT SHE GREW.  BUT IT'S ALMOST IMPOSSIBLE FOR A COTTON PRODUCER TO KNOW THEY'RE WEARING THE FIBER FROM THEIR OWN FIELDS...UNTIL NOW.  PLAINS COTTON COOPERATIVE IN LUBBOCK TEXAS STARTED A NEW LINE OF JEANS CALLED SAFE DENIM. IT'S ONE WAY PRODUCERS CAN KNOW THEY ARE WEARING SOUTHWEST GROWN COTTON, IT'S ALSO A WAY TO CREATE NEW MAKETS, AS ERICA GOSS EXPLAINS. THANKS ERICA.
FOOD AND YOUR FAMILY IS NEXT.

FAST CASUAL:
IN FOOD AND YOUR FAMILY YOU KNOW FAST FOOD AND YOU'RE FAMILIAR WITH CASUAL DINNING. BUT A NEW FOOD SEGMENT IS EMERGING AS THE RESTAURANT INDUSTRY LEADER. FAST CASUAL IS NOW THE FASTEST GROWING INDUSTRY SEGMENT. THIS INCLUDES RESTAURANTS LIKE SMASHBURGER, PANERA, FIVE GUES AND CHIPOTLE.  ACCORDING TO TECHNOMIC--THIS RESTAURANT CATEGORY IS OUTPACING THE REST WITH THE TOP 100 FAST CASUAL CHAINS GROWING AT A CLIP OF 6%. BREAK IT DOWN EVEN FURTHER AND THE BETTER BURGER IS LEADING THIS LEADING PACK. SMASH BURGER ALONE JUST ADDED FIVE NEW FRANCHISES--PUTTING THE MEAT MASHER OVER SIXTY.  RESEARCHERS SAY THE FAST CASUAL MARKET HAS BLOWN STRAIGHT THROUGH THE RECESSION.

BABY FORMULA:
AND THE FDA HAS A WARNING FOR PARENTS AND HEALTH CARE PROVIDES USING SIMPLY THICK. IT’S AN ADDITIVE TO BREAST MILK AND FORMULA FOR PREMATURE BABIES TO HELP WITH SWALLOWING.
THE FDA SAYS THE PRODUCT MAY CAUSE A LIFE-THREATENING INTESTINAL DISORDER. DOCTORS ARE INVESTIGATING 15 CASES FROM FOUR MEDICAL CENTERS AROUND THE COUNTRY.

 

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