AgDay Daily Recap - May 3, 2011

May 3, 2011 03:51 AM
 

TODAY ON AGDAY:
MAY 3, 2011

CROP PROGRESS CORN:
SOME OF THE NATION'S CORN CROP IS EMERGING, BUT IT'S AT A SNAIL'S PACE IN THE CORNBELT. OVERALL, 5% IS COMING OUT. OF THE BIG "EYE" STATES, ONLY ILLINOIS HAS EMERGING CORN...AND THAT'S JUST 3% COMPARED TO THE FIVE YEAR AVERAGE OF 14%. WET FIELDS, LIKE WE SHOWED YOU LAST WEEK, WERE VERY OBVIOUS IN THE USDA REPORT, ESPECIALLY IN THE EASTERN CORNBELT. ILLINOIS, INDIANA, OHIO AND KENTUCKY FARMERS MADE ZERO GAINS IN GETTING THEIR CORN FIELDS PLANTED. OVERALL, 13% IS NOW SEEDED. THAT'S A GAIN OF ONLY FOUR POINTS FROM LAST WEEK. THE FIVE YEAR AVERAGE IS 40%. STILL, THERE WERE SOME GAINS IN THE WESTERN CORN BELT, INCLUDING IOWA AND NEBRASKA. DESPITE THE IMPROVEMENT, THEY'RE STILL WELL BEHIND THE NORMAL PACE.

CROP PROGRESS WHEAT:
AS FAR AS WINTER WHEAT, A THIRD OF THE CROP IS HEADING. BUT THE MARKET IS STILL WATCHING THE CONDITION RATING. 34% IS GOOD TO EXCELLENT. A QUARTER IS CALLED FAIR. THE REST - - 41% IS POOR TO VERY POOR.

OKLAHOMA WHEAT:
IN OKLAHOMA, WHERE DROUGHT HAS DECIMATED MANY OF THE STATE'S WESTERN FIELDS, YIELD PER ACRE IS EXPECTED TO BE LOW. THE AVERAGE YEILD IN THE STATE IS NORMALLY 30 TO 32 BUSHELS PER ACRE.
THIS YEAR EXPERTS PREDICT YIELDS CLOSER TO 20--WITH STATE WIDE TOTALS DOWN NEARLY 60 MILLION. THAT HAS ECONOMISTS CONVINCED PRICES WILL STAY HIGH.

KIM ANDERSON:
ANDERSON SAYS INDICATORS ARE POINTING TO HIGHER WHEAT PRICES THROUGH 2012.

DT SOMATIC CELL:
IN OUR DAIRY TODAY REPORT, DELEGATES ATTENDING THE NATIONAL CONFERENCE ON INTERSTATE MILK SHIPMENTS ARE MOVING FORWARD WITH A PROPOSAL TO LOWER SOMATIC CELL COUNT LIMITS TO 400,000 BY THE YEAR 2014. THE CURRENT LEVEL IS 750,000 CELLS PER MILLI-LITER. THE SCC IS A MEASUREMENT OF QUALITY IN MILK. THE DELEGATES WILL MAKE THEIR FINAL VOTE ON LOWERING THE COUNT THIS WEDNESDAY. OUR PARTNERS AT DAIRY TODAY SAYS IF THE 400,000 SCC WAS IN PLACE TODAY, 14% OF U.S. DAIRY HERDS WOULD NOT BE IN COMPLIANCE.

DT APRIL MILK PRICES:
ALSO FROM DAIRY TODAY, IT APPEARS MILK PRICES THAT PRODUCERS GET HAVE PEAKED FOR THE YEAR. USDA POSTED THE APRIL CLASS THREE PRICES AT $16.87 PER HUNDREDWEIGHT. THAT'S A DROP OF MORE THAN 2.5 DOLLARS FROM MARCH. YET, THEY'RE NEARLY FOUR DOLLARS ABOVE A YEAR-AGO. DAIRY TODAY EDITOR JIM DICKRELL SAYS THE FOCUS REMAINS ON RISING INPUT COSTS.

DT DICKRELL:
JIM SAYS CALIFORNIA DAIRY PRODUCERS ARE ESPECIALLY CONCERNED ABOUT FEED COSTS. HE SAYS THEY'RE PAYING THREE-HUNDRED DOLLARS A TON FOR HAY...PRICES THEY'VE NEVER SEEN BEFORE. THOSE HIGH PRICES ARE A RESULT OF WEATHER PROBLEMS IN LATE WINTER.
DICKRELL ALSO SAYS CALIFORNIA HAY FIELDS ARE IN COMPETITION WITH OTHER CROPS, SUCH AS COTTON.

DT BOVINE TB:
ALSO IN CALIFORNIA, ANIMAL HEALTH OFFICIALS ARE MONITORING A CASE OF BOVINE TUBERCULOSIS. A CASE WAS CONFIRMED LAST WEEK IN SAN BERNARDINO COUNTY. IT WAS DISCOVERED DURING A ROUTINE SLAUGHTER INSPECTION. AND DON'T FORGET, FOR THE VERY LATEST NEWS AFFECTING THE DAIRY INDUSTRY, INCLUDING PRODUCTION AND POLICY ISSUES, CHECK OUT WWW.DAIRYTODAY.COM .

TITAN MACHINERY:
IN AGRIBUSINESS NASDAQ-TRADED TITAN MACHINERY IS OFFERING 2 MILLION SHARES OF COMMON STOCK TO THE PUBLIC. THE COMPANY FILED PAPERWORK WITH THE SECURITIES AND EXCHANGE COMMISSION BACK IN DECEMBER. IT SAYS IT PLANS TO USE THE MONEY FOR GENERAL CORPORATE PURPOSES. ITS FOURTH-QUARTER EARNINGS REPORT SHOWED PROFITS AT THE HEAVY EQUIPMENT MAKER HAD TRIPPLED.  TITAN STOCK HAS GAINED NEARLY 60% THIS YEAR.

ANALYSIS:
CHRIS HURT

IN THE COUNTRY; RODEO TEAM:
AS ATHLETE'S THEY DREAM OF MAKING IT TO THE BIG TIME--THE BRIGHT LIGHTS, THE SCREAMING FANS, AND THE GLORY OF SUCCESS. BUT WE'RE NOT TALKING ABOUT COLLEGE FOOTBALL, THIS IS COLLEGE RODEO--ONE STEP REMOVED FROM THE ARENAS OF THE PROFESSIONAL CIRCUIT. TODAY WE TRAVEL TO NEW MEXICO FOR A RIDE WITH ONE OF THE BEST TEAMS IN THE COUNTRY. AS I MENTIONED THE TEAM WAS RANKED THIRD IN THE COUNTRY. HOWEVER, THERE WERE RODEO'S ACROSS THE NATION LAST WEEKEND. WE'RE HAPPY TO REPORT THE MEN'S TEAM IS NOW SITTING SECOND WITH THREE MEMBERS IN THE TOP TWENTY.  CONGRATS.

FTC KID MARKETING:
IN FOOD AND YOUR FAMILY THIS MORNING, FOOD FOR CHILDREN MAY SEE NEW MARKETING RULES SOON. A GROUP IN WASHINGTON IS LOOKING AT NEW GUIDELINES IN HOPES HELPING KIDS MAKE HEALTHY CHOICES. THE FEDERAL TRADE COMMISSION IS WORKING ON NEW NATIONAL ADVERTISING STANDARDS. IT WOULD LIMIT ADVERTISING TO CHILDREN-- FOODS THAT ARE HIGH IN SUGAR, SODIUM OR SATURATED FAT. IT SETS TWO MAIN GUIDELINES. FIRST FOOD AND DRINKS MARKETED FOR KIDS SHOULD MAKE A MEANINGFUL CONTRIBUTION TO A HEALTHY DIET AND SECONDLY...THOSE FOODS SHOULD MINIMIZE THE CONTENT OF NUTRIENTS THAT MIGHT HAVE A NEGATIVE IMPACT ON HEALTH OR WEIGHT. IF THE PROPOSALS ARE ADOPTED ALL KID FOCUSED FOODS MUST COMPLY BY 2016.

GEBISA APPT:
WORLD FOOD PRIZE WINNER GEBISA EH-JET-A IS ADDING TO HIS LIST OF CREDENTIALS. PRESIDENT OBAMA HAS APPOINTED THE PURDUE PROFESSOR TO THE BOARD FOR INTERNATIONAL FOOD AND AGRICULTURE DEVLEOPMENT. EH-JET-A...WHO WON THE WORLD FOOD PRIZE IN 2009 FOR HIS WORK WITH DROUGHT AND DISEASE TOLERANT SORGHUM... WAS APPOINTED FOR THREE YEARS. THE GROUP ADVISES THE ADMINISTRATOR OF THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT ON AGRICUTLURE ON UNIVERSITY PROGRAMS RELATED TO FAMINE AND HUNGER PREVENTION. EH-JET-A ACTUALLY ATTENDED A HIGH SCHOOL AND COLLEGE IN HIS NATIVE ETHIOPIA THAT WAS PART OF SUCH A PROGRAM.

IOWA GOLF COURSE:
WE END THIS MORNING WITH A FIELD OF DREAMS "REVERSAL" OF SORTS.  A FORTY YEAR OLD GOLF COURSE IN IOWA IS TRADING IN ITS 5 IRON FOR BIG IRON. THE 9 HOLE COURSE WAS SOLD AND THE NEW OWNER IS TURNING THE FAIRWAYS INTO FIELDS...TILLING UNDER THE GREENS FOR THE GREEN-BACKS CORN PRICES ARE OFFERING. THE NEW OWNER PLANS TO PLANT A CROP THIS YEAR.

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 .
 

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