AgDay Daily Recap - May 9, 2012

May 9, 2012 05:57 AM
 

TODAY ON AGDAY
MAY 9, 2012
 

 

BRANSTAD QUOTE:
Iowa Governor Terry Branstad was one of the leading supporters for BPI. In a statement from his office, Branstad says "the fact that a false, misleading smear campaign can destroy a company's reputation overnight should disturb us all." He goes onto to say a smear campaign can take years to correct.
CATTLE PRICES:
Cattle markets are still fighting to recover from a stampede of bad press. From Pink Slime to Mad Cow consumers pulled back and prices fell, now live cattle futures are trending up climbing about 3 percent since last month. June contracts at the CBOT hit a three week high as grilling season and improving demand looms.
I-80 TOUR:
This week Agday's national reporter Tyne Morgan makes her second to last stop on this year's planting tour. Her travels bring her to Ohio, where as of Monday, the US crop progress report showed farmers being 77 points ahead of last year in planting. Tyne, I understand Ohio got some rain Monday morning. Thanks, Tyne. We dug into the USDA records and found that at this time last year, only two-percent of the state's corn and none of the soybeans had been planted.
CROP WATCH:
Lots of rain over the weekend brought planters to a stop in some parts of the country. Mike Hoffman has more in crop watch.
ANALYSIS:
If this year’s corn crop doesn't face weather problems, we could see a huge increase in grain stocks. Meanwhile old-crop soybean and corn stocks keep tightening. As we prepare for Thursday’s release of some key government reports, farm director Al Pell looks at how the market could respond.
YAMAHA:
How would you like an all-purpose side-by-side to help with the chores? One of our lucky viewers will drive-away with a Rhino later this month.
ITC CRYSTALIZED FLOWERS:
Since Mother's Day is just a few days away, I’m "sure" you already put in your orders for flowers, right? Many of those flowers come from California - which leads the nation in flower production. But not all of those flowers are intended for a vase. Some are intended for consumption. Tracey Sellers has details in this report from California bountiful TV. To learn more about these unique flowers, go to their website Sweetfields.com.
NASCASR BEEF:
Earlier we told you how the lean finely textured beef controversy has hurt BPI’s business.
Well Cargill says it’s embracing the beef product. The company’s plans to sponsor a car on the Nascar circuit this year and the message is all beef, including LFTB.

 

CONTACT:
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 Facebook.

 

 

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