AgDay Daily Recap - November 09, 2011

November 9, 2011 02:37 AM

NOVEMBER 9, 2011

USDA will release two key reports this morning. The Ag Department will update its estimate of corn and soybean production as well as the grain ending stocks in this country. These will be the first supply-demand figures since commodities firm MF Global filed for bankruptcy. Despite a formal request from broker RJ O'Brien, USDA will not delay the release of the reports. According to our reporting partners at Pro-Farmer, RJ O’Brien asked Secretary Vilsack to delay the release of the monthly report because accounts from MF Global were being moved to new brokerages. The firm says this would allow traders, farmers and end-users to be better equipped to manage risk triggered by any changes in the USDA reports. The reports come out this morning at 7:30 central time. We'll have the reports and analysis on-line and on-the-air.

Just like harvest, our I-80 Harvest Tour is starting to wrap-up. For the past seven weeks, we've traveled from the western corn belt to the eastern corn belt gauging this year’s crop. Today's stop takes us to northwest Ohio, near the town of Stryker. It's been a struggle just about this entire growing season for farmers in much of Ohio. As of Monday, about a third of the state's corn crop had been harvested. That's 33-points behind the five year average. Soybeans aren't much better. 67% is cut, but normally Ohio farmers are just about done with those fields. But despite those delays, there are some pretty good yields. We'll finish the I-80 tour next Wednesday when we stop in Kendallville, Indiana.

It's unusual, but that seems to be the norm in Oklahoma these days. On Monday evening, tornado's touched down in the southwest corner of the Sooner state. Dave Deken with Sunup TV sent us this picture of the Oklahoma State University extension field office in Tipton. There used to be a building here, as you can see the tornado wiped everything clean. Officials say so far it appears no one was injured. A dairy near Frederick, Oklahoma was also hit.

There was also another aftershock in Oklahoma Monday night--that following a recent 5.6 magnitude earthquake. Strange brew in Oklahoma Mike. How are crops and harvest faring in other parts of the country? Good morning Clinton. We'll begin in Alabama. Reports from the FSA office in Monroe county show early planted cotton appears to be producing good yields in most areas of the county. McDonald said late planted cotton is still very questionable whether it will have time to mature before a heavy frost. And harvest of - yes - Christmas trees is now underway in Washington State. The "NASS" report shows growers in Thurston County are finding nearly ideal conditions for the harvest of Christmas trees to fill wholesale orders. And in Whatcom County, growers are tagging trees - like noble firs and Frasers - for export.

Time is running out for lawmakers in Washington looking for massive cuts in federal spending. The deadline for cuts from the so called congressional super committee is November 23rd..and agriculture will be no exception. The agricultural spending appropriation bills for fiscal year 2012 have passed both the house and senate, now they're headed for conference committee to be reconciled. Senate republican from Kansas Jerry Moran is on that committee. He says its important agriculture not be singled out. His focus will be to maintain and improve crop insurance. Senator Moran feels any changes should be phased in. That's much different than an approved amendment from Oklahoma Senator Tom Coburn. His amendment denies direct payments immediately to recipients with an average adjusted gross income in excess of one million dollars.

ANALYSIS:  Dustin Johnson

Ahh the good life, hour upon hour riding in the tractor, working the soil. It's an idea many people simply long for and one reason small and hobby farmer numbers are rising across the country. But doing the work takes skills. That's where the University of Kentucky College of agriculture comes in.  As Jeff Franklin tells us, it's farm start program is lending a hand and teaching tractor basics to beginners. Thanks Jeff. Jeff says about a dozen people turned out for the workshop. Considering it was a beautiful weekend, organizers were pleased with the response. We'll be right back with food and your family.

In food and your family new information is out on schools where soda and sugary drinks are banned. A new study says the ban has very little effect on how much kids drink. The study comes from the University of Illinois. Authors say the laws do their job--getting these high calorie drinks out of schools. But outside of class--consumption hasn't changed. The study asked nearly 7,000 eighth graders in 40 states including those at schools with bans on drinking soda and sugary drinks. Regardless of policy 85% say they had a sugary drink within the last week. A quarter to a third say they consume them daily.

Restaurants have seen tough times this year. But according to industry researcher, Technomic, combining recreation and restaurants seems to be a recipe for success. It says adding foodservice or high end restaurants to places like museums, casinos or amusement parks is helping both bottom lines. It found people have less discretionary spending money. So taking food service to where people are spending it helps bring in money for the restaurant and the attraction. Food sales in this segment hit 16-billion dollars in 2010.

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