AgDay Daily Recap - November 17, 2010

November 17, 2010 04:48 AM
 

TODAY ON AGDAY:
NOVEMBER 17, 2010

COMMODITIES PLUNGE:
HELLO EVERYONE, CLINTON GRIFFITHS IS ON ASSIGNMENT AT THE NORTH AMERICAN INTERNATIONAL LIVESTOCK EXPO. NOW HERE'S TODAY'S TOP STORY. GRAIN MARKETS SEEM TO BE ON A ROLLER-COASTER RIDE. CORN, SOYBEANS AND WHEAT ALL HAD BIG LOSSES ON TUESDAY. DECEMBER WHEAT WAS OFF BY 46-CENTS, FALLING TO SOME OF ITS LOWEST LEVELS SINCE JULY. ACCORDING TO WWW.AGRIMONEY.COM , INVESTORS WERE DUCKING FOR COVER AS MONEY TROUBLES IN EUROPE AND CHINA CONTINUES TO MOVE MARKETS. CHINA REPORTEDLY THREATENED CROP PRICE CONTROLS AND A CRACKDOWN IN TRADE SPECULATION, TO CURB FOOD INFLATION.

DAKOTA WHEAT:
BEFORE TUESDAY'S SELL-OFF, WHEAT GROWERS HAVE BEEN ENJOYING SOME GOOD PRICES. THE NORTH DAKOTA WHEAT COMMISSION RECENTLY HELD A CROP OUTLOOK FORUM TO DISCUSS THE LONG-TERM VIEW. NICK DREYER FROM AGDAY AFFILIATE KMOT-TV REPORTS.

EASTERN LIVESTOCK:
NEW INFORMATION CONTINUES TO SURFACE ABOUT THE EASTERN LIVESTOCK COMPANY. ONE OF THE LARGEST CATTLE BUYERS IN THE COUNTRY, EASTERN'S BANK FILED RECEIVERSHIP DOCUMENTS AGAINST IT AFTER WHAT APPEARS TO BE MILLIONS IN UNPAID DEBTS. REPORTS SAY THE INDIANA BASED CATTLE BUYER HAD MORE THAN 80 MILLION DOLLARS IN UNPAID DEBT THROUGHOUT THE INDUSTRY. NEW INFORMATION FROM OUR PARTNERS AT AGWEB, SHOW EASTERN IS ONLY BONDED FOR 875,000 DOLLARS OF THAT DEBT. BEING BONDED IS A TYPE OF INSURANCE PROGRAM RUN THROUGH THE USDA'S GRAIN INSPECTION PACKERS AND STOCKYARDS ADMINISTRATION. IN THIS CASE, IT MEANS PEOPLE WHO DID BUSINESS WITH THE EASTERN LIVESTOCK COMPANY COULD LOSE MILLIONS. THE USDA IS URGING PRODUCERS WHO HAVE NOT RECEIVED PAYMENT TO CONTACT THE IOWA GIPSA OFFICE AND TO FILL OUT A BOND CLAIM...THAT CLAIM MUST BE FILED WITH 60 DAYS OF THE TRANSACTION.

GIPSA POULTRY:
IN OTHER "GIPSA" NEWS...THE POULTRY INDUSTRY IS SAYING THE PROPOSED NEW REGULATIONS WOULD HAVE A DEVASTATING EFFECT ON THE BROILER CHICKEN INDUSTRY. THE NATIONAL CHICKEN COUNCIL SAYS THE PROPOSED CHANGES FROM USDA WOULD COST THE BROILER CHICKEN INDUSTRY MORE THAN A BILLION DOLLARS OVER FIVE YEARS. THOSE LOSSES WOULD COME FROM REDUCED EFFICIENCY, HIGHER PRODUCTION COSTS AND INCREASED ADMINISTRATIVE EXPENSES. THE NCC ASKED "FARM-ECON" - AN AG ECONOMICS FIRM - TO CONDUCT A STUDY. IT SAYS GIPSA WOULD MEAN HIGHER COSTS TO PRODUCE BIRDS, WHICH WOULD PUT UPWARD PRESSURE ON CHICKEN PRICES. ULTIMATELY IT WOULD GET PASSED ONTO CONSUMERS.

GIPSA BEEF:
LAST WEEK THE NATIONAL CATTLEMEN'S BEEF ASSOCIATION ANNOUNCED RESULTS OF ITS ECONOMIC STUDY WHICH SHOWED A SIMILAR IMPACT ON THE BEEF SIDE. GIPSA MAINTAINS THE PROPOSED CHANGES WILL HAVE LITTLE ECONOMIC IMPACT.

LOUISIANA PECANS:
DRY WEATHER IN LOUISIANA THIS FALL IS HAVING AN IMPACT ON THIS YEARS PECAN CROP. BUT CROP SPECIALISTS THINK PRODUCERS CAN STILL GET A DECENT CROP IF RAIN COMES. TOBIE BLANCHARD HAS DETAILS IN THIS REPORT PROVIDED BY LSU AGCENTER.

CALIFORNIA PECANS:
MEANWHILE, THE CALIFORNIA FARM BUREAU SAYS A STRONG EXPORT MARKET COUILD ATTRACT MORE CALIFORNIA FARMERS TO PLANT PECANS. THE FARM BUREAU SAYS CHINA ALREADY PURCHASES MOST OF THE PECANS GROWN IN THE STATE AND WOULD BUY EVEN MORE IF THEY COULD FIND THEM. IT TAKES PECAN TREES SEVEN TO TEN YEARS TO COME INTO PRODUCTION.

ANALYSIS:
JIM BOWER

IN THE COUNTRY; WATERFOWL COUNTS:
COLD, AUTUMN WINDS ARE BLOWING THE NEXT ROUND OF DUCKS AND GEESE ACROSS THE MIDWEST AS THEY TRAVEL SOUTH FOR WINTER. OF COURSE, THAT ANNUAL MIGRATION IS A BIG DRAW FOR HUNTERS AND BIRDWATCHERS. JOE WILKINSON TAKES A LOOK AT THE "INFLUX OF DUCKS" IN THIS REPORT FROM THE IOWA DNR. THANKS JOE. WHEN WE COME BACK...A NEW REPORT HIGHLIGHTS THE CONTINUING PROBLEMS WITH HUNGER IN THIS COUNTRY.

USDA AND HUNGER:
A NEW REPORT OFFERS SOBERING STATISTICS ABOUT THE NUMBER OF PEOPLE GOING TO BED HUNGRY EACH NIGHT. DETAILS IN FOOD AND YOUR FAMILY. USDA'S ECONOMIC RESEARCH SERVICE SAYS MORE THAN 50 MILLION AMERICANS, INCLUDING MORE THAN 17 MILLION CHILDREN, ARE FOOD INSECURE. THAT MEANS THEY LACK CONSISTENT ACCESS TO A NUTRITIOUS, WELL-BALANCED DIET. ANOTHER WAY TO LOOK AT THE REPORT - - NEARLY 15% OF ALL AMERICANS ARE CONSIDERED FOOD INSECURE. THAT'S THE HIGHEST LEVEL RECORDED SINCE 1995 WHEN THE FIRST NATIONAL FOOD SECURITY SURVEY WAS TAKEN. THE REPORT SHOWS THAT NEARLY ONE OUT OF FOUR CHILDREN WAS AT RISK OF HUNGER IN 2009, WHEN THE DATA WAS COLLECTED. AND THE ECONOMIC PICTURE HASN'T GOTTEN ANY BETTER.

FISH OIL:
A NEW STUDY IN THE JOURNAL OF THE AMERICAN DIETETIC ASSOCIATION SHOWS THAT FISH OIL MAY HELP PROTECT YOUR GUMS. PERIODONTAL DISEASE CAUSES GUM TISSUE TO SEPARATE FROM YOUR TEETH. THAT ALLOWS BACTERIA TO BUILD AND CAN LEAD TO POTENTIAL BONE AND TOOTH LOOSE. A STUDY CONDUCTED BY RESEARCHERS AT HARVARD MEDICAL SCHOOL SAYS POLY-UNSATURATED FATTY ACIDS CAN HELP CONTROL INFLAMMATION IN YOUR GUMS. THEY SAY A GOOD SOURCE OF THAT IS FISH OIL. OTHER SOURCES OF POLY-UNSATURATED FATS INCLUDE PEANUT BUTTER, MARGARINE, NUTS AND SALMON. THE SCIENTISTS STUDIED 9,000 ADULTS WHO HAVE ROUTINE DENTAL CHECK-UPS. OF THAT GROUP, 20% IMPROVED THEIR GUM HEALTH.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .
 

 

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