AgDay Daily Recap - November 23, 2010

November 23, 2010 02:49 AM
 

TODAY ON AGDAY:
NOVEMBER 23, 2010

FEED EFFICIENCY:
A SLOWING OF THE RECENT GRAIN MARKETS RALLY...HASN'T CHANGED FEED COSTS FOR LIVESTOCK PRODUCERS. PRICES FOR MANUFACTURED FEED IS UP...AND THAT'S TOUGH NEWS FOR THE FEEDLOT INDUSTRY STILL WORKING TO OVERCOME REVENUE SHORTFALLS IN RECENT YEARS.  WHILE THESE LARGE FIRMS WATCH THE BOTTOM LINE, INDIVIDUAL PRODUCERS MUST DO THE SAME ESPECIALLY AS WINTER APPROACHES.  THE AMERICAN ANGUS ASSOCIATION RECENTLY RELEASED SIX NEW GENETICALLY BASED PERFORMANCE TRAITS. I'LL TAKE A LOOK AT HOW THAT COULD IMPACT PRODUCERS TOMORROW ON AGDAY. AND SPEAKING OF FEEDING, THE MONTHLY CATTLE ON FEED REPORT CAME OUT FRIDAY. IT SHOWS U.S. FEEDLOTS BOUGHT MORE YOUNG CATTLE IN OCTOBER. OVERALL, MORE THAN 2.5 MILLION HEAD, UP 1.2% FROM OCTOBER LAST YEAR. THE TOTAL FEEDLOT HERD IS UP ABOUT 3%.

MILK PRODUCTION:
MEANWHILE, AN EFFICIENT DAIRY HERD IS LEADING THE WAY TO HIGHER MILK PRODUCTION IN THE TOP DAIRY STATES. USDA SAYS OCTOBER PRODUCTION WAS UP 3.3% AHEAD OF A YEAR AGO. WESTERN STATES SAW THE HIGHEST INCREASE IN OUTPUT. LEVELS IN THE MIDWEST WERE CONSIDERED FLAT. USDA SAYS PER-COW PRODUCTION IS 47 POUNDS HIGHER THAN OCTOBER 2009.

EASTERN:
THE USDA RELEASES NEW INFORMATION ABOUT ONE OF THE LARGEST CATTLE BROKERS IN COUNTRY THAT'S IN FINANCIAL STRAITS. ON FRIDAY, GIPSA FILED AN ADMINISTRATIVE COMPLAINT AGAINST EASTERN LIVESTOCK COMPANY, ACCUSING THE FIRM OF FAILURE TO PAY LIVESTOCK PURCHASES AND TO MAINTAIN AND ADEQUATE BOND. THE AG DEPARTMENT ESTIMATES THE COMPANY OWES 130 MILLION DOLLARS TO 743 SELLERS IN 30 STATES. GIPSA IS CURRENTLY AT COMPANY HEADQUARERS IN INDIANA WORKING WITH LAW ENFORCEMENT AND THE DEPARTMENT OF JUSTICE.

GIPSA COMMENT PERIOD:
THE COMMENT PERIOD IS OVER FOR THE PROPOSED GIPSA LIVESTOCK AND POULTRY MARKETING RULE. THE DEADLINE WAS MONDAY.  ORIGINALLY SET TO END IN AUGUST, THE COMMENT PERIOD WAS EXTENED THROUGH NOVEMBER 22ND. SO FAR MORE THAN 19,000 COMMENTS HAVE BEEN OFFERED. EXPERTS SAY IT COULD TAKE MONTHS TO GET AN ANSWER FROM THE USDA.

CROP PROGRESS:
THE NATIONAL CROP PROGRESS REPORT IS WINDING DOWN FOR ANOTHER GROWING SEASON. BUT THERE ARE A FEW CROPS WE NEED TO UPDATE YOU ON. AS OF MONDAY, USDA SAYS 86% OF THE COTTON CROP HAS BEEN HARVESTED. THAT'S AN EIGHT POINT GAIN FROM LAST WEEK AND 13-POINTS AHEAD OF AVERAGE. SORGHUM HARVEST IS WRAPPING-UP WITH 95% COMPLETE. MOST STATES ARE NEARLY DONE. NEW MEXICO TRAILS ALL OTHERS WITH THREE QUARTERS FINISHED. BUT THAT'S ACTUALLY AHEAD OF THE FIVE YEAR PACE. NOW TO WINTER WHEAT, 91% OF THE CROP HAS EMERGED. THAT'S UP FOUR POINTS FROM LAST WEEK AND AHEAD OF THE FIVE YEAR AVERAGE. AS FAR AS THE CONDITION RATING, IT IMPROVED BY A POINT OVER LAST WEEK. 47% IS CALLED GOOD TO EXCELLENT. 37% IS CALLED FAIR.

AGWEB POLL:
LET'S TAKE A LOOK AT THE BRAND NEW AGWEB POLL QUESTION. THE EDITORS ASK "HAVE WE SEEN THE HIGH FOR CORN PRICES THIS YEAR". YES OR NO? GO TO www.agweb.com AND SCROLL DOWN THE RIGHT HAND SIDE OF THE SCREEN. THAT'S WHERE YOU CAN CAST YOUR VOTE FOR THIS VERY UN-SCIENTIFIC POLL. HERE ARE THE RESULTS OF LAST WEEK'S AGWEB POLL. THE QUESTION WAS THIS - - "WHEN DO YOU EXPECT THE FED TO INCREASE INTEREST RATES?” ABOUT 8% OF YOU SAID IN EARLY 2011. 30% OF YOU EXPECT AN INCREASE SOMETIME NEXT YEAR. 18% THINK IT WON'T HAPPEN UNTIL 2012. AND A MAJORITY OF YOU BELIEVE THE FED WILL HOLD ON UNTIL AFTER THE PRESIDENTIAL ELECTION IN NOVEMBER 2012.

ANALYSIS:
JIM HEMMINGER

IN THE COUNTRY; DRAFT HORSES:
WHEN YOU TALK ABOUT HORSEPOWER THESE DAYS, IT USUALLY REFERS TO THE BIG POWER FOUND UNDER THE HOOD OF SOMETHING RED, GREEN, YELLOW, OR BLUE. BUT THIS MORNING WE'RE TALKING ABOUT TRUE HORSEPOWER FROM A MAJESTIC ANIMAL THAT'S CREAM IN COLOR. IN THIS REPORT FROM CALIFORNIA COUNTRY TV, CHARLOTTE FADIPE TELLS US ABOUT A DRAFT ANIMAL THAT'S A UNIQUE AMERICAN BREED. TO LEARN MORE ABOUT THESE ANIMALS, GO TO THE AMERICAN CREAM DRAFT HORSE ASSOCIATION. WWW.ACDHA.ORG . WE'LL ALSO PUT A LINK ON OUR HOMEPAGE. FOOD AND YOUR FAMILY IS NEXT.

DEER HARVEST:
HUNTERS ARE HELPING TO FILL MEAT COOLERS FOR PEOPLE WHO ARE LESS FORTUNATE. DETAILS IN FOOD AND YOUR FAMILY. AS WE GET READY TO CELEBRATE THANKSGIVING THIS WEEK, HUNTERS ARE BEING REMINDED TO SHARE THE DEER HARVEST. WE'RE AT THE HEIGHT OF DEER SEASON RIGHT NOW. THE NUMBER OF DEER THAT A HUNTER CAN TAKE VARIES BY STATE. LIBERAL BAG LIMITS AND EXTENDED SEASONS MEAN HUNTERS ARE ABLE TO HARVEST MORE DEER THAN THEY COULD CONSUME THERE ARE ALSO SANCTIONED HUNTS TO REDUCE THE HERD IN SOME STATE PARKS, MILITARY INSTALLATIONS AND AIRPORTS. ONE PROGRAM THAT GIVES HUNTERS A PLACE TO DONATE A DEER IS CALLED "FARMERS AND HUNTERS FEEDING THE HUNGRY." MANY STATES HAVE THEIR OWN PROGRAM, SUCH AS PENNSYLVANIA. IT'S CALLED "HUNTERS SHARING THE HARVEST", IN MISSOURI, IT'S CALLED 'SHARE THE HARVEST". CASH DONATIONS OFTEN HELP DEFRAY THE COST OF MEAT-LOCKERS TO PROCESS THE MEAT, WHICH IS THEN DONATED TO VARIOUIS FOOD BANKS AND SOUP KITCHENS. WE'LL POST SOME OF THESE ORGANIZATIONS ON OUR WEBSITE.

HARVEST OF THANKS:
AS YOU GATHER WITH FAMILY AND FRIENDS THIS THANKSGIVING, WE HOPE YOU CAN SPEND SOME TIME WITH US. ONCE AGAIN, AGDAY IS CELEBRATING AMERICAN AGRICULTURE WITH OUR SPECIAL HOLIDAY PROGRAM - - "HARVEST OF THANKS". SINCE 2000, WE'VE CELEBRATED THE BOUNTIFUL CROP BROUGHT IN EACH YEAR BY AMERICA'S FARMERS AND RANCHERS. AND THIS YEAR IS NO DIFFERENT. WE'LL VISIT GROWERS IN INDIANA, KANSAS, NEBRASKA, AND NORTH DAKOTA. EACH WILL SHARE THEIR STORIES ABOUT GROWING CROPS AND RAISING FAMILIES IN FARM COUNTRY. PLUS, WE'LL ALSO SHARE WITH YOU HOW PRODUCERS IN THIS COUNTRY ARE HELPING TO FEED A GLOBAL POPULATION. IT'S A PROGRAM THAT THE ENTIRE FAMILY WILL ENJOY. WE HOPE YOU JOIN US THURSDAY FOR "HARVEST OF THANKS" RIGHT HERE ON AGDAY.

CONTACT PAGE:
AS ALWAYS WE'D LOVE TO HEAR FROM YOU! CONTACT US BY PHONE, EMAIL AT INFO@AGDAY.COM OR CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .


 

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