AgDay Daily Recap - November 9, 2010

November 9, 2010 02:49 AM
 

TODAY ON AGDAY:
NOVEMBER 9, 2010

USDA REPORTS:
USDA WILL RELEASE TWO KEY REPORTS THIS MORNING - - THE CROP PRODUCTION FIGURES AND THE SUPPLY-AND-DEMAND DATA. THE INDUSTRY WILL FOCUS A LOT OF ATTENTION ON THE U.S. ENDING STOCKS OF CORN. AS YOU'LL REMEMBER, LAST MONTH USDA LOWERED BOTH THE SIZE OF THE CROP AND THE CARRYOVER. THAT NEWS SENT CORN PRICES RACING. MANY PRE-REPORT FORECASTS PUT THE SIZE OF THE DOMESTIC STOCKS UNDER 900-MILLION BUSHELS, INCLUDING ALLENDALE INCORPORATED. THEY PEG ENDING STOCKS OF CORN AT 882-MILLION.  IF THESE PROJECTIONS PROVE TRUE THAT WOULD BE SMALLEST AMOUNT OF OLD CROP IN STORAGE IN 15 YEARS. AS FAR AS PRODUCTION, SOME ANALYSTS EXPECT THOSE NUMBERS TO BE LOWERED AS WELL. ACCORDING TO OUR PARTNERS AT PRO FARMER, TRADERS ARE LOOKING FOR USDA TO AGAIN LOWER ITS CORN CROP ESTIMATE. BUT THE USAGE SIDE OF THE BALANCE SHEET MAY BE MORE IMPORTANT AS THAT WILL TELL US IF CURRENT PRICES ARE STARTING TO CUT INTO DEMAND. FOR SOYBEANS, THE CROP FIGURE IS EXPECTED TO BE SLIGHTLY BIGGER, BUT CARRYOVER IS SEEN TIGHTENING ON INCREASED EXPORTS DUE TO STRONG CHINESE DEMAND. AS ALWAYS, YOU CAN ACCESS THE USDA REPORTS IMMEDIATELY FOLLOWING THE RELEASE ON www.agweb.com

CROP PROGRESS:
THE WEEKLY CROP PROGRESS REPORT IS STARTING TO WIND DOWN FOR ANOTHER SEASON. THE CORN HARVEST IS NEARLY COMPLETE AT 96% AT THIS TIME LAST YEAR, ONLY A THIRD OF THE CROP HAD BEEN HARVESTED. 77% IS SHELLED IN PENNSYLVANIA, 84% IN NORTH DAKOTA AND 86% IN WISCONSIN. ALL OF THOSE ARE AHEAD THE FIVE YEAR AVERAGE FOR THEIR RESPECTIVE STATES. NOW TO COTTON, 71% IS NOW PICKED. THAT'S A TEN POINT GAIN OVER LAST WEEK. MOST STATES ARE AHEAD OF THE AVERAGE PACE. IN CALIFORNIA, WHICH HAS BEEN STRUGGLING WITH WEATHER ALL SEASON, 65% IS HARVESTED. THAT'S A 30 POINT GAIN FROM LAST WEEK. TAKING A LOOK AT A FEW OTHER GRAINS...SORGHUM HARVEST HAS REACHED 89% COMPLETE. LIKE MOST OTHER CROPS THAT'S WELL AHEAD OF THE FIVE YEAR AVERAGE. AND SUNFLOWER HARVEST SITS AT 79%. PRODUCERS IN THE DAKOTA'S HAD BIG GAINS OVER THE PREVIOUS WEEK. AND FINALLY, A QUICK GLANCE AT WINTER WHEAT. 82-PERCENT HAS EMERGED. HOWEVER, THE CONDITION RATING CONTINUES TO STRUGGLE. AS OF MONDAY, ONLY 45% IS CALLED GOOD TO EXCELLENT. THAT'S DOWN A POINT FROM LAST WEEK. MOST OF THE CROP - - 77% - - IS DESCRIBED AS FAIR TO GOOD.

HOG BIOFILTER:
IN TODAY'S PORK INDUSTRY, PRODUCERS ARE TAKING YOUR NOSE OUT OF IT. NEW TECHNOLOGY CALLED BIOFILTERS ARE CONSTANTLY SCRUBBING THE HOG HOUSE AIR AND KEEP ODORS TO MINIMUM. THE ONLY PROBLEM--THESE BIOFILTERS CAN BE EXPENSIVE TO INSTALL.  THAT'S WHY EXTENSION AGRICULTURE ENGINEERS AT THE UNIVERSITY OF ILLINOIS BEGAN WORKING ON A DO-IT-YOURSELF VERSION. IN THIS REPORT FROM U OF I, TODD GLEASON SHARES THEIR PROGRESS ON BUILDING A SIMPLE SCRUBBER.

MARKETING RALLY:
IN AGRIBUSINESS, TIME IS RUNNING OUT TO MAKE YOUR PLANS FOR THE 2010 MARKETING RALLY. NOW IN ITS SECOND YEAR, THIS EVENT BRINGS TOGETHER 16 MARKETING EXPERTS - - WITH 16 DIFFERENT OPINIONS - - UNDER ONE ROOF. THE TWO DAY RALLY IS BEING HELD AT PHEASANT RUN RESORT IN SAINT CHARLES, ILLINOIS, WHICH IS JUST WEST OF CHICAGO. AGRIBUSINESS DIRECTOR AL PELL WILL BE THERE... AND WE HOPE TO SEE YOU THERE.

ANALYSIS:
MIKE NORTH

IN THE COUNTRY; OHIO PUMPKINS:
PUMPKINS ARE A STAPLE IN AMERICAN HOUSEHOLDS THIS TIME OF YEAR.  THEY'RE USED FOR DECORATING, CARVING, AND OF COURSE COOKING, JUST TO NAME A FEW. IT'S THIS DIVERSITY THAT CIRCLEVILLE OHIO CELEBRATES IN FESTIVAL EACH FALL. JOHN RICE OF OHIO STATE GIVES US A PEEK AT THIS YEAR'S FESTIVITIES AND HOW THE UNIVERSITY IS WORKING TO HELP PRODUCERS GET EVEN MORE FROM THIS CHAMELEON CROP. IN FOOD AND YOUR FAMILY THE USDA IS TAKING A HARD LOOK AT NUTRITION THROUGHOUT ALL OF ITS FOOD PROGRAMS. TODAY A NEW REPORT FROM THE INSTITUTE OF MEDICINE SAYS THEY NEED TO DO MORE.

FOOD GUIDELINES:
IN FOOD AND YOUR FAMILY THE USDA IS TAKING A HARD LOOK AT NUTRITION THROUGHOUT ALL OF ITS FOOD PROGRAMS. TODAY A NEW REPORT FROM THE INSTITUTE OF MEDICINE SAYS THEY NEED TO DO MORE. ACCORDING TO THE STUDY, FEDERALLY FUNDED MEALS AND SNACKS SERVED TO KIDS AND ADULTS AT DAY CARE FACILITIES SHOULD HAVE MORE FRUITS AND VEGETABLES. THE FOCUS IS ON THE USDA'S CHILD AND ADULT CARE FOOD PROGRAM. IT SAYS THE PROGRAM IS CURRENTLY SERVING TOO MUCH FAT, SALT AND ADDED SUGARS. THE INSTITUTES REPORT RECOMMENDS MORE DARK GREEN AND ORANGE VEGETABLES, MORE WHOLE GRAINS, LEAN MEAT AND OTHER SOURCES OF PROTEIN.

CANDY TAX:
AND THIS MONTH'S TRIP THE POLLS INCLUDED MORE THAN VOTES ON CANDIATES. IN WASHINGTON STATE VOTERS ELECTED TO REPEAL A CANDY TAX. THE TAX WHICH TOOK EFFECT EARLIER THIS YEAR, WAS ON CANDY, SOFT DRINKS AND BOTTLED WATER. BUT IT CAUSED CONTROVERSY BECAUSE IT ONLY APPLIED TO CANDY THAT CONTAINED FLOUR. THAT MEANT REESE'S PEANUT BUTTER CUPS AND THREE MUSKETEERS WERE SUBJECT TO THE TAX BUT KIT KAT AND MILKY WAY WEREN'T. THE STATE STARTED THE TAX IN JUNE TO HELP SHORE UP BUDGET SHORTFALLS. SIMILAR TAXES ARE IN PLACE IN ILLINOIS AND COLORADO. IN WASHINGTON STATE, MORE THAN 400,000 SIGNATURES WERE COLLECTED TO PUT THE TAX TO A VOTE. EVEN THOUGH ITS NOW BEEN REPEALED TAXES WILL CONTINUE TO BE COLLECTED THROUGH DECEMBER FIRST.

CONTACT PAGE:
REMEMBER WE'D LOVE TO HEAR FROM YOU! CONTACT US BY PHONE, EMAIL TO INFO@AGDAY.COM OR ON FACEBOOK.

 

 

 

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