AgDay Daily Recap - October 03, 2011

October 3, 2011 05:56 AM
 

TODAY ON AGDAY:
OCTOBER 03, 2011

SEED SHORTAGE ROOK:
Good morning. We've been hearing about the various production problems plaguing the U.S. corn crop all season. Farmers started off with a wet spring and planting delays. Then the corn crop faced record heat in July, which hurt pollination. All that led to shrinking yields. As producers head to the field to find out what those corn yields really are, seed corn companies are also finding a tighter seed crop. AgDay's Michelle Rook talked to a cross section of seed companies to find out how that will impact their supplies for 2012.  Early yield results from the corn harvest have been coming in a little higher than farmers expected. However, market analysts say it may not increase the seed supply enough for farmers to plant the expected 92 million plus acres of corn that the market will need in the 2012 season.

GRAIN STOX:
In other news, USDA surprised the market Friday when it said there are significantly higher stocks of old-crop corn. The Ag Department reports the ending stocks at 1.3 billion bushels. The market had been expecting the levels at 942 million bushels. In response, corn futures went limit down on Friday. Market analysts said many livestock producers have substituted corn with more wheat rations. Pro Farmer editor Chip Flory tells us what the report could mean in the future.

WHEAT PRODUCTION:
USDA also released its wheat production estimates. The Ag Department put "all wheat" production at just over two billion bushels in 2011, down 9% from 2010. The average yield is just shy of 44 bushels per acre, down two and a half from last year. In a specific class, durum wheat production was down 50%.

WORLD DAIRY EXPO:
In Agribusiness, exhibitors are starting to gather in Madison, Wisconsin for the World Dairy Expo. The World Dairy Expo opens its doors to the public on October fourth, but livestock and commercial exhibitors are setting up now. Organizers are expecting over 65,000 producers and industry representatives from 90 countries to attend this year. AgDay will have a crew there, bringing you some of the highlights of the expo. Of course, our reporting partners at Dairy Today have staked their claim. They'll be providing news highlights through-out the week as they happen on www.agweb.com.

ANALYSIS:
Bob Utterback

IN THE COUNTRY; YOUNG FARMERS AWARD:
After working hard day in and day out it’s nice to be recognized for your efforts. This morning we introduce you to a farmer in Oklahoma getting attention on the national stage. Chad Budy just won the Outstanding Young Farmer Award from the U.S. Junior Chamber--a first for his home state.  Lyndall Stout with Oklahoma State's Sunup program has our story. Thanks Lyndall. Food and Your Family is next.

FLUE SHOTS FOR PORK PRODUCERS:
In food and your family a recommendation from the Pork Check-off for flu season. It's suggesting farm personnel who work with pigs get the seasonal flu shot. Doing it as soon as possible will help protect the health of both humans and pigs. Recently researchers at UCLA say they found the exact strain of H1N1--misnamed swine flu in 2009--that exact strain has been found infecting pigs in Cameroon. Researchers say the pigs got the flu from people. The pork check off says it's always wise for producers and swine farm workers get a flu shot, reducing their risk of infection.

ARBY’S APPLE SLICES:
And fast food chain Arby’s is the latest to make its kids menu healthy. Starting today french fries will be replaced by apple slices with yogurt dipping sauce. They're following in the footsteps of other restaurants doing something similar. Arby’s says they hope to have a kids menu with 40% fewer calories, 70% less fat and 50% less sodium.

CONTACT:
If you'd like to say happy birthday or chat us up about something else, feel free to contact us by phone at 800-792-4329. Or drop an email to inbox@agday.com. You can also check us out on some of that new technology, at www.facebook.com/agday.
 

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