AgDay Daily Recap - October 19, 2010

October 19, 2010 09:56 AM
 

TODAY ON AGDAY:
OCTOBER 19, 2010

CROP PROGRESS:
OF THE EIGHT MAJOR CROPS IN THIS WEEK'S PROGRESS REPORT, ALL OF THEM ARE "AT" OR ABOVE THE FIVE YEAR AVERAGE WHEN IT COMES TO HARVEST. COTTON, SUGARBEETS, SORGHUM, SUNFLOWERS, RICE, AND PEANUTS - AS WELL AS CORN AND SOYBEANS - ARE QUICKLY COMING OUT OF THE FIELDS. SOYBEAN HARVEST IS WELL AHEAD OF CORN. 83% IS NOW IN THE BIN. THAT'S A 16 POINT GAIN OVER LAST WEEK. IN THE BIG "EYE" STATES, SOYBEANS ARE 90% HARVESTED. SOME OTHER CROPS OF NOTE - - THREE QUARTERS OF SUGARBEETS ARE NOW HARVESTED. IT WAS 50% LAST WEEK. MINNESOTA AND NORTH DAKOTA FIELDS ARE NEARLY DONE. SORGHUM HARVEST IS ALSO MOVING QUICKLY WITH MORE 60% CUT, UP TEN POINTS. NOW TO THE COTTON BELT, WHERE MORE THAN 40% OF THE CROP HAS BEEN PICKED. IN TEXAS, ABOUT A QUARTER OF THE CROP IS DONE. THAT'S A FIVE POINT GAIN FROM LAST WEEK. IN THE RICE FIELDS...IT'S APPROACHING 90% HARVESTED. MOST STATES HAVE FINISHED, BUT CALIFORNIA IS STRUGGLING. ABOUT A THIRD IS CUT. NORMALLY IT'S 80%.

TOM HARVEST:
IN INDIANA, ONE OF THE BIGGEST FARMERS IN THE STATE SAYS HARVEST IS MOVING ALONG NICELY. TOM FARMS HEADQUARTERS IN LEESBURG AND CULTIVATES MORE THAN 15,000 ACRES WORLD WIDE. DUE TO LAST YEAR'S WET WEATHER, THE FAMILY OPERATION DIDN'T FINISH HARVEST UNTIL FEBRUARY 4TH. THIS YEAR COMBINES EXPECT TO COMPLETE CUTTING BY THE SECOND WEEK IN NOVEMBER. DRY WEATHER IS ALSO HELPING TILLAGE TEAMS. AS SOON AS COMBINES FINISH CUTTING, CULTIVATORS ARE MOVING IN TO PREP FOR NEXT YEAR. NATIONWIDE, 68% OF THE CORN IS HARVESTED. IN THE WESTERN CORNBELT, THE AMOUNT OF CORN ACRES HARVESTED INCREASED BY 20-TO-30 POINTS FROM THE PREVIOUS WEEK.

JAPAN BEEF:
ONCE THE BIGGEST BUYER OF U.S. BEEF, JAPAN APPEARS TO BE - ONCE AGAIN - ANALYZING THE SAFETY OF MEAT FROM CATTLE OLDER THAN 20 MONTHS. THE U.S. BEEF INDUSTRY HAS BEEN PUSHING ITS ASIAN PARTNER TO NORMALIZE TRADE BY ALLOWING MEAT FROM ANIMALS THAT ARE 30 MONTHS OR OLDER. ACCORDING TO A REPORT IN BLOOMBERG, JAPAN OFFICIALS ARE NOW COLLECTING DATA ON RISK ASSESSMENT. THE NATION'S FOOD SAFETY COMMISSION MUST RULE THAT ANY CHANGE IN POLICY WON'T INCREASE HUMAN HEALTH RISKS, IN ORDER FOR IMPORTS OF OLDER CATTLE TO RESUME. JAPAN BANNED AMERICAN BEEF AFTER THE BSE OUTBREAK IN 2003. THAT BAN WAS RELAXED IN 2005. BUT IT STILL LIMITED IMPORTS TO CATTLED AGED 20 MONTHS OR YOUNGER.

BEEF PORK EXPORTS:
IN RELATED NEWS, THE U.S. MEAT EXPORT FEDERATION SAYS JAPANESE PURCHASES OF U.S. BEEF ARE UP ABOUT 20% FOR THE YEAR. BUT THAT PALES COMPARED TO KOREA WHICH IMPORTED 130% MORE BEEF FROM THE U.S. COMPARED TO A YEAR AGO. BEEF AND PORK EXPORTS IN AUGUST OUTPACED RESULTS FROM A YEAR AGO. BEEF EXPORTS FOR THE MONTH INCREASED 24% IN VOLUME AND 43% IN VALUE, ACCORDING TO DATA RELEASED BY USMEF. FROM JANUARY TO AUGUST, BEEF EXPORTS ARE UP 16% FROM THE SAME PERIOD LAST YEAR. AUGUST PORK EXPORTS WERE UP 9% IN VOLUME AND 16% IN VALUE FROM AUGUST 2009. YEAR TO DATE TOTALS ARE UP 3%.

STATE BY STATE:
AROUND THE COUNTRY STATE BY STATE, HERE ARE THE LATEST HEADLINES. PENNSYLVANIA IS WITNESSING THE AFFECTS OF THE RECENT SLUMP IN DAIRY PRICES. THAT STATE HAS LOST NEARLY 15% OF ITS DAIRY FARMS IN JUST THREE YEARS. DATA FROM THE USDA SHOWS THAT FROM 2006-2009 THE STATE WENT FROM ABOUT 8,600 DAIRIES TO 7,400. THE COLLASPE HIT HOME IN 2009 WHEN OVERPRODUCTION AND REDUCED EXPORTS DROPPED MILK PRICES UNDER $13 DOLLARS, PER HUNDRED. THE MAINE POTATO BOARD SAYS THAT STATE EXPECTS A GREAT HARVEST THIS YEAR. BOARD OFFICIALS SAY RECENT RAINS BROUGHT BY HURRICANE EARL ARRIVED IN TIME TO OFFSET A DRY SUMMER. MAINE GROWERS ALSO ESCAPED DAMAGE FROM LATE BLIGHT-- THE DISEASE IS A REGULAR VISITOR BUT SO FAR NO CASES HAVE BEEN REPORTED. WITH 85% HARVESTED YIELDS APPEAR AVERAGE BUT QUALITY IS HIGH. AND IN INDIANA, BLUE AND GOLD JACKETS ARE MAKING THEIR WAY TO INDIANAPOLIS. THE NATIONAL FFA CONVENTION BEGINS WEDNESDAY. MORE THAN 53,000 YOUNGSTERS FROM ACROSS THE COUNTRY ARE EXPECTED TO ATTEND. THE FOUR DAY EVENT INCLUDES EVERYTHING FROM ASSEMBLIES TO COMPETITIVE EVENTS.  THE CONVENTION IS THE LARGEST ANNUAL YOUTH GATHERING IN THE U.S. I'LL BE THERE THURSDAY..HOPE TO SEE SOME OF YOU THERE.

NASCAR ETHANOL:
IN AGRIBUSINESS, THE CORN ETHANOL INDUSTRY GOT A BOOST THIS WEEKEND AS NASCAR ANNOUNCED IT WILL RACE WITH E15 FUEL IN 2011. NASCAR CHAIRMAN BRIAN FRANCE SAYS CARS RUNNING IN ITS THREE NATIONAL TOURING SERIES WILL RUN ON FUEL PRODUCED BY SUNOCO. THE ETHANOL WILL COME FROM SUNOCO'S NEW ETHANOL PLANT IN FULTON NEW YORK, BUT IT'LL BE BLENDED AT THEIR FUEL PLANT IN PENNSYLVANIA.

MARKETING RALLY:
A REMINDER NOW ABOUT "MARKETING RALLY 2010" COMING THIS DECEMBER JUST OUTSIDE CHICAGO. THIS SECOND ANNUAL EVENT WILL BRING TOGETHER SIXTEEN OF THE BEST MARKETING MINDS IN AGRICULTURE - INCLUDING MANY OF THE ANALYSTS YOU SEE RIGHT HERE ON AGDAY. AGRIBUSINESS DIRECTOR AL PELL ALONG WITH PRO FARMER EDITOR CHIP FLORY WILL LEAD THE DISCUSSIONS. THE EVENT IS SET FOR DECEMBER 1ST AND 2ND AT THE PHEASANT RUN RESORT IN ST. CHARLES, ILLINOIS. FOR THE FULL AGENDA AND REGISTRATION DETAILS, HEAD ONLINE TO WWW.MARKETINGRALLY.COM .

ANALYSIS:
GREGG HUNT

4H AEROSPACE:
HOW WOULD YOUR KIDS LIKE A SCHOOL SCHEDULE LIKE THIS? INSTEAD OF LECTURES AND CLASSROOM WORK, THEY GET OUT OF CLASS FOR A COUPLE OF DAYS TO BUILD MODEL ROCKETS AND KITES! THAT'S WHAT SOME MIDDLE AND HIGH SCHOOL STUDENTS GOT TO DO, AS PART OF 4-H AEROSPACE CAMP. IN THIS REPORT PROVIDED BY UK, JEFF FRANKLIN SAYS THE BUDDING SCIENTISTS ARE USING THEIR KNOWLEDGE OF SCIENCE, ENGINEERING AND TECHNOLOGY. JEFF SAYS THE CAMPERS ALSO GOT A CHANCE TO RIDE IN A HOT-AIR BALLOON...SOUNDS LIKE FUN. STILL TO COME, THE CHANGING FACE OF CELERY. DETAILS IN FOOD AND YOUR FAMILY.

GOOD SALT:
AND WE'VE ALL HEARD THE RECENT PLEDGES BY FOOD COMPANIES TO REDUCE SALT AND SODIUM IN OUR FOODS. NOW RESEARCHERS ARE SAYING USING THE "RIGHT" SALTS COULD ACTUALLY HELP YOUR HEALTH. SCIENTISTS SAY POTASSIUM CHOLORIDE TASTES AS SALTY AS SODIUM CHLORIDE--COMMON TABLE SALT--BUT ISN'T CONNECTED TO ALL OF THE HEALTH PROBLEMS. IN FACT, THEY'RE LOOKING AT POTASSIUM AS THE POTENTIAL SUBSTITUTE SUBSTANCE. DENCE SHOWS INCREASING POTASSIUM COULD LOWER BLOOD PRESSURE. THE RESEARCH SHOWS THAT IF USED ACROSS THE BOARD IN THE RIGHT AMOUNT, IT COULD LOWER RISK OF DEATH FROM A STROKE BY 8-15% AND CUT THE RISK OF DYING FROM HEART DISEASE BY 6-11%.

RED CELERY:
THE CRUNCHY GREEN VEGETABLE, CELERY AND HAS FOUND A COMFORTABLE HOME IN THE AMERICAN DIET. NOW A FLORIDA BASED COMPANY SAYS IT’S READY TO SHAKE THINGS UP AND IT’S BETTING CONSUMERS WILL TAKE A BITE OF ITS LATEST CREATION. HERE IT IS...RED CELERY. DUDA FARM FRESH FOODS UNVEILED THE ALTERNATIVELY HUED CELERY AT A TRADE SHOW IN ORLANDO OVER THE WEEKEND. THE COMPANY SAYS RESEARCHERS HAVE BEEN WORKING ON THE RED VARIETY FOR NEARLY TWO DECADES. IT WAS CREATED THE OLD FASHIONED WAY-- BY CROSS POLLINATING AN EXISTING GREEN COMMERCIAL VARIETY WITH AN OLD-WORLD HERITAGE CELERY ROOT. THE RESULT IS A DIFFERENT COLOR BUT ACCORDING TO THE COMPANY THE FLAVOR IS THE SAME.

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 .

 

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close