AgDay Daily Recap -August 10, 2012

August 10, 2012 05:57 AM
 

TODAY ON AGDAY
AUGUST 10, 2012

USDA REPORT PREVIEW:

Good morning I’m Tyne Morgan in for Clinton Griffiths. The industry will be watching closely this morning when USDA releases its highly anticipated grain reports. There's also been a reduction in the soybean forecast . We'll see who's right when the AG department releases the reports at 7:30 central time. Be sure to click on Agweb.com for the data and analysis.

DROUGHT MONITOR:

The US drought monitor this week shows a very slight improvement in the scope of the drought, but the intensity worsened. The updated map shows 52% of the country in moderate drought or worse. 20% of the lower 48 states are in extreme drought or worse, up a point from the previous week. The intensity expanded in hard-hit Missouri, Arkansas and the central plains.

LOUISIANA CORN:

While the majority of the nation's cornbelt has shriveled in the summer heat. Some corn growers in the southern United States are having a very big year. With about half of the state's corn crop harvested, Louisiana growers are happy with the results. In this report provided by the LSU Agcenter Tobie Blanchard spoke with a corn specialist about the season. 

CROP WATCH:
Let's turn our attention to some other parts of the country. Mike Hoffman joins us with cropwatch.

MACHINERY MINUTE:

In machinery minute - lower projected yields could create issues for combines this harvest. Farm Journal's Dan Anderson says this harvest will separate combine drivers from combine operators. To be prepared for the upcoming challenges, Anderson has some tips.

PROFIT BRIEFING:

Our cousins at Agweb have a poll about today's USDA report and expected yields. Of the 25-hundred votes, a majority expect the yield under 130 bushels an acre. Go to Agweb.com to cast your vote. Meanwhile, recent cornbelt rains are too late to save much of the corn crop; they are a big maker of the soybean crop. Soybean futures are off their November highs.

If you're not a subscriber to the Profarmer newsletter, here's what you'll be missing when their weekly report comes out later today. The team will have detailed analysis of USDA's first survey-based corn and soybean crop estimates. They'll also see how rains are failing to slow the spread of 'extreme' drought From their capitol hill office - don’t look for a quick decision on corn-based ethanol mandate. And the Senate version of the Farm Bill may have 'blue slip' issue. What is it? And how will it impact the legislation as it moves forward?

FIREWISE:

This is what fire fighters in Oklahoma have been dealing with the last couple of weeks. According to the state's department of AG, roughly 90 thousand acres have burned since July 31st. And without rain in the forecast that number almost sure to go up. It’s a reminder that living so close to nature comes not just with pleasures but also perils. Dave Deken with Oklahoma State’s Sunup TV has some tips on keeping your home safe from fire. One other terry tip---make sure your property has plenty of room for emergency vehicles to work and turn around. Too tight of quarters and they may be forced to move on for safety's sake. If you'd like to learn more go to firewise.org.

FOOD AND YOUR FAMILY:

In food and your family, while food prices are expected to increase later this year due to the drought, the UN Food price index jumped 6% in July. That's after three months of index declines. Even though we continue to hear about small businesses struggling through these economic times, one area that's thriving is breweries. Craft beers are growing in demand despite weaker overall beer sales in the US.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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