AgDay Daily Recap -August 13, 2013

August 13, 2013 04:57 AM
 

TODAY ON AGDAY

AUGUST 13, 2013

 

USDA REPORT:

GOOD MORNING I'M CLINTON GRIFFITHS. DESPITE THE WET, SLOW START TO PLANTING IN THE MIDWEST, THE GOVERNMENTS THINKS THERE IS STILL A HUGE CORN CROP OUT THERE.

GRAIN STOCKS:

SINCE THE AG DEPARTMENT LOWERED ITS PRODUCTION ESTIMATES, THE DEPARTMENT ALSO LOWERED THE SUPPLY AND DEMAND ESTIMATES IN BEANS AND CORN. CORN ENDING STOCKS CAME IN AT ABOUT ONE-POINT-EIGHT BILLION BUSHELS, 122 MILLION BUSHELS LOWER THAN LAST MONTH'S ESTIMATE.

WHEAT PRODUCTION:

WHEAT PRODUCTION IS FORECAST DOWN FROM 2012. USDA LOWERED THE BUSHELS BY SEVEN PERCENT TO JUST OVER TWO BILLION BUSHELS. THE AG DEPARTMENT ALSO LOWERED SLIGHTLY THE ALL WHEAT YIELD TO 46 BUSHELS AN ACRE.

COTTON PRODUCTION:

USDA'S REPORT ALSO INCLUDED THE FIRST PRODUCTION FORECAST FOR U-S COTTON. NASS FORECASTS ALL COTTON PRODUCTION AT JUST OVER 13 MILLION BALES, DOWN 25 PERCENT FROM LAST YEAR. YIELD IS EXPECTED TO AVERAGE 813 POUND PER HARVESTED ACRE, DOWN 74 POUNDS FROM LAST YEAR.

CROP PROGRESS:

A BUSY DAY AT USDA. THE AGENCY ALSO UPDATED IT'S WEEKLY CROP PROGRESS. AND IN MANY AREAS, MATURITIES ARE LAGGING.

CROP WATCH:

WE KNOW WHAT USDA SAYS IS HAPPENING IN FARM COUNTY. BUT WHAT DO THE PRODUCERS SAY? FOR MORE ON THAT WE TURN TO METEOROLOGIST CINDI CLAWSON. SHE'S IN FOR OUR OWN MIKE HOFFMAN THIS WEEK. GOOD MORNING CINDI.

P.E.D. VIRUS:

PORCINE EPIDEMIC DIARRHOEA OR P-E-D IS RELATIVELY NEW TO THIS COUNTRY. BUT NEW INFORMATION FROM THE ASSOCIAITON OF SWINE VETERINARIANS, SHOWS IT'S SPREADING FAST.

DAIRY EXPORTS:

IN NEWS FROM OUR PARTNERS AT DAIRY TODAY - THE U-S DAIRY INDUSTRY APPEARS TO BE BENEFITTING SIGNIFICANTLY FROM THE GLOBAL MARKET.  THE U-S DAIRY EXPORTS COUNCIL SAYS U-S DAIRY EXPORTERS SHIPPED RECORD VOLUMES IN THE FIRST HALF OF 2013. THE U-S IS CAPITALIZING ON STEADY GLOBAL DEMAND, FALTERING PRODUCTION FROM OTHER SUPPLIERS AND FAVORABLE PRICING. IN THE FIRST HALF, U-S EXPORTS OF MILK POWDER, CHEESE, BUTTERFAT AND WHEY WERE UP NINE-PERCENT WHILE NEW ZEALAND SHIPMENTS WERE UP JUST FOUR PERCENT, THE E-U WAS DOWN NINE-PERCENT AND AUSTRALIA WAS DOWN TEN-PERCENT.
FARM SIZE:

USDA'S ECONOMIC RESEARCH SERVICE JUST RELEASED NEW DATA ON THE SIZE OF U-S FARMS. AND PERHAPS IT'S NO SURPRISE BUT THE SHIFT HAS BEEN TOWARDS LARGER FARMS. IN THE 1980'S, MOST FARMS WERE LESS THAN 600 CROP ACRES. NOW, IT'S OVER 11-HUNDRED ACRES. THE NUMBER OF MID-SIZED FARMS HAVE DECLINED. BUT THERE WERE INCREASES IN NOT ONLY THE LARGEST FARMS, BUT THE NUMBER OF VERY SMALL FARMS AS WELL. ONE OTHER NOTE - THE INCREASE WAS NOTED IN BOTH CROP AND LIVSTOCK PRODUCTION. FOR INSTANCE IN 1987, THE MID-POINT SIZE FOR A DAIRY COW HERD WAS 80 HEAD. NOW, IT'S 570 HEAD.

LIGHTSQUARED:

IN AGRIBUSINESS THE WIRELESS COMMUNICATION'S COMPANY LIGHTSQUARED HAS A BONE TO PICK. REUTERS REPORTS THAT HARBINGER CAPITAL--THE MONEY BEHIND THE LIGHTSQUARED PROJECT IS SUEING SEVERAL COMPANIES THAT STOOD IN OPPOSITION TO THE WIRELESS NETWORK DUE TO IT'S POTENTIAL TO INTERRUPT GPS NAVIGATION.

ANALYSIS:

NOW THAT THE REPORTS ARE OUT, TRADERS WILL BE SPENDING THE NEXT FEW DAYS POURING OVER THE DATA. ON MONDAY GRAINS PRICES WERE UP ACROSS THE BOARD BUT OVERALL, PRICES ARE DOWN THIS SEASON COMPARED TO LAST. IN THIS MORNING'S ANALYSIS, FARM DIRECTOR AL PELL TALKS DISCUSSES WHAT FALLING PRICES MEAN FOR FARMERS AND THE INDUSTRY.

OHIO HONEY:

FOUR YEARS AGO THIS WEEK, NATIONAL HONEY BEE DAY BEGAN AS A WAY TO PROMOTE THE VALUE OF BEES AND BEEKEEPING.  THIS MORNING, JOE CAMORIANO TAKES US TO A BEE COLONY AT OHIO STATE UNIVERSITY TO FIND OUT WHAT RESEARCHERS ARE DOING TO PROTECT THE HEALTH OF HONEY BEES.

SUPER HONEY:

WE ALL KNOW THE GOODNESS OF PURE HONEY--BE IT ON TOAST OR IN BAKED GOODS. BUT NOW IT SEEMS THE SWEET SYRUP IS MAKING ITS WAY INTO THE MEDICAL FIELD.

CHILDHOOD OBESITY:

AND WITH KIDS HEADING BACK TO SCHOOL, NEW RESEARCH SAYS LUNCH TIME IS PARTLY TO BLAME FOR CHILDHOOD OBESITY RATES. RESEARCHERS AT THE UNIVERSITY OF MICHIGAN FOUND THAT SCHOOL LUNCH CONSUMPTION AND WATCHING TWO OR MORE HOURS OF TV A DAY INCREASED THE CHANCES OF A STUDENT BEING OVERWEIGHT. TOO MUCH SCREEN TIME, TAKES AWAY FROM TIME SPENT IN PHYSICAL ACTIVITY. WHILE EATING THE SCHOOL LUNCH WAS LESS ABOUT THE HEALTHINESS OF THE FOOD AND MORE ABOUT SOCIOECONOMIC STATUS--KIDS FROM POORER FAMILIES WERE MORE LIKELY TO BE OBESE.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ​;
 
 
 
 
 
 
 
 
 
 
&n​bsp;
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
&​nbsp;
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
​ 
 
 
 
 
 
 
 
 
 
 
 <​/span> 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
&​nbsp;
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
​ 
 
 
 
 
 
 
 
 
 
 
 <​/span> 
 
 
 
 
 
 
 
 
 
 
&​nbsp;
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
&nbs​p;
 
 
 
 
 
 
 
 
 
 
 
 
&n​bsp;
 
 

CONTACT:
We'd love to hear from you! Contact us at 800-792-4329. Or drop an email to inbox@agday.com. You can also check us out on Facebook.

 

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