AgDay Daily Recap -August 7, 2013

August 7, 2013 04:57 AM
 

TODAY ON AGDAY

AUGUST 7, 2013

 

PORCINE REPRODUCTIVE AND RESPIRATORY SYNDROM:

GOOD MORNING I'M CLINTON GRIFFITHS. IT'S A ONE BILLION DOLLAR DISEASE HERE IN THE U.S. PORCINE REPRODUCTIVE AND RESPIRATORY SYNDROM OR PRRS--CAN CAUSE BIG PROBLEMS FOR PORK PRODUCERS. BUT THERE'S HOPE ON THE HORIZON.

DAIRY TRANSPACIFIC PARTNERSHIP:

WORK BETWEEN THE U-S AND ASIAN COUNTRIES IS ONGOING AS NEGOTIATIONS CONTINUE IN THE TRANSPACIFIC PARTNERSHIP. THAT'S A FREE TRADE AGREEMENT CURRENTLY BEING NEGOTIATED.

BEEF INVENTORY:

USUALLY ABOUT THIS TIME, THE USDA ROLLS OUT IT'S MID-YEAR CATTLE INVENTORY REPORT. THAT REPORT ALONG WITH OTHERS WAS CANCELLED THIS YEAR. WELL A GROUP FROM THE LIVESTOCK MARKETING INFORMATION CENTER TOOK IT UPON THEMSELVES GIVE IT THEIR BEST GUESS.

BEEF ASSISTANCE:

IN AN EFFORT TO HELP CATTLEMEN STILL DEALING WITH SEVERE DROUGHT, USDA IS OPENING MORE CRP ACRES FOR EMERGENCY HAYING AND GRAZING. IT'S ALSO DROPPING THE PENALTY FOR USING ACRES--IT WAS A 25 PERCENT REDUCTION IN PAYMENT--THAT'S NOW JUST A 10 PERCENT DROP. CONTACT YOUR LOCAL FSA OFFICE FOR AREA DETAILS.

CROP WATCH:

FROM THE CORNBELT TO CALIFORNIA'S COTTON COUNTRY - HERE'S THIS MORNING'S CROPWATCH AND MIKE HOFFMAN.

ANDERSONS RAIL CAR:

IN AGRIBUSINESS TODAY - GRAIN COMPANY, THE ANDERSONS, CONTINUES TO DIVERSIFY ITS PORTFOLIO. THE COMPANY ANNOUNCED IT HAS ENTERED INTO AN AGREEMENT TO ACQUIRE A RAIL-CAR REPAIR BUSINESS, CALLED 'MILE RAIL'. MILE-RAIL IS BASED IN KANSAS CITY. THE COMPANY REPAIRS AND CLEANS ALL TYPES OF RAILCARS THAT HAUL BOTH HAZARDOUS AND NON-HAZARDOUS MATERIALS. CEO MIKE ANDERSON SAYS THIS PURCHASE COMPLEMENTS THE ANDERSONS CURRENT RAILCAR REPAIR NETWORK.

CORN EXPORT DOMINANCE:

THE U.S. DOMINANCE OF WORLD CORN EXPORTS IS IN DECLINE. THAT'S ACCORDING TO NEW DATA FROM THE USDA'S ECONOMIC RESEARCH SERIVCE. HISTORICALLY U.S. PRODUCERS SHIPPED BETWEEN 50 AND 75 PERCENT OF ALL WORLD CORN EXPORTS. HOWEVER IN THE LAST TEN YEARS, THAT NUMBER HAS CONTINUALLY FALLEN THANKS TO COMPETITION FROM COUNTRY'S LIKE BRAZIL, ARGENTINA AND UKRAINE. THIS YEAR--DUE MOSTLY TO SHORT SUPPLIES AND HIGH PRICES, THE U.S. SHARE WILL BE LESS THAN 20 PERCENT.

ANALYSIS:

MEANWHILE, WHEAT EXPORTS ARE PROVING STRONG THIS YEAR. THE NATIONAL ASSOCIAITON OF WHEAT GROWERS SAYS SO FAR, NEW CROP WHEAT SALES TO CHINA ARE UP NEARLY 9 TIMES THE FIVE YEAR AVERAGE. AS AL PELL FOUND OUT IN THIS MORNING'S ANALYSIS THAT COULD BE A GOOD SIGN FOR WHEAT MARKETS.

RISING FROM ASHES:

YOU WORK HARD TO MAKE A LIVING FOR YOU AND YOUR FAMILY. YOU SINK EVERYTHING YOU HAVE INTO IT - TO ENJOY THE SUCCESS OF RUNNING YOUR OWN BUSINESS. BUT SOMETIMES THOSE DREAMS GO UP IN FLAMES. THAT WAS CASE FOR DON MC-CANDLESS OF FLOYDADA, TEXAS. HE GOT THE PHONE CALL THAT MAKES YOUR HEART SINK. BUT HE ALSO QUICKLY LEARNED JUST HOW MUCH OF A FAMILY RURAL TEXANS CAN BE.  WITH HELP FROM AGDAY AFFILIATE FOX-34 IN LUBBOCK AND THE TEXAS FARM BUREAU, CURT LIE-KEST'-ER SHOWS HOW THE COMMUNITY PULLED TOGETHER TO HELP ONE OF THEIR OWN.

UNHEALTHY CONSUMERS:

FAST FOOD, AND RESTAURANTS ARE WORKING HARD TO EXPAND THEIR HEALTHY OPTIONS.
PROBLEM IS, MANY OF US APPRENTLY JUST DON'T CARE.

GROCERY CHANGES:

AND ACCORDING TO PACKAGED FACTS THE GROCERY INDUSTRY IS IN THE MIDST OF SOME OF ITS BIGGEST CHANGES IN HISTORY. IT HAS A NEW REPORT OUT HIGHLIGHTING THE RISING COMPETITION FOR SUPERMARKETS AND GROCERY STORES. IT SAYS BIG BOX RETAILERS, SUPERCENTER AND WAREHOUSE CLUBS ARE GAINING ON THE TRADITIONAL GROCERY STORE. PLUS, SMALLER RETAIL CHAINS, DRUGSTORES, AND DOLLAR STORES ARE ALSO EATING INTO MARKET SHARE.

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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