AgDay Daily Recap -December 19, 2013

December 19, 2013 03:57 AM
 

TODAY ON AGDAY

DECEMBER 19, 2013

 

ADM:

GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON GRIFFITHS. EVEN WITHOUT TAX INCENTIVES AND ATTRACTIVE BIDS FROM OTHER MAJOR CITIES, A LARGE AGRICULTURAL COMPANY ISN'T SAYING GOOD-BYE TO THE LAND OF LINCOLN.

BPI HEARING:

IN OTHER NEWS - WE WON'T HEAR BEFORE THE NEW YEAR ON WHETHER A LAWSUIT AGAINST ABC NEWS WILL BE TOSSED OUT OF COURT. SOUTH DAKOTA-BASED BEEF PRODUCTS INCORPORATED IS SUING THE NEWS NETWORK OVER COVERAGE OF LEAN, FINELY TEXTURED BEEF.

CHINA SEED:

AN UPDATE TO THE SEED ESPIONAGE CASE WE'VE BEEN COVERING. ONE OF THE SUSPECTS IN THE KANSAS CASE IS BEING DETAINED IN FEDERAL COURT FOR THE TIME BEING.

CHINA TRADE:

MEYER SAYS HE THINKS THE SMITHFIELD ACQUISITION WILL ONLY CAUSE U-S PORK EXPORTS TO CHINA TO GROW EVEN FASTER.

PAULS TAX TIPS:

LAST YEAR AT THIS TIME WE DISCUSSED POTENTIAL TAX CHANGES FOR THE NEXT YEAR. TODAY, WE'RE KICKING THAT SERIES OFF AGAIN. AND WE HAVE OUR TAX EXPERT PAUL NEIFFER IN THE HOUSE. HE SAYS WHILE SECTION 179 WILL DECREASE FROM CURRENT LEVELS STARTING JANUARY 1, HE SEES THAT CHANGING IN DECEMBER OF 2014.

CROP WATCH:

LET'S GET OUR FIRST LOOK AT WEATHER ACROSS the COUNTRY WITH METEOROLGIST MIKE HOFFMAN.

2014 CATTLE PRICES:

IN BEEF TODAY, 2013 PROVED TO BE A MIXED BAG FOR CATTLE PRODUCERS. PROFARMER'S JULIANNE JOHNSTON SAYS PRODUCERS SAY BOTH RECORD BOXED BEEF AND CASH CATTLE PRCIES. AT THE SAME TIME, USDA'S CATTLE ON FEED REPORT CONTINUED TO SHOW LESS CATTLE ON FEED THAN A YEAR AGO.  BUT JOHNSTON SAYS PRODUCERS DIDN'T SEE CONSISTENT STRONG DEMAND. NOW LOOKING AT 2014, IT'S TIGHTER SUPPLIES THAT COULD CONTINUE TO LEAD THE WAY.

BEEF ECONOMICS:

WHILE CATTLE PRODUCERS COULD SEE EVEN HIGHER PRICES IN 2014, IT HASN'T BEEN AN EASY ROAD THE PAST FEW YEARS. IN LOUISIANA, DROUGHT AND HIGHER INPUT COSTS HAVE BEEN JUST A FEW OF the FACTORS STANDING IN THE WAY. TODAY, TOBIE BLANCHARDS SHOWS US THE ECONOMICS OF RAISING BEEF CATTLE IN LOUISIANA

CHINA CORN EXPORTS:

SECRETARY VILSACK AND U-S TRADE REPRESENTATIVE MICHAEL FROMAN ARE IN CHINA THIS WEEK TO DISCUSS INTELLECTUAL PROPERTY AND TRADE.  BUT WITH RECENT REJECTIONS OF U-S CORN SHIPMENTS, FUTURE CORN EXPORTS TO CHINA COULD BE ON THE LINE.

2014 CORN OUTLOOK:

WHILE THERE ARE HURDLES FOR U-S CORN IN CHINA, WILL OTHER COUNTRIES AND FEED USERS CONTINUE TO PUSH U-S CORN DEMAND THROUGHOUT 2014? LAST WEEK I CAUGHT UP WITH ANGIE MAGUIRE OF CITIZENS GRAIN TO DISCUSS.

DOMESTIC REINDEER:

THIS IS NOT YOUR TYPICAL REINDEER. WHILE OTHERS ARE GEARING UP TO GUIDE SANTA'S SLEIGH, A REINDEER IN FINLAND IS WORKING ON HIS TABLESIDE MANNERS.

TRANS FAT:

IN FOR AND YOUR FAMILY, THE CASE TO BAN TRANS FATS IS RECEIVING MORE TIME FOR COMMENT. THE FOOD AND DRUG ADMINSTRATION ANNOUNCED THIS WEEK ITS EXTENDING THE COMMNET PERIOD DEADLINE 60 DAYS.

PEANUT ROASTING:

IF YOU HAVE FOOD ALLERGIES, YOU UNDERSTAND JUST HOW CAREFUL YOU HAVE TO BE.     
WELL, A NEW STUDY FOUND ROASTED PEANUTS TIRGGER NUT ALLERGIES MORE THAN NON-ROASTED PEANUTS.

 

 

 
 
 
 
 
 
 
 
 
 
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