AgDay Daily Recap -December 4, 2013

December 4, 2013 03:57 AM
 

TODAY ON AGDAY

DECEMBER 4, 2013

 

LUCAS FARM BILL:

GOOD MORNING I'M CLINTON GRIFFITHS. THE LEADING MEMBERS OF THE FARM BILL CONFERENCE COMMITTEE PLAN TO SIT DOWN LATER TODAY. LUCAS ALSO DIDN'T RULE OUT HAVING THE FARM BILL ATTATCHED OR ATTACHING OTHER BILLS TO THE FINAL BILL AS IT GOES FOR A VOTE. ON AN EXTENSION, LUCAS ONLY FAVORS A RELATIVELY SHORT EXTENSION RATHER THAN A ONE OR TWO YEAR PASS.

OHIO STATE ZULAUF:

AS LUCAS STATED, THE FARM BILL CONFERENCE COMMITTEE HAS A LOT TO SORT-OUT BEFORE IT CAN MOVE FORWARD. THERE ARE SIGNIFICANT DIFFERENCES IN FOOD STAMPS, CROP INSURANCE, THE DAIRY PROGRAM - TO NAME JUST A FEW OHIO STATE AG ECONOMIST CARL ZOO-LAUF SAY IT'S A FIFTY-FIFTY SPLIT ON WHETHER THERE'S A NEW FARM BILL OR ANOTHER EXTENSION.

WASDE REPORT:

PART OF THE FARM BILL WORK INVOLVES A SAFETY NET FOR AMERICA'S LARGEST CROPS. NEXT TUESDAY, USDA RELEASES IT'S LATEST SUPPLY DEMAND ESTIMATES FOR THE U.S. AND ABROAD.

SOYBEAN EXPORTS:

WITH BRAZIL AND SOUTH AMERICA IN THEIR SLOW PERIOD--WORLD BUYERS ARE TURNING TO AMERICAN BEANS. THAT'S HELPING SOYBEANS REMAIN IN HIGH DEMAND IN THE WORLD MARKET.

CHINA CORN SHIPMENT:

THE USDA EXPECTS CHINA TO IMPORT ABOUT 7 MILLION TONS OF CORN. HOWEVER THOSE U.S. SHIPMENTS MAY COME TO STANDSTILL.

BUYERS ARE CONSIDERING STOPPING PURCHASES FROM THE U.S. AFTER FINDING SHIPMENTS WITH A NON-APPROVED GMO VARIETY. INDUSTRY WATCHERS SAY THE DISCOVERY COULD END IMPORTS OF U.S. CORN FOR SEVERAL MONTHS...WHICH WOULD LIKELY WEIGH ON PRICES ALREADY SOME 40 PERCENT LOWER THAN LAST YEAR.

ROMANIA CHINA LIVESTOCK:

CHINESE OFFICIALS SAY THEY'VE AGREED TO A LARGE LIVESTOCK ORDER FROM ROMANIA.

THAT COUNTRY WILL BE SHIPPING SOME 500-THOUSAND CATTLE AND 3 MILLION PIGS TO THE ASIAN GIANT IN THE COMING YEARS. SOME IN THE ROMANIAN FOOD INDUSTRY QUESTION WHETHER THE COUNTRY CAN KEEP UP WITH CHINESE DEMAND.

CROP WATCH:

MIKE HOFFMAN IS TRAVELING THIS WEEK TO MEET WITH THE MONTANA STOCK-GROWERS ASSOCIATION. METEOROLOGIST CINDI CLAWSON IS FILLING IN THIS MORNING.

CHRISTMAS TREE ROT:

CHRISTMAS TREE FARMERS - LIKE ROW-CROP PRODUCERS - HAVE TO WORRY ABOUT DISEASE IN THEIR CROPS. BUT WHEN TREE GROWERS LOSE A CROP, IT'S A LOSS MEASURED IN YEARS NOT JUST ONE GROWING SEASON. THIS YEAR GROWERS IN NORTH CAROLINA ARE REPORTING PROBLEMS ASSOCIATED WITH TREE ROT. BUT FARMERS ARE ALSO FINDING SOME SUCCESS IN A VARIETY OF A TREE CALLED "TURKISH FIR'. ALLEN BREED HAS OUR STORY FROM THE ASSOCIATED PRESS.

ANALYSIS:

FURTHER TO THE NORTH CHINA CONTINUES TO BE A MAJOR PLAYER IN U.S. GRAIN EXPORTS.

FARM DIRECTOR AL PELL DISCUSSES RECENT TRENDS IN THIS MORNING'S ANALYSIS.

SCRAP METAL ARTIST:

THE EXPRESSION, "ONE MAN'S TRASH IS ANOTHER MAN'S TREASURE" LITERALLY APPLIES TO THE LARGER-THAN-LIFE FOLK ART A SOUTH DAKOTA SCULPTURE CREATES. THE SCRAP METAL JOHN LOPEZ MOLDS INTO HUGE OUTDOOR STATUES STAND OUT IN HIS HOME STATE AND AT NUMEROUS LOCATIONS ALL ACROSS THE COUNTRY. CLIFF NAYLOR INTRODUCES US TO A UNCONVENTIONAL ARTISAN.

SALVATION ARMY COOK:

AN EXECUTIVE CHEF IN MINNESOTA FOUND HIS TRUE CALLING - AND PERHAPS SOME ANSWERS TO LIFES' QUESTIONS - IN A SOUP KITCHEN.

 

 

 
 
 
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