AgDay Daily Recap -February 3, 2014

February 3, 2014 01:57 AM
 

TODAY ON AGDAY

FEBRUARY 3, 2014

 

CATTLE INVENTORY:

GOOD MORNING I'M CLINTON GRIFFITHS. THE U.S. CATTLE HERD IS NOW AT IT'S LOWEST POINT SINCE 1951--IT'S 7TH STRAIGHT YEAR OF DECLINE. STATE BY STATE - HERE'S HOW CATTLE ON FEED STACK-UP. TEXAS CONTINUES TO LOSE GROUND. IT'S NOW TIED WITH NEBRASKA AS THE TOP FEEDING STATE. BOTH STATES HAVE TWO-POINT-45 MILLION HEAD. KANSAS COMES IN THIRD WITH TWO-POINT-ONE MILLION HEAD.

BEEF:

AS A REFLECTION OF THE INVENTORY REPORT, NATIONAL BEEF PACKING COMPANY ANNOUNCED FRIDAY IT WILL CLOSE A PROCESSING PLANT IN BRAWLEY, CALIFORNIA. THE CLOSING WILL IMPACT 13-HUNDRED WORKERS. THE COMPANY SAYS A DECLINING SUPPLY FED CATTLE WAS KEY TO THEIR DECISION. NATIONAL BEEF BOUGHT THE PLANT IN 2006. THE LAST OF PRODUCTION IS APRIL FOURTH.

NCBA CONVENTION:

THE 2014 CATTLE INDUSTRY CONVENTION KICKS OFF LATER THIS WEEK. RANCHERS AND INDUSTRY LEADERS ARE HEADED TO NASHVILLE FOR THIS YEARS MEETING. AMONG THE DISCUSSION WILL BE THE 2014 FARM BILL, RECORD HIGH PRICES, AND LOWER FFED COSTS. I'LL BE THERE STARTING TOMORROW AND BRING YOU CONVERAGE AND ANALYSIS FROM THE EVENT THROUGHOUT THE WEEK.

UREA PLANT:

UP NORTH NEAR BEULAH NORTH DAKOTA, PLANS TO BUILD A UREA FERTILIZER PLANT ARE MOVING FORWARD. THE DAKOTA GASIFICATION COMPANY SAYS IN 3 YEARS IT HOPES BE PRODUCING 11-HUNDRED TONS OF GRANULATED UREA A DAY. THE 400 MILLION DOLLAR PROJECT WILL ALSO INCLUDE A STORAGE FACILITY WITH 53-THOUSAND TON CAPACITY.

KEYSTONE PIPELINE:

THE PROPOSED KEYSTONE XL OIL PIPELINE HAS CLEARED A SIGNIFICANT HURDLE. THE STATE DEPARTMENT RAISED NO MAJOR ENVIRONMENTAL OBJECTIONS TO ITS CONSTRUCTION. THE DEPARTMENT'S REPORT WAS RELEASED FRIDAY.  IT SAYS CANADIAN TAR SANDS ARE LIKELY TO BE DEVELOPED REGARDLESS OF U.S. ACTION. ADDING, OTHER OPTIONS TO GET THE OIL TO THE TEXAS GULF COAST REFINERIES ARE WORSE FOR THE ENVIRONMENT. THE REVIEW STOPS SHORT OF RECOMMENDING APPROVAL OF THE PROJECT...LEAVING THAT DECISION TO THE CURRENT ADMINISTRATION.

CROP WATCH:

HURRICANE SEASON IS MONTHS AWAY BUT FORECASTERS ARE THINKING ABOUT WAYS TO KEEP YOU SAFE WHEN THEY DO HIT. MIKE HOFFMAN HAS DETAILS IN CROPWATCH.

MACHINERY PETE:

MONDAY MEANS MACHINERY PETE. WE CAUGHT-UP WITH PETE LAST WEEK AT TOP PRODUCER SEMINAR IN CHICAGO, WHERE HE TALKED TO US ABOUT THE MARKET FOR USED 200 HORSEPOWER TRACTORS.

ANALYSIS:

WITH THE RECENT COLD WEATHER SNAP, WHY HAVEN'T THE WEATHER MARKETS SEEM TO REACT. DETAILS IN AGRIBUSINESS.

TOP PRODUCER WINNER:

SOUTH DAKOTA FARMER LEE LUBBERS HAS A NEW CREDIT TO HIS NAME - TOP PRODUCER. LEE WAS ONE OF THREE FARMERS WE PROFILED LAST WEEK. THEY WERE ALL NOMINEES FOR TOP PRODUCER OF THE YEAR HONORS FROM OUR PARTNERS AT TOP PRODUCER MAGAZINE. LEE FOUND OUT THURSDAY NIGHT THAT HE WAS JUDGED AS "TOPS". CONGRATULATIONS TO LEE - AND THE OTHER NOMINEES.

INNOVATIVE DAIRY:

MEANWHILE, A BUSY DAIRY OPERATION JUST OUTSIDE GREEN BAY WISCONSIN WAS HONORED AS THE INNOVATIVE DAIRY FARM OF THE YEAR. THAT AWARD IS HANDED OUT EACH YEAR BY THE INTERNATIONAL DAIRY FOODS ASSOCIATION AND OUR PARTNERS AT DAIRY TODAY MAGAZINE. THIS YEAR, AN OPERATION NAMED "MILK SOURCE" BROUGHT HOME TOP HONORS.

FOOD SAFETY RULES:

THE FOOD AND DRUG ADMINISTRATION HAS ISSUED ITS SEVENTH AND FINAL RULE PERTAINING TO THE NEW FOOD SAFETY AND MODERNIZATION ACT. THE RULE FOCUSES ON THE SANITARY TRANSPORTATION OF FOOD PRODUCTS. THE RULE APPLIES TO CERTAIN SHIPPERS, RECEIVERS AND CARRIERS WHO TRANSPORT FOOD BY MOTOR OR RAIL. THEY'RE REQUIRED TO TAKE STEPS TO PREVENT THE CONTAMINATION OF HUMAN FOOD AND ANIMAL FEED DURING TRANSPORTATION. ACCORDING TO THE F-D-A WEBSITE, THIS RULE DOES NOT APPLY TO THE TRANSPORTATION OF FULLY PACKAGED SHELF-STABLE FOODS, LIVE FOOD ANIMALS, OR RAW AGRICULTURAL COMMODITIES WHEN TRANSPORTED BY FARMERS.

TECH AND FOOD:

HOW DOES SOCIAL MEDIA - LIKE TWITTER AND FACEBOOK - IMPACT WHAT AND WHERE WE EAT? QUITE A BIT, IT SEEMS. RABO-BANK INTERNATIONAL JUST RELEASED A NEW REPORT ON TECHNOLOGY AND SOCIAL MEDIA IN THE FOOD INDUSTRY.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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