AgDay Daily Recap -January 29, 2013

January 29, 2013 04:57 AM
 

TODAY ON AGDAY
JANUARY 29, 2013

BEEF JAPAN RESTRICTIONS:

GOOD MORNING I'M CLINTON GRIFFITHS. JAPAN IS RELAXING RESTRICTIONS ON U-S BEEF IMPORTS WHICH COULD HELP FURTHER BUILD EXPORTS FOR THE INDUSTRY.

IMMIGRATION AGREEMENT:

ALSO OUT OF WASHINGTON, LEADERS IN THE SENATE SAY THEY'VE AGREED TO TERMS ON A SWEEPING IMMIGRATION REFORM PLAN. THE BIPARTISAN GROUP SAY WHILE A FEW ISSUES REMAIN TO BE DEBATED THE FRAMEWORK IS IN PLACE TO ADDRESS THE ESTIMATED 11 MILLION ILLEGAL IMMIGRANTS ALREADY IN THE U.S. IT INCLUDES BORDER SECURITY, GUEST WORKERS, E-VERIFY AND A PATH TO CITIZENSHIP. LISTED IN THE GROUPS OUTLINE IS THE ESTABLISHMENT OF AN AGRICULTURAL WORKER PROGRAM.

COTTON PRICES:
COTTON FUTURES HAD A BIG WEEK LAST WEEK, MARKETS HAD THE LONGEST RALLY IN NEARLY TWO YEARS. STRONG DEMAND AND SPECULATION OF LOWER PLANTED ACRES THIS YEAR SUPPORTED THE PRICE HIKE.  EVEN WITH FORECASTS POINTING TO FEWER PLANTED COTTON ACRES, UNCERTAINTY CONTINUES TO SURROUND ACREAGE ESTIMATES. NATIONAL COTTON COUNCIL ECONOMIST GARY ADAMS SAYS THE MARKET IS CURRENTLY SEEING A COMPETITIVE IMPBALANCE, AS CORN AND SOYBEAN PRICES ARE SUPPORTED BY SHORT SUPPLY AFTER LAST YEAR'S DROUGHT. THIS IS ENTICING GROWERS TO PLANT THOSE CROPS OVER COTTON. HOWEVER, HE SAYS IT'S NOT JUST PRICE DRIVING GROWERS' DECISIONS.YIELD IS ALSO A BIG PART OF THE EQUATION. ADAMS SAYS BETTER YIELDS COULD SUPPORT GROWERS' DECISION TO PLANT COTTON THIS YEAR.

CROP WATCH:

TWO DISTINCTIVE "EYE" STATES WITH ONE COMMON PROBLEM. MIKE HOFFMAN HAS DETAILS IN CROPWATCH THIS MORNING. GOOD MORNING MIKE.

LOUISIANA MILK:

IN OUR DAIRY TODAY REPORT, A LOUISIANA SUPERMARKET SAYS ITS HAVING TO DROP A LOW-COST MILK SPEICAL. THE STORE WAS SELLING MILK FOR 2-99 A GALLON AS PART OF A WEEKLY PROMOTION DEAL. BUT, STATE AG OFFICIALS SAY IT'S VIOLATING REGULATIONS AND SELLING BELOW COSTS. RETAILERS IN THAT STATE ARE REQUIRED TO KEEP MARKUPS AT LEAST SIX PERCENT ABOVE COSTS.

INNOVATIVE DAIRY FARM:

THE INTERNATIONAL DAIRY FOODS ASSOCIATION IS HOLDING ITS ANNUAL MEETING THIS WEEK IN ORLANDO FLORIDA.  AS PART OF THE MEETING, THE 2013 WINNER OF THEIR ANNUAL INNOVATIVE DAIRY FARMER OF THE YEAR WAS AWARDED. IT'S SPONSORED BY IDFA AND OUR PARTNERS AT DAIRY TODAY.

ANALYSIS:

COMING UP NEXT MONTH USDA WILL HOST ITS ANNUAL OUTLOOK FORUM. THE FORUM IS WATCHED CLOSELY BY GRAIN TRADERS AS IT GIVES THEM A SENSE OF WHAT USDA ECONOMISTS ARE EXPECTING WHEN IT COMES TO NEW CROP SIZE AND GRAIN STOCKS. FARM JOURNAL'S AGRI-TALK RADIO HOST MIKE ADAMS WILL MODERATE THE DISCUSSION IN WASHINGTON. IN THIS MORNING'S ANALYSIS, FARM DIRECTOR AL PELL DISCUSSES THE POTENTIAL TRADER REACTION.

TOP PRODUCER:

SOME OF THE BIGGEST AND MOST PRODUCTIVE FARMERS IN THE COUNTRY WILL GATHER THIS WEEK IN CHICAGO FOR THE ANNUAL TOP PRODUCER SEMINAR. EACH YEAR OUR COUSINS AT TOP PRODUCER MAGAZINE SELECT A TOP PRODUCER OF THE YEAR. DURING THE NEXT THREE DAYS, WE'LL SHOWCASE THESE GROWERS.

BERRY GOOD:
THERE'S PLENTY OF RESEARCH THAT SHOWS THE HEALTH BENEFITS OF EATING COLORFUL FRUITS, ESPECIALLY BERRIES, ONCE THEY'RE INSIDE YOU. NOW NEW RESEARCH WILL SEE WHAT KIND OF HEALTH BENEFITS THERE ARE WHEN THE COLOR PIGEMENT OF CERTAIN  BERRIES COME IN CONTACT WITH SALIVA IN YOUR MOUTH. THE RESEARCH IS BEING CONDUCTED AT OHIO STATE.

SCHOOL LUNCH STUDY:

AND THE USDA UPDATED THE SCHOOL LUNCH PROGRAM LAST YEAR. SO HOW WELL ARE KIDS EATING THOSE EXTRA VEGETABLES?

 

 
 
 
 
 
 
 
 
 
 
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