AgDay Daily Recap -July 11, 2013

July 11, 2013 04:57 AM
 

TODAY ON AGDAY

JULY 11, 2013

 

USDA REPORTS:

GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. THE BEARS ARE READY TO JUMP TODAY AS SOON AS USDA RELEASES THEIR MONTHLY REPORT..AND THAT'S OUR TOP STORY ON AGDAY.

PORK OUTLOOK:

PROSPECTS OF A BETTER CORN AND SOYBEAN CROP THIS YEAR IS GOOD NEWS FOR U-S PORK PRODUCERS. LAST YEAR'S SPIKE IN FEED COSTS CREATED STEEP LOSSES FOR PRODUCERS WHO WERE FORCED TO BUY FEED.

FARM BILL SPLIT:

NOW TO WASHINGTON, OVER 500 FARM GROUPS URGING HOUSE SPEAKER JOHN BOEHNER TO KEEP TEH FOOD AND NUTRITION TITLE IN THE FARM BILL DESPITE THOSE EFFORTS, PRO FARMER WASHINGTON ANALYST JIM WIESEMEYER SEES THE SEPARATION AS A STRONG POSSIBILITY

SURVEY:

JUST A YEAR AGO, CROPS ACROSS THE CORN BELT WERE SHRIVELING AS WATER SHUT OFF AND THE 2012 DROUGHT SET IN. ONE GROUP SAYS COVER CROPS HELPED BOOST YIELDS DURING THE SEVERE DRY SPELL.

SOYBEAN CONDITION:

THE 2012 SOYBEAN CROP STRUGGLED WITH THE DROUGHT. LAST YEAR AT THIS TIME JUST A THIRD WAS GOOD. AND IT WENT DOWNHILL FROM THERE. THIS YEAR, HOWEVER, USDA SAYS MORE THAN HALF OF THE NATION'S CROP IS GOOD WITH SOUTHERN GROWERS LEADING THE WAY. KENTUCKY, MISSISSIPPI AND TENNESSEE SHOW CROP RATINGS IN THE UPPER 70'S AND LOW 80'S.

SOYBEAN RESEARCH:

MUCH OF NORTHEAST LOUISIANA'S ECONOMY IS FUELED BY AGRICULTURE, AND SOYBEANS ARE A MAJOR COMMODITY IN THE REGION.  IN THIS REPORT FROM THE LSU AGCENTER,

TOBIE BLANCHARD LOOKS AT SOME OF THE RESEARCH BEING CONDUICTED WHICH WILL HELP FARMERS.

CRUDE OIL:

IN AGRIBUSINESS TODAY, CRUDE OIL FUTURES HAVE RISEN TO THE HIGHEST LEVEL IN MORE THAN A YEAR. FUTURES TRADED ABOVE 105 DOLLARS A BARRELL FOR THE FIRST TIME SINCE MAY 2012. THIS COMES AFTER WEEKLY U-S CRUDE OIL SUPPLIES FELL SHARPLY COMPARED TO ANALYST EXPECTATIONS.

ANALYSIS:

WHILE THE MUCH ANTICIPATED MONTHLY WASDE REPORT WILL BE RELEASED TODAY, ANALYSTS THINK THE BEARS WILL CONTINUE TO MAKE HEADLINES. I CAUGHT UP WITH BOB UTTERBACK A COUPLE WEEKS AGO. HE SAYS THE TIME TO SELL IS NOW.

ARKANSAS TOMATOES:

THERE'S NOTHING LIKE PICKING A FRESH-GROWN TOMATO FROM YOUR GARDEN IN SUMMERTIME. AND IN BRADLEY COUNTY ARKANSAS, IT'S 'ALL' ABOUT THE TOMATO. THE VINE GROWN CROP IS AN IMPORTANT ECONOMIC DRIVER IN THAT PART OF THE STATE. BUT A COLD, WET SPRING MADE FOR A TOUGH START TO THE GROWING SEASON.  KEN MOORE HAS DETAILS IN THIS REPORT PROVIDED BY THE ARKANSAS FARM BUREAU.

FRUIT CONSUMPTION:

IN FOOD AND YOUR FAMILY, DESPITE ALL THE COMMERCIALS AND EFFORTS TO GET PEOPLE TO EAT MORE FRUITS AND VEGETABLES, IT APPEARS U-S CONSUMERS ARE EATING LESS OF THE FRESH PRODUCE.

MUD DAY:

AND FINALLY, IT'S EVERY MOTHER'S NIGHTMARE, BUT A KID'S FANTASY. AND NEAR DETROIT, IT ALL CAME TO LIFE AT WHAT THEY CALL MUD DAY.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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