AgDay Daily Recap -June 19, 2013

June 19, 2013 04:57 AM
 

TODAY ON AGDAY

JUNE 19, 2013

 

FARM BILL ACTION:

GOOD MORNING I'M CLINTON GRIFFITHS. HOUSE DEBATE OVER THE FARM BILL RUNS INTO THE EVENING AS LAWMAKERS ATTEMPT TO TRIM DOWN A LONG LIST OF AMENDMENTS.

COTTON CONDITION:

IN OTHER NEWS..THE U-S COTTON CROP IS NEARLY ALL PLANTED. BUT THE QUALITY IS STRUGGLING. THE CROP PROGRESS REPORT SHOWS 95-PERCENT IS PLANTED, JUST TWO POINTS BEHIND AVERAGE. TEN PERCENT IS SQUARING - WHICH IS HALF OF THE 5 YEAR AVERAGE. THE BIGGEST DELAYS ARE IN ARKANSAS AND LOUISIANA. BUT IN CALIFORNIA, THE CROP IS WELL AHEAD OF AVERAGE. NOW TO CONDITION 39-PERCENT IS FAIR, ANOTHER THIRD IS GOOD AND JUST EIGHT PERCENT IS EXCELLENT.

SUPPLY AND DEMAND REPORT:

LAST WEEK'S SUPPLY AND DEMAND REPORT SHOWS U-S COTTON STOCKS ARE ON A PATH TO THE LOWEST LEVEL IN THREE YEARS. THAT'S BASED ON THE PRESUMPTION OF LOWER PRODUCTION. USDA TRIMMED THE U.S. CROP BY A HALF MILLION BALES TO 13 POINT 5 MILLION. THAT COULD PUT U.S. STOCKS ARE THEIR LOWEST LEVEL SINCE THE 2010-11 CROP YEAR. THE REDUCED FORECAST COMES AS GLOBAL SUPPLIES OUTSIDE OF CHINA HAVE BEEN TIGHTENING DUE TO HEAVY DEMAND FROM THE WORLD'S TOP TEXTILE MARKET.

CHINA COTTON:

SOME OF THOSE BIG USERS OF U-S COTTON ARE GETTING A CLOSER LOOK AT THE INDUSTRY.

TEXTILE EXECUTIVES FROM EIGHT CHINESE MILLS AND TWO HONG KONG MILLS JUST WRAPPED-UP A TOUR OF THE U-S COTTON BELT.  THEIR STOPS INCLUDED THIS COTTON WAREHOUSE IN GREENWOOD, MISSISSIPPI. THEY WANTED TO GET A CLOSE LOOK AT U-S COTTON PRODUCTION, PROCESSING AND MARKETING. THEY ALSO WANT TO MEET WITH U.S. EXPORTERS.  AS I SAID, CHINA IS THE LARGEST CONSUMER OF U-S GROWN COTTON. HONG KONG RANKS 18TH. THE TRADE GROUP - COTTON COUNCIL INTERNATIONAL -  SAYS THESE TRADE MISSIONS ARE VITAL BECAUSE U.S. COTTON HAS BECOME HIGHLY RELIANT ON HEALTHY EXPORTS.

CROP WATCH:

IN CROPWATCH, WET FIELDS DELAY POTATO GROWERS IN THE NORTHEAST. AND IN THE SOUTHEAST, MONITORING FOR AN OUTBREAK OF A SOYBEAN KILLING DISEASE. CINDI CLAWSON HAS DETAILS THIS MORNING IN THE AGDAY WEATHER CENTER. GOOD MORNING CINDI.

RURAL HEALTH CARE:

A GROWING NUMBER OF SCHOOLS NATIONWIDE ARE SENDING TAKE-HOME FOOD WITH STUDENTS FOR THE WEEKEND. SOMETIMES IT'S THE ONLY GUARANTEED MEAL THEY GET. IN SOME RURAL PARTS OF THE COUNTRY, SCHOOL DISTRICTS ARE TAKING ON THE ADDED STEP TO PROVIDE IN-SCHOOL HEALTHCARE FOR THEIR STUDENTS. ONE OF THOSE DISTRICTS IS LOCATED IN THE OZARKS. STEVE GRANT FROM AGDAY AFFILIATE K-Y-TV HEADS TO THE TOWN OF YELLVILLE, ARKANSAS WHERE STARTING NEXT FALL, ANYTIME DURING THE CLASS DAY, THE DOCTOR IS IN.

BLUE DIAMOND:

IN AGRIBUSINESS TODAY THE BIGGEST ALMOND PROCESSOR IN THE WORLD IS EXPANDING ITS OPERATIONS ON CONTINUING DEMAND FOR THE TREE NUTS.  BLUE DIAMOND HELD A GRAND OPENING ON NEWEST PRODUCTION PLANT IN TURLOCK, CALIFORNIA.

ANALYSIS:

GRAIN MARKETS WERE MOSTLY SIDEWAYS TUESDAY. TRADERS CONTINUE TO WAIT FOR THE USDA'S NEXT BIG ACREAGE REPORT SET FOR JUNE 28TH. IN ANALYSIS THIS MORNING, FARM DIRECTOR AL PELL TALKS PERCEPTIONS AND WHO'S RUNNING MARKETS, THE BULLS, THE BEARS OR NOTHING? AL?

ANGUS:

GROWING UP ON A RANCH OR FARM WITH LIVESTOCK, YOU KNOW THAT WHEN YOUR NON-FARMING FRIENDS ARE HAVING FUN DURING SUMMER VACATION YOU'RE GOING TO BE BUSY IN THE BARN. I KNOW FIRST HAND MONOTANY OF DOING CHORES. BUT THOSE LIFE-LESSONS CAN PAY-OFF BIG. IN THIS REPORT PROVIDED BY THE AMERICAN ANGUS ASSOCIATION, WE HEAR FROM A YOUNG WOMAN IN NORTHWEST ARKANSAS WHO KNOWS THAT HER WORK ETHIC WAS DEVELOPED ON THE FARM AND IN THE SHOWRING.

FARMERS MARKET:

AS GARDEN'S GROW NOW'S THE TIME LOCAL FARMER'S MARKETS ARE HOPPING WITH CUSTOMERS. THESE LOCAL MARKETS ARE POPPING UP EVERYWHERE....INCLUDING AT THE U-S DEPARTMENT OF AGRICULTURE. IN THIS REPORT FROM THE USDA, BOB ELLISON REPORTS ON THE GROWING TREND.

 

 

 
 
 
 
 
 
 
 
 
 
 
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