AgDay Daily Recap -June 20, 2013

June 20, 2013 04:57 AM
 

TODAY ON AGDAY

JUNE 20, 2013

 

SUMMER OUTLOOK:

GOOD MORNING I'M CLINTON GRIFFITHS. USDA EXPECTS SUMMER WEATHER CONDITIONS WILL TAKE A 180 DEGREE TURN FROM LAST YEAR'S DROUGHT. AS HE JUST MENTIONED, SOILS ARE STARTING TO DRY OUT IN SOME AREA. FARM JOURNAL AGRONOMIST KEN FERRIE SAYS FARMERS ACROSS PORTIONS OF THE CORNBELT WERE FORCED TO MUD THE CROP IN, AND THAT'S SHOWING UP IN POOR CROP CONDITIONS. THE LATEST USDA CROP PROGRESS REPORT SHOWED 29 PERCENT OF THE NATION'S CORN CORP IS IN FAIR CONDITION. HE SAYS IF THE WEATHER CAN TURN AWAY FROM THE COOL PATTERN, FARMERS COULD STILL SEE IMPRESSIVE YIELDS.

ALASKA HEAT:

IT'S NOT YOUR NORMAL HOT SPOT  - LIKE ARIZONA - THAT THE RANGER IS TALKING ABOUT, BUT ALASKA! ALASKA IS DEALING WITH AN UNUSUAL HEAT WAVE. OF COURSE, EVERYTHING IS RELATIVE. TEMPERATURES HAVE REACHED 70 DEGREES IN ANCHORAGE ALMOST EVERY DAY FOR MORE THAN A WEEK. THE AVERAGE HIGH IN JUNE IS USUALLY IN THE 50'S.  BUT SOME REMOTE AREAS SAW TEMPS IN THE 90'S. SINCE AIR CONDITIONING IS RARE IN ALASKA, THE WARM WEATHER HAS MANY RESIDENTS FLOCKING TO BEACHES OR STAYING OUTSIDE. WHILE RESIDENTS ARE ENJOYING THE WARM-UP, THERE IS CONCERN ABOUT GLACIAL MELTING AND WILDFIRES.

ARIZONA FIRE:

IN NORTHERN ARIZONA - A WILDFIRE THAT BEGAN TUESDAY HAS SCORCHED NEARLY EIGHT SQUARE MILES. AND THERE'S NO SIGN OF LETTING UP. HUNDREDS OF HOMES AND PEOPLE HAVE BEEN EVACUATED. IT'S LOCATED ABOUT 8 MILES NORTHWEST OF PRESCOTT. STRONG WIND GUSTS PUSHED THE FIRE FROM 20 ACRES TO ABOUT 200 ACRES WITHIN AN HOUR. BY AFTERNOON, IT WAS CREEPING TOWARD HOMES. THE FORECAST CALLED FOR HOT, WINDY CONDITIONS AND LOW HUMIDITY OVER THE NEXT FEW DAYS, PROMPTING CONCERN THAT THE FIRE THAT RACED UP GRANITE MOUNTAIN WOULD RACE DOWN THE OPPOSITE SIDE AND APPROACH HOMES IN THE VALLEY.

CROP WATCH:

LET'S TAKE A LOOK AT SOME FIELD CONDITIONS THROUGH0UT THE COUNTRY. MIKE HOFFMAN IS FRESH BACK FROM VACATION AND JOINS US WITH CROPWATCH. HI MIKE.

FARM BILL UPDATE:

IT APPEARS DEBATE AND A VOTE ON THE 2013 FARM BILL WILL LINGER INTO NEXT WEEK. THE HOUSE RULES COMMITTEE HAD MORE THAN 200 AMENDMENTS TO WADE THROUGH AND THE PROCESS IS SLOW. THE RULES COMMITTEE DECIDED THAT ABOUT 100 AMENDMENTS WOULD GET DEBATE TIME. WITH THAT MANY, LAWMAKERS DOUBT THE WORK CAN BE FINISHED THIS WEEK. ONE AMENDMENT WOULD ELIMINATE THE 2 BILLION DOLLAR IN CUTS TO THE FOOD STAMP PROGRAM.

EGG BILL:

THE RULES PANEL REJECTED, 3 TO 7, A PROPOSAL TO ALLOW A VOTE ON AN AMENDMENT THAT WOULD SET NATIONAL CAGE STANDARDS FOR LAYING HENS. YOU MIGHT REMEMBER THAT'S THE DEAL BETWEEN THE UNITED EGG PRODUCERS AND H-S-U-S. WE TALKED TO MEMBERS OF U-E-P TODAY. THEY SAY THEY'RE NOT GIVING UP. THEY HOPE TO GET THE MEASURE ATTATCHED TO ANOTHER BILL IN THE FUTURE.

COW SLAUGHTER:

IN OUR BEEF TODAY REPORT, THE USDA'S ECONOMIC RESEARCH SERVICES SAYS DROUGHT AND TIGHT MARGINS FOR COW-CALF OPERATORS IS FORCING AN INCREASE IN COW SLAUGHTER. THAT'S COMPARED TO A YEAR AGO. SECOND QUARTER NUMBERS SHOW A 10 PERCENT INCREASE COMPARED TO A YEAR AGO. COW SLAUGHTER RATES ARE ON TRACK TO BE THE HIGHEST SINCE 1996. ERS SAYS ADDED TO HEIFER RATES AND IT IMPLIES NATIONAL HERD NUMBERS WILL CONTINUE TO FALL. NEXT YEAR BEEF PRODUCTION IS EXPECTED TO BE ANOTHER 5 PERCENT LOWER. WITH CASH PRICES AVERAGING BETWEEN 128 AND 138 PER HUNDRED. ACCORDING TO OKLAHOMA STATE LIVESTOCK MARKETING SPECIALIST DERRELL PEEL, THAT SHRINKING U.S. HERD IS PULLING IN MORE BEEF IMPORTS. HOWEVER WHERE ITS COMING FROM IS UNIQUE. IMPORTS FROM AUSTRAILIA--WHICH IS TYPICALLY ONE OUR BIGGEST BEEF PROVIDERS--ARE ACTUALLY DOWN THIS YEAR. CANADA IS ALSO DOWN. ALTHOUGH MORE BEEF IS COMING FROM NEW ZEALAND AND MEXICO. MEXICO HAS ALSO BEEN SHIPPING LARGE NUMBER OF LIVE CATTLE THE LAST FEW YEARS.

CARGILL:

IN AGRIBUSINESS TODAY CARGILL OFFICIALS SAY THEY HAVE REACHED AN AGREEMENT TO ACQUIRE THE GRAIN STORAGE AND CROP INPUTS ASSETS OF NORTHSTAR GRAIN. NORTHSTAR AND THE ASSOCIATED COMPANY OF 'STAMP FARMS" ACHIEVED SOME NOTORIETY IN THE PAST YEAR.  PREVIOUS OWNER, MIKE STAMP, FILED FOR CHAPTER ELEVEN BANKRUPTY LAST FALL. AT ONE TIME, STAMP FARMED 40-THOUSAND ACRES IN SOUTHWEST MICHIGAN. HE PURCHASED NORTHSTAR IN 2007.  HE MADE SIGNIFICANT CHANGES. HE INCREASED GRAIN CAPACITY FROM 150-THOUSAND BUSHELS TO 400-THOUSAND BUSHELS. CARGILL SAID IT WILL NOW MAKE ADDITIONAL UPGRADES TO THE ELEVATOR, INCLUDING EVEN MORE GRAIN STORAGE.

ANALYSIS:

IN MARKETING, ITS OFTEN ADVISED TO FOLLOW THE MONEY. IN ANALYSIS THIS MORNING, FARM DIRECTOR, AL PELL DISCUSSES WHAT THE MANAGED MONEY FUNDS ARE DOING AND HOW ITS IMPACTING COMMODITIES.

SUGAR CAMP:

SUMMER CAMP IS A RIGHT OF PASSAGE FOR MANY KIDS. IN LOUISIANA, SOME STUDENTS ARE GETTING A LITTLE SCIENCE WITH THEIR SUMMER.  A LOCAL CAMP TOURED TWO LSU AGCENTER FACILITIES TO LEARN ABOUT CROPS AND BIOFUELS. TOBIE BLANCHARD TAGGED ALONG IN THIS REPORT FROM THE LSU AGCENTER.

MEATLESS MONDAYS:

MEATLESS MONDAYS ARE GOING AWAY IN THE HOUSE OFFICE BUILDINGS ON CAPITOL HILL AFTER MAKING ENOUGH NOISE, LIVESTOCK PRODUCERS FORCED THE SWITCH.

WORLD FOOD PRIZE:

THE FOLKS OVER AT THE WORLD FOOD PRIZE JUST ANNOUNCED THIS YEAR'S WINNERS...AND ONE IS A VERY FAMILIAR FACE TO MANY IN AGRICULTURE.

MATTRESS BANK:

HOW OFTEN HAVE YOU HEARD ABOUT SOMEONE - LIKE A GRANDPARENT - WHO HIDES THEIR CASH IN THEIR MATTRESS? PEOPLE WHO LIVED THROUGH THE GREAT DEPRESSION OF THE 1930'S HAD A DEEP SUSPICION OF BANKS.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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