AgDay Daily Recap -March 6, 2014

March 6, 2014 01:57 AM
 

TODAY ON AGDAY

MARCH 6, 2014

 

BUDGET:

GOOD MORNING I'M CLINTON GRIFFITHS. BUDGET GAMES BEGIN IN WASHINGTON AS THE WHITE HOUSE RELEASES ITS PLAN ON SPENDING YOUR TAX DOLLARS. MEANWHILE NOT EVERYONE WAS PLEASED WITH THE ROLLOUT OF THE PRESIDENT'S BUDGET. NEBRASKA SENATOR AND FORMER SECRETARY OF AGRICULTURE MIKE JOHANNS THE PROPOSAL A POLITICAL TOOL THAT SPENDS MORE, TAXES MORE AND FAILS TO ADDRESS MUCH-NEEDED ENTITLEMENT REFORMS.

MISSOURI LAWSUIT:

THREE YEARS AFTER THE MISSOURI RIVER FLOODED, DAMAGING THOUSANDS OF ACRES OF FARMLAND IN THE WESTERN CORNBELT, THE FEDERAL GOVERNMENT IS NOW BEING SUED. A GROUP OF 200 FARMERS AND BUSINESS OWNERS IS SUING THE ARMY CORPS OF ENGINEERS CLAIMING THE AGENCY MISMANAGED THE MISSOURI RIVER. THEY SAY THE MISMANAGEMENT CONTRIBUTED TO MAJOR FLOODING IN 2011, LEAVING DEEP SCARS IN THE LAND.  DAMAGE OCCURRED IN IOWA, KANSAS, MISSOURI, NEBRASKA AND SOUTH DAKOTA. THE LAWSUIT FILED YESTERDAY SEEKS COMPENSATION FOR LOST CROPS AND DEVASTATED FARMLAND.

BRAZIL FMD UPDATE:

55 ORGANIZATIONS ARE ASKING 5 U.S. SENATORS FOR HELP WITH THE USDA'S APHIS PROPOSAL TO ALLOW FRESH AND FROZEN BEEF FROM BRAZIL. THE GROUP- MANY BEING STATE AND LOCAL CATTLE ORGANIZATIONS--WORRY ABOUT THE POTENTIAL OF FOOT AND MOUTH DISEASE FINDING ITS WAY TO THE U.S. THEY WANT CONGRESS TO REQUIRE APHIS SUSPEND CONSIDERATION OF THE PROPOSED RULE AND ARE CALLING ON AN INVESTIGATION INTO WHETHER U.S. IMPORT CONTROLS HAVE ALREADY BEEN UNDERMINED.

CATTLE FEEDING PROFITS:

CATTLE PRICES TRADED LOWER WEDNESDAY. HOWEVER CASH FED PRICESS ARE IN RECORD TERRITORY. ACCORDING TO THE STERLING BEEF PROFIT TRACKER FEEDING MARGINS ARE NOW IN THE 280 DOLLAR RANGE. HELPING THOSE MARGINS ARE FEED COSTS..NOW MORE THAN 30 PERCENT LOWER THAN LAST YEAR. PACKERS HOWEVER ARE NOT DOING SO WELL. THE AVERAGE PACKER LOSS WAS ABOUT 80 BUCKS PER HEAD.

COLD CATTLE:

MEANWHILE THE ACRTIC COLD THIS WINTER MAY IMPACT CATTLE REPRODUCTION THIS SPRING. OHIO STATE'S STEVE BOYLES SAYS THE LONG COLD WINTER COULD LIKELY INCREASE ANIMAL INFERTILITY THIS BREEDING SEASON...MUCH OF IT FROM SCROTAL FROSTBITE. BOYELS SAYS IT COULD BE A HUGE ECONOMIC IPACT FOR MANY PRODUCERS.

COWS, CALVES AND COLD WEATHER ARE UNCOMFORTABLY COEXISTING IN NORTH DAKOTA.
 WINTER HAS BEEN BRUTAL ACROSS MOST OF THE COUNTRY, AND NOW THAT RANCHERS ARE INTO CALVING SEASON, FRIGID TEMPERATURES ARE CREATING COMPLICATIONS FOR NEWBORNS AND THEIR MOTHERS.

CROP WATCH:

DRY IN THE PLAINS AND UN-SEEN FARMLAND IN NEW YORK STATE. MIKE HOFFMAN HAS DETAILS IN CROPWATCH. GOOD MORNING MIKE.

UKRAINE UPDATE:

CORN AND CHICAGO WHEAT PRICES SLID LOWER WEDNESDAY ON REDUCED CONCERN OUT OF THE UKRAINE. RUSSIAN PRESIDENT VLADAMIR PUTIN SAYING HE SEES NO IMMEDIATE NEED TO INVADE THE COUNTRY FURTHER. PORTS IN THE UKRAIN ARE REPORTEDLY OPERATING AS NORMAL.

HOG PRICES:

LEAN HOG FUTURES HAD ANOTHER STRONG RUN WEDNESDAY ON SUPPLY CONCERNS DUE TO THE OUTBREAK OF P-E-D-V. WHILE APRIL CONTRACTS WERE LOWER, MAY THROUGH AUGUST FUTURES PRICES CONTINUED TO RALLY WITH JUNE LEADING WAY. PRICES THERE NOW TOPPING 117. FUTURES PRICES ARE UP BY A THIRD THIS YEAR ALONE. THE VIRUS IS ESTIMATED TO HAVE KILLED MORE THAN 4 MILLION PIGS AND HAS SPREAD TO 25 STATES. IT'S ALSO STARTING TO IMPACT PRICES AT THE MEAT COUNTER ACCORDING TO DATA FROM THE BUREAU OF LABOR STATISTICS CONSUMERS PAID $3.73 ON AVERAGE FOR PORK CHOPS IN DECEMBER. THAT'S THE MOST SINCE AT LEAST 1998,.

ANALYSIS:

IN AGRIBUSINESS, 2014 MAY BE A YEAR OF CHANGE. BUT IT'S ALSO A YEAR YOUNG FARMERS SHOULD EMBRACE. TYNE MORGAN EXPLAINS IN THIS MORNING'S ANALYSIS.

I AM ANGUS:

FOR YOU FARMERS AND RANCHERS OUT THERE, YOUR DAILY WORK PROVIDES FOOD TO THIS COUNTRY AND THE WORLD. BUT DO YOU FEEL YOU ARE MAKING A CONTRIBUTION TO SOCIETY? IN THIS VIDEO PROVIDED BY THE AMERICAN ANGUS ASSOCIATION, NEBRASKA RANCHER BILL RISCHEL EXPLAINS HIS ROLE IN THIS BIG WORLD.

KIDS FRUIT AND VEGGIES:

NEW EVIDENCE KIDS ARE STARTING TO EAT MORE FRUITS AND VEGETABLES AT SCHOOL.

SUGAR:

AND SPEAKING OF EATING HEALTHIER, THE WORLD HEALTH ORGANIZATION SAYS PEOPLE NEED DRASTICALLY CUT BACK SUGAR INTAKE. THEY SAY DAILY SUGAR SHOULD BE JUST 5 PERCENT OF TOTAL CALORIES--ABOUT HALF OF WHAT IT RECOMMENDED PRIOR. FOR AMERICANS ON AVERAGE THAT WOULD MEAN CUTTING ABOUT TWO-THIRDS OF THEIR DAILY INTAKE TO MEET THE NEWLY PROPOSED STANDARD.

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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