Turkey producers are managing losses to ensure 2012 is a profitable year. And that's our top story on AgDay.
As she just mentioned, high feed costs are pushing pork producers to prepare for record losses this quarter. Fortunately for livestock producers, corn prices have retracted off their highs, creating a recipe for losses not as steep as originally thought earlier this fall.
In our Dairy Today report - for the second straight month, there's been a drop in U.S. milk production. Our partners at Dairy Today say this rarely happens.
The drought is impacting more than just the amount of feed available. Aflatoxin in corn is causing unusual flow patterns of grain shipments for feed. Don close with Rabo Agrifinance says corn from Minnesota and South Dakota is being shipped to central Illinois for blending.
The weekly crop progress report is nearly over for another season. The struggling wheat crop is still getting attention. As of Monday, winter wheat saw another two point decline in the "good" category. And the shifted to the poor category.
HARVEST OF THANKS:
We invite you to join us Thanksgiving morning for a "Harvest of Thanks". Our team visited with farmers from across the country to show you their efforts to bring in a bountiful crop. We'll also see some inspiring teenagers who are looking to the future of American agriculture. "Harvest of Thanks” is a program that the whole family can enjoy together.
Livestock producers aren't the only ones buckling down to survive such volatile markets.
In today's analysis, Al Pell talks to Chris Barron about the necessary tools to proactively manage your margins, even in the rollercoaster years.
KIDS IN THE KITCHEN:
With Thanksgiving just two days away, many parents who are cooking in the kitchen want their kids outside playing. But an extension program is encouraging parents to do just the opposite. In this report provided by university of Missouri, Kent Faddis says the program is not only about making better cooks, but giving the kids more confidence in life.
In food and your family, as turkey prices climb higher, planning the Thanksgiving Day menu may beg for a change to your main course this year.
Speaking of the holidays, if you're trying to monitor your calories, don't just watch what you eat, but also what you drink this Thursday.