AgDay Daily Recap -November 22, 2013

November 22, 2013 03:57 AM
 

TODAY ON AGDAY

NOVEMBER 22, 2013

 

2014 LIVESTOCK OUTLOOK:

GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. BULLISH FACTORS MEAN LIVESTOCK PRODUCERS MAY SEE GREEN IN 2014. AND THAT'S OUR TOP STORY ON AGDAY.

JAPANESE DEMAND:

ANOTHER POSITIVE FACTOR FOR the LIVESTOCK INDUSTRY IS THE OUTLOOK FOR EXPORT GROWTH, ESPECIALLY TO ASIA. MEMBERS OF ARKANSAS FARM BUREAU RECENTLY TRAVELED TO JAPAN TO MEET WITH TRADE OFFICIALS AND STRENTHEN RELATIONS WITH THIS IMPORTANT MARKET FOR AGRICULTURAL PRODUCTS. KEN MOORE HAS OUR REPORT.

PORCINE EPIDIMIC DIAHRREAH VIRUS UPDATE:

IN THE U-S, PORK EXPORTS HAVE BEEN SLIGHTLY LOWER THIS YEAR, BUT THE OUTLOOK LOOKS MORE POSITIVE FOR THE 2014 CALENDAR YEAR. PIG NUMBERS AT HOME, HOWEVER, DROP AS PORCINE EPIDIMIC DIAHRREAH VIRUS, OR PEDV, THAT CONTINUES TO PLAGUE U-S FARMS. THE NATIONAL PORK PRODUCERS COUNCIL TOLD AGDAY IT'S NOW INFECTED 18 STATES ACROSS THE COUNTRY. LAST MONTH, VIRIGINA TECH UNIVERSITY TRACED THE STRAIN BACK TO A PARTICULAR CHINESE PROVINCE. IT'S STILL UNKNOWN HOW IT GOT HERE. STEVE MEYER WITH PARAGON ECONOMICS SAYS THE OUTBREAK HASN'T IMPACTED DOMESTIC DEMAND, AS THE VIRUS DOES NOT INFECT HUMANS.

CHINA PIGS:

MEANWHILE, CHINESE PIG FARMERS ARE HAVING TO FIND OTHER LOCATIONS TO FARM. THE CENTRAL HUNAN PROVINCE SAYS IT WANTS TO SAVE ITS POLLUTED MOTHER RIVER BY EITHER RELOCATING OR CLOSING ANY PIG FARMS THAT ARE LOCATED ALONG the RIVER. THE RIVER HAS BEEN POLLUTED BY WASTE, AS WELL AS ANIMAL CARCASSES. THIS MEANS HUNDREDS OF PIG AND POULTRY FARMS WILL NEED TO MOVE BY 2016.
HUNAN IS CHINA'S TOP PIG PRODUCING AREA.

DROUGHT MONITOR:

LOOKING AT THE LATEST U-S DROUGHT MONITOR, A PORTION OF THE COUNTRY SUFFOCATING FROM TOO MUCH WATER EARLIER THIS YEAR, IS NOW STARTING TO SEE SIGNS OF DROUGHT. THE MONITOR SHOWS THE PORTION OF the SOUTHEAST CONSIDERED ABORNALLY DRY JUMPED UP 18% ACROSS THAT IN A WEEK. IN NORTH CARALINA ALONE, THE AREA CONSIDERED ABNORMALLY DRY SHOT UP 36 POINTS.

CROP WATCH:

MIKE, I HEAR A LITTLE RELIEF IS ON THE WAY TO NOT ONLY THE SOUTHEAST, BUT MUCH OF THE U-S. AND IN THE NORTH, AS WELL AS PORTIONS OF THE WEST, IT'S COMING IN THE FORM OF SNOW. SNOW WILL SLOW-UP HARVEST IN PARTS OF COLORADO. ALTHOUGH MOST CROPS ARE NOW OUT OF THE FIELD. "NASS' SAYS AT 95%, CORN HARVEST IS VIRTUALLY COMPLETE. 94% OF SUNFLOWERS ARE CUT . AND ABOUT 82% OF SORGHUM HAS BEEN HARVESTED. AND IN KENTUCKY TOBACCO GROWERS ARE BUSY STRIPPING THEIR BURLEY CROP. "NASS" SAYS 42% HAS BEEN STRIPPED, COMPARED TO THE FIVE YEAR AVERAGE OF 47%. CONDITIONWISE - THREE QUARTERS IS RATED GOOD TO EXCELLENT.

CME FEES:

IN AGRIBUSINESS TODAY, DESPITE CUSTOMER COMPLAINTS, THE CHICAGO MERCANTILE EXCHANGE SAYS IT PLANS TO IMPLEMENT HIGHER FEES AS PLANNED. CUSTOMERS HAVE BEEN VERY VOCAL ABOUT THEIR DISAPPROVAL OF CME GROUPS' PLANS TO INCREASE FEES FOR TRADERS. CME ANNOUNCED LAST WEEK IT WOULD INCREASE TRANSACTION FEES FOR ALMOST ALL OF ITS MAJOR PRODUCTS, INCLUDING ENEGRY, GRAINS AND METALS.

JOHN DEERE EARNINGS:

JOHN DEERE POSTED FOURTH QUARTER EARNINGS. THE COMPANY SAYS INCOME ROSE 17% IN the LAST QUARTER OF THE YEAR AND FULL-YEAR EARNINGS REACHED A RECORD 3 POINT 5 BILLION. LOOKING FORWARD, SALES DON'T LOOK QUITE AS GOOD DUE TO EXPECTED LOWER FARM INCOMES. DEERE FORECASTS WORLDWIDE SALES OF BOTH AG AND TURN EQUIPMENT TO DROP 6% IN 2014.

PROFIT BRIEFING:

EXPORTS OF U-S BEEF THIS YEAR ARE RUNNING AHEAD OF THE SAME TIME LAST YEAR.
AS WE JUST SHOWED YOU, THERE'S BEEN A BIG INCREASE IN EXPORTS TO JAPAN - EVEN THOUGH THE AMOUNT IS STILL BEHIND WHAT WAS BEING SHIPPED BEFORE THE B-S-E SCARE OF 2003. THE U-S MEAT EXPORT FEDERATION SAYS THERE'S BEEN A BIG INCREASE NOT ONLY TO JAPAN, BUT MEXICO AND HONG KONG.

USMEF NUMBERS:

AS SUCH, ALL U-S BEEF EXPORTS ARE UP ONE PERCENT IN VOLUME FROM LAST YEAR.
PORK, HOWEVER, IS NOT HAVING THE SAME SUCCESS. WHILE EXPORTS ARE HIGHER TO CHINA. THE U-S HAS SEEN ITS SHARE OF PORK EXPORTS TO RUSSIA DECLINE.
OVERALL, PORK EXPORTS ARE DOWN FIVE PERCENT IN VOLUME.

CAR SHOW:

WITH DEBATE AT THE PUMP OVER ETHANOL VS OIL, SOME IN THE AUTO INDUSTRY ARE TURNING TO ELECTRIC. BUT ELECTIC VEHICLES HAVEN'T TAKEN OFF, AS SOME CRITICS SAY TOO MANY ISSUES STAND IN the WAY. WELL, A NEW TECHNOLOGY IS HITTING SHOW FLOORS AND SOME THINK IT'S THE NEXT GENERATION FOR ECO FRIENDLY CARS.

FROM THE FARM RECIPE:

IF YOU HAVEN'T HAD BREAKFAST YET THIS MORNING, WE HAVE A RECIPE THAT MAY FILL YOU UP. MIKAELA MILLER - A VIEWER FROM ARGENTA, ILLINOIS - SENT US ONE OF HER "FROM THE FARM" FAVORITE RECIPES. SHE CALLS IT SIMPLY - THE BEST FRENCH TOAST. HERE ARE THE INGREDIENTS -  1/4 CUP BISQUICK, 1 CUP MILK, A PINCH SALT, 3 EGGS, 1/2 TEASPOON GROUND CINNAMON, 1 TEASPOON VANILLA EXTRACT, 1 TABLESPOON WHITE SUGAR AND 12 THICK BREAD SLICES MIKAELA SAYS MEASURE THE BISQUICK MIX INTO A MEDIUM MIXING BOWL. WHISK IN MILK, BUT NOT TOO FAST. THEN WHISK IN THE SALT, EGGS, CINNAMON, VANILLA, AND SUGAR UNTIL SMOOTH. HEAT A GRIDDLE OR FRYING PAN OVER MEDIUM HEAT. SOAK BREAD SLICES IN MIXTURE UNTIL SATURATED. COOK BREAD ON EACH SIDE UNTIL GOLDEN BROWN. SERVE WITH BUTTER, SYRUP OR POWDERED SUGAR IF DESIRED. ALSO GOES GOOD WITH BANANAS.

NUT HEALTH:

NUT GROWERS IN CALIFORNIA HAVE BOOMING PROFITS OVER THE PAST FEW YEARS, THANKS TO THE GROWING DEMAND FOR NUTS. WELL, A NEW STUDY WILL ONLY HELP THAT DEMAND GO UP EVEN MORE.



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
      
             ​           ​        
                ​             &n​bsp;                        ​  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 ​
 
 
 
 
                      &nb​sp;                    &n​bsp;                     
<​/span>
              &n​bsp;                  

CONTACT:
We'd love to hear from you! Contact us at 800-792-4329. Or drop an email to inbox@agday.com. You can also check us out on Facebook.
 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close