USFR Weekly Recap - April 25, 2015, 2014, 2015, 2015

April 25, 2015 03:30 AM
 

TODAY ON USFR
APRIL 25-26, 2015

HEADLINES:
WELCOME TO THIS SPECIAL EDITION OF U.S. FARM REPORT. I'M TYNE MORGAN. JOHN PHIPPS IS FINALLY IN THE FIELD, SO, WE'RE DOING OUR ENTIRE SHOW FROM HIS FARM THIS WEEKEND AND HERE'S WHAT'S AHEAD.  AVIAN FLU STRIKES AGAIN. BUT IS THE MARKET REACTING JUST YET? WE'LL GET INSIGHT FROM OUR ANALYSTS ABOUT THE STRAIN, AS WEL AS LOOK AT PLANTING PROGRESS ACROSS THE COUNTRY. A GROUP OF MISSOURI HIGH SCHOOL STUDENTS ARE WORKING TO SAVE THE BEES...WE'LL SHOW YOU WHY A SCIENTIFIC MYSTERY IS TURNING INTO THEIR PASSION TO MAKE A DIFFERENCE. AND JOHN IS AT HOME ON THE FARM, TALKING ABOUT EVERYTHING FROM AUTONOMOUS EQUIPMENT TO THE FUTURE OF GLYPHOSATE.
PLANTING:
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS WEEK, PLANTING PROGRESS PICKED UP PACE LAST WEEK, BUT NOW SOME ARE SAYING USDA'S NUMBERS MAY BE ON THE LIGHTER SIDE OF WHAT'S ACTUALLY GOING ON IN THE FIELD.
COTTON PLANTING:
 COTTON GROWERS ARE STRUGGLING TO GET THE CROP PLANTED THIS YEAR. EIGHT PERCENT IS PLANTED WHICH IS THREE POINTS BEHIND AVERAGE. OTHER THAN CALIFORNIA, ALL OTHER COTTON STATES ARE BEHIND THE FIVE YEAR AVERAGE.
WHEAT CONDITIONS:
SPRING WHEAT PLANTING REACHED 36-PERCENT. THAT'S 17 POINTS AHEAD OF THE FIVE YEAR AVERAGE, AND THE CONDITION OF THE WINTER WHEAT CROP IS UNCHANGED FROM LAST WEEK WITH 42-PERCENT IN GOOD TO EXCELLENT CONDITION.
INDIA WHEAT:
MEANWHILE, THE SECOND LARGEST WHEAT PRODUCER IS HAVING CROP ISSUES. BLOOMBERG REPORTS INDIA COULD SEE THE LOWEST WHEAT HARVEST NUMBERS SINCE 2011. REPORTS INDICIATE PRODUCTION WILL DROP BY MORE THAN 8 PERCENT, WHICH IS THE LARGEST DECLINE SINCE 2003. HEAVY RAINS RECENTLY WIPED OUT LARGE PORTIONS OF INDIA'S CROP.
RUSSIA CROP:
RUSSIA'S GRAIN HARVEST FOR NEXT SEASON IS ALREADY RECEIVING BEARISH FORECASTS.
USDA FORECASTS RUSSIA TO HARVEST 92 MILLION METRIC TONS OF GRAIN NEXT YEAR…THAT'S AN 11 PERCENT DROP FROM THE CURRENT SEASON, BUT STILL ABOVE THE 5-YEAR AVERAGE.  WHEAT AND BARLEY LOOK TO BE TAKING THE BIGGEST HIT.
AVIAN FLU BANS:
RUSSIA'S GRAIN HARVEST FOR NEXT SEASON IS ALREADY RECEIVING BEARISH FORECASTS.
USDA FORECASTS RUSSIA TO HARVEST 92 MILLION METRIC TONS OF GRAIN NEXT YEAR…THAT'S AN 11 PERCENT DROP FROM THE CURRENT SEASON, BUT STILL ABOVE THE 5-YEAR AVERAGE.  WHEAT AND BARLEY LOOK TO BE TAKING THE BIGGEST HIT.
TPP:
AS UNPREDICTABLE AND TIGHT-LIPPED AS THE TRANS PACIFIC PARTNERSHIP NEGOTIATIONS HAVE BEEN, THERE'S A POSITIVE SIGN. THE JAPAN'S TOP TRADE NEGOTIATOR SAYS HE'S OPTIMISTIC HE CAN REACH A DEAL WITH TEHU-S. HE SAYS BILATERAL NEGOATIATIONS OVER THE PAST WEEK ARE A SIGN THAT EVERYONE IS MAKING PROGRESS. HE EVEN WENT AS FAR AS SAYING THEY ARE NOW IN THE FINAL STAGE OF MAKING A DEAL.
RABOBANK PORK:
STRONG SUPPLY AND WEAK DEMAND HAS BEEN DRIVING THE PORK SECTOR THIS WEEK.
BUT THE EXPORT DEMAND FOR PORK LOOKS TO BE GAINING STRENGTH. THAT'S ACCORDING TO RABOBANK'S PORK OUTLOOK, SHOWING OPPORTUNITIES FOR CONSIDERABLE GROWTH IN SHIPMENTS TO CHINA LATER THIS YEAR. RABOBANK SAYS THEY'RE ALREADY SEEING A SIGN OF SHORTAGE IN CHINESE PORK SUPPPLIES, AS PORK PRICES ARE SLOWLY GROWING OVER THERE. AS PORK PRICES GET MORE EXPENSIVE IN THE COUNTRY, THEY'LL START IMPORTING MORE PORK.
TEASE ONE:
THANKS, MIKE. WITH PLANTING PROGRESS, THERE'S NO BETTER TIME TO HAVE OUR ANALYSTS ON THE FARM. SO, WHEN WE COME BACK, MATT BENNETT, PETE MEYER AND CHIP NELLINGER JOIN ME TO TALK MARKETS.
HEADLINES:
WELCOME BACK TO THIS SPECIAL EDITION OF U-S FARM REPORT. WE HAVE MUCH MORE AHEAD FROM JOHN'S FARM THIS WEEKEND. SAVING THE BEES. IN OUR FARM JOURNAL REPORT WE INTRODUCE YOU TO A GROUP OF KIDS LOOKING TO MAKE A DIFFERENCE THROUGH SCIENCE. BUT IT'S AGRICULTURE THAT'S GETTING A LOT OF BUZZ THROUGH THEIR WORK. BAXTER BLACK SHARES A STORY ABOUT LIFE ON THE FARM, WITH AN INTERESTING TALE ABOUT A FATHER AND SON. IN CUSTOMER SUPPORT, JOHN TACKLES A VIEWER'S QUESTION ABOUT GLYPHOSATE. AND HIS VIEW OF THE FUTURE MAY SURPRISE YOU PLUS SOME PLANTING PROGRESS TO REPORT ON IN CROPWATCH, AS WELL AS A FIRST-HAND REPORT FROM JOHN.
AI IOWA:
 NOW FOR THE HEADLINES, THE AVIAN FLU EPIDEMIC JUST GOT REAL, AS A MAJOR EGG PRODUCER IN IOWA CONFIRMED THE H-5-N-2 STRAIN. THIS IS A HUGE CASE, ESTIMATES SHOW 6 PERCENT OF IOWA'S EGG PRODUCTION IS IMPACTED BY THIS ONE OUTBREAK.
HORMEL FOODS:
AND LOSSES ARE STARTING TO IMPACT FOOD COMPANIES. HORMEL FOODS SAYS THE AVIAN FLU OUTBREAK IS HURTING ITS JENNIE-O BUSINESS, POTENTIALLY CUTTING INTO SALES.
THE COMPANY IS BASED OUT OF MINNESOTA, ONE OF THE HARDEST HIT STATES SO FAR. AND THEY ARE REALLY STARTING TO FEEL LOSSES IN THEIR SUPPLY CHAIN, MAINLY DUE TO OUTBREAKS IN MINNESOTA AND WISCONSIN. JENNIE O SELLS TURKEY BURGERS AND SAUSAGES.
AL CLIFFORD:
USDA'S CHIEF VETERNARIAN DR JOHN CLIFFORD DISCUSSED THE OUTBREAKS WITH OUR PARTNERS OVER AT AGRITALK THIS WEEK. HE SAYS WILD WATERFOWL ARE PLAYING A ROLE IN SPREADING THE DISEASE INTO THE ENVIRONMENT. BUT HOW THE VIRUS IS ENTERING THE POULTRY FACILITIES STILL REMAINS A MYSTERY.
HORMEL FOODS:
AND LOSSES ARE STARTING TO IMPACT FOOD COMPANIES. HORMEL FOODS SAYS THE AVIAN FLU OUTBREAK IS HURTING ITS JENNIE-O BUSINESS, POTENTIALLY CUTTING INTO SALES.
THE COMPANY IS BASED OUT OF MINNESOTA, ONE OF THE HARDEST HIT STATES SO FAR. AND THEY ARE REALLY STARTING TO FEEL LOSSES IN THEIR SUPPLY CHAIN, MAINLY DUE TO OUTBREAKS IN MINNESOTA AND WISCONSIN. JENNIE O SELLS TURKEY BURGERS AND SAUSAGES.
AL CLIFFORD:
 USDA'S CHIEF VETERNARIAN DR JOHN CLIFFORD DISCUSSED THE OUTBREAKS WITH OUR PARTNERS OVER AT AGRITALK THIS WEEK. HE SAYS WILD WATERFOWL ARE PLAYING A ROLE IN SPREADING THE DISEASE INTO THE ENVIRONMENT. BUT HOW THE VIRUS IS ENTERING THE POULTRY FACILITIES STILL REMAINS A MYSTERY.
VACCINE:
CURRENTLY, CLIFFORD SAYS A VACCINE ISN'T AVAILABLE FOR AVIAN FLU. BUT THEY ARE WORKING ON ONE RIGHT NOW. HE SAYS ONCE A VACCINE IS READY, WHICH COULD TAKE MONTHS, IT MIGHT PROMPT USDA TO APPROVE THE VACCINE FOR AREAS WITH A HIGH NUMBER OF CASES. THIS IS A BIG STATEMENT, AS USDA SAYS IT WOULD PREFER TO NOT ALLOW FARMERS TO VACCINATE FLOCKS. THEY SAY VACCINE USE COULD PROMPT WIDER IMPORT BANS THAN WE'RE ALREADY SEEING.
BLUE BELL RECALL:
BIG NEWS IN THE DAIRY INDUSTRY AS TEXAS BASED BLUE BELL ICE CREAM VOLUNATRILY RECALLED ALL OF ITS PRODUCTS THIS WEEK, LISTERIA WAS FOUND IN A COUPLE CHOCOLATE CHIP COOKIE DOUGH ICE CREAM CONTAINERS. SO TO BE SAFE, THEY RECALLED EVERYTHING. THE FIRST RECALL HAPPENED BACK IN MARCH. BLUE BELL SAYS THEY'RE STILL TRYING TO FIGURE OUT THE SOURCE OF THE BACTERIA. THE COMPANY SAYS THIS IS THE FIRST MAJOR FOOD SAFETY ISSUE IN ITS 108 YEAR HISTORY.
HAY PRICES:
ALFALFA PRICES ARE MUCH FRIENDLIER FOR BUYERS THIS YEAR. THAT'S THANKS TO GROWING SUPPLIES AND SLOWING DEMAND FROM FEEDLOTS AND DAIRIES.  LAST YEAR'S HAY PRODUCTION WAS UP 7 PERCENT. BUT SEVERAL PRODUCTION ISSUES COULD HAMPER OUTPUT LATER THIS YEAR. AGWEB REPORTS THAT WEATHER, WINTER KILL AND DROUGHT CONCERNS ARE BRINGING DOWN HAY'S PRODUCTION OUTLOOK. BUT U-S CARRYOVER IS IN BETTER SHAPE, MEANING BUYERS WILL BE SPARED FROM A LARGE SHORTAGE.
DECODING COTTON:
A GROUP OF RESEARCHERS HAS MADE AN INCREDIBLE BREAKTHOUGH... CRACKING THE GENETIC COODE OF UPLAND COTTON…THE INTERNATIONAL TEAM SAYS IT'S A CRUCIAL STEP TWOARD FURTHER ADVANCEMENTS WITH ONE OF THE MOST COMPLEX PLANTS ON THE PLANET.UPLAND COTTON ACCOUNTS FOR ABOUT 90 PERCENT OF CULTIVATED COTTON WORLDWIDE. IT'S THE MAIN SOURCE OF RENEWABLE TEXTILE FIBERS WITH A GLOBAL IMPACT OF 500 BILLION DOLLARS.
TESTING GLYPHOSATE:
THE ENVIRONMENTAL PROTECTION AGENCY IS CONSIDERING THE FEDERAL GOVERNMENT TEST FOOD PRODUCTS FOR TRACES OF GLYPHOSATE. REUTERS REPORTS THAT GIIVEN THE INCREASED ATTENTION FROM CONSUMERS ON GLYPHOSATE, THE AGENCY MAY RECOMMEND SAMPLING FOR GLYPHOSATE IN THE FUTURE.THE GOVERNMENT CURRENTLY DOESN'T TEST FOOD SPECIFICALLY FOR GLYPHOSATE. INSTEAD, AGENCIES TEST FOR HUNDREDS OF OTHER HERBICIDES AND PESTICIDES, TO ENSURE RESIDUES AREN'T PRESENT AT LEVELS THAT ARE A RISK TO HUMAN HEALTH.
 FARM JOURNAL REPORT:
THANKS, MIKE. COLONY COLLAPSE DISORER IS A PHENOMENON WITH NO CONCRETE ANSWER. IT'S WHENT HERE ARE NO ADULT BEES, BUT THE QUEEN BEE AND USUALLY IMMATURE BEES ARE STILL PRESENT. WHILE THE REASON IS STILL A MYSTERY, SOME ARE POINT TO AGRICULTURE, SPECIFICALLY NEONICITINOIDS AS THE CULPRIT. DO IT YOURSELF CHAIN LOWES RECENTLY ANNOUNCED THEY WOULD QUIT CARRYING NEONICITINOIDS IN THEIR STORES, IN AN EFFORT TO IMPROVE BEE HEALTH. IN THIS FARM JOURNAL REPORT, WE INTRODUCE YOU TO A GROUP OF MISSOURI HIGH SCHOOL STUDENTS, TAKING ON THIS MYSTERY, HOPING TO MAKE A DIFFERENCE WITH SCIENCE.
FARM JOURNAL REPORT TAG:
 THE POLLINATOR PROJECT RECENTLY PLACED FIRST INT EH SCHOLASTIC LEXUS ECO CHALLENGE. IT'S A PROGRAM DESIGNED TO HELP EMPOYWER STUDENTS TO IMPROVE THE ENVIRONMENT. ALSO, WE WANT TO MENTION THE U-S-D-A IS WANTING TO HELP THE HONEY BEE POPULATION DECLINES. THE AGENCY IS PROVIDNG MORE THAN 4 MILLION DOLALRS IN TECHNICAL AND FINANCIAL ASSITANCE. AG SECRETARY TOM VILSACK SAYS THE FUTURE OF AMERICA'S FOOD SUPPLY DEPENDS ON HONEY BEES.  JOHN IS TACKLING A BIG TOPIC IN CUSTOMER SUPPORT TODAY.
TRACTOR TALES:
THANKS, TYNE. OUR CLASSIC IRON COMES TO US FROM A COLLECTOR IN OHIO. THIS JOHN DEERE 330 WAS SENT OUT OF THE FACTORY FOR A NON-TRADITIONAL PAINT JOB.  ITS A RED 330, SOLD NEW TO A TOWNSHIP IN NORTHEAST OHIO. WANTED TO MOW ROADSIDES WITH IT THEY WANTED 4 NEW TRACTORS AND THEY ASKED DEERE IF THEY'D SELL THEM 4 THE COLOR OF THEIR TRUCKS AND THAT WAS RED. AND THEY DID IT AND THIS IS ONE OF FOUR. WE DON'T KNOW WHERE THE OTHER THREE ARE. THEY SAY WELL IT'S PRETTY, IT'S DIFFERENT AND WE'VE NEVER SAW IT AND I SAID I KNOW THERES NOT VERY MANY OF THEM. THEY WAS MADE IN DUBUQUE IOWA AND THEY TOOK IT OFF THE LINE AND SENT IT TO A BODY SHOP AND PAINTED THEM RED IN THE FACTORY AND IT WAS LEFT JOHN DEERE AS A RED TRACTOR. I KNEW A BUDDY WHO KNEW THE FELLA WHO BOUGHT IT. AND HE HAD A HEART ATTACK AND DIED AND BOUGHT IT OFF HIS WIDOW, IT WAS STILL IN NORTHEAST OHIO. CUYAHOGA COUNTY, UH MOWED ROADSIDES THAT'S WHAT THE TOWNSHIP BOUGHT FOR THE BOARD AND UH IT NEVER WORKED HARD. THE TRACTORS IN NICE CONDITION I HAVE A NICE BARN THAT MY TRACTOR SET IN AND UH IT SETS IN THERE WHEN IT'S NOT IN FLORIDA AND THE WINTER TIME. THEY WANT TO KNOW WHY ITS RED. I PROBABLY SAID IT 5 OR 6 THOUSAND TIMES. SAME THING IV'E TOLD YOU, BUT THEY LOVE TO HEAR IT. SO I TELL EM.
CHURCH SALUTE:
THIS WEEK'S COUNTRY CHURCH SALUTE GOES TO THE JERUSALEM CHURCH NEAR NEW PHILADELPHIA, OHIO. IT'S A BIG YEAR FOR THE CONGREGATION, AS THEY'RE CELEBRATING THEIR 200TH ANNIVERSARY. THEY'VE COME ALONG WAY FROM THE BEGINNING, WITH THE NEWEST CHURCH BUILDING BUILT IN 1951. THEY SAY THEY PLAN TO CELEBRATE ALL YEAR, WITH A SPECIAL CELEBRATION PLANNED FOR OCTOBER. CONGRATULATIONS ON 200 YEARS. TYNE, BACK TO YOU.
GOODBYE:
FOR JOHN, AL AND MIKE, I'M TYNE MORGAN. THANK YOU FOR WATCHING U-S FARM REPORT. BE SURE TO JOIN US RIGHT HERE AGAIN NEXT WEEK, AS WE WORK TO BUILD ON OUR TRADITION. HAVE A GREAT WEEKEND, EVERYONE.
 


 

 

 

 

 

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