USFR Weekly Recap - January 17-18, 2015, 2014, 2015, 2015

January 17, 2015 03:30 AM
 

TODAY ON USFR
JANUARY 17-18, 2015

HEADLINES:
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU THIS WEEKEND. SORTING THROUGH HEALTHCARE REFORM...ARE THERE ANY BENEFITS TO AGRICULTURE WITH THIS NEW HEALTHCARE REFORM? FROM HEALTHCARE TO TAX REFORM, WE HAVE TWO TAX EXPERTS IN HOUSE TO EXPLAIN THE REALITY OF IT ALL.PORT PROBLEMS...WE HAVE A SUPPLIER'S TAKE ON THE LABOR ISSUES ON THE WEST COAST.FROM GRIDLOCK TO SUPPLIER FRUSTRATION, IT'S A LOGISTICAL NIGHTMARE WITH NO END IN SIGHT. HOPE IS ON THE HORIZON FOR MAJOR TRADE HEADWAY. IN JOHN'S WORLD,
HE MAKES A BOLD STATEMENT WITH HYBRID SELECTION.
CHINA BANS POULTRY:
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS WEEK, AN AVIAN INFLUENZA SCARE IN THE U-S IS SETTING OFF A DOMINO EFFECT OF IMPORT BANS ACROSS THE WORLD, AND NOW, ONE OF THE TOP BUYERS IS BACKING OUT OF FUTURE TRADE.
MEAT PRICES:
MEAT PRICES AREN’T JUST HIGHER IN THE U-S.THE UNITED NATION'S FOOD AND AGRICULTURE ORGANIZATION SAYS THE COST OF MEAT INCREASED MORE THAN 8 PERCENT LAST YEAR ACROSS THE WORLD. THAT'S EVEN AFTER F-A-O DECREASED ITS MEAT PRICE INDEX IN DECEMBER FROM A STRONGER U-S DOLLAR AND GROWTH IN EXPORTS.
USDA WASDE:
THE U-S DEPARMENT OF AGRICULTURE UPDATED THE 2014 IN ITS LATEST REPORT. THE AGENCY PEGS TOTAL CORN PRODUCTION LAST YEAR AT 14-POINT-TWO BILLION BUSHELS. DOWN 191 MILLION BUSHELS FROM ITS NOVEMBER ESTIMATE…THAT'S ON A LOWER AVERAGE YIELD OF 171 BUSHELS AN ACRE.MEANWHILE, THE AGENCY SLIGHTLY RAISED THE NATIONAL SOYBEAN YIELD TO 47 POINT 8 BUSHELS PER ACRE. THAT PUTS PRODUCTION AT JUST UNDER 4 BILLION BUHELS.
CHINA STOCKPILES:
MORE GRAIN DEMAND COULD COME OUT OF CHINA. THAT'S AS THE COUNTRY ANNOUNCED PLANS TO INCREASE ITS GRAIN STORAGE CAPACITY IN 2015. STATE OFFICALS SAY IT'S BUILDING NEW FACILITIES AND PLAN TO HELP LOCAL FARMERS DO THE SAME. THIS IS AS CHINA IMPORTED A RECORD 8 POINT 5 MILLIONS TONNES OF SOYBEANS IN DECEMBER, TOPPING THE PREVIOUS RECORD SET IN DECEMBER OF 2013 BY NEARLY 17 PERCENT.
PITCH TO MIKE:
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER... MIKE, SOME AREAS SEEING A NICE WARMUP THIS WEEKEND. DOES THAT CONTINUE INTO NEXT WEEK?
TEASE ONE:
THANKS MIKE. WHEN WE COME BACK WE'RE TALKING ABOUT EVERYTHING YOU WANTED TO KNOW ABOUT TAXES AND MORE, WITH TWO EXPERTS. THAT INCLUDES TAX REFORM AND THE AFFORDABLE CARE ACT. SO, DON'T GO ANYWHERE.
HEADLINES:
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD THIS WEEKEND. TRADE TALKS... WE HAVE THE LATEST FROM FARM BUREAU. AND THEY'RE OPTIMISTIC ABOUT TRADE.PORT PROBLEMS...  A LABOR DISPUTE ON THE WEST COAST IS JUST GETTING WORSE. WE'LL SHOW YOU ONE SUPPLIER'S FRUSTRATION. BAXTER BLACK HAS A PRICELESS STORY FROM CANADA, AND IN CUSTOMER SUPPORT, A VIEWER'S STANCE AGAINST RUSSIAN SANCTIONS.
FARM BUREAU TRADE:
NOW FOR THE NEWS, VILSACK SAID IT AND NOW AMERICAN FARM BUREAU IS BACKING IT. 2015 COULD BE THE YEAR OF TRADE DEALS.
IMMIGRATION:
MEANWHILE, THATCHER THINKS GETTING COMPLETE REFORM-- FOR BOTH IMMIGRATION AND TAXES-- IS UNLIKELY. SHE SAYS WE'LL MORE LIKELY SEE PIECE MEAL LEGISLATION. AND SHE SAYS THE PRESIDENT'S CURRENT IMMIGRATION PLAN HURTS AGRICULTURE MORE THAN HELPS.
CALI WATER FIGHT:
ALSO FROM CALIFORNIA, THE WATER FIGHT BETWEEN FARMERS AND ENVIRONMENTALISTS CONTINUES.THAT'S AS THE U-S SUPREME COURT REJECTED A CHALLENGE FROM CALIFORNIA GROWERS AND WATER AGENCIES THIS WEEK THAT WOULD LIMIT WATER DIVERSIONS TO PROECT THE DETLA SMELT. THIS MEANS THE CURRENT FEDERAL GUIDELINES THAT PROTECT THE ENDANGERED SPECIES, LEAVES MORE WATER IN THE SACREMENTO DELTA FOR THE SMALL FISH. FARMERS ARGUE THIS IS ROBBING THEM OF ESSENTIAL IRRIGATION WATER DURING THE DROUGHT.
CHIPOLTE:
POPULAR RESTAURANT CHAIN CHIPOTLE SAYS IT'S SUSPENDING PORK SALES TO ABOUT A THIRD-OF ITS RESTRAUNTS.THAT'S AFTER AN AUDIT REVEALED ONE OF ITS SUPPLIERS ISN'T COMPLYING WITH ITS ANIMAL WELFARE STANDARDS.CHIPOTLE REQUIRES PRODUCERS TO RAISE PIGS WITH ACCESS TO THE OUTDOORS OR IN DEEPLY BEDDED BARNS TO IMPROVE COMFORT. AND ANTIBIOTICS ARE BANNED.
HIGH SPEED INTERNET:
IF YOU STRUGGLE TO FIND FASTER INTERNET  THE OBAMA ADMINISTRATION ANNOUNCED THIS WEEK ITS PUSHING FOR MORE RELIEF. THE PRESIDENT SAYS HE'LL HIGHLIGHT THE NEED FOR BROADER AVAILABILITY OF HIGH-SPEED INTERNET SERVICES, INCLUDING IN RURAL AREAS, DURING HIS STATE OF THE UNION MESSAGE NEXT WEEK.  THE NEW FARM BILL CREATED A COMMUNITY BROADBAND GRANT PROGRAMMING. IT'S ADMINSTERED THROUGH THE AG DEPARTMENT.
CHIPOTLE:
ANOTHER UPDATE TO THE FARM BILL, USDA SAYING MORE THAN HALF OF U-S DAIRIES ARE ENROLLED IN THE NEW MARGIN PROTECTION PROGRAM IN 2015. THAT'S ABOUT 23 THOUSAND FARMS. VILSACK  SAYS THAT'S FAR EXCEEDED EXPECTATIONS.
TRACTOR TALES:
WHAT'S ON TAP FOR TRACTOR TALES THIS WEEK AL? TYNE WE'RE OFF TO THE LAND OF 10,000 LAKES FOR A CLASSIC OLIVER." “THIS 1964 MODEL 1900 IS NO SMALL PIECE OF EQUIPMENT."
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE MORA UNITED METHODIST CHURCH OF MORA, MINNESOTA. CELEBRAING ITS 125TH ANNIVERSARY, THEIR MOTTO IS OPEN HEARTS, OPEN MINDS, OPEN DOORS. THE CHURCH HAS SEEN ITS FAIR SHARE OF CHALLENGES, INCLUDING DAMAGE TO THE BUILDING FROM A WILD FIRE. THANKS TO VOLUNTEERS AND HUGE HEARTS, THEY BUILT A NEW CHURCH IN 1956. IT ALSO SAW A FIRE IN 1991, BUT THE CONGREGATION CAME TOGETHER ONCE AGAIN, TO PUT THE PIECES BACK TOGETHER. OUR THANKS TO THE 125TH CELEBRATION PLANNING TEAM FOR SHARING THEIR STORY…
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.

 

 

 

 

 

 

 

 

 

 

 

 

 

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