USFR Weekly Recap - January 3-4, 2015, 2014, 2015, 2015

January 3, 2015 03:30 AM
 

TODAY ON USFR
JANUARY 3-4, 2015

HEADLINES:
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU THIS WEEKEND. PREPARING FOR 2015-- FROM GRAINS TO MEATS, IT COULD BE ANOTHER WILD RIDE. RUSSIAN TURMOIL- DID THE MARKET OVERREACT TO THE ECONOMIC COLLAPSE? ECONOMIC STRUGGLES HERE AT HOME-- ARE MILLENIALS REALLY TO BLAME? THAT'S IN JOHN'S WORLD. BAXTER BLACK  BREAKS OUT HIS GYM SHORTS FOR A LITTLE COWBOY YOGA.
MF GLOBAL SUIT:
NOW FOR THE NEWS, THE M-F GLOBAL DEBACLE THAT CRASHED IN 2011 STILL HASN'T BEEN RESOLVED. BUT MOVEMENT THIS WEEK WILL HELP GUARENTEE CUSTOMERS DO SEE SOME OF THE MONEY THEY LOST.
STRONG DOLLAR:
THE U-S DOLLAR ENDED THE YEAR ON A HIGH NOTE WITH THE BEST PEFORMANCE IN 25 YEARS. 1989 WAS THE LAST TIME THE DOLLAR LOOKED THIS GOOD AGAINST OTHER CURRENCIES. THAT YEAR THE BERLIN WALL FELL, MICROSOFT OFFICED LAUNGED AND GEORGE BUSH SENIOR BECAME PRESIDENT.
RUSSIAN WHEAT:
ECONOMIC TURMOIL IN RUSSIA CONTINUES. NOW COUNTRY OFFICIALS SAY ITS ADDING A TAX TO WHEAT EXPORTS. THE FEE WILL RUN FROM FEBRUARY TO JUNE AND TOTAL 15 PERCENT OF SHIPMENTS VALUE PLUS ANOTHER 9 DOLLLAR PER METRIC TON. THE MOVE EXPECTED REDUCES EXPORTS BY ABOUT 6 AND HALF PERCENT. EARLIER REPORTS WERE THAT RUSSIA WAS CONSIDERING STOPPING ALL SHIPMENTS...IN AN EFFORT TO KEEP FOOD PRICES DOWN.
SORGHUM SALES:
MEANWHILE, U-S SORGHUM EXPORTS CONTINUE TO SOAR, SHIPPING OUT THE MOST GRAIN IN 19 YEARS. THAT'S MAINLY DUE TO CONTINUED DEMAND FROM CHINA. SORGHUM EXPORTS WERE VIRUTALLY NON-EXISTENT TO CHINA TWO YEARS AGO. NATIONAL SORGHUM PRODUCERS CEO TIM LUST SAYS DEMAND STEMS FROM VARIOUS NEEDS.
PITCH TO MIKE:
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER...MIKE HAPPY NEW YEAR, THE FIRST FULL WEEK OF JANUARY. WHAT'S IN STORE FOR US?
TEASE ONE:
THANKS MIKE. WHEN WE COME BACK, IT'S OUR FIRST MARKETING ROUNDTABLE OF THE YEAR. DO OUR ANALYSTS THINK HOG PRICES HAVE PEAKED? WE'LLD DISCUSS AFTER THE BREAK.
HEADLINES:
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD THIS WEEKEND.
FERTILIZER RELIEF- ONE BANK FORECASTS SLUMPING PRICES, AND OUR OWN EXPERT AGREES. ANOTHER WILD RIDE OUR FARM JOURNAL REPORTS EXPLORES WHAT TO EXPECT FOR COMMODITY PRICES IN 2015. IN CUSTOMER SUPPORT, ARE MONSTER SQUIRRELS REALLY A THREAT? JOHN'S ADDRESSES A VIEWER EMAIL, AND BAXTER BLACK SHOWS US WHY COWBOYS SHOULDN'T PARTAKE IN YOGA.
YOUNG RANCHERS:
NOW FOR THE HEADLINES, A NEW STUDY MAKES A PRETTY BOLD PREDICTION-- SAYING FOR ONE NORTHWEST STATE, THERE WON'T BE ANY FARMERS UNDER THE AGE OF 35 ONCE 20-33 HITS.
HEAT TOLERANT WHEAT:
SPEAKING OF TECHNOLOGY, KANSAS STATE HOPES IT FOUND THE ANSWER TO HELP WHEAT WITHSTAND SCORCHING TEMPERATURES. UNIVERSITY RESEARCHERS DEVELOPED A HEAT-TOLERANT WHEAT GENE.THE GENE WOULD HELP PROTECT THE GRAIN DURING THE CRICICAL GRAIN FILLING STATE OF MAY AND JUNE, WHICH LEADS TO YIELD LOSS.
THE RESEARCHERS SAY ACKNOWLEDGE ONE GENE MAY NOT BE THE ONLY ANSWER
A PATENT IS PENDING.
SEED THEFT TRIAL:
AN UPDATE TO THE CHINESE SEED THEFT CASE...A U.S. DISTRICT COURT JUDGE HAS SET A SEPTEMBER TRIAL DATE FOR A BROTHER AND SISTER ACCUSED OF TRYING TO STEAL SEED TECHNOLOGY FROM AN IOWA FIELD. MO HAILONG, AND HIS SISTER MO YUN...NOW SCHEDULED FOR A SEPTEMBER 14TH TRIAL.THE CASE GOES BACK TO 2011 WHEN THE FBI GOT INVOLVED FOLLOWING REPORTS OF HAILONG DIGGING IN A PIONEER TEST FIELD.
FERTILIZER OUTLOOK:
IF YOU'RE STILL TRYING TO PENCIL OUT INPUT COSTS FOR THE NEW YEAR, RABOBANK HAS SOME GOOD NEWS. THE BANK SAYS FERTILIZER SUPPLY LOOKS TO OUTWEIGH DEMAND.
PROFARMER'S DAVIS MICHEALSON DISCUSSES WHERE THE RELIEF WILL OCCUR.
USDA PESTICIDES:
ALSO FROM USDA, THE DEPARTMENT SAYS IT'S DOING DUE DILLIGENCE ON TESTING FOODS FOR PESTICIDE RESIDUES. THE A NEW REPORT CHECKING CHEMICAL LEVELS ON MORE THAN 100 DIFFERENT FOODS AND PRODUCTS FOUND RESIDUE LEVELS DO NOT POSE A THREAT TO HUMAN HEALTH.BETTER THAN 99 PERCENT PASSING THE RESIDUE CHECK.JUST POINT 2 PERCENT OF ALL SAMPLES SHOWED ANY RESIDUES ABOVE EPA'S SET STANDARDS.
POULTRY LABELING:
MEANWHILE, USDA WANTING STRICTER LABELS ON POULTRY PRODUCTS...THE AGENCY NOW REQUIRING PROCESSORS TO LABEL RAW CHICKEN AND OTHER PRODUCTS THAT CONTAIN ADDED SALTWATER AND OTHER SOLUTIONS, MORE CLEARLY. USDA FOUND CURRENT LABELS ON CHICKEN PRODUCTS LIKE CHICKEN BREASTS ARE MISLEADING BECAUSE THEY DO NOT CLEARNLY AND CONSPICUOUSLY DISCLOSE ANY ADDED SOLUTIONS.
THE NEW RULING IS PUBLISHED IN THE FEDERAL REGISTER AND WILL TAKE EFFECT A YEAR FORM NOW.
DRONE VIDEO:
IF YOU WERE ONE OF THE MANY AMERICANS WHO RECEIVED A DRONE FOR CHRISTMAS THIS YEAR, THE FEDERAL AVIATION ADMINSTRATION HAS A WARNING FOR YOU. THIS WAS RELEASED BY THE F-A-A, SHOWING THE DO'S AND DON'TS OF FLYING A DRONE.
THE 'KNOW BEFORE YOU FLY' VIDEO WARNS PILOTS TO FLY A U-A-V BELOW 400 FEET, BUT DON'T FLY IT BEYOND YOU RLINE OF SITE.AFTER A DRONE TOPPED MANY LISTS AS THE MOST-WANTED GIFTS THIS YEAR, MANUFACTURERS SOLD 200 THOUSAND UNITS PER MONTH THIS YEAR.THAT NUMBER IS EXPECTED TO DOUBLE NEXT YEAR.   
WEATHER PITCH:
THAT'S IT FOR NEWS...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH OUR LONGER-RANGE FORECAST. MIKE, HOW IS JANUARY SHAPING UP?
FARM JOURNAL REPORT:
THANKS MIKE. WHEN WE REFLECT BACK ON 2014, WHAT A WILD RIDE IT WAS FOR GRAIN FARMERS. EARLY PREDICTIONS POINTED TO SUB 3 DOLLAR CORN, AND WHILE WE DIDN'T DIP THAT LOW, CORN DID FALL BELOW 4 DOLLARS, SOYBEANS BELOW 10...SETTING OFF A RIPPLE EFFECT IN THE INDUSTRY...HURTING THE SALES OF EQUIPMENT AND LAND. LIVESTOCK, ON THE OTHER HAND, EXPERIENCED SHORTER SUPPLY, SPARKING RALLIES IN MANY PITS. THAT LED TO RECORD PRICES. SO, WHAT'S IN STORE FOR 2015? IN THIS FARM JOURNAL REPORT, NATIONAL REPORTER BETSY JIBBEN EXPLORES EXPECTATIONS FOR THE NEW YEAR.
CUSTOMER SUPPORT:
WE'VE HEARD STORIES OF DEER AND OTHER ANIMALS TEARING UP VALUABLE FIELDS OF CROPS, BUT WHAT ABOUT SQUIRRELS? WE HAVE A VIWER COMPLAINT IN THIS WEEK'S CUSTOMER SUPPORT. JOHN
TEASE:
MONSTER SQUIRRELS... THANKS, JOHN. IF YOU SEE ANY OF THOSE, WE WANT PICTURES.
ANOTHER SIGHT WE DON'T SEE VERY OFTEN IS BAXTER BLACK EXCERSISING. BUT HE'S BREAKING OUT THE WORKOUT CLOTHES TODAY. SO YOU'LL WANT TO STAY TUNED FOR THAT.
TRACTOR TALES:
WHILE ONLY BUILT FOR A FEW YEARS, THIS UTILITY TRACTOR QUICKLY MADE A NAME FOR ITSELF.  BUILT IN NORTH CAROLINA, THIS WORKHORSE WAS ONE OF MANY POST-WAR MACHINES OF THE NEW ERA…”
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE TRINITY EVANGELICAL LUTHERN CHURCH OF GLENDORA, MICHIGAN. THEY SAY IT'S TRULY A COUNTRY CHURCH, FOUNDED IN A VERY RURAL AREA OF MICHIGAN IN 1919. IT STARTED AS A MISSION CHURCH AND TODAY, THE MAJORITY OF THE CONGREGATION IS COMPRISED OF FARMING FAMILIES. TO HONOR THOSE FAMILIES, THIS YEAR THEY HOSTED A 'BRING YOUR TRACTOR TO CHURCH' EVENT. AND AS YOU CAN SEE, IT WAS WELL RECEIVED, WITH A BIG TURNOUT. HOW NEAT. OUR THANKS TO HEIDI SIEWERT SCHMALTZ 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.

 

 

 

 

 

 

 

 

 

 

 

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