USFR Weekly Recap - June 6, 2015, 2014, 2015, 2015

June 6, 2015 03:30 AM
 

TODAY ON USFR
JUNE 6-7, 2015

HEADLINES:
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU THIS WEEKEND. BRINING HOME THE BACON WITH EXPORTS. OUR FARM JOURNAL REPORT SHOWS WHY T-P-P COULD BE A BIG BOOST FOR U-S PORK. THAT MEANS JAPAN COULD BE THE NEW TOP BUYER IN TOWN. IT'S A POPULAR DESTINATION FOR MOVIE SETS...AND IN JOHN'S WORLD…
EXPORTS:
NOW FOR THE MARKET RELATED NEWS, THE U-S DEPARTMENT OF AGRICULTURE HAS TURNED BEARISH ON EXPORTS, SAYING WE COULD HIT THE LOWEST POINT IN SEVERAL YEARS.
CANADA WTO:
ANOTHER DARK CLOUD HANGING OVER EXPORTS IS RETALIATION AGAINST MANDATORY COUNTRY OF ORIGIN LABELING FIRST CANADA THREATENED RETALITORY TARRIFS, AND NOW, CANADIAN LEADERS ARE SEEKING PERMISSION FROM THE WORLD TRADE ORGANIZATION TO MAKE THOSE TARIFFS REALITY. CANADA WANTS TO IMPOSE JUST OVER 3 BILLION DOLLARS IN TARIFFS AGAINST U-S EXPORTS. IT'S LONG LIST OF GOODS THAT COULD BE TAXED, INCLUDING BEEF, PORK, WINE, CHERRIES, AND CORN. CANADA WAS THE SECOND LARGEST BUYER OF U-S AGRICULTURAL GOODS IN 2013.
WPX TRADE:
 TRADE TOOK CENTER STAGE THIS WEEK IN DES MOINES, AS GROWERS AND LEADERS MET IN IOWA FOR THE ANNUAL WORLD PORK EXPO. THE TONE IS QUITE DIFFERENT FROM A YEAR AGO, WHEN THE EFFECTS OF PORCINE EPEDIMIC DIAHREA VIRUS TOPPED EVERYONES LIST. THIS YEAR, IT'S KEY TRADE DEALS WITH LEADERS SAYING THE TRANS PACIFIC PARTNERSHIP COULD BE THE SINGLE BIGGEST TRADE DEAL FOR THE PORK INDUSTRY, POSSIBLY GROWING THEIR EXPORTS BY 50 PERCENT.
PORK PRICES:
MEANWHILE, CASH HOG PRICES MAY BE HITTING THEIR PEAK. WE CAUGHT UP WITH AG ECONOMIST STEVE MEYER AT WORLD PORK EXPO. HE SAYS THE RECENT RALLY IN THE HOG MARKET HAS TAKEN PRODCUERS FROM SEEING SOME STEEP LOSSES, TO BEING IN THE GREEN. HE THINKS CASH HOGS COULD TOUCH 90 DOLLARS LATER THIS SUMMER, BUT THEN RETREAT FROM THOSE HIGHS.
 COTTON:
AS COTTON PLANTING FALLS BEHIND, WE COULD SEE 1 MILLION FEWER BALES OF COTTON PRODUCTION THAN EXPECTED THIS YEAR. NOTED COTTON ANALYST O-A CLEVELAND SAYS WE'LL SEE 750 THOUSAND FEWER ACRES IN TEXAS. AND THE MID-SOUTH'S ACREAGE WILL BE DOWN 50 THOUSAND. HE SAYS THERE'S ANOTHER 3 MILLION ACRES AT RISK WITH THE PRIME PLANTING WINDOW TAKING PLACE THIS WEEK AND NEXT.
EL NINO:
ALL THIS WET WEATHER IN THE SOUTH, METEOROLGISTS SAY EL NINO IS PARTIALLY TO BLAME, AND NOW THE FOOD AND AGRICULTURE ORGANIZATION IS WARNING THE SYSTEM COULD HERE ALL YEAR. EVEN THOUGH EL NINO PRODUCES FAVORABLE WEATHER PATTERNS IN THE U-S, THAT'S NOT THE CASE WORLD WIDE... F-A-O SAYS THE MODERATE TO SEVERE WEATHER EVENT WILL MORE THAN LIKELY HURT GRAIN PRODUCTION.  FOR EXAMPLE, IN INDONESIA, THEY SAY WHEAT PRODUCTION MAY DROP 1 AND A HALF PERCENT.
PITCH TO MIKE:
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER. MIKE, IT'S BEEN ANOTHER SOGGY WEEK FOR MANY OF OUR VIEWERS.
TEASE ONE:
THANKS MIKE. WHEN WE COME BACK, DUANE BOSSE AND ANDY SHISSLER HAVE QUITE A BIT TO COVER IN THIS WEEK'S ROUNDTABLE.
JOHN’S WORLD:
LAST WEEK, EPA RELEASED THE FINAL WATERS OF THE U-S RULE, STIRRING UP QUITE THE CONTROVERSY IN FARM COUNTRY. BUT 'HOW' WORRIED SHOULD WE BE? JOHN PHIPPS WEIGHS IN.
TAG & CLOSE:
THANKS, JOHN. STILL TO COME, PORK EXPORTS HAVE SIZZLED OUT THIS YEAR. BUT PENDING TRADE DEALS COULD REVIVE DEMAND. WE'LL TELL YOU BY HOW MUCH COMING UP ON U-S FARM REPORT.
HEADLINES:
WE HAVE MUCH MORE AHEAD THIS WEEK ON U-S FARM REPORT...AN APPETITE FOR PORK, OUR FARM JOURNAL REPORT EXPLORES WHY DEMAND COULD SHIFT OVERSEAS WITH PENDING TRADE DEALS, CREATING A BIG BOOM FOR EXPORTS.IN AMERICAN COUNTRYSIDE, OLD TUSCON HAS SEVERAL CLAIM TO FAMES, AND IF YOU'RE A FAN OF WESTERNS, YOU'LL IMMEDIATELY SEE WHY. AND IN CUSTOMER SUPPORT, AS THE MICROBREW CRAZE CONTINUES TO GROW, JOHN PHIPPS EXPLORES IF HOPS COULD BE HTE NEW CASH CROP.
AVIAN FLU:
NOW FOR THE HEADLINES, THE NATION'S CHIEF VET SAYS THE DEADLY AVIAN FLU OUTBREAK FINALLY APPEARS TO BE SLOWING, BUT OTHERS SAY WARM WEATHER ISN'T ENOUGH TO STOP IT…
TURKEYS:
JUST WHEN THE MINNESOTA TURKEY INDUSTRY THOUGHT THINGS WERE GETTING BETTER, THE STATE IS HIT HARD WITH AVIAN FLU ONCE AGAIN. AFTER GOING ELEVEN DAYS STRAIGHT WITHOUT A NEW CASE OF AVIAN FLU, SEVERAL FARMS BROKE IN JUST A MATTER OF DAYS. THE DISEASE HAS BEEN TOUGH ON THE TURKEY INDUSTRY AND FARM FAMILIES WHO'VE HAD TO CLEAN UP THE AFTERMATH.
EGG COST:
CONSUMERS ARE SEEING A SPIKE IN PRICES, INCLUDING EGGS. SHELL EGG PRICES ARE SHATTERING RECORD HIGHS; WHILE RESTAURANTS ARE ALREADY PREPARING CUSTOMERS FOR AN EGG SHORTAGE. ABOUT 30 PERCENT OF THE FURHTER PROCESSED EGG MARKET, WHICH ARE EGGS USED IN THE RESTAURANT BUSINESS, HAVE ALREADY BEEN ELIMINATED DUE TO BIRD FLU. FAST FOOD CHAINS LIKE WHATABURGER DECIDED TO SLASH THEIR BREAKFAST HOURS, SAYING THEY CAN'T KEEP UP WITH DEMAND. THE EGG MARKET IS A TRICKY ONE, AS WE'RE NOT ABLE TO IMPORT EGGS. THE PRODUCT IS TOO FRAGILE AND HAS A VERY SHORT SHELF-LIFE. THE MOST LIKELY PLACES TO GET EGGS WOULD BE CANADA AND MEXICO, BUT THOSE COUNTIRES ARE DEALING WITH AVIAN FLU, AS WELL.
FDA ANTIBIOTICS:
AS THE POULTRY INDUSTRY WAITS FOR A VACCINE, THE WHITE HOUSE HOSTED LEADERS DISCUSSING THE EFFECTS OF HUMAN MEDICINES IN LIVESTOCK.  AS PART OF THE MEETING, THE FOOD AND DRUG ADMINISTRATION ANNOUNCED THE 'VETERINARY FEED DIRECTIVE' FINAL RULE. IT REQUIRES LICENSED VETERINARIANS TO OVERSEE THE USE OF SUCH ANTIBIOTICS IN LIVESTOCK FEED. THAT SAME DAY, THE PRESIDENT ISSUED A MEMORANDUM THAT URGES FEDERAL CAFETERIAS TO FAVOR BUYING MEAT FROM FARMS THAT DON'T OVERUSE ANTIBIOTICS.
CALI WATER COST:
THE DIRE SITUATION IN CALIFORNIA ALREADY COST RESIDENTS 2 BILLION DOLLARS. AND THAT PRICE TAG JUST KEEPS GROWING AS THIS YEAR'S DROUGHT IS EXPECTED TO BE EVEN WORSE. NEW RESEARCH OUT OF THE UNIIVERSITY OF CALIFORNIA-DAVIS SHOWS THE DROUGHT WILL RESULT IN 2 POINT 7 BILLION DOLALRS IN STATEWIDE LOSSES JUST THIS YEAR. WHEN MEASURING HTE IMPACT OF WATER CUTS, U-C DAVIS SAYS REVENUE LOSSES FOR CROP, DAIRY AND LIVESTOCK COULD FALL 1 POINT 2 BILLION DOLLARS.
CATTLE RESCUE:
AN AREA THAT WAS STRUGGLING TO FIND MOISTURE LAST YEAR, IS NOW DEALING WITH TOO MUCH. HERE'S AN IMPRESSIVE TEXAS CATTLE RESUCE CAPTURED 30 MILES NORTHEAST OF HOUSTON LAST SUNDAY. THE CATTLE DRIVE HELPED SAVE SEVERAL HUDNRED CATTLE STRANDED. COWBOYS ON HORSES AND AIR BOATS GUIDED THE CATTLE TO HIGER GROUND, SOME OF THE SMALLER ANIMALS RESCUED BY BOAT. THE LOCAL SHERIFF SAYS THE CATTLE WILL BE HAULED BACK TO THE RANCH ONCE THE WATER RECEDES.
WEATHER PITCH:
THAT'S IT FOR NEWS...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER. MIKE, WE'RE HEARING CONTINUED TALK ABOUT EL NINO. WHEN COULD CALIFORNIA FINALLY START TO REAP THE BENEFITS OF THE WEATHER EVENT?
FARM JOURNAL REPORT TAG:
A RECENT CBS AND NEW YORK TIMES POLL FOUND 55 PERCENT OF AMERICANS OPPOSE GRANTING THE PRESIDENT TRADE PROMOTION AUTHORITY. 63 PERCENT THINK TRADE RESTRICTIONS ARE NECESSARY. AND 48 PERCENT SAY THEY HAVEN'T READ OR HEARD ANYTING ABOUT T-P-P. UP NEXT JOHN PHIPS…
CUSTOMER SERVICE:
THE LOCAL MICROBREW CRAZE SEEMS TO BE HEATING UP, BUT IS IT TOO LATE FOR FARMERS TO CASH IN? JOHN PHIPPS ANSWERS A VIEWER'S QUESTION ABOUT HOPS FROM THE FARM. JOHN.
TEASE:
THANKS, JOHN. THAT'S PRETTY INTERESTING. STILL TO COME, ANDREW MCCREA TRAVELS TO SOME OF THE MOST INTERESTING PLACES AROUND THE COUNTRY. AND THIS WEEK, IT'S NO DIFFERENT.
AMERICAN COUNTRYSIDE:
IF YOU'RE A BIG FAN OF WESTERNS, THE STORIES OF COWBOYS AND INDIANS REALLY COME TO LIFE IN CERTAIN FILMS. BUT TO SEE THE BACKDROP OF SOME OF YOUR FAVORITE MOVIES IN REAL LIFE, WELL, THERE'S NOT MUCH THAT CAN COMPARE. AND ANDREW MCCREA HAS JUST THE SPOT AS HE TRAVELS THE COUNTRYSIDE.
TRACTOR TALES:
"THAT'S RIGHT TYNE. THIS G705 IS ONE OF MANY ON THE FLEECE FAMILY FARM. SPORTING A MOLINE YELLOW AND BROWN COMBINATION, THIS BEAST OF A TRACTOR GOT THE JOB DONE IN ITS TIME, BUT NOW LIVES THE LIFE OF A SHOWBOAT.
CHURCH SALUTE:
 TODAY'S COUNTRY CHURCH SALUTE GOES TO THE COLLBRAN CONGREGATIONAL CHURCH, U-C-C-, IN COLLBRAN, COLORADO, THAT'S BEEN THRIVING SINCE 1901 THIS CHURCH SERVES A SMALL FARMING AND RANCHING COMMUNITY IN WESTERN COLORADO. BUT IT'S UNIQUE STRUCTURE IS A FOCAL POINT IN THE TOWN, WITH THE WHITE BUILDING, TOWERING STEEPLY AND DISTINCTIVE STAINED GLASS WINDOWS. OUR THANKS TO JULIA COX 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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