USFR Weekly Recap - May 23, 2015, 2014, 2015, 2015

May 23, 2015 03:30 AM
 

TODAY ON USFR
MAY 23-24, 2015

HEADLINES:
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU THIS WEEKEND...RACE DAY... IT'S THE BIG WEEKEND IN INDY... WE'LL INTRODUCE YOU TO THE MAN BEHIND THE WINNING GLASS OF MILK  AND TELL YOU WHY THE FUTURE OF HIS FARM REAMINS UNWRITTEN.AND IN JOHN'S WORLD, A SORE TOPIC AROUND THE FARM...NO, WE'RE NOT DONE, BUT THANK YOU FOR ASKING."
MILK PRICES:
THE REPORT COMES AS GLOBAL DAIRY PRICES HIT A SIX YEAR LOW. THE ISSUE SEEMS TO BE TOO MUCH MILK.PRODUCTION IS INCREASING IN MORE THAN JUST THE U-S, BUT ACROSS THE GLOBE, FUTHER PUTTING PRESSURE ON PRICES.
TURKEY PRODUCTION:
USDA'S LATEST MEAT PRODUCTION FORECAST COULD BE A STRETCH FOR TURKEYS. THE LATEST SUPPLY AND DEMAND REPORT SHOWS TURKEY PRODUCTION IN THE GREEN THIS YEAR WITH A 4 PERCENT INCREASE. BUT NOW HORMEL FOODS IS QUESTIONING THAT NUMBER, SAYING THE SPREAD OF AVIAN INFLUENZA IS HINDERING PRODUCTION. USDA SAYS NOW MORE THAN 38 MILLION BIRDS ARE INFECTED WITH THE DISEASE, ALL OF WHICH ARE EUTHANIZED TO PREVENT IT SPREADING ANY FURTHER. THAT EQUATES TO ABOUT 4 PERCENT OF THE NATION'S TURKEY FLOCK AND MORE THAN 8 PERCENT OF U-S EGG LAYING HENS.
HORMEL FOODS:
IT'S ALSO CUTTING IN TO COMPANIES' BOTTOMLINE. HORMEL OWNS THE JENNIE-O TURKEY BRAND. THE DEVESTATION ALREADY FORCED THE COMPANY TO MAKE LAYOFFS. THEIR LATEST EARNINGS REPORT JUST CAME OUT WEDNESDAY.THE COMPANY SAYS EVEN THOUGH THEY'VE SEEN GROWTH SO FAR THIS YEAR, THEY HAVE REALLY SEEN THE IMPACT OF AVIAN FLU. HORMEL SAYS BUSINESS WILL BE SIGNIFICANTLY CHALLENGED MOVING FORWARD, MAINLY DUE TO BIRD LOSS. JENNIE-O ACCOUNTS FOR 19 PERCENT OF THE COMPANY'S NET SALES.
BRAZILIAN BEEF:
BRAZILLIAN BEEF COULD GET A BOOST. THAT'S AS CHINA HAS LIFTED A THREE YEAR BAN ON BRAZILLIAN BEEF IMPORTS. CHINESE OFFICIALS SAY THIS OPENS THE DOOR TO HALF A BILLION DOLLARS OF NEW SALES. ACCORDING TO REUTERS, EIGHT BRAZILIAN BEEF PROCESSING PLANTS, AS WELL AS ONE POULTRY PLANT ARE APPROVED TO SHIP TO CHINA. SEVENTEEN MORE PLANTS ARE EXPECTED TO GET THAT APPROVAL BY JUNE.
SYGENTA LAWSUIT:
AS FARMER LAWSUITS LINGER REGARDING SYNGETA'S AGRISURE VIPTERA CORN TRAIT, SYNGENTA IS CLEARNING THE AIR. ACCORDING TO A COMPANY STATEMENT, A PLAINTIFF'S LAWYER CLAIMED THE COURTS AWARDED DAMAGES IN THE LAWSUIT. HOWEVER, SYNGENTA SAYS THAT STATEMENT IS FALSE AND NO RULING HAS BEEN MADE AT THIS TIME. FARMERS ARE SEEKING COMPENSATION FOR DAMAGES THEY CLAIM OCCURRED WHEN CHINA REJECTED SHIPMENTS OF U-S CORN THAT CONTAINED THE TRAIT.
TEASE ONE:
THANKS, MIKE. WET WEATHER HAMPERED SOME PLANTING PROGRESS ACROSS THE COUNTRY. BUT AT THIS POINT, HOW BIG OF A DIFFERENCE DOES IT MAKE? WE'LL DISCUSS WITH MARK GOLD AND TED SIEFRIED AFTER THE BREAK.
JOHN’S WORLD PITCH:
 IT'S A SORE SUBJECT AROUND JOHN'S FARM... ASKING IF HIS CROP IS PLANTED OR HOW PROGRESS IS COMING ALONG. SO TO PREVENT ANY OF THOSE IN EMAILS, HE HAS AN UPDATE FROM THE FARM.
JOHN’S WORLD:
WELL YOU KNOW WHAT THEY SAY ABOUT GOOD INTENTIONS. I KNOW I PROMISED TO CLEAN UP MY ACT AND WEAR BETTER CLOTHING AND BE A LITTLE BIT MORE PROFESSIONAL BUT WERE NOT DONE. YOU KNOW HOW THEY SAY THAT MEN ONLY HAVE ONE THING ON THEIR MINDS IT'S ACTUALLY TRUE RIGHT NOW FOR MANY OF US THAT HAVEN'T FOUND THAT COMMON ROLE ALL I COULD THINK ABOUT IS GETTING TO THE LAST OF THE SOYBEANS AND GETTING THEM IN. WE JUST GOTTEN THEM IN THE GROUND IN CONDITION AND WHAT WORK IN AND WE CAN GET TO THE WET SPOTS AND MAYBE CLOSE THE PLANTING SLIPS SO THAT IS A STEP IN THE RIGHT DIRECTION. IT HAS BEEN A LONG HARD STRUGGLE AS I TALKED ABOUT FOR I AM NOT ASKING YOU TO FEEL SORRY FOR ME I AM JUST GOING TO SAY IF YOUR WAITING FOR SOMETHING BRILLIANT OR INSIGHTFUL OR WOODY ABOUT NEAL NECK OF THE WOODS OR THE PRESIDENT ON TWITTER OR WHAT'S GOING ON IN THE LAND PRICES I GOT NOTHING FOR YOU. ALL I COULD THINK ABOUT IS GETTING DONE. WE HAVE FRIENDS AROUND THAT ARE DONE BUT WERE PAST THE BUFFALO NET THIS TIME OF YEAR. WE ALMOST PAST THAT POINT OF WHO IS AHEAD OF WHO JUST FEEL SORRY FOR THE GUYS THAT ARE STRUGGLING THROUGH, BUT WE HAVE A CHANCE IN THE NEXT 2-3 DAYS TO GET THEM DONE. SORRY THIS IS SOMEWHAT ABBREVIATED AND CERTAINLY UNORGANIZED AND FOR THOSE OF YOU THAT HAVE NOT DONE YOURSELF I HOPE YOU'RE WATCHING THIS ON DVR AFTER YOU STAGGERED ACROSS THE FINISH LINE. I'LL TALK TO YOU PERHAPS A LITTLE BIT MORE CONVENIENTLY NEXT WEEK
TAG & CLOSE:
STILL TO COME, JOHN'S COMMENTARY A FEW WEEKS AGO ABOUT TRADE STIRRED UP SOME CONTROVERSY, SPECIFICALLY WHEN IT CAME TO HIS COMMENTS DIRECTED AT THE U-S SUGAR INDUSTRY. WHEN WE COME BACK, WE'LL HAVE OTHER SIDE OF THE STORY FROM AN INDUSTRY WHO SAYS THEY ARE ALL ABOUT FREE TRADE, AS LONG AS IT'S FAIR.
HEADLINES:
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD ON THIS MEMORIAL DAY WEEKEND. SETTING THE RECORD STRIAGHT ON SUGAR. THE SUGARBEET ASSOCIATION RESPONDS TO A RECENT JOHN'S WORLD WITH FACTS ABOUT SUGAR AND TRADE. MEET THE 2015 INDY 500 MILKMAN. IT'S MORE THAN JUST THIS YEAR'S TITLE THAT SETS HIM APART. WE INTRODUCE YOU TO THE FAMILY AND FARM BEHIND IT ALL, AND SOME THING WATER BOTTLES ARE A WASTE. JOHN ADDRESSES A VIEWER'S CONCERN IN CUSTOMER SUPPORT.
COOL:
NOW FOR THE HEADLINES, FOR THE FOURTH CONSECUTIVE TIME, THE WORLD TRADE ORGANIZATION STOOD FIRM, SAYING THE U-S' MANDATORY COUNTRY OF ORGIN LABELING LAW DOESN'T WORK.
RCALF:
 MEANWHILE, R-CALF SAYS COOL ISN'T THE ISSUE. IT'S THE WORLD TRADE ORGANIZATION THAT NEEDS FIXED. R-CALF SAYS U-S COURTS HAVE FOUND COOL BENEFITS CONSUMERS. AND INSTEAD OF INTRODUCING LEGISLATION TO FIX COOL, CONGRESS SHOULD BE FOCUSED ON FIXING W-T-O INSTEAD.
TPP:
MANY SAY THE TRANS PACIFIC PARTNERSHIP WON'T GET DONE WITHOUT T-P-A. BUT A GROUP IN CHINA DOESN'T WANT TO SEE T-P-P PASSED AT ALL. ACCORDING TO THE JAPAN TIMES, MORE THAN ONE THOUSAND PLAINTIFFS HAVE FILED A LAWSUIT IN JAPAN TO STOP THE TRADE AGREEMENT.THEY SAY A DEAL WOULD MAKE THE COUNTRY TOO DEPENDENT ON AGRICULTRAL IMPORTS, VIOLATING THE CONSITUTIONAL PROMISE OF A SAFE FOOD SUPPLY.
CA WATER:
IT'S AN USUSUAL TURN IN CALIFORNIA AFTER FARMERS ARE NOW VOLUNTEERING TO MAKE WATER CUTS. THE GROUP OF SENIOR WATER RIGHTS HOLDERS IS SAYING THEY WILL GIVE UP A FORUTH OF THE AVAILABLE WATER THIS YEAR FROM THE SACRAMENTO AND SAN JOAQUIN RIVER DELTA. BUT THE FARMERS AREN'T MAKING THE SACRIFICE WITHOUT A DEAL. THEY SAY IN EXCHANGE FOR THE CUTS, THEY WANT GUARENTEES THAT THE STATE WO'T RESTICT THE REMAINING 75 PERCENT OF THE WATER RIGHTS.
DROUGHT MONITOR:
MORE IMPROVEMENTS IN THE DROUGHT MONITOR... THIS TIME BETTER CONDITIONS SPAN FROM NORTH DAKOTA DOWN TO TEXAS... IN THE LONESTAR STATE, THEY ARE NOW FREE OF THE MOST SEVERE LEVELS OF DROUGHT. AND ONLY THREE PERCENT REAMINS IN SEVERE DROUGHT THAT'S A DRAMATIC DIFFERENCE FROM A YEAR AGO WHEN MORE THAN HALF THE STATE WAS IN SEVERE DROUGHT WITH A QUARTER IN THE MOST SEVERE LEVEL OF DRYNESS.
CONAGRA SETTLEMENT:
CONAGRA IS SETTLING A SALMONELLA CASE DATING BACK TO 2007. THE OUTBREAK WAS LINKED TO THE COMPANY'S PETER PAN PEANUT BUTTER PLANT IN GEORGIA. IT WAS BLAMED FOR CAUSING 625 PEOPLE TO BECOME SICK IN 47 STATES. AFTER EIGHT YEARS, CONAGRA HAS AGREED TO PAY 11 POINT 2 MILLION DOLLARS TO SETTLE THE CASE.
CHIPOTLE:
AFTER PUSHBACK, CHIPOLTE IS BACKING OFF IT'S PLEDGE TO FULLY STOP SERVIING FOODS WITHOUT GMO'S. THE COMPANY NOW ACKNOWLEDGING THAT THE MAJORITY OF ANIMAL FEED IN THE U.S. IS GENETICALLY MODIFIED.CHIPOTLE ALSO NOTING THAT MANY OF THE BEVERAGES SOLD IN THE RESTAURANTS CONTIAIN GENETICALLY MODIFIED INGREDIENTS INCLUDING THOSE CONTAINING CORN SYRUP.
AMERICA’S BIGGEST RANCH:
AFTER PUSHBACK, CHIPOLTE IS BACKING OFF IT'S PLEDGE TO FULLY STOP SERVIING FOODS WITHOUT GMO'S. THE COMPANY NOW ACKNOWLEDGING THAT THE MAJORITY OF ANIMAL FEED IN THE U.S. IS GENETICALLY MODIFIED. CHIPOTLE ALSO NOTING THAT MANY OF THE BEVERAGES SOLD IN THE RESTAURANTS CONTIAIN GENETICALLY MODIFIED INGREDIENTS INCLUDING THOSE CONTAINING CORN SYRUP.
FARM JOURNAL REPORT TAG:
USDA'S PROSPECTIVE PLANTINGS REPORT EXPECTS SUGARBEET ACRES TO GROW SLIGHTLY THIS YEAR. MINNESOTA LEADS IN PRODUCTION, FOLLOWED BY NORTH DAKOTA, IDAHO THEN MICHIGAN…UP NEXT, JOHN PHIPPS.
CUSTOMER SUPPORT:
 WELCOME BACK. RECENTLY A VIEWER SAW A WATER BOTTLE ON THE DESK, WHICH SPURRED A VIEWER COMPLAINT. BUT JOHN LOOKS AT BOTH SIDES OF THE ISSUE IN TODAY'S CUSTOMER SUPPORT. JOHN.
TEASE:
THANKS SO MUCH JOHN.WELL, IT COULD BE CALLED THE MOST COVETED GLASS OF MILK. IT'S A TRADITION EACH MEMORIAL DAY WEEKEND ON RACE DAY. BUT DO YOU KNOW THE STORY BEHIND THAT COLD REFRESHING GLASS? WE HAVE IT NEXT ON U-S FARM REPORT.
TRACTOR TALES:
THANKS, TYNE. OUR TRAVELS TAKE US TO NORTHWEST WASHINGTON STATE FOR A UNIQUE D19. THIS ALLIS CHALMERS HAS TRAVELLED A LONG WAY TO IT'S FINAL DESTINATION, AND THE OWNER IS MORE THAN HAPPY TO HAVE ADDED IT TO HIS COLLECTION.
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE CONCORD UNITED METHODIST CHURCH OF LONOKE {LOW-NOAK}, ARKANSAS. THE CHURCH GOT ITS START IN THE 1850S IN A MODEST LOG CABIN. THEN, IN 1941, A SUNDAY SCHOOL CLASS COMPRISED OF YOUNG COUPLES DECIDED TO DO SOMETHING TO HELP CONSTRUCT A NEW CHURCH BUILDING. SO, THEY RAISED 28 ACRES OF COTTON. WITH DONATED LABOR, THE PROCEEDS OF THE CROP WENT TO BUILD A NEW CHURCH. WORK ON THE BUILDING FINALLY BEGAN IN 1950 AND IT'S THE SAME CHURCH THAT STANDS TODAY.  OUR THANKS TO R.B. ,AND SANDY MOORE 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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