North Carolina’s Latest Crop Progress Report Shows Lack of Moisture
In North Carolina’s latest crop progress report, almost 6 days were suitable for field work compared to about 6 and half last week. Statewide moisture levels continue to drop with 16% rated very short, 38% short, and 46% adequate. The state received little to no precipitation for the week ended December 9th. Al Wood with Pasquotank County Extension reports that farm activities include planting of wheat as well as harvesting of soybeans and cabbage. Wood goes on to say that overall wheat stands look good, and soybean yields have been very good, as well. But, Don Nicholson with NCDA’s Agronomic Division reports in his area that dry conditions have hampered wheat emergence, but have allowed for soybean harvest to continue at a rapid clip.
Russia’s Continued Ban on Pork Disappointing
The U.S. Meat Export Federation is disappointed but not giving up on U.S. efforts to reverse new Russian restrictions on imports of U. S. beef, pork and poultry.
Russia’s new requirements that U.S. beef and pork imports be tested and certified free of leanness-additive Ractopamine, come just days after Congressional action to lift cold-war era trade sanctions on Russia and reap benefits from Moscow’s joining the WTO.
USMEF spokesman Joe Schoele:
“Certainly its disappointing, we are supportive of our trade officials efforts to get this issue resolved to the satisfaction of both countries so that trade can resume as quickly as possible.”
Schoele says through September this year, the U.S. has exported some 242-million dollars worth of beef to Russia…209-million in pork.
USDA Secretary Tom Vilsack and U.S. Trade Representative Ron Kirk called on Russia to suspend the new restrictions, and live up to its WTO commitment to abide by international meat safety standards. North Carolina is second in the country in pork production behind Iowa.
Farm Bill Push On
This week, Farm Bureau presidents from all 50 states are in Washington, D.C. pressing Congress to take action, especially on the farm bill and estate taxes. Present farm bill proposals would save between 23-billion and 35-billion dollars. National Farmers Union President Roger Johnson says a compromise version represents – a smart way to cut spending. Minnesota Senator Al Franken believes the next farm bill should be tied with “fiscal cliff” legislation. He says such a move is the best hope for the farm bill.
Impact of Midwestern Drought on Corn Supplies
USDA Chief Economist, Joe Glauber explains the impact of dry weather conditions on U.S. corn stocks.
“The drought reduced production by 4 billion bushels. No question that has rationed demand and we have seen really tight stock situations. Hopefully we will see the same level of plantings next year and a return to tend yields.”
Tight corn supplies should mean continued high prices into the 2013 crop year, but those same high prices will continue to be difficult on the livestock sector.
South Carolina's Cash Grain Bids Generally Lower on Tuesday
South Carolina’s latest closing cash grain bids to country elevators or processors. New crop bids noted with (*).
2 Yellow Corn was mostly 1 to 3 cents lower, one location 8 lower, 1 Yellow Soybeans were mostly 2 to 3 cents lower, one location 15 lower, 2 Red Wheat was steady to 27 cents lower. New Crop US 1 Yellow Corn had too few bids to trend, New Crop US 2 Red Wheat was mostly 24 to 25 cents lower, one location 5 lower.
Corn at Country Elevators—7.05 at Kingstree; 7.08 at Lynchburg; 7.44 and new crop 6.49 at Estill; Processors—7.44 at Orangeburg 2; 8.22 at Monetta; 7.99 and new crop 6.68 at Sumter; 7.44 at Cassett.
Soybeans at Country Elevators—13.97 at Anderson; 13.72 at Kingstree; 14.01 at Lynchburg; 13.82 at Orangeburg; 14.32 at Estill; Processors—14.47 at Kershaw;
And Wheat at Country Elevators—new crop 7.92 at Anderson; 7.05 at Kingstree; new crop 7.42 at Lynchburg; 7.06 and new crop 7.67 at Estill Processors—*7.66 at Sumter 2; 7.75 at Columbia.