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USA Rice Daily - 4/25/2012
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USA Rice Daily, Wednesday, April 25, 201
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USA Rice Daily
Up-to-the-Minute News on Issues and Activities
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USA Rice Federation is the global advocate of all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses.
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Wednesday, April 25, 2012
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Louisiana Rice Farmers Rally at Capitol in Support of Rice Checkoff Programs
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Rice farmers from across the state turned out to oppose changes to Louisiana's rice research and promotion checkoffs.
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BATON ROUGE, LA -- A hearing before the Louisiana Senate Agriculture, Forestry, Aquaculture, and Rural Development Committee yesterday drew rice farmers from across the state. Most were there to oppose Senate Bill 656, legislation that would have changed major provisions of the research and promotion statutes.
"The equal-assessment checkoff referendums were voted on statewide on January 17, 2012, and supported overwhelmingly by an 85 percent margin for research and a 75 percent margin for promotion. Any attempt to reverse the will of this vast majority through legislation should not be allowed," Louisiana Rice Growers Association President John Owen said in his remarks to the committee.
After hearing testimony, the committee voted and the bill did not pass.
Contact: Randy Jemison, (337) 738-7009
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Louisiana Rice Blog Provides Real-Time Look at Rice Progression
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CROWLEY, LA -- In the digital age, social media tools play an essential role in the dissemination of information. Twitter and Facebook make it easy to share content with carefully selected groups but blogs have the potential to communicate on a larger scale. The Louisiana State University (LSU) AgCenter Rice Research Station blog allows readers to follow the progression of a rice crop via a recently installed webcam.
"This blog is viewed by people around the world, and it allows them to compare how rice is grown here with other regions," said Steve Linscombe, director of the Rice Research Station. The webcam gives followers of the blog a more in-depth look at a six-acre field of rice planted in March to produce foundation seed.
The Louisiana Rice Insects blog also has proven to be a useful communications tool. "This blog allows me to provide timely field information to producers," said Natalie Hummel, extension entomologist, LSU associate professor and 2012 Rice Leadership Development Program class member. "Unlike social media tools such as Twitter and Facebook, the blog is open to the public which means anyone can respond and access the information."
Contact: Jamel Jackson, (703) 236-1444
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| CCC Rough Rice Prices Unchanged |
WASHINGTON -- The Department of Agriculture's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for U.S. milling yields and location, and the resulting marketing loan-gain (MLG) and loan deficiency payment (LDP) rates applicable to the 2011 crop, which will become effective today at 7:00 a.m., Eastern Time (ET). Prices are unchanged from the previous announcement.
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World Price
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MLG/LDP Rate
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Milled Value ($/cwt)
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Rough ($/cwt)
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Rough ($/cwt)
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Long-Grain
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17.52
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11.28
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0.00
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Medium-/Short-Grain
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17.31
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11.68
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0.00
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Brokens
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12.40
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This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and the corresponding loan rates:
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U.S. Milling Yields
Whole/Broken
(lbs/cwt)
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Loan Rate
($/cwt)
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Long-Grain
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55.09/13.13
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6.40
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Medium-/Short-Grain
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62.12/7.50
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6.46
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The next program announcement is scheduled for May 2. |
| CME Group/Closing Rough Rice Futures |
CME Group (Preliminary): Closing Rough Rice Futures for April 25
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Month
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Price
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Net Change
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May 2012
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$15.745
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+ $0.080
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July 2012
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$16.000
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+ $ 0.075
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September 2012
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$16.195
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+ $0.085
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November 2012
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$16.415
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+ $0.090
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January 2013
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$16.615
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+ $0.035
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March 2013
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$16.775
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+ $0.025
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May 2013
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$16.930
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UNCH
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| Mission Statement |
| USA Rice Federation is the global advocate for all segments of the U.S. rice industry with a mission to promote and protect the interests of producers, millers, merchants and allied businesses. |
| About Us |
Editor: Stacy Fitzgerald-Redd,
(703) 236-1458,
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Associate Editor: Jamel Jackson,
(703) 236-1444
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Fax (703) 236-2301
4301 North Fairfax Dr.
Suite 425, Arlington, VA 22203-1616.
This report is time-sensitive, based on information available at press time. Content is derived from facts and sources believed to be reliable. Reprinting and/or distribution may be done with permission of the USA Rice Federation
Copyright © 2012. Please direct comments or questions to the editor or contact name listed for each story. |
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