Sunday, December 28, 2008

Texas Cigarette Vendors Have A New Rule To Follow


To comply with a new law that goes into effect Jan. 1st, cigarette vendors will have to ensure they only sell Fire Standard Compliant (FSC) cigarettes.

Fires caused by unattended cigarettes cause between 700 and 900 fatalities in homes across the U.S. each year. In 2006, there were 1,880 cigarette fires in Texas, causing more than $14 million in property losses and damage. In those fires, 10 people died, and 45 were injured, counting 10 firefighters responding to the blazes.

To counter the problem, Gov. Rick Perry signed H.B. 2935, known as the FSCC law, on June 15, 2007.

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Saturday, December 27, 2008

Public Utilities Commission Sets 2009 Interest Rates

Interest rates set by the PUC for customer utility deposits and over/under billings in 2009 are substantially lower than current rates.

NEWS RELEASE, Dec. 1, 2008 -- Texas electric and telephone customers who are over billed will be paid 3.21 percent interest in 2009 under rates established Monday by the Public Utility Commission. Customers will receive 2.09 percent interest on utility deposits.

The 3.21 percent rate for over billings is based on the 90-day prime commercial paper rate over the last 12 months.

The 2.09 percent rate for deposit refunds is based on the average yield on 26-week Treasury bills during the past 12 months.

The final order is available on the PUC Web site by going to the filings interchange under control number 35141.

Editors Note: the current over-bill interest rate is 5.21%. The current utility deposit interest rate is 4.69%.

Email Scam Artists Target Hay Growers

What To Watch Out For To Avoid Hay Purchase Scams.

Back when hay used to be sold over a cup of coffee and a handshake, hard cash changed hands when the trailer was loaded. In the new era of email and money orders, things get a little more complicated.

In the last several years, con artists have developed some tricky schemes to separate a hay grower from his hard earned money, and in some cases, his hay as well.

  • Offering payment by cashier's check or money order only.
  • Insisting on paying more than you're asking.
  • Asking you to send cash on to a 3rd party, such as the hay shipper
  • Poor spelling and odd word choices (not a native English speaker)
  • Lack of knowledge or interest in the hay itself
  • Unusual name, unusual e-mail address
  • Refusing to speak by phone; insisting on corresponding by e-mail only


Treat any transactions that follow these patterns suspiciously, and insist on having money in hand before loading the trailer.

Growers who do fall victim to scammers should contact the Sheriff's Department immediately.

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Friday, December 26, 2008

Athens Livestock Auction - Dec. 19, 2008

Athens cattle prices Friday were up across the board over the previous week, while the head count was down considerably.

ATHENS,TX, 12/19/08 -- Compared to last week: Feeder steers 3.00-5.00 higher. Feeder heifers steady to 4.00 higher. Slaughter cows 2.00-4.00 higher. Slaughter bulls steady. Bulk supply Medium and Large 1-2 400-600 lb feeder steers and heifers. Slaughter cows made up 15 percent of the offering, slaughter bulls 1 percent, replacement cows 7 percent, and feeders 77 percent. The feeder supply included 63 percent steers and 37 percent heifers. Near 22 percent of the run weighed over 600 lbs.

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USDA Hay Report - Dec 24, 2008

Holiday stockpiling over the last month resulted in slower hay sales this week.

AMARILLO, Dec 24, 2008 -- Hay sales have been extremely limited during this
holiday period as most of the users have procured adequate supplies to get them
through the holidays, which is normal during this time of the year.

Prices as a whole remain mostly steady, but spot sales on small bales of high quality alfalfa have begun to climb considerable as supplies dwindle. Late cutting fine stemmed products (clippings) have particularly jumped in recent weeks, with some deliveries quoted at over 300.00 per ton on a delivered basis. Users of high quality small square bales are being forced to turn to 3x3 bales in an attempt to find suitable products.

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‘Sideways prices’ Predicted For Cotton In 2009


Texas A&M economist see very little change for cotton prices in the coming year.

COLLEGE STATION – The current economic crisis coupled with decreased demand won’t spark any immediate rally for cotton prices heading into 2009, according to a Texas AgriLife Extension Service economist.

"There are a couple of things that suggest cotton prices are going to be sideways and struggle to go higher,” said Dr. John Robinson, cotton marketing economist. “Corn will likely go a bit higher since the last two years there’s been this battle for acreage. Cotton has taken a cut in acres because prices didn’t get high enough and that was predictable. Net returns suggested people were better off planting more soybeans, wheat, etc. Cotton is much worse off now.”

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Wednesday, December 24, 2008

Poultry Groups Welcome EPA Final Rule On Air Release Reporting

EPA exempts poultry growers from "emergency release" reporting of naturally occurring releases of ammonia and hydrogen sulfide.

The National Chicken Council, National Turkey Federation, and U.S. Poultry & Egg Association issued a joint statement welcoming the Dec 15th announcement from the U.S. Environmental Protection Agency granting an exemption for poultry farms from having to report naturally occurring air releases of ammonia and hydrogen sulfide as an "emergency release" under the CERCLA and EPCRA emergency reporting framework.

The exemption affects a majority of the family farmers engaged in poultry live production that operate in the United States.

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Pilgrims Pride To Lay Off 500 Plant Workers In Florida

The Florida Times-Union is reporting that Pilgrim's Pride is planning to lay off 505 of the 1,400 employees at its Live Oak plant in Florida.

Company spokesman Ray Atkinson, in addressing the layoff, is quoted as saying "What we're doing is eliminating the second shift."

The report goes on to say that the elimination of the second shift is part of the Pilgrim's Pride bankruptcy reorganization plan.

The advocate emailed Mr. Atkinson, asking if the company will take the same approach at the plant in Mt. Pleasant. His response follows:

The action in Live Oak, Fla., is part of our continuing efforts to reduce costs and operate more efficiently. We are always looking for ways to improve our efficiencies and reduce costs, but at this point we don't have any immediate plans for additional layoffs or closures.



See the complete story from the Florida Times-Union here.

USDA Nationwide Survey to Focus on Irrigation

Government survey focusing on irrigation needs and development, will be mailed out to farmers and ranchers Jan 12th of next year.

WASHINGTON, Dec. 18, 2008 – Water is the source of life and the U.S. agricultural industry depends upon this precious resource to meet the world’s growing need for food, feed, fiber and fuel. U.S. agricultural producers will soon have the opportunity to speak out about their water use when the U.S. Department of Agriculture (USDA) conducts the Farm and Ranch Irrigation Survey.

“By providing a single source of comprehensive, up-to-date information on irrigation and water use across the agricultural industry, this survey will aid in efforts to promote efficient irrigation practices and ensure the long-term sustainability of our nation’s water resources,” said Carol House, deputy administrator of USDA’s National Agricultural Statistics Service (NASS).

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Pilgrim's Pride Not Giving Up On Chicken Growers Lawsuit

Pilgrim's Pride is requesting a bankruptcy judge to let it keep fighting a circuit court ruling favoring chicken suppliers that poses a "staggering" threat to the company's viability.

In 2002, A group of Texas farmers sued the company, claiming the poultry processor had too much control over their contracts for growing broiler chickens.

Pilgrim's Pride, in it's defense, denied any wrongdoing, and said the growers had the burden to prove the arrangements had unduly damaged their profitability.

In July of this year, the 5th U.S. Circuit Court of Appeals ruled the growers didn't need to prove an "adverse effect on competition" to prevail in their lawsuit.

Monday, December 22, 2008

Number of Job Injuries and Illnesses Decrease in Texas in 2007

Texans are working safer and staying healthier, according to a report by the Texas Department of Insurance.

AUSTIN, TX - Employers in private industry in Texas reported a total of 69,320 nonfatal occupational injuries and illnesses involving days away from work for 2007, according to the most recent data from the Bureau of Labor Statistics (BLS) Survey of Occupational Injuries and Illnesses. This was a 4.6 percent decrease from the 72,660 cases reported in 2006.

  • The number of cases with days away from work for 2007 was slightly lower (.02 percent) than 2005, but reflected substantial decreases (6.4 percent) from 2004 and (15.6 percent) from 2003.
  • Although Texas experienced a rate increase in 2006, the 2007 injury and illness rate for cases with days away from work has been remarkably reduced by 25 percent from 2003. The 2007 rate also shows a considerable decline of 14.3 percent from 2004 and 6.5 percent from 2005.


To see the full report, complete with data tables, go to http://www.tdi.state.tx.us/news/2008/news2008197.html

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Friday, December 19, 2008

Dana Holding Corporation Receives Stock Price Warning from NYSE

The NYSE issues the notices to companies whose stock price falls below $1.00 per share. If the price is not bolstered, the company could lose it's listing on the exchange.

In the last year, Dana's stock price has tumbled from $12.00 per share, and has been trading in the 1.50 - .50 range since mid November.

TOLEDO, Ohio, Dec. 19 /PRNewswire-FirstCall/ -- Dana Holding Corporation announced it was notified today by the New York Stock Exchange (NYSE) that the company has fallen below its continued listing standards.

During a consecutive 30-day trading period - under NYSE rules - the average closing price of Dana's common stock must be a minimum of $1 per share and its market capitalization must equal or exceed $100 million.

Dana plans to notify the NYSE that it intends to resolve these matters. The company has six months to return its average share price above the required threshold, and 45 days to submit a plan demonstrating its ability to comply with the market capitalization standard. Under NYSE rules, Dana's common stock will continue to be listed on the exchange during this period, subject to ongoing monitoring and the company's compliance with other continued listing requirements.

Dana's operations, Securities and Exchange Commission reporting requirements, credit agreements, and other debt obligations are not otherwise affected by this NYSE notification.


In November, Dana announced it had reached an agreement with its lenders to restructure 1.3 billion dollars in loans. The news caused a brief uptick in the stock price, but it hasn't afforded any real market support.

Earlier this week, Dana announced plans stop production of GM parts at it's Longview plant until February 23rd, idling about 300 workers. The company said General Motors, one of it's largest buyers, was cutting production, bringing about the layoffs.

At it's peak, the plant employed between 500 and 600 people.

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Thursday, December 18, 2008

Texas Comptroller Susan Combs Urges Action on Work Force Training Gap

Official wants increased educational focus to address the growing concern over a lack of skilled workers in Texas.

AUSTIN — There is a widening gap between the demand for skilled workers in Texas and the state’s ability to supply them, Texas Comptroller Susan Combs said today.

“Texas’ secondary and postsecondary education system is not meeting the demands of the current workplace,” Combs said. “Employers tell us that good paying jobs are going unfilled because they cannot find qualified workers. And we’re hearing from students about the value to them of programs at community and technical colleges. For Texas to remain an economic powerhouse, our education system needs added focus on career and technical training to fill available jobs.”

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Perry Meets with Industry and Labor to Assess Impact of National Economy on Texas

Meeting consensus is that Texas is well positioned to ride out the current economic downturn.
Dec. 17 AUSTIN – Gov. Rick Perry today met with leaders of key trade associations and labor unions to hear first-hand how the current national economic situation is impacting Texas’ industries and workers. This is the fourth meeting Gov. Perry has held with industry and state leaders to discuss the future of the Texas economy.

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Wednesday, December 17, 2008

Pilgrim's Pride Corporation Names Don Jackson as President and Chief Executive Officer

After the resignation of Clint Rivers, the company announced Don Jackson, a longtime employee of rival Foster Farms, as River's successor.

PITTSBURG, Texas, Dec. 16 /PRNewswire-FirstCall/ -- Pilgrim's Pride Corporation today announced that its board of directors has named Don Jackson as its president and chief executive officer subject to approval of the United States Bankruptcy Court for the Northern District of Texas.

The board also appointed Lonnie Ken Pilgrim, its current chairman, as interim president until such time as Dr. Jackson's employment is approved by the bankruptcy court.

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Monday, December 15, 2008

ETMC Home Health’s West And North Divisions Named To 2008 HomeCare Elite Rankings

ETMC Home Health’s west and north divisions have been named to the 2008 HomeCare Elite, a compilation of the most successful Medicare-certified home healthcare providers in the United States.

This annual review has identified ETMC Home Health West as in the Top 100 of agencies and ETMC Home Health North as in the Top 500 of agencies, ranked by an analysis of performance measures in quality outcomes, quality improvement and financial performance. The data used for this analysis was compiled from publicly available information.

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Wednesday, December 10, 2008

Chrysler Recalls 108,000 2007-2008 Diesel Pickup Trucks


14 Complaints of engine compartment fires spark recall notice.

The Chrysler Corporation announced on Wednesday it was recalling 108,429 Dodge Ram diesel pickup trucks. Reportedly, an engine compartment flaw in Ram pickup trucks could cause fires. The recall will begin this month.

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Saturday, November 29, 2008

Upshur Continues To Buck Unemployment Trends


For the third month in a row, Upshur County's unemployment rate remains steady at 4.6%, bucking upward trends in both the Texas and U.S. rates.

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Wednesday, November 26, 2008

Pilgrim's Pride Gets Last Minute Credit Reprieve

The company released a statement today confirming reports that it's lenders had extended the temporary default waiver until Monday.

The company's stocks surged .48 cents on the news, with shares closing the day at 1.02.

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Wednesday, November 19, 2008

Pilgrims' Pride To Lay Off 300 Workers This Year

Local poultry producer under intense credit presure, will cut jobs as part of a restructuring effort.

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Thursday, October 30, 2008

Pilgrim's Pride Going Bust?

The company is pulling out all the stops to keep afloat, but some Wall Street analysts think it's just a matter of time.

"Although the temporary waiver provides Pilgrim's Pride with another 30 days of life, it appears to be more illusionary than substantive," the report said.

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Wednesday, October 29, 2008

Perry Addresses Texas Economic Downturn

In recent remarks, the Governor acknowledges the slowdown, and urges fiscal proactivity. Remarks came ahead of a new report by the Federal Reserve Bank showing Texas manufacturing on a downward trend.

"Fortunately, the things that have been attracting businesses to Texas haven’t changed, but our state is not immune to the upheaval on Wall Street. As strong as it is, the Texas economy is interconnected with the economies of other states and nations, so a ripple effect is unavoidable."
Then on the 21st to the Dallas Regional Council, Perry said

"...this financial storm has left credit very, very tight. Whether you lead a business that was ready to expand, a family that was planning to buy a new home or car, or a local government that is recovering from Ike, we are all being affected by the current financial unrest."

The Governors remark foreshadowed a report released yesterday by the Federal Reserve Bank of Dallas, which showed Texas manufacturing indicators continuing a slide that began early this year.

The Texas Manufacturing Outlook Survey is issued monthly by the Fed. Considered important because the survey focuses on Texas manufacturing, which ranks second behind California in factory production and first in the nation as an exporter of manufactured products.

Movements in this sector can be particularly useful for understanding changes in the general economy. Swings in business activity are often felt more quickly and more intensely in the manufacturing sector, which tends to be more cyclically sensitive than the total economy.

The report summary states:

"Texas manufacturing activity continued to decline in October, according to the Texas Manufacturing Outlook Survey.

Most indicators of current production and general business conditions remained weak. Nearly all indexes for future activity dipped considerably, and several manufacturers noted that the credit crisis had dampened their outlook."

Perry promised to keep pressure on FEMA to reimburse costs associated with Hurricane Ike, saying in Dallas:

"We won’t know Ike’s total cost for some time, but I expect it will far exceed the $11.2 billion that we requested from Congress. When you consider the resources devoted to dealing with the storm, the cost of countless lost business days, destroyed homes and shattered businesses, the price tag will be a hefty one, and that doesn’t even begin to address the tragic loss of life. To that end, we have kept steady pressure on FEMA to ensure we get reimbursements on par with those Louisiana received after Katrina."

In Houston, he also acknowledged fiscal measures the state government businesses are taking to weather the credit storm.

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Tuesday, October 28, 2008

Work Started On Duoline Technologies Plant

Site clearing and grading has started on Duoline's 18 million dollar plant south of Gilmer.

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