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AgDay Daily Recap -Sep, 2 2014

September 2, 2014
 
 

 

TODAY ON AGDAY
SEPTEMBER 2, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY TRAIN TROUBLES, AS HARVEST DRAWS NEAR I'M MICHELLE ROOK. RAIL ISSUES CONTINUE TO PROVE COSTLY FAR FARMERS IN THE NORTHWESTERN CORN BELT... I'LL HAVE THE DETAILS TODAY ON AGDAY. IN AGRIBUSINESS...A NEW DAIRY PROGRAM GOES INTO EFFECT, HOW WILL PRODUCERS BE IMPACTED? AND WHY TRAVEL TO MUNICH WHEN ALL YOU NEED IS MILWAUKEE! IF I CLOSED MY EYES I COULD HAVE BEEN IN A GERMAN BEER GARDEN AGDAY-BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO-THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.
CORN EXPORTS:
CLINTON…THE U.S. GRAINS COUNCIL SAYS SHIPMENTS TO THE MIDDLE EAST AND NORTH AFRICA IS ON THE REBOUND. LOWER PRICES ENTICE A SURGE IN DEMAND. SHIPMENTS OF CORN HAVE GONE FROM ABOUT 12 MILLION BUSHELS LAST YEAR TO NOW 170 MILLION BUSHELS THIS MARKETING YEAR.
CROP WATCH:
CLINTON…RAIN IS CAUSING BIG PROBLEMS FOR IDAHO FARMERS. AND CORN HARVEST IS RIGHT AROUND THE CORNER IN VIRGINIA. MIKE HOFFMAN HAS DETAILS IN CROPWATCH.
DAIRY FARM BILL:
CLINTON…SIGNS-UP BEGINS TODAY FOR THE NEW DAIRY-FARM RISK MANAGEMENT PROGRAM IN THE FARM BILL. IT REPLACES THE OLD MILK INCOME LOSS CONTRACT SYSTEM. THE PROGRAM PAYS FOR FARMERS WHEN THE DIFFERENCE BETWEEN MILK PRICES AND FEED PRICES SHRINK TO A CERTAIN LEVEL. REGISTERING NOW WILL COVER DAIRY FARMERS FOR THE REST OF THIS YEAR AND 2015. AFTER THAT, IT'S AN ANNUAL SIGN-UP.

DAIRY FARM BILL DICKRILL:

THIS WILL PREVENT FARMERS FROM KNOWING WHAT MARGINS WILL BE IN THE FOLLOWING YEAR AND FORCE THEM TO USE THE PROGRAM AS A RISK MANAGEMENT TOOL AS CONGRESS INTENDED 25% OF THE INSURANCE PREMIUMS WILL BE DUE ON FEBRUARY 1ST OF THE YEAR BEING INSURED WITH THE BALANCE DUE JUNE 1ST FOR DAIRY TODAY I'M JIM DICKRELL
IDAHO DAIRY:
CLINTON…ALSO ON THE DAIRY FRONT, IDAHO ON TRACK TO BECOME THE NATION'S THIRD LARGEST MILK PRODUCER. NOW GENERATING 37 MILLION POUNDS OF MILK A DAY, IDAHO IS ON TRACK TO SURPASS NEW YORK STATE...SITTING RIGHT BEHIND CALIFORNIA AND WISCONSIN. IT'S ALSO SEEN EXPORTS CLIMB 52- PERCENT.
TEASE:
CLINTON…JUST AHEAD, WE'LL CONTINUE OUR LOOK AT TRANSPORTATION AND STORAGE WITH FARM DIRECTOR AL PELL.
ANALYSIS:
WE'RE TALKING WITH ANGIE MCGUIRE CITIZENS GRAIN ABOUT AN ISSUE THAT WE ACTUALLY TALKED ONCE BEFORE AND THAT WAS WHEN THERE WERE OATS PRICES WENT SO HIGH IT WAS ALL BECAUSE OF TRANSPORTATION WE'VE GOT A LOT OF CORN AND BEANS IN GROWING AT THIS POINT IN TIME WHAT HAPPENS IF THE TRANSPORTATION MESSES UP. WELL THAT THE BEAUTY PART WITH BASIS IT'S MADE IT'S A FUNCTION OF SUPPLY AND DEMAND AND IT'S A FUNCTION OF LOGISTIC COSTS AND THINGS OF THAT NATURE SO YOU KNOW WHAT REALLY HAPPENED AND AS WE DISCUSSED IN OATS IS IT WASN'T A MATTER OF WHETHER OR NOT WE HAD THIS SUPPLY IT WAS WHETHER OR NOT WE COULD GET THE SUPPLY TO WHERE THE DEMAND WAS AND WE COULDN'T AT THAT POINT IN TIME SO AND I THINK WE'LL SEE A LOT OF THAT AS WE MOVE INTO HARVEST AND BEYOND IS WE KNOW WELL HAVE THE SUPPLY IT'S JUST MATTER OF IF WE HAVE THE SUPPLY WHERE THE DEMAND IS LOCATED AND FOR SOME THE DEMAND WILL BE TOO FAR AWAY TO REALLY ADVANTAGE OF AND SEE THOSE AWESOME BASIS OPPORTUNITIES WERE AS WITH OTHER IF YOU HAVE THE TRANSPORTATION AND IT'S CLOSE BY YOUR GOING TO BE LEAPS AND BOUNDS AHEAD OF YOUR NEIGHBOR PERHAPS TO THE NORTH OR 500 MILES AWAY EITHER DIRECTION. OKAY LET'S LOOK AT SOME OF THE ISSUES THAT WE COULD GET INTO BECAUSE I KNOW THAT A LOT OF PLACES HERE IN THE UNITED STATES PARTICULARLY CORN BELT WHERE WE BUILT A LOT OF STORAGE. YEAH. SO TRANSPORTATION MIGHT NOT BE A PROBLEM. WELL IT WILL PROBABLY BE A PROBLEM EITHER WAY DEPENDING ON WHAT WE LOOK AT FROM AN OVERALL PRODUCTION CAPABILITY WHERE WITH THE USDA PROJECTIONS AT THIS POINT IN TIME WERE PROBABLY GOING TO HAVE TO HOLD ABOUT A BILLION BUSHEL EXTRA OF CORN AND BEANS VERSUS LAST YEAR I DON'T THINK WE'VE BUILT THAT MUCH SPACE BUT WE PROBABLY COME MAYBE SOMEWHAT CLOSE TO IT. OKAY WHAT IF YOU'RE IN AN AREA WHERE YOU DON'T HAVE ROOM TO STORE WHAT DO YOU DO. WELL THE WORST THING YOU COULD DO I THINK I'VE HAD SOME GUYS SAY WE'RE GOING TO LEAVE IT IN THE FIELD AND THE ONLY THING WORSE THAN CHEAP GRAIN OF COURSE IS LOW QUALITY OR NONE MARKETABLE QUALITY GRAIN BECAUSE THE ONLY THING WORSE THAN 2.50 IS ZERO AND I THINK THAT YOU'LL FIND I THINK THE DEMAND WILL PICK UP AND I THINK YOU'LL BE ABLE TO MOVE IT YOUR JUST GOING TO HAVE TO BE MORE PATIENT IT'S GOING TO BE ONE OF THOSE THINGS WHERE AS A OPPOSED TO PERHAPS HARVESTING YOUR CROP IN 10 DAYS 2 WEEKS OR WHATEVER YOU MAY BE USED TO IT MAY BE SOMETHING TO WHERE YOU HAVE TO DRAG IT OUT A LITTLE BIT UNDERSTAND THAT YOUR ELEVATOR GUYS ARE DOING WHAT THEY CAN AS WELL AND WE JUST HAVE TO HOPE THAT THE RAIL LOGISTICS KICK IN AND HELP NOW IT IS WERE GOING INTO THE SECOND YEAR OF DEALING WITH RAIL ISSUES HAVE WE SEEN AN INFLUX OR AN INCREASE IN TRUCK CAPABILITIES I KNOW THIS WEEK I HAD TWO DIFFERENT CANADIAN OUTFITS WERE SHIPPING SOME CORN INTO ONTARIO BRAND TO THE BULK TRUCKING BUSINESS BUT THERE WAS A NEED AND A DESIRE IN THE FREIGHT PAYS SO THESE GUYS ARE TRANSITIONING OVER FROM MAYBE SCRAP OR SOMETHING ELSE THAT THEY'VE HAULED IN THE PAST TO HAULING GRAIN SO WE COULD SEE SOMETHING OF THAT NATURE WHERE YOU HAVE A LOT MORE IN THE WAY OF LONG HAULS AND YOU'RE GOING TO HAVE TO FACTOR IN THAT THAT'S A LOT MORE EXPENSIVE AND A LOT SLOWER THAN WHAT THE RAIL IS BUT YOU HAVE TO MAKE DO WITH WHAT WE GOT. SO AN ISSUE WERE GOING TO HAVE TO DEAL WITH WE'VE BEEN TALKING TO ANGIE MCGURIE HERE ON AGDAY.
BB MYCOGEN:
GROWING CORN AND SOYBEANS IS ABOUT MORE THAN JUST YOUR YIELD. IT'S WHAT YOU WERE MEANT TO DO. VISIT ACRES OF POSSIBILITY.COM TO DISCOVER THE POTENTIAL OF MYCOGEN SEEDS.
TEASE:
CLINTON…STILL TO COME, BIG FOOD--OPENING THE BOOKS ON SOME OF ITS FOOD ADDITIVES...

DETAILS IN FOOD AND YOUR FAMILY…

ITC BEER GARDENS:
CLINTON…ALCOHOL IS OFTEN FORBIDDEN AT COUNTY PARKS. BUT IN THE LAND OF BEER, BRATS AND CHEESE, FOLKS ARE HOISTING A STEIN OF BREW. CARRIE ANTLEFINGER TELLS US HOW BEER GARDENS ARE HELPING SOME WISCONSIN COUNTIES BALANCE THEIR BUDGETS.

ITC TAG:

CLINTON…RIGHT NOW THERE ARE PERMANENT BEER GARDENS IN THREE MILWAUKEE COUNTY PARKS. THERE'S ALSO A TRAVELING BEER GARDEN THAT ROTATES BETWEEN SEVEN OTHERS. FOOD AND YOUR FAMILY IS NEXT.
BB MOBIL DEVALC:
THIS PORTION OF AGDAY IS BROUGHT TO YOU BY MOBIL DELVAC. SWITCH TO MOBIL DELVAC. LONG LIVE YOU’RE ENGINE AND YOUR BUSINESS. AVAILABLE AT SAM'S CLUB.
FOOD ADDITIVES:
CLINTON…MOST PROCESSED FOODS AT THE SUPERMARKET HAVE A PRETTY COMPLICATED LIST OF INGREDIENTS.NOW CONSUMERS MAY GET A CLOSER LOOK AT HOW BIG FOOD IS MAKING AND USING THOSE ADDITIVES.
MEATLESS MONDAYS:
CLINTON…SPEAKING OF MEAT, THE CITY OF CLEVELAND NOW THE LATEST TO JOIN THE "MEATLESS MONDAYS" CAMPAIGN. MEATINGPLACE REPORTING A RECENT RESOLUTION DECLARES THAT "THE CITY OF CLEVELAND RECOGNIZES THE BENEFITS OF A DIET HIGH IN FRUITS AND VEGETABLES AND URGES RESIDENTS TO PARTICIPATE IN MEATLESS MONDAYS TO IMPROVE THEIR HEALTH." CLEVELAND JOINS LOS ANGELES, WASHINGTON D.C, SAN FRANCISCO AND RALEIGH-DURHAM NORTH CAROLINA THAT HAVE PASSED SIMILAR CITY RESOLUTIONS.
CLOSE:
CLINTON…THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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