Sep 17, 2014
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AgDay Daily Recap -July 17, 2014

July 17, 2014
 
 

 

 

TODAY ON AGDAY
JULY 17, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY - SHIFTING GEARS ON TRANSPORTATION MONEY, BUT IRRIGATION FUNDING MAY HIT A DETOUR SOON. A TEXAS CITY COUNCIL SIDES WITH OIL AND GAS COMPANIES AND IT'S A BIG FRACKING DEAL. IN AGRIBUSINESS, THE SILVER LINING IN THE SEA OF C-M-E RED.I AM NOT A BEAR AT THESE LEVELS. OUR ANALYST PROVIDES A LITTLE GLIMMER OF HOPE.AND YOU WON'T WANT TO GO TO THIS CLASS EMPTY HANDED. WE'LL TAKE YOU TO THE WOODS WHERE AN AXE IS ON THE BACK TO SCHOOL LIST.
TRANSPORTATION BILL:
CLINTON…GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS.  A TEMPORARY FIX TO THE HIGHWAY INFRASTRUCTURE CRISIS IS MOVING FORWARD, BUT STILL NOT FINAL. AND THAT'S OUR TOP STORY ON AGDAY.
IRRIGATION INFRASTRUCTURE:
THERE ARE SOME IRRIGATION PROVISIONS IN THE SENATE BILL. YET TO BE WORKED OUT ARE IF ANY POTENTIAL HOUSE CONFEREES WILL KEEP THAT LANGUAGE IN, SO THAT'S SOMETHING TO WATCH OUT FOR.
RURAL ROADS:
CLINTON…RURAL ROADS HAVE ALSO BEEN SUFFERING FROM YEARS OF DECAY. AMERICAN FARM BUREAU FEDERATION ALONG WITH TRIPLE A RELEASED A MAP OF STATES WITH THE HIGHEST PERCENTAGE OF MAJOR RURAL ROADS CONSIDERED TO BE IN POOR CONDITION.  AT THE TOP OF THE LIST, MICHIGAN, WEST VIRGINIA AND CONNECTICUT, WITH 31 TO 35 PERCENT CONSIDERED IN POOR CONDITION. KANSAS, OKLAHOMA AND MAINE AREN'T FAR BEHIND WITH 26 TO 30 PERCENT BRACKET.
TEXAS FRACKING BAN:
HYDRAULIC FRACTURING, OR FRACKING, HAS STIRRED UPQUITE A BIT OF CRITICISM SINCE THE BOOM STARTED A FEW YEARS AGO. AND NOW ONE TEXAS COMMUNITY IS BACKING THE INDUSTRY, REJECTING A MEASURE THAT WOULD BAN FRACKING IN THE AREA.
SOUTHERN CROPS:
THANKS MIKE. LET'S TURN TO CROP CONDITIONS IN THE SOUTH. ABOUT A QUARTER OF THE COTTON CROP IS SETTING BOLLS. THAT'S RIGHT ON AVERAGE. IN TEXAS - THE BIGGEST GROWER - IT SITS AT 15-PERCENT. CONDITION IS 53-PERCENT GOOD TO EXCELLENT. IN TEXAS ONLY ABOUT 40-PERCENT IS GOOD TO EXCELLENT.A SIMILAR AMOUNT IS FAIR. PEANUTS - 60-PERCENT REACHED THE PEGGING STAGE. THAT'S AHEAD OF AVERAGE. CONDITION-WISE 69-PERCENT IS RATED GOOD TO EXCELLENT. IN THE BIGGEST PEANUT GROWING STATE OF GEORGIA, 70-PERCENT IS GOOD TO EXCELLENT. LOOKING AT RICE - ABOUT A QUARTER OF THE CROP HAS HEADED, WHICH IS JUST A BIT AHEAD OF AVERAGE. 70-PERCENT OF THE CROP IS GOOD TO EXCELLENT. IT'S GROWN PRIMARILY IN SIX STATES, INCLUDING LOUISIANA.
TEASE:
CLINTON…STILL TO COME IN AGRIBUSINESS, CATTLE FUTURES COULD BECOME LESS VOLATILE.

AND FINDING THE SILVER LINING IN THE DEPRESSING GRAIN MARKET PLUNGE…

MAGUIRE SILVER LINING:
CLINTON…GRAIN PRICES FINALLY SAW GREEN YESTERDAY, WHICH HAS BEEN A RARE SIGHT.

LOOK AT THIS CHART OF OLD CROP SOYBEAN PRICES.ON JUNE 26TH, AUGUST SOYBEANS CLOSED AT 13.81. AND IN LESS THAN A MONTH, THAT CONTRACT HAS DROPPED NEARLY 2 DOLLARS.

WX:
WELCOME BACK TO AGDAY. NOW FOR A CHECK OF WEATHER, MIKE I KNOW WE'LL CONFIRM THIS SOMETIME THIS MORNING, BUT I'M HEARING POSSIBLY NEW RECORD LOWS SET AGAIN LAT NIGHT. YEAH, ANYWHERE CLOSE TO THIS REA OF HIGH PRESSURE, REALLY THAT'S THE POSSIBILITY. THERE'S ALSO BEEN THE POSSIBILITY OF RECORD COLD THIS SET IN MANY PARTS OF THE MIDWEST OVER THE LAST COUPLE OF DAYS. WE HAVE BEEN TALKING ABOUT THIS FOR THE PAST WEEK. IT'S COME IN. LOOK HOW FAR THE COLD FRONT HAS GONE SOUTH. THIS IS MID JULY ISN'T IT? AND THIS COLD FRONT GOES ALL THE WAY TO TAMPA? PRETTY IMPRESSIVE THERE... BUT THE HIGH PRESSURE WILL CONTINUE TO MOVE SLOWLY OFF THE EAST WHICH MEANS IT WILL HOLD ITSELF PRETTY DOMINANT OVER MOST OF THE CORNBELT FOR NEXT TWO TO THREE DAYS, ALTHOUGH TO THE BACK SIDE YOU WILL ARM UP OVER NEXT FEW DAYS. COLD FRONT STALLS OUT OVER CENTRAL FLORIDA…SO THERE WILL BE SO SCATTERED STORMS THERE. BUT THE BULK OF THE MOISTURE WILL BE CLOSE AND NORTHEAST OF THIS AREA OF LOWER PRESSURE. AND THAT IS WHERE A LO TO HT RAIN WILL FALL OVER NEXT 36 HOURS OR SO. AS WE HEAD THROUGH THE NIGHTTIME TONIGHT, YOU CAN SEE HIGH PRESSURE MOVING INTO EASTERN OHIO VALLEY AND EASTERN GREAT LAKES, BUT LOW PRESSURE SYSTEM MOVING THROUGH THE RED RIVER VALLEY THERE. BETWEEN OKLAHOMA AND TEXAS AND YOU'RE LOOKING AT SOME PRETTY GOOD AREAS OF STORMS AND EVEN AS WE HEAD THROUGH THIS AFTERNOON, SOME GOOD CHANCES FOR SOUTH TEXAS FOR A CHANGE. PROBABLY NOT ALL THE WAY SOUTH, BUT NONETHELESS INTO SAN ANTONIO AREA, THOSE SECTIONS OF TEXAS THAT HAVEN'T SEEN A WHOLE LOT OF RAIN LATELY, SO THAT'S SOME GOOD NEWS. JUST HIT AND MISS SHOWERS AND STORMS IN PARTS OF THE SOUTHEAST. I KIND OF DOUBT THAT DEVELOPS IN IOWA OR WISCONSIN BUT COULD BE A HIT OR MISS SHOWER THERE. A FEW SHOWERS ALONG THAT NEXT COLD FRONT WHICH IS A WEAK COLD FRONT BY THE WAY, NOTHING LIKE THE ONE WE JUST SAW. THERE'S THE PRECIP ESTIMATES OVER PAST 24 HOURS YOU CAN SEE THE BULK HAS BEE OVER FLORIDA, TEXAS OKLAHOMA AND COLORADO AND KANSAS. ADDING IN THE NEXT 36 HOURS YOU AN SEE THE MAJORITY OF IT IS OVER SOUTHERN PLAINS WITH OUR COMPUTER MODEL SHOWING PARTS OF SOUTH CENTRAL TEXA AND EASTERN TEXAS GETTING 2 TO 3 INCHES OF RAIN, MAYBE EVEN 4 INCHES IN SOME SPOT SIN SOME OF THE HEAVIER STORMS. MOST OF THE CORNBELT DEFINITELY DRY AND ANYTHING THAT DID ALL WOULD BE MORE LIKE SPRINKLES. HIGH TEMPS TODAY THIS AFTERNOON YOU CAN SEE PRETTY MUCH 70S ACROSS THE CORNBELT. A FEW 60S IN THE NORTHERN FRINGE OF THE CLOUDS THERE WITH THAT STORM SYSTEM TO THE SOUTH… THE ONLY REAL HEAT SOUTH TEXAS AND FAR SOUTHWEST…THAT WILL BE THE CASE TONIGHT AND TOMORROW. LOOK AT THE WIDESPREAD 50S AND 60S DOMINATING MOST OF LOWER 48 OVER TONIGHT AND INTO FIRST THING TOMORROW MORNING. WE DO START TO WARM UP IN WESTERN PLAINS TOMORROW, BUT IT'S STILL COOLER THAN NORMAL FOR HT REST OF THE CORNBELT. NOW TAKING A LOOK AT TROPH THAT BROUGHT IN COOL AIR... IT'S MOVING AWAY. IT'S REPLACED BY A RIDGE. WATCH WHAT HAPPENS. IT COMES UP INTO GREAT LAKES, THEN ALL OF A SUDDEN NEXT TROPH DIGS IN…SAME PATTERN WE'VE SEEN. THAT MEANS LATER NEXT WEEK AFTER A 3 TO 4 AY WARM UP  WE'LL START TO COOL BACK DOWN IN MOST OF THOSE AREAS AS WELL. SO THAT'S A LOOK ACROSS THE COUNTRY. LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE'LL HEAD TO CLOVIS NEW MEXICO, MOSTLY CLOUDY AN AFTERNOON THUNDERSTORM HIGH TEMP AROUND 80. IRON MOUNTAIN MICHIGAN PARTLY SUNNY…COULD BE AN AFTERNOON SHOWER…HIGH OF 76 AND COLUMBIA SOUTH CAROLINA, PARTLY SUNNY AND WARM. HIGH AROUND 90...
TEASE:
CLINTON…ONE OF THE MOST POPULAR CANDY BARS IS GOING TO COST YOU MORE. FIND OUT WHICH ONE, AND WHY, IN FOOD AND YOUR FAMILY.
LUMBERJACK SONG:
I'M A LUMBERJACK AND THAT'S OKAY. I SLEEP ALL NITE AND I WORK ALL DAY... THAT'S ONE OF THE CLASSIC SONGS FROM THE BRITISH COMEDY TROUPE MONTY PYTHON. MY PRODUCER FELT WE JUST 'HAD' TO RUN A SNIPPET TO HELP SET-UP OUR NEXT STORY.
ITC LUMBERJACK CLASS:
CLINTON…LOGGING HAS CHANGED A LOT OVER THE GENERATIONS AS POWERFUL HARVESTERS, BUNCHERS AND SKIDDERS HAVE REPLACED AXES, SAWS AND MULES. STILL, THERE'S A NEED TO LEARN HOW TO BE A LUMBERJACK. IN FACT, THERE'S EVEN A COLLEGE FOR IT. MATT FRIEDMAN TAKES US TO THE ADIRONDACK WOODSMEN SCHOOL WHERE TALL PINES ARE BEING "FELLED" AT THE HANDS OF STUDENTS.
ITC TAG:
CLINTON…THANKS MATT. MAYBE I'LL GO TO LUMBERJACK CAMP AFTER THIS BABY ARRIVES!

IT'S GOING TO COST YOU MORE IF YOU'RE CRAVING A HERSHEY'S BAR OR REESE'S PEANUT BUTTER CUP DETAILS NEXT IN FOOD AND YOUR FAMILY.

HERSHEY CANDY:
CLINTON… GET READY TO DIG A LITTLE DEEPER TO BUY THAT HERSHEY'S CANDY BAR. THE COMPANY SAYS IT'S RAISING PRICES. THE CANDY-MAKER IS INCREASING WHOLESALE PRICES ABOUT EIGHT PERCENT ON ITS PRODUCTS. THE COMPANY SAYS THE HIGHER PRICES WILL HELP OFFSET THEIR INPUT COSTS.

HERSHEY SAYS COMMODITY SPOT PRICES FOR COCOA, DAIRY AND NUTS HAVE INCREASED SIGNICANTLY SINCE THE BEGINNING OF THE YEAR. AND THEY EXPECT INPUTS TO GO EVEN HIGHER NEXT YEAR.

CALI TOMATOES:
CLINTON…TUESDAY ON AGDAY WE TALKED ABOUT THE WATER CRISIS IN CALIFORNIA AND HOW THE DROUGHT COULD END UP COSTING 2 POINT 2 BILLION DOLLARS IN LOST REVENUE. AND THE STATE'S AGRICULTURE INDUSTRY IS SUFFERING THE MOST. BUT HOPES FOR A RECORD TOMATO HARVEST ARE STILL THERE.
CLOSE:
CLINTON…THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND AL PELL. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
RFD PROMO:
COMING UP THURSDAY ON AGDAY, A HIGHWAY INFRASTRUCTURE BILL IS IN HIGH GEAR, BUT IRRIGATION NEEDS MAY BE LEFT OUT TO DRY.

 NO BEARDS, NO FLANNEL, NO PROBLEM. THESE LUMBERJACKS TAKE ROOT IN SHARPENING THEIR SKILLS. WE'LL HAVE THE STORY THURSDAY ON R-F-D.

STATION PROMO:
FRIDAY ON AGDAY, GRAIN PRICES MAY BE COOLING OFF, BUT LAND PRICES ARE OFF THE CHARTS. WE'LL BREAKDOWN WHY SOME RECENT LAND SALES HAVE BEEN ON FIRE. AND FARMERS TAKE FLIGHT WITH AG DRONES. JOIN US RIGHT HERE EVERY DAY FOR AGDAY.

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