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AgDay Daily Recap -July 30, 2014

July 30, 2014
 
 

 

TODAY ON AGDAY
JULY 30, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY - A COOL SUMMER IN THE CORNBELT…HOW'S IT IMPACTING CROP POTENTIAL IS THE SOYBEAN CROP REALLY THE BEST IT'S BEEN IN 20 YEARS? WE HAVE THE FIRST HAND REPORT FROM SOYBEAN COLLEGE…PLUS AN UPDATE ON THE POSSIBILITY OF EL NINO IN AGRIBUSINESS WHAT TO DO, IF YOU'VE DONE NOTHING ON YOUR MARKETING PLANS?  I WAS ALWAYS TAUGHT WHEN YOU'RE IN A CAR IF YOU WANT TO AVOID THE ACCIDENT YOU HAVE TO LOOK THROUGH THE WINDSHIELD BUT YOU'RE LOOKING THROUGH THE REAR VIEW MIRROR YOU'RE GOING TO GET INTO PLENTY OF ACCIDENTS. AND IT'S NOT QUITE THE MAJESTY OF MOUNT RUSHMORE...BUT IT'S CERTAINLY MEMORABLE.

AGDAY BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO - THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.

CROP WATCH:
GOOD MORNING CLINTON. AD LIB ABOUT EL NINO…BETSY JUST REPORTED FROM COLDWATER, MICHIGAN ON THE CROP CONDITIONS. WELL, WE ALSO HEARD FROM ANOTHER FARMER IN SOUTHWEST MICHIGAN. ON AGWEB HE SAYS HE STILL HAS GOOD SUBSOIL MOISTURE, BUT THEY ARE RUNNING OUT OF GROWING DEGREE DAYS. THEY'VE HAD FOUR DAYS WITH OVERNIGHT LOWS IN THE 40'S. THAT'S TOUGH BEAN-GROWING WEATHER.

NOW TO SHEBOYGAN COUNTY, WISCONSIN…A CROP REPORTER SAYS MUCH OF THE CORN CROP IS VERY UNEVEN AND THE GROWTH IS DELAYED BECAUSE OF THE WET COOL GROWING SEASON. HOWEVER, THE SECOND CUTTING OF HAY LOOKS GOOD IN THE COUNTY.

AND IN THE SHOW-ME STATE, A FARMER IN DEKALB COUNTY CROPS ARE STILL LOOKING GOOD HERE BUT A NICE SOAKER WOULD BE GREAT. AND TAKING A LOOK AT THE CROP MOISTURE YOU CAN SEE SOME DRY AREAS STARTING TO FORM IN THE CENTRAL APPALACHIANS STILL WET THROUGH MANY OF THE NORTHERN STATES BUT BOY MOST OF THE WESTERN STATES EVEN INTO MONTANA AND MUCH OF WYOMING GETTING VERY  DRY AT THIS POINT I'LL HAVE MY FORECAST COMING UP IN A FEW MINUTES.

EL NINO WEAKENS:
IT APPEARS THE LIKELIHOOD OF AN EL NINO DEVELOPING THIS YEAR HAS DIMINISHED. THE AUSTRALIAN BUREAU OF METEOROLOGY HAS SHIFTED THE STATUS OF EL NINO FROM "ALERT" TO "WATCH. THIS MEANS THE BUREAU SEES AROUND A 50-PERCENT CHANCE OF EL NINO DEVELOPING. THE AUSSIE WEATHER SERVICE SAYS THERE'S BEEN COOLING IN THE CENTRAL AND EASTERN AREAS OF THE PACIFIC. THAT SAID, THE AUSTRALIAN METEOROLOGISTS SAY EL NINO CAN'T BE RULED OUT, BUT IT'S CERTAINLY UNLIKELY TO BE A STRONG EVENT. HERE'S METEOROLOGIST MIKE HOFFMAN WITH TODAY'S CROPWATCH, MIKE.
CROP WATCH:
 GOOD MORNING CLINTON. AD LIB ABOUT EL NINO?...BETSY JUST REPORTED FROM COLDWATER, MICHIGAN ON THE CROP CONDITIONS. WELL, WE ALSO HEARD FROM ANOTHER FARMER IN SOUTHWEST MICHIGAN. ON AGWEB HE SAYS HE STILL HAS GOOD SUBSOIL MOISTURE, BUT THEY ARE RUNNING OUT OF GROWING DEGREE DAYS. THEY'VE HAD FOUR DAYS WITH OVERNIGHT LOWS IN THE 40'S. THAT'S TOUGH BEAN-GROWING WEATHER.

NOW TO SHEBOYGAN COUNTY, WISCONSIN…A CROP REPORTER SAYS MUCH OF THE CORN CROP IS VERY UNEVEN AND THE GROWTH IS DELAYED BECAUSE OF THE WET COOL GROWING SEASON. HOWEVER, THE SECOND CUTTING OF HAY LOOKS GOOD IN THE COUNTY.

AND IN THE SHOW-ME STATE, A FARMER IN DEKALB COUNTY CROPS ARE STILL LOOKING GOOD HERE BUT A NICE SOAKER WOULD BE GREAT. AND TAKING A LOOK AT THE CROP MOISTURE YOU CAN SEE SOME DRY AREAS STARTING TO FORM IN THE CENTRAL APPALACHIANS STILL WET THROUGH MANY OF THE NORTHERN STATES BUT BOY MOST OF THE WESTERN STATES EVEN INTO MONTANA AND MUCH OF WYOMING GETTING VERY  DRY AT THIS POINT I'LL HAVE MY FORECAST COMING UP IN A FEW MINUTES.

HOG WEIGHTS:
LEAN HOGS TRADED LOWER AGAIN TUESDAY AS THE EFFECTS OF PEDV ON THE SUPPLY CHAIN START TO EASE. ONE REASON IS WHAT PURDUE ECONOMIST CHRIS HURT CALLS A SHARP INCREASE IN MARKET WEIGHTS. HE SAYS PRODUCERS AREN'T FEEDING HOGS TO THE TRADITIONAL WEIGHT OF 265 POUNDS--BUT RATHER, 325 POUNDS. ONE REASON IS TO COMPENSATE FOR A REDUCED PIGLET POPULATIONS LOST TO PEDV. MERCK ANIMAL HEALTH WARNS THAT THOSE HEAVIER WEIGHTS REQUIRE ADDITIONAL HEALTH MANAGMENT.
PCA TRAIL:
 IT BEEN FIVE YEARS SINCE A DEADLY PEANUT BASED SALMONELLA OUTBREAK SWEPT THE COUNTRY. JURY SELECTION IS NOW UNDERWAY FOR A TRIAL ASSOCIATED WITH THAT OUTBREAK. AT FEDERAL COURT IN ALBANY GEORGIA, THE FORMER OWNERS OF PEANUT COMPANY OF AMERICA, STEWART AND MICAHEL PARNELL AND THE PLANT'S QUALITY CONTROL MANAGER MARY WILKERSON--ARE AWAITING THE CASE TO BEGIN. THE THREE ARE INDICTED ON 76 COUNTS INCLUDING SHIPPING TAINTED PEANUTS TO FOOD CUSTOMERS, COVERING UP LAB TESTSAND OBSTRUCTION OF JUSTICE.
TEASE:
STILL TO COME IN AGRIBUSINESS, FARM DIRECTOR AL PELL IS JOINED BY MARK GOLD OF TOP THIRD AG MARKETING. THEY'LL DISCUSS WHAT TO DO IF YOU HAVEN'T MARKETED ANY OF THIS YEAR'S CROPS. PLUS, HEAR HOW A KANSAS FARMER EARNED A FEW BUCKS FOR HIS POCKET WITH A LEVEL.
ANALYSIS:
TOP THIRD AG MARKETING MARK GOLD IS HERE MARK LET'S TALK ABOUT A PRODUCER WHO IS A GRAIN PRODUCER THAT HASN'T DONE ANYTHING YET AND I KNOW THERE MORE WOULD LIKE TO ADMIT THAT THEY DID PRETTY GOOD LAST YEAR BY JUST WAITING BECAUSE THE LAST 3 YEARS IF YOU WAITED YOU DID BETTER I DON'T THINK THIS IS THE YEAR. AND PARTICULARLY IN 11 AND 12 IF YOU WAITED TO DO THE MARKETING YOU WERE REWARDED FOR THAT AND 13 WE SAW THE PRICES SOFTEN WHILE THROUGH THE SUMMER AND THE HARVEST SO IT DIDN'T WORK SO WELL FOR THEM THAT YEAR AND IT CERTAINLY HASN'T WORKED THIS YEAR SO IF YOU HAVEN'T DONE ANYTHING WHAT DO YOU DO. WELL YOU HAVE TO DECIDE FOR YOURSELF WHETHER OR NOT THERE'S STILL RISK OUT ON THE TABLE AND I PERSONALLY I BELIEVE THERE STILL PLENTY OF RISK NOW DO I WANT TO BE MAKING HEAVY CASH SALES DOWN HERE WITH THE BASIS WEAK AND WITH THE PRICE LOW NO I DON'T BUT I STILL WANT TO SPEND I CAN BUY AN AT THE MONEY PUT OPTION TODAY AT 3.70 DECEMBER PUT FOR 20 CENTS IF WE GO DOWN TO 3 BUCKS OR 2.80 OR SOME OTHER NUMBER WE'VE GOT THAT PROTECTED COME HARVEST WE CAN TAKE THE MONEY OUT OF THAT PUT THAT BACK INTO THE CLIENTS POCKET HAVE THEM SELL THE GRAIN SO HE DOESN'T GET CAUGHT UP IN THIS STORAGE MESS AND WATCH THE BASIS GO EVEN WORSE AND THEN TURN AROUND A BUY A CALL OPTION IN CASE WE GO BACK UP SO YOU MIGHT BE ABLE TO CATCH SOME OF THE DOWN YOU MIGHT BE ABLE TO CATCH SOME OF THE UP AND WIND UP WITH DECENT NET PRICES BUT YOU HAVE TO PROACTIVE IN THIS GAME AND YEA YOU CAN LOOK BACK AND SAY WELL I DIDN'T DO THE MARKETING I'VE LEFT THE OPPORTUNITY ON THE TABLE FOR THIS YEAR I'M JUST GOING TO THROW IT IN THE BIN AND THROW AWAY THE KEY WELL YOU CAN DO THAT CERTAINLY IF YOUR FINANCIALLY SOUND ENOUGH YOU CAN DO THAT BUT WE WOULD TAKE A MORE PROACTIVE APPROACH I WAS ALWAYS TAUGHT WHEN YOU'RE IN A CAR IF YOU WANT TO AVOID THE ACCIDENT YOU HAVE TO LOOK THROUGH THE WINDSHIELD BUT YOU'RE LOOKING THROUGH THE REAR VIEW MIRROR YOU'RE GOING TO GET INTO PLENTY OF ACCIDENTS AND I THINK A LOT OF GUYS ARE LOOKING IN THE REAR VIEW MIRROR SAYING GEE WE MISSED IT THERE'S NOTHING TO DO NOW WELL I SAY LOOK AHEAD LOOK THROUGH THAT WINDSHIELD AND SEE THAT THERE'S OPPORTUNITIES OUT THERE AND YOU CAN STILL MANAGE THIS RISK AND STILL DO WELL EVEN WITH THE 14 CROP THAT WE'VE SEEN HAVE THIS BIG PRICE BREAK SO YOU STILL HAVE TO LOOK THROUGH THE WINDSHIELD BE POSITIVE AND HOPE THAT WE CAN SEE SOME HIGHER PRICES MAYBE NEXT YEAR. BOTTOM LINE IS THERE IS AN OPPORTUNITY BUT YOU HAVE TO HAVE TO LOOK FORWARD AND WORK AT IT. ABSOLUTELY OKAY THANK YOU VERY MUCH MARK GOLD OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.
WX:
WELCOME BACK TO AGDAY MIKE THAT LOW PRESSURE SYSTEM OUT IN THE SOUTHWEST DID BRING SOME RAIN. MY FOLKS GOT SOME OUT IN NEW MEXICO ABOUT A HALF INCH. OH WOW THAT'S NICE. YEAH ABSOLUTELY NO QUESTION…THEN THERE'S STILL A FAIR AMOUNT YOU CAN SEE TO THE EAST OF IT ESPECIALLY OKLAHOMA NORTHERN PORTIONS OF TEXAS THAT WILL KIND OF SLOWLY BE MOVING TOWARD THE SOUTHEAST AND THAT'S THE MAJOR RAIN PRODUCER ON THE WEATHER MAP TODAY. HUGE HIGH PRESSURE KEEPING MOST OF THE SOUTHEAST DRY AND ANOTHER BIG DOME OF HIGH PRESSURE COMING INTO NORTH DAKOTA WILL KEEP NORTHERN SECTIONS DRY. THERE WILL BE SOME AFTERNOON VARIETY SHOWERS AND THUNDERSTORMS DEVELOP UNDERNEATH BOTH OF THOSE HIGH PRESSURE SYSTEMS BUT THOSE WILL BE JUST HIT AND MISS AFTERNOON TYPE THUNDERSTORMS THAT DON'T REALLY HIT MOST AREAS SO THE MAJORITY OF THOSE SECTIONS WILL BE DRY. IT WILL THIS OKLAHOMA BACK INTO COLORADO STILL NORTHERN NEW MEXICO THE CHANCE FOR SOME AFTERNOON ESPECIALLY SHOWERS AND THUNDERSTORMS BUT NIGHT TIME THUNDERSTORMS AS WELL. JUST NORTH OF THE STATIONARY FRONT FOR THE SOUTHERN MISSISSIPPI VALLEY AS WE HEAD INTO THE DAY ON THURSDAY. SO THAT COULD BE SOME GOOD RAINS FOR THOSE FOLKS AS WELL. AND YOU CAN SEE AGAIN JUST SPOTTY SHOWERS AND THUNDERSHOWERS FOR MOST OF THE CORN BELT AS WE HEAD THROUGH TOMORROW AFTERNOON. TWO AREAS OF LOW PRESSURE ADDING TO THE MOISTURE FOR THE SOUTHWEST…THAT'S WHAT SOME FOLKS CALL THE MONSOONAL MOISTURE OUT THERE THAT CONTINUES TO GIVE SOME FOLKS SOME MOISTURE ANYWAY. PRECIPITATION ESTIMATE THE PAST 24 HOURS YOU CAN SEE NORTHEAST NEW MEXICO LIKE CLINTON SAID INTO PARTS OF THE PANHANDLE OF TEXAS AND OKLAHOMA BACK TOWARD THE NORTHWEST SOME DECENT MOISTURE JUST A FEW HIT OR MISS IN FLORIDA AND ALSO THE GREAT LAKES. ADDING ON THE NEXT 36 HOURS WE'LL TRACK THAT STORM SYSTEM OFF TO THE SOUTHEAST SO MUCH OF OKLAHOMA LOOKS LIKE THEY COULD GET A DECENT RAIN OUT OF THIS ONE AND SURROUNDING AREAS GETTING SOME RAIN AS WELL. TAKING A LOOK AT TEMPERATURES, LOOK AT THE 60'S AND 70S FOR HIGH TEMPERATURES ACROSS THE GREAT LAKES AND THE NORTHEAST. 80'S EVEN LOW 80'S ALL THE WAY DOWN INTO NORTHERN DIXIE. AMAZINGLY COOL TEMPERATURES FOR THIS TIME OF YEAR. BUT FOR THE RIO GRANDE TOWARD THE FAR SOUTHWEST, THAT'S WHERE THE HEAT WILL REMAIN AND IT WILL REMAIN TONIGHT AND TOMORROW AS WELL. BUT 50S AND 60S FOR LOWS ACROSS MOST OF THE CORN BELT. HIGH TEMPERATURES TOMORROW PRETTY SIMILAR BUT MAYBE UP A DEGREE OR TWO FROM WHAT YOU'LL SEE TODAY. TAKING A LOOK AT THE LONGER RANGE THERE'S THAT CUTOFF LOW JUST SOUTH OF HUDSON BAY. IT JUST SITS THERE AND SITS THERE THROUGH THE REST OF THE WEEK. SLOWLY WEAKENS AS WE HEAD INTO THE WEEKEND AND THEN INTO EARLY NEXT WEEK, TEMPERATURES WILL PROBABLY GET BACK CLOSER TO NORMAL FOR MOST OF THE CORN BELT AS WE HEAD INTO THE FIRST HALF OF NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY NOW LETS TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL FOR MORECROFT WYOMING PARTLY SUNNY AND COMFORTABLE HIGH TEMPERATURE OF JUST 82… MONROE LOUISIANA MOSTLY CLOUDY AND AFTERNOON THUNDERSTORM POSSIBLE HIGH OF 85 AND A MIX OF SUN AND CLOUDS AND PLEASANT FOR AUGUSTA MAINE... THE HIGH 74 DEGREES...
100 IDEA CALL FOR ENTRIES:
DAVE IS ACTUALLY A "BEST OF THE BEST" 100 DOLLAR WINNER. IF YOU WANT TO SEE HIS DEVICE OR SUBMIT YOUR OWN IDEA - WITH THE CHANCE OF WINNING ONE HUNDRED DOLLARS - VISIT OUR WEBSITE AT AGWEB-DOT-COM-FORWARD SLASH-IDEAS. YOU CAN ALSO SEE OTHER CLEVER CONTRAPTIONS IN EACH ISSUE OF FARM JOURNAL MAGAZINE.
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:
 WEDNESDAY ON AGDAY - YOU MAY HAVE HEARD ABOUT STRONG PROSPECTS FOR CROPS IN THE CORNBELT. BUT WILL THE POTENTIAL LAST FOR SOYBEANS? PLUS, ADVICE FOR GRAIN FARMERS WHO HAVEN'T MARKETED THEIR CROPS YET... AND A UNIQUE ALTERNATIVE TO MOUNT RUSHMORE...NEWS YOU'LL ONLY SEE ON AGDAY - JOIN US EIGHT EASTERN ON RFD.
STATIO PROMO:
THURSDAY ON AGDAY - MEET A FARMER WHO WAS ABLE TO BREACH THE 100 BUSHEL THRESHOLDS FOR SOYBEANS. IS THAT SUSTAINABLE?

PLUS, THE LATEST NEWS FROM THE BEEF SECTOR IN OUR BEEF TODAY REPORT. AND METEOROLOGIST MIKE HOFFMAN TRACKS THE GROWING SEASON.

JOIN US WEEKDAYS FOR AGDAY.

 
 

 

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