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AgDay Daily Recap -July 16, 2014

July 16, 2014
 
 

 

TODAY ON AGDAY
JULY 16, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY -IT'S THE HAVES AND THE HAVE NOTS IN TERMS OF SUMMER PRECIPITATION. PLUS AN EXCLUSIVE TOUR OF FARM COUNTRY WITH ONE USDA METEOROLOGIST. MICHIGAN IC COMING OFF A COLD WINTER...(SOUND OF THUNDER)...WOW I FELT THAT DOWN MY ARMS. IN AGRIBUSINESS IDENTIFYING THE DRIVER OF RECENT CATTLE MARKET MOVES…AND LEARNING TO FARM FROM BEHIND BARS...IS REALLY PAYING OFF FOR SOME AUSTRALIAN INMATES. AGDAY BROUGHT TO YOU BY CHEVY SILVERADO-THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.
CALI DROUGHT:
GOOD MORNING I'M CLINTON GRIFFITHS. YOU MIGHT NEED A JACKET FOR EARLY MORNING CHORES IF YOU LIVE IN THE MIDWEST AS UNSEASONABLY COOL WEATHER MOVES IN.
BUT IN THE WEST - A DIRE WARNING ABOUT THE CALIFORNIA DROUGHT. AND THAT'S OUR TOP STORY ON AGDAY.
CALIFORNIA WATER:
MEANWHILE, THE STATE IS CONSIDERING MANDATORY WATER RESTRICTIONS. THIS WOULD BE THE FIRST TIME EVER. IT FOLLOWS THREE TOUGH YEARS OF EXTREME DROUGHT IN THE GOLDEN STATE. THE WATER RESTRICTIONS ARE EXPECTED TO BE ANNOUNCED BY THE STATE'S WATER BOARD. IT’S LIKELY TO BAN THINGS LIKE SPRINKLERS RUNNING INTO THE STREET, AND WASHING CARS WITH A RUNNING HOSE. OFFENSES WOULD COME WITH A 500 DOLLAR FINE. VOLUNTARY RESTRICTIONS BY RESIDENTS HAVE ONLY YIELDED ABOUT A 5 PERCENT REDUCTION IN USAGE...THE GOVERNOR WAS HOPING FOR A 20 PERCENT SAVINGS.
JUNE RAIN:
 WHILE IT'S COOL IN THE CORNBELT, IT'S ALSO BEEN A WET SUMMER FOR MANY FARMERS IN THE MIDWEST, PLAINS AND PARTS OF THE SOUTH. "NOAA" JUST RELEASED ITS MONTH-END TOTALS. EIGHT STATES HAD ONE OF THEIR 10 WETTEST JUNES ON RECORD. MINNESOTA WAS GROUND-ZERO. THE STATE AVERAGED SEVEN-AND THREE-QUARTERS INCHES OF PRECIPITATION ACROSS THE ENTIRE STATE. THAT'S NEARLY FOUR INCHES ABOVE THE 20TH CENTURY AVERAGE. LET'S CONTINUE OUR WEATHER COVERAGE NOW WITH METEOROLOGIST MIKE HOFFMAN FROM THE AGDAY WEATHER-CENTER, MIKE.
CROP WATCH:
GOOD MORNING CLINTON.
FROM POTTAWATTAMIE COUNTY, IOWA, ONE FARMER TOLD US HE'S GOING TO SPRAY FOR NORTHERN LEAF BLIGHT. ACCORDING TO ONE EXTENSION WESBITE, N-C-L-B CAN CAUSE YIELD LOSS IF IT DEVELOPS BEFORE OR DURING THE TASSELING AND SILKING PHASES OF CORN DEVELOPMENT. THIS FARMER ADDS HIS CROPS HAVE GOOD PROSPECTS, BUT NOTHING OUTSTANDING. IN GRANT COUNTY WASHINGTON POTATO AND DRY PEA HARVEST ARE UNDERWAY. 69-PERCENT OF THE WASHINGTON POTATO CROP IS GOOD TO EXCELLENT. IN IDAHO 84-PERCENT RANKS THAT HIGH. AND FROM STAFFORD COUNTY, VIRGINIA - A REGULAR VIEWER OF OURS SAYS IT HAS TURNED DRY IN STAFFORD COUNTY, VIRGINIA. THEY HAD JUST ABOUT AN INCH AND A HALF OF RAIN IN THE PAST MONTH. THAT'S A THIRD OF NORMAL. CORN IS CURLING IN SOME FIELDS. AS IT TURNS OUT THAT VIEWER IS USDA METEOROLOGIST BRAD RIPPEY. RIPPEY IS ONE OF FIVE METEOROLOGISTS AT USDA HEADQUARTERS. HE FOCUSES ON U-S WEATHER CONDITIONS. AND WHAT A BETTER WAY TO SEE HOW WEATHER IMPACTS FARMERS THAN TO HIT THE ROAD.
RIPPEY ON TOUR:
FROM HIS ONE-WINDOW OFFICE AT USDA HEADQUARTERS, ABOUT THE ONLY TIME BRAD RIPPEY ACTUALLY SEES WEATHER CONDITIONS IS FROM HIS COMPUTER MONITOR. LIKE YOU MIKE, SPENDING THE DAY WITH AN OFFICE JOB, THERE'S NOTHING THAT COMPARES TO GETTING OUT AND SEEING WHAT'S IN THE FIELDS.RIPPEY RECENTLY TOURED THE MIDWEST WHERE HE MET FARMERS - LIKE MICHIGAN FRUIT AND VEGETABLE PRODUCER BRIAN BIXBY. DURING THE STOP AT BIXBY FARMS, THE CLOUDS OPENED UP WHICH HAS BEEN COMMMON IN THIS PART OF THE CORNBELT. AN ON-FARM VISIT GIVES RIPPEY AN OPPORTUNITY TO HEAR FIRST-HAND INFO FROM FARMERS ON THE WEATHER CHALLENGES THEY'RE FACING. IN ALL OF THIS RAIN AND ERRATIC TEMPS, WHAT'S DOING WELL OUT THERE THIS SPRING? IT'S KEEPING A LOT OF APPLE TREES ALIVE THAT WOULD HAVE DIED BY NOW HAD IT BEEN DRY DUE TO THE SEVERITY OF THE WINTER WE HAD) THIS PART OF THE COUNTRY GOT POUNDED WITH SNOW THIS WINTER, OFFICIALLY MEASURING 110 INCHES. COLD TEMPERATURES WERE ANOTHER PROBLEM. IT WAS THE COLDEST WINTER IN ABOUT FOUR DECADES FOR MICHIGAN. AND BIXBY'S PEACH ORCHARD TOOK A BEATING. 20-YEAR-OLD PEACH TREES ARE NOW SKELETAL-LIKE. THESE ARE PEACHES WE BROUGHT OUT OF SOUTH CAROLINA, SO WE HAD SOME TO SELL THIS YEAR. IN ANY GIVEN YEAR, BIXBY SELLS 20-THOUSAND BUSHELS OF HIS MICHIGAN GROWN FRUIT. I WISH I HAD THESE PEACHES THIS YEAR. IT WOULD MAKE A BIG DIFFERENCE. THE STRAWBERRY SEASON WAS A BIG WASH AS WELL.... I KNOW STRAWBERRIES WERE ANOTHER THING HIT THIS YEAR BY DAMP WEATHER. VERY SHORT CROP SEASON. USUALLY GET THREE WEEKS. THIS WEEK WAS ONLY TWO. LOSING FRUIT ON THE VINE? YEP.) TEMPERATURES FLUCTUATED BETWEEN HOT AND COLD WHICH NEVER ALLOWED THE CROP TO FULLY DEVELOP. AND ONCE IT DID, A COMBINATION OF HEAT AND RAIN FINISHED OFF THE CROP PREMATURELY.
FOR RIPPEY, THIS IN-FIELD RESEARCH IS TIME WELL SPENT. I COULD READ BOOKS FOR A YEAR IN MY OFFICE AND NOT GAIN WHAT I GAINED IN ONE DAY OUT HERE IN THE FIELD.
RIPPEY TAG:
WE TALKED TO BRIAN YESTERDAY. HE SAYS TART CHERRY HARVEST JUST WRAPPED-UP IN HIS AREA. IT DID NOT AMOUNT TO MUCH. HIS ONLY HOPE IS FOR A STRONG APPLE CROP.
THEY GROW 20 DIFFERENT CROPS - FROM APPLIES TO ZUCCHINI - ON THE BIXBY FARMS. CLINTON.
ZILMAX:
IN OTHER NEWS, A NEW STUDY IS OUT ON THE FEED ADDITIVE ZILMAX.
THIS ONE COMES FROM SCIENTISTS AT THE UNIVERSITY OF NEBRASKA LINCOLN AND USDA'S AG RESEARCH SERVICE. IT FOUND ZILMAX CAUSED NO NOTICEABLE DETRIMENTAL EFFECTS ON CATTLE HEALTH OR WELL-BEING. ABOUT A YEAR AGO, THE DRUG'S MAKER, MERCK ANIMAL HEALTH, SUSPENDED SALES OF ZILMAX FOLLOWING ANIMAL WELFARE OR LAMENESS CONCERNS FROM PACKERS. IN THIS LATEST STUDY SCIENTISTS COLLECTED BLOOD, BODY TEMPERATURES AND OBVERVATIONS OVER 26 DAYS. THEN AT THE END OF THE TRIAL THE ANIMALS WERE STRESSED-SIMULATING SHIPPING-AND THEN HARVESTED.WHILE THE ANIMALS HAD SLIGHT DIFFERENCES PHYSIOLOGICALLY--OVERALL THERE WAS NO INDICATION IT WAS BAD FOR HEALTH.
TEASE:
UP NEXT WE CONTINUE OUR CATTLE CONVERSATION WITH LOOK AT THE RECENT DROP IN PRICES. PLUS, A 100-DOLLAR IDEA THAT COULD KEEP YOU COOL.
CATTLE PRICES:
IN AGRIBUSINESS...CATTLE FUTURES WERE HIGHER IN TRADING TUESDAY WITH BOTH LIVE AND FEEDER CATTLE PITS POSTING GAINS. LAST WEEK SAW A KEY REVERSAL IN PRICES...WITH CONTRACTS FALLING SIGNIFICANTLY LOWER THAN RECENT RECORD HIGHS.
ANALYSIS CATTLE:
WE'RE BACK AT THE 3I SHOW WITH TOM LEFTLER OF LEFTLER COMMODITIES TOM LET'S TALK ABOUT THE CATTLE MARKET LAST WEEK KIND OF BRUTAL WHAT DID WE SEE THERE AND WHY. WE SAW A VERY BRUTAL WEEK AS WE SAW THE FIRST MAJOR DOWNSIDE IN THIS CATTLE COMPLEX BOTH LIVE CATTLE AND FEEDER CATTLE SINCE THIS UPSIDE STARTED WAY BACK AT THE END OF LAST YEAR WE ACTUALLY WE SAW LAST WEEK A KEY REVERSAL ON THE WEEKLY CHARTS BOTH FOR THE LIVE CATTLE AND THE FEEDER CATTLE TECHNICALLY THAT MEANS MORE DOWNSIDE IS AHEAD OF US YOU KNOW WE'RE PROBABLY GOING TO SEE THAT TAKING PLACE THIS WEEK WITH MORE DOWNSIDE THE THING THAT CAUSED THIS DOWNSIDE WAS THE LONGS HAVE STARTED LIQUIDATING POSITIONS IN THE MARKET THE LONGS HAVE BEEN BIG POSITIONS HELD BY THE FUNDS MANAGED MONEY AND SPECULATORS THEY DECIDED TO START TAKING PROFITS LAST WEEK AND THEY REALLY PUSHED THE MARKET HARD TO THE DOWNSIDE WE SAW THOSE AUGUST FEEDER CATTLE LAST WEEK LOSE OVER 11.50 DOLLARS FROM THEIR HIGH TO THEIR LOW. SO IS IT THAT THEIR THAT THEIR SMARTER THAN US ARE THEY JUST TAKING PROFITS OR DO THEY SEE SOMETHING WE DON'T SEE FUNDAMENTALS STILL LOOK STRONG RIGHT. IT'S ODD THAT YOU SHOULD SAY ARE THEY SMARTER AND IT'S A LOT OF PEOPLE HAVE THE PRECONCEIVED NOTION THAT FUNDS ARE SMART THEY MAKE MONEY ALL THE TIME THEIR LIKE EVERYBODY ELSE THEY ALSO LOSE MONEY TO BUT THEY ALSO REALIZE WHEN THERE'S A PROFIT OPPORTUNITY FOR BEING LONG THIS MARKET AS LONG AS THEY HAVE TAKEN SOME OF THAT MONEY PUT IT IN THEIR POCKETS AND GO HOME WITH IT AND THAT'S WHAT WE'RE SEEING RIGHT NOW WE'VE SEEN THAT BEFORE IN THE GRAIN MARKETS TO AND THE OTHER THING THAT'S SCARY ABOUT THIS IS THEY SOMETIMES HAVE A TENDENCY TO PUSH THESE MARKETS JUST THE WAY THAT THEY DID TO THE UPSIDE TO FAR AND WHEN THEY TAKE IT DOWN SOMETIMES THEY PUSH IT TOO FAR TO THE DOWNSIDE THAT'S THE THING THAT WORRIES ME FOR THE FUTURE AHEAD OF US WILL THEY KEEP LIQUIDATING WILL THEY KEEP PULLING THE PROFITS OUT AND PULL THE MARKET EVEN LOWER. YEA WELL WE WOULD DO A CORRECTION THOUGH RIGHT ARE WAS THE MARKET DO A CORRECTION CAUSE WE WERE RECORD I MEAN JUST UNBELIEVABLY HIGH PRICES. YES EVEN THOUGH WE DO HAVE TIGHT FUNDAMENTALS AND THAT'S ONE OF THE MAIN THINGS THAT BOOSTS THIS MARKET TO THE UPSIDE IT REALLY UPSIDE IN THE FUTURES WAS BECAUSE OF ALL THE MANAGED MONEY IN THERE PUSHING THIS MARKET HIGHER AND WE WAS DUE FOR A PULL BACK TO TAKE PLACE. ALRIGHT TOM THANKS FOR BEING HERE WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE FROM THE 3I SHOW IN DODGE CITY.
BB STRATEGO:
AGDAY BROUGHT TO YOU BY STRATEGO YIELD FUNGICIDE FROM BAYER. PUT'ER THERE EARLY SEASONS FOR AN AVERAGE SIX POINT EIGHT BUSHELS AN ACRE BUMP IN CORN YIELD.
BB NEW HOLLAND 100 IDEA:
NEW HOLLAND SUPPORTS ONE HUNDRED DOLLAR IDEAS AND THE SMART PEOPLE THAT CREATE THEM, VISIT NEWHOLLANDSMART.COM AND FIND OUT WHAT IT MEANS TO BE NEW HOLLAND SMART."
100 IDEA CALL FOR ENTRIES:
JUSTIN 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.
TEASE:
STILL TO COME A MAJOR POULTRY PACKER IS ORDERING UP BIRDS GROWN WITHOUT ANTIBIOTICS. WE'LL TELL YOU WAY IN FOOD AND YOUR FAMILY.
ITC PROGRAM FARM:
 BE IT COOL HAND LUKE OR OH BROTHER WHERE ART THOU, THE IDEA OF INMATES DOING PHYSICAL LABOR ISN'T A NEW ONE. FOR A SYSTEM IN AUSTRALIA, PRISONER ARE FINDING THEIR TIME BEHIND BARS FUITFUL...AS THEY GROW PRODUCE FOR THEIR FELLOW MAN.
ITC TAG:
CLINTON…UP NEXT, CARGILL MAKING CHANGES TO THE WAY IT GROWS TURKEY....FOOD AND YOUR FAMILY IS NEXT.
BB AVAIL:
SUPERCHARGE YOUR P WITH AVAIL PHOSPHORUS FERTILIZER ENHANCER. VISIT S-F-P DOT-COM BACKSLASH BREAKFAST FOR MORE INFORMATION.
EGGLAND’S MILESTONE:
AND FINALLY THE USDA AND EGG PRODUCER, EGGLAND'S BEST SAY THEY'RE CELEBRATING THE 20 BILLIONTH USDA APPROVED EGG. THE COMPANY PRODUCES EGGS ON ABOUT 50 FARMS SCATTERED ACROSS THE COUNTRY. ITS EGGS ARE SOLD IN ALL 50 STATES.
WHILE ROLLING OUT HUNDREDS OF THOUSAND OF EGGS A DAY, THE COMPANY CLAIMS TO REJECT SOME 600-THOUSAND EGGS EACH DAY THAT IT SAYS DOESN'T MEET ITS STANDARDS.
RFD PROMO:
WEDNESDAY ON AGDAY - IT'S THE HAVES VERSUS HAVE NOTS WHEN IT COMES TO PRECIPITATION. WE'LL SHOW YOU THE DISPARITY IN FARM COUNTRY. PLUS AN EXCLUSIVE FARM TOUR WITH A TOP WEATHER EXPERT FROM USDA…JOIN US EIGHT EASTERN ON RFD.
 
 

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