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AgDay Daily Recap -June 18, 2014

June 18, 2014
 
 
TODAY ON AGDAY
June 18, 2014
 
BEEF HONG KONG:
GOOD MORNING I'M CLINTON GRIFFITHS. AS BEEF PRICES CONTINUE THEIR RUN HIGHER, EXPORTS DON'T SEEM TO SUFFER FROM PRICE WEARY CONSUMERS…AND THAT'S OUR TOP STORY ON AGDAY.
CHINESE BEEF:
MEANWHILE, A DELEGATION FROM CHINA'S FOOD SAFETY AGENCY IS COMING TO THE U.S. TO LOOK AT AMERICAN BEEF PRODUCTION - THAT'S ACCORDING TO MEATINGPLACE.
THE U.S. MEAT EXPORT FEDERATION HOPES THE VISIT WILL ENCOURAGE CHINA TO REMOVE ITS BAN OF IMPORTS OF U.S. BEEF - IT'S BAN DATES BACK TO DECEMBER 2003 FOLLOWING THE FIRST U.S. CASE OF BSE. THE USMEF EXPECTS CHINA COULD BEGIN WITH A STAGGERED PROTOCOL-- ALLOWING IMPORTS OF BONE-IN AND BONELESS BEEF FROM U.S. CATTLE AGE 30-MONTHS OR YOUNGER.
NEBRASKA TORNADO:
DAMAGE ASSESSMENTS ARE STILL UNDERWAY IN NORTHEAST NEBRASKA AFTER TORNADOES TOUCHED DOWN ON MONDAY. AND THIS STORM WAS ESPECIALLY INTENSE AS IT SPAWNED TWIN-TWISTERS. THIS IS AN IMAGE YOU RARELY SEE. THEY CAUSED WIDESPREAD DAMAGE IN THE SMALL FARM TOWN OF PILGER.
THE TWO FUNNELS WERE ABOUT A MILE APART.AT LEAST TWO PEOPLE DIED. OFFICIALS SAY THREE QUARTERS OF THE TOWNS BUILDINGS WERE SEVERELY DAMAGED OR DESTROYED.THE NATIONAL WEATHER SERVICE IN OMAHA DISPATCHED TWO CREWS TO THE AREA TO ASSESS DAMAGE AND DETERMINE THE E-F INTENSITY. LET'S CHECK IN NOW WITH METEOROLOGIST MIKE HOFFMAN.
COTTON RESEARCH:
RESEARCH AND PROMOTION IS GETTING A BIG BOOST FOR COTTON GROWERS.
COTTON INCORPORATED BOARD OF DIRECTORS CALLING FOR 80 MILLION DOLLARS,  TO BE SPENT ON THE TWO DISCIPLINES IN 2015. BUT TO DO SO, IT'LL NEED TO PULL FROM ITS RESERVES. THE BOARD SAYS COTTON DEMAND IS NOT WHERE IT NEEDS TO BE AND NOWS THE TIME TO INVEST. THE COTTON BOARD AND COTTON INCORPOARED WILL MEET IN AUGUST TO FINALIZE THE 80 MILLION IN SPENDING BEFORE SENDING IT TO THE SECRETARY OF AG.
TEASE:
UP NEXT A LOOK AT GRAIN MARKETS AND WHY ONE ANALYST ISN'T PREDICTING DOOM AND GLOOM FOR U.S. SOYBEAN PRICES.
AGDAY REOPEN:
YOU ARE WATCHING AGDAY - HOSTED BY CLINTON GRIFFITHS, NATIONAL REPORTER TYNE MORGAN, FARM DIRECTOR AL PELL AND METEOROLOGIST MIKE HOFFMAN. AGDAY THE COUNTRY EXPERIENCE.
ANALYSIS INTRO:
SOYBEAN PRICES CONTINUE TO TICK LOWER. NOVEMBER BEANS NOW TRADING IN THE 12 DOLLAR RANGE.
WHILE PRICES ARE DOWN, THEY'RE NOT DOWN AS FAR AS MANY ANALYSTS EXPECTED IN 2014.
FARM DIRECTOR AL PELL TAKES A CLOSER LOOK IN THIS MORNING'S ANALYSIS.
SHISSLER SOYBEAN:
OUR GUEST HERE AT THE AGRIBUSINESS DESK IS ANDY SHISSLER FROM ROACH AG MARKETING ANDY ONE OF THE THINGS I'D LIKE TO TALK TO YOU ABOUT IS THE SOYBEAN MARKET BECAUSE IT'S WE NOBODY KNEW HOW HIGH IT WAS GOING TO GO AND THEY KEPT SAYING THAT IT WAS GOING TO GO HIGHER AND NOW PEOPLE ARE SAYING THAT IT'S GOING TO GO LOWER SO WHAT REALLY IS HAPPENING TO THE SOYBEAN MARKET. YOU KNOW IT'S FUNNY MY DAD TOLD ME A JOKE A WEEK OR SO AGO ALL THE ANALYST SAID BEANS WOULD NEVER GO TO 13 YOU KNOW YOU BETTER. YES. SETTLE AT 13 THEY'RE NEVER GOING TO GO THERE AGAIN AND THEY WERE RIGHT THEY STAYED AT 14 OR 15 SO YOU KNOW THE BEANS THE NEW CROP BEANS HAVE PERFORMED INCREDIBLY WELL AND I THINK THE SMALL SPECS ARE SHORT NOVEMBER BEANS AND THAT'S PART OF THE REASON THEY'VE TRIED TO RUN THEM OUT OF THE MARKET TWO OR THREE TIMES AND THE NEW CROP BEANS KEEP FOLLOWING THE OLD CROP TAIL BECAUSE THE CROP YOU KNOW CLOSE TO RUNNING OUT OF THE BEANS AND WE'RE TRYING TO MAKE IT THROUGH WITH IMPORTS WHICH IS JUST STAYS AT IMPORT VALUE WHICH IT HAS REALLY FOR A FEW MONTHS AND ONCE THAT'S OKAY THEN WE PROBABLY CAN SOFTEN UP BUT NEW CROP BEANS THEY ADDED THOSE ACRES AND WERE SUPPOSED TO HAVE A 320 CARRYOUT SOMEWHERE IN THAT NATURE BUT WE NEED A 45 YIELD TO DO IT AND 45 YIELD ON BEANS NATIONALLY IS HARD TO DO AND I THINK. THAT'S TRUE. THAT'S WHY BEANS HANG IN AT THIS 12 DOLLAR AREA. BUT I THOUGHT WE HAD A GREAT BIG SOUTH AMERICAN CROP. YOU KNOW WE'VE HAD A BIG CROP IN SOUTH AMERICA MOST YEARS SINCE I'VE BEEN DOING THIS IT SEEMS LIKE AND I DON'T KNOW THAT IT'S EVER IMPACTED OUR OWN CROP PRICE. YOU KNOW WHAT I MEAN SO LIKE IT'S IT'S THE SAME THING WITH WHEAT I MEAN THEY SAY THAT YOU KNOW THE WHEAT MARKET PROBABLY DOESN'T HAVE TO DO ANYTHING BUT WE DIDN'T RAISE HARDLY ANY IN KANSAS CITY WELL I BET THAT PRICE GOES UP THIS YEAR I WOULD THINK, BUT BACK TO BEANS I THINK THAT WE WILL DROP OFF IF WE FEEL WE CAN GET THAT 45 YIELD BUT YOU KNOW AT THIS POINT IF YOU SHAVE A BUSHEL OF BEANS YOUR TAKING OFF 80 MILLION BUSHELS OFF THE CARRY OUT I'M BETTING 2 BUSHELS YOU TAKE A BUSHEL AND A HALF I'M RIGHT WHERE I AM THIS YEAR AND THAT'S THE RISK THAT'S WHY PEOPLE THEIR NOT APP TO GIVE UP THE BEAN MARKET YOU KNOW THIS EARLY IN THE GAME CAUSE WE DON'T KNOW IF WEST TURNS AROUND OR TOUGH CONDITIONS IN AUGUST WITH HEAT YOU KNOW COULD ZAPP THAT YIELD TOWARDS 43 WHICH WOULD BE NATIONALLY A GREAT YIELD IT REALLY WOULD BE SO KEEP DOING YOUR BEAN MARKETING MONTH TO MONTH WHILE ITS HANGING IN HERE AND I THINK EVENTUALLY IT CAN DROP OFF BUT I THINK IT'S MORE OF A CORN THING WHEN BEANS GO DOWN IT'S LIKE I'M NOT SO BEARISH BEANS LIKE EVERYBODY ELSE EVEN WITH ALL THOSE ACRES IT'S HARD TO BUILD STOCK IT'S KIND OF CRAZY REALLY. OKAY THANK YOU VERY ANDY SHISSLER ROACH AG MARKETING OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.
WX:
WELCOME BACK TO AGDAY. MIKE SOME PRETTY POWERFUL STORMS MOVING THROUGH NEBRASKA THE DAKOTAS HERE THE LAST COUPLE OF DAYS, REALLY ALONG THE FRONT FROM MONTANA ALL THE WAY TO THE EAST. THERE IS THE POSSIBLITY THE OVER THE NEXT COUPLE OF AFTERNOONS FOR SOME SEVERE WEATHER AS WELL. SO SOMETHING WE DEFINITELY HAVE TO KEEP AN EYE ON. YOU CAN SEE THE STORM SYSTEM IN MONTANA MOVING NORTHWARD. THE ONE IN NEBRASKA IS KIND OF MOVING NORTHWARD AS WELL. WHICH MEANS WE HAVE A BIG CUT OFF LOW IN THE JETSTREAM? WHICH WE'LL SHOW YOU COMING UP… BUT THAT DOESN'T MEAN THINGS AREN'T DEVELOPING BECAUSE ALONG THIS FRONT WE WILL SEE LITTLE WAVES OF SHOWERS AND THUNDERSTORMS MOVING FROM WEST TO EAST AND YOU CAN SEE OUR MODEL SHOWS SOMETHING OVER THE SOUTHERN GREAT LAKES AND OHIO VALLEY BY LATER ON THIS AFTERNOON. AND SHOWERS AND THUNDERSTORMS UP AROUND THIS AREA OF LOW PRESSURE FROM NORTH DAKOTA BACK INTO MONTANA. HIT AND MISS SHOWERS AND THUNDERSTORMS IN WEST TEXAS AND INTO PORTIONS OF EASTERN NEW MEXICO AND THEN JUST WIDELY SCATTERED AFTERNOON THUNDERSTORMS INTO THE HOT HUMID SOUPY AIR OF THE SOUTH EAST. YOU CAN SEE AS WE HEAD TOWARD TOMORROW MORNING NOT A LOT OF CHANGE IN THIS FRONT ALTHOUGH THE BACKDOOR COLD FRONT AS WE CALL THIS BACKING DOWN THE EASTERN SEABOARD WILL BRING SOME RELIEF TO THE HEAT IN THE NORTHEAST FOR A COUPLE OF DAYS THERE. AND YOU CAN SEE THAT WILL CONTINUE TO DEVELOP AS WE HEAD THROUGH THE DAY TOMORROW. BUT SHOWERS, AND THUNDERSTROMS ONCE AGAIN FIRING ALONG THIS FRONT AND ESPECIALLY BACK AROUND THE AREAS OF LOW PRESSURE AND ALONG THE COLD FRONT DOWN INTO TEXAS AND WESTERN OKLAHOMA. HIT AND MISS THROUGHOUT THE SOUTHEAST AS THAT HUMID AIR CONTINUES. THERE'S THE PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. AND YOU CAN SEE THE HEAVIER AMOUNTS PARTS OF MONTANA THE DAKOTAS PARTS OF IOWA AND INTO NORTHERN ILLINOIS, SOUTHERN WISCONSIN THE GREAT LAKES AND INTO THE NORTHEAST. NOW LETS ADD ON THE NEXT 36 HOURS. YOU'LL SEE SOME HIT OR MISS STUFF IN THE SOUTHEAST BUT THE BULK OF ITS GOING TO BE FROM PENNSYLVANIA ALL THE WAY BACK INTO IOWA AND INTO MONTANA. SOME OF THE SAME AREAS GETTING RAIN ONCE AGAIN WITH HEAVIER THUNDERSTORMS AND SOME DECENT AMOUNTS IN THE DROUGHT AREAS OF WEST TEXAS AND WESTERN OKLAHOMA. SO THAT'S NOT A BAD SITUATION EITHER. THE HEAT CONTINUES THOUGH FROM IOWA SOUTHWARD THROUGHOUT MOST OF THE SOUTHEAST MUCH COOLER 70'S UP ALONG THE NORTHERN TIER OF STATES EVEN 60S FOR HIGH TEMPERATURES IN MOST OF THE NORTHERN ROCKIES. LOOK AT THE LOWS. LOTS OF 40'S IN THE NORTHNERN ROCKIES LITTLE BIT OF COOLER AIR COMING INTO THE NORTHEAST AND THAT WILL SHOW UP IN THE HIGHS DURING THE DAY TOMORROW ONLY IN THE LOW TO MID 70'. STILL FROM THE OHIO VALLEY SOUTHWARD NEAR 90…THERE'S THE RIDGE THERE'S THE CUT OFF LOW. THAT FINALLY DOES START TO MOVE A LITTLE BIT AND THEN IT COMES OVER THE RIDGE AND DIVES INTO THE GREAT LAKES AS WE HEAD INTO SUNDAY MONDAY AND TUESDAY. AND THAT COULD BE A PRETTY SLOW MOVER AS WELL. AND BRING SOME MOISTURE ONCE AGAIN TO THE GREAT LAKES AND PARTS OF THE EAST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LETS TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL WE'LL HEAD TO AUSTIN NEVADA. PARTLY SUNNY…AND MILD…HIGH TEMPERATURE OF JUST 67. FORT DODGE IOWA HOT AND HUMID, HEAVY THUNDERSTORM OR TWO HIGH AROUND 90, AND COLUMBIA SOUTH CAROLINA..MOSTLY SUNNY HOT AND HUMID, THE AFTERNOON HIGH ALL THE WAY UP TO 95.
100 IDEAS CALL FOR ENTRIES:
OUR THANKS TO VERNON BLAYS-DALE OF HARTWOOD, VIRGINIA FOR SHARING HIS IDEA. IF YOU WANT TO SEE VERNON'S ILLUSTRATIONS 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:
IF YOU DON'T CUT SALT FROM YOUR DIET, THE GOVERNMENT WILL, DETAILS IN FOOD AND YOUR FAMILY.
ITC TAG:
THANKS STEVE. UP NEXT THE FDA'S EFFORTS TO REDUCE THE AMOUNT OF SALT IN AMERICA'S DIETS…FOOD AND YOUR FAMILY WHEN WE RETURN.
BB STRATEGO:
AGDAY - BROUGHT TO YOU BY STRATEGO YIELD FUNGICIDE FROM BAYER. PUT'ER THERE EARLY SEASON FOR AN AVERAGE SIX POINT EIGHT BUSHELS AN ACRE BUMP IN CORN YIELD.
FARMERS FEEDING THE WORLD BILLBOARD:
FOOD AND YOUR FAMILY - BROUGHT TO YOU BY FARMERS FEEDING THE WORLD. AGRICULTURE HAS THE ABILITY TO FEED ONE BILLION HUNGRY PEOPLE. PLEASE DREAM HUGE WITH US.
FDA SODIUM REDUCTION:
FOOD COMPANIES AND RESTAURANTS COULD SOON FACE GOVERNMENT PRESSURE TO MAKE THEIR FOODS LESS SALTY.
MEATS RECORD:
AND THE LATEST BUREAU OF LABOR STATISTICS NUMBERS SHOW THE MAY PRICE INDEX FOR MEATS, POULTRY, FISH AND EGGS HIT AND ALL TIME HIGH. IN 1967 INDEX FOR THIS GROUP WAS ABOUT 38.
LAST MONTH NEARLY 253. THE PRICE INDEX IS UP ROUGHLY 8 PERCENT OVER LAST YEAR.
CLOSE:
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.
BB CLOSE CHEVY:
THE CHEVY SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION.
 
 
 

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