AgDay Daily Recap - January 17, 2017

January 17, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 17, 2017

HEADLINES

A NEW ECONOMIC FORECAST CALLS FOR BETTER  TIMES AHEAD, BUT WILL IT IMPACT THE AG INDUSTRY. IN AGRIBUSINESS...WILL COMMODITIES BE A BETTER INVESTMENT IN 2017. THAT’S WHAT THE COMMODITY TRADER WANTS STABILITY OF THE DOLLARTHE DAIRY INDUSTRY TAKES ON MILK IMPOSTERS. AND WE VISIT A TEXAS  COMPANY WHERE WORKERS PUT THEIR HEART AND SOLE INTO EVERY BOOT  THEY MAKE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING  CHEVY SILVERADO.

EONOMIC CHANGES IN 2017
GOOD MORNING I'M CLINTON GRIFFITHS. 2017 COULD BE A YEAR OF BIG  ECONOMIC CHANGE FOR THE U-S - BUT WILL ANY POTENTIAL CHANGES HELP THE  BOTTOM LINE OF FARMERS ACROSS THE COUNTRY? THE INTERNATIONAL MONETARY FUND ON MONDAY RAISED ITS FORECAST FOR  THE U-S ECONOMY OVER THE NEXT TWO YEARS.  THE I-M-F SAYS POLICIES SET  FORTH BY INCOMING PRESIDENT DONALD TRUMP'S SHOULD BOOST ECONOMIC  GROWTH, PARTICULARLY IN 2018. IT'S PROJECTING A TW0-POINT-THREE PERCENT GROWTH THIS YEAR, AND TWO- AND A HALF PERCENT IN 2018.  THAT COMPARES TO THE ONE-POINT-SIX PERCENT  GROWTH LAST YEAR. THE I-M-F'S MOST RECENT ECONOMIC OUTLOOK TAKES INTO ACCOUNT THE  BOOST IN U-S STOCK PRICESS, INTEREST RATES AND DOLLAR STRENGTH SINCE  THE ELECTION. HOWEVER, THE I-M-F WARNS THAT CHANGES TO TRADE DEALS, AND A MORE  PROTECTIONIST ATTITUDE UNDER A TRUMP ADMINISTRATION, COULD BE - QUOTING NOW - "QUITE DESTRUCTIVE" FOR THE GLOBAL ECONOMY. TRADE IS JUST ASPECT OF THE AG PICTURE. TYNE MORGAN TAKES AN INDEPTH  LOOK AT FARM FINANCES IN 2016. THANKS, CLINTON.  THE LATEST PURDUE AG BAROMETER SHOWING PRODUCERS SENTIMENTS  SKYOCKETED IN DECEMBER. BUT THE MOVEMENT IN MOODS WASN'T BECAUSE  OF A BIG RALLY IN CROP PRICES, AS 60 PERCENT OF THOSE SURVEYED SAY THEIR OPERATION IS FINANICALLY WORSE OFF. BUT IN TALKING TO AG  ECONOMISTS, THE SITUATION IS BETTER THAN MANY EXPECTED, THANKS TO THE  RESILIENCE IN FARM COUNTRY.  IT'S CERTAINTLY NOT A TIME OF PROSPOERITY, BUT IT'S NOT  LIKE WE SAW IN THE 1970 AND 1980S> HEADING INTO 2017 FARMERS ARE FACED WITH MORE OF THE SAME... LOWER  COMMODITY PRICES DEPICTING A DUBIOUS OUTLOOK FOR THE NEW YEAR.  THERE IS SOME LEVEL OF OPTIMISM, BUT THERE'S DEFINITLEY CONCERN GOING INTO THE 2017 CROP  YEAR. WHILE 2016 WASN'T A RECORD BREAKER IN FARM INCOME, IT PANNED OUT  BETTER THAN EXPECTED FOR MANY.  THE YIELDS WERE EXCEPTIONAL. AND HONESTLY, THE TIMING OF HTE GOVERNMENT PAYMENTS WAS  VERY HELPFUL. AND THAT IS GOING TO MAKE A DIFFERENCE TO THE BOTTOMLINE, WHICH IS SOMETHING WE  DIDNT' SEE A YEAR AGO. ARC PAYMENTS COMING INTO THE STATE OF INDIANA AND ACROSS THEBOARD WERE HIGHER THAN WHAT  WE MIGHT HAVE EXPECTED. WHICH IS GREAT FOR OUR CUSTOMERS. SO THEY AHD THE OPPORTUNITY TO  EITHER NOT BORROW AS MUCH OFF THEIR OPERATING LINES INT EH FALL. WE'VE EVEN SEEN A LITTLE BIT OF A  PAYDOWN IN OUR OPERATING LINES, WHICH GIVES THEM A BETTER FIANCIAL POSITION MOVING INTO THE  2017 SEASON.MOODS DIFFER BY REGION... LARGELY DEPENDANT ON YIELDS. FOR AGSTAR, AN  ASSOCIATION OF FARM CREDIT COVERING PORTIONS OF MINNESOTA AND  WISCONSIN, THEIR FARMER CUSTOMERS SAW BIN BUSTER YIELDS, HELPING PAINT A ROSIER PICTURE.  I DO BELIEVE THAT A LOT OF FARMERS SOLD SOYBEANS AND THAT HELPED KEEP I CALL IT OVERALL  OPERATING LINE USAGE A LITTLE BIT LOWER THAN WHAT WE ANTICIPATED. BUT IN SOUTHERN ILLINOIS, YIELDS SUFFERED, SWAYING FINANCES.  UNFORTUNATIEELY, ACROSST HE BOARD THERE WASN'T NEARLY ENOUGH WORKING CAPITAL RETAINED. HOSKINS SAYS AS ABOUT A QUARTER OF FARMERS FACE NEGATIVE MARGINS,  CREATING A  PREVAILING ATTITUDE  THAT WORRIES HIM.  THERE ARE SOME PRODUCERS TAHT ARE TRYING TO SAVE THEIR WAY TO PROSPERITY, IN TODAY'S WORLD I  JUST DON'T THINK THAT'S FEASIBLE. YOU HAVE TO MANAGE EXPENSES, BUT CONTROLLIGN YOU ROPERATION  BY TEH MANAGEMENT OF EXPENSES I'M NOT SURE IS A GOOD LONG-TERM STRATEGY.FROM CROPS TO LIVESTOCK, TIMES ARE TIGHT.  WE'VE SEEN A SLOWDOWN IN THE POULTRY MARKET. OVERALL AT LEAST IN OUR FOOTPRINT. THERE WAS  SOME EXPANSIONS HAPPENING THIS SUMMER, SOME OF HAVE BEEN PUT ON HOLD.AND OUT WEST, THE DAIRY CYCLES IN 2016 TOOK ITS TOLL ON PRODUCERS.  THEY ERODED A BIT OF THAT LIQUIDITY IN 2016, WE'RE GOING TO SEE SOME ADDITONAL EROSION OF HTE  LIQUIDITY IN THEIR BALANCE SHEET IN HERD EQUITY, IN MY MIND, I THINK THIS INDUSTRY IS SET PRETTY TELL TO DEAL WITH ADDITIONAL STRESS ITNO EARLY 2017. WHILE CATTLE PRICES HAVE ALSO FALLEN FROM THEIR HIGHS, CATTLE  PRODUCERS ARE FARING FAIRLY WELL IN ARKANSAS.  IF YOU'V EBEEN OUT AND PURCHASED SOME HIGH PRICED CATTLE, WELL OBVIOUSLY NOT TO YOUR  ADVANTAGE GIVEN WHERE PRICES ARE NOW, BUT WE HAVE A LOT OF CUSTOMERS THAT HAVE BEEN REAL  DILLIGENT IN PURCHASING THEIR CATTLE OR HAVE BEEN MORE MODEST IN TERMS OF EXPANDING. IT JUST REALLY DEPENDS ON WHERE YOU'RE AT INT HAT BUYING CYCLE.IT'S NOT JUST CATTLE PRODUCERS FINDING WAY TO EXPAND WHILE PRICES ARE  DOWN. PORK PRODUCERS ARE GROWING, DESPITE SOME SEEING 40 PLUS  DOLLAR PER HEAD LOSSES IN THE FINAL QUARTER OF 2016.  I KNOW WE'RE HAVING SOME SWINE EXPANSION, ESPEICALLY IN NORTHERN INDIANA, THROUGH  SOUTHERN MICHIGAN OHIO AND ILLINOIS THAT ARE HAPPENING BASED ON SOME PROCESSING PLANTS  COMING ONLINE.IT'S ALSO THE LOWER FEED PRICES HELPING IMPROVE LIVESTOCK PRODUCERS'  BOTTOMLINE.WHEN GRAIN PRICES ARE CHEAP, WE EXCEL. SO THAT HELPS US ON THE  LIVESTOCK SIDE.

FSA FARM LOANS
NOW, WE'VE HEARD A CREDIT CRUNCH IN RURAL AMERICA IS FORCING MORE  PRODUCERS TO TURN TO F-S-A FOR FARM LOANS. HOWEVER, NATIONALLY, THAT'S  NOT WHAT F-S-A IS SEEING. I'LL HAVE THAT STORY TOMORROW ON AGDAY.  WELL IT'S A BIG WEEK FOR THE TRUMP TEAM...THE PRESIDENT ELECT TAKES THE  OATH OF OFFICE ON FRIDAY. AND STILL NO WORD ON A SECRETARY OF AGRICULTURE. TOM VILSACK LEFT HIS POST FRIDAY...THIS WEEK THE AGENCY IS RUNNING WITH  OUT A FIGURE HEAD. 

NCBA APPEALING WOTUS
MEANWHILE, THE NATIONAL CATTLEMENS BEEF ASSOCIATION SAYS THE  SUPREME COURT PLANS TO HEAR THEIR APPEAL ON THE EPA'S WATERS OF THE  U.S. CASE. THEY EXPECT ORAL ARGUMENTS THIS SPRING. MEANWHILE FOLKS IN THE SENATE HAVE INTRODUCED A RESOLUTION  STRESSING THE NEED TO VACATE THE RULE. WHILE OVER IN THE HOUSE... THE CHAIR OF THE US HOUSE'S ENVIRONMENT  SUBCOMMITTEE, ILLINOIS REPUBLICAN JOHN SHIMKUS, SAYS HE'LL USE ALL  OPTIONS TO KILL THE WOTUS RULE AND OTHERS LIKE IT CONSIDERED  BURDENSOME.

SCOTT PRUITT HAS EPA CONFIRMATION SET
SPEAKING OF EPA, THE PRESIDENT ELECT'S PICK TO LEAD THE AGENCY-- OKLAHOMA ATTORNEY GENERAL SCOTT PRUITT-- HAS A DATE NOW FOR HIS CONFIRMATION HEARING. JANUARY 18TH IS WHEN HE'S SET TO STEP IN FRONT OF CONGRESS. MANY FARM GROUPS HOPE PRUITT'S APPOINTMENT WILL LEAD TO FEWER  REGULATIONS AS HE'S BEEN AN OUTSPOKEN CRITIC OF MANY OF THE EPA'S  RECENT MAJOR INITIATIVES LIKE WOTUS.

CROP COMMENTS
A CHUNK OF FARM COUNTRY IS COVERED IN ICE. MIKE HOFFMAN HAS THE  DETAILS. MIKE.  GOOD MORNING, CLINTON.  LET'S START OFF IN NORTHWEST OKLAHOMA.  NICK VOS SHOWING US THIS MESS- AS HE WAS TRAVELING THROUGH FROM  KANSAS TO OKLAHOMA THROUGH THE STORM. THIS IS WHAT HE SAW IN  OKLAHOMA. THE AREA IS COVERED IN ICE AND SEVERAL POWER LINES ARE OFF  AND DOWN.  HE SAYS SNOW IS COMING DOWN ON TOP OF THE ICE AS WELL.  WELL, ICE COATED THE BURT COUNTY NEBRASKA AREA TOO.  MATT NELSON SAYS HIS IS HIS VIEW DOING CHORES.  HE'S EXPECTING ANOTHER ROUND OF ICE.  TAKING A LOOK AT THE WATHER MAP YOU CAN SEE A STORM SYSTEM MOVING THROUGH THE CENTRAL GREAT LAKES MOST OF IT IS NOW IS PLAIN OLD RAIN ANOTHER STORM SYSTEM OUT WEST WE’LL CHECK OUT YOUR FORECAST BUT NOW HERE ARE SOME HOMETOWN TEMPSWITH MARKET PRICES CONSTANTLY CHANGING, IT'S IMPORTANT TO KNOW WHERE CURRENT PRICES  STAND. GET MARKET PRICES DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT MARKETS TO 31313 TO  GET STARTED! 

TEASE
WILL COMMODITIES BE A BETTER INVESTMENT IN 2017. OUR GUEST ANALYST  THINKS SO. HE'LL TALK ABOUT WHY COMING UP IN OUR AGRIBUSINESS BLOCK. PLUS, WE LOOK AT THE SOUL OF A BOOTMAKER AS HE PLACES SOLES ON A  TEXAS BOOT. AGDAY - BROUGHT TO YOU BY RESICORE HERBICIDE FOR CORN.  A UNIQUELY PWERFUL FORMULATION.   EXTRAORDINARY POWER OVER WEEDS.

AGRIBUSINESS
DOUG WERLING BOWER TRADING OUR GUEST HERE THE AGRIBUSINESS DESK  TODAY DOUG LETS TALK ABOUT COMMODITIES IN GENERAL BECAUSE OVERALL IT'S BEEN KIND OF A TOUGH COUPLE THREE YEARS REALLY. YEA IF YOU LIKE A  COMMODITY BASE IT 'S ESSENTIALLY LOST VALUE FOR MOST THREE YEARS IN A  ROW CRB INDEX ABD LOT OF THAT 'S THE PRICE RELATIONSHIP TO THE DOLLAR  YOU KNOW WE'RE UP ABOVE PAR NOW. SO DEPENDATE ON WHAT YOU THINK THE  DOLLAR 'S GOING TO DO OR I'M ON THE BOAT THAT IT 'S GONNA REMAIN STRONG  BUT MORE SIDEWAYS TYPE LITTLE HIGHER RANGE TRADING MARKET THIS YEAR  THAT 'S WITH COMMODITY TRADER WANTS HE WANTS STABILITY IN THE DOLLARS  SO THEY GO FORWARD FROM THERE NOW THERE 'S SOME COMMODITIES IN  GENERAL THAT WERE VERY NOT GOOD PERFORMERS LAST YEAR THAT THINGS  HAVE CHANGED AND THAT 'S WHAT HAPPENS IN THE COMMODITY MARKETS YOU  GET LESS PRODUCTION TO ME AND USUALLY STAYS THE SAME THING TO  CHANGE. WHEATS ONE OF THOSE MARKETS WORK BETTER THIS YEAR. CORN  LOOKS BETTER SOME OF THESE SOFT MARKETS FOR EXAMPLE COCOA AND  SUGAR LOOK PRETTY INTERESTING THIS YEAR WITH A CERTAIN SUPPLY DEFICIT  SITUATIONS DEVELOPING GLOBALLY. SO WE'RE SEEING A LOT OF MONEY LEAVING  SAFE HAVEN. 'S BRONZE METALS AND THERE 'S A LOT OF ITS GOING TO THE  STOCK MARKET NOW I WOULD SUGGEST THAT YOU WANT TO HAVE ABOUT FIVE  TO SEVEN PERCENT OF YOUR RISK DOLLARS IN COMMODITIES BECAUSE WE'RE  SITTING HERE A MULTI YEAR LOWS WITH SOME EXCELLENT OPPORTUNITIES  GOING FORWARD YEAH YOU START TALKING ABOUT THE STOCK MARKET. THE  QUESTION IS HOW LONG CAN THAT RUN CONTINUE AND THEN IF IT DOES START  TO PULL BACK IT ALL OR SLOW DOWN WE COULD SEE SOME OF THAT MONEY  MOVING BACK TO COMMODITIES AND THAT 'S CORRECT SO YOU KNOW THAT  WOULD BE A LITTLE BIT OF CONTRACTION AND A REDUCTION OF THE PRICE OF  THE DOLLAR WHICH HELPS COMMODITIES GOING AHEAD. BUT THERE 'S A LOT OF  VALUE IN SOME OF THESE IN VALUE RANGE COMMODITIES THAT DIVERSIFYING  OUT TO YOUR RISK PARAMETERS THERE'S SOME GOOD INVESTMENT  OPPORTUNITIES IN COMMODITIES THAT YOU MAY NOT HEAR A LOT ABOUT  BECAUSE THE DISTASTED OF WELL YEAH WE HAVE TALKED A LOT ABOUT THE THE  CRAZY BOUNCE THAT WE'VE SEEN SINCE THE ELECTION SO WE'LL KEEP AN EYE  ON IT AND SEE HOW IT GOES VOLATILITY IS GOOD FROM AN INVESTMENT  STANDPOINT IT MEANS THERE 'S INTEREST AND THAT'S WHAT WE'RE STARTING TO  GET IN COMMODITIES ALRIGHT APPRECIATE DOUG GOOD ADVICE WE'LL BE BACK  WITH MORE AGDAY FOR A FREE TWO WEEK TRIAL TO JIM'S DAILY GLOBAL MARKET LETTER CALL  BOWER TRADING TOLL FREE AT 1-800-533-8045.  

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM BAYER. WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN. MIKE. IF WE LOOK AT THE WEATHER MAP HERE THOSE STORMS JUST CONTINUE TO MARCH EAST. THEY REALLY DO. THE BIG ONE IS IN THE GREAT LAKE, OHIO VALLEY, MAINLY PLAIN OLE RAIN.  BUT THE ONE OUT WEST IS NOW COMING IN AS WELL AND IN BETWEEN THE TWO WE HAVE A BIG DOME OF HIGH PRESSURE BUT THIS IS NOT ARCTIC AIR AT ALL. ALL THIS CAME OFF THE PACIFIC OCEAN SO WE'RE NOT TALKING REAL COLD CONDITIONS THIS WEEK ACROSS THE NORTHERN PLAINS LIKE IT WAS LAST WEEK. THERE'S A STORM SYSTEM ITSELF AS YOU'LL NOTICE IT WILL CONTINUE TO MOVE PRETTY QUICKLY EASTWARD NOW. IT WAS KINDA SLOW MOVING THROUGH THE PLAIN STATES. IT IS NOT PICKING UP SPEED. THERE WILL BE A LITTLE BIT OF SNOW AND ICE ON THE NORTHERN FRINGES OF THIS BUT MOST OF THIS IS GOING TO BE IN THE LIQUID VARIETY OF JUST PLAIN OLE RAIN AND SHOWERS AND THUNDERSHOWERS ALL THE WAY BACK INTO THE EASTERN TENNESSEE VALLEY. BACK INTO TEXAS. NEXT STORM SYSTEM LOT OF THIS FIRST PART, FIRST PIECE OF ENERGY, ANYWAY IS GOING TOWARD THE NORTH EAST A SECONDARY STORM THEN STARTS TO FORM ALONG THE SOUTHERN END OF THAT COLD FRONT. AND THAT WILL COME EASTWARD. AS WE HEAD INTO THE DAY TOMORROW SPREADING SOME MORE RAIN AND MOUNTAIN SNOWS INTO THE NORTHERN PORTIONS OF CALIFORNIA.   OUR COMPUTER MODELS ARE SHOWING SOME PRETTY GOOD SHOWERS AND THUNDERSTORMS SOUTHEAST EASTERN TEXAS OVER THE NEXT OH THIRTY SIX HOURS OR SO. WE'LL SHOW YOU RAIN AMOUNTS COMING UP THAT 'S ALL BECAUSE OF THE STALLED OUT FRONT, KINDA SITS THERE OVER PARTS OF DIXIE AS YOU CAN SEE NOW TAKE A LOOK AT PRECIPITATION ESTIMATES OVER THE PAST TWENTY FOUR HOURS, SOME DECENT AMOUNTS FROM TEXAS ALL THE WAY INTO PARTS OF THE GREAT LAKES, ADDING IN THE NEXT THIRTY SIX HOURS WE'LL ADD SOME BIG TIME AMOUNTS ACCORDING TO OUR COMPUTER MODEL IN SOUTHEAST TEXAS INTO PARTS OF NORTHERN LOUISIANA AND SOUTHERN ARKANSAS. THEN YOU CAN ALSO SEE SOME VERY HEAVY AMOUNTS FROM A NORTHWEST CALIFORNIA AND ALL THE WAY UP THE SHORELINE. WESTERN WASHINGTON WESTERN OREGON AS WELL. SNOWFALL EST LAST MUCH PAST TWENTY FOUR HOURS IT 'S BEEN ON THE NORTHWEST FRINGE OF THAT STORM SYSTEM. ADDING IN THE NEXT THIRTY SIX WE'RE GONNA ADD  SOME DECENT AMOUNTS ON THE NORTHERN FRINGE THERE IN NEW ENGLAND. AND WILL START TO ADD SOME MORE SNOW AMOUNTS TO THE HIGHER ELEVATIONS OF THE WESTERN ROCKIES LIKE THEY NEED ANY MORE AT THIS POINT. TAKING A LOOK AT THE HIGH TEMPS A LOT MILDER BUT STILL RATHER COLD ACROSS NORTHERN PLAINS TODAY. STILL SEVENTIES IN THE FAR SOUTHEAST. LOW TEMPERATURES TONIGHT GOING TO DROP OFF INTO THE TWENTIES ONLY THE TWENTIES THOSE ARE MILD TEMPERATURES FOR THIS TIME OF YEAR FOR THE NORTHERN PLAIN. SIXTIES IN THE SOUTHEAST. AND YOU CAN SEE IT STAYS MILD IN THAT PART OF THE COUNTRY. THE SOUTHEASTERN SECTIONS IT STAYS COOL TO CHILLY ACROSS THE MIDDLE PORTIONS OF THE REST OF THE COUNTRY. THERE'S THE JET STREAM. YOU CAN SEE THAT CUT OFF IN THE SOUTHWEST THAT KIND OF MOVES EAST REMAINS A CUTOFF FOR A WHILE AND WE HAVE ANOTHER LINK AND OF FORMING OUR COMPUTER MODEL. THERE IS WE HAD INTO THIS WEEKEND FOR THE OHIO VALLEY AND THE GREAT LAKES. COLDER AIR STARTS TO COME IN OUT WEST THAT 'S A LOOK ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS WENT TO FRESNO CALIFORNIA FIRST DAUGHTERS OF OUR OTHERWISE CLOUDY AND MILD HIGH JUMP FOR A FIFTY FIVE, GREENVILLE MISSISSIPPI. PERIODS OF RAIN MAYBE EVEN A THUNDERSTORM COULD BE FLOODING HIGH OF SIXTY THREE. AND HOUGHTON MAINE A GOOD DEAL OF SUNSHINE AND COLD. HIGH AROUND TWENTY TWO.

TEASE
WHEN WE COME BACK WE'LL TALK DAIRY AND THE MOVEMENT IN WASHINGTON  TO TAKE ON WHAT THE INDUSTRY CALLS MILK IMPOSTERS. WE VISIT A TEXAS COMPANY WHERE WORKERS PUT THEIR HEART AND SOLE INTO  EVERY BOOT THEY MAKE.

DAIRY REPORT
IN THE DAIRY REPORT, FROM WASHINGTON, ..NEW LEGISLATION INTRODUCED IN  THE SENATE WOULD ENFORCE THE PROPER LABELING OF IMITATION DAIRY  PRODUCTS. DAIRY GROUPS ARE CHEERING THE MOVE...SAYING THAT PROPER STEPS NEED  TO BE TAKEN TO DEFEND THE INTEGRITY OF FEDERAL FOOD LABELING  STANDARDS, PREVENTING MISBRANDING OF WHAT THEY CALL "DAIRY IMITATORS."  NATIONAL MILK PRODUCERS PRESIDENT JIM MULHERN SAYS FEDERAL LAW SAYS  MILK COMES FROM ANIMALS AND NOT VEGETABLES OR NUTS. FARM GROUPS ARE ALSO REACHING OUT TO THE PRESIDENT ELECT ASKING THE  TRUMP TEAM TO TAKE ON CANADA'S DAIRY POLICIES. IN A LETTER THEY SAY CANADA IS BLOCKING IMPORTS FROM THE U.S. -- CALLING  IT A DIRECT VIOLATION OF IT'S TRADE COMMITMENTS UNDER NAFTA AND WTO. U.S. DAIRY SUPPLIERS SAY THEY'RE LOSING BUSINESS, REVENUES AND JOBS. THE LETTER SAYS THE IMPACT IS ALREADY ESTIMATED AT 150 MILLION DOLLARS  WORTH OF ULTRA FILTERED MILK EXPORTS FROM WISCONSIN AND NEW  YORK...AND FORCING THINKGS LIKE SKIM MILK POWDER INTO OTHER MARKETS. MEANWHILE, IN SPITE OF SOME TRADE HEADWINDS, 2017 IS OFF TO A BETTER  START FOR CLASS 3 PRICES. CURRENT USDA ESTIMATES -- IF THEY HOLD-- WOULD PUT AVERAGE MILK PRICES  NEARLY 2 DOLLARS HIGHER THAN LAST YEAR. MARGINS ARE ALSO TRACK TO IMPROVE. ACCORDING TO OUR PARTNERS AT MILK CURRENT THREATS TO 2017 MILK PRICES  INCLUDE, WEATHER AND RISING FEEDING COSTS. A SIGNIFICANT DROP IN EXPORTS AND CONTINUED RECORD PRODUCTION HERE  AT HOME. ANALYSTS SAY THAT'S POSSIBLE GIVEN THE IMPROVED WEATHER IN  CALIFORNIA--AS OUTPUT IS EXPECTED TO INCREASE IN 2017.

TEASE
AND WE MEET A BOOTMAKER WHO SHOWS US THE ARTISTIC SIDE OF LEATHER,  STITCHING AND SOLE....AS WE HEAD IN THE COUNTRY TO TEXAS. AGDAY - SPONSORED BY THE ENLIST WEED CONTROL SYSTEM FROM DOW AGROSCIENCES - COMBINING THE PROVEN CONTROL OF A NEW 2-4-D AND GLYPHOSATE. TAKE CONTROL OF TOUGH WEEDS  LIKE NEVER BEFORE.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT  TRACTORS - AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY.   LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER.  THE SOUL OF A COWBOY CAN OFTEN BE FOUND IN THE SOLE OF HIS FOOT-WEAR.  COWBOY BOOTS ARE AN ICONIC PART OF TEXAS. A FEW BOOTMAKERS STILL  HAND CRAFT THE FAMED FOOTWEAR. ED WOLFF WITH THE TEXAS FARM BUREAU  VISITED ONE WITH A HISTORY ALMOST AS OLD AS THE LONE STAR STATE.     NOTHING SAYS TEXAS QUITE LIKE A GOOD PAIR OF COWBOY BOOTS. JUST ABOUT EVERY TEXAN HAS A  PAIR. THEY MAY WEAR THEM EVERY DAY OR A FEW TIMES A YEAR. IT'S A TRUE TEXAS TRADITION. THE  CRAFTSMEN AT RIOS OF MERCEDES HAVE BEEN MAKING THE ICONIC FOOTWEAR FOR OVER A CENTURY AND  A HALF. "THE RIOS FAMILY STARTED MAKING BOOTS IN MEXICO IN 1853. AT THAT POINT WE KNOW THEY HAD A  CONTRACT WITH THE MEXICAN GOVERNMENT. BY THE 1900 THEY HAD A FAIRLY LARGE FACTORY IN  MATAMOROS ACROSS THE BORDER. WHEN THE BOARDER WARS STARTED THEY SEEMED TO HAVE MOVED  TO TEXAS IN 1910 OR 1915 SOMETHING LIKE THAT." THE RIOS FAMILY SETTLED UP AND DOWN THE RIO GRANDE RIVER, ESPECIALLY IN THE RIO GRANDE  VALLEY. THEY BROUGHT WITH THEM A FAMILY TRADITION OF MAKING QUALITY HANDMADE BOOTS. THEY  SET UP SHOP…AND THE REST IS HISTORY. THE LAST OF THE RIOS FAMILY, ZEFERINO RIOS, RETIRED IN THE  1960S PASSING ON THE BUSINESS TO A GROUP OF WEST TEXANS INCLUDING JOE & TRAINER EVANS.  WHO CARRIED ON THE BOOT MAKING LEGACY. "THERE'S REALLY NO SECRET TO MAKING GOOD BOOTS. YOU JUST USE THE BEST MATERIAL YOU CAN BUY.  HIRE THE BEST PEOPLE THAT YOU CAN FIND. AND PUT THEM TOGETHER IN THE RIGHT WAY WITH PROPER  SUPERVISION AND THEY'LL LAST LONGER THAN WHAT WE WOULD CALL A THROWAWAY BOOTS." PAT AND THE CRAFTSMAN THAT WORK WITH HIM TAKE BOOT MAKING SERIOUSLY.  EVERY STITCH, EVERY  INLAY, EVERY SOLE IS CRAFTED WITH AN ARTIST'S TOUCH. FROM THE PULL STRAPS TO THE TOE BOX, EVERY  BOOT IS A LABOR OF LOVE. LOVE FOR THE FOLKS WHO WILL WEAR THEIR CREATION AND THE HISTORY IT  REPRESENTS. "COWBOY BOOTS AND BLUE JEANS AND COWBOY HATS ARE ABOUT THE ONLY THINGS THAT ARE  INDIGENOUSLY AMERICAN. COWBOY BOOTS WERE STARTED DURING THE CATTLE DRIVE DAYS AS A  COMBINATION OF THE BOOTS THAT THE SOLDIERS BROUGHT HOME FROM THE CIVIL WAR WHICH WERE A LOW  HEAL, WIDE TOED BOOT WITH A TALL TOP. THEY CONVERTED THEM INTO COWBOY BOOTS BY PUTTING A  HIGH HEAL ON THEM. THEY WERE RIDING BRONCS IN THOSE DAYS AND THEY HAD TO BE REALLY CAREFUL  THAT THEIR FOOT DIDN'T SLIP THROUGH THE STIRRUP IF THEY GOT THROWN." RIOS OF MERCEDES STILL MAKES THOSE ORIGINAL STYLE COWBOY BOOTS PLUS MANY OTHER TRADITIONAL  AND MODERN VARIETIES. AND THEY STILL MAKE THEM BY HAND. A BOOT FROM RIOS IS AN ALL LEATHER  BOOT; THE FOUNDATIONAL LEATHER BEING COWHIDE, THE REST COULD BE ANYTHING FROM ALLIGATOR…TO  WILDEBEEST…EVEN ELEPHANT AND MUCH MORE. FROM THE FIRST CUT OF LEATHER, IT NORMALLY TAKES  ABOUT TWO WEEKS TO FINISH A PAIR. A BOOT MADE BY THESE BOOT MAKERS IS MORE THAN JUST  FOOTWEAR. THEY'RE A STATEMENT ABOUT THE PERSON WEARING THEM AND WHERE THEY'RE FROM.   "IN MY OPINION THERE'S NOTHING THAT SAYS, 'I'M FROM TEXAS' LIKE A PAIR OF COWBOY BOOTS." WITH  THE TEXAS FARM BUREAU, ED WOLFF, MERCEDES

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR TYNE MORGAN AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT  DAY. 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close