AgDay Daily Recap - January 18, 2017

January 18, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 18, 2017


HEADLINES
TODAY ON AGDAY - AG LEADERS IN TRANSISITION...DETAILS FROM WASHINGTON. PLUS, A DEEP DIVE INTO THE AG ECONOMY EXPECTATIONS FOR 2017. IN AGRIBUSINESS...WHAT COULD MOVE MARKETS...AND NEXT THING AFTER CONTRACTION IS EXPANSION. THE ORGANIC INDUSTRY MAY SOON HAVE IT'S OWN CHECK OFF PROGRAM. AND PRINTABLE FOOD. THESE UNIVERSITY RESEARCHERS THINK THIS COULD THE FUTURE OF CULINARY PERFECTION. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

SPECULATION ON AG SECRETARY
GOOD MORNING I'M CLINTON GRIFFITHS. AS WE TICK CLOSER TO FRIDAY'S PRESIDENTIAL INAUGURATION, NEW SPECULATION HAS RISEN ABOUT THE NEXT SECRETARY OF AGRICULTURE. THIS NEWS COME AS FORMER AG SECRETARY TOM VILSACK ANNOUNCES HIS NEXT CAREER MOVE. SEVERAL MEDIA OUTLETS ARE NOW REPORTING THAT FORMER GEORGIA  GOVERNOR SONNY PERDUE IS THE LIKELY CHOICE BY THE TRUMP TEAM TO  HEAD-UP USDA.  DURING LAST WEEK'S FARM BUREAU CONVENTION, WE TALKED ABOUT SONNY  PERDUE WITH AMERICAN FARM BUREAU PRESIDENT ZIPPY DUVAL, WHO - LIKE  PERDUE - IS FROM GEORGIA.

VILSACK’S NEW JOB
MEANWHILE, THE LONGEST SERVING CABINET MEMBER OF THE OBAMA TEAM HAS  A NEW JOB. TOM VILSACK IS THE NEW PRESIDENT AND CEO OF THE U.S. DAIRY EXPORT  COUNCIL. HE TAKES OVER ON FEBRUARY FIRST. IT'S A ROLE HE'S TAKING FROM TOM SUBER, WHO SERVED AS PRESIDENT SINCE  ITS FOUNDING IN 1995.  VILSACK SAYS HIS GOALS ARE TO SECURE ADDITIONAL ACCESS FOR OUR DAIRY  PRODUCTS OVERSEAS, INCREASE DEMAND AND FACILITATE SALES.  <"I THINK I CAN BE A GOOD SPOKESPERSON OR SALESMEN FOR THE INDUSTRY GLOBALLY. I THINK I CAN GO  ANY PLACE IN THE WORLD AND SELL THE AMERICAN BRAND AS SAFETY, STABILITY, ADEQUATE PRICE,  AFFORDABILITY, QUALITY AND INNOVATION."> VILSACK SAYS HE TOOK SOME TIME OFF  TO 'STUDY UP' SO HE CAN HIT THE  GROUND RUNNING AT HIS NEW JOB.  WHEN ASKED ON AGRITALK RADIO IF HIS SUCCESSOR AT USDA WILL HAVE A  DISADVANTAGE BEING NAMED SO LATE, VILSACK REPLIED THEY HAVE A LOT TO  LEARN AND HE WISHES THEM THE BEST.

BREXIT DELAY
MORE THAN SIX MONTHS AFTER BRITAIN VOTED TO LEAVE THE EUROPEAN UNION, BRITISH PRIME MINISTER THERESA MAY FINALLY SPELLED OUT WHAT IT MEANS: THE U-K WILL MAKE A CLEAN BREAK FROM THE E-U.  BUT IT LIKELY WON'T HAPPEN UNTIL 2019.MAY SAID TUESDAY THAT BRITAIN MUST REGAIN CONTROL OF ITS LAWS AND  BORDERS, EVEN AS SHE CALLED ON THE 27-NATION E-U TO NEGOTIATE A FREE- TRADE AGREEMENT WITH LONDON THAT WILL BENEFIT BOTH SIDES. < THERESA MAY, UK PRIME MINISTER: "AND BECAUSE WE WILL NO LONGER BE MEMBERS OF THE SINGLE MARKET WE WILL NOT BE REQUIRED TO  CONTRIBUTE HUGE SUMS TO THE EU BUDGET. THERE MAY BE SOME SPECIFIC EUROPEAN  PROGRAMMES WHICH WE MIGHT WANT TO PARTICIPATE. IF SO, AND THIS WILL BE FOR US TO DECIDE, IT'S  REASONABLE THAT WE SHOULD MAKE AN APPROPRIATE CONTRIBUTION. BUT THE PRINCIPLE IS CLEAR. THE  DAYS OF BRITAIN MAKING VAST CONTRIBUTIONS TO THE EUROPEAN UNION EVERY YEAR WILL END."> BRITAIN'S MARKET REACTED POSITIVELY AFTER PRIME MINISTER MAY'S SPEECH.  THE BRITISH POUND CLIMBED HIGHER, ERASING A WEEK'S WORTH OF LOSSES.  ON MONDAY, THE POUND WAS AT A 31 YEAR LOW, AGAINST THE U-S DOLLAR.

AG ECONOMY IN NEW YEAR
SO MUCH CHANGE HAS THE AG INDUSTRY SEARCHING FOR A CLEAR DIRECTION IN 2017. ALL THAT WHILE ADJUSTING CONTINUED PRICE PRESSURE LEFT OVER FROM RECORD OR NEAR RECORD PRODUCTION. TYNE MORGAN JOINS US AGAIN THIS MORNING WITH PART TWO OF HER LOOK AT THE AG ECONOMY IN THE NEW YEAR. THANKS, CLINTON. AS I REPORTED YESTERDAY ON AGDAY, THE FINANCIAL  SITUATION ON FARMS ACROSS THE COUNTRY IS NOT GREAT, BUT IT'S BETTER  THAN WHAT MANY ECONOMISTS EXPECTED. IT'S ALSO CATCHING THE FEDERAL FARM SERVICE AGENCY BY SURPRISE.  USDA'S LATEST FORCAST POINTS TO A THIRD STRAIGHT YEAR OF DECLINING NET  FARM INCOME FOR 2016.   WITH BOTH NET FARM INCOME AND NET CASH FARM  INCOME FALLING BELOW THE 10 YEAR AVERAGE. DESPITE ALL OF THE TALKS AROUND NEGATIVE MARGINS, USDA'S FARM SERVICE  AGENCY SAYS THEY AREN'T SEEING A FLOOD OF REQUESTS FOR FARM LOANS.  <ACTUALLY OUR ACTIVITY AND DEMAND AS IT STANDS TODAY IS DOWN SLIGHTLY COMPARED TO THE SAME  TIME LAST YEAR. THAT'S NOT WHAT WE HAD ANTICIPATED AND CERTAINTLY NOT WHAT WE'RE HEARING TO BE  EXPECTED FOR HTE SEASON FROM THE COUNTRYSIDE> RADINTZ SAYS LOAN NEEDS MAY JUST BE BEHIND AS FARMERS WORK ON  RECORD KEEPING AND ACCOUTING FOLLOWING A LATE HARVEST.  EVEN THOUGH OUR DEMAND IS DOWN SLIGHTLY OVER LAST YEAR, IT WAS BROAK ALL THE RECORDS. SO THE  FACT WE'RE JUST SLIGHTLY OFF THAT, IT STILL POINTS THAT DEMAND AND NEED IS EXTREMELY HIGH> IN 2016, THE AGENCY RAN OUT OF MONEY FOR OPERATING LOAN PROGRAMS,  IMPACTING EVERYTHING FROM CREDIT FOR SPRING PLANTING AND BUYING FARM  EQUIPMENT, TO PURCHASING LIVESTOCK.  FUNDING IS DEPENDANT UPON ANNUAL APPROPRTIATION THROUGH CONGRESS,  NOT THROUGH THE FARM BILL. AND HE HOPES THE SITUATION ISN'T REPEATED  THIS YEAR. .  MORE THAN JUST LOAN DEMAND, FSA ISN'T SEEING A MAJOR SPIKE IN LOAN  DELINQUENCY RATES  <OUR DELINQUENCY RATES HAVE BEEN NOT AT HISTORIC LOWS, BUT IN THAT RANGE> <I THINK EVERYONE EXPECTED IT TO BE WORSE THAN IT IS. THERE WAS AN UPTICK IN BOTH THE FARM  CREDIT SYSTEM AS WELL AS THE AG BANKERS DELINQUENCY NUMBERS, BUT IT'S VERY SMALL COMPARED  TO WHAT WE'VE SEEN IN PRIOR ECONOMIC DOWNTURNS> <WE DID HAVE SOME DISTRESSED CREDIT IN OUR PORTFOLIO, BUT DIDN'T AHVE AN UPTICK AS MUCH AS  WE THOUGHT IT WOULD THIS SEASON,WHICH IS GREAT, BUT WE DO KNOW THAT'S GOING TO CONTINUE, OR  WE HAVE PROJECTSION THAT IT'S GOING TO CONTINUE FOR THE NEXT COUPLE YEARS> A STRONGER FARM ECONOMY THAN ANTICIPATED TO START 2017, BUT NOT  EVERY FARMER PREVAILED, AND EXPERTS SAY THE BALANCE SHEETS NEED  ATTENTION.  <IF I LOOK AT ONE SINGLE THING, $400 CASH RENT PER ACRE IIN CERTAIN PARTS OF OUR TERRTITORY DOES  NOT MAKE ECONOMICAL SENSE.> AND WHILE SHORT PRICE RALLIES AND HIGHER YIELDS HELPED MANY FARMRS  <WE'RE PROBABLY NOT GOING TO SEE A DROP IN OIL PRICES. SO SOME OF THE BENEFITS WE SAW IN 16,  IN TERMS OF LOWER FUEL COSTS AND LOWER FERTILIZER COSTS, WE'RE NOT LIKELY TO SEE THOSE AGAIN, 16  IS KIDN OF A ONE SHOT DEAL > ANOTHER FACTOR THAT COULD EAT INTO BUDGETS MOVING FORWARD IS  ADDITIONAL INTERST RATE HIKES. CHARLIE MCCONNELL OF FARM CREDIT OF  WESTERN ARKANSAS SAYS MANY YOUNG PRODUCERS AREN'T ACCUSTOMED TO  SEEING HIGHER RATES... A REALITY THAT WORRIES HIM.  <THE ADVICE WOULD BE TO REALLY HASH OUT THE INPUTS SIDE, SO YOU KNOW WHERE YOU ARE WITH YOUR FIXED COSTS, AND THEN ALSO I THINK INTEREST SHOULD BE A COMPONENT OF THAT AS WELL. ONE THING A YOUNG PRODUCER CAN DO IS TRY TO FIND A LENDER THAT OFFERS FIXED RATES> BUT IT'S NOT DOOM AND GLOOM, AS SOME ECONOMISTS SAY THEY WON'T BE  SURPRISED IF 2017 TURNS OUT BETTER THAT WHAT MANY EXPECT TODAY. BUT YOU ALWAYS PREPARE FOR THE WORST AND HOPE FOR THE BEST. > AND WHILE LENDERS ARE PREPARED FOR TOUGH CONVERSATIONS AS LENDING  SEASON GETS INTO FULL SWING, BANKERS LIKE HOSKINS ARE STILL BULLISH  OVERALL. <I THINK IT'S A GOOD TIME TO TAKE STOCK OF HOW EFFECTIVELY ARE WE MANAGING THE RISK AS IT  RELATES TO AGRIUDLTURE. HOW EFFECTIVELY ARE WE LOOKING AT OUR LIVING EXPENES, AND LOOKIGN AT  WAYS TO FIND THAT WE CAN WORK WITH PRODUERS TO HELP THEM NAVIGATE THE TIMES THAT WE'RE  DEALING WITH> FSA ALSO TOLD ME THAT LAST YEAR, MANY OFFICES SAW AN INFLUX OF  APPLICANTS DURNG THE SPRING, CREATING LONGER WAIT TIMES.  SO, THEY  ENCOURAGE ANYONE PLANNING ON APPLYING FOR AN F-S-A LOAN TO DO SO  EARLY. CLINTON. 

CROP COMMENTS
MIKE HOFFMAN JOINING US NOW WITH TODAY'S CROP COMMENTS INCLUDING AN  AN UPDATE ON RECENT ICY WEATHER. GOOD MORNING, CLINTON.  MATT BRAUN OF DENNISON, MINNESOTA SENT US THIS PHOTO OF THE 'TUNDRA.'  HE SAYS IT'S ACTUALLY WARM FOR JANUARY. RAIN IN THE BEGINNING OF THE  WEEK IS NOW TURNING TO SNOW.  AND WE HAVE SOME UPDATED PHOTOS FROM BURT COUNTY, NEBRASKA.  MATT NELSON SAYS ICE IS STILL COVERING THE GROUND.  SCHOOLS IN THE AREA ARE CANCELLED OR STARTING LATE. THE RAIN GAUGE READ OVER 7 INCHES OF RAIN AT THE BEGINNING OF THE  WEEK. AND TAKING A LOOK AT THE WEATHER MAP THAT SYSTEM IS NOW MOVING  THROUGH NEW ENGLAND ANOTHER ONE DEVELOPING OVER TEXAS AND WE HVE  A THIRD ONE COMING INTO THE WEST COAST WE'LL SHOW WHERE THOSE ARE  MOVING NEXT COMING UP WITH MY FORECAST BUT FIRST HERE ARE SOME  HOMETOWN TEMPS

TEASE
WHAT SCENARIOS COULD BRING BETTER PRICES TO GRAIN MARKETS? WE'LL  TAKE A LOOK COMING UP NEXT. AND LATER THESE STUDENTS SAY THEY'RE BUILDING THE FUTURE OF FOOD.  HOW DOES PROTEIN FROM A PRINTER SOUND? THAT STORY TODAY ON IN THE  COUNTRY. AGDAY - BROUGHT TO YOU BY RESICORE HERBICIDE FOR CORN.  A UNIQUELY PWERFUL FORMULATION.   EXTRAORDINARY POWER OVER WEEDS.  )

FLOOR OF THE CME
IN AGRIBUSINESS FOLLOWING MONDAY'S HOLIDAY LETS SEE  WHERE MARKETS  PICKED UP TUESDAY FROM THE FLOOR OF THE CME IN CHICAGO. GRAIN MARKETS HERE IN CHICAGO WERE MOSTLY HIGHER ON TUESDAY. WE HAD  A SHARPLY HIGHER TRADE IN THE SOYBEAN MARKET, LED BY OLD CROP  CONTRACTS. USDA GAVE US A FRIENDLY REPORT LAST WEEK. THEY TOLD US THE  2016 SOYBEAN CROP WAS A LITTLE SMALLER THAN WE EXPECTED AND WAS  REDUCED FROM THEIR PREVIOUS ESTIMATE. A LOT OF TRADERS LOOKED FOR AN  INCREASE IN THE CROP ESTIMATE FROM LAST YEAR. THAT WAS THE CATALYST.  WE ALSO HAVE SOME WEATHER ISSUES IN ARGENTINA. SOME VERY WET AREAS,  SOME FLOODING. I THINK WE HAVE SOME ACREAGE AND PRODUCTION CUTS  FOURTHCOMING FROM SOME AREAS IN ARGENTINASO THAT'S HELPED TO DRIVE  THE RALLY.  ONE THING I'M SEEING FROM THIS SOYBEAN MARKET THAT'S  DIFFERENT FROM THE CORN OR WHEAT MARKET IS FARMER OWNERSHIP. THAT'S  FARMER OWNERSHIP OF OLD CROP SOYBEANS ESPECIALLY IS LACKING RIGHT  NOW. I THINK A LOT OF FARMERS SOLD BEANS EARLY WITH LOWER PRICES.  THAT'S GIVEN THE BEAN MARKET THE FUEL FOR THE FUNDS TO BE LONG AND TO  RALLY IN A WAY THAT A LOT OF PEOPLE WHO TRACK THE FUNDAMENTALS REALLY  DIDN'T EXPECT.  AGAIN THIS IS JOE VACLAVIK STANDARD GRAIN FROM THE FLOOR OF THE CME  GROUP. 

AGRIBUSINESS
BRAD MATTHEWS ROACH AG MARKETING OUR GUEST HERE TODAY AT THE AGRIBUSINESS DESK BRAD LET 'S  TALK ABOUT TWENTY SEVENTEEN AS WE TRY TO STEP BACK AND GET OUR ARMS AROUND WHAT TO EXPECT  THIS YEAR OF COURSE WE DON'T HAVE A CRYSTAL BALL. WE DON'T KNOW WHAT 'S GONNA HAPPEN. BUT  ARE THERE ANY SIGNS OR INDICATORS OUT THERE OF DIRECTION THAT MAYBE WE COULD START TRAVELING  WELL IF YOU LOOK AT THE SEASONALS WE'RE SUPPOSED TO START GOING UP GOING IN THE SPRING THE  CORNS HAS BEEN TRADING IN A CONTRACTION PHASE FOR MONTHS AND NEXT THING AFTER CONTRACTIONS  EXPANSION SO I DO THINK CORN EXPAND BUT MUCH ABOVE FOUR, FOUR AND A QUARTER GOING TO KIND  OF DIFFICULT. IF WE STILL HAVE A PRETTY GOOD CROP. BUT WHAT WE ARE DOING THIS YEAR IS AS OF RIGHT  NOW US A BASELINE PROJECTION SAYS FOUR AND A HALF MILLION LESS CORN ACRES RIGHT AND IF I TAKE IT  MY WAY I TAKE NINETY TWO PERCENT OF THAT. SO LIKE FOUR POINT ONE ONE FOR ACRES THAT CAN BE  HARVESTED IF I TAKE SOME EARLY ON  1 SIXTY EIGHT 'S SAY YOU START WITH YIELD THAT 'S JUST SHY OF  SEVEN HUNDRED MILLION BUSHELS OF QUICKLY OFF PRODUCTION. NOW IF WE HAVE THE 1 SIXTY EIGHT. IT'S  GOING TO BE TOUGH TO STAY MUCH ABOVE FOUR AND A QUARTER BUT YOU START TALKING TYPE OF A  WEATHER PROBLEM NOW AND START TAKING THAT YEILD DOWN IN VERY QUICKLY YOU CAN CREATE A BULL  MARKET BUT IT NEEDS TO BE MORE THAN JUST ACRES. OK WHAT ABOUT ON THE SOYBEAN SIDE BECAUSE  WE'VE ALREADY HEARD LOTS OF TALK ABOUT PRICES HIGHER OR PRICES LOWER GOING INTO TWENTY  SEVENTEEN WERE DO YOU STAND. I THINK PRICES HAVE TO STAY AN ELEVATED LEVEL FOR RIGHT NOW TO  GUARANTEE THE ACRES IT DEPENDS ON HOW MANY ACRES WE PLANT IS IT GONNA BE ONE AND A HALF TO  TWO MILLION MORE LAST YEAR OR THAT THIS NUMBER THAT SOME PEOPLE SAY IN THIS FIVE MILLION IT 'S  TOUGH TO SAY WE WERE ALL THESE ACRES ARE GOING TO GO BUT I DO THINK BEAN 'S EASILY A SPOT TO  GO HIGHER IN TO MAY JUNE . THERE IS GOOD DEMAND UNDERNEATH THERE KEEP AN EYE ON THE  CURRENCY IS THE REAL STRONG CHINESE KEEP TRYING TO DEVALUE THEIR 'S WE'RE GOING TO STAY  SUPPORTIVE FOR A WHILE IF YOU PLANT FIVE MILLION MORE ACRES AND YOU HAVE A HUGE YIELD OLD CAN  YOU BE LOWER ABSOLUTELY YOU COULD GET A GOOD BREAK BUT IT 'S NOT HAPPENING ANY TIME SOON OK  SO DON'T GO OUT THERE AND SELL EVERYTHING YET DO NOT SELL EVERYTHING YET.ALRIGHT THANKS FOR  BEING HERE APPRECIATE IT WE WILL BE BACK MORE AGDAY IN JUST A MINUTE. THE NEXT GENERATION OF HEAVY DUTY ENGINE OILS ARE HERE.  INTRODUCING DELO 400 WITH  ISOSYN ADVANCED TECHNOLOGY.  THE NEW DELO 400 PRODUCT LINE IS BIGGER AND BETTER THAN  EVER.

WEATHER
WELCOME BACK TO AGDAY HERE WITH MIKE HOFFMAN. MIKE LOOKING ALONG  THE WEST COAST, ANOTHER SYSTEM MAKING ITS WAY OT SHORE. YEA, THIS ONE  WILL PUT DOWN A LOT OF RAIN AND MOUNTAIN SNOW JUST LIKE THE LAST ONES  HAVE. IT'LL CONTINUE TO MOVE EASTWARD.  OUT IN FRONT OF THAT SYSTEM  THOUGH IT WAS THE ONE MOVING OFF THE EAST COAST. THIS IS THE ICE STORM  THAT OCCURRED OVER THE MIDDLE OF THE COUNTRY. IT'S NOW RAIN AND SNOW  MOVING THRU NEW ENGLAND, AND A PRETTY WET SYSTEM DEVELOPING OVER  SOUTH TEXAS. IT'LL SLOWLY MOVE TOWARD THE NORTHEAST OVER THE NEXT 36  TO 48 HRS. AND LIKE WE SAID THAT WEST COAST SYSTEM. LET'S PUT THINGS  INTO MOTION. YOU CAN SEE HOW THE NORTHEASTERN ONE QUICKLY MOVES OFF  SHORE JUST SOME LINGERING SNOW SHOWERS BY LATER TODAY, RAINS  STARTING TO MOVE ACROSS LOUISIANA, MISSISSIPPI, AS WE HEAD THRU THIS  AFTERNOON AND LOOK AT ALL THIS RAIN AND MOUNTAIN SNOW COMING INTO  CENTRAL AND EVEN SOUTHERN CALIFORNIA OVER THE NEXT 24 HOURS.  ANOTHER BIG WEATHER MAKER FOR THE WEST COAST. IT'LL CUT DOWN ON THAT  DROUGHT EVEN MORE THAN WE'VE ALREADY SEEN OVER THE PAST MONTH. A  BIG TIME SNOW IN THE HIGHER ELEVATION AS WELL OF THE WESTERN ROCKIES.  AND YOU CAN SEE BY TOMORROW MORNING WE HAVE RAIN MOVING BACK INTO  MISSOURI, TENN VALLEY, AND THAT WILL CONTINUE TO PROGRESS TOWARD THE  NORTHEAST WITH SOME PRETTY DECENT THUNDERSTORMS DOWN INTO MISS  AND ALABAMA AS WE HEAD THRU THE AFTERNOON HORS. AND THAT WESTERN  SYSTEM WILL BE FOLLOW BY ANOTHER JUST OFF SHORE BY LATER IN THE DAY.  CHECKING OUT PRECIP ESTIMATES OVER THE PAST 24 HRS, MIDDLE OF THE  COUNTRY IS PRETTY DRY BUT YOU GET INTO TEXAS AND LOUISIANA, ALREADY  SOME DECENT AMOUNTS OF RAIN THERE. THE SYSTEM ENDING IN NEN ENGLAND HAS ALREADY PUT DOWN A HALF TO INCH OF MOISTURE IN SOME INSTANCES.  AND YOU CAN SEE THE WESTERN SYSTEM AS WE ADD IN THE NEXT 36 HRS, A LOT  OF MOISTURE PUT DOWN. THE DARK RED IS 3 INCHES PLUS. SOME AREAS WE'RE  TALKING 4-5 INCHES AGAIN. SO THAT'LL CAUSE SOME ISSUES BUT IT 'S STILL  GOOD NEWS IN THE LONGER RANGE FOR THE DROUGHT SITUATION OVER  CALIFORNIA. OF COURSE YOU DON'T NEED THE RAIN AT ALL OVER WASHINGTON AND OREGON. LOOK AT THESE HEAVIER AMOUNTS ARE MODEL IS SHOWING  DOWN FOR A EASTERN TEXAS AND PARTS OF LOUISIANAAS WELL. SOME PLACES  GETTING SIX INCHES OF MOISTURE. SNOWFALL THEN MAINLY NEW ENGLAND AND  THE NORTHERN ROCKIES. ADDING IN THE NEXT THIRTY SIX HOURS, WE GET A  LITTLE BIT MORE NEW ENGLAND. BUT BOY LOTS OF HEAVY SNOW ONCE AGAIN  FOR THE NORTHERN AND WESTERN PORTIONS OF THE ROCKY MOUNTAINS. HIGH  TEMPS TODAY MILDER, THIRTIES IN THE NORTHERN PLAINS. STILL MILD IN THE  SOUTHEAST WAS SEVENTIES AND 80S SHOWING UP. LOWS TONIGHT IT'LL STILL BE  MILD IN THE SOUTHEAST IN REALLY PRETTY MILD FOR THIS TIME OF THE YEAR  ACROSS THE NORTHERN PLAINS AS WELL AND MORE THE SAME TOMORROW.  NOTHING REAL COLD ANYWHERE IN THE LOWER FORTY EIGHT AT THE MOMENT  THAT'S BECAUSE THE JET STREAM IS GENERALLY MOVING FROM WEST TO EAST.  WE DO HAVE THIS CUT OFF THAT'S GONNA BE A VERY SLOW WEATHER MAKER  THERE. COLDER AIR STARTS TO COME IN OUT WEST A COUPLE OF TIMES AND YOU CAN KINDA SEE THAT. KINDA OF AN INTERESTING WEATHER PATTERN, LOTS  OF PRETTY BIG SYSTEMS TRYING TO MOVE FROM WEST TO EAST. THAT 'S A LOOK  ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS.  WE HEAD TO KALISPELL, MONTANA FIRST OF ALL CLOUDY PERIODS OF SNOW  HIGH TEMPERATURE OF THIRTY FIVE. LUFKIN TEXAS RAIN MUCH OF THE TIME AND  PROBABLY A THUNDERSTORM AS WELL HIGH SIXTY FIVE AND MACON GEORGIA CLOUDS ALONG WITH SOME SUNSHINE. THERE IS A CHANCE OF A SHOWER HIGH  OF SEVENTY SIX.

TEASE
A FALLING PESO IS IMPACTING FARMERS HERE AT HOME. WE'LL EXPLAIN COMING  UP ON THE PACKER TV. AND LATER, IS THIS THE FUTURE OF FOOD...DINNER FRESH OFF THE 3-D PRINTER? DETAILS STRAIGHT AHEAD.   AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY MARKET. 

PACKER TV
ON THE PACKER TV-- SINCE THE ELECTION OF DONALD TRUMP, THE MEXICAN  PESO HAS DROPPED IN VALUE DRAMATICALLY. TALK ABOUT JOBS COMING BACK TO THE U.S. AND RESTARTING TRADE  NEGOTIATIONS HAS LEFT PLENTY OF UNCERTAINTY...AND DOWNWARD PRESSURE  ON THE PROSPECTS OF THE MEXICAN ECONOMY.  AND WHILE THE LOWER VALUED PESO COULD HELP IMPORTERS FROM MEXICO-- IT'S ALSO ADDING STRESS TO U.S. FARMS.LOWER PRICED PRODUCE IS NOW SHIPPING ACROSS THE BORDER--AMERICAN  PRODUCT IS COMPARABLY MORE EXPENSIVE. HOWEVER LONGER TERM, MEXICAN FARMERS WILL LIKELY HAVE TO PAY MORE  FOR INPUTS FROM THE U.S. AND SHIPPING WILL COST MORE. EXPORTS TO MEXICO FROM THE U.S. WILL ALSO BE MORE EXPENSIVE. MEANWHILE IN THE ELEVENTH HOUR--THE OBAMA ADMINISTRATION AND THE  USDA IS ROLLING OUT A NEW PROPOSAL FOR NATIONWIDE RESEARCH AND  PROMOTION OF THE ORGANIC INDUSTRY. ORGANIC TRADE GROUPS ARE APPLAUDING THE MOVE. THE PROPOSAL PUBLISHED AFTER SECRETARY VILSACK LEFT HIS POST, WAS  AUTHORIZED IN THE 2014 FARM BILL. THE INDUSTRY FUNDED ORGANIC CHECK-OFF NOW STARTS A 60 DAY COMMENT  PERIOD. LIKE DAIRY OR BEEF, "ORGANIC" WOULD BE TREATED LIKE A SINGLE COMMODITY. THE ORGANIC TRADE ASSOCIATION SAYS IT ESTIMATES A CHECK OFF COULD  RAISE MORE THAN 30 MILLION DOLLARS A YEAR FOR RESEARCH, SERVICES,  EDUCATION AND PROMOTION.

TEASE
STILL TO COME- HOW DO BAKE A COOKIE? FORGET WHAT YOU'VE LEARNED. IT  COULD BE CHANGING. DETAILS NEXT. THE NEXT GENERATION OF HEAVY DUTY ENGINE OILS ARE HERE.  INTRODUCING DELO 400 WITH  ISOSYN ADVANCED TECHNOLOGY.  THE NEW DELO 400 PRODUCT LINE IS BIGGER AND BETTER THAN  EVER.

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.  ) COULD FOOD BE ABOUT TO GO DIGITAL? A TEAM OF ENGINEERS AT COLUMBIA  UNIVERSITY THINK SO.  THEY'RE WORKING WITH CHEFS TO CREATE A 3-D HOME  FOOD PRINTING MACHINE. AND BY DOING SO, THEY ARE CREATING A CULINARY  REVOLUTION.  THIS 3D PRINTER IS SIMULTANEOUSLY PRINTING AND COOKING A DELICATE MULTI- LAYERED TRIANGULAR COOKIE. IT LOOKS MORE LIKE A SCULPTURE THAN  SOMETHING DESIGNED TO BE EATEN.  IN ADDITION TO COOKIES, THE STUDENTS ALSO RUNS TESTS WITH EGG SALAD,  SALMON MOUSSE AND CHOCOLATE SOUFFLE - BASICALLY ANYTHING THAT CAN  BE PUT THROUGH A PRINTER NOZZLE.  THE CHALLENGE IS TO FIND THE RIGHT STRUCTURES AND SHAPES FOR EACH OF  THE FOOD ITEMS' CONSISTENCY. <HOD LIPSON, PROFESSOR OF ROBOTICS ENGINEERING AND DIRECTOR, CREATIVE MACHINE LAB AT THE  SCHOOL OF ENGINEERING AT COLUMBIA UNIVERSITY: "OUR KITCHEN, RIGHT NOW, IS THE LAST FRONTIER OF TECHNOLOGY. IF YOU THINK ABOUT IT, SOFTWARE HAS  ENTERED EVERY OTHER FIELD BUT IN THE KITCHEN WE STILL COOK LIKE CAVE MEN, WE COOK OVER AN  OPEN FLAME, WE USE VERY PRIMITIVE TOOLS. > THE RESEARCHERS STARTED THEIR WORK ABOUT A DECADE AGO BY PRINTING  CHOCOLATE. LIPSON SAYS AFTER PLAYING WITH THIS FOR A WHILE, THEY  REALIZED THAT THEIR WORK WAS LIKE HAVING AN I-PODS WITH NO MUSIC. SO  THEY STARTED DEVISING RECIPES TO PRINT.

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

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