AgDay Daily Recap - January 8, 2018

January 8, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 8, 2018

HEADLINES

AN HISTORIC DAY IN FARM COUNTRY AS PRESIDENT  DONALD TRUMP PREPARES TO SPEAK TO FARMERS AND  RANCHERS IN NASHVILLE.. <" I DON'T KNOW WHETHER IT WILL BE A CAMPAIGN LIKE SPEECH OR  MORE OF A POLICY SPEECH."> AGRICULTURE HOPING HE'S A STRAIGHT SHOOTER ON  TRADE.  AS LAND PRICES STABILIZE, SHOULD FARMERS USE  LAND AS COLLATERAL THIS YEAR? WE DONT' WANT TO GET INTO THAT PERFECT SOTRM WHERE LAND VALUES DROP AND ALL OF A SUDDEN INTEREST RATES RISE. IN AGRIBUSINESS, THERE COULD BE FIREWORKS IN THE  GRAIN MARKETS THIS WEEK.. <WHEN YOU LOOK AT HTE LACK OF EXPORTS THERE'S ABIG ISSUES POTENTIALLY COMING UP IF WE DONT' GET THIS GOING.  AND THE ARCTIC BLAST IS AS FAR REACHING AS THE  GULF - HUNDREDS OF SEA TURTLES ARE FEELING THE  IMPACTS.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

TRUMP TO ADDRESS FARM BUREAU CONVENTION
GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON  GRIFFITHS. IT'S AN HISTORIC DAY FOR FARMERS. FOR  THE FIRST TIME IN NEARLY 30 YEARS, A PRESIDENT IS  ADDRSSING FARMERS AND RANCHERS AT THE ANNUAL  AMERICAN FARM BUREAU CONVENTION IN NASHVILLE,  TENNESSEE.  BETSY JIBBEN IS HERE WITH MORE.  NOW, BETSY, WHILE IT'S UNCLEAR WHAT THE  PRESIDENT WILL SAY, TRUMP WILL NEED TO ADDRESS  HIS TOUGH STANCE ON TRADE.              

THAT'S RIGHT TYNE, I'VE TALKED TO A NUMBER OF INDUSTRY EXPERTS WHO  SAY JANUARY  WILL GIVE US A CLEARER PICTURE ON WHERE THE  PRESIDENT STANDS WITH TRADE AGREEMENTS.  AND  THAT CLARIFICATION MAY  BEGIN IN NASHVILLE.  WILL GIVE US A CLEARER PICTURE ON WHERE THE  PRESIDENT STANDS WITH TRADE AGREEMENTS.  AND  THAT CLARIFICATION MAY ALL BEGIN IN NASHVILLE.   <NATS MAYBE START WITH NATS IN THAT AP IN VIDEO> PRESIDENT TRUMP IS NO  STRANGER TO ADDRESSING  RURAL AMERICA.                 <THIS IS JUNE, OHIO CLIP: THE PROMISE OF A SAFE, RELIABLE, AND  MODERN INFRASTRUCTURE HASN'T BEEN KEPT BUT WE'RE GOING TO KEEP  IT."> BUT TODAY, HE WILL STAND IN FRONT OF FARMERS AND  RANCHERS FARM JOURNAL WASHINGTON CORRESPONDANT JIM  WIESEMEYER SAYS HTE PRESIDENT WILL BE IN HIS ELEMENT. LET'S FACE IT, 60 PERCENT OR MORE OF THE  RURAL SECTOR VOTES  REPUBLICAN, THEY JUST DO, THAT'S FACTS. AND THEY DEF VOTED FOR HIM  THI PAST ELECTION. 12"> HOWEVER, TRADE IS A GROWING CONCERN IN RURAL  AMERICA THIS YEAR.  A DEAL WITH SOUTH KOREA - CALLED KORUS IS THE  LATEST DEAL ANNOUNCED TO BE RENEGOTIATED.  THE NORTH AMERICAN FREE TRADE AGREEMENT WITH  CANADA AND MEXICO IS STILL BEING RENEGOTIATED AS  WELL.  AND SOME FARMERS DON'T WANT TO SEE A TRADE  DISRUPTION.. <"MY BIGGEST WORRY RIGHT NOW IS THE POLICIAL LANDSCAPE OF NAFTA,"> < IF THAT GETS MESSED UP, WE HAVEN'T SEEN ANYTHING YET FOR LOW  PRICES I DON'T THINK,"> <" I GIVE A LOT OF SPEECHES AS YOU KNOW AND I'M BEGINNING TO PICK  UP NOT JUST CONCERNS BUT ANGER IN THE FARM AND RANCHING  COMMUNITIES. THEY NEED TO SEE A MORE POSITIVE BLEND WITH  TRUMP'S TRADE POLICIES.'> WHILE IT'S UNCERTAIN WHAT THE PRESIDENT WILL  ADDRESS...  <" I DON'T KNOW WHETHER IT WILL BE A CAMPAIGN LIKE SPEECH OR  MORE OF A POLICY SPEECH."> INDUSTRY LEADERS ACROSS THE BOARD SAY IT'S  CRUCIAL FOR THE PRESIDENT TO CLARIFY AND  HIGHLIGHT HIS STANCE ON TRADE.  <" WHAT I HOPE HE TALKS ABOUT IS A PROACTIVE TRADE AGENDA TO HELP  U.S. FARMERS RANCHERS MAINTAIN AND EXPAND OPPORTUNTIES FOR  THEM TO SELL THEIR PRODUCTS IN FOREIGN MARKETS. 1:02 I THINK THERE'S  A LOT OF QUESTION OUT THERE RIGHT NOW ABOUT WHAT THE TRADE  SITUATION IS GOING TO LOOK LIKE FOR FARMERS AND I HOPE HE'S ABLE TO  ADDRESS THAT VERY CLEARLY"> VETTER - A FORMER US TRADE CHIEF AG NEGOTIATOR  UNDER THE OBAMA ADMINISTRATION - SAYS  UNCERANITY IS COSTLY FOR AG.  <"WHAT THE U.S. AND FOREIGN BUSINESS LEADERS AND FARMERS AND  RANCHERS NEED IS AN UNDERSTANDING OF WHAT PRICES AND WHAT  MARKETS WILL LOOK LIKE NOT JUST TODAY BUT TOMORROW AND 5 YEARS  FROM NOW SO THEY CAN FORGE RELATIONSHIPS AND MAKE GOOD  INVESTMENTS."> IN ADDITION TO AFBF'S CONVENTION, ANOTHER NAFTA  2.0 MEETING AND THE STATE OF THE UNION ON THE  PRESIDENT'S JANUARY CALENDAR - BOTH EXPERTS SAY  THIS IS A PIVOTAL MONTH FOR HT PRESIDENT WHEN IT  COMES TO OUTLINING HIS PRIORITIES ON TRADE.  THIS IS A MONTH WITH A LOT OF DECISIONS WHICH WILL  IMPACT THE TRADE AGENDA.  THANKS, BETSY. 

TRUMP AND TAX REFORM
THE TRUMP ADMINISTRATION COMING OFF A WIN WITH  ITS TAX OVERHAUL, AND THAT'S EXPECTED TO BE  ANOTHER TOPIC DURING HIS FARM BUREAU SPEECH  TODYA.   THE NEW LEGISLATION ADDRESSING SOME FARMER  CONCERNS, LIKE WITH THE ESTATE TAX. BUT IT ALSO INCLUDED A SECTION 199 CAP A  DEDUCTION..WHICH DEALS WITH FARMER SALES CO- OPS. IT INCLUDES A 20 PERCENT PASS THROUGH DEDUCTION  ON GROSS SALES, WHICH COULD MEAN 0 DOLLARS IN  TAXABLE INCOME FOR FARMERS WHO SELL GOODS TO  COOPS, THAT INCLUDES ALL PRODUCTS SUCH AS GRAIN  AND DAIRY.  BUT FARM CPA PAUL NEIFFER SAYS THERE ARE  STIPULATIONS, INCLUDIGN THAT FARMER MUST ME A  MEMBER OF THAT COOP TO QUALIFY. AND HE SAYS IT'S A LINE ITEM IN THE NEW TAX CODE  THAT'S GENERATING MIS INFORMATION WITHIN  AGRICULTURE.  <I DON'T KNWO IF IT'S COOPERATIVES OR WHOVER IT IS OUT THERE, THEY'RE  TELLING FARMES THIS IS THE EQUIVALENT OF A 20 OR 30 CENT PER BUSHEL  BENEFIT TO THE FARMER AND THE REALITY IS IN ORDER TO TO GET THIS  BENEFIT, THE FARMER HAS TO HAVE TAXABLE INCOME. AND UNDER THE  CODE, FARMERS THAT INVEST MONEHY IN EQUIPMENT AND SO ON LIKELY  ARE NOT GOING TO HAVE TAXABLE INCOME. SO THIS PERCEIVED 30 CENT  DEDUCTION OR BENEFIT IS ACTUALLY GOING TO BE 0 B/C THIS IS SORT OF A  USE IT OR LOSE IT. YOU CAN HAVE A 2 MILLION DOLLAR DEDUCTION FROM  SELLIGN ALL YOUR GRAINTO A COOPERATIVE, YOUR TAXABLE INCOME WAS  50 THOUSAND DOLLARS, YOU GET A 50 THOUDAND DOLLAR DEDUCTION  AND AFTER A MILLIONOR 950, IT  DISAPEARS AND JUST GOES OUT IN THE  ATMONSHPERE AND IS NEVER SEEN AGAIN. SO THERE IS SO MUCH  MISCOMMUNICION ON THIS THAT THIS IS SOMEHOW A HUGE EXTRA  DEDUCTION TO THE FARMERS, IT'S POTENTIALLY ABETTER REDUCTION BUT IT  COULD BE EXACTLY THE SAME BE THE SAME BENEFIT AS THE OTHER  DEDUCTION AND IF THEY DON'T HAVE TAXABLE INCOME, THERE'S NO  BENEFIT. > NEIFFER SAYS THE INDUSTRY IS STILL WAITING ON THE  IRS TO ISSUE REGULATIONS AROUND THIS PROVISION.  BUT THAT MAY NOT HAPPEN UNTIL THIS SUMMER. AND  HE SAYS IT WILL BE DEFINED IN A DOCUMENT THAT  COULD BE ANYWEHRE FROM 20 TO 100 PAGES IN  LENGTH. 

LAND AUCTIONS
THE FARM ECONOMY MAY BE SLUGGISH, BUT LAND  AUCTIONS STILL DRAWING IN IMPRESSIVE PRICES, WITH  A RECORD SALE IN ILLINOIS TO FINISH OUT THE YEAR.  ACCORDING TO LANDOWNER NEWSLETTER, A LAND  AUCTION IN WOODFORD COUNTY, ILLINOIS OF 77 ACRES  RAKED IN A RECORD PRICE OF 15 THOUSAND 850  DOLLARS PER ACRE.  SOY CAPITAL AG SERVICES HANDLED THE AUCTION AND  CALLED IT SPIRITED BIDDING ON THE 100 PERCENT  TILLABLE PARCEL OF LAND FROM LOCAL FARMERS. AS SOME LAND PRICES DRIFT HIGHER, IS IT WISE FOR  FARMERS TO USE LAND AS COLLATERAL WHEN  SECURING A FARM LOAN? AG LENDERS SAY IT  DEPENDS.  YOU KNOW THE BIGGEST THING IS HAVING THE APPROPRIATE LEVEL OF  DEBT ON THAT LAND AND NOT HAVING TOO MUCH ON THERE. TO WHERE  YOU GET IN A POSITION THE WORST PLACING IS WHERE YOU HAVE TO BE A  FORCE SELLER AND TRY TO AVOID THAT. SO MAKE SURE YOU DON'T HAVE  TOO MUCH DEBT ON YOUR LAND MAKE SURE YOU MAKE THE PAYMENTS  OR YOUR PAYMENTS ARE APPROPRIATE FOR YOUR COMPARABLE RENT LEVEL  OR WHERE RENTS SHOULD BE AND DON'T GET OVER LEVERAGED ON YOUR  REAL ESTATE EITHER. IT SEEMS LIKE IN OUR MARKET ABOUT A 50 PERCENT LOAN TO VALUE ON  FARMLAND RIGHT NOW IS ABOUT WHAT IT WILL CASH FLOW. THAT BEING  SAID AGAIN THE PRIMARY REASON IS TO SPREAD THOSE PAYMENTS OUT IF  WE DO HAVE SEVERAL YEARS OF PROBLEMS. WE DON'T WANT TO GET INTO  THAT PERFECT STORM WHERE LAND VALUES DROP AND ALL OF A SUDDEN  WE DON'T HAVE THAT EQUITY TO RELY ON. AT THE SAME TIME THE  INTEREST RATES START GOING UP WHICH WE KEEP HEARING. WE DON'T TRY  TO PREDICT BUT AS WE HEAR IF INTEREST RATES GO UP AND YOU DON'T  TAKE ADVANTAGE OF THE OPPORTUNITIES NOW THAT COULD CREATE KIND  OF ALMOST A DOUBLE WHAMMY DOWN THE ROAD FOR YOU. 0

CROP COMMENTS
THE EAST COAST SEEING HIGH WINDS AND NOW BURIED  IN SNOW WHILE THE UPPER PLAINS SAW TEMPS DIP  DOWN WAY BELOW ZERO.  BUT IN THE WEST, IT'S THE STORY OF A SLOW SNOW  SEASON THE CALIFORNIA DEPARTMENT OF WATER RESOURCES  CONDUCTING ITS FIRST SNOW SURVEY OF THE SEASON  IN THE SIERRA NEVADA MOUTNINS. OFFICIALS ONLY  MEASURING 4 TENTHS OF SNOW WATER EQUIVALENT, 3  PERCENT OF THE  THE AVERAGE THIS TIME OF YEAR OF  IS 11 POINT 3 INCHES AT THAT SPOT.  TEH DEPARTMENT SAYS IT'S TOO EARLY TO DETERMINE  WHAT THIS COULD MEAN FOR THE YEAR, AS CALIFORNIA  IS ONLY A THIRD OF THE WAY THORUGH THE STATE'S  THREE WETTEST MONTHS.  HOWEVER, THEY ARE CALLING IT A DISAPPOINTING  START COMPARED TO LAST YEAR'S ABOVE NORMAL  AMOUNTS.  IT'S THAT SNOWPACK THAT'S USED TO SUPPLY  AGRICULTURE'S IRRIGATION NEEDS.  MIKE HOFFMAN IS WITH US TO KICK OFF ANOTHER  WEEK. HE HAS A LOOK AT TODAY'S CROP COMMENTS.  GOOD MORNING, MIKE.  GOOD MORNING, TYNE.  HERE'S A PICTURE WHERE YOU CAN REALLY SEE THE  COLD OVER IN IROQUOIS, SOUTH DAKOTA.  JAY CULVER SNAPPED THIS WHEN IT WAS -35 DEGREES.  HE SAYS HE'S NOW FEEDING COWS ON STALKS WITH  SNOWCOVER. THEY'RE MAKING IT THROUGH THE COLD  ALL RIGHT. PETE KEMMEREN OVER IN CENTRAL NEW YORK  SENDING US THIS PICTURE FROM HIS CATTLE  OPERATION.  HE SAYS LAST WEEK HAD LOWS IN THE -15 RANGE. NOW  IT'S STARTING TO WARM UP IN THE AREA.  AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
STILL TO COME, AS USDA PREPARES TO RELEASE ITS  BIG JANUARY REPORT THIS WEEK, WHAT SHOULD YOU  EXPECT? THAT'S ANALYSIS.  PLUS, MACHINERY PETE CHECKS IN. AND DANGEROUS COLD TEMPERATURES ARE EVEN  HURTING ANIMALS IN THE OCEAN. WE EXPLAIN IN THE  COUNTRY

AGRIBUSINESS
ALL RIGHT WELCOME BACK. I MEAN STARTING OFF THIS WEEK THERE'S A LOT  TO WATCH WHEN IT COMES TO THE MARKETS. JANUARY USDA REPORT  TYPICALLY IS A BIG MARKET MOVER. STEVE LET'S START WITH YOU. WHAT  CAN WE POSSIBLY EXPECT. YOU KNOW I THINK THE BIGGER  EXPECTATIONS CORN WE'VE GOT A LOT OF IT. WE'RE GOING TO SEE CARRY  OUT NUMBERS EVEN IF THEY DO LOWER CARRY OUT NUMBERS. IT'S STILL A  BIG PILE BUT FOR BEANS MAY BE THE BIGGEST SURPRISE ON THIS REPORT.  EXPORT SALES BEING BEHIND AS THEY ARE THAT MAY HAVE A BIGGER  FLUCTUATION OF WHAT USDA DOES DO THEY BALLOON THIS CARRY OUT  NUMBER BECAUSE OF THE LACK OF SALES THAT WE'VE HAD HERE  RECENTLY. YES WE MEAN EXPORTS I MEAN THEY'VE JUST BEEN SO  DISAPPOINTING. AND SO YOU KNOW LET'S SAY WE EVEN SEE USDA  TRIM PRODUCTION A LITTLE BIT BUT WE SEE THEM ALSO TRIM THE DEMAND  SIDE. I MEAN WHAT IMPACT COULD THAT HAVE ON PRICE. I MEAN  SOYBEANS YOU KNOW 50 PERCENT OF WHAT YOU PRODUCE IS EXPORTED  GENERALLY. SO YOU KNOW WHEN YOU LOOK AT THE LACK OF EXPORTS  THERE'S BIG ISSUES POTENTIALLY COMING UP WE DON'T GET THIS GOING AND WE'RE PAST THE HALFWAY POINT OF THE MARKETING YEAR. WE  GENERALLY MOVE MORE SOYBEANS SO. BEANS. YOU KNOW I THINK TO  ME IT'S IMPORTANT TO SEE HOW THE MARKET REACTS. HEADING INTO THE  REPORT FOR BOTH CORN AND BEANS TO ME THE REACTION COMING INTO IT  MIGHT HELP ME DECIDE HOW YOU WANT TO PLAY THE TRADE AS WE GET  TO THE NUMBER. BUT GENERALLY A VERY VOLATILE RECORD. HOW CAN YOU  PREPARE FOR THAT VOLATILITY AS A PRODUCER YOU NEED TO BE MINDFUL  OF WHAT KIND OF CASH YOU STILL HAVE IN THE BIN. WHERE DO YOU  STAND WITH THAT. YOU CAN'T WITHSTAND ANOTHER PULLBACK IN THIS  MARKET WITHOUT DOING SOMETHING. IT MAY BE MORE SO AND BEANS. I  WOULD NOT BE SURPRISED TO SEE A FRIENDLY REPORT OUT OF CORN AND  MAYBE SEE A NEGATIVE. OK. OK. MOVING THE CATTLE YOU KNOW THE  END OF THE WEEK LAST WEEK WE DID NOT SEE POSITIVE TRADE IN THE  CATTLE MARKET WHAT IS GOING ON. WELL THE CASH MARKET I MEAN  WASN'T AS EXCITING AS WE WOULD LIKE TO SEEN IT NOW. YOU KNOW WE  HAD A BIG RIP AT THE BEGINNING OF THE WEEK ATTIRE. WE BASICALLY  GAVE THAT ALL BACK WITHIN THREE SESSIONS. NOT UNUSUAL FOR THE  CATTLE MARKET TO BE THAT VOLATILE BUT YOU KNOW MOVING INTO NEXT  WEEK. YOU KNOW I THINK WE NEED TO CONTINUE TO KEEP AN EYE ON  PRODUCT MOVEMENT. THAT'S KIND OF BEEN THE BACKBONE OF THIS AS  WELL AS YOU KNOW EXPORTS AND FOREIGN DEMAND. CHINA A SMALL  PERCENTAGE BUT THEY ARE STARTING TO BUY OUR BEEF AS WE SAW LAST  FALL SO DEMANDS DEMANDS CAN BE DIFFERENT. WE'RE GOING TO KEEP  GETTING GOING. ALL RIGHT. THANK YOU BOTH FOR BEING HERE. WE  APPRECIATE IT. WE NEED TO TAKE A QUICK BREAK BUT IT WAS SUCH A  WILD WEATHER WEEK LAST WEEK. WHAT CAN WE EXPECT THIS WEEK.  METEOROLOGIST MIKE HOFFMAN JOINS US NEXT. 0

WEATHER
ALL RIGHT WELCOME BACK. TIME NOW FOR A CHECK OF WEATHER. MIKE  AFTER THAT CRAZY WILD WEATHER WEEK WE HAD LAST WEEK I MEAN WE  HAD THAT WEATHER BOMB AND I'M NOT GOING TO GET YOU ON YOUR  SOAPBOX AGAIN ON THAT. THANK YOU. IT WAS A WILD WEEK. PLEASE  TELL ME THIS WEEK IS NOT GOING TO BE AS MUCH. WELL IT'S NOT GOING TO BE AS COLD IN THOSE EXTREME COLD AREAS IT'S JUST NOT GOING TO  BE. AND SO THAT'S THE BEST NEWS OF A SEA AND THE JET STREAM THIS  MORNING THAT WE DON'T HAVE THAT DEEP TROUGH ANYMORE IN THE  EAST WE HAVE A LITTLE BIT OF A TROUGH IN THE GREAT LAKES A LITTLE BIT  DOWN THROUGH THE SOUTHERN MISSISSIPPI VALLEY. STILL A RIDGE OUT  WEST. WHAT WE'RE TRYING TO SEE THAT TROUGH COMING INTO THE WEST  COAST AS WELL. SO LET'S PUT THE MAPS INTO MOTION SEE WHAT IT  LOOKS LIKE. YOU CAN SEE OUR OUR MODEL IS REALLY BRINGING IN A  PRETTY GOOD STORM SYSTEM THROUGH THE SOUTHWESTERN PORTIONS OF  THE COUNTRY THAT COULD BE YOUR FIRST MOISTURE IN TWO OR THREE  MONTHS SO THAT'S PROBABLY SOME VERY GOOD NEWS THERE. THAT  MEANS A BRIEF WARM UP IN THE EASTERN PORTIONS OF THE COUNTRY.  BUT THERE IS STILL VERY COLD AIR LURKING IN CANADA. AND ONCE WE  GET INTO THE SECOND PART OF THE WEEK WE SEE A LITTLE SHOT OF COLDER  AIR COMING UP ALONG THE BORDER. LITTLE BIT CHILLIER FARTHER SOUTH BUT  NOT TOO BAD YET. AND THEN AS WE HEAD INTO THE WEEKEND YOU CAN  SEE WE DEFINITELY DO DEVELOP A TROUGH AGAIN IN THE EAST. THE  RIDGE OUT WEST. THIS ISN'T EXCUSE ME NEARLY AS DEEP THOUGH AS  WE HAD SEEN. AND SO WE'RE NOT GOING TO SEE THE AIR NEARLY AS  COLD ONCE AGAIN. BUT THIS IS GOING TO BE ANOTHER COLD SHOT AS WE  HEAD THROUGH NEXT WEEKEND AND INTO THE EARLY PART OF THE  FOLLOWING WEEK. SO TEMPERATURES THIS WEEK. THIS IS MY FORECAST  FROM MISSOURI NORTHEAST KANSAS NORTHWARD BELOW NORMAL  TEMPERATURES JUST NOT NEARLY AS FAR BELOW NORMAL ABOVE NORMAL  FOR THE MID-ATLANTIC INTO THE SOUTHEAST AND ALSO ABOVE NORMAL FOR  THE FOUR CORNERS REGION. CALIFORNIA AND OREGON EVERYBODY ELSE  PRETTY CLOSE TO NORMAL PRECIPITATION FOR THE COMING WEEK  EXPECTED TO BE BELOW NORMAL THEN AND THAT COLDER AIR FROM THE  DAKOTAS EASTERN MONTANA MINNESOTA NORTHWARD BUT FROM  ARKANSAS ON UP THROUGH MAINE LOOKS LIKE ABOVE NORMAL AND ALSO  ABOVE NORMAL WITH THAT SYSTEM COMING INTO THE SOUTHWEST.  THAT'S FIRST TIME WE'VE SHOWN THAT IN QUITE SOME TIME. TAKE A  LOOK AT THE 30 DAY OUTLOOK FOR TEMPERATURES I'M GOING TO A BELOW  NORMAL FOR MOST AREAS IN THE EASTERN TWO THIRDS OF THE COUNTRY FOR  CORN IN A REGION CALIFORNIA ABOVE NORMAL TEMPERATURES AND 30  DAY OUTLOOK FOR PRECIPITATION FROM MISSISSIPPI AND ALABAMA UP  THROUGH THE GREAT LAKES ABOVE NORMAL BELOW NORMAL FOR IOWA  INTO THE NORTHERN PLAINS AND ALSO BELOW NORMAL FOR THE  SOUTHWESTERN PORTIONS OF THE COUNTRY. THAT'S A LOOK ACROSS THE  COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS FIRST OF ALL  FOR CASPER WYOMING. A GOOD DEAL OF SUNSHINE RATHER MILD HIGH  AROUND 40 DEGREES ROLLA MISSOURI VARIABLY CLOUDY AND A BIT  MILDER. HIGH UP TO 43 AND FINALLY ROCHESTER NEW YORK CLOUDY  WITH PERIODS OF SNOW. BUT THE HIGH 36. 0

TEASE
STILL TO COME, MACHINERY PETE CHECKS IN TO LOOK  AT SOME SOFT SPOTS IN THE EQUIPMENT MARKET,  THAT COULD END UP TURNING INTO GOOD DEALS FOR  THOSE LOOKING TO BUY.  AND  BONE CHILLING COLD IS A THREAT TO OUR FRIENDS AT  SEA.  WE'LL TELL YOU HOW ANIMAL LOVERS ARE STEPPING IN. 

MACHINERY PETE
MACHINERY PETE SAYS IT WAS A SURPRISINGLY  STRONG FINISH TO 2017 WHEN IT COMES TO EQUIPMENT  BUYS AND PRICES. BUT THERE ARE A COUPLE  EXCEPTIONS WITH SOFT SPOTS IN THE MARKET HERE'S MACHINERY PETE.  STAY TUNED FOLKS. COMING UP WE'RE GOING TO TALK TO USE PLANTERS  AND A CHANGE I SAW ON THE MARKET IN DECEMBER. TWO SOFT SPOTS IN THE USED EQUIPMENT MARKET END OF 2017. I  THOUGHT WERE LARGE TILLAGE AND PLANTERS. NOW WITH PLANTERS KIND  OF WHAT THE DEAL IS. THOSE OLDER PLANTERS THOSE 10 15 YEAR OLD  MODELS THE LARGER ONES 16 ROW 24 SOFT AUCTION PRICES ON THOSE  FOLKS WANT A WANTING TO GET INTO THE LATER MODELS WITH THE NEW  TECHNOLOGY. NOW I DIDN'T START TO SEE A SHIFT IN THE MONTH OF  DECEMBER THOUGH. IN FACT AT OUR MACHINERY PETE DOT COM  WEBSITE WE HAVE WORKED 2900 PLANNERS LISTED FOR SALE TODAY AND  WE SAW 25 PERCENT INCREASE IN SEARCH TRAFFIC IN DECEMBER  VERSUS NOVEMBER. NOW THE AUCTION MARKET. I ALSO SAW THINGS  GET STRONGER THROUGHOUT THE MONTH. IN FACT LAST FRIDAY DECEMBER  29 ON A FARM AUCTION IN NORTHEAST SOUTH DAKOTA A PAIR OF 2016.  JOHN DEERE DB66 36 ROW 22 INCH PLANNERS WERE UP FOR SALE BOTH  WITH AROUND 7000 ACRES. AND HERE'S A PICTURE OF ONE THAT  BROUGHT 224 THOUSAND AND THE OTHER BROUGHT 220000 VERY STRONG  PRICES. IN FACT I COMPARED THOSE TWO RETAIL DB66 36 ROLE PLANNERS  LISTED FOR SALE OF MACHINERY PETE DOT COM. AND IT FOUND THEM AS  HIGH AS 280 THOUSAND. BUT ALSO HERE IS A PICTURE OF ONE FOR SALE  AT VALLEY PLAINS EQUIPMENT IN JAMESTOWN NORTH DAKOTA LISTED FOR  TWO HUNDRED THIRTY TWO THOUSAND FIVE HUNDRED DOLLARS. IT'S ALL VERY  CLOSE TO WHAT THE PAIR JUST BROUGHT AT AUCTION LAST FRIDAY IN SOUTH  DAKOTA AND WHAT I THINK THIS SHOWS AGAIN IS FARMERS DESIRE TO  GET INTO THE LATEST PLANTING TECHNOLOGY.  HNDREDS OF SEA TURTLES HAVE BEEN RESCUED BY  VOLUNTEERS.  WE'LL TELL YOU WHY NEXT. THE ARCTIC BLAST STRIKING THE U.S. ISN'T JUST  IMPACTING ALL OF US BUT SEA CREATURES DOWN IN THE GULF.  HUNDREDS OF GREEN SEA TURTLES HAVE BEEN  RESCUED AFTER THEY WERE STUNNED BY THE BITTER  COLD ON PADRE ISLAND NATIONAL SEASHORE.  MANY GROUPS THE COLD HAS BEEN TOO MUCH FOR  THEM TO HANDLE.  NOW, VOLUNTEERS AND ORGANIZATIONS ARE HARD AT  WORK LOOKING FOR MORE TURTLES TO BRING TO  SAFETY.  <"SO THEY CAN BE DOCUMENTED, IDENTIFIED AND THEN SENT OFF TO  REHABILITATION FOR CARE. IT'S OUR HOPE THROUGH THESE EFFORTS THAT  WE'LL BE ABLE TO SAVE THESE TURTLES SO THEY CAN GO BACK INTO OUR  TEXAS WATERS SOON."> THE NATIONAL PARK SERVICE RELEASED VIDEOS OF  SCIENTISTS DOCUMENTING, TAGGING AND CARING FOR  THE SEA TURTLES BEFORE THE CREATURES ARE  TRANSFERED WHERE THEY WILL RECEIVE MORE  RECOVERY. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. THANKS  FOR STARTING YOUR WEEK WITH US.  FOR MIKE HOFFMAN AND BETSY JIBBEN, I'M TYNE  MORGAN. HAVE A GREAT DAY.  

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