AgDay Daily Recap - July 19, 2017

July 19, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 19, 2017


HEADLINES
CROP CONDITIONS WORSEN BUT IS IT ENOUGH TO KEEP PRICES IN THE GREEN. PLUS, ENERGY TRADE WITH MEXICO AMID PENDING NAFTA RENEGOTIATIONS. IN AGRIBUSINESS..LEAN HOG MARKETS. THE PACKER TV LOOKS AT FRUIT TREE PRODUCTION. AND LONE STAR LEARNING AS THESE TEXAS FARMERS GIVE CONSUMERS AN  EDUCATION. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

CROP CONDITIONS
GOOD MORNING I'M CLINTON GRIFFITHS. A DOME OF HEAT PUSHES ITS WAY ACROSS FARM COUNTRY AS MAJOR GRAINS  SEE THEIR WORST CONDITION RATINGS IN NEARLY FOUR YEARS. USDA LOWERING THE RATINGS FOR BOTH CORN AND SOYBEANS BY ONE POINT. CORN AT 64 PERCENT GOOD TO EXCELLENT IS AT IT'S WORST MARK SINCE 2013. A YEAR WHEN THE NATIONAL AVERAGE FINISHED AT 158. WITH FALLING CONDITIONS ESPECIALLY IN MAJOR GRAIN GROWING STATES LIKE  IOWA, NEBRASKA AND SOUTH DAKOTA, MARKETS FINDING FRESH REASONS TO  TRADE MODESTLY HIGHER ON TUESDAY. " THAT WAS AN EXPECTED DECLINE CROP CONDITIONS GENERALLY DO DECLINE DURING THIS TIME OF YEAR.  YOU KNOW WE GENERALLY SEE OUR PEAK IN JUNE OR EARLY JULY AND THEN WE KIND OF DETERIORATE  THROUGH HARVEST. SO IT'S NOT UNCOMMON TO SEE CROP CONDITIONS DETERIORATE. AND AS A MATTER  OF FACT CORN CONDITIONS ARE STILL ABOVE THE FIVE YEAR AVERAGE." LOOKING CLOSER AT THE TOP FIVE CORN GROWING STATES - ALL FIVE SAW A  DECLINE IN THEIR CONDITION RATINGS FROM LAST WEEK. IOWA SEEING A SIX  POINT DROP, NEBRASKA DOWN THREE. THE REST ARE DOWN ONE. AS FAR AS PROGRESS - THOSE SAME STATES ARE ALL BEHIND THE FIVE YEAR  AVERAGE IN THE SILKING STAGE. MINNESOTA IS FIFTEEN POINTS BEHIND. IOWA IS  OFF BY EIGHT. ILLINOIS IS FIVE POINTS BEHIND. WE TALKED WITH ONE EAST CENTRAL ILLINOIS GROWER WHO RECEIVED A NICE  RAIN LAST WEEK.  "TOP END YIELD POTENTIAL IS DEFINATELY GONE. WE STIL HAVE POTENTIAL FOR A GOOD CROP AT THIS  POINT. THIS RAIN CAME AT A PERFECT TIME AS WE POLLINATE. WE NEED IT TO FILL. SOYBEANS, WE NEED  RAIN FOR  PODS THERE.” TURNING TO COTTON - THE NATION'S TOP COTTON PRODUCING STATE SEEING A  TWO POINT DROP IN THE POSITIVE CONDITION RATINGS. 49-PERCENT OF THE  TEXAS CROP IS GOOD TO EXCELLENT.  OVERALL IN THE COTTON BELT, THE  RATING DIPPED BY A POINT TO 60-PERCENT GOOD TO EXCELLENT. HOWEVER SEVERAL STATES SEEING NICE BUMPS. LOUISIANA IS UP BY EIGHT  . MISSISSIPPI UP BY SIX.92-PERCENT OF THE OKLAHOMA COTTON CROP IS GOOD TO EXCELLENT, UP  SEVEN. AND VIRGINIA IS 90-PERCENT UP SIX PERCENTAGE POINTS.

NAFTA RENEGOTIATION TALKS
AS THE WHITE HOUSE RELEASES ITS GOALS FOR A RE-NEGOTIATED NORTH  AMERICAN FREE TRADE AGREEMENT, THE AMERICAN FARM BUREAU IS URGING  THE ADMINISTRATION TO PROTECT THE MARKET GAINS FOR U-S AGRICULTURE  UNDER NAFTA. NEBRASKA FARMER JASON PERDUE TESTIFIED TUESDAY BEFORE A HOUSE SUB- COMMITTEE ON THE TRADE PACT. HE SAYS "NAFTA HAS BEEN BENEFICIAL FOR FARMERS, RANCHERS AND  ASSOCIATED BUSINESSES ACROSS THE U-S, CANADA AND MEXICO FOR  DECADES." FARM BUREAU'S PRIORITIES FOR A MODERNIZED NAFTA INCLUDE UPDATED,  SCIENCE-BASED SANITARY AND PHYTOSANITARY RULES.  IMPROVED DISPUTE  SETTLEMENT PROCEDURES FOR FRESH PRODUCE. ELIMINATED OR REDUCED  CANADIAN TARIFF BARRIERS TO DAIRY, INCLUDING THE BARRIERS TO ULTRA- FILTERED MILK. MEXICO IS A BIG EXPORTER OF CRUDE OIL TO THE U-S. BUT THERE'S BEEN A BIG  SHIFT IN BI-LATERAL TRADE. DATA FROM THE ENERGY INFORMATION ADMINISTRATION SHOWS FROM 2006  THROUGH 2010 THE VALUEOF U-S ENERGY IMPORTS FROM MEXICO WERE TWO  TO THREE TIMES GREATER THAN THE VALUE OF U-S ENERGY EXPORTS BACK TO MEXICO. BUT THAT COURSE HAS CHANGED. FOR 2016 THE VALUE OF U-S ENERGY  EXPORTS TO MEXICO WAS 20 BILLION DOLLARS, WHILE THE VALUE OF U-S  ENERGY IMPORTS FROM MEXICO WAS ABOUT NINE <8.7>BILLION DOLLARS. ENERGY SECRETARY RICK PERRY ON THURSDAY SAID THE U-S WANTS  STRONGER ENERGY TIES WITH MEXICO. HE SPOKE WHILE VISITING HIS MEXICAN  COUNTERPART PEDRO COLDWELL IN MEXICO CITY. SPEAKING AT A JOINT NEWS CONFERENCE ON BILATERAL ENERGY PLANS, PERRY  SAID THAT THE TWO COUNTRIES "PLAN TO MOVE THE AGENDA FORWARD". RICK PERRY, US SECRETARY OF ENERGY: "THE WORK PLAN WILL IDENTIFY CONCRETE ACTIONS THAT WE CAN UNDERTAKE IN THREE AREAS FIRST TO  ACCELERATE DEVELOPMENT ABOUT VAST, UNTAPPED ENERGY RESOURCES, SECOND TO PROMOTE ENERGY  TRADE IN ECONOMIC DEVELOP, AND THIRDLY, TO ENHANCE THE SECURITY RELIABILITY AND RESILIENCE ON  NORTH AMERICAN ENERGY SYSTEMS."COLDWELL SAYS MEXICO PLANS TWO MORE PIPELINES TO IMPORT U-S GAS, IN  ADDITION TO 17 THAT ALREADY EXIST.

CROP COMMENTS
MIKE HOFFMAN IS HERE ONCE AGAIN THIS MORNING WITH A LOOK AT CROP  CONDITIONS ACROSS FARM COUNTRY...AND TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. WE'LL START IN BRILLION, WISCONSIN WHERE WE RECEIVED A PHOTO OF THE  SOYBEAN CROP. THAT'S IN CALUMET COUNTY DUE SOUTH OF GREEN BAY. STATEWIDE THE SOYBEANS SIT AT 71-PERCENT GOOD TO EXCELLENT, DOWN THREE POINTS FROM LAST WEEK. JAY KOKES IN DELMONT, SOUTH DAKOTA SAYS WHEAT HARVEST IS WINDING  DOWN. JAY SAYS THE CORN IS TASSELING IN HIS AREA BUT HE WOULDN'T TURN  DOWN A RAIN. OVERALL, IS HOLDING OUT WELL CONSIDERING THE LITTLE  AMOUNT OF MOISTURE. JAY SAYS YOU DONT' HAVE TO GO VERY FAR AND IT'S A  COMPLETELY DIFFERENT STORY.  THE U.S. DROUGHT MONITOR SAYS 93 PERCENT OF SOUTH DAKOTA IS  ABNORMALLY DRY. 72 PERCENT IS A MODERATE DROUGHT AND NEARLY 42  PERCENT OF THAT IS A SEVERE DROUGHT. AND NOW HERE ARE YOUR HOMETOWN TEMPS.  THE LOCAL WEATHER CAN HAVE A BIG IMPACT NOT ONLY ON YOUR DAY, BUT ALSO ON YOUR CROPS.  START YOUR DAY OFF RIGHT WITH YOUR LOCAL FORECAST DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT  WEATHER TO 31313 TO GET STARTED! 

TEASE
WHEN WE COME BACK, WE'LL LOOK AT LEAN HOG MARKETS AND GET INSIGHTS  INTO RECENT PRICING TRENDS. AND THESE TEXAS CONSUMERS GET A LESSON IN FOOD PRICES FROM THE  GROWERS WHO RAISE THE CROPS.

FLOOR OF THE CME
IN AGRIBUSINESS...THE U.S. DOLLAR FALLING TO A 10-MONTH LOW ON TUESDAY,  BEARING THE BRUNT OF A SELL-OFF TRIGGERED BY ANOTHER SETBACK TO THE  ADMINISTRATION'S AGENDA AND SCALED-BACK EXPECTATIONS FOR ANOTHER  RATE HIKE AT FEDERAL RESERVE THIS YEAR. THE DOLLAR INDEX NOW AT IT'S LOWEST POINT SINCE LAST SEPTEMBER WHEN  COMPARED TO A BASKET OF MAJOR CURRENCIES.  CORN MARKET WAS MOSTLY HIGHER ON TUESDAY AND WHAT I WOULD CALL A PRETTY IRRATIC TRADING  SESSION. CORN FUTURES IN THE DECEMBER CONTRACT WERE 14 CENTS HIGHER VERY EARLY THIS MORNING  AND THEN SOLD OFF LATE IN THE DAY SO THE DECEMBER FUTURES DID TRADE AS HIGH AS 402 ABOVE $4  FOR A POINT HERE EARLY THIS MORNING. EARLY THIS MORNING WE WERE LOOKING AT A HOTTER AND DRIER  PATTERN FOR A LOT OF THE CORN BELT THOSE FORECASTS THEN SHIFTED AT MIDDAY AND TURNED A LITTLE  WETTER A LITTLE BIT COOLER. SO WE'RE WE'RE SEEING SOME VOLATILE TRADE AS A RESULT OF THAT. YOU  KNOW WITH THE WEATHER FORECASTS GO THE MARKETS THIS TIME OF YEAR AND TODAY WAS REALLY NO  DIFFERENT. NOW YIELD IS REALLY THE NAME OF THE GAME HERE WHAT TYPE OF YIELD CAN TRADERS PUNCH  INTO THEIR BALANCE SHEETS AND THAT'S KIND OF WHAT WE'RE IN THE PROCESS OF DISCOVERING HERE.  YOU KNOW EVERYONE'S GOT AN OPINION. THERE ARE SOME PEOPLE WHO BELIEVE THAT A TREND LINE  CORN YIELD IS STILL POSSIBLE. I THINK A LOT OF PEOPLE ARE STARTING TO WORK WITH THE IDEA THAT MAYBE  WE'VE GOT SOMETHING JUST A LITTLE BIT BELOW THAT PERHAPS IN THE UPPER 60S IN TERMS OF BUSHEL  PER ACRE. LIVE CATTLE MARKET WAS SHARPLY LOWER HERE ON TUESDAY AND HAS BEEN PRETTY SOFT THIS  WEEK. AS A MATTER OF FACT OUR NEARBY AUGUST FUTURES ARE TRADING MORE THAN $2 REMOVED FROM  FRIDAY'S SETTLEMENT. SO DESPITE SOME BETTER ACTION IN THE CASH CATTLE MARKET LAST WEEK WE  WERE REALLY UNABLE TO SUSTAIN A LOT OF LAST WEEK'S GAINS HERE THIS WEEK AS A MATTER OF FACT  TRADING INTO SOME FRESH MULTI-DAY LOWS HERE. THE BOX BEEF MARKET HAS BEEN UNDER PRESSURE AND I THINK THAT'S PART OF THE PROBLEM WITH THIS  CATTLE MARKET. WE'VE SEEN JUST A HUGE COLLAPSE IN CHOICE BOXES. YOU KNOW WE WERE IN THE  250 JUST SIX WEEKS AGO AND NOW WE'RE DOWN UNDER 210 HERE IN CHOICE BOXES AS OF THIS  WEEK. AGAIN JOE VACLAVIK FROM THE CME GROUP HERE IN CHICAGO.

AGRIBUSINESS
IT SEEMS AMERICA LOVES BACON, AND THAT HAS PORK BELLY PRICES NEAR  RECORD HIGHS... UP  ROUGHLY 80 PERCENT THIS YEAR.  MEANWHILE, FROZEN RESERVES AND COLD STORAGE IS AT LOWS NOT SEEN IN  SIXTY YEARS.  MARKET RESEARCH FIRM NIELSEN SAYS AMERICANS BOUGHT 14 PERCENT MORE  BACON IN STORES DURING 2016 THAN THEY DID IN 2013.  STRONG DEMAND IS HELPING KEEP THE LEAN HOG MARKET RELATIVELY STRONG  AS OF LATE. TYNE MORGAN TALKS TRENDS IN TODAY'S CROP COMMENTS. HERE NOW WITH BOB UTTERBACK OF UTTERBACK MARKETING BOB WE'VE JUST SEEN SOME IMPRESSIVE.  HOG PRICES THIS YEAR. WE KNOW THAT WE HAVE PLENTY OF HOGS OUT THERE BASED ON THE LATEST  HOGS AND PIGS REPORT. SO WAS IT JUST SOLELY DEMAND. YES IT IS. A DEMAND HAS BEEN HAS  PUSHED THE EXPECTATIONS BEYOND. NOW THE PROBLEM IS IF IF THE CORN MARKET IS GOING TO HAVE  INFLUENCE ON THE HOGS AND THE CURRENCIES ARE GOING TO HAVE AN EFFECT ON FOREIGN DEMAND. SO  AIMING INTO A TIME PERIOD WHERE THE MARKET ESPECIALLY THE OCTOBER AND DECEMBER CONTRACT  HAS REALLY PRECARIOUS RISK IN FRONT OF IT. AND WE HAVE TO BE VERY DEFENSIVE BECAUSE  SEASONALLY JUST LIKE THE CORN HIGHS IN JULY THE MARKET HAS HIGHS IN JUNE JULY AND I THINK YOU  BETTER BE VERY CAREFUL IN HOW MUCH RISK YOU TAKE. FOR THE LAST HALF OF THIS YEAR I MEAN  SEASONALLY I KNOW I UNDERSTAND THAT WE USUALLY PUT THE HIGHS IN IN THIS MARKET NOW. BUT I  MEAN HAVE HAVE WE'VE REALLY BEEN IN THAT NORMAL OF A PATTERN WITH THESE HOG MARKETS LATELY.  I MEAN ARE WE KIND OF IN UNCHARTED WATERS WE'RE KIND OF YOU KNOW WE'RE. YES YES AND NO.  YES. WHERE WE'VE BEEN IN UNCHARTED WATER. YES WE'VE HAD SOME BETTER THAN EXPECTED  DEMAND SHOW UP. BUT I GUESS I GOT TO KEEP ON GOING BACK TO THE POINT IS IF CORN PRICES ARE  GOING TO BE FIRMER IN THE LAST HALF OF THIS YEAR THAT IS GOING TO FORCE SOME LIQUIDATION PRESSURE  I THINK IN THE CASH MARKET WILL HAVE INCREASED INVENTORY HITTING THE MARKET IN SEPTEMBER  OCTOBER. SO I THINK WHICH LONG TERM IS EVEN MORE BULLISH FOR HOGS SO I'D WANT TO BUY THE HOG  MARKET ON A DECENT CORRECTION WAY BUT I DON'T WANT TO BUY HOGS AT THIS POINT. AND THAT FALL  TIMEFRAME IS WHEN WE HAVE THESE PORK PROCESSING PLANTS COMING ONLINE. SO WE KNOW THAT  THERE'S SOMEWHERE TO TAKE THESE HOGS. BUT IS THERE SOMEONE THERE TO BUY IT. THE QUESTION THAT WILL BE THE QUESTION YES. YES. AND WHERE ARE YOU HOPEFUL THAT MAYBE COULD PICK IT UP.  YOU KNOW WE HAD TO BE IN THE EXPORT MARKET AND WON'T BE IN DOMESTIC MARKET TO BE AN  EXPORT MARKET. I JUST DON'T LIKE RELYING ON THAT TYPE OF MARKET TO BASICALLY BAIL ME OUT. SO THIS  IS ANOTHER CLASSIC CASE WHERE IS I WOULDN'T WANT TO BE SHORT CASH OR WOULDN'T WANT TO BE SHORT  FUTURES. I'D WANT TO BE LONG AND THE MONEY PUT AND TRY TO PUT MYSELF IN A POSITION OF A FLOOR  AND GET 50 PERCENT OF THE RALLY IF THAT OCCURS IF THE MARKET DEMAND EXCEEDS EXPECTATIONS. ALL  RIGHT BOB AT OR BACK OF UTTERBACK MARKETING. THANK YOU. STAY WITH US. WE HAVE MUCH MORE  ON AGDAY WHEN WE COME BACK.  ARE YOU A GAME CHANGER?  KNOW SOMEONE WHO IS?  CHEVRON IS SEARCHING FOR THOSE  PEOPLE THAT HAVE MADE AN IMPACT ON THE INDUSTRY.  SHARE YOUR NOMINEE AT CHEVRONDELO DOT COM SLASH GAME CHANGERS!  DELO:  LET'S GO FURTHER.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN MIKE AS WE LOOK AT THE ROOT ZONE MOISTURE MAP YOU CAN SEE WHERE IT HAS BEEN DRYING OUT AND ESPECIALLY IN THE  PANHANDLE OF TEXAS OKLAHOMA THERE AND THEN UP INTO THE NORTHERN PLAINS. YES LIKE THE HIGH  PLAINS DEFINITELY HAVE DRIED OUT EVEN MORE SINCE LAST WEEK AND PLACES IT'S GOTTEN WETTER AND  THE GULF COAST STAYED WET IN THE GREAT LAKES AND IT ISN'T NEARLY AS WET THROUGH MANY PARTS  OF THE CENTRAL MISSISSIPPI VALLEY INTO THE TENNESSEE VALLEY. AND IF YOU LOOK OUT WEST IT'S  NORMALLY DRY THIS TIME OF YEAR BUT FOR MOST OF THE SPRING EARLY PART OF THE SUMMER THIS WAS  JUST A BIG MASS OF BLUE. AND WITH THAT BIG RIDGE OVER THE LAST THREE OR FOUR WEEKS YOU FOLKS  ARE GETTING BACK CLOSER TO NORMAL NOT AS WET AS IT TYPICALLY IS. NOW AGAIN THAT DOESN'T MEAN  IT'S WET OUT HERE THAT'S JUST A LITTLE BIT MORE MOISTURE THAN NORMAL WHICH TYPICALLY ISN'T A WHOLE  LOT OF MOISTURE. HERE'S THE WEATHER MAP TODAY AND SEE A COOL FRONT THROUGH FLORIDA. THAT WILL  BE THE FOCUS FOR SOME SHOWERS AND STORMS THAT WILL TAKE A LITTLE BIT FARTHER SOUTH AWAY FROM  THE GULF COAST ALTHOUGH YOU'LL STILL GET THE AFTERNOON VARIETY ACTIVITY THERE WE'LL PUT THE MAPS  INTO MOTION AND YOU CAN SEE THE NORTHERN FRONT KIND OF DIPS INTO THE LOWER GREAT LAKES.  THAT'S WHERE IT'S GOING TO STALL OUT FOR PROBABLY THREE FOUR OR FIVE DAYS AND THAT'S GOING TO BE  THE FOCUS FOR SHOWERS AND THUNDERSTORMS. BASICALLY YOU KNOW THIS COULD BE SOME GOOD  NEWS FOR THE DAKOTAS IF WE CAN GET SOME COMPLEXES TO FORM UP YOUR WAY. A LOT OF TIMES THOSE FORM FARTHER EAST UNFORTUNATELY BUT THOSE WERE RIGHT ALONG THE FRONT. THEN OFF TO THE  EAST AND THAT'S SOMETHING WE'LL HAVE TO WATCH. THESE ARE JUST HIT AND MISS AFTERNOON VARIETY  TYPICAL THUNDERSTORMS FOR THIS TIME OF THE YEAR IN THE SOUTHWEST HEADING INTO THE DAY.  TOMORROW YOU CAN SEE A LITTLE WAVES MOVING ALONG THIS STATIONARY FRONT. THOSE WILL BE THE  FOCUS FOR SHOWERS AND THUNDERSTORMS AS WELL THAT WILL INCREASE YOUR CHANCES AS THESE LITTLE  WAVES KIND OF MOVE ALONG AND YOU CAN SEE MOVING THROUGH THE DAY TOMORROW. TWO OF THEM  ALONG THE FRONT ONE WILL BE INTO THE NORTHERN OHIO AREA BY LATE IN THE AFTERNOON ONE WILL BE IN  IOWA. THOSE WILL BE THE TWO BETTER CHANCES FOR SHOWERS AND THUNDERSTORMS. LET'S TAKE A LOOK  AT MOISTURE PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. SOME IN FLORIDA AND THE REST OF  THE SOUTHEAST SOME WITH THAT SYSTEM OFF IN THE NORTHERN PLAINS AND A LITTLE BIT IN THE  SOUTHWEST. ADDING IN THE NEXT 36 HOURS YOU CAN SEE HOW WE DO END UP WITH SOME DECENT  AREAS ALL DEPENDS ON WHERE THESE COMPLEX FORM ACROSS THE NORTHERN PLAINS AND WE END UP  WITH SOME DECENT MOISTURE IN MUCH OF FLORIDA. THE HEAT IS ON FOR THE MIDDLE OF THE COUNTRY  LOTS OF 90S PURPLE AREAS SHOWING SOME 100S SHOWING UP THERE IN PARTS OF KANSAS OTHER  PLACES OF THE CENTRAL PLAINS. LOWS TONIGHT. LOOK AT MOST OF THE PLAINS UPPER 70S TO NEAR 80  THAT IS MUGGY AIR EVEN FOR THIS TIME OF THE YEAR. HIGH TEMPERATURES TOMORROW. MORE OF THE  SAME. NORTH OF THAT FRONT THEN TEMPERATURES WILL BE JUST A LITTLE BIT LESS HOT. TAKING A LOOK AT  THE JET STREAMING SEE THE RIDGE STILL HOLDING FOR THE CENTRAL PLAINS STATES LITTLE RIPPLES MOVING THROUGH THE NORTHERN TIER OF STATES AND THAT'S WHAT KEEPS THAT FRONT KIND OF THROUGH THE LOWER  GREAT LAKES. LOOKS LIKE AS WE HEAD IN THE NEXT WEEK WE MIGHT ACTUALLY GET A LITTLE BIT MORE  COOL AIR COMING IN NORTHEASTERN PLAINS INTO THE GREAT LAKES AS WELL. THAT'S A LOOK ACROSS THE  COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HAD TO HELENA MONTANA. FIRST OF  ALL MOSTLY SUNNY VERY WARM HIGH TEMPERATURE 94 DEGREES SHREVEPORT LOUISIANA PARTLY SUNNY  AND TYPICAL HOT AND HUMID. HIGH TEMPERATURE OF 95 IN SAGINAW MICHIGAN PARTLY SUNNY AND  HUMID MAYBE A THUNDERSTORM HIGH OF 83.  THANKS MIKE. THE "THEME OF THE WEEK" AT THE WHITE HOUSE IS AMERICAN- MADE GOODS. RECOGNIZABLE PRODUCTS FROM EACH OF THE 50 STATES HAD SOMETHING ON  DISPLAY. ILLINOIS WAS REPRESENTED BY A CATERPILLAR END-LOADER. AND THE PRESIDENT DONNED SOME TEXAS "PRIDE" AS HE GRABBED A STETSON. HE WAS PRESENTED WITH THE "EL PRESIDENTE", WHICH HE PROMPTLY PLACED  ON HIS HEAD. THE STETSON WEBSITE SAYS THAT STYLE NORMALLY SELLS FOR ABOUT A  THOUSAND DOLLARS.

TEASE
WHEN WE COME BACK, WE'LL STOP IN FOR A LOOK AT PRODUCE WORLD THANKS  TO OUR PARTNERS AT THE PACKER. AND TEXAS FARMERS TAKE A 'STAND' - FARMSTAND THAT IS - TO SHOW HOW MUCH THEY MAKE WHEN THEY SELL THEIR WARES. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY.

PACKER TV
ON THE PACKER TV, TREND WATCHER NIELSEN SAYS NEW NUMBERS SHOW THE  IDEA OF SUSTAINABILITY HELPS SELL PRODUCE. IT SAYS THE AVERAGE PRICE FOR A PRODUCT MARKETED AS SUSTAINABLE IS 35  PERCENT MORE THAN THE AVERAGE PRODUCT.  NIELSEN PRODUCT INSIDER ADDS THAT SUSTAINABLE PACKAGING MATERIALS  ARE UP 2.5 PERCENT, SUSTAINABLE FARMING WHICH IS CLASSIFIED BY NIELSEN  AS — ORGANIC, GMO-FREE, OR MADE WITH ORGANIC INGREDIENTS — GREW  MORE THAN 11 PERCENT AND SUSTAINABLE PRODUCTION METHODS — INCLUDING RENEWABLE ENERGY AND BEING SUSTAINABILITY-CERTIFIED — INCREASED MORE THAN 4 PERCENT...ALL IN THE PAST YEAR. IT APPEARS NEW YORK'S APPLE CROP IS REBOUNDING FROM LAST YEARS  SMALLER-SIZED CROP.  A SPOKESMAN FOR THE NEW YORK APPLE ASSOCIAION  TOLD OUR PARTNERS AT THE PACKER THAT MOST GROWERS ARE USING THE  ADJECTIVE "GOOD" TO DESCRIBE THE CROP. THERE WERE SOME CONCERNS EARLY ON WHEN THE TREE STANDS FELT AN  EARLY WARM-UP DURING THE WINTER. THE APPLE ASSOCIATION SAYS GROWERS IN THE HUDSON VALLEY IN SOUTHERN  NEW YORK SHOULD START HARVEST BY MID-AUGUST. EARLY ESTIMATES PUT THE NEW YORK APPLE CROP AROUND 29-MILLION  BUSHELS, JUST UNDER THE AVERAGE YEAR. THE FINAL FORECAST FOR THE 16'-17' FLORIDA ORANGE CROP SHOWS DISEASE  CONTINUING TO EAT AWAY AT PRODUCTION. USDA EXPECTS NEARLY 69 MILLION 90 POUND BOXES-- DOWN 16 PERCENT LAST  YEAR AND ALMOST 30 PERCENT LOWER THAN 2015. AND WHILE THE FINAL NUMBER IS LOWER THAN LAST YEAR, USDA ACTUALLY  RAISED ITS EXPECTATIONS IN THIS LATEST REPORT. CALIFORNIA ORANGE PRODUCTION WAS ALSO LOWER THIS SEASON.

TEASE
NEXT WE HEAD IN THE COUNTRY TO TEXAS WHERE FARMERS ARE SHOWING  CUSTOMERS HOW MUCH MARK-UP YOU PAY AT THE SUPERMARKET. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  DISCOVER THE POWER BEHIND THE M6 SERIES AT  KUBOTA.COM. A LITTLE CHANGE. A LOT OF FOOD.  FRIO COUNTY FARMERS & RANCHERS PUT A  UNIQUE SPIN ON THEIR DOWNTOWN FARMER'S MARKET. ED WOLFF OF THE  TEXAS FARM BUREAU SHOWS GROWERS MAKING FRESH CONNECTIONS WITH  CUSTOMERS. FRESH PRODUCE. GOOD NEIGHBORS. TEXAS FARMERS. A PERFECT DAY IN FRIO COUNTY. LOCAL  GROWERS WANTED TO CONNECT WITH THEIR COMMUNITY. SO THEY SET UP A FARMERS MARKET AND  INVITED EVERYONE IN TOWN. AND ALL THEY HAD TO BRING WAS A LITTLE CHANGE. KEVIN LINDSEY | FRIO COUNTY RANCHER: "WE SPREAD THE NOTICE ON FACEBOOK AND TELLING EVERYBODY JUST BRING YOUR  CHANGE OUT OF YOUR PICKUP. | JUST BRINGING A BAG OF QUARTERS YOU CAN COME BY AND LOAD UP ON  CANTALOUPES, GREEN BEANS, SQUASH, ZUCCHINI, OKRA. | FOR LESS THAN $5." THE GOAL WASN'T TO MAKE MONEY. BUT TO PUT A FACE TO THEIR FOOD. TO BUILD RELATIONSHIPS. A FEW CENTS WOULD GET  YOU THE SAME AMOUNT OF FOOD THAT WOULD TAKE DOLLARS IN THE SUPERMARKET. THAT'S BECAUSE THE  PRICES OF THESE FRUITS & VEGETABLES WERE SET AT THE "FARMER'S SHARE". ABOUT THE AMOUNT A  FARMER WOULD MAKE OF THE PRODUCE. "THERE ARE ACTUAL PEOPLE GROWING THIS. IT DOESN'T JUST  COME FROM HEB OR WALMART. IT STARTS AT THE FARM. | THE FARMERS ARE NOT GETTING THE RETAIL  PRICE. THEY'RE GETTING PENNIES ON THE DOLLAR FOR ALL THE INPUT AND EVERYTHING THAT GOES INTO  GROWING THIS STUFF." KEVIN AND HIS FELLOW FARMERS & RANCHERS SPENT TIME TALKING WITH THE FOLKS  WHO DROPPED BY. TELLING THEM ABOUT THE CROPS. AND WHAT ITS LIKE TO GROW THEIR DINNER. GIVING  THEM A SMALL WINDOW INTO THE LIFE OF A TEXAS FARMER. "THEY'RE VERY HELPFUL. LIKE THE  GENTLEMAN TOLD ME THE BLACK-EYED PEAS WERE JUST PICKED YESTERDAY SO YOU KNOW THAT THEY  ARE FRESH." "WHEN I SAW THE FLYER, THEY POSTED IT ON FACEBOOK THIS TIME I HAD TO GO. I BROUGHT  SOME FRIENDS WITH ME TOO AND THEY BOUGHT SOME THINGS AS WELL." DIXONDALE FARMS. JACK'S  PRODUCE AND MANY MORE DONATED FRESH FOOD. THE FRIO COUNTY FARM BUREAU DONATED TIME.  THE EVENT WAS A HIT. IN FACT CUSTOMERS ARE ALREADY ASKING FOR MORE FARMER'S MARKETS  THROUGHOUT THE YEAR. THEY WANT MORE FRUITS & VEGETABLES. AND MORE TIME SPENT WITH THE  FARMERS. WITH THE TEXAS FARM BUREAU, ED WOLFF, PEARSALL.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY, I'M CLINTON GRIFFITHS. HAVE A  GREAT DAY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS. 

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