AgDay Daily Recap - July 3, 2017

July 3, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 3, 2017


HEADLINES
FRESH REPORTS FROM USDA SEND GRAIN MARKETS INTO THE GREEN PLUS, CELEBRATING BEEF'S ENTRY BACK INTO AN IMPORTANT MARKET. "...WELCOME AMERICAN BEEF BACK TO CHINA." IN AGRIBUSINESS...LOOKING AHEAD TO  JULY. MACHINERY PETE IS CHECKING USED COMBINE PRICES. AND WHAT WILL THAT  HOLIDAY COOK OUT COST YOU THIS JULY 4TH. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

ACREAGE REPORT RESULTS
GOOD MORNING I'M CLINTON GRIFFITHS. IN THE DEBATE OVER ACREAGE - CORN  CONTINUES TO WIN OUT EVEN AS U-S FARMERS PLANT A RECORD-SIZED  SOYBEAN CROP. AND TOGETHER THOSE TWO CROPS REACH A RECORD HIGH NUMBER OF  PLANTED ACREAGE AT MORE THAN 180-MILLION ACRES --DUE IN PART TO THE  SWITCH AWAY FROM WHEAT. BREAKING IT DOWN FOR YOU...USDA SAYS FARMERS PLANTED A RECORD 89-AND  A HALF MILLION ACRES OF BEANS - SEVEN PERCENT ABOVE LAST YEAR. BUT IT'S  ABOUT A HALF MILLION FEWER ACRES THAN WHAT GRAIN TRADERS EXPECTED. AND IT STILL FALLS SHORT OF THE NEARLY 91-MILLION ACRES OF CORN. THAT'S A  THREE PERCENT DROP IN CORN ACRES. BUT MUCH HIGHER THAN TRADERS  GUESSED. ALL WHEAT ACREAGE IS ESTIMATED AT 45-POINT-SEVEN MILLION ACRES, DOWN 9  PERCENT FROM A YEAR AGO. IT'S THE LOWEST AMOUNT SINCE 1919. SPRING WHEAT ACRES COME IN AT 10-POINT-NINE MILLION, DOWN SIX PERCENT  FROM LAST YEAR. SO WITH BIGGER CORN ACRES AND NOT AS MANY SOY ACRES, THE MARKET WAS  HANDED A SURPRISE. LET'S CHECK IN WITH PROFARMER'S BRIAN GRETE FOR HIS TAKE. " MOVING FORWARD I THINK THAT MAYBE GIVES THIS SOYBEAN MARKET A BOOST WITH THE DATA THAT  WAS OUT JUNE 30TH. BUT REALLY THE FOCUS IS GOING TO BE ON WEATHER IN THAT POTENTIAL FOR HOT DRY  CONDITIONS ESPECIALLY IN THE NORTHWESTERN CORN BELT AND NORTHERN PLAINS AS WE MOVE THROUGH  THE FIRST HALF OF JULY BASED ON THE CURRENT FORECAST. " LOOKING AT GRAIN STOCKS USDA SAYS THERE ARE 963 MILLION BUSHELS OF  SOYBEANS IN STORAGE. THE AMOUNT OF BEANS THAT FARMERS ARE STILL  HOLDING IS 18-PERCENT ABOVE YEAR AGO LEVELS. OLD CROP CORN HITS FIVE-POINT-TWO BILLION BUSHELS. ALSO UP FROM LAST  YEAR. ON-FARM STOCKS ARE 15-PERCENT OVER LAST YEAR. ALL WHEAT STOCKS ARE ABOUT ONE-POINT-TWO BILLION, UP 21-PERCENT. ON  FARM STOCKS ARE DOWN THREE PERCENT. "AND WHEN WE LOOK AT WHERE THAT CORN AS WELL AS SOYBEANS AR AT WE FIND THAT THE CORN AND  SOYBEANS ARE DISPROPORTIONATELY STILL ON THE FARM. SO AS WE LOOK AT THIS WEATHER MARKET THAT  WE'RE TURNING INTO CERTAINLY A LOT OF OLD CROPS STILL TO PRICE ON THE FARM AS WELL AS NEW CROP.  SO HE CERTAINLY SUGGESTS THAT PRODUCERS HAVE THEIR PLANS READY AND BE LOOKING AT THIS AS  PRICING OPPORTUNITIES FOR BOTH OLD CROP AS WELL AS SOME NEW CROP PRICING. " THE AVERAGE TRADE GUESS AHEAD OF THESE REPORTS PUT SOYBEAN ACRES  ABOVE CORN FOR THE FIRST TIME IN DECADES.  AND WHILE IT DIDN'T HAPPEN, AS TYNE MORGAN SHOWS US, SOYBEANS AS A  WHOLE CONTINUE TO BUILD MOMENTUM IN FARM COUNTRY. FIELD AFTER FIELD, A BIRDSEYE VIEW REVEALING A MAJOR SHIFT TAKING OVER  AMERICAN FARM FIELDS.  "WE'RE SEEING SUBSTANTIALLY MORE BEANS THAN CORN." THE SURGE IN SOYBEAN ACRES  VISIBLE ACROSS THE COUNTRY, INCLUDING AMONG THESE OHIO FIELDS.  "WE DROPPD ABOUT 20 PERCENT OF OUR CORN ACRES AND JUST WENT TO BEANS BECAUSE WE JUST  HADN'T PLANTED YET." WHILE TODAY'S ECONOMICS ARE PLAYING INTO SOYBEAN  ACRES' FAVOR, IT'S A SHIFT THAT HASN'T HAPPENED OVERNIGHT. "IN THE SIX OR 7 YEARS I'VE BEEN INVOVLED WITH SOYBENA BOARD, WE'VE SEEN ABOUT A 30 PERCENT GROWTH IN THE VOLUME OF HTE U.S. CROP."  SURGE IN VOLUME AND ACRES ALSO SUPPORTED BY EXPLODING YIELDS.  "FOR THE FIRST TIME I CAN TELL YOU, WE'RE BREEDING SOYBEANS WITH THE SAME KIND OF INTENSITY THAT  WE WERE BREEDING CORN." ROBB FRALEY IS MONSANTO COMPANY'S CHIEF  TECHNOLOGY OFFICER. HE'S OFTEN REFERRED TO AS THE FATHER OF  BIOTECHNOLOGY, DEVELOPING THE FIRST GMO CROPS IN THE 1980S. HE SAYS  FARMERS ARE SIMPLY GROWING BETTER BEANS.  "I SEE FARMERS PUTTING HTE SAME TYPE OF PLANTING, DEISEASE CONTROL, AGRONOMY PRACTICES INTO  SOYBEANS, SO I HTINK IT'S A COMBINATION OF WE'RE PUTTING MROE RESEARACH INTO IT AND FARMING  BEANS, AND IT'S PAYING OFF." "WE'RE SEEING SOME SIGNIFICANT INCREASES, I MEAN JUST SOME OF THE YIELDS SOYBEAN FARMERS  HAD CONSISTENTLY ACROSS THEIR FIELDS, HEARING REPORTS OF 70, 75 BUSHEL YIELDS JUST AMAZING." LAST FALL, FARM JOURNAL AGRONOMIST KEN FERRIE SAW FARMERS  CONSISTENTLY YIELD 80 TO 90 BUSHELS PER ACRE IN CENTRAL ILLINOIS FIELDS.  AND HE SAYS IT WAS THE APRIL PLANTED BEANS BOASTING SUCH BIG YIELDS.  AG COMPANIES ARE PUTTING RESEARCH DOLLARS BEHIND DEVELOPING NEW  SEED TREATEMENTS, SAYING IT'S ONE WAY FARMERS CAN FIGHT EARLY SEASON  EXTREMES.  "WHEN YOU TALK ABOUT SHIFTING TO AN APRILP LANTING, WE'VE SEEN UP TO A 20 BUSHEL BENEIFTS FROM  GOING THAT EARLY WITH THE PLANTER." ACCORDING TO U-S-D-A, SINCE 1993, THE NATIONAL AVERAGE SOYBEAN YIELDS  CLIMBED 20 BUSHELS PER ACRE, WITH THE RECORD REACHED LAST YEAR, AT 52  POINT 1 BUSHELS PER ACRE.  AS FARMERS GET BETTER AT GROWING BIGGER  BEANS... 100 BUSHEL AVERAGES MAY BE IN A FIELD NEAR YOU SOONER THAN  MANY THINK.  "YOU KNOW THIS YEAR, WE HAD OUR AWARDS DINNER AND THERE WERE A LOT OF GUYS WITH 300 BUSHEL  CORN AND A LOT OF GUYS WITH 100 BUSHEL BEANS." FRALEY SAYS IT'S NEW TEFHNOLOGY AND PRESCRIPTION FARMING THAT COULD  BREAK THE YIELD CEILING, LAUNCHING ANOTHER SURGE FOR SOYBEANS.

U.S. BEEF IN CHINA
THE U-S BEEF INDUSTRY IS CELEBRATING ITS RE-ENTRY INTO CHINA. A CEREMONIAL CUTTING OF PRIME RIB TOOK PLACE AT THE U-S EMBASSY IN  BEIJING ON FRIDAY TO MARK THE RETURN OF U-S BEEF TO THE CHINESE  MARKETPLACE AFTER 14 YEARS. AG SECRETARY SONNY PERDUE WAS JOINED BY NCBA PRESIDENT CRAIG UDEN  AND A CHINESE IMPORTER. CHINA RECEIVED THE FIRST SHIPMENT OF US BEEF LAST WEEK, ACCORDING TO  CHINESE MEDIA. "WE THINK THERE IS AN OPPORTUNITY FOR AGRICULTURE TO LEAD THE WAY IN THE FUTURE RELATIONSHIP OF  COMMERCE BETWEEN OUR TWO WONDERFUL COUNTRIES."> "I KNOW IT IS A KEY PRIORITY OF THE PRESIDENT TO REDUCE THE TRADE DEFICIT, AND THIS IS ONE OF THE  WAYS WE CAN DO IT, AND WE CAN PROVIDE A SAFE QUALITY FOOD PRODUCT FOR THE CONSUMERS HERE IN  CHINA."> AMBASSADOR BRANSTAD AND SECRETARY PERDUE ALSO MET WITH CHINESE  VICE PREMIER WANG YANG, WHO IS IN CHARGE OF TRADE RELATIONS WITH THE  US. BRANSTAD SAYS THE U-S HOPES THE RETURN OF U-S BEEF TO CHINA WILL BE  THE START OF FURTHER MARKET ACCESS OF FARM PRODUCTS IN CHINA.

CROP COMMENTS
LETS GET BACK TO FARM FIELDS AND TODAY'S CROP COMMENTS. MIKE HOFFMAN JOINING US NOW WITH A LOOK FROM ABOVE. HELLO CLINTON. AN EYE IN THE SKY LOOK AT FIELDS CAN TELL A LOT. TAKE A LOOK AT THIS FROM ASHBAUGH AERIAL IN NAPOLEON OHIO. YOU CAN SEE THERE'S QUITE A BIT OF VARIABILITY IN THESE FIELDS BY THE SIZE  AND COVERAGE OF THE CROPS. IN OHIO USDA SAYS 60 PERCENT OF SOYBEANS AND 58 PERCENT OF CORN IS  CONSIDERED GOOD TO EXCELLENT. AND TAKE A LOOK AT THIS PHOTO FROM CHAD WETZEL, OF GRAYSON COUNTY, TEXAS YOU CAN SEE HIS SOYBEANS STRETCHING INTO THE HORIZON OF DARK CLOUDS. THIS IS OUR JUNE SOCIAL MEDIA PICTURE WINNER-- AND BECAUSE OF THAT CHAD GETS AN  AGDAY HAT. IF YOU'D LIKE A CHANCE TO WIN -- SEND YOUR PICTURES TO US EITHER ON FB OR THE TWITTER. BEST PICTURES WIN A HAT AND HAVE THEIR PHOTO FEATURED THE ENTIRE  MONTH OF AUGUST. AND NOW HERE ARE SOME 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
WE'LL CONTINUE OUR DISCUSSION ON FRIDAY'S REPORTS COMING UP NEXT IN  AGRIBUSINESS. PLUS, STAY TUNED FOLKS COMING UP I'LL TELL YOU ABOUT A PAIR OF 2014 MODEL COMBINES SOLD AT AUCTION  LAST WEEK.  ARE YOU A PRICE-CONSCIOUS SHOPPER? WE'LL TELL YOU HOW MUCH THAT JULY  4TH COOKOUT WILL COST YOU. 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.

FLOOR OF THE CME
AS WE START A HOLIDAY-SHORTENED TRADING WEEK, LET'S SEE HOW AG  MARKETS CLOSED ON FRIDAY AFTER THE USDA REPORTS. LET'S HEAD TO THE CME IN CHICAGO. LIVE CATTLE WAS MIXED, A LOW VOLUME DAY KIND OF GIVES RISE TO A CHOPPY MARKET. THE MARKET OPENS SUNK A LITTLE BIT LOWER THEN WAS ABLE TO REGAIN A LITTLE BIT OF FOOTING AND CAME BACK AND WAS UNCHANGED. THAT ACTUALLY SHOWS SOME STRENGTH IN THE MARKET THAT WE DIDN'T HAVE A BIG SELL OFF OR ANY KIND OF MAJOR LIQUIDATION. THE MARKET STILL IS LOOKING FOR FUNDAMENTAL NEWS TO GIVE IT SOME DIRECTION RIGHT NOW SO WE ARE MOVING SIDEWAYS EVEN THOUGH THE VOLUME IS LOW WE'RE EXPECTING THAT THERE'S GOING TO BE MORE VOLATILITY COMING UP IN THE NEXT COUPLE OF WEEKS. FETOR CAROL WAS FIRM AND SO THAT'S ALSO YOU KNOW ADDING SOMETHING TO MAYBE THE POSITIVE CHURN OF THIS MARKET. THE FUTURES REALLY BOUNCED OFF ITS LOW TO FINISH HIGHER. SO THAT TELLS ME THAT THE MARKET IS POISED FOR PERHAPS ANOTHER SURGE IF WE CAN GET OUR DEMAND NUMBERS UP. HAWGS ON THE OTHER HAND LIMIT UP. SO THE MARKETS ARE STARTING TO REALLY HEAT UP THIS SUMMER. PORK PRICES ARE REALLY REMAIN VERY VERY STRONG THEY'RE SUPPORTED BY THE DEMAND OVERSEAS. CERTAINLY LOOKS LIKE THAT THERE'S NO END TO THIS. THAT'S ALL FROM THE FLOOR AT THE CME GROUP I'M VIRGINIA MCGATHEY.

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK I HAVE TOMMY GRISAFI OF ADVANCED TRADING ANDY BOB  UTTERBACK UTTERBACK MARKETING ALL RIGHT GENTLEMEN WE'RE STARTING A FRESH WEEK A FRESH  MONTH. REPORTS CAME OUT FRIDAY. WHAT'S YOUR KEY TAKE AWAY WE'LL START WITH YOU TONY. BOB  AND I WERE UP IN THE OFFICE YOU KNOW WITH OUR LAPTOPS BECAUSE THERE'S NO FLOOR ANYMORE.  BESIDE A FEW OPTION PITS AND WE'RE LIKE KIDS ON OUR IPHONES. BUT THE REPORT TRADED ITSELF  WITHIN. I DON'T KNOW FIVE MINUTES A LOT. TRAIN IT WITHIN A HALF HOUR. YOU GUYS SAID YOU'RE READY  TO GO DO THIS LET'S DO IT. SO MARKETS REACT TO THINGS FAST. WILL THERE BE A HANGOVER OVER THE  WEEKEND. MAYBE BUT THAT'S MORE CREATED BY WEATHER SO THAN TO THE NUMBERS. WE COULD ARGUE A HALF MILLION ACRES HERE AND THERE WE DON'T. PART OF THOSE ACRES ARE THIS TALL. SO I DON'T KNOW WHAT WE'RE ARGUING ABOUT SO LET'S GET BACK TO WEATHER AND LET'S GET BACK TO  FUNDAMENTALS. AND THAT'S WHAT MAKES THESE MARKETS MOVE. WHAT DO YOU THINK BOB SAME  TIME THE SAME. AND I THINK WELL EVERYBODY WILL BE INTERESTED IN WHAT THE FUNDS DID TO THE  FUNDS LIQUIDATE LAST WEEK. SEE. I DON'T THINK THE FUNDS GOING THAT LONG UNLESS THIS WEATHER  REALLY TURNS BAD. OK. AND THAT'S THE QUESTION EVERYBODY'S GOING TO ASK HIM. WHAT'S IT GOING  TO TAKE TO GET THE QUOTE COMPUTER MODELS TO TURN LONG. AND I THINK THAT'S HAPPENED IN WHEAT  AND HAPPENED IN BEANS MAYBE WITH A TURN ALONG IN CORN. BUT IT'S GOING TO BE ALL WEATHER AND  THAT'S WHY WEDNESDAY THURSDAY IS GOING TO BE INTENSE I THINK. YEAH WAS THERE ANYTHING ON THIS THESE ACREAGES NUMBERS THAT YOU SAY LONG TERM PLAYS OUT ON DOWN THE ROAD TOMMY. WE  KNEW THERE COULD BE A PROBLEM IN SPRING WHEAT THAT'S PLAYING OUT BOTH IN LOW ACRES AND A  WEATHER PROBLEM AND. YOU KNOW I GUESS I'M JUST THINKING TOWARDS NEXT YEAR. I MEAN IF  WHEATS THIS HIGH. ARE WE GOING TO HAVE AN 8 GRINCH SWITCH NEXT YEAR. WE'RE TRYING TO PLAN A  LOT OF WHEAT IN DIFFERENT PARTS OF THE COUNTRY. MAYBE THE STORY IN CORN IS VERY BULLISH AS BOB  HAD MENTIONED LATER TODAY IF YOU HAVE TO SELL CORN TO THE YOU'RE GOING TO BE DISAPPOINTED A  YEAR FROM NOW THE CORN STORY COULD LOOK A LOT BETTER IF WE HAVE A HIGHER WHEAT MARKET AND  WE SWITCH ACRES THAT WAY. YEAH. YEAH AND YOU AGREE WITH THAT. YEAH. I THINK THE STORY FOR  CORN IS POST AUGUST OK. IT'S IN WHEN WE ACTUALLY SEE THE CROP IS MAYBE NOT THE WE SEE ALL THE  HOLES AND THE START COMBINE THE BIN DOORS SHUT. AND THEN IF WE HAVE A LITTLE SOUTH-AMERICAN  WEATHER PROBLEMS AND THE CURRENCIES BASICALLY DOLLARS WE COULD GET A REALLY STRONG COUNTER  SEASONAL BOUNCE. BUT THAT'S LONG TIME TO WAIT DOESN'T LIKE THE WAY THE BOWL WANTS TO SEE IT  TOMORROW. AND I THINK I THINK CORN HAS TO BE PATIENCE AND I THINK BEANS YOU'VE GOT TO WATCH  YOURSELF DON'T GET TOO BULLISH THIS IS A GREAT CATCH UP RALLY. BUT SOON AS WHEATS OVER. CORN  AND BEANS IF IT DOESN'T MATTER WHETHER CORN AND BEANS CORN I THINK WILL DRY UP RELATIVELY  QUICKLY AND THE CASH PRESSURE COMES IN SO DON'T GET TOO BULLISH. ALL RIGHT. AND YOU HAVE  SOMETHING YOU WANT TO SAY HI TO BEFORE. YES I SAWYER. I HAD A GRANDDAUGHTER BORN LAST WEEK  AT 10 A.M. ON TUESDAY. HOPE THINGS GO WELL KNOW WHEN YOU GET TO MY AGE. SAVE THAT  MONEY. GOOD ADVICE BOB THANKS FOR BEING HERE GUYS. WE'LL BE BACK WITH MORE IN JUST A  MINUTE.  GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

WILDFIRE RELIEF CHALLENGE
COMING UP DURING THE HOLIDAY WEEK WE'LL HAVE A COUPLE OF SPECIAL  EDITIONS OF AGDAY INCLUDING ON JULY 5TH AN ENTIRE SHOW DEDICATED TO  THE WILDFIRE RECOVERY IN THE SOUTHERN PLAINS. OUR CORPORATE COUSINS AT DROVERS AND THE FARM JOURNAL FOUNDATION  HAVE TEAMED UP WITH THE HOWARD G BUFFETT FOUNDATION TO HELP  RANCHERS REBUILDING FENCING. TAKE A LOOK AT THE RESPONSE FROM ACROSS FARM COUNTRY. SO FAR, NEARLY 650-THOUSAND DOLLARS HAS COME IN. AND WITH IT NOTES LIKE THIS ONE... TEARS OF SORROW ARE SHARED WITH THESE FAMILIES WHO HAVE BEEN HARD  HIT. A SMALL TOKEN OF SHARING WILL HOPEFULLY BE A BLESSING FOR THESE  PEOPLE. OR THIS ONE FROM MILTON GRANGE WHO DECIDED TO MATCH THE MONEY  RAISED BY A RECENT RAFFLE. HE TOLD PARTICIPANTS THEIR MONEY WOULD BE QUADRUPLED THANKS TO THEWILDFIRE RELIEF CHALLENGE. TO LEARN MORE GO TO WILDFIRE RELIEF FUND DOT ORG.

TEASE
IN THE MARKET FOR A USED COMBINE? DON'T GO AWAY AS MACHINERY PETE  LOOKS INTO HIS VAST DATA BANK TO LET YOU KNOW WHAT YOU MIGHT BE  PAYING. AND WILL YOU BE FIRING UP THE BARBEQUE TODAY? FARM BUREAU DID SOME  PRICE-COMPARISON AT THE SUPERMARKET TO SEE HOW MUCH IT'LL COST.

MACHINERY PETE
MACHINERY PETE DOESN'T JUST "KICK THE TIRES" AT AUCTION. HE GOES ARMED  WITH DATA. THIS MORNING HE OPENS THE BOOKS ON USED COMBINES. WELL HALFWAY THROUGH THE YEAR HERE FOLKS PRETTY GOOD TIME TO STOP  AND TALK ABOUT WHAT'S BEEN HAPPENING WITH USED MACHINERY VALUES.  NOW LET'S ZERO IN ON COMBINES. HERE'S A LOOK AT MY QUARTERLY MACHINE  PETE USE VALUES INDEX REPORT AND YOU CAN SEE USE COMBINE VALUES  UNDER A LOT OF PRESSURE THE LAST FIVE OR SIX YEARS BUT JUST STARTED TO  TICK UP A LITTLE BIT. END OF 2016. NOW THE LAST 30 DAYS WE'VE ACTUALLY  SEEN A SEVENTEEN POINT TWO PERCENT INCREASE IN THE NUMBER OF  SEARCHES ON USED COMBINES AT MACHINERY DOT COM AND I'LL HIGHLIGHT A  PAIR OF 2014 MODELS SOLD AT AUCTION LAST WEEK. HERE'S A PICTURE OF A  CASE IS 7230 525 ENGINE HOURS ON IT'S OVER 176 THOUSAND DOLLARS. FARM  AUCTION IN SOUTHWEST MINNESOTA LAST TUESDAY. THAT'S PRETTY MUCH  RIGHT ON THE MONEY. I SAW A PAIR OF SIMILAR 72 THIRTY'S LAST DECEMBER IN  OHIO. THAT'S OVER 170000 AND A HUNDRED SEVENTY FIVE THOUSAND. NOW THE  NEXT DAY LAST WEDNESDAY CONSIGNMENT AUCTION BY RITCHIE BROTHERS IN  SOUTHEAST MINNESOTA IS 2014 S670 812 ENGINE HOURS ON IT SOLD FOR  HUNDRED AND TWO THOUSAND FIVE HUNDRED DOLLARS. AGAIN PRETTY MUCH  RIGHT ON THE MONEY AVERAGE AUCTION PRICE THE LAST 18 2014 MODELS I'VE  SEEN SOLD AVERAGE SALE PRICE ONE HUNDRED SIXTY SEVEN THOUSAND  SEVEN HUNDRED NINETY TWO DOLLARS. NEXT - IN CASE YOU'RE HEADED TO THE SUPERMARKET THIS MORNING, WE'LL  RUN DOWN THE CHECKLIST FOR YOUR SUMMER-TIME COOKOUT.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  LEARN MORE ABOUT  KUBOTA SSV SERIES SKID STEERS AT KUBOTA.COM. OR DEMO ONE AT YOUR  LOCAL KUBOTA DEALER TODAY. HERE WE ARE IN THE MIDDLE OF THE JULY 4TH HOLIDAY WEEKEND, I'M GUESSING  YOU'VE ALREADY HAD A COOKOUT. PERHAPS ANOTHER IS SCHEDULED FOR THE  NEXT COUPLE OF DAYS. SO, HOW MUCH IS IT COSTING YOU THIS YEAR? THE AMERICAN FARM BUREAU DID THE MATH FOR YOU. IT SAYS AN "ALL  AMERICAN JULY 4TH COOKOUT" IS ABOUT SIX DOLLARS A PERSON. SPECIFICALLY  FIVE-57 A PERSON. THE MENU INCLUDES HOT DOGS AND BUNS, CHEESEBURGERS AND BUNS, PORK  SPARE RIBS, DELI POTATO SALAD, BAKED BEANS, CORN CHIPS, LEMONADE,  CHOCOLATE MILK, KETCHUP, MUSTARD AND WATERMELON FODESSERT.. FARM  BUREAU SAYS THAT SIX DOLLAR PER PLATE PRICE TAG IS SLIGHTLY LESS THAN  LAST YEAR. HIGHER PRODUCTION PUSHED RETAIL MEAT PRICES DOWN. AND LARGE INVENTORIES OF CHEESE IS PUSHING THOSE PRICES DOWN. BUT IN-STORE WATERMELON PRICES ARE HIGHER. ENJOY....AND DON'T FORGET THE ANTACID.

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  FUN AND SAFE FOURTH OF JULY, AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS.

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