AgDay Daily Recap - March 16, 2017

March 17, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
MARCH 16, 2017


HEADLINES
INTEREST RATES ARE GOING UP--WHAT DOES IT  MEAN THE BOTTOM LINE. PLUS, AN UPDATE FROM THE FIRE RAVAGED FIELDS OF  KANSAS. IN AGRIBUSINESS...THE ACREAGE REPORT PREVIEW. ON DROVERS TV, A STRONG RUN FOR FEEDERS AS TRADE HELPS STABILIZE  MARKETS. AND A TRIPLE THREAT ON FARM AT A WISCONSIN DAIRY, AGDAY- BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

FED RAISING INTEREST RATES
GOOD MORNING I'M CLINTON GRIFFITHS.  THE FEDERAL RESERVE FULFILLING A  WIDELY EXPECTED MOVE WEDNESDAY - TO RAISE ITS BENCHMARK INTEREST  RATE. THIS IS THE SECOND HIKE IN THREE MONTHS. AND THE FED IS SIGNALLING THAT  MORE HIKES COULD BE FORTHCOMING. THEY INCREASED THE SHORT-TERM RATE BY A QUARTER POINT. IT'S STILL IN THE  THREE-QUARTERS TO ONE PERCENT RANGE. "THE ECONOMY CONTINUES TO EXPAND AT A MODERATE PACE. SOLID INCOME GAINS IN RELATIVELY  HIGH LEVELS OF CONSUMER SENTIMENT AND WEALTH HAVE SUPPORTED HOUSEHOLD SPENDING GROWTH.  BUSINESS INVESTMENT, WHICH WAS SOFT FOR MUCH OF LAST YEAR, HAS FIRMED SOMEWHAT. AND  BUSINESS SENTIMENT IS AT FAVORABLE LEVELS."RISING INTEREST RATES WILL CHANGE THE DYNAMIC OF THE FARM ECONOMY AS  THE COST OF BORROWING MONEY STARTS TO GO UP. ECONOMIST, BANKERS AND ANALYSTS ALIKE SAY ITS TIME TO PAY ATTENTION. AS THE FEDERAL RESERVE MEETS AND SETS A NEW DIRECTION -- FARM  COUNTRY IS WATCHING...BILL JOHNSON\ PRESIDENT CEO FARM CREDIT MID AMERICA "WE'RE SEEING MORE FARMERS COME IN FOR OPERATING LOANS WE'RE SEEING OPERATING LOANS A  LITTLE BIT LARGER. AND MORE BORROWING MEANS MORE EXPOSURE TO INTEREST RATE EXPENSES." MATTHEW MONTEIRO, VP FINANCE, FARM CREDIT MID-AMERICA "FARMERS ARE PARTICULARLY CONSERVATIVE, AND A LOT OF THEM HAVE FIXED RATES. SO A LOT OF THEM  ARE GOING INTO THIS ENVIRONMENT VERY WELL PREPARED AND THEY'VE ALSO PAID DOWN SOME OF THEIR LOANS SO THEY'VE HAD SOME EXCESS CAPACITY RIGHT NOW"ALTHOUGH SOME PRODUCERS ARE MORE VULNERABLE THAN OTHERS. "THAT WOULD BE EXISTING FARMERS LOOKING TO EXPAND PERHAPS, OR ALSO YOUNG FARMERS JUST NOW  GETTING IN."THOSE WITH FEWER ASSETS AND MORE DEBT ARE GETTING A CAREFUL EYE. CHARLIE MCCONNELL/SR VICE PRESIDENT, FARM CREDIT OF WESTERN ARKANSAS: "A PRODUCER THAT'S YOUNGER, IS NOT ACCUSTOMED TO SEEING HIGHER INTERST RATES. AND IT'S GOING  TO BE VERY INTERESTING TO FEEL OUT WHAT THEIR CASH FLOWS, WHAT THEIR MARGINS THAT THEY'VE  BUDGETED FOR CAN HANDLE IN TERMS OF INTERST RATES IF INTERST RATES GO UP A PERCENT, 2 PERCENT." BANKERS SAY ROLLING TO FIXED RATES MIGHT BE AN OPTION. "THAT PROTECTS YOU AGAINST THAT ELEMENT OF RISK GOING FORWARD. AND THAT'S AN IMPORTANT PART ESPECIALLY IF SOMEONE IS HIGHLY LEVERAGED. INTEREST EXPENSE IS A PRETTY BIG PIECE OF  OVERALL OPERATING EXPENSES."BUT HOW MANY RATE HIKES AND HOW HIGH IS STILL UP FOR DEBATE. ANDY SHISSLER: "IT WON'T MOVE UP FAST ENOUGH OR HIGH ENOUGH TO HAVE AN IMPACT, BUT YOU CAN SEE WHY  THERE'S THEY WOULD DO THAT, I MEAN THERE'S SO MUCH MONEY FLOWING TO THE U.S. IT'S RIDICULOUS, I MEAN WE'VE BLOWN EVERY HIGH OUT FOREVER, AND IT'S SO OVERHEATED, IT JUST LOOKS LIKE A DISASTER  WAITING OT HAPPEN TO ME."MIKE NORTH: "ANDY MAKES A GREAT COMPARISON TO THE 07 AND 08 MARKET. WE WERE HOT, HOT, HOT, AND WE BOILED RIGHT OVER, AND REMEMBER WHAT HAPPENED TO GRAIN PRICES THAT YEAR, WE TOOK CORN FROM  8.00 TO SUB 3.00 IN A MATTER OF MONTHS. IT HAPPENS REALLY FAST, SO WHEN THE MONEY FLOW TURNS  AGAINST YOU, IT'S LIKE TRYING TO STEP IN FRONT OF A BUS TRYING TO MAKE IT STOP. IT JUST DOESN'T  HAPPEN."ALL UNKNOWNS AS RISING INTEREST RATES SEEM TO MORE CERTAIN THAN  EVER. THERE WILL BE OPORTUNITIES TO EXPAND BUT YOU HAVE TO MAKE SURE YOU CAN SURVIVE  THROUGH THIS PERIOD TO MAKE SURE YOU'RE READY COMING OUT THE OTHER SIDE.

FUEL EFFICIENCY
THE WHITE HOUSE IS ORDERING A REVIEW OF FEDERAL RULES THAT WOULD  FORCE AUTOMAKERS TO DOUBLE FUEL EFFICIENCY IN CARS AND SUV'S. PRESIDENT TRUMP ANNOUNCED PLANS TO TOSS OUT THE NEWEST FUEL  EFFICIENCY STANDARDS THAT THE E-P-A UNVEILED, AND AUTOMAKERS AGREED  TO, IN 2012. THOSE STANDARDS WOULD REQUIRE AUTOMAKERS TO NEARLY DOUBLE  CURRENT STANDARDS. BY 2025 AUTOS ARE EXPECTED TO GET 54-AND-A-HALF  MILES TO THE GALLON AS A NATIONAL AVERAGE,

PURDUE DIVESTING BUSINESS INTERESTS
IN WASHINGTON AS WE WAIT FOR CONFIRMATION ON SONNY PERDUE'S NOMINEE  TO LEAD THE USDA. AS PART OF DEAL WITH THE OFFICE OF GOVERNMENT ETHICS,  PERDUE IS  PLANNING TO DIVEST FROM HIS BUSINESS INTERESTS AND RESTRUCTURE  FAMILY TRUSTS AS HE TAKES THE REINS. PERDUE WOULD ALSO LEAVE POSITIONS AT THE NATIONAL GRAIN AND FEED  ASSOCIATION, THE GEORGIA AGRIBUSINESS COUNCIL AND THE BIPARTISAN  POLICY CENTER, WHILE ALSO PUTTING HIS ASSETS INTO A BLIND TRUST. 

WILDFIRE DONATIONS
A HEAD OF USDA WOULD BE HANDY AS THE GOVERNORS FROM THE FOUR  STATES IMPACTED BY RECENT WILD FIRES ARE PUSHING USDA TO HELP WITH EMERGENCY DISASTER ASSISTANCE.  THE GOVERNORS OF OKLAHOMA, TEXAS, KANSAS AND NEW MEXICO SENDING A  LETTER TO ACTING SECRETARY OF AGRICULTURE, MIKE YOUNG ASKING FOR  RELIEF- THEY'D LIKE TO LIFT RESTRICTIONS ON CRP TO PROVIDE MORE LAND  FOR GRAZING. THAT COULD ALLOW TO MOVE CATTLE TO GROUND WHICH DIDN'T GET BURNED  BY THE BLAZE. "THE FIRST THING IS TO OPEN UP THE CRP GRAZING SO THE ANIMALS THAT  SURVIVED AND ARE GOING TO BE OK THAT MADE IT THROUGH THE FIRE THEY'RE  ON BLACK RIGHT NOW THEY DON'T HAVE ANYTHING VERY THANKFUL FOR ALL THE  HAY THAT'S BEEN SHIPPED IN BUT WE NEED TO BE ABLE TO GET THEM OUT ON  THAT DRY GRASS AND IF WE COULD OPEN THE CRP FOR MORE THAN JUST A SIX  WEEK PERIOD THAT'S WHAT THEY'RE TALKING ABOUT NOW BUT WE NEED IT  LONGER THAN THAT SO WE CAN ALLOW THIS GRASS TO RECOVER ENOUGH  BEFORE WE PUT THEM BACK ON THE GREEN GRASS THAT WE KNOW IS COMING  ONCE IT RAINS."BESIDES NEEDING CLARITY WITH FENCING PERIMETERS, RANCHERS SAY  FENCING SUPPLIES AND ASSISTANCE ARE NEEDED.  STRANGERS, FRIENDS AND THOSE IN THE AG. COMMUNITY ARE  DOING THEIR  PART, BRINGING IN SUPPLIES TO PRODUCERS IMPACTED BY THE KANSAS  WILDFIRES. HAY IS ONE OF THE SUPPLIES RANCHERS NEED.   HAULERS ARE TRAVELING NEAR AND FAR TO HELP OUT.  "I HAVE SOME NEIGHBORS WITH ME THEY'VE KIND OF ANSWERED THE CALL AND  WE ALL GOT TOGETHER AND PUT THIS THING TOGETHER AND WE LOADED UP  LAST NIGHT WE LEFT AT FOUR THIRTY THIS MORNING AND WE GOT HERE ABOUT  TWO O'CLOCK SO WE HAD A LITTLE TIRE TROUBLE BUT OTHER THAN THAT WE'RE  OKAY." "YOU JUST GOT TO HELP PEOPLE WHEN THEY NEED IT SO AND THIS WILL GO ON  YOU KNOW THIS THEY'VE GOT THE INFLUX OF IT NOW BUT THEY'RE GOING TO  NEED THIS HAY FOR A COUPLE OF MONTHS UNTIL THEY GET DECENT ENOUGH  GRASS TO GROW ANYTHING."ALBERS SAYS HAY ISN'T THE ONLY THING BEING DONATED. SOME ARE DONATING  FUEL TO HIM ALONG HIS TRAVELS AS WELL. THIS IS ONE OF THE MAIN DROP-OFF SITES HAY WHERE HAY IS BEING HAULED  FOR CLARK COUNTY, KANSAS.  HAY HAS BEEN COMING INTO THE AREA MORNING THROUGH NIGHT FROM ALL  ACROSS THE COUNTRY.  PRODUCERS IN THE COMMUNITY SAY THE RESPONSE IS OVERWHELMING AND  THE PHONE KEEPS RINGING. "AS YOU LOOK AROUND HERE WE'RE SEEING A LOT OF HELP BUT IT'S IT'S  THROUGH THE GRACIOUSNESS OF THE PEOPLE THAT HAVE HELPED US AND  THEIR OUT POURING OF LOVE AND HELP BUT IT'S OUR JOB TO CONTINUE  FORWARD AND THE DECISIONS WE MAKE FORWARD NOW AS WE REBUILD THAT'S  ON US TO HANDLE THAT AND MANAGE THAT PROPERLY.""BUT WE'RE LEARNING TO BE GRACIOUS RECEIVERS OF THAT HELP HAY IT'S COMING IN WE DON'T WANT TO TURN HAY DOWN BECAUSE EVEN IF WHEAT THIS  GRASS GROWS IF WE GET RAIN NEXT WEEK WE DON'T HAVE THE DRY MATTER  TONNAGE BECAUSE IT'S BEEN DESTROYED.SINCE THE AREA IS CONSIDERED CATTLE COUNTRY, PRODUCERS SAY THE HAY  WON'T LAST VERY LONG. RANCHERS SAY BESIDES HAY, FENCING SUPPLIES ARE A  NEED. GARDINER SAYS THERE ARE 625-THOUSAND ACRES IN CLARK COUNTY.  461- THOUSAND OF THOSE ACRES ARE IMPACTED. PRODUCERS TELLING AGDAY, THAT'S ROUGHLY 12-THOUSAND MILES OF FENCE.

CROP COMMENTS
MIKE HOFFMAN JOINS US WITH MORE FROM THE FIELD AND TODAY'S CROP  COMMENTS. GOOD MORNING CLINTON. COLD TEMPERATURES ARE HITTING PARTS OF DIXIE THIS WEEK. THE ALABAMA  FARMERS FEDERATION SAYS FARMERS WITH EARLY SEASON CROPS, LIKE  STRAWBERRIES, BLUEBERRIES AND PEACHES ARE MOST SUSPCEPTIBLE. IN THE  NORTHERN PART OF THE STATES, TEMPS DIPPED INTO THE LOW 20'S AND WERE  ONLY GOING TO GET INTO THE LOW 40'S ON WEDNESDAY. WE HAVEN'T RECEIVED  ANY REPORTS OF CROP DAMAGE. MEANWHILE WHEAT GROWERS IN ARKANSAS ARE WORRIED ABOUT THE  FREEZING TEMPS AS WELL.   TEMPS IN THE MID 20'S WERE HITTING THE  NORTHERN HALF OF THE STATE.  UNIVERSITY OF ARKANSAS EXTENSION  AGRONOMISTS SAY THE CROP HAS BEEN RUNNING AHEAD OF SCHEDULE...SO IT'S  CRITICAL TEMPS DON'T STAY TOO COLD FOR TOO LONG. 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
WHEN AGDAY CONTINUES WE TAKE A CLOSER LOOK AT THE UPCOMING ACREAGE  REPORT FROM USDA. WILL THEY HAVE ANY SURPRISES THAT ANALYSTS HAVEN'T  ALREADY SEEN? FROM DROVERS - WE LOOK AT BEEF EXPORTS AND HOW THEY FAVOR MARKETS. AND THIS DAIRY PRODUCER MIGHT WANT TO BUY A LOTTERY TICKET.  WE'LL TELL  YOU ABOUT THE ODDS HE JUST BUSTED. LATER ON AGDAY. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

AGRIBUSINESS
WINTER WHEAT CONDITION IN KANSAS IS MOSTLY FAIR TO GOOD.  TWO PERCENT  IS EXCELLENT.  FIVE PERCENT HAS REACHED THE JOINTED STAGE, IN OKLAHOMA - MOST OF THE CROP IS FAIR TO GOOD AS WELL.  82-PERCENT IN  THAT COMBINED CATEGORY. 22% OF THE CROP IS AT JOINTING STAGE. THAT'S  THREE PERCENTAGE POINTS AHEAD OF AVERAGE. IN TEXAS WINTER WHEAT CONDITION WAS RATED 75 PERCENT FAIR TO GOOD. FIVE  PERCENT IS EXCELLENT. THAT SAME REPORT SHOWS 80-PERCENT OF THE KANSAS TOPSOIL AND SUBSOIL  IS SHORT TO VERY SHORT IN MOISTURE. SPRING WEATHER WILL DEFINITELY PLAY A ROLL IN PLANTING. TYNE MORGAN GETS AN ACREAGE PREVIEW IN THIS MORNING'S ANALYSIS. HERE NOW WITH ANDY SHISSLER OF S AND W TRADING ANDY WHEN WE GO INTO THIS MARCH ACREAGE  REPORT AND WERE EXPECTING FROM USDA AT THE END OF THE MONTH A LOT OF UNKNOWNS A LOT OF  DEBATE GOING ON RIGHT NOW BUT WHAT DO THINK ACREAGE IS GOING TO BE WELL WERE SUPPOSED TO LOSE A BUNCH OF CORN ACRES THIS YEAR. I THINK ROTATIONAL IT WOULD MAKE SENSE. LAST YEAR WERE  HAVING BEAN 'S A LOT OF FARMERS JUST FROM FINANCING HAVE MOVE MORE TOWARDS LIKE A FIFTY FIFTY  ROTATION IN AND SO TO EDGE DOWN TOWARDS NINETY MILLION OR LESS IS IT 'S A PRETTY STRONG  POSSIBILITY AND IF THAT 'S A CASE YOU FIGURE WE'RE GONNA TAKE SIX SEVEN HUNDRED MILLION  BUSHELS OUT OF THE CORN CARRY OUT. I THINK IT PUTS US IN A PRETTY DYNAMIC PLACE GOING INTO THE  SUMMER SO THEN IT COMES IN TO THE WEATHER AND WE HAD A PRETTY WARM WINTER AS WELL AS A  PRETTY DRY PROFILE OUT WEST AND SO A LOT OF TIMES WHEN YOU SEE RIDGES COME EARLY IN THE PARTY  SCENE FROM RIDGES TO SHOW UP IN THE U S I THINK WE'LL SEE A LOT MORE HEAT THIS YEAR. SO I THINK  WE'RE IN THIS WE'RE IN THIS TRANSITION PERIOD. THE EVEN EL NINO AND MOVING INTO LA NINA WEATHER  WERE IN A STRONG LA NINA YET I'M NOT SURE BUT A LOT OF THE CHARACTERISTICS LOOK LIKE MEANER OUR  WEATHER AND THE SUMMER SO I I THINK IF WE NARROW IN ON EIGHTY EIGHT TO NINETY MILLION ACRES I  THINK WE'RE ABSOLUTELY GOING TO TRADE FOUR FIFTY ON CORN IF NOT A LITTLE BIT HIGHER IF THE WEATHERS  EXTREME. YEAH I THINK THE MARKETS REALLY BEARISH ON THE CORN SIDE A AND I DON'T THINK IT SHOULD  BE THAT BEARISH BUT BECAUSE IT HAS BEEN SO MILD THAT WE'VE SEEN A LOT OF PEOPLE GOING TO BE A  WORK IN REALLY PREPPING SO THE END OF THE DAY DO YOU THINK MAYBE THAT COULD BRING A LITTLE BIT  MORE CORN ACRES IN TO THE MIX IT SHOULD. WE USUALLY HAVE A HARD TIME LOSING OUR CORN ACRES.  SO I THINK THE WEATHER SHOULD BE GOOD ENOUGH THAT WE KEEP A LOT OF IT BUT AGAIN ROTATIONALLY A  LOOK AT THE SOUTH FEEL LIKE THE LAST MAYBE EVEN UP NORTH WILL BE HARD TO GET ALL THOSE ACRES  NINETY FOUR MILLION JUST ON THAT AWFUL LOT THAT'S A LOT ON HAND AND FINANCING IS AN ISSUE THIS  YEAR. AS WELL SO AND I I THINK IT 'S NINETY NINETY ONE I THINK YOU SHOULD BE BULLISH CORN SO YOU  DO THINK THERE COULD BE A BULLISH STORY IN CORN THIS YEAR I THINK THERE IS A MOST ARE ALREADY ON  AND I THINK WE'RE GONNA HIT SOME PRICES ARE A LOT HIGHER THAN PEOPLE THINK ALL RIGHT ANDY  SHISSLER STAY WITH US WE'LL HAVE MORE AG DAY WHEN WE COME BACK FOR ONE ON ONE MARKETING ADVICE CALL ANDY SHISSLER WITH S & W  TRADING AT 312-506-3888.

WEATHER
WELCOME BACK TO AGDAY MIKE HOFFMAN JOINING US TODAY MIKE IF WE LOOK AT THE WEATHER PATTER N  ARE WE SEEING ANYTHING DEVELOP THAT WE CAN CALL HEY THIS IS SPRING JUST AT TIMES THEY WERE IN  A PATTERN NOW. ACROSS MOST OF THE GROWING AREAS IT 'S COMING GO BACK AND FORTH FOR A WHILE.  OK I KNOW YOUR GUESS IS IN COLD SPOT OF OLD TIMES BUT ALSO LITTLE WARM UP PRETTY QUICKLY. AND  WERE SEEING THAT RIGHT NOW THESE TWO DOMES OF HIGH PRESSURE PRODUCING SOME CHILLIER THAN  NORMAL TEMPERATURES FROM THE GREAT LAKES ALL THE WAY INTO THE SOUTHEAST IS WE START THE DAY  TODAY BUT THE WARM FRONT 'S GONNA BRING A BIG TIME WARM UP FOR A LEAST A COUPLE OF DAYS  ACROSS THE WESTERN PLAINS STORM SYSTEM IN THE NORTHEAST FINALLY GET COMPLETELY OUT OF HERE  ALTHOUGH THERE STILL SOME LINGERING LAKE EFFECT SNOW SHOWERS IN PARTS OF THE EASTERN GREAT  LAKES AND NORTHEAST EACH CAN SEE IS WE PUT THE MAPS INTO MOTION HIGH PRESSURE MOVING  THROUGH THE OHIO VALLEY 'S CONTINUING IN THE SOUTHEAST. SO YOU'RE SEEING A LOT OF SUNSHINE IN  THESE PLACES SO AFTERNOONS WILL BE TOO BAD. IT IS NIGHT TIME LOWS THAT REALLY GET YOU THERE'S THE  NEXT WARM FRONT MAINLY JUST CLOUDS AT LEAST TO START. IT WILL START TO MOISTEN UP A LITTLE BIT BUT  YOU CAN SEE SOME OF THAT GULF MOISTURE STARTING TO COME NORTHWARD TOWARD THAT LOW AND NO  OTHER HIGH PRESSURE BUILDING INTO THE PACIFIC NORTHWEST. ALTHOUGH WE DO SEE ANOTHER STORM  SYSTEM GOING TO BE APPROACHING AS WE HEAD INTO THE WEEKEND FOR THE NORTHWESTERN PORTIONS  OF THE COUNTRY FOR TOMORROW. THOUGH ALL WILL SEE SOME SCATTERED LIGHT SHOWERS. DEVELOPING  ACROSS THE CENTRAL AND NORTHERN PLAINS STATES OUT AHEAD OF THE WARMFRONT PUTTING BE MIXING  WITH SNOW OR SLEET IN SOME AREAS ESPECIALLY THIS MORNING. ANY CAN SEE AS WE HEAD THROUGH  THE AFTERNOON OUR MODEL SHOWING SOME SNOW EVEN INTO THE MOUNTAINS OF WESTERN  PENNSYLVANIA OUT AHEAD OF THAT WARM FRONT THAT WILL BE SOMETHING A WOODEN STICK AROUND  LONG BECAUSE OF WARM AIR WILL MELT RIGHT BEHIND IT AND THERE 'S THAT NEXT SYSTEM COMING INTO  THE PACIFIC NORTHWEST HIGH PRESSURE THOUGH COMES IN TO THE NORTHERN PLAINS. THIS IS NOT ART  THAT CARELESS A PACIFIC AIR SO IT'S NOT AS COLD AS THIS LAST BATCH THERE 'S A PRECIPITATION ESTIMATE OF THE PAST TWENTY FOUR HOURS STILL SOME AMOUNT SO SHOWING UP IN THE EASTERN LAKES IN THE  NORTHEAST AS WELL IS THE NORTHERN ROCKIES PACIFIC NORTHWEST ADDING IN THE NEXT THIRTY SIX HOURS  WERE MAINLY GOING AT IT THROUGH THE NORTHERN TIER OF STATES ARE GOING SEE A COUPLE OF SPOTS  THERE THROUGH THE SOUTHERN PLAINS AND MOST OF WHAT WE'RE SEEING IS ON THE LIGHT SIDE AS YOU  CAN SEE NOW CHECKING OUT SNOWFALL PAST TWENTY FOUR HOURS. IT 'S MAINLY BEEN AGAIN THE  EASTERN LAKES NORTHERN NEW ENGLAND THE REMNANTS OF THAT SNOW STORM A LITTLE BIT IN THE HIGHER  ELEVATIONS OUT WEST IN THAT SCAN OF THE TWO AREAS THAT WILL CONTINUE TO SEE A LITTLE BIT MORE  ALTHOUGH MICHIGAN WILL BEGIN THIS A LITTLE BIT AHEAD OF THAT WARM FRONT AND THAT WARM FRONT  CAUSING SEVENTIES AND EIGHTIES WESTERN PLAINS STILL CHILLY THOUGH FROM DIXIE ALL THE WAY INTO  THE GREAT LAKES IN THE NORTHEAST THAT CONTINUES WITH THE HIGHS TODAY BUT HIS BACKING OF THE  SIXTIES FOR MUCH OF TEXAS FOR THE LOWS AND THEN YOU CAN SEE HIGHS TOMORROW WE'RE LOOKING  MID SEVENTIES FROM OKLAHOMA SOUTHWARD STILL CHILLY THROUGH THE NORTHERN TIER OF STATES. THERE'S  THE JET STREAM HERE'S WHAT I'M TALKING ABOUT BALL BACK AND FORTH. EACH ONE OF THESE LITTLE  RIPPLES BRING A SHOT OF CHILLY AIR THAT IS REPLACED BY WARM AIR MORE CHILLY AIR. RIGHT BEHIND THAT  THAT 'S A LOOK ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS WHERE THE  BEND OREGON FIRST OF ALL MIXTURE OF CLOUDS SUNSHINE HIGH OF FIFTY THREE DEGREES GREAT BEND  KANSAS WARMER WITH TIMES OF SUNSHINE AND CLOUDS HIGH OF SEVENTY SEVEN AND SOUTH BEND  INDIANA LOTS OF SUNSHINE BIT MILDER IN THE AFTERNOON HIGH OF THE THIRTY SEVEN

TEASE
NEXT FROM DROVERS - FEEDLOT OPERATORS CONTINUE TO ENJOY THEIR RIDE  IN THE BLACK. PLUS - A DAIRY FARMER JUST BEAT THE ODDS THIS CALVING SEASON.  WE'LL TELL  YOU ABOUT THE 'TRIPLE PLAY' LATER ON AGDAY. AGDAY - BROUGHT TO YOU BY RESICORE HERBICIDE FOR CORN.  A UNIQUELY POWERFUL FORMULATION. EXTRAORDINARY POWER OVER WEEDS.

DROVERS TV
OUR PARNTERS AT DROVERS T-V SAY THE STRONGER TREND IN THE FED CATTLE  MARKET THIS YEAR CONTINUES TO REWARD CATTLE FEEDERS WITH EXCELLENT  PROFITS. IT'S NOW THE 16TH CONSECUTIVE WEEK OF POSITIVE FEEDYARD MARGINS, AND THERE'S PLENTY OF FUNDAMENTAL FACTORS THAT DESERVE  CREDIT. DROVER'S GREG HENDERSON SAYS SMALL MARKET-READY SUPPLIES OF FED  CATTLE AND GOOD CONSUMER DEMAND HAVE PLAYED A ROLE, BUT BOTH U.S.  BEEF EXPORTS AND IMPORTS HAVE WORKED IN THE MARKET'S FAVOR. " THE GENERAL RECENT TREND OF LARGER BEEF EXPORTS AND SMALLER BEEF IMPORTS CONTINUED IN  JANUARY. BEEF EXPORT TONNAGE WAS UP 21% IN JANUARY COMPARED TO A YEAR AGO, MAKING IT THE  LARGEST EXPORT MONTH SINCE 2001. BOTH JAPAN AND MEXICO RECORDED 41% INCREASES. EXPORTS  ACCOUNTED FOR 12% OF TOTAL BEEF PRODUCTION IN JANUARY, AND EXPORT VALUE PER HEAD WAS $256,  UP 7% FROM A YEAR AGO."HENDERSON SAYS BEEF IMPORTS ARE TRENDING IN THE OPPOSITE DIRECTION,  DECLINING 25% IN JANUARY. AND HE ADDS, BOTH THE INCREASE IN EXPORTS AND THE DECLINE IN IMPORTS  WILL HELP SOFTEN THE IMPACT OF THE EXPECTED FIVE PERCENT INCREASE IN  U.S. BEEF PRODUCTION DURING THE FIRST QUARTER OF THIS YEAR.

TEASE
UP NEXT - FIND OUT HOW A WISCONSIN DAIRY FARMER HIT THE JACKPOT DURING  CALVING SEASON. DETAILS AS WE HEAD IN THE COUNTRY.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN  MOWER AT KUBOTA.COM.GIVING BIRTH TO TRIPLETS IS NOT AN EVERYDAY OCCURRENCE ON A DAIRY  FARM. BUT ONE DAIRY FARMER IN SOUTHWEST WISCONSIN JUST HIT THE  JACKPOT.  FIND OUT HOW HE BEAT HTE ODDS IN THIS VIDEO PROVIDED BY THE  WISCONSIN MILK MARKETING BOARD. DALE TORGERSON WORKS AROUND THE CLOCK TO PROVIDE FOR HIS DAIRY HERD, AND WHEN ONE OF HIS  COWS STARTED GIVING BIRTH HE GAVE HER A LITTLE EXTRA ATTENTION! "I SEEN THE FIRST CALF, AND SHE  PLOPPED IT RIGHT OUT, AND I KEPT DOING CHORES, AND I WALKED OVER AND ACTUALLY GOT AN EAR TAG  FOR HER, AND I TURNED AROUND AND ANOTHER CALF IS COMING OUT." THAT'S RIGHT, TWIN GIRLS! AND AS  DALE SHARED THE NEWS WITH HIS WIFE VIA TEXT MESSAGE, HE WOULD SOON HAVE TO SEND ANOTHER  TEXT. "I JUST COULDN'T BELIEVE THAT THERE WAS THREE OF THEM AND THEY WERE ALL ALIVE! AND THEN  WHEN THEY WERE THREE GIRLS, THAT WAS KIND OF NEAT." NEAT IS A BIT OF AN UNDERSTATEMENT… HEALTHY TRIPLET CALVES ARE PRETTY RARE; BUT, A TRIO OF HEALTHY HEIFER CALVES IS EVEN MORE RARE!  "TWINS ARE ABOUT A …ONE TO ABOUT A ONE HUNDRED FIVE THOUSAND. SO IF YOU LOOK AT JUST TRIPLETS  IN GENERAL, THEIR RARITY IS BETWEEN ONE IN 700, 000, AND ONE IN 800,000 WHEN YOU GO TO THE  FEMALE VERSION ONLY. SO THREE FEMALES." TRIPLET CALVES ARE RARE, AND TRIPLET HEIFER CALVES ARE  RARER STILL!  THREE FEMALES MEAN THEY ARE MORE LIKELY TO BE REPRODUCTIVELY SOUND AND CAN  PRODUCE MILK. IF THERE IS A MALE IN-UTERO, IT'S A DIFFERENT STORY. "THE MALE BLOOD STREAM IS FILLED  WITH AN ANTIGEN CALLED HY OR FOR EASY TERMS, TESTOSTERONE. THE MALE FORM WILL THEN SEND THAT  ANTIGEN OVER TO THE FEMALE AND SHE CAN NEVER HAVE ANY OFFSPRING."LUCKILY FOR THE TORGERSONS,  THEY HAVE THREE VERY HEALTHY HEIFER CALVES TO ADD TO THEIR HERD!AND THAT'S WISCONSIN DAIRY  NEWS.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY, I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. 

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