AgDay Daily Recap - May 25, 2017

May 25, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
MAY 25, 2017


HEADLINES
TEAM TRUMP HEADS TO CAPITOL HILL TO DEFEND  HIS BUDGET. "WHAT WE DID HERE WAS TRY AND CHANGE THE WAY THAT WASHINGTON LOOKS AT SPENDING."   "THE  LEVEL OF CUTS TO INVESTMENTS THAT AMERICANS NEED IS ASTONISHING AND FRANKLY IMMORAL."  DIGGING INTO DAIRY FROM THE INDY 500...PLUS, MARKETING STRATEGIES IF  YOU'RE STILL HOLDING OLD CROP CORN. THE DROVERS TEAM IS CHARTING  CATTLE MARKETS AND FALL EXPECTATIONS. AND COULD THIS BE THE LINK TO  BETTER LEARNING-- A PROGRAM FROM MISSOURI. AGDAY-BROUGHT TO YOU BY  THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

SONNY PERDUE AND THE TRUMP BUDGET
GOOD MORNING I'M CLINTON GRIFFITHS. AG SECRETARY SONNY PERDUE GOES  BEFORE THE CONGRESSIONAL PANEL THAT CONTROLS THE PURSE  STRINGS...TRYING TO EXPLAIN THE PRESIDENT'S PROPOSED BUDGET AND THE  CUTS THAT COULD IMPACT AGRICULTURE. PERDUE - ALONG WITH USDA CHIEF ECONOMIST ROBERT JOHANNSEN AND USDA  BUDGET DIRECTOR MICHAEL YOUNG - TESTIFIED TO MEMBERS OF THE HOUSE  APPROPRIATIONS COMMITTEE. THIS HEARING COMES A DAY AFTER THE WHITE HOUSE RELEASED ITS PROPOSED  FOUR TRILLION DOLLAR BUDGET. A BUDGET AIMED AT CUTTING FEDERAL SPENDING.  IT CUTS 231 BILLION DOLLARS  FROM MANDATORY FARM BILL SPENDING OVER TEN YEARS.  I THINK THE 14 FARM BILL WAS VERY WISE IN IT'S CONSTRUCT OF MOVING AWAY  FROM THE DIRECT PAYMENTS INTO A ARC AND PRC TYPE PROGRAM I'LL SIDE  WITH CROP INSURANCE GIVING MUCH OF THE RESPONSIBILITY OF PROVIDING  FOR THAT SAFETY NET TO THE FARMERS THEMSELVES.  THE TRUMP ADMINISTRATION WANTS TO REDUCE SPENDING ON THE FARM  SAFETY NET, GOVERNMENT FOOD PROGRAMS, RURAL DEVELOPMENT AND  FOREIGN MARKET PROMOTION.  THOSE CUTS CAN ONLY HAPPEN BY REWRITE OF THE FARM BILL. PROPOSED CUTS TO FOOD PROGRAMS, LIKE SNAP, DREW HEAVY CRITICISM  FROM DEMOCRATIC LAWMAKERS REPRESENTING URBAN DISTRICTS. "MY HOPE IS THAT THIS BUDGET DOCUMENT IS DEAD ON ARRIVAL BECAUSE I  BELIEVE IT CRUEL I BELIEVE IT HEARTLESS AND I BELIEVE IT INHUMANE.""AND AS YOU CORRECTLY POINTED OUT MR. SECRETARY ONE OF THE MAIN  PURPOSES OF THE FOOD STAMPS IS WHEN UNEMPLOYMENT GOES HIGH WELL  UNEMPLOYMENT IS BACK DOWN AND THE FOOD STAMP PROGRAM IS SO I'M GLAD  THE ADMINISTRATION IS RESTORING SANITY TO THAT PROGRAM."PRESIDENT TRUMP'S BUDGET  CHIEF IS DEFENDING THE PRESIDENT'S PLANS TO  CUT SOCIAL PROGRAMS AS A MEANS TO INCREASE ECONOMIC GROWTH. BUDGET DIRECTOR MICK MULVANEY TOLD THE HOUSE BUDGET COMMITTEE  THAT  HE WENT "LINE BY LINE" THROUGH THE FEDERAL BUDGET AND ASKED "CAN WE  JUSTIFY THIS TO THE FOLKS WHO ARE ACTUALLY PAYING FOR IT?" BUT DEMOCRATS TOLD MULVANEY THAT CUTS TO FOOD STAMPS, PAYMENTS TO  THE DISABLED, AND OTHER PROGRAMS ARE - QUOTING NOW - "ASTONISHING AND  FRANKLY IMMORAL." REP. PRAMILA JAYAPAL, (D) WASHINGTON:  "THIS BUDGET STARTS BY TAKING AWAY HEALTHCARE, THEN FOOD, THEN HOUSING THEN EDUCATION THEN JOB OPPORTUNITIES. FOR NEARLY EVERY AMERICAN  FAMILY STRUGGLING TO GET AHEAD. THIS BUDGET MAKES THAT MUCH HARDER IF NOT IMPOSSIBLE." <MICK MULVANEY: OMB DIRECTOR: "FOR THE FIRST TIME EVER, PRESIDENT TRUMP, THE FIRST  PRESIDENT OF EITHER PARTY, IS PROPOSING A NATIONAL PAID PARENTAL LEAVE PROGRAM. WE HAVE $20  BILLION IN THIS BUDGET TO DO THAT. WE DON'T TOUCH SOCIAL SECURITY AND MEDICARE, FOLLOWING  THROUGH ON HIS CAMPAIGN PROMISES. AND WE'RE ABLE TO DO ALL OF THAT AND STILL BALANCE."MEANWHILE, UNCERTAINTY IN WASHINGTON, SENDING THE DOLLAR ON A WEEK  OF SHAKY TRADE. HOWEVER, THE CURRENCY FINDING FOOTING ON WEDNESDAY, AS THE FEDERAL  RESERVE RELEASED MEETING NOTES, SIGNALING A JUNE RATE HIKE IS LIKELY.

MILK ON THE WORLD MARKET
BUT IT'S A WEAKER U-S DOLLAR OFFERING DAIRY FARMERS A FAVOR, AS IT MAKES  U-S MILK MORE ATTRACTIVE ON THE WORLD MARKET.  TYNE MORGAN JOINS US FROM THE INDIANAPOLIS 500 TRACK, AS DRIVERS ARE  PREPARING FOR RACE WEEKEND, WHERE THE WINNING DRIVER WILL RECEIVE A  QUENCHING GLASS OF MILK. TYNE.   HERE NOW WITH MIKE NORTH COMMODITY RISK MANAGEMENT GROUP AND WORK HERE IN THE WINNER 'S  CIRCLE OF THE INDY FIVE HUNDRED SPEEDWAY EACH YEAR. THE WINNER 'S DRINK MILK AND SO THAT 'S  GOING TO BE THE TOPIC OF OUR CONVERSATION FOR TODAY 'S MARKETING DISCUSSION. I MEAN MIKE  WHEN WE LOOK AT THIS MILK SUPPLY IT JUST CONTINUES TO GET BIGGER IT DOES. IT IS ON A RACE OF ITS  OWN AND THE REALITY IS THAT THIS MARKET IS NOT SEEING ANY END IN SIGHT. THE THE REALITY FOR US IS  WE HAVEN'T GONE LOW ENOUGH TO TAKE PROFITABILITY DOWN FAR ENOUGH TO DISINCENTIVIZE THE  DAIRYMEN. FROM KEEPING COWS IN ADDING COW TO THE HERD SO COW NUMBERS CONTINUE TO GROW.  THERE 'S AMPLE FEED SUPPLY. WE HAVE GREAT MANAGERS ARE PRODUCTIVITY CONTINUES TO RISE BIG  SUPPLIES LOOMING AND THAT WILL HANG OVER OUR HEAD ALL THROUGH THE COURSE OF THE SUMMER BUT  MIKE WE HAVE SEEN IMPRESSIVE EXPORTS BUT IT 'S NOT BEEN ENOUGH TO HELP OFFSET THE INCREASE  IN SUPPLY IT HASN'T OF YET. HOWEVER AS WE AS WE LOOK FORWARD PERHAPS THIS CHANGING VALUE OF  U S DOLLAR OPENED SOME DOORS. BUT IF YOU LOOK AT THE LAST COLD STORAGE REPORT WE HAD BUTTER  INVENTORIES RISING ALBEIT NOT AS LARGE AS THEY COULD HAVE. WE HAD CHEDDAR EXPLOD AND SO  AMERICAN CHEESE INVENTORIES ARE VERY LARGE AND THAT 'S GONNA BE A PROBLEM FOR US AS WE GO  FOR IT. WE'VE REALLY SEEN THE EXPORTS HELPED OFFSET SOME OF THIS INCREASE IN GROWTH  DOMESTICALLY. SO THEN WHAT 'S YOUR OUTLOOK ON PRICES FOR THE REST OF THE REST OF TWENTY  SEVENTEEN MUCH LIKE TWENTY SIXTTEEN. I SEE SOME VOLATILITY HAD FOR US. I SEE SOME POSSIBILITIES  FOR PRICES TO MAYBE MOVE UP INTO THAT AT NINETEEN DOLLARS TERRITORY. BUT AT THE SAME TIME WITH  HIS LARGE DOMESTIC INVENTORIES WE HAVE THE RISK OF RETURNING BACK TO VALUES OF THIRTEEN AND  FOURTEEN DOLLARS SO HOW'D HE MANAGE THAT RISK I HONESTLY LIKE OPTION STRATEGIES THAT PASSED  RIGHT HERE WE'VE GOT A SEVENTEEN DOLLAR BECAUSE YOU HAVE THE FLEXIBILITY YOU CAN MANAGE  DOWNSIDE RISK WHILE MAINTAINING ENOUGH NIMBLENESS IN THE MARKET EXPERIENCED TOPSIDE. IF IT  COMES. THAT 'S WHY I LIKE THE OPTION STRATEGIES HERE. I THINK THERE 'S A GREAT AFFORDABILITY  INSTANCE SPREADS AND POSSIBILITIES FOR GUYS TO LOCK IN PROFITABILITY EXTEND THAT IF IT GOES UP AND  PROTECT THEMSELVES FROM THE DOWNSIDE BECAUSE WE SEE SOME OF THESE CATTLE PRODUCERS AS  THESE PRICES HAVE CONTINUED TO GO ON UP THEY THEY THEY LOST THAT THEY MISSED OUT ON THAT  OPPORTUNITY HERE SAY DON'T GET CAUGHT THAT SAME SITUATION AND THAT 'S EXACTLY WHY WE LIKE  OPTIONS AT THE LIVESTOCK MARKET IS A IS A GREAT CASE STUDY IN WHY YOU WANNA KEEP THAT TOP  SIDE NIMBLENESS HERE ALL RIGHT. THANKS. MIKE STAY WITH US. WE'RE BACK WITH MORE AGDAY IN JUST  A MOMENT.  THANKS, TYNE AND MIKE. MAKE SURE TO TUNE INTO AGDAY TOMORROW MORNING.  BETSY JIBBEN TAKES US TO THE FARM OF HTE 2017 INDY 500 MILKMAN, WHO HAS  A BIG JOB THIS WEEKEND... REWARDING THE WINNING DRIVER WITH A COLD  GLASS OF MILK. WE'LL INTRODUCE YOU TO THE MAN BEHIND THE MILK TOMORROW ON AGDAY.

CROP COMMENTS
MIKE HOFFMAN JOINS US NOW WITH A LOOK AT FIELD CONDITIONS ACROSS THE  COUNTRY.HE HAS TODAY'S CROP COMMENTS. HELLO CLINTON. WE CONTINUE TO HEAR ABOUT FLOODED FIELDS AND REPLANTING ALL OVER THE  CORN BELT-- BUT THERE ARE SOME GOOD POCKETS TOO. DICK OVERBY SENT US THIS PHOTO FROM HIS FIELDS IN MINNESOTA. HE SAYS IT'S A GREAT STAND OF CORN BUT THEY COULD SURE USE SOME SUN AT  THIS POINT. ACCORDING TO THE LATEST USDA NUMBERS HIS STATE IS 94 PERCENT PLANTED-- 8 POINTS AHEAD OF THE FIVE YEAR AVERAGE. AND RAFE BANKS SENT US THESE PHOTOS FROM CLARKEDALE ARKANSAS. HE SAYS CROP CONDITIONS ARE GOOD CRITTENDEN COUNTY...AND HE'S KNOW'S  THEY'RE LUCK. JUST TO NORTH OF THEM IS WHERE ALL THE FLOODING WAS A FEW WEEKS BACK. HE SAYS COTTON AND SOYBEANS LOOK GOOD BUT THEY COULD ACTUALLY USE A  RAIN TO ACTIVATE SOME HERBICIDES THEY HAVE DOWN. NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
WHEN WE COME BACK BOB UTTERBACK WILL BE HERE WITH TIPS FOR  MARKETING THAT OLD CROP CORN STILL SITTING IN THE BIN. AND LATER, TAKE A SEAT FOR LEARNING--THESE KIDS ARE STAYING LATE FOR A  LITTLE EXTRA EDUCATION. WE'LL TRAVEL TO THE SHOW ME STATE TODAY ON IN  THE COUNTRY. FAST PACE WITH DESIGN-MATCHED TRANSMISSIONS FOR INTUITIVE STEERING...PERFECT CUT FOR A  CARPET-LIKE FINISH...AND SWEET RIDE WITH A COMFORT-FOCUSED SEAT.  GRASSHOPPER MOWERS ARE  COMMITTED TO THE CUT.

FLOOR OF THE CME
IN AGRIBUSINESS IT A MOSTLY UNEVENTFUL DAYS IN MARKETS--LETS SEE WHERE  THINGS STAND ON THE FLOOR OF THE CME WEDNESDAY'S GRAIN WELL WE SEE MARKETS THAT ARE VERY MUCH READY TO  RUN THE CENTERLINE AND OF COURSE WHY WELL A IT'S BEEN EXTREMELY QUIET  ANYWAYS AND OF COURSE WE'VE GOT THE HOLIDAY WEEKEND COMING UP  YOU'VE GO MAYBE WEATHER MAYBE NOT WEATHER THERE'S A WHOLE BUNCH OF  THINGS GOING ON BUT I THINK AT THE END OF THE DAY WHAT WE'RE REALLY  SEEING IS THE GRAINS ARE HOLDING EXACTLY WHERE THEY SHOULD BE  HOLDING AS WE TAKE A LOOK AT CATTLE CATTLE IS CONTINUE TO DO AS WE  SUSPECTED IT SELLING OFF NOW AGAIN IT WAS MUCH LOWER AND HAD A LITTLE  BIT OF A RALLY BACK IN BUT WE STILL LOOK FOR PRETTY MUCH LOWER PRICES I THINK IF YOU LOOK AT THE BIGGER PICTURE PROBABLY ANOTHER 4 TO 5  PERCENT ON THE DOWNSIDE WE WOULD TARGET SOMEWHERE IN THE 130 TO  HIGH 120 IN THE FEEDERS WE'RE LOOKING FOR THE 114 115 IN THE FAT CATTLE  HOGS REMAIN STUBBORNLY HIGHER HERE AND NOW ARE AT THE 80 LEVEL AGAIN  I LOOK FOR HOGS TO FALL BACK I'M LOOKING FOR 72 BEFORE I'M LOOKING TO BE  A HIGHER HERE THAT'S THE WAY I SEE IT THIS IS TODD HORWITZ COMING TO THE  FLOOR OF THE CME GROUP IN CHICAGO

AGRIBUSINESS
BOB UTTERBACK UTTERBACK MARKETING OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. BOB LET'S  TALK ABOUT MAYBE SOME OF THE CROP WE STILL HAVE IN BIN 'S BECAUSE THERE 'S A BIT OF THAT OUT  THERE IS WELL. HOW DO WE MAKE DECISIONS OVER THE NEXT FIVE WEEKS TO TWO MONTHS I THINK WE  HAVE THAT SITUATION IN CORN EITHER YOU'VE SOLD A LOT IN GOOD SHAPE IN AND YOU'RE SAYING WHAT'S  THE BIG DEAL PRICES SHOULD GO HIGHER OR YOU HAVE GOT HARDLY ANYTHING SOLD AND I THINK THERE 'S  IN THE CORN MARKET THERE 'S AN UNHEALTHY AMOUNT OF OLD CROP CORN IN THE BEND WAITING TO BE  SOLD ON A SUMMER BOUNCE OR THEY'VE TAKEN DELIVERED CORN TAKEN BASES CONTRACTS. OK. SO  THERE ARE LONG THE MARKET SO YOU ALMOST HAVE TO SEPARATE THOSE TWO ISSUES. IF YOU HAVE CORN  IN THE BIN AND YOU'RE GONNA HAVE TO SELL CASH FLOW BETWEEN OVER THE NEXT TWO MONTHS. IF THE  BOARD RALLY 'S BASIS IS GOING TO WIDEN SO RIGHT NOW ON THESE LOW PRICES I WOULD ARGUE IF YOU  KNOW YOU'RE GONNA MOVE I WOULD RATHER PRICE OUT THE BASES. AND MOVE THE PRODUCT CAN PUT IT  ON A PAY PER POSITION AND BE LONG. THE PAPER HAD THE EMOTIONAL ANXIETY. THE FRUSTRATION SURE.  BUT YOU KNOW YOU LOSE LESS MONEY ON THAT PAPER POSITION THAN YOU ON A GRAIN BIN SO I WANT  YOU TO MOVE THE PRODUCT AND HAVE IT DONE YEAH GET IT OFF. GET OFF THE BOOKS THAT IF HE CAN'T  MOVE IF YOU CAN'T GO TO THE PAPER CAUSE. HE JUST I JUST CAN'T. I THINK YOU GOTTA AT LEAST BE ON  YOUR BASIS EXPOSURE. GET YOUR BASIS LOCKED IN BECAUSE OF MARKET RALLY CITING BASIS WILL WIDEN  AND YOUR NET WILL NOT BE THAT MUCH BETTER OFF THE BEST WAYS TO GET A BASE OF WHAT LOCKED IN  AND LOCK IN THE BOARD PRICE I'D SAY BETWEEN THE THIRD WEEK OF JUNE THROUGH THE SECOND WEEK  OF JULY AT YOUR TIME WINDOW IF YOU CAN'T GET TO CORN TO SOMETHING BY THEN YOU'RE NOT DOING IT  NOW WE KNOW BEANS IS NOT A LATE JULY INTO MID AUGUST AND SO THE BEANS IS ACTUALLY MORE  DANGEROUS BECAUSE WE GET MORE ACRES PLANTED AND WERE IN A BUILDING STOCK SITUATION WERE  THINKING CHINA'S HOME BE OFF SET BUT THE BIRDS AT THE BEANS I THINK A MORE NEGATIVE THIS YEAR.  CORN 'S A MORE POSITIVE I I I LIKE I GOT MY FEED NEED BOUGHT ABOUT BUT I DO MY RE OWNERSHIP.  HOPE IN CORN RALLYS NEXT FORTY FIVE WEEKS BUT THEN MENTALLY I WOULD BE READY TO SELL IT IN THIRTY  O SEVENTEEN HK UP AND PRODUCE RIGHT NOW I WANT LATE JUNE EARLY JULY WHEN HE IS IN PRICE  ALRIGHT THERE'S SOME STRATEGIES THERE 'S TOOLS FOR THE TOOLBOX APPRECIATE IT BOB WE'LL BE BACK  WITH MORE AGDAY IN JUST A MINUTE.  TO TALK WITH BOB ONE ON ONE CALL UTTERBACK MARKETING SERVICES TOLL  FREE AT 800-832-1488. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN MIKE LOOKING AT THIS SYSTEM OUT IN THE  EAST. IT LOOKS LIKE IT'S PUTTING DOWN A FAIR AMOUNT OF RAIN YEAH IT HAS IT IS GOING TO START MOVING  MORE QUICKLY. THOUGH WHICH WILL HELP OUR FOLKS IS THEY SEE THE RAIN FARTHER EAST AND SOME  STORM SYSTEMS OUT WEST NOT A LOT OF MOISTURE WITH THOSE SYSTEMS OUT THERE. BUT THE LIST WAS  PUT DOWN A LOT OF RAIN ALREADY YOU CAN SEE. THOUGH IT IS FINALLY MOVING OFF. THE EAST HAS BEEN  SET THERE FOR A COUPLE OF DAYS. BUT SHOWERS AND THUNDERSHOWERS FROM THE MID ATLANTIC ON UP  THROUGH THE EASTERN GREAT LAKES AND NEW ENGLAND A FEW THUNDERSTORMS AND IN CENTRAL AND  SOUTH FLORIDA MOVING AWAY AT LEAST A LOT OF THE DROUGHT AREAS DOWN ON THE FAR SOUTHEAST DID  GET SOME RAIN OUT OF THE SYSTEM AS IT MOVES AWAY HIGH PRESSURE THEN DOMINATED IN THE  MISSISSIPPI VALLEY LATER ON TODAY KEEPING A DRY NEXT SYSTEM IT LIKE I SAID DOES NOT A LOT OF  MOISTURE WILL END DOES LOOK LIKE A PICKS MUCH UP FOR A WHILE THERE'S TOMORROW MORNING JUST A  FEW SPOTTY SHOWERS IN THE NORTHERN PLAINS WITH THAT SYSTEM AND NO ONE IN NEVADA AND  CALIFORNIA REALLY ARE JUST NOT PUTTING DOWN ANY RAIN AT ALL. HEADING THROUGH THE DAY TOMORROW  AND WE'LL SEE THAT EASTERN SYSTEM FINALLY START TO EXIT. YOU'LL STILL GET RAIN. MOST OF THE DAY  THOUGH IN MAINE WILL BE ENDING NOW MORE QUICKLY FARTHER WEST. SOME SHOWERS DEVELOPING  ALONG THIS COLD FRONT BUT THEN YOU CAN SEE THEY'RE KIND OF SCATTERED AND GENERALLY ON THE LIGHT SIDE FROM MISSOURI ON NORTHWARD UP INTO OTHER WESTERN GREAT LAKES AND A LITTLE BIT MORE  ACTIVITY DEVELOPING OVER THE ROCKIES. WITH THAT SECONDARY SYSTEM PRECIPITATION ESTIMATES OF  THE PAST TWENTY FOUR HOURS YOU CAN SEE SOME OF THOSE HEAVIER AMOUNTS ARE IN THE SOUTHEAST  ESPECIALLY SOUTHEAST GEORGIA SOUTHERN SOUTH CAROLINA AND INTO PARTS OF FLORIDA AT M AND THE  NEXT THIRTY SIX HOURS MOST OF IT 'S GOING TO BE ADDED FARTHER NORTH FROM THE MID ATLANTIC INTO  NEW ENGLAND A LITTLE BIT MORE WILL BE ADDED IN SOUTHERN FLORIDA AND YOU CAN SEE SOME LIGHT  SCATTERED AMOUNTS FARTHER WEST SNOWFALL ESTIMATES IT 'S ALL IN THE CENTRAL AND NORTHERN ROCKIES AND ALL IN THE HIGHEST ELEVATIONS IN EXCUSE ME MAY GET A FEW INCHES OF SNOW THAT WOULD BE  THE HIGHEST SPOTS LOOK AT THE HEAT STARTING A BUILD IN TEXAS SAID TODAY SOME NINETY SHOWING  UP IN WESTERN TEXAS STILL SIXTIES FOR THE EASTERN CORN BELT. AS WE HEAD THROUGH TONIGHT THEN  WE'LL SEE THINGS COOL DOWN BUT NOT SUBSTANTIALLY. YOU'RE STILL TALKING FORTIES FIFTIES AND SIXTIES  ACROSS THE PLAINS INTO THE NORTHEAST SO NOTHING TOO MUCH TO WORRY ABOUT. AS FAR AS A FREEZE IS  CONCERNED AND TOMORROW AFTERNOON THE NINETIES SHIFT EASTWARD TOWARD DALLAS IN THAT AREA  AND BOY. THE SEVENTIES START TO EXPAND NORTHWARD INTO THE CENTRAL MISSISSIPPI VALLEY PARTS OF  THE OHIO VALLEY AS WELL THERE'S THE JET STREAM. THERE'S THAT CUTOFF LOW. IT 'S FINALLY GOING TO MOVE AWAY A SECONDARY ONE WELL GUESS WHERE IT MOVES IT DROP RIGHT INTO THE GREAT LAKES AS WE  HEAD INTO A MEMORIAL DAY AND THE FIRST PART OF NEXT WEEK BRINGING SOME MORE RAIN AND COOLER  TEMPERATURES. THAT 'S A LOOK ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS  WE'LL HEAD TO LARAMIE WYOMING FIRST OF ALL PARTLY SUNNY AND COOL SHOWERS AND SOME POSSIBLE HIGH OF FIFTY SEVEN EVANSVILLE. INDIANA PARTLY SUNNY AND WARM. MAYBE A SHOWER. I HAVE  SEVENTY FIVE A M CONCORD. NEW HAMPSHIRE COOLER AND BECOMING RAINY HIGH OF SIXTY ONE 

TEASE
WHEN COULD CATTLE MARKETS COOL OFF--? THE TEAM AT DROVERS TAKES A  SHOT AT THE ANSWER AFTER THE BREAK. AND PUSHING EDUCATION TO NEW HEIGHTS--SEE HOW THIS AFTERSCHOOL PROGRAM IN MISSOURI IS HELPING KIDS SUCCEED TODAY ON THE IN THE  COUNTRY.

DROVERS TV
ON DROVER'S TV, IT'S BEEN A HISTORIC RALLY FOR SPRING CATTLE PRICES. CASH CATTLE CLIMBING 20 DOLLARS IN A FOUR WEEK SPAN--AND MUCH OF IT  DUE TO SHORTER SUPPLIES. CARCASS WEIGHTS ARE DOWN 30 POUNDS COMPARED TO A YEAR AGO. ANALYSTS TELL DROVERS IT WILL LIKELY BE 3RD OR 4TH QUARTER BEFORE THAT  TREND STARTS MOVING THE OTHER DIRECTION. MEANWHILE, CONSUMER DEMAND REMAINS STRONG...AS GRILLING SEASON  GETS STARTED. ADD IN STRONG EXPORT DEMAND WITH MARCH VOLUMES UP 25 PERCENT AND  THE LARGEST ONE MONTH TOTAL SINCE 1974--AND THE FUNDAMENTALS BACK  THESE CLIMBING PRICES. DESPITE THE STRONG DEMAND AND TIGHTER SUPPLIES, THE CATTLE MARKETS SHOULD EXPECT A  SEASONAL DECLINE FROM THE SPRING HIGHS TO THE SUMMER LOWS – MAYBE 10- 15%. THE KEY TO  THIS SUMMER'S CASH CATTLE PRICES WILL BE HOW STRONGLY RETAILERS FEATURE BEEF IN LIGHT OF THE  HIGHER WHOLESALE PRICES THEY'VE PAID FOR BEEF. RETAIL BEEF MARGINS HAVE DECLINED, AND SO WILL  RETAILERS WILLINGNESS TO FEATURE BEEF OVER PORK AND POULTRY.  HENDERSON SAYS MARKET ANALYSTS WILL BE WATCHING MEMORIAL DAY  WEEKEND BEEF SALES FOR INDICATIONS OF CONSUMER DEMAND AND WHERE  CATTLE MARKETS COULD BE HEADED THIS SUMMER.  MEANWHILE THE LATEST PROFIT TRACKER FROM STERLING MARKETING-- SHOWS  FEEDER PROFITS HELD AT 462 DOLLARS PER HEAD--DOWN ABOUT 75 DOLLARS  SINCE LAST WEEK. THE FIVE AREA CASH PRICES DIPPED A COUPLE OF BUCKS TO 134. PACKERS ALSO IN THE BLACK LAST WEEK NEARLY PROFITS TO ALMOST 200  DOLLARS A HEAD. DECLINING CASH CATTLE AND INCREASING BEEF CUTOUT PRICES REALLY  PUSHING MARGINS HIGHER. PROFIT MARGINS FOR COW-CALF PRODUCERS IN 2017 ARE EXPECTED TO  AVERAGE $107 DOLLARS PER COW.  BLOOMBERG REPORTING THAT THE EXPLOSION IN FARM TO FORK RESTAURANTS IS PUTTING PRESSURE ON SUPPLIES.  MOSTLY DUE TO THE SMALL NUMBER OF PROCESSORS ABLE TO DO CUSTOM  SLAUGHTER. FOR EXAMPLE VOLUME SALES OF FREE RANGE MEAT WAS UP NEARLY 27  PERCENT IN 2016. ACCORDING TO USDA, IN 1967 THERE WERE ROUGHLY 9-THOUSAND 600  PROCESSORS. CHANGES IN THE LAW TO REQUIRE INSPECTION FOR SALES ACROSS STATE LINES  MEANT THAT BY 2016 THERE WERE ONLY 11-HUNDRED ABLE TO SHIP NATIONWIDE.

TEASE
STILL TO COME, SCHOOLS OVER BUT THESE MISSOURI KIDS ARE STILL LEARNING. WE'LL TELL YOU WHY COMING UP.

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.  THOUSANDS OF ELEMENTARY STUDENTS AND PARENTS ARE ENJOYING THE  BENEFITS OF A POPULAR BEFORE AND AFTER SCHOOL PROGRAM IN KANSAS  CITY.  JON LAMB FROM THE UNIVERSITY OF MISSOURI HAS MORE. SCHOOL ENDED HOURS AGO, BUT THESE KIDS AT JOHNSON ELEMENTARY ARE  STILL IN THE CLASSROOM LEARNING.  THE LOCAL INVESTMENT COMMISSION IN KANSAS CITY, ALSO KNOWN AS LINC CARING COMMUNITIES, OFFERS THE BEFORE AND AFTER SCHOOL PROGRAM TO  K THRU EIGHTH GRADE STUDENTS TO EXPLORE STEM - SCIENCE, TECHNOLOGY,  ENGINEERING AND MATH. HIS APPROACH REINFORCES CONCEPTS TAUGHT DURING THE REGULAR  SCHOOL DAY. "THE EVIDENCE IS THERE, SO AS WE LOOK AT STANDARDIZED TESTS, AND I'M GOING TO SAY PARTICULARLY  AROUND SCIENCE, WE CAN SEE THAT STUDENTS ARE BECOMING MORE AND MORE SKILLED. AND IT REALLY  BUILDS THE FOUNDATION THAT THEY'LL NEED FOR MIDDLE SCHOOL, AND HIGH SCHOOL AND PERHAPS  EMPLOYMENT." LINC PARTNERS WITH MU EXTENSION¹S 4-H, WHICH PROVIDES THE STEM  CURRICULUM AND STAFF FOR THE PROGRAM THAT BENEFITS MORE THAN TWO  THOUSAND KIDS ANNUALLY IN SEVENTEEN SCHOOLS IN THE KANSAS CITY AREA.  LINC SITE COORDINATOR DANISHA CLARKSON EMPHASIZES THE APPEAL OF THIS  EDUCATIONAL EXPERIENCE TO KIDS. "WHAT SOME OF THE PROGRAMS, FOR EXAMPLE THE ROBOTICS DOES IS GIVES THE CHILD THAT QUIET  INTIMATE ATMOSPHERE TO FOCUS." THE BEFORE AND AFTER SCHOOL PROGRAM SPARKS STUDENT CURIOSITY AND  ENCOURAGES THEM TO DEVELOP SKILLS THAT LEAD TO FUTURE  OPPORTUNITIES."IN EVERY SINGLE ONE OF OUR PROGRAMS WE TALK ABOUT CAREER DEVELOPMENT. WE TALK ABOUT WHAT  IT TAKES TO DO SOMETHING AS A PROFESSIONAL. WE TALK ABOUT THE MULTIPLE DIFFERENT JOB  OPPORTUNITIES THAT COME WITH THE THINGS THE KIDS MIGHT BE INTERESTED IN." "I LIKE THIS SCHOOL,  CAUSE IN MY OTHER SCHOOL WE DIDN¹T HAVE THESE PROGRAMS." FROM THE UNIVERSITY OF  MISSOURI, I'M JON LAMB.

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

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