AgDay Daily Recap -April 29, 2016

April 29, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 29, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY A MAJOR YOGURT MAKER TAKES ITS PRODUCTS FROM CONVENTIONAL TO ORGANIC. PLUS, LOWER PRICES AND GOOD PAYMENTS ENTICE SOME FARMERS TO CONSIDER CRP. IN THIS WEEK'S PROFARMER PROFIT BRIEFING...LOOKING AT LIVESTOCK. WHEN THE BEAN MARKET WAS GOING UP, CATTLE MARKET WAS GOING DOWN AND I COULDN'T FIND A GOOD FUNDAMENTAL REASON FOR EITHER OF THEM.A GREAT AMERICAN BARN FROM PENNSYLVANIA AND A SIX GENERATION FARM. AND THIS NEW JERSEY KID, LEAVES HIS TEARS BEHIND THANKS TO THE KINDNESS OF A CALIFORNIA FARM.
DANNON TO TRANSITION TO MILK FROM COWS FED WITH NON-GMO FEED:
GOOD MORNING I'M CLINTON GRIFFITHS. ONE OF THE NATION'S BIGGEST DAIRY PROCESSORS ANNOUNCING PLANS TO USE ONLY MILK SOURCED FROM COWS ON NON-GMO FEED. DANNON YOGURT SAYS IT PLANS TO USE MORE NATURAL INGREDIENTS AND SUSTAINABLE FARMING PRACTICES FOR ITS MILK SUPPLY.  SPECIFICALLY, DANNON SAYS IT WILL ONLY USE MILK FROM SUPPLIERS WHO USE NON-G-M-O FEED ON THEIR DAIRY COWS ON THEIR THREE CORE PRODUCTS DANNON YOGURT, OIKOS GREEK YOGURT AND DANIMALS FOR KIDS.  THE COMPANY SAYS THOSE THREE PRODUCTS REPRESENT HALF OF THEIR BUSINESS. DANNON PLANS TO MAKE THE TRANSITION WITHIN THREE YEARS. THE COMPANY ALSO SAYS IT WILL LABEL ALL OF ITS PRODUCTS THAT CONTAIN GMO INGREDIENTS BY DECEMBER 2017.
DANNON’S MILK SUPPLIER HAPPY TO MAKE THE SWITCH:
ONE OF DANNON'S BIGGEST MILK SUPPLIERS IS MCCARTY FAMILY FARMS BASED IN REXFORD, KANSAS. THE MCCARTY'S ARE THE SOLE SUPPLIER OF MILK FOR DANNON'S PLANT IN FORT WORTH, TEXAS. DANNON SAYS MCCARTY'S CURRENTLY DO NOT USE NON-GMO FEED, BUT WILL BE MAKING THE SWITCH. IN A NEWS RELEASE FROM DANNON, KEN MCCARTY SAYS OF ITS PARTNERSHIP: "IT ENCOURAGES ALL OF DANNON'S FARMER PARTNERS TO CONVERT TO PRACTICES THAT BETTER SERVE OUR NATURAL RESOURCES AND ENVIRONMENT." THE MCCARTY'S ALSO SAY THE DANNON CONTRACT OFFERS THE FARM AND THE COMMUNITY A LOT OF STABILITY.
THE MCCARTY FARM WON THE INNOVATIVE DAIRY FARMER OF THE YEAR HONORS IN 2013. THE AWARD IS SPONSORED BY THE INTERNATIONAL DAIRY FOODS ASSOCIATION AND OUR FARM JOURNAL DAIRY PARTNERS.
CHOBANI TO GIVE SHARES OF COMPANY TO EMPLOYEES:
MEANWHILE DANNON'S CHIEF COMPETITOR IS MAKING NEWS OF ITS OWN. CHOBANI SAYS IT'S GIVING SHARES OF THE COMPANY TO ITS WORKERS. THIS COULD MEAN BIG REWARDS FOR THE WORKERS WHEN THE COMPANY GOES PUBLIC. THE COMPANY'S WORTH IS ESTIMATED AS MUCH AS FIVE BILLION DOLLARS. AND IT'S ONLY BEEN AROUND FOR TEN YEARS.  THE NUMBER OF SHARES GIVEN TO EACH PERSON IS BASED ON TENURE, SO THE LONGER AN EMPLOYEE HAS BEEN AT THE COMPANY, THE BIGGER THE STAKE.
CRP PROGRAM GIVES OPTION TO FARMERS IN TIMES OF TOUGH COMMODITY PRICES:
SOME FARMERS AROUND THE CORN BELT ARE NOT PLANTING ALL OF THEIR ACRES THIS YEAR. INSTEAD, CONVERTING CROPLAND INTO CRP UNDER USDA'S CONSERVATION RESERVE PROGRAM.  AS BETSY JIBBEN SHOWS US, FARMERS ARE TAKING ADVANTAGE OF THE PAYMENTS AND BENEFITS TO MARGINAL GROUND.  IOWA FARMER MARK HAPPEL(HOP-EL) IS KEEPING BUSY DURING PLANTING. (VO OF HIM WORKING ON PLANTER, HIM ON THE FARM)
BUT HE WON'T BE RUNNING THE PLANTER ON ALL OF HIS ACRES. HE IS TRYING TO TRANSITION SOME GROUND INTO CRP THIS YEAR. HE SAYS THE SWITCH...IS ALL ECONOMICS DUE TO LOWER COMMODITY PRICES, CASH RENTS AND CRP'S PAYOUTS.
AND WHILE FARMING IS HIS PROFESSION, HE'S COMFORTABLE KNWOIGN LAND IS IN CRP ESPECIALLY WITH A NEW FARM BILL ON THE HORIZON, A DIFFERENT ADMINISTRATION MOVING TO THE WHITE HOUSE AND UNCERTAINTY OF CROP PRICES. REPORTING IN SUMNER, IOWA, I'M BETSY JIBBEN.
CROP COMMENTS:
LET'S CHECK IN WITH MIKE HOFFMAN FOR THIS MORNING'S CROP COMMENTS. MIKE. GOOD MORNING, CLINTON. LET'S START OFF IN AN AREA RECEIVING THOSE APRIL SHOWERS, IN DAVIS, SOUTH DAKOTA. TOM WE-BA-SICK SAYS IT'LL BE AWHILE BEFORE HE STARTS PLANTING. IT WON'T STOP RAINING! HE'S RECEIVED OVER 2 INCHES OF RAIN AND THE SHOWERS MAY CONTINUE OFF AND ON THROUGHOUT THE WEEKEND. USDA SAYS 6 PERCENT OF CORN ACRES ARE PLANTED IN SOUTH DAKOTA, JUST A POINT BELOW THE 5-YEAR AVERAGE.
FROM THE FLOOR OF THE CME:
 IN AGRIBUSINESS MORE STRENGTH FOR GRAINS DURING TRADE THURSDAY.  LETS SEE WHERE MARKETS CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. IT HAS BEEN A BANK BUSTER DAY FOR THE GRAINS WITH THE BIDDING REALLY STARTING AT 7:30 THIS MORNING AFTER EXPORT SALES CAME OUT. CORN EXPORT SALES WERE JUST PHENOMENAL. THROUGH THE ROOF ABOUT 2.6 MILLION. WAY ABOVE MARKET EXPECTATIONS. SO WE'VE SEEN THAT CARRY US INTO A STRONGER TONE TODAY. GOT US ABOVE SOME KEY TECHNICAL LEVELS 3.86 AND 88 WERE THE LEVEL THAT WE WERE WATCHING THAT RETRACEMENT. AS WELL AS THE 200 DAY MOVING AVERAGE. NOW LETS MOVE OVER TO THE SOYBEANS BRIEFLY. CONTRACT HIGHS BASICALLY WE HAVEN'T TRADED AT THESE LEVELS 10.46 SINCE NOVEMBER OF 2014 FOR THIS CONTRACT WHEN THERE WERE ONLY ABOUT 30 CONTRACTS TRADED. OLIVER SLOUP II TRADER.
PROFARMER PROFIT BRIEFING:
IN OUR PROFARMER PROFIT BRIEFING, CHIP FLOREY AND BRIAN GRETE TURN FROM GRAINS TO LIVESTOCK FOR A LOOK AT WHAT TO EXPECT FROM THOSE MARKETS IN THE MONTHS AHEAD. GENTLEMEN.
BRIAN, IT'S SPRING OF THE YEAR AND WE ARE SPENDING A LOT OF TIME TALKING ABOUT WHAT'S GOING ON IN CORN AND SOYBEANS AND EVEN THE WHEAT MARKET. BUT THIS IS A VERY IMPORTANT TIME OF YEAR FOR THE LIVESTOCK TRADE AS WELL. WHEN THE BEAN MARKET WAS GOING UP, CATTLE MARKET WAS GOING DOWN AND I COULDN'T FIND A GOOD FUNDAMENTAL REASON FOR EITHER OF THEM AND MAYBE, MAYBE THERE IS A LITTLE BIT OF EVIDENCE THAT THE CATTLE MARKET IS STARTING TO FIND ITS FOOTING. > EXACTLY. ALRIGHT, FOR BRIAN GRETE AND ALL THE EDITORS FOR PROFARMER IN CEDAR FALLS, IOWA--I'M CHIP FLORY.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN HERE. MIKE WE'RE LOOKING AT THE DROUGHT MONITOR AND I KNOW PARTS OF THE OKLAHOMA PANHANDLE. SOME PLACES GOT LIKE 3 INCHES OF RAIN OVER THE LAST WEEK OR SO. WILL THAT SHOW UP FOR US. IT WILL EVENTUALLY. IT TAKES A WHILE FOR THE LONG TERM DROUGHT MONITOR TO CHANGE. BUT WE'RE GOING TO GO BACK FOUR WEEKS AND SEE WHAT IT LOOKS LIKE. YOU CAN SEE HOW MUCH LARGER OF AN AREA WAS PROBLEM ACROSS NORTHERN TEXAS WESTERN OKLAHOMA AND THERE TWO WEEKS AGO THERE WERE EVEN SOME SEVERE AREAS SHOWING UP AND NOW WE'RE REALLY CUTTING DOWN THAT.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY NOW LETS LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL FOR SAND POINT IDAHO VARIABLY CLOUDY WITH A SHOWER OR TWO. HIGH OF 55. LARADO TEXAS MY GOODNESS PARTLY SUNNY HOT AND HUMID. HIGH 98 DEGREES. AND ALPENA MICHIGAN PARTLY SUNNY AND MILDER HIGH OF 51.
TEASE:
UP NEXT A VIEWER PROVIDED TOUR OF A GREAT AMERICAN BARN FROM A FARM FAMILY WITH HISTORICAL ROOTS. AND LATER, KIDS DON'T OFTEN PREFER BROCCOLI TO THE CIRCUS. WE'LL MEET A YOUNG MAN WHO WENT FROM HEART BREAK TO OVERJOYED AFTER VISITING A CALIFORNIA BROCCOLI FARM.
GREAT AMERICAN BARNS:
HERE'S AL PELL.
TODAY'S GREAT AMERICAN BARN IS PROUDLY SHARED BY THE KENYON FAMILY OF POTTER COUNTY, PENNSYLVANIA. THE SIXTH GENERATION OF THE FAMILY IS NOW RUNNING THE OPERATION. IT'S BEEN IN CONTINOUS FAMILY OWNERSHIP SINCE 1871. THE OLDEST BARN ON THE FARMSTEAD WAS BUILT IN 1920 BY BENJAMIN RANDALL. IT WAS BUILT WITH HAND-HEWN BEAMS. SOME OF THEM ARE ONE FULL LENGTH -AND THE WIDTH OF THE BARN. WHEN THE BARN WAS BUILT IT HOUSED MILKING COWS, HEIFERS AND CALVES.
TEASE:
UP NEXT SOCIAL MEDIA HEARTBREAK TURNS INTO THE TRIP OF THE LIFETIME FOR THIS NEW JERSEY BOY. THAT'S NEXT ON AGDAY.
IN THE COUNTRY:
 IT'S NOT UNCOMMON FOR PARENTS TO KEEP KIDS IN THE DARK ON A BIG SURPRISE. WE ALL KNOW THE ANTICIPATION OF SOMETHING LIKE A TRIP TO THE CIRCUS CAN PUT YOUNG ONES IN A TAIL SPIN.
THAT WAS THE CASE FOR YOUNG MAX'S FOLKS A FEW WEEKS BACK. YOU MAY HAVE SEEN THEIR CIRCUS REVEAL ON YOUTUBE...AND THEIR SON'S DISAPPOINT WHEN WHEN HE FOUND OUT WHERE THEY WEREN'T GOING.  WE'RE NOT AT A BROCCOLI FARM. WHERE ARE WE? WE'RE AT THE CIRCUS. AH, I WANTED TO GO TO THE BROCCOLI FARM. WAIT, MAX. THERE'S ELEPHANTS. IT'S THE CIRCUS. NO, I WANTED TO GO TO THE BROCCOLI FARM. WE JUST TOLD YOU THAT SO THIS COULD BE A SURPRISE. I THOUGHT YOU WANTED TO SEE ELEPHANTS. NO I DIDN'T. YOU DON'T WANT TO SEE ELEPHANTS?
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR BETSY JIBBEN. MIKE HOFFMAN, . I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS, MONDAY ON AGDAY, MACHINERY PETE LOOKS AT THE STRONG DEMAND FOR LARGE LATE-MODEL TRACTORS. AND METEOROLOGIST MIKE HOFFMAN WILL HELP YOU PLAN YOUR FIELD WORK. START YOUR WEEK OFF WITH NEWS THAT MATTERS, HERE ON AGDAY.
 

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