AgDay Daily Recap -Aprill 22, 2016

April 22, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 22, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -THE SOYBEAN RALLY HOLDS FOR FRESH HIGHS.  THE PROFARMER PROFIT BRIEFING LOOKS AT WHAT IT MEANS FOR FARMERS. IF YOUR SELLING SOYBEANS YOU BETTER BE SELLING CORN AND WHEAT. A YEAR AFTER A DEVASTATING BIRD FLU OUTBREAK, HOW PREPARED IS THE INDUSTRY TODAY? A CASTLE FOR A KING? NO BUT IT IS A GREAT AMERICAN BARN. AND HOT BEEF ON THE LAMB...AUTHORITIES IN A CARNIVORE CAPER IN TEXAS.
GRAINS RALLY:
GOOD MORNING I'M CLINTON GRIFFITHS. THE RALLY IN GRAINS CHANGING MOODS ACROSS FARM COUNTRY AS OPPORTUNITIES TO LOCK IN AND SELL AT HIGHER PRICES SURFACE. FARMERS FEELING MORE SPRING IN THEIR STEP WEDNESDAY FOLLOWING SEVERAL DAYS OF PRICE RALLY'S. TUESDAY SAW SOYBEANS CLOSE ABOVE 10 DOLLARS...FOR THE FIRST TIME SINCE LAST JULY. THE RALLY HELD DURING TRADE AGAIN WEDNESDAY. CORN TOPPING 4 DOLLARS FOR THE TIME IN 2016...TUESDAY. AND WHEAT RISING ABOVE THE 5 DOLLAR MARK. TRADERS SAY YES THERE MAY BE A FEW WEATHER CONCERNS IN SOUTH AMERICA BUT THIS SURGE IS BASED ON MARKET ACTION BY LARGE FUNDS. "WE'RE SEEING A MAJOR SHORT SQUEEZE AND THEY'RE PUKING THEIR BRAINS OUT TRYING TO RUN OVER EACH OTHER TO GET OUT OF THESE MARKETS BECAUSE THEY GOT TRAPPED ONCE AGAIN. VERY COMMON WHEN MARKETS GET OVERSOLD AND YOU DON'T SEE ANYTHING ELSE HAPPENING. SO THIS IS A GOOD OLE FASHIONED SHORT SQUEEZE. AS AN OWNER, I THINK YOU BETTER GET HEDGED UP HERE.
PITCH TO PROFARMER:
WE'LL TALK MORE ABOUT THIS RALLY COMING UP AFTER THE BREAK IN THIS WEEK'S PROFARMER PROFIT BRIEFING. AS I MENTIONED SOME OF THAT RALLY DRIVEN BY WEATHER IN SOUTH AMERICA.
BRAZIL’S STATS INTERRUPTED BY POLITICAL TURMOIL:
BRAZIL'S POLITICAL AND ECONOMIC STORM NOW IMPACTING THE GOVERNMENT STATISTICS AGENCY. BRAZIL ANNOUNCING THE AGENCY WILL INDEFINITELY SUSPEND ITS FARM CENSUS WHICH GATHERS DATA ON CATTLE, CROPS AND THE RURAL ECONOMY...DUE TO BUDGET CUTS.  BRAZIL IS IN THE MIDDLE OF ITS WORST ECONOMIC RECESSION IN DECADES INCLUDING THE POTENTIAL IMPEACHMENT OF THE COUNTRY'S PRESIDENT.
A YEAR AFTER AVIAN INFLUENZA OUTBREAK, INDUSTRIES EXAMINE THEIR PREPARATION FOR CONTROLLING THE OUTBREAK:
IT'S BEEN ABOUT A YEAR SINCE THE UPPER MIDWEST BEGAN BATTLING AN OUTBREAK OF HIGH PATH AVIAN INFLUENZA. MILLION OF BIRDS DIED OR WERE EUTHANIZED TO BRING THE DISEASE UNDER CONTROL. TODAY, TYNE MORGAN LOOKS AT WHERE INDUSTRY PREPAREDNESS STANDS AFTER THE OUTBREAK. 2015 WAS A NEW EXPERIENCE FOR ALL OF US. RICK KLAPHAKE RAISES TURKEYS IN STEARNS COUNTY, MINNESOTA, THE THIRD LARGEST TURKEY PRODUCING COUNTY IN THE NATION. AND A YEAR LATER, THE AVIAN FLU OUBTREAK OF 2015 IS STILL FRESH IN HIS MIND.
DERRER SAYS SHE KNOWS THE INDIANA RESPONSE WASN'T PERFECT, BUT IN 5 DAYS, ALL 414 THOUSAND BIRDS WERE DEPOPLATED. AND WITHIN 38 DAYS, THE 10 KM CONTROL AREA WAS LIFTED. SHE SAYS IT WAS THAT QUICK ACTION THAT ALLOWED THE BOARD OF ANIMAL HEALTH TO START EMERGENCY RESPONSE. DERRER SAYS INDIANA PUT THE MOST RESOURCES TOWARDS CONTROLLING THE SPREAD TO OPERATIONS NOT YET INFECTED.
PRECAUTIONS FOR ELIMINATING FUTURE OUTBREAK:
KROUSE SAYS THE NEW LEVEL OF BIOSECRUITY HAS BECOME STANDARD PROTOCOL. ALSO, VEHICLES ENTERING FARMS ARE SANITIZED THROUGH HIGH PRESSURE UNDERBODY WASH APPROVED BY USDA AND FDA. EVEN WITH ALL THESE NEW STANDARDS, PRODUCERS KNOW THEY AREN'T IMMUNE TO FUTURE OUTBREAKS. AND FOR FARMERS IN MINNESOTA, RECOVERY EFFORTS ARE STILL UNDERWAY.
CROP COMMENTS:
THE NATIONAL WEATHER SERVICE'S CLIMATE PREDICTION CENTER RELEASING IT'S FORECAST FOR MAY THROUGH JULY. IT EXPECTS ABOVE-NORMAL TEMPS ACROSS THE NORTHERN PLAINS AND CORN BELT, AS WELL AS THE EAST AND WEST COASTS. CINDI CLAWSON JOINING US NOW WITH TODAY'S CROP COMMENTS. GOOD MORNING CLINTON.  WE'LL BEGIN CROP COMMENTS IN KENTUCKY. A "NASS" CROP REPORTER FROM SHARKEY COUNTY SAYS IT'S BEEN SO WET THAT FARMERS IN THAT AREA ARE NOW SWITCHING AWAY FROM CORN TO SOYBEANS.
TEASE:
UP NEXT, MARKETS MARKETS MARKETS...THE CREW FROM PRO FARMER IS HERE TO TALK THE RECENT RALLY IN GRAINS AND HOW IT TRANSLATES TO THE FARM. AND LATER THIS GREAT AMERICAN BARN HAS TIES TO AMERICA'S MAIL ORDER PAST. WE'LL EXPLAIN AFTER WEATHER. AND A BEEF BURGLAR MAKES OFF WITH SOME HIGH PRICED CUTS AS LOCAL COPS GIVES CHASE.
FROM THE FLOOR OF THE CME:
IN AGRIBUSINESS ALL EYES HAVE BEEN ON MARKETS THIS WEEK. LETS SEE HOW WEDNESDAY CLOSED ON THE FLOOR OF THE CME IN CHICAGO. WE STARTED OUT WITH A MUCH HIGHER TRADE IN THE OVERNIGHT SESSION. CORN SOYBEANS WHEAT ALL TRADING HIGHER ON LOWER VOLUME. I WANT TO TOUCH ON THE CORN CONTRACTS FIRST. SPECIFICALLY I'M GOING TO GEAR TOWARD THAT MAY CORN CONTRACT. GOT ABOVE THAT PIVOTAL 4 DOLLAR LEVEL. THAT'S A PSYCHOLOGICAL LEVEL AS WELL AS A TECHNICAL LEVEL. WE'RE KEEPING A VERY CLOSE EYE ON IT. THIS HAS BEEN OLIVER SLOUP WITH IITRADER FROM THE FLOOR OF THE CME.
PROFARMER:
THE RECENT RALLY CATCHING A LOT OF PEOPLE OF GUARD. BUT WHERE DO WE GO FROM HERE? THE FELLA'S OVER AT PROFARMER HAVE SOME THOUGHTS IN TODAY'S PROFIT BRIEFING. WELL, WE ALL KNOW THAT THE RALLY IN THE GRAIN MARKETS HAS BEEN LED BY SOYBEANS. WE TALK ABOUT THAT LAST WEEK AND HOW WE ARE GOING TO ATTACK THAT, BUT, BRIAN CORN, WHEAT? THEY DECIDED TO COME ALONG FOR THE RIDE. WE NEED TO TALK ABOUT SOME MARKETING STRATEGIES TO PUT IN PLACE ON CORN AND WHEAT TO TAKE ADVANTAGE OF THIS RALLY.> YEAH AND IF YOU ARE SELLING SOYBEANS YOU BETTER BE SELLING CORN AND WHEAT. SELLING TO PRICE STRENGTH HERE I THINK IS THE NAME OF THE GAME. TAKE ADVANTAGE OF THE OPPORTUNITIES WHEN THEY ARE GIVEN TO YOU AND LIKE I SAID IN THE PAST, THE MARKET ALMOST ALWAYS GIVES YOU AN OPPORTUNITY.
IT DOESN'T END WELL IN EITHER CASE. ALL RIGHT, FOR BRIAN GRETE AND ALL THE EDITORS AT PROFARMER IN CEDAR FALLS, IOWA--I'M CHIP FLORY. )
NATIONAL WEATHER:
WELCOME BACK TO AGDAY HERE WITH CINDI CLAWSON. CINDI AS WE LOOK AT THE DROUGHT MONITOR WE'VE BEEN WATCHING THE WEST COAST FOR MONTHS. YEARS ALMOST IT FEELS LIKE. MAYBE BETTER BUT NOT GONE AS FAR AS DROUGHT GOES. NO NOT GONE AT ALL. WE STILL HAVE A LONG WAY TO GO THAT WE JUST NEED THAT LONG TERM RAIN. BUT WE HAVE OTHER AREAS WE'RE STARTING TO KEEP AN EYE ON AS WELL. LETS TAKE A LOOK AT THE MAP. AND THOSE AREAS STRETCH INTO THE NATION'S MIDSECTION NOW. WE'VE BEEN KIND OF WATCHING FOLKS IN THE CENTRAL PLAINS ESPECIALLY AS YOU GET OVER TO KANSAS AND OKLAHOMA AND DOWN TO THE TEXAS PANHANDLE. THINGS ARE DEFINITELY GETTING DRY OUT THERE.
REGIONAL WEATHER:
THAT'S A LOOK AT YOUR NATIONAL  FORECAST NOW LETS CHECK ON SOME LOCAL CITIES. SUGARVILLE UTAH SUNNY AND BREEZY TODAY WITH SOME RAIN POSSIBLE TONIGHT. HIGH TEMPERATURE  OF 81 DEGREES. TOWNER NORTH DAKOTA MOSTLY SUNNY FOR YOU AND HIGH OF 60 DEGREES BLACKSTONE VIRGINIA SHOWERS AND THUNDERSTORMS A HIGH OF 77.
TEASE:
A GREAT AMERICAN BARN WITH ROYAL CONNECTIONS. AL PELL JOINS US TO TELL YOU ABOUT IT'S CONNECTION TO A MAIL ORDER KINGDOM AFTER THE BREAK. AND LATER THESE STEAKS ARE HOT!.....AND WITHOUT EVEN REACHING THE GRILL.
GREAT AMERICAN BARNS:
IF YOU EVER TRAVEL TO NORTHERN MICHIGAN FOR A VACATION THIS SUMMER, YOU SHOULD STOP BY CASTLE FARMS IN THE CITY OF CHARLEVOIX. THE WORD CASTLE IMPLIES IMPENETRABLE, STRONGHOLD. FORTIFIED. BUT PERHAPS EVEN STATELY AND REGAL. AS AL PELL SHOWS US IN THIS MORNING'S GREAT AMERICAN BARN, CASTLE FARMS IS ALSO VERY INVITING.
TEASE:
AND WHEN WE COME BACK -WE HAVE A TRUE-CRIME STORY ABOUT THE BOTCHED BEEF CAPER.
IN THE COUNTRY:
AS ANY MEAT-EATER WILL ATTEST, WHEN YOU NEED A STEAK, YOU'LL DO JUST ABOUT ANYTHING TO GET THE GRUB ON THE GRILL. WHICH LEADS US TO THIS CARNIVORE CAPER.  EAST TEXAS POLICE SAY THEY PURSUED A MAN WITH STOLEN STEAKS IN HIS CAR AT SPEEDS UP TO 100 MPH ON WEDNESDAY. AUTHORITIES SAY THE SUSPECT HAD FLED FROM A LONGVIEW, TEXAS WALMART WITH THE JUICY LOOT. POLICE SAYS THE CHASE CROSSED TWO COUNTIES. AND ALONG THE WAY, THEY SAW FILETS A-FLYIN' OUT THE CAR WINDOW.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CINDI CLAWSON, CHIP FLORY AND BRIAN GRETE. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS - MONDAY ON AGDAY - WE LOVE OUR PICK-UP TRUCKS...ESPECIALLY THOSE WITH SOME GOOD YEARS ON THEM. MACHINERY PETE TAKES A LOOK AT DEMAND FOR CLASSIC PICK-UPS. AND AS SOYBEAN PRICES PUSH HIGHER WILL FARMERS SWITCH THEIR PLANTING INTENTIONS?
WATCH US WEEKDAYS RIGHT HERE ON AGDAY
 

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