AgDay Daily Recap -August 10, 2017

August 10, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
AUGUST 10, 2017


HEADLINES
PREPARING FOR A MID-SUMMER DATA DUMP FROM USDA. WHERE WILL THOSE REPORTS TAKE THE MARKET? IN ANALYSIS....PRE-REPORT EXPECTATIONS.  I'M MICHELLE ROOK. WE'LL FIND OUT IF MINNESOTA'S REALLY THE SWEET SPOT FOR CROP CONDITIONS AND  WHAT THAT MEANS FOR YIELD COMING UP. HOW MUCH WILL ABC PAY AFTER SETTLING WITH A BEEF PROCESSOR OVER AN  UN-FLATTERING PHRASE? AND KEEPING YOUR EYES SAFE DURING THE UPCOMING SOLAR ECLIPSE. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

USDA PREVIEW
GOOD MORNING I'M TRICIA SLOMA. CLINTON GRIFFITHS IS ON ASSIGNMENT. USDA  'NUMBER-CRUNCHERS' WILL SOON BE BEHIND CLOSED DOORS AS THE AGENCY  PREPARES TO RELEASE SOME LIKELY MARKET-MOVING REPORTS LATER TODAY. THE AG DEPARTMENT IS PREPARING TO RELEASE ITS LATEST SUPPLY-AND- DEMAND DATA AND THE AUGUST CROP PRODUCTION FIGURES. . THE REPORTS COME OUT AT ELEVEN CENTRAL TIME. GRAIN TRADERS EXPECT USDA TO TRIM ITS CORN AND SOYBEAN CROP  FORECASTS FROM LAST MONTH. THIS REPORT WILL BE BASED ON SURVEYS AND  ACTUAL IN-FIELD ANALYSIS. ACCORDING TO OUR EXPERTS AT PRO-FARMER USDA  COULD TRIM THE NATIONAL CORN YIELD BY AS MUCH AS FOUR BUSHELS AN  ACRE. BUT A SOYBEAN CUT IS NOT AS DRASTIC. TYNE MORGAN JOINS US FROM THE FARM JOURNAL YIELD TOUR IN ST JOHNS  MICHIGAN WHERE MARKET ANALYSTS EXPLAIN WHAT WE'RE IN-FOR IF THE CROP  EXPECTATIONS ARE LOWERED. THANKS TRICIA. YEAH. TODAY USDA RELEASING THE NEXT CROP PRODUCTION REPORT COULD BE A  BIGGIE FOR THE MARKETS HERE WITH MIKE NORTH OF COMMODITY RISK MANAGEMENT GROUP. MIKE  WHAT SHOULD OUR VIEWERS EXPECT FROM TODAY'S REPORT. WELL THE THING EVERYONE'S GOING TO BE  WATCHING IS THE CORN YIELD. WE'RE GOING TO GET EAR WEIGHTS KERNEL COUNTS WE'RE GOING TO GET A  REAL LOOK AT SOME FIELD DATA IN THIS REPORT AND THAT WILL GIVE US SOME CLARITY ON WHERE WE  MOVE IN TERMS OF DIRECTION. IT'S NOT ALWAYS GOING TO BE THE ABSOLUTE NUMBER BUT DIRECTION.  HOW BIG OF A CUT DO THEY MAKE IS IT ONLY TWO OR THREE BUSHEL CUT OR IS IT SUBSTANTIAL 6 OR 7 OR 8  BUSHEL CUT. YEAH BASED ON THAT WE CONTINUE TO SEE CROP CONDITION RATINGS DETERIORATE. DO  YOU THINK THAT WE WILL SEE A USDA CUT YIELD. WE WILL THEY'LL THEY'LL RETRACT THEIR YIELD NUMBERS  FROM THE 170.4 THEY HAVE ON THE BALANCE SHEET RIGHT NOW AND THAT WILL MOVE BACK DOWN  TOWARDS THE WELL THE AVERAGE TRADE I GUESS RIGHT NOW IS JUST OVER 166 WHAT DOES THE NUMBER  NEED TO BE IN ORDER TO MOVE THESE CORN PRICES HIGHER. SOMEONE 65 WOULD GET EVERYBODY  TALKING BECAUSE AT THAT POINT WE REALLY START TO MOVE AWAY FROM A 2 BILLION BUSHEL CARRY OUT AT  THAT POINT WE START TO TALK ABOUT WHAT'S NEXT IN SEPTEMBER. THEY TAKE IT TO 162. DOES THAT  BALANCE SHEET LOOK MORE LIKE A 1.5 OR A 1.6. AND THEN OF COURSE IT HAS TO BE BALANCED AGAINST  WHAT THAT LOOKS LIKE IN TERMS OF EXPORTS BECAUSE LET'S NOT FORGET SOUTH AMERICA HAS A BIG  CROP AND IS WILLING TO SELL IT AND WE'RE GOING TO HAVE TO STAY COMPETITIVE IF OUR EXPORT NUMBER  ON THE BALLOT SHE'S GOING TO REMAIN WHERE IT'S AT. AND YOUR TWO BILLION BUSHELS SOMETHING TO  WATCH. THANKS SO MUCH MIKE. REPORTING FROM ST. JOHN'S MICHIGAN I'M TYNE MORGAN FOR  AGDAY. TRICIA BACK TO YOU.

CROP RATINGS IN MINNESOTA
THANKS TYNE.  CROP RATINGS FOR CORN AND SOYBEANS NATIONALLY HAVE  BEEN RUNNING WELL BELOW LAST YEAR FOR MUCH OF THE GROWING SEASON. HERE WE COMPARED MONDAY'S CROP PROGRESS REPORT TO AUGUST EIGHT OF  2016. IN MOST OF THE TOP FIVE CORN GROWING STATES, THIS YEAR'S CROP IS ABOUT  20 POINTS BEHIND LAST YEARS CROP RATING. THE ONE OUTLIER IS MINNESOTA. MONDAY'S REPORT SHOWS 80-PERCENT OF  THE CORN CROP IS GOOD TO EXCELLENT. LAST YEAR AT THIS TIME IT WAS 85- PERCENT. THE MINNESOTA CORN CROP DROPPED A POINT FROM LAST WEEK BUT  SOYBEANS ARE A POINT HIGHER. SO, WILL THIS TRANSLATE INTO HIGHER YIELDS  FOR THE STATE THIS YEAR? AND WILL MINNESOTA BE ANYWHERE CLOSE TO LAST  YEAR'S RECORD SETTING CORN AND SOYBEAN PRODUCTION? MICHELLE ROOK  TAKES A LOOK AT THE CORN BELT SWEET-SPOT. "MINNESOTA'S CORN AND SOYBEAN CROP WON'T BE THE RECORD IT WAS A YEAR  AGO. HOWEVER, CROP CONDITIONS ARE BETTER HERE THAN IN MANY AREAS OF THE CORN BELT. THAT  INCLUDES THE DROUGHT-STRIKEN DAKOTA'S AND EVEN THE I-STATES HAVE HAD THEIR CHALLENGES WHICH  HAS BEEN REFLECTED IN DECLINING CROP RATINGS. DAVE NICOLAI, UNIVERSITY OF MN EXTENSION  EDUCATOR CROPS, "YOU KNOW ILLINOIS AND INDIANA HAVE HAD THEIR CHALLENGES TOO AND EVEN  PARTS OF IOWA, SO I THINK IF YOU LOOK AT THAT SITUATION HERE MINNESOTA IS KIND OF A SWEET SPOT IN  RETROSPECT."  HOWEVER, HE SAYS THE STATE IS A TALE OF TWO CROPS, WITH THE EAST FARING BETTER THAN THE  WEST.NICOLAI, "THE CROP LOOKS VERY GOOD IN A LOT OF THE PARTS OF THE STATE, ESPECIALLY SOUTH  CENTRAL, EASTERN MINNESOTA." THAT'S BECAUSE THOSE AREAS HAVE RECEIVED AMPLE MOISTURE AND  SO FARMERS THERE ARE OPTIMISTIC ABOUT CORN YIELDS. BRUCE SCHMOLL, CLAREMONT, MN FARMER,  "ACTUALLY I THINK WE'RE GOING TO BE COMPARABLE TO LAST YEAR IF THINGS PROGRESS THE WAY THEY  ARE. OUR CORN JUST TASSLED OUT LAST WEEK SO WE HAD DECENT WEATHER FOR THAT. NOT REAL HOT AND  DRY. SCHMOLL, "I'M ANTICIPATING WE CAN GET THAT 220 TO 230 BUSHEL YIELD ON THE CORN SIDE."  HOWEVER, AS YOU MOVE TO THE NORTH AND WEST RAINS HAVE BEEN BELOW NORMAL. RON  OBERMOLLER, BREWSTER, MN FARMER, "WELL WE HAD ABOUT 4.5 INCHES ABOUT SIX WEEKS AGO AND  WE'VE HAD TWO OR THREE TENTHS SINCE, SO WE'RE PROBABLY TWO OR THREE INCHES BEHIND." SO THAT,  COMBINED WITH THE HEAT DURING POLLINATION, WILL RESULT IN LOWER YIELDS THAN A YEAR AGO ON CORN.  TOM HAAG, EDEN VALLEY, MN FARMER, "LAST YEAR YOU KNOW WE WERE IN THAT 185 BUSHEL RANGE,  THIS YEAR WE'RE PROBABLY MORE IN THAT AVERAGE. WE'RE HOPING THAT 160 TO 165 BUSHEL ON CORN.  OBERMOLLER, "LAST YEAR WE HAD BEST CROP EVER. WE PROBABLY AVERAGED 210 AND I'M GUESSING  WE'RE ALREADY 20 BUSHELS OFF OF THAT IN CORN AND FIVE TO TEN OFF ON THE BEANS ALREADY." AND IF IT  STAYS DRY THE CORN MAY ALSO BE LIGHTER TEST WEIGHT."RIGHT NOW I WOULD SAY WE'RE ON AVERAGE  WITH TEST WEIGHTS, BUT A LOT DEPENDS UPON IF WE DON'T GET THE MOISTURE TO HELP FILL THAT EAR OUT  WE WILL THEN HAVE LIGHTER TEST WEIGHT." THERE'S STILL TIME FOR BEANS, BUT FARMERS ARE GENERALLY  NOT AS OPTIMISTIC ABOUT THE PROSPECTS FOR THIS CROP BECAUSE OF THE PLANTING AND EMERGENCE  ISSUES. BOB WORTH, LAMBERTON, MN FARMER, "LOT OF VARIABILITIES WHEN WE PUT THE CROP IN TOO,  SOME COULDN'T GET IT IN ON TIME AND THEN WE HAD SOME DROWNED OUTS, WE HAD SOME REPLANTS,  WE HAD ALL KINDS OF THESE SMALL ISSUES." SO FARMERS BELIEVE SOYBEAN YIELDS WILL BE DOWN  FROM LAST YEAR AS WELL. BOB WORTH, "WE'RE GOING TO BE ABOVE TRENDLINE, BUT WE'RE NOT GOING TO  BE WHERE WE WERE LAST YEAR SO YOU KNOW WE'RE PROBABLY TALKING ABOUT 180 TO 190-BUSHEL  CORN AND WE'RE PROBABLY GOING TO BE TALKING 50 TO 60 BUSHEL BEANS." AND WITH THE VARIABILITY  ACROSS THE STATE AVERAGE YIELDS WON'T BREAK LAST YEAR'S RECORDS FOR CORN OR BEANS. "SC MN CAN HELP TO PICK UP A LOT OF THE STATE AND MOVE IT TOWARDS TRENDLINE, BUT I DON'T THINK WE'RE LOOKING FOR A RECORD CROP OBVIOUSLY GIVEN THE CURRENT SITUATION AND MOISTURE SITUATION."  IN MINNESOTA, I'M MICHELLE ROOK REPORTING FOR AGDAY . )

CROP COMMENTS
MIKE HOFFMAN IS CHECKING IN NOW WITH TODAY'S CROP COMMENTS. GOOD  MORNING MIKE. HI TRICIA. A CROP REPORTER IN MADISON COUNTY, GEORGIA SAYS DRY  CONDITIONS  HAVE   CONTINUED  FOR  THE  LAST  FOUR  WEEKS IN THE NORTHEAST CORNER OF THE STATE NEAR ATHENS.THE REPORT SAYS  SOYBEANS ARE DROUGHT-STRESSED. SOME FARMERS ARE NOW ON A SECOND CUTTING OF HAY BUT THERE IS SOME  PEST INFESTATION.BUT ON THE OTHER END OF THE STATE, FARMERS IN THOMAS COUNTY SAY THEY  COULD USE A LITTLE LESS RAIN. MANY OF THE CROPS - COTTON, PEANUTS AND PECANS ALL SEEM TO HAVE SOME  FORM OF INSECT OR DISEASE PRESSURE BROUGHT ON BY TOO MUCH  MOISTURE. AND IN MICHIGAN HARVEST  OF  EARLY PEACH VARIETIES  IS CONTINUING. THE CROP  REPORTER SAYS QUALITY  HAS  BEEN GENERALLY  GOOD,  AND  GROWERS  HAVE  NOTED  THAT   PEACHES  HAVE BEEN SIZING AND COLORING WELL DESPITE RECENT DRY WEATHER.  AND NOW HERE ARE YOUR HOMETOWN TEMPS.

TEASE
STILL TO COME ON THIS REPORT-DAY, WE TAKE A CLOSER LOOK AT CORN PRICES  AND CROP-SIZE PROJECTIONS WITH BRYAN DOHERTY OF STEWART-PETERSON. HOW MUCH DID ABC PAY TO A BEEF PROCESSOR TO SETTLE A LAWSUIT OVER THE  PHRASE "PINK SLIME". WE GET DETAILS IN OUR DROVERS REPORT. AND WE'LL HAVE SOME TIPS ON PROTECTING THOSE EYES DURING THE  UPCOMING SOLAR ECLIPSE. 

FLOOR OF THE CME
IN AGRIBUSINESS TODAY - THE MARKET IS PREPARING FOR USDA'S MONTHLY  DATA DUMP. LET'S SEE HOW THE COMMODITY MARKETS CLOSED AHEAD OF THE  REPORTS. FOR THAT WE HEAD TO THE C-M-E IN CHICAGO. WEDNESDAY'S GRAINS PRETTY MUTED ACTION. WE'VE BEEN ON BOTH SIDES THE UNCHANGED LINE YOU'VE SEEN SOME ATTEMPTS TO SELL ATTEMPTS TO RALLY BUT I THINK ALL EYES ARE GOING TO REALLY BE ON TOMORROW'S USDA REPORT. AND I THINK WHAT WE'RE LOOKING FOR AGAIN IS I THINK THIS IS GOING TO BE A GREAT BUYING OPPORTUNITY. IN FACT I THINK IT'S A BUYING OPPORTUNITY AHEAD OF TIME. I THINK THE ONLY CONCERN ACROSS THE WHOLE SPACE IS THE SOYBEANS SOYBEANS MUST GET ABOVE ONE ABOVE $10. OTHERWISE I THINK THEY'RE GOING TO GO BELOW. NOW RIGHT NOW IN THIS BIG RANGE 9.40 TO 10 BREAK 9:40 THEY WERE GOING UNDER 9. SO I THINK WERE SOME VERY KEY LEVELS HERE WAITING THIS IS GOING TO HAPPEN. BUT I DON'T SEE UPSIDE UNLESS WE CAN GET THROUGH 10 BUCKS AND THEN HOLD CORN. I THINK THAT'S STILL A GOOD CHANCE TO REACH OUR ORIGINAL 450 TARGET. AND I THINK THAT HERE WE'RE GOING TO LOOK FOR A BUY. SO AT THE END OF DAY VERY BULLISH THE GRAIN SPACE IN GENERAL. MY ONLY CONCERN IS SOYBEANS. THAT'S THE WAY I SEE IT. THIS IS TODD HORWITZ FROM BUBBA TRADING DOT COM COMING TO YOU FROM THE FLOOR OF THE CME GROUP IN CHICAGO. ​

AGRIBUSINESS
ALLENDALE INCORPORATED RELEASED ITS ESTIMATE OF TODAYS REPORT. THE AG  COMMODITY AND BROKERAGE FIRM IS EXPECTING THE CORN YIELD AT 163  BUSHELS AN ACRE. THAT'S THREE BUSHELS LESS THAN USDA'S EXPECTED  FORECAST OF ONE-66. TYNE MORGAN RETURNS NOW WITH A DISCUSSION ON CORN PRICES AND YIELD  PROJECTIONS. HERE NOW WITH BRIAN DOHERTY OF STEWART PETERSON BRIAN RIGHT NOW WHEN WE LOOK AT THESE  CORN PRICES YOU KNOW WE WE WE SAW LAST WEEK WE SAW CROP CONDITION RATINGS IMPROVING  SOYBEANS BUT WE ACTUALLY SAW USDA SHAVE A POINT OFF OF CORN CONDITIONS BUT HE DIDN'T MOVE  THE MARKET. NO IT DIDN'T. AND PART OF THAT IS WE TALKED ABOUT THIS BEFORE. THIS TIME OF YEAR RAIN  REALLY MAKES A BIG DIFFERENCE AND ESPECIALLY COOL DOWN THE TEMPERATURES BECAUSE YOU'LL ADD  WEIGHT TO CORN. SO REALLY RAIN MAKES GRAIN THEORY HOLDS THROUGH JULY AND EARLY AUGUST FOR  CORN AS WELL AS SOYBEANS. AND WITH THE CROP GOING BACKWARDS YOU'VE GOT ABOUT LET'S SAY 13  14 PERCENT THAT'S NOT VERY GOOD. CORN IS NOT GOING TO IMPROVE MUCH BUT CORN IN THE FARE CATEGORY THE RIGHT WEATHER IN THE JULY AUGUST CAN ADD SOME YIELD. AND SO I THINK THE  MARKETPLACE LOOKED IN AND SAID WELL THE RATINGS ARE SLIDING. BUT IF YOU'RE A FARMER LET'S SAY IN  SOUTHERN MINNESOTA AND YOU'RE TYPICALLY AVERAGING 200 BUSHEL WILL YIELD AND THIS YEAR YOU'RE  LOOKING AT 150. THAT ONE OR TWO RANGE MAY TAKE YOU RIGHT BACK UP TOWARD 200. SO THAT'S  WHERE A 1 PERCENT DROP IN RATINGS DOESN'T MEAN A LOT AT THIS TIME OF YEAR. IF THERE'S RAIN TO  OFFSET THOSE DROPS. SO REALISTICALLY THOUGH YOU KNOW WE HERE IN ILLINOIS OH CORN CONDITIONS  AREN'T AS GOOD AS LAST YEAR. IN IOWA REALLY IT'S IT JUST DEPENDS ON WHERE YOU ARE. YOU KNOW  WE'RE SEEING STRUGGLES IN THE EAST. BUT AT THIS POINT HOW MANY STRUGGLES DO YOU THINK WE'RE  ACTUALLY SEEN. AND DO YOU THINK THAT WILL COME DOWN THAT MUCH. I MEAN FARMERS PROVED YEAR  IN AND YEAR OUT THEY CAN NO MATTER THAT THE WEATHER OBSTACLES THEY CAN STILL PRODUCE A GOOD  CROP. OH SURE. AND MOST YIELD MODELS DO SHOW DECREASES OF COURSE. THE USDA LAST MONTH  WAS 170.7. THE MARKET IS LOOKING FOR ABOUT 116 AND HALF PRIVATE ESTIMATES ARE NOW MOVING  DOWN TOWARD THE MID 160S EVEN LOW 160S. THAT'S PROBABLY REALISTIC. BUT HERE'S PART OF THE  ISSUE IS WHEN YOU LOOK AT YIELD. THAT'S A COMPONENT OF PRODUCTION. THE OTHER SIDE OF THAT  COIN IS IS DEMAND IN THE USD IN JUNE LOWERED EXPORTS FOR THE YEAR AHEAD OVER 300 MILLION  BUSHELS SO WHEN YOU PUT ALL THE NUMBERS TOGETHER TODAY YOU'RE LOOKING AT A CARRYOUT THAT'S  VERY SIMILAR TO A YEAR AGO. SO THE END USERS LOOKING AT THIS GOING YOU KNOW CORNS A GOOD  VALUE BUT I DON'T HAVE TO JUMP YET. I'LL WAIT. AND WE SEE ON OUR END FEED BUYERS DAIRIES  FEEDLOTS THAT BUY CORN. THEY'RE READY TO PULL THE TRIGGER BUT THEY JUST HAVEN'T THROUGH IN THE  LAST COUPLE OF WEEKS BECAUSE THE WEATHER TOOK A TURN FOR THE BETTER. YOU GOT IT. STAY WITH US.  WE'LL BE BACK WITH MORE AGDAY IN. JUST A MOMENT. 

WEATHER
AND WELCOME BACK TO AGDAY. I'M METEOROLOGIST MIKE HOFFMAN A COUPLE OF SYSTEMS WE'RE  WATCHING FIRST IS THE STATIONARY FRONT THAT'S JUST GOING TO FOCUS SOME OF THE AFTERNOON VARIETY SHOWERS AND THUNDERSTORMS THAT WILL BUBBLE UP IN THE SOUTHEAST AND ALSO THE NORTHERN END  SYSTEM KIND OF MOVING SLOWLY EASTWARD. COLD FRONT SLOWLY MOVING SOUTHEAST WHERE IT AND  THAT WILL KIND OF FOCUS SOME SHOWERS AND THUNDERSTORMS AS WELL. IN PLACES YOU CAN SEE OUR  COMPUTER MODELS BRINGING SOME OF THOSE STORMS INTO THE WESTERN GREAT LAKES LATER TODAY.  OTHERWISE IT'S JUST HIT AND MISS REALLY THROUGHOUT THE COUNTRY. A LITTLE BIT IN THE SOUTHWEST NOT  AS MUCH AS WE'VE SEEN MOST OF THE SEASON THOUGH SO FAR IT LOOKS LIKE. AND THEN AS WE HEAD  THROUGH THE NIGHTTIME HOURS TONIGHT COULD BE A COMPLEX OF STORMS AT LEAST OUR COMPUTER  MODELS HINTING AT IT FOR PARTS OF SOUTHERN KANSAS AND OKLAHOMA. WE'LL HAVE TO WATCH THAT.  AND THEN AS WE HEAD THROUGH THE DAY TOMORROW YOU CAN SEE HOW JUST THE AFTERNOON  THUNDERSTORMS ONCE AGAIN FROM THE OHIO RIVER VALLEY CENTRAL AND EASTERN GREAT LAKES ALL  THE WAY THROUGH THE SOUTHEASTERN SECTIONS. AND A LITTLE BIT HIT AND MISS OUT WEST AS WELL.  KIND OF TYPICAL WEATHER FOR THIS TIME OF THE YEAR. THIS IS ANOTHER COOL AIR MASS COMING IN  WHICH IS GOING TO DRY THINGS OUT FOR THE NORTHERN AND CENTRAL PLAINS AS WE HEAD INTO THE FIRST  PART OF THE OR THE LATTER PARTS OF THE WEEK AND INTO THE FIRST PART OF THE WEEKEND. NOW TAKING A LOOK AT PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS WE'VE SEEN IT IN THE SOUTHEAST UPPER  MIDWEST HIT AND MISS OUT WEST ADDING IN THE NEXT 36 HOURS YOU CAN KIND OF SEE HOW WE'LL PUT  SOME MORE DOWN IN PARTS OF THE SOUTHEASTERN SECTIONS OF THE COUNTRY AND WE WILL ALSO ADD  SOME AGAIN OUR MODEL IS SHOWING THAT COMPLEX AFFECTING MAINLY PARTS OF KANSAS AND  OKLAHOMA BUT THAT'S WHAT IS TOUGH TO FORECAST FOR A COMPUTER MODEL SO KEEP THAT IN MIND  THEN YOU CAN SEE IN THE UPPER MIDWEST THERE BE SOME HEAVIER THUNDERSTORMS. BUT IN GENERAL  THIS KIND OF SCATTERED THROUGH THE WESTERN GREAT LAKES HIGH TEMPERATURES THIS AFTERNOON 70S  ONCE AGAIN FOR THE NORTHERN PLAINS 80S INTO MUCH OF THE NORTHEAST WHICH IS WARMING UP  AGAIN 90S FOR TEXAS AND OKLAHOMA. TRIPLE DIGITS IN THE DESERT SOUTHWEST. LOW TEMPERATURES  TONIGHT GOING TO DROP INTO THE 50S AND 60S ACROSS THE NORTHERN TIER OF STATES 70S BY THE TIME  WE GET INTO DIXIE AND THEN YOU CAN SEE THE JET STREAM ITSELF THE TROUGH CONTINUES TO KIND OF  DIG THROUGH WITH PIECES OF IT ANYWAY KIND OF DIGGING THROUGH THE GREAT LAKES AND THE  NORTHEAST KEEPING THINGS ON THE COOL SIDE FOR THIS TIME OF THE YEAR. BUT THERE ARE SOME SIGNS  THAT YOU'LL ACTUALLY GET A LITTLE BIT OF A WARM UP BY THE MIDDLE OF NEXT WEEK AS THAT TROUGH KIND  OF MOVES EASTWARD RIDGE CONTINUES TO HOLD OUT WEST SO THE HEAT CONTINUES IN THAT PART OF THE  COUNTRY. THAT IS A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. I  DIDN'T KNOW I'M IN COLORADO FIRST OF ALL VARIABLY CLOUDY AND AFTERNOON THUNDERSTORMS LIKELY  HIGH OF 78. ROCHESTER MINNESOTA A BIT MORE HUMID THUNDERSTORM IN SOME AREAS HIGH OF 75  AND FLORENCE SOUTH CAROLINA. WARM AND HUMID AFTERNOON THUNDERSTORMS HIGH OF 85. 

TEASE
WHEN A BEEF PROCESSOR SUED ABC OVER THE PHRASE "PINK SLIME", THE  COMPANY ASKED FOR MORE THAN TWO BILLION DOLLARS. THE TWO SIDES SETTLED BEFORE THERE WAS A VERDICT. BUT FOR HOW MUCH?   THAT'S NEXT. AND IF YOU PLAN TO WATCH THE SOLAR ECLIPSE LATER THIS MONTH, YOU  BETTER HAVE EYE PROTECTION. WE'LL LOOK AT THE DAMAGE YOU COULD FACE, LATER ON AGDAY.

DROVERS TV
IN NEWS FROM OUR PARTNER AT DROVERS - BEEF PRODUCTS INCORPORATED  WAS REPORTEDLY PAID 177 MILLION DOLLARS BY WALT DISNEY COMPANY TO  SETTLE A LAWSUIT BROUGHT AGAINST A-B-C NEWS. YOU MAY REMEMBER THE BEEF PROCESSOR SUED THE NEWS NETWORK FOR ITS  USE OF THE PHRASE "PINK SLIME" TO DESCRIBE THE "LEAN, FINELY TEXTURED  BEEF" PRODUCT. ACCORDING TO REUTERS, DISNEY'S QUARTERLY FINANCIAL REPORT SHOWS A  CHARGE OF 177 MILLION DOLLARS "IN CONNECTION WITH A SETTLEMENT OF  LITIGATION." GREG HENDERSON SAYS; "DISNEY REPORTED THE SETTLEMENT OF THE LITIGATION IN A FOOTNOTE TO ITS  FINANCIAL REPORT SAYING IT WAS SEEKING ADDITIONAL INSURANCE PROCEEDS TO RECOVER ITS CASH  PAYMENT. THE FINANCIAL TABLES SHOW A CHARGE OF 177 MILLION DESCRIBED AS BEING IN CONNECTION  WITH SETTLEMENT OF LITIGATION. THAT FIGURE IS NOT DIRECTLY LINKED TO THE PINK SLIME CASE BUT THE  BPI LITIGATION IS THE ONLY ONE DISNEY SPECIFIED IN THE REPORT." GROCERY STORES AND SCHOOLS STOPPED USING LFTB IN GROUND BEEF AFTER  ABC AIRED THEIR REPORTS.  WHEN DEMAND SHRUNK BPI SHUT-DOWN  PROCESSING FACILITIES IN KANSAS, TEXAS AND IOWA. ACCORDING TO REUTERS THE SETTLEMENT OF 177 MILLION IS ONLY ABOUT  THREE PERCENT OF THE VALUE THE LAWSUIT COULD HAVE NETTED. UNDER SOUTH DAKOTA'S AGRICULTURAL FOOD PRODUCTS DISPARAGEMENT ACT  THE ORIGINAL AMOUNT WOULD HAVE BEEN TRIPLED TO MORE THAN FIVE BILLION  DOLLARS. YOU CAN GET MORE DETAILS OF THE SETTLEMENT BY READING THE COMPLETE  STORY AT DROVERS-DOT-COM.

TEASE
AS WE GET READY FOR THE BIG CELESTIAL SHOW, WE'LL SEE HOW TO PROTECT  YOUR EYES FROM THOSE HARMFUL RAYS OF A SOLAR ECLIPSE. IN THE COUNTRY IS NEXT.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  SEE THE HARDEST WORKING  TRACTORS IN AG AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER  TODAY. WITH THE UPCOMING TOTAL SOLAR ECLIPSE IN AUGUST ALL EYES WILL SOON BE  ON THE SKY.  THE UNIVERSITY OF MISSOURI IN COLUMBIA WILL BE ONE OF PRIME  VIEWING SPOTS FOR THE HISTORIC EVENT. EXPERTS AT M-U ARE TEAMING UP TO INFORM THE PUBLIC ABOUT THE SCIENCE  AND THE SAFETY OF THE ECLIPSE.   KENT FADDIS WITH THE UNIVERSITY OF MISSOURI HAS MORE.      UNIVERSITY OF MISSOURI ASTRONOMER ANGELA SPECK HAS BEEN WAITING HER ENTIRE CAREER FOR  TWO MINUTES AND SHE WILL SOON HAVE THE BEST SEAT IN THE HOUSE. ON AUGUST 21ST, A TOTAL SOLAR  ECLIPSE WILL TAKE PLACE IN THE U.S., AND COLUMBIA, MISSOURI, IS   IN THE DIRECT VIEWING PATH. "THIS IS NOT A JUST A VISUAL EXPERIENCE BUT IT IS AN ALL-ENCOMPASSING EXPERIENCE."  SPECK,  WHO CO-CHAIRS THE AMERICAN ASTRONOMICAL SOCIETY'S ECLIPSE TASK FORCE, SAYS THIS IS AN  HISTORIC EVENT FOR SCIENTISTS AND THE PUBLIC TO LEARN MORE ABOUT THE SCIENCE OF THE SUN. BUT SHE WANTS PEOPLE TO DO IT SAFELY.  THE ASTRONOMER IS TEAMING UP WITH AN M-U HEALTH  CARE OPHTHALMOLOGIST TO REMIND PEOPLE TO PROTECT THEIR EYES DURING THIS RARE EVENT. FROM  STARING AT THE SUN, THE MAIN THING WE WORRY ABOUT IS BURNING YOUR RETINA OR BURNING YOUR  MACULA." DR. FREDERICK FRAUNFELDER SAYS LOOKING AT THE SUN FOR A FEW SECONDS WITHOUT PROTECTION CAN  LEAD TO TEMPORARY OR PERMANENT VISION LOSS. STANDARD SUNGLASSES WILL NOT BE ENOUGH.    HE RECOMMENDS WEARING SPECIAL ECLIPSE GLASSES  THAT HAVE DENSE SOLAR FILTERS. WEAR THESE GLASSES, ESPECIALLY DURING THE PARTIAL ECLIPSE PHASE, TO FILTER HARMFUL ULTRAVIOLET  RAYS, INFRARED AND INTENSE VISIBLE LIGHT RAYS. "DURING THE PARTIAL ECLIPSE, NOT ALL THE SUN RAYS ARE HITTING YOUR EYE AS INTENSELY AND IT MAY  NOT HURT, AND SO PAIN CANNOT BE THE CLUE THAT YOU ARE GETTING DAMAGE TO YOUR EYES". FOR  APPROXIMATELY TWO MINUTES-40 SECONDS, THE MOON WILL COMPLETELY BLOCK THE FACE OF THE  SUN…TURNING DAY INTO NIGHT AND DROPPING TEMPERATURES 10 DEGREES.  BOTH EXPERTS AGREE,  DURING THIS PART YOU CAN TAKE OFF THE ECLIPSE GLASSES AND SEE THE SHOW OF A LIFETIME. "ONCE  THE SUN IS COMPLETELY BLOCKED OUT AND YOU CAN SEE THIS CORONA, IT IS COMPLETELY SAFE, IT IS  ONLY BRIGHT AS THE FULL MOON AND IT IS NOT GOING TO HURT YOUR EYES." BUT ALL OTHER TIMES USE CAUTION. "WE WANT THIS TO BE A MEMORABLE EXPERIENCE AND WE DON'T WANT THIS TO BE A SIGHT  FOR SORE EYES."  FROM THE UNIVERSITY OF MISSOURI, KENT FADDIS REPORTING. )

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

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