AgDay Daily Recap -August 24, 2017

August 24, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
AUGUST 24, 2017


HEADLINES
THE PRESIDENT THREATENS TO PULL OUT OF NAFTA  "PERSONALLY I DON'T THINK WE CAN MAKE A DEAL." ON THE FARM JOURNAL MIDWEST CROP  TOUR..."HOW IS THE DRY WEATHER IMPACTING YIELDS IN THE NUMBER 1 CORN PRODUCING STATE WE'LL  HAVE COVERAGE FROM CROP TOUR." "AND FARMERS IN THE 2 PRODUCING STATE SAW A DRY SPELL THIS SUMMER. HOW MUCH YIELD DID IT  TAKE OFF WE'LL HAVE THAT COMING UP TODAY ON AGDAY." IN AGRIBUSINESS...IS IT A GOOD BUY FOR FEED. AND AND ECLIPSE EXPERIENCE FROM THE FAMILY DAIRY IN MISSOURI. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

TRUMP PROPOSES DROPPING OUT OF NAFTA
GOOD MORNING I'M CLINTON GRIFFITH FRESH OFF THE FARM JOURNAL CROP  TOUR. WE'LL CHECK IN ON TYNE MORGAN AND BETSY JIBBEN IN A MOMENT, BUT  FIRST OMINOUS WORDS FROM THE PRESIDENT OVER NAFTA. "PERSONALLY I DON'T THINK WE CAN MAKE A DEAL BECAUSE WE HAVE BEEN TAKEN SO BADLY TAKEN  ADVANTAGE OF."WHILE SPEAKING TO AN ASSEMBLY OF HIS SUPPORTERS IN PHOENIX, PRESIDENT  TRUMP SAID CANADA AND MEXICO BOTH GOT BETTER DEALS THAN THE U-S IN  THE NORTH AMERICAN FREE TRADE AGREEMENT. IN APRIL THE PRESIDENT THREATENED TO SIGN AN EXECUTIVE ORDER TO  WITHDRAW THE U-S FROM NAFTA. A WEEK LATER THE PRESIDENT TOOK A  COURSE-CHANGE AND ANNOUNCED A RENEGOTIATION WITH THE TRADING  PARTNERS. THOSE NEGOTIATIONS STARTED LAST WEEK. "SO I THINK WE WILL END UP PROBABLY TERMINATING NAFTA AT SOME POINT, OK, PROBABLY.  (AUDIENCE CHEERING) BUT - BUT, I TOLD YOU FROM THE FIRST DAY, WE WILL RENEGOTIATE NAFTA OR WE  WILL TERMINATE NAFTA. I PERSONALLY DON'T THINK YOU CAN MAKE A DEAL WITHOUT A TERMINATION, BUT  YOU'RE GOING TO SEE WHAT HAPPENS, OK? YOU'RE IN GOOD HANDS, I CAN TELL YOU." THE FIRST ROUND OF TALKS ENDED LAST WEEKEND. THE NEXT ROUND WILL BE  HELP NEXT MONTH IN CANADA. THE BIG STICKING POINT APPEARS TO BE OVER A SECTION OF THE AGREEMENT  THAT PERTAINS TO TRADE DISPUTE SETTLEMENTS. NAFTA ISN'T THE ONLY TRADE PACT UP IN THE AIR FOR THE U-S. SOUTH KOREA AND U-S TRADE OFFICIALS ARE STRUGGLING TO REACH AN  AGREEMENT ON WHETHER TO RE-OPEN TALKS ON A NEW BILATERAL FREE TRADE  AGREEMENT. THE U-S HAS REQUESTED FOR RENEGOTIATIONS OF THE TRADE DEAL THAT WENT  INTO EFFECT FIVE YEARS AGO. U-S TRADE REP ROBERT LIGHTHIZER SAYS THE U- S TRADE DEFICIT WITH SOUTH KOREA HAS MORE THAN DOUBLED TO 27 BILLION  DOLLAR LAST YEAR. THE MEETING ENDED WITHOUT A DECISION ON THE NEXT STEPS FOR POSSIBLE  REVISIONS. COVERAGE OF THE 2017 FARM JOURNAL MIDWEST CROP TOUR, IS BROUGHT TO YOU BY DUPONT  PIONEER. WITH YOU FROM THE WORD GO.

EASTERN LEG OF CROP TOUR
THE FARM JOURNAL MIDWEST CROP TOUR HEADS INTO ITS LAST DAY OF CROP  SAMPLING. TEAMS OF SCOUTS FROM THE EASTERN AND WESTERN CORN BELT ARE BOTH IN  IOWA THIS MORNING, HEADING INTO MINNESOTA. FROM  POCKETS OF DROUGHT IN THE WEST TO EXTREME VARIABILITY IN THE  EAST. THIS IS WHAT I SAW I TRAVELED FROM OHIO THROUGH INDIANA THIS WEEK. PLENTY OF GOOD LOOKING FIELDS FROM THE ROAD -- BUT FROM ABOVE--THE  MARKS OF A CHALLENGING PLANTING SEASON REMAIN.  ACRES UP ACRES OF REPLANT LEAVING CORN AND SOYBEANS BEHIND IN  MATURITY. LOOKING AT DAY TWO RESULTS, INDIANA'S AVERAGE CORN YIELD HIT 171  BUSHELS AN ACRE. PROFARMER'S THREE YEAR AVERAGE FOR THE SAME INDIANA DISTRICT IS 167  BUSHELS TO THE ACRE. THE POD COUNT COMES IN AT JUST UNDER 12-HUNDRED BEAN PODS IN A THREE- BY-THREE FOOT SQUARE. THAT'S SIMILAR TO THE THREE AVERAGE YEAR...BUT  CONDITIONS ARE DRIER THAN A YEAR AGO. NEBRASKA'S AVERAGE CORN YIELD IS REGISTERING AT 165 BUSHELS AN ACRE.  THAT'S THREE BUSHELS HIGHER THAN THE THREE YEAR AVERAGE. POD COUNT IS JUST OVER 11-HUNDRED PER SQUARE YARD. TYNE MORGAN TOOK OVER FOR ME ON THE SECOND HALF OF THE EASTERN LEG. SHE SPENT WEDNESDAY WITH SCOUTS IN ILLINOIS. USDA EXPECTS CORN YIELDS AT 188 BUSHELS TO THE ACRE AND SOYBEANS AT  58...BOTH BELOW 2016. TYNE WHAT ARE SCOUTS SEEING AND ARE THEY DISAPPOINTED IN THE YIELDS? ALMOST TWO-THIRDS OF IOWA IS IN AN ABNORMAL DROUGHT ON THE U.S.  DROUGHT MONITOR AND JUST UNDER HALF OF THE STATE IS RATED SEVERE.  YEAH, CLINTON, DISAPOINTING WOULD BE AN ACCURATE TERM. IT'S A WORD I'VE HEARD OFTEN FROM SCOUTS HERE IN ILLINOIS ON CROP TOUR. THEY KNEW CORN YIELDS WOULD BE DOWN, BUT THEY SAY THEY'R EMORE DISAPOINTED IN SOYBEANS THIS YEAR. 1<POD COUTN REALLY DOESN'T LOOK LIKE MUCH> FROM BOUNTIFUL BEANS IN 2016, SCOUTS JUST AREN'T SEEING THE SAME ON THIS YEAR'S ROUTE. SOYBEANS HAVE BEEN VEERY LOW, I MEAN JUST IN DISTRICT FOUR THAT WE CAM EIN THIS MORNING, I THINK WE DROPPED ABOUT 37 PERCENT IN POD COUNT YEAR ON YEAR WHAT WE NOTICE THE MOST IS THE PODS AT THE LOWER PART OF THE PLANT ARE JUST NOT THERE, > BUT FOR LOCAL FARMERS..THESE PLANTS ARE LOADED THEY'RE HOPEFUL THE CROP CAN FINISH STRONG. I HAVE SOME FIELDS THAT HAD MORE RAIN LAST NIGHT THAN THEY'VE HAD ALL SUMMER LONG. RAINS THAT MAY NOT BE TOO LATE FOR SOME OF THE LATER MATURITY BEANS. RIGHT NOW I'M NOT SAYING WE COULDN'T BE OUT OF MAYBE 5 TO 10 BUSHEL DOWN FROM WHERE WE WERE LAST YEAR, BUT WE GET ANOTHER RAIN, WE COULD BE RIGHT THERE WITH WHER WE WERE LAST YEAR IN SOME SCNEARIEOS" WHILE THE VERDICTI S STILL OUT ON SOYBEAN YIELDS, BOTH SCOUTS AND FARMERS AGREE ON ONE THING THERE'S A FAIRLY DECENT SIZE TIPBACK. CORN YIELDS ARE DEFINITELY DOWN IN ILLINOIS. YESTERDAY WE HEARD ONE OF THE INDIEPENDTS HAD DONE A SURVEY AND THEY ESTIMATED THAT OCUTY AT 190. WE HAD TROUBLE FINDING A FIELD AT OVER 175. WER'E TALKING CORN HERE. THAT'S ALL 225 DIRT. I THINK A GOOD YIELD HERE IN MCCLEAN COUNTY IS GOING TO BE 200 BUSHEL, 190 TO  200. AND NEAR CHAMPAIGN, OUTLOOKS ALSO POINT TO YIELD DOWN 15 PERCENT FROM 2016. "OVERALL WE'RE STILL DOWN FROM LAST YEAR. I'D SAY 30 TO 40 BUSHEL IN A LOT OF SCENARIOS" WHILE GRAIN FILL IS PARTIALLY THE PROBLEM..AREOUND HERE YOU'RE GOING TO FIND SOME KIND OF TIPBACK IT'S THE NUMBER OF EARS DRAGGING DOWN YIELDS. THE PROBLEM IS THAT THE EARS ARE JUST NOT THERE. SO WHEN YOU LOOK AT BEANS OR YOU LOOK AT CORN. WETHER IT'S PODS IN SOYBEANS OR EARS IN CORN, THE NUMBERS ARE JUST NOT THERE> AREA FARMERS SAY A ROUGHT START TO PLANTING COMBINED WITH  DRYNESS IN JUNE AND JULY IS PARTIALLY TO BLAME. 22 THIS YEAR WE DIDN'T' HAVE THAT HOT OF TEMPERATURES, IT WAS JUST THE SHORTAGE OF MOISTURE.BUT EVEN WITH YIELDS LAGGING LAST  YEAR"YOU OBVIOUSLY SEE THE DISPARITY INT EH THREE EARS HERE." MEYER SAYS IT'S NOT ENOUGH TO PROVIDE A BULLISH STORY IN THE CORN MARKET RIGHT NOW. THE PROBLEM IS IN MY OPINON YOU RELALY NEED TO GET THE YIELD BELOW 160 BEFORE IT MAKES  DIFFERENCE ON A NATIONAL AVERAGE, AND THE PROBLEM EVEN THOUGH I'VE NOT SEEN IWOA, I DON'T SEE ENOUGH BAD CORN TO SAY YEAH WE CAN GET THAT YIELD DOWN BELOW 160> SCOUTS ARE NOW HEADING WEST INTO EASTERN ILLINOS AND THEY WANT TO KNOW WITH THE DROUGHT, HOW GOOD OR HOW BAD IS THE CROP THIS YEAR.

WESTERN LEG OF CROP TOUR
BETSY JIBBEN IS IN THE WEST CENTRAL  PART OF THE STATE WHERE DROUGHT IS  CLEARLY EVIDENT. FOR MONTGOMERY COUNTY FARMER ROGER CERVEN, THIS GROWING SEASON  IS DESCRIBED IN A FEW WORDS. "IT'S PRETTY DRY." CERVEN SAYS THE RAINS SHUT OFF IN JUNE AND HAVEN'T TURNED ON MUCH. "THE CHALLENGES WE'VE HAD HAS BEEN SINCE THE LAST PART OF JUNE , AND THEN  THROUGH JULY, WE DIDN'T GET ANY RAIN.NOW IT'S THE 22ND OF AUGUST AND LAST MONDAY WAS THE LAST  GOOD RAIN WE'VE HAD ALL MONTH."LACK OF RAIN IS SHOWING UP IN HIS CROPS. "WE HAVE A FAIR AMOUNT OF CORN THAT'S BURNED UP 41 THE TIPBACK IS PRETTY  PREVALENT ON OUR BEST SOILS AND HYBRIDS."YET THE SCOUTS SAY THE ROUTE WE ARE ON FOR TOUR THROUGH  HARRISON AND MONONA COUNTIES ARE/ IS STILL SOUTH WEST OF THE VERY DRY  AREAS, SO THEY AREN'T TOO SURPRISED WITH THE CORN YIELD SAMPLES. "SOME OF THE RESULTS WE'VE SEEN DON'T' REALLY SURPRISE ME TOO MUCH NOT BEING IN  THE DROUGHT AREA.""220S, 240" WITH DRYLAND CORN MOSTLY IN THE 200 BALLPARK. YET THE BEANS MAY BE MORE OF A PROBLEM. "VARIBILITY IN THE BEANS, IT'S ASTONISHING TO ME. EHLERS WONDERS IF THE SOME FLAT PODS WILL EVEN FILL AND MAKE A BEAN. "WE ARE SEEING FLAT PODS ALL THE WAY DOWN THE PLANT TO THE BOTTOM WHICH TO MY KNOWLEDGE, NOT NORMAL.""I THINK THE BEANS WILL BE IN BIG TROUBLE WITH AN EARLY FROST.> IT'S SOMETHING CERVEN IS SEEING IN HIS AREA AS WELL. "QUITE A FEW PODS BUT THEY'RE ALL FLAT. WE DIDN'T HAVE ANY WATER TO FILL  THEM." NOT THE YEAR SOME IOWA FARMERS WANTED…

"IT'S NOT GOING TO BE ABOVE AVERAGE. IT WILL PROBABLY BE BELOW FOR OUR APH'S 27> EVEN THOUGH USDA EXPECTS IOWA TO PRODUCE A YIELD OF 188. FARMERS LIKE EHLERS SAY WE MAY NOT KNOW IF THE DROUGHT IN THE WEST  WILL IMPACT IOWA'S CORN YIELD UNTIL THE COMBINES ROLL. REPORTING IN  SOUTHWEST IOWA, I'M BETSY JIBBEN.

CROP COMMENTS
LETS TAKE A LOOK BEYOND CROP TOUR WITH OUR OWN MIKE HOFFMAN. HE HAS  TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. THERE ARE ALL KINDS OF PHOTOS AND COMMENTS FROM THE CROP TOUR IF  YOU'RE FOLLOWING IT ON TWITTER. HASH-TAG F-J-TOUR-17. CHIP FLORY'S DAUGTER EMAIL POSTED THIS PHOTO FROM WESTERN IOWA. SHE  SAYS WHILE IT LOOKS LIKE AN EVEN, CLEAN, SOYBEAN FIELD, THERE'S EVIDENCE  OF DROUGHT. AND THE POD COUNT WAS ONLY 900 IN A THREE-BY THREE-FOOT  SQUARE. SHE SAYS SOYBEAN BLOOMS WERE DRIED-UP. AND AGRITALK'S MIKE ADAMS PUT-UP THIS PHOTO FROM OSCEOLA COUNTY,  IOWA. THE CROP IS SEVERELY LODGED. THE YIELD POTENTIAL WAS 210 BUSHELS  AN ACRE. AND NOW HERE ARE SOME HOMETOWN TEMPS. DUPONT PIONEER IS AUCTIONING OFF A TIMPTE® SUPER HOPPER GRAIN TRAILER AND ALL PROCEEDS  WILL BENEFIT THE FFA.

TEASE
WHEN WE COME BACK WE'LL FLIP THE CONVERSATION FROM THE GRAIN FARMER  SIDE TO THE GRAIN BUYER SIDE. AND LATER, WE'RE SPENDING TIME WITH THE COWS FOR A ONCE IN A LIFETIME  EVENT. JOIN MARKET RALLY HOST CHIP FLORY LIVE FROM THE RABO AGRIFINANCE BOOTH AT THIS YEAR'S  FARM PROGRESS SHOW, AUGUST 29TH THROUGH 31ST.

FLOOR OF THE CME
IN AGRIBUSINESS MARKETS PAYING ATTENTION TO THE CROP TOUR AND  SEVERAL OTHER DYNAMICS WEDNESDAY.  LETS GET DETAILS FROM THE FLOOR. IT'S BEEN AN INTERESTING DAY IN THE GRAIN MARKETS WITH SOYBEANS AND SOYBEAN OIL TRADING HIGHER SOYBEAN OIL REALLY THE LEADER TO THE UPSIDE OVER THE COURSE OF THE DAY TODAY WAS NEWS OVERNIGHT THAT THE COMMERCE DEPARTMENT HAS MOVED TO RESTRICT THE IMPORTS OF BIOFUELS FROM ARGENTINA AND FROM INDONESIA THAT DO OF COURSE TO IDEAS THAT THEY ARE DUMPING VERY VERY CHEAP PRICES INTO OUR MARKET. BUT CORN AND WHEAT HAVE ALSO BEEN TRADING LOWER ON THE COURSE OF THE DAY MOSTLY ON SPECULATIVE SELLING THE FARM JOURNAL HAS BEEN FINDING SOME VERY MIXED RESULTS AS IT MOVES THROUGH THE STATE OF ILLINOIS AND BETTER RESULTS AS IT MOVES THROUGH THE STATE OF IOWA. CATTLE AND HOGS TRADING LOWER OF THE COURSE OF THE DAY HAS BEEN VERY LITTLE TRADE IN LIVESTOCK MARKETS AT LEAST IN THE CATTLE MARKETS HERE AS WE STARTED TO GET THE AUCTION MARKETS UNDERWAY. THE ELECTRONIC FED FED CATTLE EXCHANGES HAS ALREADY PASSED AND NO CATTLE TRADED THAT SO THERE'S FEARS THAT WE SEE IT MAY SEE SOMEWHAT WEAKER PRICES AS WE MOVE FORWARD. THANKS VERY MUCH. THIS IS JACK SCOVILLE VICE PRESIDENT OF PRICE FUTURES GROUP HERE ON THE SAME GROUP FOR SOME COMMENTS FOR THE MARKETS.

AGRIBUSINESS
WE'VE FOCUSED A LOT ON PRICES FOR GRAIN GROWERS. BUT WHAT DOES THIS YEAR'S YIELDS POTENTIAL MEAN FOR LIVESTOCK  FEEDERS. HERE NOW WITH BOB UTTERBACK OF UTTERBACK MARKETING BOB WITH PRICES TODAY YOU KNOW WE  THOUGHT AFTER THIS AUGUST REPORT THAT WE WOULD GET MAYBE BULLISH RHETORIC AND IT WOULD MOVE  PRICES HIGHER. IT HASN'T BAD NEWS FOR THE GRAIN GROWERS. BUT WHAT ABOUT FOR FEED BUYERS.  WHAT'S YOUR ADVICE FOR THEM. EXCELLENT OPPORTUNITY. NOW WE ARE AT A SEASONAL TIME PERIOD. I  THINK WE'RE STILL MODELING THE 93 MARKET WAS LATE AUGUST EARLY SEPTEMBER. ONCE WE GET INTO  SEPTEMBER SUPPLY DEMAND REPORT WE WILL CONFIRM LOWER YIELDS AND WE'LL PROGRESS THROUGH THE  DECEMBER AND AS THE BIN DOOR SHUT. I THINK THE MARKET WAS SEASONALLY BOUNCE BUT THE REAL  STRENGTH WILL BE NEXT SUMMER. SO I WANT TO. IT'S TIME NOW THAT START YOUR FEED BUYING. GET  YOUR FEED LOCKED UP ON A WIDE BASIS AND BUY THE FRONT END. YOU DON'T WANT TO BUY THAT  DEFERRED BY THE CARRY YOU WANT TO BUY THE FRONT END DEC CORN. AND MY PREFERENCE IS TO BUY IT  IN THE MONEY CALLS SO THAT IF I'M A LITTLE EARLY I CAN ROLL THE CALL DOWN BUT ESSENTIALLY START  ACCUMULATING SOME FEED NEEDS TIME NOW TO GET IN THE MARKET AND GET LOCKED UP IN REFERENCE  TO CORN BEAN IS NOT AS CLEAR CUT IF USDA IS RIGHT. FORTY NINE BUSHEL PLUS BEANS ARE GOING TO  HAVE A HARD TIME BUT I WOULDN'T WANT TO BE THE SAME TRADE STRUCTURED BUYING BEANS. REAL  QUICK LIVESTOCK PRICES. YOU KNOW EVEN THOUGH WE'VE SEEN SEEN RED ON THE BOARD FOR GRAINS WE'RE SEEING RED ON THE BOARD FOR A LOT OF LIVESTOCK TOO. I MEAN ARE WE KIND OF JUST IS THIS  SEASONAL RIGHT NOW OR REALLY WHAT'S WHAT'S.GOING ON I THINK WE'RE IN THE SEASONAL KIND OF  HORSES OUT IN THE NEXT FIELD AND KIND OF GET IN KIND OF LATE. I THINK THOUGH HOG STILL HAS MORE  DOWNSIDE WEAKNESS. IF I HADN'T GOT IT IF YOU'RE STILL OPEN ON YOUR HOGS FOR THE DECEMBER TIME  PERIOD I REALLY THINK THERE STILL SOME REAL WEAKNESS. EVERYBODY'S BEEN BETTING ON THESE  PACKERS COMING ONLINE. IT IS GOING TO RALLY THE MARKET. I STILL SAID THAT BACK IN MARCH I DIDN'T  THINK IT WAS GOING BULLISH AND I STILL SAY I SOLD THE MARKET INTO THIS. I'M VERY COMFORTABLE BEING  HEDGED RIGHT NOW. AND I THINK WE'LL PROBABLY GET ANOTHER $5 DOWNSIDE RISK. ALL RIGHT BOB  THANKS SO MUCH. WE APPRECIATE IT. STAY WITH US WE'LL HAVE A CHECK OF WEATHER AFTER THE  BREAK.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN AND MIKE I THINK A LOT OF  FOLKS THAT GROW COTTON DOWN IN THE SOUTH ESPECIALLY TEXAS ARE WATCHING THIS TROPICAL STORM AS  IT DEVELOPS. AND THERE ARE STILL SOME QUESTIONS. NATIONAL HURRICANE CENTER TAKING IT RIGHT INTO  COTTON COUNTRY IN TEXAS AND EVENTUALLY EASTWARD. OUR MODELS A LITTLE DIFFERENT AS WE'LL SHOW  YOU. BUT FIRST LET'S CHECK THINGS OUT A LITTLE FARTHER NORTH THINGS SEE KIND OF A STATIONARY FRONT  ALONG THE GULF COAST. THAT WILL KEEP A LOT OF THE MOISTURE FROM COMING FARTHER NORTH TO AREAS  OF HIGH PRESSURE BUILDING SOUTHWARD WEAK STORM SYSTEM MOVING MORE NORTHWARD AND JUST  BARELY ACROSS THE MIDDLE OF THE COUNTRY. SO WHILE YOU MIGHT THINK OH THIS IS GOING TO SPREAD  ACROSS THE GREAT LAKES NOT LOOK THAT WAY LOOKS LIKE IT'S GOING TO STAY OVER THE PLAINS STATES  FOR AT LEAST THE NEXT COUPLE OF DAYS AS WE HEAD THROUGH TOMORROW NIGHT THEN YOU SEE MOST OF  THE LOWER 48 DRY. AND ALONG THIS WARM FRONT FROM IOWA INTO PARTS OF THE NORTH CENTRAL PLAINS  LIKE SOUTH DAKOTA NEBRASKA WE ARE LOOKING AT SOME SCATTERED SHOWERS AND THUNDERSTORMS  AND THERE WILL BE SOME ACTIVITY DOWN ALONG THE GULF COAST. NOW HERE'S WHERE OUR COMPUTER  MODEL TAKES. TROPICAL STORM HARVEY AT THAT POINT RIGHT SOUTH OF MCALLEN TEXAS. AND TAKING IT  NORTHWESTWARD FROM THERE. THE NATIONAL HURRICANE CENTER USING DIFFERENT MODELS AND OURS  TAKING IT UP INTO CENTRAL TEXAS AND THEN CURVING IT TO THE EAST HEADING EASTWARD ALONG THE  GULF COAST. NOW IT WOULD BE BAD NEWS FOR THE COTTON CROP AND A LOT OF THAT AREA. YOU DON'T  NEED RAIN RIGHT NOW WHEN YOU'RE TRYING TO HARVEST SOMETHING WE'LL HAVE TO WATCH OUR MODEL  AGAIN TAKING IT INTO NORTHERN MEXICO. LET'S TAKE ANOTHER TAKE A LOOK AT THE PRECIPITATION  ESTIMATE OVER THE PAST 24 HOURS. YOU CAN SEE SOME AREAS A FEW SPOTS. NORTHERN PLAINS  EASTERN PORTIONS OF THE CAROLINAS AND VIRGINIA GETTING A LITTLE MOISTURE IN SOME SPOTS ACROSS  TEXAS INTO THE SOUTHWEST. IN THE NEXT 36 HOURS YOU SEE OUR MODEL LIVES A LOT IN SOUTH FLORIDA  A LITTLE BIT SCATTERED THROUGH TEXAS AND IT IS A WHOLE BUNCH LIKE A FOOT OR MORE. SOUTH OF  MCALLEN INTO NORTHERN MEXICO AGAIN IF THAT COMES FARTHER NORTH SO THAT SIX TO 10 INCHES 12  INCHES OF RAIN COULD MOVE INTO SOUTHEASTERN PORTIONS OF TEXAS SO SOMETHING WE'LL BE  WATCHING. TAKE A LOOK AT TEMPERATURES THIS AFTERNOON. BOY IS IT COOL FOR THIS TIME OF THE YEAR.  HERE WE ARE IN LATE AUGUST. WE'RE TALKING HIGHS IN THE 60S AND LOW 70S ALL ACROSS THE GREAT  LAKES. MANY PARTS OF THE NORTHEAST. THE HEAT'S REALLY BEEN SHOVED ALL THE WAY TO THE SOUTH  OF THAT STATIONARY FRONT AND YOU SEE LOWS TONIGHT STILL PRETTY MUGGY DOWN ALONG THE GULF  COAST. FARTHER NORTH 40S AND 50S ACROSS THE GREAT LAKES FOR LOW TEMPERATURES. AND THEN  TOMORROW AFTERNOON WE'RE LOOKING AT THE 80S KIND OF STAY IN THE SOUTH AGAIN WITH 60S AND 70S  STILL DOMINATING FARTHER NORTH. THAT'S ALL BECAUSE OF THE JET STREAMING SEE THE FIRST TROUGH KIND  OF MOVING THROUGH. THAT DOES LESSEN ITS INFLUENCE BUT LOOK MORE ENERGY DIVING IN AS WE HEAD  INTO NEXT WEEK THAT'S GOING TO KEEP THE TROUGH IN THE EAST AND THE RIDGE OUT WEST. A SIMILAR  PATTERN TOO MUCH OF THE SUMMER. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT  SOME LOCAL FORECASTS GOING TO ELKO NEVADA FIRST OF ALL PARTLY SUNNY AND RATHER WARM TODAY  HIGH OF 89 DEGREES MAINE DAILY. ILLINOIS A GOOD DEAL OF SUNSHINE AND COMFORTABLE HIGH 79 IN  HARTFORD CONNECTICUT MOSTLY SUNNY AND VERY COMFORTABLE HIGH AROUND 80 DEGREES. 

TEASE
AND WE'RE HEADED FOR MISSOURI WHERE THIS FAMILY FARM IS HOSTING SOME  HEAVENLY VIEWING.

DROVERS TV
IN NEWS FROM OUR PARTNERS AT DROVERS - AMERICAN CONSUMERS SAY THEY  ARE LESS WILLING TO PAY FOR ALL MEATS THAN THEY WERE A MONTH AGO. THAT  ASSESSMENT IS BASED ON OKLAHOMA STATE UNIVERSITY'S FOOD DEMAND  SURVEY. OSU'S SURVEY TRACKS CONSUMER SENTIMENT BASED ON SAFETY, QUALITY AND  PRICE OF FOOD WITH SPECIAL ATTENTION PAID TO MEAT DEMAND. THE MONTHLY SURVEY OF ONE-THOUSAND CONSUMERS FOUND A 6% DECLINE IN  DEMAND FOR STEAK AND A 4% DECLINE IN DEMAND FOR HAMBURGER. GREG HENDERSON SAYS: "CONSUMERS INDICATED THEY EXPECT BEEF PRICES TO REMAIN RELATIVELY  UNCHANGED AND CHICKEN AND PORK PRICES TO INCREASE SLIGHTLY, COMPARED TO ONE MONTH AGO.  CONSUMERS SAID THEY PLAN TO BUY LESS BEEF AND CHICKEN AND MORE PORK COMPARED TO LAST  MONTH. MEANWHILE, PLANS TO EAT OUT INCREASED SLIGHTLY COMPARED TO LAST MONTH."> HENDERSON SAYS THE NATIONAL BEEF RETAIL ACTIVITY INDEX WAS ALSO LOWER  LAST WEEK, IT'S EIGHT PERCENT BELOW YEAR-AGO LEVELS. HOWEVER, THESE  TRENDS IN AUGUST RETAIL BEEF TYPICALLY FOLLOW SEASONAL DECLINES. BEEF  RETAIL ACTIVITY REBOUNDS AROUND LABOR DAY AND IS NOTABLY HIGHER IN  OCTOBER. WHEN WE COME BACK, AN ECLIPSE EVENT STRAIGHT FROM THE FARM.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAYTHE ECLIPSE MAY BE OVER BUT THE BUZZ AROUND THE CELESTIAL EVENT  CONTINUES. AS MANY RURAL AREA GOT IN ON THE FUN. SHATTO MILK COMPANY IN OSBORN MISSOURI, OPENED THE FARM UP TO 350  CARS AND ROUGHLY 2000 PEOPLE TO COME WATCH THE ECLIPSE.  THE OWNERS SAY IT WAS A GREAT OPPORTUNITY TO SHOWCASE THE DAIRY, THE  FARM AND HAVE FUN AROUND A REALLY UNIQUE EVENT.  CLOUDS AND A BIT OF WET WEATHER DIDN'T DAMPEN SPIRITS.  AND THEN IT MOVED THROUGH CLOUD COVERING TO TOTALITY. IT GOT  EXTRODINARILY DARK. MUCH DARKER THAN I THOUGHT IT WAS GOING TO GET.  AND WE HAD A BREAK JUST IN TIME TO SEE A PERFECT TOTALITY. 2.27> THE FARM EVEN MADE UP T-SHIRTS AND SOLD BLACK MILK-- COOKIES AND  CREAM FLAVORED AHEAD OF THE EVENT. THEY ENDED UP WITH VISITORS FROM ACROSS THE REGION AND EVEN SEVERAL  COUNTRIES.

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

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close