AgDay Daily Recap -Dec. 29, 2015

December 29, 2015 02:57 AM
 

TODAY ON AGDAY
DEC. 29, 2015

OPENING HEADLINES:
COMING UP TODAY ON AGDAY THE NATION'S HOG HERD HITTING RECORD LEVELS ON SEVERAL FRONTS.
WINTER WEATHER TURNS DEADLY AS BLIZZARDS AND HEAVY RAINS RAGE. IN AGRIBUSINESS...THE IMPACT OF TECHNOLOGY ON MARKETS. THE CYCLE I THINK WILL ACTUALLY TURN THE OTHER WAY AND FLIP FLOP AND GO BACK THE OTHER AS WORLD ECONOMIES GET BETTER BECAUSE OF TECHNOLOGIES. AND KEEPING KIDS CONNECTED TO THEIR CLASSMATES WHILE BATTLING CANCER.
SWELL SWINE NUMBERS:
GOOD MORNING I'M CLINTON GRIFFITHS.
WILD WEATHER CAPPING OFF 2015--WE'LL TOUCH ON THAT IN A MOMENT.
BUT FIRST, A RECORD SETTING NUMBER OF SWINE FILLING BARNS LAST QUARTER. USDA ROLLING OUT IT'S LATEST QUARTERLY INVENTORY NUMBERS FOR ALL HOGS AND PIGS IN THE U.S.
AS OF DECEMBER 1, THE NUMBER OF HOGS AND PIGS IN THE U.S. WAS 68.3 MILLION HEAD. THAT'S UP ONE PERCENT FROM A YEAR AGO AND IS LARGEST INVENTORY SEEN SINCE USDA BEGAN THIS REPORT IN 1988.
THE BREEDING HERD (6 MILLION) IS UP ONE PERCENT AND THE MARKET HOG SUPPLY (62.3) IS ALSO UP ONE PERCENT....AND RECORD HIGH GOING BACK TO THE 80'S. THE NUMBER OF SAVED PIGS-PER-LITTER ALSO AT RECORD LEVELS...AS FARMERS OVERCOME RECENT PEDV CHALLENGES.
PED SHOWED UP A COUPLE OF YEARS AGO AND JUST DEVASTATED THE SIZE OF THE PIG CROP IN THE WINTER OF 2013 14 AND ENDED UP WITH A VERY SHORT SUPPLY AND RECORD HOG PRICES IN 2014 BUT WE CERTAINLY BOUNCED BACK PIGS PER LITTER THIS FALL QUARTER SEPT OCT NOV IT WAS A RECORD 10.53 HEAD. IT'S THE THIRD CONSECUTIVE QUARTER THAT WE'VE SET RECORDS ON THE PIGS PER LITTER.  AS HERD SIZES CONTINUE TO INCREASE, ANALYSTS EXPECT THE BIGGEST ROAD BLOCK WILL BE SLAUGHTER CAPACITY. THE COLLISION ANTICIPATED FOR THE FOURTH QUARTER OF 2016.
CHIPOTLE CONTINUES TO WORK ON HEALTH SAFETY:
FOLLOWING DOZENS OF ILLNESSES ATTRIBUTED TO E. COLI, CHIPOTLE HAS VOWED TO MAKE CHANGES IN ITS SUPPLY CHAIN. FOUNDER STEVE ELLS VOWED CHIPOTLE WILL RAMP UP SAFETY MEASURES AT THE COMPANY'S NEARLY 2,000 LOCATIONS.
AND THAT MEANS THE COMPANY WILL LIKELY RELY LESS ON LOCAL SUPPLIES THAT CAN'T COMPLY WITH SOPHISTICATED TESTING AND ALSO PREPARE INGREDIENTS SUCH AS CILANTRO AND LETTUCE IN A CENTRAL KITCHEN BEFORE SHIPPING IT TO LOCAL RESTAURANTS. THE WALL STREET JOURNAL SAYS CHIPOTLE'S MARKETING CAMPAIGN WAS BUILT AROUND DEGRADING AGRICULTURE, YET THE CAMPAIGN COULDN'T EXIST WITHOUT EFFICIENT AGRICULTURE. THE COMPANY'S STOCK IS DOWN 25 PERCENT THIS YEAR.
AVIAN FLU PUTS EGG PROCESSING FACILITY ON HOLD:
A PROPOSED 92 MILLION DOLLAR EGG PROCESSING FACILITY IS NOW ON HOLD IN IOWA...BECAUSE AVIAN FLU. THE FACILITY PLANNED FOR THOMPSON WOULD HAVE BROUGHT 200 JOBS. REMBRANDT ENTERPRISES ANNOUNCED PLANS FOR THE FACILITY JUST TWO MONTHS BEFORE BIRD FLU STRUCK IOWA EGG PRODUCERS.
USE OF RAIL CAPACITY AIMS TO REDUCE MIDLAND’S CARBON FOOTPRINT:
ARCHER DANIELS MIDLAND COMPANY IS EXPANDING ITS ETHANOL OPERATIONS OUTSIDE THE CORN BELT. ADM ANNOUNCED JUST BEFORE CHRISTMAS IT WILL TEAM-UP WITH KINDER MORGAN, INC. AND BAILEY FEED MILL TO CONSTRUCT A NEW UNIT TRAIN RAIL FACILITY AND ETHANOL OFFLOADING SYSTEM IN SELMA, NORTH CAROLINA.
THE COMPANIES SAY THE PROJECT WILL REDUCE THE ETHANOL-DELIVERY CARBON FOOTPRINT THROUGH MORE EFFICIENT USE OF RAIL CAPACITY AND PIPELINES. USDA SAYS CHINA INCREASED THE AMOUNT OF ETHANOL IT IMPORTS FROM THE UNITED STATES THIS YEAR. THE AGENCY CREDITS A TRADE MISSION FOR PART OF THE SUCCESS.
AG EXPORTS TO CHINA TRIPLE OVER LAST DECADE:
CHINA IS ALREADY THE LARGEST MARKET FOR U-S FOOD AND FARM PRODUCTS. THE AG DEPARTMENT SAYS AG EXPORTS TO CHINA TRIPLED OVER THE LAST DECADE. USDA SAYS ETHANOL EXPORTS JUMPED FROM EIGHT MILLION TO 86 MILLION DOLLARS SINCE MAY OF 2014.
SOUTHERN PLAINS EXPERIENCE FLOODING:
PEOPLE ARE PUTTING THEIR LIVES AT STAKE BY COMING OUT TO COME GET YOU BECAUSE YOU'RE STRANDED IN WATER. IF YOU JUST TAKE 30 SECONDS TO THINK ABOUT IT, JUST DON'T DRIVE OVER THE ROADWAY. GO A DIFFERENT WAY." 2:01
THAT WAS THE WARNING FROM OFFICIALS ACROSS MUCH OF THE SOUTHERN PLAINS AS HEAVY RAINS AND SEVERE WEATHER PELTED THE REGION.
SINCE WEDNESDAY MORE THAN 40 PEOPLE HAVE DIED INCLUDING 8 MISSOURI.
IN THE TEXAS PANHANDLE HEAVY SNOW AND HIGH WINDS CREATED BLIZZARD LIKE CONDITIONS. DRIFTS COVERED HIGHWAYS AND TREES AND POWER LINES WERE KNOCKED DOWN. CINDI CLAWSON HAS SOME MORE IMAGES OF THE "FROZEN TUNDRA" OF THE SOUTHWEST. GOOD MORNING CLINTON.
CROP WATCH:
CLAY FRANKLIN POSTED PHOTOS ON FACEBOOK OF THE WINTER STORM THAT'S PUMMELED THE SOUTHERN PLAINS. HE LIVES NEAR CLOVIS NEW MEXICO. HE SAYS THERE ARE REPORTS OF 20 INCHES OF SNOW FALL. BUT IT'S DIFFICULT TO MEASURE THE SNOW WHEN 50 MILE AN HOUR WINDS ARE BARING DOWN. YESTERDAY MORNING -AFTER THE WINDS BACKED-OFF -HE FOUND A FENCE LINE WITH SNOW NEARLY TO THE TOP. SOME FOLKS ARE STARTING TO GET AROUND NOW. BUT OTHER COUNTY ROADS ARE STILL CLOSED WITH FOUR FOOT DRIFTS.
NORTHERN ILLINOIS GOT HIT WITH FREEZING RAIN AND SLEET ON MONDAY.
OVER THE WEEKEND THE AREA GOT A LOT OF RAIN. THIS FIELD IS NEAR THE TOWN OF KINSMAN -WHICH IS ABOUT AN HOUR SOUTHWEST OF CHICAGO. PLENTY OF STANDING WATER IN THE FIELDS AND DITCHES.
WIND MACHINES HELP SAVE CALIFORNIA FRUIT IN FREEZING TEMPERATURES:
MEANWHILE FRUIT GROWERS IN CALIFORNIA'S SAN JOAQUIN VALLEY HAVE ESCAPED TWO NIGHTS OF FREEZING TEMPERATURES.
CALIFORNIA CITRUS MUTUAL SAYS MANDARIN ORANGES WERE MOST AT RISK WHEN TEMPS DIPPED INTO THE UPPER 20'S OVER THE WEEKEND. BUT GROWERS USED WIND MACHINES TO MODERATE THE COLD. C-C-M SAYS THOSE LARGE FANS CAN RAISE GROVE TEMPS BY THREE-TO-FIVE DEGREES. LEMONS AND ORANGES ARE MORE TOLERANT. WELL IT HAS BEEN A MESSY WEATHER WEEKEND AND INTO PART OF EARLY PART OF THE WEEK WE'LL SEE IF SOME OF THAT MESSY WEATHER IS GOING TO BE CONTINUING AS WE HEAD INTO THE NEW YEAR CLINTON
IN OUR DAIRY TODAY REPORT, MILK PRICES FINISHING UP 2015 IN LESS THAN STELLAR FASHION AND SOME EXPERTS SAY THE TREND ISN'T OVER.
LATEST MILK PRODUCTION REPORT:
UNIVERSITY OF WISCONSIN'S BOB CROPP SAYS U.S. MILK PRODUCTION CONTINUES TO RISE....ALTHOUGH THE INCREASE IS SLOWING DOWN.
IN THE LATEST MILK PRODUCTION REPORT, 8 OF 23 REPORTING STATES SHOWED A DECREASE IN OUTPUT. WITH CLASS 3 PRICES EXPECTED TO BE NEAR 13 IN THE FIRST QUART OF THE YEAR, AND CLASS 4 PRICES BELOW THAT...HE ANTICIPATES COW SLAUGHTER WILL START TO PICK UP AND MILK PER COW NUMBERS WILL COME DOWN AS WELL. PART OF THE PRESSURE ON PRICES COMES FROM ACROSS THE POND.
THE ACCORDING EUROSTAT'S ANNUAL DAIRY COW INVENTORY--EUROPE STARTED 2015 WITH MORE COWS THAN THE PREVIOUS YEAR --ROUGHLY 23 AND A HALF MILLION --AND THAT'S NUMBER WAS EXPECTED TO GROW THROUGH OUT THE YEAR AS PRODUCTION QUOTAS LIFTED.
THE BIGGEST GAIN ON THE YEAR COMING IN IRELAND WHERE MILK PRODUCTION INCREASED MORE THAN 10 PERCENT.
COMBINED WITH GROWTH HERE AT HOME, GLOBAL DAIRY STOCKS ARE EXPECTED TO BE HIGH TO START 2016.
CHOCOLATE MILK MAY AID IN CONCUSSION RECOVERY:
A STUDY BY THE UNIVERSITY OF MARYLAND SAYS THERE MAY BE A CONNECTION BETWEEN HIGH PROTEIN CHOCOLATE MILK AND CONCUSSION RECOVERY.
THE RESEARCHERS FOLLOWED NEARLY 500 HIGH SCHOOL FOOTBALL PLAYERS.
THEY FOUND THAT PLAYERS WHO DRANK THE CHOCOLATE MILK DURING THE SEASON SHOWED POSITIVE RESULTS IN THEIR COGNITIVE AND MOTOR FUNCTION. THE SCIENTISTS SAY THE MILK HAS SOMETHING CALLED BRANCHED CHAIN AMINO ACIDS WHICH HAVE BEEN SHOW TO IMPROVE COGNITION IN MICE WITH BRAIN INJURIES.
TEASE:
ALRIGHT UP NEXT, JIM BOWER JOINS ME AT THE AGRIBUSINESS DESK AS HE TRIES TO WRAP HIS HEAD AROUND RECENT MARKET TRENDS...INCLUDING THE IMPACT TECHNOLOGY MAY BE HAVING ON PRICES LONGER TERM.
WE'RE TALKING LOW HOUR TRACTORS THIS WEEK FOLKS ONE THAT SOLD LAST AND ONE THAT'S COMING UP. AND LATER, HELPING KIDS WITH CANCER STAY CONNECTED TO THEIR
CLASSMATES. DETAILS TODAY ON IN THE COUNTRY. RECIEVE A FREE TRIAL OF THE DAILY MARKET LETTER AND GAIN KNOWLEDGE ABOUT CURRENT MARKET CONDITIONS FROM THE PROFESSIONALS AT BOWER TRADING. VIEW THE MARKETS LIKE NEVER BEFORE. GO TO BOWERTRADING DOT COM.
CME:
IN AGRIBUSINESS IT'S ANOTHER HOLIDAY WEEK FOR MARKETS.
LETS SEE HOW THINGS KICKED OFF MONDAY FROM THE FLOOR OF THE CME IN CHICAGO. GRAIN MARKETS TRADING LOWER HERE AS WE START THE WEEK OFF. IT'S BEEN A BIT OF A DISAPPOINTING MARKET, ONE RELATED A LOT TO THE WEATHER DOWN IN SOUTH AMERICA.
AGRIBUSINESS:
JOINING ME HERE AT THE AGRIBUSINESS DESK JIM BOWER BOWER TRADING JIM LET'S TALK ABOUT I DON'T THE PSYCHOLOGY OF THE MARKET IT ALMOST FEELS LIKE WE'RE JUST KIND OF IN A DIFFERENT A DIFFERENT MARKET THAN WE WERE A FEW MONTHS AGO OR EVEN A FEW YEARS AGO.>> WELL AS YOU KNOW I'VE BEEN IN THIS BUSINESS A LONG LONG TIME. >> THAT'S RIGHT YOU'VE SEEN IT.>> AND I'VE SEEN A LOT OF CHANGE BUT IT'S ALMOST BEEN BOTHERING ME HERE LATELY WHY THE COMMODITY MARKET IN GENERAL IS SO WEAK WHEN YOU LOOK OVER THERE AT THE STOCK MARKET AND THE BOND MARKETS I MEAN WHAT'S GOING ON HERE SO I KEEP THINKING ABOUT IT AND KEEP TRYING TO PROBE FOR THE ANSWER AND IT SEEMS TO ME AND JUST BROAD GENERAL TERMS WE'RE IN KIND OF DEFLATIONARY TECHNOLOGY CYCLE.>>

NATIONAL WEATHER:

WELCOME BACK TO AGDAY. METEOROLOGIST CINDI CLAWSON IN TODAY. CINDI LOOKS LIKE THIS STORM IS FINALLY START TO WORK ITS WAY OUT OF THE MIDDLE OF THE COUNTRY AND INTO THE NORTHEAST. IT IS AND BOY HAS IT BEEN NASTY. BETWEEN SEVERE WEATHER IN THE SOUTH DEVASTATING SEVERE WEATHER AND THEN HORRIBLE WINTRY WEATHER THAT'S BEEN BRINGING ICE AND SNOW. THIS STORM IS REALLY BEEN A DOOZY.
TEASE:
MACHINERY PETE JOINS US WHEN WE COME BACK WITH SOME INTERESTING PRICES AT RECENT AUCTIONS.
AND LATER, MISSING YOUR FRIENDS CAN BE ONE OF THE HARDEST THINGS ABOUT HAVING CANCER AS A CHILD.
A NEW PROGRAM IS HELPING KIDS KEEP CONNECTED..THAT STORY COMING UP ON AGDAY.

MACHINERY PETE:

GREG PETERSON--WORKING AROUND OUR HOLIDAY SCHEDULE THIS WEEK-MOVING
FROM MONDAY TO TUESDAY FOR US. HE SAYS DESPITE SOME SOFTNESS IN MACHINERY MARKETS, LOWER HOUR TRACTORS WITH A LITTLE BIT OF AGE CAN STILL FETCH A TOP PRICE.
THANKS GREG. WHEN WE COME BACK, KEEPING KIDS WITH CANCER TOP OF MIND WITH THEIR
FRIENDS, THANKS TO DAILY REMINDER.

 

IN THE COUNTRY:
THERE'S NOTHING NORMAL ABOUT LIFE WITH STAGE 4 CANCER--ESPECIALLY WHEN YOU'RE ONLY 5 YEARS OLD. BUT CHILD LIFE SPECIALISTS AT THE UNIVERSITY OF MISSOURI'S CHILDREN'S HOSPITAL DRAW ON A NATIONAL PROGRAM TO KEEP KIDS CONNECTED WITH THEIR PEERS DURING THIS DIFFICULT TIME. TERESA SNOW HAS MORE IN THIS REPORT FROM THE UNIVERSITY OF MISSOURI HEALTH.
WHILE RHYAN LOOSE STAYS AT UNIVERSITY OF MISSOURI'S CHILDREN'S HOSPITAL FOR CANCER TREATMENT… HER FRIENDS GO TO SCHOOL.
AS RHYAN BUILDS A CASTLE IN THE HOSPITAL PLAYROOM, SOMEBODY IS TAKING RHYAN'S SEAT IN KINDERGARTEN CLASS.
"RYAN GET WELL SOON" FROM THE UNIVERSITY OF MISSOURI TERESA SNOW REPORTING.
CLOSING:
 THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
FOR CINDI CLAWSON AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.

PROMO:
I'M CLINTON GRIFFITHS. WEDNESDAY ON AGDAY TOMMY GRISAFI FROM ADVANCE
TRADING JOINS ME AT THE AGRIBUSINESS DESK. HE'LL COMMENT ABOUT
INTEREST RATES IN THE YEAR AHEAD. CINDI CLAWSON IS TRACKING YOUR NEW
YEARS WEATHER. WATCH ME WEEKDAYS ON AGDAY.

 

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