AgDay Daily Recap -Dec. 3, 2015

December 3, 2015 02:57 AM
 

TODAY ON AGDAY
DEC. 3, 2015

OPENING HEADLINES:
A TRANSPORTATION BILL IN CONGRESS COULD BRING BENEFITS TO AG PRODUCERS. PLUS, REVISIONS TO U.S. AG EXPORT NUMBERS. IN AGRIBUSINESS...SORTING THROUGH RECENT VOLATILITY IN CATTLE MARKETS.
SO THIS IN THE NEW NORMAL IN THE CATTLE MARKET AND IT’S UPSETTING PEOPLE PLUS A LOOK AT NUTRITIONAL RESEARCH IN BEEF. AND A FLEA MARKET FIND THAT COULD HAVE A FAIRYTALE ENDING...IS THE MAN IN THIS PICTURE WHO SOME THINK IT IS?

CROP INSURANCE CUTS MAY BE RESOLVED WITH A HIGHWAY BILL COMPROMISE:
GOOD MORNING I'M CLINTON GRIFFITHS.
THREATS TO CROP INSURANCE MAY GET RESOLVED IF A CONGRESSIONAL CONFERENCE COMMITTEE MOVES FORWARD WITH PLANS TO RESTORE RECENT CUTS.
LAWMAKERS ARE USING A COMPROMISE HIGHWAY BILL TO REVERSE THE CROP INSURANCE CUTS THAT WERE PART OF THE TWO-YEAR BUDGET AGREEMENT.
THE CONFERENCE AGREEMENT OF THE HOUSE AND SENATE BILLS IS EXPECTED TO PASS THROUGH CONGRESS BY FRIDAY.
THE $3 BILLION IN CUTS WILL BE REPLACED BY A FEDERAL RESERVE DIVIDEND CUT FOR THE BANKING INDUSTRY.
IF THE HIGHWAY FUNDING BILL IS PASSED, IT WOULD BE THE FIRST MULTI-YEAR TRANSPORTATION FUNDING BILL TO LAST LONGER THAN TWO YEARS SINCE 2005.
THE BILL WOULD PROVIDE $305 BILLION OF FUNDING FOR HIGHWAYS, BRIDGES AND TRANSIT OVER FIVE YEARS.
IT'S ENCOURAGING CONGRESS IS LOOKING TO HAVE A MULTI-YEAR BILL. THE BIG CONCERN IS THAT THE FUNDING THAT'S BEEN IDENTIFIED ISN'T THAT SUSTAINABLE. AND THEY'VE FOUND SOME OFFSETS WITH GOVERNMENT AGENCIES THAT DON'T HAVE TO DO WITH TRANSPORTATION. ONE THINGS WE ARGUE, IS THAT WE SHOULD HAVE A SUSTAINABLE TRANSPORTATION SYSTEM IN WHICH USE OF THE SYSTEM PAYS FOR THE SYSTEM.
STEENHOEK SAYS LOOKING LONGER TERM-SINCE CARS ARE BECOMING MORE FUEL EFFICIENT, THE COALITION IS EXPLORING THE POTENTIAL OF A 'MILES TRAVELED' -TYPE SYSTEM...RATHER THAN A FUEL TAX.
ALSO INCLUDED IN THE BILL, AN AGREEMENT TO LET BULK TRUCKS CARRY MILK ACROSS STATE LINES WITHOUT NEEDING TO OFFLOAD AT THE BORDER DUE TO DIFFERING WEIGHT REQUIREMENTS.
MORE THAN 12-THOUSAND MILK TRUCKS CARRY MILK TO SOME 2-THOUSAND PROCESSORS EVERY DAY.
THE NATIONAL MILK PRODUCERS FEDERATION IS PRAISING THE AMENDMENT-URGING ITS PASSING.
AGRICULTURE EXPORT VALUE DROPS:
FROM OUR PARTNERS AT PROFARMER -THE VALUE OF U-S AGRICULTURAL EXPORTS SEEING ANOTHER DROP IT'S NOW FORECASTED AT 131-BILLION DOLLARS FOR FISCAL 2016. THAT'S DOWN 7 BILLION FROM THE AUGUST FORECAST AND MORE THAN 8 BILLION LESS THAN A YEAR PRIOR. THE VALUE OF US AG IMPORTS IS NOW AT 122 BILLION DOLLARS, LEAVING AN AGTRADE SURPLUS OF ABOUT NINE BILLION.
USDA ECONOMISTS SAY MOST OF THE DECLINE IS ACCOUNTED FOR BY LOWER COMMODITY PRICES, INCREASED SUPPLIES OF BEEF AND PORK AND BY DIMINISHING CHINESE DEMAND.
DROUGHT LINGERS IN CALIFORNIA:
CALIFORNIA RELEASING ITS FIRST FORECAST FOR THE STATE WATER ALLOCATION. AND IT REFLECTS THE LINGERING DROUGHT.
REGULATORS SAY AT THIS POINT IT WILL LIKELY ALLOCATE JUST TEN PERCENT OF
THE WATER REQUESTED BY 29 PUBLIC WATER AGENCIES.
THOSE WATER CONTRACTORS REQUESTED ABOUT FOUR-POINT-TWO MILLLION ACRE FEET OF WATER. BUT THE STATE CAN PROVIDE ONLY 420-THOUSAND ACRE FEET. CALIFORNIA SAYS DEPENDING ON HOW MUCH RAIN AND SNOW THAT HITS THE STATE THIS YEAR, THE ALLOCATION MAY BE INCREASED OR DECREASED. SOME ROW CROP FARMERS ARE RECEIVING A LITTLE BREAK FROM THE FIELDS, BUT COW-CALF PRODUCERS ARE STILL BUSY AT WORK. (FEEL FREE TO CHANGE)
CROP WATCH:
MIKE HOFFMAN HAS AN UPDATE IN THIS MORNING'S CROPWATCH. MIKE?
LET'S START OFF CROPWATCH IN SOUTHEAST SOUTH DAKOTA. THIS FARMER SAYS 'IT'S THE CALVES' LAST DAY WITH MOM BEFORE BEING WEANED.'
HE'S WEANING THIS WEEK BECAUSE THERE'S FINALLY A GOOD STRETCH OF DAYS TO WORK OUTSIDE.
THE WEATHER IS FORECASTED IN THE 30S WITH LITTLE CHANCE OF SNOW FOR THE REST OF THIS WEEK.
MOVING OVER TO SOUTHERN MINNESOTA, A FARMER IN THAT AREA SENT US THIS PHOTO OF THE THREE INCHES OF SNOW BLANKETING HIS FARM.
THE TEMPERATURE IS FORECAST TO BE IN THE 40S THIS WEEKEND.
AND TAKING A LOOK AT THE WEATHER MAP YOU CAN SEE THE FIRST SYSTEM MOVING AWAY ALONG THE EAST COAST STILL SOME RAIN IN FLORIDA THOUGH AND THE NEXT SYSTEM STARING TO MOVE IN THE WEST THAT’S PRODUCING SOME BENEFICIAL RAINS AND SNOW STORMS OUT THERE WE’LL TALK MORE ABOUT THAT AND HAVE YOUR FORECAST COMING UP.
DOW CHEMICAL TO RID PORTION OF HERBICIDE BUSINESS:
AS TAKE-OVER TALKS SPREAD THROUGH THE AG CHEMICAL INDUSTRY, DOW CHEMICAL IS GETTING RID OF A PORTION OF ITS HERBICIDE BUSINESS. DOW ANNOUNCED PLANS TO SELL-OFF ITS LINE OF D-N-A HERBICIDES TO THE GOWAN COMPANY. ONE BRAND NAME YOU MAY RECOGNIZE IS 'TREFLAN'. IT'S USED ON CORN AND COTTON FIELDS. IT'S PART OF THE SALE FALLING CROP PRICES LEAD TO TIGHTER FARMER INCOMES, WHICH IN TURN CAN IMPACT DEMAND FOR INPUTS. AGRIMONEY-DOT-COM REPORTS THAT DOW HAS BEEN INVOLVED IN TALKS WITH OTHER AG COMPANIES ABOUT THE POSSIBLE SALE OF ITS ENTIRE AG SEGMENT.

EPA:
ON THE HEALS OF IT'S R-F-S DECISION THE EPA SAYS IT WASN'T ADVERTISING THAT IMPACTED OFFICIALS FINAL DECISION.
ACCORDING TO THE HAGSTROM REPORT--CHRIS GRUNDLER, HEAD OF EPA'S OFFICE OF TRANSPORTATION AND AIR QUALITY, SAID "DESPITE ALL THE OVERHEATED RHETORIC," FROM THE OIL INDUSTRY AND THE ETHANOL LOBBY, EPA ADMINISTRATOR GINA MCCARTHY MADE THE DECISIONS BASED ON THE LAW, THE SCIENCE AND THE PUBLIC COMMENTS THAT WERE SUBMITTED IN WRITING AND AT HEARINGS. THE ENROLLMENT PERIOD FOR THE FEDERAL CONSERVATION RESERVE PROGRAM OPENED TUESDAY. THIS MONTH MARKS THE 30TH ANNIVERSARY OF THE FEDERALLY FUNDED PROGRAM. AS OF SEPTEMBER, 24.2 MILLION ACRES WERE ENROLLED.
PRODUCERS WITH EXPIRING CONTRACTS OR PRODUCERS WITH ENVIRONMENTALLY SENSITIVE LAND ARE ENCOURAGED TO EVALUATE THEIR OPTIONS UNDER CRP. THE ENROLLMENT PERIOD ENDS FEBRUARY 26TH, UP NEXT WE'RE TALKING CATTLE MARKETS AND RECENT VOLATILITY WITH TOMMY GRISAFI OF ADVANCE TRADING.
TEASE:
AND LATER, HOW MUCH WOULD YOU PAY FOR THIS OLD FASHIONED PHOTO?
IT MAY BE WORTH MILLIONS! WE'LL EXPLAIN WHY, WHEN WE HEAD IN THE COUNTRY.
RECEIVE A FREE TRIAL OF THE DIALY MARKET LETTER AND GAIN KNOWLEDGE ABOUT CURRENT MARKET CONDITIONS FROM THE PROFESSIONALS AT BOWER TRADING. VIEW THE MARKETS LIKE NEVER BEFORE. GO TO BOWER TRADING.COM.

FEDERAL RESERVE HINTS INTEREST RATES MAY HIKE THIS MONTH:
DURING A SPEECH WEDNESDAY, FEDERAL RESERVE CHAIRWOMAN JANET YELLEN HINTING AT AN INTEREST RATE HIKE THIS MONTH.
SHE SAYS ECONOMIC AND FINANCIAL INFORMATION IS CONSISTENT WITH EXPECTATIONS AND THEY EXPECT IMPROVEMENTS TO CONTINUE.
SHE SAYS QUOTE--EVEN AFTER AN INTIAL INCREASE THE FEDERAL FUNDS RATE AND MONETARY POLICY WILL REMAIN ACCOMMODATIVE. MOST ECONOMIST EXPECT RATES TO MOVE FROM 0 TO A QUARTER OF A PERCENT.
CME:
LETS SEE WHERE COMMODITY MARKETS FINISHED THE DAY--FOR THAT WE HEAD TO THE FLOOR OF THE CME IN CHICAGO.
GOOD AFTERNOON, GARY KOSLOWSKI WITH FARM FINANCIAL GOING OVER THE GRAIN REPORTS HERE. IT'S STILL A VERY BEARISH MARKET IN THE BEANS. EVEN THOUGH WE'RE IN OVERSOLD CONDITIONS NOW, AND THERE'S NO IMPACT ON ARGENTINA YET, A LOT OF EYES AND EARS WILL BE WATCHING NEXT WEEK'S USDA REPORT, WE HAD A PRETTY GOOD DAY ON CORN IF YOU LIKE THE SLOW SONG ON IT. IT'S QUITE BEARISH. WE SAW THE ETHANOL REPORTS WERE DOWN CONSIDERABLE FROM WHAT WE SAW LAST WEEK. THERE WAS A LOT OF PEOPLE WITH THE EPA COMING UP THE OTHER DAY. THEY WERE ANTICIPATING AN INCREASE ON USAGE ON THE CORN. THAT DIDN'T HAPPEN AT ALL. WE'RE GOING TO KEEP A CLOSE EYE ON THAT TO SEE IF IT RE-ADJUSTED ITSELF FOR NEXT WEEK. WE'RE GOING TO TAKE A LOOK AT FEBRUARY CATTLE. WHAT A CRAZY RIDE IN THIS. IT WAS DOWN AT THE OPEN THIS MORNING, IT CONTINUED DOWN. WE HIT LIMIT. WE BOUNCED OFF THE LIMIT. WE CAME UP A LITTLE BIT ABOUT A DOLLAR OR SO. IT BOUNCED RIGHT BACK DOWN. IT WAS AT LIMIT LAST I SAW. THE INVENTORIES ARE HIGH. THEY'RE SLOWING DOWN ON THE SLAUGHTER ON IT JUST A LITTLE BIT. AND THE ISSUE IS THAT AT THE RETAIL END, THERE STILL ISN'T A STRONG DEMAND THAT WE NORMALLY SEE AT THIS TIME OF YEAR. IT ISN'T SOMETHING THAT WE'RE GOING TO KEEP A CLOSE EYE ON. I'M SURE THE PACKERS ARE WAITING TO GET GEARED UP FOR THIS TIME OF YEAR. THIS IS GARY KOSLOWSKI WITH FARM FINANCIAL.
AGRIBUSINESS:
JOIN ME HERE AT THE AGRIBUSINESS DESK, TOMMY GRISAFI, ADVANCED TRADING. TOMMY, LET'S TALK ABOUT THE CATTLE MARKETS, BECAUSE WE HAVE SEEN SOME WILD SWINGS IN THE LAST TWO MONTHS IN THIS CATTLE MARKET. > YES, SIR. WELL, LIMIT UP, LIMIT DOWN IS JUST SOMETHING WE TALK ABOUT EVERY DAY ON TWITTER AND WITH OUR FRIENDS IN THE CATTLE INDUSTRY. SO HOW DO HANDLE THIS NEW VOLATILITY IN THE CATTLE INDUSTRY? WE HAVE THIS BIG BULL MARKET. WHY AS THE MARKET COMES DOWN ARE WE SO VOLATILE? A FEW THINGS HAVE CHANGED. ONE, THERE IS NO CATTLE PIT AT THE CME GROUP AND SO THAT WAS CLOSED RECENTLY; TWO, A LOT OF PEOPLE MOVED TO THE OPTIONS MARKET, SO WHEN CATTLE GO LIMIT UP OR LIMIT DOWN, THIS IS ALL SPEAKING FROM THE FUTURES SIDE, THE OPTIONS QUIT TRADING, BECAUSE THE OPTIONS LOCALS DON'T KNOW EXACTLY WHERE TO BID AN OFFER, BECAUSE THEY DON'T WHERE THE UNDERLYING FUTURES TRADING, AND SO SAY FOR EXAMPLE OVER THE LAST TEN DAYS WE HAVE TOUCHED LIMIT SEVEN OF THEM THE SECOND WE TRADE LIMIT UP OR LIMIT DOWN, SOMETIMES WITHIN A MINUTE OF THE OPEN WE ARE LIMIT UP OR LIMIT DOWN AND IT'S ALMOST LIKE WE HAVE QUIT TRADING FOR THE DAY AND IT MAKES ME WONDER IF WE WOULD TRADE BETTER IF WE HAD THE PITS, BUT THE PITS AREN'T COMING BACK, ANY MORE THAN DESK PHONES ARE COMING BACK, WE ARE ALL USING IPHONES, WE ALL HAVE WIRELESS TECHNOLOGY, SO THIS IS THE NEW NORMAL IN THE CATTLE MARKET AND IT'S UPSETTING PEOPLE. SO YOU HAVE TO DEAL WITH THIS VOLATILITY. THE CATTLE MARKET IS A NICHE MARKET THAT YOU SAW THE FINDS GET INTO, YOU SAW THE SPECULATOR GET INTO, WHEN PEOPLE DECIDE THAT THEY DON'T WANT TO GET INTO THAT MARKET OR THEY DIDN'T UNDERSTAND THE RISK THAT CAME WITH SPECULATING IN THAT MARKET, YOU SEE VOLATILITY AND WITH VOLATILITY  COMES OPPORTUNITY, BUT FOR SOMEONE WHO PAID TOO MUCH FOR THE CATTLE AS A FEEDER AND THEN THE PRICE COLLAPSES, THEY ARE JUST STUCK THERE WITH A LARGE LOSS AND SO YOU ARE SEEING BIG LOSSES COME OUT OF THE CATTLE INDUSTRY AND GUYS AT FEEDLOTS AND HERE IN AG, BANKERS TALK ABOUT IT. I'VE HAD SEVERAL CATTLE BANKERS OR GUYS IN THE AG INDUSTRY, WHO REPRESENT CATTLE GUYS GOING WE CAN'T GIVE OUT MONEY FOR PEOPLE TO LOSE THIS MUCH MONEY, SO YES INTEREST RATES ARE LOW, BUT IF YOU DON'T PAY BACK YOUR LOAN IT DOESN'T MATTER WHAT RATE THEY GAVE YOU THE MONEY AT.> YEAH, REAL QUICK IS THERE ANYTHING THAT CAN BE DONE TO HANDLE SOME OF THIS  AND TRY TO TAKE THAT RISK OUT?> WELL, THERE WAS A GROUP OF PEOPLE THAT WAS BUYING CATTLE AND NOT HEDGING THEM. YOU HAVE TO BUY THEM RIGHT. IF THE NUMBERS DON'T MAKE SENSE DON'T DO IT. AND USE THE POWERS OF THE MARKETS, THE FUTURES, THE OPTIONS, UNDERSTAND AND EDUCATE YOURSELF. SOME OF THE GREATEST LOSSES CAME FROM BEING NOT HEDGED. > ALL RIGHT, THANKS TOMMY. WE WILL BE BACK WITH MORE AGDAY IN JUST A MINUTE.
AGDAY -BROUGHT TO YOU BY BASF. GROW SMART WITH BASF AND GET THE MOST, ACRE AFTER ACRE, SEASON AFTER SEASON.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, I GUESS TONS OF HIGH PRESSURE RIGHT ACROSS THE MIDDLE OF THE COUNTRY, RIGHT? YES, IT'S GOING TO BE NICE WEATHER AS WE HEAD IN THE WEEKEND.
EVEN THE MESSY STORM OUT WEST IS GOING TO DRY OUT AS IT COMES EAST OF THE ROCKIES. FOR NOW, IT HAS A LOT OF MOISTURE WITH IT. THAT'S MAINLY IN THE FORM OF RAIN BUT A LITTLE BIT OF MOUNTAIN SNOW AS WELL. YOU CAN SEE AS THE SYSTEM MOVES INLAND, IT WILL CONTINUE TO PRODUCE BENEFICIAL MOISTURE AND THAT'S IN MANY PARTS OF OREGON AND WASHINGTON GETTING A LOT AS WELL. HIGH PRESSURE JUST TOTALLY DOMINATING THE MIDDLE OF THE COUNTRY, STILL SOME LINGERING SNOW MIXED WITH RAIN SHOWERS IN THE NORTHEAST. STILL SOME SHOWERS AND THUNDERSTORMS ALONG THIS COLD FRONT AS IT PUSHES THROUGH FLORIDA. THERE WILL BE AN AREA OF LOW PRESSURE KIND OF RIDING UP ALONG THAT FRONT THAT WILL KEEP THE RAIN GOING THROUGH THE SOUTHERN HALF OF FLORIDA AS WE HEAD THROUGH THE DAY TOMORROW. AS YOU CAN SEE TOMORROW, YOU CAN SEE THE FRONT NEAR THE GREAT LAKES. THERE MAY BE FLURRIES WITH THAT. AS THIS COLD FRONT CONTINUES TO COME EAST YOU CAN SEE HOW IT DRIES OUT EAST OF THE CONTINENTAL DIVIDE. THERE'S ALMOST NO CLOUDS WITH IT. BUT THE MOISTURE WILL CONTINUE TO PUT DOWN SOME LIGHTER AMOUNTS OF SNOW IN THE HIGHER ELEVATIONS AND RAIN ALONG THE COAST AS WE HEAD THROUGH THE DAY TOMORROW. PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS, IT'S ALL COASTAL. YOU CAN SEE MOST OF IT IN THE EAST AND WE'LL ADD ON THE NEXT 36 HOURS. MOST OF THAT WILL BE IN THE SOUTHERN HALF OF FLORIDA. BOY, ARE WE GOING TO CONTINUE TO ADD TO IT OUT WEST. LOOK AT THOSE AMOUNTS THERE. ONE, TWO, THREE INCH AMOUNTS. SOME OF THAT IS IN THE FORM OF SNOW. AS WE ADD ON THE NEXT 36 HOURS. YOU CAN SEE DECENT AMOUNTS IN PARTS OF MAINE AND HIGHER ELEVATIONS OUT WEST, ESPECIALLY THE SIERRA NEVADAS, A LOT OF SNOW COMING DOWN IN NORTHERN AND CENTRAL CALIFORNIA AND THOSE HIGHER ELEVATIONS FARTHER NORTH THROUGHOUT THE ROCKIES AND HIGH TEMPERATURES TODAY, YOU CAN SEE FROM COAST TO COAST IT'S ON THE CHILLY SIDE BUT NOT COLD FOR THIS TIME OF YEAR. 50S ALL THE WAY INTO PARTS OF THE SOUTHEAST IN THE PLAINS STATES. YOU CAN SEE AS WE HEAD THOUGH TONIGHT, LOW TEMPERATURES ARE IN THE 20S AND 30S IN THE HUGE AREA OF THE CORN BELT. THAT'S ALMOST THE WHOLE CORN BELT DROPPING DOWN. THAT'S MOST OF THE COUNTRY AS WELL. THE ONLY MILD AREA IS FAR SOUTH FLORIDA. THAT'S THE CASE TOMORROW AS WELL. THE AFTERNOON HIGH IS 76 IN MIAMI BUT LOTS OF 40S AND 50S IN THE MIDDLE OF THE COUNTRY. TAKE A LOOK AT THE JET STREAM. YOU CAN SEE THE TROUGH FINALLY MOVING AWAY THERE. JUST WATCH. EVERYTHING IS RIPPLING FROM WEST TO EAST. WE TRY TO GET A LITTLE CUT-OFF HERE AND THERE WHICH SLOWS THINGS DOWN BUT THIS WILL NOT ALLOW ANY BIG INTRUSION OF ARCTIC AIR IN ANY SHAPE OR FORM IN THE NEXT WEEK OR MORE IN THE LOWER 48. THAT'S A LOOK ACROSS THE COUNTRY.
REGIONAL WEATHER:
 NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL, FOR LINEMAN, COLORADO, THERE'S A GOOD DEAL OF SUNSHINE TODAY. THE HIGH TEMPERATURE IS 48 DEGREES. MCALLEN, TEXAS IS MOSTLY SUNNY AND MILD. THE HIGH IS UP AROUND 70. AND OHIO IS PARTLY SUNNY AND BREEZY AND CHILLY. THE HIGH TEMPERATURE IS AROUND 42.
TEASE:
WHEN WE COME BACK, WE'LL SEE HOW BEEF DEMAND IS HOLDING UP AND LOOK AT SOME RECENT NUTRITIONAL RESEARCH. AND LATER FIND OUT WHO THE MYSTERY MEN ARE IN THIS PICTURE. AND WHY THE IDENTITY MAY BE WORTH MILLIONS. ENTER TO WIN THIS YAMAHA KODIAK 700 EPS -A GREAT TOOL TO HAVE ON THE FARM. JUST GO TO AGDAY.COM AND CLICK ON THE LINK TO GET DETAILS. DEADLINE IS DECEMBER 16TH SO DON'T DELAY.
CONSUMER INDEX IMPROVED AMONG RESTAURANT BUSINESSES, PROVIDING HOPE FOR MEAT INDUSTRY:
A RESTURANT INDEX SHOWING CONSUMER ACTIVITY HAS IMPROVED IN OCTOBER, CALLING IT THE STRONGEST SINCE JULY.
THE MEAT INDUSTRY WATCHES CLOSELY BECAUSE THIS CAN BE A BAROMETER OF DOMESTIC MEAT DEMAND. OUR PROFARMER ANALYSTS SAY IT'S A GOOD INDICATION SOME CONSUMERS ARE CONTINUING TO EAT MEAT. YOU MAY REMEMBER -IN OCTOBER THE WORLD HEALTH ORGANIZATION SAID EATING PROCESSED MEAT LIKE HOT DOGS, HAM AND BACON RAISES THE RISK OF COLON CANCER. IT WENT ON TO ALLEGE THAT CONSUMING OTHER RED MEATS "PROBABLY" RAISES THE RISK OF CANCER TOO… BUT THE INCREASE IN RISK IS SO SLIGHT THAT EXPERTS SAID MOST PEOPLE SHOULD NOT BE OVERLY WORRIED ABOUT IT. CONSUMERS DECIDE EVERY DAY WHAT FOODS WE WILL EAT. AND AS WE JUST SHOWED YOU, THE VALUE OF BEEF IN THE DIET IS SOMETIMES QUESTIONED, EVEN CRITICIZED. HOWEVER, THE BEEF INUDSTRY SAYS BEEF DELIVERS HIGH NUTRITIONAL VALUE. SHARON ALSETH HAS DETAILS IN THIS VIDEO PROVIDED BY THE BEEF CHECKOFF.
EACH DAY, JOAN RUSKAMP SPENDS TIME AT HER FAMILY FEEDYARD CHECKING ON CATTLE. JUST AS SHE WORKS TO PROVIDE A BALANCED DIET FOR THE CATTLE, RUSKAMP ALSO CARES ABOUT THE FOOD SHE PROVIDES TO HER FAMILY.
"I THINK IT'S IMPORTANT FOR CONSUMERS TO KNOW THAT WE'RE PEOPLE AND I'M A MOM TOO. I HAVE CHILDREN AND NOW GRANDCHILDREN AND I REALLY CARE ABOUT WHAT THEY'RE EATING. OUR KIDS ARE BUYING MEAT IN GROCERY STORES, THEY'RE SERVING BEEF ON THEIR TABLES."
RUSKAMP SAYS SHE'S CONCERNED TO HEAR THAT SOME PEOPLE ARE CONFUSED ABOUT WHETHER BEEF FITS INTO A HEALTHY DIET.
"THE MOST IMPORTANT MESSAGE THAT I CAN SEND TO A CONSUMER ABOUT BEEF IS THAT IT'S HEALTHY. TO THINK ABOUT THE CALORIE CONTENT BEING LOW, A HUNDRED AND FIFTY CALORIES FOR A SERVING OF THE AMOUNT OF PROTEIN WHERE YOU'D HAVE TO EAT AT LEAST DOUBLE THAT IN ANOTHER PLANT PRODUCT TO GET THE SAME AMOUNT OF PROTEIN. SO IF THEY'RE CALORIE COUNTING AND THEY WANT TO GET THE BEST VALUE FOR CALORIES, THEY'RE GOING TO WANT TO REALLY RE-EXAMINE WHERE BEEF CAN FIT AND WHAT ROLE THAT HAS IN THEIR DIET."
BEEF CHECKOFF FUNDED RESEARCH BACKS UP THAT STATEMENT. THE RESEARCH SHOWS MANY AMERICANS ARE UNDER-CONSUMING PROTEIN AND COULD GAIN SIGNIFICANT HEALTH BENEFITS BY CONSUMING MORE LEAN BEEF.
"LEAN BEEF, I MEAN, I THINK IT COMES BACK TO THE NUTRIENT DENSITY AND THE NUTRIENT PACKAGE THAT'S CONTAINED WITHIN THERE. SO IT IS A VERY HIGH QUALITY PROTEIN, BUT NOT ONLY THAT IT HAS IRON, ZINC AND A WHOLE HOST OF OTHER VITAMINS AND MINERALS THAT ARE NECESSARY FOR OUR DIET AND ASSOCIATED WITH HEALTH BENEFITS. SO IF YOU CONSIDER THE CASE, FOR EXAMPLE, OF AN OLDER PERSON WHO IS ON A VERY ENERGY LIMITED BUDGET, WHEN WE'RE TALKING ABOUT THE NUTRIENT DENSITY OR NUTRIENT QUALITY OF THEIR DIET, THEN CONSUMPTION OF THINGS LIKE LEAN BEEF WOULD BE EXTREMELY IMPORTANT TO GET ALL OF THE OTHER NUTRIENTS THAT THEY NEED."
"WE HAVE RESEARCH TO BACK UP WHY PEOPLE SHOULD INCLUDE BEEF IN THEIR DIET. IT'S NOT OUR OPINION, IT'S NOT THAT STEVE AND I LOVE FEEDING CATTLE AND WE JUST WE WANT PEOPLE TO EAT BEEF. BUT WE CAN BACK IT UP WITH SOUND RESEARCH AND SOUND, FACTUAL PROOF THAT BEEF IS LOADED WITH NUTRIENTS, IT'S LOW CALORIES, IT'S GOOD FOR YOU, YOU CAN INCLUDE IT IN YOUR DIET AND YOU'LL BE HEALTHIER FOR IT."
RUSKAMP SAYS BEEF CHECKOFF FUNDED RESEARCH IS SCIENCE-BASED AND PEER REVIEWED. SHE BELIEVES THAT RESEARCH IS ESSENTIAL TO CONTINUALLY EXAMINE AND DEMONSTRATE THE VALUE OF LEAN BEEF IN HEALTHY DIET. I'M SHARON ALSETH REPORTING.

TEASE:
COULD THIS FLEA MARKET FIND BE WORTH MILLIONS OF DOLLARS? WE'LL TELL YOU THE STORY BEHIND THE PHOTO NEXT.
IN THE COUNTRY:
A NORTH CAROLINA COLLECTOR BOUGHT AN OLD COWBOY PHOTO AT A FLEA MARKET FOR 10 BUCKS. THOUGH NOT VERIFIED, IT COULD SHOW A NOTORIOUS GUNSLINGER. AND IF PROVEN-TRUE, THE VALUE OF THAT PHOTO COULD SHOOT INTO THE MILLIONS OF DOLLARS. MATT FRIEDMAN HAS OUR STORY.
WHO IS PEERING OUT FROM THIS OLD SNAPSHOT?
"IT IS SO IMPROBABLE THAT EVEN THIS PHOTO EXISTS." OH MAN IS IT OLD.
"THIS PHOTOGRAPH IS 135 YEARS OLD." SOME OF THE NAMES OF THE MEN MAY NOT BE FAMILIAR TO MOST PEOPLE.
"FIVE GRUFF LOOKING COWBOY TYPES IN A TINTYPE. THAT'S REALLY INTERESTING." "BARNEY MASON, AND PAT GARRETT." "THEN WE HAVE HERE, DIRTY DAVE RUDABAUGH WHO WAS ONE OF THE MOST NOTORIOUS KILLERS." BUT ONE MAN BEARS A DISTINCTIVE FEATURE. "AND THEN THEY'RE SEEING THE ENLARGED ADAM'S APPLE AND IT'S LIKE...
HUH???" NORTH CAROLINA ATTORNEY FRANK ABRAMS BELIEVES THAT'S BILLY THE KID. THE NOTORIOUS GUNMAN WHO DIED IN 1881.
"HE'S HOLDING AN UPSIDE DOWN BOTTLE OF LIQUOR."
AND WHAT A DEAL HE GOT. "THERE HAS NEVER BEEN A PICTURE OF THIS CALIBER, AND TO THINK THAT I FOUND IT AT SMILEY'S FLEA MARKET FOR TEN DOLLARS IS BEYOND AMAZING."
TRULY BEYOND. THE MAN ON THE LEFT IS BELIEVED TO BE SHERIFF PAT GARRETT--THE MAN WHO ULTIMATELY KILLED BILLY THE KID. "IT WOULD BE KIND OF LIKE A PICTURE OF ABRAHAM LINCOLN AND JOHN WILKES BOOTH IN THE SAME PICTURE." A VERIFIED PHOTO OF BILLY THE KID SOLD FOR FIVE MILLION DOLLARS IN OCTOBER. MAYBE IN SOME BIZARRE WAY, BILLY THE KIDD IS REACHING OUT TO ME."
ABRAMS IS WORKING TO GET HIS PHOTO VERIFIED--AND PERHAPS WRANGLE A BIG PAYOFF. MATT FRIEDMAN. ASSOCIATED PRESS.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY IN FARM COUNTRY.
PROMO:
I'M CLINTON GRIFFITHS. FRIDAY ON AGDAY OUR REPORTING PARTNERS FROM PROFARMER WILL BE HERE FOR THEIR WEEKLY PROFIT BRIEFING. AND METEOROLOGIST MIKE HOFFMAN LOOKS AHEAD TO THE WEEKEND. FOR REAL NEWS AFFECTING YOUR BOTTOM LINE, TUNE IN TO AGDAY.

 

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