AgDay Daily Recap -December 13, 2016

July 15, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
DECEMBER 13, 2016


HEADLINES
COMING UP TODAY ON AGDAY - WILL THE FED RAISE INTEREST RATES THIS  WEEK? PLUS THE LINGER IMPACTS OF HURRICANE MATHEW ON PEANUTS IN  SOUTH CARIOLINA. IN AGRIBUSINESS...WHAT TO DO WITH THE RECENT RUN IN SOYBEAN PRICES. GOOD NEWS AND BAD NEWS WITH THAT I THINK YOU COULD SEE A LOT MORE VOLITILTY COULD NEW LIGHTS IN THE DAIRY CASE MAKE YOUR MILK TASTE BETTER? AND  TIS THE SEASON...CITRUS SEASON IN LOUISIANA. AGDAY-BROUGHT TO YOU BY  THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

WAITING FOR INTEREST RATE HIKE
GOOD MORNING I'M CLINTON GRIFFITHS. CONGRESS HAS ADJOURNED FOR ITS  CHRISTMAS BREAK HAVING JUST COMPLETED A STOPGAP FUNDING BILL...AND A  WATER RESOURCES BILL. STILL THIS WEEK, WALL STREET WILL BE WAITING TO  SEE IF THE FEDERAL RESERVE WILL INCREASE INTEREST RATES, AS EXPECTED.  ACCORDING TO PROFARMER'S WASHINGTON CONSULTANT, THE REAL FOCUS  WILL BE ON FED CHAIR JANET YELLEN...AND HOW SHE  DESCRIBES THE U-S ECONOMY MOVING FORWARD UNDER A PRESIDENT TRUMP  ADMINISTRATION. BOB UTTERBACK SAYS IF THE RALLY CONTINUES COMMODITIES  WON'T SEE FUNDS PUSH MARKETS UNLESS THERE'S A MAJOR WEATHER EVENT. I THINK OVERALL A BULLISH EQUITY MARKET BUILDS A STRONGER LONG TERM GRAIN MARKET. BUT I THINK MONEY IS GOING TO FLOW FROM THE COMMODITIES TO THE EQUITIES FOR MOST OF 17 AND 18 AND  EVENTUALLY WE WILL CATCH UP. BUT I THINK 17 MONEY WILL COME BACK INTO COMMODITY ONLY IF YOU  HAVE A WEATHER SCARE. WE HAVE TO WATCH OUR MONEY FLOWS AND THAT MEANS THAT'S JAN FEB FOR SOUTH AMERICA AND JUNE JULY . UTTERBACK SAYS WATCH FOR THOSE WEATHER SCARES DURING TWO TIME  PERIODS DURING THE YEAR. JANUARY AND FEBRUARY IN SOUTH AMERICA AND JUNE AND JULY HERE IN THE  U.S. THROUGH-OUT THE FALL HARVEST, WE TALKED ABOUT THE MASSIVE CORN AND  SOYBEAN CROPS IN THIS COUNTRY. THOSE ABUNDANT BUSHELS PUT STORAGE  AT A PREMIUM. MANY ELEVATORS WERE FORCED TO STORE ON THE GROUND.

PEANUT PROBLEMS
IT APPEARS 2016 PEANUT CROP IS IN THE SAME SITUATION.   USDA PUTS DOMESTIC PEANUT PRODUCTION AT THREE-POINT-ONE MILLION  TONS. BUT THE NATIONAL PEANUT BOARD FEELS THAT ESTIMATE IS TOO HIGH. IT  EXPECTS THE CROP - WHICH IS STILL BEING HARVESTED - AT UNDER THREE  MILLION TONS. THE STATE OF GEORGIA PRODUCES MORE THAN HALF OF THE U-S PEANUT CROP. HURRICANE MATTHEW CREATED A SECOND YEAR OF TOUGH HARVEST  CONDITIONS FOR SOUTH CAROLINA FARMERS.PRODUCERS SAY THE DAMAGE IN THE NORTHEASTERN PART OF THE STATE  MOSTLY IMPACTED COTTON AND PEANUTS.  BETSY JIBBEN RECENTLY STOPPED AT A PEANUT BUYING STATION IN THE HEART  OF THE FLOOD TO SEE THE AFTERMATH OF HURRICANE MATTHEW. A NEW BATCH OF RUNNER PEANUTS ARE DISAPPEARING INTO THE PIT UNLOADING AT PEE DEE PEANUT, A BUYING STATION IN MULLINS, SOUTH  CAROLINA.."THAT'S A LOT OF PEANUT BUTTER!"A SIGHT CO-OWNER DUPREE ATKINSON IS THANKFUL HE'S SEEING, CONSIDERING  A TOUGH TWO HARVESTS FOR PEANUT GROWERS.  "THIS IS PROBABLY THE MOST HISTORIC RAIN EVENT I'VE EVER EXPERIENCED IN MY LIFETIME. THIS YEAR  COUPLED WITH LAST YEAR IS A DIFFICULT HARDSHIP FOR FARMERS AROUND HERE,"TROPICAL STORMS AND HURRICANE MATTHEW SWEPT THROUGH THE  SOUTHEAST IN 2016.  "WE DIDN'T LOSE A LOT OF SOYBEANS. WHAT WE LOST WAS PEANUTS AND COTTON FROM THIS FLOOD,"GROWERS LIKE NEAL BAXLEY COULDN'T DIG IN TIME. "IT'S SO DISAPPOINTING WITH THE PEANUTS. WE HAD SUCH A PROMISING CROP,"THEN 15 INCHES IN THE MONTH OF SEPTEMBER OF RAIN. WE WEREN'T ABLE TO DIG. THEN HURRICANE  MATTHEW HIT AND WE HAD 20 INCHES IN LESS THAN A 24 HOUR PERIOD,"BUT THE HARDSHIPS STARTED BACK IN 2015.  NE SOUTH CAROLINA GROWERS RECEIVED -- INCHES OF RAIN - AND IT DIDN'T  SHUT OFF WELL INTO DECEMBER. IT CAUSED MOLD AND DAMAGE TO THE  PEANUTS. GROWERS SAY THE RAINS SHUT OFF IN THIS YEAR  AFTER THE HURRICANE. STILL  A LOSS BUT IT SALVAGED SOME OF THE CROP.   "WE PROBABLY HAD HALF OF A VIRGINIA PEANUT CROP,"STILL, MANY OTHERS EXPERCING A YIELD CUT IN 2016 TOO. "THIS WHOLE FIELD IN GENERAL, THEY PROBABLY LOST 400 OR 500 POUNDS TO THE ACRE ON YIEL  BECAUSE NOT BEING DUG ON TIME. IT WAS A SIGNIFICANT LOSS,"ATKINSON SAYS 2015 WAS A QUALITY ISSUE FOR THE PEANUT CROP. 2016 WAS A  QUANTITY ISSUE IN MANY FIELDS.... "HERE AT THE STATION, 30 TO 50 PERCENT OF OUR PEANUTS WERE GOING SEG. 2 WHICH FARMERS WERE  LOSING 300 DOLLARS A TON. WHEREAS THIS YEAR, IT'S A QUANTITY ISSUE. FARMERS HAD PEANUTS ON TOP  OF THE GROUND THAT WERE PICKING PEANUTS BEFORE HTE STORM WERE AVERAGING RIGHT AT 38  HUNDRED TO 2 TONS TO THE ACRE. WE LOST A LOT OF YIELD."THE TWO TOUGH YEARS IS A REDUCTION FOR BUYING STATIONS.  ATKINSON PEE DEE PEANUT IS EXPERIENCING ROUGHLY 38 PERCENT LOSS OF  PEANUT VOLUME THIS YEAR.  IT WAS ROUGHLY 20 PERCENT LOSS OF VOLUME LAST YEAR FROM EXPECTED  YIELD. "IF YOU TAKE OUT LAST YEAR, THIS STATION WAS BUYING PRETTY MUCH 2 TONS TO THE ACRE, THIS YEAR,  WE'RE GOING TO BUY 28 HUNDRED POUNDS TO THE ACRE. PRETTY SIGNIFICANT LOSS,"AS TRUCKS CONTINUE TO UNLOAD.... ATKINSON IS THANKFUL BUT HOPEFUL FOR NEW SEASON... "THERE'S JUST SOMETHING DIFFERENT ABOUT THE BREED OF A FARMER, THAT MAKES THEM WANT TO GO  AND DO AND CHALLENGE OF TRYING AGAIN."A FEAT GROWERS CONTINUE TO TACKLE YEAR AFTER YEAR AND HOPE MOTHER NATURE COOPERATES.  REPORTING IN MULLINS, SOUTH CAROLINA, I'M BETSY JIBBEN.  THANKS BETSY.ATKINSON SAYS MUCH OF THE AREA PRODUCED A LOT OF POORER QUALITY  PEANUTS LAST YEAR.CHINA CAME IN AND BOUGHT THE ALMOST UNMARKETABLE CROP, WHICH HELPED  CLEAR THINGS OUT.

WRDA HEADED TO PRESIDENT OBAMA
A MAJOR WATER RESOURCES AND INFRASTRUCTURE BILL IS NOW HEADED FOR  THE PRESIDENTS DESK.CONGRESS PASSED A CONFERENCED BILL OVER THE WEEKEND. IT INCLUDES MONEY FOR HARBOR AND CHANNEL DEEPENING ALONG THE EAST  COAST AND AUTHORIZES THE ARMY CORPS TO WORK ON FLOOD PROTECTION  IMPROVEMENTS ACROSS THE COUNTRY. DEBATE AROUND THE 12 BILLION DOLLAR MEASURE INCLUDED SECURING EMERGENCY AID FOR FLINT MICHIGAN AND DROUGHT RELIEF FOR CALIFORNIA. THE CALIFORNIAAMENDMENT TEMPORARILY RELAXES ENVIRONMENTAL  STANDARDS AND INSTRUCTS OFFICIALS TO DIVERT MORE WATER TO FARMS AND  OTHER USERS IN THE GOLDEN STATE.

BAYER/MONSANTO MERGER
MONSANTO AND BAYER OFFICIALS ARE ASKING SOYBEAN GROWERS TO SUPPORT  THEIR PROPOSED MERGER. MONSANTO CHIEF TECHNOLOGY OFFICER ROBB FRALEY ADRESSING THE  POTENTIAL $66 BILLION-DOLLAR ACQUISITION OF MONSANTO WITH MEMBERS OF  THE ASA AND THE UNITED SOYBEAN BOARD AT THE USB WINTER MEETING IN ST.  LOUIS. FRALEY TOLD THE CROWD QUOTE, "I'M HERE TO ASK FOR YOUR SUPPORT."  THE DEAL IS IN THE HANDS OF REGULATORS AND WON'T CLOSE UNTIL LATE NEXT  YEAR.

CROP COMMENTS
"CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM  DOW AGROSCIENCES." MIKE HOFFMAN JOINS US WITH A LOOK AT LIVESTOCK OWNERS BRAVING THE  COLD..IT'S TODAY'S CROP COMMENTS. MIKE.  GOOD MORNING, CLINTON.  LET'S START OFF IN AN AREA ALREADY EXPERIENCING A TASTE OF WINTER.  JOEL REEDY SENDING US THIS PHOTO OF BULL CALVES EATING HAY IN CENTRAL  ILLINOIS. HE SAYS THE WEATHER IS COLD AND BREEZY. IT'S GOING TO BECOME COLDER AS  THE WEEK GOES ON.OVER IN WEST CENTRAL ILLINOIS,  ALISON MCGREW SENT US SOME PHOTOS OF SOME CURIOUS BEEF COWS ONE  EVENING. ALISON SAYS EVEN THOUGH TEMPERATURES HAVE DIPPED THIS WEEK, SHE MOVED COWS FROM THE PASTURE ON SATURDAY. SHE SAYS THAT'S LATE  COMPARED TO MOST YEARS,  THANKS TO GREAT FALL WEATHER WHICH KEPT  THE GRASS GROWING.  AND TAKING A LOOK AT THE WEATHER MAP THERE IS ONE SHOT OF ARTIC AIR FOLLOWED BY A SECOND ONE STILL IN CANADA ALL OF THAT IS GOING TO BE AFFECTING THE NORTHERN PLAINS GREAT LAKES AND THE NORTHEAST WE’LL HAVE YOUR FORECAST COMING UP BUT NOW HERE ARE SOME HOMETOWN TEMPS

TEASE
WHEN WE COME BACK WE'LL TAKE A LOOK AT THE RECENT RUN IN SOYBEANS  PRICES AND TALK ABOUT PREPARING FOR A NEW YEAR. LATER WE HEAD TO LOUISIANA WHERE CITRUS GROWERS ARE HOPING THIS  YEARS CROP WILL GIVE THEM A BIG REASON TO CELEBRATE THE HOLIDAYS.

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE- BY-SIDES.  YAMAHA - REAL WORLD TOUGH. IN AGRIBUSINESS LETS SEE  HOW MARKETS REACTED TO THE START OF THE  WEEK. WE HEAD TO THE FLOOR OF THE CME IN CHICAGO FOR MORE THE LEADER OF THE DAY ON MONDAY WAS LIVE CATTLE WHICH MOVED A LOT HIGHER BASED ON COLD WEATHER FORECASTS AND SOME IDEAS WE COULD SEE SOME STRONGER CASH MARKETS ONCE THE TRADING GETS UNDERWAY LATER ON THIS WEEK. THERE DOESN'T SEEM TO BE ANY REAL SHORTAGE OF CATTLE AVAILABLE TO THE MARKET BUT TRYING TO GET THOSE OUT OF THE PRODUCERS HANDS HAS PROVED TO BE A LITTLE BIT MORE DIFFICULT. AND NOW THAT THE WEATHER IS TURNING COLDER THERE'S SOME CONCERN WE'LL SEE SOME REDUCED OFFERINGS. DUE TO DELAYED WEIGHT GAINS. THE HOG MARKET ALSO TRADING HIGHER HERE AND REALLY PROBABLY HAS THE BETTER FUNDAMENTAL PICTURE AS WE SPEAK. THERE'S EXPECTED TO BE MUCH FEWER HOGS AND PORK OFFERED TO THE MARKET IN THE FIRST QUARTER OF NEXT YEAR. THE PACKERS HAVE BECOME THAT MUCH MORE AGGRESSIVE IN BIDDING AT THE CURRENT TIME TO MAKE SURE THAT THEY'VE GOT INVENTORIES COMING IN. THANKS VERY MUCH THIS IS JACK SCOVILLE I'M VICE PRESIDENT OF PRICE FUTURES HERE AT THE CME GROUP WITH SOME COMMENTS FOR THE MARKETS. 

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK WE HAVE CHIP NELLINGER WITH BLUE REEF AGRI MARKETING  MARKETING, LET'S TALK ABOUT  SOYBEANS SHIP BECAUSE WE GOT A HUGE BUMP LAST WEEK BUT WE  GOT A LITTLE BIT OF OF A LIFT IN BEANS LAST WEEK. YEAH, BEANS ARE ACTING  PRETTY DECENT HERE. THERE'S ACTUALLY START TO BE A LITTLE BIT A CONCERN WITH SOME DRY WEATHER IN  ARGENTINA. THERE'S A COUPLE OF AREAS IN SOUTHERN BRAZIL. IT'S EARLY ENOUGH  IT'S NOT AFFECTING YIELD YET, BUT IT IS STARTED GET ON THE RADAR SCREEN OF TRADERS. IF YOU GET IN THE  NEXT WEEK IN THE WEEK AFTER AND YOU STILL SEE THAT EXTENDED FORECAST, NOT OFFER MUCH  PRECIPITATION, REALLY GOING TO I THINK START TO BUILD SOME WEATHER PREMIUM IN THE BEAN MARKET.  YEAH, AND THIS IS THE TIME OF YEAR WHERE WE START TO SEE THAT WEATHER PREMIUM FROM SOUTH  AMERICA.YES AND REMEMBER YOU KNOW HOW VOLATILE WAS HERE LAST JUNE DURING OUR GROWING SEASON.  THAT'S REALLY KIND OF WHAT WE'RE GOING INTO. IT'S LIKE A LATE MAY, MID TO LATE MAY THERE. FAST  FORWARD TWO TO THREE WEEKS, YOU GET INTO THE JUNE TIME FRAME FOR THEM IT'S GOING TO START TO  MATTER.YOU KNOW, GOOD NEWS AND BAD NEWS WITH THAT. I THINK YOU COULD SEE A LOT MORE VOLATILITY THE  BAD NEWS IS IF THEY STARTED IN MOISTURE AND RAINFALL, THIS THING COULD ROLL OVER PRETTY QUICKLY.  YES OR HOW YOU GET READY FOR 2017 BECAUSE WE'RE NEARLY THERE.  YES, I THINK YOU HAVE TO START RIGHT NOW.  WORK WITH YOUR BANKER, WORK WITH YOUR SUPPLIERS,  KNOW WHAT YOUR TRUE COSTS ARE- NOT JUST SEED, CASH RENTS, FERTILIZER OR CHEMICALS. YOU NEED TO  LOOK AT EVERYTHING ELSE THAT GOES WITH IT. THAT'S LABOR, YOU KNOW, FAMILY LIVING INTEREST  MACHINERY ALL THOSE OTHER EXPENSES ON YOUR FARM. FIND OUT WHAT IT COSTS PER DOLLAR.  TO PUT ONE ACRE OF CORN AND ONE ACRE OF BEANS IN.DIVIDE THAT BACK INTO YOUR APH. YIELD  NUMBERS. THAT WILL TELL YOU WHAT YOUR BREAK EVEN PER BUSHEL IS. OK, THAT GIVES YOU A LOT OF  INFLUENCE AND A GOOD FOUNDATION TO THEN MAKE A PLAN. RIGHT NOW BEANS ARE PROFITABLE MOST OF  THE NUMBERS WE'RE LOOKING AT ARE IN THE LOW NINES TO NINE FORTY RANGE.  WE'RE KNOCKING ON THE DOOR OF A DOLLAR A BUSHEL OF BREAK EVENS WITH BEANS.  YOU'RE NOT THERE ON CORN, YOU HAVE TO TAKE A LOOK AT MAYBE LOCKING IN SALES WITH CALLS  ATTACHED OR PUTS. LOCK IN THAT PROFITABILITY IN THE BEANS NOW THAT WE HAVE IT RIGHT NOW. WE DON'T  KNOW IF IT'S GOING TO BE THERE IN SIXTY OR NINETY DAYS. TIME TO GET THAT PENCIL OUT. ALRIGHT,  APPRECIATE IT, CHIP. WE'LL BE BACK WITH MORE AGDAY IN A MOMENT. 

TEASE
FARMING HAS CHANGED, MARKETS ARE RISKIER THAN EVER. FOR CUSTOMIZED  FOCUSED COMMODITY MARKETING CONTACT BLUE REEF AGRIMARKETING AT  309-550-7213 OR ONLINE AT WWW.BLUEREEFINC.COM. HERE'S THE SECRET TO SELLING OLD EQUIPMENT. PETE'S PICK OF THE WEEK LETS YOU EASILY VIEW  CURRENT MARKET PRICES. JUST TEXT PETE TO 31313 TO GET STARTED! 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM BAYER. MIKE, WE'RE KIND OF WAITING FOR THE DEEP FREEZE. WE HAVE THE COLD WEATHER COMING THIS WEEK.  I WAS JUST OUTSIDE TODAY THINKING IT WAS PRETTY COLD AND WINDY AND THIS IS COLDER AND COLDER OFF  TO THE NORTH. AND ALONG THAT FIRST COLD FRONT, YOU CAN SEE A LITTLE BIT OF RAIN AND SNOW THERE IN  THE CENTRAL MISSISSIPPI VALLEY ALL SNOW IN THE GREAT LAKES OBVIOUSLY AND AS YOU PUT THE MAPS  INTO MOTION, YOU'LL SEE THIS AREA IN THE SOUTHEAST GIVING MORE RAIN.  NOW THIS IS NOT A SOAKER, BUT NONETHELESS SOME COMING INTO THE DROUGHT AREAS OF THE  SOUTHEAST AS THAT AREA OF LOW PRESSURE FEEDS THROUGHOUT THAT COLD FRONT. SO THE FIRST BLAST OF  ARCTIC AIR COMING THROUGH THE SOUTHEAST. AS WE HEAD THROUGH THIS AFTERNOON, A SECOND BLAST,  OF THE COLDEST AIR WE'VE SEEN THIS SEASON, THAT OBVIOUSLY THAT WILL COME BLASTING SOUTHWARD  INTO THE NORTHERN HALF OF THE PLAINS BY THE TIME WE GET TO TOMORROW MORNING. THERE'S ANOTHER  SYSTEM MOVING THROUGH THE SOUTHWEST THROUGH THE NORTHEAST. IT'S KIND OF AN INTERESTING  SITUATION. BUT THAT'S BECAUSE IT'S TRYING TO GET UP THROUGH A BIG RIDGE ON THE JET STREAM AS YOU  CAN SEE HERE. AS WE HEAD THROUGH THE DAY TOMORROW THEN YOU CAN SEE THAT SECOND AREA OF  ARCTIC AIR MASS COMING SOUTHWARD. THE FURTHER SOUTH WE GO, THE LESS AND LESS WE'LL SEE OF   THIS COLDER AIR BECAUSE AS YOU SEE ON THE JET STREAM, IT KEEPS IT COMING TOO FAR SOUTH. IT'S NOT  LIKE IT'S COMING FROM CUBA LIKE IT DOES SOMETIMES. THERE'S THE PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. MOST EVERYTHING HAS BEEN LIGHT HERE. WE'LL ADD ON THE NEXT 36 HOURS. AND YOU'LL NOTICE YOUR COMPUTER MODEL IS SOUTH OF THE WORST DROUGHT  AREAS BUT OUR MODELS ARE SHOWING SOUTHERN ALABAMA, GEORGIA AND THE PAN HANDLE OF FLORIDA GETTING SOME DECENT RAINS. THAT'S ALSO NORTHERN CALIFORNIA AND SOUTHWESTERN OREGON. MOST  EVERYTHING ELSE IS ALL SNOW. WE'LL ADD ON THE NEXT 36 HOURS AND YOU CAN SEE HOW WE CONTINUE  TO PUT DOWN SNOW IN PARTS OF THE GREAT LAKES AND NORTHEAST AND DECENT AMOUNTS INTO THE  INTERIOR PARTS OF OREGON OVER THE NEXT 36 HOURS OR SO. YOU'LL NOTICE A BIG DIFFERENCE AS YOU GET  INTO THE NORTHERN PLAINS. LOWS TONIGHT GOING TO DROP BELOW ZERO IN THE NORTHERN AREA BUT STILL  HOLD NEAR 60 IN THE GULF COAST WITH THAT FIRST FRONT. THERE'S EVEN COLDER AIR COMING SOUTHWARD.  THERE'S THE JET STREAM AND WHAT THEY CALL THE POLAR VORTEX. IT NEVER GETS INTO THE UNITED STATES.  THE ACTUAL CIRCULATION OF IT BUT WE GET THE COLD AIR OF IT. YOU'LL NOTICE HOW WE STILL HAVE THAT SPLIT  FLOW. YOU'LL SEE IN THE SOUTHERN SECTIONS HOW YOU'RE NOT GOING TO GET AS COLD OF AIR AS FARTHER  NORTH AND WE GO ZONAL INTO NEXT WEEK AS WE GET INTO THAT COLD. THAT'S A LOOK ACROSS THE  COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL, KALISPELL MONTANA, VERY  COLD. CLOUDS AND SUNSHINE. THE HIGH TEMPERATURE IS 16 DEGREES.LAWTON OKLAHOMA, MOSTLY  SUNNY AND RATHER CHILLY. THE HIGH IS 49. AND MONTPELIER, VERMONT HAS LOTS OF CLOUDS. HIGH OF  30.

TEASE
UP NEXT A LOOK AT DAIRY MARKETS AND SOME FRESH SUPPLY DEMAND  NUMBERS FROM USDA.AND CITRUS GROWERS IN LOUISIANA ARE RUNNING HARD TO BRING IN THEIR  CROP FOR THE HOLIDAYS. DETAILS AS WE HEAD IN THE COUNTRY. AGDAY - BROUGHT TO YOU BY FARMER'S EDGE.  FOR THE LATEST IN MAKING SENSE OF YOUR DATA -VISIT GROWYOURRETURNS.COM. 

DAIRY REPORT
IN OUR DAIRY REPORT, MORE HOPE FOR HIGHER DAIRY PRICES GLOBALLY. LAST WEEK, THE LATEST GLOBAL DAIRY TRADE AUCTION SAW PRICES HIT THEIR  HIGHEST LEVELS SINCE JUNE OF 2014. PRICES HAVE CLIMBED 8 PERCENT IN THE LAST MONTH AND HAVE INCREASED IN  THE 8 OUT OF THE LAST 9. FALLING GLOBAL SUPPLIES AND SOLID DEMAND FROM PLACES LIKE CHINA ARE  HELPING TO DRIVE THE INCREASE. THE NEXT AUCTION IS SET FOR DECEMBER 20TH. THE DECEMBER WASDE REPORT FROM USDA SEEMS TO AGREE. ECONOMISTS SAY THEY EXPECT MILK PRODUCTION TO FALL IN THE YEAR  AHEAD...BUT THINK PRICES WILL BE HIGHER. THE ALL MILK PRICE IS FORECAST 16-85 TO 17-65 FOR 2017. USDA SAYS SLOWING GROWTH IN COW NUMBERS MORE THAN OFFSETS  INCREASES IN MILK PER COW. THEY ALSO RAISED THEIR PRICE FORECAST FOR BOTH BUTTER AND CHEESE. FROM OUR PARTNERS AT FARM JOURNAL'S MILK MAGAZINE...THE RECENT RISE IN  OIL PRICES HAS SOME ANALYSTS SAYING THAT COULD ALSO PULL DAIRY PRICES  HIGHER. TAKE A LOOK AT THIS CHART. IT SHOWS OIL PRICES IN YELLOW AND MILK PRICES IN BLACK. IRISH NEWS SERVICE AGRI-LAND QUOTED AN ANALYSTS THAT SAYS GETTING OIL  OVER 50 DOLLARS PER BARREL HELPS CASH FLOWS IN MANY COUNTRIES AND CAN LEAD TO STRONGER DAIRY DEMAND...ESPECIALLY FROM THE OPEC  PRODUCING COUNTRIES.AND A CHANGE IN THE MILK CASE MAY SOON IMPROVE THE TASTE OF THE FLUID  MILK YOU BUY.A NEW STUDY OUT FROM CORNELL SHOWS THAT MILK TASTES FRESHER IF IT'S  NOT KEPT UNDER FLUORESCENT LIGHTING. THE RESEARCH IS PUBLISHED IN THE NOVEMBER ISSUE OF JOURNAL OF DAIRY  SCIENCE.IT JUST SO HAPPENS THAT MANY OF THE NATION'S GROCERS ARE SWITCHING TO  LED LIGHTING...SINCE IT CAN CASE UP TO 40 PERCENT ON ELECTRICITY USE. THE RESEARCHERS SAY CONSUMERS CAN EXPECT MILK TO TASTE NOTICEABLY SWEETER UNDER LED LIGHTING. 

TEASE
STILL TO COME - FINISHING UP THE CITRUS SEASON IN LOUISIANA...JUST IN TIME  FOR THE HOLIDAYS. IN THE COUNTRY IS NEXT. THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM - OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.  LET MACHINERY  PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT  TRACTORS - AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY.   LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER. ) IT'S BEGINNING TO BE THE PEAK OF THE LOUISIANA CITRUS SEASON AS MANY  RETAIL OUTLETS ARE STOCKING UP ON TREE- RIPENED SATSUMAS, LEMONS AND  NAVEL ORANGES. LSU AGCENTER'S CRAIG GAUTREAUX OFFERS SOME ADVICE  ON WHAT TO PURCHASE, AND FOR BACKYARD GROWERS, HOW TO TAKE CARE OF  YOUR TREE. WITH THE HOLIDAY SEASON APPROACHING, LOUISIANA CITRUS GROWERS ARE WORKING HARD TO GET THEIR  PRODUCT INTO THE HANDS OF CUSTOMERS. JOSEPH RANATZA, A GROWER IN PLAQUEMINES PARISH, WAS  BUSY PREPARING A LARGE SHIPMENT OF SATSUMAS FOR A NATIONAL RETAIL OUTLET. HE SAYS LOUISIANA  TREE-RIPENED FRUIT IS SOME OF THE BEST A CONSUMER CAN BUY.  JOSEPH RANATZA:  WE USE TREE- RIPENING. IT STAYS LONGER ON THE TREE. IT PICKS UP THE MOST NUTRIENTS OUT OF THE SOIL. IT MAKES IT  SWEETER.  CONSUMERS CAN EXPECT TO SEE A LOT OF LOUISIANA SATSUMAS, GRAPEFRUIT, LEMONS AND  NAVEL ORANGES IN THEIR SUPERMARKETS FOR THE NEXT TWO MONTHS. A GROWING TREND IN LOUISIANA IS  HAVING A CITRUS TREE IN YOUR BACKYARD. IF YOU ARE THINKING ABOUT PLANTING YOUR OWN TREE, MAKE  SURE IT COMES FROM A CERTIFIED NURSERY. RICKY BECNEL:  WHEN THEY PURCHASE THIS TREE FOR THEIR  BACKYARD, IT IS JUST TO ENSURE THE HEALTH AND LONGEVITY OF THAT CITRUS TREE. LEE ROUSE, A  HORTICULTURIST IN NEW ORLEANS, SAID ONE COMMON MISTAKE HOMEOWNERS MAKE IS LETTING THE  ROOT STOCK TAKE OVER A TREE. LEE ROUSE:  WE DON'T WANT ROOT STOCK BECAUSE THE ROOT STOCK  HAS NASTY LITTLE THORNS ON THEM THAT ARE GOING TO BE VERY PRICKLY, AND THEY WILL HURT. THEY ALSO  PRODUCE A FRUIT THAT IS NOT VERY GOOD FOR EATING. IT CAN BE SOUR AND NOT VERY PALATABLE. ROUSE  ALSO SAYS LEAF MINER DAMAGE IS COMMON BUT NOT HARMFUL. THIS IS NOT AN ISSUE IN CITRUS. IT'S  SEEMS UGLY. IT'S VERY UNSIGHTFUL, BUT IT DOES NOT AFFECT THE PLANT QUALITY, THE FRUIT QUALITY OR THE QUANTITY. ROUSE RECOMMENDS KEEPING THE GROUND UNDERNEATH THE TREE BARE. THIS ALLOWS HEAT  TO BE RELEASED DURING FRIGID CONDITIONS. WE WANT TO KEEP IT WEED FREE. WE CAN DO THIS BY  MULCHING, AND WE CAN ALSO DO THIS BY SPRAYING HERBICIDES. THE OTHER WAY WE CAN DO THIS IF  YOU DON'T WANT TO SPRAY HERBICIDES IS BY HAND PULLING THE WEEDS. WITH THE LSU AGCENTER,  THIS IS CRAIG GAUTREAUX REPORTING.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR BETSY JIBBEN AND MIKE HOFFMAN,  I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. HIGH STRENGTH STEEL FOR HIGH STRENGTH DEPENDABILITY, THE CHEVY  SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION.

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