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AgDay Daily Recap -December 3, 2014

08:57AM Dec 03, 2014

TODAY ON AGDAY
DECEMBER 3, 2014

OPEN HEADLINES:
TODAY ON AGDAY - WILL FARMERS BENEFIT FROM A POPULAR TAX BREAK ONCE AGAIN? FIND OUT WHAT CONGRESS HAS IN STORE. ALSO IN WASHINGTON IMMIGRATION SHOW DOWN…THIS IS A SERIOUS BREACH OF OUR CONSTITUTION. I'M FULLY COMFORTABLE THAT WE HAVE THE LEGAL AUTHORITY. A PORT DISPUTE MAKES CHRISTMAS GLOOMY FOR SOME TREE GROWERS. IN AGRIBUSINESSS...THE SANCTIONS THAT WE'RE PUT ON RUSSIA DO TO THEIR CONFLICT IN THE UKRAINE HAS SHUT OFF RUSSIA AS A CUSTOMER TO A LOT OF THOSE EUROPEAN COUNTRIES.
TAX CODE:
GOOD MORNING I'M BETSY JIBBEN IN FOR CLINTON GRIFFITHS. AS THE CLOCK TICKS TOWARDS THE END OF ANOTHER CONGRESSIONAL SESSION, SEVERAL KEY ISSUES CONTINUE TO BUBBLE WITH NO CLEAR OUTCOME. AND THAT'S OUR TOP STORY ON AGDAY.
IMMIGRATION:
MEANWHILE THE HOUSE OF REPRESENTATIVES IS EXPECTED TO GO 'ON RECORD' THIS WEEK AS DIS-APPROVING PRESIDENT OBAMA'S EXECUTIVE ACTIONS TO CURB DE-PORT-ATIONS OF ILLEGAL ALIENS.
WINTER WHEAT:
HEADING INTO WINTER, MANY NORTHERN STATES ARE REPORTING A VERY STRONG WINTER WHEAT CROP.
OIL SLOWDOWN:
FALLING OIL PRICES COULD SLOW DOWN DRILLING IN THE U-S. BUT FOR CONSUMERS, LOWER GASOLINE PRICES IS A NICE GIFT FOR THE HOLIDAYS. THE PRICE OF OIL HAS DECLINED ABOUT 40 PERCENT SINCE ITS PEAK IN MID-JUNE AND PLUNGED LAST WEEK AFTER OPEC VOTED TO CONTINUE TO PUMP AT THE SAME RATE. AS OF YESTERDAY, THE NATIONAL AVERAGE PRICE OF GASOLINE WAS TWO-76 A GALLON. TRIPLE-A SAYS THAT'S 50-CENTS A GALLON CHEAPER THAN A YEAR AGO.
TEASE:
STILL TO COME, MIKE NORTH JOINS AL PELL AT THE AGRIBUSINESS DESK TO DISCUSS RUSSIA AND DAIRY PRICES. PLUS WE'LL HAVE OUR DAILY STOP AT THE CHICAGO BOARD OF TRADE. ALSO SEE HOW A LABOR DISPUTE IS IMPACTING CHRISTMAS TREE GROWERS.
CME REPORT:
IN AGRIBUSINESS TODAY - IT WAS A MOSTLY DOWN DAY FOR THE MAJOR GRAINS. LET'S HEAD TO CHICAGO FOR OUR DAILY UPDATE FROM THE C-M-E
ANALYSIS INTRO:
IT'S BEEN ABOUT FOUR MONTHS SINCE RUSSIA INSTITUTED A LOCK-OUT ON IMPORTS FROM THE U-S AND SOME OF ITS WESTERN ALLIES. DAIRY PRODUCTS WERE ON THE LIST OF BANNED FOOD PRODUCTS. FARM DIRECTOR AL PELL LOOKS AT RUSSIA AND THE DAIRY SECTOR IN THIS MORNING'S ANALYSIS.
ANALYSIS NORTH:
WITH MIKE NORTH HERE AT THE AGRIBUSINESS DESK WE'RE TALKING ABOUT DAIRY PRODUCTS MIKE ONE OF THE THINGS IS RUSSIA'S GOT A BAN ON OUR DAIRY PRODUCTS IS THAT AFFECTING US AND THEN THERE ARE SOME OTHER THINGS WE ALSO NEED TO DISCUSS. SURE SO THE RUSSIAN DOESN'T NECESSARILY IMPACT US IMMEDIATELY BECAUSE WE DON'T SELL A LOT OF DIARY PRODUCT TO RUSSIA HOWEVER OUR FRIENDS IN EUROPE DO AND WHAT HAS ULTIMATELY HAPPENED IS THE SANCTIONS THAT WE'RE PUT ON RUSSIA DO TO THEIR CONFLICT IN THE UKRAINE HAS SHUT OFF RUSSIA AS A CUSTOMER TO A LOT OF THOSE EUROPEAN COUNTRIES THAT PRODUCT NOW NEEDS TO FIND A HOME IT'S MOVING ONTO THE WORLD MARKET WHICH IS A PLACE WE DO PARTICIPATE AND FRANKLY WHAT IT DOES IS IT CREATES SUPPLY THAT WE DIDN'T HAVE TO COMPETE WITH HISTORICALLY AND HAS INDEED PUT PRESSURE ON THE MARKET PLACE CHEESE DOWN TO A 1.07 COMING OUT OF EASTERN EUROPE THE OCEANIA MARKET SELLING CHEESE FOR 1.24 WE'RE STILL SITTING AT 1.70 SO WE'RE STILL OUT OF THE GAME. LET'S RELATE A LITTLE BIT TO THE FREE TRADE THING BECAUSE SINCE WE'RE TALKING ABOUT TRADE IS THESE FREE TRADE AGREEMENT GOOD OR BAD FOR THE UNITED STATES MILK? IT'S VERY GOOD FOR DAIRY AND EVEN NOW AS WE GO THROUGH THE PROCESS THERE'S SOME ADDED HOPE THAT WE COULD OPEN THE DOORS BACK UP TO CANADA WHICH HAS LARGELY BEEN KIND OF A HANDS OFF MARKET FOR US FOR QUITE SOME TIME FOLLOWING THE NAFTA AGREEMENT BUT AS WE WORK OUR WAY FORWARD IT DOES OPEN DOORS FOR DAIRY AND DAIRY IS REALLY MAKING IT'S MOVE INTO A LOT OF DEVELOPING COUNTRIES SO ANYTHING THAT WE CAN DO TO SPEED THAT PROCESS UP AND OPEN THE DOORS FASTER AND MAKE IT EASIER TO MOVE PRODUCT ABSOLUTELY GOOD FOR DAIRY.  FARM BILLS COME UP WITH A WAY TO SAVE THE DAIRYMEN FOR ANY PROBLEMS IN THE FUTURES WHAT IS THIS WAS IT GOING TO WORK. I WOULDN'T SAY THAT THEY WERE THAT WE'RE GOING TO SAVE THE DAIRYMEN WITH THIS PROGRAM HOWEVER WE WILL HAVE A PROGRAM IN THE MPP THE MARGIN PROTECTION PROGRAM WHICH IS WHAT YOUR REFERRING TO THAT WILL ALLOW US TO AVOID DISASTER THAT'S NOT TO SAY THAT THAT'S SHOULD BE A PERSON’S MARKET PLAN BECAUSE IT THERE AGAIN IT STEPS IN AT TIMES OF DISASTER WE STILL WANT TO MARKET MILK AND TAKE ADVANTAGE OF OPPORTUNITIES INDIVIDUALLY AS WE GO FORWARD BUT THE MPP PROGRAM DOES EXIST IN THE BACKDROP NOW AND REPLACES THE MILC PROGRAM. WHAT'S THE DATE IT WILL TAKE PLACE? THE LAST DAY OF SIGNUP FOR THIS YEAR IS DECEMBER 5TH WHICH IS AN EXTENSION FROM THE PREVIOUS DATE SO UNLESS THE SECRETARY OF AG EXTENDS IT AGAIN DEC 5 IS WHEN IT'S ALL DONE.  THANK YOU VERY MUCH MIKE NORTH OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.
WX:
AND WELCOME BACK TO AGDAY. I KNOW SOME OF YOU STILL HAVE CORN STANDING IN THE FIELDS AROUND THE MIDWEST. THIS CHILLY WEATHER ISN'T EXACTLY HELPING TO DRY THE FIELDS OUT. PLUS YOU GET A SYSTEM IN THE NORTHEAST THAT'S CAUSING SOME RAIN AND SNOW THERE. IT CAUSED SOME RAIN AND SNOW THROUGHOUT THE OHIO RIVER VALLEY. THAT DOESN'T HELP EITHER. THESE TWO SYSTEMS ARE MOVING AWAY. THE NEXT BIG STORM SYSTEM IS COMING IN OUT WEST. WE'VE BEEN TALKING ABOUT IT FOR A COUPLE OF DAYS NOW. THAT WILL PRODUCE SOME HEAVY RAINS AND HEAVY MOUNTAIN SNOWS IN THE SIERRA NEVADA, WHICH IS FANTASTIC BECAUSE THEY NEED ABOUT A DOZEN OF THESE STORMS. IT DOES LOOK LIKE THERE IS ONE OR TWO MORE COMING THOUGH, BEFORE THE PATTERN MIGHT STIFF AGAIN. HERE'S A HIGH PRESSURE BUILD TO KEEP IT BELOW NORMAL AS FAR AS TEMPERATURES GO. FOR MOST OF THE MIDWEST, SOME LINGERING SNOW IN THE EASTERN AND NORTHERN GREAT LAKES AS WE HEAD THROUGH TONIGHT. AND THEN YOU CAN SEE HIGH PRESSURE BUILDS INTO MOST OF THE EAST AFTER THAT. THIS WARM FRONT WILL TRY TO WARM THINGS IN THE SOUTHERN PORTIONS OF THE PLAINS STATES AS WE HEAD THROUGH THE DAY TOMORROW. YOU SEE LOTS OF CLOUDS HERE, NOT A LOT OF MOISTURE. HOPEFULLY WE CAN DRY THINGS OUT A LITTLE MORE IN AREAS THAT NEED IT. WITH THIS STORM SYSTEM, EVENTUALLY AND FORTUNATELY IT IS GOING TO BE TRACKING AS WE HEAD INTO FRIDAY, SATURDAY AND INTO SUNDAY. THROUGH THE TENNESSEE AND OHIO VALLEYS AND INTO THE EASTERN SEABOARD TO GET MORE MOISTURE TO THOSE AREAS...LET'S CHECK PRECIPITATION ESTIMATES OVER THE LAST 24 HOURS. YOU CAN SEE SOME AMOUNTS IN THE APPALACHIANS AND A FEW SPOTTY AMOUNTS IN THE GREAT LAKES WITH HEAVIER AMOUNTS OF CALIFORNIA. ADD ON THE NEXT 36 HOURS AND WE'RE GOING TO KEEP ADDING IT IN CALIFORNIA AND IT'S ALSO GOING TO SPREAD INTO PARTS OF ARIZONA AND PARTS OF NEW MEXICO, AS WELL AS THE NORTHERN PORTIONS OF THE ROCKIES. WE ARE ALSO ADDING MORE IN NEW ENGLAND THE WAY IT LOOKS WITH RAIN ALONG THE COAST. THAT WILL BE SNOW INLAND. SOME OF THE HIGHER ELEVATIONS AND SKI RESORTS ARE GETTING SOME NEEDED SNOW THIS TIME OF YEAR. MOST OF THAT IS CONFINED IN THE NORTHERN STATES. OUT WEST, IT'S ALL CONFINED IN THE HIGHER ELEVATIONS. HIGHS THIS AFTERNOON RANGING FROM THE TEENS IN THE NORTHERN PLAINS TO THE 40'S INTO THE CENTRAL PLAINS...BY THE TIME YOU GET TO NEW ORLEANS AND NORTHERN FLORIDA, YOU'RE LOOKING AT LOW 70'S. LOW TEMPERATURES TONIGHT GOING TO BE IN THE SINGLE DIGITS AND TEENS THROUGH THE NORTHERN STATES, 20'S INTO THE OHIO RIVER VALLEY AND 40'S AND 50'S IN THE SOUTHEAST...HIGH TEMPERATURES ARE MORE OF THE SAME. STILL 70'S IN THE SOUTHEAST AND WE'LL SEE SOME 20'S AND 30'S IN THE NORTHERN STATES. THERE'S THE JET STREAM. YOU CAN SEE THE TROUGH KEEPING IT KIND OF COLD AND WE GO ZONAL FOR A WHILE. STORM SYSTEM KIND OF DAMPENS OUT BUT IT'S STILL THERE AS WE HEAD INTO THE WEEKEND. THE COMPUTER MODEL SHOWS ANOTHER TROUGH DIGGING IN THE EASTERN PART OF THE COUNTRY. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE'LL HEAD TO SACRAMENTO, CALIFORNIA. IT'S BREEZY WITH RAIN. THE HIGH IS 63 DEGREES. LOOKING AT KANSAS CITY, MISSOURI, IT'S VARIABLY CLOUDY AND CHILLY WITH A HIGH OF 43. FINALLY, IN CHARLOTTE, NORTH CAROLINA, FOG EARLY WILL BECOME PARTLY SUNNY. THE HIGH IS 68.
YAHMAHA GIVEAWAY:
JUST IN TIME FOR CHRISTMAS, AGDAY IS GIVING AWAY THIS YAMAHA VIKING SIDE-BY-SIDE. IT'S SLIGHTLY USED. PROFARMER'S CHIP FLORY GAVE IT A WORK-OUT DURING A RECENT "OUTDOORS ON THE FARM" TAPING IN IOWA. HERE ARE SOME OF THE SPECS - IT'S A THREE SEATER WITH PADDED HEAD RESTS AND A HAND-HOLD. THE VIKING IS EQUIPPED WITH A 6-86 C-C, LIQUID COOLED, FUEL-INJECTED ENGINE. IT'S AN ULTRA-MATIC TRANSMISSION WITH DUAL-RANGE DRIVE. TO REGISTER TO WIN, GO TO AGDAY-DOT-COM AND CLICK ON THE YAMAHA VIKING BILLBOARD. IT'S THAT SIMPLE. YOU MUST 18 YEARS OR OLDER TO ENTER. THE WINNER WILL BE ANNOUNCED BEFORE CHRISTMAS.
PORT DISPUTE:
A LABOR DISPUTE ALONG THE WEST COAST COULD MEAN A "BLUE CHRISTMAS" FOR CUSTOMERS WAITING FOR FRESH-CUT CHRISTMAS TREES OVERSEAS. LIKEWISE, SOME SHIPMENTS TO THE U-S COULD GET DELAYED.
SEATTLE DISPUTE:
MEANWHILE WE TALKED WITH JOEY STIVALA STA-VA-LA FROM MC-MILLEN-PIPER. IT'S A TRANSLOADING COMPANY BASED IN SEATTLE. WE TOURED THEIR FACILITY LAST MONTH.
JUST BEFORE THANKSGIVING, STA-VA-LA SAID THE COMPANY WAS UNABLE TO RECEIVE ANY NEW CARGO FOR SHIPMENT BECAUSE THEY COULDN'T OBTAIN ENOUGH SHIPPING CONTAINERS. MANY CONTAINERS ARE STILL SITTING ON SHIPS, WAITING TO BE OFF-LOADED

ITC TENN TREE FARM:
THE HOLIDAYS AND AGRI-TOURISM SOMETIMES GO TOGETHER NICELY. A NUMBER OF FARMING OPERATIONS FEATURE CHRISTMAS TREES, ALL THE TRIMMINGS, AND MAYBE A FEW MORE SURPRISES FROM SANTA'S BAG. IN THIS REPORT FROM THE U-T INSTITUTE OF AGRICULTURE, CHUCK DENNEY TAKES US TO A PLACE WHERE YOU CAN CUT DOWN YOUR CHRISTMAS TREE, AND THEN ENJOY A NICE MEAL AFTER THAT.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND AL PELL. I'M BETSY JIBBEN. HAVE A GREAT DAY

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