AgDay Daily Recap -December 5, 2014

December 5, 2014 02:57 AM
 

TODAY ON AGDAY
DECEMBER 5, 2014

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - THE NATION'S DAIRY PRODUCERS GET MORE TIME TO SIGN UP FOR A SAFETY NET. A WATERWAYS TAX GETS TIED TO AN UNLIKELY BILL...FOR APPROVAL.
IN THE PROFARMER PROFIT BRIEFING...SOUTH AMERICAN PLANTING CONDITIONS IMPROVE. BUT NOW THEY'VE CAUGHT UP TO THE NORMAL PACE AND YOU KNOW IT LOOKS LIKE THE PLANTING SEASON IS GOING TO FINISH ABOUT AS IT SHOULD. PLUS A GREAT AMERICAN BARN DATING BACK TO THE CIVIL WAR, AND TWO TINY HORSES HELPING HEAL CHILDREN FOR THE HOLIDAYS…AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
DAIRY MPP EXTENSION:
GOOD MORNING I'M CLINTON GRIFFITHS. WHILE 2014 HAS BEEN A STRONG YEAR FOR MANY DAIRY PRODUCERS. 2015 MIGHT NOT BE AS FRIENDLY. SO FARMERS ARE ENCOURAGED TO GET A SAFETY NET. ...AND THAT'S OUR TOP STORY ON AGDAY.
SOUTH DAKOTA DAIRY:
COMING UP TOMORROW ON AGDAY WHICH STATE WANTS TO BECOME THE NEXT BIG DAIRY STATE, AND HOW IS IT SUCCESSFULLY DRAWING DAIRY BUSINESSES TO THE REGION?
AMPI LEADER:
THE PRESIDENT AND CEO OF ASSOCIATED MILK PRODUCERS INCORPORATED OR AMPI IS STEPPING DOWN. ED WELCH SAYS HE'S RESIGNING FOR PERSONAL REASONS. HE'S BEEN A PART OF THE COOPERATIVE FOR 31 YEARS AND TOOK THE JOB AS CEO BACK IN 2008.
BEEF PRICES:
IF YOU'VE PRICED BEEF LATELY YOU KNOW...PRICES CONTINUE ON A RECORD SETTING PACE...ESPECIALLY WHEN COMPARED WITH OTHER PROTEIN OPTIONS.
TAX EXTENDERS:
WEDNESDAY NIGHT THE U.S. HOUSE PASSING A TAX EXTENDERS IN PACKAGE...
IT'S A ONE-YEAR, RETROACTIVE EXTENSION THAT ONLY LAST UNTIL THE END OF THIS MONTH. PASSING BY A VOTE OF 378 TO 46 THE BILL NOW HEADS TO THE SENATE.
TIME IS SHORT HOWEVER-- BOTH CHAMBERS EXPECTED TO ADJOURN NEXT WEEK.
IOWA SENATOR CHUCK GRASSLEY SAYS HE PREFERS A LONGER TERM SOLUTION.
BARGE FUEL:
MEANWHILE, A PIECE OF LEGISLATION INTENDED TO HELP PEOPLE WITH DISABILITIES MIGHT ALSO HELP IMPROVE LOCKS AND DAMS ON THE NATION'S SHIPPING RIVERS. THE HOUSE OF REPRESENTATIVES PASSED THE "ACHIEVING A BETTER LIFE EXPERIENCE" ACT, OR "ABLE". IT ALLOWS PEOPLE WITH DISABILITIES TO ESTABLISH TAX EXEMPT SAVINGS ACCOUNTS.
IMMIGRATION:
ON THE IMMIGRATION FRONT, THE ADMINISTRATION'S CHANGES IN DEPORTATION PRIORITIES IS NOW GETTING PUSHBACK FROM STATES. GOVERNORS AND ATTORNEY'S GENERAL FROM 16 STATES NOW JOINING TEXAS IN AN EFFORT TO BLOCK PRESIDENT OBAMA'S EXECUTIVE ACTIONS ON IMMIGRATION...THE TEXAS ATTONEY GENERAL SAYS THE PRESIDENT'S ACTION VIOLATES HIS DUTY TO ENFORCE THE LAWS AND PUTS A BURDEN ON STATE BUDGETS. THE PRESIDENT SAID WEDNESDAY, HE'S STILL HOPING CONGRESS WILL PASS A BILL AND THIS PROBLEM WILL GO AWAY.
DROUGHT MONITOR:
IN CROPWATCH THE LATEST DROUGHT MONITOR SHOWS DRYNESS IS INTENSIFYING IN THE NORTHERN PLAINS. THE EASTERN HALF OF THE DAKOTAS ARE STARTING TO GET DRY. THE WEATHER SERVICE SAYS THEY HAVE PRECIPITATION DEFICITS OF TWO -TO-FOUR INCHES OVER THE PAST THREE MONTHS. TEMPERATURES HAVE BEEN MODERATE IN THE PAST WEEK WHICH LESSENED SNOW COVER. THAT LACK OF SNOW COVER DOESN'T HELP WHEAT CONDITIONS EITHER. MEANWHILE IN THE UPPER MIDWEST, CORN HARVEST IS HAMPERED FOR SOME GROWERS BECAUSE OF TOO MUCH AND TOO EARLY OF A SNOWFALL. HERE'S MIKE HOFFMAN, MIKE.
CROP WATCH:
GOOD MORNING CLINTON. FROM AGWEB WE HEARD FROM A FARMER IN CHARLEVOIX COUNTY, MICHIGAN. AS WE MENTIONED LAST WEEK ABOUT 20-PERCENT OF MICHIGAN'S CORN CROP WAS STILL UN-HARVESTED. THIS FARMER SAYS HE GOT A BREAK IN THE WEATHER. THE COLD STIFFENED UP THE WET GROUND TO GET ACROSS WITH HIS COMBINE. HE SAYS MOISTURE IN ONE FIELD TESTED AT 37-AND-A-HALF PERCENT! FORTUNATELY, HE ONLY HAS 60 ACRES TO GO. LIKEWISE IN WISCONSIN JUST ABOUT 80-PERCENT OF CORN IS HARVESTED. A FARMER IN WASHINGTON COUNTY SAYS GUYS HAVE NOT EVEN STARTED CORN HARVEST. HE SAYS THEY'LL BE LUCKY TO BE DONE BY CHRISTMAS IF IT DOES NOT SNOW AGAIN. AND TAKING A LOOK A THE WEATHER MAP A HUGE WET RAINMAKER COMING ACROSS THE CENTRAL PLAINS INTO THE OHIO VALLEY WE'LL TALK ABOUT THAT AND THE STORM OUT WEST COMING UP IN JUST A LITTLE WHILE.
TEASE:
ALRIGHT THANKS MIKE. WHEN WE COME BACK...IT'S OUR DAILY CHECK OF THE MARKETS FROM THE FLOOR OF THE CME. AND THE PROFARMER CREW IS HERE WITH A CHECK ON SOUTH AMERICAN PROGRESS. IT'S TODAY'S PROFIT BRIEFING.
CME REPORT:
IN AGRIBUSINESS IT WAS A BIT OF A MIXED DAY IN MARKETS THURSDAY. FOR DETAILS LET’S GO TO THE FLOOR OF THE CME.
PROFIT BRIEFING:
WHILE A FEW FARMERS RUSH TO FINISH HARVEST---DOWN IN SOUTH AMERICA, PLANTING IS WRAPPING UP AFTER A SLOW START. WHAT DOES THAT MEAN HERE IN THE STATES? CHIP FLOREY AND BRIAN GRETE BREAK IT DOWN IN TODAY'S PROFARMER PROFIT BRIEFFING.
ANALYSIS:
BRIAN IT'S DECEMBER 1ST AND THAT MEANS THAT WE'RE GOING RIGHT INTO THE HEART OF THE GROWING SEASON IN BRAZIL IT'S THAT TIME OF THE YEAR WHERE WE HAVE TO SHIFT OUR FOCUS FORM THE DEMAND SIDE OF SOYBEANS OVER TO WHAT LOOKS LIKE IS GOING TO BE ANOTHER RECORD CROP DOWN IN BRAZIL. IT TOOK THE BRAZILIAN PRODUCERS A LONG TIME TO GET GOING THEY WERE TWO TO THREE WEEKS IN THEIR PLANTINGS BUT NOW THEY'VE CAUGHT UP TO THE NORMAL PACE AND YOU KNOW IT LOOKS LIKE THE PLANTING SEASON IS GOING TO FINISH ABOUT AS IT SHOULD. OKAY NOW THESE PLANTING DELAYS YOU SAID THEY WERE ABOUT TWO WEEKS LATE IT WAS BECAUSE IT WAS TO DRY NOT BECAUSE IT WAS TO WET. RIGHT AND IN CENTRAL BRAZIL WAS TOO DRY PUSHED THOSE PLANTINGS BACK THERE WAITING ON RAINS AND AS SOON AS THE RAINS CAME BOY THEY HIT AND THEY HIT HARD YOU KNOW WE'VE SEEN THE WEATHER IMPROVE THE PAST COUPLE WEEKS THROUGH THANKSGIVING AND NOW INTO THIS WEEK THEY GOT RAINS IN THE DRYER AREAS THE WETTER AREAS ACTUALLY DRIED OUT A LITTLE BIT AND AS A RESULT THE WEATHER OVERALL NOW IS MUCH IMPROVED. SO IT SOUNDS LIKE EVERYTHING IS ALL SYSTEMS GO FOR THAT BRAZILIAN BEAN CROP RIGHT NOW. IT IS AND WE'RE LOOKING AT RECORD PRODUCTION YOU KNOW THE PRODUCTION ESTIMATES STARTED OUT PROBABLY A LITTLE BIT TO HIGH 95 MILLION TONS ON SOME OF THEM ESTIMATES THEY'VE BACKED DOWN 92 TO 93 MILLION TONS WHICH IS PROBABLY MORE REALISTIC FOR WHAT BRAZIL WILL DO BUT IT'S A RECORD CROP AND IT'S STILL SIGNIFICANTLY BIGGER THAN LAST YEAR’S RECORD CROP WAS. OKAY LET'S GO BACK TO THESE PLANTING DELAYS A LITTLE BIT IT'S NOT GOING TO HAVE A BIG IMPACT ON YIELD BUT IT WILL IMPACT WHEN THAT CROP IS HARVESTED. RIGHT AND THAT IMPACTS US EXPORTS AND BRAZILIAN EXPORTS SO AS THEY PUSH THOSE BACK YOU KNOW THEY WERE HOPING TO GET A QUICK START TO KIND OF LENGTHEN OUT THEIR HARVEST SEASON AND THEN AS A RESULT THAT WOULD YOU KNOW CURE SOME OF THOSE LOGISTIC ISSUES THAT THEY HAVE WELL NOW WE'VE COMPRESSED EVERYTHING AGAIN AND AS A RESULT WE'RE GOING TO HAVE THE LOGISTICS ISSUES AND THE SHIPPING DELAYS AND THE TRUCKING DELAYS JUST TO GET THEM TO PORT PROBABLY KEEPS THE EXPORT WINDOW OPEN A LITTLE BIT LONGER FOR US BEANS. YEA IT LOOKS LIKE NOW MAYBE THE MIDDLE PART OF FEBRUARY THEY'RE GOING TO START TO GET SOME OF THOSE BEANS IN BUT IT'S PROBABLY GOING TO BE LATE FEBRUARY BEFORE THEY GET EXPORTABLE QUANTITIES OF SOYBEANS INTO THE PORT. RIGHT SO US BEANS WILL CONTINUE TO BE THE FAVORITE UNTIL THAT TIME AND THEN IF THEY DO HAVE ANY KIND OF LOGISTICS ISSUES THAT EVEN KEEPS IT LONGER SO WERE LOOKING AT AN EXPORT WINDOW FOR THE US INTO FEBRUARY AND PROBABLY INTO MARCH...INTO MARCH ALRIGHT WE'RE KEEPING A CLOSE EYE ON BRAZIL FOR BRIAN GRETE AND ALL THE EDITORS AT PROFARMER IN CEDAR FALLS, IOWA I'M CHIP FLORY.
YAMAHA GIVEAWAY:
BRIAN IT'S DECEMBER 1ST AND THAT MEANS THAT WE'RE GOING RIGHT INTO THE HEART OF THE GROWING SEASON IN BRAZIL IT'S THAT TIME OF THE YEAR WHERE WE HAVE TO SHIFT OUR FOCUS FORM THE DEMAND SIDE OF SOYBEANS OVER TO WHAT LOOKS LIKE IS GOING TO BE ANOTHER RECORD CROP DOWN IN BRAZIL. IT TOOK THE BRAZILIAN PRODUCERS A LONG TIME TO GET GOING THEY WERE TWO TO THREE WEEKS IN THEIR PLANTINGS BUT NOW THEY'VE CAUGHT UP TO THE NORMAL PACE AND YOU KNOW IT LOOKS LIKE THE PLANTING SEASON IS GOING TO FINISH ABOUT AS IT SHOULD. OKAY NOW THESE PLANTING DELAYS YOU SAID THEY WERE ABOUT TWO WEEKS LATE IT WAS BECAUSE IT WAS TO DRY NOT BECAUSE IT WAS TO WET. RIGHT AND IN CENTRAL BRAZIL WAS TOO DRY PUSHED THOSE PLANTINGS BACK THERE WAITING ON RAINS AND AS SOON AS THE RAINS CAME BOY THEY HIT AND THEY HIT HARD YOU KNOW WE'VE SEEN THE WEATHER IMPROVE THE PAST COUPLE WEEKS THROUGH THANKSGIVING AND NOW INTO THIS WEEK THEY GOT RAINS IN THE DRYER AREAS THE WETTER AREAS ACTUALLY DRIED OUT A LITTLE BIT AND AS A RESULT THE WEATHER OVERALL NOW IS MUCH IMPROVED. SO IT SOUNDS LIKE EVERYTHING IS ALL SYSTEMS GO FOR THAT BRAZILIAN BEAN CROP RIGHT NOW. IT IS AND WE'RE LOOKING AT RECORD PRODUCTION YOU KNOW THE PRODUCTION ESTIMATES STARTED OUT PROBABLY A LITTLE BIT TO HIGH 95 MILLION TONS ON SOME OF THEM ESTIMATES THEY'VE BACKED DOWN 92 TO 93 MILLION TONS WHICH IS PROBABLY MORE REALISTIC FOR WHAT BRAZIL WILL DO BUT IT'S A RECORD CROP AND IT'S STILL SIGNIFICANTLY BIGGER THAN LAST YEARS RECORD CROP WAS. OKAY LET'S GO BACK TO THESE PLANTING DELAYS A LITTLE BIT IT'S NOT GOING TO HAVE A BIG IMPACT ON YIELD BUT IT WILL IMPACT WHEN THAT CROP IS HARVESTED. RIGHT AND THAT IMPACTS US EXPORTS AND BRAZILIAN EXPORTS SO AS THEY PUSH THOSE BACK YOU KNOW THEY WERE HOPING TO GET A QUICK START TO KIND OF LENGTHEN OUT THEIR HARVEST SEASON AND THEN AS A RESULT THAT WOULD YOU KNOW CURE SOME OF THOSE LOGISTIC ISSUES THAT THEY HAVE WELL NOW WE'VE COMPRESSED EVERYTHING AGAIN AND AS A RESULT WE'RE GOING TO HAVE THE LOGISTICS ISSUES AND THE SHIPPING DELAYS AND THE TRUCKING DELAYS JUST TO GET THEM TO PORT PROBABLY KEEPS THE EXPORT WINDOW OPEN A LITTLE BIT LONGER FOR US BEANS. YEA IT LOOKS LIKE NOW MAYBE THE MIDDLE PART OF FEBRUARY THEY'RE GOING TO START TO GET SOME OF THOSE BEANS IN BUT IT'S PROBABLY GOING TO BE LATE FEBRUARY BEFORE THEY GET EXPORTABLE QUANTITIES OF SOYBEANS INTO THE PORT. RIGHT SO US BEANS WILL CONTINUE TO BE THE FAVORITE UNTIL THAT TIME AND THEN IF THEY DO HAVE ANY KIND OF LOGISTICS ISSUES THAT EVEN KEEPS IT LONGER SO WERE LOOKING AT AN EXPORT WINDOW FOR THE US INTO FEBRUARY AND PROBABLY INTO MARCH... INTO MARCH ALRIGHT WE'RE KEEPING A CLOSE EYE ON BRAZIL FOR BRIAN GRETE AND ALL THE EDITORS AT PROFARMER IN CEDAR FALLS, IOWA I'M CHIP FLORY.
TEASE:
UP A GREAT AMERICAN BARN FROM NORTHERN INDIANA A BUILDING AT PEACE WITH THE NATURE AROUND IT....
GAB:
TODAY'S GREAT AMERICAN BARN TAKES US TO ST. JOSEPH COUNTY INDIANA WHERE A NEWER FARM IS HELPING TO TEACH KIDS ABOUT AGRICULTURE.
ITC HORSES IN HOSPITAL:
ANIMAL THERAPY, USUALLY USING DOGS, IS A GROWING TREND IN HOSPITALS THAT CAN HELP IN THE HEALING PROCESS.  IN CHICAGO, TWO MINIATURE HORSES NAMED MYSTERY AND LUNAR ARE BRINGING COMFORT AND JOY TO SICK CHILDREN.  CINDY SHARP HAS OUR STORY.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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