AgDay Daily Recap -Feb. 09, 2016

February 10, 2016 02:57 AM
 

TODAY ON AGDAY
FEB. 9, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -BEEF EXPORTS DROP IN 2015...WILL IT CONTINUE IN THE NEW YEAR? COTTON PLANTING INTENTIONS SHOW STRENGTH.
 IN AGRIBUSINESS OUR GUEST, MATT BENNETT WITH BENNETT CONSULTING DISCUSSES MANAGING CASH MARKETS.
"I’M ALL FOR TAKING ADVANTAGE OF THE BASIS CONTRACT ON A PORTION OF BUSHELS AND I DEFINITELY LIKE SPREADING MY RISK OUT.”
 SURVIVING AN EPIC STORM...SEE HOW THIS TEXAS DAIRY TOOK ON GOLIATH.
AND A BIG WITH A BIG LESSON FOR INCOMING COLLEGE STUDENTS AT LSU.
STRONG DOLLAR CAUSES MEAT EXPORTS TO DROP:
GOOD MORNING I'M CLINTON GRIFFITHS.
A STRONG U.S. DOLLAR DIDN'T HELP WITH MEAT EXPORTS IN 2015...
THE YEAR END NUMBERS ARE IN AND BOTH PORK AND BEEF FALLING IN TONNAGE SHIPPED YEAR OVER YEAR. THE U.S. MEAT EXPORT FEDERATION SAYS ON THE YEAR, PORK EXPORTS DROPPED 2 PERCENT IN VOLUME AND 16 PERCENT IN VALUE. WHILE ON THE BEEF SIDE, EXPORTS DROPPING DOUBLE DIGITS ON THE VOLUME SIDE--OFF 11 PERCENT YEAR OVER YEAR.
VALUES WERE 12 PERCENT BELOW 2014 ($6.3 BILLION).  THIS WAS THE FIRST FULL YEAR DECLINE IN VALUES SINCE 2009.
HOPE FOR 2016 EXPORTS:
EXPORTS STILL ACCOUNT FOR NEARLY 280 DOLLARS OF THE VALUE OF EVERY FED ANIMAL.  AND AS PRODUCERS CONTINUE REBUILDING THE NATIONS HERD--ANALYSTS THINK THE EXPORT PICTURE WILL IMPROVE IN 2016. BEEF EXPORTS IN 2015 FINDING PLENTY OF HEADWINDS IN 2015...FANNED BY HIGH CATTLE PRICES AND A STRONG U.S. DOLLAR.
AUSTRALIA DROUGHT:
DROUGHT IN AUSTRALIA FORCING CATTLE TO THE EXPORT MARKET AND PUSHING IT'S OWN HERD TO ITS LOWEST LEVELS IN MORE THAN 20 YEARS. FRESHLY INKED FREE TRADE AGREEMENTS WITH KOREA, JAPAN AND CHINA DIDN'T HURT EITHER. BUT ANALYSTS DON'T EXPECT THE SAME PUSH OUT OF AUSTRALIA IN 2016 AS IT BEGIN REBUILDING IT'S OWN HERD...OPENING A DOOR FOR U.S. EXPORTERS IN 2016.
 ADD TO IT LARGER SUPPLIES HERE AT HOME, A SOFTER DOLLAR AND LOWER PRICES--EXPORTS ARE EXPECTED TO PICK UP IN 2016. SENG SAYS 2015 DID SEE SOME POSITIVE ON THE MARKET DEVELOPMENT FRONT.
HE SAYS PLACES LIKE SINGAPORE, VIETNAM AND THE CARIBBEAN SHOWING SIGNS OF INCREASING PURCHASES OF U.S. BEEF.
ON THE IMPORT FRONT...CATTLE FAX EXPECTS IMPORTS TO THE U.S. TO DIP 8 PERCENT AS COW SLAUGHTER HERE AT HOME PICKS UP.
FUTURE FOR COTTON EXPORT:
MEANWHILE, THE EXPORT PICTURE FOR COTTON DOES NOT SHOW MUCH PROMISE THIS YEAR. 
THE NATIONAL COTTON COUNCIL RELEASING ITS ANNUAL ECONOMIC OUTLOOK AND PLANTING INTENTIONS REPORT.  N-C-C EXPECTS COTTON EXPORTS WILL DROP 15 PERCENT FROM LAST YEAR. MUCH OF THAT DECLINE IS DUE TO CHINA'S SHRINKING DEMAND FOR COTTON.
AS FAR AS U-S PLANTING INTENTIONS, THE COTTON COUNCIL EXPECTS GROWERS TO PLANT 9 POINT 1 MILLION ACRES OF COTTON THIS SPRING. THAT WOULD BE MORE THAN 6 PERCENT HIGHER THAN A YEAR AGO.
REJECTION OF RE-DESIGNATED COTTONSEED NOT TO HAVE IMPACT ON PRODUCTION NUMBERS:
THE COTTON COUNCIL SAYS LAST WEEK'S DECISION BY THE AG DEPARTMENT NOT TO DESIGNATE COTTON SEED AS AN OILSEED WOULD HAVE LITTLE, IF ANY, IMPACT ON THEIR SURVEY.
CROP COMMENTS:
NOW LET'S CHECK IN WITH MIKE HOFFMAN FOR THIS MORNING'S CROP COMMENTS. MIKE.
LET'S START OFF NEAR VERNON, ALABAMA. WILL GILMER SNAPPED THIS PHOTO OF THE SUN RISING ON HIS DAIRY FARM.
TEASE:
WHEN WE COME BACK WE'LL TALK ABOUT CASH CORN PRICES AND MANAGING BASIS THROUGH LATE WINTER.
A BLIZZARD OF "BIBLICAL" PROPORTIONS TESTS A TEXAS FARMERS' WILL BUT NOT HIS FAITH.
AND CARING FOR CATS -WILL THIS BE ON THE "FINAL?"
CME:
IN AGRIBUSINESS LETS SEE MARKETS BEGAN THE WEEK FROM THE FLOOR OF THE CME IN CHICAGO.
MARKETS TRADING LOWER HERE THROUGHOUT THE COURSE OF THE DAY FOR VARIOUS REASONS. REALLY SOME CONCERNS ABOUT THE WORLD STOCK MARKET CAUSING A LOT OF THE SELLING STOCK MARKET SHARPLY LOWER HERE IN THE UNITED STATES AND ACTUALLY THROUGHOUT THE WORLD. AND SOME CONCERNS ABOUT THE PRODUCTION DOWN IN BRAZIL AND ARGENTINA AS WELL. BOTH OF THOSE COUNTRIES ARE ON HOLIDAY FOR CARNIVAL THIS WEEK. BUT THE WEATHER ISN'T AND THE WEATHER HAS BEEN REALLY GOOD. WHEAT MARKETS STILL SUFFERING THE HANGOVER FROM THE PROBLEMS WITH EGYPT.
AGRIBUSINESS:
TYNE MORGAN JOINS US WITH MORE ON MANAGING THE  CASH MARKET.
WELCOME BACK TO AGDAY. WELL, MATT, WE KNOW A LOT OF FARMERS STILL HAVE CORN LEFT IN THE BIN UNSOLD. OUR LAST USDA REPORT TOLD US NOT AS MUCH AS WE ORIGINALLY THOUGHT, BUT THERE IS STILL A LOT OF OLD CROP CORN OUT THERE. SO FOR THOSE FARMERS THAT DO HAVE POSSESSION OF THAT, WHAT IS YOUR ADVICE RIGHT NOW? > WELL, I THINK THERE IS A VARIETY OF THINGS THAT WE CAN DO. FIRST OF ALL, FOR A GUY THAT NEEDS CASH, AND LET'S FACE IT MOST OF US NEED CASH AT THIS POINT, YOU KNOW WHAT GO AHEAD AND SELL THE CORN.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, PRETTY COLD TO START THE WEEK ACROSS THE BIG PART OF THE COUNTRY. THERE'S ANOTHER SHOT COMING BY THE WEEKEND. PROBABLY GOING TO BE THE COLDEST DAY OF THE YEAR FOR PARTS OF THE GREAT LAKES AND THE NORTHEAST.
THAT'S NOT SAYING A WHOLE LOT THIS WINTER. YOU CAN SEE THAT BIG STORM SYSTEM OVER THE GREAT LAKES. THAT'S WHAT'S PULLING IN THAT COLD AIR AGAIN BY THE WEEKEND, THERE WILL BE EVEN COLDER AIR BY THE WEEKEND.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FOR OGDEN, UTAH TODAY, BRIGHT SUNSHINE, RATHER COLD. THE TEMPERATURE IS 34 DEGREES. PARIS, TEXAS IS ALSO LOTS OS SUNSHINE AND CHILLY. THE HIGH IS 54 AND FINALLY WE GO TO SOUTH BEND, INDIANA. LAKE EFFECT SNOW SHOWERS THE ENTIRE DAY. THE HIGH TEMPERATURE IS AROUND 28 DEGREES.
TEASE:
WHEN WE COME BACK REMEMBERING THE STORM OF THE SEASON--THE EPIC BLIZZARD IN TEXAS AND HOW THIS DAIRY FARM PULLED THROUGH.
AND LATER THE BIG CAT MASCOT AT L-S-U GIVES A TOUR TO STUDENTS .. AND WHAT IT TAKES TO CARE THIS MAGNIFICIENT ANIMAL.
FARMERS AND RANCHERS STILL RECOVERING FROM BLIZZARD:
THE AG DEPARTMENT IS STILL ADDING-UP THE LIVESTOCK LOSSES FROM THE CHRISTMAS BLIZZARD IN TEXAS AND NEW MEXICO. BUT IT'S CLEAR SEVERAL THOUSAND HEAD WERE LOST. THE FARM SERVICE AGENCY SAYS LIVESTOCK THAT DIED FROM THAT STORM BEFORE THE END OF THE YEAR NOW HAVE UNTIL MARCH 31ST OF THIS YEAR TO APPLY FOR POTENTIAL LOSS COVERAGE. 
BUT IF THE LIVESTOCK DIED IN 2016, THEN IT'S CONSIDERED A 2016 LOSS. THAT GIVES PRODUCERS UNTIL JANURY OF 2017 TO FILE AN APPLICATION.
HOWEVER, PRODUCERS ARE STILL ENCOURAGED TO CONTACT THEIR F-S-A OFFICE RIGHT AWAY TO REPORT THE DEATH.
FARM FAMILY WHO SURVIVED GOLIATH STORM:
IT TOOK A "HERCULEAN" EFFORT BY RANCHERS AND DAIRY PRODUCERS TO PROTECT THEIR HERDS FROM THE STORM KNOWN AS GOLIATH. 
IN THIS REPORT FROM THE TEXAS FARM BUREAU, ED WOLFF HAS THE FIRST-HAND ACCOUNT OF ONE FAMILY WHO MADE IT THROUGH.
TEASE:
STILL TO COME, IF YOUR COLLEGE STUDENT IS CONSIDERING A CAREER AS A LARGE ANIMAL VET -DID THEY ENVISION A BIG CAT, LIKE THIS!?!?!? 
THAT STORY IS NEXT.

IN THE COUNTRY:
LSU'S MASCOT IS KNOWN AS MIKE THE TIGER, THE ONLY LIVE TIGER MASCOT IN THE COUNTRY.
STUDENTS IN THE LSU COLLEGE OF AGRICULTURE'S RESIDENTIAL COLLEGE GOT AN UP CLOSE LOOK AT MIKE'S HABITAT AND LEARNED WHAT IT IS LIKE TO TAKE CARE OF SUCH A MAGNIFICENT CREATURE.
CRAIG GAUTREAUX HAS THE STORY.
( IN THE SHADOW OF TIGER STADIUM, LSU STUDENTS IN THE AGRICULTURE RESIDENTIAL COLLEGE WERE GETTING A CHANCE TO SEE WHAT IT'S LIKE TO BE LIKE MIKE THE TIGER. DAVID BAKER, A VETERINARIAN FROM THE LSU SCHOOL OF VETERINARY MEDICINE AND ONE OF MIKE'S PRIMARY CARETAKERS, TOLD THE STUDENTS THAT MIKE IN MANY ASPECTS IS VERY SIMILAR TO A REGULAR HOUSECAT.
CLOSING:
MIKE TURNS TEN YEARS OLD THIS JULY. RUMOR HAS IT, HE'D LIKE A BIG JUICY STEAK FOR HIS BIRTHDAY.
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
FOR MIKE HOFFMAN, AND AL PELL. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. WEDNESDAY ON AGDAY -WE'LL ANALYZE USDA'S LATEST SUPPLY-AND-DEMAND LEDGER. AND FIND OUT HOW A NUTRIENT DIET IS AFFECTING FARMERS ALONG THE EAST COAST. NEWS THAT MATTERS. WATCH US WEEKDAYS HERE ON AGDAY.

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