AgDay Daily Recap -Feb. 3, 2016

February 3, 2016 02:57 AM
 

TODAY ON AGDAY
FEB. 3, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -ELECTION NIGHT IN IOWA AS FARM COUNTRY VOTES...AND COULD A NEW NEIGHBOR SHOW UP SOON.
AN UPDATE ON WINTER WHEAT CONDITIONS. THIS CATTLE AUCTION FIRE HAS RESIDENTS IN KENTUCKY ASKING 'WHAT'S NEXT?'
IN AGRIBUSINESS...MANAGING THE 2016 MARKET.
“PROJECT YOURSELF AHEAD FOUR OR FIVE MONTHS AND SAY: WHAT IF IT IS HOT AND DRY? WHAT IF CORN IS AT4.30 ON DECEMBER FUTURES?”
 AND WE'LL MEET A GULF COAST PRODUCER WHO IS BUILDING A NEW OPERATION BASED CONSERVATION AND PROTECTING BOTH LAND AND WATER. 
PRESIDENTIAL CANDIDATES HEAD TO NEW HAMPSHIRE NEXT:
GOOD MORNING I'M CLINTON GRIFFITHS. THE PRESIDENTIAL ELECTION NOW FOCUSES ON NEW HAMPSHIRE. BUT THE MONTHS OF CAMPAIGNING ACROSS THE HAWKEYE STATE WILL LEAVE A LASTING IMPRESSION.
AFTER FINISHING SECOND TO TED CRUZ DURING THE IOWA CAUCUSES, REPUBLICAN PRESIDENTIAL CANDIDATE DONALD TRUMP REMAINS CONFIDENT HE'LL WIN THE NOMINATION AND THE WHITE HOUSE WHILE SPEAKING TO SUPPORTERS BEFORE LEAVING IOWA, DONALD TRUMP EXPRESSED HIS GRATITUDE. THE REAL ESTATE TYCOON PROMISED TO RETURN.
CHEMCHINA, SYNGENTA MERGER IN THE WORKS:
NEW REPORTS THAT AG-GIANT SYNGENTA IS CLOSING IN ON A DEAL WITH CHEMCHINA FOR ROUGHLY 45 BILLION DOLLARS.
IT'S OFFER WORKS OUT TO ROUGHLY THE SAME AMOUNT PER SHARE AS MONSANTO'S BID BACK IN AUGUST.
THE DIFFERENCE...CHEM CHINA'S IS AN ALL CASH OFFER.
FINANCIAL ANALYSTS SAY THE QUESTION IS NOW A MATTER OF SECURING THE MONEY FROM LENDERS.

 

NASS REPORTS DECLINE IN WINTER WHEAT QUALITY:
WINTER WHEAT IN MOST OF THE MAJOR WHEAT-GROWING STATES SAW QUALITY DECLINE LAST MONTH. ACCORDING TO STATE "NASS" OFFICES, THE KANSAS CROP ROSE BY ONE PERCENTAGE POINT. TO 55% GOOD TO EXCELLENT. IN OKLAHOMA, 74% OF THE CROP IS IN TOP SHAPE, BUT THAT'S DOWN THREE POINTS. AND IN TEXAS 49% OF THE CROP IS IN TOP SHAPE, A SEVEN POINT DROP FROM A MONTH AGO.
IN NEBRASKA -56 GOOD TO EXCELLENT -DOWN THREE POINTS. IN NORTH DAKOTA -MILD WINTER HAS DIMINISHED SNOW COVER. WINTER WHEAT DROPPED SIX POINTS WITH 65-PERCENT NOW GOOD TO EXCELLENT.
AND MONTANA -72-PERCENT GOOD TO EXCELLENT, DOWN TWO POINTS. THEY'VE ALSO SEEN A BIG DROP IN SNOW COVER.
FIRE INVESTIGATION CONTINUES:
FIRE INVESTIGATORS IN LEXINGTON KENTUCKY HAVE STILL NOT DETERMINED WHAT CAUSED A FIRE AT THE BLUE GRASS STOCKYARDS SATURDAY.
THE 70 YEAR OLD STRUCTURE WENT-UP IN FLAMES, LEAVING PRODUCERS WITH FEW OPTIONS TO SELL THEIR CATTLE.
IN THIS REPORT PROVIDED BY THE UNIVERSITY OF KENTUCKY, JEFF FRANKLIN TELLS JUST WHAT THE EFFECTS WILL BE TO THE AG ECONOMY IN THE BLUEGRASS STATE AND WHAT THE PLANS ARE TO REBUILD THE FACILITY.
COMMUNITY MEMBERS SHARE MEMORIES OF THE FACILITY:
THIS IS THE SMOLDERING REMAINS OF THE BLUEGRASS STOCKYARDS IN LEXINGTON THAT WAS DESTROYED BY A SPECTACULAR FIRE THAT COULD BE SEEN IN SOME COMMUNITIES MILES AWAY. MANY PEOPLE HAVE FOND MEMORIES OF THE STOCKYARDS FROM GROWING UP AROUND IT AND VISITING THERE WITH THEIR FAMILIES WHILE EITHER SHOWING OR SELLING LIVESTOCK. ONE OF THEM IS NEW KENTUCKY AG COMMISSIONER RYAN QUARLES.
STOCK YARD SAW MORE THAN ONE-HUNDRED CATTLE SOLD OVER THE YEARS:
MORE THAN ONE-HUNDRED THOUSAND CATTLE WERE SOLD AT THE BLUEGRASS STOCKYARDS IN 2015 AT A VALUE OF ABOUT $100 MILLION DOLLARS. NOW PRODUCERS WILL HAVE TO TAKE THEIR CATTLE TO OTHER MARKETS IN THE BLUEGRASS STOCKYARDS OWNERSHIP GROUP, 45 MINUTES TO AN HOUR OUTSIDE OF LEXINGTON. FROM THE UNIVERISTY OF KENTUCKY COLLEGE OF AGRICULTURE, FOOD AND ENVIRONMENT, I’M JEFF FRANKLIN REPORITNG.
DAIRY FARMERS IN THE SOUTH RECOVERING FROM STORM:
WHILE A WINTERY STORM RAGES THROUGH THE MIDWEST, PRODUCERS FROM THE SOUTH ARE STILL CLEANING UP FROM THE LAST BLIZZARD. THE KENTUCKY DAIRY DEVELOPMENT COUNCIL'S EXECUTIVE DIRECTOR, MAURY COX, SAYS OVER A MILLION POUNDS -OR A LITTLE OVER 24 TANKER LOADS OF MILK WAS DUMPED WITHIN THE STATE LATE JANUARY DUE TO THAT WINTERY MIX.
CROP COMMENTS:
GOOD MORNING CLINTON. THE WINTER STORM IS TRAVELING ACROSS THE PLAINS AND UPPER MIDWEST JULIANNE JOHNSTON FROM OUR PROFARMER OFFICE IN CEDAR FALLS IOWA SENT THIS PHOTO. AT ONE POINT, SNOW WAS FALLING TWO INCHES AN HOUR. WIND WAS GUSTING UP TO 30 MILES AN HOUR. THAT'S A TREACHEROUS COMBINATION. THE WINTERY MIX IS ALSO MOVING THROUGH NEBRASKA.
WEATHER PREVIEW:
NOW TAKING A LOOK AT THE WEATHER MAP YOU CAN SEE A STORM SYSTEM THAT'S CAUSING ALL THE SNOW ALSO CAUSING SOME BIG THUNDERSTORMS FROM OHIO DOWN TO THE PANHANDLE OF FLORIDA THIS MORNIG THAT STORM WILL CONTINUE TO MOVE EAST I'LL HAVE MY FORECAST FOR THAT BUT NOW HERE'S A LOOK AT SOME HOME TOWN TERPERATURES. WITH THE UNIQUELY POWERFUL FORMULATION OF PROVEN INGREDIENTS RESICORE CORN HERBICIDE GIVES YOU EXTRAORDINARY POWER AT LEAST WHEN IT COMES TO WEEDS.ALRIGHT--WHEN WE COME BACK, WE'LL TALK BUDGETING AND MANAGING WHAT'S SURE TO BE A CHOPPY 2016. AND LATER, IT'S A TRIP TO THE GULF TO SEE HOW THIS TOP PRODUCER FINALIST GROWING A NEW OPERATION BASED ON PRESERVING THE LAND AND THE WATER.
AGDAY -BROUGHT TO YOU BY TOP THIRD AG MARKETING -FARMER FIRST WITH A PLAN FOR EVERY MARKET.

ANALYSIS:
IT'S NO DOUBT 2016 IS GOING TO BE A BUMPY ADJUSTMENT FOR MANY SECTORS OF AG.
TYNE MORGAN JOINS US FOR ANALYSIS THIS MORNING AND A LOOK AT MANAGING THROUGH THESE LOWER MARKETS.
WE ARE HERE NOW WITH CHIP NELLINGER OF BLUE REEF AGRI MARKETING.
CHIP, I KNOW THAT A LOT OF OUR VIEWERS ARE HOPEFUL WHEN THEY HEAR FORECASTS OF LA NINA AND THINGS LIKE THAT THAT THE DROUGHT WILL HAPPEN NOT ON THEIR FARM, BUT MAYBE SOMEONE ELSE'S FARM AND THEY WILL BENEFIT FROM THOSE PRICES. BUT WHEN WE LOOK AT ALL OF THE RISKS AND EVERYTHING GOING INTO 2016 WHAT IS YOUR ADVICE FOR A PLAN?> AND THAT'S AN IMPORTANT PART OF THAT. THERE MAY BE A DROUGHT, THERE MAY NOT BE, BUT WHAT ARE YOU GOING TO DO IN EACH SITUATION? SO I THINK THIS TIME OF YEAR, ESPECIALLY IN THE WINTERTIME, IT IS IMPORTANT TO THINK AHEAD AND PROJECT YOURSELF AHEAD FOUR OR FIVE MONTHS AND SAY: WHAT IF IT IS HOT AND DRY? WHAT IF CORN IS A T4.30 ON DECEMBER FUTURES?

NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN JOINING US. MIKE, THAT STORM IS BIG AND POWERFUL BUT MOVED QUICKLY ACROSS THE COUNTRY. YES, IT REALLY DID. THAT CONTINUES TO MOVE THROUGH MICHIGAN THIS MORNING WITH A THUNDERSTORM TO THE SOUTH AND ANOTHER STORM LINGERING OFF THE WEST COAST.
REGIONAL WEATHER:
NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE WILL HEAD TO BILLINGS, MONTANA. IT'S PARTLY TO MOSTLY CLOUDY AND CHILLY. THE HIGH IS AROUND 28 DEGREES. VICTORIA, TEXAS LOTS OF SUNSHINE AND COOLER. THE HIGH IS 63.
TEASE:
WHEN WE COME BACK, THE DROUGHT MAY BE EASING IN CALIFORNIA BUT PARTS OF AFRICA ARE SUFFERING. AND LATER THIS ALABAMA TRANSPLANT IS FINDING HER ROOTS IN THE BLACK BELT OF THE SOUTH.
CHOBANI TO STOP RAGGING ON DANNON:
A YOGURT SPAT GETTING RESOLVED THIS WEEK BY THE U.S. DISTRICT COURT IN THE NORTHERN DISTRICT OF NEW YORK.
THE RULING ORDERING CHOBANI TO STOP USING MARKETING MATERIALS THAT MENTION DANNON LIGHT AND FIT GREEK YOGURT. THE DECISION FOLLOWS A LAWSUIT FROM DANNON AFTER CHOBANI BEGAN AN AD CAMPAIGN SLAMMING IT FOR USING SUCRALOSE--ALSO KNOWN AS SPLENDA-AS BEING NON-NATURAL. CHOBANI SAYS IT WILL RESPECT THE COURT RULING.
CHIPOTLE INVESTIGATION OVER:
EMBATTLED BURRITO MAKER, CHIPOLTE IS BREATHING EASY FOLLOWING AN ANNOUNCEMENT FROM CDC. IT SAYS THE RECENT OUTBREAK OF E-COLI APPEARS TO BE OVER...AND IT'S CLOSING THE INVESTIGATION. THE C-D-C SAYS 60 IN 14 STATES WERE IMPACTED.
HOWEVER, THE SOURCE OF ILLNESS REMAINS UNKNOWN--AND EXECUTIVES AT CHIPOLTE SAY THEY MAY NEVER BE ABLE TO IDENTIFY WHAT MADE PEOPLE SICK. THE COMPANY SAYS IT CONTINUES TO REVAMP ITS FOOD SAFETY METHODS.
EL NINO BRINGS DROUGHT TO ETHIOPIA:
IN THE HOT AND ARID AFAR REGION OF ETHIOPIA, THE SEASON'S HARVEST HAS COMPLETELY FAILED FOR FARMERS DUE TO THE SEVERE DROUGHT. EL NINO MAY HAVE TRIGGERED DROUGHT IN ETHIOPIA, LEAVING AS MANY AS 10 MILLION PEOPLE FOOD INSECURE. THE UNITED NATIONS LAST WEEK SAID THE WEATHER PATTERN HAS RESULTED IN CROP REDUCTION OF 50 TO 90 PER CENT IN ETHIOPIA.

CHILDREN STARVING:
THIS FARMER SAYING "THERE IS NO HARVEST FROM MY FARM. IT HAS COMPLETELY FAILED. HE SAYS OTHER FARMS MUCH BIGGER THAN HIS FAILED AS WELL."
AT ONE HEALTH CENTER IN THE DISTRICT 20 TO 30 SEVERELY MALNOURISHED CHILDREN ARE NOW ARRIVING EVERY MONTH.
THE U-N ISSUED AN EMERGENCY INTERNATIONAL APPEAL FOR ONE AND A HALF BILLION DOLLARS. THE U-S AGENCY FOR INTERNATIONAL DEVELOPMENT ANNOUNCING IT WILL PROVIDE 97 MILLION DOLLARS IN EMERGENCY ASSISTANCE TO ETHIOPIA.
TEASE:
WATER....IT'S THE LIFEBLOOD OF ANY GREAT FARM. UP NEXT WE'LL MEET AN ALABAMA FARMER BUILDING HER OPERATION AROUND CONSERVING AND PROTECTING THIS PRECIOUS RESOURCE.
TOP PRODUCER FINALIST DEVELOPS WATER CONSERVATION STRATEGY :
EVERY YEAR, OUR PARTNERS AT TOP PRODUCER MAGAZINE AWARD A FARMER OR RANCHER CONSIDERED TO BE 'THE TOP PRODUCER OF THE YEAR.'
WE INTRODUCED YOU TO THE WINNER LAST WEEK. NOW MEET ANOTHER FINALIST, ANNIE DEE FROM ALICEVILLE, ALABAMA...SHE'S LEADING BY EXAMPLE WITH HER CONSERVATION EFFORTS ON THE FARM.
WATER, SO ESSENTIAL TO LIFE AND A CATALYST BUBBLING BENEATH THE DEE RIVER RANCH STORY. A STORY AND AN ELEMENT BEHIND ANNIE DEE'S SUCCESS.
CLOSING:
FOR TYNE MORGAN AND MIKE HOFFMAN,  I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. THURSDAY ON AGDAY WE MEET A WISCONSIN DAIRY PRODUCER WHO BUILT A LEGACY OF SUCCESS. PLUS THE LATEST THE GRAIN MARKET NEWS AND MIKE HOFFMAN'S WEATHER. WATCH US DAILY ON AGDAY.

 

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