AgDay Daily Recap -February 9, 2015

February 9, 2015 02:57 AM
 

TODAY ON AGDAY
FEBRUARY 9, 2015

HEADLINES:
TODAY ON AGDAY  PUSHING FOR A TRADE DEAL WITHOUT OUR CLOSEST TRADING PARTNER…WHAT WILL 2015 HOLD FOR CATTLE MARKETS? CLINTON GRIFFITHS REPORTS FROM TEXAS,MEAT EXPORTS BUST THE RECORD BOOKS. IN ANALYSIS...NEW SUPPLY-AND-DEMAND DATA...AND HELPING YOUNSTERS GET "BOOK-SMART" ON AG.AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
CATTLE FAX ANALYST:
THEY SAY IT APPEARS STRONG CATTLE PRICES WILL STICK AROUND THIS YEAR.  CATTLE FAX EXPECT FED CATTLE PRICES TO AVERAGE IN THE MID-150'S. ON THE LOW END THEY COULD DIP TO THE 140'S. ON THE HIGH END THEY COULD HIT ONE-70. DESPITE EXCEPTIONAL PRICES IN 2014, CATTLEFAX SAYS THE MARKET HAS PEAKED. AND WITH A HERD EXPANSION UNDERWAY, PRICES WILL TREND LOWER. CLINTON GRIFFITHS HAS MORE NOW FROM CONVENTION FLOOR,
MEAT EXPORTS:
THANKS CLINTON. IT WAS A STRONG YEAR FOR EXPORTS OF U-S MEAT. THE U-S MEAT EXPORT FEDERATION RELEASED YEAR-END TOTALS AT THE CATTLE INDUSTRY CONVENTION.
CROP WATCH:
FROM SUN RISES TO SUN SETS AND LOADING GRAIN IN BETWEEN…MIKE HOFFMAN HAS A LOOK AT THIS MORNING'S CROPWATCH. GOOD MORNING, MIKE.
TEASE:
PLENTY MORE AHEAD ON AGDAY INCLUDING OUR DAILY REPORT FROM THE CME FLOOR.
CME REPORT:
IT WAS A MIXED DAY ON THE GRAIN BOARDS. LET'S HEAD TO CHICAGO FOR AN UPDATE FROM THE CME FLOOR.
ANALYSIS:
THE AG DEPARTMENT IS SCHEDULED TO RELEASE THE FEBRUARY SUPPLY-AND-DEMAND REPORT TOMORROW. ANALYSTS SAY THERE ARE TYPICALLY FEW SURPRISES. FARM DRIECTOR AL PELL TAKES A LOOK.
WX:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, IT SEEMS RECENTLY THE EASTERN CORN BELT HAS BEEN MUCH COLDER THAN THE WESTERN CORN BELT. HOW LONG WILL THIS CONTINUE? I DON'T SEE IT ENDING IMMEDIATELY, BUT I DO THINK THEY'RE GOING TO TURN COLDER FIRST IN THE CENTRAL PLAINS STATES. THEY'VE HAD SOME WARM SPELLS RECENTLY. YOU CAN SEE ON THE JET STREAM, LET'S CHECK THAT OUT. YOU CAN SEE THERE'S STILL A TROUGH IN THE EASTERN PART OF THE COUNTRY. THAT'S BEEN BRINGING THE SHOTS OF COLD AIR INTO NEW ENGLAND AND THE GREAT LAKES. THOSE AREAS HAVE BEEN STAYING MAINLY COLD RECENTLY. EVERY TIME ONE OF THESE RIDGES BUILDS INTO THE WESTERN PLAINS, YOU GET THAT VERY WARM AIR DOWN SLOPING OFF THE ROCKY MOUNTAINS. BOY, DID THEY WARM THINGS UP. ANOTHER TROUGH COMING INTO THE WEST COAST… WE'RE GOING TO SEE A BIGGER AND BIGGER TROUGH DEVELOPING IN THE EAST. THAT'S A SHOT OF ARCTIC. IN WEDNESDAY AND THURSDAY, WE WILL SEE ANOTHER SHOT OF AIR AND ANOTHER ONE LINGERING COMING SOUTHWARD. BUT WE STILL HAVE THE SOUTHERN JET THAT'S NOT ALLOWING THE TROUGH TO GO ALL THE WAY SOUTHWARD. WHAT HAPPENS HERE IS, YOU CONTINUE TO HAVE STORM SYSTEMS COMING INTO THE WEST AND COLD AIR COMING IN FROM THE NORTH. THAT SETS UP NEXT WEEK AFTER A FAIRLY TRANQUIL THIS WEEK, WE'RE GOING TO SEE A FAIRLY ACTIVE WEATHER PATTERN WITH MULTIPLE STORM SYSTEMS MOVING THROUGH MAYBE EVEN THE SOUTHERN STATES WITH SOME SNOW. SO THAT'S WHAT WE WILL BE WATCHING. THAT'S ALSO GOOD NEWS FOR THE WEST. YOU CONTINUE TO SEE THESE SYSTEMS COMING INTO THE WEST,  MAYBE THAT WILL HELP IN SOME SMALL WAY WITH THE DROUGHT SITUATIONS OUT THERE. THE TEMPERATURES FOR THIS WEEK WILL BE BELOW NORMAL FOR THE EASTERN THIRD OF THE COUNTRY AND ALSO MUCH OF TEXAS, EXCEPT THE NORTHERN PARTS. YOU CAN SEE FROM THE WEST-CENTRAL PLAINS AND WESTWARD WILL KEEP ABOVE NORMAL AGAIN. THAT'S THE BATTLE GROUND. WE'LL GO BACK AND FOURTH IN THE PLAINS STATES BETWEEN COLD AND WARM BUT PROBABLY BY THE END OF THE WEEK, WE WILL BE TURNING COLD. THEN, WITH PRECIPITATION THIS COMING WEEK, WE WILL GO NORMAL FOR MOST OF THE CENTRAL AND SOUTHERN MISSISSIPPI VALLEY ALL THE WAY UP TO EASTERN WYOMING. GOING NEAR-NORMAL FOR THE SOUTHEAST AS THE STORM SYSTEM WILL MOVE THROUGH THAT AREA EARLY IN THE WEEK. A LITTLE BIT OF A SYSTEM LATER IN THE WEEK THROUGH THE NORTHERN STATES…WE WILL GO NEAR-NORMAL THERE, BUT ABOVE NORMAL FOR MOST OF THE WEST COAST. UNFORTUNATELY, I'M NOT SEEING A LOT FOR SOUTHERN CALIFORNIA OR WESTERN PARTS OF ARIZONA. WE WILL BE WATCHING THAT. HERE'S THE THIRTY DAY OUTLOOK FOR TEMPERATURES. WE WILL CONTINUE TO GO BELOW NORMAL FROM MINNESOTA DOWN TO MISSOURI AND BACK THROUGH TEXAS AND ALL THE WAY TO THE EAST COAST EXCEPT FOR FAR SOUTH FLORIDA. WE WILL SEE ABOVE NORMAL FOR MONTANA TO WYOMING WESTWARD TO NORTHERN AND CENTRAL CALIFORNIA. THAT WILL ALSO INCLUDE WASHINGTON AND OREGON. AS FAR AS THE THIRTY DAY OUTLOOK FOR PRECIPITATION, IT DOES LOOK LIKE AN ACTIVE WEATHER PATTERN OVERALL SETTING UP STARTING NEXT WEEK. SO ABOVE NORMAL FOR MUCH OF THE WEST COAST, WESTERN STATES AND AS IT GETS INVOLVED WITH THE GULF OF MEXICO MOISTURE, IT WILL BE ABOVE NORMAL FROM EASTERN KANSAS, OKLAHOMA ALL THE WAY TO THE EAST COAST. THE ONLY BELOW NORMAL I'M GOING TO CALL FOR, IS THE FAR NORTHERN PLAINS AND PARTS OF MONTANA AS THAT COLDER AIR CONTINUES TO COME INTO THOSE AREAS. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FOR SUN VALLEY, IDAHO TODAY, IT'S CLOUDY WITH TIMES OF RAIN SHOWERS. THE HIGH TEMPERATURE IS 43 DEGREES. OTTUMWA, IOWA HAS CLOUDS AND A LITTLE BIT OF SUNSHINE. THE HIGH IS AROUND 33. MANCHESTER, NEW HAMPSHIRE IS CLOUDY AND PERIODS OF SNOW. THE HIGH IS ONLY 21.
TEASE:
UP NEXT MACHINERY PETE JOINS US WITH THE HOTTEST EQUIPMENT DEALS...AND IT INVOLVES SNOW.
MACHINERY PETE:
YOU CAN STAY UP TO DATE WITH THE LATEST DEALS BY FOLLOWING PETE ON TWITTER OR LIKING HIM ON FACEBOOK. IN ADDITION TO HIS WEEKLY SEGMENT ON AGDAY, HE'S ALSO FEATURED EVERY WEEK ON AGRITALK AND AGWEB DOT COM.
ITC 4H READERS:
STORY TIME FOR KINDERGARTNERS CAN BE FUN AND EDUCATIONAL. SOME TENNESSEE 4-HERS ARE READING TO CHILDREN IN THEIR COMMUNITY, WHILE ALSO HELPING TO TEACH LESSONS ABOUT AGRICULTURE. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF TENNESSEE, CHUCK DENNEY TELLS US ABOUT THE IMPACT OF GOOD BOOKS AND TEEN ROLE MODELS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
FOR MIKE HOFFMAN, CLINTON GRIFFITHS AND AL PELL, I'M BETSY JIBBEN. HAVE A GREAT DAY.

 

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