AgDay Daily Recap -January 16, 2017

January 16, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 16, 2017


HEADLINES
TODAY ON AGDAY - EMPTY OFFICE - THE AG SECRETARY LEAVES HIS POST WITH A  WEEK TO GO. HOLSTEIN HANG-UP - WHY SOME PACKERS ARE SAYING NO TO  DAIRY COWS. IN AGRIBUSINESS.. REPORT RECAP... WE GOT TO CUT THE PRODUCTION SIDE DOWN WHEN YOU’VE BEEN IN A BEAR MARKET FOR AS LONG AS WE HAVE BUT NOW WE NEED A CATALYST MACHINERY PETE SHOWS THE BEST DEALS IN NO-TILL SEED DRILLS. AND FROM FOREST TO FUEL - HOW A QUICK GROWING TREE MAY BE PART OF THE  MIX. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

VILSACK LEAVES A WEEK EARLY
GOOD MORNING I'M CLINTON GRIFFITHS. IT'S MARTIN LUTHER KING JUNIOR DAY  SO GOVERNMENT OFFICES AND THE MARKETS ARE CLOSED TODAY TO  REMEMBER THE CIVIL RIGHTS LEADER.  NOW TO OUR TOP STORY WITH JUST A  WEEK LEFT AT THE HELM OF USDA, AG SECRETARY TOM VILSACK QUIETLY  WALKED OUT OF OFFICE.  VILSACK TELLING EMPLOYEES IN AN EMAIL THAT LAST FRIDAY WAS HIS FINAL DAY.  HE LED USDA FOR EIGHT YEARS CLAIMING THE TITLE OF PRESIDENT OBAMA'S LONGEST-SERVING CABINET SECRETARY. THE EMAIL DID NOT SPECIFY WHY HE LEFT WITH JUST A FEW DAYS LEFT IN HIS  TENURE NOR IF SOMEONE WILL REPLACE HIM UNTIL TRUMP IS INAUGURATED  THIS FRIDAY.  BEFORE LEAVING VILSACK SAID BY WAITING SO LONG TO NAME HIS SUCCESSOR-- THE NEW AG SECRETARY WILL BE AT A TREMENDOUS DISADVANTAGE LEARNING  WHAT THE DEPARTMENT DOES. THE LAST TIME WE DIDN'T HAVE AN AG SECRETARY ON INAUGURATION DAY...IT  WAS CLAYTON YEUTTER. HE WASN'T CONFIRMED FEB 16 IN 1989...UNDER THE BUSH ADMINISTRATION.

FLORIDA’S ORANGE CROP WOES
FLORIDA'S FAMED ORANGE CROP CONTINUES TO SHRIVEL UNDER PRESSURE OF  CITRUS GREENING. THE LATEST PRODUCTION FORECAST SHOWS THIS YEARS FLORIDA ORANGE  CROP WILL BE 12-PERCENT SMALLER THAN A YEAR AGO. AND IT'S NOW 70-PERCENT BELOW ITS PEAK LEVELS SET IN THE 1997-98  GROWING SEASON. OUR REPORTING PARTNERS AT THE PACKER SAY SHORT OF SUCCESSFUL  TREATMENTS, THE FLORIDA ORANGE INDUSTRY IS TAKING OTHER STEPS. 'THEY'VE BEEN INVESTING FROM THE GROWER LEVEL AND GOVERNMENT. AND  NOW STARTING TO BRING RESISTANT VARIETIES ON THE SCENE. OF COURSE  ANOTHER WAY TO COMBAT IT IS TO HAVE DIFFERENT VARIETIES. CALIFORNIA HAS  HAD TONS OF SUCCESS WITH EASY PEEL OR CLEMENTINES. AS YOU SEE SOME  OF THE LABELS LIKE HALO OR CUTIES THRU OUT THE YEARS. THEY'RE GROWING  EACH YEAR AND NOW FLORIDA IS STARTING TO GET INTO THAT MARKET ALSO."> IN MARCH OF LAST YEAR, FLORIDA AG COMMSSIONER ADAM PUTNAM ISSUED A  CRISIS DECLARATION. IT ALLOW ORANGE GROWERS TO START USING THREE  ANTI-MICROBIALS TO FIGHT CITRUS GREENING.  THE E-P-A LATER APPROVED THE USE OF THE SAME TREATMENTS.

HOLSTEIN PRICE PRESSURE
CATTLE PRICES ARE STILL CONSIDERABLY LOWER THAN THE HIGHS OF 2 YEARS  AGO. HOWEVER, HOLSTEIN CATTLE APPEAR TO BE FACING THEIR OWN PRICE  PRESSURE- AS BUYERS PUSH DISCOUNTS AND SOME PACKERS SHUT THE DOOR.  NATIONAL REPORTER BETSY JIBBEN HAS THE STORY.  STEP INTO THE LAKE ODESSA LIVESTOCK AUCTION IN SOUTH CENTRAL  MICHIGAN. WHERE HOLSTEINS ARE UP FOR BID. "THE EXPANSION IS UNDERWAY AND WILL NOT STOP,"RADEMACHER IS TALKING ABOUT THE STATE'S DAIRY BOOM. USDA'S LATEST MILK PRODUCTION REPORT SAYS MICHIGAN CONTINUES TO SEE  GROWTH IN MILK COWS AND PRODUCTION. GROWING MORE THAN 5 PERCENT  OVER  A YEAR AGO.  "THE HERDS WHICH WERE 250 ARE NOW 1,000 OR THREE THOUSAND,"WHILE THE STATE'S DAIRY HERD EXPANDS, THE PRICES AT AUCTION SKRINKS.  PRODUCERS SAY HOLSTEINS SEEM TO SEE LARGER DISCOUNTS THAN NORMAL.  "THE HOLSTEIN STEER MARKET HAS JUST WENT ALL TO PIECES. THE FELLAS FEEDING COLORED CATTLE AND  BLACK CATTLE; THEY'RE HOLDING UP AT 1/10 AND 1/20 BUT THE HOLSTEIN STEERS ARE 80 CENTS, ""TYPICALLY YOU HAVE YOUR HOLSTEIN PRICES 10 OR 15 DOLLARS BELOW THE STANDNARD ANIMALS AND THERE'S TALK OF 20 OR 25 DOLLARS BELOW NOW BECUASE T HEY NEED TO GO FURTHER TO FIND A HOME OT BE SLAUGHTERED,"CONTACTS IN THE SOUTHERN PLAINS TELLING AGDAY SOME SALE BARNS ARE  SEEING 35 TO 40 DOLLAR DISCOUNTS ON HOLSTEINS.  PRODUCERS SAY IT'S NOT HELPING THAT SOME MAJOR PACKERS ARE CUTTING  BACK OR NOT ACCEPTING DAIRY CATTLE FOR SLAUGHTER. "THERE IS A BIGGER DISCOUNT WITH HOLSTEINS TODAY BECAUSE SOME OF THE PACKERS ARE NOT KILLING  HOLSTEINS. THEY JUST QUIT AND ALL THEY'RE KILLING IS COLORED CATTLE."SOME TRUCK DRIVERS AT THE AUCTION SAY THEY'VE ALREADY REDUCED THEIR  TRIPS TO TYSON IN JOSLIN, ILLINOIS.  "THE GUY I WORK WITH, WE WERE GOING TO JOSLIN 3 OR 4 TIMES A DAY. ALL OF THE CATTLE NOW ARE PRETTY MUCH GOING TO DIFFERENT PACKING HOUSES BESIDES TYSON. THEY WANT ALL COLORS DOWN  THERE,"SALE BARN OWNERS AND PRODUCERS VERIFYING WITH AGDAY THE SQUEEZE IS  FELT MAINLY FELT AT TYSON PLANTS IN THE MIDWEST.  TYSON SAYS THE COMPANY CANNOT COMMENT ON ITS BUYING PRACTICIES,  THEY CONSIDER IT PROPRIETARY. DOHERTY SAYS THE IMPACT OF PACKERS SCALLING BACK IS HARD TO  DETERMINE AT THIS POINT.  "THE PACKER INDUSTRY CONTINUES TO LOOK FOR HIGH EFFICIENCY  AND PROFIT MARGINS AND IT LOOKS  LIKE THE HOLSTEIN STEER IS ON THE SHORT END OF THE STICK AGAIN. IT LOOKS LIKE THAT INDUSTRY IS GOING  TO HAVE AN ISSUE IN SUPPLY,"WHIEL HTE CHANGES ARE OUT OF THE PRODUCER'S CONTROL, THESE SOGGY  MARKETS HAVE THE DAIRY INDUSTRY NERVOUS ABOUT THE PROSPECTS FOR  FINDING PROFITS BEYOND THE MILK PARLOR.  REPORTING IN LAKE ODESSA, MICHIGAN, I'M BETSY JIBBEN.  THANKS BETSY.  WHILE SOME PACKERS ARE SCALING BACK, OTHERS ARE MAINTAINING THEIR  NUMBERS.CARGILL TELLING AGDAY THE COMPANY "HAS NOT CHANGED ITS CATTLE  PROCUREMENT PRACTICES." JBS ALSO SAYING THE COMPANY "WILL CONTINUE TO ACTIVELY PARTICIPATE IN  HOLSTEIN STEER" MARKET.

CROP COMMENTS
MIKE HOFFMAN JOINS US NOW WITH A LOOK AT CROP COMMENTS.  GOOD MORNING, CLINTON.  TODAY'S CROP COMMENT IS FROM JASON SCOTT OF BURROWS, INDIANA. HE SENT US THIS VIEW IN THE BARN OF FULL BELLIES ON BRAND NEW BABIES. AND TAKING A LOOK AT THE DROUGHT MONITOR YOU CAN SEE IT’S STILL DRY IN THE FAR SOUTHWEST AND THE SOUTHEAST BUT BOTH PALCES HAVE BEEN IMPROVING AND THERE’S MORE RAIN THIS WEEK COMING I’LL SHOW YOU THAT IN MY FORECAST AS WELL AS THE THIRTY DAY OUT LOOKCOMING UP BUT FIRST HERE ARE SOME HOMETOWN TEMP CONGRATULATIONS TO OUR DECEMBER CROP COMMENTS WINNER, KEN DOWNING FROM BRIMFIELD, ILLINOIS. KEN CALLS HIMSELF AN 'UNCONVENTIONAL FARMER.' HE'S A FARM KID TURNED TREE SPADE OPERATOR AND HAS BEEN IN THAT PROFESSION FOR THIRTY YEARS.KEN WON A 100-DOLLAR GIFT CARD FROM CABELA'S PROVIDED BY RESICORE, ALL BY SUBMITTING A PHOTO.

TEASE
WHAT DID LAST WEEK'S USDA REPORTS TELL US ABOUT GRAINS MARKETS?WE'LL DISCUSS THAT COMING UP IN AGRIBUSINESS.. PLUS MACHINERY PETE IS HERE. STAY TUNED FOLKS COMING UP WE'LL TALK TO NO TILL DRILLS.  PLUS FROM FOREST TO FUEL - AND HOW QUICK-GROWING TREES ARE PART OF  THE EQUATION. THE NEXT GENERATION OF HEAVY DUTY ENGINE OILARE HERE.  INTRODUCING DELO 400 WITH  ISOSYN ADVANCED TECHNOLOGY.  THE NEW DELO 400 PRODUCT LINE IS BIGGER AND BETTER THAN  EVER.  

FLOOR OF THE CME
IN AGRIBUSINESS MARKETS ARE CLOSED TODAY BE LETS SEE HOW THINGS  FINISHED UP LAST WEEK. WE GET OUR DETAILS STRAIGHT FROM THE FLOOR OF THE CME IN CHICAGO. POSITIVE DAY IN THE SOY COMPLEX ONCE AGAIN, ESPECIALLY SOYBEANSAND SOYBEAN MEAL WITH SOME FURTHER FALL OUT WITH THE USDA REPORTSON THURSDAY. PLUS SOME REPORTS FORECAST SOME POTENTIAL FOR SOMEBAD WEATHER DOWN IN SOUTH AMERICA ONCE AGAIN. AND THE WEATHER UP UNTIL NOW HAS BEEN LESS THAN FAVORABLE IN MANY AREAS. MANY AREAS HAVE BEEN GOOD IN SOUTHERN AND CENTRAL BRAZIL BUT NORTHERN AND NORTHEASTERN BRAZIL REMAIN VERY DRY. STRONG DAY IN THE CATTLE COMPLEX AND ALSO IN THE HOGS. ALL MARKETS TRADING HIGHER ON FRIDAY. THE HOG MARKET STILL REPORTING GOOD SUPPLIES AVAILABLE IN THE MARKET BUT THE PACKER STEPPING UP AND BUYING ON A FRIDAY KEEPING PRICES FAIRLY FIRM. OVERALL, IT'S A MARKET THAT WE KNOW HAS VERY GOOD SUPPLY BUT THE DEMAND HAS BEEN BETTER THAN MANY HAVE EXPECTED. AND THAT CONTINUES TO SUPPORT THE MARKET. THE CATTLE MARKET IS A TALE OF TWO MARKETS WITH THE BEEF MARKET REPORTING LOWER PRICES BUT THE GOOD SOLID UNCHANGED TO HIGHER PRICES REPORTED IN THE AUCTION MARKETS IN THE GREAT PLAINS. ANYWHERE FROM 1.17 TO 1.20 BEING REPORTED PAID AND IT REALLY SEEMS THE PACKER IS SHORT BOUGHT OVER WITH THE CATLE MARKET RIGHT NOW. 20 EVEN THOUGH HE'S LOOKING AT LOWER PRICES IN THE BEEF WHOLESALE MARKET, HE'S PAYING UP TO MAKE SURE HE HAS ENOUGH SUPPLIES ON HAND.THANKS VERY MUCH. THIS IS JACK SCOVILLE, I'M VICE PRESIDENT OF PRICE FUTURES GROUP HERE ON THE CME FLOOR WITH SOME PRICES FROM THE MARKETS. POSITIVE DAY IN THE SOY COMPLEX ONCE AGAIN, ESPECIALLY SOYBEANS AND  SOYBEAN MEAL WITH SOME FURTHER FALL OUT WITH THE USDA REPORTS ON  THURSDAY. PLUS SOME REPORTS FORECAST SOME POTENTIAL FOR SOME BAD  WEATHER DOWN IN SOUTH AMERICA ONCE AGAIN. AND THE WEATHER UP UNTIL  NOW HAS BEEN LESS THAN FAVORABLE IN MANY AREAS. MANY AREAS HAVE BEEN  GOOD IN SOUTHERN AND CENTRAL BRAZIL BUT NORTHERN AND NORTHEASTERN  BRAZIL REMAIN VERY DRY. STRONG DAY IN THE CATTLE COMPLEX AND ALSO IN  THE HOGS. ALL MARKETS TRADING HIGHER ON FRIDAY. THE HOG MARKET STILL  REPORTING GOOD SUPPLIES AVAILABLE IN THE MARKET BUT THE PACKER  STEPPING UP AND BUYING ON A FRIDAY KEEPING PRICES FAIRLY FIRM. OVERALL,  IT'S A MARKET THAT WE KNOW HAS VERY GOOD SUPPLY BUT THE DEMAND HAS  BEEN BETTER THAN MANY HAVE EXPECTED. AND THAT CONTINUES TO SUPPORT  THE MARKET. THANKS VERY MUCH. THIS IS JACK SCOVILLE, I'M VICE PRESIDENT  OF PRICE FUTURES GROUP HERE ON THE CME FLOOR WITH SOME PRICES FROM  THE MARKETS. 

AGRIBUSINESS
BRAD MATTHEWS, ROACH AG MARKETING, OUR GUEST AT THE AGRIBUSINESS  DESK TODAY. BRAD, WE HAVE THAT BIG REPORT LAST WEEK FROM USDA, LOTS  OF STUFF IN THERE FROM PRODUCTION TO GRAIN STOCKS TO EVEN WHEAT  SEEDINGS. WHAT DO YOU TAKE AWAY FROM THAT? WHAT STOOD OUT TO YOU?  WELL, WE'RE GOING TO CONTINUE TO SEE THE CORN MARKET NOT DO A LOT.  THEY DIDN'T REALLY TELL US ANYTHING DIFFERENT. WE SAW A VERY SLIGHT  CHANGE IN THE CARRY-OUT. STILL BURNING SOME SUPPLY. CORN WILL  PROBABLY GO NOWHERE FOR THE NEXT 30 TO 60 DAYS. I DO THINK WE WILL SEE  HIGHER PRICES IN THE SPRING, GOING DOWN THE ROAD BECAUSE OF ACRES  AND WHATNOT. BUT FOR NOT, IT'S PROBABLY  NOT GOING TO GO ANYWHERE.  ALRIGHT. SOYBEANS, VERY INTERESTING BECAUSE THEY'RE LOOKING FOR AN INCREASE IN PRODUCTION, PROBABLY A 2 PERCENT INCREASE IN YIELD AND  THEY ENDED UP PUNTING IT BY 4 BUSHELS. WE SAW THE CARRY-OUT GO DOWN  BY 60 MILLION. NOW, WHAT WE NEED TO LOOK AT GOING FORWARD IS, ARE THEY  GOING TO MAKE ANY DEMAND ADJUSTMENTS? BECAUSE THAT CARRYOUT ONLY  WENT DOWN FROM PRODUCTION. THEY DIDN'T CHANGE ANYTHING ON THE  DEMAND SIDE. DEMAND HAS BEEN GOOD. IF THEY HAVE TO INCREASE DEMAND,  THEN WE WILL CONTINUE TO SEE THE SOYBEAN CARRYOUT GO DOWN. ALRIGHT, I  GUESS THAT WILL DRIVE MORE ACRES THEN? IT WILL, AND THE OTHER THING IS  BECAUSE DEMAND IS SO GOOD, WE NEED TO KEEP PRICES HIGH ENOUGH SO WE  CAN FIRM THOSE BEAN ACRES. OK, AS FAR AS WHEAT GOES, ANYTHING STAND  OUT THERE? SEEDINGS ARE AS LOW AS THEY WERE IN 1909. IT'S GOOD TO SEE  THAT. YOU HAVE TO START SOMEWHERE. YOU HAVE TO CUT THE PRODUCTION  WHEN WE'VE BEEN IN A BEAR MARKET AS LONG AS WE HAVE. BUT NOW WE NEED  A CATALYST. WE HAVE THE FUNDS SHORT 100 THOUSAND PLUS CONTRACTS A  WEEK. THAT'S A PRETTY GOOD SIZED SHORT POSITION. YOU COULD DEFINATELY  GET A WHEAT RALLY BUT YOU NEED MORE OF A CATALYST HERE, WHETHER IT'S  THE DRYNESS WE'RE SEEING IN OKLAHOMA AND SOME OF THOSE AREAS, IF  THERE'S A WINTER KILL ISSUE OR EVEN A PRODUCTION HICCUP IN RUSSIA,  UKRAINE OR AUSTRALIA; WE JUST NEED SOMETHING ELSE AND WE COULD  REALLY GET A POP IN WHEAT. ALRIGHT, GET A LITTLE KICK START THERE.  APPRECIATE IT. WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE.  TO TALK WITH AN EXPERT ONE ON ONE CALL ROACH AG MARKETING TOLL FREE  AT 800-622-7628. AGDAY - BROUGHT TO YOU BY RESICORE HERBICIDE FOR CORN.  A UNIQUELY PWERFUL FORMULATION.   EXTRAORDINARY POWER OVER WEEDS. 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY THE LIBERTYLINK SYSTEM, A SIMPLY BETTER SOLUTION FROM  BAYER. WELCOME BACK TO AGDAY, WITH MIKE HOFFMAN. MIKE, IF WE LOOK AT RAINFLL  OVER THE PAST WEEK OR SO, REALLY A LOT OF THE ACTION IS OUT WEST FOR  THE MOST PART. YES, IT REALLY HAS. YOU CAN SEE PLACES IN THE EASTERN  THIRTY TO THE MISSISSIPPI BUT MOST OF IT WAS IN THE WEST AS WE'VE BEEN TALKING. IN FACT, THIS IS ACTUALLY RADAR ESTIMATED RAINFALL AND MELTED  SNOWFALL WHICH DOESN'T DO TOO WELL THROUGH THE MOUNTAINS SO IT'S A  LOT MORE THROUGH THE SIERRA NEVADAS BUT YOU CAN SEE WIDE-SPREAD  AREAS OF TWO, THREE OR FOUR INCHES OF MOISTURE IN CENTRAL AND  NORTHERN CALIFORNIA. SAME THING IN PARTS OF WESTERN OREGON. TAKE A  LOOK AT THE JET STREAM AS WE HEAD INTO THIS WEEK. WE HAVE A COUPLE OF  STORM SYSTEMS CUT OFF FROM THE SOUTHWEST. IT'S GOING TO TAKE A LITTLE  WHILE TO COME EASTWARD. YOU CAN SEE AS WE HEAD THROUGH THE WEEK  THEN, THINGS ARE MOVING TO THE  NORTHEAST BUT WE STILL HAVE THIS CUT- OFF DOWN THERE. WHEN YOU HAVE A WEST TO EAST FLOW LIKE THIS, YOU'RE  GOING TO FLOOD THE LOWER 48 WITH PACIFIC AIR AND THAT'S GOING TO KEEP  THINGS ON THE MILD SIDE. THEN, WE START TO SEE CHANGES. WE'LL BEGIN TO  SEE A TROUGH OUT WEST AS WE BEGIN THE END OF THE WEEK AND THROUGH  THIS WEEKEND. THAT WILL COME EAST A LITTLE BIT. BUT ALL IN ALL, THE ARCTIC  AIR IS GOING TO FLOOD WESTERN CANADA AND I THINK MIDDLE AND LATER  PARTS OF NEXT WEEK WILL DEVELOP WEST AND SHIFT EASTWARD AND  EVERYONE WILL START TO TURN COLD AGAIN. THAT'S SOMETHING I SUPPOSE WE  CAN LOOK FORWARD TO. IN THE MEANTIME, WE HAVE ABOVE NORMAL  TEMPERATURES FOR MOST PEOPLE EAST OF THE CONTINENTIAL DIVIDE AND  BELOW NORMAL FOR THE SOUTHWEST AND THE WEST COAST. A LOT OF THAT IS  BECAUSE OF THE ABOVE NORMAL MOISTURE I EXPECT THERE. WHEN YOU GET A  LOT OF MOISTURE OUT THERE, YOU DO TEND TO BE ON THE COOL SIDE. BELOW  NORMAL FOR THE FAR NORTHERN PLAINS INTO CENTRAL CANADA AND A HUGE  AREA OF ABOVE NORMAL WITH A VERY WET SYSTEM, A COUPLE OF THEM MOVING  OFF THE NORTHEAST FROM NORTHEAST TEXAS. TAKE A LOOK AT THE 30 DAY  OUTLOOK FOR TEMPERATURES THEN. I'M GOING BELOW NORMAL FOR THE  NORTHERN PLAINS AND NORTHWEST. IT'S GOING TO START OFF VERY WARM IN  THIS AREA FOR THE WEEK AND A HALF AND TURN COLDER. THAT COLD AIR WILL  EVENTUALLY COME EASTWARD AS WELL BUT IT'S GOING TO BE SO WARM FOR SO  LONG IN THE SOUTH AND THE EAST, I THINK IT WILL AVERAGE ABOVE NORMAL  OVER THE NEXT 30 DAYS. PRECIPITATION OVER THE NEXT THIRTY DAYS, IT WILL BE  THAT BATTLE GROUND BETWEEN THE COLD COMING BACK AND THE WARM  TRYING TO HOLD IT'S GROUND. ABOVE NORMAL FOR MUCH OF THE CORN BELT  AND MUCH OF TEXAS THROUGHOUT THE GREAT LAKES AND BELOW NORMAL FOR  THE FAR SOUTHEAST AND ABOVE NORMAL FOR WEST CENTRAL STATES LIKE  NEVADA, CALIFORNIA, AND OREGON. THAT'S A LOOK ACROSS THE COUNTRY. NOW  LET'S TAKE A LOOK AT SOME LOCAL FORECATS. FIRST OF ALL, FOR AUSTIN,  NEVADA, MOSTLY SUNNY AND QUITE COLD TODAY.  THE HIGH TEMPERATURE IS  25. BISMARK, NORTH DAKOTA, A MIX OF SUN AND CLOUDS AND COLD. THE HIGH IS  16. AND CHARLESTOWN, WEST VIRGINIA, MOSTLY CLOUDY AND WARMER. MAYBE  A SHOWER. THE HIGH IS UP TO.. 

TEASE
OUR FRIEND MACHINERY PETE JOINS US NEXT WITH LOOK AT RECENT PRICES OF  NO-TILL DRILLS AHEAD OF SPRING PLANTING. AND LATER, CHARLES DENNY. I'M CHARLES DENNEY. THE HARVEST OF A VERY TALL AGRICULTURAL CROP.  FROM FOREST TO FUEL AND YOU'LL BE AMAZED HOW QUICKLY IT GREW. THAT  STORY NEXT ON AGDAY. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET.

MACHINERY PETE
IF YOU'RE IN THE MARKET FOR A GOOD USED NO-TILL DRILL..MACHINERY PETE IS  HERE TO TELL YOU WHAT TO EXPECT AT AUCTION. GREG. WELL USED FARM EQUIPMENT VALUES WERE UP A LITTLE BIT LEAD IN TWENTY SIXTEEN U I SAW THIS WITH  VERY STRONG AUCTION PRICES ON GOOD CONDITION USED EQUIPMENT AND I ALSO SAW WITH THE BIG  SPIKE IN SEARCH TRAFFIC TO OUT MACHINERY PETE DOT COM WEB SITE FACT IF WE TALK DRILLS IN THE  FOURTH QUARTER AN INCREASE OF SIXTY FOUR POINT ONE PERCENT MORE SEARCHES NOW OVER THE YEARS  I'VE BEEN VERY INTERESTED IN NO TILL DRILLS ON THE PRICES ON THE DIFFERENT SIZES SO LET 'S TALK JOHN  DEERE 1590 HERE'S A PICTURE OF A TEN FOOTER THAT SOLD FOR EIGHTEEN THOUSAND BUCKS ON A FARM  AUCTION DECEMBER SEVENTEENTH IN SOUTHERN OHIO. I THINK THAT WAS A PRETTY GOOD BUY IF WE GO  A LITTLE BIGGER A FIFTEEN FOOT MODELS HERE'S A PICTURE OF TWENTY ELEVEN THAT SOLD ON A FARM  AUCTION IN NORTHEAST MISSOURI NOVEMBER TWENTY SECOND AND IT WENT FOR THIRTY ONE THOUSAND  FIVE HUNDRED AND WE CALL UP TO TWENTY FOOTERS WELL HERE'S A PICTURE OF A TWENTY THIRTY MODEL  SOLD ON A FARM AUCTION IN CENTRAL KANSAS ON DECEMBER FIFTH AND IT WENT FOR FORTY THREE  THOUSAND DOLLARS NOW FOLKS IF YOU'RE LOOKING FOR A GOOD USED DRILL CHECK OUT MACHINERY. PETE DOT COM NINE HUNDRED SIXTY SIX. THERE WAITING FOR YOU TO SHOP AND IF YOU WANT THAT 1590 WELL  AGAIN ONE HUNDRED SIXTEEN OF THOSE TO HOP IN AND HAVE AT IT  THANKS GREG.

TEASE
UP NEXT TURNING TREES TO FUEL. WE'LL BE RIGHT BACK. THE NEXT GENERATION OF HEAVY DUTY ENGINE OILS ARE HERE.  INTRODUCING DELO 400 WITH ISOSYN ADVANCED TECHNOLOGY.  THE NEW DELO 400 PRODUCT LINE IS BIGGER AND BETTER THAN  EVER.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT  TRACTORS - AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY.   LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER.  WE DON'T OFTEN THINK OF TREES AS A TIMELY FEEDSTOCK FOR RENEWABLE  FUELS. AFTERALL THEY TAKE YEARS TO GROW TO HARVEST SIZE. HOWEVER,  RESEARCHERS AT THE UNIVERSITY OF TENNESSEE MAY BE ONTO SOMETHING. IN  THIS REPORT PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE, CHARLES  DENNEY REPORTS ON A QUICK-GROWING FOREST THAT COULD BE PART OF THE  AGRICULTURAL LANDSCAPE. A CROP THAT TOOK FIVE YEARS TO GROW COMES DOWN IN MINUTES, COURTESY OF THIS POWERFUL  MACHINE.  BUT IN THIS HARVEST THE PLANTS ARE TALLER THAN YOUR USUAL AGRICULTURAL PRODUCT - 40  FEET IN SOME INSTANCES.  A TEN ACRE STAND OF HYBRID POPLAR TREES, PLANTED IN 2011, IS CUT AND  MADE INTO CHIPS. CALL IT SHORT ROTATION FORESTRY. (DR. TIM RIALS)  IT'S IMPORTANT FOR US TO HAVE REALLY A PORTFOLIO OF CROPS OF THIS CELLULOSIC  BIOMASS."  DR. TIM RIALS IS DIRECTOR OF UT'S CENTER FOR RENEWABLE CARBON.  THE CRC'S  MISSION IS TO DEVELOP NEW PROCESSES THAT CONVERT WOOD AND CROPS INTO FUELS, CHEMICALS AND  OTHER MATERIALS. THIS POPLAR FOREST OFFERS A GLIMPSE OF THE FUTURE, AND A POSSIBILITY FOR  TENNESSEE LANDOWNERS.  JUST ONE ACRE OF THESE TREES COULD PRODUCE SIX TO SEVEN TONS PER  YEAR OF WOODY BIOMASS PRODUCTS.  -(DR. TIM RIALS)   "ONE OF THE APPEALS OF POPLAR IN WOODY CROPS IS MAYBE A FLEXIBILITY ASPECT  TO IT. SO CERTAINLY THEY COULD BE DIRECTED OR REDIRECTED TO PULP OR PAPER OR OTHER KINDS OF  PRODUCTS WITH SIMPLE CHANGES IN SPACING AND OTHER MANAGEMENT PRACTICES." "THIS HARVEST IS PART OF A FIVE YEAR, 15 MILLION DOLLAR RESEARCH EFFORT FUNDED BY THE USDA.  NUMEROUS PARTNERS ARE INVOLVED WITH UT'S INSTITUTE OF AGRICULTURE. AMONG THEM, GENERA  ENERGY, WITH A FACILITY IN VONORE. THAT'S WHERE THE BIOMASS FROM THE HARVESTED TREES WILL GO." RESEARCHERS COLLECTED YIELD DATA HERE, AND NOW SAMPLES FROM THE HARVESTED POPLARS WILL BE  FURTHER ANALYZED IN CRC AND GENERA LABS TO GAUGE THE CROP'S USEFULNESS FOR INDUSTRY.   LEADERS OF THIS PROJECT SAY THERE'S A NEED TO FIND MULTIPLE SOURCES OF BIOMASS THAT WE CAN  GROW IN TENNESSEE, AND THE REGION.   DR. SAM JACKSON)  "WHEN WE STARTED, EVERYTHING WAS FOCUSED PRETTY MUCH ON BIOFUELS, AND THAT'S STILL THE CASE  TODAY. BUT WE'VE ALSO SEEN A LOT OF GROWTH IN BIO-POWER AND BIO-PRODUCTS AND THOSE TYPES OF  THINGS AS WELL. AND SO UNDERSTANDING THE SUPPLY CHAIN OF A VARIETY OF CROPS, A VARIETY OF  SOURCES OF BIOMASS IS VERY IMPORTANT." THE DAY IS LIKELY COMING WHEN TENNESSEE FARMERS  AND LANDOWNERS WILL HELP GROW OUR FUEL, OUR POWER, OUR ENERGY.  THE GOAL IS TO HAVE A BIO- BASED ECONOMY INSTEAD OF ONE DEPENDENT ON PETROLEUM.  AND IT'S EVEN BETTER IF WE CAN GROW  THAT SUPPLY IN JUST A FEW YEARS.  THIS IS CHARLES DENNEY REPORTING.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.

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