AgDay Daily Recap -January 26, 2015

January 26, 2015 02:57 AM
 

TODAY ON AGDAY
JANUARY 26, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY A NEW CHAIRMAN IS IN CHARGE, WHAT ISSUES WILL TAKE PRIORITY IN THE HOUSE AG COMMITTEE? THE GOVERNMENT GIVES THE GREEN LIGHT FOR CROP PROTECTION THAT COULD BE SAFER FOR BEES. IN AGRIBUSINESS...HOW WILL THE HOG MARKET FARE IN 2015. THE MARKETS BASICALLY TELLING YOU GUYS WE'RE EXPANDING TO QUICKLY HERE AND IS THIS THE FUTURE OF CONSTRUCTION. A 3-D PRINTED HOUSE OR BARN MAY BE COMING TO YOUR PROPERTY SOMEDAY. THAT STORY  TODAY ON IN THE COUNTRY…AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
WASHINGTON UPDATE:
 GOOD MORNING I'M CLINTON GRIFFITHS. THE CAMPAIGNS ARE DONE. THE SPEACHES ARE OVER. AND WORK IN WASHINGTON IS SET TO BEGIN...AND THAT'S OUR TOP STORY ON AGDAY.
CATTLE ON FEED:
IT WAS A BEARISH DAY FOR CATTLE MARKETS FRIDAY AHEAD OF USDA LATEST CATTLE ON FEED REPORT.
Q4 MILK PRODUCTION:
USDA'S LATEST MILK PRODUCTION NUMBERS ARE OUT FOR THE FOURTH QUARTER. U.S. DAIRY MILKED NEARLY 51 BILLION POUNDS--UP MORE THAN 3 PERCENT FROM THE PREVIOUS YEAR. COW NUMBERS WERE UP BY 83-THOUSAND HEAD. STATES IN THE CENTRAL U.S. REALLY PUSHING THOSE PRODUCTION NUMBER HIGHER…TEXAS, MILK ROSE NEARLY 10 PERCENT, IT WAS MORE THAN EIGHT PERCENT HIGHER IN UTAH. MICHIGAN, COLORADO KANSAS AND SOUTH DAKOTA ALSO SEEING STRONG YEAR OVER YEAR INCREASES…
HSUS LAWSUIT:
THE HUMANE SOCIETY OF THE U.S. IS FIGHTING BACK AGAINST AN OKLAHOMA ATTORNEY GENERAL FOLLOWING HIS INVESTIGATION INTO HSUS FUNDRASING.
CROP WATCH:
A WINTER STORM BARRELED ACROSS THE SOUTH AND BROUGHT LOTS OF RAIN FOR SOME, AND SNOW FOR OTHERS…MIKE HOFFMAN JOINS US WITH CROPWATCH.
TEASE:
DIESEL PRICES ARE STARTING TO COME DOWN...WHICH PROBABLY MAKES FOLKS LIKE MACHINERY PETE SMILE. HE JOINS US NEXT WITH A LOOK AT USED EQUIPMENT TRENDS.
DEERE LAYOFFS:
ANOTHER ROUND OF LAYOFFS IS ON THE WAY ACCORDING TO DEERE AND COMPANY.
THE MANUFACTURING GIANT SAYS IT'S LETTING 565 WORKERS GO AT LOCATIONS IN WATERLOO AND ANOTHER 300 AT A PLANT IN ANKENY.THE COMPANY SAYS THE DECISION REFLECTS ECONOMIC FORECASTS AND DEMAND FOR PRODUCTS IN THE YEAR AHEAD. DEERE AND COMPANY PREVIOUSLY ANNOUNCED ANOTHER 600 LAYOFFS LATE LAST YEAR.
ANALYSIS INTRO:
PLENTY MORE AHEAD ON AGDAY INCLUDING OUR DAILY STOP AT THE CHICAGO BOARD OF TRADE. PLUS CHIP FLORY WILL BE ALONG TO DISCUSS HOG MARKETS IN 2015.THE GOVERNMENT GIVES THE GREEN LIGHT FOR A NEW INSECTICIDE THAT LOOKS BE SAFER TOWARDS POLLINATORS.
WX:
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. HIS MAPS ARE FULLY INFLATED THIS MORNING. WELL, WE'RE LOOKING AT COLDER AIR COMING INTO THE EAST AND IF YOU THINK WINTER IS ABOUT OVER, FORGETTING IT. IT'S COMING BACK AS WE HEAD INTO FEBRUARY. WE'LL SHOW THAT SOON. AS FAR AS THE JET STREAM IS CONCERNED, THIS IS WHAT THE JET STREAM LOOKS LIKE TODAY. AS WE PUT IT INTO MOTION, YOU'LL NOTICE THE TROUGH DIGS INTO AWHILE. THEN WE HAVE A ONE-DAY WARM-UP AGAIN ACROSS THE OHIO VALLEY. LOOK AT THE TROUGH THAT DIGS IN AS WE HEAD INTO THE END OF THE WEEK THROUGH SATURDAY AND SUNDAY OF NEXT WEEKEND AND INTO THE FOLLOWING WEEK. THIS IS A MASSIVE SHOT OF ARTIC AIR AGAIN. GET READY FOR THE COLD STUFF EAST OF THE CONTINENTAL DIVIDE. THAT WILL BE COMING LATE THIS WEEK, INTO THE FOLLOWING WEEKEND AND INTO NEXT WEEK. THAT'S SOMETHING WE WILL BE WATCHING. IF YOU NOTICED, THERE WAS A CUT-OFF LOW OVER THE SOUTHWEST. THAT KIND OF IS PUMPING UP SOME MOISTURE INTO PARTS OF THE SOUTHWEST WHICH WE WILL SHOW YOU AS WELL. LET'S CHECK OUT TEMPERATURES FOR THIS WEEK. YOU CAN SEE BELOW NORMAL TEMPERATURES EXPECTED FOR ABOUT THE EASTERN HALF OF THE COUNTRY. AGAIN, RIGHT THROUGH THE CENTRAL PLAINS WE ARE GOING TO GO BACK AND FOURTH. WE'LL CALL YOU NEAR-NORMAL AT THIS POINT. MOST OF THE EASTERN SEABOARD IS BELOW NORMAL AND THE COLDEST WILL BE IN THE NORTHEASTERN PARTS OF THE COUNTRY. IT'S ABOVE NORMAL FROM WESTERN KANSAS, ALL THE WAY TO THE PACIFIC OCEAN. AS FAR AS PRECIPITATION FOR THIS COMING WEEK, I'M GOING TO GO NEAR NORMAL YOU CAN SEE FOR THE NORTHERN AND EASTERN PLAINS STATES, MOST OF THE EAST COAST AND THE OHIO VALLEY. THAT'S BECAUSE WITH THAT TROUGH DIGGING INTO THE EAST LIKE THAT, EVERY LITTLE PIECE OF ENERGY WILL BRING ANOTHER WEAK STORM SYSTEM IN. SO WE'RE NOT TALKING A LOT OF MOISTURE THROUGH HERE. I THINK OF IT VARIES WILL PROBABLY BE NEAR NORMAL. BUT YOU'LL MISS IT IN MOST OF FLORIDA AND MOST OF THE SOUTHERN PLAINS AND SOUTHERN MISSISSIPPI VALLEY AND BACK INTO EASTERN WYOMING. THOSE AREAS ARE PROBABLY BELOW NORMAL. BECAUSE OF THAT CUT-OFF LOW THAT'S OFF THE SOUTHWEST AND THE SECOND ONE FORMS LATER IN THE WEEK, WE'RE GOING TO GO ABOVE NORMAL THEN FOR ARIZONA, WESTERN NEW MEXICO, SOUTHERN PORTIONS OF UTAH AND SOME OF THE SURROUNDING AREAS. A LITTLE BIT OF THAT MOISTURE GETS DRAWN UP IN THOSE AREAS. LET'S CHECK THE THIRTY DAY OUTLOOK THEN AS WE HEAD THROUGH FEBRUARY. IT'S GOING TO BE A COLD MONTH. WE'RE GOING BELOW NORMAL FROM THE CONTINENTAL DIVIDE EASTERN TO THE EASTERN SEABOARD, EXCEPT FOR MOST OF FLORIDA. YOU'LL GET SOME COLD SHOTS, BUT YOU'LL PROBABLY WARM UP IN BETWEEN THOSE. ABOVE NORMAL YOU CAN SEE FROM UTAH TOWARD CALIFORNIA, WASHINGTON AND OREGON. PRECIPITATION OVER THE NEXT THIRTY DAYS, WE'RE GOING TO GO BELOW NORMAL FOR THE FAR NORTHERN PORTIONS OF THE ROCKIES. BECAUSE THAT COLD AIR IS COMING SOUTHWARD, LOTS OF THE STORM TRACK IS GOING TO BE THROUGH THE SOUTHERN STATES. WE ARE GOING ABOVE NORMAL IN THE SOUTHWEST, WHICH WILL BE SOME GOOD NEWS. IT WILL BE ABOVE NORMAL ABOVE THE GULF COAST AND MOST OF THE EASTERN SEABOARD. THIS SITUATION WILL PRODUCE A FAIR AMOUNT OF LAKE EFFECT SNOW AS WELL. A LOT OF THAT IS THE LIGHT FLUFFY STUFF. IT DOESN'T AMOUNT TO A LOT. THAT'S A LOOK ACROSS THE COUNTRY. LET'S TAKE A LOOK AT YOUR LOCAL FORECASTS. FIRST OF ALL, WE WILL GO TO MILES CITY, MONTANA IT'S MOSTLY SUNNY AND MILD TODAY. THE AFTERNOON HIGH IS 51 DEGREES. IN SHREVEPORT LOUISIANA, LOTS OF SUNSHINE AND RATHER WARM. YOUR HIGH IS 65. BUT INTO THE COLD AIR WE GO. CANTON, OHIO IS COLD WITH A SNOW SHOWER OR TWO. THE HIGH IS ONLY 25.
TEASE:
DIESEL PRICES ARE STARTING TO COME DOWN...WHICH PROBABLY MAKES FOLKS LIKE MACHINERY PETE SMILE. HE JOINS US NEXT WITH A LOOK AT USED EQUIPMENT TRENDS.
NEW PESTICIDES:
THE EPA SAYS IT'S REGISTERING A NEW INSECTICIDE--THAT'S SUPPOSED TO BE SAFER FOR BEES.IT'S CONSIDERED AN ALTERNATIVE FOR NEONICITINOIDS AND OTHER INSECTICIDES. SCIENTISTS SAY THEY DID EXTENSIVE TESTING ON BEES AT ALL GROWTH STAGES. THIS NEW INSECTICIDE IS REGISTERED FOR A LARGE NUMBER OF CROPS AND PROTECTS AGAINST PIERCING AND SUCKING INSECTS LIKE APHIDS, WHITEFLIES AND PYSLLIDS.
BP OIL PRICES:
MEANWHILE OIL PRICES CONTINUE TO FALL. THE BOSS OF B-P--BOB DUDLEY SAYS HE THINKS THESE PRICES COULD STAY THIS WAY FOR UP TO 3 YEARS. HE DOES EXPECT JOB LOSSES AND INVESTIMENTS TO BEGIN DROPPING OFF.
DIESEL PRICES:
ON THE FLIP SIDE, RETAIL DIESEL PRICES ARE FALLING--FINALLY. THE NATIONAL AVERAGE PRICE FALLING 12 CENTS LAST WEEK COMING IN AT 2 DOLLARS 93 CENTS…
MACH PETE:
IT'S MONDAY SO YOU KNOW MACHINERY PETE IS HERE. HE WAS AT A RETIREMENT AUCTION LAST WEEK IN MISSOURI. AND HE SAYS SOME THE PRICES WERE EYE-POPPERS IN THE "SHOW-ME' STATE.
ITC 3D PRINTING BUILDING:
I KNOW WE'RE AN AGRICULTURAL SHOW...BUT MOST FARMERS AND RANCHERS ARE PRETTY GOOD ENGINEERS TOO. WELDER'S, FENCE BUILDERS, MECHANICS YOU NAME IT...THERE'S ALWAYS SOMETHING TO WORK ON. THAT'S WHY I THOUGHT YOU'D ENJOY A GLIMPSE AT THE FUTURE OF CONSTRUCTION.A SHANGHAI-BASED COMPANY IS DAZZLING PEOPLE WITH ITS 3D PRINTED HOMES..THOUSANDS OF SQUARE FEET THAT TAKE ONLY DAYS TO PRODUCE…MAGGIE MAZZETTI, REPORTS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

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