AgDay Daily Recap -July 19, 2016

July 19, 2016 02:57 AM
 

TODAY ON AGDAY
JULY 19, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -SUMMER SIZZLE ON THE NATION'S CORN CROP. WE'LL HAVE THE LATEST CROP CONDITIONS. IN AGRIBUSINESS....ARE THE BULLS READY TO MAKE A RUN? AND SO MUCH OF IT DEPENDS ON THE WEATHER FOR THE NEXT TWO WEEKS OR SO WHICH IS A LITTLE UNFORTUNATE BECAUSE IT'S UNPREDICTABLE. FROM THE DAIRY -GET BETTER OR GET OUT, SAYS THIS KENTUCKY PRODUCER. I'M MICHELLE ROOK. WHAT DOES THE FUTURE HOLD FOR UTILIZATION OF SOY IN THE AQUACULTURE INDUSTRY? I'LL HAVE THE DETAILS HERE FROM WASHINGTON STATE TODAY ON AGDAY.
2ND DAY OF REPUBLICAN NATIONAL CONVENTION:
GOOD MORNING I'M TYNE MORGAN. CLINTON JOINS US FROM THE AGRIBUSINESS DESK LATER IN THE SHOW. TODAY MARKS THE SECOND DAY OF THE REPUBLICAN NATIONAL CONVENTION IN CLEVELAND, OHIO. IT'S EXPECTED DONALD TRUMP AND INDIANA GOVERNOR MIKE PENCE WILL CLINCH THE G-O-P NOMINEE, BUT IT'S UNCLEAR IF THE DUO WILL REMAIN AT ODDS ON KEY TOPICS LIKE IMMIGRATION AND TRADE. "I SAID YES IN A HEARTBEAT TO RUN WITH THIS MAN. IT'S BECAUSE HE EMBODIES AMERICAN STRENGTH." PENCE WILL TAKE CENTER STAGE TONIGHT DURING PRIME TIME TO ADDRESS THE DELEGATES. OTHER SPEAKERS INCLUDE FORMER TEXAS GOVERNOR RICK PERRY -WHO GREW-UP ON A COTTON FARM. AND CURRENT IOWA SENATOR JONI ERNST.  YET TO BE ADDRESSED BETWEEN TRUMP AND PENCE -THEIR OPPOSING VIEWS ON FREE TRADE AGREEMENTS. TRUMP AND PENCE'S TRADE AGENDA REMAINS UNCLEAR, BUT FOR SOME IN AGRICULTURE, IT'S A MUST. THE NATIONAL CATTLEMEN'S BEEF ASSOCIATION IS COMING OFF THEIR OWN POLICY MEETING, SETTING THE PRIORITIES FOR THE YEAR. NCBA SAYS THE TOP ISSUE THIS YEAR IS INTERNATIONAL TRADE, INCLUDING THE SWIFT PASSAGE OF TRANS PACIFIC PARNERSHIP. 
TRADE TALKS TO BEGIN BETWEEN UK AND AUSTRALIA:
ON SUNDAY, THE AUSTRIALIAN PRIME MINISTER TOLD UK'S NEW PRIME MINISTER THERESA MAY, THAT HE'S EAGER TO SEE THE TWO COUNTRIES START TRADE TALKS, WORKING TO STRIKE A DEAL AS SOON AS POSSIBLE. MAY SAYS ONE WAY THE GOVERNMENT WILL MAKE SUCCESS OF BREXIT IS STRIKING TRADE DEALS WITH KEY PARTNERS ACROSS THE GLOBE.
EXTREME HEAT GRIPS THE U-S:
EXTREME HEAT IS BLANKETING THE U-S THIS WEEK. TEMPERATURES TOPPING 100 DEGREES ARE EXPECTED FROM AS FAR SOUTH AS TEXAS AND LOUISIANA, UP TO IOWA AND SOUTH DAKOTA. AND THE NORTHERN PLAINS COULD SEE TEMPS CLOSE TO 110. THE HEAT WILL PUT FURTHER STRESS ON FARMERS IN AREAS THAT COULD ALREADY USE A DRINK. BUT FOR FARMERS IN IOWA, THEY ESCAPED KEY POLLINATION TIME WITHOUT ANY TRIPLE DEGREE DAYS. BAUR SAYS THEY RECEIVED LESS THAN AN INCH OF A RAIN IN JUNE, WHICH DID STRESS THE CROP AND COULD TAKE SOME TOP END YIELD OFF THE FINAL NUMBER THEY HARVEST THIS FALL. WHILE THAT HIGH HEAT COULD BAKE CROPS IN THE FIELD, THE LATEST CROP PROGRESS REPORT SHOWS MUCH OF THE WESTERN CORN CROP IS ALREADY TASSLING. 67-PERCENT OF IOWA CORN IS SILKING. THAT'S A 25-POINT LEAD OVER AVERAGE. NATIONALLY, 56-PERCENT IS AT THAT STAGE, TEN POINTS ABOVE AVERAGE. CONDITION RATING REMAINS AT 76-PERCENT GOOD TO EXCELLENT, BUT IT'S A POINT HIGHER INTO THE EXCELLENT CATEGORY.
SOYBEAN UPDATE:
NOW TO SOYBEANS -59-PERCENT IS BLOOMING AND 18-PERCENT SETTING PODS....BOTH AHEAD OF AVERAGE. CONDITION IS UNCHANGED WITH 71-PERCENT GOOD TO EXCELLENT. WINTER WHEAT HARVEST NOW STARTS TO FOCUS ON THE NORTHERN TIER. IT'S FIVE PERCENT IN IDAHO, AND TWO PERCENT IN MONTANA.
AQUACULTURE RESEARCH:
AQUACULTURE PRODUCTION IS ONE OF THE FASTEST GROWING INDUSTRIES IN THE WORLD. ONE LIMITING FACTOR IS FEED... DUE TO DECLINING SUPPLIES OF FISH MEAL. THIS HAS THE INDUSTRY LOOKING AT PLANT PROTEINS LIKE SOY AS A REPLACEMENT. AGDAY'S MICHELLE ROOK RECENTLY TOURED A RESEARCH FACILITY IN WASHINGTON STATE WITH SOYBEAN FARMERS FROM SOUTH DAKOTA. THEY LEARNED ABOUT THE MARKET POTENTIAL FOR THEIR CROPS.  MICHELLE STANDUP – ABERNATHY FISH TECHNOLOGY CENTER HERE IN LONGVIEW, WASHINGTON IS LOOKING FOR NEW PROTEIN SOURCES FOR FISH DIETS, INCLUDING SOY. 8 SEC REGIONAL FISH NUTRITIONIST ANN GANNAM TOLD SOUTH DAKOTA FARMERS THAT'S BECAUSE THE AQUACULTURE INDUSTRY IS FACING A SHORTFALL OF TRADITIONAL FEED.   ANN GANNAM, REGIONAL FISH NUTRITIONIST, ABERNATHY FISH TECHNOLOGY CENTER, "WE'RE HAVING TO LOOK AT NEW PROTEIN SOURCES BECAUSE THE FISH MEAL IS GETTING HARDER TO FIND, GOOD QUALITY FISH MEAL." "AND ITS QUITE EXPENSIVE, THE PRICE HAS REALLY GONE UP IN THE LAST 10 YEARS. SO THEY NEED SOME ALTERNATIVE." 
CROP COMMENTS:
GOOD MORNING TYNE. WE'RE STARTING IN EAST CENTRAL ILLINOIS. A FARMER FROM COLES COUNTY POSTED ON AGWEB THAT IT'S STILL DRY IN HIS PART OF THE STATE. HE SAYS SOYBEANS ON LIGHTER SOILS ARE TURNING A LITTLE YELLOW IN AREAS. MEANWHILE IN DODGE COUNTY, MINNESOTA -JUST WEST OF ROCHESTER -THE CROPS HERE LOOK AS GOOD AS THEY HAVE IN MANY YEARS. WE'VE GOT JUST THE RIGHT AMOUNT OF RAIN SO FAR. "NASS" AGREES WITH THAT ASSESSMENT. CORN AND SUGARBEET CROPS ARE IN THE 80'S FOR GOOD AND EXCELLENT CONDITION. NOW TAKING A LOOK AT THE WEATEHR MAP YOU CAN SEE WE HAVE A LOT OF HOT AIR IN THE SOUTHERN PLAIN STATES THAT WARM FRONT IS GOING TO BE PULLING NORTHWARD AS WELL HIGH PRESSURE IN THE GREAT LAKES MOVING EAST WE'LL HAVE YOUR FORECAST COMING UP BUT FIRST HERE ARE SOME HOMETOWN TEMPS
TEASE:
STILL TO COME, IN THE MARKET BATTLE OF THE BULLS VERSUS THE BEARS, IT'S THE BEARS WINNING OUT THIS PAST MONTH. BUT COULD A TRIUMPHANT RETURN OF THE BULLS BE IN STORE? THAT'S OUR ANALYSIS. AND DAIRY CONSOLIDATION IS WEIGING ON ONE SOUTHERN STATE. WE TAKE YOU TO ONE KENTUCKY DAIRY WHO'S GOING ALL IN TO KEEP THIS FAMILY FARM ALIVE. AND VISIT A GARDEN WHERE PETUNIAS AND PIANOS ARE IN-SYNC...AND, IN THE COUNTRY.
AGRIBUSINESS:
WE'VE SEEN SOME VOLATILE MARKETS THE PAST MONTH, BUT LATELY, IT'S THE BEARS WINNING OUT. SO, WHEN COULD THE BULLS TAKE OVER? THAT'S WHAT CLINTON DISCUSSES WITH MIKE FLOREZ IN THIS MORNING ANALYSIS. HERE AT THE AGRIBUSINESS DESK HAVE MIKE FLOREZ OF FLOREZ TRADING MIKE LET'S TALK ABOUT THE CURRENT GRAIN MARKETS IN THE SITUATION OR IN WHAT YOU WATCHING ON THE CHARTS WELL REALLY THE WEATHER IS THE MOST IMPORTANT THING RIGHT NOW AND YOU CAN PICK YOUR CHART POINTS ON WHERE YOU MAYBE WANT TO ATTEMPTED TO ENTER SOMETHING BUT RIGHT NOW PERSONALLY I'M LONG CALLS ON SOYBEANS AND WHAT THE EXPOSURE ON THE NEAR TERM BECAUSE THE WEATHER OUT THERE AND IF I'M WRONG ON LONG CALLS THAT I HAVE A FINITE RISK IF I'M RIGHT I CAN DO YOU KNOW A LOT BETTER I MAY BE WRONG SUNDAY NIGHT WHEN WE COME IN HERE AND SEE WHAT HAPPENING BUT I WANT TO HAVE LONG EXPOSURE TO THE MARKET SO YOU THINK THIS WARM POTENTIAL THAT WE HAVE OVER THE NEXT FEW WEEKS AND MAY BE POTENTIAL THROUGH AUGUST IT COULD BE A BIG DRIVER?
NATIONAL WEATHER:
WELCOME BACK HERE NOW WITH MY MIKE HOFFMAN YEAH AND WE WE NEED TO GET SOME OUT OTHERS WANT FRONT ROW TO REACH NORTHWARD MOVING SOUTHEASTA LONG SOME OF THESE FRONTS NOW THIS WARM FRONT GOING TO START LIFTING NORTHWARD THAT WILL BE THE FOCUS FOR SOME AREAS OF SHOWERS AND THUNDERSTORMS. OUR COMPUTER MODEL IS SHOWING A ANOTHER BATCH OF THUNDERSTORMS ACROSS PARTS OF IOWA THAT COULD EXTEND FARTHER NORTH AND SOUTH AS WELL. AS WE HEAD THROUGH THE AFTERNOON HOURS TOMORROW HIT MISS ACTIVITY GETTING A LITTLE MORE PRONOUNCED AS WE HEAD THROUGH THIS WEEK IN THE DESERT SOUTHWEST CENTER OF LOW PRESSURE A LITTLE BIT MORE IMPRESSIVE THAN TYPICAL HEADING THROUGH TONIGHT THEN UNFORTUNATELY LOOKS LIKE THIS WARM FRONT DOESN'T HAVE A BUNCH OF MOISTURE WITH THAT "TO REALLY ADD TO THOSE A COMPLEXES OF THUNDERSTORMS BUT BOY IS THIS GOING TO BE HOT HUMID AIR FOR A FEW DAYS ALL THE WAY INTO THE NORTHERN PLAINS AND EVENTUALLY FARTHER EAST.
REGIONAL WEATHER:
 THAT'S A LOOK ACROSS THE COUNTRY NOW A SINGLE EGG AND SOME LOCAL FORECASTS WE HEAD TO WYOMING FIRST OF ALL HOT WITH A MIX OF SUN AND CLOUDS .
TEASE:
LATER, WE VISIT A GARDEN WHERE PIANOS ARE DRAGGED OUT INTO THE ELEMENTS...WITH SOME PRETTY AMAZING RESULTS. BUT FIRST, IN THIS DAY OF DAIRY CONSOLIDATION, MEET A DAIRY PRODUCER FROM KENTUCKY WHO NOT ONLY WANTS TO GET BIGGER....BUT HE WANTS TO GET BETTER. THIS IS MACHINERY PETE INVITNG YOU TO CHECK OUT MY NEW WEBSITEMACHINERYPETE. COM -OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.
DAIRY FARMS DISAPPEARING:
DAIRY FARMS IN SOME KENTUCKY COUNTIES ARE DISAPPEARING. STATEWIDE THERE ARE FEWER THAN 700 DAIRY FARMS...AND THEY AVERAGE ONLY A COUPLE OF DOZEN HEAD.  IN A WESTERN KENTUCKY COUNTY, THERE IS ONLY ONE. THE MATHIS DAIRY FARM IN MUHLENBERG COUNTY IS THE LONE SURVIVOR. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF KENTUCKY, JEFF FRANKLIN SAYS THE OWNER REACHED A POINT TO EITHER GO "ALL-IN" OR GET-OUT, IT IS MILKING TIME AT THE MATHIS DAIRY FARM IN MUHLENBERG COUNTY FOR OWNER WADE MATHIS, HIS SON WILL, AND THEIR SIXTY-HEAD OF HOLSTEIN DAIRY COWS. WILL, WHO GRADUATED HIGH SCHOOL LAST YEAR, WANTS TO STAY ON THE FARM AND RUN THE DAIRY ONE DAY. HE IS THE FOURTH GENERATION IN THE MATHIS FAMILY TO BE ON THE FARM. THE DAIRY WAS STARTED SIXTY-SIX YEARS AGO BY WILL'S GREAT-GRANDFATHER AND HE AND HIS DAD WADE RUN THE FARM TODAY. AFTER A TRIP ON THE KENTUCKIANA DAIRY EXCHANGE ABOUT FIVE YEARS AGO, THE MATHIS REALIZED IT WAS TIME FOR A CHANGE. FROM THE UNIVERSITY OF KENTUCKY COLLEGE OF AGRICULTURE FOOD AND ENVIRONMENT I'M JEFF FRANKLIN REPORTING.
IN THE COUNTRY:
A CALIFORNIA BOTANICAL GARDEN TURNED THEIR FLORAL SANCTUARY INTO A MUSICAL VENUE....AT LEAST TEMPORARILY. THE SAN FRANCISCO BOTANICAL GARDEN PLACED TWELVE PIANOS IN SCENIC, OUTDOOR SETTINGS FOR A PUBLIC MUSIC PROJECT CALLED "FLOWER PIANO". PROFESSIONAL PIANISTS PUT ON IMPROMPTU PERFORMANCES THROUGHOUT THE 55 ACRE PARK FOR SURPRISED NATURE LOVERS. BUT ORGANIZERS SAY THE HEART OF FLOWER PIANO ARE THE HUNDREDS OF NOVICES WHO SHOW UP, OFTEN WITH SHEET MUSIC IN HAND, TO JUST PLAY FOR THE SHEER DELIGHT OF IT.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CLINTON GRIFFITHS AND MIKE HOFFMAN, I'M TYNE MORGAN. HAVE A GREAT DAY.
PROMO:
I'M TYNE MORGAN. WEDNESDAY ON AGDAY - SEE HOW THE FRESH PRODUCE SECTOR IS RESPONDING TO CHANGING CONSUMER DEMAND. PLUS WE'LL LOOK AT THE LIVESTOCK MARKETS WITH CRAIG VAN DYKE. WATCH US WEEKDAYS RIGHT HERE ON AGDAY.

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close