AgDay Daily Recap -July 20, 2017

July 20, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 20, 2017


HEADLINES
COTTON COUNTRY LOBBIES USDA FOR LONG TERM GINNING SUPPORT. WILDFIRES RAGE OUT WEST...AND TO THE NORTH. IN AGRIBUSINESS...LOOKING AT CORN MARKETS MID SEASON. THERE'S LITTLE REACTION FROM U.S. TRADING PARTNERS OVER A NEW CASE OF  BSE IN ALABAMA. AND FROM THE STATE HOUSE TO A STOCK CAR. THIS GOVERNOR FINDS A WAY TO  RELAX  OUT ON THE TRACK. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

COTTON LOBBIES FOR GINNING SUPPORT
GOOD MORNING I'M CLINTON GRIFFITHS. MANY COTTON GROWERS ARE HOPING  AN ECONOMIC INCENTIVE PUT IN PLACE UNDER THE OBAMA ADMINSTRATION  WILL GET NEW LIFE IN THE TRUMP ADMINISTRATION. A GROUP OF 135 SENATORS AND REPRESENTATIVES - FROM BOTH PARTIES - SENT LETTERS TO PRESIDENT TRUMP URGING THE ADMINISTRATION'S SUPPORT  FOR THE COTTON GINNING SHARE PROGRAM IN AN ON-GOING BASIS. THE USDA PROGRAMS HELP COTTON GROWERS WITH THEIR ANTICIPATED COSTS  TO GIN THEIR COTTON. FORMER AG SECRETARY TOM VILSACK INITIATED THE PROGRAM WHEN COTTON  PLANTED ACRES WERE AT A 30-YEAR LOW. AND PRICES WERE APPROACHING 50- CENTS A POUND. THE LETTER SAYS THE SHARE PROGRAM WILL HELP BRIDGE THE GAP UNTIL A  NEW FARM BILL IS ADOPTED BY CONGRESS. "NO, NOT IN TEH CURRENT ENVIRONMENT. AND I THINK WE LOOK AT , ONE OF HTE THINGS WE'VE LOOKED  AT IS JUST FROM 2014 UNTIL TODAY, WHERE THE MARKET RETURNS PLUS ANY GOVERNMENT PAYMENTS,  HOW THEY COMPARE TO TOTAL COST OF PRODUCTION, THEY GENERALLY BE COVERING VARIABLE COST OF  PORDUCTION, BUT THEY'VE FALLEN SHORT OF TOTAL COST OF PRODUCTION, AND UNFORTUNATELY THAT JUST  MEANS GROWERS HAVE EITHER HAD TO REDUCE HTE EQUITY, CUT INTO THEIR EQUITY, OR IN MANY CASES,  THEY'VE NOT BEEN ABLE TO GET THE FINANCING THAT THEY NEEDED TO CONTINUE THEIR CROP. SO I HTINK THAT'S WHY WE WANT TO SEE AN IMPROVEMENT IN THAT SAFETY NET AS WE GO FOWARD." LOOKING AT CONDITION RATINGS - OVERALL 60-PERCENT IS IN THE COMBINED  "GOOD TO EXCELLENT" CATEGORIES. DOWN A POINT FROM LAST WEEK.  TEXAS  GROWERS SEEING A TWO POINT DROP WITH 49-PERCENT GOOD TO EXCELLENT.  BUT SEVERAL STATES - INCLUDING LOUISIANA, MISSISSIPPI, OKLAHOMA AND  VIRGINIA - ALL ENJOYING BIG IMPROVEMENTS.

CALIFORNIA WILDFIRES
NOW TO THE WEST WHERE FIREFIGHTERS IN TWELVE STATES ARE CURRENTLY  BATTLING LARGER WILDFIRES. THE NATIONAL INTER-AGENCY FIRE CENTER SAYS  AS OF WEDNESDAY THOSE 37 FIRES COVERED NEARLY A HALF MILLION ACRES. NEAR MARIPOSA CALIFORNIA ONE BLAZE HAS SCORCHED ABOUT 25-THOUSAND  ACRES. THE TOWN OF TWO THOUSAND WAS EVACUATED. CALIFORNIA GOVERNOR JERRY BROWN DECLARED AN EMERGENCY, BOLSTERING  THE STATE'S RESOURCES TO BATTLE THE FIRE.  ISAAC SANCHEZ, CAL FIRE PUBLIC INFORMATION OFFICER "WHEN YOU ADD IN THE FACT THAT WE'RE IN THE FOOTHILLS. WHEN YOU ADD IN SLOPES AND GRADES  AND THE TEMPERATURES THAT WE'RE DEALING WITH. THE HUMIDITIES THAT WE'RE DEALING WITH, IT'S A  FULL-ON CHALLENGE."SMOKE FROM THE FIRE IN MARIPOSA COUNTY DRIFTED MORE THAN 150 MILES TO  RENO, NEVADA. ACROSS THE NORTHERN BORDER MORE THAN 375 FIRES HAVE SWEPT ACROSS  BRITISH COLUMBIA, BURNING FORESTS AND FORCING SAWMILLS IN THIS HEAVILY  WOODED PROVINCE TO SHUT DOWN OR EVACUATE. 40,000 RESIDENTS WERE FORCED TO LEAVE THEIR HOMES. THE ENTIRE CITY OF  WILLIAMS LAKE, SIX HOURS NORTHEAST OF VANCOUVER, WAS ORDERED  EVACUATED OVER THE WEEKEND. THE COMMUNITY HAS A POPULATION OF OVER  10-THOUSAND. SO FAR ABOUT 1900-SQUARE MILES HAVE BURNED. FEDERAL PUBLIC SAFETY  MINISTER RALPH GOODALE SAYS THE FIRES WILL WORSEN. RALPH GOODALE, CANADIAN PUBLIC SAFETY MINISTER "YOU WILL SEE THE NUMBERS OF INDIVIDUAL FIRES GOING DOWN. THAT DOES NOT MEAN THAT THE  PROBLEM IS GETTING BETTER. IT MEANS THE SMALLER FIRES ARE MERGING INTO LARGER FIRES AND  BECOMING MORE INTENSE."

CANADA TIMBER SUPPLIES
THE WILDFIRES ACROSS CANADA'S BRITISH COLUMBIA ARE THREATENING  TIMBER SUPPLIES. LUMBER PRICES HAVE SURGED. AND MARKET TRADERS HAVE  TAKEN NOTICE. LUMBER FUTURES REACHED TWO MONTH HIGHS MONDAY ON THE CHICAGO  MERCANTILE EXCHANGE. ACCORDING TO BLOOMBERG NEWS.... LUMBER FUTURES FOR SEPTEMBER  DELIVERY ROSE BY THE 10-DOLLAR TRADING LIMIT TO ABOUT 387-DOLLARS PER  1,000 BOARD FEET. THAT'S THE HIGHEST PRICE FOR A MOST-ACTIVE CONTRACT  SINCE MAY 9.  AND HOMEBUILDERS IN THE U-S MAY FEEL THE HEAT AS THE U-S IS CANADA'S  BIGGEST IMPORT MARKET FOR SOFTWOOD LUMBER. IT'S ABOUT FIVE BILLION DOLLARS ANNUALLY IN VALUE. ANALYSTS SAY SINCE THIS IS THE SEASONAL PEAK IF CONSTRUCTION, A  REDUCTION IN WOOD SUPPLY WILL CREATE PRICING TENSION. MEANWHILE IT'S OFF-SEASON FOR AUSTRALIAN FIREFIGHTERS. SO A GROUP OF  FIFTY ARE HEADED TO CANADA TO HELP BATTLE WILDFIRES IN BRITISH  COLUMBIA. THEY'LL SPEND ABOUT TWO MONTHS IN CANADA TO PROVIDE HELP AND RELIEF  TO LOCAL FIREFIGHTERS. CANADA HAS HELPED AUSTRALIA IN FIREFIGHTING IN PREVIOUS YEARS. ROB ROGERS, NEW SOUTH WALES STATE RURAL FIRE SERVICE DEPUTY COMMISSIONER: " CANADA HAS HELPED AUSTRALIA BEFORE IN FIREFIGHTING, AND THE FIREFIGHTING COMMUNITY AROUND  THE WORLD IS QUITE A TIGHT-KNIT ONE, SO OBVIOUSLY IF WE CAN HELP IN THEIR TIMES OF NEED, WE  WOULD LIKE TO DO SO AND OBVIOUSLY WE'RE HOPING THAT OUR FIREFIGHTERS WILL MAKE A DIFFERENCE."> IT'S BEEN HOT AND DRY ACROSS MANY PARTS OF THE U.S,

CROP COMMENTS
MIKE HOFFMAN JOINS US WITH CROP  COMMENTS. THANKS CLINTON.  LET'S START OFF NEAR HEREFORD, TEXAS. THIS PRODUCER SAYS HE HAS ONE OF THREE FARMS IN THE COUNTY WHICH  GROWS SUNFLOWERS. HE SAYS HE DOESN'T USUALLY PLANT THE CROP UNTIL THE END OF JUNE BUT HE  PLANTED SUNFLOWERS DURING MAY THIS YEAR SINCE HE DIDN'T NEED THE  WHEAT. HE SAYS MOST OF THE FLOWERS ARE IN VERY GOOD CONDITION. THE  AREA COULD USE A RAIN BUT THIS PRODUCER SAYS RAINS DURING THE WINTER  ARE SUSTAINING THE CROPS.  GARY BAHAN SAYS THERE'S A JAPANESE BEETLE PROBLEM IN CENTRAL OHIO.  THE BEETLE IS BEATING UP CROPS IN THE AREA.  ACCORDING TO USDA, 50 PERCEN'T OF OHIO'S SOYBEAN CROP IS RATED GOOD  TO EXCELLENT.  AND NOW HERE ARE YOUR HOMETOWN TEMPS.  THE LOCAL WEATHER CAN HAVE A BIG IMPACT NOT ONLY ON YOUR DAY, BUT ALSO ON YOUR CROPS.  START YOUR DAY OFF RIGHT WITH YOUR LOCAL FORECAST DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT  WEATHER TO 31313 TO GET STARTED!

TEASE
WHEN WE COME BACK WE'LL TALK CORN MARKETS WITH MARK GOLD. AND SEE HOW VERMON'TS CHIEF EXECUTIVE LIKES TO LET-OFF SOME STEAM  AFTER A LONG DAY AT THE STATEHOUSE.

DEERE’S FINANCIAL ARM
IN AGRIBUSINESS...EQUIPMENT MAKER DEERE AND COMPANY IS BUILDING  BUSINESS BEYOND THE FACTORY FLOOR. IT'S FINANCIAL ARM IS NOW THE FIFTH LARGEST AGRICULTURAL LENDER IN THE  COUNTRY. THE COMPANY HAS LONG OFFERED LEASE AND LOAN TERMS ON EQUIPMENT BUT  MORE RECENTLY HAS TURNED TO PROVIDING SHORT-TERM CREDIT FOR  SUPPLIES, SEEDS AND INPUTS. SHORT-TERM CREDIT ACCOUNTS ARE UP NEARLY 40 PERCENT SINCE THE END OF  2015. AS OF EARLY 2017, THE BANK OPERATION OF DEERE FINANCIAL HAD HANDED OUT  ABOUT $2.2 BILLION. 

FLOOR OF THE CME
LETS SEE HOW MONEY MOVED IN MARKETS WEDNESDAY. FOR DETAILS ON THE  CLOSE WE TURN TO THE FLOOR OF THE CME IN CHICAGO. WEDNESDAYS GRAINS WE SEE A HIGHER TRADE AGAIN AND AGAIN HIGHER BUT WEAKENING TRADE. THEY LOOK PRETTY SOLID. I THINK WHEN YOU TAKE A LOOK AT CORN WE'D GET WE'RE WE'RE KIND OF CHURNING AROUND THAT $4 LEVEL. DECEMBER CORN I THINK WE'LL SEE MUCH HIGHER PRICES AS WE GET THROUGH I THINK THERE'S OTHER OUTSIDE REASONS THAT WILL DRIVE THESE PRICES. BUT RIGHT NOW YOU'RE SEEING A CHURN AND WE'VE HAD SOME MOVES ABOVE AND TRY TO SPIKE HIGHER AND DOWN BUT IN THE MEANTIME THIS $4 A KEY LEVEL WE CAN HOLD HERE AND GET BACK ABOVE AND STAY. I THINK WE HAD A CHANCE TO RUN TO 450 OR HIGHER. SO THAT'S WHERE WE'RE LOOKING FOR AND SOYBEANS THAT $10 LEVEL BEGIN AGAIN BECOMES A VERY KEY SPOT HERE. WEDNESDAY IS LIVESTOCK HEALTH. WELL QUITE THE REVERSAL. THERE'S BEEN ALL KINDS OF TALK OVER THE LAST DAY AND A HALF OR SO ABOUT MAD COW AND THIS COW AND THAT COW IN THE MEANTIME. CATTLE SOLD OFF AND IS NOW TURNING AND RAILING AGAIN AND WE'RE SEEING HIGHER PRICES. AND OF COURSE HOGS THEY HAVE A MIND OF THEIR OWN AND THEY'RE UP ONCE AGAIN. THEY FELL BELOW 80 LAST WEEK. NOW THEY'VE COME BACK ABOVE AND ARE THREATENING TO GO A LITTLE BIT HIGHER HERE. THAT'S THE WAY IT LOOKS AND THAT'S WHY I SAY THIS IS TODD HORWITZ FROM BUBBA TRADING.COM COMING TO YOU FROM THE FLOOR OF THE CME GROUP IN CHICAGO.

AGRIBUSINESS
DESPITE RECENT PRICE ACTION CORN MARKETS HAVE BEEN RELATIVELY  SIDEWAYS IN 2017.  TYNE MORGAN HAS MORE IN TODAY'S ANALYSIS. HERE NOW WITH MARK GOLD OF TOP THIRD MARK LET'S LOOK AT THIS CORN MARKET YOU KNOW WE'RE HERE  RIGHT NOW IN ILLINOIS WHERE CONDITIONS ARE EXTREMELY. VARIABLE. DO YOU THINK THERE'S ANY WAY  THAT WE HIT THE YIELD THAT WE SAW LAST YEAR. I DON'T THINK WE'VE GOT A CHANCE OF HITTING LAST  YEARS YIELDS. FIRST OF ALL WE LOST A LOT OF CORN IN MY OPINION IN THE SPRING WHEN WE GOT IT IN LATE  AND THE WET CONDITIONS. ONE PROBLEM AFTER ANOTHER. AND THEN WE PUT THE HEAT ON IT. AND NOW  IT LOOKS LIKE SILKING IS GOING TO COME RIGHT AS WE GET THE WORST HEAT. AND A LOT OF AREAS WE  KNOW ABOUT THE PROBLEMS IN NORTH DAKOTA SOUTH DAKOTA NEBRASKA INDIANA NOT BECAUSE OF  THE HEAT IN INDIANA BUT BECAUSE OF THE FLOODING. AND I DON'T THINK YOU KNOW WE'VE GOT A  NUMBER FROM THE USDA THAT THEY JUST. CAME UP WITH THAT'S. JUST BASICALLY UNCHANGED. AND I  CERTAINLY BELIEVE WERE SIGNIFICANTLY LOWER THAN WHAT THE USDA IS TELLING US. SO THINK EVEN  LOWER THAN TREND LINE YIELDS LOWER THAN TRENDLINE YEILD. AND WHAT IS TRENDLINE YIELD AT THIS  POINT. WELL THAT'S A GOOD QUESTION BUT I THINK. RIGHT NOW I THINK WE'RE WELL UNDER 165 LIKE THE  150. NO NO NO. I THINK IT'S 162 163 BECAUSE KIND OF WHERE I'M AT RIGHT NOW. SO 162 163  BASED ON THAT. HOW WOULD PRICES RESPOND. I BELIEVE A LOT HIGHER. LIKE HOW MUCH HIGHER. WELL I  THINK WE'RE GOING TO BE LOOKING AT 450 470 CORN OUT HERE BUT WE MIGHT NOT KNOW IT FOR A WHILE  SO THE MARKET. EVERY TIME SOMEBODY PUTS IN A WEATHER FORECAST WE'RE GOING TO BREAK THIS  MARKET OVER THE LAST THREE OR FOUR WEEKS. EVERY WET FORECAST HAS BEEN A BUYING OPPORTUNITY  BECAUSE WE FOLLOW IT UP WITH HUNDRED AND DRYER DURING THE WEEK. SO ON THE REPORT DAY WE  HAD A BREAK I THINK MAINLY BECAUSE OF THE WEATHER. HOPEFULLY WE CAN REBOUND REBOUND FROM  THAT. I DON'T SEE ANY REAL CHANGES WHERE WE NEED THE CHANGES WEST OF THE MISSISSIPPI.  WE'RE GETTING MORE RAIN IN ILLINOIS. WE'RE GETTING SOME MORE RAIN IN IOWA BUT IN THE WESTERN  STATES WE HAVE SIGNIFICANT PROBLEMS BUT WE CAN STILL BE TAKING ACTION NOW. ABSOLUTELY. YOU  KNOW WE'RE 15 CENTS AT ONE POINT WE'RE 15 CENTS OFF THE HIGH. AND CORN FOOD FOR THE YEAR.  WE'RE AT YEARLY HIGHS. THIS IS A GREAT MARKETING OPPORTUNITY TO TAKE ADVANTAGE OF IT. ALL RIGHT.  MARK GOLD THE TOP THIRD. STAY WITH US. WE'LL BE BACK WITH MORE AGDAY IN JUST A MOMENT.  AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET.

WEATHER
WELCOME BACK THAT DAY HERE WITH METEOROLOGIST MIKE HOFFMAN TAKING A LOOK AT THE WEATHER  MAP AND MIKE JUST WAITIN ON A LITTLE BIT OF RAIN I GUESS AND THAT'S ABOUT IT. MAYBE SOME COOLER  TEMPERATURES. YEAH SUMMER IS DEFINITELY COULD USE THE RAIN. WE'RE WATCHING SOME LITTLE  AREAS OF LOW PRESSURE MOVING ALONG A STATIONARY FRONT THAT WILL BE THE FOCUS FOR SOME RAIN.  OBVIOUSLY WILL BE HIT AND MISS ALONG THOSE. THAT FRONTAL SYSTEM WITH THOSE WAVES MOVING  ALONG IT. BUT SOME AREAS COULD GET SOME DECENT RAINS IN A SHORT PERIOD OF TIME. LET'S PUT THE  WEATHER MAPS INTO MOTION YOU'LL NOTICE NOT A LOT OF MOTION WITH THE STATIONARY FRONT IT'S JUST  KIND OF SITTING THERE FOR THE MOST PART IT'LL MOVE A LITTLE BIT AS EACH WAVE COMES ALONG. OTHER  THAN THAT IT'S HIT AND MISS AND MOSTLY MISS IN PARTS OF THE SOUTHEAST AND HIT AND MISS IN THE  SOUTHWEST ALTHOUGH DECENT MOISTURE FOR THIS TIME OF THE YEAR IN THE FOUR CORNERS REGION AS  YOU CAN SEE HEADING THROUGH THE NIGHTTIME HOURS TONIGHT. SEE THE FIRST LITTLE WAVE MOVING OFF  THE EASTERN SHORE LINE AND THE NEXT ONE I SAY LOOKS WETTER AND MORE POTENT THAN THE ONE  PREVIOUS TO IT THAT WOULD BE MOVING THROUGH EASTERN NEBRASKA IOWA SOUTHERN MINNESOTA AS  WE HEAD INTO TOMORROW MORNING PERHAPS A COMPLEX OF STORMS JUST NORTH OF THAT FRONT WHICH  COULD PUT DOWN SOME HEAVY RAIN SHORT PERIODS OF TIME. YOU'LL NOTICE EVERYTHING THAT TRIES TO  COME INTO THE PACIFIC NORTHWEST IS NOT MAKING IT BECAUSE OF THAT BIG RIDGE SITTING OVER THE  WESTERN HALF OF THE COUNTRY HEADING THROUGH TOMORROW. ENDING SEE THE NORTHERN FRONT KIND OF  STALLS OUT AS WELL. SO THEN WE HAVE TWO STATIONARY FRONTS ONE ACROSS THE CORN BELT ONE UP  ALONG THE CANADIAN BORDER IN THE NORTHERN GREAT LAKES. EACH ONE OF THOSE HAS A CHANCE FOR  SOME SHOWERS AND THUNDERSTORMS. EVENTUALLY THOUGH AS THIS STORM SYSTEM THAT CAME IN OFF  THE PACIFIC RIDES ALONG THIS STATIONARY FRONT AND INTO THE WEEKEND AND EARLY NEXT WEEK IT WILL  DRAG SOME COOLER AIR INTO THE NORTHERN TIER OF STATES. LET'S TAKE A LOOK AT PRECIPITATION  ESTIMATES OVER THE PAST 24 HOURS. HIT AND MISS IN THE UPPER MIDWEST NORTHERN MISSISSIPPI  VALLEY SAME THING IN THE SOUTHEAST IN THE SOUTHWEST. ADD IN IN THE NEXT 36 HOURS YOU CAN SEE  HOW WE DO PUT DOWN SOME DECENT RAINS IN PLACES. LOOKS LIKE OUR MODELS TRYING TO DO IT  MAINLY SOUTHERN MINNESOTA AND SOME OF THE SURROUNDING AREAS THAT DIVES INTO THE EASTERN  OHIO VALLEY. ALSO CENTRAL AND SOUTH FLORIDA ENDING UP WITH A DECENT AMOUNT OVER TIME. HIGH  TEMPERATURES VERY HOT 90S TO CLOSE TO 100 FROM NEBRASKA SOUTHERN IOWA SOUTHWARD TO THE  GULF COAST. LITTLE COOLER IN THE NORTHERN PORTIONS OF THE GREAT LAKES AND THE NORTHEAST THAT'S  BEEN TYPICAL THIS SUMMER. LOWS TONIGHT ONLY IN THE 80S FROM OMAHA TO DALLAS SO THAT IS  SOME MUGGY AIR AND WE CONTINUE TO SEE THAT DURING THE DAY TOMORROW AS TEMPERATURES STAY  PRETTY MUCH THE SAME FROM DAY TO DAY FOR NOW. THAT'S ALL BECAUSE OF THIS BIG RIDGE OVER THE  CENTRAL PORTIONS OF THE COUNTRY. SEE LITTLE RIPPLES IN THE NORTHERN PART OF THE JET STREAM KIND OF  BRINGING IT A LITTLE FARTHER SOUTH AT TIMES. WHEN THAT HAPPENS OBVIOUSLY WE DO TURN COOLER IN  SOME OF THE NORTHERN TIER OF STATES. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT  SOME LOCAL FORECASTS. WE'RE HEAD TO EL PASO TEXAS FIRST OF ALL MOSTLY SUNNY AND AFTERNOON  SHOWER THUNDERSTORM POSSIBLE HIGH OF 90 ROCK ISLAND ILLINOIS. HOT AND HUMID A HEAVY  THUNDERSTORM IN SOME SPOTS HIGH OF 93 IN SPRINGFIELD MASSACHUSETTS. MIX OF SUN AND CLOUDS  91. 

TEASE
WE'LL CHECK ON CATTLE MARKETS INCLUDING REACTION TO A RECENT REPORT  OF ATYPICAL BSE IN ALABAMA. AND HOW DO YOU LIKE TO WIND-DOWN AFTER A LONG, HARD DAY ON THE JOB? THIS NEW ENGLAND GOVERNOR LIKES TO PUSH THE PEDAL TO THE METAL... GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

DROVER’S TV
ON DROVER'S TV,  A CASE OF BSE IN ALABAMA APPEARS IT WILL NOT HAVE AN  IMPACT ON U.S. TRADE OR HEALTH STATUS. USDA SAYS THE ATYPICAL NEUROLOGICAL DISEASE WAS FOUND IN AN 11 YEAR  OLD COW. THE ANIMAL DID NOT ENTER SLAUGHTER CHANNELS AND AT NO TIME WAS A RISK  TO ENTER THE FOOD SUPPLY. DROVERS SAYS THE RESPONSE BY AMERICA'S TRADING PARTNERS HAS BEEN  MUTED...AND NO TRADE THREAT IS ANTICIPATED. THE INDUSTRY SAYS THE INTERLOCKING SAFEGUARDS AND BSE SURVEILLANCE  ACTIONS AGAIN HELPED PREVENT A DISEASED ANIMAL FROM ENTERING HUMAN  FOOD SUPPLIES. "AND, ACCORDING TO USDA, THIS FINDING OF AN ATYPICAL CASE WILL NOT CHANGE THE NEGLIGIBLE RISK  STATUS OF THE UNITED STATES, AS DESIGNATED BY THE WORLD ORGANIZATION FOR ANIMAL HEALTH.  SOUTH KOREA'S AGRICULTURE MINISTRY SAID IT WILL STRENGTHEN QUARANTINE MEASURES ON U.S. BEEF  BEGINNING WEDNESDAY, ALTHOUGH THE COUNTRY DOESN'T IMPORT BEEF FROM SLAUGHTERHOUSES OR  MEAT PROCESSORS BASED IN ALABAMA. JAPAN HAS PREVIOUSLY TAKEN MEASURES TO PREVENT THE  ENTRY OF BSE FROM THE U.S. AND AS THIS CASE IS ATYPICAL, THERE'S NO NEED TO TAKE ADDITIONAL  ACTION, SAYS THE DEPUTY DIRECTOR AT THE AGRICULTURE MINISTRY'S ANIMAL HEALTH DIVISION. CHINESE  TRADE OFFICIALS HAVE MADE NO STATEMENT ABOUT THE LATEST BSE DISCOVERY, AND U.S. OFFICIALS  DON'T BELIEVE IT WILL HAVE AN IMPACT ON THE REOPENING OF THE CHINESE MARKET TO U.S. BEEF." CATTLE MARKETS IN THE U.S. APPEARED TO ACCEPT THE NEWS WITHOUT ANY  DISRUPTIONS.  CATTLE FUTURES TRADING HIGHER FOLLOWING THE BSE ANNOUNCEMENT FROM  USDA. AG SECRETARY PERDUE AND HIS BRAZILIAN COUNTERPART MET IN WASHINGTON  THIS WEEK TO DISCUSS THE U.S. BAN OF BRAZILIAN FRESH BEEF.  THE CONVERSATION CONCLUDED THAT BRAZIL NEEDS TO MAKE PROGRESS ON  ITS OWN INSPECTIONS BEFORE U.S. OFFICIALS WILL SET A TIMELINES TO END  THE BAN. IN JUNE, THE U.S. BLOCKED SHIPMENTS OF FRESH BRAZILIAN BEEF AFTER A HIGH  PERCENTAGE OF SHIPMENTS DIDN'T PASS SAFETY CHECKS. MEANWHILE CATTLE AND OTHER AG GROUPS JOINING FORCES TO CALL ON  CONGRESS TO ESTABLISH AND FUND A FOOT AND MOUTH DISEASE VACCINE  BANK IN THE NEXT FARM BILL MORE THAN 100 GROUPS AND LEADERS SIGNED THE LETTER-- NOW SENT TO THE  SENATE AG COMMITTEE. IT SAYS THE CUMULATIVE COST OF AN FMD OUTBREAK WOULD COST THE BEEF AND  PORK SECTORS 128 BILLION DOLLARS OVER 10 YEARS. AND THE LATEST PROFIT TRACKER FROM USDA SHOWS PER HEAD PROFITS  TICKING HIGHER. UP TO 292 DOLLARS ON A CASH PRICE RALLY LAST WEEK. THAT MAKES FEEDYARDS PROFITABLE FOR 33 CONSECUTIVE WEEKS. BEEF PACKERS HOWEVER SEEING A DECLINE IN MARGINS--DOWN TO 172  DOLLARS BASED ON FALLING CUTOUT PRICES. AND HIS DAY JOB IS BEHIND THE DESK....BUT HE'S JUST AS COMFORTABLE  BEHIND THE WHEEL OF HIS STOCK-CAR. IN THE COUNTRY IS NEXT.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M5 SERIES - BRINGING NEW  LEVELS OF COMFORT TO HARD WORK.  LEARN MORE AT KUBOTA.COM, OR VISIT  YOUR LOCAL KUBOTA DEALER TODAY. POLITICS CAN MAKE YOUR HEAD SPIN...JUST LIKE A RACE CAR GOING ROUND-N- ROUND. SO MAYBE IT SHOULDN'T SURPRISE YOU THAT ONE GOVERNOR LEAVES THE  STATEHOUSE FOR THE SPEEDWAY. MICHAEL HILL SHOWS US HOW VERMONT'S GOVERNOR PUSHES POLITICS TO THE  PEDAL. VERMONT GOVERNOR PHIL SCOTT LIKES BEING IN THE DRIVER'S SEAT. THE  VETERAN POLITICIAN IS USED TO SHIFTING GEARS… AND KNOWS HOW TO STAY  ON TRACK. FOR THE 58-YEAR-OLD GOVERNOR ... RUNNING VERMONT IS HIS JOB.  BUT RACING IS HIS LONGTIME PASSION. GOV. PHIL SCOTT, (R) VERMONT: "(LAUGHS) WELL,  THERE'S NO CONTEST AS FAR AS THE FUN PART: IT'S PROBABLY RACING. IT'S SOMETHING THAT'S IN MY  BLOOD, SOMETHING I'VE DONE FOR THE LAST THREE OR FOUR DECADES." SCOTT STILL FINDS TIME TO RACE STOCK CARS AT THUNDER ROAD. THE PAVED  QUARTER-MILE OVAL IS ABOUT 10 MILES FROM THE STATE CAPITOL. THE FORMER  STATE LAWMAKER AND LIEUTENANT GOVERNOR HAS WON THREE TRACK  CHAMPIONSHIPS HERE IN ALMOST 30 YEARS. GERRY LAJEUNESSE, FRIEND: "EVERYBODY IN  MOST OF VERMONT KNOWS PHIL SCOTT. THAT'S NOT THE REASON HE GOT ELECTED, BUT IT DIDN'T HURT.  LET'S PUT IT THAT WAY. THERE'S THOUSANDS OF PEOPLE THAT WOULD HAVE VOTED FOR A STOCK CAR  DRIVER, NO QUESTION ABOUT IT. "SCOTT IS A REPUBLICAN IN A LIBERAL-LEANING STATE  KNOWN FOR ELECTING SENATOR BERNIE SANDERS. HE HAS BUILT UP A "NICE  GUY" REPUTATION AT THE STATE HOUSE AND THE SPEEDWAY. HE KNOWS IF YOU  RAM INTO A DRIVER'S BACK BUMPER, THEY MIGHT RETURN THE FAVOR. SCOTT  SAYS THE VIEW FROM THE SEAT OF POWER AND THE SEAT OF A SOUPED UP  CHEVY CAN BE SIMILAR. "YOU FORMULATE YOUR PLAN AND WE DO THAT HERE _ WHAT TIRES TO PUT ON WHEN, HOW MUCH TO  ADJUST THE CAR FOR WHATEVER TRACK CONDITION WE MIGHT FIND, WHEN WE'RE GOING TO BE ON THE  OUTSIDE, WHAT PLAYS OUT TO WHAT. YOU'RE ALWAYS PLANNING AND STRATEGIZING. IT'S THE SAME IN  POLITICS." LIKE KNOWING WHEN TO GO FLAT OUT AND WHEN TO EASE UP - SOMETHING HE RECENTLY DISPLAYED WHEN HE COMPROMISED WITH  LAWMAKERS ON A STATE BUDGET. WHILE VOTERS WILL DETERMINE HOW LONG  SCOTT STAYS IN OFFICE, HE HAS NO PLANS TO RETIRE FROM RACING. THE  GOVERNOR STILL KNOWS HOW TO FIND THE WINNER'S CIRCLE. MICHAEL HILL,  ASSOCIATED PRESS, BARRE, VERMONT.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A  GREAT DAY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS. 

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