AgDay Daily Recap -July 6, 2017

July 6, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 6, 2017


HEADLINES
THE LATEST AG BAROMETER SHOWS A DISCONNECT BETWEEN OPTIMISM AND  REALITY ON THE FARM. SOME OHIO FIELDS STRUGGLE FOR A THIRD STRAIGHT YEAR. " I'M BETSY JIBBEN . FARMERS IN NORTHWEST OHIO ARE DEALING WITH THEIR THIRD TOUGH GROWING  SEASON IN A ROW. WE HAVE A REPORT ON CROP AND CREDIT CONDITIONS AHEAD ON THE SHOW. IN AGRIBUSINESS...KEEPING UP WITH A WHEAT MARKET RALLY. DROVERS TV LOOKS AT MARKETS AND POTENTIAL ROAD BLOCKS FOR STATE  CHECKOFFS'  AND PUTTING PUTIN IN THE DIRT AHEAD OF A MAJOR G-20 MEETING. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

PURDUE AG BAROMETER
GOOD MORNING I'M CLINTON GRIFFITHS.  MANY U-S AG PRODUCERS SAY THE  FINANCIAL POSITIONS OF THEIR FARMS ARE STRONGER NOW THAN THEY WERE A  YEAR AGO. BUT THE CELEBRATION DOESN'T LAST LONG AS THEY EXPRESS  CONCERN THAT THEY MIGHT NOT HIT THEIR FINANCIAL TARGETS IN 2017. PURDUE UNIVERSITY AND THE CME JUST RELEASING THE RESULTS OF THEIR  MONTHLY AG BAROMETER WHICH GAUGES FARMERS SENTIMENTS ON THE  ECONOMY. THE BAROMETER READS 131 FOR THE MONTH OF JUNE – VIRTUALLY UNCHANGED  FROM THE APRIL AND MAY READINGS OF 130. BUT WELL ABOVE LEVELS  RECORDED PRIOR TO THE NOVEMBER ELECTION. WHILE THE CURRENT FINANCIAL SITUATION FOR MANY FARM OPERATIONS HAS STABILIZED, A THIRD OF THOSE SURVEYED SAY THE WON'T HIT THEIR FINANCIAL  PROJECTIONS FROM EARLIER IN THE YEAR. "60 PERCENT OF THE PRODUCERS SAID THEY ARE ON TRACK WITH THEIR BUDGETS TWENTY EIGHT PERCENT  OF THE PRODUCERS IN OUR SURVEYS SO THEY EXPECT PERFORMANCE WILL FALL SHORT OF WHAT THEY  PROJECTED. THOSE ANSWERS PROBABLY REFLECT SOME POOR SPRING PLANNING CONDITIONS HERE IN THE  EASTERN CORN BELT AS WELL AS SOME DROUGHT CONCERNS IN PARTS OF THE PLAINS STATES."

OHIO WEATHER CHALLENGES
IT SEEMS AS IF MANY PRODUCERS THROUGHOUT THE CORN BELT ARE DEALING  WITH A TAXING CROP YEAR  -FROM DROUGHT IN THE WEST TO WATER IN THE  EAST.  BUT FOR NORTHWEST OHIO GROWERS, THIS MARKS THE THIRD CONSECUTIVE  YEAR OF WEATHER CHALLENGES. BETSY JIBBEN REPORTS.  NORTHWEST OHIO FARMERS LIKE KENT EDDY ARE IN A RUSH- TRYING THEIR BEST TO HELP A CROP THAT LOOKS A MONTH BEHIND. "IT'S BEEN ALMOST A NIGHTMARE,"PRODUCERS IN THE AREA EXPERIENCING ANOTHER TOUGH START TO THE  GROWING SEASON.. WHERE THE WATER WOULDN'T SHUT OFF AND PLANTING  WINDOWS WERE SMALL.  A SIGN NOW SHOWING UP IN THE ROWS.  "THE CORN IS ALL OVER THE PLACE. IF THE CORN WASN'T REPLANTED, THE STANDS AREN'T THERE. IF IT WAS REPLANTED, YOU AHVE CORN OF ALL DIFFERENT HEIGHTS,"AND THE BEANS DON'T LOOK MUCH BETTER.  "THEY'RE BEHIND. THEY'RE SHORT. THEY'RE GOING TO NEED  A LOT OF TIME,"PRODUCERS LIKE EDDY REPLANTED - PATCHING UP SOME FIELDS UP TO THREE  TIMES.  "UP TO THREE TIMES, YEAH. THAT'S NOT UNCOMMON. I'VE HEARD OF OTHERS THE SAME WAY," REX WILLIAMSON IS A CROP INSURANCE AGENT IN PAYNE, OHIO.  "WE'VE HAD MORE REPLANT CLAIMS FILED THIS SEASON THUS FAR THAN WE EVER HAVE IN THE HISTORY  OF THE AGENCY," ALTHOUGH WILLIAMSON SAYS THERE AREN'T AS MANY PREVENT PLANT ACRES AS  HE ANTICIPATED. HE BELIEVES THE AREA HAD MORE OF THOSE CLAIMS TWO  YEARS AGO. "ACTUALLY I BELIVE WE HAVE 35 TO 40 PREVENT PLANT CLAIMS FILED AT THIS TIME,"> "WHILE FARMERS THROUGHOUT THE CORN BELT ARE DEALING WITH THEIR OWN WEATHER CHALLENGES. THIS  MARKS THE THIRD CONSECUTIVE TOUGH YEAR FOR NORTHWEST OHIO FARMERS.""I THINK IT'S IMPORTANT TO BE HONEST AND SAY THAT THIS AREA HAS BEEN HTI WITH SOME STRUGGLES  AND CHALLENGES.""WE'VE HAD THREE YEARS IN A ROW OF SUB PAR YIELDS. 15 WAS REALLY BAD AND WE LIVED OFF CROP  INSURANCE. 16 WAS AVERAGE AND 17 LOOKS AS IF WE COULD HAVE A TOUGH TIME GETTING THE YIELDS  WHERE THEY NEED TO BE. RIGHT NOW, WE ARE PROBABLY AT BREAK EVEN, EVEN IF WE GET A GOOD  YIELD."WHILE 2017 IS SIMILIAR TO TWO YEARS AGO WHEN THE AREA GOT DOUSED WITH  RAIN.. FARMERS HOPE THE WEATHER TURNS AROUND SO A CROP THAT'S BEHIND WILL  PRODUCE. REPORTING IN VAN WERT AND PAULDING COUNTY OHIO, I'M BETSY JIBBEN.  THANKS BETSY.  EDDY SAYS HE REPLANTED ABOUT 20 PERCENT OF HIS CORN ACRES TO  SOYBEANS.  HE PARKED THE PLANTER AROUND JUNE 10. 

CCROP PROGRESS
WHILE OHIO STRUGGLES, IT'S STILL NOT AS BAD AN INDIANA CORN WITH JUST 47- PERCENT CALLED GOOD TO EXCELLENT. OVERALL 68-PERCENT SITS IN THOSE CATEGORIES, UP A POINT FROM LAST  WEEK. 10-PERCENT IS STARTING TO TASSLE, THREE POINTS BEHIND AVERAGE. TURNING TO BEANS - THEY DROPPED TWO POINTS IN CONDITION. 64-PERCENT  GOOD TO EXCELLENT. NORTH DAKOTA BEANS SAW A DECLINE OF SIX POINTS.. 18-PERCENT OF THE NATION'S SOY CROP IS BLOOMING, A POINT AHEAD OF  AVERAGE. COTTON SEEING A THREE POINT DROP IN CONDITIONS FROM LAST WEEK. MUCH OF THAT IS DUE TO A SIX POINT DECLINE IN TEXAS COTTON. SPRING WHEAT ALSO SEEING A THREE POINT DROP IN CONDITION. 37-PERCENT IS  GOOD TO EXCELLENT THIS WEEK. MONTANA SEEING THE BIGGEST DROP - DOWN 14 POINTS FROM LAST WEEK. JUST  EIGHT PERCENT IS GOOD TO EXCELLENT.

ARK. GOV. BACKING POSSIBLE DICAMBA BAN
ARKANSAS GOVERNOR ASA HUTCHINSON SAYS HE IS DECIDING TO BACK THE STATE PLANT BOARD'S PROPOSAL TO BAN DICAMBA IN THE STATE, AS THE  "VOLUME OF COMPLAINTS JUSTIFY EMERGENCY ACTION."  AS OF THE MORNING OF JUNE 30, THE PLANT BOARD HAD RECEIVED MORE THAN  500 COMPLAINTS ABOUT DRIFT.  THE MOUNTING COMPLAINTS PROPELLED THE BOARD TO PASS A PROPOSAL TO  BAN THE HERBICIDE.  NOW, TWO PROPOSALS PERTAINING TO THE BAN WILL MOVE TO THE STATE'S  LEGISLATIVE COUNCIL FOR REVIEW.  THE LEGISLATIVE COUNCIL'S NEXT MEETING IS SCHEDULED FOR JULY 21, 2017.  THE GOVERNOR IS ALSO ENDORSING A PROPOSAL CALLING FOR STIFFER  PENALTIES IN CASES OF DICAMBA MISUSE.

PRESIDENT WANTS TO IMPROVE RURAL BROADBAND
THE PRESIDENT IS PROMISING TO IMPROVE BROADBAND SERVICE TO RURAL  AREAS AS PART OF HIS NATIONWIDE INFRASTRUCTURE PLAN.  A BLOOMBERG REPORT SAYS IT WOULD TAKE ROUGHLY $80 BILLION TO EXPAND  BROADBAND TO ALL RURAL AREAS IN AMERICA THAT NEED IT.  HOWEVER, TRUMP'S MOST RECENT SPENDING PROPOSALS ONLY SET ASIDE $25  MILLION OVER THE NEXT TEN YEARS ON RURAL INFRASTRUCTURE NEEDS.  ONLY 55 PERCENT OF RURAL RESIDENTS HAVE ACCESS TO BROADBAND WITH  SPEEDS FASTER THAN 25 MEGABITS PER SECOND, WHICH IS THE GOVERNMENT'S  STANDARD FOR ADEQUATE SERVICE.  THAT COMPARES WITH 94 PERCENT IN URBAN AREAS ACROSS THE COUNTRY. 

CROP COMMENTS
LETS SEE HOW CROPS ARE DOING ELSEWHERE IN THE COUNTRY. FOR THAT WE TURN TO MIKE HOFFMAN AND TODAY'S CROP COMMENTS. THANKS CLINTON.  MIKE MADSEN OUT OF HERON LAKE, MINNESOTA SAYS THE FIELDS ARE STILL  DIGESTING THE RAIN RANGING FROM 3-AND-A-HALF TO 5-AND-A-HALF INCHES  BACK IN JUNE. HE SAYS THIS AREA IS FAR FROM 'THE GARDEN SPOT.'  AND THE NEXT PHOTO COMES FROM CHRISTOPHER RICE IN SOUTHERN WELD  COUNTY, COLORADO. CHRISTOPHER SAYS THE AREA HAD A WETTER MAY. JUNE  WAS HOTTER THAN USUAL BUT THESE IRRIGATED FIELDS ARE DOING WELL.  AND NOW HERE ARE SOME HOMETOWN TEMPS.  VISIT FARM JOURNAL PRO.COM.  TRUSTED ANALYSIS, PROFESSIONAL INSIGHT. FARM JOURNAL  PRO.COM.

TEASE
WE'LL TALK MORE ABOUT IT COMING UP AT THE AGRIBUSINESS DESK. FROM OUR PARTNERS AT DROVERS - SEE HOW A JUDGE'S RULING IN MONTANA  COULD HAVE COAST-TO-COAST IMPLICATIONS ON THE BEEF CHECKOFF. PLUS PUTTING VLADIMIR PUTIN'S FACE IN THE DIRT. . .LITERALLY. FIND OUT WHY WHEN WE HEAD IN THE COUNTRY. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET. 

FLOOR FO THE CME
IN AGRIBUSINESS IT WAS VOLATILE DAY IN MARKETS ESPECIALLY FOR WHEAT.  LETS SEE HOW THINGS SETTLED FROM THE FLOOR OF THE CME IN CHICAGO. WHEAT WAS LOWER FOR THE FIRST TIME IN A WHILE. FUTURE'S REALLY STARTED HIGHER BUT PROFIT TAKING KIND OF PUT A LID ON THE MARKET AND IT REALLY SENT A LITTLE BIT LOWER. IN MINNEAPOLIS WHEAT HIT A RECORD. EIGHT SIXTY EIGHT AND A HALF. THAT ALSO PULLED IN CHICAGO AND KANSAS CITY UP TO NEW ONE YEAR HIGHS. THERE HAS BEEN SOME PROFIT TAKING BUT IT STILL LOOKS LIKE THAT HOT AND DRY CONDITIONS ARE GOING TO REMAIN. SO WE EXPECT THAT THERE'S GOING TO BE BIG VOLATILITY THE REST OF THE SUMMER. SO WATCH OUT FOR THAT JUST BECAUSE TODAY WAS A LITTLE BIT OFF DOESN'T MEAN THIS REALITY IS COMPLETELY OVER. THERE IS CONCERNS THAT THE HOT AND DRY CONDITIONS ARE GOING TO SPREAD INTO AREAS WHERE THERE'S A LOT OF SOYBEANS IN NEBRASKA PERHAPS WESTERN MINNESOTA. THAT REALLY IS GOING TO PUT THE GOING TO PUT SOME STRESS ON SOME OF THE MARKETS IN THE SOYBEANS. AND WE KNOW THAT FROM THE REPORT LAST FRIDAY GAVE SOYBEANS AN AWFUL BIG BOOST BECAUSE OF THE CUT THE REDUCTION IN THE ACREAGE. LIVE CATTLE DRIFTING LOWER. WHAT'S HAPPENED IS THAT IT'S SAGGING FUTURE'S REALLY BROKE. BROKE THROUGH THAT 10 DAY MOVING AVERAGE AND THERE'S BEEN SOME FOLLOW THROUGH SELLING COMING IN. THE AUCTION AFTER THE CLOSE TODAY HAS SOME TRADERS WORRIED AND A SELL OFF KIND OF ENSUED AND IT KIND OF BROKE US OUT OF THAT CHANNEL. WITH FEEDERS ALSO FALLING ALONG WITH IT, IT CERTAINLY LOOKS LIKE THAT THE FUTURES ARE HAVING REALLY TROUBLE FINDING SOME SUPPORT TO KEEP THIS MARKET AFLOAT. THAT'S ALL FROM THE FLOOR OF THE CME GROUP, I'M VIRGINIA MCGATHEY.

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK WE HAVE TOMMY GRISAFI ADVANCE TRADING.  TOMMY LET'S TALK ABOUT THIS WHEAT MARKET. YOU'VE BEEN FOLLOWING IT  PRETTY CLOSELY OVER THE LAST FEW YEARS. SPRING WHEAT SPARKED A HECK  OF A RALLY ISN'T IT DRAGGING THE REST OF OUR GRAINS UP OR IS IT THE LEAD HERE. IT'S SURE EXCITING TO LOOK AT YOUR IPHONE AND SEE WHEAT UP 25 AT NIGHT.  SO YOU KNOW YEAH ABSOLUTELY IF YOU'RE IF YOU'RE SHORT A TON OF BOARD  OF TRADE WHEAT OR KANSAS CITY WHEAT YOU HAVE TO BE ASKING YOURSELF  HOW AM I GOING TO WATCH MINNEAPOLIS CONTRACT RALLY 25 50 CENTS A DAY  AND NOT THINK ABOUT BUYING SOME PROTECTION HERE. I KIND OF WONDER  WHO'S CAUGHT SHORT. YOU KNOW THERE'S STILL A LOT OF WHEAT  AROUND.MAYBE IT'S A BIGGER PICTURE WE'RE STARTING TO HAVE PROBLEM IN  THE WORLD OF DRY WEATHER IN AUSTRALIA. LITTLE PROBLEMS IN EUROPE  CHINA. WHO KNOWS. THEY DON'T ALWAYS TELL THE TRUTH SO WE DON'T KNOW  WHAT'S GOING ON OVER THERE. BUT AS WEATHER PROBLEMS HAPPEN NOBODY  WANTS TO BUY ANYTHING WHEN IT'S CHEAP. BUT AS WE TALKED ABOUT IS IT  STARTS TO GO UP. THEY'RE ACTUALLY STARTING TO SEE PANIC BUYING IN WHEAT.  NOW GROWERS ARE BACK YOU KNOW A GROWER WHO DIDN'T PLANT SPRING  WHEAT BECAUSE IT WAS SUCH A LOSS IS NOW PROFITABLE FOR THIS YEAR AND  COULD BE PROFITABLE NEXT YEAR. 10 GROWERS CALLED ME THIS WEEK AND  SAID HOW DO I PROTECT THIS PRICE FOR 2018. NOW I GO THESE ARE GUYS WHO  SAID I'M NEVER GROWING WHEAT AGAIN, AND THEY'RE BACK IN. THEY'RE GOING  TO GROW SOMETHING. SO AS WE START TALKING ABOUT PROTECTING THIS  PRICE STRATEGIES FOR MAKING THAT HAPPEN ARE THERE SOME REALLY GOOD  WAYS TO DO THAT YET YOU'VE GOT TO WATCH THE WHOLE CURVE YOU'VE GOT  TO WATCH ALL THE MONTHS AND YOU HAVE TO THROW A FLOOR IN THERE  SOMEWHERE SOME GUYS ARE ACTUALLY SELLING CASH CALLING THE  ELEVATORS SELLING HTA'S. NOBODY WANTS TO SELL $7 WHEAT IF IT'S GOING TO  9 OR 12. IF WE KNEW THAT BUT NOBODY GOES BROKE MAKING A PROFIT EITHER  WE LIKE A PUT OPTION SOME PEOPLE DON'T LIKE DOING THAT. SOME PEOPLE  WATCH A SHOW EVERY WEEK THEY'RE NEVER GOING TO BUY AN OPTION THEY'RE  JUST GOING TO MAKE A CASH SALE. I'D MUCH RATHER SEE HIM MAKE A CASH  SELL TO A PROFIT THAN A LOSS. ALL RIGHT. AS THIS WEATHER THING CONTINUES  TO PLAY OUT ESPECIALLY IN THE NORTHERN PLAINS DO YOU THINK THIS  CONTINUES OR ARE WE KIND OF RUNNING SOME STEAM OUT OF THIS THING. I DO THEY'LL START HARVESTING WHEAT IN A FEW ACRES. SOME GUYS ARE  READY TO BALED IT UP. SO THEY'VE ALREADY HAD THEIR HARVEST THEY SEE A  LOT OF PICTURES ON THE INTERNET WHICH YOU KNOW EVERYTHING'S TRUE ON  THERE FOR COWS GRAZING AND IN THE SPRING WHEAT FIELD SO THEY'RE  SAYING HEY WE HAD OUR HARVEST WITH THE COWS OUT IN HERE. IF IT'S TRULY  THAT BAD. IN MONTANA SOUTH DAKOTA NORTH DAKOTA THIS WHEAT MARKETS  GOT QUITE A STORY FOR QUITE A WHILE NOW. AND WE LOOK AT CANADA WE  KNOW CANADA DIDN'T PLANT AS MANY ACRES. ALL RIGHT WE'LL KEEP AN EYE ON  IT TOM. THANKS FOR BEING HERE. WE'LL BE BACK WITH MORE AGDAY IN JUST A  MINUTE. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN.  LOOKING AT THE ROOT ZONE MOISTURE MAP. AND IF WE LOOK AT THIS MIKE WE  DO SEE SOME SIGNIFICANT CHANGES. IT'S AMAZING HOW WET IT IS NUMBER ONE PARTS OF THE GULF COAST IN THE  GREAT LAKES BUT ALSO THE NORTHERN PLAINS EASTERN MONTANA NEBRASKA  SOUTH AND NORTH DAKOTA ALL HAVE GOTTEN BETTER SINCE LAST WEEK. IN  FACT THERE WAS A WHOLE BUNCH OF ORANGE AND RED SHOWING UP FROM  NORTH DAKOTA DOWN IN NEBRASKA LAST WEEK. SO EVEN THOUGH I KNOW  YOU'RE STILL A LITTLE DRIER THAN NORMAL YOU'VE HAD SOME RAIN TO GET YOU  OUT OF THAT REAL DRY SITUATION. VERY WET THOUGH. GREAT LAKES INTO  PARTS OF THE NORTHEAST ALSO FROM KENTUCKY SOUTHWARD TO THE GULF  COAST. AND IT'S WET OUT WEST FOR THIS TIME OF THE YEAR ALTHOUGH IT'S  TYPICALLY ON THE DRY SIDE SO EVEN BEING A LITTLE WETTER THAN NORMAL  OUT THERE ISN'T A BIG DEAL MORE THAN LIKELY. HERE'S THE WAY THINGS SHAPE  UP AS WE START THE DAY. YOU CAN SEE A STORM SYSTEM MOVING THROUGH  THE CENTRAL OHIO VALLEY KENTUCKY INTO WEST VIRGINIA. WE'LL SEE SOME  SHOWERS AND THUNDERSTORMS ASSOCIATED WITH THAT SYSTEM. ANOTHER  SYSTEM DIVING INTO THE NORTHERN PLAINS WILL EVENTUALLY CREATE SOME  COOLER AIR COMING THIS WAY AGAIN. WE HAVE A LITTLE UPPER DISTURBANCE  THAT MAY CREATE A FEW SHOWERS AND THUNDERSTORMS FOR THE NORTHERN  GREAT LAKES. OTHER THAN THAT IT'S MAINLY DRY ACROSS THE COUNTRY. YOU  CAN SEE AS WE HEAD THROUGH TONIGHT AND INTO THE DAY TOMORROW. HIGH  PRESSURE STARTING TO BUILD INTO THE NORTHERN PLAINS THAT'S GOING TO BE  COOLER DRIER AIR AS WE HEAD TOWARD THIS WEEKEND. JUST A FEW  SCATTERED SHOWERS TO START THE DAY IN THE NORTHEAST AND THE GREAT  LAKES. AND THEN TOMORROW YOU CAN SEE HOW THINGS MOVE BOTH FRONTS  CONTINUE TO PROGRESS SLOWLY SOUTHWARD SO THE SOUTHEASTERN ONE  WILL HAVE SOME SCATTERED SHOWERS AND THUNDERSTORMS ALONG IT. AND  THE SECOND ONE WE'LL HAVE SOME DECENT AREAS OF SHOWERS AND  THUNDERSTORMS PROBABLY THE EASTERN OHIO VALLEY SOUTHEASTERN  PORTIONS OF THE GREAT LAKES JUST THAT HIT AND MISS VARIETY. AFTERNOON  SHOWERS AND THUNDERSTORMS POPPING UP OUT WEST BUT MOST STORIES  GET MISSED IN THIS SITUATION. EXCUSE ME. LET'S TAKE A LOOK AT  PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS. FAIR AMOUNT WITH THAT  SYSTEM MOVING THROUGH THE CENTRAL PORTIONS OF THE MISSISSIPPI VALLEY  WILL ADD ON THE NEXT 36 HOURS YOU'LL SEE HOW THAT SYSTEM CONTINUES TO  MOVE EAST SO SOME AREAS THAT ARE ALREADY PRETTY WET. GETTING SOME  MORE IN THAT ENTIRE AREA. SCATTERED LIGHTER AMOUNTS FARTHER NORTH IN  THE GREAT LAKES AND ALSO IN THE SOUTHEAST WITH VERY LITTLE OCCURRING  OUT WEST. OF COURSE IT IS HOT AND DRY LOTS OF 90S THIS AFTERNOON FOR  THE WEST ALL THE WAY UP INTO THE NORTHERN ROCKIES WITH TRIPLE DIGITS IN  THE SOUTH WEST. AND YOU CAN SEE A LITTLE MORE PLEASANT FOR THE  EASTERN OHIO VALLEY INTO THE NORTHEAST. LOW TEMPERATURES TONIGHT  LOTS OF 70S KIND OF ON THE MUGGY SIDE CENTRAL PLAINS SOUTHWARD AND  MORE OF THE SAME TOMORROW THE HEAT CONTINUES OUT WEST. IT DOES COOL  DOWN A LITTLE BIT OVER THE NORTHERN PLAINS. HERE'S THE JET STREAM AND  YOU'LL NOTICE HOW WE HAVE THE TROUGH IN THE GREAT LAKES THE RIDGE OUT  WEST AND THAT PATTERN IS GOING TO CONTINUE. THIS IS THE PATTERN WE KEEP  WANTING TO GO BACK TO FOR SOME REASON AS WE HAVE MOVED THROUGH THE  SUMMER AND IT LOOKS LIKE THAT IS GOING TO CONTINUE. THAT'S A LOOK  ACROSS THE COUNTRY.NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS.  WINNEMUCCA NEVADA TODAY SUNNY AND CONTINUED HOT. HIGH TEMPERATURE  OF 99 MIAMI OKLAHOMA. A GOOD DEAL OF SUNSHINE AND WARM HIGH OF 88. AND  FINALLY SYRACUSE NEW YORK A MIX OF SUN AND CLOUDS MAYBE A SHOWER IN  SOME AREAS.HIGH AROUND 80 DEGREES.

TEASE
WHEN WE COME BACK, WE'LL LOOK AT BEEF MARKETS ON DROVERS  TV...INCLUDING NEW HEADWINDS FOR STATE BEEF CHECKOFFS. AND LATER, FINDING ART IN AGRICULTURE... WITH MARKET PRICES CONSTANTLY CHANGING, IT'S IMPORTANT TO KNOW WHERE CURRENT PRICES  STAND. GET MARKET PRICES DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT MARKETS TO 31313 TO  GET STARTED!

DROVERS TV
ON DROVER'S TV, RABOBANK RELEASING IT'S SECOND QUARTER ANALYSIS OF  BEEF MARKETS. IT SAYS GLOBAL SHIPMENTS FROM THE U.S. ARE EXPECTED TO INCREASE  FOLLOWING SEVERAL MONTHS OF HICCUPS BY OTHER NATIONS. CITING POLITICAL AND FOOD SAFETY TURMOIL IN BRAZIL, A TRADE PACT WITH  CHINA AND REDUCED HERDS IN AUSTRALIA AND NEW ZEALAND-- THERE'S NOW  MORE SPACE FOR U.S. BEEF IN GLOBAL MARKETS. BACK AT HOME, LAST MONTH A FEDERAL JUDGE IN MONTANA UPHELD AN  INJUNCTION BARRING THE MONTANA BEEF COUNCIL FROM AUTOMATICALLY COLLECTING FUNDS FROM THE NATIONAL BEEF CHECKOFF PROGRAM. THE JUDGE'S RULING DECLARING THE MONTANA BEEF COUNCIL A PRIVATE  ENTITY, NOT UNDER THE OVERSIGHT OF USDA, AND THEREFORE THE BEEF  PROMOTIONS IT FUNDS ARE NOT PUBLIC SPEECH.  THAT MEANS THE MONTANA BEEF COUNCIL MUST OBTAIN THE CONSENT OF  MONTANA PRODUCERS BEFORE UTILIZING THEIR MONEY.  THE RULING IN MONTANA MAY HAVE FAR-REACHING IMPLICATIONS ON THE 43 STATE BEEF COUNCILS. IN  MAY A UTAH RANCHER FILED A SIMILAR SUIT IN SALT LAKE CITY OVER THE ONE DOLLAR FEDERAL AND FIFTY  CENT UTAH STATE BEEF CHECKOFF.THE PLAINTIFF IN THE CASE SAYS THAT SINCE THE UTAH BEEF COUNCIL IS A PRIVATE ENTITY, IT IS UNCONSTITUTIONAL FOR UTAH'S PRODUCERS TO BE COMPELLED TO FINANCE PUBLIC SPEECH. THE PLAINTIFF BELIEVES THE CHECKOFF VIOLATES HIS CONSTITUTIONAL RIGHT OF FREEDOM OF SPEECH. HENDERSON SAYS IT LOOKS LIKELY THAT MORE STATES WILL SEE CHALLENGES  TO THEIR STATE BEEF CHECKOFF.MEANWHILE, CATTLE PRICES TAKING ANOTHER STEP BACKWARD TO END JUNE.FED CATTLE PRICES FINISHING THE MONTH IN THE LOW 120'S--FALLING 17  DOLLARS PER HUNDRED WEIGHT OVER THE MONTH. CHOICE BEEF CUTOUTS ARE ALSO DOWN--OFF 25 DOLLARS PER HUNDRED. PART OF THE DROP IS SEASONAL--THE BIG DEMAND HOLIDAYS ARE MOSTLY PAST  AND SUPPLIES ARE STARTING INCREASE. MEANWHILE REPLACEMENT HEIFERS TRENDING HIGHER LAST MONTH. THE LATEST NUMBERS FROM DROVERS SHOWING STRONG DEMAND FOR HIGH  QUALITY BRED HEIFERS AT AUCTION. WITH FEWER HEIFERS ON THE MARKET AND MORE RETENTION AT THE RANCH,  BUYERS DROVE UP PRICES. OPEN HEIFERS GAINING 6 DOLLARS PER HUNDRED LAST MONTH WITH YOUNG  AND MIDDLE AGED FEMAILS BRINGING 4 BUCKS MORE.

TEASE
STILL TO COME - AS GERMANY PREPARES TO HOST A SUMMIT OF WORLD  LEADERS....A NEIGHBORING COUNTRY IS LAYING OUT A "WELCOME MAT" TO THE  RUSSIAN LEADER.  DETAILS WHEN AG DAY CONTINUES.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  DISCOVER THE POWER BEHIND THE M6 SERIES AT  KUBOTA.COM. ART COMES IN MANY FORMS - SPOKEN WORD, CANVAS, SCULPTURE.  BUT  SOMETIMES IT'S THE FIELD RIGHT OUTSIDE YOUR BACK DOOR. IN NORTHERN ITALY AN ARTIST HAS TURNED A JUST-HARVESTED WHEAT FIELD  INTO A CANVAS-OF SORTS. A GIANT PORTRAIT OF RUSSIAN PRESIDENT VLADIMIR  PUTIN WAS CUT INTO A  FIELD NEAR THE ITALIAN CITY OF VERONA. ALONGSIDE WAS THE CAPTION "G20 2017". THE ARTIST USED A TRACTOR TO CREATE THE 450 FOOT WIDE PICTURE JUST A  FEW DAYS AHEAD OF THE UPCOMING G20 SUMMIT IN HAMBURG GERMANY. THE ARTIST SAYS HE DOESN'T MEASURE THE FIELD BEFORE STARTING BUT APPARENTLY HAS THE INNATE SENSE OF PROPORTION AND THE ABILITY TO DRIVE  A TRACTOR. THE ART WILL ONLY LAST A COUPLE OF DAYS AS THE FARMER SOWS HIS NEXT  CROP.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR BETSY JIBBEN AND MIKE HOFFMAN, 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