AgDay Daily Recap -June 10, 2016

June 10, 2016 02:57 AM
 

TODAY ON AGDAY
JUNE 10, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -TRADE REMAINS TOP OF MIND FOR THE NATION'S PORK INDUSTRY. AS HEAT POURS INTO THE MIDDLE OF THE COUNTRY, A NEW DROUGHT MONITOR SHOWS US WHERE SOILS ARE DRYING OUT. WHAT DOES THAT MEAN FOR PRICES...AN ANSWER FROM TODAY'S PROFARMER PROFIT BRIEFING...NOW YOU GE THAT FIRST HEAT WAVE YOU KNOW MAYBE THIS THING IS GOING TO DEVELOP INTO A DROUGHT LATER ON, A GREAT AMERICAN BARN WITH A UNIQUE ARCHED DESIGN. AND IT'S SHOW RING TIME FOR THE NEXT GENERATION OF PORK PRODUCERS.
PORK EXPO LEAVES PRODUCERS WITH THINGS TO THINK ABOUT:
 GOOD MORNING I'M CLINTON GRIFFITHS. AS THE WORLD PORK EXPO WINDS DOWN THIS WEEK, THE INDUSTRY LEAVES WITH PLENTY WORK LEFT TO DO IN THE YEAR AHEAD. ONE OF THE KEY ISSUES -AS ALWAYS -IS TRADE. THE U-S MEAT EXPORT FEDERATION SAYS PORK SHIPMENTS TO CHINA ARE A BRIGHT SPOT RIGHT NOW. CHINA IS EXPECTED TO SURPASS JAPAN AS THE NUMBER ONE IMPORTER OF U-S PORK. BUT SHIPMENTS TO JAPAN AND SOUTH KOREA ARE WELL BELOW LAST YEAR'S LEVEL. U-S-M-E-F SAYS THEY'RE DOWN ABOUT 30-PERCENT. EVEN THOUGH NEGOTIATIONS OVER VOTING ON THE TRANS PACIFIC PARTNERSHIP SEEM TO FLOUNDER IN CONGRESS, THE U-S TRADE REPRESENTATIVES OFFICE IS OPTIMISTIC IT CAN STILL BE ACCOMPLISHED. NATIONAL REPORTER BETSY JIBBEN JOINS US FROM DES MOINES WITH THAT STORY, BETSY.
AGRICULTURE NEGOTIATOR DISCUSSES TRADE AGREEMENTS:
WORLD PORK EXPO IS CONTINUING ON IN DES MOINES, IOWA. THIS YEAR, USTR CHIEF AGRICULTURAL NEGOTIATOR, DARCI VETTER IS AT THE EVENT. WE WERE ABLE TO CATCH UP WITH HER ON BOTH THE TRANS PACIFIC PARTNERSHIP, ALSO KNOWN AS TPP, AND THE TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP OR T-TIP TRADE AGREEMENTS. CLINTON, DARCI VETTER SAYS SHE'S HOPEFUL THE CONGRESS WILL VOTE ON THE TPP AGREEMENT, EVEN DURING THE LAME DUCK SESSION. "THERE IS CERTAINLY TIME TO RUN THE TRADE PROMOTION AUTHORITY PROCESS, THE VOTING PROCESS FOR THOSE TRADE AGREEMENTS. WE'RE WORKING VERY CLOSELY WITH MEMBERS OF CONGRESS FROM BOTH SIDES OF THE AISLE TO TALK THROUGH AND ANSWER QUESTIONS ABOUT THE DEAL AND RESOLVE ANY OUTSTANDING ISSUES.
NEW CEO OF THE NATIONAL PORK BOARD:
THANKS BETSY--WHILE ON THE GROUNDS SHE ALSO TALKED WITH THE NEW CEO OF THE NATIONAL PORK BOARD. THE NEW BOSS IS FORMER SOUTH DAKOTA STATE AGRICULTURAL SECRETARY BILL EVEN. HE RUNS A FIFTH GENERATION CROP AND LIVESTOCK OPERATION NEAR HUMBOLDT SOUTH DAKOTA. THIS IS HIS FIRST WEEK ON THE JOB AND HE SAYS HE'S LOOKING FORWARD TO THE WORK . HE'S A BIG BELIEVER THAT FARMERS NEED TO KEEP BUILDING BRIDGES FROM THE FARM TO CONSUMERS. EVEN SAYS HE'S ALREADY SETTING GOALS FOR 2016. "THE FIRST PART ABOUT THAT IS THE PEOPLE IN THAT IS, HOW DO WE CONNECT WITH CONSUMERS IN A MANNER THAT MAKES THEM FEEL GOOD ABOUT  CONSUMING PORK, RIGHT. WE ALSO HAVE TO THINK ABOUT THE PEOPLE SIDE OF IT, IS HOW DO WE CONNECT WITH PORK PRODUCERS, PIG FARMERS AND THE PEOPLE WORKING IN FARM OPERATIONS. THE PIGS PIECE IS UNDERSTANDING THAT HAVING THE CONSUMING PUBLIC KNOW THAT WE ARE COMMITTED TO CARING ABOUT OUR ANIMALS, OUR ANIMALS HEALTH AND WELFARE. AND THEN THE PLANET IS THE FACT THAT WE'RE ALSO COMMITTED TO CONTINUOUS IMPROVEMENT IN PORK PRODUCTION."
DROUGHT MONITOR:
IT'S HEATING-UP THIS WEEKEND IN PARTS OF THE CORN BELT -REACHING INTO THE LOW 90'S. THAT'S UNSEASONABLY WARM FOR A YOUNG CORN CROP. MEANWHILE DROUGHT EXPANDED INTO ONE AREA OF THE EASTERN CORN BELT. THE LATEST DROUGHT MONITOR SHOWING ABNORMALLY DRY CONDITIONS DEVELOPED EVER-SO-SLIGHTLY IN THE THREE CORNER REGION OF INDIANA, MICHIGAN AND OHIO. IN THE MIDWEST, DROUGHT REACHED 14-AND-A-HALF PERCENT. THERE WAS A SLIGHT EXPANSION OF ABNORMAL DRYNESS IN CENTRAL AND SOUTH CENTRAL IOWA. BUT DRYNESS WAS REMOVED FROM NORTHERN IOWA AFTER A TWO INCH RAINFALL. MEANWHILE, ILLINOIS IS ONE-HUNDRED PERCENT DROUGHT FREE. THE LAST TIME THE STATE RECORDED ANY SIGNIFICANT DRYNESS WAS IN APRIL. BUT THAT WAS ONLY ABOUT TEN PERCENT. WE TALKED WITH FARMER MIKE MEEL. HE FARMS NEAR PEORIA, ILLINOIS. HE SAYS EARLY PLANTING CONDITIONS WERE GREAT, BUT THEN IT GOT COLD AND WET. BUT THINGS HAVE STRAIGHTENED OUT.
LA NINA SOON TO ARRIVE:
IT APPEARS WE HAVE SHIFTED AWAY FROM EL NINO....AND WE'RE SETTING-UP FOR THE ON-SET OF LA NINA AS SOON AS THIS SUMMER. THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION SAYS ENSONEUTRAL CONDITIONS RETURNED OVER THE PAST MONTH AT THIS POINT, NOAA IS GIVING A 50-50 CHANCE THAT LA NINA APPEARS BETWEEN JUNE AND AUGUST. AND A BETTER THAN 60-PERCENT CHANCE BY LATE SUMMER INTO EARLY FALL. A CHANGE CAN'T COME SOON ENOUGH FOR MANY COUNTRIES SOUTH OR NEAR THE EQUATOR. THEY'VE BEEN DEVASTATED BY THE EFFECTS OF EL NINO.
CROP COMMENTS:
RATHER DIVERSE CROP COMMENTS TODAY -RANGING FROM THE POTATO FIELDS OF MAINE TO WHEAT FIELDS OF TEXAS. CINDI CLAWSON JOINS US NOW FROM THE AGDAY WEATHER CENTER, CINDI. GOOD MORNING CLINTON. WE START CROP COMMENTS FROM COLBERT COUNTY, ALABAMA. A CROP REPORTER FOR "NASS" SAYS WEATHER HAS BEEN EXTREMELY DRY. EARLY PLANTED DRYLAND CORN HAS SEEN VERY LITTLE RAIN AND IT'S SUFFERING. THAT COUNTY IS IN THE NORTHWEST CORNER OF THE STATE. MEANWHILE JUST TWO COUNTIES SOUTH OF THERE, A CROP REPORTER IN MARION COUNTY SAYS IT'S AMAZING WHAT SOME MOISTURE WILL DO. HE SAYS CORN GREW ABOUT A FOOT IN A DAY. STATEWIDE ABOUT 20-PERCENT OF THE CORN CROP IS TASSELING. IT'S USUALLY ABOUT TEN PERCENT. NOW TO MELVIN, TEXAS. WE HEARD FROM THE FOLKS AT JACOBY FEED AND SEED. THEY SAID WINTER WHEAT HARVEST IS IN FULL SWING IN THEIR AREA. THEY SAID SOME WHEAT -UNFORTUNATELY -IS SPROUTING. THE WET SPRING PUSHED SOME HARVEST-READY WHEAT KERNELS INTO GERMINATION WHILE STILL IN THE HEAD.
PROFARMER PROFIT BRIEFING:
STAY WITH US, ITS OUR PRO FARMER PROFIT BRIEFING AND THE CREW IS TALKING WEATHER AND ITS POTENTIAL TO IMPACT PRICES IN THE WEEKS AHEAD. AND LATER, WE'LL HEAD TO THE WORLD PORK SHOW-RING WHERE THE JUNIOR NATIONAL SHOW IS A NEW EXPERIENCE FOR BOTH KIDS AND SPECTATORS.
FROM THE FLOOR OF THE CME:
IN AGRIBUSINESS.. U.S. CONSUMERS ON TRACK TO DO A LOT OF DRIVING THIS SUMMER. GASOLINE CONSUMPTION IS SET TO HIT A FRESH RECORD HIGH THIS SEASON. EVEN WITH THE CREEP IN PRICES, OVERALL PRICES AT THE PUMP ARE THE LOWEST IN A DECADE. THE CURRENT AVERAGE RETAIL ESTIMATE FOR THE SUMER IS 2-27 A GALLON. IN AGRIBUSINESS AFTER WEDNESDAY'S BIG RALLY, LETS SEE IF PRICES HELD. DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. LOOKING AT THIS CORN CONTRACT FIRST THOUGH. THE JULY CONTRACT IS WHAT WE'RE FOCUSING ON. WE'VE MADE PRETTY GOOD HEADWAY YESTERDAY THAT FAILED TO REALLY GET OUT ABOUT MAJOR RESISTANCE FOUR FORTY AND A HALF WAS A LEVEL THAT WE TARGETED THAT WAS THE LAST FEBRUARY TO  MAY MAJOR RESISTANCE AS WELL AS RSI NEAR SEVENTY SEVEN. SO WE WERE WAY OVER BOUGHT UP THERE. THIS HAS BEEN OLIVER SLOUP WITH II TRADER FROM THE FLOOR OF THE CME IN CHICAGO.
PROFARMER:
WEATHER CONTINUES TO BRING WILD SWINGS ACROSS THE COUNTRY. FROM TOO MUCH RAIN TO TOO LITTLE. NOW IT'S GETTING HOT ACROSS THE CORN BELT. THE TEAM FROM PRO FARMER JOIN US WITH THIS WEEK'S PROFIT BRIEFING AND WHAT WEATHER COULD MEAN FOR PRICES. ALL RIGHT BRIAN WE'VE GOT OUR FIRST WEEKEND COMING UP ACROSS THE CORN BELT WITH THE HOTTEST TEMPERATURES THAT WE'VE SEEN IN TWENTY SIXTEEN SOME OF THE AREAS IN THE EASTERN BELT EAST OF THE MISSISSIPPI EXPECTED TO SEE TEMPERATURES ABOVE ONE HUNDRED DEGREES WEST OF MISSISSIPPI MAYBE NOT AT TWO HUNDRED DEGREES BUT LOW TO MID NINETIES. YEAH EARLY IN THE SEASON WE'VE GOT A CORN CROP AND BEAN CROP THAT ACCORDING TO U S D A ARE IN VERY GOOD CONDITION. WHAT DOES THIS FIRST ROUND HE MEAN FOR THE FOR THE MARKETS WITH THE SAME PRICES THAT ARE ALREADY RALLYING NOW EXTEND THEIR RALLY SO THE MARKETS PAY ATTENTION I THINK WHAT LA NINA IN THE BACK OF THEIR MIND'S EYE YOU KNOW I GET THAT FIRST WAVE IN AND MAYBE THIS THING IS GOING TO DEVELOP INTO A DROUGHT LATER ON SO THEY START BUILDING SOME WEATHER PREMIUM INTO PRICES. RIGHT FOR BRIAN GRADY AND ALL THE EDITORS OF PRO FARMER IN CEDAR FALLS IOWA I'M CHIP FLORY
TEASE:
WHERE CAN YOU TALK TOMORROW'S MARKETS TODAY? JOIN CHIP FLORY FIVE DAYS A WEEK FOR MARKET RALLY RADIO -ALL MARKETS ALL THE TIME.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST CINDI CLAWSON. CINDI AS WE LOOK AT THIS FRONT STALLED ACROSS THE NORTHERN PART OF THE COUNTRY LOOKS LIKE IT'S MOVING VERY FAR. YEA AND THAT'S GOING TO BE A PROBLEM BECAUSE WE COULD BE SEEING SOME FAIRLY DECENT RAINS ALONG ESPECIALLY THAT WARM FRONT. WE'RE ALSO LOOKING AT SOME PRETTY BIG HEAT THIS WEEKEND. LET'S GO STRAIGHT TO THE MAP AND SAY WHAT'S GOING ON. WE'RE GONNA BE WATCHING THIS FINAL SYSTEM AND IT'S GONNA MAKE SOME VERY SLOW PROGRESS BUT IT'S GOING TO BE THREATENING SOME RAIN FOR MUCH OF THE CORN BELT ESPECIALLY IN THE EASTERN CORN BELT ALONG THIS WARM FRONT FOR THE NEXT COUPLE OF DAYS. WE'RE ALSO GOING TO BE LOOKING AT SOME PRETTY DECENT HEAT THIS WEEKEND AS WE'RE UNDER THIS BIG RIDGE. WE'LL SHOW THE JET STREAM IN JUST A MINUTE. BUT AS WE PUT THIS INTO MOTION YOU CAN SEE THAT THE BEST CHANCE FOR RAIN IS GOING TO COME IN A NARROW BAND RIGHT ALONG THAT WARM FRONT .
 REGIONAL WEATHER:
THAT'S A LOOK AT YOUR NATIONAL FORECAST NOW LET'S CHECK OUT SOME LOCAL CITIES. DEARY, IDAHO LOOK FOR COOLER CONDITIONS TODAY WITH SHOWERS A HIGH TEMPERATURE OF SIXTY ONE DEGREES. MOUNTAIN HOME ARKANSAS SUNNY AND VERY WARM FOR YOU TODAY WITH HIGH AROUND NINETY DEGREES. FLORENCE SOUTH CAROLINA SUNNY FOR YOU HIGH AROUND NINETY.
TEASE:
WHEN WE COME BACK...A GREAT AMERICAN BARN WITH A UNIQUE CONSTRUCTION DESIGN THAT HELPS OPEN-UP FLOOR SPACE. AND LATER, WE'RE OFF TO THE JUNIOR NATIONAL SHOW AT THE WORLD PORK EXPO WHERE HARD WORK AND EXPERIENCE IN THE RING HELPING KIDS GAIN A LIFETIME OF SKILLS.
GREAT AMERICAN BARNS:
TODAY'S GREAT AMERICAN BARN TAKES US TO DOWNSTATE INDIANA WHERE WE GET TO SEE SOME UNIQUE CONSTRUCTION. THIS IS THE WILL STEVENS ARCHED-ROOFED BARN IN JEFFERSON INDIANA. WE GOT TO TOUR THIS STRUCTURE DURING A HISTORIC TOUR HOSTED BY THE INDIANA BARN FOUNDATION. IT WAS BUILT AROUND 1920. THIS LARGE ARCHED-ROOFED BARN IS 120 FEET LONG BY 45 FEET WIDE. IT IS A BANK BARN WITH AN EARTHEN RAMPED ENTRY ON THE SIDE. BUT WHAT MAKES IT UNIQUE IS THE ARCHED CONSTRUCTION WHICH YOU CAN SEE FROM THE INSIDE. IT WAS ACHIEVED BY STRAPPING MANY THIN BOARDS TOGETHER. THIS APPROACH ALLOWED THE BOARDS TO BEND INTO THE MANY ARCHED RAFTERS NEEDED FOR THIS IMMENSE SPACE. BUT YOU MAY ALSO NOTE THE LACK OF SUPPORT BEAMS. WE'RE TOLD OVER 5,000 BALES CAN EASILY BE STORED IN JUST ONE-HALF OF THE UPPER LEVEL OF THIS BARN. THE LOWER LEVEL IS THE STABLE AREA AND IS STILL BEING USED TODAY FOR CATTLE.
IN THE COUNTRY:
A MAJOR PART OF THE WORLD PORK EXPO EVERY YEAR IN DES MOINES IS THE JUNIOR NATIONAL SHOW. KIDS AND THEIR PARENTS COME FROM ACROSS THE COUNTRY TO COMPETE IN THE SHOWRING FOR TOP HONORS. PHOTO JOURNALIST RUSS NUTUSKO TAKES US BEHIND THE SCENES. I'M ROBBY GOTHFRIED AND MY NIECE IS NAMED ABBY PETERS HE HAS BEEN SHOWING FOR THE PAST THREE YEARS NOW THE SWINE INDUSTRY IS A GREAT A GREAT GREAT INDUSTRY TO BE IN FOR KIDS. I MEAN WE GOT FRIENDS FROM ALL OVER ACROSS THE COUNTRY. WE GO TO THESE SHOWS AND MEET NEW
PEOPLE.> LIKE WHEN YOU SHOW CATTLE YOU WALK AND STOP THEM AND THESE GUYS JUST KEEP GOING ALL THE TIME.> I'M JENNIFER RANTS, I'M FROM CANADA. I'VE ALWAYS LOVED HOGS AND HOG FARMING, BUT IN CANADA WE DON'T SHOW THEM, SO I'M REALLY EXCITED TO BE HERE WATCHING THE JUNIOR NATIONALS SHOW AND ACTUALLY SEEING THAT SIDE OF THINGS THAT WE DON'T GET TO SEE IN CANADA.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CINDI CLAWSON, BETSY JIBBEN AND THE TEAM OVER AT PRO FARMER. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. MONDAY ON AGDAY - WE START A NEW WEEK WITH A LOOK AT GRAIN MARKETS IN CHICAGO. MACHINERY PETE JOINS US WITH HIS LATEST DEALS FROM FARM AUCTIONS. AND MIKE HOFFMAN WILL HAVE YOUR FARM COUNTRY FORECAST. WHICH US WEEKDAYS HERE ON AGDAY.
 

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