AgDay Daily Recap -June 19, 2015

June 19, 2015 02:57 AM
 

TODAY ON AGDAY
JUNE 19, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY TRADE VOTES MOVE FORWARD IN THE HOUSE. DETAILS FROM THE HILL  PLUS, THE RURAL ECONOMY SHOWS SIGNS OF STRENGTH. IN THE PROFARMER PROFIT BRIEFING....WHY YOU SHOULD BE WATCHING WHEAT MARKETS. PLUS, HOW DOES THE REST OF 2015 LOOK FOR CATTLMEN, AND LEARNING ABOUT FOUR-H WITH HANDS ON LESSONS AT THIS MICHIGAN GARDEN. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
AUSSIE TPA:
AUSTRALIA'S TRADE MINISTER SAYS THE U.S. CONGRESS IS RUNNING OUT OF TIME TO GET T-P-A PASSED. TRADE MINISTER ANDREW ROBB TELLING REPORTERS HE WOULD NOT SPECULATE ON HOW CONTINUING NEGOTIATIONS IN WASHINGTON, BUT SAYS THAT "IF IT'S NOT DEALT WITH IN THE NEXT TWO OR THREE WEEKS HE THINKS THERE'S A REAL PROBLEM WITH THE FUTURE OF THE TRANS PACIFIC PARTNERSHIP. A TRADE DEAL INVOLVING 12 COUNTRIES AROUND THE PACIFIC.
CHINA AUSSIE TPA:
ALSO ON THE TRADE FRONT CHINA JUST SIGNING A TRADE AGREEMENT WITH AUSTRALIA
THE AGREEMENT EVENTUALLY ALLOWS 95 PERCENT OF AUSTRALIA'S EXPORTS TO ENTER CHINA DUTY-FREE. ON THE AG SIDE, IT ELIMINATE'S TRAFFS OF UP TO 20 PERCENT DAIRY--OVER THE NEXT DECADE. IT CUTS THE 12 TO 15 PERCENT DUTY ON BEFF AND ALSO INCLUDES WINE AND WOOL. CHINA ALSO GAINING ACCESS TO AUSTRALIA, WITH MORE THAN 90 PERCENT CHINESE EXPORTS TO EVENTUALLY BE DUTY FREE…THE AGREEMENT STILL NEEDS SIGNOFF FROM PARLIAMENT.
UAV RULES:
F-A-A OFFICIALS TESTIFYING THIS WEEK, THE AGENCY PLANS TO FINALIZE IT'S DRONE REGULATIONS WITHIN THE NEXT 12 MONTHS. THAT MEANS COMMERCIAL DRONE OPERATIONS COULD START IN EARNST BY THIS TIME NEXT YEAR. PREVIOUS FORECASTS HAD PUT THE FINAL RULE ROLLOUT AT THE END OF 2016 OR EARLY 2017. THE FAA SAYS RIGHT NOW, IT'S ALLOWING UP TO 50 COMPANIES A WEEK TO USE DRONES AS PART OF THEIR BUSINESSES.
RAIN WET FIELDS:
TROPICAL DEPRESSION BILL CONTINUES TO DRAG HEAVY RAIN THROUGH THE MIDWEST.
THREE TO SIX INCHES RAIN CONTINUES TO FALL IN THE SOUTHEASTERN PLAINS, MID-SOUTH AND OHIO VALLEY. THE DELUGE IS CAUSING FLOODING, ROAD AND BRIDGE CLOSURES, AND DROWNING CROPS. CROPS THAT ARE STANDING ARE STARTING TO YELLOW DUE TO THE EXCESSIVE RAIN AND LACK OF NITROGEN.
RIVER FLOODING:
THE CHICAGO MERCANTILE EXCHANGE SAYS HIGH LEVELS ON THE ILLINOIS RIVER IS MAKING IT DIFFICULT FOR FACILITIES TO LOAD CROPS. SO CME IS SUSPENDING IT'S TYPICAL DELIVERY REQUIREMENTS FOR NOW. BUT THE HIGH RIVER LEVELS COULD ALSO STOP BARGE TRAFFIC NORTH OF ST. LOUIS.THE ARMY CORPS SAYS THE ISSUE LIES AT THE RAILROAD BRIDGE IN LOUISIANA, MISSOURI. THE CORPS SAYS IF RIVER LEVELS GET ABOVE 20 FEET, BRIDGE WILL LOCK DOWN AND BARGES WON'T BE ABLE TO GET THROUGH.
 NOAA JULY SEPTEMBER:
THE NATIONAL WEATHER SERVICE'S CLIMATE PREDICTION CENTER PUT OUT IT'S SUMER WEATHER FORECAST. IT'S CALLING FOR BELOW NORMAL TEMPERATURES ACROSS THE HEART OF THE MIDWEST...EASING CONCERNS ABOUT PROLONGED STRESS FOR CROPS.
THE FORECAST ALSO EXPECTING ABOVE NORMAL PRECIPITATION FROM SOUTHERN MINNESOTA THROUGH SOUTH TEXAS...IT'S PREDICTING DROUGHT WILL NEARLY BE ELIMINATED ACROSS THE PLAINS BUT REMAIN ON THE WEST COAST.
CROP WATCH:
WET FIELDS SEEMS TO BE THE THEME. CINDI CLAWSON IS IN FOR MIKE HOFFMAN THIS MORNING. SHE JOINS US WITH CROPWATCH.
JUNE RMI:
IT APPEARS THE OVERALL RURAL ECONOMY MAY BE IMPROVING. CREIGHTON UNIVERSITY JUST RELEASING ITS MONTHLY RURAL MAINSTREET INDEX. THE R-M-I IS AN INDEX COVERING 10 STATES, IN THE MIDWEST AND GREAT PLAINS. ECONOMIST ERNIE GOSS SAYS THE INDEX CLIMBED TO GROWTH NEUTRAL. GOSS SAYS THIS IS THE THIRD STRAIGHT MONTH THE INDEX HAS RISEN WHICH INDICATES ECONOMIC CONDITIONS ARE IMPROVING IN THE REGION, BUT HE'S QUICK TO POINT OUT IT'S STILL WEAK BY HISTORICAL STANDARDS. THE STRONG DOLLAR WEIGHS HEAVILY ON GRAIN PRICES AND FARM INCOME.
MN BIRD FLU MONEY:
TODAY MARKS TWO WEEKS SINCE A NEW CASE OF AVIAN FLU APPEARED IN MINNESOTA. THAT'S THE GOOD NEWS. STILL, THE DISEASE CLAIMED MORE THAN NINE MILLION BIRD DEATHS - MOST OF THEM TURKEYS. THIS WEEK MINNESOTA LEGISLATORS APPROVED SPENDING 50 MILLION DOLLARS IN SEVERAL PROGRAMS TO COVER SOME OF THE COSTS ASSOCIATED WITH THE GOVERNMENT RESPONSE. SEPARATE FROM THOSE DOLLARS, THE STATE RURAL FINANCE AUTHORITY HAS APPROPRIATED TEN MILLION DOLLARS TO HELP PRODUCERS REPLACES COMMERCIAL FLOCKS. MEANWHILE FARMS IN TWO MINNESOTA COUNTIES RECEIVED THE GO-AHEAD TO START RESTOCKING THEIR POULTRY BARNS.
MCDONALD SHRINKS:
WHILE MCDONALDS TRIES TO REBUILD ITS MARKET SHARE, THE FAST FOOD CHAIN IS ACTUALLY SLIMMING DOWN. ACCORDING TO A REPORT FROM THE ASSOCIATED PRESS MCDONALDS PLANS TO CLOSE MORE RESTAURANTS IN THE U-S THAN IT OPENS THIS YEAR. THAT SAID, THE MAJOR CHAIN STILL HAS MORE THAN 14-THOUSAND LOCATIONS ACROSS THE COUNTRY. THE GOLDEN ARCHES SAW RAPID GROWTH DURING MUCH OF ITS HISTORY DUE TO AFFORDABLE PRICES. BUT ECONOMISTS SAY NEW COMPETITORS LIKE CHIPOTLE AND FIVE-GUYS BURGER JOINT - ARE DEEPLY CUTTING INTO MCDONALDS PROFIT MARGINS.
TRENDS DRIVING AG:
WHAT DOES THE FUTURE OF AGRICULTURE LOOK LIKE OVER THE NEXT 15 YEARS?
A NEW STUDY FROM THE BOSTON CONSULTING GROUP IDENTIFIES THE MOST INFLUENTIAL TRENDS THAT WILL AFFECT FARMING PRACTICES. AND MANY OF THOSE ARE ALREADY IN PRACTICE.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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