AgDay Daily Recap -June 29, 2017

June 29, 2017 10:02 AM
 
AgDay

TODAY ON AGDAY
JUNE 29, 2017


HEADLINES
A MAJOR BEEF BETWEEN ABC NEWS AND A SOUTH DAKOTA PROCESSOR GETS  SETTLED. IN AGRIBUSINESS...IS THE WEATHER MARKET OVER?\ DROVER'S TV LOOKS AT THE BULL MARKET IN 2017. AND COMBINING SERVICE WITH SAFETY THIS HOLIDAY WEEKEND. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

PINK SLIME CASE SETTLED
GOOD MORNING I'M CLINTON GRIFFITHS. AFTER THREE WEEKS OF TESTIMONY N  A DEFAMATION LAWSUIT AGAINST A-B-C NEWS FOR ITS USE OF THE PHRASE "PINK  SLIME", THERE'S AN ABRUPT END TO THE CASE IN SOUTH DAKOTA. BEEF PRODUCTS INCORPORATED HAS SETTLED WITH A-B-C FOR AN UN- DISCLOSED AMOUNT. B-P-I WAS SEEKING NEARLY TWO BILLION DOLLARS OVER  THE NETWORK'S REPORTS ON ITS LEAN, FINELY TEXTURED BEEF PRODUCT. TERMS OF THE SETTLEMENT ARE CONFIDENTIAL. DAN WEBB/BPI ATTORNEY; "IT'S BEEN A LONG ROAD FOR BPI. BUT IT WAS A ROAD THAT WAS NECESSARY  TO HAVE THIS LITIGATION TO HAVE THIS TRIAL IN ORDER TO RECTIFY THE HARM THAT WAS CAUSED BY WHAT  WE BELIEVED TO BE BASELESS AND BIASED REPORTING THAT OCCURRED IN 2012. " GREG HENDERSON/DROVERS EDITORIAL DIRECTOR; "GIVEN THE HIGH LEGAL THRESHOLD BEEF PRODUCTS  BEING FACED IN ORDER TO PREVAIL IN THEIR LAWSUIT AGAINST ABC NEWS THIS SETTLEMENT IS  SURPRISING. HOWEVER I THINK IT CONFIRMS WHAT BPI ARGUED DURING THE 18 DAYS OF THE TRIAL THAT  LEAN FINELY TEXTURED BEEF IS A SAFE AND WHOLESOME BEEF PRODUCT AND IT HELPS OUR INDUSTRY  ELIMINATE FOOD WASTE. " ABC REPORTER JIM AVILA WAS AT THE CENTER OF THE CASE. HE  TOLD KTIV-TV - QUOTING HERE - ""I THINK IT'S IMPORTANT TO NOTE THAT WE ARE  NOT RETRACTING ANYTHING AND WE ARE NOT APOLOGIZING FOR ANYTHING. I  WANT PEOPLE TO UNDERSTAND THAT I UNDERSTAND THAT IT WAS A BUSINESS DECISION AND I DO SUPPORT MY COMPANY'S DECISION," 

SEC. PERDUE IN CHINA
MEANWHILE AG SECRETARY SONNY PERDUE IS IN CHINA AS THE NATION AGREES  TO ACCEPT IMPORTS OF U-S BEEF. THE TWO NATION'S AGREED TO TERMS TWO  WEEKS AGO.  CHINA BANNED U-S BEEF FOLLWING THE BSE SCARE IN 2003. PERDUE'S VISIT COINCIDES WITH AMBASSADOR TERRY BRANSTAD'S FIRST FEW  DAYS ON THE JOB IN CHINA. BRANSTAD IS THE FORMER SIX-TERM GOVERNOR OF IOWA. HE'S KNOWN CHINA  PRESIDENT XI JINPING SINCE XI VISITED IOWA ON A 1985 TRADE TRIP. USDA WILL RELEASE ITS QUARTERLY HOGS AND PIGS REPORT THIS AFTERNOON. A POLL CONDUCTED BY REUTERS SHOWING ANALYSTS ON AVERAGE EXPECT A  U.S.  HOG INVENTORY AT ROUGHLY 71-POINT-5 MILLION HEAD, 3-POINT-3  PERCENT HIGHER THAN LAST YEAR.  PURDUE AG. ECONOMIST CHRIS HURT SAYS THE INCREASED PACKING SPACE  COMING ONLINE COULD CREATE STRONG BIDS AND PRICES FOR HOGS - A  POTENTIAL CHANGE FROM DEPRESSED HOG PRICES LAST YEAR.  "LAST YEAR WAS NOT A PROFITABLE YEAR, IN FACT, WE LOOK AT LOSSES IN 2016 AROUND 11 DOLLARS PER  HEAD. WHAT THAT MEANS IS THERE HASN'T BEEN A STRONG FINANCIAL INSENTITIVE FOR PORK PRODUCERS  TO HAVE THIS BRIGHT OUTLOOK FOR EXPANSION. SO I THINK WE'RE GOING TO CONTINUE TO KEEP THE  BREEDING HERD SOMETHING IN THE 1 TO 2 PERCENT HIGHER RANGE. THAT'S ABOUT WHAT WE'VE BEEN  SEEING. 26 I DON'T THINK WE'LL SEE A STRONG RAMP UP IN EXPANSION BUT WE DON'T SEE A DECLINE." HURT ANTICIPATES THE MARKET HERD TO BE 3 TO 3 AND A HALF PERCENT  HIGHER, HE SAYS THAT'S LIKELY GOING TO GIVE THE U.S. 4 PERCENT MORE  MARKET HOGS BY MID SUMMER. HE THINKS THAT PERCENTAGE WILL SHRINK BY  DECEMBER 2017. 

WOTUS ISN’T DEAD YET
IT ISN'T DEAD YET...THAT'S THE CAUTION FROM AG GROUPS AS THEY REACT TO  THE LATEST MOVE BY EPA TO REPEAL IT'S WATERS OF THE U.S. RULE. EPA ADMINISTRATOR SCOTT PRUITT TELLING LAWMAKERS TUESDAY THAT THE  EPA HAS SENT ITS REPEAL OF THE WATERS OF THE U.S. RULE TO THE FEDERAL  REGISTER. THAT BEGINS THE PROCESS OF ENDING THE REGULATION.  THE FORMAL WITHDRAW OF THE OBAMA-ERA RULE FOLLOWS THROUGH ON A  CAMPAIGN PROMISE BY PRESIDENT DONALD TRUMP, WHO SIGNED AN EXECUTIVE  ORDER REQUIRING AN EPA REVIEW OF THE RULE. WHILE THE REGULATION WENT INTO EFFECT IN AUGUST OF 2015, A FEDERAL  COURT PUT THE RULE ON HOLD.  EPA INTENDS TO FOLLOW THE FEDERAL RULEMAKING PROCESS IN REPEALING  THE RULE.

166 BU/ACRE CORN?
AS MARKETS GEAR UP FOR THE LATEST ACREAGE REPORT DUE OUT FROM USDA  FRIDAY-- YIELD EXPECTATIONS ARE RAMPING UP. A COMPANY CALLED TELLUS-LABS IS USING SATELLITE IMAGERY TO CALCULATE  YIELDS. AREAS IN GREEN ARE BETTER THAN LAST YEAR, RED IS WORSE. AS OF THIS WEEK, IT'S MODELS PREDICT AN END OF YEAR YIELD OF 166- BUSHEL  TO THE ACRE FOR CORN AND 49 AND A HALF FOR SOYBEANS. WHILE IT ADMITS IT'S EARLY IN THE SEASON-- OUR PARTNERS OVER AT FARM  JOURNAL PRO SAY THAT COULD DROP CORN CARRYOUT BELOW THE 2 BILLION BUSHEL MARK.

CROP COMMENTS
THE NORTHERN PLAINS HAD QUITE THE STORM EARLIER THIS WEEK. MIKE  HOFFMAN JOINS US NOW WITH AN UPDATE. MIKE.  THANKS CLINTON.  DARREN FISCHER IN JACKSON COUNTY, MINNESOTA GOT CAUGHT IN THAT STORM  EARLIER IN THE WEEK. HE HAD 3.9" HIS RAIN GAUGE AS OF WEDNESDAY  MORNING.  USDA SAYS 76 PERCENT OF MINNESOTA'S SOYBEAN CROP IS RATED GOOD TO  EXCELLENT.  THOSE NUMBERS WERE TALLIED BEFORE THE RAIN HIT. SOUTH OF SIOUX FALLS, SOUTH DAKOTA LUCKILY MISSED SOME OF THE ACTION.  THIS FARMER RECEIVED JUST UNDER 2 INCHES OF RAIN. AREAS AROUND HIM  RECEIVED MUCH MORE. HE WELCOMES THE PRECEIPTATION FOR PASTURES AND  ALFALAFA BUT NOT SO MUCH FOR HIS ROW CROPS.  NOW SWITCHING GEARS WITH A SORGHUM UPDATE...  CODY GOODKNIGHT IN CHATTANOOGA, OKLAHOMA SAYS THE SORGHUM IS A  LITTLE OVER HALF HEADED OUT AND MOST OF THE CROP IS IN GOOD CONDITION  IN HIS AREA. A NICE SHOWER OVER THE WEEKEND HELPED.  USDA SAYS 73 PERCENT OF OKLAHOMA'S SOYBEAN CROP IS RATED GOOD TO  AND NOW HERE ARE SOME HOMETOWN TEMPS.  VISIT FARM JOURNAL PRO.COM.  TRUSTED ANALYSIS, PROFESSIONAL INSIGHT. FARM JOURNAL  PRO.COM. 

TEASE
WHEN WE COME BACK WE'LL TALK ABOUT THE RECENT BUMP IN GRAINS PRICES  AND WHETHER THE WEATHER MARKET RALLY IS OVER FOR THIS SUMMER? AND LATER THIS MISSOURI MAN SERVED HIS COUNTRY..NOW AHEAD OF JULY 4TH HE'S TAKING TIME TO REMIND AMERICA ABOUT BEING SAFE THIS HOLIDAY  WEEKEND. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

FLOOR OF THE CME
IN AGRIBUSINESS PLENTY OF GREEN ON THE BOARD IN CHICAGO INCLUDING  ANOTHER BIG DAY FOR SPRING WHEAT. LETS GET DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. HI GRAIN MARKETS BASICALLY NOT DOING A WHOLE HECK OF A LOT HERE TODAY.  THE TWO MARKETS THAT ARE ARE ARE DOING SOMETHING ARE THE WHEAT AND  THE RICE MARKETS RICE. BREAKING OUT FROM WHAT APPEARS TO BE A BIT OF  OLD FLAG. IF SO IT SHOULD HOLD THE CURRENT PRICES UP ABOUT 15 CENTS OR  SO AND CONTINUE TO MARCH HIGHER AS WE GO THROUGH THE REPORTS AT THE  END OF THE WEEK LOOKING AT THE WEEK. REALLY IT'S BEEN MINNEAPOLIS  THAT'S BEEN THE LEADER AND CONTINUES TO JUST CHUGGING ALONG NOW  ABOVE $7 AND APPROACHING SOME LONGER TERM TECHNICAL TARGETS UP  AROUND 725 TO 750. THAT'S HELPED THE CHICAGO HARD RED AND SOFT RED  WINTER MARKETS PULLED SOME FIRMNESS TOGETHER BOTH THOSE MARKETS  ARE HOLDING TOGETHER IN A SENSE BUT REALLY RELYING ON MINNEAPOLIS FOR  STRENGTH. IT'S BEEN A FIRE DAY IN BOTH THE COW AND HOG MARKETS CATTLE  MARKETS SHOWING SOME SLIGHT SIGNS OF RECOVERY DESPITE THE FACT THAT  THE BEEF MARKET IS UNDER SOME PRESSURE HERE TODAY AND THE  ELECTRONIC AUCTION FOR A LIVE CATTLE TRADED SOMEWHAT LOWER TODAY  ACTUALLY 119 120 WHERE THE PRICE IS BEING PAID. THAT'S WEAKER THAN LAST  WEEK AND IT'S THE SECOND WEEK IN A ROW THAT WE'VE HAD SOME  SIGNIFICANTLY LOWER PRICES. SO IT APPEARS THAT THE LIVE CATTLE MARKET  REALLY KIND OF LIVING ON BORROWED TIME RIGHT NOW. THANKS VERY MUCH.  THIS IS JACK'S SCOVILLE VICE PRESIDENT OF PRICE FUTURES GROUP HERE ON  THE CME GROUP FLOOR WITH SOME COMMENTS FOR THE MARKETS TODAY.

AGRIBUSINESS
"HERE WITH ME AT THE AGRIBUSINESS DESK IS ELAINE KUB AUTHOR OF  MASTERING THE GRAIN MARKET ELAINE LET'S TALK ABOUT THIS WEATHER  MARKET WEATHER BUMP THIS SPEED BUMP AND POTHOLE MAYBE THAT WE HAD  IN JUNE IS YOU KNOW A YEAR AGO WE HAD A BIG RUN THIS YEAR IT SEEMS LIKE IT WAS JUST THIS BIG. YEAH. AND IT'S QUITE QUITE EXPECTED. THIS IS THE TIME OF  YEAR WHEN YOU GET LIKE ONE GOOD WEATHER RALLY ONE GOOD SUMMER  RALLY AND IT'S TERRIFYING TO THINK THAT MAYBE THAT WAS IT THAT WE JUST  SAW IT BUT THAT ONE DIDN'T EVEN PULL THE SPECULATORS OUT OF THEIR NET  SHORT POSITION THEY WERE STILL BEARISH. THEY HAD ONE BIG DAY OF SHORT  COVERING BUT THEN THAT WAS IT. THEN THEY JUST WENT BACK TO SELLING. SO I  THINK THERE'S STILL POTENTIAL FOR THAT. AND I THINK GIVEN THE LATENESS OF  THE CROP GIVEN THE WAY THAT THE ENTIRE AGRONOMIC POTENTIAL IS JUST  GOING TO BE A FEW WEEKS LATER THIS YEAR THAN PREVIOUS YEARS MAYBE WE  WILL BE LOOKING MORE INTO EARLY JULY THAN LATE JUNE FOR THAT ONE GOOD  SUMMER RALLY. OK SO WE'RE NOT IT'S NOT TIME TO GIVE UP YET. BUT WHEN YOU  START LOOKING AT THE CROP AS A WHOLE AROUND THERE'S A LOT OF LITTLE  POCKETS OR MAYBE THEY'RE NOT LITTLE POCKETS BUT BIG POCKETS WHERE  THERE WAS TROUBLE IN THE SPRING SEASON. YES SO THERE'S A PHENOMENON  BACKYARD ITIS RIGHT. LOOK IN YOUR OWN BACKYARD YOU THINK THAT THE  ENTIRE MARKET SHOULD BE REACTING TO THIS THING AND EVEN IN MY  BACKYARD IT'S DROUGHT. AND IN A LOT OF BACKYARDS IN THE CORN BELT IT'S  WET WEATHER WET ROOTS AND TROUBLES FROM THAT. SO THERE'S LOTS OF  THESE THINGS WITH DIFFERENT PROBLEMS. THERE'S A FEW AREAS THAT ARE  PROBABLY GOING TO HAVE RECORD YIELDS FOR SURE. BUT THERE'S ENOUGH OF  THESE LITTLE PROBLEMS SCATTERED AROUND THAT I THINK WE'VE DEFINITELY  TAKEN THE RECORD BREAKING POTENTIAL OFF OF THE U.S. CROP IN 2017. OK SO  WHAT DOES THAT MEAN IF WE IF WE'VE TAKEN THAT RECORD BREAKING  POTENTIAL OFF AS WE GET TOWARDS HARVEST IS THAT WHEN WE START TO SEE  MAYBE WE COULD SEE A LITTLE MORE MOMENTUM. YEAH I THINK SO. I MEAN WE  NEED TO SEE OR THE SPECULATORS MIGHT WANT TO SEE USDA PROJECTIONS  BRINGING THAT CORN YEILD DOWN IF USDA PROJECTS CORNEEL BELOW 170 I THINK THAT CONFIRMATION COULD START TO SPOOK THAT SPECULATIVE SIDE OF  THE MARKET OR IT WILL BE SOMETHING WE WATCH. APPRECIATE IT. THANK YOU  VERY MUCH. WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE. " 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! 

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN MIKE AS  WE LOOK AT THE WEATHER MAP TRYING TO MAKE SENSE OF WHERE STORMS  ARE GOING TO POP UP AND WHERE THEY AREN'T. WELL AND THAT'S THE HARD  PART THIS TIME OF YEAR OBVIOUSLY YOU CAN GET SOME BIG COMPLEXES OF  STORMS BUT TYPICALLY IT'S MORE HIT AND MISS. OF COURSE A TROPICAL LIKE  SYSTEM IN THE SOUTHERN PORTIONS OF THE MISSISSIPPI VALLEY WILL PUT  DOWN SOME PRETTY GOOD RAINS IN A LARGE AREA AS IT MOVES NORTHWARD  THEN EASTWARD. BUT AS THESE TWO SYSTEMS HERE WESTERN GREAT LAKES  BACK INTO BASICALLY KANSAS AND NEBRASKA WE'RE JUST GOING TO HAVE TO  WATCH FOR THE BIG THUNDERSTORMS DEVELOPING AND OUR COMPUTER  MODEL WILL SHOW SEVERAL POCKETS OF THEM DEVELOPING OVER THE NEXT 36  TO 48 HOURS. SOUTHERN SYSTEM MOVES INLAND IT'S NOT GOING TO BE A  TROPICAL STORM OR ANYTHING BUT ANY TIME YOU GET TROPICAL MOISTURE  INVOLVED IT CAN PUT DOWN SOME PRETTY HEAVY RAINS AND WE HAVE A  LINGERING SYSTEM KIND OF DIVING INTO THE NORTHERN PLAINS THAT WILL  PRODUCE SOME SHOWERS AS WELL. NOW HEADING THROUGH TOMORROW  MORNING FIRST SYSTEM MOVING THROUGH MAINE SECOND ONE TO THE  NORTHWEST OF CHICAGO. THAT WILL CONTINUE TO MOVE OFF TO THE  NORTHEAST AS YOU CAN SEE AND JUST TO KIND OF AREAS OF SHOWERS AND  THUNDERSTORMS THROUGHOUT THE I 80 CORRIDOR BASICALLY OVER THE NEXT  36 TO 48 HOURS ALONG WITH THAT SYSTEM DOWN SOUTH. SO THERE'S A  PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. YOU CAN SEE ALREADY  SOME HEAVIER AMOUNTS IN SOME OF THOSE BIG THUNDERSTORMS THAT  DEVELOP ALSO SOME HEAVY AMOUNTS ALONG THE COAST OF LOUISIANA ADDING  IN THE NEXT 36 HOURS. WE WILL CONTINUE TO SEE SOME POCKETS OF PRETTY  HEAVY PRECIPITATION ACROSS NORTHERN AND CENTRAL MISSISSIPPI VALLEY  AND OF COURSE THE SOUTHERN MISSISSIPPI VALLEY WITH THAT TROPICAL LIKE  SYSTEM DOWN THERE. SO THAT'S THAT'S A FAIR AMOUNT OF RAIN IN PLACES. BUT  OF COURSE OTHER PLACES DON'T GET MUCH AT ALL AS YOU CAN SEE THERE.  HIGH TEMPERATURES THIS AFTERNOON 90S AND  100S FOR WESTERN TEXAS  INTO THE SOUTHERN PLAINS BUT 60S AND 70S NORTHERN PLAINS NORTHERN  GREAT LAKES AREA. SO THAT'S A LITTLE BIT ON THE COOL SIDE IT IS GOING TO  WARM UP AND BECOME MORE HUMID THAN YOU'VE SEEN RECENTLY OVER THE  CENTRAL MISSISSIPPI VALLEY AND INTO THE OHIO VALLEY. YOU CAN SEE LOWS  TONIGHT ONLY IN THE LOW TO MID 70S IN THOSE AREAS. BUT STILL CHILLY  ACROSS THE DAKOTAS. HIGH TEMPERATURES TOMORROW AFTERNOON COOLS DOWN A LITTLE BIT IN THE PANHANDLE OF TEXAS AND THAT HEAT STARTS TO  MOVE A LITTLE BIT FARTHER TO THE SOUTH AND EAST. THERE IS A JET STREAM  AS WE HEAD THROUGH TIME WE ARE GOING TO SEE SOME SMALL LITTLE RIPPLES  KEEPING THINGS ON THE COOLER SIDE ACROSS MANY PARTS OF THE NORTHERN  STATES. BUT I DON'T SEE IT BEING AS COOL AS IT HAS BEEN RECENTLY AND MUCH  OF THAT AREA AND YOU CAN SEE BY THE MIDDLE AND LATTER PARTS OF NEXT  WEEK THE JETSTREAM IS PRETTY FAR NORTH. THAT COULD PUT SOME PRETTY  GOOD HEAT FOR THE SOUTHERN HALF OF THE COUNTRY WITH SOME UPS AND  DOWNS. FARTHER NORTH THAT'S A LOOK ACROSS THE COUNTRY NOW. HERE ARE  SOME LOCAL FORECASTS. FIRST OF ALL LA JUNTA COLORADO PARTLY SUNNY  AND HOT MAYBE AN AFTERNOON THUNDERSTORM HIGH OF 96. ROCKFORD  ILLINOIS WARM AND MORE HUMID A THUNDERSTORM AROUND HIGH OF 84. AND  FINALLY AIKEN SOUTH CAROLINA SPOTTY AFTERNOON THUNDERSTORM HIGH OF  84. 

TEASE
WHEN WE COME BACK A CHECK ON CATTLE MARKETS AND RECENT TRENDS FOR  BULL BUYERS. AND LATER, STAYING SAFE THIS INDEPENDENCE DAY. A REMINDER ABOUT FIREWORK SAFETY FROM A SOLDIER IN MISSOURI.

DROVERS TV
ON DROVER'S TV, THE LATEST STERLING PROFIT TRACKER SHOWING A DRAMATIC  SHIFT IN PROFITS FROM FEEDERS TO PACKERS. FALLING CASH PRICES ARE BIG PART OF THE REASON. FEEDYARD MARGINS DROPPING TO 285 DOLLARS PER HEAD--THAT'S DOWN MORE  THAN 150 DOLLARS IN THE LAST WEEK ALONE. CATTLE PRICES ARE OFF 15 BUCKS IN THE PAST TWO WEEKS. CURRENTLY CASH PROFIT MARGINS FOR COW-CALF PRODUCERS THIS YEAR IS  SET TO AVERAGE $111 PER COW. THOSE TIGHTER MARGINS AT THE RANCH ARE BLEEDING OVER INTO THE BULL  MARKET..OVER THE PAST YEAR. SELLERS SAY WHILE BULL MARKETS WERE HOT IN 14 AND 15 DURING THE PEAK  OF CATTLE PRICES, BY FALL OF LAST YEAR--CUSTOMERS BEGAN PULLING BACK. BUT A BETTER THAN EXPECTED PRICE RALLY THIS SPRING HAS ENTICED BUYERS  BACK INTO THE BULL MARKET...HOWEVER SHOPPERS ARE MORE SELECTIVE. MARK GARDINER/GARDINER ANGUS RANCH: "AND AS WE LOOK AT THE BULLISHNESS OF THE BEEF  BUSINESS AND WE LOOK AT BETTER PRICES THAT WE'VE ALL ENJOYED THAN WHAT WAS EXPECTED. WE'VE  SEEN PEOPLE REINVESTING AND WE'VE SEEN INCREASED DEMAND AND WE'VE ALWAYS FELT THIS WAY  IN OUR FAMILY THAT PEOPLE WILL INVEST IN GENETICS THAT WILL MAKE THEM MONEY. IF THOSE TODAY ARE  AVAILABLE AND IF THEY'RE THEY'RE NOT GOOD ENOUGH THEY'RE NOT GOING TO BID AT ANY PRICE." THE GARDINERS FACED THEIR OWN CHALLENGES THIS SPRING--A MASSIVE  WILDFIRE BURNED STRAIGHT ACROSS THEIR PROPERTY. MARK'S HOUSE WAS DESTROYED ALONG WITH NEARLY 250 MILES OF FENCING.  A MAN WHO GREW-UP IMPOVERISHED IN HIS HOME COUNTRY OF NIGERIA - RISING TO LEADERSHIP ROLES IN THAT SAME COUNTRY - IS THIS YEAR'S  LAUREATE OF THE WORLD FOOD PRIZE. AKINWUMI ADESINA RECEIVED THE HONOR  FOR HIS WORK AS A REFORMER AND LEADER OF THE AGRICULTURAL SECTOR IN  AFRICA.  HE IS CURRENTLY PRESIDENT OF THE AFRICAN DEVELOPMENT BANK  GROUP. THE WORLD FOOD PRIZE IS OFTEN REFERRED TO AS THE NOBEL PRIZE FOR  FOOD AND AGRICULTURE. IT IS THE HIGHEST INTERNATIONAL HONOR  RECOGNIZING THE ACHIEVEMENTS OF THOSE WHO HAVE ADVANCED HUMAN  DEVELOPMENT BY IMPROVING THE QUALITY, QUANTITY AND AVAILABILITY OF  FOOD IN THE WORLD.  THE PRESIDENT OF THE WORLD FOOD PRIZE MADE THE ANNOUNCEMENT  MONDAY DURING A CEREMONY AT USDA HEADQUARTERS IN WASHINGTON. AMB. KENNETH QUINN:  "OUR LAUREATE HAVEN'T GROWN UP IN POVERTY HIMSELF LEARN THE CRITICAL  VALUE OF EDUCATION AND HAVING ATTAINED A COLLEGE DEGREE IN HIS HOME COUNTRY. HE THEN OBTAINED GRADUATE DEGREE FROM PURDUE UNIVERSITY AND THEN EMBARKED ON A JOURNEY  TO USE HIS ACADEMIC TRAINING TO AS HE SAID LIFT UP MILLIONS OF PEOPLE OUT OF POVERTY ESPECIALLY  FARMERS IN RURAL AFRICA."  USDA SEC. SONNY PERDUE; "I WANT TO JUST TELL YOU THAT WHAT HE DID  AND WHAT HE HAS DONE I THINK FITS RIGHT IN WHAT WE'RE TRYING TO DO EVERY USDA BECAUSE WE ALL  HAVE A CHALLENGE TO NOT GO AT A SCENE AND KNOWS THAT OUR WORK IS NOT DONE. THE CHALLENGE  OF FEEDING 9 BILLION PEOPLE IN JUST A VERY SHORT TIME WILL CONTINUE AS WE ADDRESS THE HUNGER  ISSUE. WE'VE ADOPTED A NEW MOTTO FOR THE UNITED STATES DEPARTMENT OF AGRICULTURE AND I  THINK IT FITS A VERY NOBLE AND VERY APPROPRIATELY WITH THAT AT THE SCENE HIS WORK AND THAT IS DO  RIGHT AND FEED EVERYONE." AD-UH-SEEN-UH WAS APPOINTED AS MINISTER OF AGRICULTURE FOR NIGERIA IN  2011 AND SPOKE OF NIGERA'S NEED TO UNLOCK ITS AGRICULTURAL POTENTION. AD-UH-SEEN-UH JOINS TWO OTHER FACULTY MEMBERS FROM PURDUE  UNIVERSITY WHO RECEIVED THE WORLD FOOD PRIZE. GEBISA EJETA RECEIVED  HIS IN 2009.  PHILIP NELSON WAS NAMED LAUREATE IN 2007. AS THE FOURTH OF JULY APPROACHES, FIREWORKS ARE ALREADY POPPING  AROUND THE COUNTRY. NEXT MEET A MISSOURI MAN WHO'S FAMILIAR WITH  LARGE EXPLOSIONS...BUT HE TOO IS A VICTIM OF FIREWORKS.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA'S FULL LINE OF FIELD-PROVEN HAY TOOLS.  EXPLORE THE FULL  LINE UP AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER TODAY.  FIREWORKS CAN BE FUN AND PATRIOTIC AROUND INDEPENDENCE DAY  FESTIVITIES.  BUT IT'S ALWAYS IMPORTANT TO BE CAREFUL. KENT FADDIS WITH THE UNIVERSITY OF MISSOURI HAS THE STORY OF A MARINE  WHO LEARNED A DIFFICULT LESSON ON THE 4TH AND IS CHANGING THE WAY HE  CELEBRATES. PATRICK FLEENOR HAS A LOVE OF TARGET PRACTICE. THE FORMER MARINE IS NO STRANGER TO  DANGEROUS SITUATIONS….SHOOTING GUNS AND BEING AROUND EXPLOSIVES.  AFTER HIS TOUR OF DUTY  WAS OVER, FLEENOR WANTED TO MAKE SOME NOISE…ON THE 4TH OF JULY."I HADN'T LITE FIREWORKS IN  FIVE OR SIX YEARS, I WAS ACTUALLY REALLY REALLY EXCITED, BARBEQUE, BLOW STUFF UP AND CELEBRATE  AMERICA." BUT THE CELEBRATION TURNED TRAGIC. "NEXT THING I KNOW I AM COVERING MY EYE IN A LOT  OF PAIN." ACCORDING TO THE CONSUMER PRODUCT SAFETY COMMISSION, IN 2015  11 PEOPLE DIED  FROM USING FIREWORKS, WHILE MORE THAN 11,000 PEOPLE WERE TAKEN TO THE HOSPITAL.      A UNIVERSITY OF MISSOURI HEATH CARE BURN SURGEON SEES ABOUT A DOZEN PATIENTS INJURED BY  FIREWORKS AROUND THE 4TH OF JULY."THEY ARE IN FACT EXPLOSIVES AND CAN RANGE FROM SEVERAL  HUNDRED AGREES TO 1000 OR MORE DEGREES IN THE TEMPERATURES THAT THEY GET." INJURIES CAN  HAPPEN IN THE BLINK OF AN EYE. "THE FIREWORK BLEW UP SOON AS I LIT IT AND I DIDN'T HAVE TIME TO  TURN AROUND AND RUN AWAY OR ANYTHING." A FAULTY FUSE CAUSED THE FIREWORK TO EXPLODE DIRECTLY  INTO FLEENOR'S EYE. "I DID FOUR YEARS OF YOU KNOW SHOOTING MACHINE GUNS AND BEING IN HARM'S  WAY, YOU CAN SAY AND NEVER EVEN CAME CLOSE TO AN INJURY LIKE THAT." ALMOST A YEAR AFTER THE  ACCIDENT, FLEENOR CAN BARELY SEE ANYTHING OUT OF HIS LEFT EYE.  BUT THE FORMER MARINE REMAINS  THANKFUL. "IT COULD HAVE BEEN MUCH WORSE."  FROM THE UNIVERSITY OF MISSOURI, KENT FADDIS REPORTING. 

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.  

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