AgDay Daily Recap -June 5, 2017

June 5, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JUNE 5, 2017


HEADLINES
"I'M MICHELLE ROOK.  THE TRUMP ADMINISTRATION HAS TURNED UP THE  HEAT ON REGULATORY REFORM AND IT'LL START RIGHT HERE AT USDA. " IN  AGRIBUSINESS....PREPPING FOR THE TRADING WEEK AHEAD. MACHINERY PETE IS LOOKING INTO THE DISTANT FUTURE FOR AUCTION PRICES. AND IT'S BEAST  FEAST IN TENNESSEE-- THIS WILD DINNER IS HELPING RAISE MONEY FOR A GOOD  CAUSE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

REGULATIONS IN WASHINGTON
GOOD MORNING I'M CLINTON GRIFFITHS.  FOR THE LAST SEVERAL YEARS FARMERS HAVE CITED THE INCREASING NUMBER  OF REGULATIONS AS ONE OF THE BIGGEST CHALLENGES FACING THEIR  BUSINESS.  HOWEVER, A NEW ADMINISTRATION APPEARS TO BE TRYING TO CHANGE THAT. MICHELLE ROOK LOOKS AT WHAT FARM GROUPS AND THE ADMINISTRATION ARE  TARGETING FOR REFORM AND HOW FAST REGULATIONS CAN BE UNWOUND.  (:02) MICHELLE STANDUP – WHILE PRESIDENT TRUMP HAS ALREADY USED EXECUTIVE ORDER TO ROLL  BACK SOME OF THE REGULATIONS COSTLY TO AGRICULTURE.  MORE REFORM IS ON THE WAY AND IT MAY  START RIGHT HERE AT USDA. AG SECRETARY SONNY PERDUE IS CHAIRING AN INTERAGENCY TASK FORCE CHARGED WITH RESETTING  THE REGULATORY TONE IN AGRICULTURE. U.S. AGRICULTURE SECRETARY SONNY PERDUE, "WE'RE GONNA DO THAT THROUGH FACT BASED  DECISION MAKING, GOOD SOUND SCIENCE.  COMMON SENSE REGULATIONS….WE'RE NOT JUST TALKING  ABOUT THE WILD WEST FREE RANGE KIND OF DO ANYTHING."  10 SEC    THE HEAD OF EPA SAYS HE'S ALSO TRYING TO CHANGE THE AGENDA AT HIS AGENCY, FROM PESTICIDES TO CLIMATE CHANGE.  EPA ADMINISTRATOR SCOTT PRUITT, "GETTING BACK TO THE IMPORTANCE OF REGULATING, PROVIDING  CERTAINTY TO THOSE IN THE MARKETPLACE, BUT DOING SO WHEN WE'RE NOT PUTTING A THUMB ON THE  SCALES IN FAVOR OF CERTAIN FOLKS."  8 SEC  AND EPA IS ALREADY WORKING ON REFORM, INCLUDING BIOFUELS REGULATIONS. SCOTT PRUITT, EPA ADMINISTRATOR, "THE RVO TARGETS THAT ARE SET EACH YEAR IN NOVEMBER.  ROUTINELY THE EPA HAS MISSED THOSE TARGETS, THAT'S GONNA CHANGE."   5 SEC   WE'RE ALREADY IN  PROGRESS TO MEET THAT DEADLINE IN NOVEMBER TO PROVIDE CERTAINTY."  9 SEC    THE AGENCY IS ALSO ANALYZING IF PRUITT CAN GRANT A WAIVER TO ALLOW YEAR-ROUND E15 SALES. PRUITT, "THERE'S A STATUTORY ANALYSIS THAT'S ONGOING THAT WE'RE HOPEFULLY GOING TO CONCLUDE THAT  PROCESS VERY SOON.  I VERY MUCH HOPE THAT WE CAN GET THERE ITS JUST A MATTER OF WHETHER THE  STATUTE PERMITS IT OR NOT."  PLUS, EPA ALREADY TRIMMED THE BACKLOG OF PESTICIDE REGISTRATIONS FROM 1000 DOWN TO 500. PRUITT, "I MADE IT A PRIORITY COMING IN THAT WE NEEDED TO GET THAT BACKLOG CLEANED OUT AND  THEN MAKE SURE THAT WE HAVE CERTAIN TIMELINES TO GET CERTAINTY OUT IN THE MARKETPLACE." HOWEVER, FARM GROUPS HAVE A WHOLE HOST OF ADDITIONAL REGULATIONS THEY WANT REFORMED.   DAREN COPPOCK, AGRICULTURAL RETAILERS ASSOCIATION CEO, "WHETHER ITS REGULATIONS AT  OSHA, WHETHER ITS EPA STUFF.  WHETHER ITS TRANSPORTATION STUFF THERE IS A LONG LIST." (1:29) MARY KAY THATCHER, AMERICAN FARM BUREAU, SR. DIRECTOR OF CONGRESSIONAL RELATIONS,  "THE TOP OF OUR LIST WOULD STILL BE WATERS OF THE U.S. WE HAVE GOT TO GET THAT THING COMPLETELY  OVERTURNED SEE IF WE CAN GET IT MOVING AND GET THE COURTS TO RULE ONE WAY OR ANOTHER SOON." THE GIPSA RULES RELEASED AS THE OBAMA ADMINISTRATION LEFT OFFICE ARE A TOP PRIORITY FOR LIVESTOCK GROUPS. MICHEAL FORMICA, NATIONAL PORK PRODUCERS COUNCIL, DOMESTIC AFFAIRS AND COUNSEL, "IT WOULD OPEN UP THE FLOOD GATES TO REAL COSTLY LITIGATION THAT WOULD TARGET PACKERS." COLIN WOODALL, NATIONAL CATTLEMEN'S BEEF ASSOCIATION SR. VICE PRESIDENT OF  GOVERNMENT AFFAIRS, "IT SETS IT UP FOR ANYBODY WHO IS DISGRUNTLED TO FILE A LAWSUIT.  THE  PACKERS HAVE MADE IT VERY CLEAR THAT THEY'RE GOING TO GET A THREAT OF LITIGATION EVERY TIME THEY PAY FOR ONE PEN OF CATTLE VERSES ANOTHER THEY'RE GOING TO GO BACK TO COMMODITY PRICING."  HOWEVER, EVEN WITH ALL THE AGENCIES WORKING ON REFORM, IT MAY TAKE TIME TO UNRAVEL SOME OF  THE RULES.COPPOCK, "THINGS THAT HAVE BEEN IN PLACE FOR A LONG TIME THEY'LL HAVE TO GO THROUGH A RULE  MAKING OR EVEN STATUTORY CHANGES TO GET THE KIND OF FIX WE NEED TO HAVE DONE." IN WASHINGTON, I'M MICHELLE ROOK REPORTING FOR AGDAY. THE INTERAGENCY TASK FORCE PERDUE CHAIRS WILL BE APPLYING A STANDARD  OF SCIENCE BASED ANALYSIS TO EVERY REGULATION TO DETERMINE WHICH  ONES ARE ACTUALLY CREATING ECONOMIC ACTIVITY IN RURAL AMERICA VERSUS  WHICH ONES ARE HOLDING BACK ECONOMIC ACTIVITY.  THE RESULTS WILL BE  REPORTED IN 180 DAYS.   

PARIS CLIMATE DECISION
MEANWHILE SECRETARY PERDUE IS ALSO WEIGHING IN ON PRESIDENT TRUMP'S  DECISION TO PULL THE UNITED STATES FROM THE PARIS CLIMATE ACCORD. QUOTING NOW - "HE HAS RIGHTLY DETERMINED THAT THE PARIS ACCORD WAS  NOT IN THE BEST INTERESTS OF THE UNITED STATES." PERDUE GOES ONTO SAY - "THE EARTH'S CLIMATE HAS BEEN CHANGING SINCE  THE PLANET WAS FORMED." THE AG SECRETARY SAYS USDA REMAINS  "COMMITTED TO DIGGING EVER  DEEPER INTO RESEARCH TO DEVELOP BETTER METHODS OF AGRICULTURAL  PRODUCTION IN THAT CHANGING CLIMATE." MUCH OF THE WORLD REACTING MUCH DIFFERENTLY TO THE PRESIDENT'S  ANNOUNCEMENT. THE PARIS CLIMATE PACT INVOLVES 192 NATIONS AND INCLUDES VOLUNTARY  EMISSION REDUCTION GOALS. THE UNITED NATIONSL SAYS IT REMAINS CONFIDENT THAT ALL OF THE PARTIES  TO THE PARIS AGREEMENT WILL CONTINUE TO DEMONSTRATE VISION AND  LEADERSHIP TO REDUCE EMISSIONS...EVEN WITHOUT THE UNITED STATES. <STÉPHANE DUJARRIC, SPOKESPERSON FOR THE SECRETARY-GENERAL: "THE DECISION BY THE UNITED STATES TO WITHDRAW FROM THE PARIS AGREEMENT ON CLIMATE CHANGE IS A MAJOR DISAPPOINTMENT  FOR GLOBAL EFFORTS TO REDUCE GREENHOUSE GAS EMISSIONS AND PROMOTE INTERNATIONAL SECURITY."> BUT MANY IN COAL COUNTRY ARE APPLAUDING THE MOVE. COAL INDUSTRY  WORKERS - INCLUDING THOSE WHO HAVE BEEN LAID OFF - SAY THE PRESIDENT'S  DECISION COULD GIVE A BOOST TO THE STRUGGLING INDUSTRY. <BRYAN MARCUN, COAL POWER PLANT TECHNICIAN, LAID OFF FROM COAL MINE WHEN IT SHUT DOWN: "I DON'T THINK ANYBODY IS AGAINST CLEAN AIR, CLEAN WATER, CLEAN LAND, WE ALL WANT THAT, BUT YOU  KNOW, WHAT IS THE EVIDENCE, WHAT IS THE PRICE ECONOMICALLY OF ABANDONING THE RESOURCES WE  HAVE?"> ERIC LOUDEA. LAID-OFF COAL MINER: "WE'VE GOT CHINA OVER THERE BUILDING COAL POWER PLANTS  LEFT AND RIGHT, SO WHAT'S THE SENSE OF US BEING IN IT?"> OTHERS SAY THAT AMERICA CANNOT SUBSIDIZE OR HELP THE REST OF THE  WORLD AND HAS TO FOCUS ON ITS OWN CITIZENS FIRST.

HOUSE EGG-LAYING HENS
NOW TO THE COURTS, THE U.S. SUPREME COURT DENYING A PETITION BY  MISSOURI TO HEAR A CASE AGAINST CALIFORNIA BY SIX STATES.  LED BY MISSOURI, THE STATES SOUGHT TO OVERTURN A 2008 CALIFORNIA LAW  SETTING REQUIREMENTS FOR HOUSING EGG-LAYING HENS.  COMPLIANCE COSTS WERE ESTIMATED TO COST BETWEEN $25 AND $30 PER HEN  AT THE TIME.  THIS RULING REAFFIRMS A 2016 9TH CIRCUIT COURT OF APPEALS DECISION  AGAINST THE CHALLENGE. THE PARENT COMPANY OF JBS WILL PAY $3.2 BILLION IN A SETTLEMENT WITH  BRAZIL OVER BRIBERY AND CORRUPTION CHARGES.  MEAT INDUSTRY PUBLICATION MEATINGPLACE REPORTING THE FINE WILL BE PAID  OVER 25 YEARS AND IS THE LARGEST EVER IN A LENIENCY AGREEMENT  WORLDWIDE.  THE LENIENCY AGREEMENT ADDRESSES THE INVOLVEMENT OF THE COMPANY IN  A BRIBERY AND CORRUPTION SCHEME WITH BRAZILIAN POLITICIANS, REVEALED  BY COMPANY EXECUTIVES IN A PLEA BARGAIN DEAL IN APRIL. 

CROP COMMENTS
MIKE HOFFMAN JOINING US WITH A LOOK AT CROP COMMENTS. MIKE. GOOD MORNING, CLINTON.  LET'S START OFF IN TOLNA, NORTH DAKOTA.  DARRIN SCHMIDT SAYS THIS PICTURE EXPLAINS PLANT 2017.  EVEN THOUGH THE U.S. DROUGHT MONITOR SAYS THE WHOLE STATE IS  ABNORMALLY DRY WITH 24 PERCENT IN A MODERATE DROUGHT; SCHMIDT SAYS HIS AREA GOT 37 INCHES OF RAIN LAST SEASON BUT PLAN  AVERAGE SNOWFALL THISY EAR, WHICH MADE THE AREA PRETTY WET.  A VIEWER IN RICHLAND COUNTY, LOUSIANA  WRITING ON AGWEB, SOYBEANS AND COTTON ARE IN THE GROUND FOR THE  OPERATION.  LAST YEAR, 47-HUNDRED ACRES HIS FARM WAS BURIED UNDER ONE TO 12 FEET  OF WATER. HE HOPES THIS YEAR IS BETTER AND NOW HERE ARE SOME HOMETOWN TEMPS.  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! )

TEASE
WHEN WE COME BACK, ITS OUR WEEKLY ROUNDTABLE DISCUSSION WITH A  FOCUS ON THE MARKETING WEEK AHEAD.   AND LATER, MACHINERY PETE. "STICK AROUND FOLKS COMING UP WE'RE GOING TO TALK HARVESTERS VERY  NEW AND VERY OLD ONES." "I'M CHARLES DENNEY. GOT A TASTE FOR RACCOON OR SQUIRREL, OR HOW  ABOUT VENISON HEART? IT'S PART OF BEAST FEAST ON THE UNIVERSITY OF  TENNESSEE AG CAMPUS. THAT STORY COMING UP ON AGDAY.">

FLOOR OF THE CME
IN AGRIBUSINESS LAST WEEK SAW BIG MOVES IN CATTLE MARKETS. LETS SEE HOW THINGS ENDED FROM OUR FRIEND IN CHICAGO. HI GRAIN MARKETS GENERALLY TRADING HIGHER TODAY WITH SOYBEANS  LEADING THE WAY SOYBEANS AT ONE TIME 12 CENTS HIGHER HAVE GIVEN SOME  OF THAT RALLY BACK CORN AND WHEAT ALSO TRADING HIGHER ON THE DAY WE ARE STARTING TO HEAR ABOUT WHEAT YIELDS IN THE GREAT PLAINS AND THE  YIELD REPORTS HAVE BEEN KIND OF DISAPPOINTING TO GO ALONG SOME  REPORTS OF LOW TEST WEIGHTS SO REAL PROBLEM WITH THE WHEAT  ESPECIALLY THE GREAT PLAINS HARD RED WINTER WHEAT AND WE COULD SEE  THAT MARKET REALLY START TO TAKE OFF CATTLE CATTLE FUTURES SHARPLY  HIGHER AND HOGS TRADING BOTH SIDES OF UNCHANGED IN FRIDAY TRADING  CATTLE MARKET REACTING TO REPORTS OF VERY STRONG PRICES BEING PAID IN  THE CASH MARKET TO AUCTION MARKET FULLY UNDER WAY AND SOME REPORTS  OF 134 TO 135 BEING PAID IN THE COUNTRY FOR LIVE CATTLE THANKS VERY  MUCH THIS IS JACK SCOVILLE I'M VICE PRESIDENT OF PRICE FUTURES GROUP  HERE ON THE CME GROUP FLOOR WITH COMMENTS FOR THE MARKETS TODAY. 

AGRIBUSINESS
JIM MCCORMACK WITH ALENDALE AND JOHN PAYNE WITH DANIELS AG MARKETING OUR GUEST HERE  TODAY. LET 'S TALK ABOUT HOW WE GET READY FOR THIS WEEK AHEAD IN AND JIM WE'LL START WITH YOU  AS YOU SIT DOWN ON A MONDAY MORNING. WHAT ARE YOU THINKING WHAT I'M THINKING COME IN AND  MONDAY MORNING AS WE CHANGE THE CALENDAR WE'RE NOW MOVING INTO JUNE THE SPRINGS PASSED  THIS SUMMER 'S UPON US AND TELL YOU WHAT NORTHERN ILLINOIS IT'S LIKE WE FLIP THE SWITCH FROM A  QUESTION I'VE GOT RIGHT NOW IS THE TRADE IS KIND OF GOING TO GET PASSED HEY WERE NOT GETTING  THE CROP PLANTED TO HATE WHAT WE DO TURN DRIVE WITH A LOT OF GRAIN ON THE GROUND UNDER A LESS  THAN IDEAL CONDITIONS FOR I THINK THE TRADE IS SETUP FOR A RALLY AND I THINK YOU KNOW WE'RE GOING  TO BE SEEING THE FUNDS FLIP THE CALENDAR DO THEY START OUT LIGHTENING THIS MASSIVE OPPOSITION  AND I THINK WE'VE SEEN A AGRONOMICALLY IF YOU PUT A CROP IN KNOW WHAT FIELD AND THEN IT GETS DRY BOY THOSE TRENCH HAS BEEN OPENED BACK UP AND YOU CAN HAVE A PROBLEM JOHN WHAT ARE  YOU WATCHING THIS WEEK I'M GOING TO BE WATCHING THE LIVESTOCK MARKET I THINK THAT'S REALLY  WHERE THE CARDS ARE FLYING RIGHT NOW IN JUNE JUST GO OFF THE BOARD ON A RUN HEAVY CONTRACT  ESSENTIALLY TRADING ON A TRADING NEAR CONTRACT THIS IS THE SECOND TIME WE DONE THIS APRIL 'S THE SAME THING NOW TO BE AUGUST SITTING IN ABOUT OH TEN TO FIFTEEN DOLLARS INVERTED I LIKE THIS IT IS A  PARADISE A RISK OUT THERE YOU KNOW YOU CAN MAKE A REALLY GOOD DECISION UP HERE THAT LOOKS  GREAT SIX MONTHS FROM NOW OR YOU CAN MAKE A DECISION THAT REALLY HURT THE POCKETBOOK OF  THREE OR FOUR WEEKS FROM NOW A BE VERY CAREFUL I I STILL THINK THERE 'S SOME UPSIDE HERE I THINK  THOSE FEEDER CONTRACTS ARE BID FOR A REASON YOU KNOW DEMAND IS THERE A LITTLE BIT OF A  DIFFERENT MARKET THAN WE'VE SEEN LAST COUPLE OF YEARS WHERE SUPPLY HAS BEEN DRIVING THINGS  WITH THE BIG DROUGHT THIS IS DEMAND CHINESE DEMAND INDIA IS NOT IN THE MARKET ANY MORE  WE'LL HAVE HAVE THE CASH PRICE IS THERE 'S ALL THE SUN POPPING SO IT 'S COMPLETELY SWITCHED  FROM WHERE WE WERE SIX MONTHS AGO JIM IS A LOOK AT FUNDAMENTALS IN THE GRAIN MARKETS AND  WHAT STRIKES YOU I MEAN OBVIOUSLY BRAZIL SOUTH AMERICA THERE 'S A BIG CROP YEAH. WHAT STRIKES  ME. THE BIGGEST THING IS WE WITH THE FARM FIRST AS OPTIMISM THE RALLY BUT YOU GOT A THING REALITY  CHECK OF THE WORLD HAS HAD A PHENOMENAL RUN OF GOOD LUCK AS A NATION AS COUNTRIES  PRODUCING CROP PRETTY MUCH OVER SUPPLIED. AND THAT 'S THE REALITY CHECK IS THAT 'S GOING TO  KEEP RALLIES IN CHECK ON THE BRAZILIAN ARGENTINE A COMBINE IS LIKE ONE POINT SIX BILLION BUSHELS A BIGGER THAN IT WAS A YEAR AGO THAT A LOT OF COMPETITION ABSOLUTELY THAT WE GOT TO FACE ALL  RIGHT WELL THERE 'S A LOT OF FACE AS WE START A NEW MONTH AND GET READY FOR SUMMER GENTLEMEN  FOR BEING THERE WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN. MIKE AS WE START ANOTHER WEEK WE'RE  KIND OF TRYING TO SEE IF THERE 'S ANY CHANGE TO THE PATTERN HERE AND I THINK THERE IS I THINK AT  LEAST FOR THIS WEEK WE'RE GOING TO SEE DRIER CONDITIONS ACROSS MOST OF THE COUNTRY WHETHER  THAT TREND CONTINUES OR NOT THAT 'S THE BIG QUESTION AS YOU CAN SEE STILL HAVE THAT CUT OFF AS  WE HEAD THROUGH THE EARLY PARTS OF THIS WEEK IN THE NORTHEAST KEEP IT IN ON THE COOL SIDE AND  THAT KIND OF EXTENDS DOWN INTO THE SOUTHERN PLAINS IN THE SOUTHEAST AS WELL KEEPING  TEMPERATURES A LITTLE BIT LOWER THAN NORMAL NOW HERE 'S WHERE THINGS HAVE CHANGED OVER THE  PAST COUPLE OF DAYS EARLIER LAST WEEK WE SAW ALL THIS CUT OFF RIGHT THERE DIVING INTO THE GREAT  LAKES BY LATER THIS WEEK THAT'S NO LONGER SHOWING UP ON THE COMPUTER MODELS SO AS WE HEAD  THROUGH THE MIDDLE THE WEEK THAT SHOW IT WAY UP IN CANADA STILL THE CUT OFF A LITTLE BIT ALONG  THE EAST COAST AND THEN BY THE END OF THE WEEK IT'S MORE OF A RIDGE BUILDING ACROSS A GOOD  CHUNK OF THE COUNTRY JUST SOME WEAKNESS ALONG EAST COAST AND A BIG CUT OFF TRYING TO COME  INTO THE WEST COAST AND THAT 'S THE WAY IT LOOKS AS WE HEAD THROUGH THE WEEKEND AND IN THE  NEXT WEEK WITH A HUGE RIDGE COME INTO MUCH OF THE MIDDLE OF THE COUNTRY THAT WILL BEGIN TO  DRY THINGS OUT SO TEMPERATURES THIS WEEK I'M GOING BELOW NORMAL FROM EASTERN TEXAS ALWAYS OR MOST OF THE SOUTHEAST AND UP AND DOWN THE EASTERN SEABOARD NOW A LOT OF THIS IS GOING TO  BE EARLIER IN THE WEEKEND IT WILL GRADUALLY BECOME CLOSER TO NORMAL LATER IN THE WEEK ABOVE  NORMAL THOUGH FROM MINNESOTA BACK THROUGH MONTANA EASTERN WASHINGTON ALL THE WAY  SOUTHWARD INTO THE FOUR CORNER REGION THE NORTHWESTERN PORTIONS OF MEXICO PRECIPITATION THIS  WEEK I'M GOING BELOW NORMAL FOR A HUGE CHUNK OF THE COUNTRY INCLUDING THE ENTIRE CORN BELT  ALL THE WAY DOWN THROUGH THE SOUTHERN PLAINS ESPECIALLY NORTH OF WEST TEXAS INTO MUCH OF THE  INTER MOUNTAIN REGION ABOVE NORMAL FOR THE NORTHEAST SOUTHEAST AND THE GULF COAST REGIONS  LET 'S GO THROUGH THE NINETY DAY OUTLOOK MONTH BY MONTH THERE 'S MY FORECAST FOR JUNE  TEMPERATURES I'M STILL GOING TO KEEP A POCKET OF BELOW NORMAL THROUGH THE MIDDLE MISSISSIPPI  VALLEY OHIO AND TENNESSEE VALLEYS BACK INTO THE CENTRAL PLAINS ABOVE NORMAL OUT WEST ALSO  WE'LL SHRINK THAT BELOW NORMAL AREA DOWN TO JUST A SMALL AREA. THERE KIND OF WHERE THE OHIO  VALLEY AND THE MISSISSIPPI VALLEY CONVERGE FOR JULY ABOVE NORMAL THEN DEVELOPING IN THE NORTHEAST SOUTH FLORIDA AND THAT WESTERN THIRD. IF NOT HALF OF THE COUNTRY AS WE HEAD IN ALL THIS  THAT I'M TAKING A BELOW NORMAL AREA OUTGOING NEAR NORMAL FOR MOST OF THE CORN BELT ABOVE  NORMAL THAN FOUR OTHER CENTRAL AND SOUTHERN PORTIONS OF THE ROCKIES THE SOUTHEAST EASTERN  SEABOARD AND EASTERN CANADA PRECIPITATION AND THIS IS ALWAYS TOP OVER A NINETY DAY PERIOD  YOU CAN GET SOME HEAVY THUNDERSTORMS JUST GONNA BLOW THE NORMAL 'S OUT OF WATER BUT YOU'LL  NOTICE I'M GOING ABOVE NORMAL FOR A GOOD CHUNK OF THE MIDDLE OF THE COUNTRY RIGHT DOWN  THROUGH THE MISSISSIPPI VALLEY NEAR NORMAL IN THE EAST AND NEAR NORMAL FOR MOST OF THE  MOUNTAINS AND THE WEST COAST THAT 'S A LOOK ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT  SOME LOCAL FORECASTS FIRST OF ALL BUTTE MONTANA A MIX OF SUNSHINE AND CLOUDS HIGH JUMP OF  SIXTY NINE DEGREES GREENVILLE MISSISSIPPI A SHOULD SAY HE LED WITH A THUNDERSTORM IN SOME  AREAS HIGH OF EIGHTY SEVEN AN ANNAPOLIS MARYLAND. A SHOWER OR THUNDERSTORM AROUND  AFTERNOON HIGH OF EIGHTY ONE

WEATHER
NEW EQUIPMENT IS HITTING THE MARKET--BUT WHAT WILL IT'S USED VALUE BE  WHEN YOUR CHILDREN OR GRANDCHILDREN ARE LOOKING TO BUY ONE  AUCTION...MACHINERY PETE HAS SOME THOUGHTS..NEXT. AND LATER, SOME INTERESTING CRITTERS ARE BEING SERVED UP IN  TENNESSEE--FOR A GOOD CAUSE OF COURSE. THAT STORY ON IN THE COUNTRY.

MACHINERY PETE
AS NEW EQUIPMENT MAKES ITS WAY TO MARKET, OUR OWN MACHINERY PETE  PULLS OUT THE CRYSTAL BALL -- LOOK AHEAD TO AUCTION PRICES IN THE  DISTANT FUTURE. GREG. "WELL 27 AND HALF YEARS NOW COVERING THE USED FARM MACHINERY MARKET  ONE THING THAT ALWAYS GETS ME FOLKS CONTRAST AND PROBABLY NO BETTER  EXAMPLE THAN I'VE EVER SEEN WAS LAST WEEK END OF LAST WEEK SO  THURSDAY IN MOLINE JOHN DEERE UNVEILED THEIR NEW S700 SERIES  COMBINES WITH THEIR NEW HEADERS AND HERE'S A PICTURE OF THE NEW S780 COMBINE WE POSTED A VIDEO OF THIS ON THE RELEASE DAY YOU CAN WATCH  THAT ON OUR MACHINERY PETE DOT COM WEBSITE NOW LATER THAT SAME DAY  LAST THURSDAY I POSTED ANOTHER VIDEO AND HERE'S A PICTURE OF WHAT WE  FEATURED IT WAS A FARMALL C WITH A 14M ONE ROW MOUNTED PICKER THAT  SOLD ON A FARM AUCTION IN NORTH EAST MISSOURI AMAZINGLY INTENSE  BIDDING ACTION ON THIS THING SOLD FOR 8500 DOLLARS AND I THINK BACK ALSO  TO MAY 20TH WHEN WE SAW THIS COMBINE AN INTERNATIONAL 91 WITH A 8 FOOT  HEADER SOLD FOR 5250 DOLLARS ON AN AUCTION IN SOUTHEAST PENNSYLVANIA  NOW WHEN I SEE THESE OLD HARVESTERS SELL WHAT IT MAKES ME WONDER IS  WHAT WILL THAT S780 SELL FOR 50 60 YEARS FROM NOW AND WHO WILL BUY IT  NOW I'M 51 YEARS OLD 50 YEARS FROM NOW I'LL BE 101 I HOPE I'M AROUND TO  FIND OUT. " THANKS GREG.

TEASE
IF THAT DIDN'T WET YOUR APPETITE, MAYBE THIS WILL--BEAST FEAST IN  TENNESSEE IS NEXT.

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.IF YOU'RE HUNGRY – AND HAVE A SENSE OF ADVENTURE – WILD GAME MIGHT BE  A TASTY TREAT FOR SUPPER.   SOME STUDENTS AT UNIVERSITY OF TENNESSEE'S INSTITUTE OF AGRICULTURE  HOLD A WILD GAME DINNER EVERY YEAR TO RAISE MONEY FOR THEIR  ORGANIZATION. UT'S CHARLES DENNEY TAKES US TO 'BEAST FEAST,' WHERE THE  MAIN ENTREES ARE A BIT OUT OF THE ORDINARY.  THEY'RE FIRING UP THE GRILLS ON THE UT AG CAMPUS, BUT NOT A HOT DOG IN SIGHT.  YOU WILL FIND  BURGERS, BUT VENISON, NOT BEEF.  SUFFICE IT TO SAY THIS COOKOUT WAS NO VEGETARIAN DELIGHT. (NAT  – GOOSE WRAPPED IN BACON)  WELCOME TO 'BEAST FEAST,' THE UNOFFICIAL NAME FOR THE ANNUAL  WILD GAME DINNER PREPARED BY WILDLIFE AND FISHERIES STUDENTS AT UT'S INSTITUTE OF AGRICULTURE.   ON THE MENU? (JOSHUA ALSTON)  "THIRTEEN DEER, FIFTEEN RACCOONS, THIRTEEN BEAVERS, SIX PIGS,  SOMEWHERE AROUND 25 SQUIRRELS, JUST A FEW POSSUMS, SO IF YOU GET A POSSUM, YOU'RE LUCKY  THIS YEAR." STUDENTS LIKE JOSHUA ALSTON HUNTED, TRAPPED AND COOKED SUPPER – A MEAL DAVY  CROCKETT MIGHT HAVE ENJOYED IN CENTURIES PAST.  (CHARLES DENNEY)  "2017 MARKS THE 48TH YEAR FOR THE 'BEAST FEAST.' MONEY RAISED GOES TO  UT'S WILDLIFE AND FISHERIES SOCIETY –A STUDENT ORGANIZATION THAT GOES ON TO COMPETE IN SORT  OF THE SEC CHAMPIONSHIP OF WILDLIFE PROGRAMS." (ALSTON)  "THIS PAST YEAR, UT TOOK THIRD  PLACE OVERALL AND THE YEAR BEFORE WE ACTUALLY TOOK FIRST OVERALL THROUGHOUT THE ENTIRE  SOUTHEAST IN CONCLAVE." ONCE THE MEATS WERE COOKED, THE DOORS OPENED AND HUNDREDS OF  PEOPLE LINED UP.  FOR A $10 DONATION, FOLKS CAN SAMPLE LOTS OF DIFFERENT DISHES. (KRISTY KEEL- BLACKMON)  "YEAH, THE STUDENTS WORK REALLY HARD TO PUT ALL THIS TOGETHER AND SOME OF THEM  EVEN PULL ALL NIGHTERS AND SHOW UP REALLY EARLY IN THE MORNING OR SHOW UP AT MIDNIGHT TO  MAKE THIS HAPPEN AND BRING IT ALL TOGETHER. AND IT IS REALLY IMPRESSIVE BECAUSE THEY'RE USING  LOCAL MEATS AND SUSTAINABLY HUNTED AND HARVESTED MEATS TO FEED THE COMMUNITY."  AFTER  ABOUT AN HOUR, PRETTY MUCH EVERY BITE OF WILD GAME HAD BEEN CONSUMED BY HUNGRY HUMANS.   STUDENTS SAY THEY'RE ALREADY PLANNING – AND HUNTING FOR – NEXT YEAR'S DINNER.  SO BRING YOUR  APPETITE FOR AN EVENING OF HEARTY EATING THAT SUPPORTS STUDENT ACTIVITIES, AND SERVES AS A  THROWBACK TO EARLIER TIMES WHEN MEAT AND PROTEIN LIVED WILD IN THE WOODS.  THIS IS CHARLES  DENNEY REPORTING. ) THE 'BEAST FEAST' ALSO INCLUDED A SILENT AUCTION AND PRIZE DRAWINGS FOR  ITEMS LIKE HUNTING AND FISHING EQUIPMENT – ALL TO HELP THE STUDENT  ORGANIZATION. 

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.

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