AgDay Daily Recap -March 3, 2016

March 3, 2016 02:57 AM
 

TODAY ON AGDAY
MARCH 3, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -
ONE OF THE LARGEST ROW CROP CONVETIONS IS KICKING OFF IN THE BIG EASY. WE'LL TAKE YOU THERE…
"I'M IN NEW ORLEANS FOR THIS YEAR'S COMMODITY CLASSIC. WE'LL TELL YOU WHAT FOLKS ARE TALKING ABOUT COMING UP."
CEOS DISCUSS THE INTERNATIONAL DEMAND PICTURE FOR GRAIN FARMERS.
RIGHT NOW WE'RE FACING HEADWINDS IN OUR EXPORTS BECAUSE OF THE STRONG U.S. DOLLAR.
BRYAN DOHERTY LAYS OUT THE CATTLE MARKET AND IT'S VOLITALITY. PLUS DROVERS T-V LOOKS AT PROTEIN DEMAND AHEAD OF EASTER.
AND ELEPHANTS ARE BECOMING A NUISANCE FOR SOUTH AFRICA'S LIQUOR INDUSTRY.
WE'LL SHOW YOU THE FRUIT THEY JUST CAN'T GET ENOUGH.
COMMODITY CLASSICS:
GOOD MORNING I'M BETSY JIBBEN. CLINTON IS ATTENDING COMMODITY CLASSIC. AND THAT'S WHERE WE BEGIN OUR SHOW THIS MORNING. 
TRADE ASSOCIATIONS FOR CORN, SOY, WHEAT AND SORGHUM ARE GATHERING THIS WEEK IN NEW ORLEANS FOR THE ANNUAL CONVENTION. 
PANEL DISCUSSES LEADING CHALLENGES IN AG:
WHILE MUCH OF THE NATION FOCUSES ON THE PRESIDENTIAL ELECTION, THE LEADING TRADE GROUPS ARE FOCUSING ON ISSUES THAT AMERICAN FARMERS FACE EVERY DAY -INCLUDING GOVERNMENT REGULATIONS, GRAIN DEMAND, EXPORTS AND THE CURRENT LOW PRICES.
BETSY, WE'RE IN NEW ORLEANS, LOUISIANA, LONG CANAL STREET WHERE FARMERS ARE PREPARING FOR THIS YEAR'S COMMODITY CLASSIC. ON WEDNESDAY, BAYER CROP SCIENCES IS KICKING OFF THEIR EVENT WITH THEIR ANNUAL AD-VOCACY FORUM.

WE RELY ON OVER 11,000 INDEPENDENT FARMERS AND RANCHERS FOR OUR PRODUCT. WE NEED TO MAKE TO MAKE SURE THE FOLKS OUT THERE AND CONSUMERS TODAY UNDERSTAND AGRICULTURE.
FUTURE FOOD TRENDS:
EARLIER TODAY, PANELISTS TALKING ABOUT THE LATEST IN FOOD TREND, BOTH FROM THE CONSUMER SIDE AND FARM SIDE, BOTH OF WHICH LOOKING TO MAKE BIG IMPACTS IN THE FARM COMMUNITY IN THE YEARS AHEAD.
PRETTY GOOD WEATHER AS FARMERS BEGIN TO SHOW UP FOR COMMODITY CLASSIC. OF COURSE WE'LL BE HERE ALL WEEK, BRINGING YOU THE LATEST FROM THE SHOW. 
GLOBAL GRAIN DEMAND:
DEMAND AND INCREASING THAT DEMAND BOTH DOMESTICALLY AND INTERNATIONALLY MAY BE THE BIGGEST TOPIC OF ALL AMONG FARMERS THIS YEAR. WE DISCUSSED HOW TO MAKE THAT HAPPEN WITH THE CHIEF EXECUTIVES OF EACH OF THE GRAIN ASSOCIATIONS.
2016 IS STACKING UP TO BE A DIFFICULT YEAR FOR ROW CROP FARMERS.
THAT'S WHY GENERATING MORE DEMAND IS A TOP PRIORITY FOR GRAIN ORGANIZATIONS.
IT'S A TOUGH BATTLE SINCE THE U.S. DOLLAR IS SO STRONG.
CHINA’S ECONOMY IS A CONCERN WHEN LOOKING AT TRADE OPPORTUNITIES:
WHILE OPPORTUNITIES ARE IN CHINA, THE COUNTRY'S ECONOMIC GROWTH MAY BE A CONCERN.
BUT THE RELATIONSHIP WITH CHINA IS COMPLICATED, ESPECIALLY WHEN IT COMES TO REGULATIONS.

SORGHUM:
SORGHUM PRODUCERS SAY RENEWABLE FUELS IS ONE OF THEIR GREATEST AVENUES FOR NEW SALES-THAT INCLUDES THE POSSIBILITY OF MORE GROWTH IN MEXICO. THEY'RE LOOKING AT OTHER MARKETS TOO.
FOR NCGA, IT'S CUBA: NOT A LARGE MARKET, BUT AN IMPORTANT ONE.
U.S. EXPORT TO INDIA OPPORTUNITY:
ASA IS LOOKING INTO ACOUNTRY WE EXPORT VERY LITTLE TO NOW: INDIA.
MORE MEAT IN THEIR DIETS. A LOT OF INDIANAS EAT POULTRY AND EGGS. A LOT OF OPPORTUNITY FOR GROWTH THERE. I THINK WE CAN SEE INDIA EMERGE SIGNIFICANT IMPORTER FOR MANY YEARS TO COME,"
FOR NAWG, THAT'S JAPAN.

FOR FARMERS, THE DEMAND PICTURE IS STILL BEING MADE FOR THE YEAR, THAT'S WHY THEY'RE DOING WHAT THEY CAN AT HOME, HOPING FOR A PROFITABLE YEAR.
TPP:
ALL OF THE CEOS SAY THEY'RE IN FAVOR OF THE TRANS PACIFIC PARTNERSHIP. AND WHILE THE AG MINISTERS FROM EACH OF THE 12 COUNTRIES HAVE SIGNED THE TRADE DEAL, THE LEGISLATURES FROM THOSE INDIVIDUAL COUNTRIES MUST STILL ADOPT IT.
CALIFORNIA SNOWPACK DOWN:
CALIFORNIA' SNOWPACK IS STILL LOW.  ACCORDING TO THE DEPARTMENT OF WATER RESOURCES, THE STATEWIDE SNOWPACK IS ONLY 83 PERCENT OF THE MARCH FIRST AVERAGE. THAT'S DUE TO MODERATE PRECIPATION AND RELATIVELY WARM TEMPERATUERS.  NOW USUALLY HALF OF THE STATE'S ANNUAL RAIN OR SNOW FALLS DURING DECEMBER, JANUARY AND FEBRUARY. BUT THE RAINFALL RECEIVED AT THAT TIME STILL WASN'T ENOUGH TO RAISE LEVELS.
CROP COMMENTS:
NOW LET'S TURN TO MIKE HOFFMAN FOR THIS MORNING'S CROP COMMENTS. MIKE.
LET'S START OFF IN SOUTHERN MISSOURI. PLANT '16 IS AROUND THE CORNER.  ERIC DOZA SAYS SOME FARMERS ARE STARTING TO APPLY INPUTS LIKE ANHYDRUS. HE SAYS THE LIGHT GROUND SEEMS DRY ENOUGH IN HIS AREA.
AND MOVING SOUTH TO NEW ORLEANS, LOUSIANA.  MIKE BYERS SNAPPED UP THIS PHOTO OF THE MISSISSIPPI RIVERFRONT.  THE TEMPERATUERS WILL STAY IN THE 70S THROUGHOUT THE WEEK.
TEASE:
WHEN AGDAY CONTINUES -BRYAN DOHERTY OF  STEWART-PETERSON EXPLAINS HOW THE CATTLE MARKET IS LIKE TRYING TO CATCH A FALLING KNIFE.
PLUS GREG HENDERSON FROM OUR PARTNERS AT DROVERS LOOKS AT PROTEIN DEMAND DRIVEN BY THE EASTER HOLIDAY. 
AND ELEPHANTS ARE CREATING PROBLEMS FOR FRUIT FARMERS IN SOUTH AFRICA. WE'LL TAKE A CLOSER LOOK WHEN WE HEAD IN THE COUNTRY.
CME:
LET'S SEE HOW THE MARKETS CLOSED ON WEDNESDAY.  FOR THAT, WE HEAD TO THE CME FLOOR IN CHICAGO. WED GRAINS WE'LL TITLE THIS EPISODE THE TORTURE OF CONGESTION OR CONSOLIDATION AND COMPLACENCY. THERE ISN'T A LOT GOING ON. IT'S NOT LIKE WE'RE HAVING BIG WIDE SWEEPING MOVES. WE'RE JUST SITTING HERE AND STILL ALMOST RUNNING IN PLACE LIKE WE'RE FALLING INTO QUICKSAND.
AGRIBUSINESS:
BEFORE CLINTON MADE THE TREK TO NEW ORLEANS, HE SAT DOWN WITH BRIAN DOHERTY TO ANALYZE THE CATTLE MARKET.
JOINING US HERE AT THE AGRIBUSINESS DESK WE HAVE BRIAN DOHERTY WITH STEWART PETERSON.
BRIAN, LET'S TALK ABOUT THE CATTLE MARKET CAUSE IT HAS SEEN A LITTLE BIT OF STRENGTH HERE THE LAST COUPLE OF WEEKS. > OH SURE, IT'S THAT APRIL CATTLE PICKED UP OVER $ 10 IN THE SPREAD BETWEEN APRIL AND JUNE, AUGUST HISTORICALLY ARE GETTING REALLY WIDE. > YEAH, IS IT STOCKER SEASON IS THAT WE ARE STARTING TO SEE?>
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST, MIKE HOFFMAN. MIKE, NOW I KNOW WE HAVE A STORM THAT IS GOING TO PASS THROUGH THE MAJORITY OF THE U.S. AND THEN WE MAY SEE A WARM UP.> IT DOES LOOK LIKE IT IS ALMOST DEFINITE FOR THE CORN BELT ANYWAYS. AFTER THAT STORM FOR THE PACIFIC NORTHWEST MOVES BY IT WARMS UP BIG TIME FOR MOST AREAS NEXT WEEK. BUT IN THE MEANTIME, LET'S TRACK THESE TWO STORM SYSTEMS AS THEY MOVE ACROSS THE COUNTRY.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY, NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS: FIRST OF ALL, ALAMOGORDO, NEW MEXICO, PARTLY SUNNY AND PLEASANT TODAY, HIGH UP AROUND  80 DEGREE; IRONWOOD, MICHIGAN MOSTLY CLOUDY AND COLD, HIGH OF JUST 27 AND HUNTINGTON, WEST VIRGINIA, CLOUDY WITH TIMES OF RAIN AND SNOW, HIGH 41.
TEASE:
WHEN AGDAY CONTINUES, THE HIGHLY DEBATED "COOL" RULE GETS FORMALLY PULLED FROM THE BOOKS. PLUS, OUR PARTNERS AT DROVERS LOOK AT PROTEIN DEMAND AS WE PUSH TOWARDS EASTER.
AND FIND OUT WHY A POPULAR LIQUER IS THREATENED BY ELEPHANTS. WE'LL BE RIGHT BACK.
BEEF PACKERS WON’T NEED TO POST COUNTRY OF ORIGIN:
USDA HAS "PULLED THE PLUG" ON THE HIGHLY-DEBATE COUNTRY OF ORIGIN LABELNG LAW FOR BEEF AND PORK.  THE AG DEPARTMENT PUBLISHED THE FINAL RULE WHICH SAYS BEEF PACKERS AND RETAILERS ARE FREE FROM IDENTIFYING THE ORIGIN OF BEEF AND PORK SOLD IN GROCERY STORES. 
THE REQUIREMENTS FOR OTHER PRODUCTS SUCH AS CHICKEN, LAMB, GOAT, AND PECANS ARE STILL IN EFFECT. 
CONGRESS VOTED LAST DECEMBER TO END MANDATORY COUNTRY-OF-ORIGIN LABELING FOR BEEF AND PORK TO AVOID OVER ONE BILLION DOLLARS IN TRADE RETALIATION FROM CANADA AND MEXICO.

PROTEIN COULD GET A BOOST FROM EARLY EASTER:
PACKERS AND RETAILERS ARE FOCUSED ON FILLING THEIR NEEDS PRIOR TO EASTER, WHICH MEANS AN EMPHASIS ON HAMS. BUT DROVERS EDITORIAL DIRECTOR, GREG HENDERSON, SAYS SINCE EASTER IS EARLY THIS YEAR, THAT COULD HELP BOOST DEFF DEMAND IN APRIL.
TEASE:
THANKS GREG, NEXT -FIND OUT HOW ELEPHANTS ARE BECOMING A NUISANCE FOR SOUTH AFRICA'S LIQUOR INDUSTRY.
IN THE COUNTRY:
AT THE HEIGHT OF SOUTH AFRICA'S SUMMER, GROWERS OF A LOCALLY-PRODUCED AND VERY POPULAR FRUIT ARE HAVING TO CONTEND WITH A "NUISANCE" WHO ALSO LOVES TO FEAST ON THE MARULA FRUIT.
ELEPHANTS ARE DRAWN TO THE MARULA TREES. FOR THE SWEET TREAT. 
THE ELEPHANTS' FONDNESS IS LEADING TO VAST QUANTITIES OF THE CROP TO BE EATEN OR TRAMPLED ON. 
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
FOR CLINTON GRIFFITHS AND MIKE HOFFMAN, I'M BETSY JIBBEN. HAVE A GREAT DAY.
PROMO:
I'M BETSY JIBBEN. TODAY MARKS A HALF CENTURY SINCE A BLIZZARD BURIED NORTH DAKOTA, IT LEFT A LASTING IMPRESSION ON CATTLE RANCHERS WHO LOST ENTIRE HERDS. WE'LL MEET ONE RANCHER WHO REMEMBERS THE STORM VIVIDLY. WATCH US WEEKDAYS ON AGDAY.

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