AgDay Daily Recap -Nov. 23, 2015

November 23, 2015 02:57 AM
 

Today on AgDay
Nov. 23, 2015

OPENING HEADLINES:
A LOOK AT THE NEW COTTON SAFETY NET. PLUS, USDA RELEASES THE LATEST CATTLE ON FEED REPORT. IN AGRIBUSINESS...CATTLE MARKETS KEEP TRENDING LOWER..
WHEN YOU START TO LOOK AT THE FUNDAMENTALS AND YOU LOOK AT THE LONG OUTLOOK OF CATTLE, IT GETS PRETTY NEGATIVE FOR ME GOING INTO 2016.
MACHINERY PETE IS IMPRESSED WITH RECENT HIGH AUCTION PRICES. AND 4HER'S LEARING AROUND CAREERS AND SCIENCE FROM THE WORLD OUTSIDE.

CROP PROGRESS:
GOOD MORNING I'M CLINTON GRIFFITHS. WHILE PARTS OF THE MIDWEST ARE SCRAPING SNOW AFTER GETTING THEIR FIRST TASTE OF WINTER, FARMERS IN THE SOUTHEAST ARE STILL HARVESTING. AND SOME ARE STILL ADDING-UP LOSSES FROM TORRENTIAL RAINS IN OCTOBER.
STORMS IN SOUTH CAROLINA THIS OCTOBER PROVING TO BE EXPENSIVE FOR THE STATE'S FARMERS. NEW LOSS ESTIMATIONS FROM THE FLOODING GROWING TO NEARLY 600-MILLION DOLLARS. THAT'S ABOUT DOUBLE WHAT OFFICIALS ESTIMATED ORIGINALLY.
ONE CROP IN PARTICULAR SUSTAINED HEAVY LOSSES. FIELDS OF PEANUTS THAT HAD ALREADY BEEN DUG-UP FOR HARVEST WERE SWEPT AWAY BY FLOODED RIVERS.
WEATHER PROBLEMS ALSO PUT COTTON HARVEST BEHIND FOR SOUTH CAROLINA FARMERS. AS OF MONDAY ABOUT HALF OF THE CROP WAS HARVESTED.  IT'S USUALLY THREE-QUARTERS.
BUT BEYOND THE FIELDS, THE COTTON INDUSTRY IS FACING CHALLENGES ON MANY FRONTS INCLUDING LOW PRICES AND OVERSUPPLY OF WORLD COTTON STOCKS.
STAX MAY BE SAFETY NET FOR COTTON INDUSTRY:
NATIONAL REPORTER BETSY JIBBEN LOOKS AT CHANGES TO SAFETY NET PROGRAMS THAT COTTON GROWERS RELY ON.

Stax may be safety net for cotton growers:
IT'S THE END OF ANOTHER HARVEST FOR COTTON GROWERS…BUT THOSE FARMERS ARE DEALING WITH MUCH DIFFERENT SAFETY-NET PROGRAMS THAN IN THE PAST.
"THE NATIONAL COTTON COUNCIL CONTINUES TO PROVIDE SUPPORT FARM POLICY THAT PROVIDES SUPPORT TO GROWERS WITHOUT IMPEDING FLOW OF COTTON TO THE MARKET. THE CHALLENGE IS TO CRAFT THE BEST SAFETY NET WITH INCREASING BUDGET PRESSURES AND INCREASED SCRUTINY WITH THOSE OUTSIDE OF AGRICULTURE AND THOSE OUTSIDE OF THE POLICY ARENA,"
THE PREVIOUS FARM BILL OFFERED DIRECT AND COUNTER-CYCLICAL PAYMENTS TO COTTON GROWERS.
COTTON IS NOT ELGIBLE FOR ARC OR PLC COVERAGE.
INSTEAD, GROWERS USE THE STACKED INCOME PROTECTION PLAN OR STAX. THAT PROVIDES COVERAGE FOR A PORTION OF THE EXPECTED REVENUE.
"PERSONALLY, I FEEL COMFORTABLE WITH STAX VERSUS PLC OR ARC. IT'S A LITTLE BIT DIFFERENT-IT'S ENSURING THE TOP END,"STAX CAN BE PURCHASED ON OWN OR WITH A POLICY. THE FEDERAL
GOVERNMENT PAYS UP TO 80 PERCENT OF THE PREMIUM WITH STAX. STAX ONLY  PROVIDES COVERAGE FOR UP TO 20 PERCENT OF THE EXPECTED AREA REVENUE. "BUT I DO FEEL COMFORTABLE WITH WHERE WE'RE AT. BUT WE DEFINATELY DON'T HAVE THE SAFETY-NET THAT THE OTHER CROPS DO,"
BUT NOT EVERY GROWER FEELS THAT WAY..
CAMPICHE SAYS SOME MAY NEED TO SEE STAX WORK FOR AT LEAST A YEAR BEFORE MAKING A PURCHASING DECISION.
"PRODUCERS ARE STILL IN A LEARNING CURVE AS THEY EVALUATE THE STAX DECISION. HOWEVER, WHILE THE NUMBER OF STAX POLICIES ARE FAIRLY LOW ACROSS THE COTTON -BELT, THE ACREAGE INSURED BY STAX IS SIGNIFICANTLY HIGHER. SO, IT APPEARS LARGER PRODUCERS WERE MORE LIKELY TO PURCHASE THE STAX POLICY,"SOME ARE PUSHING TO MAKE COTTONSEED AN ELGIBLE MINOR OILSEED IN THE INDUSTRY. "IF THE SECRETARY CHOOSES TO DECLARE COTTONSEED AS A MINOR OILSEED, COTTON GROWERS WOULD HAVE THE OPTION TO CHOOSE BETWEEN ARC AND PLC. AN ARC OR PLC PROGRAM WITH COTTONSEED WOULD BE TIED TO COTTONSEED PRICES AND INTO TO COTTON LINT PRICES,"
WHETHER THERE WILL BE CHANGES TO THE FARM BILL OR NOT, COTTON FARMERS FACE THE SAME CHALLANGES AND CONDITIONS AS OTHER GROWERS TOO.
 "WE ENDED UP WITH AN EXCELLENT HARVEST SEASON. WE CAN'T BEAT THAT. WE DIDN'T GET ONE SMALL RAIN FROM THE TIME WE STARTED PICKING UNTIL WE FINISHED.">
REPORTING FOR AGDAY, I'M BETSY JIBBEN.
AFTER THE NEW FARM BILL WAS IMPLEMENTED, SOME COTTON GROWERS  COULD HAVE RECEIVED A TRANSITION PAYMENT FOR THE 2014 CROP IN 2015.
SUGAR AND CORN INDUSTRIES SETTLE SWEET DEAL:
THE SUGAR AND CORN INDUSTRIES HAVE APPARENTLY REACHED A SETTLEMENT IN THEIR BILLION-DOLLAR BATTLE OVER SWEETENERS.
THE TRIAL STARTED TWO WEEKS AGO. BUT BEFORE TESTIMONY RESUMED ON FRIDAY, A DEAL WAS STRUCK BETWEEN THE TWO PARTIES.
THE SUGARCANE AND SUGARBEET INDUSTRY SAYS IT WAS LOSING MONEY TO CORN REFINERS WHO TRIED TO RE-BRAND HIGH FRUCTOSE CORN SYRUP AS CORN SUGAR.
ONE SUED THE OTHER FOR DAMAGES THAT TOTALLED INTO THE BILLIONS OF DOLLARS.
 DETAILS OF THE SETTLEMENT WERE NOT RELEASED.
FDA DRAWS THE LINE ON GM FOOD LABELING:
FIRST IT WAS APPROVING GENETICALLY ENGINEERED SALMON--NOW THE F-D-A DRAWING A LINE ON MANDATORY LABELING OF THOSE FOODS WITH G-M INGREDIENTS.
THE F-D-A ANNOUNCING NEW GUIDANCE THURSDAY--DENYING A PETITION FROM THE CENTER FOR FOOD SAFETY TO REQUIRE LABELING OF GM INGREDIENTS.
THE F-D-A SAID IN RESPONSE THE PETITION DOES NOT PROVIDE EVIDENCE SUFFICIENT TO SHOW THAT FOODS DERIVED FROM GENETICALLY ENGINEERED PLANTS, AS A CLASS, DIFFER FROM FOODS DERIVED FROM NON-GE PLANT VARIETIES IN ANY MEANINGFUL OR UNIFORM WAY."
ADDING THAT COMPANIES CAN ALWAYS VOLUNTARILY ADD LABELS AS LONG AS THEY ARE TRUTHFUL AND NOT MISLEADING.
USDA MILK PRODUCTION NUMBERS FOR OCTOBER:
USDA ROLLING OUT NEW OCTOBER MILK PRODUCTION NUMBERS. PRODUCTION TIPPING SCALES AT 17.1 BILLION POUNDS, THAT'S UP JUST A TICK—POINT 1 (0.1) PERCENT FROM OCTOBER 2014.
THE USDA SAYS PRODUCTION PER COW AVERAGED 1,835 POUNDS FOR OCTOBER, 5 POUNDS BELOW LAST OCTOBER.
THE NUMBER OF MILK COWS ON FARMS WERE UP COMPARED TO NOVEMBER A YEAR AGO BUT HERD NUMBERS LOWER COMPARED TO LAST MONTH.
USDA ALSO ROLLING OUT THE LATEST CATTLE ON FEED NUMBERS FRIDAY.
CROP WATCH:
 SOME AREAS ARE WRAPPING UP HARVEST, WHILE OTHERS ARE SEEING THE FIRST SNOWFALL. MIKE HOFFMAN JOINS US NOW WITH AN UPDATE FOR THIS MORNING'S CROPWATCH. MIKE?
GOOD MORNING CLINTON. LET'S START OFF CROPWATCH IN ONTARIO, CANADA.
ANDY PASZTOR SAYS HE'S FINALLY CLOSING IN ON THE HOMESTRETCH OF HARVEST. HE FINISHED UP OVER THE WEEKEND. HE SAYS YIELDS IN THE AREA WERE AVERAGE TO BELOW AVERAGE. HE EXPERIENCED TOO MUCH RAIN IN THE SPRING AND NOT ENOUGH IN THE SUMMER. LET'S TRAVEL OVER TO SOUTHEAST SOUTH DAKOTA WHERE SNOW HAS ARRIVED. A FARMER IN THAT AREA SENT US THIS PHOTO OF THE FIRST SNOWFALL. THIS WAS TAKEN WITH ONLY HALF AN INCH ON THE GROUND-THEY RECEIVED SEVERAL LATE LAST WEEK. THAT AREA MAY RECEIVE MORE SNOWFALL AGAIN LATER IN THE WEEK.
DROUGHT MONITOR:
AND TAKING A LOOK A THE DROUGHT MONITOR YOU CAN SEE NOT TO MANY PROBLEMS EAST OF THE CONTINENTAL DIVIDE OUR WORST AREAS CONTINUE TO BE IN THE WEST PARTS OF THE COUNTRY WE'LL HAVE YOUR FORECAST FO THE COMING WEEK AND THE NEXT 30 DAYS COMING UP OUR AGRIBUSINESS SEGMENT IS JUST TWO MINUTES AWAY AND WE'LL DISCUSS HOW A STRONG U-S DOLLAR IS NOT DOING ANY FAVORS FOR BEEF PRODUCERS...PLUS PRICE PREDICTIONS FOR 2016.
TEASE:
STICK AROUND, FOLKS. AND I WILL TELL YOU ABOUT SOME SURPRISINGLY STRONG AUCTION SALES PRICES THIS LAST WEEK. BOTH ON FARM LAND AND LATE MODEL MACHINERY.
AND WHILE "STICKS AND STONES MAY BREAK YOUR BONES"....IN THIS CASE...KIDS ARE USING THEM TO LEARN ABOUT SCIENCE EXPLORATION! IN THE COUNTRY LATER ON AGDAY.
CME:
IN AGRIBUSINESS -THE MAJOR GRAINS CLOSED DOWN SLIGHTLY TO END THE WEEK. WE GET A RECAP FROM THE FLOOR OF THE CME. THIS IS TED SEIFRIED FROM THE CME FLOOR HERE ON FRIDAY. WE'RE TAKING A LOOK AT THE GRAIN MARKETS. WE ARE OFF OUR LOWS PRETTY WELL. WE STARTED THE DAY UNDER SOME PRETTY SIGNIFICANT PRESSURE, MAINLY COMING FROM THE SOYBEANS WITH SOME BETTER THAN EXPECTED RAINS DOWN IN SOUTH AMERICA. BUT THROUGHOUT THE DAY, WE'RE ABLE TO BOUNCE BACK. SO WITH THE HIGHER DOLLAR AND BETTER THAN EXPECTED RAINS IN BRAZIL, IT'S FAIRLY SURPRISING THAT WE DO HAVE GRAINS OFF THEIR LOWS AND NOT PROBABLY HIGHER HERE TODAY BUT CERTAINLY LIMITING THE DAMAGE WE'VE HAD. CASH PRICES HAVE FIRMED OVER THE PAST. THAT'S CERTAINLY IN THE EAST WHERE THE CROP WASN'T AS GOOD. BASIS HAS BEEN FAIRLY GOOD THROUGHOUT HARVEST. THAT'S COMPARABLY SPEAKING. THE SURPRISE IS COMING FROM THE WEST. A LOT OF GUYS DIDN'T THINK BASIS WOULD IMPROVE BUT WE ARE STARTING TO SEE BASIS IMPROVE EARLIER THAN EXPECTED.
WE HAVE CATTLE MIXED AT THE MOMENT. FOR THE WEEK WE ARE DOWN A BIT. WE DID HAVE A NICE KEY REVERSAL OFF OF THE NEW CONTRACT LOW ON TUESDAY THAT KEY REVERSAL MAY NOT BE SAYING THE LOW IS IN FOR NOW BUT IT COULD BE SAYING THAT WE ARE IN THE BEGINNING OF A BOTTOMING FORMATTING.
GOING FORWARD, I WONDER IF WE WILL SEE NEW LOWS THERE IN THE CATTLE MARKET. WE'LL SEE WHAT HAPPENS. HERE THIS AFTERNOON, WE HAVE CATTLE ON FEED. WE ARE LOOKING FOR ON FEED NUMBERS TO COME IN AT $102.2 AS YOUR AVERAGE TRADE GUESS. WE ARE LOOKING AT NUMBERS AT 96 AND MARKETING NUMBERS AT 96 AS WELL.
AGRIBUSINESS:
DUWAYNE BOSSE, BOLT MARKETING, OUR GUEST HERE TODAY AT THE AGRIBUSINESS DESK. DUWAYNE, LET'S TALK ABOUT CATTLE MARKETS, BECAUSE THE LAST TIME YOU WERE HERE YOU THOUGHT THAT THERE MIGHT BE A CHANCE FOR A LITTLE BIT OF A BOUNCE. WE SAW SOME OF THAT IN OCTOBER, BUT NOW WE ARE TRENDING LOWER AGAIN.> YEAH, CATTLE MADE THAT VERY NICE VSHAPE BOTTOM. A LOT OF THE CHART GUYS WILL MENTION THAT. GREAT RALLY AND AFTER THAT HONESTLY, I GOT PRETTY BEARISH, WHEN YOU START TO LOOK AT THE FUNDAMENTALS AND YOU LOOK AT THE LONG OUTLOOK OF CATTLE, IT GETS PRETTY NEGATIVE FOR ME GOING INTO 2016.> WELL, EXPLAIN THAT, WHY DO YOU THINK...WHAT'S REALLY GIVING YOU THAT IMPRESSION?> THE BIGGEST THING IS IF YOU LOOK BACK AT ALL COMMODITIES, BACK FROM THE BIG COMMODITY BOOM THAT STARTED IN 08, I WOULD SAY CATTLE IS THE ONE THING THAT HASN'T DROPPED BACK TO WHERE IT WAS PRIOR BEFORE THIS BOOM AND YOU START LOOKING AT THE DOLLAR RIGHT AND YOU CAN TIE THE DOLLAR TO EVERYTHING, BECAUSE A HIGH DOLLAR MEANS LESS EXPORTS MORE IMPORTS. DEMAND IS OK, BUT ONE THING THAT I WOULD LIKE TO BRING UP TOO...IS MCDONALD'S SWITCHING TO ALL DAY BREAKFAST. THEY DIDN'T DO THAT TO SELL MORE HAMBURGERS, RIGHT? > RIGHT.> WE LOST OUR RETAIL SHARE IN 2014 WHEN MARKETS SPIKED UP THAT HIGH AND I AM AFRAID THAT WE ARE GOING TO HAVE TO PAY THE PENALTY AND WE COULD LOOK AT PRICES. I DON'T KNOW WHERE WE ARE GOING TO BOTTOM OUT, WHERE THE RIGHT PRICE IS FOR DEMAND, BUT MAYBE IT'S LIKE 115 FOR JUNE AND WE WILL SEE WHERE WE GO FROM THERE.> DIFFERENT PERSPECTIVE, FEEDERS VERSUS OR FATS VERSUS ON THE FARM.> WELL, YEAH YOU KNOW THE FAT MARKETS I AM PROBABLY THE MOST WORRIED ABOUT FEEDERS OF COURSE WILL GO DOWN AS WELL, BUT THE NICE THING ABOUT HAVING CHEAP FEED OUT THERE IS YOU ARE GOING TO HAVE FARMER FEEDERS COME BACK INTO THIS GAME I THINK.> OH, YOU THINK SO?> OH, YEAH THEIR GOING TO MOVE THEIR CORN OFF THEIR FARM, BUT IT MIGHT NOT BE IN A TRUCK, MAYBE IT'S A TRUCK AND TRAILER WITH THE CATTLE IN THE BACK, BECAUSE I THINK THEY WILL START BUYING THESE CALVES, THE FEEDER MARKET WILL HAVE SUPPORT IN THE SALE BARNS, BUT IT IS DEFINITELY A LITTLE BIT SCARY LIKE RIGHT NOW, JUNE FEEDER CATTLE ARE AT 160, WHICH IS LOWER THAN WHERE WE ARE SELLING CASH FAT CATTLE LAST YEAR.> WOW, SO IT'S BEEN A BIG CHANGE, BUT OVERALL YOU THINK 2016 LOOKS TO BE KIND OF TRENDING DOWNWARD AS WE HEAD BACK TO THOSE PRE-2008,2009.>
ABSOLUTELY, I THINK WE HAVE TO GET BACK TO WHERE WE FIND THAT RETAIL SHARE OF DEMAND. YOU KNOW YOU CAN SEE IT POP HERE IN THE HOLIDAY SEASON WHEN WE MOVE A LOT OF CHOICE MEAT. YOU COULD DEFINITELY SEE THAT, BUT TRENDING INTO '16 DEFINITELY LOWER FOR ME. > ALL RIGHT, DUWAYNE THANKS FOR THAT PERSPECTIVE WE WILL BE BACK WITH MORE AGDAY IN JUST A MINUTE.
FOR MARKETING ADVICE CALL BOLT MARKETING -A FUTURES AND OPTIONS BROKERAGE FIRM
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE,  LOOKING AT RAINFALL OVER THE LAST WEEK, BOY, IT WAS A PRETTY WET WEEK ACROSS THE COUNTRY. MISSISSIPPI VALLEY ACROSS THE COUNTRY ESPECIALLY. A LOT OF THE WEST DIDN'T SEE A WHOLE LOT EXCEPT FOR THE NORTHWEST. AND THAT'S REALLY CONFINED TO THE WESTERN PORTIONS OF WASHINGTON AND EXTREME NORTHWESTERN OREGON. MOST OTHER AREAS OF THE WEST DIDN'T SEE MUCH OF ANYTHING. EAST OF THE CONTINENTAL DIVIDE, YOU CAN SEE ALL OF THIS MOISTURE COMING NORTHWARD. YOU CAN SEE THE HEAVIEST AMOUNTS ALL THE WAY UP TO THE SOUTHERN HALF OF THE MISSISSIPPI TO ST. LOUIS, SOME OF THOSE HAVE SEEN MORE THAN 3 INCHES. THAT'S LAST SATURDAY THROUGH THIS PAST FRIDAY. A FEW OF THOSE SPOTS YOU CAN SEE IN DARKER RED. IT MAY HAVE HAD UP TO 5 INCHES OF RAIN. A PRETTY SOAKING RAIN FOR THE SOUTHERN TWO-THIRDS OF THE MISSISSIPPI VALLEY. LET'S CHECK OUT THIS WEEKEND. YOU CAN SEE THE TROUGH. THIS IS THE SYSTEM THAT CAUSED ALL THAT RAIN OVER THE CENTRAL PORTIONS OF THE COUNTRY. NOW IT'S BRINGING IN THE COLD AIR. THAT'S AT LEAST A QUICK SHOT. IT'S GOING TO WARM UP WHEN WE HIT THANKSGIVING. AND THEN THIS NEXT TROUGH COMES EAST. NOW OUR COMPUTER MODELS REALLY SLOWING THIS ONE DOWN. THAT COULD BE A MESSY SYSTEM THROUGH THE CENTRAL AND NORTHERN PORTIONS OF THE COUNTRY. IT'S KIND OF THE NORTHERN HALF OF THE MISSISSIPPI VALLEY. WE'LL WATCH FOR LOTS OF MOISTURE FROM THIS ONE AS IT TRACKS FROM WEST TO EAST, LATE INTO NEXT WEEKEND. YOU CAN SEE IT LINGERS INTO THE FOLLOWING WEEK. IT'S AN INTERESTING WEATHER PATTERN. THAT WILL BE FOLLOWED BY COLDER AIR ONCE AGAIN. TEMPERATURES THIS WEEK ARE GOING ABOVE NORMAL FOR THE SOUTHERN PORTIONS OF THE MISSISSIPPI VALLEY, ALL THE WAY INTO THE NORTHEAST. THAT INCLUDES THE EASTERN GREAT LAKES, MUCH OF THE OHIO VALLEY. NEAR NORMAL FOR THE FAR SOUTHEAST, MID ATLANTIC AND BELOW NORMAL TEMPERATURES CONTINUE. THAT'S MINNESOTA DOWN TO KANSAS. ALL THE WAY WESTWARD TO THE PACIFIC OCEAN. THAT'S ALL THE WEST COAST EXPECTED TO BE COLDER THAN NORMAL THIS WEEK. LARGE AREA OF PRECIPITATION BECAUSE OF THAT TROUGH THAT I SHOWED YOU IN THE UPPER LEVELS OF THE ATMOSPHERE. THAT'S ABOVE NORMAL AMOUNTS YOU CAN SEE FOR A GOOD CHUNK OF THE MIDDLE OF THE COUNTRY. INCLUDING, CENTRAL CALIFORNIA ACROSS THE NORTHERN AND CENTRAL NEVADA. IT SPREADS OUT THROUGHOUT THE PLAINS STATES. THAT'S BELOW NORMAL IS THE ONLY ONE I'M SHOWING HERE IS IN THE SOUTHEAST AND ALSO THE MID ATLANTIC STATES.
THAT'S BELOW NORMAL TEMPERATURES FROM GEORGIA ALL THE WAY TO SOUTH DAKOTA. AND WESTWARD TO MUCH OF CALIFORNIA. THAT'S ABOVE NORMAL FOR THE NORTHERN AND EASTERN GREAT LAKES INTO THE NORTHEAST. SO COLDER AIR MAINLY BECAUSE OF THE RAIN YOU'RE GOING TO SEE. WE'RE TALKING ABOVE NORMAL PRECIPITATION OVER THE NEXT 30 DAYS FOR MUCH OF THE AREA FROM THE FOUR CORNER REGION ALL THE WAY INTO THE SOUTHEAST. THAT'S ALL THE WAY TO SOUTHERN IOWA AND MUCH OF NEBRASKA. BELOW NORMAL FOR MUCH OF MONTANA AND MUCH OF NEW ENGLAND. THAT'S A LOOK ACROSS THE COUNTRY.
REGIONAL FORECASTS:
NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL, FOR ALBANY, OREGON, INCREASING CLOUDS. MAYBE A SHOWER LATE IN THE DAY. THE HIGH IS 52. TEXARKANA, TEXAS, PLENTY OF SUNSHINE AND PLEASANT. THE HIGH IS 56. AND FINALLY, TRENTON, NEW JERSEY IS PARTLY SUNNY AND ON THE CHILLY SIDE. THE AFTERNOON HIGH IS AROUND 43 DEGREES.
TEASE:
UP NEXT MACHINERY PETE JOINS US TO TALK ABOUT AN EYEBROW RAISER AT A RECENT AUCTION.
AND A GROUP OF 4-HERS ARE LEARNING ABOUT SCIENCE OUT IN THE ELEMENTS.
THIS IS MACHINERY PETE INVITING YOU TO CHECK OUT MY NEW WEBSITE MACHINERYPETE.
COM -OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH. LET MACHINERY PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.
MACHINERY PETE:
MACHINERY PETE IS HERE -THIS TIME TO SHARE ONE OF THE HIGHEST AUCTION PRICES ON FARM MACHINERY HE'S SEEN. PETE?
PUT IT UP FOR SALE AND WE WILL SEE WHAT ITS WORTH. NOW, THAT BRUTAL HONESTY ABOUT THE AUCTION MARKET APPLIES TO BOTH LAND AND MACHINERY. NOW, A WEEK AGO FRIDAY, HERE IS A PICTURE OF 154 ACRES, ALL AG LAND, THAT SOLD IN NORTHWEST IOWA. AND I BLOGGED ABOUT THIS ON AGWEB AND BROUGHT $17,300 AN ACRE. AND FRANKLY, IT SURPRISED A LOT OF PEOPLE. HOW CAN IT BE SO HIGH?
WELL, THEY DON'T MAKE ANY MORE LAND AND THERE'S VERY STRONG BALANCE SHEETS OUT THERE. NOW,
I HAVE ALSO SEEN SOME SURPRISINGLY STRONG AUCTION PRICES ON MACHINERY PRICES THIS PAST WEEK, SO FROM AN ABSOLUTE DEALER AUCTION IN SOUTHEAST NEBRASKA LAST THURSDAY, THIS 2011 CASE I-H MAGNUM 290, WITH 880 HOURS, WENT FOR $148,500, HIGHEST AUCTION PRICE I HAVE SEEN THIS YEAR. SAME SALE, HAD THIS 2009, JOHN DEERE 8430, WITH 2655, SOLD FOR $137, 500.
AGAIN, HIGHEST AUCTION PRICE I HAVE SEEN HERE IN THE U.S. NOW REMEMBER FOLKS, WHEN IT
COMES TIME TO FINDING AND VALUING YOUR NEXT PIECE OF USED EQUIPMENT, CHECK US OUT AT
MACHINERY PETE. COM.
TEASE:
 A 4-H GROUP IS USING THE OUTDOORS TO ENCOURAGE A CAREER IN SCIENCE.  IN THE COUNTRY IS NEXT.
IN THE  COUNTRY:
THERE'S A BIG PUSH IN 4-H TO GET KIDS INTERESTED IN SCIENCE, MATH AND TECHNOLOGY.
THEY'RE JOINING FORCES WITH SCHOOLS TO MAKE THOSE TOPICS FUN FOR KIDS. SO THEY'RE LEARNING WHILE HAVING A GOOD TIME.
JEFF FRANKLIN FROM THE UNIVERSITY OF KENTUCKY SHOWS US HOW GETTING MUDDY AND SEARCHING FOR FOSSILS MAY LEAD THE STUDENTS DOWN A CAREER PATH IN SCIENCE.
AND IT'S INTERESTING BECAUSE THERE ARE PENNSYLVANIAN ROCKS, SO THEY ARE FINDING A LOT OF PLANT FOSSILS AND THEN AS YOU WALK DOWN IN THE CREEK YOU RUN INTO MISSISSIPPIAN-AGE FOSSILS AND THEY ARE FINDING A LOT OF SEA-LIFE, FOSSIL SHELLS, GASTROPODS."
MANY OF THE STUDENTS MADE INTERESTING DISCOVERIES WHILE SEARCHING FOR ROCKS AND THEY WENT PREPARED WITH THE TOOLS NEEDED.
"WE USE TOOLS LIKE THESE AND WE TRY TO FIND ROCKS AND MINERALS THAT ARE KIND OF HARD TO FIND. THEY TAKE OUR PATIENCE, ONE DAY YOU FIND SOMETHING, IT WILL FEEL LIKE A ROCK OR A MINERAL, LIKE SANDSTONE OR COPPER OR ANYTHING LIKE THAT."
THE STUDENTS SAVE THE ROCKS THEY WANT TO RESEARCH FURTHER BY PUTTING THEM IN THEIR BUCKET TO TAKE  BACK AND FIND IF THEY HAVE A FOSSIL.
IT CONNECTS THE STUDENTS WITH HOW THINGS OCCUR IN NATURE AND HOW YOU CAN FIND LAYERING OF ROCKS AND DIFFERENT AGE GROUPS.
"...THAT'S REALLY COOL TO ALL THE DIFFERENT ROCKS."
MUHLENBERG 4-H AGENT MACKENZIE POGUE AND 4-H ASSISTANT JUDY MCGHEE WERE RESPONSIBLE FOR GETTING THE STUDENTS OUTDOORS WHICH THEY BOTH HOPE THE OUTING WILL SPARK THE STUDENTS TO WANT TO STUDY GEOLOGY OR SOME KIND OF CAREER IN SCIENCE.
"SOME OF THESE KIDS HAVE NEVER BEEN IN A SETTING LIKE THIS, SO WE ARE HOPING THIS WILL SPARK A LOVE OF ALL THINGS ROCK AND JUST NATURE."
"BEING OUTDOORS AND APPRECIATING NATURE AND THE OUTDOORS AND DIGGING UP SOME TREASURES AND LEARNING FROM OUR LOCAL GEOLOGIST HERE MUHLENBERG COUNTY ON SPECIFICALLY WHAT IT IS THEY FOUND."
 FROM THE UNIVERSITY OF KENTUCKY COLLEGE OF AGRICULTURE, FOOD AND  ENVIRONMENT I'M JEFF FRANKLIN REPORTING.)
CLOSING:
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.
PROMO:
I'M CLINTON GRIFFITHS. TUESDAY ON AGDAY SUE MARTIN JOINS US TO DISCUSS THE MYSTERY BEHIND THE NUMBER SIX AND WHY IT COULD MEAN A RALLY IN CORN. AND, MIKE HOFFMAN IS TRACKING YOUR THANKSGIVING TRAVEL WEATHER ACROSS FARM COUNTRY. WATCH US WEEKDAYS HERE ON AGDAY.

 

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