AgDay Daily Recap -November 3, 2015

November 3, 2015 02:57 AM
 

TODAY ON AGDAY
NOVEMBER 3, 2015

OPENING HEADLINES:
FEEDYARDS MAY BE ON THE BRINK OF FINANCIAL COLLAPSE. WHAT WILL IT TAKE TO TURN IT AROUND?
 "IT JUST DROPPED A LOT QUICKER THAN EVERYONE EXPECTED AND KIND OF SENT THE INDUSTRY IN SHOCK MODE FOR A MINUTE...”
IN AGRIBUSINESS... IS NOW A GOOD TIME TO LOCK IN NATURAL GAS PRICES?
REALLY PAY ATTENTION TO NATURAL GAS; IT'S SCRAPPING THE BOTTOM OF THE BARREL   
AND HEALTH OFFICIALS LINK AN E-COLI OUTBREAK TO CHIPOTLE...
"IT WAS KIND OF OVERWHELMING, LIKE HAVLING ALL THOSE PROBLEMS HIT AT ONCE"
AND ONE MAN SAYS HE'S DEVELOPED THE PERFECT CHEESE-OUT OF A RECEIPE OF TIME AND PATIENCE.
FEEDYARD PRICES DROP DRAMATICALLY, BUT THERE’S HOPE FOR THE FUTURE:
GOOD MORNING I'M BETSY JIBBEN. CLINTON IS ON ASSIGNMENT. FEEDYARDS ARE HAVING A ROUGH GO. A DRAMATIC TURN IN PRICES SENT PROFITS SPIRALING DOWNWARD LEAVING OPERATORS TRYING TO SURVIVE. BUT EVEN AS BALANCE SHEETS BLEED RED, TYNE MORGAN SHOWS US WHY SOME ARE HOPEFUL THE FINAL OUTCOME OF THE YEAR MAY NOT BE SO BAD.
WHAT STARTED AS A BULL MARKET MADE A QUICK REVERSAL THIS FALL.
"WE KNEW AT SOME POINT IT WOULD LEVEL OFF. IT JUST DROPPED A LOT QUICKER THAN EVERYONE EXPECTED AND KIND OF SENT THE INDUSTRY IN SHOCK MODE FOR A MINUTE.."
FOR TEXAS PANHANDLE FEEDYARD OPERATOR RYAN MOORHOUSE, THE SITUATION IS AS BAD AS ADVERTISED.
"THIS LAST DEAL HAS BEEN PRETTY SURPRISING. WE'VE SEEN HIGHS AND WE'VE SEEN DOWNTIMES, BUT IN MY CAREER, I'VE NEVER SEEN A LOSS IN THAT MUCH EQUITY IN THAT SHORT OF PERIOD. I MEAN YOU'RE TALKING IN 45 DAYS, LOSING $30 TO $35 A HUNDRED ON THE FED LIVE BID. SO DEFINITELY THE WORST SITUATION I'VE SEEN."
ACCORDING TO OUR REPORTING PARTNERS AT BEEF TODAY, EARLIER THIS MONTH, FEEDYARD OPERATORS WERE LOSING 550 DOLLARS A HEAD WITH SOME ON THE BRINK OF FINANCIAL COLLAPSE. THANKS TO A PRICE BOUNCE, TODAY'S LOSSES ARE NOW 385 DOLLARS A HEAD. WHILE IT'S STILL A FINANCIAL HEADACHE, THAT 165 DOLLAR IMPROVEMENT IS HELPING.

"IT'S GOING TO BE HARD TO GET BACK TO WHERE WE WERE. BUT WE'LL GET BACK TO WHERE IT'S TOLERABLE ANYWAY."
"THE RALLY THE LAST TWO WEEKS CERTAINLY HASN'T FIXED THINGS, BUT AT LAST GIVES A RAY OF OPPORTUNITY THAT OKAY, WE CAN SEE SOME IMPROVEMENT."
OPEARTORS FEEDING TO HEAVIER CARCASS WEIGHTS WAS THE TIPPING POINT FOR THE RAPID DROP IN PRICES.
<"AS DISTASTEFUL AS IT WAS, IT WAS BETTER TO PUT ADDITIONAL POUNDS ON THE STEER YOU HAD, OPPOSED TO THE POOR FEEDER/FAT SWAP."
<"THROUGH THIS DROUGHT AND THE CATTLE CYCLE, WITH THE CATTLE SUPPLIES BEING LESS, I THINK THE INDUSTRY HAS TENDED TO FEED CATTLE A LITTLE LONGER. THIS INSTANCE I THINK SOME DID FEED THEM LONGER THAN EVEN NECESSARY, SOMETHING THAT GOT US INTO THIS HOLE WE'RE IN, AND SOMETHING WHERE THESE CATTLE PROBABLY SHOULD HAVE BEEN MARKETED IN THE SUMMER."
"THE MARKET CONDITIONS OF RECENT WEEKS, IT HAS BEEN A TONNAGE ISSUE, IT HAS NOT BEEN A NUMERIC ISSUE. OVERALL CATTLE SUPPLIES ARE STILL VERY TIGHT. SO ONCE WE GET THIS CLEANED UP, IT'LL IMPROVE."
CLOSE SAYS SINCE PRICES WERE PRESSUED BY AN INTERNAL PROBLEM, NOT AN EXTERNAL EVENT LIKE B-SE, IT'S AN ISSUE THAT CAN BE FIXED.
 "SO IT DOES PROVIDE THE INDUSTRY COLLECTIVELY TO WORK ON WHAT'S MADE THE MARKET SICK, WHICH IS WAY BETTER THAN IF WE'RE STRUCK WITH OUTSIDE SOURCES THAT ARE UNFORESEEABLE."
AND THE MARKET SITUATION IS ALREADY IMPROVING.
"BUT THERE'S NOT A LOT OF FED CATTLE BEHIND THESE, SO WE GET OUT OF THIS GLUT OF FED CATTLE NOW, I THINK WE SHOULD BE OKAY."
"THE FACT THAT PACKERS HAVE REINSTATED DISCOUNTS ON CARCASS WEIGHT AND YIELD GRADE FOURS AND FIVES, WE'VE GONE FROM SWITCH FROM THE CARROT TO THE SWITCH FOR CATTLE PRODUCERS THAT WILL FORCE A BEHAVIORAL CHANGE."
CLOSE IS OPTIMISITC FOR THE REMAINER OF 2015, SAYING A BIG FUNCTION OF THE MARKET WILL BE TO WORK TO A MID-RANGE LEVEL, REMOVING SOME OF THE VOLATILITY, REPLACING WITH STABILITY.
"I REALLY THINK WE'LL BE OKAY. I'M NOT SAYING CATTLE FEEDERS WILL BE BACK TO PROFITABILITY, BUT I THINK WE'LL BE IN A RANGE THAT IS AT LEAST MORE TOLERABLE, AND I ALSO THINK THE OUTCOME OF THE RECENT CORRECTION IS, WE'VE HAD THE PRICE SPREADS AND MARGINS BETWEEN FEEDER AND FED CATTLE SO FAR OUT OF BALANCE, THAT THIS IS PROVED THE OPPORTUNITY TO GET MARGINS BACK FOR THE MARGIN OPERATORS.”
AND CONSIDERING THE CATTLE INDUSTRY HAS SEEN REDUCED PLACEMENTS THE PAST 9 MONTHS OUT OF 12, HE SAYS 2016 HOLDS PROMISE, AS WELL.
 "FOR THE CATTLE FEEDER THAT CAN USE CURRENT FEEDER CATTLE PRICES, REBUILD SOME INVENTORIES, I THINK THAT WILL CREATE SOME REALLY GOOD OPPORTUNITIES FOR THE FIRST HALF OF 2016"
"WE WERE FIRST LOOKING AT THE CONTINUATION OF A VERY TIGHT FED CATTLE SUPPLY FOR THE FIRST QUARTER OF 2016, AND THE REALITY IS THAT WE'RE NOW LOOKING AT A CONTINUATION OF TIGHT CATTLE SUPPLIES FOR FIRST HALF OF 2016."
FEEDYARD OPERATORS HOPE WHEN PRICES RISE, THE FALL WON'T BE AS HARD NEXT TIME.
 "I THINK IT BROUGHT HOME THE STARK REALITY THAT WE MAY HAVE OVERAMPED PRICES A LITTLE BIT."
FOR MOORHOUSE, THE SITUATION IS THE WORST HE'S EVER SEEN, AND ONE THAT COULD DRIVE FINANCIAL DECISIONS IN THE FUTURE. BUT THE VOLATILITY COMES WITH THE JOB.
"THE BUSINESS IS VERY CYCLICAL. IT'S LIKE RIDING A ROLLERCOASTER. SO WE ARE PRETTY USED TO IT."
LOOKING AT THE COW/CALF SIDE OF THE CATTLE EQUATION, BOTH CLOSE AND MOORHOUSE TOLD AGDAY REBUILDIGN IS WELL UDNERWAY AND CONSIDERING THE AGGRESSIVE HEIFER RETENTION, HE THINKS WE'LL CONTINUE TO SEE A STRONG GROWTH CURVE THE NEXT TWO YEARS.
CROP PROGRESS:
IN THIS WEEK'S CROP PROGRESS REPORT...THE WINTER WHEAT CROP SHOWED A SEVERAL POINT IMPROVEMENT OVER LAST WEEK.
49-PERCENT IS GOOD TO EXCELLENT, COMPARED TO 47 PERCENT LAST WEEK. 88-PERCENT IS PLANTED AND 72-PERCENT HAS EMERGED. BOTH OF THOSE ARE JUST UNDER THE "NORMAL" RATE.
SOYBEANS ARE MOSTLY HARVESTED. 92-PERCENT IS OUT OF THE FIELD, FOUR POINTS AHEAD OF AVERAGE. MISSISSIPPI IS THE ONLY STATE BEHIND. BUT THAT'S ONLY BY A COUPLE OF POINTS. AND FARMERS ARE CUTTING THE LAST FEW ACRES IN THE STATE.
AND CORN HARVEST REACHED 85-PERCENT, ALSO AHEAD OF THE AVERAGE PACE. OF THE TOP FIVE CORN GROWING STATES, ONLY NEBRASKA IS BEHIND NORMAL. BUT THAT'S ONLY A COUPLE OF POINTS.
NOW LET'S TURN TO MIKE HOFFMAN NOW FOR THIS MORNING'S CROPWATCH. MIKE?
CROP WATCH:
LET'S START OFF CROPWATCH IN SOUTHERN MISSOURI.
HEATHER WUERTLE SENT US THIS PHOTO OF THE YOUNGEST GENERATION DOING CHORES ON THE
FAMILY FARM. THIS FARM HAS BEEN IN THE FAMILY FOR THREE GENERATIONS. AND MOVING OVER TO WESTERN TENNESSEE, TERESA AND JIM MORGAN SENT US THIS PHOTO AS WELL.
THE TWO SAY HARVEST IS OFFICIALLY COMPLETE. USDA SAYS WHILE WEATHER CONDITIONS IN
TENNESSEE HAVE BEEN EXCELLENT FOR HARVEST, RAIN IS NEEDED TO BOOST WHEAT GERMINATION.
 NATIONAL WEATHER:
AND TAKING A LOOK AT THE WEATHER MAP NOT A LOT OF RAIN IN TENNESSEE OR WESTWARD ACROSS THE PLAINS RIGHT NOW A LITTLE BIT IN THE SOUTH EAST AND RAIN AND SNOW OUT WEST WELL LET YOU KNOW HOW LONG THIS HEAT WAVE IN THE MIDDLE OF THE COUNTRY CONTINUES IN WEATHER.

Tease:
NEXT IN AGRIBUSINESS WE'LL BE DISCUSSING NATURAL GAS AND WHY IT MIGHT BE A GOOD TIME TO LOCK IN PRICES.
CHIPOTLE FACES A NEW P-R PROBLEM OVER THE SAFETY OF ITS FOOD.
AND, HOW LONG ARE YOU WILLING TO SPEND TO COMEUP WITH THE PERFECT RECIPE? FOR THIS CHEESEMAKER IT'S ABOUT 15 YEARS.
CME:
LET'S CHECK ON MONDAY'S MARKETS IN CHICAGO. FOR THAT, WE HEAD TO THE C-M-E.
HI. GRAIN MARKETS TRADED LOWER THROUGHOUT THE COURSE OF THE DAY. WHEAT WAS THE DOWNSIDE WITH DOUBLE-DIGIT LOSSES FOR MOST OF THE DAY AS WE FACTORED IN WEATHER FOR THE GREAT PLAINS. IDEAS ARE THAT THE CROP CONDITION RATINGS WOULD SHOW SOME IMPROVEMENT AFTER THE CLOSE WHEN THEY CAME OUT. THAT CREATED SOME SELLING INTEREST.
CORN AND SOYBEANS ALSO TRADING LOWER THE COURSE OF THE DAY IN ANTICIPATION OF THE LAST PART OF THE HARVEST IN THE UNITED STATES AND OVERSEAS IN THE NORTHERN HEMISPHERE, EUROPE AS WELL.
MOSTLY A LOWER TONE IN THE LIVESTOCK MARKETS. ALTHOUGH THERE HAS BEEN SOME RECOVERY IN THE CATTLE AND HOGS ARE OFF OF THEIR LOWS AS WELL. CATTLE MARKETS HAVE TRADED BOTH SIDES UNCHANGED BUT REALLY EXPRESSED SOME DISAPPOINTMENT AFTER WEAK CATTLE SALES LAST WEEK. VERY LITTLE TRADED OVER THE COURSE OF THE WEEK LAST WEEK.
HOG MARKET TRADING LOWER. BUT HOPEFULLY WE WILL FIND SOME SUPPORT THROUGH HERE. HOG MARKET CONTINUING TO REEL FROM IDEAS OF BIG SUPPLIES. AND THE REALLY BAD REPORT THE WHO PUBLISHED JUST OVER A WEEK AGO NOW. THANKS VERY MUCH. THIS IS JACK SCOVILLE. I'M VICE PRESIDENT OF PRICE FUTURES GROUP. HERE ON THE CME GROUP FLOOR WITH SOME COMMENTS ON THE MARKETS TODAY.
CHEVRON TO CUT THE NUMBER OF WORKERS:
THE CHEVRON COMPANY ANNOUNCING PLANS TO REDUCE IT'S WORKFORCE BY 6 OR 7 THOUSAND
PEOPLE.
THE NEWS DELIVERED BY CHEVRON CEO JOHN WATSON.
THE COMPANY'S 3RD QUARTER EARNING SHOWS PROFITS FALLING 63 PERCENT YEAR OVER YEAR.
GAS PRICES DOWN:
MEANWHILE GAS PRICES TRENDING DOWNWARD LAST WEEK. THE AVERAGE RETAIL PRICE FALLING FIVE CENTS TO 219 A GALLON.
THAT'S ABOUT 80 CENTS LOWER THAN THE SAME IN 2014.
DIESEL FUEL PRICES WERE ALSO DOWN. NOW AVERAGING 2 DOLLARS 50 CENTER A GALLON.
DUPONT OFFICIALLY OPENED WHAT IT CALLS THE WORLD'S LARGEST CELL-U-LOSS-IC BIOFUEL FACILITY.
THE BIO-REFINERY IN N-VEY-DUH , IOWA HAS THE CAPACITY TO PRODUCE 30 MILLION GALLONS OF ETHANOL A YEAR. IT'S MADE FROM CORN STOVERSTALKS,
LEAVES AND COBS. DUPONT SAYS THE OPERATION IS CLOSE TO 500 LOCAL FARMERS WHO ARE ABLE TO PROVIDE AROUND 375-THOUSAND DRY TONS OF STOVER.
THE MAJORITY OF THE FUEL PRODUCED AT THE FACILITY WILL BE BOUND FOR CALIFORNIA TO FULFIL THE STATE'S LOW CARBON FUEL STANDARD.
WITH SUCH A DRY HARVEST FOR MANY FARMERS IN THE MIDWEST, GRAIN DRYING WAS NOT A NECESSITY THIS YEAR.
IN TODAY'S ANALYSIS, CLINTON DISCUSSES NATURAL GAS PRICES IN THE YEAR AHEAD.
AGRIBUSINESS:
HERE AT THE AGRIBUSINESS DESK, BRIAN DORHETY, STEWART PETERSON OUR GUEST TODAY. LET'S TALK ABOUT LOCKING IN INPUT AND A GOOD ONE AT THAT IS NATURAL GAS. THAT MARK HAS JUST BEEN REALLY INTERESTING TO WATCH.> IT HAS IT'S ONE OF THOSE YEARS WHERE FORECASTERS ARE SUGGESTING A MILDER WINTER AND THAT'S PUTTING PRESSURE ON PRICES, AMPLE INVENTORIES AND THEN YOU GET A DRY CORN CROP COMING OUT OF THE FIELD, NOT A LOT OF YIELDS FROM NATURAL GAS. WE WILL TAKE YOU BACK A COUPLE OF YEARS AGO OR THREE YEARS  AGO WHEN WE HAD THAT TIGHT INVENTORY AND FARMERS USED A LOT OF NATURAL GAS, WE HAD THAT SQUEEZE IN THE NORTHERN MIDWEST WHERE WE RUNNING OUT OF INVENTORIES OF PROPANE AND GAS. BOTTOM LINE IS IT'S NEAR THREE OR LOW PRICES OR NEAR RECORD LOW PRICES, SO IF I AM A CORM PRODUCER THINKING LONG TERM, I AM LOOKING AT WHERE CAN I FIND VALUE, WHERE CAN I BUY INPUTS CHEAP. REALLY PAY ATTENTION TO NATURAL GAS; IT'S SCRAPPING THE BOTTOM OF THE BARREL. IT CAN GO TO ZERO, I SUPPOSE, BUT THAT'S NOT LIKELY. IT IS A VALUABLE COMMODITY THAT END USERS SHOULD ABSOLUTELY LOOK AT AND FARMERS OR END USERS FOR SURE.> YEAH, AND YOU TALKED A LITTLE BIT, YOU HIT ON IT SOME ABOUT DRAWING AND THAT IS ONE THING YOU ARE HEARING, WHY PART OF THE CORN BELT, RIGHT NOW, THERE IS NOT A LOT OF DRYING THAT NEEDS TO BE DONE.> YEAH, YOU LOOK AT THE WEATHER THIS PAST YEAR AND HINDSIGHT IS EASY, BUT YOU LOOK AT JULY, AUGUST, SEPTEMBER--ALMOST IDEAL CONDITIONS. PROBABLY THE BIGGEST COMPLAIN THAT WE HEARD FROM FARMERS IS THAT THINGS DRIED DOWN A LITTLE TOO FAST OR MAYBE THE STOCK WAS A LITTLE WEAK AND SO THEY HAVE SOME SLOWDOWN IN HARVEST, BUT EXCELLENT HARVEST WEATHER, EXCELLENT CONDITIONS, DRY CORN, COULDN'T BE A BETTER YEAR FOR MANY FROM THAT PERSPECTIVE.> WOULD YOU MAKE A MOVE ON NATURAL GAS SOON?> I WOULD SOON, I WOULD KEEP A VERY TIGHT EYE ON THAT, IT'S HAD A REAL SOLID DROP OFF HERE IN THE LAST TWO WEEKS. HISTORICALLY, IF YOU LOOK A T A LONG TERM HISTORICAL CHART, WE ARE NEAR A RECORD LOW FOR THE LAST 20 YEARS. WE REALLY NEED TO PAY ATTENTION TO THIS.
WHO KNOWS WHAT NEXT YEAR WILL BRING. I DO KNOW THIS, WHEN THINGS ARE CHEAP, AND YOU CAN GENERALLY BUY THEM CHEAPER THAN YOU CAN PRODUCE THEM AND WE THINK THAT'S WHERE NATURAL GAS IS, IT'S A BARGAIN, SO GET IT BOUGHT. > ALL RIGHT, THANKS BRIAN. I APPRECIATE THAT. WE WILL BE BACK WITH MORE AGDAY, RIGHT AFTER THIS.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, IS IT NOVEMBER? BECAUSE I FEEL LIKE I'M READY TO PUT ON A T-SHIRT, AND T-SHIRT IT'S HOT OUT THERE IN THE EASTERN CORN BELT WHERE WE'RE LOCATED. AND THE WESTERN CORN BELT IS AS WELL. PRETTY AMAZING WEATHER FOR THIS TIME OF YEAR. HOW LONG IS IT GOING TO LAST? THAT'S THE BIG QUESTION. BUT THINGS AREN'T MOVING QUICKLY ON THE WEATHER MAP RIGHT NOW. IN FACT, TO PUT THE MAPS INTO MOTION, WE'LL HAVE TO LOOK CLOSELY TO SEE ANYTHING MOVING. YOU CAN SEE THE AREAS OF LOW PRESSURE ARE ATTRACTING EASTWARD BUT SLOWLY. HIGH PRESSURE CONTINUES TO DOMINATE EVEN LATER ON TODAY FOR THE SOUTHERN PLAINS, ALL OF TEXAS, UP INTO THE CENTRAL PLAINS. THE HIGH PRESSURE ALSO DOMINATING THE MID-ATLATIC AND PARTS OF THE NORTHEAST AS THE WARM FRONT CONTINUES TO MOVE NORTHWARD. KIND OF A SLOW MOVING SYSTEM IN THE SOUTHEAST. IT CONTINUES TO CAUSE SOME SCATTERED SHOWERS AND THUNDERSTORMS, PARTS OF THE CAROLINAS, GEORGIA AND FLORIDA. YOU CAN SEE AS YOU MOVE THE MAP ONTO TOMORROW MORNING, THE AREA OF LOW PRESSURE MOVING THROUGH THE FOUR-CORNER REGION, ONE UP IN NORTH DAKOTA. NOT A LOT OF MOISTURE AHEAD OF IT. IN FACT, MOST AREAS ARE STAYING DRY AHEAD OF IT. AND THEN AS WE HEAD THROUGH THE DAY TOMORROW AND INTO WEDNESDAY AFTERNOON, WE ARE LOOKING AT THAT DRY WEATHER CONTINUING FOR THE NORTHERN AND CENTRAL PLAINS. A LITTLE BIT OF MOISTURE STARTING TO COME IN FROM THE GULF THERE INTO TEXAS. A FEW SHOWERS MAY DEVELOP AHEAD OF THE COLD FRONT. BUT MOST OF THE MOISTURE WITH THIS SYSTEM IS OFF TO THE WEST OF THIS AS YOU CAN SEE, AS RAIN AND MOUNTAIN SNOWS CONTINUE IN THOSE AREAS. NOW, TAKE A LOOK AT PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS. THE MAJORITY OF IT IS IN GEORGIA, SOUTH CAROLINA, PARTS OF NORTH CAROLINA. DECENT AMOUNTS IN PARTS OF CENTRAL CALIFORNIA FOR A CHANGE, ALL THE WAY INTO THE NORTHERN ROCKIES.
SOME OF THAT IS IN THE FORM OF SNOW. WE'LL ADD THAT SNOW FORECAST FOR TOMORROW FOR YOU JUST TO SHOW THAT. REALLY, YOU'RE DEALING WITH MOISTURE HERE AND A LOT OF THE SNOW IS MELTING ANYWAY. YOU CAN SEE A DECENT AMOUNT. PARTS OF ARIZONA AND FOUR CORNER REGION. WESTERN COLORADO, EASTERN PORTIONS OF UTAH, AS WE HEAD THROUGH THE AFTERNOON TODAY. THE AMOUNTS JUST CONTINUE TO PILE UP IN THE SOUTHEAST WITH A 3-DAY TOTAL THERE IN SOME AREAS GETTING TO BE TWO OR THREE INCHES. THAT'S A LOT OF RAIN IN GEORGIA AND SOUTH CAROLINA. LOOK AT THE HIGHS TODAY. 70S UP INTO THE NORTHERN PLAINS UNTIL YOU GET UP INTO NORTH DAKOTA INTO THE ROCKIES. THAT'S WHERE THE CHILLY AIR IS LOCATED. WE HAVE TO CONTINUE TONIGHT WITH HIGHS IN THE 50S ALL THE WAY UP TO MINNEAPOLIS IN NOVEMBER. INCREDIBLE WEATHER. 60S TO THE GULF COAST. IT'S CHILLY OUT WEST. ALSO CHILLY IN FAR NORTHERN NEW ENGLAND. EVEN YOU'RE GOING TO BE WARMING UP AS WE HEAD INTO TOMORROW AFTERNOON. LOTS OF 70S WITH CENTRAL PLAINS, OHIO VALLEY AND ALL THE WAY TO THE GULF COAST. THERE'S THE JET STREAM. THIS IS THE REASON IT'S SO WARM. THE RIDGE HOLDS WEDNESDAY, THURSDAY. THEN IT STARTS TO BREAK DOWN TROUGH BUILDS IN SO BY FRIDAY AND SATURDAY, CHILLY AIR MOVES INTO MOST AREAS RIGHT NOW. BUT WE KIND OF GO BACK THAT WAY NEXT WEEK WITH A TROUGH OUT WEST. A LITTLE BIT OF A RIDGE OUT EAST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS.
REGIONAL FORECAST:
FIRST OF ALL, FOR SANTA FE, NEW MEXICO, A GOOD DEAL OF SUNSHINE TODAY. THE HIGH IS AROUND 61 DEGREES. CARRINGTON, NORTH DAKOTA INCREASING CLOUDS, RATHER COOL.
THE HIGH IS 51 AND COLUMBIA, SOUTH CAROLINA, MOSTLY CLOUDY. IT SHOULD BE A SHOWER IN SOME AREAS. HIGH AROUND 70 DEGREES.
TEASE:
CHIPOTLE TOUTS FRESH FOODS. BUT IT'S NOT IMMUNE TO PROBLEMS THAT CAN MAKE PEOPLE SICK. DETAILS NEXT.
AND WE'RE OFF TO THE DAIRY STATE TO SEE HOW LONG IT TAKES TO MAKE PERFECTLY AGED CHEDDAR
CHEESE.  (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.)
E COLI TRACED TO CHIPOTLE:
ABOUT TWO DOZEN CASES OF E. COLI INFECTIONS HAVE BEEN TRACED TO CHIPOTLE RESTURNATS IN OREGON AND WASHINGTON…
THE CASES HAVE STEMED FROM SIX RESTURANTS BUT THE COMPANY HAS CLOSED OVER 40 SHOPS IN THE TWO STATES.
ABOUT A THIRD OF THE VICTIMS HAVE BEEN HOSPITALIZED.
STATE OFFICIALS DID NOT SAY WHICH INGREDIENT IN CHIPOTLE FOOD MIGHT HAVE CAUSED THE OUTBREAK. YOU MAY REMEMBER IN AUGUST SOME CHIPOTLE RESTURANTS WERE THE SOURCE OF A SALMONELLA OUTBREAK. ALSO THAT MONTH DOZENS OF CUSTOMERS WERE SICKENED AFTER A CALIFORNIA FACILITY BROKE HEALTH CODE VIOLATIONS.
KELLOG’S  TO MOVE TO CAGE FREE EGG PRODUCTION:
ALTHOUGH BREAKFAST CEREALS ARE ITS MAIN PRODUCT, KELLOGG'S HAS ANNOUNCED IT WILL
SLOWLY MOVE TO 100 PERCENT CAGE-FREE EGGS FOR ITS FOODS AND ELIMINATE GESTIATION STALLS FROM ITS PORK BY THE END OF 2025. THE GRAINS-BASED COMPANY USES VERY FEW ANIMAL PRODUCTS IN ITS FOODS.
BUT SAYS THEY HAVE A ROLE TO PLAY WITH WHAT THEY SAY IS 'INFLUENCING RESPONSIBLE BEHAVIOR THROUGHOUT THE FOOD CHAIN.'
WISCONSIN CHEESEMAKER MAKES CHEESE A LITTLE CHEDDAR:
 WHAT'S IT TAKE TO MAKE THE PERFECT CHEDDAR CHEESE? ONE THING'S FOR CERTAIN -IT TAKES A LOT OF TIME. NEXT, MEET A CHEESEMAKER WILLING TO GIVE CHEDDAR ALL THE TIME IT NEEDS.
IT TAKES A GOOD PALATE TO KNOW WHEN A BATCH OF CHEDDAR WILL BE PRIME FOR AGING, AND ONE WISCONSIN CHEESEMAKER HAS CREATED A NICHE BUSINESS BY AGING HIS CHEDDARS FOR MORE THAN A DECADE. IN THIS SEGMENT OF WISCONSIN DAIRY NEWS WE CHECK IN WITH CHEESEMAKER TONY HOOK TO SEE WHAT IT TAKES TO CREATE A FIFTEEN-YEAR AGED CHEDDAR.
AGING CHEESE DEMANDS ATTENTION TO DETAIL, PATIENCE AND SKILL.
THAT IS SOMETHING CHEESEMAKER TONY HOOK HAS BEEN PERFECTING SINCE HE AND HIS WIFE JULIE BOUGHT HOOK'S CHEESE IN MINERAL POINT, WISCONSIN, IN 1987. WE DECIDED WE WERE GOING TO GET INTO MORE AGED CHEDDARS RATHER THAN JUST AGING TO A YEAR OR TWO, AT THAT POINT WE THOUGHT WE'D GO TO FIVE OR SEVEN. NOBODY ELSE WAS REALLY GOING THAT FAR AT THE TIME. THE HOOKS HAVE GARNERED A REPUTATION FOR THEIR AGED CHEDDARS. OVER THE YEARS TONY HAS DEVELOPED A SENSE FOR WHICH BATCHES OF CHEESE WILL AGE PERFECTLY. AS I'M SAMPLING THEM A COUPLE TIMES A YEAR, I'M LOOKING FOR ANY HINT OF AN OFF FLAVOR THAT MIGHT BE THERE. AT THAT POINT, IT'S TIME TO SELL THAT CHEESE. IT ISN'T GOING TO AGE. SO BY THE TIME IT'S TWO OR THREE YEARS OF AGE, I CAN USUALLY TELL.
THE HOOKS ARE KNOWN IN THE INDUSTRY FOR AGING THEIR CHEDDARS ANYWHERE FROM TEN TO TWENTY YEARS.WE USE THE SAME RECIPE FOR ALL OUR CHEDDARS AND I HOPE ALL OF THEM WILL TURN OUT TO BE ABLE TO BE AGED TO TEN OR FIFTEEN YEARS. ONLY THE FINEST BATCHES ARE SELECTED TO AGE OUT FOR LONGER PERIODS.
"FROM THREE TO FIVE YEARS IT GETS MORE ACIDIC. FROM FIVE YEARS AND BEYOND, IT STARTS SMOOTHING OUT AND GETTING MORE CALCIUM LACTATE CRYSTALS AND IT ACTUALLY STARTS GETTING SWEETER. YOU CAN ALMOST TASTE THE SWEETNESS OF THE ORIGINAL MILK IN THE CHEESE. THE HOOKS CREDIT THE GREAT FLAVOR OF THEIR AGED CHEDDARS TO SOURCING QUALITY MILK FROM THE SAME SMALL FAMILY FARMS FOR NEARLY FORTY YEARS. WHAT MAKES IT IS EXCELLENT QUALITY MILK. AND A LITTLE HELP FROM THE CHEESEMAKERS I GUESS. AND THAT'S WISCONSIN DAIRY NEWS)
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. WEDNESDAY ON AGDAY WE VISIT A CENTRAL ILLINOIS FARM AS THE REMAINING CORN ACRES ARE HARVESTED FOR THE SEASON. PLUS WHEAT MARKET ANALYSIS FROM ALAN BROO-GLER.
FOR REAL NEWS THAT AFFECTS THE BOTTOM LINE, TUNE IN DAILY FOR AGDAY.

 

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