AgDay Daily Recap -November 9, 2015

November 9, 2015 02:57 AM
 

TODAY ON AGDAY
NOVEMBER 9, 2015


OPENING HEADLINES:
A MAJOR SETBACK FOR SUPPORTERS OF A MAJOR OIL LINE PROJECT.
“THE KEYSTONE XL PIPELINE WOULD NOT SERVE THE NATIONAL INTERESTS OF THE UNITED STATES. I AGREE WITH THAT DECISION."
 PLUS, A LOOK AT THIS YEAR'S SORGHUM CROP IN TEXAS.
IN AGRIBUSINESS... CASH OR CONTRACT??
“I ALWAYS SAY IT'S LIKE SAUASAGE. WHO CARES WHAT'S IN IT, AS LONG AS IT TASTES GOOD.”
AND A MINNESOTA FOOD PLANT IS USING TECHNOLOGY BE A BETTER NEIGHBOR.
 OBAMA REJECTS KEYSTONE X-L PIPELINE
GOOD MORNING I'M CLINTON GRIFFITHS. SAYING THE WHITE HOUSE CHOSE "RHETORIC OVER REASON", TRANSCANADA OIL EXPRESSING DISAPPOINTMENT THAT THE OBAMA ADMINISTRATION REJECTED THE KEYSTONE X-L PIPELINE.
SEVEN YEARS AFTER SEEKING APPROVAL FROM THE U-S GOVERNMENT TO CROSS THE BORDER WITH A PIPELINE, THE OBAMA ADMINISTRATION DENIED THE APPLICATION FOR K-X-L.
IN A STATEMENT TRANSCANADA SAYS IT WILL "REVIEW (OUR) OPTIONS TO POTENTIALLY FILE A NEW APPLICATION FOR BORDER-CROSSING AUTHORITY..." FOR NOW IT WILL "ANALYZE THE STATED RATIONALE FOR THE DENIAL."
THE WHITE HOUSE SAYS EIGHT FEDERAL AGENCIES REVIEWED THE PROJECT AND URGED THE PRESIDENT TO RULE AGAINST IT.
THE PRESIDENT SAYS THE PROPOSED PROJECT WOULD NOT SERVE U-S NATIONAL INTERESTS AND WOULD HAVE UNDERCUT AMERICA'S GLOBAL LEADERSHIP ON CLIMATE CHANGE.
THIS DESPITE THE STATE DEPARTMENT'S ENVIRONMENTAL IMPACT STUDY IN JANUARY 2014 THAT CONCLUDED TOTAL GREENHOUSE GAS EMISSIONS TRANSPORTING OIL BY RAIL IS 42-PERCENT HIGHER THAN USING K-X-L.
"FOR YEARS, THE KEYSTONE PIPELINE HAS OCCUPIED WHAT I FRANKLY CONSIDERED AND OVER INFLATED ROLE IN OUR POLITICAL DISCOURSE. IT BECAME A SYMBOL TOO OFTEN USED AS A CAMPAIGN CUDGEL BY BOTH PARTIES RATHER THAN A SERIOUS POLICY MATTER.THE DECISION LIKELY PUTS THE PRESIDENT IN A DIRECT CONFRONTATION WITH REPUBLICANS AND ENERGY ADVOCATES THAT WILL ALMOST SURELY SPILL OVER INTO THE 2016 PRESIDENTIAL ELECTION.

LAST WEEK THE WHITE HOUSE DENIED TRANSCANADA'S REQUEST TO PUT THE REVIEW PROCESS ON HOLD WHILE THE PRESIDENTIAL ELECTIONS PLAY-OUT IN THIS COUNTRY.
SANDERS CREATES NEW BILL TO END DRILLING ON FEDERAL LAND
MEANWHILE DEMOCRATIC PRESIDENTIAL CANDIDATE BERNIE SANDERS UNVEILED A NEW BILL AIMED AT STOPPING FUTURE PRODUCTION OF OIL AND OTHER FOSSIL FUELS ON FEDERAL LAND.
THE BILL WOULD STOP NEW LEASES AND END NON-PRODUCING LEASES FOR COAL, OIL, GAS, OIL SHALE AND TAR SANDS ON ALL FEDERAL LANDS.
IT WOULD ALSO STOP NEW DRILLING IN THE ARCTIC, ATLANTIC AND PACIFIC OCEANS.
TPP:
FARM GROUPS CONTINUE TO REVIEW AND RESPOND TO THE TEXT OF THE TRANS-PACIFIC PARTNERSHIP MADE AVAILABLE LAST WEEK.
THE NATIONAL CATTLEMEN'S ASSOCIATION PRESIDENT PHILIP ELLIS SAID "WHILE THE AGREEMENT IS NOT PERFECT, IT IS A VAST IMPROVEMENT OVER THE CURRENT TARIFF RATES."
MEANWHILE, THE NATIONAL FARMERS UNION TOOK A STANCE OF STRONG OPPOSITION.
NFU PRESIDENT ROGER JOHNSON SAID "THE DEAL IS AS BAD FOR AMERICA'S FAMILY FARMERS AND RANCHERS AS WE HAD FEARED."
IS SORGHUM THE GOLDEN CROP?
IT HAS MANY NAMES...AND COLORS. NO MATTER WHAT YOU CALL IT, GRAIN SORGHUM...HARVEST STANDS IMPRESSIVE THIS YEAR.
WITH SOME PLACES ALREADY RUNNING OUT OF ROOM TO STORE THE GRAIN. IN TEXAS SORGHUM REMAINS AN IMPORTANT CROP TO THE STATE. ED WOLFF WITH THE TEXAS FARM BUREAU HAS MORE.
MILO…MAIZE…GRAIN SORGHUM. IT GOES BY MANY NAMES. BUT WHAT IS THIS GOLDEN CROP? AND
WHAT'S IT USED FOR?
"SORGHUM IS USED FOR A LOT OF DIFFERENT THINGS. TRADITIONALLY WHAT WE USE IT FOR HERE IS CATTLE
FEED. ESPECIALLY IN THE POULTRY SIDE. IN THE DAIRY INDUSTRY A LOT OF PEOPLE USE SORGHUM
BECAUSE IT CREATES A LITTLE BIT HIGHER MILK FAT CONTENT.
DALE'S FAMILY HAS BEEN GROWING THE GRAIN FOR GENERATIONS. HE FARMS JUST WEST OF AMARILLO.
HIS CROP TOUCHES EVERY TEXAN IN SOME WAY. NOT ONLY FEEDING ANIMALS BUT HUMANS TOO. "IF
YOU ARE A PERSON WHO HAS GLUTEN INTOLERANCE SORGHUM DOESN'T HAVE GLUTEN. AND BECAUSE OF
THAT YOU CAN MAKE FLOUR. YOU CAN BUY BEER THAT HAS SORGHUM IN IT. YOU CAN MAKE INSULATION
OUT OF IT. YOU CAN MAKE PACKING PEANUTS OUT OF IT THAT YOU WOULD GET FROM FEDEX. IT'S A VERY
MULTIPURPOSE CROP." THE CROP'S ENVIRONMENTALLY FRIENDLY AND WORKS WELL IN JUST ABOUT ANY
CLIMATE. LOW WATER USAGE. HIGH YIELDS WHEN IT RAINS. BUT STILL MAKES A CROP WHEN IT DOESN'T.
IT TAKES ABOUT 90 DAYS FROM PLANTING TO HARVEST. COVERING THE TEXAS LANDSCAPE WITH COLOR. "IT
JUST COMES UP AS SUCH A PRETTY CROP. WE HAVE DIFFERENT COLORS. YOU HAVE THE WHITES AND THE
REDS AND THE CREAMS AND WHEN THAT SHOWS UP IN THE COMBINE BIN, IT'S PRETTY. IT'S NICE." TEXAS
GROWS MORE ACRES OF GRAIN SORGHUM THAN ANY OTHER STATE. SO THE NEXT TIME YOU OPEN A
PACKAGE, CHOOSE A GLUTEN FREE OPTION, OR EVEN EAT A CHICKEN LEG, THINK OF A MILO FARMER. THE
FARMER AND CROP THAT MAKES IT ALL POSSIBLE. WITH THE TEXAS FARM BUREAU, ED WOLFF,
WILDORADO.
CROP WATCH:
LET'S TURN NOW TO MIKE HOFFMAN FOR TODAY'S CROPWATCH.
GOOD MORNING CLINTON.
IN WALSH COUNTY, NORTH DAKOTA, A FARMER POSTED ON AGWEB THAT OVER THE LAST TWO WEEKS IT'S BEEN RAINY, FOGGY, AND SOGGY. THEY GOT IN JUST ONE DAY OF SUNFLOWER HARVESTING BEFORE WEATHER TURNED LOUSY AGAIN.
DESPITE THAT, WHEAT AND BARLEY CROPS WERE ABOVE AVERAGE. AND IN BUFFALO COUNTY, NEBRASKA, ONE FARMER PARKED HIS COMBINE FOR THE SEASON. HE REPORTS EXCELLENT OUTCOMES FOR BOTH BEANS AND CORN. THE WARM, DRY WEATHER IN OCTOBER CAME AT THE PERFECT TIME SO THEY DID NOT NEED TO DRY GRAIN.
AND IN MONTANA, MOST OF THE STATE'S WINTER WHEAT CROP HAS EMERGED. IT'S NOT AS ADVANCED AS LAST YEAR, BUT IT'S CERTAINLY AHEAD OF THE FIVE YEAR AVERAGE. AND 73-PERCENT IS RATED AS GOOD TO EXCELLENT RIGHT NOW. NOW TAKING A LOOK AT THE DROUGHT MONITOR EAST TO EAST CENTRAL DROUGHT, THERE'S REALLY A FEW POCKETS OF MODERATE DROUGHT ANDTHAT'S NOT HE WORST. THE BAD AREAS CONTINUE TO BE OUT WESTHOPEFULLY OVER THE NEXT FEW MONTHS, THEY'LL GET SOME MOISTURE OUT THERE. WE'LL HAVE DETAILS IN YOUR FORECAST COMING UP.


LARGEST AG COMPANIES TEAM UP TO COMBAT SHRINKING GRAIN PRICES:
AS THE YEAR STARTS TO WIND-DOWN, 2015 MIGHT BE REMEMBERED AS THE YEAR THAT THE WORLD'S LARGEST AG COMPANIES LOOKED...AND IN SOME CASES ACHIEVED...OF COMBINING FORCES TO COMBAT SHRIVELING GRAIN PRICES.
PUBLISHED REPORTS SAY SYNGENTA -WHICH SPURNED MONSANTO'S ADVANCES -IS NOW DISCUSSING WITH DUPONT A POTENTIAL COMBINATION WITH DUPONT'S AGRICULTURE DIVISION.
AT THE SAME TIME, DUPONT IS ALSO DISCUSSING A POTENTIAL AGRICULTURE DEAL WITH DOW CHEMICAL COMPANY.
SOURCES FAMILIAR WITH THE INQUIRIES SAY DISCUSSIONS ARE AT AN EARLY STAGE.
FORMER MCDONALD'S CEO DON THOMPSON STEPPING BEYOND THE BUN...HE'S JOINING THE BOARD OF BEYOND MEAT--A CALIFORNIA STARTUP THAT WANTS TO REPLACE BEEF AND CHICKEN WITH VEGAN ALTERNATIVES.
THOMPSON STEPPED DOWN AT MCDONALDS EARLIER THIS YEAR, AMIDST STRUGGLING SALES AND DECLINING CUSTOMERS.
STUDIES SHOW MILLENNIALS DISTRUST LARGE FOOD MANUFACTURERS:
NEW RESEARCH SUGGESTS MILLENNIALS ARE TWICE AS LIKELY AS THOSE OUTSIDE THEIR AGE RANGE TO DISTRUST LARGE FOOD MANUFACTURERS.
RESEARCH FROM MINTEL SHOWS MORE THAN TWO IN FIVE U.S. MILLENNIALS, OR 43 PERCENT, AGREES THEY DO NOT TRUST LARGE FOOD MANUFACTURERS.
THAT COMPARES TO JUST 18 PERCENT OF NON-MILLENNIALS. A MILLENNIAL FOR THE RESEARCH WAS DEFINED AS ADULTS AGE 21 TO 38.
THREE QUARTERS OF MILLENNIALS WISH FOOD COMPANIES WERE MORE TRANSPARENT ABOUT HOW THEY MANUFACTURE THEIR PRODUCTS. TWO OUT OF FIVE MILLENIALS ARE ALSO BUYING GROCERIES ONLINE RATHER THAN IN A STORE.
WHEN WE COME BACK WE'LL TALK CASH OR CONTRACT WITH ANGIE SETZER OF CITIZEN'S GRAIN.
TEASE:
AND LATER THIS MORNING, WE'RE OFF TO MINNESOTA WHERE A FAMILIAR FOOD MAKER HAS FOUND A WAY TO BE A BETTER NEIGHBOR.
CME:
IN AGRIBUSINESS A MIXED BAG IN MARKETS TO END THE WEEK. LETS SEE HOW THINGS CLOSED FROM THE FLOOR OF THE CME.
THIS IS TED SEIFRED FROM THE CME FLOOR. WE'VE HAD A VERY CHOPPY DAY IN LIVE CATTLE AND HOGS
HERE TODAY. WE STARTED QUITE SIGNIFICANTLY LOWER FOLLOWING THROUGH ON YESTERDAY'S REALLY HEAVY
DAY ON EXPANDED LIMITS BUT SINCE THEN WE'VE BEEN ABLE TO FIND SOME STRENGTH WE ACTUALLY
WENT POSITIVE ON THE DAY FOR A LITTLE BIT NOW WE'RE BACK DOWN NEAR UNCHANGED PRETTY MUCH
ACROSS THE BOARD. SAME THING WITH HOGS. GRAINS TODAY HAVE HAD A WHAT HAS ENDED UP TO BE A
FAIRLY QUITE DAY ALTHOUGH WE STARTED FAIRLY HEAVY. THE U.S. DOLLAR IS UP SUBSTANTIALLY ON NONFARM
PAYROLL DATA AND GRAINS INITIALLY STARTED TO FOLLOW THROUGH ON YESTERDAY'S WEAKNESS ESPECIALLY
IN THE SOYBEANS. BUT WE'VE BEEN ABLE TO BOUNCE OFF OUR LOWS AND FIND SOME STRENGTH.
YESTERDAY WEAKNESS WAS REALLY TIED INTO EXPORT SALES WE HAD VERY POOR EXPORT SALES FOR
WHEAT WE HAD POOR EXPORT SALES FOR CORN WHICH HAS SORT OF COME TO BE EXPECTED BUT THE
SOYBEAN EXPORT SALES IS REALLY SURPRISING. CAME IN WELL BELOW EXPECTATIONS AND IN PARTICULAR
WE HAD SOME CANCELLATIONS. THIS IS TED SEIFRED FROM THE CME FLOOR.
AGRIBUSINESS:
HERE AT THE AGRIBUSINESS DESK THIS MORNING, ANGIE SETZER, CITIZEN GRAIN. ANGIE, LET'S TALK
ABOUT CASH VERSUS CONTRACTS AND HOW DO WE ...WHAT IS THE RIGHT SCENARIO THERE?> WELL, A LOT
OF THE TIMES WHEN IT COMES DOWN TO IT, IF YOU ARE A FARMER WHO HAS GRAIN AND YOU DON'T HAVE
HTAS, HEDGE TO ARRIVE SOME PLACE OR AREN'T USING FUTURES CONTRACTS, YOU ARE A CASH TRADER.
SO WHAT WE HAVE SEEN HAPPEN AND BUYERS DO THE SAME THING ALL THE TIME, I HAVE FEEDERS
THAT ARE CONSTANTLY SO BOGGED DOWN WITH WHAT'S THE BASIS, WELL THE BASIS DOESN'T MATTER IF
YOU ARE TRYING TO SELL CASH, HONESTLY. I ALWAYS SAY IT'S LIKE SAUSAGE: WHO CARES WHAT'S IN IT AS
LONG AS IT TASTES GOOD. SO WHEN IT COMES DOWN TO IT, IF YOU ARE A CASH TRADER, MEANING YOU
HAVE NO FUTURES ON AND YOU ARE JUST LOOKING TO SELL CASH PRICES, PAY ATTENTION TO WHAT THAT
VALUE IS AND GO AHEAD AND SELL. I DO LIKE IT IN MY MARKET STRUCTURE; WE DO A LOT OF FUTURES
TRADING ONLY AND THEN WORK THE BASIS LATER ON. THAT'S OUR WAY THAT WE SKILL SELL INTO SUMMER, IF
JULY GETS ABOVE FOUR BUCKS WE LOCK IN THOSE FUTURES IF WE FIGURE THAT THE BASIS WILL CONTINUE TO
APPROVE, BUT YOU ALSO HAVE TO BE AWARE THAT IT DOESN'T ALWAYS WORK AND SOMETIMES YOU ARE
JUST BEST BETTER SUITED TO KNOW WHAT YOU ARE GETTING OUT OF THAT SALE, BOOK IT, MARK IT DOWN,
DELIVER THE GRAIN, MOVE ON AND START PLANNING WHEN YOU ARE GOING TO MAKE THE NEXT SALE AT.>
BETWEEN NOW AND THE END OF THE YEAR, WHAT ARE YOU FORESEEING? WHAT CAN WE EXPECT?>
WELL, I THINK BETWEEN NOW AND THE END OF THE YEAR, YOU ARE GOING TO HAVE THE BEST BASIS
OPPORTUNITIES PERHAPS OF ALL YEAR, UNTIL WE GET INTO NEXT SUMMER. EVERYONE HAS THIS IDEA THAT
ONCE THEY PUT THEIR GRAIN AWAY THEY HAVE TO SIT ON IT FOR AN INDEFINITE AMOUNT OF TIME, I REALLY
ARGUE THAT THAT'S NOT NECESSARILY WHAT YOU NEED TO DO. IF THE MARKETS STRUCTURE IS GIVING YOU
THE OPPORTUNITY TO SELL THEN SELL IT. WHO CARES IF YOU PUT IT IN THE BIN TWO WEEKS AGO, WHEN IT
COMES DOWN TO IT IF IT'S A NUMBER THAT IS GOOD ENOUGH IT WILL BUILD BACK ON THAT CASH VALUE, IF
YOU HAVE A BUYER LOCALLY WHO IS DESPERATE AND WANTS SOME GRAIN AND HE IS GOING TO PAY YOU
THE PRICE THAT YOU ARE LOOKING FOR SELL IT. YOU DON'T HAVE TO HOLD IT UNTIL JUNE HOPING THAT THE
MARKET DOES BETTER FOR YOU AT THAT POINT IN TIME. I HAVE BEEN TELLING MOST GUYS TO LOOK FOR
SOME OPPORTUNITIES HERE IN THE SHORT TERM, EVEN IF THAT MEANS FOR DEFERRED SALES, BECAUSE
RIGHT NOW NO ONE IS BOOKING A WHOLE LOT SO THEY U MIGHT ARE KIND OF DESPERATE. IT'S KIND OF LIKE
IF YOU DON'T HAVE A LOT OF DATES ON A SATURDAY NIGHT, YOU MIGHT GO TO THE MOVIES WITH THAT
WEIRD FRIEND. SO WHEN IT COMES DOWN TO IT, DON'T BE AFRAID TO MAKE SOME SALES IF IT FITS AND
MOVE ON.> THIS SOUNDS A LOT LIKE HIGH SCHOOL AND COLLEGE. ALL RIGHT, THANKS ANGIE. WE WILL BE
BACK WITH MORE AGDAY IN JUST A MINUTE.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY ON THIS MONDAY MORNING WITH MIKE HOFFMAN.
MIKE LOOKING AT LAST WEEK'S RAINFALL WE CAN SEE THE SOUTH AGAIN GETTING MOST OF THE RAIN. REALLY WAS. IT'S A LITTLE BIT OF A DIFFERENT AREA THAN THE WEEK BEFORE BUT YOU CAN SEE SOME OF THOSE HEAVY AMOUNTS SOUTHEAST TEXAS INTO LOUISIANA ALSO WESTERN WASHINGTON I WANTED TO POINT OUT HAD A FAIR AMOUNT OF RAIN OVER THE LAST WEEK AS WELL.
ZOOMING IN ON THIS MAP YOU CAN SEE THE HEAVIEST AREAS REALLY PRETTY CLOSE TO HOUSTON AS YOU CAN SEE SOME AREAS GETTING INTO THAT PINK AREA WHICH IS 8 INCHES PLUS IN A WEEK. THAT'S A LOT OF RAIN. YOU CAN SEE A GOOD CHUNK OF LOUISIANA ENDED UP WITH 3-5 INCHES OF RAIN AND THERE WERE A FEW POCKETS ALABAMA GEORGIA INTO THE CAROLINAS THAT GOT THAT MUCH AS WELL. SAME THING IN A FEW AREAS IN ARKANSAS. NOW TAKE A LOOK AT THE JET STREAM AS WE HEAD INTO THIS WEEK. YOU SEE THE TROUGH DIGGING INTO THE WEST AGAIN A LITTLE PIECE OF ENERGY IN THE MIDDLE OF THE RIDGE WILL KEEP IT FROM WARMING UP NEARLY AS MUCH IN THE EAST AS IT DID LAST WEEK. AND WE'LL HAVE THAT TROUGH CONTINUE TO MOVE ALONG. SO IT LOOKS LIKE IT WILL BE MOVING FROM WEST TO EAST ACROSS THE COUNTRY THIS COMING WEEK AND WE'LL SEE ANOTHER TROUGH DIGGING INTO THE MIDDLE OF THE COUNTRY AS WE HEAD THROUGH THE WEEKEND. AND INTO THE EARLY PART OF NEXT WEEK. SO THAT'S GOING TO KEEP THINGS MOVING ALONG. I STILL THINK IT WILL BE ABOVE NORMAL FOR THE NORTHERN PLAINS, GREAT LAKES NORTHEAST DOWN INTO THE SOUTHEASTERN PARTS OF THE COUNTRY. RIGHT OVER INTO THE MISS VALLEY. BUT NOT NEARLY AS FAR ABOVE NORMAL AS WE SAW LAST WEEK. NEAR NORMAL THEN EASTERN TEXAS WESTERN LOUISIANA ON UP INTO CENTRAL AND WESTERN MONTANA AND WESTWARD FROM THERE TO WEST TEXAS ALL THE WAY TO THE WEST COAST. BELOW NORMAL TEMPERATURES ARE EXPECTED THIS WEEK. PRECIPITATION THIS WEEK THEN A COUPLE OF SYSTEMS COMING INTO THE PACIFIC NORTHWEST. EVEN NORTHERN CALIFORNIA I'M GOING TO GO ABOVE NORMAL FOR YOU FOLKS FROM MONTANA ALL THE WAY TO THE EAST COAST EXCEPT FOR MOST OF FLORIDA ABOVE NORMAL PRECIPIATION THIS WEEK. A VERY WET SYSTEM COMING FROM THE MIDDLE LATTER PARTS OF THE WEEK FOR THAT PART OF THE COUNTY. BELOW NORMAL THEN FOR THE FAR SOUTHWEST AND ALSO THE FAR NORTHERN PLAINS ESPECIALLY AROUND NORTH DAKOTA. NOW TAKING A LOOK AT THE 30 DAY OUTLOOK FOR TEMPERATURES. KIND OF THE SAME LOOKING MAP HERE FROM EASTERN MONTANA THROUGH THE NORTHERN MISS VALLEY THE GREAT LAKES INTO THE SOUTHEAST ABOVE NORMAL TEMPERATURES ARE EXPECTED.
WESTERN AND CENTRAL TEXAS BACK INTO THE FOUR CORNER REGION EXPECTED TO BE BELOW NORMAL NEAR NORMAL IN OTHER PLACES INCLUDING NEW ENGLAND AS YOU CAN SEE THERE. AND PRECIPITATION OVER THE NEXT 30 DAYS AND THIS IS KIND OF THAT EL NINO OUTLOOK ABOVE NORMAL FOR MORE OF THE SOUTHERN TIER OF STATES OVERALL. BUT I'M STILL GOING NEAR NORMAL EVEN FARTHER NORTH IN OTHER WORDS THERE WILL BE ENOUGH STORM SYSTEMS GO FAR ENOUGH NORTH TO BRING YOU FOLKS EVEN NORMAL AMOUNTS OF PRECIPITATION THROUGH THE NORTHERN TIER OF STATES. THAT'S A LOOK ACROSS THE COUNTRY NOW LETS TAKE A LOOK AT SOME LOCAL FORECASTS.
REGIONAL FORECASTS:
FIRST OF ALL FOR BOISE IDAHO TODAY CLOUDY AND CHILLY A SHOWER TO TWO LIKELY. HIGH TEMPERATURE OF 44. ALEXANDRIA LOUISANA PARTLY SUNNY AND COMFORTABLE HIGH OF 68 AND BANGOR MAINE PARTLY SUNNY MILD THE AFTERNOON HIGH AROUND 54.
TEASE:
UP NEXT MACHINERY PETE IS BACK AT THE AUCTION. AND TODAY HE'S WATCHING PRICES ON BLUE TRACTORS. HIS COMING UP FINDINGS NEXT.
AND LATER IT'S HARD TO MAKE FRIENDS IF YOU SMELL BAD. WE'LL SEE HOW THIS FOOD COMPANY SOLVED A STINKY PROBLEM TODAY ON IN THE COUNTRY.

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, GREG PETERSON--JOINING US THIS MONDAY MORNING WITH A
LOOK AT BLUE TRACTORS. AND REGARDLESS OF COMMODITY PRICES, VALUES AT AUCTION ARE TRADING
HIGH.
LIKE BLUE TRACTORS? WELL THEN, YOU WOULD HAVE LOVED THE FARM AUCTION LAST SATURDAY, OCT. 31, NORTHEAST OHIO, BY MY FRIENDS AT KIEKO AUCTION.
NOW HERE'S ONE OF THE TRACTORS ON THE SALE A NEW HOLLAND, 8240 AT 964 HOURS, SOLD FOR $32,000, NOW THAT IS THE HIGHEST AUCTION PRICE I HAVE SEEN IN 20 YEARS ON AN 8240 SOLD WITHOUT A MOTOR. SAME SALE, HAD THIS OVER FORD 7710, GOOD SOLID CONDITION, SOLD FOR $19,000. NOW, HIGH IS THAT? HIGHEST AUCTION PRICE I HAVE SEEN IN 15 AND A HALF YEARS. NOW, WHAT DO THESE TRACTORS HAVE IN COMMON? WELL, THEY ARE BOTH BLUE, THEY ARE BOTH JUST UNDER 100 HORSE POWER, AND THEY ARE IN THE 20-30 YEAR OLD AGE RANGE, AND THEY ARE BOTH IN VERY GOOD CONDITION. NOW, THAT HAS BEEN A RECIPE FOR REALLY STRONG BIDDING HERE THE LAST COUPLE YEARS, IN THE JUST UNDER 100 HORSE RANGE. AND I THINK THIS TREND PROBABLY IS GOING TO CONTINUE INTO 2016. FOLKS, IF YOU HAPPEN TO BE LOOKING FOR A TRACTOR, JUST UNDER 100 HORSE, CHECK OUT OUR WEBSITE MACHINERYPETE.COM, JUST UNDER 2,000 OF THEM LISTED FOR SALE TODAY.
TEASE:
NEW TECHNOLOGY CAN MAKE A BIG IMPACT ON A BUSINESS. UP NEXT WE'LL SEE HOW A FOOD MAKER WENT HIGH TECH IMPROVING IT'S STANDING IN THE COMMUNITY.

 

IN THE COUNTRY:
FOOD MAKING CAN BE A SMELLY PROCESS DEPENDING ON WHAT PART OF THE BUSINESS IS IN YOUR TOWN.
OUT IN MINNESOTA --A MEAT AND PROCESSED FOOD MAKER LISTENED TO COMMUNITY COMPLAINTS AND FOUND A WAY TO CLEAN UP ITS ACT.
"AWFUL ... AWFUL ... ABSOLUTELY AWFUL"
THAT'S HOW RESIDENTS LIVING NEAR THE HORMEL FOODS MEAT PLANT IN AUSTIN, MINNESOTA USED TO DESCRIBE THE SMELL RISING FROM THE PLANT.
"THE SMELL WAS NAUSEATING. YOU'D GO OUTSIDE AND YOU'D JUST ABOUT GAG"
THAT WAS A COUPLE OF YEARS AGO...SINCE THEN THE RENDERING PLANT HAS EMPLOYED NEW NEIGHBOR FRIENDLY TECHNOLOGY TO HELP EASE THE OFF PUTTING AROMA. "UNQUESTIONABLY, THE AUSTIN SITUATION WITH AIR EMISSIONS IS MUCH BETTER, WE'VE PUT IN NEW TECHNOLOGY." ABOUT THREE YEARS AGO, HORMEL FOODS ANNOUNCED A $25 MILLION PLAN TO CLEAN UP ITS CONTRIBUTION TO THE AIR POLLUTION. "WE HAD THIS TECHNOLOGY ALREADY IN OPERATION AT ANOTHER FACILITY, SO WE KNEW THE TECHNOLOGY WORKED" THE SOLUTION--A FULLY CONTAINED COMPLEX KEEPING ODORS INSIDE...
"THE OLD ONE WASN'T. IN OTHER WORDS, THERE WERE A NUMBER OF TIMES THROUGHOUT THE YEAR AND THROUGHOUT THE DAY WHEN WE WOULD HAVE DOORS OPEN. WE WOULD HAVE TO HAVE DOORS OPEN TO GET TRUCKS IN AND OUT, THAT'S NOT THE CASE ANYMORE."
THE PLANT WHICH ALSO MAKES HORMEL'S FAMOUS CANNED SPAM ALSO ADDED A REGENERATIVE THERMAL OXIDIZER.
"WE KNOW THE RTO (REGENERATIVE THERMAL OXIDIZER) BURNS AT 13-HUNDRED-50 DEGREES MINIMUM, AND WE KNOW THAT AS LONG AS IT STAYS ABOVE THAT TEMPERATURE, THEN WE'RE INCINERATING 99.9 PERCENT OF ALL OF THOSE VOLATILE ORGANIC COMPOUNDS"
SO WE KNOW FROM AN OPERATIONAL STANDPOINT THAT IT'S WORKING, AND WE HAVE CONTROLS TO MAKE SURE THAT STAYS IN PLACE"
TODAY AS THE COMPANY PRODUCES MULTIPLE FOOD AND MEAT PRODUCTS, RESIDENTS LIKE ENRIGHT SAY THE NEIGHBORHOOD IS A BETTER PLACE TO BREATH.
"THE LAST FEW YEARS, I DON'T SMELL THAT ANYMORE AND YOU REALLY CAN TELL THE DIFFERENCE."
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 WHAT TRADERS ARE WATCHING AS THE MARKET PREPARES FOR ANOTHER REPORT FROM THE USDA. AND WITH HARVEST IN THE HOMESTRETCH, WE'LL CHECK ON THE LATEST CROP PROGRESS REPORT. WATCH US WEEKDAYS ON AGDAY.

 

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