AgDay Daily Recap -October 24, 2017

October 24, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 24, 2017


HEADLINES
WASHINGTON CONTINUES TO WORK ON TAX REFORM. PLUS, UPDATED HARVEST PROGRESS. IN AGRIBUSINESS...ARE SOYBEAN BULLS STILL KICKING? MILK PRODUCTION DROPS IN CALIFORNIA, AND THE CHANGING COLORS OF WINE AS THIS NEW YORK WINERY GOES  ORANGE. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

WASHINGTON TAX REFORM
GOOD MORNING I'M CLINTON GRIFFITHS. WITH THE PIECES IN PLACE, WASHINGTON LEGISLATORS ARE MARCHING TOWARD  TAX REFORM--ALTHOUGH SOME OF THE FINAL DETAILS ARE STILL BEING WORKED  OUT. < SEN. MITCH MCCONNELL, (R) MAJORITY LEADER "TONIGHT WE'VE COMPLETED THE FIRST STEP OF SUPPORTING OUR BROKEN TAX CODE, PASSING A  COMPREHENSIVE, FISCALLY RESPONSIBLE BUDGET, THAT WILL HELP PUT THE FEDERAL GOVERNMENT ON A  PATH TO BALANCE. THE BUDGET ALSO GIVES US THE TOOLS WE NEED TO STRENGTHEN OUR ECONOMY  AFTER YEARS OF STAGNATION UNDER THE PREVIOUS ADMINISTRATION."> THAT WAS LAST WEEK AS REPUBLICANS MUSCLED A $4 TRILLION BUDGET  THROUGH THE SENATE.  THE 51-49 VOTE SETS THE STAGE FOR DEBATE LATER THIS YEAR TO  DRAMATICALLY OVERHAUL THE U.S. TAX CODE FOR THE FIRST TIME IN THREE  DECADES, CUTTING RATES FOR INDIVIDUALS AND CORPORATIONS WHILE  ELIMINATING TRILLIONS OF DOLLARS OF DEDUCTIONS AND SPECIAL INTEREST  TAX BREAKS. WHEN RECONCILED WITH THE HOUSE BUDGET PLAN, THE NONBINDING MEASURE  ALLOWS FOLLOW-UP TAX LEGISLATION TO PASS WITHOUT THE THREAT OF A  FILIBUSTER BY SENATE DEMOCRATS.  WHILE FINAL TAX PROPOSAL DETAILS ARE STILL ROLLING OUT, AGRICULTURAL  TAX EXPERTS ARE PAYING CLOSE ATTENTION TO CHANGES IN SELF EMPLOYMENT  TAX. THERE IS SOME DISCUSSION IN CONGRESS ABOUT HEY WE MIGHT DROP YOUR INCOME TAX THAT WE'RE  GOING TO INCREASE YOUR SELF-EMPLOYMENT TAX OR YOUR PAYROLL TAX. RIGHT NOW FARMERS IF THEY HAVE AN S CORPORATION THAT INCOME FLOWS THROUGH AND THERE'S NO PAYROLL TAX OR SELF- EMPLOYMENT TAX ON IT BUT CONGRESS OR IRS HAS FOUGHT FARMERS AND OTHER BUSINESS OWNERS  YOU'RE NOT PAYING ENOUGH SALARIES ARE YOU'RE PAYING TOO LITTLE IN SOME CASES WITH A C CORP.  AND SO WHAT THEY MIGHT DO IS THEY MIGHT HAVE YOU AT ALL YOUR INCOME TOGETHER SO YOUR YOUR  FARM OPERATION INCOME MAYBE YOUR CASH RENT INCOME YOUR SALARIES EVERYTHING YOU'RE GOING  TO ADD IT ALL TOGETHER AND THEY'RE GOING TO SAY 70 PERCENT OF THAT SUBJECT TO SELF-EMPLOYMENT  TAX 30 PERCENT IS NOT THAT WOULD BE A HUGE GAME CHANGER FOR FARMERS A LOT OF OUR TAX  PLANNING THAT WE'VE DONE HAS ALWAYS BEEN DESIGNED TO REDUCE THAT SELF-EMPLOYMENT TAX.  AND IF THIS WAS TO GO THROUGH THAT WOULD PRETTY WELL COMPLETELY REVERSE OR PLANNING  OPPORTUNITIES THAT WE'VE HAD IN THE PAST.  THE U.S. HOUSE IS BEING URGED TO ADOPT THE SENATE'S BUDGET RESOLUTION THIS WEEK--AND THEN START ON FINALIZING TAX REFORMS BEFORE THE END OF  THE YEAR.

MONSANTO STRIKES AT ARKANSAS
MONSANTO IS STRIKING BACK AT THE STATE OF ARKANSAS FOR BANNING ITS  VERSION OF DICAMBA. THE COMPANY FILED SUIT FRIDAY AGAINST THE  ARKANSAS PLANT BOARD.  THE SEED AND CHEM MAKER IS ASKING A JUDGE TO  BLOCK THE STATE AGENCY FROM ENFORCING A RULE THAT BANS THE USE OF  DICAMBA FROM APRIL 15TH THROUGH SEPTEMBER 15TH NEXT YEAR. THE STATE IMPLEMENTED THE BAN IN RESPONSE TO FARMER COMPLAINTS. IN  SEPTEMBER, THE PLANT BOARD REJECTED A PETITION FROM MONSANTO TO  ALLOW ITS HERBICIDE TO BE USED . THE LAWSUIT COMES A WEEK AFTER THE E-P-A ANNOUNCED IT HAD REACHED A  DEAL WITH MONSANTO, BASF AND DUPONT FOR NEW VOLUNTARY RESTRICTIONS  FOR THE WEED KILLER'S USE. 

CROP PROGRESS
AFTER FALLING BEHIND ON HARVEST PROGRESS ACROSS MUCH OF MIDWEST,  USDA UPDATING ITS NUMBERS LATE MONDAY...AS COOL, WET WEATHER POURS  INTO THE HEART OF THE COUNTRY. AT 70-PERCENT COMPLETE, SOYBEAN HARVEST IS THREE POINTS BEHIND  AVERAGE, BUT IT'S NOT AS BAD AS LAST WEEK'S ELEVEN POINT GAP. FARMERS IN ILLINOIS AND INDIANA PUSHED AHEAD OF AVERAGE. BUT THE  WESTERN CORN BELT IS STRUGGLING WITH 20 POINT DELAYS IN IOWA, 16 POINTS  IN NEBRASKA AND TEN POINTS BEHIND IN MINNESOTA. BUT THE GAP IS EVEN WORSE IN CORN...AND GROWING WIDER. THE CROP PROGRESS REPORT SHOWING OVERALL CORN HARVEST 21 POINTS  BEHIND THE AVERAGE PACE. THAT'S TWO POINTS WORSE THAN LAST WEEK. MINNESOTA IS NOW 41 POINTS BEHIND THE USUAL PACE. IOWA AND SOUTH  DAKOTA ARE 32 POINTS BEHIND. NEBRASKA AND NORTH DAKOTA - 26 POINTS BEHIND. FARMERS IN THE EASTERN CORN BELT MADE-UP SOME DELAYS FROM LAST WEEK  BUT ARE STILL RUNNING BEHIND.

LOUISIANA SWEET POTATOS
SOME LOUISIANA SWEET POTATO FARMERS DELAYED THEIR HARVEST IN ORDER  TO GIVE THEIR POTATOES MORE TIME TO REACH MARKET SIZE. THE HARVEST IS  WELL UNDERWAY, AND MANY PRODUCERS ARE FINDING YIELDS TO BE VERY  GOOD. LSU AGCENTER'S CRAIG GAUTREAUX HAS THIS REPORT.  IT'S BEEN A LATE AND VERY DRY HARVEST FOR LOUISIANA SWEET POTATO FARMERS. WHILE THE  GROWING SEASON WAS WET, THE HARVEST HAS BEEN PLAGUED BY DROUGHT-LIKE CONDITIONS, WHICH  ARE CAUSING SOME PROBLEMS IN THE FIELDS. MYRL SISTRUNK:  IF WE GET SOME CLUMPINESS IN THE SOIL, WE CAN HAVE SOME SKINNING, WHICH IS  SOMETHING WE TRY TO AVOID, ESPECIALLY FOR POTATOES HEADED TO THE FRESH MARKET. SOME FARMERS DELAYED THEIR HARVEST OR HAVE STOPPED ALTOGETHER TO GIVE THEIR CROP MORE TIME  TO GROW AND REACH THE SIZE PREFERRED BY CONSUMERS. WEATHER CONDITIONS WILL DETERMINE THE  LENGTH OF THE DELAY. SISTRUNK:  A TWO-TO-THREE WEEK PERIOD MAYBE TO GET THESE POTATOES TO SIZE. IF THEY GO BACK  AND IRRIGATE THEIR FIELDS, OR WE GET SOME RAIN AND COOLER NIGHTS, THAT'LL SPEED THE PROCESS UP. GROWERS HAVE BEEN PLEASED BY THE YIELDS THEY ARE FINDING IN THE FIELDS AND ARE SURPRISED BY  IT, CONSIDERING HOW DIFFICULT THE GROWING CONDITIONS WERE. SISTRUNK:  I'M HEARING THE FIELDS THEY HAVE BEEN ABLE TO HARVEST A LOT OF 600-BUSHELS THIS  YEAR. THAT'S AN EXCEPTIONALLY GOOD YEAR. THE STATEWIDE AVERAGE IN MOST YEARS IS FOUR  (HUNDRED) TO 425, SOMEWHERE IN THAT RANGE. TROPICAL STORM HARVEY CAME THROUGH THE WEEK BEFORE MANY FARMERS WERE SCHEDULED TO START  THEIR HARVEST, DELAYING THE START. HARVEY DID NOT APPEAR TO CAUSE ANY DAMAGE, BUT ONCE THE  HARVEST BEGAN, THE DAMAGE BECAME MORE EVIDENT. SISTRUNK: HARVEY DUMPED SEVEN TO NINE INCHES IN SOME LOCATIONS. INITIALLY, THE THOUGHT WAS  MAYBE IT DIDN'T HAVE AN IMPACT, BUT I THINK AS WE MOVED INTO HARVEST, ESPECIALLY THE SOIL  TYPES THAT RETAINED WATER MORE THAN WE THOUGHT IT DID, AND THAT'S WHEN WE SAW THE PROBLEMS  WITH THE POTATOES. PRICES REMAIN GOOD FOR GROWERS, AND CONSUMERS SHOULD FIND PLENTY OF FRESH SWEET POTATOES  SOON. WITH THE LSU AGCENTER, THIS IS CRAIG GAUTREAUX REPORTING. )

CATTLE ON FEED
CATTLE MARKETS FIGHTING FOR A MIXED FINISHED AT THE CME IN CHICAGO  MONDAY FOLLOWING LAST WEEK'S CATTLE ON FEED REPORT FROM USDA. USDA SAYS THE TOTAL HERD IN FEEDLOTS HIT TEN-POINT-EIGHT MILLION HEAD,  FIVE PERCENT ABOVE LAST YEAR'S LEVELS. PLACEMENTS ARE 13-PERCENT HIGHER THAN A YEAR AGO - COMING IN AT JUST  OVER TWO MILLION HEAD. MARKETINGS ARE THREE PERCENT ABOVE. ALL OF THOSE BEATING TRADE EXPECTATIONS FOR AN OVERALL BEARISH  REPORT.

CROP COMMENTS
MIKE HOFFMAN TAKING A LOOK AROUND FARM COUNTRY WITH TODAY'S CROP  COMMENTS. GOOD MORNING MIKE. GOOD MORNING CLINTON. WE HEAD TO BENSON COUNTY, NORTH DAKOTA. A FARMER POSTED ON AGWEB THAT BEAN HARVEST BEEN TOUGH GOING. THE YIELD IS NOTHING TO TALK  ABOUT. AND VERY LITTLE CORN HAS BEEN HARVESTED. WE GOT THIS PICTURE OF DAN & KAYLEIGH RODE  ON FACEBOOK. THEY SAY CORN HARVEST IS STARTING OFF GREAT IN VAN WERT COUNTY. OHIO.  IN A FIELD THEY THOUGHT ABOUT REPLANTING, IT'S NOW ENDING UP WITH LARGE  KERNELS AND ISN'T TOO WET.  THEY STILL HAVE SOME BEANS IN THE FIELD BUT NEEDED THE CORN FOR STEER  FEED.  AND NOW HERE ARE SOME HOMETOWN TEMPS. FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  AGDAY, AGRITALK, U.S.  FARM REPORT AND MORE - 24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP TODAY.

TEASE
WHEN WE COME BACK WE'LL TALK ABOUT SOYBEANS PRICES AND WHY ONE  ANALYST THINKS WE MIGHT BE IN FOR A BULLISH PRICE RUN. AND WE'LL ALSO CHECK HARVEST IN THE FINGER LAKES REGION OF NEW YORK - AN AREA WITH A GROWING WINE INDUSTRY. AND THIS SEASON, SOME OF THEIR GRAPES ARE PRESSED WITH A DIFFERENT  COLOR IN MIND. AGDAY - BROUGHT TO YOU BY LIBERTY HERBICIDE, THE SIMPLY BETTER SOLUTION FOR SUPERIOR WEED  CONTROL AND A STRONGER YIELD.

FLOOR OF THE CME
IN AGRIBUSINESS, IT WAS A MIXED DAY ACROSS THE COMMODITY CHARTS. LETS  SEE HOW OUR MAJOR INDICIES CLOSED FROM THE FLOOR OF THE CME IN  CHICAGO. TODAY IN SOYBEANS THE MARKET WAS UP DRY WEATHER IN BRAZIL REALLY BROUGHT IN BUYERS TO  SUPPORT THESE PRICES. NOW WE CAN SEE THAT THE DEFERRED MONTHS ARE ALREADY ABOVE THE $10  MARK. WE'RE JUST UNDERNEATH THAT FOR THE NOVEMBER AND THE JANUARY CONTRACT. BUT THE  MARKET STILL LOOKS VERY STRONG FOR THE CORN WAS SURGING TODAY. THE FUTURES RALLY WERE REALLY  THIS IS REALLY AHEAD OF THE U.S. THE USDA CROP PROGRESS REPORT THAT'S COMING UP. BUT  TECHNICALLY THE TREND STILL IS LOWER SO THERE IS SOME VULNERABILITY. I DON'T EXPECT ANY FARMERS TO  BE SELLING CORN ANYTHING MUCH LOWER THAN WHERE WE ARE. SO IT SEEMS LIKE THAT THE MARKET  HAS KIND OF STALLED OUT AS AS DID THE WHEAT MARKET AS WELL TODAY CATTLE REBOUNDED FUTURES  REALLY DROPPED AFTER THE USDA REPORT ON SUPPLIES ON FRIDAY THAT CATTLE FEED REPORT REALLY JUST  SAID THAT THE SUPPLIES HAD BEEN EXPANDING AND SO THIS MORNING AS SOON AS THE MARKET  OPENED UP JUST BIG SELLING JUST TO START OFF THE DAY. BUT TRADERS WERE OPTIMISTIC AND THEY  LOOKED AT THIS AS A BARGAIN. THEY STEPPED UP AND BOUGHT IT AND DROVE THE MARKET ALL THE WAY  BACK. AND THIS TELLS ME THAT IT'S REALLY A GOOD SIGN FOR CATTLE AND CERTAINLY FOR BEEF PRICES  THAT'S ALL FROM THE FLOOR AT THE CME GROUP VIRGINIE MCGATHEY.

AGRIBUSINESS
SOYBEAN ACRES ARE UP THIS YEAR, AND HARVEST REPORTS SAY YIELDS ARE  GOOD. BUT IS THERE UPSIDE POTENTIAL FOR PRICES? TYNE MORGAN ASKS THE  QUESTION IN TODAY'S CROP COMMENTS. HEAR NOW ON AGDAY WITH ANDY SHISSLER ANDY LET'S LOOK AT THIS BEAN MARKET IT SEEMS LIKE  YOU'RE PRETTY BULLISH WHEN IT COMES TO SILLY THINGS. YOU KNOW I'M PRETTY FRIENDLY BEANS. I THINK  LIKE RIGHT NOW IT'S DURING HARVEST. AND SO THAT THEY'RE GOING TO BE CHEAP AND THIS IS WHEN THEY  WOULD BE CHEAP. BUT IF THIS YIELD WAS REALLY THAT BIG WE'D BE A LOT LOWER IN PRICE. IT'S LIKE WE'VE  ACTUALLY RALLIED DURING HARVEST AND PUSHED UP AND TRADED LIKE ABOVE $10 ON NOVEMBER  BEANS WHICH INCENTIVIZES FARMERS TO SELL THEM AND SELL CASH OUT OF THE FIELD. AND WHENEVER  I'VE SEEN MARKETS LIKE THIS WHERE WE GET THE HARVEST RALLY AND FARMERS SO INTO IT IT CREATES  SOME OF THE BIGGER MORE DYNAMIC BEING MARKETS THAT I'VE SEEN THE YIELD BY THE USDA  DOESN'T EVEN NEED TO JUSTIFY WHAT I'M TALKING ABOUT HERE. THEY MAY NEVER BE ON THE MARK  WITH THE OLD. I FEEL LIKE THE BEANS ARE PLANTED IN EARLY APRIL ARE REALLY GOOD AND THEY'RE WITH  WHAT THEY WERE A YEAR AGO BUT LIKE THE MAY STUFF IN THE MIDDLE OF MAY STUFF I MEAN A LOT OF  THAT MISSED RAINS AND WE'RE SEEING YOU GET INTO A FIELD THAT'S 20 PERCENT DOWN FROM A YEAR  AGO. AND EVEN THE MINNESOTA BEING I WOULD HAVE THOUGHT THEY'D BE BETTER THAN THIS. AND SO I  THINK THERE'S A MEAN MAYBE IT WILL BE A HIDDEN STORY ALL YEAR AND I THINK THIS IS THE ONE WHERE  PEOPLE GET IN REAL TROUBLE ON THE SHORT SIDE OF A MARKET. IN MY EXPERIENCE SO YOU CAN EVEN  SEE SPREADS POTENTIALLY INVERT LATER THIS YEAR WHERE YOU CAN'T ROLL OUT OF YOUR LOSS. IF YOU GET CAUGHT SHORT LIKE I THINK THIS COULD THERE COULD BE SOME REALLY WEIRD STUFF. MAYBE NOTHING  HAPPENS AND WE JUST TRADE THE JUNKY $2 VOLATILITY OF THE MARKET. THERE'S A CHANCE WE EXPAND  THAT VOLATILITY UP THREE OR FOUR DOLLARS I THINK SO WHEN YOU GET TO HAPPEN WHEN COULD THAT  HAPPEN THOUGH DOES IT TAKE A WHILE LET ME START IT BECAUSE WE'VE TRADED UP TO $10 ON EVERY  CONTRACT ON THE BOARD DURING OCTOBER. AND THAT'S A GOOD SIGN. YOU KNOW IT'S A VERY GOOD SIGN  FOR ME AND I THINK BY JAN. 1 I KIND OF THINK I'VE TRADED UP TO 11 DOLLARS IS WHAT I'M THINKING  AND MAYBE EVEN INTO MARCH APRIL MAY I SEE THAT NUMBER. BUT LOOK WE HAVEN'T SEEN REAL I'VE  SEEN VOLATILITY IN CATTLE THAT WE HAVEN'T SEEN IN SOYBEANS AND I THINK IT'S COMING. SO HOLD ON  TO YOUR BEANS THOUGH RIGHT NOW. ABSOLUTELY. I WOULD HOLD ON TO MY BEING AND I'D LIKE TO BE IN  MARKET. I'D SELL CORN AND BEANS AND CORN TO BUY AND SELL OFF THE CAR BUT NOT TO THEM BECAUSE  IT BETTER PRICES ARE. I THINK THEY WILL BE. ALL RIGHT THANKS ANDY WE APPRECIATE IT. STAY WITH US.  WE NEED TO TAKE A QUICK BREAK AND THEN WE'LL BE RIGHT BACK WITH MORE AGDAY. AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL. 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY KAWASAKI AND THE NEW MULE PRO-FXR™ SIDE X SIDE. RIDE LIKE A BOSS WITH HIGH-END STYLING AND RUGGED CAPABILITY. WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN HERE LOOKING AT THE WEATHER MAP AND  MIKE WHERE THIS STORM IS RIGHT NOW ISN'T THE ONLY PLACE THAT'S GOING TO GET COOLER THIS WEEK.  THERE'S A BIG CHUNK OF THE MIDWEST GOING TO FEEL IT. BASICALLY WE'RE FLIP FLOPPING THE WEATHER  PATTERN THAT WE'VE SEEN OVER THE PAST MONTH AND A HALF AND IT'S GOING TO BE WITH US FOR A  WHILE. BUT RIGHT NOW WE'RE DEALING WITH THAT WET STORM SYSTEM RIGHT OVER THE CENTRAL GREAT  LAKES AND IT'S NOT MOVING VERY QUICKLY. MOST OF THIS IS RAIN JUST A FEW WET SNOWFLAKES ON THE  NORTHWEST FRINGE. OTHERWISE HIGH PRESSURE DOMINATING MOST OF THE LOWER 48. AS YOU CAN SEE  WE DO HAVE A QUICK MOVING AREA OF LOW PRESSURE GOING TO DIVE INTO THE SOUTHERN PART OF THIS.  THAT'S NOT A BIG DEAL THE SECOND ONE THOUGH IS GOING TO BE ANOTHER SHOT OF COLD AIR BEHIND IT  EVEN THOUGH IT HAS PACIFIC AIR WITH IT NOW. IT WILL GET ARCTIC AIR WITH IT AS IT COMES SOUTHEAST  AND THIS ONE'S FAIRLY COLD MASS OF AIR AS WELL FOR THIS TIME OF THE YEAR FOR THE FIRST TIME IN A  WHILE. I MEAN WE'VE HAD VERY WARM TEMPERATURES IN THE EASTERN HALF OF THE COUNTRY AND THAT  IS CHANGING AS WE SPEAK AS WE HEAD TOWARD TOMORROW MORNING THE FIRST STORM PULLING AWAY  A LITTLE BIT OF RAIN A LITTLE BIT OF SNOW ON THE BACK SIDE OF IT A LITTLE BIT OF RAIN AND SNOW WITH THAT  SECONDARY SYSTEM AGAIN AND THEN KIND OF FALLS APART AS IT MOVES INTO THE NORTHERN GREAT  LAKES AND THE SECOND SYSTEM THIRD SYSTEM I SHOULD SAY WILL COME INTO THE PACIFIC NORTHWEST  AND THEN IT STARTS TO PICK UP SOME ARCTIC AIR AS IT COMES EASTWARD AND THAT WILL BE DIVING  SOUTHEAST AS WE HEAD THROUGH THE END OF THE WEEK WITH ANOTHER SHOT OF COLD AIR BEHIND IT.  PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS ALMOST EVERYTHING'S BEEN IN THE EAST. AS YOU  CAN SEE THE GREAT LAKES AND THE MID-ATLANTIC ESPECIALLY INTO THE SOUTHEAST ADDING IN THE  NEXT 36 HOURS YOU SEE WE CONTINUE TO ADD SOME MORE IN THE SAME PLACES AS WELL AS NEW  ENGLAND. MOST OF THE ACTIVITY FARTHER WEST THOUGH IS NORTH IN CANADA. THE WAY IT LOOKS  SNOWFALL ESTIMATE PAST 24 HOURS. ALL OF IT WESTERN CANADA BUT WE ADD IN THE NEXT 36 WE'LL  ADD A LITTLE BIT PERHAPS NORTHERN WISCONSIN MICHIGAN THAT WILL MOVE NORTHWARD. AND AGAIN  MOST OF THE SNOW IS GOING TO BE IN CANADA ALSO OVER THE NEXT 36 HOURS. TAKE A LOOK AT  TEMPERATURES HIGH TEMPERATURES THIS AFTERNOON THE 40S AND 50S IN AREAS THAT WERE 70S AND  80S MOST OF LAST WEEK. SO THIS IS A MAJOR CHANGE IN THE WEATHER PATTERN. YOU CAN SEE LOW  TEMPERATURES TONIGHT GOING TO DROP OFF INTO THE 30S AND 40S ACROSS MOST OF THE CORN BELT INTO  THE NORTHERN PLAINS EVEN DOWN INTO THE SOUTHEAST. WE'RE TALKING TEMPERATURES INTO THE MID  50S TO THE GULF OF MEXICO AND HIGH TEMPERATURES TOMORROW AFTERNOON. STILL CHILLY OHIO VALLEY  GREAT LAKES BUT WARMING UP TEMPORARILY IN THE HIGH PLAINS. TAKE A LOOK AT THE JET STREAM.  THERE'S THE BIG TROUGH IN THE EAST. IT MOVES AWAY. ANOTHER ONE COMES IN TO REPLACE IT. LATE  THIS WEEK THAT LINE MOVES AWAY AS WE HEAD IN EARLY NEXT WEEK AND THERE'S THAT THIRD WIND COMING IN TO REPLACE IT AS WE HEAD INTO NEXT WEEK SO WE'VE FLIP-FLOP THE WEATHER PATTERN FOR  NOW IT'S COLD AND EAST WARMER OUT WEST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A  LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL SANTA FE NEW MEXICO COOL WITH LOTS OF SUNSHINE  TODAY HIGH TEMPERATURE 57 PARTLY SUNNY BREEZY AND CHILLIER IN ROCHESTER MINNESOTA WITH A  HIGH OF 46. AND FINALLY HUNTSVILLE ALABAMA A GOOD DEAL OF SUNSHINE HIGH AROUND 61. 

TEASE
WHEN WE COME BACK, WE'LL DIG INTO THE DAIRY INDUSTRY INCLUDING THE  LATEST MILK PRODUCTION NUMBERS FROM USDA. AND RED, WHITE AND ROSE ARE CUSTOMARY WINE VARIETIES.  NOW SOME  VINTNERS ARE TRYING A DIFFERENT HUE. FIND OUT WHAT IT IS, WHEN WE HEAD IN THE COUNTRY.

DAIRY REPORT
THE DAIRY REPORT ON AGDAY IS BROUGHT TO YOU BY QLF.  FOR 40 YEARS, QLF HAS BEEN PROUD  TO SUPPORT AMERICAN FARMERS THAT FEED THE WORLD.  IN OUR DAIRY REPORT, LATE FRIDAY, USDA RELEASING ITS SEPTEMBER MILK  PRODUCTION REPORT. PRODUCTION CLIMBING JUST 1 PERCENT. THAT'S THE SMALLEST INCREASE OF THE YEAR. COW NUMBERS DIPPING SLIGHTLY IN SEPTEMBER..BUT REMAIN ABOVE 9 POINT 4  MILLION HEAD. THE GOLDEN STATE OF CALIFORNIA ONCE AGAIN REPORTING A DROP IN  PRODUCTION---DOWN NEARLY 3 AND A HALF PERCENT ON A DECLINING COW  HERD. WISCONSIN, NEW YORK AND IDAHO WERE ALL ABOUT EVEN ON THE YEAR. TEXAS PRODUCTION JUMPING AGAIN -- UP 10 PERCENT YEAR OVER YEAR. MEANWHILE, BUTTER STOCKS CONTINUE TO TIGHTEN. A COMBINATION OF SHRINKING PRODUCTION AND INCREASED CONSUMER  DEMAND DRIVING THAT TREND. SHIPMENTS FROM TWO OF THE TOP EXPORTERS, THE E-U AND NEW ZEALAND  ARE EXPECTED TO BE UNCHANGED IN 2018. TOGETHER THEY SHIP ABOUT 80 PERCENT OF THE WORLD'S BUTTER EXPORTS.  THERE'S A GROWING SHORTAGE OF BUTTER IN FRANCE...AND BAKERIES ARE  FEELING THE PINCH. THE PRICE OF BUTTER HAS RISEN 60 PERCENT IN A YEAR TO REACH NEARLY  FOUR U-S DOLLARS PER POUND. AT THIS BAKERY IN PARIS, THE OWNER SAID HE USES ABOUT 25-CENTS WORTH  OF BUTTER IN EVERY CROISSANT HE MAKES. HE NOTICED BUTTER PRICES STARTING TO CLIMB IN MAY. THE BAKERY SAYS IT'S UNWILLING TO PASS ON THE EXTRA COST TO ITS  CUSTOMERS. THE BUTTER SHORTGE IS LINKED TO A DROP IN MILK SUPPLY IN EUROPE.

TEASE
STILL TO COME - HARVEST TIME IN NEW YORK'S VINEYARDS.  AND AMONG THE  BOTTLES OF RED AND WHITE, THERE'S A NEW COLOR THAT'S TEMPTING  TASTEBUDS. IN THE COUNTRY IS NEXT.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M7 SERIES.  LEARN MORE ABOUT THE LARGEST  TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM. TWO UN-CHARACTERISTIC COLORS IN THE WORLD OF WINE ARE CREATING A  BUZZ IN AN INDUSTRY LONG DOMINATED BY SHADES OF RED, WHITE AND ROSE  YOU MAY REMEMBER TWO WEEKS AGO WE TOLD YOU ABOUT A LIBATION MADE IN  SPAIN THAT'S BLUE IN COLOR.  IT SMELLS AND TASTES LIKE WINE, BUT IT CANNOT BE CALLED WINE. REGULATORS WITH SPAIN AND THE EUROPEAN UNION FORBID IT. NOW A VINTNER IN NEW YORK STATE IS CREATING A WINE THAT'S THE COLOR  ORANGE.  AND NO, IT DOES NOT COME FROM CITRUS FRUIT. BUT BY FERMENTING WHITE WINE GRAPES WITH THEIR SKINS ON BEFORE  PRESSING. MICHAEL HILL REPORTS. HARVEST TIME IN THE VINEYARDS OF NEW YORK'S FINGER LAKES. GRAPES ARE BEING PICKED FOR WHITE WINES, RED WINES … AND ORANGE  WINES. LIGHTER THAN REDS AND RICHER THAN WHITES – ORANGE WINES ARE CREATING  A BUZZ WITH THEIR UNIQUE TASTES. VINNY ALIPERTI, ATWATER ESTATE VINEYARDS WINEMAKER: "PRETTY OUTGOING CHARACTERISTICS. VERY  SPICY, PEPPERY A LOT OF TEA FLAVORS, TOO, COME THROUGH." THESE WINES ARE NOT MADE WITH ORANGES. THE COLOR COMES FROM FERMENTING WHITE WINE GRAPES WITH THEIR SKINS  BEFORE PRESSING – LIKE RED WINE GRAPES. THE WINE TAKES ON COLOR AND  FLAVORS FROM THE SKINS. THE ANCIENT TECHNIQUE IS BEING REVIVED AT WINERIES LIKE ATWATER ESTATE  VINEYARDS. MANY WINEMAKERS CALL THEM SKIN-FERMENTED WINES. THAT MAKES IT CLEAR  TO DRINKERS THESE WINES COME FROM THE VINE, NOT A CITRUS GROVE. CALLEA TEUMER: "OH, IT'S BETTER THAN A CHARDONNAY, ACTUALLY." DEBBIE MORRIS, WINE DRINKER: "ACTUALLY I WASN'T SURE BECAUSE OF THE COLOR BUT IT HAS A REALLY  NICE FLAVOR." BOTTLES CAN RETAIL FOR 30 DOLLARS OR OVER 100 DOLLARS. BUT EVEN  ENTHUSAISTS NOTE THE WINES ARE NOT FOR EVERYONE. VINNY ALIPERTI, ATWATER ESTATE VINEYARDS WINEMAKER: "THEY'RE MORE THOUGHTFUL WINES. THEY'RE  MORE MEDITATIVE. THEY HAVE A LOT OF LEVELS OF FLAVORS. A LOT OF FLAVORS THAT ARE NOT NORMALLY  FOUND IN TABLE WINE." PRODUCTION REMAINS SMALL WORLDWIDE... A SPLASH OF ORANGE IN A SEA OF  REDS AND WHITES. MICHAEL HILL ASSOCIATED PRESS, BURDETT, NEW YORK  

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS.

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