AgDay Daily Recap -October 3, 2016

July 15, 2016 02:57 AM
 

TODAY ON AGDAY
OCTOBER 3, 2016

HEADLINES
COMING UP TODAY ON AGDAY -ANOTHER USDA REPORT TAKES A LOOK AT THE GRAIN STOCKS NUMBER. WE'RE STILL GOING TO KIND OF STRUGGLE TO GET THAT CYCLE BACK TO NORMAL BECAUSE THERE IS SO MUCH OLD CROP CARRIED OVER. PLUS A LOOK A FALLING LAND VALUES IN THE MIDWEST. MACHINERY PETE IS HERE TO DISCUSS AUCTIONS VERSUS DEALERS WHEN IT COMES TO EQUIPMENT PRICES. AND MIGRATING BIRDS ARE FINDING A FRIENDLY STOP ALONG THEIR ROUTE SOUTH. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

HEADLINES
GOOD MORNING I'M CLINTON GRIFFITHS. AS A NEW WEEK OF TRADING GETS UNDERWAY TODAY, THE GRAIN MARKETS WILL STILL BE FOCUSED ON USDA'S LATEST GRAIN STOCKS REPORT. THE BIGGEST YEAR OVER YEAR CHANGE WENT TO WHEAT WITH RECORD-HIGH PRODUCTION. ON FRIDAY, THE AG DEPARTMENT SAID THERE WERE TWO AND HALF BILLION BUSHELS OF ALL-WHEAT IN STORAGE. THAT'S A 21-PERCENT LEAP FROM LAST YEAR. ALL WHEAT PRODUCTION TOTALED TWO-POINT THREE BILLION BUSHELS IN 2016, UP 12% FROM A YEAR AGO. THE NATIONAL AVERAGE YIELD IS 52-POINT-SIX BUSHELS AN ACRE. THAT'S UP NINE BUSHELS AND A NEW RECORD HIGH. NOW TO CORN -USDA PROJECTS ONE-POINT-SEVEN BILLION BUSHELS OF OLD CROP CORN AND 197 MILLION BUSHELS OF OLD CROP SOYBEANS IN STORAGE, BOTH OF THOSE ESTIMATES ARE LOWER THAN PRE-REPORT ESTIMATES.  "I THINK THE BIGGEST THING WAS THAT IT WAS PRETTY WELL ANTICIPATED IN THE CASE OF CORN AND BEANS STOCKS AND IT WASN'T BEARISH. SO IT MAY NOT BE JUST YOU KNOW KNEE JERK BULLISH BUT THOSE ARE STILL FAIRLY TIGHT NUMBERS YOU KNOW FOR CORN AND BEAN STOCKS BOTH. AND THAT TO ME RAISES THE BAR THAT WE GOT TO KEEP RAISING BIG CROPS AND KINDA REPEAT THIS CYCLE AGAIN OF UNCERTAINTY, AND NEEDING TO RAISE A BIG CROP NEXT YEAR AS WELL. SO TO ME I THINK THAT PROBABLY IT MAYBE PUTS A BETTER FLOOR UNDERNEATH OF US HERE ON CORN AND BEANS. BUT I GUESS THE BIGGEST THING WAS THERE WAS NO SURPRISE WHICH FOR NOW IS A GOOD THING." AND IT APPEARS FARMERS ARE HOLDING ONTO MORE OF THEIR CORN. ON-FARM STORAGE CLIMBED SIX PERCENT FROM A YEAR AGO. OFF-FARM STORAGE IS DOWN TWO PERCENT. WE HAVE A BIN SITE WE USE WHICH WE WILL FILL THAT BIN SITE. I HAVE QUITE A BIT OF CORN SOLD. WE WILL DELIVER THE CONTRACTS. THERE WILL BE QUITE A BIT OF BALANCE THAT MY PLANS RIGHT NOW ARE TO WAIT UNTIL THE MIDDLE OF HARVEST, PROBABLY SELL IT AND THEN REOWN IT. I DO THINK WE'RE GOING TO HAVE A BIG CROP COMING IN AND I BUILT SOME MORE GRAIN BINS. SO WE'RE GOING TO BE ABLE TO STORE MOST OF IT. ALMOST ALL OF THE CROP WE'LL BE ABLE TO STORE ON HAND."TYPICALLY FOR HARVEST EFFICIENCY, WE'RE GOING TO STORE OUR CORN. BECAUSE WAITING AT THE ELEVATOR AT HARVEST DOESN'T WORK FOR US. WE NEED TO KEEP THE COMBINE MOVING AND GRAIN MOVING SO WE TYPICALLY WILL STORE OUR CORN."

FARM VALUES DROP
A NEW REPORT THIS WEEK BY THE FEDERAL RESERVE BANK OF KANSAS CITY EXPECTS THE FARM ECONOMY TO CONTINUE ITS SLUMP INTO THE FOURTH QUARTER. THE BANK SAYS THE THIRD QUARTER WASN'T GOOD EITHER. THE FARM ECONOMY WEAKENED IN THE THIRD QUARTER DESPITE AN UPWARD REVISION TO FARM INCOME PROJECTIONS FROM USDA. FOLLOWING A BRIEF REBOUND IN CROP PRICES IN THE SECOND QUARTER, THE BANK SAYS PROFIT MARGINS FOR CROP PRODUCERS DETERIORATED IN AUGUST AND SEPTEMBER. PROFIT MARGINS ALSO REMAINED POOR IN THE CATTLE AND DAIRY SECTORS. A SOFTENING FARM ECONOMY NOW DRIVING DOWN FARMLAND VALUES. IN IOWA, FARMLAND VALUES HAVE DIPPED SIGNIFICANTLY OVER THE LAST THREE YEARS. NATIONAL REPORTER BETSY JIBBEN REPORTS. HARVEST CONDITIONS VARY IN THE FIELDS THIS SEASON. BUT ONE THOUGHT SEEMS TO REMAIN... "DO YOU LOOK AT 3 DOLLAR CORN AS A PLACE YOU CAN SELL BECAUSE IT DOESN'T LOOK LIKE 5 DOLLAR CORN IS AROUND THE CORNER ANYMORE," USDA SAYS NET FARM INCOME IS DOWN NEARLY HALF FROM THE HIGHS OF 2013. LANDOWNER NEWS LETTER EDITOR, MIKE WALSTEN SAYS THE INCOME AND CROP PRICES ARE BLEEDING INTO FARMLAND VALUES-ESPECIALLY IN IOWA. "IOWA FARMLAND VALUES ARE DOWN 9 PERCENT ON AN ANNUAL BASIS CONDUCTED BY THE STATE'S FARM REAL ESTATE PROS. OVER A THREE YEAR PERIOD, WE ARE FINDING VALUES ARE DOWN ANYWHERE FROM 25 TO 30 PERCENT," ACCORDING TO THE IOWA CHAPTER OF RELATORS LAND INSTITUTE THE AVERAGE PRICE PER ACRE IN IOWA IS AROUND 6-THOUSAND 486 DOLLARS. ALL NINE CROP REPORTING DISTRICTS SHOWED YEAR OVER YEAR DECLINES WITH THE BIGGEST DROP HITTING SOUTHWEST IOWA. "GOING FORWARD, AS THE GRAIN MARKET STARTS TO FIND STABILITY AND THE MARKET ADJUSTS, IT LOOKS LIKE THIS FARMLAND MARKET IS STARTING TO FIND STABILITY ON THE IOWA SIDE. OVER IN ILLINOIS, LAND VALUES ARE HOLDING STEADY BUT WITH A WEAKER FAVOR. AND THE DOWNTREND IN ILLINOIS IN THE CORN BELT IS RUNNING ONE YEAR BEHIND WHAT WE'VE SEEN IN IOWA. THERE COULD BE ANOTHER DOWN YEAR BEFORE THE PRICING FINDS ITS FLOOR," ANOTHER FACTOR IN THE AG ECONOMY. OUT OF THE FARMER'S CONTROL THIS HARVEST. REPORTING FOR AGDAY, I'M BETSY JIBBEN. THANKS BETSY.

DIPPING CATTLE PRICES
IT'S NOT JUST GRAINS, CATTLE PRICES DIPPING AGAIN FRIDAY. BOTH LIVE AND FEEDER CATTLE FUTURES SPENDING FRIDAY IN THE RED. THE OCTOBER LIVE CATTLE FUTURES CONTRACT TRADED BELOW THE DOLLAR MARK FOR THE THIRD SESSION IN SEPTEMBER. SELLERS AT THE SALE BARN HOPE THESE PRICES DON'T LAST FOR LONG. "YES I THINK IT WILL HAVE AN IMPACT. EVERYONE IS TRYING TO BUY FEEDERS AND IF WE HAVE FAT CATTLE GOING LOWER AND THE FUTURES GOING LOWER, IT'S GOING TO BE HARD TO MAKE ANY PROTECTIONS ON WITH HEDGES AND THAT AND THEY'LL HAVE TO BUY THE FEEDERS LOWER." THE USDA SAYS IT WANTS MEAT PACKERS TO NOW REPORT CATTLE PURCHASES MADE THROUGH ONLINE AUCTIONS AT THE FED CATTLE EXCHANGE.  THE MOVE IS AN ATTEMPT TO BRING MORE TRANSPARENCY TO PRICING. THE REPORTING IS SET TO START OCTOBER FIFTH. USDA SAYS USE OF THE CASH SLAUGHTER MARKET HAS FALLEN DRAMATICALLY SINCE 2010. THE INDUSTRY NOW USES MORE FORWARD CONTRACTS TO SELL CATTLE WHICH CAN MAKE IT DIFFICULT TO DETERMINE PRICES.

CROP COMMENTS
CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM DOW AGROSCIENCES. CALIFORNIA WATER REGULATORS HAVE CLOSED THE BOOK ON ANOTHER "WATER YEAR". AND THEY DESCRIBED THE SITUATION AS A 'SNOW DROUGHT'. THE STATE DEPARTMENT OF WATER RESOURCES SAYS WHEN PRECIPITATION FELL IN THE SIERRA NEVADAS, IT WAS MORE OFTEN RAIN THAN SNOW. THE STATE LOSES OUT ON THE ADVANTAGE OF SNOW-PACK TO PRESERVE THE WATER. THE RAIN GOT SOAKED-UP BY PARCHED LAND BEFORE REACHING THE STATE'S WATER RESERVOIRS. TODAY'S CROP COMMENTS HAS MIKE HOFFMAN KEEPING UP WITH HARVEST ONCE AGAIN. GOOD MORNING MIKE. GOOD MORNING, CLINTON. LET'S START OFF IN EAST-CENTRAL ILLINOIS, MIKE CUNNINGHAM SAYS HE'S BEEN ROLLING SINCE MID-SEPTEMBER. HE'S SEEIENG ABOVE AVERAGE YIELDS SO FAR ON CORN, AVERAGING 220 BUSHELS PER ACRE PLUS. MOISTURE IS IN THE HIGH TEENS. HE HASN'T CUT SOYBEANS YET. MOVING OVER TO THE NORTHERN TIP OF IOWA. BIL SCHRADER SENT US THIS PICTURE OF SOYBEANS IN HIS AREA. USDA IS RELEASING A NEW CROP PRODUCTION REPORT LATER THIS AFTERNOON. TAKING A LOOK A THE WEATHER MAP FROM THIS LAST WEEK WE'LL TAKE A CLOSER LOOK AT THIS COMING UP BUT YOU CAN SEE THE POCKETS FO HEAVIER RAIN FALL ESPCIALLY IN THE MID ATLANTIC WE'LL TALK ABOUT THAT AND HAVE YOUR FORECAST COMIGN UP BUT NOW HERE ARE SOME HOMETOWN TEMPS. WHEN WE COME BACK WE'LL CONTINUE OUR LOOK AT FRIDAY'S GRAIN STOCKS REPORT. WHAT DOES IT MEAN FOR HARVEST PRICES. AND LATER, MACHINERY PETE. "STAY TUNED FOLKS COMING UP WE'LL TALK HOW AUCTION PRICES COMPARED TO ADVERTISED PRICES." PLUS BIRD MIGRATION IS UNDERWAY AS OUR WINGED FRIENDS ESCAPE THE SNOW AND COLD OF NORTH AMERICA. WE'LL TAKE YOU TO A UNIQUE SPOT WHERE A TINY WEST COAST BIRD LIKES TO STOP FOR THE NIGHT.

AGRIBUSINESS
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA -MAKERS OF VIKING SIDEBY-SIDES. YAMAHA -REAL WORLD TOUGH.  HERE AT THE AGRIBUSINESS DESK WE HAVE CHIP NELLINGER WITH BLUE REEF AGRIMARKETING, ALRIGHT LET'S PICK UP WITH THIS CONVERSATION WHERE WE LEFT OFF OF THE STOCKS REPORT. THE LONG TERM, AS WE GET INTO HARVEST AND THESE CROPS START COMING OUT OF THE FIELD, WHERE DOES THIS PUT US? WELL, YOU KNOW, I THINK IT PUTS A FLOOR UNDERNEATH OF US BECAUSE THERE WASN'T THAT BIG BEARISH SHOCK, ESPECIALLY IN THE CORN MARKET WHICH WE WERE A LITTLE BIT FEARFUL OF. SO, WHEN YOU TURN THE CALENDAR TO OCTOBER, HISTORICALLY OVER A LONG-TERM HORIZON, FIVE, TEN, THIRTY YEARS, YOU GET TO THE FIRST WEEK IN OCTOBER, AND YOU'RE ABOUT TO THE HARVEST LOW IN CORN. SO I DON'T KNOW WHY THAT WOULD BE ANY DIFFERENT THIS YEAR. SO TO ME, YOU KNOW, I THINK THAT WE HAVE A LITTLE BIT OF A FLOOR UNDERNEATH OF US NOW AND IT DOESN'T MEAN WE'RE GOING TO TURN AROUND AND GO IMMEDIATELY HIGHER. BUT A MEANS THAT MAYBE THE DOWNSIDES GETTING LIMITED FROM THIS POINT AND THE STORAGE NUMBERS THAT WE SAW ON FARM AND OTHER PLACES, ANY TAKE AWAYS FROM THERE? IT SEEMS LIKE WE MOVED SOME GRAIN OBVIOUSLY. YEAH I THINK WAS A LOT OF OLD CROP GRAIN MOVED FROM LATE IN THE IN THE SEASON RIGHT AHEAD OF NEW CROP COMING ON. WE'RE STILL GOING TO KIND OF STRUGGLE TO GET THAT CYCLED BACK TO NORMAL CAUSE THERE'S SO MUCH ALL CROP CARRIED OVER. SO I THINK THAT'S A SLOW PROCESS. WE BUILD MORE ON FARM STORAGE LAST YEAR SO FARMERS ARE BETTER ABLE TO DO THAT AND SO NOT KNOW BIG SHOCKS THERE TO ME. I THINK ONE THING, YOU KNOW THE NORMAL PATTERN, AND THAT KIND OF SHOWS IN THE STOCKS NUMBER IS FARMERS SELLING CORN AND SELLING THEIR BEANS OFF OF THE FIELD. I THINK THAT WILL CONTINUE THROUGH THIS HARVEST. AS YOU LOOK AT THE DEMAND IN A FEED RESIDUAL IS ONE OF THE THINGS WE LIKE TO WATCH, ANYTHING FROM THEIR STAND OUT? NO, AS FAR AS OLD CROP GOES, THERE WAS A LOT OF TALK ABOUT HOW IT SEEMS LIKE THEY PEGGED IT PRETTY CLOSE. NOW THE THIS SCARY PART IS WITH A WHEAT STOCKS BEING SO LARGE, CAN WE HIT THAT NUMBER? THE NEW CROP ON CORN FEED OR ARE WE GOING TO START SEEING SOME SWITCHING OVER FROM CORN TO WHEAT FEEDING. SO THAT DEBATE IS GOING TO CONTINUE FOR A COUPLE MORE QUARTERS BEFORE WE KNOW MORE ABOUT THAT. LOGICALLY, YOU COULD YOU KNOW THAT YOU COULD EXPECT SOME SWITCHING. IT'S NOT ALWAYS EASY TO DO IN REAL TIME IN THE FEED LOT, BUT THAT IS SOMETHING TO WATCH GOING FORWARD. FOR THE '17 FEED USAGE NUMBER. ALRIGHT, WE'LL KEEP AN EYE ON IT. THANKS CHIP. WE'LL BE BACK WITH MORE AGDAY IN A MOMENT. FARMING HAS CHANGED. MARKETS ARE RISKIER THAN EVER. FOR CUTOMIZED FOCUSED COMMODITY MARKETING, CONTRACT BLUE REEF AGRIMARKETING AT 309-550-7213 OR ONLINE AT WWW.BLUEREEFINC.COM.

NATIONAL WEATHER
AND WELCOME BACK TO AGDAY, A KNOW A LOT OF YOU, ESPECIALLY THROUGH THE MISSISSIPPI VALLEY HAD SOME DRY WEATHER THIS WEEK. BUT PARTS OF TEXAS, SOME PRETTY HEAVY RAINFALL IN THE SAN ANTONIO AREA AREAS WEST AND SOUTH FROM THERE AS WELL.AS WELL AS SOME SECTIONS NORTH OF SAN ANGELO IN WEST OF DALLAS, MOVING OVER TO THE MID ATLANTIC, THE COMPUTER MODEL SHOWED A LITTLE BIT MORE THAN YOU ACTUALLY GOT IN PARTS OF VIRGINIA INTO NORTHERN NORTH CAROLINA BUT YOU CAN STILL SEE SOME POCKETS OF EIGHT INCHES PLUS SOUTH OF RALEIGH THERE AND ALSO OVER IN DELAWARE IN SOME OF THE SURROUNDING SECTIONS AND SOME AREAS DEFINITELY HAD SOME FLOODING RAINS AGAIN. FINALLY ARE GETTING RID OF THAT SYSTEM THOUGH THAT A CAUSE THE LOW CLOUDS AND LIGHT RAIN ACROSS MOST OF THE MIDDLE OF THE COUNTRY. THAT'S IN THE OHIO VALLEY, GREAT LAKES, THAT'S MOVING AWAY NOW. YOU CAN SEE THE NEXT TROUGH THAT'S BEEN DIGGING INTO THE WEST. WE'LL BE UP PRETTY SOON A STORM SYSTEM UP THROUGH THE MIDDLE OF THE COUNTRY, ESPECIAL THE NORTHERN PLAINS AS WE HEAD THROUGH THE MIDDLE OF THE WEEKAND THEN THAT CAN CUT OFF LOW ARE MOVES IN THE SOUTHERN CANADA. AND EVENTUALLY IT DIGS IN HIS LITTLE BIT OF A TROUGH OVER THE WEEKEND AND INTO EARLY NEXT WEEK INTO NEW ENGLAND COOLING THINGS DOWN BUT THE REST OF THE COUNTRY KIND OF GOES ZONAL FOR A SHORT PERIOD OF TIME LATE IN THE WEEKEND EARLY NEXT WEEK. SO TEMPERATURES THIS WEEK, WE'RE EXPECTED TO BE ABOVE NORMAL FOR THE EASTERN THIRD EXCEPT FOR CENTRAL AND SOUTH FLORIDA. OVER NORMAL FOR THE NORTHWESTERN PLAINS AND ALSO MOST OF THE ROCKY MOUNTAIN REGION WAS NEAR NORMAL CONDITIONS IN BETWEEN PRECIPITATION THIS WEEK, BELOW NORMAL ALL THE WAY UP TO THE CENTRAL AND EASTERN LAKES. AND BELOW NORMAL FROM A WEST TEXAS ALL WAY BACK THROUGH SOUTHERN CALIFORNIA. THAT STORM SYSTEM IN THE NORTHERN PLAINS, PROBABLY PRODUCING ABOVE NORMAL THERE.IT'S THE SAME THING IN THE PACIFIC NORTHWEST AND WE WILL HAVE TO WATCH THE HURRICANE OFF THE EAST COAST. WE'LL HAVE TO SEE. BUT I'M JUST GOING ABOUT NORMAL RIGHT ALONG THE COAST THERE. IT LOOKS LIKE MORE THAN LIKELY WILL BE BE SUSTAINED FARTHER EAST. OK, HERE'S OUR 90 DAY OUTLOOK GOING MONTH BY MONTH. OCTOBER TEMPERATURES ABOVE NORMAL IN THE SOUTHEAST, OHIO VALLEY GREAT LAKES, NORTHEAST AND IN THE PACIFIC NORTHWEST. NORTHERN PLAINS AND THE WEST, REALLY MOST OF THE COUNTRY. IT'S BELOW NORMAL OR NEAR NORMAL I SHOULD SAY IN THE CENTRAL AND SOUTHERN PLAINS STATES. NOW WE KIND OF FLIP FLOP THAT A LITTLE BIT BY NOVEMBER. WE START TO GET INTO MORE OF A WINTER LIKE PATTERN AS WE HEAD TOWARD DECEMBER. SO BELOW NORMAL IN SOUTH CENTRAL CANADA BUT MUCH OF THE MIDDLE OF THE COUNTRY EXPECTED TO BE NEAR NORMAL, EAST COAST OFF COAST AND MOST OF THE WEST ABOVE NORMAL TEMPERATURES. AND FOR DECEMBER, WE GO BELOW NORMAL FOR THE NORTHERN MISSISSIPPI AND MOST OF THE GREAT LAKES REGION NORTHWARD. THAT'S ABOVE NORMAL AND RIGHT ALONG THE EASTERN SEABOARD OFF COAST AND AGAIN MUCH OF THE WEST. AS FAR AS PRECIPITATION OVER THE NEXT NINETY DAYS, ABOVE NORMAL FOR THE GREAT LIGHTS AND THE NORTHWEST BELOW NORMAL IN MANY SOUTHERN SECTIONS. THAT'S A LOOK ACROSS THE COUNTRY.

REGIONAL WEATHER
NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE'LL HEAD TO PRICE, UTAH. FIRST OF ALL, VARIABLY CLOUDY, A SHOWER OR THUNDERSTORM POSSIBLE. A HIGH OF FIFTY SIX. DECATUR, ILLINOIS, PARTLY TO MOSTLY SUNNY AND NICE. THE HIGH IS SEVENTY THREE. AND FINALLY, SPRINGFIELD, MASSACHUSETTS, VARIABLY CLOUDY WITH A COUPLE OF SHOWERS LIKELY, HIGH SIXTY NINE.

TEASE
MACHINERY PETE JOINS US NEXT...WITH A DISCUSSION ON WHERE TO FIND THE BEST PRICES. AND THOUSANDS OF BIRDS ARE FLOCKING TO ONE SPECIFIC SPOT. WHAT'S THE BIG DRAW? FIND OUT WHEN WE HEAD IN THE COUNTRY. YOU'RE A FARMER. AND YOU ARE RELENTLESS. WE'RE RELENTLESS TOO. VISIT MYCOGEN-DOT-COM, OR YOUR LOCAL MYCOGEN SEEDS DEALER TO LEARN MORE ABOUT OUR RELENTLESS DEDICATION TO YOU.

MACHINERY PETE
MACHINERY PETE -SPONSORED BY THE GRIT, TOUGHNESS AND PERSERVERANCE OF FARMERS EVERYWHERE, WHO RELY ON CHEVRON DELO. BECAUSE UNCOMMON JOBS REQUIRE UNCOMMON TOUGHNESS. CHEVRON DELO -LET'S GO FURTHER.WHERE ARE YOU GOING TO GET A BETTER PRICE FOR USED FARM EQUIPMENT AN AUCTION OR A DEALER? MACHINERY PETE HAS SOME PRICES THAT WILL HELP ANSWER THAT QUESTION. EVER WONDER HOW AUCTION PRICES COMPARED TO ADVERTISE PRICES? ME TOO. IN FACT FOR YEARS IN ADDITION TO COMPILING ALL THE AUCTION SALE PRICE DATA ON ALL TYPES OF EQUIPMENT, I'VE ALSO BEEN COMPILING DEALER LISTED ADVERTISED PRICES. NOW WHAT I FOUND OVER THE YEARS FOLKS IT WAS INTERESTING THERE IS A RATIO ABOUT SEVENTY FOUR TO SEVENTY SIX PERCENT AND THAT WOULD BE THE AVERAGE AUCTION PRICE COMPARED TO THE AVERAGE DEALER ADVERTISED PRICE. AND WHAT I FOUND IN THE LAST FEW YEARS IS USED VALUES GOT SOFTER IS THAT RATIO FELL QUITE A BIT. BUT JUST LATELY HERE IT'S BEEN GETTING STRONGER AND KINDA STABILIZING. NOW LET'S TAKE A LOOK OF A COUPLE OF EXAMPLES SO IF WE TOOK A 2014 MODEL JOHN DEERE EIGHTY THREE TWENTY R TRACTOR SO FAR THIS YEAR AT AUCTION AVERAGE SALE PRICE $172,600. AVERAGE DEALER ADVERTISED PRICE SO FAR THIS YEAR; $241,127. DO THE MATH HERE. IT COMES OUT A SEVENTY ONE POINT SIX PERCENT. AUCTION PRICE COMPARED TO THE DEALER AD PRICE. NOW LET'S HOP OVER AND TAKE A LOOK AT A 2014 JOHN DEERE S680 COMBINE. SO FAR THIS YEAR AVERAGE AUCTION SALE PRICE $220 THOUSAND, EXCUSE ME, $220,688. AVERAGE DEALER ADVERTISED PRICE; $308,751. SO AGAIN DO THE MATH. IT COMES OUT TO SEVENTY ONE POINT FIVE PERCENT AUCTION PRICE COMPARED TO A DEALER AD PRICE. SO DEFINITELY SOME INTERESTING DATA TO CHEW ON HERE. AND REMEMBER FOLKS WHEN YOU'RE LOOKING FOR USED EQUIPMENT, YOU KNOW WHERE TO GO. MACHINERYPETE.COM. WE HAVE OVER HUNDRED AND FIVE THOUSAND PIECES FOR A LOOK.

TEASE
NEXT -NOTED FILM DIRECTOR ALFRED HITCHCOCK MIGHT BE PROUD TO SEE  WHAT'S PLAYING OUT IN THE SKIES OVER PORTLAND, OREGON. IT'S AN INVASION OF BIRDS. AND THEY'RE TARGETING CHIMNEYS! FIND OUT WHY WHEN WE COME BACK.

IN THE COUNTRY
IN THE COUNTRY -BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT TRACTORS -AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY. LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER. BIRDS OF ALL SHAPES, SIZES AND SPECIES ARE MAKING THEIR ANNUAL MIGRATION TO WARMER CLIMATES. ALONG THE WAY THEY NEED TO FIND A PLACETO STOP. ONE SMALL BIRD IN PARTICULAR FINDS SAFETY INSIDE OLD BRICK CHIMNEYS. AND IN THIS CASE, THE BIRD IS JOINED BY THOUSANDS OF OTHERS. GILLIAN FLACCUS SAYS THE EVENING-ROOST IS DRAWING LOTS OF BIRDWATCHERS TOO. THIS MAY LOOK LIKE A SCENE RIGHT OUT OF ALFRED HITCHCOCK'S "THE BIRDS" .BUT INSTEAD OF TERRIFYING AUDIENCES THESE BIRDS DRAW A CROWD AT THIS ELEMENTARY SCHOOL IN PORTLAND, OREGON. THE VAUX'S SWIFTS TINY BIRDS WITH SWALLOW-LIKE WINGS Ñ CIRCLE THE SCHOOL'S OLD BRICK CHIMNEY BEFORE DIVING IN. THIS IS WHAT IT LOOKS LIKE INSIDE A CHIMNEY WHEN THOUSANDS ROOST ALL AT ONCE. "THIS CHIMNEY HOLDS Ñ OR CAN HOLD Ñ SOME OF THE HIGHEST NUMBERS OF SWIFTS DURING THE FALL MIGRATION. THEY'VE HAD AS MANY AS 16,000 BIRDS HERE SINCE WE STARTED MONITORING HERE IN 2009." THE NATURAL OCCURANCE CAN ATTRACT UP TO 2,000 PEOPLE A NIGHT BETWEEN LATE AUGUST AND EARLY OCTOBER. LANE HEIMER OF HAGERSTOWN, MARYLAND CAME TO WATCH AND PICNICKED WITH FAMILY AND FRIENDS. "IT'S MY DAUGHTER'S 30TH BIRTHDAY AND THIS WAS HER CHOICE FOR A BIRTHDAY PARTY." BUT WHILE IT'S A FUN FAMILY EVENING Ö WHAT'S HAPPENING TO THESE TINY BIRDS ISN'T SO AMUSING. WITH FORESTS DWINDLING, THE SWIFTS USE OLD BRICK CHIMNEYS TO REST AT NIGHT AS THEY MIGRATE SOUTH EACH WINTER AND BACK NORTH EACH SPRING. A SIMILAR SCENE FROM CANADA TO SAN DIEGO Ö AS THOUSANDS JAM INTO NARROW SMOKE STACKS Ö RETURNING TO THE SAME PLACES YEAR AFTER YEAR. NOW, THOSE AGING CHIMNEYS ARE DISAPPEARING Ö.THE NUMBER OF VAUX'S SWIFTS DECLINING BY 2 PERCENT A YEAR. "AND IT'S OBVIOUS THAT IT WON'T BE LONG BEFORE IT'S GOING TO BE HARD FOR THE SWIFTS TO FIND A NICE, BRICK ROOST SITE." THIS POPULAR ROOSTING SPOT IN LOS ANGELES WAS RECENTLY CAPPED OFF TO MAKE WAY FOR TRENDY LOFTS. THE CITY OF ALBANY, OREGON, THIS SUMMER DEMOLISHED A FIRE STATION USED BY THOUSANDS OF SWIFTS BECAUSE THE STATION DIDN'T MEET SEISMIC CODES. NOW, THE CITY AND THE AUDUBON SOCIETY ARE WORKING TOGETHER TO LURE THE BIRDS BACK WITH A 30-FOOT-TALL REPLACEMENT CHIMNEY MADE OF CONCRETE. SO FAR, IT HASN'T WORKED. MEANTIME, THE PEOPLE AT CHAPMAN ELEMENTARY SCHOOL  ARE HELPING TO SPREAD THE LESSON ABOUT THE IMPORTANCE OF BIG BRICK CHIMNEYS  TO A VERY LITTLE BIRD. GILLIAN FLACCUS, ASSOCIATED PRESS, PORTLAND, OREGON.

CLOSE
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. HIGH STRENGTH STEEL FOR HIGH STRENGTH DEPENDABILITY, THE CHEVY SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION.

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