AgDay Daily Recap -October 3, 2017

October 3, 2017 02:57 AM
 

TODAY ON AGDAY
OCTOBER 3, 2017


HEADLINES
DRY WEATHER HALTING TRAFFIC ON THE OHIO RIVER,  BUT IT'S ALSO COSTING FARMERS ALONG THE  MISSISSIPPI. WE'LL TELL YOU HOW MUCH.  IN AGRIBUSINESS, WET WEATHER DRENCHES A MAJOR  COTTON REGION, BUT HOW COULD IT IMPACT PRICE?  <I STILL THINK THERE'S A GOOD OPPORTUNITY TO SELL.> OUR ANALYSIS DIGS INTO WHICH REGION THE MARKET IS WATCHING.  IS CASHEW MILK REALLY MILK? DAIRY PRODUCERS  LOOKING TO FEDERAL AUTHORITIES FOR HELP.  AND THE EXPERIENCE OF DRIVING A MODEL T -- IN  MODERN DAY MICHIGAN. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

BACKLOGGED BARGES ON OHIO RIVER
GOOD MORNING I'M CLINTON GRIFFITHS. THE DRY  WEATHER DRAINING MAJOR WATERWAYS DURING  HARVEST. AND NOW BACKLOGGED BARGES AND  PRESSURED BASIS MEANS THE MARKET IS BASICALLY  PAYING FARMERS TO HOLD ON TO THEIR GRAIN UNTIL  DECMEBR.  IT COULDN'T COME AT A WORSE TIME, AS FARMERS  WORK TO HARVEST WHAT USDA THINKS IS THE THIRD  LARGEST CORN CROP EVER. THE ISSUE IS ALONG THE MISSISIPPI, ILLINOIS AND OHIO  RIVERS.  U-S WATERWAYS COUNCIL SAYS PORTIONS OF THE  OHIO RIVER ARE NOW CLOSED TO RIVER TRAFFIC, AT  LOCK 52, LOCATED NEAR BROOKPORT, ILLINOIS AND  LOCK 53, WHICH SITS UPSTREAM FROM CAIRO, ILLINOIS  WAS CLOSED BUT NOW IS BACK OPEN THIS MORNING.  THE U-S ARMY CORPS OF ENGINEER SAYS THEY AREN'T  SEEING ANY MAJOR RIVER DELAYS ALONG THE  MISSISSIPPI, BUT THAT'S NOT THE STORY FROM USDA  AND GRAIN HANDLERS LIKE ADM.  ADM REVEALING LAST WEEK THAT BARGE RATES  SURGED, AS REPORTS INDICATE BARGES ARE ONLY  ABLE TO HANDLE HALF NORMAL CAPACITY.  NOW SOME FARMERS SAY THEY'RE BEING ASKED TO  STORE THEIR GRAIN UNTIL THE ISSUE EASES. USDA REPORTING THOSE BARGE RATES ARE UP AS  MUCH AS 50 PERCENT IN SOME AREAS.  AND THEY EXPECT THIS TO CONTINUE THROUGH MID- OCTOBER. KARL SETZER OF MAX GRAIN YIELD TELLING AGDAY  THAT LOOKING AT THE CARRY IN THE MARKET, IT'S  PAYING GRAIN MERCHANDISERS 80 CENTS TO HOLD  ONTO GRAIN UNTIL DECEMBER, WHICH MEANS BETTER  BASIS FOR FARMERS, TOO.  WITHOUT WIDESPREAD RAINS LAST WEEK, HARVEST  CONTINUES TO HEAT UP.  THE LATEST HARVEST PROGRESS NUMBERS OUT FROM  USDA LATE MONDAY.

I-80 TEASE
OUR OWN BETSY JIBBEN IS ON THE ROAD AGAIN THIS  WEEK FOR OUR I-80 HARVEST TOUR.THIS WEEK SHE'S IN ILLINOIS WHERE FARMERS HAVE SEEN A HOST OF CHALLENGES THIS GROWING SEASON. BUT SO FAR, THE GROWERS BETSY SPOKE WITH ARE  SEEING YIELDS ABOVE EXPECTATIONS. "WE GOT SOME PRETTY GOOD STANDS BUT THEY STRUGGLED TO GET UP. AS YOU LOOK AT HARVEST YOU HAVE TO BE PRETTY PLEASED WITH THIS. THERE'S 105 PODS AND A NUMBER OF 4 BEAN PODS BEING FOUND ON THIS SO THERE'S A LOT OF POTENTIAL IN THESE BEANS."YOU CAN SEE MORE OF BETSY'S INTERVIEW  TOMORROW MORNING DURING OUR I 80 HARVEST  TOUR...OR ONLINE AT OUR FACEBOOK PAGE OR AGWEB  DOT COM

CROP COMMENTS
CROP COMMENTS LOOKING AT A COUPLE OF DIFFERENT  CROPS TODAY. MIKE HOFFMAN JOINS US WITH DETAILS.  GOOD MORNING MIKE. GOOD MORNING CLINTON. WE BEGIN IN WISCONSIN WITH CRANBERRY HARVEST. OUR OWN WES MILLS SENT US THIS PHOTO FROM THE  GERALD OLSEN CRANBERRY MARSH. THEY FARM ABOUT 10 ACRES OF CRANBERRY'S AND  ARE STILL AN INDENPENDENT OUTFIT-- NOT PART OF A  BIGGER CO-OP. THE FAMILY ALSO RAISES CORN, SOYBEANS AND BEEF  CATTLE. THE WISCONSIN STATE CRANBERRY GROWERS  ASSOCIATION SAYS THE STATE WILL PRODUCE AN  ESTIMATED 5.6 MILLION BARRELS OF CRANBERRIES THIS  YEAR. AND TAKE A LOOK AT THIS PHOTO FROM OUR  FACEBOOK PAGE.  SAM RODE OF DELPHOS OHIO POSTING IT THERE.  SHE SAYS SOYBEAN HARVEST JUST STARTED AND THE  CROPS LOOK GOOD--- THAT'S ACCORDING OF COURSE  TO KAYLEIGH AND OLIVIA AGES 3 AND 2.  VERY CUTE. NOW HERE ARE SOME HOMETOWN TEMPS. WITH MARKET PRICES CONSTANTLY CHANGING, IT'S IMPORTANT TO  KNOW WHERE CURRENT PRICES STAND. GET MARKET PRICES DELIVERED  RIGHT TO YOUR MOBILE PHONE, JUST TEXT MARKETS TO 31313 TO GET STARTED!

WORLD DAIRY EXPO
WORLD DAIRY EXPO OFFICIALLY KICKS OFF THIS  MORNING IN MADISON WISCONSIN. THE EVENT TYPICALLY PULLS IN 75-THOUSAND PEOPLE  FROM MORE THAN 100 DIFFERENT COUNTRIES. THIS YEAR MARKS THE 51ST ANNUAL EXPO AND  INCLUDES SHOWS, 850 COMPANIES EXHIBITING AT THE  TRADE SHOW AND MUCH MORE.  WE'LL HAVE MORE FROM WORLD DAIRY EXPO AND A  FRESH LOOK AT THE DAIRY INDUSTRY LATER IN THE  WEEK.        

REAL FACES OF DAIRY
BACK ON THE FARM, IT CAN BE HARD TO RELAY THE  MESSAGE OF AGRICULTURE TO CONSUMERS. ONE PRODUCER WHO IS ALSO A DIETICIAN IS USING HER  PASSION FOR BOTH THE FARM AND FOOD TO TACKLE  MISCONCEPTIONS IN A VERY UNIQUE WAY.   BETSY JIBBEN HAS THE STORY OF FORT WAYNE,  INDIANA PRODUCER, SARAH KNEEN-ERT IN THIS  SEGMENT OF REAL FACES OF DAIRY. <NATS OF HER MIC'ED UP WITH KIDS AND CALVES>  THE KUEHNERT DAIRY FARM IN FORT WAYNE, INDIANA IS  FILLED WITH GUESTS…  <NAT OF HER MIC'ED UP TALKING> QUESTIONS AND CHATTER  FROM YOUNG MILK DRINKERS <NAT'S OF HER MIC'ED UP WITH  THE KIDS > THE WAY PRODUCER SARAH KUEHNERT  PREFERS IT.  I THINK THE BIGGEST THING IS BUILDING A RELATIONSHIP WITH  PEOPLE. LET PEOPLE COME OUT AND SEE WHAT YOU DO.">   AS SHE STRIVES TO SHARE THE FAMILY'S 300 HEAD  HOLSTEIN DAIRY WITH CONSUMERS WHO WANT TO  <"I TRY TO DEVELOP THAT RELATIONSHIP WITH THEM AND UNDERSTAND  WHAT THEIR NEEDS ARE AND IN RETURN, THEY KIND OF TRUST ME OR TAKE  WHAT I HAVE TO SAY TO HEART. IT MAY NOT CHANGE THEIR MIND BUT IT  WILL OPEN THEIR MIND TO WHAT I DO WHAT I DO OR WHY I BELIEVE WHAT I  BELIEVE,">  BUT THIS PRODUCER HAS A NICHE.. . KNEEN-ERT IS  ALSO A DIETITICAN WHO MIXES TOGETHER MESSAGES  ABOUT FARM LIFE AND NUTRTITION.     <"I CAN TALK MORE IN COMMON TERMS AS TO WHAT DAIRY PRODUCTS  DOES TO OUR BODIES, WHAT PEOPLE CAN DO IF THEY'RE LACTOSE  INTOLERANT, IF THEY HAVE MILK ALLERGIES…">   <IN ADDITION TO HOSTING TOURS, THE DAIRY PUTS ON A FALL FESTIVAL   THIS YEAR THE THEME FOR OUR FESTIVAL IS STAR WARS…">  INCORPORATED WITH A DAIRY TWIST WHICH WILL BE  SEEN BY  ROUGHLY 25-THOUSAND CONSUMERS WILL  ATTEND OVER 6 WEEKENDS. <"SO THE CORN MAIZE THIS YEAR DARTH VADER IS HOLDING MILK AND ITS  SLOGAN IS 'USE THE FORCE OF MILK.'">  KNEEN-ERT TRIES TO MAKE IT MORE THAN JUST FUN  AND GAMES… VISITORS HAVE A CHANCE TO SEE ALL OF  THE FARM. <WE HAVE A COMPLETE FARM TOUR OF THE ENTIRE FARM AND WE HIDE  NOTHING,">  IT'S NOT EASY OPENING THE DOORS OF THE FARM.. AND  EARLY ON KNEEN-ERT BROUGHT IN PEOPLE FROM THE  COMMUNITY TO PRACTICE.  <I SAID ASK ME QUESTIONS. GET ON THIS HAY RIDE. I WANT TO KNOW  WHAT YOU SEE. I WANT TO KNOW HOW IT MAKES YOU FEEL,">  ADVICE ON STARTING THE CONVERSATION AS SHE  ENCOURAGES OTHER PRODUCERS TO FOLLOW. <"IT'S JUST HAVING AN OPEN MIND AND BEING OPEN TO HAVING THAT  CONVERSATION WITH SOMEONE WHEN THE OPPORTUNITY ARRISES,">  REPRORTING IN FORT WAYNE, INDIANA, I'M BETSY  JIBBEN.  THANKS BETSY.  KEUHNERT SAYS THE ANNUAL FALL FESTIVAL IS GOING  STRONG AND WILL CONTINUE THROUGHOUT MOST OF  OCTOBER. 

TEASE
WHEN AGDAY CONTINUES WE'LL TALK COTTON AND  PRICE PREDICTIONS AT THE AGRIBUSINESS DESK. AND LATER GETTING DRIVING EXPERIENCE BEHIND THE  WHEEL OF THIS ICONIC CLASSIC CAR.

FLOOR OF THE CME
IN AGRIBUSINESS A LOT OF RED FOR GRAINS IN  MONDAY'S TRADE. LIVESTOCK HOWEVER STARTING HIGHER. BUT HOW DID IT ALL FINISH? FOR THAT ANSWER WE HEAD TO THE FLOOR OF THE  CME IN CHICAGO. CORN MARKET WAS MOSTLY LOWER HERE ON MONDAY FOLLOWING  A FRIENDLY QUARTERLY GRAIN STOCKS REPORT FROM USDA THIS PAST  FRIDAY THE USDA TOLD US THAT AS OF SEPTEMBER 1ST THE GRAIN  STOCKS OF CORN WERE A LITTLE BIT LIGHTER THAN WHAT THE TRADE HAD  EXPECTED. SO WE DID RALLY A LITTLE BIT INITIALLY FOLLOWING THAT REPORT  ON FRIDAY BUT ALL THOSE GAINS WERE GIVEN BACK HERE ON MONDAY  PRETTY PRETTY QUICKLY. SO THE MARKET UNABLE TO SUSTAIN A RALLY  DESPITE WHAT WAS REALLY A FRIENDLY REPORT OF CATTLE MARKET TRADED  BOTH SIDES OF UNCHANGED. ON MONDAY WE STARTED THE DAY A LITTLE  BIT HIGHER AND THEN WEEK TWO OVER LATER IN THE SESSION. CASH  CATTLE MARKET WAS STEADY LAST WEEK WE WERE I BELIEVE 1 0 8 IN  MOST AREAS. KIND OF A THIN TRADE AND THAT WAS STEADY WHICH  AGAIN I KIND OF CONSIDER TO BE A VICTORY FOLLOWING THAT BEARISH  CATTLE ON FEED REPORT WE HAD A COUPLE OF WEEKS AGO AND THE  SUBSEQUENT SELL OFF IN THE BOARD. THE FUNDS HAVE MAINTAINED A  LONG POSITION THROUGH ALL OF THIS AND THEY'VE ACTUALLY ADDED TO  THEIR LONG POSITION JUST MODESTLY HERE DURING THE LAST THREE OR  FOUR WEEKS. AGAIN JOE BACK FROM CME GROUP HERE IN CHICAGO.

AGRIBUSINESS
JOHN PAYNE DANIEL AG MARKETING OUR GUEST HERE AT  AGRIBUSINESS DESK TODAY. JOHN LET'S TALK ABOUT THE COTTON MARKET  BECAUSE WE'VE BEEN KIND OF WATCHING THIS WITH A LOT OF INTEREST.  WE HAD THE HURRICANES COME THROUGH AND WE'RE GETTING  NUMBERS BUT WE'RE NOT SURE IF THEY'REIS THE RIGHT NUMBERS.   YEAH IT'S THIS NEXT OCTOBER REPORT IS GOING TO BE ACROSS  THE BOARD I THINK MUCH BIGGER THAN THE NUMBERS WE GOT TODAY.  SPECIFICALLY COTTON GIVEN THAT WE'RE GOING TO GET SOME DATA ON  WHAT HAPPENED WITH HARVEY AND THEN THE DOWNGRADE AND THE  GEORGIA CROP THAT WAS IN THE LAST COUPLE OF WEEKS FROM CROP  PROGRESS. WHAT IS THAT GOING TO SHAKE OUT. YOU KNOW IF YOU TAKE  THOSE TWO EVENTS THIS HAS BEEN A FANTASTIC GROWING SEASON FOR  COTTON AND WE'RE LOOKING AT ALMOST 1.5 BALES A BUSHEL OR AN ACRE  WHICH IS YOU KNOW SUBSTANTIALLY HIGHER THAN WHERE WE'VE EVER  BEEN BEFORE. RIGHT. THE FOLKS UP IN THE NORTHWEST PART OF TEXAS  THEY'RE THE PANHANDLE ARE SITTING ON FANTASTIC PRODUCTION  REGARDLESS. SO I THINK HOW MUCH DAMAGE ARE WE LOOKING AT. IF  WE LOSE A MILLION BALES, I MEAN WE COULD SIMPLY FIND OURSELVES  RIGHT BACK TO WHERE WE THOUGHT WE WOULD BE A MONTH AGO.  USDA IS SLOW TO GET TO IT. WE COULD BE LOOKING TO CARRY OUT THAT  DOUBLE WHAT THEY WERE A YEAR AGO. WOW INTERESTING PRICES ARE  SUBSTANTIALLY HIGHER THAN THAT. SO WE WILL FOR SOME DOWNSIDE RISK  TO COME. THAT WOULD HAPPEN.   YEAH WE KNOW YIELDS HAVE BEEN PRETTY STRONG WHERE  THEY'VE BEEN ABLE TO GO IN AND GET STARTED PICKING. BUT TEXAS  ITSELF LAST WEEK EVEN SEEN QUITE A BIT OF RAIN IN NORTHERN TEXAS  RIGHT.   FOLKS IN IT AND I HAVE A COUPLE GUYS DOWN THERE TODAY WHO  CALLED ME SITTING ON FIVE INCHES OF RAIN JUST WATCHING THE FIELDS GO  UNDER WATER AND THIS ISN'T THE TIME OF THE YEAR FOR THAT.  TEMPERATURES ARE IN GOOD SHAPE BUT SHARES ARE STARTING TO OPEN  UP AND AGAIN I THINK YOU WATCH THOSE FORECASTS AROUND LUBBOCK  IF IT TURNS BAD, I THINK THE MARKET RALLIES. I STILL THINK THERE'S A GOOD  OPPORTUNITY TO SELL. BUT I LOOK FOR BULL SPREADING ACTION HERE.  DECEMBER LOOKS TO BE LIKE A CONTRACT THAT MIGHT NOT BE  ACHIEVABLE FOR A LOT OF FOLKS THAT MARCH CONTRACT WILL BE. I THINK  THERE'S A LAGGER THERE. SO 70 CENTS ON MARCH YOU KNOW THAT THAT  GETS THROWN UP THERE OFF OF A BULLISH REPORT OR SOME WEATHER  PROBLEMS IN TEXAS I THINK THAT'S WHERE YOU STEP IN, AND MAYBE  YOU KNOW MAYBE LOOKING AT 18 BECAUSE WITH PRICES WHERE THEY  ARE COTTON IS GOING TO REMAIN IN VOGUE RIGHT.  THAT'S ALL I WAS GOING TO ASK YOU IF COTTON HAS DONE WELL  ENOUGH THIS YEAR TO KEEP THE ACRES THAT GOT BACK.  ABSOLUTELY. COTTON IS I THINK THE ROSY STORY ON THE U.S. AG  SIDE RIGHT NOW ESPECIALLY THE SUMMER ROW CROPS. THERE ISN'T A LOT  OF PROFIT MARGIN IN ANY OF THE MARKETS WE'VE DISCUSSED HERE.  COTTON HAS IT. AND I THINK YOU'RE GOING TO CONTINUE TO FIND  PRODUCTION IN THE COMING YEARS. NOW AGAIN DEMAND OVERSEAS  HAS BEEN THERE. SO A YEAR AGO WE MADE OUR LOWS AT THIS TIME OF  THE YEAR WITH THE TAKE. I THINK WE'RE MORE LIKELY TO MAKE OUR  HIGHS FOR THE SHORT TERM THIS YEAR IN THE NEXT COUPLE MONTHS.   ALL RIGHT JOHN APPRECIATE IT. THANKS FOR THE INSIGHT. WE'LL  BE BACK IN JUST A MINUTE. 

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. HERE NOW WITH METEOROLOGIST MIKE HUFFMAN WATCHING THIS FRONT KIND OF SITTING ACROSS THE MIDDLE OF THE COUNTRY MIKE THAT YOU SAY THAT'S THE DIVIDING LINE. REALLY IS BETWEEN THE VERY WARM AIR FOR THIS TIME OF THE YEAR AND THE COLDER STUFF OFF TO THE NORTHWEST. AND YOU CAN SEE THAT'S KIND OF THE ONLY THING ON THE MAP SEPARATING ONE WARM AREA OF HIGH PRESSURE FROM A COLDER AREA OF HIGH PRESSURE THERE'S SOME SNOW IN MONTANA YOU GET THAT TYPICALLY WITH THAT NORTHEAST WIND SOMETIMES. AND ALONG THIS FRONT NEAR THE FRONT ESPECIALLY CLOSE TO THE AREA OF LOW PRESSURE SOME DECENT MOISTURE. SO SOME AREAS COULD REALLY USE SOME AS IT COMES INTO THE NORTHERN MISSISSIPPI VALLEY AND EVENTUALLY INTO THE GREAT LAKES AND OHIO VALLEY. WE HAVE A LOT OF GULF MOISTURE FOR A CHANGE ACTUALLY COMING NORTHWARD TO INTERACT WITH THAT FRONT AND THAT WILL PRODUCE SOME OF THOSE SHOWERS AND THUNDERSTORMS. YOU CAN SEE THEM SCATTERED FROM EAST TEXAS ALL THE WAY UP TO WISCONSIN BY LATER IN THE DAY TODAY HEADING THROUGH TONIGHT. WE'LL CONTINUE TO SEE THAT FRONT EVER SO SLOWLY PRESSING TOWARD THE SOUTHEAST IS NOT BLASTING SOUTHEASTWARD BY ANY STRETCH OF THE IMAGINATION. AND IT'S NOT GOING ALL THE WAY THROUGH THE SOUTHEAST OVER THE NEXT FEW DAYS BUT YOU CAN SEE THIS IS SOME NICE MOISTURE THERE FROM KANSAS ALL THE WAY INTO MICHIGAN AND NORTHERN INDIANA AS WE HEAD THROUGH THE NIGHTTIME HOURS AND INTO THE DAY TOMORROW. AND YOU CAN SEE THAT CONTINUES TO BE JUST A LITTLE BIT FARTHER SOUTHEAST AS THAT FRONT DOES MOVE.  SO THIS COULD BE YOU KNOW A 12 24 HOUR EVENT IN SOME AREAS NOT STEADY RAIN BUT NONETHELESS OCCASIONAL SHOWERS AND THAT COULD BE SOME GOOD NEWS HERE. THE PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. SOME PRETTY GOOD AMOUNTS FROM WESTERN PORTIONS OF THE GREAT LAKES BACK INTO NEBRASKA ALSO NEAR NEW ORLEANS ADDING IN THE NEXT 36 HOURS YOU CAN SEE HOW WE CONTINUE TO SPREAD THAT TOWARD THE SOUTHEAST WITH SOME AREAS THE UPPER MISSISSIPPI VALLEY LOWER GREAT LAKES GETTING AN INCH OR TWO OF MOISTURE OUT OF THIS SYSTEM AND IT'S BEEN A WHILE FOR THOSE AREAS TO HAVE GOTTEN TOO MUCH. THERE'S A SNOWFALL PAST 24 HOURS. WE'RE NOT GOING TO ADD TO MUCH MORE FOR YOU FOLKS NEXT 36 JUST A LITTLE BIT MORE BEFORE IT ALL KIND OF TAPERS OFF. HIGH TEMPERATURES TODAY THERE'S THE COLD AIR MONTANA THE WARM AIR AT LEAST FOR THIS TIME OF THE YEAR FROM THE GREAT LAKES ALL THE WAY TO THE GULF COAST. THAT INCLUDES THE DESERT SOUTHWEST AND WE'LL KEEP IT MILD FROM CHICAGO TO OKLAHOMA THIS EVENING. LOWS IN THE LOW 70S FOR THIS TIME OF THE YEAR. HIGHS TOMORROW THEN THE ONCE AGAIN INTO THE 70S AND 80S SOUTH OF THE FRONT BUT ONLY 40S AND 50S TO THE NORTH OF THE FRONT. THERE'S THE JET STREAM AND THAT'S WHY IT'S WARM THE BIG RIDGE IN THE EAST THAT GETS CUT DOWN AT LEAST IN THE GREAT LAKES AND THE NORTHEAST LATER THIS WEEK AND IT GETS CUT DOWN A LITTLE BIT MORE. YOU CAN SEE THIS IS NOT GOING TO COOL THINGS DOWN IN THE SOUTHEAST AS THESE LITTLE SYSTEMS CONTINUE TO MOVE FROM WEST TO EAST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL LARAMIE WYOMING TODAY A GOOD DEAL OF SUNSHINE AND CHILLY HIGH OF ONLY 44 ELDORADO ARKANSAS A MIX OF CLOUDS AND SUNSHINE HIGH OF 86 AND FINALLY AKRON OHIO SUNNY AND PLEASANTLY WARM AFTERNOON HIGH AROUND 80.

TEASE
IS CASHEW MILK REALLY MILK? A MAJOR DAIRY GROUP  IS NOW ASKING THE FEDERAL GOVERNMENT TO WEIGH  IN.  AND THESE STUDENT DRIVERS AREN'T NEW TO THE  ROAD--BUT THEY ARE NEW TO THIS CLASSIC CAR.

DAIRY REPORT
THE FIGHT OVER WHETHER NUT BASED MILK IS REALLY  MILK CONTINUES.  THE NATIONAL MILK PRODUCERS FEDERATION URGING  FEDERAL FOOD REGULATORS TO LOOK INTO BLUE  MAGIC CASHEW MILK, SENDING A LETTER TO BOTH FDA  AND THE CALIFORNIA DEPARTMENT OF AGRICULTURE.  N-M-P-F CLAIMING THE PRODUCT IS AN IMITATION DAIRY  DRINK USING THE WORD MILK, BUT IT'S A PLANT BASED  PRODUCT MADE FROM NUTS AND WATER. THE FEDERATION SAYS THAT VIOLATES CURRENT  GOVERNMENT STANDARDS THAT DEFINES MILK AS A  PRODUCT FROM A DAIRY ANIMAL.  THIS IS THE SECOND TIME N-M-P-F RAISED ITS  CONCERNS OVER BLUE MAGIC CASHEW MILK.  IN TRADE NEWS, THE U.S. DAIRY INDUSTRY ALSO  TELLING JAPAN TO "PROCEED WITH GREAT DILIGENCE"  AS IT PREPARES A LIST OF PROTECTED FOODS UNDER  GEOGRAPHIC NAMES AS PART OF A TRADE AGREEMENT  WITH THE EUROPEAN UNION.  JAPAN AND THE EU AGREED ON A MASSIVE TRADE DEAL  EARLIER THIS YEAR INCLUDING PROTECTIONS FOR  FOOD PRODUCTS WITH GEOGRAPHICAL PLACE NAMES.  U.S. DAIRY PRODUCERS HAVE LONG FOUGHT THE EU'S  EFFORTS TO GET OTHER COUNTRIES TO RESTRICT  GENERIC PRODUCT NAMES AS SO-CALLED  GEOGRAPHICAL SPECIALTIES.  FOLLOWING THE LATEST ROUND OF NAFTA, CANADA'S  PRIME MINISTER SAYS THE NATION IS IN A BETTER  POSITION NOW THAN IT WAS 23 YEARS AGO TO  NEGOTIATE THE AGREEMENT.  FORMER PRIME MINISTER JEAN CHRETIEN (JOHN KRAY- TE-AN) SAYS BOTH SIDES WOULD BENEFIT IN THE END  EVEN THOUGH SOME SECTORS WILL WIN AND OTHERS  WILL LOSE.  HE SAYS AMERICANS HAVE ALWAYS BEEN DIFFICULT TO  NEGOTIATE WITH FOR SOFTWOOD LUMBER AND DAIRY  AND THAT IT'S NOT UNCOMMON IN SUCH NEGOTIATIONS  FOR AGREEMENTS TO BE SIGNED ON THE LAST DAY. THERE COULD SOON BE CHANGES TO HOW FLUID MILK  IS PRICED.. AND IT COULD COME UP IN FARM BILL  NEGOTIATIONS. THE DAIRY INDUSTRY PROPOSING TO DO AWAY WITH  WHATS CALLED THE "HIGH OF" CALCULATION, INSTEAD,  LOOKING TO MOVE TO A MORE STRAIGHT FORWARD  PRICING SYSTEM.  THE NEW PRICE STRUCUTURE WOULD BASE CLASS 1  PRICES OFF A SIMPLE AVERAGE OF CLASS THREE AND  FOUR PRICES, PLUS 74 CENTS.  THE INDUSTRY SAYS THE CHANGE WOULD HELP BOTH  FARMERS AND FLUID MILK USERS MANAGE THE RISK OF  THE MARKET BETTER. 

TEASE
NEXT HOP ABOARD A TIME MACHINE..OF SORTS. THE  CLASSIC MODEL T IS TAKING TO THESE MICHIGAN  ROADS ONCE MORE.

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.  A LOT OF US PROBABLY LEARNED TO DRIVE IN AN OLD  CAR--BUT A DIFFERENT KIND OF DRIVING LESSON IS  GAINING TRACTION IN MICHIGAN. MORE THAN 500 PEOPLE HAVE SIGNED UP TO LEARN TO  DRIVE HENRY FORD'S MODEL T. MIKE HOUSEHOLDER REPORTS ON THE AGELESS  EXPERIENCE. IT DOESN'T START … RUN … OR OPERATE LIKE THE CARS OF TODAY. THAT'S WHAT MAKES THE MODEL T SO MUCH FUN TO  DRIVE. "ABSOLUTELY RECOMMEND THIS FOR EVERYBODY TO DO. IT IS JUST A BALL." KEITH MAES RECENTLY LEARNED HOW TO DRIVE HENRY  FORD'S HISTORIC CREATION THAT ESTABLISHED A MASS  MARKET FOR AUTOMOBILES. "FIRST, I WAS TERRIFIED. ABSOLUTELY TERRIFIED THAT I WAS GOING TO  BREAK SOMETHING, BUT THEN YOU REALIZE THAT THESE THINGS WERE  BUILT BULLETPROOF." THE GILMORE CAR MUSEUM NEAR KALAMAZOO OFFERS  THE ONE DAY, FOUR-HOUR CLASS FOR A HUNDRED-AND- FIVE DOLLARS. THE CHANCE TO SIT BEHIND AN AUTHENTIC MODEL T  FORD BUILT BETWEEN 1908 AND 1927. 12-YEAR-OLD ALAN BENNETT IS THE YOUNGEST PERSON  EVER TO COMPLETE THE COURSE. "IT WAS FUN, REALLY, BECAUSE I ONLY DID GO-CARTS BEFORE, WHICH ARE  LITTLE." BY THEIR SIDE, 92-YEAR-OLD INSTRUCTOR JIM BRAND ...”THEY'RE OLD _ LIKE ME." WHO FONDLY RECALLS OWNING THREE MODEL TS IN  HIGH SCHOOL. "THEY WERE CHEAP. HIGH SCHOOL KIDS LOOK FOR CHEAP CARS." BENNETT AND HIS CLASSMATES SUCCESSFULLY  OPERATED THE "TIN LIZZIES." THREE FOOT PEDALS, ONE HAND LEVER AND TWO HAND  CONTROLS ON THE STEERING WHEEL … AND NEGOTIATED THE MUSEUM'S TWO-AND-A-HALF  MILES OF PAVED ROADS. THEIR REWARD? A PIECE OF PAPER … AND THE EXPERIENCE OF A LIFETIME. MIKE HOUSEHOLDER, ASSOCIATED PRESS, HICKORY CORNERS, MICHIGAN.

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 IN FARM COUNTRY.

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