AgDay Daily Recap -October 8, 2015

October 8, 2015 02:57 AM
 

TODAY ON AGDAY

October 8, 2015

~~Opening:
COMING UP TODAY ON AGDAY -A MAJOR AGRIBUSINESS PLANNING TO PARE IT'S WORKFORCE BECAUSE OF TODAY'S FARM ECONOMY.IN AGRIBUSINESS...WATCHING FOR WAYS TO MAKE MONEY IN THE CORN MARKET. SO THE MARKET IN GENERAL IS MUCH BETTER THAN IT WAS A YEAR AGO. WE HAD LESS ACRES AND WE DON'T HAVE QUITE AS MUCH CORN, SO THAT MAKES SENSE. PLUS, A UNIQUE WAY FOR CONSUMERS TO HAVE GREATER ACCESS TO OMEGA 3'S. AND THE IMPORTANCE OF KEEPING FOOD SAFE WHILE SWAPPING FAN FAVORITES.
AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
Monsanto shows vulnerability:
GOOD MORNING I'M CLINTON GRIFFITHS. MONSANTO SHOWING ITS VULNERABILITY TO SLUMPING COMMODITY PRICES AS THE SEED AND CHEMMAKER ANNOUNCES BIG CUTS TO ITS WORKFORCE.
MONSANTO SAY IT'S SLASHING 26-HUNDRED JOBS OVER THE NEXT TWO YEARS. THAT'S NEARLY TEN PERCENT OF THE COMPANY.
THE COMPANY ALSO SAYS IT'S RESTRUCTURING OPERATIONS TO CUT COSTS IN A SLUMPING COMMODITY MARKET. SOME ANALYSTS PREDICT LOWER GRAIN PRICES WILL CONTINUE WELL INTO 2016.
IN ANNOUNCING THE CUTS, MONSANTO REPORTING A MUCH DEEPER QUARTERLY LOSS THAN ANALYSTS EXPECTED.
FOR THE YEAR, NET SALES ARE DOWN ABOUT 5 PERCENT FOR SEEDS AND TRAITS BUSINESS. HERBICIDE SALES, INCLUDING ROUNDUP, FELL ABOUT SEVEN PERCENT.

MONSANTO'S CHIEF RIVAL MAY HAVE ITS OWN TURMOIL. THE DES MOINES REGISTER IS REPORTING THAT THERE'S DEBATE OVER WHETHER SEEDMAKER PIONEER SHOULD BE SPLIT-OFF FROM DUPONT-PIONEER.
DUPONT HAS BEEN IN A BATTLE WITH ACTIVIST INVESTOR NELSON PELTZ. PELTZ IS CO-FOUNDER OF TRIAN FUND MANAGEMENT. HE THINKS DUPONT COULD BOOST ITS LAGGING STOCK PRICE BY BREAKING-OFF PIECES OF THE CONGLOMERATION. MEANWHILE, CURRENT DUPONT C-E-O ELLEN KULLMAN ANNOUNCED JUST THIS WEEK THAT SHE'LL RETIRE NEXT WEEK AFTER 30 YEARS WITH THE COMPANY.
Co-Bank:
SIMILAR TO MONSANTO'S OUTLOOK ABOUT 2016, CO-BANK EXPECTS FARM
INCOME WILL CONTINUE TO STRUGGLE THE REMAINDER OF THIS YEAR AND
INTO 2016. THE NATIONAL AG LENDER SAYS RURAL AMERICA'S ECONOMY IS
STRUGGLING WITH MOUNTING GLOBAL SUPPLIES OF GRAIN AND OILSEEDS.
ADD TO THAT -THE U-S DOLLAR CONTINUES TO BE STRONG. AND CHINA'S
GROWTH IS SLOWING. ON THE OTHER HAND, CO-BANK SAYS THOSE WEAK GRAIN PRICES WILL
CONTINUE TO SUPPORT ETHANOL PRODUCERS, LIVESTOCK AND DAIRY
SECTORS.

AS FARM INCOMES FALL, STORIES OF LANDLORDS TERMINATING CASH LEASE CONTRACTS...ARE STARTING TO PEPPER THE COUNTRYSIDE.
HIGH CASH RENTS MAKING MARGINS TOUGH TO MEET.
TYNE MORGAN JOINS US THIS MORNING WITH A LOOK AT WHETHER OR NOT IT'S OKAY TO WALK AWAY FROM THE LAND.
Tyne Morgan: As commodity prices fall,  some farmers must decide whether to walk away
THE HISTORY BEHIND THIS FERTILE GROUND GOES MUCH DEEPER THAN JUST THE BLACK DIRT ON THE SURFACE. TO MANY FARMERS, EACH ACRE OF RENTED OR OWNED GROUND IS A SECURITY BLANKET FOR THE NEXT GENERATION OF THEIR FAMILY FARM. AND GIVING UP THAT ACRE ISN'T AN EASY DECISION TO MAKE. NONE OF US EVER WANT TO LET A PIECE OF GROUND GO. YOU BECOME ATTACHED TO IT. THEY'VE WORKED HARD TO GET A HOLD OF A RENTAL PIECE OF PROPERTY. IT MAY BE LOCATED RIGHT ACROSS THE FENCELINE FROM THEIR OTHER PROPERITIES. FARM OPERATORS JUST DON'T WANT TO GIVE THAT GROUND UP. MIKE WALSTEN SAYS THE LAST TIME WE SAW A FLOOD OF FARMERS FORCED TO WALK AWAY FROM LAND WAS IN THE FARM CRISIS OF THE 1980S. HE SAYS THIS YEAR IT WILL BE VOLUNTARY. THOSE INSTANCES MAY GRAB HEADLINES, BUT WON'T HIT THE MAJORITY OF AGRICULTURE AND DOESN'T NECESSARILY DEPEND ON THE SIZE OF THE OPERATION.
IF SOME OF THE RENTS HAVE BEEN PUSHED UP AGGRESSIVELY OVER THE LAST 5 YEARS, THAT'S AN
AREA WHERE SERIOUS DISCUSSIONS ARE GOING TO OCCUR, NOW WHETHER OR NOT THEY'RE GOING TO
BE SUCCESSFUL, THAT'S A WHOLE ANOTHER ISSUE.
AS COMMODITY PRICES FALL, CONVERSATIONS ARE GETTING TOUGHER
ACROSS RURAL AMERICA WITH SOME FARMERS POSITIONED BETTER THAN OTHERS TO WEATHER THE STORM.  WHEN YOU LOOK ACROSS THE BOARD, WE HAVE SOME FARMERS WHO ARE REALLY IN A GOOD FINANCIAL SITUATION, THEY'VE COME OUT OF THESE LAST SEVERAL YEARS WITH A LOW DEBT TO ASSET
RATION, THEY'RE IN A GOOD FINANCIAL POSITION, THOSE WILL BE THE FOLKS THAT WILL HAVE AN
OPPORTUNITY TO PICK UP THAT GROUND, FOLKS WHO AREN'T IN AS GOOD OF A POSITION FOR WHATEVER
REASON, THOSE ARE THE ONES WHO ARE GOINGT O HAVE TO LET IT GO.>
IT'S GOING BACK TO THE OLD SCHOOL PLAYBOOK AND LOOKING AT EVERY LINE ITEM TRYING TO FIND AN
AREA TO FIND SOMEWHERE TO TRIM. CASH RENTS ARE MORE STICKY THAN OWNED GROUND, TAKING LONGER TO RETREAT IN PRICE. BUT RELIEF COULD BE ON THE HORIZON.
IN IOWA AND ILLINOIS FOR ISNTANCE, A SURVEY OUT OF ILLINOIS SUGGESTS THAT THEY'RE GOING TO
BE BRINING THEIR LEASES DOWN 10 PERCENT FOR 2016.BUT 10 PERCENT ISN'T ENOUGH TO SAVE SOME FARMERS' BOTTOMLINE.
UNIVERSITY OF ILLINOIS ECONOMIST GARY SCHNITKEY IS SCRUTINIZING THE NUMBERS, SUGGESTING MAJOR CUTS TO ANNUAL EXPENSES.
ROUGHLY, IF WE WANT TO HAVE REVENUE AT THE SAME LEVEL AS COST, WE WOULD HAVE TO HAVE
CASH RENT ACRES CUT BY $100 PER ACRE, JUST TO BE IN THE SAME BALLPARK AND BREAKING
EVEN. HIS FIGURES ARE BASED ON ILLINOIS NUMBERS OF 800 DOLLARS OF REVENUE PER ACRE. ON THAT SAME ACRE, HE'S FIGURING IN 300 DOLLARS JUST IN CASH RENT, WITH ALL OTHER INPUTS ADDING UP TO 550 DOLLARS.
DAVIS AGREES FARMERS NEED TO TRIM EXPENSES. BUT REDUCING LAND COSTS ISN'T GOING TO BE ENOUGH. HISTORICALLY, LAND MIGHT BE A FOURTH TO A THIRD OF YOUR EXPENDITURES FOR AN ACRE OF LAND.
DAVIS SAYS WHEN CONSIDERING WALKING AWAY FROM RENTED GROUND, THE DECISION NEEDS TO BE BASED ON MORE THAN JUST THE FACE VALUE OF THAT RENTED ACRE. YOU NEED TO CONSIDER THE PRODUCTIVITY OF YOUR LAND, ITS LOCATION TO YOUR HEADQUARTERS OR YOUR BASE OF OPERATIONS, MAYBE OTHER FARMS YOU'RE CURRENTLY FARMING IN THAT AREA AND IF IT'S LOWER PRODUCTIVE AND FAR AWAY, IF YOU HAD TO PICK SOMETHING, MAYBE IF YOU HAD TO PICK SOMETHING TO GIVE UP, MAYBE IT'S ONE OF THOSE. THAT'S WHY TAYLOR SAYS DON'T BE TOO QUICK TO WALK AWAY.
ECONOMIES OF SCALE IS THIS CONCEPT THAT THE MORE LAND YOU HAVE, THE BETTER ABLE YOU
ARE TO SPREAD OUT YOUR COSTS ACROSS THAT LAND AND THE MORE LAND THAT YOU OPERATION, THE
BIGGER YOU CAN GET, POTENTIALLY THE MORE EFFICIENT YOU CAN GET WITH YOUR MACHINERY AND
LABOR.  AN ALTERNATIVE TO A STRAIGHT CASH LEASE IN TODAY'S UNCERTAIN
AGRICULTURE ENIVONRMENT IS OPTING FOR A FLEX LEASE.
YOU CAN ESTABLISH A BASE LEVEL OF RENT THAT'S IN LINE WITH CURRENT COMMODITY PRICES,
WHILE LEAVING THE UPSIDE POTENTIAL THERE IF PRICES INCREASE OVER THE NEXT YEAR OR THE
DURATION OF THAT CONTRACT. WALSTEN ALSO THINKS WE COULD SEE MORE FLEX LEASES THIS YEAR. BUT HE SAYS THOSE AGREEMENTS OFTEN REQUIRE EVEN MORE CONVINCING ON THE FARMER'S PART. START TALKING EARLY. DO NOT GET EMOTIONAL ABOUT IT. KEEP IT VERY STRAIGHT VERY STRAIGHT FORWARD. HE SAYS IT'S THOSE STRAIGHT FORWARD CONVERSATIONS THAT CAN ALSO MEAN A LIFELONG COMMITMENT TO KEEPING A FAMILY'S FARMING LEGACY ALIVE.
THANKS, TYNE. MANY FARMERS ARE ALREADY WEIGHING THE ANSWER TO THIS QUESTION, WITH THE THE LATEST LANDOWNER NEWSLETTER SHOWING THE MAJORITY OF RENTERS ARE NOT WILLING TO WALK AWAY.
AN ANNUAL SURVEY OF BOTH PRO FARMER AND LANDOWNER NEWSLETTER SUSCRIBERS SHOWS 60 PERCENT SAY THEY AREN'T WILLING TO WALK AWAY IF CASH RENTS STAY THE SAME THIS YEAR. ONLY 12 PERCENT OF RENTERS SAY THEY ABSOLUTELY WILL TERMINATE THE LEASE IF THE RATE ISN'T LOWERED. OVERALL, RESPONDANTS HAD BEARISH ATTITUDES ABOUT FARMLAND VALUES FOR THE YEAR AHEAD. YOU CAN REVIEW THOSE RESULTS IN THE LATEST EDITION OF LANDOWNER NEWSLETTER, WHICH WILL BE RELEASED TODAY AT NOON EASTERN TIME.
CROP WATCH:
CORN SHELLERS AND DRYERS ARE WORKING OVERTIME. CINDI CLAWSON TAKES A CLOSER LOOK IN CROPWATCH. GOOD MORNING CINDI.
GOOD MORNING CLINTON. LET'S START OFF CROPWATCH IN NORTHERN NEBRASKA. LUKE MOSER IS SPENDING THE DAY DRYING CORN. HE SAYS MOISTURE CONTENT FOR CORN IS ABOUT 28 PERCENT, AND ABOUT 22-PERCENT FOR SOYBEANS. ACCORDING TO USDA, 39 PERCENT OF NEBRASKA CORN IS HARVESTED. MOVING OVER INTO WESTERN MISSOURI. A VIEWER POSTED THIS NOTE ON AGWEB:SOME CORN IS RUNNING AT 140 BUSHELS AN ACRE IN THAT AREA. THAT'S THANKS TO HEAVY RAINS PELTING THE REGION EARLIER THIS YEAR. USDA SAYS 50 PERCENT OF THE CORN IN MISSOURI IS RANKED GOOD TO EXCELLENT. MOVING OVER TO HAMILTON COUNTY, IOWA. IT'S HARVEST TIME IN THE AREA. ROBBIE MAASS SAYS SOYBEAN MOISTURE CONTENT IS LINGERING AROUND 12.5 PERCENT. HE HAS YET TO TOUCH CORN. WELL COMING UP IN JUST A FEW MINUTES WE'RE GOING TO TAKE A LOOK AT YOUR NATIONAL FORECAST AND SEE WHOSE GOING TO BE HAVING TO DODGE SOME RAIN DROPS TODAY, CLINTON.
 
THANKS CINDI. UP NEXT WE'RE HEADED OVER TO THE AGRIBUISNESS DESK TO DISCUSS
PRICE FLUCTUATIONS AND DRIVERS IN THE CORN MARKET.
AND LATER NEW RESEARCH ON OMEGA THREE'S COULD OPEN UP NEW
MARKETS FOR CATTLEMEN. AND LATER, SWAPPING FOOD IS GAINING POPULARITY BUT MAKING SURE
THESE PREPARED PLATES ARE SAFE TO EAT ARE PARAMOUNT TO THEIR
FUTURE SUCCESS. THAT STORY TODAY ON IN THE COUNTRY.

WINFIELD IS YOUR TRUSTED AGRONOMIC AND BUSINESS PARTNER WITH THE
EXPERTISE, PRODUCTS AND INSIGHTS TO HELP YOU MAKE THE RIGHT
DECISIONS, FROM PLANNING TO HARVEST, IN TODAY'S COMPLEX
AGRIBUSINESS ENVIRONMENT.
CME:
IN AGRIBUSINESS LETS CATCH UP WITH THE FOLKS OVER AT THE CME AND SEE HOW MARKETS ARE MOVING THIS WEEK. WEDNESDAY'S GRAIN TRADE SAW MIXED MARKETS BUT GREAT RESILIENCY PRETTY MUCH ACROSS THE BOARD. WHEAT HOWEVER WAS THE WEAKESTBUT AS YOU MAY REMEMBER FROM YESTERDAY WE GAVE OUR TARGET OF 5.30 TO 5.35 TO LOOK FOR A SPOT TO SELL. WE GOT TO 5.31 1/2, SO HOPEFULLY YOU TOOK ADVANTAGE OF THAT AND REDUCED YOUR POSITION.
I DON'T REALLY CARE ABOUT THE REPORT THAT COMES OUT FRIDAY REALLY IS. I THINK THAT WE'RE STILL LOOKING TO BE BUYERS. NOW IF YOU THINK YOU WANT TO REDUCE SOME OF YOUR STOCK AND YOU'RE A PRODUCER, I'D PUT IN ORDERS TO SELL SOME FUTURES MUCH HIGHER, LET'S SAY AT 4.20 IN CORN, 5.50 IN WHEAT, SOME DREAM NUMBERS THAT YOU WOULD BE HAPPY WITH. AND LIKE TO SELL. AND LET THEM WORK THROUGH THE REPORT KNOWING THAT IF THE MARKETS GO THE OTHER WAY FIRST, IT DOESN'T MATTER, YOU'RE STILL IN THE SAME POSITION. BUT IF YOU HAVE A DREAM THEN GO AHEAD AND PUT IT IN THERE. THIS IS TODD HORWITZ, BUBBA TRADING.COM COMING TO YOU FROM THE CME GROUP FLOOR IN CHICAGO.
AgriBusiness Desk:
ANDY SHISSLER OUR GUEST HERE AT THE AGRIBUSINESS DESK, SNW TRADING. ANDY LET'S TALK ABOUT WHERE WE SIT ON CORN PRICES AS WE GO THROUGH KIND OF, I GUESS MID-OCTOBER, BEGINNING OF OCTOBER HERE. HARVEST IS MOVING ALONG, GRAINS COMING IN. WHERE DO WE SIT AS FAR AS PRICE GOES?
Andy Shissler:
WELL, WE'VE SEEN GENERALLY LIKE THE EASTERN BELTS AROUND 40-30 BUSHELS BELOW WHAT IT WAS LAST YEAR, BUT LAST YEAR WAS SUCH A RECORD THAT IT'S INSANE, SO YOU KNOW WE PUT IN AHARVEST LOW PRICE TOWARDS LIKE 3.20 LAST YEAR AND WE ARE GOING TO BE SUBSTANTIALLY ABOVE THAT THIS YEAR, SO THE MARKET IN GENERAL IS MUCH BETTER THAN IT WAS A YEAR AGO. WE HAD LESS ACRES AND WE DON'T HAVE QUITE AS MUCH CORN, SO THAT MAKES SENSE. YOU'RE SEEING SOME 4 DOLLAR PRICES ON THE BOARD HERE, YOU KNOW WE HIT 4.15ISH AREA FOR JULY CORN AND SO I'M KIND OF WATCHING THAT AS YOU GET THE CARRY BUILD INTO THE MARKET. YOU KNOW FOR WHAT WE CAN PENCIL IN FOR PROFITS ON OUR FARMS THIS YEAR, MAN I WOULD REALLY LIKE TO SEE THAT BETWEEN THAT 4.25 AND 4.40 RANGE., BECAUSE WITH THE YIELDS THAT WE ARE SEEING OUT OF THE FIELDS, I CAN MAKE THAT WORK TO MEET MOST OF THE BUDGETS THAT WE HAVE THIS YEAR IF I CAN GET THAT KIND OF HEDGE PRICE. I THINK IT'S GOING TO BE HARD TO GET IT AND IT MAY BE QUICK WHEN IT HAPPENS, I'M GOING TO BE READY TO DO IT. I THINK THAT I'M GOING TO HAVE MY PRODUCERS LOCK UP THEIR REVENUE INTO THAT PRICE RANGE, IF I CAN GET THAT POST-HARVEST. I WAS ALWAYS KIND OF HOPING SOMETHING FUNNY WOULD HAPPEN HERE TO DRIVE IT IN, BUT THE WESTERN BELT HARVEST IS KIND OF BIG…
Clinton Griffiths:
.>> YOU MAY HAVE TO WAIT. IS THAT WHAT YOU ARE SAYING?>>
Shissler:
 YEAH, I THINK WE ARE PROABABLY GOING TO HAVE TO WAIT, BUT IT ALWAYS SCARES ME TO HAVE TO WAIT, WHEN I HAVE THAT FOUR DOLLAR AREA OUT THERE WITH THE CARRY BUILD INTO IT, BECAUSE I KNOW IT'S NOT WORTH THAT ON THE FRONT END, SO THAT'S THE SCARY PART ABOUT IT, BUT I GUESS THAT'S MY TARGET NUMBERS FOR THE FARM IS TO TYR AND HIT THOSE AND IF WE GET IT, I JUST WOULD LIKE PEOPLE TO TRY AND DO IT THAT. THAT'S KIND OF MY PLAN HERE TO MARKET SOME OF THIS GRAIN. ALL RIGHT, KNOW YOUR OPPORTUNITY AND BE READY. ALL RIGHT, THANKS ANDY. WE WILL BE BACK WITH MORE AGDAY RIGHT AFTER THIS.

FOR ONE-ON-ONE MARKETING ADVICE, CALL ANDY SHISSLER WITH S&W TRADING AT 312-5063888.

HOW MIGHT THIS WASHOUT IN THE CATTLE MARKET IMPACT THE ENTIRE
INDUSTRY? WE'LL TALK ABOUT IT IN PROFARMERS PROFIT BRIEFING FRIDAY
ON AGDAY.
National weather:
CINDI CLAWSON FILLING IN FOR MIKE HOFFMAN AGAIN TODAY. CINDI KIND OF WATCHING SOME OF THE STUFF IN THE NORTH BRINGING IN A NEW FRONT. YEAH WE HAVE A NEW FRONT THAT'S GOING TO BE BRINGING SOME RAIN ALONG WITH IT. MAYBE SOME RUMBLES OF THUNDER BUT ITS ALSO GOING TO BE COOLING DOWN TEMPERATURES A LITTLE BIT.
 LETS HEAD STRAIGHT TO THE MAPS. AND THE ONE BIG FEATURE WE'RE GOING TO BE WATCHING UP IN THE NEXT COUPLE OF DAYS IS THIS LOW PRESSURE SYSTEM THAT'S GOING TO AFFECT THE UPPER MIDWEST AND THAT COLD FRONT IS GOING TO BE SWINGING THROUGH AND AFFECTING A LOT OF FOLKS ACROSS THE CORN BELT WITH SOME SHOWERS AND THUNDERSTORMS. SO LETS PUT THE MAPS INTO MOTION. THE OTHER AREAS WE'RE GOING TO WATCH IS STILL A LITTLE BIT OF UPPER LEVEL SUPPORT DOWN IN PARTS OF WESTERN TEXAS AND NEW MEXICO BUT THAT LOW MOVING RIGHT ACROSS THE GREAT LAKES IS GOING TO DRAG THAT COLD FRONT DOWN THROUGH MUCH OF THE CORN BELT AND ITS GOING TO PICK UP A LITTLE BIT MORE MOISTURE AS IT MOVES TO THE EAST. SO AS WE GET INTO THURSDAY NIGHT WE EXPECT TO SEE THOSE SHOWERS AND THUNDERSTORMS MOVING THROUGH MUCH OF THE EASTERN CORN BELT. TAIL END OF THAT FRONT CATCHING PARTS OF KANSAS AND THE TAIL END OF OKLAHOMA. THEN AS WE HEAD THROUGH THE DAY ON FRIDAY WE CONTINUE THAT EASTWARD PROGRESS AND NOTICE HOW IT PICKS UP JUST A LITTLE BIT MORE MOISTURE AS WE GET CLOSER TO THE SOUTHEAST. NOT NECESSARILY GOOD NEWS WITH THE SOUTHEAST BUT ITS NOT GOING TO BE LONG LIVED FRONT IT WILL PASS THROUGH AND WILL BE DRY FOR PROBABLY A FEW DAYS. HERE IS A LOOK THEN AT OUR PRECIPITATION ESTIMATE FOR THE PAST 24 HOURS. IT'S REALLY BEEN THAT UPPER LOW THAT'S BEEN AFFECTING PARTS OF NEW MEXICO AND TEXAS.
BUT YOU'LL SEE AS WE ADD ON THE NEXT 24 HOURS YOU'LL SEE THE PROGRESSION OF THAT LOW PRESSURE AND THAT FRONT AS IT STARTS TO MAKE THAT EASTWARD PROGRESS. ALSO A FAIR AMOUNT OF RAIN IN THE SOUTHEASTERN PART OF FLORIDA. NOW AS FAR AS TEMPERATURES WE'RE GONG TO BE SEEING SOME WARM ONES IN THE SOUTH CENTRAL UNITED STATES WHERE WE'RE GOING TO GET CLOSE TO 90 DEGREES IN PARTS OF TEXAS ALSO OVER IN PHOENIX. IT'S 50'S AND 60'S ACROSS THE NORTHERN TIER. NOW AS WE CONTINUE THAT EASTWARD PROGRESSION OF THE FRONT WE'LL SEE COOLER AIR BEHIND THAT. OVERNIGHT LOW TEMPERATURES IN THE 40'S FOR A LOT OF AREAS IN THE UPPER MIDWEST. WE'RE STILL AT 60'S AND 70'S IN MUCH OF THE SOUTHERN UNITED STATES. 50'S AND 60'S IN THE NORTHWEST AND HIGH TEMPERATURES TOMORROW A LITTLE COOLER AS WE BRING A LOT OF 50'S BACK INTO PLAY AND NOT QUITE AS MANY 80'S AS WE GET INTO TOMORROW AS WELL. HERE'S A LOOK AT YOUR JET STREAM FORECAST AND AS WE CONTINUE TO SEE SOMEWHAT ZONAL FLOW AND THAT UPPER LEVEL LOW IN PARTS OF THE SOUTHWEST THAT CONTINUES TO BRING THE RAIN THERE. WARM TEMPERATURES IN THE WEST BUT THEN WE'LL START TO SEE A TROUGH COMING IN EARLY NEXT WEEK SO LOOK FOR MORE MAYBE STORMY WEATHER THERE. THAT'S A LOOK AT YOUR NATIONAL FORECAST NOW LETS CHECK ON THE WEATHER WHERE YOU LIVE.
Regional forecast:
ELCO,NEVADA MOSTLY SUNNY AND WARMER TODAY WITH A HIGH TEMPERATURE OF 80 DEGREES. GALESBURG ILLINOIS SHOWERS AND THUNDERSTORMS ESPECIALLY THIS AFTERNOON AND EVENING HIGH AROUND 80 DEGREES AND NEW HAMPSHIRE SUNNY AND COOLER WITH A HIGH OF 60.

HAVE YOU EVER BEEN INVOLVED IN A FOOD TRADE? LATER WE'LL LOOK AT
THE IMPORTANCE OF SAFETY...BEFORE YOU SWAP.
AND FIND OUT ABOUT A UNIQUE WAY FOR CONSUMERS TO HAVE GREATER
ACCESS TO OMEGA 3'S. . . AND YOU MAY BE SURPRISED BY THE SOURCE.
AGDAY -BROUGHT TO YOU BY BASF. GROW SMART WITH BASF AND GET THE
MOST ACRE AFTER ACRE SEASON AFTER SEASON.
Consumer access to Omega 3’s through beef:
SALMON, SARDINES AND SOME LEAFY GREENS ARE ALL SOURCES THAT COME TO MIND WHEN LOOKING FOR THE HEALTHY FAT OMEGA-3, BUT AVAILABILITY OR PREFERENCE MAY MAKE THE CONSUMPTION OF FISH LESS COMMON FOR SOME IN THE U-S. A NEW STUDY FROM KANSAS STATE UNIVERSITY LOOKED AT CONSUMER DEMAND PRESENTS A UNIQUE WAY FOR CONSUMERS TO HAVE GREATER ACCESS TO OMEGA 3'S. . . AND IT'S THROUGH BEEF.
THE BEEF CAME FROM AN ANIMALS FED A DIET ENHANCED WITH NATURAL ALGAE, WHICH SEEMS TO PUSH OMEGA 3 LEVELS HIGHER IN BEEF. GRASS-FED BEEF DOES HAVE HIGHER LEVELS OF OMEGA-3S AND THAT'S ONE OF THE REASONS THAT CONSUMERS PROBABLY LIKE IT, BUT THIS ENHANCED PRODUCT WITH THE FEEDING OF ALGAE TO THE ANIMALS, ACTUALLY HAS A MUCH HIGHER LEVEL OF OMEGA-3S THAN GRASS-FED BEEF.
FOIX SAYS THAT THE CONSUMPTION OF OMEGA-3S IN A DIET IS BENEFICIAL BUT NOT OCCURRING AT THE LEVEL PUBLIC HEALTH OFFICIALS WOULD LIKE TO SEE. THIS METHOD OF ENHANCING BEEF WOULD WORK TO OFFSET THEIR DEFICIENCY SEEN WITHIN THE TYPICAL AMERICAN DIET, IN A NEW AND HIGHLY EFFECTIVE WAY.
McDonald’s offers “all day” breakfast:
 MEANWHILE MCDONALDS IS BEGINNING IT'S THIRD DAY OF OFFERING "ALL DAY" BREAKFAST. THERE IS A CATCH, HOWEVER. THE GOLDEN ARCHES WILL OFFER ONLY A LIMITED SELECTION OF ITS BREAKFAST MENU. DURING WORLD DAIRY EXPO HELD LAST WEEK IN MADISON, WISCONSIN, WE TALKED WITH DAIRY MANAGEMENT INCORPORATED, WHICH PROMOTES DOMESTIC DEMAND. BOARD MEMBERS SAY CHAINGING UP THE MCDONALDS MENU WILL ULTIMATELY BENEFIT THE DEMAND PICTURE FOR DAIRY PRODUCERS, ESPECIALLY WHEN IT COMES TO BUTTER AND CHEESE.
THE CONCEPT IS IF WE CAN GET THE BIG GUY SAYING I'M GOING TO USE MORE BUTTER OR ALL DAY
BREAKFAST, THE HOPE AND IDEA IS THE OTHER BURGER CHAINS WILL GO AHEAD AND START TO
IMPLEMENT THE SAME THING.
MCDONALDS HAS ALSO MADE THE SWITCH TO USING REAL ACTUAL BUTTER IN ITS RESTURANTS RATHER THAN MARGARINE. SOME IN THE DAIRY INDUSTRY ESTIMATE THAT'S IN THE NEIGHBORHOOD OF 500 TO 600 MILLION POUNDS A YEAR.

WHEN WE COME BACK -WE'RE DISCUSSING SAFETY AT A SWAP-MEET...A FOOD SWAP, THAT IS.

AGDAY-BROUGHT TO YOU BY YAMAHA, MAKERS OF VIKING SIDE BY SIDES.
YAMAHA-REAL WORLD TOUGH.

IN THE COUNTRY BROUGHT TO YOU BY THE ALL NEW KUBOTA SSV SERIES
SKID STEERS. YOU ASKED FOR A QUALITY SKID STEER AND WE DELIVERED.
VISIT YOUR LOCAL KUBOTA DEALER TO TEST DRIVE ONE TODAY.
In the Country:
FOOD SAFETY SHOULD ALWAYS BE A PRIORITY IN ANY COOKS KITCHEN, BUT IT BECOMES MORE IMPORTANT WHEN FOOD IS BEING SHARED WITH OTHERS.
IN THIS REPORT PROVIDED BY THE LSU AGCENTER, TOBIE BLANCHARD VISITED A FOOD SWAP WHERE FOOD SAFETY IS PARAMOUNT.
AT THE RED STICK FOOD SWAP, COOKS AND CRAFTERS SHARE THEIR WARES WITH FELLOW SWAPPERS. ITEMS MUST BE HOMEMADE OR HOMEGROWN, AND IF IT IS A FOOD ITEM, HOPEFULLY, IT'S SAFE TO CONSUME. WHEN YOU SHARE YOUR FOOD WITH OTHER PEOPLE THAT MEANS BIGGER RESPONSIBILITY, SO YOU DON'T WANT TO MAKE OTHER PEOPLE SICK.
FOLLOWING FOOD SAFETY GUIDELINES IS EMPHASIZED AT THE SWAP. SWAP SHEETS ASK HOW AND WHEN THE FOOD WAS PREPARED, HOW IT SHOULD BE STORED AND IF IT IS PERISHABLE.
WE ASK PEOPLE TO USE SOME COMMON SENSE AT HOME. MAKE SURE THEIR PREPARATION ARE CLEAN AND THEIR USING THE PROPER UTENSILS.
JANELLE GIANELLONI ENJOYS COMING TO THE SWAP WITH HER DAUGHTER AND SISTER-INLAW. SHE WORKS IN A MICROBIOLOGY LAB AT A LOCAL MEDICAL CLINIC. SHE SAID SHE TAKES STRICT FOOD SAFETY PRECAUTIONS WHEN PREPARING FOOD.
WE KEEP ALL THE FOODS REFRIGERATED. WE CLEAN THE COUNTER. (CUT) ANYTIME WE TOUCH ANYTHING WASH YOUR HANDS BEFORE YOU DO SOMETHING ELSE.
JANELLE'S SISTER-IN-LAW, JANET, BROUGHT CANNED PEPPER JELLY. XU SAYS CANNED FOODS AND PRESERVES CAN BE AN ISSUE BECAUSE THE BACTERIA THAT CAUSE BOTULISM, CLOSTRIDIUM BOTULINUM OR C. BOT., CAN GROW IN FOODS NOT PROPERLY CANNED. XU SAYS MAINTAINING THE PROPER PH LEVEL IS IMPORTANT BECAUSE C. BOT SPORES CAN'T GROW IN LEVELS BELOW 4.6. IF YOU ARE CANNING FRUIT WHICH HAVE A LOW PH, HIGH ACIDITY, IT'S RELATIVELY
SAFE, SO YOU DON'T HAVE TO ADD ACID AND YOU CAN USE A BOILING WATER CANNER. FOR FOODS WITH LOW ACIDITY SUCH AS VEGETABLES, MEATS OR FRUITS SUCH AS FIGS, ASIAN PEARS AND TOMATOES ACID MUST BE ADDED OR A PRESSURE CANNER SHOULD BE USED TO ENSURE THE FOOD IS SAFE. WITH THE LSU AGCENTER, THIS IS TOBIE BLANCHARD REPORTING.)

THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CINDI CLAWSON 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.
Closing:
I’M CLINTON GRIFFITHS. FRIDAY ON AGDAY, TAKING A CLOSER LOOK AT THE PLUMMETING CATTLE MARKET. OUR PARTNERS AT PROFARMER EXPLORE HOW IT HAPPENED AND HOW IT MIGHT TURN AROUND. THAT AND FARM COUNTRY WEATHER--WEEKDAYS ON AGDAY.

 

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close