AgDay Daily Recap -September 14, 2017

September 14, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
SEPTEMBER 14, 2017


HEADLINES
NEW AG EXPORT EXPECTATIONS ARE OUT FROM USDA -- AND IT'S GOOD NEWS  FOR 2017. COULD A POLICY CHANGE IN CHINA LEAD TO MORE ETHANOL IMPORTS? IN AGRIBUSINESS... KEEPING UP WITH CORN MARKETS. AND CITIZEN SCIENTISTS LENDING THEIR  GARDENS TO RESEARCH IN  TENNESSEE. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

AG EXPORTS
GOOD MORNING I'M CLINTON GRIFFITHS.  AFTER TWO YEARS OF WEAKER  EXPORTS OF FARM GOODS, IT APPEARS 2017 WILL PUSH BACK HIGHER. THE AG DEPARTMENT FORECASTING THE VALUE OF AG EXPORTS IN FISCAL YEAR  2017 WILL HIT NEARLY 140 BILLION DOLLARS. THAT'S UP TEN BILLION FROM F-Y  2016. IT ALSO BREAKS THE TREND OF TWO CONSECUTIVE YEARS OF FALLING  EXPORTS IN VALUE. WITH STRONGER EXPORTS AND MODEST IMPORT INCREASES IN 2017, THE U-S  WILL HAVE AN AGRICULTURAL TRADE SURPLUS OF ABOUT 23-BILLION DOLLARS,  COMPARED TO SEVEN BILLION LAST YEAR. USDA SAYS THE INCREASE REFLECTS THE IMPROVEMENT IN THE GLOBAL  ECONOMY. IT ALSO REPRESENTS A LOWER VALUE FOR THE U-S DOLLAR WHICH  MAKES IT A BETTER DEAL FOR FOREIGN BUYERS TO PURCHASE U-S AG  PRODUCTS. WELL OBVIOUSLY IT MAKES US A LITTLE MORE COMPETITIVE IN THE EXPORT MARKET RELATIVE TO BRAZIL OR  ARGENTINA OR SOMEBODY ELSE WHO DEPENDS ON WHO YOU'RE WHO YOU'RE WEAKENING. WE TALK  ABOUT THE DOLLAR AS AN INDEX, BUT IT'S INDIVIDUAL COUNTRY RELATIONSHIPS THAT DRIVE THE  COMPETITIVENESS. YOU KNOW WE'RE WATCHING THE DOLLAR PRETTY CLOSELY OR THE DX WHICH IS ONLY  ONE OF THREE OR FOUR WAYS OF MEASURING THE DOLLAR INDEX IS AT 92. THAT IS A MAJOR CHART  SUPPORT POINT ON THE WEEKLY AND MONTHLY CHARGE. IF WE BREAK THAT IT GOES DOWN TO 88 AND A  HALF OR SO. THAT WOULD BE A 4 PERCENT SWING. WELL IF IF IF THE DOLLAR IS 4 PERCENT WEAKER, IT  TAKES 4 PERCENT MORE DOLLARS TO BUY THE SAME SUPPLY AND DEMAND VALUE, THAT'D BE 30 SOME  CENTS A BUSHEL IN SOYBEANS. SO WE ARE TALKING SOME SIGNIFICANT PRICE MOVEMENT POTENTIAL, IF  THE DOLLAR WEAKENS FURTHER. THE INITIAL FY 2018 FORECAST SHOWS THAT EXPORTS REACH 139 BILLION  DOLLARS, SLIGHTLY LOWER THAN CURRENT LEVELS.

CHINESE ECONOMY
KEY ISSUES OF FREE TRADE AND ECONOMIC GROWTH TOOK CENTER STAGE THIS  WEEK AS LEADERS OF THE INTERNATIONAL FINANCE WORLD MEET IN BEIJING.  LEADERS OF THE WORLD BANK, THE INTERNATIONAL MONETARY FUND AND  WORLD TRADE ORGANIZATION GATHERED TO FOCUS ON THE GLOBAL ECONOMY. THE MANAGING DIRECTOR OF THE INTERNATIONAL MONETARY FUND SAYS CHINA  SHOULD ATTAIN ECONOMIC GROWTH OF SIX-POINT-SEVEN PERCENT THIS YEAR.  THAT'S BELOW THE EIGHT PERCENT GROWTH CHINA ACHIEVED TWO YEARS AGO. CHRISTINE LAGARDE PRAISED CHINA FOR ITS PIVOT FROM AN  INDUSTRY DRIVEN ECONOMY TOWARDS A SERVICE-ORIENTED ECONOMY. "WE OBSERVE AN INCREDIBLE REBALANCING OF THE CHINESE ECONOMY. I CALL IT THE GREAT PIVOT: FROM  INVESTMENT TO CONSUMPTION, FROM INDUSTRY TO SERVICES, REDUCING THE CURRENT ACCOUNT DEFICIT,  AND MOVING FROM MECHANICAL TO DIGITAL AT A FASTER PACE THAN ANYONE ELSE."

CHINESE ETHANOL CHANGE
MEANWHILE, ANSWERING THE CALL FOR CLEAN AIR, CHINA ANNOUNCING PLANS  TO IMPLEMENT MORE ETHANOL INTO ITS GASOLINE SUPPLY, MOVING TO E10  BLENDS BY 2020.  THE E10 MANDATE COULD CREATE A BOOM FOR U-S ETHANOL, CONSIDERING  CHINA IS THE WORLD'S LARGEST CAR MARKET, AND CURRENTLY RANKS NUMBER  THREE FOR FUEL ETHANOL CONSUMPTION.  PETER MEYER OF S&P GLOBAL PLATTS SAYS THIS MAY BE ONE ANSWER TO  MOVING CORN MARKETS HIGHER DOWN THE ROAD.  "I THINK IT STARTS TO HIT US IN 2019, BECAUSE IF THEY START TO RAMP UP IN 20 WE'RE NOT GOING TO  SEE UNTIL 19, SO WE'RE STILL GOING TO HAVE TO GET THROUGH THE '18 CROP YEAR OR WEEKS BEFORE WE  START TO SEE IT." MEYER CAUTIONS THE BIGGEST UNKNOWN IS CHINA'S DOMESTIC ETHNAOL  PRODUCTION CAPACITY.  BUT HE THINKS IF CHINA LOOKS TO THE U-S TO HELP MEET DEMAND FOR THE  ETHANOL MANDATE, HE THINKS IT INITIALLY WILL BE IN THE FORM OF ETHANOL,  BUT SPILLING INTO CORN SHIPMENTS AFTER THAT.  MEANWHILE CHINA'S THIRST FOR FUEL MAY DRY-UP. ACCORDING TO CHINA'S  NEWS AGENCY, THE COUNTRY IS CONSIDERING PLANS TO END SALES OF CARS  THAT RUN ON GASOLINE OR DIESEL. THE COUNTRY WOULD BE JOINING FRANCE AND BRITAIN WHICH ANNOUNCED  PLANS IN JULY TO STOP SALES OF PETROLEUM-FUELED CARS BY 2040. THE XINHUA NEWS AGENCY SAYS BEIJING IS STEPPING UP PRESSURE  ON AUTOMAKERS TO ACCELERATE DEVELOPMENT OF ELECTRIC CARS.

TRUMP TO VISIT CHINA
PLANS ARE NOW UNDERWAY IN CHINA FOR AN OFFICIAL STATE VISIT BY  PRESIDENT TRUMP.  WHILE NO FIRM DATE IS SET, IT'S EXPECTED THE VISIT COULD HAPPEN STILL THIS  YEAR. CHINESE PRESIDENT XI JINPING INVITED TRUMP TO VISIT CHINA DURING THEIR  MEETING IN APRIL IN PALM BEACH, FLORIDA.  THE PRESIDENT IS ALREADY SCHEDULED TO ATTEND A U-S-ASIA SUMMIT IN THE  PHILLIPINES IN NOVEMBER.

MILK PRODUCTION
A NEW REPORT FROM CO BANK'S KNOWLEDGE EXCHANGE DIVISION IS LOOKING  AT THE PROCESSING CAPACITY IN THE DAIRY INDUSTRY. IT FOUND ON AVERAGE EVERY YEAR -- U.S. DAIRY FARMERS PRODUCE 3 BILLION  MORE POUNDS OF MILK THAN THE YEAR BEFORE. HOWEVER PROCESSING CAPACITY IS GROWING MUCH SLOWER. THE SENIOR DAIRY ECONOMIST AT CO BANK SAYS THE U.S. NEEDS AN ADDITIONAL  27 BILLION POUND OF PROCESSING CAPACITY IN THE NEXT 10 YEARS IF TRENDS  HOLD STEADY. DAMAGE ESTIMATES TO FLORIDA'S AGRICULTURE SECTOR ARE STARTING TO COME-IN.

CROP COMMENTS
MIKE HOFFMAN HAS SOME STRIKING IMAGES IN CROP COMMENTS,  MIKE. GOOD MORNING CLINTON. FLORIDA'S AGRICULTURAL COMMISSIONER GOT A FIRST HAND LOOK AT SOME OF  THE DEVASTATION CAUSED BY HURRICANE IRMA. FROM THE AIR HE TOURED SEVERAL ORANGE GROVES IN CENTRAL AND SOUTHWEST FLORIDA....AND THE DAMAGE IS INDESCRIBABLE. COMMISSIONER ADAM PUTNAM SAID - QUOTING NOW - "IT'S STILL TOO EARLY TO  KNOW THE FULL EXTENT OF THE DAMAGE TO FLORIDA CITRUS. BUT AFTER  GROVES ON FOOT AND BY AIR, IT'S CLEAR THAT OUR SIGNATURE CROP  HAS SUFFERED SERIOUS AND DEVASTATING LOSSES FROM HURRICANE IRMA." AND WE OBTAINED SOME GROUND LEVEL PHOTOS SHOWING ORANGE CROP  DAMAGE NEAR LABELLE, FLORIDA.  JAMES PAUL OF 'GULF COAST CITRUS  CARETAKING" SHARED THESE IMAGES.  GROVES ARE SHREDDED AND THE STILL  UN-RIPED CROP NOW SITS ON THE GROUND. THE FLORIDA FRUIT AND VEGETABLE ASSOCIATION SAYS CITRUS CROP LOSSES  COULD REACH 70-PERCENT IN SOME AREAS. AND NOW SOME HOMETOWN TEMPS. VISIT FARM JOURNAL PRO.COM.  TRUSTED ANALYSIS, PROFESSIONAL INSIGHT. FARM JOURNAL  PRO.COM.

TEASE
WHEN WE COME BACK WE'LL TALK ABOUT THE CORN MARKET AND POTENTIAL  FOR IT TO MOVE HIGHER. AND LATER, ON DROVER'S TV ANOTHER LEAD EXECUTIVE IS ARRESTED IN FROM  JBS IN BRAZIL. I'M CHARLES DENNEY. HOW DO WE KNOW WHAT GROWS BEST IN YOUR GARDEN. WE DO TESTS.THAT STORY FROM U OF TENN ORGANIC FARM IN KNOXVILLE, COMING UP ON AGDAY.

FLOOR OF THE CME
IN AGRIBUSINESS GRAINS REBOUND IN EARLY TRADE WEDNESDAY. LETS SEE HOW THINGS CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. THE SOYBEANS WERE BACK UP TODAY THE FUTURES REALLY GOT BACK. YESTERDAY'S LOSSES AFTER THE USDA REPORT SENT THE MARKET LOWER IT SEEMS LIKE THAT WE'VE KIND OF RECOVERED PRETTY GOOD. THE OLD CROP ENDING STOCKS WERE TRIMMED SOMEWHAT AND EXPORTS WERE UP. AND TECHNICALLY WE FOUND A LITTLE BIT OF BUYING SO OFFERED SOME SUPPORT. CORN ALSO REBOUNDED IT BETTER EXPORTS AND REDUCE THE OLD CROP BUT STOCKS ALSO BOOST THOSE FUTURES AND REALLY GOT THAT OFF THE GROUND. THE BEARISH REPORT YESTERDAY KIND OF WAS MITIGATED BY THAT INFORMATION TODAY THE HARVEST NUMBERS ARE YOU KNOW WE'RE WELL ON OUR WAY NOW TO REALLY BRING THOSE NUMBERS IN AND KIND OF ADD THAT TO THE MARKET TODAY CATTLE WAS LOWER BEEF PRICES WERE MIXED THAN MOVIE REALLY THE BIAS TO THE NEGATIVE AREA. THERE'S BEEN INCREASED SLAUGHTER AND THAT'S LIKE ADDING TO THE MARKET PRESSURE IT'S REALLY DIFFICULT FOR ANY FUNDAMENTAL NEWS TO COME IN HERE AND GIVE THE MARKET A BOOST WE'RE LOOKING FOR PERHAPS BARGAIN HUNTERS TO OFFER SOME SUPPORT TO THE MARKET AND THE HOGS ON THE OTHER HAND ARE SINKING TWO DAYS IN A ROW THE MARKET OPEN GAPPED LOWER AND IT STAYED LOWER AND THE FUTURES CONTINUED TO FALL HARD. IT SEEMS THAT THE INCREASED HERDS AND THE ALSO INCREASED SLAUGHTER IS JUST POUNDING THE MARKET AND WE HAVE REALLY SINCE BEEN GOING LOWER AND LOWER WE HAVEN'T SEEN THESE PRICES IN QUITE A WHILE RIGHT NOW IT SEEMS LIKE RIGHT NOW THERE HAS BEEN A LOT OF LIQUIDATION BY THE FUNDS. AND THAT REALLY IS JUST STEPPING ON THE NECK OF THE MARKET RIGHT NOW. THAT'S ALL FROM THE FLOOR AT THE CME FLOOR I'M VIRGINIA MCGATHEY.

AGRIBUSINESS
CORN TRADE HAS BEEN A BIT CHOPPY THIS WEEK BUT RELATIVELY RANGE  BOUND OVER THE LAST SEVERAL MONTHS.  CAN ANY THING CHANGE THAT? TYNE MORGAN ASKS THAT QUESTION FROM THE ROAD IN TODAY'S ANALYSIS.  HERE NOW WITH DON ROOSE OF U.S. COMMODITIES. DON WHEN WE LOOK AT THESE CORN PRICES JUST  KIND OF FRUSTRATING WE HAVEN'T SEEN A LOT OF MOMENTUM. I'M JUST KIND OF BEEN STUCK IN THIS AND  THIS IS THIS PATTERN. DO YOU THINK THAT CONTINUES IN THE IN THE CORN MARKET. WELL I THINK WHEN  YOU LOOK AT IT TYNE REALLY WHAT WE HAVE IS A REPEAT OF LAST YEAR ACTUALLY EVEN MORE THAN THAT  IF YOU LOOK AT THE LOW THAT WE PUT IN LAST YEAR WAS AUGUST 31. SAME THING THE LOW THIS YEAR  WAS AUGUST 31. SO YOU KNOW WE'VE GOT A SITUATION WHERE WE HAVE A BIG ENDING STOCKS  FIGURE. LAST YEAR WE HAD A BIG CROP AND BIG DEMAND. THIS YEAR WE HAVE A SMALLER CROP AND SMALLER DEMAND SO THAT'S THE REAL SWITCH AND WE'RE GOING TO WATCH SOUTH AMERICA VERY CLOSE  GOING FORWARD FROM HERE FORWARD. SO WHAT IS IT GOING TO TAKE TO BUDGE THIS CORN MARKET. WELL I  THINK YOU TAKE IT STEP BY STEP AND I THINK ONE FROM A PRODUCER STANDPOINT WE HAVE BIG CARRIES IN THE MARKET. SO MAKE SURE THAT HE TAKES ADVANTAGE OF THE LOCKS IN SOME OF THOSE CARRIES  SOME DIFFERENT STRATEGIES. I THINK THAT WILL GIVE US ARTIFICIAL SUPPORT UNDERNEATH THE MARKET BECAUSE A PRODUCER DOESN'T WANT TO SELL AT THESE PRICE LEVELS PARTICULARLY IF YOU LOOK AT THE  KERRY LOOK AT THE BASIS LEVELS IT'S ALMOST LIKE HARVEST BASIS LEVELS CURRENTLY. SO I THINK  HOPEFULLY WE GET INTO A SITUATION WHERE SOUTH AMERICA HAS SOME KIND OF A WEATHER PROBLEM  REMEMBER BETWEEN BRAZIL AND ARGENTINA THEIR CROP THIS YEAR WAS 1.7 BILLION BUSHELS BIGGER  THAN IT WAS A YEAR AGO. SO THAT'S THE BIG ISSUE THEY COULD HAVE A SHORTFALL AGAIN POSSIBLY AND  THAT COULD LEAD TO A BETTER EXPORT STANDPOINT FOR US. BUT THERE ARE HUGE COMPETITION FROM AN  EXPORT STANDPOINT. SO WHAT EXPORTS DO WE NEED TO SEE COME ON LINE. YOU KNOW WE IT SEEMS  LIKE CURRENT EXPORT CURRENT DEMAND WE NEED MORE THAN WHAT WE'RE SEEING RIGHT NOW. SO WHO  DO WE NEED TO SEE COME INTO PLAY REALLY TO BOOST THIS MARKET. WELL I THINK WHAT WE'VE SEEN  HERE SHORT TERM IS WE'VE SEEN WE'VE WE'VE SEEN SOME VALUE BUYING WE'VE SEEN MEXICO  COME INTO THE MARKET. AND I THINK EVENTUALLY IF CHINA WOULD HAVE SOME KIND OF AN ISSUE THEY  COULD BE A BUYER NOW. I WOULDN'T HANG MY HAT ON THAT BECAUSE I THINK THAT'S A LOWER BET RIGHT  NOW. BUT YOU KNOW I THINK THAT WE'RE VERY EFFICIENT IN THE UNITED STATES AND I THINK THAT'S OUR  BIG SELLING CARD AND WE HAVE A CHANCE NOW. THE NEW ERA. EVERY SIX MONTHS WE HAVE A  CHANCE FOR SOMEBODY TO HAVE SOME KIND OF A WEATHER PROBLEM. IT'S YOU KNOW THE SOUTH  AMERICA IN THE FALL AND IT'S YOU US IN THE SPRING SO I THINK THAT GIVES US SOME OPPORTUNITIES  LIKE WE HAVEN'T HAD BEFORE. IT'S A PLUS AND MINUS. ALL RIGHT DAN ROSE THANK YOU SO MUCH.  STAY WITH US WE'LL BE BACK WITH MUCH MORE AGDAY IN JUST A MOMENT. 

WEATHER
WELCOME BACK AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN AND MIKE I THINK WE'VE CAUGHT  THE LAST GASP OF IRMA BEFORE IT MOVES OFF THE COAST HERE IN INDIANA NORTHERN INDIANA. WE JUST  GOT SOME DRIZZLING CLOUDS AND ONE WASN'T VERY NICE BUT IT WASN'T ANY HEAVY RAIN EITHER OF  COURSE WE WERE ON THE NORTHERN FRINGES OF THE REMNANTS OF A FARTHER SOUTH INTO THE OHIO  RIVER VALLEY A LITTLE BIT MORE RAIN BUT YOU CAN SEE IT'S WIDELY SCATTERED NOW AND IT'S NOT GOING  TO PRODUCE ANY HEAVY AMOUNTS THE WAY IT LOOKS AS IT MOVES THROUGH PENNSYLVANIA WEST  VIRGINIA AND THROUGH OTHER PARTS OF THE NORTHEAST. NOW WE ARE GOING TO CONTINUE TO WATCH  JOSE IT'S NOW MOVING NORTH WESTWARD AGAIN AS EXPECTED. BUT THERE IS A LOT OF DIFFERENT  POSSIBILITIES FOR IT AND MAY JUST SET OFF THE EAST COAST FOR FOR SEVEN DAYS OR SO WE'RE JUST  GOING TO HAVE TO WATCH THINGS AND SEE HOW IT GOES. NEXT STORM SYSTEM THE FIRST ONE WE'VE  SEEN MOVE THROUGH THE WEST IN QUITE SOME TIME. AND IT'S A PRETTY GOOD RAIN. AND IF YOU LOOK REALLY CLOSE SOME MOUNTAIN SNOW THERE WESTERN MONTANA NORTHERN IDAHO IN THE HIGHER  ELEVATIONS OBVIOUSLY HEADING THROUGH THE DAYTIME HOURS TO SEE THAT RAIN STARTS TO MOVE IN  NORTH DAKOTA SOUTH DAKOTA BUT ESPECIALLY NORTH DAKOTA AND THAT'S GOOD NEWS THAT WHOLE  AREA HAS BEEN IN A DROUGHT FOR MUCH OF THIS GROWING SEASON AT LEAST WE CAN START TO  REGENERATE SOME OF THAT MOISTURE IN THE GROUND AND YOU CAN SEE THE RAIN AND SNOW  CONTINUES FOR THE NORTHERN ROCKIES SCATTERED SHOWERS ELSEWHERE. CHECKING OUT PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS HAS GENERALLY BEEN LIGHT AMOUNTS. ADDING IN THE NEXT 36.  YOU'LL NOTICE THAT WE CONTINUE TO ADD GENERALLY LIGHT AMOUNTS THROUGH THE NORTHEAST. BUT  THESE ARE SOME PRETTY HEAVY AMOUNTS ESPECIALLY CONSIDERING THERE'S THAT DROUGHT CONDITIONS.  EASTERN MONTANA WESTERN NORTH DAKOTA SOME OF THOSE AREAS GETTING TWO OR THREE INCHES OF  RAIN. SO A DECENT AMOUNT THERE. HIGH TEMPERATURES THIS AFTERNOON YOU CAN SEE THE HEAT IS  ON IN THE CENTRAL AND SOUTHERN PLAINS STILL COMFORTABLE ACROSS MOST OF THE MIDWEST INTO THE  NORTHEAST SOME AREAS THOSE STILL ONLY 60S LOWS TONIGHT 50S AND 60S OHIO VALLEY INTO THE  NORTHEAST 40S AND EVEN A FEW 30S SHOWING UP IN THE NORTHERN ROCKIES BUT STILL PRETTY MUGGY  THROUGH THE CENTRAL AND SOUTHERN PLAINS STATES. HIGH TEMPERATURES TOMORROW AFTERNOON.  CHECKING OUT SOME HEAT AGAIN LOTS OF 80S THROUGH THE CENTRAL AND SOUTHERN PLAINS. BUT HIGHS  ONLY IN THE 30S AND 40S ACROSS MANY PARTS OF MONTANA. THERE IS THE JET STREAM AS WE HEAD  INTO THIS WEEKEND AND SEE THE REMNANTS OF THEM MOVING AWAY. AND BASICALLY WE END UP WITH  A RIDGE IN THE EAST AND A TROUGH IN THE WEST AND THAT'S GOING TO BE THE GENERAL PATTERN FOR THE  NEXT WEEK TO 10 DAYS. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL  FORECASTS. FIRST OF ALL REDDING CALIFORNIA LOTS OF SUNSHINE NOT AS WARM TODAY HIGH OF 85  DEGREES. RUSSELL KANSAS A GOOD DEAL OF SUNSHINE IN HOT HIGH OF 96 AND CHARLESTON WEST  VIRGINIA. CLOUDY AND COOL WITH A SHOWER AROUND HIGH OF 69. 

TEASE
OUR DROVER'S TV REPORT HAS AN UPDATE ON NEW ARRESTS AT JBS IN BRAZIL. AND LATER THESE CITIZEN SCIENTISTS ARE VOLUNTEERING THEIR GARDENS TO  RESEARCH IN TENNESSEE.

DROVERS TV
ON DROVER'S TV, ANOTHER UPDATE IN THE ONGOING SAGA SURROUND JBS IN  BRAZIL. WESLEY BATISTA, THE CEO AND CO OWNER OF JBS HAS BEEN ARRESTED BY  FEDERAL POLICE. HE'S CHARGED WITH INSIDER TRADING AFTER AN INVESTIGATION INTO HIS  ACTIONS PRIOR TO A PLEA DEAL IN MAY. HIS BROTHER JOESLEY TURNED HIMSELF IN EARLY THIS WEEK--AFTER AND  ORDER FOR HIS ARREST BY FEDERAL AUTHORITIES.  THE BATISTA LAWYERS SAY THE ARRESTS ARE UNJUST, ABSURD AND REGRETTABLE. BACK AT HOME, THE STERLING BEEF PROFIT TRACKER SAYS FEEDYARDS AND  PACKERS  SAW MARGINS GO UP IN THE LAST WEEK.LAST WEEK THE AVERAGE MARGIN WAS 35 DOLLARS PER HEAD. THAT'S STILL A HUNDRED DOLLARS LESS THAN JUST A MONTH AGO. PACKER MARGINS ARE MARKEDLY BETTER -- NOW SITTING AT 194 DOLLARS PER  HEAD. CASH FED CATTLE AVERAGED ABOUT 105 DOLLARS PER HUNDRED LAST WEEK. STERLING MARKETING PROJECTS CASH PROFIT MARGINS FOR COW-CALF  PRODUCERS IN 2017 WILL AVERAGE $126 PER COW.  ABOUT 50 DOLLARS LESS THAN LAST YEAR.  AND AT HUSKER HARVEST DAYS, VERMEER ROLLING OUT A NEW CONCEPT FOR  THE HAY MARKET. A SELF PROPELLED ROUND BALER.  THE PROTOTYPE PROMISING TO MOVE QUICKLY AND IS BUILT TO IMPROVE THE  RIDE ACROSS A BUMPY HAY FIELD. THE STEERING IS SIMILAR TO A ZERO TURN MOWER. COMPANY SAYS THE TIGHT TURNING RADIUS HELPING WITH EFFICIENCY AND IT  CAN SET BALES IN THE FIELDS TO HELP MAKE THAT JOB FASTER AS WELL. NO WORD YET ON WHEN THE PROTOTYPE WILL START MANUFACTURING.

TEASE
UP NEXT, USING YOUR HOME GARDEN TO HELP STATE SCIENTISTS WITH  RESEARCH.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN  MOWER AT KUBOTA.COM.HOME GARDENS ARE A GREAT WAY TO PRODUCE HEALTHY FOODS. BUT HOW DO  YOU KNOW WHAT TO PLANT ON YOUR LAND? UT EXTENSION IS TEAMING WITH HOME GARDENERS STATEWIDE TO TEST  DIFFERENT VEGETABLE VARIETIES. CHARLES DENNEY SHOWS US HOW THESE "CITIZEN SCIENTISTS" ARE NOW AG  RESEARCHERS. OH SURE, YOU WISH YOUR GARDEN LOOKED LIKE THIS.   BUT TAKE HEART, THIS ONE WAS PLANTED BY PROS. IT'S UT AGRESEARCH'S ORGANIC FARM IN KNOXVILLE.  NOW YOU CAN GROW MANY OF THESE VEGETABLES ON YOUR LAND – SQUASH, PEPPERS, TOMATOES,  PUMPKINS – BOUNTY FROM A NEW HOME GARDEN TRIAL.  THIS PAST SUMMER, CITIZEN SCIENTISTS STATEWIDE TESTED MANY OF THESE VARIETIES.  "WE WANT TO GET MORE THAN JUST WHAT WE CAN DO AT RESEARCH STATIONS. WE WANT TO KNOW HOW  DIFFERENT CULTIVARS PERFORM IN ALL DIFFERENT PARTS OF THE STATE."  DR. NATALIE BUMGARNER AND DR. VIRGINIA SYKES WITH UT EXTENSION COORDINATED  THE PROGRAM.  THEY SAY THESE HOME GARDENERS – IN THEIR OWN BACK YARDS – PROVIDE VALUABLE RESEARCH.  "SO THERE WERE PAIRED COMPARISONS TO LOOK AT SPECIFIC ATTRIBUTES LIKE DISEASE RESISTANCE OR  PRODUCTIVITY OR SIZE, HOW WELL THEY FIT IN CONTAINERS." "THEN IT GIVES EVERYBODY AN OPPORTUNITY TO BE THE RESEARCHER AND TO BE A PART OF THIS TRIAL. SO  WE CAN GET MANY, MANY MORE LOCATIONS THAN WE COULD EVER DO ALONE. AND REALLY GET A FAIRER  EVALUATION OF HOW THESE THINGS PERFORM ACROSS THE STATE."  "THIS PAST SUMMER, WE HAD 45 CITIZEN SCIENTISTS FROM NORTH OF MEMPHIS TO GREENEVILLE WHO  WERE PART OF THIS PROGRAM. AND UT EXTENSION WANTS TO RECRUIT MORE VOLUNTEERS FOR NEXT YEAR."  MIKE SMITH OF KNOXVILLE SAYS COUNT ME IN, AGAIN.  HE AND OTHER VOLUNTEERS TESTED UTIA VARIETIES AT THE CONCORD UNITED METHODIST COMMUNITY  GARDEN, WHERE THEY'VE GROWN AND DONATED 16-THOUSAND POUNDS OF PRODUCE TO THE NEEDY THE  PAST FEW YEARS.  "WE'VE HAD THREE DIFFERENT SEEDS OF CORN THAT WE PLANTED. WE HAVE THREE VARIETIES OF  TOMATOES, THREE VARIETIES OF PEPPERS. AND WE'RE TESTING TO SEE WHICH IS THE SWEETEST, WHICH  IS FIRST, WHICH HAD THE BEST HARVEST."  IF YOU'RE INTERESTED IN BECOMING ONE OF THESE CITIZEN SCIENTISTS, CONTACT UT  EXTENSION IN YOUR COUNTY.  BUMGARNER SAYS YOU DON'T NEED A TON OF LAND TO TAKE PART.   "WE'RE HOPING THAT WE GET A RANGE OF FOLKS, THOSE WHO'VE BEEN GARDENING FOR 50 YEARS, BUT  ALSO THOSE WHO MIGHT BE NEW TO THE PRACTICE."  THE PROGRAM HAS THREE STEPS – SELECT YOUR TRIALS, GROW YOUR GARDEN, AND TELL US  WHAT YOU THINK.AND WHEN ALL THREE ASPECTS COME TOGETHER, WE'VE GOT TASTY PRODUCE, AND HELPFUL INFORMATION.  "I LIKE THAT TERM 'CITIZEN SCIENTIST.' THAT'S PRETTY COOL. I HADN'T THOUGHT OF THAT ONE."  THIS IS CHARLES DENNEY REPORTING.  

TEASE
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 IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS.

 

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