AgDay Daily Recap - April 24, 2018

April 24, 2018 02:57 AM
 

TODAY ON AGDAY
APRIL 24, 2018

HEADLINES

THE LATEST UPDATE ON  PLANTING PROGRESS - HAVE FARMERS BUSTED OUT OF  THE WEATHER LOCK-UP?  AND WITH A SLOW START TO PLANTING, BOB  UTTERBACK TALKS WEATHER MARKETS IN ANALYSIS. ACROSS THE OCEAN, IT'S ALSO SLOW START FOR  FARMERS IN EUROPE. A GLOBAL GLUT OF MILK WEIGHING HEAVILY ON PRICES. AND A FORAGE EXPERT "PRACTICES WHAT HE  PREACHES" ON HIS OWN LAND. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD. 

CROP PROGRESS
GOOD MORNING I'M CLINTON GRIFFITHS. AMERICAN FARMERS FEEL LIKE THIS WEEK IS THE  UNOFFICIAL START TO THE PLANTING SEASON...AS  TEMPERATURES LOOK TO BE ON THE RISE IN THE  HEARTLAND. THE LATEST CROP PROGRESS REPORT STILL SHOWING  A SLOW START. SOYBEANS POPPING UP FOR THE FIRST TIME THIS  WEEK. NATIONALLY 2 PERCENT IS IN THE GROUND--MOST OF  THAT IN THE SOUTH. THAT'S RIGHT ON PACE (2%) WITH THE FIVE YEAR AVERAGE. WINTER WHEAT CONDITIONS HOLDING STEADY THIS  WEEK AT 31 PERCENT GOOD TO EXCELLENT. WHILE SPRING WHEAT PLANTING IS ROLLING ALONG. 3 PERCENT IS PLANTED BUT ITS WAY BEHIND THE FIVE  YEAR AVERAGE OF 25 PERCENT. AND CORN PLANTING HAS NOW REACH 5 PERCENT...10 POINTS BEHIND THE AVERAGE PACE. NEBRASKA, ILLINOIS AND INDIANA ARE ALL STARTED. HOWEVER, IOWA PLANTING REMAINS AT ZERO THIS  WEEK. IT'S NORMALLY IN DOUBLE DIGITS (11%) BY NOW. SO HOW LONG DOES IT TAKE TO GET A CORN CROP IN?  THE UNIVERSITY OF ILLINOIS HAS BEEN DOING SOME  FIGURING. THEY LOOKED AT DATA FROM 1980 TO 2017...STICKING  WITH IOWA, ILLINOIS AND INDIANA. THE RESULTS SHOW THE CORN CROP CAN BE PUT IN  GIVEN 14 DAYS SUITABLE FOR FIELD WORK. THAT'S DOWN ABOUT A DAY FROM THE EARLY 1980'S. APRIL WILL BE ONE OF THE THREE COLDEST ON  RECORD IN THE U.S. CORN BELT.  THERE HAVE BEEN SEVEN SIMILAR YEARS SINCE 1960,  OR THE MODERN CORN-GROWING ERA.  CORN YIELDS FELL SHORT IN SIX OF THE SEVEN. "THE DETRENDED YIELD FOR 2018 IS ABOUT 171 BUSHELS PER ACRE.  MOST OF THOSE YEARS HAD YIELDS BETWEEN 166 AND 170. ONE OF  THE WORST YEARS WAS 1983. THAT WAS AN OUTLIER THOUGH. WE DON'T  THINK THAT IS THE ONE TO FOCUS ON. IT WAS MUCH LOWER IN THE  140'S."THE RESEARCHERS SAY ASSUMING THE THREE "I"  STATES ARE REPRESENTATIVE OF THE ENTIRE CORN  BELT, 14 DAYS IS ALSO THE ESTIMATE OF FIELD DAYS  NEEDED TO PLANT THE ENTIRE U.S. CORN CROP.  

I-80 TEASE
TEMPERATURES ARE WARMING UP IN NORTHERN INDIANA WHICH MEANS FIELD WORK IS FINALLY  BEGINNING. THE AREA JUST RECEIVED SNOW A WEEK AGO. WITH TEMPERATURES INCHING HIGHER, FARMERS ARE  TURNING WHEELS RUSHING TO GET THE CROP IN.   SOUTH BEND, INDIANA FARMER JEFF PETERSON SAYS  HE DID SOME FIELD WORK OVER THE WEEKEND AND  THE BEGINNING OF THE WEEK.  HOWEVER, IT WILL BE A WHILE BEFORE HE DUSTS OFF  THE PLANTER.  "I WOULD SAY WE HAVE A GOOD WEEK AND A HALF OF FIELD  WORK AND ALSO THE FERTILIZER SPREADING TO FINISH THAT UP."NORTHERN INDIANA IS OUR NEXT STOP ON OUR I-80  PLANTING TOUR. JOINS US FOR THAT STORY TOMORROW ON AGDAY.  

THE SPRING THAT WON’T START IN THE UK
THE U.S. ISN'T THE ONLY COUNTRY WITH A WINTER THAT WON'T LEAVE. IN THE U.K. WEATHER IS WREAKING HAVOC WITH  FARMERS CROPS, LIVESTOCK AND FINANCES AFTER  FREEZING WINTER TEMPERATURES PERSISTED INTO  SPRING. BUT LIKE HERE, THE MERCURY IS SET TO RISE IN THE  COMING WEEKS. THE DEEP FREEZE THAT HELD THIS WORCESTERSHIRE  FARM IN ITS GRIP HAS MELTED, BUT FARMER ADAM  LOCKWOOD IS NOW PLAYING CATCH UP WITH HIS CROP. HE GROWS VEGETABLES AND THIS FIELD OF ONIONS,  ARE BEHIND IN MATURITY. "WE'RE LOOKING AT HAVING FIFTEEN, SIXTEEN MILLION ONIONS IN THIS FIELD AND THEY'RE ALL BEHIND." LOCKWOOD'S BEEN UNABLE TO SOW NEW SEEDS  BECAUSE THE FIELDS HAVE BEEN SO WATERLOGGED.  BUT HE CONSIDERS HIMSELF ON OF THE FORTUNATE  FARMERS IN THE REGION. "EVERYTHING IS DRILLED BY SEED, SO FOR EXAMPLE WE'RE DUE TO START  IN THE MIDDLE OF FEBRUARY, WE DIDN'T START DRILLING UNTIL THE MIDDLE  OF MARCH, YOU KNOW A MONTH BEHIND. WITH GROWERS THAT ARE GROWING THINGS LIKE LETTUCES, OR BRASSICA PLANTS YOU'VE GOT THE  SEED BEING PROPAGATED IN NURSERIES AND THEY'RE TRANSPLANTED IN  THE FIELD, THEY'RE LOOKING AT THROWING WEEKS WORTH OF PLANTS AWAY  WHICH IS A MASSIVE COST AND A MASSIVE IMPACT ON BUSINESSES." ACROSS THE UK THE PROLONGED WET AND COLD  WEATHER HAS LEFT FARMERS AND LIVESTOCK OWNERS  WITH FAILING CROPS, DEAD ANIMALS AND RISING  PRODUCTION COSTS. DURING THE COLD SOME DAIRY FARMERS WERE  FORCED TO DUMP THEIR MILK BECAUSE THE TANKS  NEEDED TO TRANSPORT IT COULDN'T GET TO THEM. SNOW BLEW IN UNDER THE ROOF TILES AT THIS  LAMBING BARN. EWES AND LAMBS DIED AS A RESULT. LIVESTOCK FARMERS ARE NOW FACING RISING  ELECTRICITY, FUEL AND FEED PRICES. ACCORDING TO FORECASTER SIMON KEELING, WHO SUPPLIES WEATHER DATA TO FARMS ALL OVER THE UK,  IT'S PROBABLY THE MOST SNOW COVER OVER A WHOLE  SEASON THAT BRITAIN HAS HAD SINCE 1989. "WE'VE ACTUALLY SEEN GLOBAL TEMPERATURES FALL OVER THE LAST  COUPLE OF MONTHS, BUT THAT'S NOT TO DENY THE LONG TERM TREND IS  UPWARDS, IT IS." FARMERS NOW ARE HOPING THE WEATHER COME SUMMER WILL BE KINDER TO THEIR CROPS AND   ANIMALS...AS THEY WORK TO OVERCOME A LONG AND  DIFFICULT WINTER. FARMERS IN THE UK SAY PRICES FOR THEIR PRODUCTS  ARE UP.  THEY'RE WORRIED CONSUMERS WILL SHOP WITH THEIR  WALLETS... BUYING PRODUCTS THAT ARE LESS  EXPENSIVE. 

CROP COMMENTS
TEMPERATURES ARE WARMING UP ACROSS THE CORN BELT. MIKE HOFFMAN HAS THE LATEST WITH CROP  COMMENTS THIS MORNING. MIKE.  GOOD MORNING, CLINTON.   DENNIS BOGAARDS IS FINALLY IN THE FIELDS IN PELLA, IOWA.  DENNIS SAYS IT'S A BEAUTIFUL DAY TO BE OUTSIDE IN  SOUTHEAST IOWA. HE SAYS A LOT OF EQUIPMENT IS RUNNING THIS WEEK AS WELL. TEMPERATURES ARE STARTING TO CLIMB IN PLATTEVILLE WISCONSIN.  BECCA HILBY SAYS ONE OF HER CALVES, BARNEY, IS FINALLY CATCHING SOME RAYS. THE SNOW HAS MELTED IN HER AREA AND FARMERS ARE IN THE FIELD.  SHE SAYS IT'S ABOUT TIME SPRING DECIDED TO SHOW UP.  AND NOW HERE ARE SOME HOMETOWN TEMPS.  

TEASE
IF THERE'S A WEATHER SCARE THIS SUMMER, ARE YOU READY TO TAKE ADVANTAGE OR PROTECT YOUR LIVESTOCK OPERATION? BOB UTTERBACK JOINS US  NEXT TO DISCUSS BEING PREPARED. PLUS, MEET AN ARKANSAS FARMER WHO'S ALSO AN  EXTENSION SPECIALIST - WHO PUTS HIS FORAGE EXPERTISE TO THE TEST ON HIS OWN OPERATION. YOUR VOTE COULD HELP A COMMUNITY ORGANIZATION WIN TWN  THOUSAND DOLLARS, AND SEND A FARMER ON A DREAM SPORTS TRIP.   VOTE NOW AND HELP MAKE DREAMS COME TRUE AT  POWERTODOMORE.COM.  SPONSORED BY RESICORE CORN HERBICIDE.   

FLOOR OF THE CME
IN AGRIBUSINESS A VERY MIXED START TO THE WEEK. LETS HEAD OVER TO CHICAGO AND THE CME FOR AN  UPDATE. SOYBEANS REALLY FELL THE U.S. DOLLAR INDEX WAS SHARPLY HIGHER. AND THAT REALLY PUTS SOME SERIOUS PRESSURE ON THE MARKET AND  WE'VE BEEN DOWN FOR ALMOST LIKE SIX SESSIONS IN A ROW WHICH IS  KIND OF NOT LIKE SOYBEANS AT THIS TIME OF THE YEAR. BUT THERE IS SOME TRADERS ARE JUST LIKE UNRAVELING THEIR POSITIONS AND  EVERYONE'S WAITING FOR THE YOU KNOW THE QUICK MARKETS TO TRY TO  GET INVOLVED. THE CORN HAS REBOUNDED BECAUSE FRIDAY'S SELL OFF WAS JUST A LITTLE BIT OVERDONE. IT REBOUNDED PRETTY WELL AND IN  SPITE OF THE FACT THAT THE U.S. DOLLAR INDEX IS HIGHER CORN IS  ACTUALLY PRETTY STRONG AND TECHNICALLY THE THE THE TREND SHOULD HAVE ACTUALLY TURNED LOWER AND WE SEE THE MARKET STARTING TO  MAKE ALMOST SOME NEW HIGHS TODAY CAROL WAS HIGHER SHARPLY  HIGHER ACTUALLY THE BEEF PRICES ARE REALLY STARTING TO STRENGTHEN THAT FUTURES MARKET. FINALLY WE GOT SOME GOOD NEWS THERE CAROL  ON FEED REPORT ON FRIDAY AS WELL AS SOME OF THOSE SUPPLIES TOLD  US THAT THE CUT OUTS ARE VERY VERY STRONG AND IT'S POSSIBLY LOOKING THAT WE'RE GOING TO HAVE A PROLONGED UPTURN IN THE MARKET.  THAT'S ALL FROM THE FLOOR OF THE CME GROUP HERE IN CHICAGO I'M  VIRGINIA MCGATHEY 

AGRIBUSINESS
HERE THAT AGRIBUSINESS DESK WE HAVE BOB UTTERBACK UTTERBACK  MARKETING. BOB LET'S TALK ABOUT THE MIDDLE OF THE SUMMER. I KNOW  IT'S STILL EARLY SPRING WE'RE STILL TRYING TO GET THE CROP IN THE GROUND  BUT YOU KNOW WE ALWAYS SIT BACK AND SAY WELL WHAT IF WHAT IF WE  HAVE SOME SORT OF WEATHER SCARE THERE'S SOME SORT OF RALLY. PART OF THAT IS STRATEGY OF HOW YOU ACTUALLY DO SOMETHING ABOUT IT.  AND I THINK YOU'VE GOT TO START IT IN YOUR HEAD NOW. VISUALIZE WHAT  ARE YOU GOING TO DO IF DECEMBER CORN THAT THE BULLS ARE RIGHT.  LET'S SAY THE BULLS ARE ABSOLUTELY RIGHT. WE HAVE DELAYED  PLANNING WE DON'T GET THE CROP PLANTED MID MAY CHINA PROBLEMS RESOLVED. IT TURNS OFF GOES FROM COLD WET TO 2012. HOT AND DRY  BARENS VERY BULLISH OUTLOOK OCCURS AND WE SEE 450 A SIX DOLLAR  COIN IN MID JULY OR EARLY AUGUST. WHAT ARE YOU GOING TO DO ABOUT IT. WHAT ARE YOU GOING TO DO ABOUT IT HOW ARE WE GOING TO TAKE  ADVANTAGE BECAUSE REMEMBER YOU PROBABLY HAVE SOME CASH  SALES ON THE BOOKS THAT YOU'RE BEHIND ON. HE GOT SOME HEDGES  ON THE BOOK YOU'RE BEHIND ON AND YOU'VE GOT HIM TO TURN TO BEN  THAT YOU WERE WORRIED ABOUT AND I'M SAYING YOU SHOULD BE SOUND  2019 BUT IS THERE ANYTHING I CAN YOU CAN'T USE THE WORD GUARANTEE. BUT I WOULD SAY THE ODDS ARE VERY HIGH OF DECEMBER  IF DECEMBER 18 CORN WOULD GO TO 450 PLUS THIS SUMMER. YOU'RE  ALMOST ENSURING THAT MORE CORN ACRES ARE GOING TO COME  PRODUCTION NEXT YEAR BECAUSE WE'VE HAD COORDINATOR'S GOING DOWN EVERY YEAR AND GUYS WOULD LIKE TO GET BACK LUME MORE  CORN ACREAGE I THINK GIVEN OPPORTUNITY. RIGHT. SO YOU'RE ALMOST  GUARANTEED YOURSELF I USE THAT WORD GUARANTEE I CAN'T USE THAT  WORD. THE ODDS ARE VERY HIGH. IF DEMAND HAS A LITTLE WEAKNESS  FALL 2019 PRICES ARE GOING TO BE ON THE SUURE AGAIN. OK. ALL RIGHT. SO THEY SAID YOU NEED IT. SO HOW ARE YOU GOING TO SELL 450  ALICORN. I THINK YOU GOT TO EITHER BUY A PUT IN ROLL UP OR YOU GO SELL  CASH YOU CAN BUY A CAR. SO I WOULD ARGUE HERE IN THE NEAR FUTURE  YOU NEED TO BE BUYING ALIMONY CALLED SAY A SEPTEMBER STRIKE FOR  50 OR LOWER STRIKE FOR DIME. SO YOU CAN DO SOMETHING IN THAT TIME WINDOW IF OCCURS. START THINKING AHEAD RIGHT NOW BECAUSE  MONEY WHEN YOU GET THERE IF YOU MAKE THE DECISION IS JULY 15TH  YOU WON'T GET ANYTHING DONE. THAT'S WHAT I'VE LEARNED AND ALL THE  MARKETS I'VE HAD IN THE PAST. THE BARGAINS BLOWN OUT THE LONG  LOSES MONEY AND THE FARMER DECIDES NOT TO MARKET FOR THE NEXT THREE YEARS. WHAT'S HAPPENED IN THE PREVIOUS BULL MARKET ARE I  WILL APPRECIATE YOUR INSIGHTS AS ALWAYS. WE'LL BE BACK WITH MORE  ON THAT IN JUST A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN HERE AND  MIKE LOOKING AT A LITTLE BIT OF RAIN BUT ACTUALLY WARMER  TEMPERATURES IT'S NOT SNOW RIGHT. IT IS DEFINITELY WARMER. THE SAD PART. THIS STORM SYSTEM GAVE SOME NICE BENEFICIAL RAIN TO THE  DROUGHT AREAS. BUT THESE AREAS DON'T NEED IT. IN THE MIDWEST BUT  THE SHOWERS THIS MORNING ARE FROM THE SOUTHERN GREAT LAKES ALL THE WAY INTO THE MID-ATLANTIC STATES A FEW LINGERING ACROSS  CENTRAL AND SOUTH FLORIDA. NEXT SYSTEM KIND OF DIVING SOUTHWARD.  YEAH THAT DOES HAVE A LITTLE BIT OF SNOW IN IT. BLACK HILLS BACK IN THE PARTS OF THE FAR NORTHERN ROCKIES THIS IS NOT A LARGE SYSTEM  THOUGH AS YOU CAN SEE THE EASTERN ONE CONTINUES TO PUT DOWN A  FAIR AMOUNT OF RAIN IN PLACES AND IT'S NOT EXACTLY MOVING QUICKLY  SO I KNOW A LOT OF FARMERS ARE TRYING TO GET OUT IN A FIELD IN  INDIANA AND OHIO AND THIS WASN'T EXACTLY THE BEST SYSTEM TO COME ALONG. HIGH PRESSURE ARE REALLY UP AND DOWN THE  MISSISSIPPI RIVER KEEPING THINGS MAINLY DRY THERE AND AS WE  HEAD INTO THE DAY TOMORROW YOU CAN SEE THE SYSTEM IN THE PLAINS STATES CONTINUES TO DIVE NOW INTO TEXAS WHICH AGAIN  EXCUSE ME. THESE AREAS COULD USE SOME RAIN. NO DOUBT ABOUT IT  THAT SEVERE DROUGHT CONTINUES. PANHANDLE OF TEXAS PANHANDLE  OF OKLAHOMA. AND THE SYSTEM IN THE EAST CONTINUES TO PUT DOWN  A FAIR AMOUNT OF RAIN AS WE HEAD THROUGH THIS AFTERNOON IT FINALLY  DOES START TO MOVE A LITTLE MORE QUICKLY TOWARD THE NORTHEAST BY LATE TOMORROW THOUGH HIGH PRESSURE FROM THE NORTHERN PLAINS  THROUGH THE ENTIRE WESTERN STATES KEEPING THINGS PRETTY MUCH  DRY. AND YOU CAN SEE PRECIPITATION ESTIMATE THE NEXT 36 HOURS SOME AREAS IN THE MID-ATLANTIC GOING TO GET ONE TO TWO INCHES OF  RAIN THE WAY IT LOOKS A LITTLE LIGHTER AMOUNTS OF FARTHER NORTHWEST  YOU GO. AND THIS SYSTEM AGAIN KIND OF PUTTING DOWN MAINLY LIGHT  AMOUNTS. UNFORTUNATELY SOME OF THOSE DROUGHT AREAS NOT LOOKING  LIKE A WHOLE LOT OUT OF THAT SYSTEM. SNOWFALL AMOUNTS HOPEFULLY WINGSTOP THIS MAP BEFORE TOO LONG. MAYBE WE WILL WE'RE JUST  TALKING TO A FEW OF THE HIGHER ELEVATIONS IN THE ROCKIES OVER THE  NEXT 36 HOURS. HIGH TEMPERATURES TODAY 50S ACROSS THE NORTHERN TIER OF STATES 70S AND 80S. BY THE TIME WE GET INTO THE GULF  COAST IN THE TEXAS AREA AND YOU CAN SEE LOW TEMPERATURES  TONIGHT GOING TO BE KIND OF COLD FROM THE NORTHERN ROCKIES INTO  THE NORTHERN PLAINS WITH LOTS OF LOWS IN THE 30S. BUT FROM THE  OHIO RIVER SOUTHWARD IT'S AT LEAST 50 DEGREES FOR LOWS. AND  TOMORROW IT WILL BE A LITTLE CHILLY ACROSS MUCH OF THE MIDDLE OF THE COUNTRY BUT WITH SUNSHINE NOT TOO BAD. 60S AND 70S THOUGH IN  THE SOUTHEAST AND THE SOUTHERN PLAINS THE JET STREAM STILL HAVE  SOME TROUGHS KIND OF DIGGING IN AND YOU CAN SEE THIS ONE KIND OF COMES INTO THE GREAT LAKES IN THE NORTHEAST FOR THIS WEEKEND.  BUT THEN THE RIDGE COMES RIGHT BACK INTO THE ARCTIC AIR REALLY JUST  DOESN'T GET INVOLVED AND HOPEFULLY THAT'S IT FOR THE YEAR. THAT'S A  LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL  FORECASTS. FIRST OF ALL WINNEMUCCA NEVADA. LOTS OF SUNSHINE AND WARM TODAY HIGH OF 75 DEGREES. GO TO THE MIDDLE OF THE  COUNTRY. POPLAR BLUFF MISSOURI MOSTLY CLOUDY AND COMFORTABLE  HIGH OF 65. AND FINALLY AUGUSTA MAINE NICE TODAY LOTS OF SUNSHINE HIGH 670

TEASE
COMING UP WE'LL LOOK AT THE LATEST MILK PRODUCTION REPORT FROM USDA. LATER WE'LL VISIT AN  ARKANSAS RANCH WHERE "BEST  MANAGEMENT PRACTICES" ARE PUT TO GOOD USE ON  THE LAND. AND THE PAY-OFF SHOWS-UP AT A LOCAL CAFE.

DAIRY REPORT
ON THE DAIRY REPORT, MILK PRODUCTION IN THE FIRST  QUARTER--JANUARY TO MARCH TOTALING NEARLY 54  AND A HALF BILLION POUNDS. THAT'S UP 1 POINT 5 PERCENT COMPARED TO LAST YEAR.MARCH PRODUCTION WAS ALSO ONE AND A HALF  PERCENT HIGHER. THE AVERAGE NUMBER OF MILK COWS ALSO ON THE  RISE IN Q-1. UP 9 THOUSAND HEAD FROM THE END OF 2017 AND 38- THOUSAND HEAD HIGHER THAN A YEAR AGO. EXPERTS SAY ITS NOT JUST THE U.S. IMPACTING  GLOBAL DAIRY SUPPLIES. <WE'RE LOOKING AT NEW ZEALAND PRODUCTION THAT'S BEEN BELOW PRIOR YEARS FOR THE LAST SIX MONTHS. THEIR PRODUCTION IS GOING TO  GO DOWN. THEY JUST CYCLED DOWN BY THE SUMMER. WE NEED THE  EUROPEANS TO BACK OFF A LITTLE BIT AND I THINK WE CAN GET THAT DONE. THEIR MARGINS ARE PRETTY SKINNY AND I THINK THE US  PRODUCTION DROPS OFF A LITTLE BIT AT LEAST. THE GROWTH IN PRODUCTION  SLOWS AND BY FALL EARLY NEXT YEAR I THINK DAIRY PRICES ARE BETTER0> MILK PRODUCTION PER COW HERE IN THE U.S. WAS  ALSO HIGHER IN MARCH. UP 22 POUNDS (2,038) FROM A YEAR AGO AND HIGHEST  FOR A MARCH SINCE RECORDS BEGAN BE KEPT ABOUT  15 YEARS AGO. IN A LITTLE UNDER A YEAR FROM NOW, BRITAIN WILL  OFFICIALLY LEAVE THE EUROPEAN UNION. THE  UNCERTAINY ASSOCIATED WITH THE BREAK-UP IS  CREATING PROBLEMS IN MANY AG SECTORS,  ESPECIALLY DAIRY.  A MAJOR EUROPEAN DAIRY COOPERATIVE SAYS THAT  CURRENCY SWINGS CAUSED BY BREXIT ARE AMONG THE REASONS IT HAS TO CUT COSTS BY NEARLY A HALF  BILLION DOLLARS OVER THE NEXT THREE YEARS.  DENMARK-BASED ARLA FOODS SAYS "TWO  UNEXPECTED DEVELOPMENTS"  - THE POUND'S DROP  AFTER BREXIT AND A SHIFT IN COMMODITY PRICES -  ARE FORCING IT TO ACT. THE CO-OP IS CUTTING ADMINISTRATIVE JOBS AND EXPENSES.  THE COOPERATIVE EMPLOYS ABOUT 19-THOUSAND  PEOPLE. MARCH 29TH, 2019 WILL BE BRITAIN'S LAST OFFICIAL DAY WITH THE E-U.... A 46-YEAR MARRIAGE THAT INTERTWINED ECONOMIES OF 28 EUROPEAN COUNTRIES. ALSO OUT OF THE E-U, THE EUROPEAN UNION AND  MEXICO REACHING THEIR OWN TRADE AGREEMENT. THE DEAL PROVIDES PREFERENTIAL ACCESS FOR MANY CHEESES SUCH AS GORGONZOLA AND ROQUEFORT;  IT ALLOWS THE EU TO SUBSTANTIALLY INCREASE ITS  PORK EXPORTS TO MEXICO. AND NEARLY ALL PORK PRODUCTS WILL GO IN DUTY- FREE. AND IT ENSURES THAT MEXICO NOT ALLOW IMITATIONS  OF 340 DISTINCTIVE EUROPEAN FOODS AND DRINK  PRODUCTS IN MEXICO.  

TEASE
STILL TO COME - MEET A FORAGE SPECIALIST WHO 'TALKS THE TALK AND WALKS THE WALK' WHEN IT  COMES TO RANGE PRACTICES. DETAILS AS WE HEAD IN THE COUNTRY. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS,  UTILILTY VEHICLES, MOWERS AND MORE.  VISIT KUBOTA.COM TODAY. )  A UNIVERSITY OF ARKANSAS PASTURE AND FORAGE  SPECIALIST IS ABLE TO 'PRACTICE WHAT HE PREACHES' TO ARKANSAS FARMERS. THAT'S BECAUSE KENNY SIMON IS A THIRD-GENERATION  CATTLE PRODUCER.  SIMON IS ALSO INVOLVED IN THE LOCAL FOOD  MOVEMENT. KEN MOORE HAS DETAILS IN THIS REPORT PROVIDED BY  THE ARKANSAS FARM BUREAU. IN RECENT YEARS SOME ARKANSAS RANCHERS HAVE BEGUN SELLING  MEAT DIRECTLY TO CONSUMERS AND AREA RESTAURANTS MAKING USE OF  A GROWING NUMBER OF LOCAL MEAT PROCESSING FACILITIES. ONE EXAMPLE IS KITTY SIMON A U OF A DIVISION OF AGRICULTURE PASTURE  AND FORAGE SPECIALIST AND THIRD GENERATION CATTLE PRODUCER NEAR  SALTILLO IN FAULKNER COUNTY. ONE OF THE THINGS THAT WE DO THAT I  THINK PRETTY UNIQUE TO THIS OPERATION IS IS MY JOB WITH THE  UNIVERSITY OF ARKANSAS IS TO HELP PROMOTE BETTER FORAGE MANAGEMENT HELP AND TO GET PRODUCERS WHERE THEY CAN EXTEND  THEIR GRAZING AREA HOPEFULLY TO WHERE THEY CAN GET GRAZING 300  DAYS A YEAR. AND ONE OF THE THINGS THAT THAT OUR PRIDE MYSELF ON HAS ALWAYS BEEN ABLE TO HAD THE OPPORTUNITY TO IMPLEMENT A LOT  OF THOSE PRACTICES THAT WERE OUT PRATES INTO PRODUCERS AND SO  WERE TRYING TO KEEP YOU KNOW OUR GOAL IS TO BE GURLEY'S IN 300 DAYS A YEAR. THERE'S A LOT OF TOM THAT GOES INTO RAISING THE CAP.  CALVES THAT WE'RE SELLING ARE ABOUT WILL BE 16 TO 20 MONTHS OF  AGE AND WE END AROUND 11 TO 12 HUNDRED POUNDS. AND SO  THERE'S THAT THERE'S THAT TIME GAP OF BEING ABLE TO RAISE THEM  CALVES HAS THEM CARE IS BIG ENOUGH FOR SLAUGHTER AND THE POINT  THAT YOU KNOW THAT THEY'RE READY TO SAIL AND SO WOMEN IS INVOLVED IN THE LOCAL FOOD MOVEMENT BY PROVIDING BEEF TO THE  ROOT CAFE IN DOWNTOWN LITTLE ROCK THE ROOT CAFE. HAS BEEN VERY  SUCCESSFUL. WE'VE GOT WE'VE GOT A REAL GOOD WORKING RELATIONSHIP WITH JACK AND PART OF THAT WORKING RELATIONSHIP IS  COME FROM SCHEDULING. YOU KNOW WE'VE WE'VE BEEN ABLE TO  PROVIDE ON BEEF ANY TIME AND EVERY TIME  SO WE FIND A GREAT  MEAT PRODUCER LIKE CLIMATE FARM AND OBVIOUSLY THAT LEADS RIGHT  INTO HAVING A GREAT BURGER. WE SERVE MEAT LOAF IN THE EVENINGS NOW. SO THOSE KINDS OF THINGS ARE POSSIBLE BECAUSE THERE'S A  GREAT NEW SUPPLY COMING FROM SIMON FARMS YOU KNOW THESE  KIDS ALL GO TO SCHOOL. VILONIA SCHOOLS WHICH I STILL CONSIDER A PRETTY RURAL SCHOOL BUT THEY'LL BE VERY FEW CLIC KIDS IN A CLASS THAT  ACTUALLY ARE BEING RAISED ON A FARM. AND SO MANY OF THEM MAY  NOT EVEN KNOW WHAT A CASH COW LOOKS LIKE. SO ONE OF THE THINGS  THAT WE REALLY PRIDE ON IS THAT BEEN ABLE TO RAISE A FAMILY OUT  HERE ON THE FARM AND ARE PRIVILEGED TO DO SO. THIS IS CANMORE REPORTING

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.  

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