AgDay Daily Recap -April 27 2017

April 27, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
APRIL 27, 2017

HEADLINES

A BIG WEEK FOR AGRICULTURE IN WASHINGTON...INCLUDING KEY TAX REFORM  AND CONVERSATIONS WITH THE PRESIDENT. IN AGRIBUSINESS...GLOBAL GRAIN DEMAND. CARGILL IS WALKING AWAY FROM  THE CATTLE FEEDING BUSINESS..AND IT'S A FOOD FIGHT IN WISCONSIN AS THESE  HOME BAKERS FIGHT TO CHANGE A LAW KEEPING THEIR COOKIES OFF THE  MARKET. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

TRUMP’S TAX PLAN
GOOD MORNING I'M CLINTON GRIFFITHS. PRESIDENT DONALD TRUMP PUTTING  AGRICULTURE AND RURAL AMERICA IN THE  SPOTLIGHT THIS WEEK ON MULTIPLE FRONTS. WEDNESDAY - THE WHITE HOUSE UNVEILING ITS TAX PLAN, WHICH WOULD  AMONG THINGS, DO AWAY WITH THE ESTATE TAX OR MORE COMMONLY KNOWN IN  AG CIRCLES AS THE DEATH TAX.  THIS FOLLOWS TUESDAY'S ACTION WITH THE PRESIDENT SIGNING AN EXECUTIVE  ORDER PROMOTING AG. THE ROUNDTABLE DISCUSSION INCLUDED FARMERS AND  THE NEWLY SWORN IN AG SECRETARY SONNY PERDUE.

WHITE HOUSE AND NAFTA
BUT WE BEGIN WITH BREAKING NEWS...IT APPEARS THE WHITE HOUSE IS READY TO COMPLETELY PULL THE PLUG ON  THE NORTH AMERICAN FREE TRADE AGREEMENT - AND NOT JUST RENEGOTIATE  THE 20 YEAR OLD TRADE PACT WITH CANADA AND MEXICO.  AND THIS MOVE IS  UPSETTING MANY MAJOR AG GROUPS. POLITICO IS REPORTING PRESIDENT TRUMP WILL ISSUE AN EXECUTIVE ORDER - THIS ONE TO TERMINATE THIS COUNTRY'S INVOLVEMENT IN 'NAFTA'. NCGA IS DENOUNCING THESE REPORTS THAT THE WHITE HOUSE WILL  WITHDRAW. WESLEY SPURLOCK - WHO IS PRESIDENT OF NCGA - SAYS "WITHDRAWING FROM  NAFTA WOULD BE DISASTROUS FOR AMERICAN AGRICULTURE. WE CANNOT  DISRUPT TRADE WITH TWO OF OUR TOP TRADE PARTNERS AND ALLIES. THIS  DECISION WILL COST AMERICA'S FARMERS AND RANCHERS MARKETS THAT WE  WILL NEVER RECOVER." ACCORDING TO PUBLISHED REPORTS - A DRAFT ORDER HAS BEEN SUBMITTED  FOR A FINAL REVIEW. IT COULD BE UNVEILED LATE THIS WEEK OR EARLY NEXT  WEEK. THE PRESIDENT'S ECONOMICS TEAM UNVEILING THE TAX PLAN THAT WOULD  SIMPLIFY THE PERSONAL TAX CODE AND CUT THE TAX BRACKET ON THE HIGHEST  EARNERS. IT WOULD ALSO CUT THE NUMBER OF INCOME TAX BRACKETS FROM SEVEN TO  THREE. AND FOR FARMERS - IT WOULD REPEAL THE ESTATE TAX - WHICH HAS BEEN A  LONG TIME COMING. GARY COHN, NATIONAL ECONOMIC DIRECTOR: THE THREAT OF BEING HIT BY THE DEATH TAX LEAVES  SMALL BUSINESS OWNERS AND FARMERS IN THIS COUNTRY TO WASTE COUNTLESS HOURS AND RESOURCES  ON COMPLICATED ESTATE PLANNING TO MAKE SURE THEIR CHILDREN AREN'T HIT WITH A HUGE TAX WHEN  THEY DIE."

PERDUE ON THE JOB
ALSO ON THE JOB THIS WEEK - NEW AGRICULTURE SECRETARY SONNY PERDUE.   HE'S NEXT TO THE PRESIDENT AS HE SIGNS AN EXECUTIVE ORDER CREATING A COMMITTEE TO BE HEADED UP BY  SECRETARY PERDUE.  BETSY JIBBEN JOINS US NOW WITH MORE.  CLINTON,  THIS EXECUTIVE ORDER MEANS THIS SUPER COMMITTEE WILL MEET AND  REPORT A LIST OF RECOMMENDATIONS ON CHANGES TO POLICY AND ISSUES  IMPORTANT TO FARM COUNTRY AND RURAL AMERICA.  THEY'RE EXPECTED TO PRODUCE A REPORT IN ROUGHLY 180 DAYS. "TODAY, AMERICA'S FARMERS FEED NOT ONLY THE NATION BUT MILLION OF PEOPLE AROUND THE WORLD.  AND WE'RE GOING TO OPEN THAT UP MUCH MORE FOR YOU FOLKS BECAUSE AS YOU KNOW, TI'S NOT  TOTALLY OPEN,"WITH THE NEW AG SECRETARY BY HIS SIDE,  GROUP OF INDUSTRY LEADERS, FARMERS AND FUTURE FARMERS ATTHE WHITE  HOUSE THE ORDER HAS THREE MAIN GOALS - TO REMOVE BARRIERS TO PROPSERITY ADVANCE INNOVATION AND SUSTAINABILITY  AND EXPAND RURAL EDUCATION OPPORTUNITIES. "WE DONT' WANT TO BE TAKEN ADVANTAGE OF BY OTHER COUNTRIES THAT'S STOPPING AND IT'S STOPPING  FAST," HE'S REFERRING TO RECENT DAIRY POLICY CHANGES IN CANADA AND THE  IMPACT ON DAIRY FARMERS.  "THIS HAS BEEN GOING ON FOR QUITE AWHILE AND WE'RE NOT GOING TO PUT UP WITH IT,"THE U.S. IS POSING NEW TARIFFS ON CANADA - WHICH COULD BE UP TO 24  PERCENT ON IMPORTED SOFTWOOD LUMBER. A MOVE THE CANADIAN  GOVERNMENT STRONGLY DISAGREES. "INDEPENDENT TRADE HAS REPEDATELY FOUND THESE CLAIMS TO BE BASELESS. WE HAVE PREVAILED  IN THE PAST AND WE WILL DO SO AGAIN." PRESIDENT DONALD TRUMP HELD A PRIVATE DISCUSSION WITH OVER A DOZEN FARMERS AND LEADERS INCLUDING HANK CHOATE  A DAIRY PRODUCER AND ROW CROP FARMER FROM JACKSON COUNTY, MICHIGAN."WE TALKED IN THE AREA OF TRADE. AND HE DIRECTED THE SEC OF AG TO DIRECT A LETTER WHERE THEY  CAN SIGN A LETTER WITH CHINA AND JAPAN TO BUILD A STRONGER PARTNERSHIP AND RELATIONSHIP AND  IMPROVE OPPORTUNITIES TO EXPORT PRODUCTS INTO THOSE." CHOATE SAYS SOME OF THE DISCUSSION WAS BASED ON THE H2A PROGRAM..  AND THE NEED FOR YEAR-ROUND LABOR FOR THE LIVESTOCK SECTOR.  IN REGARD TO THE YEAR ROUND WORKER, HE TURNED TO SONNY PERDUE AND SAID WE NEED  TO GET A PROGRAM WHICH MEETS THE NEEDS OF THE LIVESTOCK PRODUCER."CHOATE SAID ANOTHER FARMER SHARED HIS EXPERIENCE WITH THE H2A PROGRAM WHO TURNED TO SONNY PERDUE AND SAID 'WE NEED TO GET THIS  SYSTEM CORRECTED.'  CLINTON. THANKS BETSY.  NOW FORMER PRESIDENT BARACK OBAMA PUT TOGETHER A SIMILIAR COMMITTY  IN 2011.

GRASSLAND DAIRY UPDATE
MEANWHILE, A WISCONSIN STATE OFFICIAL SAYS THEY'RE OPTIMISTIC NEARLY  ALL OF THE 70 OR SO PRODUCERS IMPACTED BY RECENT TRADE AND SUPPLY  ISSUES AT GRASSLAND WILL HAVE A NEW HOME FOR THEIR MILK BY THE END OF  THE WEEK.ADDING THAT IT'S NOT A DONE DEAL BUT THEY'RE CONFIDENT THEY CAN GET IT  DONE. LEADERS IN MINNESOTA SAY ALL 10 PRODUCERS IN THAT STATE HAVE FOUND A HOME FOR  THEIR MILK. AND INTERIOR SECRETARY RYAN ZINKE SAID TUESDAY THAT PRESIDENT TRUMP  HAS AUTHORIZED HIM TO REVIEW ANY NATIONAL MONUMENT CREATED SINCE  JAN. 1, 1996. ZINK SAYS THE REVIEW IS QUOTE "TO MAKE SURE THE PEOPLE HAVE A VOICE" IN  WHICH LANDS RECEIVE THE HIGHEST LEVEL OF FEDERAL PROTECTION. THE MOVE THAT COULD PROMPT CHANGES TO AREAS DESIGNATED BY  PRESIDENT'S OBAMA, BUSH, AND CLINTON. MOST RECENTLY, PRESIDENT OBAMA USED THE ANTIQUITIES ACT TO LOCK UP 256  MILLION ACRES OF LAND AND WATER IN 30 SEPARATE DESIGNATIONS.

LEMON IMPORT BAN
A BAN ON LEMON IMPORTS WILL BE A TOP TRADE TALKING POINT LATER TODAY  WHEN PRESIDENT TRUMP WELCOMES ARGENTINE PRESIDENT MAURICO MACRI TO WASHINGTON. IN DECEMBER,  PRESIDENT OBAMA'S ADMINISTRATION SAID IT WOULD END A 16- YEAR-BAN ON IMPORTS OF LEMONS FROM ARGENTINA. THAT MOVE DID NOT SIT  WELL WITH CALIFORNIA LEMON GROWERS. AFTER TAKING OFFICE PRESIDENT TRUMP ISSUED A 60-DAY "STAY" ON THE  DECISION. AND IT WAS RECENTLY EXTENDED ANOTHER TWO MONTHS. THE WHITE HOUSE SAYS THE STAY IS BASED ON CONCERNS ABOUT SANITARY  STANDARDS. BUT ARGENTINE LEADERS SAY IT'S PROTECTIONISM. PRESIDENTS TRUMP AND MACRI HAVE A PERSONAL RELATIONSHIP FROM THEIR  DAYS AS BUSINESSMEN. ARGENTINA EXPORTS 95-PERCENT OF ITS LEMONS....MOSTLY TO THE EUROPEAN UNION. ALSO IN ARGENTINA - FARMERS ARE GIVING AWAY PRODUCE TO PEOPLE IN  BUENOS AIRES AS PART OF A DEMONSTRATION OVER CONDITIONS FOR SMALL  SCALE PRODUCERS.  HUNDREDS OF PEOPLE RUSHED TO FOOD TRUCKS TO GET FREE FRUIT AND  VEGETABLES. FARMERS SAY PROFITS ARE LOW COMPARED TO THE HIGH PRICES IN  STORES...AND INPUT COSTS ARE TOO HIGH. THEY ARE CALLING ON THE GOVERNMENT TO OFFER LOW INTEREST LOANS AND  LAND RIGHTS PROTECTIONS, IN HOPES OF BUYING LAND THEY ARE CURRENTLY  RENTING FOR PRICES.

COTTON PRICES
COTTON PRICES ARE MAKING A RUN THIS WEEK. THE MAY CONTRACT TOPPING 80 CENTS. STRONG EXPORT SALES ARE LEADING THE RUN. AT THE CURRENT PACE, SHIPMENTS THIS MARKETING YEAR COULD EXCEED  CURRENT USDA ESTIMATES. HIGHER FRONT MONTH PRICES ARE ALSO HELPING SUPPORT NEW CROP  PRICES--EVEN AS PLANTING PROGRESS REMAINS ON PACE AND ACRES ARE  EXPECTED TO BE ABOVE 12 MILLION IN 2017.

WHEAT CONDITIONS
MEANWHILE WHEAT PLANTING IN THE NORTHERN PLAINS IS SLOW DUE TO COOL  WET CONDITIONS. TEMPERATURES ARE EXPECTED TO REMAIN BELOW AVERAGE THROUGH MUCH  OF THE WEEK..IN NORTH DAKOTA ONLY 9 PERCENT OF THE SPRING CROP IS IN THE GROUND.  IT'S USUALLY CLOSER TO 25 PERCENT. ACRES ARE FORECAST LOWER AS FARMERS CONTINUE TO SAY THEY'RE JUST  NOT PLANTING WHEAT IN 2017. "WE SELL SEED AS WELL AND WE SOLD AS LITTLE WHEAT THIS YEAR AS WE'VE SOLD EVER. SO, I THINK A LOT OF GUYS JUST DIDN'T PLANT ANY WHEAT UNLESS THEY WANT TO DO SOME THE FOLLOWING SUMMER."WHEAT PRICES SEEING A BIT OF BUMP AS COLD WEATHER IS FORECAST IN THE  NEXT FEW DAYS ALL THE WAY DOWN TO THE OKLAHOMA-TEXAS BORDER.  TEMPERATURES ARE EXPECTED TO BOTTOM OUT IN THE UPPER 20S TO NEAR 30. A BLAST OF COLD AIR AND HARD FREEZE COULD DAMAGE WINTER WHEAT. 

CROP COMMENTS
MIKE HOFFMAN HAS MORE WEATHER AND CROP COMMENTS FROM THE FARM  TODAY.GOOD MORNING MIKE. GOOD MORNING CLINTON. PARTS OF SOUTH CAROLINA ARE COPING WITH FLOODING RIGHT NOW. THIS  PHOTO IS FROM CALHOUN COUNTY WHICH IS JUST OUTSIDE COLUMBIA.  THE  FARMER WHO SHARED THE PHOTO SAYS THEY GOT ABOUT A FOOT OF RAIN. IT  FLOODED LOW SPOTS IN THIS CORN FIELD. AND FROM SANILAC COUNTY - IN MICHIGAN'S THUMB - THIS FIELD OF SOFT WHITE  WHEAT IS IN GOOD CONDITION. FARMER RITA HEREFORD SAYS THE CROP IS  DOING WELL DESPITE THE MILD WINTER AND VERY LITTLE PROTECTIVE SNOW  COVER. THIS CROP WILL GO TO KELLOGGS IN BATTLE CREEK MICHIGAN ONCE IT'S  MILLED.AND 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! 

TEASE
WHEN WE  COME BACK WE'LL LOOK AT GLOBAL GRAIN DEMAND AND HOW THIS  YEAR'S PLANTING SEASON MAY IMPACT WORLD STOCKS. AND FIND OUT WHY THIS WISCONSIN FARMER COULD FACE LEGAL TROUBLES  FOR WHAT SHE DOES IN THE PRIVACY OF HER OWN KITCHEN. DETAILS WHEN WE  HEAD IN THE COUNTRY. HELP A COMMUNITY ORGANIZATION WIN TEN THOUSAND DOLLARS. VOTE NOW BY TEXTING DREAM TO  31313."

AGRIBUSINESS
KEVIN DULING KD INVESTORS OUR GUESTS HERE AT THE AGRIBUSINESS TODAY KEVIN LET 'S TALK ABOUT  GRAIN DEMAND MAY WE WE HAVE A LOT OF GRAIN ON HAND BUT WHAT 'S THE DEMAND PICTURE BEEN  LIKE AND HOW 'S THAT GONNA PLAY IN WHAT WE SEE AS WE TRAVEL THROUGH THIS YEAR WELL YOU KNOW  WE AS PRODUCERS WE GET SO PRODUCTION BASED ON WINNING IT ALL THE MARKET ALL COMES DOWN  THE ACREAGE IT ALL COMES AT A YIELD AND YOU KNOW WHAT NOT TO ME YOU KNOW LOOK AT OUR YIELDS  LAST YEAR ONE OF THE BEAN YIELD OUT OF THE CORN YIELD LOOK AT THE ACREAGE PHENOMINAL YET YOU  KNOW IT WASN'T WORSE CASE SCENARIO WHEN THE MARKET IN MY OPINION YOU STILL HAD TEN DOLLAR  BEANS WE COULD FORWARD CONTRACTORS JUST A MONTH OR TWO AGO WE CORN 'S BEEN HOVERING  AROUND THREE FIFTY FOUR IN WHICH IS NOT WHAT I CONSIDERED A WORST CASE SCENARIO WITH THAT KIND  OF PRODUCTION AND A MAN 'S JUST GONNA GROW AND SO IN MY OPINION IT IT DOESN'T TAKE MUCH OF A  HICCUP TO GET US BACK TO YOU KNOW PROFITABLE NUMBERS AND IN ALL GRAINS SHOULD SELL THE LOT OF  THE GROUP THAT TRIES TO PAINT THE PICTURE THAT THE EIGHTIES AGAIN OCCUR AGAIN I JUST HAVE TO  STRONGLY DISAGREE BASED ON THE LEVEL OF DEMAND WE CANNOT AFFORD YOU KNOW AS I SAY WE THE  GLOBE CANNOT AFFORD ALL THE PRODUCERS GET IN TOUGH STRAITS AND AFTER YOU KNOW THAT THE DOLLAR  AS PART TO DO WITH THAT ONE NOT BUT IT IT 'S WE'RE GOING TO NEED PRODUCTION TO KEEP UP WITH  DEMAND YELL YEAH I I GUESS THAT IS KIND OF THE THE LIGHT OF THE END OF THE TUNNEL BUT IN THE  MEANTIME WE'VE GOT TO GET A CROP ON THE GROUND WE'RE GONNA GET THROUGH THIS YEAR AND IS  THAT STILL ENTICING OR MOVING ACRES AROUND ALL YEAR UP TO SEE SOME CHANGES YOU KNOW I HEAR IT  YOU LEARN OF THOSE MARCH ESTIMATES IN ON THEIR APP TO MOVE YOU KNOW I MEAN IT'S YOU HAVE TO  SEE THE PREVENT PLANT THAT OPTION BE HOPED FOR WHEN THESE GRAIN PRICES YOU KNOW AND SO  OVER TIME YOUR AGE IN ALL I THINK YOU HAVEN'T SEEN THE MARKETS MOVE YET BUT LIKE I SAY  DEMAND IS THAT IS THE FORCE THAT 'S EQUAL TO SUPPLY AND THAT IT 'S IT 'S GONNA KEEP ROLLING SO ALL  RIGHT WE'LL KEEP AN EYE ON IT THANK YOU FOR BEING HERE WILL BE BACK WITH MORE AGDAY IN JUST A  MINUTE  

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN MIKE EVERYBODIES TALKING  ABOUT WET WHETHER THE MIDDLE THE COUNTRY 'S YEAH AND THIS ONES MOVING AWAY BUT IT 'S A  SECOND ONE COMING OUT OF THE WEST 'S GONNA REALLY PUT DOWN SOME MOISTURE FARTHER EAST SO  LETS PUT THE MAPS INTO MOTION YOU'LL NOTICE A STORM SYSTEM WILL BE MAINLY NORTH WHICH IS WHY I  SAID IS MOVING AWAY IT 'S JUST GONNA BE A QUICK LITTLE BURST OF SHOWERS AND THUNDERSTORMS  ALONG A COLD FRONT AS THAT FRONT MOVES EAST FOR SYSTEM IS GOING TO BE KIND OF WEAK IT 'S GONNA  MOVE NORTHEASTWARD BUT IT'S THE SECONDARY I ALONG WITH SOME ENERGY COMING UP OUT OF THE  SOUTHWEST THAT WILL BE PUTTING DOWN SOME PRETTY GOOD RANGE FARTHER EAST AS WE HEAD INTO THE  WEEKEND BUT BY TOMORROW MORNING EVEN SEE SOME SCATTERED SHOWERS ACROSS THE CENTRAL  PLAINS IT TURNS THE SNOW ALL THE TIME WE GET TO THE PANHANDLE OF NEBRASKA WESTWARD AND THIS  IS A WEAKENING FRONT IN THE EAST IS CAUSING SOME SHOWERS AND THAT'LL BE THE CASE AND IN NEW  ENGLAND AS WE HEAD THROUGH TOMORROW AND SEE POP UP SHOWERS AND THUNDERSTORMS MAINLY  MS IN THOSE HIDDEN MISSED AND MISSED RUNS IN THE SOUTHEAST WE HEAD THROUGH TOMORROW  AFTERNOON AND THIS JUST THE BEGINNING OF THIS STORM AGAIN THERE 'S ENERGY FEEDING IN FROM TWO  PLACES WILL SHOW THAT ON THE JET STREAM COMING UP BUT FIRST ONE WAS PUT DOWN SOME PRETTY  GOOD RAIN SOME OF THIS WAS A SEVERE WEATHER AGENCY ACROSS THE CENTRAL AND SOUTHERN  MISSISSIPPI VALLEY SYSTEM 'S NOT NEARLY AS WET AS IT MOVES FARTHER EAST AND AGAIN THE MAIN  ENERGY IS ACTUALLY MOVING NORTHWARD INTO CANADA ALSO SOME DECENT MOISTURE THERE ALONG  THAT SECONDARY FRONT IN THE CENTRAL PLAINS INTO THE CENTRAL ROCKIES AND ITS SNOW A LOT HIGHER  ELEVATIONS THE ROCKIES AND ALSO IN THE NORTHWESTERN PORTIONS OF THE GREAT LAKES STILL CALLED IN  AFTER SNOW IN SOME AREAS HIGH TEMPERATURES THIS AFTERNOON FORTIES AND FIFTIES BEHIND FRON AS  YOU CAN SEE A STILL SEVENTIES AND EIGHTIES DOWN SOUTH WAS SOME NINETEEN SHOWING UP IN  FLORIDA AND FAR SOUTH TEXAS LOWS TO LIKE HIM A DROP OFF INTO THE THIRTIES AND FORTIES ACROSS MOST  OF THE CORN BELT STILL PRETTY MILD ALONG THE GULF COAST AND HIGHS TOMORROW AFTERNOON AND STILL  WARM AND YOU CAN SEE IN THE SOUTHERN SECTIONS BUT ONLY IN THE FORTIES ACROSS MOST OF THE  NORTHERN PLAINS THERE 'S THE JET STREAM AND THERE 'S A 'S FIRST SYSTEM GOING ON BY YOU CAN SEE  THAT MOVES NORTHWARD THE WIND REPLACE IS IT AN EASTERN CORN BELT THERE 'S THAT WET SYSTEM THIS  IS A TEMPORARY PATTERN THAT GOES BACK A WEEK OR TWO OR THREE OR FOUR WEEKS WHERE WE HAD  THAT WET PATTERN BUT IT DOESN'T LAST LONG WITH ONE STORM SYSTEM AND THEN SOME CHILLY AIR DRIER  AIR COMING THAT'S A LOOK ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS FIRST  OFFER FALLON NEVADA PARTLY SUNNY BREEZY AND COOL DID A HIGH OF SIXTY THREE DEGREES SPENCER  IOWA FREEZE EARLY THEN CLOUDY AND CHILLY IN THE AFTERNOON HIGH OF FORTY NINE ANNAPOLIS  MARYLAND MORNING FOG AROUND AND THEN PARTLY SUNNY AND MILD HIGH SEVENTY SEVEN 

TEASE
WHEN WE COME BACK, WE'LL CHECK ON CATTLE MARKETS AND PRICE TRENDS  WITH DROVERS TV. PLUS A MAJOR ANNOUNCEMENT FROM CARGILL. AND LEARN ABOUT A FOOD FIGHT IN WISCONSIN. ..NOT OVER CHEESE BUT  COOKIES!

DROVERS REPORT
IN OUR DROVERS T-V REPORT - A MAJOR SHIFT FOR CARGILL INCORPORATED.  THE COMPANY ANNOUNCING WEDNESDAY THAT IT WILL EXIT THE CATTLE  FEEDING BUSINESS. THE COMPANY SAYS IT WILL SELL ITS LAST TWO FEED YARDS TO ETHANOL  PRODUCER GREEN PLAINS.  CARGILL PREVIOUSLY SOLD ITS OTHER FEEDYARDS  TO FRIONA INDUSTRIES LAST YEAR. GREEN PLAINS WILL SUPPLY BEEF TO CARGILL'S MEAT PROCESSING PLANTS IN  COLORADO AND KANSAS. CARGILL SAYS IT WANTS TO FOCUS ITS NORTH AMERICAN BUSINESS BY  EXPLORING OTHER PROTEINS, LIKE FISH. STRONG FED CATTLE PRICES THIS SPRING SUGGEST  CONSUMER BEEF DEMAND IS ROBUST, AN IDEA SUPPORTED BY USDA'S LATEST  COLD STORAGE REPORT. FROZEN BEEF INVENTORIES DECLINED 38 MILLION POUNDS DURING MARCH,  WHICH IS A RECORD DROP FOR THE MONTH. FROZEN BONELESS BEEF  INVENTORIES WERE REDUCED BY 40 MILLION POUNDS, ALSO A RECORD DECLINE.   OVERALL, COMPARED TO MARCH LAST YEAR, FROZEN BEEF STOCKS ARE DOWN  4%, WITH BONELESS BEEF STOCKS DOWN 5.  DECLINES IN FROZEN BEEF STOCKS AT A TIME WHEN TOTAL BEEF PRODUCTION  IS 5% HIGHER IS A GOOD SIGN THAT CONSUMERS CONTINUE TO SEEK BEEF  WHEN THEY VISIT THEIR GROCERY STORE.   AN ADDITIONAL INDICATOR POSITIVE FOR THE BEEF MARKET IS THE DECLINE IN  AVERAGE CARCASS WEIGHTS. USDA'S LATEST DATA REPORTED CATTLE CARCASS WEIGHTS AT 802 POUNDS, WHICH IS 20 POUNDS LIGHTER THAN LAST YEAR AND 22  POUNDS UNDER THE FIVE-YEAR-AVERAGE.HENDERSON SAYS, CARCASS WEIGHTS NORMALLY DECLINE DURING THE SPRING,  BUT THIS YEAR THEY'VE FALLEN AT MORE THAN DOUBLE THE FIVE-YEAR RATE.  AS I MENTIONED CATTLE MARKETS HAVE BEEN HOLDING STEADY TO HIGHER THIS  WEEK. BOTH LIVE AND FEEDER CATTLE FUTURES STRONG GAINS THIS WEEK AT THE  CME. FUND MAINTAINING NEAR RECORD LONG POSITION ON LIVE CATTLE FUTURES. ANALYSTS SAY IT SEEMS THEY'RE CHASING CASH CATTLE MARKETS. "NOW THE TRADE WILL WAIT ON CASH CATTLE LATER THIS WEEK FOR FOR SOME  SORT OF TONE FOR THE MOMENT THINGS HAVE BEEN HOLDING TOGETHER VERY  VERY WELL IN THE UPPER  120S UP INTO THE LOW 130S SO THE CASH CATTLE  MARKET HAS LEAD THIS THING AND WE'LL SEE IF IT CAN HOLD TOGETHER AGAIN  THIS WEEK." THE MARICOPA COUNTY, ARIZONA SHERIFF'S OFFICE SAYS A BRUSH FIRE NEAR  THE SALT RIVER SHUT DOWN PART OF BUSH HIGHWAY THIS WEEK. AS OF LATE WEDNESDAY THE FIRE WAS CONTINUING TO GROW FUELED BY WIND  GUSTS OF NEARLY 30 MPH. OFFICIALS SAY MUCH OF THE BRUSH IS SALT CEDAR SPEAKING OF WILDFIRE, WE WANT TO REMIND YOU ABOUT A GREAT  OPPORTUNITY TO HELP FARMERS AND RANCHERS IMPACTED BY WILDFIRES IN EARLY MARCH. THE MILLION DOLLAR WILDFIRE RELIEF FUND IS BEING BACKED BY THE HOWARD  G BUFFETT FOUNDATION AND WILL GO HELP REBUILD MORE THAN 18-THOUSAND  MILES OF FENCING DESTROYED THIS SPRING. LEARN MORE ABOUT HOW YOU CAN HELP AT WILDFIRE RELIEF FUND DOT ORG

TEASE
IF YOU TRY TO SELL HOMEMADE BAKED GOODS IN A COUPLE OF STATES, YOU  COULD RUN INTO TROUBLE WITH THE LAW. MEET A WISCONSIN FARMER TRYING TO CHANGE THAT.... "FOOD FIGHT' - NEXT ON  AGDAY.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA'S FULL LINE OF FIELD-PROVEN HAY TOOLS.  EXPLORE THE FULL  LINE UP AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER TODAY.  ) THERE'S A FOOD FIGHT UNDERWAY IN WISCONSIN AND IT HAS NOTHING TO DO  WITH THE STATE'S FAMED MILK AND CHEESE INDUSTRIES. SOME WISCONSIN  FARMERS ARE CHALLENGING A STATE LAW THAT PROHIBITS THEM FROM SELLING  HOME-BAKED GOODS.  KRISS MARION RUNS A SMALL FARM IN SOUTHWEST WISCONSIN.  SHE ALSO  OWNS A BED-AND-BREAKFAST INN. AS A B-AND-B OWNER, SHE CAN SERVE THE HOMEMADE BAKED COOKIES AND  MUFFINS TO HER GUESTS.  BUT A WISCONSIN STATE LAW FORBIDS HER TO SELL  THE SAME BAKED GOODS TO HER GUESTS ONCE THEY LEAVE. KRISS MARION, BED AND BREAKFAST OWNER: "IT'S ILLEGAL TO SELL THEM THE SAME MUFFINS I JUST  SERVED THEM AT BREAKFAST." WISCONSIN IS ONE OF TWO STATES -THAT DOESN'T ALLOW HOME BAKERS TO  SELL COOKIES, MUFFINS AND OTHER BAKED GOODS. THE OTHER IS NEW JERSEY. MARION AND A COUPLE OTHER FARMERS LOBBIED LAWMAKERS TO GET A  CHANGE. THEIR BILL - NICKNAMED THE COOKIE BILL -- PASSED THE WISCONSIN  SENATE TWICE. BUT IT NEVER CAME UP FOR A VOTE IN THE HOUSE ASSEMBLY. "I'VE SEEN ENOUGH SMALL FARMS TO KNOW THAT THAT  AMOUNT OF DIVERSIFICATION, THAT AMOUNT OF INCOME $5,000, $6,000, $7,000 A YEAR THAT CAN  KEEP PEOPLE ON THE LAND.THE WISCONSIN GROCERS ASSOCIATION IS OPPOSED TO A CHANGE IN THE LAW.  THE GROUP SAYS IT'S A PUBLIC HEALTH ISSUE. BRANDON SCHOLZ, WISCONSIN GROCERS ASSOCIATION: "THEY CAN'T GUARANTEE THE CAT HASN'T  LICKED THEIR BUTTER DISH OR THAT THERE ISN'T MICE FECES IN THE INGREDIENTS PANTRY OR ALL SORTS OF  THINGS LIKE THAT THAT CAN HAPPEN. NOT THAT THEY DO IT INTENTIONALLY BUT IT HAPPENS, OK?" SINCE LEGISLATION DIDN'T WORK, MARION AND FRIENDS FILED A LAWSUIT LAST YEAR -- ASKING THE LAW BE DECLARED UNCONSTITUTIONAL. A WISCONSIN  JUDGE IS SUPPOSED TO HEAR THE CASE TODAY. BUT A DECISION ISN'T EXPECTED  FOR MONTHS.

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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