AgDay Daily Recap - April 3, 2017

April 3, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
APRIL 3, 2017


HEADLINES
NEW USDA REPORT BRINGS SURPRISES AND MARKET REACTION. THE MEGA- MERGER TREND CONTINUES. IN AGRIBUSINESS....MARKET REACTION TO PLANTING INTENTIONS. MACHINERY PETE SAYS MARCH WAS A BUSY MONTH AT AUCTION. AND GIVE A  HOOT-- THIS OWL IS ON THE ROAD TO RECOVERY FOLLOWING A TRAMATIC ACCIDENT. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING  CHEVY SILVERADO.

USDA REPORT
GOOD MORNING I'M CLINTON GRIFFITHS. SOYBEAN FUTURES SAW DEEP-RED  FRIDAY FOLLOWING THE RELEASE OF KEY GRAIN REPORTS THAT SHOW RECORD  ACREAGE IN SOYBEANS WILL BE PLANTED THIS SPRING. MAY SOY FUTURES WERE DOWN 17-CENTS... ONLY A HALF MILLION ACRES SEPARATES USDA'S EXPECTATION OF HOW MUCH  CORN AND SOYBEANS WILL GO IN THIS YEAR. SOYBEANS - 89-AND-A-HALF MILLION ACRES. UP SIX MILLION ACRES FROM LAST  YEAR.CORN COMES IN AT 90 MILLION ACRES - DOWN ABOUT FOUR MILLION ACRES  FROM LAST YEAR. THE STATES HIGHLIGHTED IN BLUE SHOWS WHERE SOYBEAN ACRES ARE  EXPECTED TO BE HIGHER THIS YEAR. USDA SAYS SOYBEANS ARE UP OR UNCHANGED IN 27 OF THE 31 ESTIMATING STATES.  "SOYBEANS REACTED NEGATIVELY AND WE SAW PRICE PRESSURE INTO THE  REPORTS AND COMING OUT OF THE REPORT PROSPECTIVE PLANTINGS FOR  SOYBEANS CAME IN HIGHER THAN ANTICIPATED AND RECORD LARGE BY A WIDE  MARGIN THERE MARCH ONE SOYBEANS STOCKS WERE ALSO BIGGER THAN  ANTICIPATED INDICATING THAT THE 2016 CROP ESTIMATE WAS ACTUALLY  UNDERSTATED AND WILL PROBABLY BE REVISED UP IN SEPTEMBER NOW THE  CORN SIDE OF THINGS WE HAD SOME MIXED RESULTS THERE MARCH ONE  STOCKS CAME IN MUCH HIGHER THAN ANTICIPATED WHICH IS NEGATIVE  OBVIOUSLY BUT THE THE PLANTING INTENTIONS CAME IN LOWER THAN WHAT WAS ANTICIPATED AND DOWN SHARPLY FROM A YEAR AGO THE CORN MARKET  DID SEE A LITTLE BIT OF SHORT COVERING COMING OUT OF THAT REPORT SO IT  WILL BE INTERESTING TO SEE HOW MUCH SUPPORT WE CAN SUSTAIN IN THE  CORN MARKET THERE. "WITH THE BIG SHIFT IN ACREAGE, ANALYSTS SAY FARMERS ARE CLEARLY  RESPONDING TO POOR PRICES OF CORN AND WHEAT. IS THIS ENOUGH TO MAKE A DIFFERENCE IN PRICE?  PURDUE AG ECONOMIST  CHRIS HURT SAYS 'YES'. "WE THINK THAT BECAUSE THE REDUCTION IN CORN ACREAGE THAT MEANS  WITH NORMAL GROWING CONDITIONS THIS SUMMER WE ARE ACTUALLY GOING  TO REDUCE THE SIZE OF THE CARRY OUT ON CORN BY PROBABLY THREE TO  FOUR HUNDRED MILLION BUSHELS WHAT DOES THAT MEAN I THINK THAT MEANS  25 TO 30 CENT HIGHER PRICES USDA U.S. AVERAGE PRICE FOR THE 16 CROP 3.40  CENTS I'M GOING TO PUSH THAT UP TO AROUND 3.70 FOR THE 17 CROP."FARMERS AGREE LEADING UP TO THIS SPRING--PRICES ARE DRIVING DECISIONS. "CORN, THAT'S GOING TO BE PRETTY TOUGH TO BREAK EVEN ON  CORN BUT BEANS YOU CAN MAKE SOME MONEY. I HAVE MOST OF MY BEANS SOLD FOR NEXT YEAR BUT  IF IT DIDN'T MESS UP THE NO TILL I PROBABLY WOULD HAVE WENT TO BEANS," "NASS' ALSO RELEASING THE QUARTERLY GRAIN STOCKS REPORT. CORN STOCKS ARE TEN PERCENT HIGHER - TOTALING 8-POINT-SIX BILLION  BUSHELS. ON-FARM CORN STOCKS ARE UP 13 PERCENT FROM A YEAR AGO. SOYBEANS ARE ALSO HIGHER - ABOUT 13-PERCENT.  (1.73 BILLION BUSHELS) AND PLENTY OF WHEAT STILL BEING HELD. ALL-WHEAT STOCKS ARE 21-PERCENT  ABOVE YEAR-AGO LEVELS. THIS IS A NEGATIVE REPORT, NO DOUBT THERE. THIS DID IMPLY HIGHER THAN  EXPECTED SOYBEANS ACRES AND SO THE SOYBEAN MARKET WILL TAKE A BIT OF  HIT HERE TODAY. ALSO DON'T FORGET HERE THE GRAIN STOCKS NUMBERS  ACROSS THE BOARD WERE HIGHER THAN EXPECTED. THAT IMPLIES WEAKER  USAGE IN THIS PAST DEC THROUGH FEBRUARY PERIOD. BEHIND SOYBEANS, COTTON SEEING THE SECOND LARGEST ACREAGE SHIFT  UPWARDS. GROWERS TELLING USDA THEY PLAN TO PLANT 12 POINT 2 MILLION ACRES IN  2017.THAT'S UP 21 PERCENT...OR ROUGHLY 2 POINT 1 MILLION COMPARED TO LAST  YEAR. GROWERS SAY THE PRICE COMPARED TO OTHER CROPS IS ONE REASON  THEY'RE SHIFTING BACK TO COTTON."THIS YEAR, COMPETING CRPOS LIKE CORN, THE PRICE OF CORN IS SO LOW AND GOING LOWER EVERY DAY,  THAT I DON'T WANT TO GROW MUCH CORN AT ALL. THE PRICE OF COTTON IS STILL NOT A DRIVING POINT, BUT  IT'S THE LESSER OF ALL THE EVILS. " TAYLOR SAYS WHAT'S REALLY DRIVING THE SHIFT BACK TO COTTON ON HIS FARM  IS YIELD POTENTIAL WITH THE CROP, SINCE LAST YEAR HE SAW HIS BEST YIELDS  EVER. 

FMC ACQUIRING DUPONT CROP PROTECTION
ALSO HAPPENING TODAY... AMID THE DOW DUPONT MERGER-- FMC ANNOUNCING  IT'S ACQUIRING A SIGNIFICANT PORTION OF DUPONT'S CROP PROTECTION  BUSINESS. AS PART OF THE E- U APPROVAL FOR THE DOW, DUPONT MERGER, THE TWO  COMPANIES FORCED TO SELL OFF SOME OF ITS BUSINESS. FMC ANNOUNCING IT'S BUYING A SIGNIFICANT PORTION OF DUPONT'S CROP  PROTECTION BUSINESS.FMC WILL PAY DUPONT 1 POINT 2 BILLION DOLLARS AND IN RETURN, DUPONT WILL  ACQUIRE FMC'S HEALTH AND NUTRITION ASSETS.  MARK DOUGLAS, PRESIDENT OF FMC'S AGRICULTURAL BUSINESS SAYS FMC IS  BUYING THE GLOBAL CHEWING PEST INSECTICIDE PORTFOLIO--AND THE GLOBAL  CEREAL BROADLEAF HERBICIDES.  IT WILL ALSO ACQUIRE ALL EMPLOYEES, FACILITIES AND THE SALES FORCE THAT  WORKS ON THOSE BRANDS. THE PURCHASE WOULD MAKE FMC THE FIFTH LARGEST CROP PROTECTION  COMPANY IN THE WORLD. "WITH SENDING HEALTH AND NUTRITION TO DUPONT AND BECOMING AN  ESSENTIALLY PURE PLAY AG COMPANY, I THINK WE HAVE SECURED A VERY  BRIGHT AND VIABLE FUTURE FOR FMC. WHEN YOU THINK ABOUT THE  RESTRICTIONS PLACED UPON MEGA MERGERS TODAY, WITH FMC BEING A PURE  PLAY AG COMPANY, IT'S VERY DIFFICULT FOR ONE OF THE OTHER MAJOR AG  PLAYERS TO TRY AND MAKE A MOVE ON FMC TODAY BECAUSE THE ANTI-TRUST  ISSUES WOULD BE SO HIGH." DOUGLAS SAYS THEY EXPECT THE DEAL TO CLOSE IN THE FOURTH QUARTER. HE SAYS THE NEW DUPONT PRODUCTS WILL LIKELY BE DISTRIBUTED THROUGH  CURRENT RETAIL OUTLETS. 

CROP COMMENTS
WHILE WE'RE FOCUSING ON PLANTING TODAY, OTHER PRODUCERS ARE LOOKING  AT 'HARVEST.' MIKE HOFFMAN HAS A LOOK AT MAPLE PRODUCTION IN CROP  COMMENTS.  GOOD MORNING, CLINTON.  OUR CROP COMMENT IS OF MAPLE PRODUCTION HARVEST FROM MAPLELAND  FARMS IN SALEM, NEW YORK  FARMERS ARE CAPTURING SAP FROM  TREES AND MAKING IT INTO MAPLE  PRODUCTS LIKE SYRUP. IN ORDER TO TURN THE SAP INTO MAPLE,  FARMERS PUMP THE SAP OUT OF A HOLDING TANK AND BOIL THE SAP INTO  SYRUP. THAT PROCESS IS DONE IN A SUGAR SHACK LIKE THIS ONE.  WE WILL HAVE THIS STORY FOR YOU WITHIN THE NEXT COUPLE OF DAYS ON  AGDAY. AND NOW HERE ARE SOME HOMETOWN TEMPS. 

CALIFORNIA WATER
THE DROUGHT BUSTING WEATHER IN CALIFORNIA CONTINUES ACCUMULATE.  THE LATEST SNOWPACK MEASUREMENT TAKEN THIS WEEK SHOWS A SNOW  WATER EQUIVALENT OF 45 POINT 8 INCHES...OR SNOW NOW 94 INCHES DEEP  AVERAGE. THAT'S 164 PERCENT OF TREND LINE FOR THE TIME AND PLACE AND THE  DEEPEST SINCE 2011. IN 2015-- THAT SAME FIELD WAS BARE. CALIFORNIA'S DEPARTMENT OF WATERS RESOURCES SAYS SNOWPACK SUPPLIES  ABOUT 30 PERCENT OF CALIFORNIA'S WATER NEEDS FOR SPRING AND SUMMER.  BUT THE DEPARTMENT WARNS THE LINGERING EFFECTS OF DROUGHT ARE STILL  PREVALENT, WITH GROUND WATER SUPPLIES SHORT IN THE CENTRAL VALLEY. 

TEASE
THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM - OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.  LET MACHINERY  PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.  UP NEXT WE'LL TAKE A LITTLE LONGER LOOK AT THE PLANTING REPORT AND  WHAT IT MEANS FOR MARKETS AS PLANTING ROLLS INTO FULL SWING. AND  MACHINERY PETE TALKS ABOUT A LATE-WINTER SURPRISE. STAY TUNED FOLKS COMING UP I'LL TELL YOU ABOUT FOUR VERY HIGH HIGH  AUCTION PRICES RECENTLY ON JOHN DEERE TRACTORS. AND WHILE THIS WILD BIRD LOOKS PLACID RIGHT NOW, IT HAD A WILD RIDE. WE'LL SHARE ITS STORY OF SURVIVAL LATER ON AGDAY. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

FLOOR OF THE CME
IN AGRIBUSINESS IT WAS A BUSY DAY IN MARKETS FOLLOWING FRIDAY'S REPORT  DUMP. LETS HEAR ABOUT THE ACTION FROM THE FLOOR OF THE CME IN CHICAGO. "HERE ON THIS LAST DAY OF MARCH AS WELL AS THE LAST DAY ON THE FIRST  QUARTER, THE MARKET WAS MIXED WITH LIVE CATTLE. WE HAD A LITTLE BIT OF A  SURGE EARLY AND THEN WE KIND OF CAME BACK, BUT COMING OFF THE LAST  FIVE DAYS, WE HAVE A FULL RETREAT BUT THE MARKET BOTTOMED OUT AND I  THINK IT SHOWS THE SELLING IS OVER AND LOOKING AT THE FEEDER CATTLE  SIDE IT WAS VERY FIRM AND THAT TELLS ME THERE IS OPTIMISM ON THE  HORIZON. THERE IS EXTRA SUPPORT AND DEMAND. THEY ARE EXPECTING SOME  DEMAND IN THE FUTURE. THAT IS GOING TO HELP THE LIVE CATTLE MARKET.  WE'RE GOING TO GO BACK AND POSSIBLY SEE THE MARKET TURN AROUND  THERE.THAT'S ALL FROM THE CME FLOOR, I'M VIRGINIA MCGATHEY. "

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK TODAY BRIAN DORHETY STEWART PETERSON  BRIAN ALRIGHT SO THE REPORTS ARE IN THIS BIG REPORT WE'VE BEEN WAITING  ON FROM USDA IT'S PASSED US BUT EVERYBODY WANTS TO KNOW WHAT'S THE  MARKET IS GOING TO DO AND WHAT TRENDS CAN WE WATCH FOR THIS SPRING  AS WE ROLL INTO PLANTING WHAT DO YOU THINK. YEAH WELL THESE REPORTS  THEY ARE WHAT THEY ARE THEY'RE MARCH REPORTS NOW THE STOCKS NUMBER  A LITTLE BIT NEGATIVE BUT ON THE ACREAGE SIDE KIND OF SOME INTERESTING  NUMBERS THERE NOT SURPRISING CORN FOUR MILLION ACRES LESS THAT WAS  EXPECTED BY THE USDA IN THEIR BASELINE ACREAGE PROJECTIONS SO NO  SURPRISES THERE BUT LET'S WORK SOME NUMBERS REAL QUICK ON THAT WE  TAKE FOUR MILLION DOWN FROM LAST YEAR USE A VERY CONSERVATIVE 150  BUSHELS AN ACRE THAT'S 600 MILLION BUSHELS THAT JUST KIND OF DISAPPEARS  SO IF WE USE ABOUT A 2.4 BILLION BUSHEL CARRYOUT WE'RE DOWN TO 1.8 NOW  LET'S JUST PUT SOME INTERESTING NUMBERS THERE YIELD STAYS THE SAME WE STAY AT 1.8 WHAT IF YIELDS DOWN 10 BUSHELS AN ACRES ALL OF A SUDDEN  THAT'S ANOTHER 800 MILLION BUSHELS AND THAT'S A PRETTY GOOD CROP 164  165 BUSHELS SO WHAT YOU'RE LOOKING AT IS STOCKS AND STOCKS USAGE NUMBERS THAT COULD SHRINK DRAMATICALLY MY POINT IS THINGS COULD  CHANGE REALLY QUICKLY AND SO FOR FEED BUYERS THEY NEED TO RECOGNIZE  THAT DON'T BE REACTIONARY BECAUSE WHEN PRICES MOVE UP THEY MOVE UP  QUICKLY I'LL GO BACK TO 2012 WE WENT FROM 5.15 8.49 OVER 3 DOLLARS IN  LESS THAN 60 DAYS IT'S HARD TO CATCH THAT BOUNCING BALL SO START  GETTING THE CART IN FRONT OF THE HORSE HERE AND START BUYING THIS  CORN BUYING CALLS AND PRODUCERS SHOULD BUY CALLS NOW OUT OF THE  MONEY SO AS PRICES MOVE UP THEY CAN SELL INTO HTTP://IT.OKAY NOW AS YOU  WATCH FOR SOME OF THESE TRENDS AND WHERE THE MARKETS GOING TO GO  TIMES A YEAR I MEAN OBVIOUSLY WEATHER AND SPRING WEATHER IS ALWAYS  KIND OF THE THE WILD CARD. YEAH AND WE'VE GOT MORE ELEMENTS THIS YEAR  TO LOOK AT THAN EVER BEFORE AND THAT IS THE SOUTHERN HEMISPHERE SO  THEY'VE GOT TO WRAP UP THEIR CORN CROP AND SOYBEAN HARVEST AND THEN  CORN HARVEST WE HAVE THAT AS A POTENTIAL ELEMENT BUT BUT REALLY YOU  KNOW THE REAL WEATHER FOR CORN IN THE U.S. PROBABLY STARTS AFTER  JUNE 15TH THAT'S WHERE THE RUBBER HITS THE ROAD WE EXPECT THE CROP TO GET PLANTED THIS YEAR WILL BE INTERESTING WITH BEAN PRICES AS HIGH  AS THEY WERE AT THE INSURANCE LEVEL WE COULD SEE BEAN ACRES SWITCH  OR CORN TO BEANS IF IT'S WET SO WE COULD SEE SOME OF THAT CREATING  AGAIN A HEIGHTENED SENSITIVITY BUT TYPICALLY IN BIG CROP YEARS  FOLLOWING JUNE JULY AUGUST IS WHEN YOUR MARKETS HAVE A TENDENCY TO  SHOW MORE STRENGTH THAN IN LETS SAY SMALLER CROP YEARS OKAY IT'S  SOMETHING TO WATCH LOT'S OF MOVING PIECES HERE APPRECIATE IT BRIAN  WE'LL BE BACK WITH MORE AGDAY RIGHT AFTER THIS.

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN MIKE WHEN WE LOOK AT RAINFALL OVER THE  PAST WEEK  PLACES THAT REALLY NEED THE RAIN GOT IT. YET IT 'S PRETTY AMAZING AND THEY'RE PRETTY SPECTACULAR  WHEN YOU LOOK AT EVERYTHING DARK GREEN IS FROM AT LEAST AN INCH OF RAIN FROM LAST SATURDAY  FROM THIS PAST FRIDAY. AND YOU USUALLY DON'T SEE SOMETHING THIS WIDESPREAD ON A MAP LIKE THIS  BUT THIS IS TWO SEPARATE STORM SYSTEMS ADDED TOGETHER  IT'S AN AMAZING AMOUNT OF MOISTURE AND I KNOW SOME SAY WE'VE HAD WAY TOO MUCH RAIN LIKE  LET 'S SAY A NORTHERN ILLINOIS NORTHERN INDIANA AND AT THE OHIO VALLEY. BUT BOY THOSE PLACES THAT  WE SHOWED YOU ON THE DROUGHT MONITOR, MOST OF THE HOUSE HARRY IS REALLY DID GET SOME  DECENT RAIN. YOU CAN SEE SOME OF THE HEAVIEST AMOUNTS ARE ACTUALLY  SOUTHEASTERN TEXAS AND SOUTHERN PORTIONS OF LOUISIANA AND THEY GOT ONLY EIGHT INCHES PLUS  ESTIMATED BUT ALL THE DARK RED HERE IS FIVE INCHES PLUS AND THERE IS SOME POCKETS ACROSS  OKLAHOMA KANSAS INTO A PARTS OF ARKANSAS. SO, REALLY WAS A WIDESPREAD SITUATION FOR RAIN  AND WE'RE LOOKING FOR MORE OF IT BECAUSE AS WE START THIS WEEK WE HAVE ONE STORM SYSTEM IN THE EAST. AS YOU CAN SEE WITH THAT TROUGH RIGHT THERE AND LOOK AT THIS ONE THIS ONE COMES IN SLOW MOVING, BOWLING BALL LIKE THOSE TO A PREVIOUS STORM SYSTEMS AND THAT WILL HAVE A TON  OF MOISTURE WITH IT. THERE'S WEDNESDAY AS IT MOVES THROUGH THE OHIO VALLEY AND THE GREAT  LAKES SLOWLY PUSHING OFF TO THE EAST. THIS WILL HAVE SOME SNOW BEHIND IT IS GONNA BE A PRETTY COLD SHOT HERE FOR A COUPLE OF DAYS LATE THIS WEEK FOR PARTS OF THE GREAT LAKES DOWN INTO THE OHIO VALLEY, EVEN INTO THE SOUTHEAST AND THEN WE SEE THAT MOVE AWAY  AND AT THIS POINT, I DON'T SEE ANOTHER BIG STORM SYSTEM LIKE THAT COMING IN. WE MAY GO MORE  TO A ZONAL FLOW. WHETHER THIS IS A PATTERN CHANGE OR NOT I'M NOT SURE BUT IT DEFINITELY IS AT LEAST LETTING UP ON THIS PATTERN OF STORM AFTER STORM AFTER  STORM. SO TEMPERATURES THIS WEEK BECAUSE OF THE LATTER HALF OF THE WEEK I'M GOING BELOW  NORMAL AS FAR AS PRECIPITATION FOR THE WEEK, NORMAL FOR MOST OF THE NORMAL HALF OF THE COUNTRY FROM  THE MISSISSIPPI VALLEY TO THE EASTERN SEABOARD, CENTRAL AND WEST TEXAS, MOST OF THE CENTRAL REGION TO THE NORTHERN REGION EXPECTED TO BE BELOW NORMAL THIS WEEK AND THE FAR NORTHWEST  EXPECTED TO BE BELOW NORMAL AS WELL. HERE'S THE 90 DAY OUTLOOK. WE WILL SPREAD OUT THE  TEMPERATURES LIKE WE ALWAYS DO OVER THE THREE MONTHS. FOR APRIL, WE WILL GO ABOVE NORMAL FOR  MOST OF THE CORN BELT, DOWN INTO THE GULF COAST  INTO TEXAS AND BELOW NORMAL FOR THE  NORTHWEST. ON MAY, WE'LL KEEP IT ABOVE NORMAL FOR THE MISSISIPPI VALLEY EASTWARD. MOST OF THE  WEST IS NORMAL ONLY BELOW NORTHWESTERN ROCKIES AND JUNE MORE OF THE SAME FOR THE COUNTRY,  ABOVE NORMAL SAME THING IN THE SOUTHWEST OTHERWISE. NO BELOW NORMAL AREAS. PRECIPITATION FOR THE NEXT 90 DAYS, THE CORN BELT AND INTO THE GREAT LAKES IS ABOVE NORMAL. YOU CAN SEE  PARTS OF WEST TEXAS AND NEW MEXICO TO BE BELOW NORMAL. LET'S TAKE A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL FOR LIVINGSTON, MONTANA, CLOUDY WITH A  BIT OF SNOW AROUND. THE HIGH IS 42 DEGREES. TAKING A LOOK AT LAWTON, OKLAHOMA, GOOD DEAL OF  SUNSHINE AND WARM. THE HIGH IS 75. IN LONDON, KENTUCKY, CLOUDY, TIMES OF RAIN. HIGH  TEMPERATURE IS AROUND 68 DEGREES. 

TEASE
NEXT - MACHINERY PETE LOOKS AT THE BEVY OF STRONGER THAN EXPECTED  AUCTION SALE PRICES IN LATE MARCH. AND IT WAS ALMOST 'LIGHTS OUT' FOR THIS NIGHT-OWL...IF IT WEREN'T FOR THE  FFFORTS OF THIS REHABBER. DETAILS AS WE HEAD IN THE COUNTRY.

MACHINERY PETE
LATE MARCH HISTORICALLY TENDS TO PRODUCE SLIGHTLY "SOFTER" SALE  PRICES. BUT GIVEN THE STATE OF THE AG ECONOMY, BUYERS ARE GIVING A LOT OF  ATTENTION TO GOOD USED MODELS.   MACHINERY PETE LOOKS AT THE LATE WINTER STRENGTH IN PRICES. WELL FOLKS I GOT TO TELL YOU I'VE BEEN VERY SURPRISED HERE THE LAST  HALF OF MARCH AT THE NUMBER OF VERY STRONG AUCTION PRICES I'VE SEEN  ALL OVER THE COUNTRY NOW I WILL QUALIFY THAT AND SAY THE EQUIPMENT HAS  TO BE IN EXCEEDINGLY NICE CONDITIONS BUT WHEN IT IS BOY THE BUYERS ARE  THERE NOW LET'S LOOK AT FOUR EXAMPLES ON JOHN DEERE TRACTORS FROM  THE LAST WEEK ALL DIFFERENT AGE RANGES WELL START OFF WITH THE OLDEST  HERE'S A PICTURE VERY NICE JOHN DEERE 4440 THIS SOLD ON A FARM AUCTION MARCH 24TH IN SOUTH WEST MICHIGAN 6100 HOURS QUAD RANGE WENT FOR  34,000 DOLLARS EXCEEDINGLY STRONG PRICE THERE SAME DAY MARCH 24TH OUT IN SOUTHEAST SOUTH DAKOTA THIS 1999 JOHN DEERE 8300 WITH 3610  HOURS ON IT BROUGHT 81500 DOLLARS NOW THAT'S THE SECOND HIGHEST  AUCTION PRICE I'VE SEEN ON A JOHN DEERE 8300 THE LAST 13 MONTHS NOW  AGAIN SAME DAY BUT LET'S HOP OVER TO CENTRAL OHIO HERE'S A PICTURE OF A  2006 JOHN DEERE 9520 FOUR WHEEL DRIVE 2187 HOURS SUPER SHARP WENT  FOR 134000 DOLLARS AND THAT IS THE HIGHEST AUCTION PRICE I'VE SEEN IN  OVER TWO AND A HALF YEARS ON A 9520 AND LET'S FINISH OFF WE'LL GO OUT  WEST AND LOOK AT A NEWER MODEL HERE'S A PICTURE OF A 2014 JOHN DEERE  6170R 565 HOURS ON IT SOLD ON AN ONLINE FARM AUCTION SOUTH CENTRAL  IDAHO AND IT WENT 138,600 BUCKS NEW RECORD HIGH AUCTION PRICE IN FACT  THE PREVIOUS HIGH WAS 126000 SO THIS ONE JUST BLEW PAST IT SO THERE YOU  GO FOLKS WHEN THESE TRACTORS ARE VERY NICE CONDITION I'M TELLING YOU  THE BUYERS ARE OUT THERE. NEXT WE'LL TELL YOU ABOUT THE CLOSE CALL THIS OWL HAD WITH A TRUCK...AND THE EFFORTS TO GIVE HIM ONE MORE CHANCE.

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. A NEW ENGLAND OWL IS ON-THE-MEND FOLLOWING A CLOSE CALL WITH A  DELIVERY TRUCK. AN OWL - NOW NICKNAMED 'TRUCKER' - GOT STUCK BETWEEN THE CAB OF A  TRUCK AND ITS CARGO HOLD. THE WILD BIRD WAS RESCUED AND SENT TO A REHAB CENTER IN NEW  HAMPSHIRE. IT DOESN'T APPEAR TO HAVE ANY BROKEN BONES BUT DID SUFFER HEAD  TRAUMA IN THE COLLISION EARLIER THIS MONTH AND IS HAVING TROUBLE  SEEING OUT OF ITS RIGHT EYE. "WHEN HE FIRST CAME HERE WE HAD TO HAND  FEED HIM EVERY SINGLE DAY WE GAVE HIM MEDS AND FLUIDS AND NOW HE'S EATING ON HIS OWN AND  WE CONTINUE TO TREAT HIM WITH A COLD LASER THERAPY WHICH HELPS REJUVENATE AT A CELLULAR LEVEL." KELLY SAYS MOST OF THE BIRDS OF PREY THAT SHE TREATS HAVE BEEN HIT BY  AUTOMOBILES. IN THIS CASE, KELLY INITIALLY DIDN'T THINK THE OWL WOULD SURVIVE. BUT SHE  SAID TRUCKER HAS RECOVERED TO THE POINT WHERE IT IS FEEDING ITSELF AND  WILL BE MOVED TO A LARGER ENCLOSURE BY THE WEEKEND.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.

 

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