AgDay Daily Recap - April 9, 2018

April 9, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
APRIL 9, 2018

HEADLINES

AN ESCALATING TRADE DISPUTE GAINS MOMENTUM, BU< WE'RE AS CLOSE TO A TRADE WAR AS WE'VE BEEN IN A DECADE> HOW ARE RISING TENSIONS AROUND TRADE IMPACTING THE PRICE OF EQUIPMENT? MACHINERY PETE WEIGHS  IN.  AS WHEAT PRICES STRUGGLE, FARMERS ON THE EAST COAST ARE GAINING AN APPETITE FOR BARLEY.  THERE ARE WHEAT GROWERS THAT WERE STRICTLY WHEAT GROWERS,  GROWING BARLEY THIS YEAR. > THAT'S AS GROWERS TRY TO QUENCH A GROWING THIRST.  AND WORK IN WISCONSIN THAT TRIES TO DEVELOP AN  APPETITE IN JAPAN FOR U-S DAIRY FROM A YOUNG AGE.    AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST  DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD. 

TRADE WAR OR NOT?
<  "DON'T FORGET TECHNICALLY BOTH COUNTRIES HAVE JUST PROPOSED  TARIFFS. THERE'S NOTHING ENACTED AND I THINK THAT'S AN IMPORTANT  POINT."> NEW SENIOR WHITE HOUSE ECONOMIC ADVISER LARRY  KUDLOW DISMISSING THE NOTION THAT A TRADE WAR IS INEVITABLE, CALLING THIS A "DELICATE BROAD-BASED  NEGOTIATION". GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS  IS OFF TODAY. PERHAPS IT'S A MATTER OF SEMANTICS - BUT IS THIS  ECONOMIC DISPUTE BETWEEN THE UNITED STATES AND  CHINA A "TRADE WAR"? THERE'S NO SHORTAGE OF OPINIONS. . BOTH U-S AND CHINESE LEADERSHIP SAY THE  ESCALATING TRADE DISPUTE HASN'T REACHED THE  LEVEL OF A WAR.  PRESIDENT DONALD TRUMP TWEETING LATE LAST WEEK  THAT, QUOTE, WE ARE NOT IN A TRADE WAR WITH  CHINA... AND THAT NOW WE HAVE A TRADE DEFICIT OF  500 BILLION DOLLAR A YEAR, WITH INTELLECTUAL  PROPERTY THEFT OF ANOTHER 300 BILLION DOOLARS  CANNOT LET THIS CONTINUE.  . SIMILAR SENTIMENTS FROM A CHINESE POLTICAL  ANALYST WHO SAYS THE BREWING THREATS DO NOT  SIGNIFY A FULL-BLOWN TRADE WAR.  . HE COMPARED IT TO PLAYING CARDS. "BOTH SIDES ARE KEEPING THEIR TRUE PRICE CLOSE TO THEIR CHEST  AND ARE COMPETITING AND BARGAINING." END QUOTE.  REGARDLESS THE TOUGH TARIFF TALK HAS RAISED  CONCERNS IN MANY AGRICULTURAL SECTORS. BUT DO  AG ECONOMISTS AGREE THAT WE'RE NOT IN THE MIDST  OF A TRADE WAR YET? HERE'S BETSY JIBBEN.  TYNE,  FARM GROUPS ARE SAYING THIS A TRADE WAR - BUT  WHEN IT COMES TO ECONOMISTS - VIEWPOINTS ARE  SPLIT  ON WHAT SOME ARE CALLING THIS GAME OF "HIGH  STAKES POKER."  <"I WOULD LIKEN IT TO SOMEONE PLAYING A HIGH STAKES POKER GAME  WHERE SOMEONE HAS 4 SIXES AND THEY'RE TRYING TO CONVINCE THE OTHER PRSON AT THE TABLE THAT THEY HAVE A FULL HOUSE,"> IT MAY BE A MATTER OF WHO WILL FOLD FIRST DUIRNG A GAME OF 'HIGH STAKES POKER'  BUT THE QUESTION REMAINS - IS THE U.S. OFFICIALLY IN  A TRADE WAR? <"IF WE GET TO THE MIDDLE OF MAY AND WE HAVE NO RESOLUTION ON  THIS, THEN WE'RE GOING TO BE CALLING IT  A TRADE WAR BUT WE HAVE  TIME,"> ESPECIALLY WHEN IT COMES TO THE THREAT OF  TARIFFS ON AG PRODUCTS.  <"I WOULD CALL IT A TRADE WAR TO A GREAT EXTENT,"> <"THERE ARE STILL CASULATIES AS A PROCESS. SOYBEAN FARMERS ARE AN EXAMPLE. IN THAT STANDPOINT I WOULD CONSIDER IN ESCENSE A TRADE  WAR,">   AND FARMERS ARE PINNED IN THE MIDDLE..  FIVE YEARS DOWN THE ROAD IF THEY'RE STILL THERE, IT'S GOING TO  HURT NOT ONLY THE SOYBEAN MARKET, IT'S GOING TO HURT LIVESTOCK, THE  FINANCIAL SIDE,"> THE  U.S. IS TRYING TO PROTECT ITS INTELLUCTUAL  PROPERTY AND CLOSE THE GAP ON A TRADE DEFICIT. HOWEVER, SUDERMAN SAYS THAT DEFICIT  IS WHY SUDERMAN BELIEVES CHINA COULD RUN OUT OF  PRODUCTS TO THREAT TARIFFS ON AS WELL.  <"WE HAVE A 500 BILLION DOLLAR TRADE DEFICIT WITH CHINA, THAT MEANS THAT WE BUY A LOT MORE FROM THEM THAN WHAT THEY BUY  FROM US. "> SUDERMAN SAYS CHINA DOES NOT PUBLICALLY WANT  TO BE EMBARESSED. PRESIDENT TRUMP MAY NEED TO  GIVE CHINA  AWAY TO GIVE IN YET SAVE FACE. <" THERE ARE A LOT OF THINGS NEGOTIATORS CAN DO. IT ALL COMES INTO  WHAT GIFTS CAN BE DONE IN NEGOTIATIONS AND T HEN IN THE MESSAGE  WHICH COMES OUT PUBLICALLY, IT WILL BE ST ATED SOMEWHAT DIFFERENTLY IN ORDER FOR THE OTHER SIDE TO HAVE SAFE FACE IN THE  PROCESS,"> STRATEGIES BOTH COUNTRIES ARE TAKING - TO  PROTECT THEIR ENTITIES.  REPORTING FOR AGDAY, I'M BETSY JIBBEN.  

OKLAHOMA WHEAT
WHEAT IS ANOTHER CROP CHINA IS TARGETING IN ITS LIST OF 106 PRODUCTS ON WHICH  IT WANTS TO PLACE  A TARIFF. BUT IT'S MORE THAN JUST TRADE CAUSING  PAIN FOR SOME WHEAT GROWERS.. IT'S ALSO THE  POOR CONDITION OF THIS YEAR'S CROP DUE TO UNRELENTING DROUGHT.  USDA WILL RELEASE UPDATED CROP CONDITION  RATINGS TODAY, BUT LAST WEEK, USDA SHOWED OKLAHOMA WHEAT WAS IN THE WORST SHAPE, WITH  ONLY 9 PERCENT RATED GOOD. NONE WAS IN THE  EXCELLENT CATEGORY.  OKLAHOMA STATE WHEAT SPECIALIST KIM ANDERSON  SAYS IF RAINS SOAKED THE STATE TODAY, IT WOULD BE  ENOUGH TO SAVE SOME OF THE CROP, BUT NOT ALL.  <RIGHT NOW YOU'VE GOT PRODUCERS, ESPEICLALY IN THE OKLAHOMA  PANHANDLE WHO HOPE WE DON'T GET RAIN SO THEY CAN INSURE THIS  OUT AND COME IN WITH A SUMMER CROP. HOWEVER, IF THEY GET RAIN, THEY'RE GOING TO GET ENOUGH YIELD SO THEY WON'T BE ABLE TO TILL IT  UNDER AND COME IN WITH A SUMMER CROP AND RECEIVE AN  INSURANCE PAYMENT. SO THERE'S TIME TO SAVE THE CROP. WHEAT IS A  WEED BUT WHAT I'M HEARIN GON THE STREET IS IN SOME AREAS, THAT  WHEAT IS ALMOST DEAD>

EAST COAST GROWING THIRST FOR BARLEY
USDA'S LATEST PLANTING INTENTIONS REPORT SHOWS BARLEY ACRES ARE DECLINING THIS YEAR, DOWN 8  PERCENT FROM 2018. WHILE SOME FARMRS IN STATES  LIKE NORTH DAKOTA AND OREGON OPTING OUT OF  GROWING AS MUCH BARLEY,  IT'S AREAS LIKE  DELAWARE AND VIRGINIA  THAT ARE PICKING UP THE  SLACK SEEING A 25 TO 33 PERCENT INCREASE. AND IT'S  A GROWING THIRST FOR MORE BARLEY THAT'S EATING  INTO WHEAT ACRES FOR FARMERS IN DELMARVA.  IT'S A CRAZE THAT'S GAINING TRACTION AROUND THE COUNTRY.  <WE'RE PROXIMITY MALT. WHICH MEANS WE ARE TRYING TO BE IN CLOSE PROXIMITY TO BOTH THE GROWERS AND THE BREWERS > MATT MUSIAL SAYS LAUREL, DELEWARE IS PERFECTLY  PLACED TO CAPITALIZE ON BOTH OF THOSE. SITTING IN THE MID-ATLANTIC REGION, THE AREA IS CLOSE TO  MAJOR CITIES LIKE BALTIMORE AND WASHINGTON D.C. BUT IT'S ALSO SURROUNDED BY BARLEY. <A BIG REASON FOR OUR BUSINESS AND BUILDIGN THIS BRAND NEW  FACILITY, IS THAT CRAFT BEER IS GROWING IN POPOULARITY. AND WITH CRAFT  BEER GROWING IN POPULARITY, THAT CRAFT BEER USES MORE MALT PER  BARREL, SO THERE'S MORE DEMAND FOR MALT> THE CONVERTED GRAIN FACLITY, IS NOW THIRSTING FOR BARLEY.  <HRE IN THE MID ATLANTIC TO SUPPORT HIS FACILITY, WE'LL NEED SOMEHWERE TBWEEN 10 AND 15,000 ACRES OF BARLEY BEING GROWN  DEPENDING ON YIELDS, OBVIOUSLY TO SUPPORT AN ANNUAL PRODUCTION  HERE OF 25,000 METRIC TONS> IT'S CREATING NEW DEMAND... IN AN AREA THAT  TYPICALLY GROWS WHEAT.  THE WHEAT GROWERS ARE LOOKING FOR DIVERSIFICATION,  DOUBLE CROPPING WHETHER IT BE BARLEY OR WHEAT WITH SOYBEANS IS  A VERY GOOD CROP FOR THIS AREA.  SHIFF SAYS FOR FARMERS IN THIS AREA, IT'S ALL ABOUT BEING ABLE TO GROW TWO CROPS IN A SINGLE YEAR.    YOU CANNOT SINGLE CROP BARLEY OR WHEAT. YOU JUST  CANNOT GENERATE ENOUGH MONEY SO WITH A SINGLE CROP. SO WE  ARE ABLE TO DOUBLE CROP. I THINK THAT IS THE KEY.> BUT IT'S A CHANCE GROWERS AREN'T WILLING TO TAKE,  UNLESS THEY KNOW DEMAND IS WAITING.  <THE GROWERS WON'T PUT IT INT EH GROUND UNTIL THEY KNOW THEY HAVE A CONTRACT WHERE THEY CAN TAKE IT> MUSIAL SAYS CURRENTLY, THE DEMAND IS MUCH  LARGER THAN SUPPLY.  <ONE BATCH OF MALT IN THIS VESSEL IS 200 METRIC TONS, THAT'S  APPROXIMATELY 9500 BUSHELS, OR HTE WAY I LIKE TO EPXLAIN IT TO PEOPLE, WHEN YOUS EE A GRAIN TRUCK DRIVING DOWN THE ROAD, IT'S  ABOUT 10 OF THOSE TRUCKS DRIVING DOWN THE ROAD MAKES UP ONE  BATCH> TODAY, NOT EVEN HALF OF THAT NEED IS CONTRACTED  OUT IN ACRES... < WE'LL PRODUCE NOT ONLY KILMED MALTS, BUT ROASTED MALTS, SO  THOSE THINS THAT MAKE YOUR CRAFT BEER LOTS OF FLABOR AND COLOR,  WE'LL ALSO BE ABLE TO PRODUCE HERE> ACCORDING TO THE BREWERS ASSOCITION, THE CRAFT  BREWER INDUSTRY HAS WITNESSED A DEMAND BOOM  OVER THE PAST DECADE. IN 2009, HTE U-S WAS HOME TO NEARLY 16 HUNDRED  CRAFT BREWERIES. AND BY 2016, THAT NUMBER HAD JUMPED TO 5 THOUSAND 234.  DESPITE THE TREND, SOME DELMARVA FARMERS ARE RELUCTANT TO MAKE THE SWITCH.  IT'S JUST A FEAR FACTOR T WHAT THEY DON'T WANT TO DO IS  GROW SOMETHING AND FIND THAT THE BUYER HAS DISAPPEARED. THAT  IS A MAJOR FEAR IN A TIGHT ECONOMY. SO THERE'S A LOT THERE'S A LITTLE  BIT OF THAT A SLOW TRANSITION.  HE SAYS WHILE MALT BARLEY IS NOW A VIABLE OPTION  TO GROWERS ONCE DEPENDENT ON WHEAT, THE FUL  ECONOMIC IMPACT STILL NEEDS TO BE DISTILLED. TO EXPECT IT TO DO SOMETHING MUCH DIFFERENT THAN ALL  THE OTHER CROPS IS GOING TO BE A LOT TO EXPECT. I DO THINK IT'S GOING  TO BE A GOOD OPTION FOR A WHILE.  

CROP COMMENTS
LET'S GET A QUICK GLANCE AT WEATHER THIS MONDAY MORNING. SAY HELLO TO MIKE HOFFMAN, MIKE. GOOD MORNING TYNE.  A MICHIGAN FARMER POSTED  SOME COMMENTS ON AGWEB. HE SAYS SUGAR BEEETS  HAVE BEEN PLANTED IN THE SAGINAW VALLEY THE  PAST COUPLE OF WEEKS AS WEATHER PERMITTED. AND FROM EASTERN ILLINOIS A FARMER IN COLES  COUNTY SAYS HE HOPES THE WEATHER WILL SETTLE  DOWN SOON. THEY HAVE FROZEN LAKES IN THEIR  FIELDS, SO PLANTING WILL BE WAY BEHIND. AND TAKING A LOOK AT THE ESTIMATED RAIN FROM LAST WREAKING SEE THE MAJORITY OF IT FELL ACROSS THE AREA AND I 70 FROM ST. LOUIS TO PITTSBURGH NOW. THAT WAS MOSTLY SNOW THAT MELTED BUT THAT'S HOW MUCH MOISTURE THEY ENDED UP WITH SOME AREAS TWO TO THREE INCHES OF MOISTURE FROM THAMELTED SNOW. WE'LL CHECK YOUR FORECAST COMING UP BUT FIRST HERE ARE SOME HOMETOWN. TEMPS. ...AD LIB....AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
STILL TO COME I TALK WITH PURDUE ECONOMIST JIM MINTERT ABOUT THE IMPORTANCE OF TRADE TO THE U- S PROTEIN SECTOR. AND MACHINERY PETE EVEN WEIGHS IN ON THE TARIFF TALK <THE PROPOSES CHINESE TARIFFS TO U.S. SOYBEANS HAVE ANY EFFECT ON USED EQUIPMENT VALUES LAST WEEK. STAY TUNED.>  

USMEF FEBRUARY EXPORTS
IN AGRIBUSINESS,  BOTH  PORK AND BEEF POSTED ANOTHER STRONG  MONTH FOR EXPORTS IN FEBRUARY. .  UNITED STATES MEAT EXPORT FEDERATION SAYS  PORK EXPORTS IN FEBUARY WERE UP 4 PERCENT IN  VOLUME AND 12 PERCENT IN VALUE.  AND BEEF EXPORTS SEEING DOUBLE DIGIT GAINS,K  JUMPING 11 PERCENT IN VOLUME AND UP 18 PERCENT  IN VALUE.  AND WHEN LOOKING AT THE IMPORTANCE OF TRADE, U- S-M-E-F SAYS PORK EXPORTS IN FEBUARY ACCOUNTED  FOR NEARLY 28 PERCENT OF PORK PRODUCTION, AND   NEARLY 14 PERCENT OF BEEF PRODUCTION  

AGRIBUSINESS
<HERE NOW WITH JIM MINTURT OF PURDUE UNIVERSITY. JIM WE'VE  BEEN TALKING ABOUT THIS UNCERTAINTY ABOUT TRADE. I MEAN IT'S  MAKING HEADLINES NOT ONLY IN AG MEDIA BUT BUT BUT ALSO MAINSTREAM MEDIA. BUT WHEN YOU LOOK AT THE PROTEIN SECTOR JUST  AT THE BEET SECTOR HOW VITAL IS TRADE TO THEM. IT'S VERY IMPORTANT.  YOU KNOW GOING BACK IN THE MID 1980S WHEN TRADE IN THE MEATS  JUST STARTED TO TAKE OFF WE WERE EXPORTING LESS THAN 2 PERCENT OF  U.S. PRODUCTION. AND THAT'S ACROSS BEEF PORK AND POULTRY. TODAY IT'S ABOUT 16 TO 17 PERCENT OF U.S. PRODUCTION. SO IT'S BECOME AS  VERY VERY IMPORTANT SOURCE OF DEMAND. WE USED TO BE ALMOST  ENTIRELY DOMESTICALLY FOCUSED. NOW IF YOU THINK ABOUT IT FROM A LONGRUN PERSPECTIVE ALL THE GROWTH OPPORTUNITIES ARE REALLY IN THE  EXPORT CHANNELS. SO MAINTAINING OPEN ACCESS TO THOSE  INTERNATIONAL MARKETS IS TREMENDOUSLY IMPORTANT TO THE MEATS. HAVE WE SEEN ANY EXPORT PARTNER GROW TREMENDOUSLY. I MEAN  LET'S NOT LOOK AT JUST CHINA LET'S LOOK AT SOME OF THESE OTHER  COUNTRIES WHERE WE'VE SEEN THEM REALLY UP THEIR PURCHASES OF U.S. MEAT PRODUCTS. WELL OVER THE LAST 25 YEARS WE'VE HAD  INCREASED TRADE WITH THE NAFTA COUNTRIES ESPECIALLY MEXICO. SO  THEY'VE BEEN A LARGER CONSUMER OVER THAT TIMEFRAME. THAT'S BEEN A BIG BENEFICIARY OF THE MEATS FROM A LONGER TERM  PERSPECTIVE AND ACTUALLY LOOKING AHEAD. SOUTHEAST ASIA IS A  TREMENDOUS GROWTH MARKET AS THOSE INCOME LEVELS COME UP  PEOPLE WANT TO IMPROVE THEIR DIETS. AND WHEN PEOPLE WANT TO  IMPROVE THEIR DIETS AROUND THE WORLD THAT ALMOST ALWAYS MEANS  INCREASING ANIMAL PROTEIN IN THEIR DIET. SO THE QUESTION MARK FOR THE U.S. IS PROBABLY NOT SO MUCH CAN WE SEE EXPORTS GROW TO  SOME OF THOSE COUNTRIES BUT WHICH PRODUCTS ARE THEY GOING TO  PREFER. AND IF YOU LOOK AT THE MORE RECENT DATA THAT THE TWO THINGS TWO COMMODITIES ARE PROBABLY GOING TO BE THE MOST LIKELY  BENEFICIARIES ARE FIRST OF ALL POULTRY AND THEN SECOND PORK. AND IF  YOU LOOK OVER THE LAST THREE DECADES THE BIG BENEFICIARY IN THE  U.S. IN TERMS OF THE MAGNITUDE OF CHANGE HAS BEEN THE PORK  SIDE PORK EXPORTS HAVE GROWN 52 FOLD IN A LITTLE OVER THREE DECADES AN AMAZING SUCCESS STORY. PORK EXPORTS WERE TRIVIAL IN  THE MID 80S. NOW IN THE BALLPARK OF 20 PERCENT OF U.S.  PRODUCTION. WOW. ALL RIGHT. WHEN AND HOW MUCH OF THAT GOES TO CHINA. CHINA IN 2017 TOOK ABOUT 7 PERCENT BY VOLUME OF OUR  PORK EXPORTS. HONG KONG TOOK ANOTHER 3 PERCENT AND SOME OF THAT GETS TRANSSHIPPED SO BETWEEN 7 AND 10 PERCENT WHICH IS  SIGNIFICANT. YEAH DEFINITELY SIGNIFICANT. ALL RIGHT JIM THANK YOU SO  MUCH FOR JOINING US. WE APPRECIATE IT. WE NEED TO TAKE A QUICK BREAK AND THEN WE'LL HAVE A CHECK OF WEATHER HERE ON AGDAY> 

WEATHER
WELCOME BACK. TIME NOW TO CHECK WEATHER MAGAZINE. THE JET STREAM. WHAT IS THE MAJOR WEATHER MAKER. YOU'RE WATCHING THIS WEEK. WHAT WE'VE BEEN WATCHING THE BIG ROTATION THE BIG CUTOFF LOW IN THE HUDSON BAY AREA THAT'S WEAKENING. SO THAT MAY CHANGE THE PATTERN AS WE HEAD THROUGH THE NEXT COUPLE OF WEEKS. AND THAT THING HAS BEEN SENDING SHOTS OF COLD AIR INTO THE NORTHERN PARTS OF THE COUNTRY AND OCCASIONALLY THAT'S BEEN GOING INTO THE SOUTHEAST. BUT YOU FOLKS HAVE BEEN WARMING BACK UP AGAIN FARTHER NORTH NOT SO MUCH IT'S BEEN COLD PRETTY MUCH THE WHOLE TIME FOR THE PAST COUPLE OF WEEKS. NORTHERN PLAINS OHIO VALLEY GREAT LAKES NORTHEAST. BUT AS THIS WHOLE THING WEAKENS AS WE HEAD THROUGH THE END OF THE WEEK AND INTO NEXT WEEKEND IN TENNESSEE IT GOES A LITTLE BIT FARTHER NORTH. WE HAVE NOW SOUTHERN STREAM ACTIVITY THAT WILL BRING A PRETTY BIG STORM BY NEXT WEEKEND INTO THE MIDDLE OF THE COUNTRY. SO KEEP THAT IN MIND THAT WILL MOVE ON THROUGH THE GREAT LAKES AND INTO THE NORTHEAST AS WE HEAD INTO THE FOLLOWING WEEK. BUT IT'S LITTLE MORE OF A ZONAL FLOW HERE WHICH WILL WARM THINGS UP A LITTLE BIT. STILL I'M GOING TO GO BELOW NORMAL FOR THIS WEEK FOR THE NORTHERN TIER OF STATES AS YOU CAN SEE THEY'RE ABOVE NORMAL SOUTHERN COLORADO ALL THE WAY DOWN INTO MEXICO OVER INTO LOUISIANA AS FAR AS PRECIPITATION FOR THIS COMING WEEK. YOU'LL NOTICE I'M NOT GOING ABOVE NORMAL IN THE NORTHERN PLAINS THIS IS THROUGH FRIDAY BUT NEXT WEEKEND I THINK IS GOING TO BE VERY WET INTO THIS AREA.  BUT IT'S NORMAL THROUGH FRIDAY ABOVE NORMAL THEN YOU CAN SEE FOR MUCH OF THE SOUTHERN TIER OF STATES ABOVE NORMAL PACIFIC NORTHWEST NORTHERN ROCKIES 30 TO OUTLOOK FOR TEMPERATURES GOING BELOW NORMAL BASICALLY FROM THE OHIO VALLEY NORTHWARD BACK TO MONTANA ALL THE WAY THROUGH CANADA ABOVE NORMAL FOR SOUTH FLORIDA. MUCH OF SOUTHERN WESTERN TEXAS THROUGH THE FOUR CORNERS REGION IN THE SOUTHWEST PRECIPITATION OVER THE NEXT 30 DAYS ABOVE NORMAL FOR NORTHERN GEORGIA ALABAMA ALL THE WAY THROUGH NEW ENGLAND BELOW NORMAL FOR FLORIDA. MOST OF THE SOUTHWEST AS WELL AND ABOVE NORMAL FOR THE NORTHERN ROCKIES AND MUCH OF THE WEST COAST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL FOR GREAT FALLS MONTANA PARTLY SUNNY RATHER MILD TODAY HIGH OF 53 DEGREES. MONROE LOUISIANA MOSTLY CLOUDY AND WARMER HIGH OF 72 AND FINALLY TRENTON NEW JERSEY CLOUDY AND REMAINING ON THE CHILLY SIDE. HIGH TEMPERATURE AROUND 46 DEGREES. 

TEASE
STILL TO COME, THE CONCERN OVER A POSSIBLE TARIFF ON SOYBEANS PUSHED DOWN PRICES LAST  WEEK. BUT HAS IT IMPACTED THE PRICE OF  MACHINERY? MACHNERY PETE WEIGHS IN.  

MACHINERY PETE
THE TARIFF TALK HAS CONSUMED AGRICULTUE AND MAINSTREAM MEDIA THE PAST MONTH, BUT IT SEEMS  LIKE NERVOUSNESS IS ESCALATING IN FARM COUNTRY.  SO ARE TRADE CONCERNS IMPACTING THE PRICE OF  FARM MACHINERY? HERE'S MACHINERY PETE.  <WE'LL TALK ABOUT IT WELL FOLKS. LAST WEDNESDAY WHEN THE PROPOSED CHINESE TARIFFS TO U.S. SOYBEANS. WHEN THAT NEWS  BROKE I REALLY WONDERED WHAT EFFECT THERE COULD BE USED  EQUIPMENT VALUES WHICH HAVE BEEN VERY STRONG SINCE  NOVEMBER. WELL AGAIN THAT WAS LAST WEDNESDAY AND THE ANSWER  CAME IMMEDIATELY ON A PAIR OF FARM AUCTIONS LAST WEDNESDAY IN  NORTH DAKOTA. HERE'S A PICTURE OF A 2008 CASE IH. 2588  COMBINE. SIXTEEN HUNDRED THIRTY FIVE ENGINE HOURS ON SOLD FOR  NINETY FIVE THOUSAND DOLLARS. AND FOLKS THAT IS THE HIGHEST AUCTION  PRICE I'VE SEEN ON A 2588 SOLD WITHOUT A HEAD IN THE LAST 27 MONTHS. AGAIN THAT WAS NORTHEAST NORTH DAKOTA LAST  WEDNESDAY. SAME AUCTION THIS 2008 NEW HOLLAND T9030 FOUR  WHEEL DRIVE 1541 HOURS ON SALE FOR ONE HUNDRED TWENTY FIVE THOUSAND DOLLARS. AND THAT IS A NEW RECORD HIGH AUCTION SALE  PRICE ON A T9030 IN THE U.S.. NOW SAME DAY LAST WEDNESDAY  DOWN IN SOUTH CENTRAL NORTH DAKOTA. THIS 2011 CHALLENGER MT 765C WITH ONLY FIVE HUNDRED NINETY FOUR HOURS ON A FOR 147  THOUSAND FIVE HUNDRED DOLLARS. THAT'S THE SECOND HIGHEST  AUCTION PRICE I'VE EVER SEEN ON AN MT 765C. AND AGAIN THAT  SAME AUCTION THIS 2008 BOBCAT S330 SKID STEER WITH 1953 HOURS ON IT SOLD FOR THIRTY TWO THOUSAND DOLLARS AND SAME DEAL HERE. SECOND HIGHEST AUCTION PRICE I'VE EVER SEEN ON THAT MODEL. SO  AT LEAST LAST WEDNESDAY THESE PAIR OF NORTH DAKOTA AUCTIONS  USED EQUIPMENT VALUES GOOD CONDITION HOLDING VERY STRONG? 

TEASE
THANKS PETE. NEXT DEVELOPING INTERNATIONAL RELATIONS IN A WISCONSIN DAIRY BARN! IN THE COUNTRY IS NEXT. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS,  UTILILTY VEHICLES, MOWERS AND MORE.  VISIT KUBOTA.COM TODAY. ) WHILE THE U-S IS EMBATTLED IN TRADE NEGOTIATIONS  WITH CHINA, A FOREIGN EXCHANGE PROGRAM GIVES COLLEGE STUDENTS FROM JAPAN A TASTE OF WISCONSIN'S SIGNATURE INDUSTRY! DETAILS IN THIS  VIDEO PROVIDED BY THE WISCONSIN MILK MARKETING  BOARD. (DAIRY FARMER LOUISA PETERSON RECENTLY SHOWED A GROUP OF FUTURE EDUCATORS FROM JAPAN HOW HER FAMILY'S DAIRY FARM  PRODUCES HIGH QUALITY MILK. "THE MILK GOES THROUGH HERE..." THE TOUR CAME ABOUT BECAUSE OF A RELATIONSHIP WITH UW-LA  CROSSE AND ITS SISTER SCHOOL, UNIVERSITY OF TEACHER EDUCATION  FUKUOKA, IN JAPAN. TODD JAY LEONARD, PROFESSOR UNIVERSITY OF TEACHER EDUCATION  FUKUOKA MUNAKATA, JAPAN "ALL OF OUR STUDENTS ARE EDUCATION  MAJORS, AND THEY STUDY ABOUT THE US EDUCATION SYSTEM; VISITING SCHOOLS, VISITING CLASSES," WHEN ONE OF THE HOST FAMILIES CONTACTED LOUISA ABOUT OPENING  UP HER FARM FOR A TOUR, SHE SAW IT AS A UNIQUE EDUCATIONAL OPPORTUNITY FOR THE VISITING STUDENTS. "THIS GROUP IN PARTICULAR, THEY HAVE A CHANCE TO TALK TO PEOPLE  ABOUT AGRICULTURE AND FOREIGN AGRICULTURE, AND KIND OF WHAT THEIR  EXPERIENCE WAS, THEIR FIRST-HAND EXPERIENCE WAS." "WE WERE JUST THRILLED TO DEATH TO BE INVITED HERE TODAY TO BE  ABLE TO EXPERIENCE TRUE BLUE AMERICAN FARMS. SEE THE COWS,  MEET A REAL FARMER, AND ACTUALLY INTERACT WITH THE ANIMALS." THE STUDENTS WERE IMPRESSED AND GRATEFUL FOR THE OPPORTUNITY TO  VISIT A WISCONSIN DAIRY FARM AND MEET A DAIRY FARMER. HIROMI MIYAMOTO UNIVERSITY OF TEACHER EDUCATION FUKUOKA  MUNAKATA, JAPAN "WE LEARNED HOW FARMERS WORK HARD AND LIKE  YOU MILK THREE TIMES A DAYS; I WAS REALLY SURPRISED AT THAT! SO I  CAN TELL THE STUDENTS HOW BIG IS THE U.S. A FARM IS!" STUDENTS WERE EQUALLY THRILLED TO HAVE THE CHANCE TO TASTE SOME  OF THE PRODUCTS THAT ARE MADE FROM COWS' MILK! "VERY NICE YEAH! WE LOVE CHEESE LIKE CHEESE AND MILK AND  BUTTER! SO HEALTHY" AND THAT'S WISCONSIN DAIRY NEWS. ) THE JAPANESE STUDENTS WERE HERE FOR THREE  WEEKS AND STUDIED AMERICAN EDUCATION METHODS  FROM KINDERGARTEN ALL THE WAY THROUGH  COLLEGE. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY I'M TYNE MORGAN. HAVE A  GREAT DAY. 

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