TAGS: Marketing, Overseas
December 18, 2014
TODAY ON AGDAY
AUGUST 30, 2018
HEADLINES
THE U.S. PUTS CANADA ON A DEADLINE - WILL A TRADE PACT GET DONE? < CLINTON TEASE "NAFTA DISCUSSING RESTART WITH CANADA AROUND DAIRY WE'LL HAVE THAT FROM THE FARM PROGRESS SHOW"> WHAT HAPPENS TO GRAIN MARKETS IF TRADE FIGHTS QUICKLY DISAPPEAR? < TYNE TEASE "COULD NET FARM INCOME HIT LEVELS THAT AGRICULTURE SAW INTHE 1980S WE'LL HAVE THAT STORY COMING UP TODAY ON AGDAY" > AND TARGETING TOURISTS WITH TOMATOES! < I DON´T KNOW HOW MANY KETCHUPS WE CAN MAKE OUT OF THIS BUT IT'S DELICIOUS....LAUGH"> AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD.
NAFTA CLOCK IS TICKING
GOOD MORNING I'M BETSY JIBBEN. CLINTON GRIFFITHS WILL CHECK IN WITH US FROM FARM PROGRESS SHOW LATER. THE CLOCK IS TICKING AS THE U.S. CONTINUES TO PRESSURE CANADA TO STRIKE A NAFTA DEAL WITH A STRICT DEADLINE OF FRIDAY. CANADIAN OFFICIALS IN WASHINGTON RESUMING TRADE TALKS ON A TIMELINE TO EITHER WORK OUT DIFFERENCES THE TWO COUNTRIES HAVE ON SEVERAL TOPICS, POTENTIALLY CAVE TO U.S. DEMANDS OR SEE IF THE ADMINISTRATION IS WILLING TO GIVE SOMETHING UP FOR A COMPLETED DEAL BY FRIDAY. U.S. OFFICIALS AND COUNTERPARTS FROM MEXICO COMPLETED AN UNDERSTANDING MONDAY WHICH EXCLUDES CANADA. AFTER TWO DAYS OF INTENSE TALKS, CANADIAN OFFICIALS SAYING IT'S GOING TO BE AN IMPORTANT AND CONSTRUCTIVE WEEK. <"MEXICO HAS MADE SIGNIFICANT CONCESSIONS, PARTICULARILY IN THE AREA OF LABOR AND RULES OF ORIGIN. FOR OUR GOVERNMENT, GOOD JOBS FOR WORKING PEOPLE IN CANADA HAS ALWAYS BEEN OUR PRIORITY. THESE CONCESSIONS REALLY ARE GOING TO BE VALUABLE FOR WORKERS IN CANADA AND THE UNITED STATES,"> DAIRY IS ONE OF THE STICKING POINTS BETWEEN THE U.S. AND CANADA IN A REVAMPED DEAL. PRESIDENT TRUMP CRITICIZING THE CANADIAN DAIRY QUOTA SYSTEM- ALSO KNOWN AS SUPPLY MANAGEMENT WHICH CONTROLS DAIRY EXPANSION TO DAIRY FARMERS. CANADA IS NOT EXPECTED TO BUDGE WHEN IT COMES TO RESTRUCTURING ITS SYSTEM AND WASHINGTON COORESPONDENT JIM WIESEMEYER SAYS IT WILL MORE THAN LIKELY STAY IN PLACE FOR DAIRY PRODUCERS IN CANADA. YET, U.S. OFFICIALS ARE INSISTING ON SOME MARKET ASSESS GAINS TO THE COUNTRY. ONTARIO AND QUEBEC ARE TWO HEAVILY PRODUCED DAIRY PROVIDENCES, REALLY WE NEED THOSE VOTES IN THE NEXT ELECTION. I THINK THEY'RE WILLING TO BE FLEXIBLE ON SUPPLY MANAGEMENT, THAT RULE WILL I THINK HAVE INCREASED MARKET ACCESS FOR THE UNITED STATES BUT AT THE SAME TIME, STILL HOLDING THE PILLARS OF SUPPLY MANAGEMENT IN PLACE. HANEY SAYS HE DOESN'T SEE CANADA OPENING UP ALL IMPORTS OF U.S. DAIRY BUT A DEAL MAY HAPPEN IF CANADA SWAYS WITH ITS IMPORT QUOTA, THE SIZE OF THE TARIFF ON U.S. DAIRY PRODUCTS AND IF THE COUNTRY MAKES ADJUSTMENT TO CLASS 7 REGUALTIONS.
PERDUE AT FPS
TRADE TALKS ARE TOP-OF-MIND FOR AGRICULTURE SECRETARY SONNY PERDUE WHO SPOKE WEDNESDAY AT FARM PROGRESS SHOW. CLINTON GRIFFITHS JOINS US FROM BOONE, IOWA. BETSY TRADE A BIG PART OF THE CONVERSATION HERE AT FARM PROGRESS SHOW THIS WEEK. AND BUILDING A FRAMEWORK WITH MEXICO IS ENCOURAGING FARMERS AND TRADE GROUPS THAT WE MAY SEE A RESOLUTION SOON. BUT DAIRY REMAINS A MAJOR STICKING POINT IN NEGOTIATIONS— TO HEAR THAT TALKS ARE RESTARTING AROUND DAIRY INDICATES TO MANY NAFTA WILL MOVE FORWARD I'VE HEARD THE PRESIDENT TALK ABOUT IT TOO MUCH. AND I THINK USING A TECHNIQUE LIKE THE CLASS 7 MILK TO GET AROUND THE RULES OF NAFTA AND BE ABLE TO MESS UP THE MARKET FOR THE REST OF THE WORLD NEEDS TO BE APPROACHED AND THEY NEED TO FIX THAT PROBLEM. I THINK THEY NEED TO COME TO THE TABLE AND HAVE A GOOD CONVERSATION ABOUT HOW WE DO THAT SO WE CAN BE FAIR TO OUR CANADIAN NEIGHBORS TOO. WE JUST WANT TO MAKE SURE IT'S FAIR GOING BACK AND FORTH. AG SECRETARY SONNY PERDUE ALSO ON HAND AT FARM PROGRESS SHOW TALKING TRADE PROGRESS AND NAFTA. WE'RE NOT ASKING YOU TO DO AWAY TOTALLY WITH OUR SUPPLY MANAGEMENT SYSTEM. BUT IF THEY'RE GOING TO CONTINUE WE WANT THEM TO MANAGE THE SUPPLY. AND THAT'S ESSENTIALLY WHAT HAPPENED WHEN THEY STARTED DUMPING THIS CLASS 7 MILL ON THE INTERNATIONAL MARKET. THE PRESS WERE PRICES INTERNATIONAL HELPS OUR FARMERS AND OUR DERRIMAN AND PUT PUT A LOT OF PRESSURE ON THEM AND A LOT OF STRESS. PRICE WISE ACROSS THE COUNTRY OVERALL. SO I'M HOPEFUL FROM THE NEWS EARLIER THIS MORNING FROM TALKING WITH AMBASSADOR LEITHAUSER YESTERDAY THAT WE'RE GOING TO GET A GOOD AGREEMENT FOR AGRICULTURE WITH CANADA. 0 BETSY IT SOUNDS LIKE PRESSURE IS NOW BUILDING FOR CANADA TO COME TO THE TABLE ON NAFTA AS THE TRUMP ADMINISTRATION HOLDS ITS AGREEMENT WITH MEXICO AS LEVERAGE TO FINISH THE AGREEMENT IN A HURRY. MAYBE AS SOON AS THIS WEEK. STAY TUNED. )
FARM ECONOMY STRUGGLES
WHILE THERE ARE STRUGGLES ON THE FARM, THE U-S ECONOMY - AS A WHOLE - IS GROWING. THE COMMERCE DEPARTMENT SAYS THE ECONOMY HAD A STRONG FOUR-POINT-TWO PERCENT GROWTH RATE DURING THE LAST FISCAL QUARTER. THE GOVERNMENT SAYS THAT'S THE BEST SHOWING IN NEARLY FOUR YEARS. STRENGTH IN BUSINESS INVESTMENT OFFSET SLIGHTLY SLOWER CONSUMER SPENDING. ECONOMISTS EXPECT GROWTH TO SLOW TO A STILL- SOLID 3 PERCENT ANNUAL RATE THE REST OF THE YEAR, LATER TODAY USDA WILL RELEASE ITS LATEST FORECAST ON FARM INCOME. THE DEPARTMENT UPDATES THESE NUMBERS THREE TIMES A YEAR. WITH STAGNANT GRAIN PRICES, PRODUCT-TARIFFS, AND UNCERTAIN TRADE DEALS, THE OUTLOOK ISN'T LIKELY TO BE FAVORABLE FOR FARMERS. TYNE MORGAN TAKES A LOOK. AS FINANCIAL PAIN RIPPLES ACROSS AGRIULTURE TODAY, IT'S A GRIM REALITY FOR SOME FARMERS HERE AT THE FARM PROGRESS SHOW. THAT'S AS THE RECENTLY ANNOUNCED TARIFF RELIEF AID FROM USDA COULD PROVIDE SOME SHORTTERM RELIEF. "IT WILL HELP BUT WHE YOU LOOK AT THE NUBER,S IT LOOKS LIKE IT'S ABIGBUBER, BUT IT'S JUST A BANDAID. IT WILL HELP A LOT OF OUR FAMERS GET THROUGHT HIS CROP AND GET PREPARED FOR THE CROP NET YEAR UT A LOT OF THEM ARE ORE UNSTABLE, IT'S NOT GOING TO BE A OT FOR THEM.>USDA'S MOST RECENT NET FARM INCOME PROJECTION FROM FEBRUARY PEGS INCOME TO FALL OT A 12 YEAR LOW TO 59 POINT 5 ILLION DOLLARS. THAT'S AFTER A SLIGHT REBOUND IN 2017. TRADE ISSUES ARE PRESSURING COMMODITY PRICES ADDING TO THE BLEAK OUTLOOK. IT STARTS TO ADD UNCERTAINTY AND UNCERTAINTY IN THE COMMODITY MARKETS IS TRANSLATING INTO LOWER GRAIN PRICES WHICH IS LOWER NET FARM INCOME LOWER CASH RECEIPTS ARE STARTING TO SORT OF SEE THE WEIGHT OF THIS SHOW UP. 38 USDA IS SCHEDULED TO GIVE AN UPDATED LOOK AT NET FARM INCOME PROJECTIONS ON FRIDAY. THAT'S JUST FIVE DAYS AFTER THE AGENCY REVEALED HOW MUCH THE TARIFF AID PACKAGE WIL PAY OUT TO FARMERS. THE TRADE AID WILL HELP OFFSET SOME OF THIS. BUT THE USDA ALREADY SAID IT'S 11 BILLION DOLLAR HIT TO THE FARM ECONOMY. WE'RE ALREADY IN A DIFFICULT SITUATION. SO 11 BILLION DOLLARS OFF THE TOP COULD PUT US CLOSER TO CRISIS LEVELS THAT WE LAST SAW IN THE 1980S. :56 WIDMAR SAYS THE QUESTION BECOMES WHETHER USDA WILL INCLUDE THE TRADE AID IN ITS UPDATED OUTLOOK. WE'RE AT A LOW SPOT - HISTORICALLY SPEAKING, WE'RE AT A LOW SPOT. AND SO IF WE JUST TOOK 11 BILLION DOLLARS RIGHT OFF THE TOP WE'D BE BACK AT THOSE 1980 LEVELS. WE HAD THAT TRADE AID TO OFFSET IT. BUT AGAIN THE AG ECONOMY HAD A LOT OF DEVELOPMENT SO WE'LL SEE WHAT THE USDA SAYS HERE AT THE END OF THE MONTH. 1:20 WEST VIRGINIA'S DR DAVID KOHL SAYS TODAY'S SITUATION IS ALREADY REVEALING SIMILARITIES TO THE 1980S, HOWEVER, ECOOMIC HARDSHIPS ARE HAPPENING MORE SLOWLY THAN 30 YEARS AGO. THIS ONE I CALL THE GRINDER. AND IT'S HAVING A REAL IMPACT NOT ONLY ON THE FINANCIAL BUT ALSO THE EMOTIONS OF AGRICULTURE PRODUCERS OUT THERE. AND AGAIN THERE SEEMS TO BE A SURPRISE AROUND EVERY CORNER. KOHL SAYS THE NET FARM INCOME PIE IS CHANGING. BUT THE KEY IS IT'S SMALLER INCOMES, BUT WHAT WE'RE FINDING IS A CERTAIN GROUP OF PRODUCERS ARE GETTING A HIGHER PERCENTAGE OF THE SMALLER INCOME. AND THOSE PEOPLE GENERALLY HAVE A HIGHER BUSINESS IQ. THAT UPDATED LOOK AT NET FARM INCOME WILL HIT FRIDAY, BUT TALKING TO FARMERS AT THE FARM PROGRESS SHOW THIS YEAR, THEY SAY LOWER PRICES ARE PUSHING PROFITS LOWER ON THE FARM TODAY. FROM AMES, IOWA, I'M TYNE MORGAN. )
CROP COMMENTS
MIKE HOFFMAN IS JOINING US NOW FOR A LOOK AT CROP COMMENTS. MIKE. GOOD MORNING, BETSY. IT'S BEEN A WET COUPLE OF DAYS IN POCKETS OF WISCONSIN. NAOMI BLOHM IN WEST BEND, WISCONSIN SENDING US A PICTURE OF HER TWO BOYS MAKING THE MOST OUT OF RECEIVING 5 INCHES OF RAIN IN 48 HOURS! AND DAVID WOMACK FROM SHELBYVILLE, TENNESSEE SENDING US A PICTURE OF HIS CORN CROP. USDA SAYS 73 PERCENT OF THE STATE'S CORN CROP IS RATED GOOD TO EXCELLENT. DAVID EXPECTS HIS YIELD TO BE WELL BELOW LAST YEAR. AND TAKING A LOOK AT THE WINDSPEED FORECAST. NORTHERN AND CENTRAL PLAINS WILL START OFF ON THE WINDY SIDE AS THE SYSTEM STARTS TO COME TOGETHER OVER THAT OR IT ONLY PICKS UP DURING THE DAY BACK INTO THE WEST AS WELL HEADING INTO THE DAY. TOMORROW WILL BE A LITTLE BREEZY FROM WESTERN WISCONSIN DOWN INTO OKLAHOMA TO START TODAY AND OF COURSE THOSE WINDS PICK UP ACROSS MANY PARTS OF THE PLAINS IN THE WEST AS WE HEAD THROUGH THE AFTERNOON HOURS. WE'LL HAVE YOUR FORECAST COMING UP. FIRST HERE ARE SOME HOMETOWN TEMPS. 0
TEASE
WHAT HAPPENS TO GRAIN MARKETS IF TRADE SQUABBLES BETWEEN CHINA, MEXICO, CANADA, AND OTHER PARTNERS GO AWAY? WE'LL LOOK AT THAT SCENARIO NEXT, IN AGRIBUSINESS. PLUS, YOU'RE GOING TO NEED SOME HEAVY-DUTY DETERGENT TO GET STAINS OUT OF THESE CLOTHES
RUSSIAN WHEAT EXPORTS
FOLLOWING THIS ANNUAL FOOD FIGHT IN EUROPE. WHEAT FUTURES HAD A STRONG SHOWING WEDNESDAY, CLOSING UP 18-CENTS. SOME ANALYSTS BELIEVE IT WAS IN RESPONSE TO POSSIBLE WHEAT EXPORT LIMITS BY RUSSIA. THE COUNTRY HAS STRUGGLED WITH DROUGHT AND EXPECTED WHEAT PRODUCTION IS DOWN 20-PERCENT. <WE'RE NOT ASKING YOU TO DO AWAY TOTALLY WITH OUR SUPPLY MANAGEMENT SYSTEM. BUT IF THEY'RE GOING TO CONTINUE WE WANT THEM TO MANAGE THE SUPPLY. AND THAT'S ESSENTIALLY WHAT HAPPENED WHEN THEY STARTED DUMPING THIS CLASS 7 MILL ON THE INTERNATIONAL MARKET. THE PRESS WERE PRICES INTERNATIONAL HELPS OUR FARMERS AND OUR DERRIMAN AND PUT PUT A LOT OF PRESSURE ON THEM AND A LOT OF STRESS. PRICE WISE ACROSS THE COUNTRY OVERALL. SO I'M HOPEFUL FROM THE NEWS EARLIER THIS MORNING FROM TALKING WITH AMBASSADOR LEITHAUSER YESTERDAY THAT WE'RE GOING TO GET A GOOD AGREEMENT FOR AGRICULTURE WITH CANADA. 0> AND UKRAINE ANNOUNCED WHEAT EXPORT LIMITS EARLIER THIS MONTH. OTHER GRAINS IN THE GREEN TOO WEDNESDAY. WE'LL FIND OUT WHY ON THE FLOOR OF THE CME IN CHICAGO.
AGRIBUSINESS
WITH TRADE TALK TAKING CENTER STAGE, WHAT IF TRADE DISPUTES ARE RESOLVED SOON? WE RE-JOIN CLINTON FROM FARM PROGRESS SHOW. <ELAINE KUB AUTHOR OF MASTERING THE GRAIN MARKET IS OUR GUEST FOR ANALYSIS TODAY. ELAINE AS WE LOOK AT THE OVERALL GRAIN MARKETS THERE'S SO MUCH TALK ABOUT THIS TRADE ISSUES AND THE WEIGHT THAT IT'S PUTTING ON OUR MARKETS. WHAT'S YOUR TAKE ON ANY POTENTIAL MOVEMENT HERE FOR GRAIN. WELL SOYBEANS ARE THE ONES THAT ARE MOST AFFECTED BY IT. WE'VE NOTICED EVEN WITH THE NEGOTIATIONS WITH MEXICO. THAT'S GOOD NEWS FOR CORN BUT CORN DOESN'T REALLY RESPOND BECAUSE THAT WAS NEVER REALLY THE BIG PROBLEM WITH DOMESTIC CORN DEMAND. IT'S THAT EXPORT DEMAND FOR SOYBEANS THAT HAVE REALLY BROUGHT THE ALL OF THESE MARKETS LOWER SO THERE IS A LOT OF POTENTIAL I THINK IF ANYTHING EVER GETS NORMALIZED THAT THAT SOYBEAN MARKET COULD NORMALIZE VERY QUICKLY. YEAH YOU KNOW AND WE TALK A LITTLE BIT ABOUT YOU KNOW THE WEIGHTS IN THE USDA IS LOOKED AT IT AND THEY SAID OK WELL YOU KNOW IT'S A DOLLAR SIXTY FIVE IS WHAT WE'RE GOING TO PUT IN FOR TRADE SUPPORT. IS THAT THE NUMBER THAT WE'RE SEEING AS FAR AS WEIGHT ON THESE MARKETS. NO I THINK THE TOTAL DRAWDOWN ON THE FUTURES PRICES WAS A DOLLAR 90 AND THAT 165 ONLY GOES TOWARDS 50 PERCENT BUSHELS RIGHT. SO IT IS WHAT IT IS. AND THAT DOLLAR 90 I THINK WE COULD JUSTIFY EVEN BRINGING IT LOWER AS THE BRAZILIAN CURRENCY CONTINUES TO WEAKEN. SO THERE'S ADDITIONAL BEARISHNESS STILL COMING INTO THE SOYBEAN MARKET AT THIS POINT IN TIME. AND THAT YET TARIFF AID WOULDN'T BE ENOUGH TO MAKE ANYBODY WHOLE. I GUESS THE OTHER SIDE OF THIS COIN IS THE PRODUCTION THAT WE'RE HAVING HERE AT HOME. IT IS A BIG CROP. WE'VE PLANTED A LOT OF ACRES. YIELDS LOOKED GOOD SO FAR. WHERE DOES THIS TAKE US AS WE GET THROUGH 2018 AND PRICES. WELL I THINK WE HAVE A LOT OF DANGER RIGHT NOW IN THE CHART. THE LAST TIME I LOOKED AT THE CHART THE STORY THE NEW CROP NOVEMBER SOYBEAN CONTRACT WAS WITHIN TEN CENTS OF ITS JULY LOW. AND I THINK IF WE TOOK THAT OUT BECAUSE OF ANY MORE BEARISHNESS FROM PRODUCTION PROSPECTS PERHAPS A BUSHEL PER ACRE BUMP IN THE YIELD EVEN IF ANYTHING LIKE THAT DID TAKE OUT THAT JULY LOW. I THINK THERE'S POTENTIAL FOR IT TO CONTINUE LOWER IN A DRAMATIC FASHION OR LIKE I MENTIONED TO CONTINUE HIGHER IN A DRAMATIC FASHION IF THE TRADE GETS NORMALIZED. I THINK THERE'S POTENTIAL FOR VOLATILITY IN SAVINGS FOR SURE BUT IF TRADE GETS NORMALIZED WE COULD SEE THIS BACK UP. YEAH AND I THINK YOU CAN SEE SOME HINTS OF THAT IN THE SOYBEAN FUTURES SPREAD IN THE LAST HALF OF 2019. THOSE ARE REALLY QUITE TIGHT AND SUGGEST THAT THE COMMERCIAL MARKET IS EXPECTING THE SAVINGS TO MOVE. ALL RIGHT. APPRECIATE IT. THANKS SO MUCH. WE'LL BE BACK WITH MORE IN JUST A MINUTE. 0>
WEATHER
<WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE WE'VE RECEIVED SOME RAIN OVER IN POCKETS OF THE CORN BELT. WILL THAT RAIN CONTINUE. WELL IT LOOKS LIKE THE WESTERN CORN BELT IS GOING TO SEE THIS NEXT SYSTEM START TO MOVE EASTWARD. THE EASTERN SYSTEM KIND OF MOVING AWAY THOUGH. AND WE ALSO HAVE AN AREA OF LOW PRESSURE SYSTEM SITTING IN THE GULF OF MEXICO. CAN WE GET TO MEANDER THERE FOR A WHILE OVER THE NEXT COUPLE OF WEEKS WE GET IN THE HEART OF HURRICANE SEASON. SO WE'LL HAVE TO WATCH EVERYTHING ALONG THE EAST COAST AND ALSO THE GULF COAST. BUT IN THE MEANTIME WE'LL BE WATCHING THIS SYSTEM COMING EASTWARD. YOU CAN SEE OUT AHEAD OF THAT WARM FRONT OR NEAR THE WARM FRONT THERE WILL BE A FEW SHOWERS AND THUNDERSTORMS. OKLAHOMA SOUTHERN MISSOURI AND THEN ALONG THE COLD FRONT FARTHER EAST TOWARD THE MID-ATLANTIC. BUT THIS IS THE BIG DOME OF COMFORTABLE AIR OVER THE GREAT LAKES AND THE NORTHEAST AS WE HEAD THROUGH THIS AFTERNOON HEADING INTO THE NIGHTTIME HOURS TONIGHT THEN WE'LL BEGIN TO MOISTEN UP THE NORTHERN PLAINS SHOWERS AND THUNDERSTORMS DEVELOPING IN PLACES ACROSS THOSE AREAS HEADING THROUGH THE DAY TOMORROW THEN WE WILL SEE EVEN A LITTLE BIT MORE STARTING TO DEVELOP ACROSS THE NORTHEASTERN PLAINS ESPECIALLY MINNESOTA DOWN INTO PARTS OF IOWA AS WE HEAD INTO THE AFTERNOON AND EVENING HOURS TOMORROW JUST HIT AND MISS STUFF IN THE SOUTHWEST A LITTLE BIT LESS THAN YOU TYPICALLY SEE THIS TIME OF THE YEAR. BUT YOU CAN SEE THIS SYSTEM OUR MODEL MODELS TRYING TO SHOW IT GETTING A LITTLE BIT ORGANIZED. SO JUST SOMETHING WE HAVE TO WATCH. NOTHING IMMEDIATE NOTHING THAT WE'RE TOO CONCERNED ABOUT QUITE YET PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS YOU CAN SEE SOME AMOUNTS IN FLORIDA OVER TOWARD SOUTHEAST TEXAS ALSO ALONG THAT COOL FRONT FROM THE CENTRAL MISSISSIPPI VALLEY INTO THE NORTHEAST ADDING IN THE NEXT 36 HOURS. WE'RE GOING TO ADD A LITTLE BIT MORE IN SOME OF THOSE SAME AREAS PLUS THE MID-ATLANTIC AREA DOWN INTO PARTS OF THE EASTERN TENNESSEE VALLEY AND THE NORTHERN MISSISSIPPI VALLEY. YOU CAN SEE EVERYTHING WEST OF THERE MAINLY STAYING DRY. JUST A FEW SHOWERS IN THE PACIFIC NORTHWEST TEMPERATURES THIS AFTERNOON STILL HOT FROM OKLAHOMA AND TEXAS SOUTHWARD. BUT LOOK AT THESE COMFORTABLE 70S MOST OF THE CORN BELT EVEN SOME 60S FOR HIGH TEMPERATURES IN THE CENTRAL AND NORTHERN GREAT LAKES. LOW TEMPERATURES TONIGHT GOING TO DROP INTO THE 50S AND 60S IN MOST OF THE CORN BELT. YOU CAN SEE THAT STILL MUGGY THOUGH FROM SOUTHERN KANSAS SOUTHWARD AND THE WARMTH TRIES TO COME BACK NORTHWARD A LITTLE BIT BACK INTO THE. MUCH OF KANSAS SOUTHEASTERN NEBRASKA AS WE HEAD THROUGH TOMORROW AFTERNOON STILL VERY COMFORTABLE THOUGH THE GREAT LAKES INTO THE NORTHEAST AND HERE'S THE JET STREAM YOU CAN SEE AS WE HEAD THROUGH TIME ANOTHER LITTLE TROUGH TRIES TO COME INTO THE GREAT LAKES AGAIN AND GETS BEATEN BACK THOUGH SO THE RIDGE BUILDS BACK IN NEXT WEEK THAT'LL BRING THE HEAT BACK TO THOSE AREAS THAT HAVE COOLED DOWN. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HAD TO DENVER COLORADO. FIRST OF ALL PARTLY SUNNY AND RATHER HOT HIGH OF 91 DEGREES. LAFAYETTE INDIANA PLEASANT WITH LOTS OF SUNSHINE HIGH 77 AND PROVIDENCE RHODE ISLAND PARTLY SUNNY AND AFTERNOON SHOWER THUNDERSTORM HIGH OF 89. 0>
TEASE
AHEAD IN DROVERS T-V - A NOTORIOUS DISEASE APPEARS IN A FLORIDA BEEF HERD. PLUS, THE GROWING FINANCIAL-FRUSTRATION IN FINDING ENOUGH WORKERS ON THE FARM. AND IN SPAIN - THEY HAVE THEIR RUNNING OF THE BULLS, AS WELL AS THEIR TOSSING OF THE TOMATOES.DETAILS AS WE HEAD IN THE COUNTRY.
DROVERS TV
IN NEWS FROM OUR PARTNERS AT DROVERS - USDA IS INVESTIGATING A SINGLE CASE OF A-TYPICAL B-S-E. THE DISEASE WAS DISCOVERED IN A SIX YEAR OLD BEEF COW IN FLORIDA. USDA SAYS THE ANIMAL NEVER ENTERED SLAUGHTER CHANNELS AND IS NO THREAT TO THE FOOD SUPPLY.THERE ARE TWO KINDS OF B-S-E - CLASSICAL AND A- TYPICAL. SINCE USDA SAYS THIS CASE IS THE A-TYPICAL VARIETY, IT SHOULD NOT CAUSE ANY TRADE ISSUES. CLASSICAL BSE IS LINKED TO CREWTZ-FELD-JACOB DISEASE IN PEOPLE. IT'S USUALLY CAUSED BY CONTAMIINATED FEED. OTHER NEWS FROM DROVERS - A NEW STUDY CONDUCTED BY CO-BANK SHOWS LABOR SCARCITY AND WAGE INFLATION THREATEN THE RURAL ECONOMY. THOSE ISSUES ALSO PUT ADDITIONAL STRESS ON THE PROFITABILITY OF THE AGRICULTURE INDUSTRY. CO-BANK SAYS MANUAL LABORERS ARE GOING AFTER HIGHER WAGES IN OTHER INDUSTRIES LIKE CONSTRUCTION AND MINING. AS A RESULT, FARM EMPLOYERS ARE FORCED TO INCREASE WAGES AT A HIGHER RATE TO COMPETE. < " THE SCARCITY OF FARM LABOR IS ALSO AGGRAVATED BY THE SHRINKING NUMBER OF MIGRANT WORKERS. IN ADDITION TO IMMIGRATION CONTROLS LIKE TIGHTENING BORDERS AND INCREASED IMMIGRATION ENFORCEMENT, BIRTHRATES IN MEXICO ARE FALLING AND POPULATIONS ARE MOVING TOWARD URBAN AREAS, LEAVING FEWER PEOPLE WITH AGRICULTURAL BACKGROUNDS WHO WOULD BE INTERESTED IN U.S. FARM WORK."> CO-BANK SAYS LABOR COSTS ON ALL FARMS MADE UP ABOUT 10 PERCENT OF GROSS INCOME. WHILE IN THE SPECIALTY CROP SECTOR, THAT SHARE WAS CLOSER TO 27 PERCENT.
TEASE
STILL AHEAD - CELEBRATING THE SUCCESS OF ANOTHER BOUNTFUL HARVEST OF TOMATOES! IN THE COUNTRY IS NEXT.
IN THE COUNTRY
IN THE COUNTRY - SPONSORED BE THE ALL-NEW KUBOTA SIDEKICK. A UTILITY VEHICLE THAT LETS YOU CLIMB MORE, COVER MORE, TOW MORE AND ENJOY MORE. VISIT KUBOTAUSA.COM. YOU WORK HARD ON YOUR CROP EACH SEASON AND CELEBRATE THE BOUNTY AT THANKSGIVING. BUT IN SPAIN - THEY CELEBRATE IN A DIFFERENT WAY - THEY PELT EACH OTHER WITH TOMATOES! ONCE AGAIN, IT'S TOMATO TOSSIN' TIME IN SPAIN. EACH YEAR THOUSANDS OF PEOPLE GATHER FOR ONE OF EUROPE'S MOST EXHUBERANT FOOD FIGHTS. MORE THAN 20-THOUSAND PEOPLE TOOK PART IN THE ANNUAL "TOE-MA-TINA" FESTIVAL IN EASTERN SPAIN. THE TOWN WAS TURNED INTO A RED ZONE FOR AN HOUR AS PEOPLE FROM SPAIN AND AROUND THE WORLD PELTED EACH OTHER WITH RIPE TOMATOES, LEAVING THE STREETS FLOWING WITH PULP. <TONY (NO SURNAME GIVEN), AMERICAN TOURIST FROM TEXAS: "I DEFINITELY RECOMMEND THIS. IT'S AN AWESOME EXPERIENCE. I WANT TO DEFINITELY DO IT AGAIN. THE PEOPLE ARE GREAT, EVERYTHING IS GREAT, SO MANY TOMATOES. I DON´T KNOW HOW MANY KETCHUPS WE CAN MAKE OUT OF THIS BUT IT'S DELICIOUS." JACKELIN MALAYSIAN TOURIST: "IT'S AMAZING, AMAZING, CRAZY. WE DIDN´T EXPECT THIS MUCH OF TOMATOES. IT´S REALLY CRAZY. IT´S OUR FIRST TIME HERE. WE DIDN´T EXPECT THIS KIND OF FUN BUT IT'S GOOD FUN, SAFE AND GOOD FUN."> 160 TONS OF TOMATOES WERE USED IN THE EVENT, DISTRIBUTED TO CROWD BY A FLEET OF EIGHT TRUCKS. THE FESITVAL WAS INSPIRED BY A FOOD FIGHT BETWEEN LOCAL CHILDREN IN 1945. THIS AREA IS SPAIN'S PRIME TOMATO-PRODUCING AREA.
CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR ALL OF US AT AGDAY I'M BETSY JIBBEN. HAVE A GREAT DAY.