AgDay Daily Recap - August 30, 2018

August 30, 2018 02:57 AM
 
AgDay

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. 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close