AgDay Daily Recap - December 28, 2017

December 28, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
DECEMBER 28, 2017

HEADLINES

COLD WEATHER PRESSES SOUTH AS 2018 NEARS. PLUS, COULD CHANGES TO COTTON'S SAFETY NET MAKE IT MORE COMPETITIVE  WITH PEANUTS? IN AGRIBUSINESS...THE MACRO-ECONOMY ROLLS. A LOOK AT CATTLE MARKETS FOR 2018  AND O-CHRISTMAS TREE-- THIS DAKOTA COUPLE HAS A COLLECTION  THAT TAKES  6 WEEKS TO DISPLAY. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

COLD WEATHER
GOOD MORNING I'M CLINTON GRIFFITHS. DANGEROUS COLD AND PILES OF SNOW ARE MAKING FOR A FRIGID FINISH TO  2017. A DIP IN THE JET STREAM PULLING ARCTIC AIR INTO THE MIDWEST. INTERNATIONAL FALLS MINNESOTA, STARTING WEDNESDAY AT NEGATIVE 36   DEGREES--AND THAT DOES NOT INCLUDE THAT WIND CHILL.  THAT BEATS A PREVIOUS LOW SET BACK IN 1924. THE OUTBREAK SETTING RECORDS ACROSS THE MIDWEST. IN MISSOURI IT'S ONE OF THE COLDEST TWO TO THREE DAYS PERIODS EVER. MEANWHILE IN ERIE PENNSYLVANIA, SNOWFALL TOTALS ARE BREAKING RECORDS  RECEIVING MORE THAN 60 INCHES OF SNOW OVER THE LAST THREE DAYS. WIND CHILL ADVISORIES AND WARNINGS STRETCH FROM MAINE TO NORTH  DAKOTA. "ALL I COULD DO WAS LAUGH, IT'S A LITTLE RIDICULOUS BUT WE'LL GET IT CLEARED." "BETWEEN MINUS TEN AND MINUS 20 ALREADY IN PARTS OF THE DAKOTAS AND MINNESOTA AND  CERTAINLY WITH ANY BIT OF WIND, GIVING US SOME DANGEROUS WIND CHILLS. ONCE WE GET INTO LATER  IN THE WEEKEND, GUESS WHAT? WE'VE GOT ANOTHER ROUND OF MUCH COLDER AIR MOVING IN. AGAIN,  EQUALLY AS COLD AS THIS ONE."> FORECASTERS SAY THESE BELOW-NORMAL TEMPERATURES COULD REACH  SOUTH TO THE GULF COAST STATES.

PEANUTS, COTTON AND FARM BILL
IN THOSE SOUTHERN STATES, THE USDA, SAYS BOTH PEANUT AND COTTON  PRODUCERS MAY HAVE A RECORD CROP ON THEIR HANDS. THIS AS WASHINGTON LEADERS CONTINUE PROPOSE CHANGES OR FIXES TO THE  SAFETY NET FOR COTTON GROWERS.  BETSY JIBBEN REPORTS ON HOW THE CURRENT PROGRAM IS ENTICING MORE  ACRES TO PEANUTS. THERE'S A LOT OF COTTON TO GO AROUND AT THE HOKE ROBESON GIIN RED  SPRINGS, NORTH CAROLINA.  U.S. COTTON GROWERS MAY BE PRODUCING THE LARGEST YIELD ON RECORD IN  2017. NOT ONLY A SIGNIFICANT YIELD INCREASE BUT EXPECTED ACREAGE INCREASE  OF 21.4 MILLION ACRES THIS YEAR, UP 25 PERCENT FROM 2016. "EVERYBODY'S YIELDS HAVE BEEN SPECTACULAR. THE QUALITY OF THE COTTON IS SPECTACULAR." HOWEVER, EVEN THOUGH COTTON PRICES CLOSED HIGHER TOWARDS THE END  OF DECEMBER, GROWERS LIKE EDENS SAY IT'S HARD FOR COTTON TO STAY  COMPETITIVE WITH THE PRICE OF PEANUTS. PART OF THE REASON MAY LIE WITH  THE FARM BILL. "PEANUTS ARE MORE FAVORABLE IN THE FARM BILL. THERE WERE NO PEANUTS GROWN IN THIS COUNTY  UNTIL THE FARM BILL."THE PEANUT REFERENCE PRICE IS SET AT 535 DOLLARS PER TON UNDER THE  PLC SAFETYNET IN THE CURRENT FARM BILL. "PEANUTS DEFINATELY GOT THE GOOD DEAL IN THE FARM BILL. AS I'VE SAID IN THE PAST, SOMETIMES,  PEOPLE THINK IT WAS A TYPO- THE PRICE THAT WAS IN THERE."IF A GROWER NEEDS TO COLLECT A PLC PAYMENT - THE PRICE IS BASED ON A  FORMULA WHICH IS THE DIFFERENCE BETWEEN THE REFERENCE PRICE IN THE  FARM BILL AND A NATIONAL AVERAGE MARKETING PRICE THROUGH THE  MARKETING YEAR - WHICH HAS BEEN FLOATING AROUND 400 DOLLARS PER TON. PEANUT GROWERS HAVE BEEN SEEING PAYMENTS OF AROUND $100 DOLLARS  PER TON IN PAYMENTS THE PAST 2 YEARS. "RIGHT NOW, FARMERS ARE FAIRLY COMFORTABLE WITH WHAT WE GOT. IT'S PROVIDING A  SAFETYNET THAT THEY CAN DEPEND ON WHEN THEY GO TO THE BANK AND THAT'S THE BIGGEST THING.""IN 2016, A LOT OF GROWERS PLANTED POSSIBLY JUST FOR THE PAYMENTS BECAUSE THEY WERE GOING  TO BE SO GOOD BECAUSE CONTRACTS WERE LOW. IN 2017, DUE TO INCREASED DEMAND BY CHINA, WE  SAW CONTRACT PRICES GO UP A GREAT DEAL. SO 2017, PEOPLE WERE PLANTING FOR PRICES. 2016 MAY  BE MORE FOR PAYMENTS. WE HAD TWO BACK TO BACK YEARS OF SUPPORTIVE PRICES FOR PEANUTS  VERSUS COTTON,"KOEHLER EXPECTS A LOWER PAYMENT FOR THE NEXT PEANUT CROP. "CONTRACT PRICES FOR 2018 CROP WILL CERTAINLY LESS THAN THEY WILL  BE PREPLANT FOR 2017 CROP."THIS COMES AT A TIME WHEN THE THE U.S. IS ON TRACK TO PRODUCE THE  LARGEST PEANUT HARVEST ON RECORD "WE ARE EXCITED ABOUT THE BIG PRODUCTION YEAR BECAUSE THAT  MEANS FARMERS MADE BIG YIELDS AND WHEN WE HAVE LOW PRICES FOR  ALTERNATIVE CROPS, THEY NEED ALL THE INCOME THEY CAN GET.""OUR FARMERS CAN PRODUCE PEANUTS AT PRICES THAT THEY COULDN'T  PRODUCE WITH AT ONE TIME EVEN FIFTEENYEARS AGO>" AND IN ITS LAST CROP PRODUCTION REPORT, USDA SAYS THE U.S. PEANUT CROP  SAW CLIMBING PLANTED ACRES, HARVESTED ACRES AND YIELD. WHICH MAY CREATE MORE OF A GLUT. "WE WERE WORRIED THAT WAREHOUSES WOULDN'T EVEN BE ABLE TO HOLD THEM. WE DIDN'T THINK  WE'D HAVE ANYWHERE TO PUT THE EXCESS PEANUTS BECAUSE NO BODY HAD CONTRACTED ENOUGH," "CHINA SAVED US LAST YEAR. WE HAD A BIG CROP LAST YEAR BUT CHINA IMPORTED A LOT FROM US AND  IF THEY DON'T DO THE SAME THIS YEAR, I'M AFRAID CONTRACT PRICES MAY SLIP HEAVILY,"BUT SOME PEANUT PRODUCERS SEE IT AS AN OPPORTUNITY. "AT THE END OF THE DAY, WE'RE STILL EXPORTING ALL OVER THE WORLD. EXPORT DEMAND IS STRONG.  CONSUMER DEMAND IN THE U.S. IS CONTINUING TO GROW." "WE'VE SEEN A REAL REAL TRANSFORMATION WHERE PEANUTS ARE  PRODUCED IN THE U.S. WE'VE ALSO HAD TECHNOLOGY TO MAKE SURE WE  BECOME MORE EFFICIENT PRODUCERS AND SEED VARIETIES." AS THE BATTLE BETWEEN COTTON AND PEANUTS CONTINUES . THE NEXT FARM BILL MAY CONTINUE TO PLAY A BIGGER ROLE IN WHAT'S GROWN  HERE. REPORTING IN RED SPRINGS, NORTH CAROLINA, I'M BETSY JIBBEN. THANKS BETSY.

COTTON, ORANGE JUICE FUTURES
ON WEDNESDAY MARCH COTTON FUTURES WERE ON THE RISE. THE CONTRACT GAINING MORE THAN A DOLLAR AT ONE POINT CLOSING IN ON  THE 80 CENTS PER HUNDRED MARK. ALSO ON THE BOARD, ORANGE JUICE FUTURES TRADING LOWER FOR A  15TH STRAIGHT DAY. IT'S THE WORST ROUT IN RECORDS DATING BACK TO 1967. WEAK DEMAND, A DECLINING CITRUS CROP IN FLORIDA AND OUTSIDE IMPORTS  ARE TEMPERING INVESTOR INTEREST. PRICES HAVE SLUMPED ABOUT 17 PERCENT THIS MONTH.

CROP COMMENTS
EVEN THOUGH I GREW UP IN NEW MEXICO, I STILL HAD TO DEAL WITH SOME COLD  MORNINGS WHEN DOING CHORES. CINDI CLAWSON SHARES SOME OF THAT COLD WEATHER MISERY IN CROP  COMMENTS. GOOD MORNING CINDI. THANKS CLINTON. THE ARCTIC BLAST ACROSS THE NORTHERN UNITED STATES MAKES FARM  CHORES MISERABLE. WE RECEIVED THIS PHOTO FROM WYATT BECHTEL (BECK'-TILL) WHO IS WITH OUR  REPORTING PARTNERS AT DROVERS. HIS BROTHER WAS CHOPPING ICE ON A STOCK POND AT THEIR RANCH IN KANSAS.  THEY'VE HAD BELOW-FREEZING TEMPS THE PAST COUPLE OF DAYS BUT NO  SNOW.THE ICE WAS TWO-AND-A-HALF INCHES THICK. THE DROUGHT MONITOR PUTS  THEIR RANCH IN THE "ABNORMALLY DRY" CATEGORY. WATER LEVELS ARE NOT  LOOKING GREAT HEADING INTO WINTER. AND NOW HERE ARE SOME HOMETOWN TEMPS. FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  AGDAY, AGRITALK, U.S.  FARM REPORT AND MORE - 24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP TODAY. 

TEASE
WHEN WE COME BACK WE'LL TALK ABOUT THE GENERAL ECONOMY AND WHAT IT  MEANS FOR AGRICULTURE. PLUS MEET A COUPLE - MARRIED FOR A HALF CENTURY - AND HOW THEY LIKE TO  CELEBRATE THE CHRISTMAS SEASON. AGDAY - BROUGHT TO YOU BY ILEVO SEED TREATMENT FROM BAYER. PROTECT YOUR SOYBEANS FROM  SDS AND NEMATODES THIS SEASON.

FLOOR OF THE CME
RECEIVE A FREE TRIAL OF THE DAILY GRAIN PLAN NEWS LETTER FROM ROACH AG MARKETING.  TEXT  ROACH TO 31313.  START YOUR SUBSCRIPTION BY TEXTING ROACH TO 31313.IN AGRIBUSINESS A MIXED DAY AT MID-WEEK FOR COMMODITY MARKETS. LETS SEE HOW THINGS CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. SOYBEANS WERE MIXED TODAY. THEY REALLY STARTED TO HIRE WENT LOWER. CAME BACK AND THEN THEY KIND OF ENDED A LITTLE BIT LOWER THE U.S. DOLLAR INDEX WAS A LITTLE BIT LOWER SO THAT OFFERED SOME SUPPORT BUT NOT AS MUCH AS WE WERE HOPING IN THE CORM WE ALSO WAS RISING. THERE WAS SOME SPILLOVER EFFECT FROM THE SOYBEANS AND IT REALLY HAD SOME MODEST GAINS. SO THAT REALLY MOVED IT UP A LITTLE BIT HIGHER. THERE'S BEEN A QUIET MARKET YOU KNOW KIND OF LEAVES THE FUTURES A DRIFT A LITTLE BIT AND TRADERS ARE ARE PATIENTLY WAITING FOR SOME FUNDAMENTAL NEWS TO REALLY GIVE IT SOME DIRECTION. WHEAT ALSO WAS REBOUNDING AND TODAY THE FRIGID TEMPERATURES REALLY SPARKED SOME SOME BUYING INTEREST. THAT'S ALL FROM THE FLOOR AT THE CME I'M VIRGINIA MCGATHEY

AGRIBUSINESS
TOMMY GRISAFI ADVANCE TRADING OUR GUEST HERE AT AGRIBUSINESS. ALL RIGHT TOMMY IF WE LOOK  BACK ON 2017 ONE THING I DON'T KNOW IF EVERYONE EXPECTED WAS THE HOT ECONOMY THAT WE'VE  HAD IN THE U.S.. I MEAN WITH THE STOCK MARKET THE DOW JUMPED UP 5000 POINTS. FIRST TIME  EVER. RIGHT. AND ONE OF THE GREATEST RUNS IN STOCK MARKET HISTORY IF YOU'RE ANYBODY WHO  EMPLOYS PEOPLE IT'S VERY HARD TO GET TALENTED LABOR THAT'S DEPENDABLE. SURE I HAVE FRIENDS A  FRIEND IN MINNESOTA WHO HAS A BUSINESS THAT CONSTRUCTION BUSINESS AND HE HAS MORE JOBS  THAN HE CAN HANDLE AND HE CAN'T GET HELP FAST ENOUGH. SO HOW DOES IT TIE INTO THE AG ECONOMY SAME THING. THERE'S A LABOR PROBLEM. I TALK TO MY LARGEST BEST CUSTOMERS ARE  CONSTANTLY COMPLAINING ABOUT NEEDING PEOPLE TO WORK. AND THERE'S THE DIFFERENCE BETWEEN  WHAT THEY'RE WILLING TO PAY AND WHAT PEOPLE CAN GO OFF THE FARM AND GET A JOB. THEY'RE LOSING  THEIR GOOD HELP TO OTHER JOBS. OBVIOUSLY IF YOU'RE NOT WORKING IN AMERICA YOU PROBABLY AT THIS  POINT DON'T WANT TO BECAUSE I HAVE NOT ONE TO ANY BUSINESS RESTAURANT HOTEL THAT DIDN'T HAVE A HELP WANTED SIGN. IT MAY NOT BE THE JOB YOU WANT. IT MAY NOT BE A GREAT JOB MAKING 75000  HOURS A YEAR WITH HEALTH INSURANCE. BUT IF YOU WANT TO GO WORK THREE PART TIME JOBS YOU CAN  GET THAT JOB. YOU PROBABLY DON'T GET THE HEALTH INSURANCE SO A LOT OF PEOPLE WHEN YOU TALK  ABOUT GREAT JOBS HEALTH INSURANCE IS A VERY TOUCHY SUBJECT AND SOMETHING A LOT OF FARMERS  AND GROWERS ARE TALKING ABOUT. IT ALL TIES IN THIS HOT ECONOMY. THERE'S JUST WE WE ARE GOING TO  SEE NEXT AS THE ECONOMIC NUMBERS COME OUT THAT THE LABOR MARKET HAS TIGHTENED SO THEN WE  MIGHT SEE SOMETHING CALLED WAGE INFLATION AND THAT'S REAL INFLATION YOU GET THE PRICE IS GOING  UP WAGES GOING UP. THAT'S OLD SCHOOL ECONOMICS SOMETHING WE HAVEN'T SEEN IN YEARS AND  THEN WE HAVE SOMETHING TO TALK ABOUT. SO WHEN COMPANIES START COMPETING FOR TALENT THAT'S  HOW YOU GET WAGE INFLATION. AS YOU LOOK INTO 2018 DO WE EXPECT THIS RUN TO ECONOMISTS  EXPECT THIS RUN TO CONTINUE THAT WE'VE BEEN ON IN THE GENERAL ECONOMY GDP PLUS 4 PERCENT  OR WHENEVER IT TIMES PAST WHEN WE WERE ON THE SHOW WE TALKED ABOUT THE ECONOMY WE SAID  WE'RE GOING 45 MILES AN HOUR DOWN THE HIGHWAY SPEED LIMITS 55 WE'RE GOING 60 AND I'M 55  NOW WE'RE HEATING UP. AND SO IT'S NOT THE AG ECONOMY NECESSARILY ON FIRE BUT EVERYBODY IN MANY ASPECTS BESIDES AG AG IS THE ONE SUBJECT THAT YOU LIKE WOW LOOK AT YOU ON SOME OF  THESE FARMERS ARE STRUGGLING AND OTHER COMPANIES ARE DOING SO WELL SO I DON'T SEE WHAT  MAKES IT STOP POSSIBLY A CONFLICT THE BLACK SWAN EVENTS. JUST LOOK AT THESE HURRICANES. LOOK  AT LOOK AT THESE HURRICANES HOW MANY JOBS THOSE PRODUCED IN TEXAS AND FLORIDA WHERE WE'RE  REBUILDING AMERICA OUR ROADS OUR HOMES. THESE STORMS ARE BRINGING HUGE OPPORTUNITIES FOR  JOB GROWTH. I DON'T SEE IT STOPPING ANYTIME SOON. ALL RIGHT TOMMY APPRECIATE IT WE'LL BE BACK  MORE AGDAY IN JUST A MINUTE.  AGDAY - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM BAYER. DESIGNED USING SMART  GENETICS WITH TAILORED VARIETIES TO FIT ANY FIELD CONDITION. 

WEATHER
WELCOME BACK TO AGDAY HERE IS CINDI CLAWSON AND WE WERE TALKING ABOUT THE COLD WEATHER  GETTING HERE AND THEN GOING AWAY. BUT IT SOUNDS LIKE IT'S STICKING AROUND FOR A LITTLE WHILE IT IS  GOING TO BE STUBBORN. IT IS THAT WAY IT'S GOING TO BE REALLY BOTHERSOME FOR A LOT OF FOLKS AS WE  TALKED ABOUT IN CROP WATCH. I MEAN YOU STILL FARMERS STILL GOT TO GET OUT AND DO THEIR DO THEIR  CHORES AND YEAH YOU'RE GOING HAVE TO DO IT IN THE COLD. LET'S TAKE A LOOK AT THE MAP AND THIS  COLD STRETCHES EVEN DOWN INTO THE SOUTHEASTERN UNITED STATES WHERE THEY'RE SEEING  ABNORMALLY CHILLY TEMPERATURES. WE HAVE HIGH PRESSURE IN CONTROL RIGHT NOW IN THE EASTERN  PARTS OF THE GREAT LAKES. WE HAVE YET ANOTHER SYSTEM THAT'S GOING TO BE COMING THROUGH THE  UPPER MIDWEST THAT'S GOING TO BE BRINGING SOME MORE SNOW AND THEN EVENTUALLY MORE YES.  LAKE EFFECT SNOW WE'RE GOING TO SEE NOT A WHOLE LOT OF MOVEMENT WITH THIS FRONT HERE SO  THAT'S GOING TO CONTINUE THE CHANCE FOR SOME SNOW IN THE NORTHWEST AND SOME RAIN AS YOU  GET OVER INTO THE LOWER ELEVATIONS OF THE PACIFIC NORTHWEST AS WELL. SOME SCATTERED RAIN  SHOWERS ARE GOING TO BE AFFECTING PARTS OF THE SOUTHEAST TODAY PUTTING THIS INTO MOTION THAT  HIGH PRESSURE SLOWLY MOVES ON OFF TO THE EAST THE LOW MOVES INTO NOW THE WESTERN GREAT  LAKES SO LOOK FOR SOME SNOW MOVING THROUGH THERE. SNOW AND LOWER ELEVATION RAIN INTO THE  NORTH WESTERN PART OF THE COUNTRY. NOTICE THE SOUTHWEST FAIRLY DRY IN MUCH OF THE SOUTH IS  GOING TO BE DRY OTHER THAN THE SOUTHEAST LOW MOVES TOMORROW MORNING THROUGH THE GREAT  LAKES REGIONS WHERE AGAIN MORE SNOW TO GO AND LAKE EFFECT SNOW. WE HAVEN'T SEEN A TON OF  MOVEMENT FROM THIS BUT IT IS MAKING SLOW PROGRESS TO THE EAST AS THAT LOW STARTS TO MOVE INTO  THE NORTHERN PARTS OF IDAHO AND THEN AS WE GET IN THROUGH THE DAY ON FRIDAY WE'LL CONTINUE TO  SEE JUST REAL SLOW MOVEMENT OF BOTH OF THOSE SYSTEMS MAINLY AFFECTING PARTS OF THE GREAT  LAKES AND INTO THE NORTHWEST. ALL RIGHT AS FAR AS PRECIPITATION IS CONCERNED AS THE LAST 24  HOURS HAS BEEN MAINLY JUST INTO THE NORTHWEST THERE HASN'T BEEN A TON OF MEASURABLE  PRECIPITATION BUT WHEN YOU FACTOR IN THE NEXT 24 HOURS IT'S GOING TO BE ESPECIALLY IN THE  NORTHWEST AND A LOT OF THAT IN THE FORM OF SNOW. SPEAKING OF SNOW LET'S TAKE A LOOK AT SOME OF  THOSE AMOUNTS IT'S BEEN FAIRLY HEAVY IN SOME OF THOSE HIGHER ELEVATIONS IN THE NORTHWEST.  AND AS YOU TACK ON THE NEXT 24 HOURS WE'RE JUST GOING TO BE ADDING TO THAT AND WILL ADD MORE  SNOW IN THE UPPER MIDWEST AND INTO THE GREAT LAKES. TEMPERATURE WISE IT'S STILL COLD BUT IT'S  ACTUALLY AT LEAST A LITTLE BIT BETTER TODAY THAN WHAT WE WERE LOOKING AT YESTERDAY. WE'RE STILL  DEALING WITH SOME SINGLE DIGITS ACROSS THE FAR NORTHERN TIER OF STATES BUT WE'RE SEEING  TEMPERATURES GENERALLY A LITTLE BIT WARMER TODAY IN MANY PARTS OF THE COUNTRY. JUST A FEW DEGREES NOT A TON. IT'S STILL REALLY COLD OUT THERE. WE'RE STILL LOOKING AT SOME TEMPERATURES  GETTING BELOW ZERO AS WE GET INTO THE OVERNIGHT HOURS TONIGHT. BUT AGAIN JUST SLIGHTLY WARMER  THAN WHAT WE HAVE SEEN THE PAST 24 HOURS OR SO AND THEN AS WE GET INTO TOMORROW JUST  AGAIN SIMILAR TEMPERATURES VERY CHILLY FOR THIS TIME OF THE YEAR IN MOST OF THE COUNTRY. THAT'S A  LOOK AT YOUR NATIONAL FORECAST. NOW LET'S CHECK OUT THE WEATHER WHERE YOU LIVE SWEET HOME OREGON RAIN LIKELY FOR YOU TODAY WITH A HIGH TEMPERATURE OF 47 DEGREES. PARK FALLS  WISCONSIN VERY COLD WITH SNOW LIKELY A HIGH OF FOUR. THAT'S ACTUALLY WARMER THAN YESTERDAY  AND SOME RAIN FOR JESUP GEORGIA.

TEASE
OUR DROVERS REPORT IS NEXT INCLUDING A LOOK AT MARKET EXPECTATIONS  FOR THE NEW YEAR. AND LATER, PUTTING UP THE DECORATIONS ARE FUN, TAKING THEM DOWN--CAN  OFTEN BE A CHALLENGE IF ITS A JOB THIS BIG. AGDAY - BROUGHT TO YOU BY LIBERTY HERBICIDE, THE SIMPLY BETTER SOLUTION FOR SUPERIOR WEED  CONTROL AND A STRONGER YIELD.

DROVERS TV
IN NEWS FROM OUR REPORTING PARTNERS AT DROVERS - WHILE MOST  AGRICULTURAL ENTERPRISES ARE IN THE MIDST OF AN ECONOMIC DOWNTREND,  THE CATTLE AND BEEF MARKETS REMAIN MODESTLY PROFITABLE FOR  RANCHERS.  STERLING MARKETING PRESIDENT JOHN NALIVKA CALCULATED THE LEDGER. HE  SAYS COW-CALF OPERATIONS SAW AVERAGE PROFITS OF 143 DOLLARS PER COW  ON A CASH BASIS DURING 2017. BUT AS DROVERS EDITOR GREG HENDERSON EXPLAINS, THOSE PROFITS WON'T  STICK AROUND IN THE NEW YEAR. HENDERSON SAYS: " HE EXPECTS THOSE AVERAGE PROFITS TO DROP TO $98  PER COW IN 2018 DUE LARGELY TO PRESSURE FROM INCREASES IN SUPPLIES OF  ALL RED MEAT AND POULTRY. OVER THE PAST THREE YEARS, INCREASING  PRODUCTION OF BEEF, PORK AND POULTRY HAVE BEEN ENCOURAGED BY LOW  GRAIN PRICES, AND AT THIS POINT IT APPEARS THOSE LOWER GRAIN COSTS WILL  KEEP MEAT SUPPLIES GROWING NEXT YEAR." ECONOMISTS PROJECT RED MEAT AND POULTRY SUPPLIES WILL GROW BY 3  BILLION POUNDS IN 2018. BUT DESPITE INCREASING SUPPLIES, NALIVKA DOESN'T  NECESSARILY EXPECT SHARPLY LOWER PRICES IN 2018.  HE SAYS CATTLE AND  BEEF PRICES WERE BETTER THAN EXPECTED IN 2017 DUE TO INCREASED  DEMAND AND STRONG EXPORTS.

TEASE
DID YOU TAKE DOWN YOUR CHRISTMAS TREE? NEXT MEET A COUPLE THAT MAY TAKE THEIR SWEET-OLE' TIME PUTTING AWAY  THE CHRISTMAS DECORATIONS. AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAY. CHRISTMAS IS PAST US. SOME OF YOU MAY HAVE ALREADTAKEN DOWN THE  TREE. IN MY HOUSEHOLD, WE LIKE TO KEEP IT DECORATED UNTIL THE NEW YEAR. WELL, THERE'S A FAMILY IN NORTH DAKOTA THAT TAKES SIX WEEKS TO SET-UP  ALL THE CHRISTMAS TREES IN THEIR HOUSE. AND WITH SO MANY PRECIOUS ORNAMENTS, IT MAY TAKE JUST AS LONG TO BOX  THEM AWAY. HOW MANY TREES DO THEY HAVE YOU MAY WONDER? CLIFF NAYLOR FROM AFFILIATE KFYR SAYS THE MAGIC NUMBER IS 48. OH CHRISTMAS TREE, OH CHRISTMAS TREE, HOW NUMEROUS ARE YOUR BRANCHES. TOM AND JOANN JACOBSEN'S HOME IS GARNISHED WITH YULETIDE. JOANN JACOBSON, HETTINGER, ND:  "I AM OUT OF SPACE..." THIS COUPLE KNOWS HOW TO KEEP CHRISTMAS.  THEY'VE BEEN MARRIED 48 YEARS, AND ADORN 48  TREES WITH A MULTITUDE OF ORNAMENTS. TOM JACOBSEN, HETTINGER, ND:  MOST OF THESE ORNAMENTS I DIDN'T EVEN KNOW SHE HAD. JOANN STARTED COLLECTING DECORATIONS IN 1967.  SHE ARRANGES THEM ACCORDING TO THEMES. TOM JACOBSEN:  THIS IS THE GINGERBREAD TREE, NOTHING BUT GINGERBREAD. THERE'S ALSO A RUSSIAN TREE, FAIRY TREE, NUTCRACKER TREE, SNOWMAN, SANTA, PEACOCK, OWL AND  CIRCUS TREE. JOANN JACOBSEN:  THE GOOSE FEATHER TREE IS MADE WITH PIN FEATHERS OF THE GEESE, THEN THEY  DYE IT OF COURSE, YOU DON'T HAVE GREEN GEESE. A GREEN PICKLE IS HIDDEN IN EVERY TREE.  THE OLD GERMAN CHRISTMAS TRADITION ADDS INTRIGUE TO  THE DECOR. JOANN JACOBSON:  WHOEVER FOUND THE PICKLE IN THE TREE WOULD RECEIVE A SPECIAL GIFT. JOANN GREW UP ON A DAIRY FARM SO ONE TREE HAS AN AGRICULTURAL ANGLE.  IT TOOK SIX WEEKS TO SET UP THIS WINTER WONDERLAND.  JOANN SAYS THIS IS THE LAST YEAR SHE'S  GOING TO BE ABLE TO DECK THE HALLS, 48 TIMES. JOANN JACOBSON:  THE KIDS ARE SUPPOSED TO COME AND PICK OUT WHAT THEY WANT AND TAKE  DOWN THE TREES. THE JACOBSON'S HAVE FIVE CHILDREN AND ELEVEN GRANDKIDS SO THIS ENORMOUS ORNAMENT  COLLECTION WILL REMAIN IN THE FAMILY FOR MANY CHRISTMASES TO COME. I'M CLIFF NAYLOR REPORTING  FOR AGDAY. THIS IS THE LAST CHRISTMAS THE JACOBSON'S WILL SET-UP ALL THOSE TREES.  CLIFF SAYS THEY'RE TURNING 80 NEXT YEAR AND IT'S JUST TOO MUCH WORK. AFTER THE JACOBSON'S WERE MARRIED 48 YEARS AGO, THEIR VERY FIRST  CHRISTMAS TREE WAS A TUMBLE WEED, SPRAY PAINTED GREEN AND  DECORATED WITH ONE STRING OF LIGHTS.

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. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS.

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