AgDay Daily Recap - February 19, 2018

February 19, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
FEBRUARY 19, 2018

HEADLINES

NEW TARIFF RECOMMENDATIONS ARE PUTTING AG ON ALERT PLUS, CALCULATING CATTLE PRICES FOR 2018 IN AGRIBUSINESS...TRACKING CORN DEMAND MACHINERY PETE IS LOOKING AT COMBINE PRICES. AND FUELING AN OLYMPIC ATHLETE . AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD..

POSSIBLE TARIFFS ON STEEL, ALUMINIUM
GOOD MORNING I'M CLINTON GRIFFITHS. IT'S PRESIDENT'S DAY SO THERE'S A  GOOD CHANCE THE KIDS ARE OFF FROM SCHOOL. SO YOU SHOULD GIVE THEM  SOME ADDITIONAL CHORES.   AND, THE GRAIN MARKETS ARE CLOSED IN CHICAGO. TOPPING OUR NEWS.... TOUGH-TALK FROM THE U-S DEPARTMENT OF COMMERCE  AS IT RECOMMENDS SLAPPING TARIFFS ON ALUMINUM AND STEEL IMPORTS. THE COMMERCE DEPARTMENT SAYS IMPORTED ALUMINUM AND STEEL THREATEN  U-S NATIONAL SECURITY AND IS URGING PRESIDENT DONALD TRUMP TO IMPOSE  TARIFFS OR QUOTAS TO BOOST AMERICAN PRODUCTION. COMMERCE SECRETARY WILBUR ROSS PROPOSING A 24 PERCENT GLOBAL  TARIFF ON STEEL SHIPMENTS COMING INTO THE COUNTRY. AND A SEVEN-POINT- SEVEN PERCENT DUTY ON ALUMINUM IMPORTS.  ROSS SAYS HIGHER PRODUCTION LEVELS OF STEEL AND ALUMINUM, ESPECIALLY  BY CHINA, HAS DRIVEN DOWN PRICES AND HURT AMERICAN PRODUCERS. "THEY SPECIFICALLY MENTIONED CHINA THAT THEY PRODUCE NEARLY AS MUCH STEEL AS THE U.S. DOES  ON AN AVERAGE MONTH THAT THE U.S. PRODUCES IN A YEAR. SO THEY'RE SINGLING OUT CHINA IN THIS  REPORT."FARM JOURNAL WASHINGTON CORRESPONDENT JIM WIESEMEYER SAYS THE  RISK NOW IS HOW CHINA RESPONDS. THE COUNTRY HAS ALREADY BEEN ACCUSING THE U-S SORGHUM INDUSTRY OF  DUMPING THAT GRAIN AT UN-FAIRLY LOW PRICES. BUT AN EVEN BIGGER THREAT TO U-S AG WOULD BE SOYBEANS. "I WOULD SIGNAL THAT WHAT I'M GOING TO LOOK OUT FOR IS WHETHER OR NOT IN THE NEXT FEW MONTHS  CHINA BOOKS AHEAD U.S. SOYBEANS TO GET A LOT OF BEANS ON THE BOOKS OR IF YOU START TO SEE.  AFTER THE ANY ANNOUNCEMENT IS MADE IF CHINA IS SEEING SINGLED OUT CHINA ANNOUNCES SOME  RETALIATION BUT THEN YOU START SEEING EXPORT SALES TO AN UNKNOWN DESTINATION OF BIG QUANTITIES  AND THAT COUNTRY WOULD LIKELY BE CHINA'S." PRESIDENT TRUMP HAS UNTIL APRIL ELEVENTH TO MAKE A DECISION ON  WHETHER TO ASSESS TARIFFS TO STEEL IMPORTS, AND APRIL  19TH ON  ALUMINUM SHIPMENTS. SEVERAL OTHER NATION'S WERE TARGETED FOR POTENTIAL TARIFFS BUT CHINA  IS BY FAR THE LARGEST STEEL MAKER. ANALYSTS SAYS U-S TARIFFS COULD ALSO INFLATE MANUFACTURING AND  CONSUMER PRICES IN THE U-S. CHANGES IN STEEL OR ALUMINUM PRICES LIKELY TO IMPACT EQUIPMENT  MAKERS.

DEERE SALES FORECAST
THE WORLD'S LARGEST FARM MACHINE MAKER-- DEERE AND COMPANY ROLLING  OUT IT'S FULL YEAR SALES FORECAST. IT'S PROJECTING AN INCREASE OF NEARLY 30 PERCENT. NET REVENUES ARE FORECAST TO RISE BY ABOUT 25 PERCENT WHILE NET  INCOME FOR 2018, EXCLUDING THE IMPACT OF TAX-RELATED ADJUSTMENTS, IS  FORECAST AT $2.85 BILLION.  THAT'S HIGHER THAN THE AVERAGE ANALYST ESTIMATE  AND THIS MIGHT BE THE BIGGEST NEWS, DEERE PROJECTING WORLDWIDE  SALES OF AG EQUIPMENT TO INCREASE BY NEARLY 15 PERCENT.  AND 10 PERCENT IN THE U.S. AND CANADA. MISSOURI JOHN DEERE DEALER AG POWER SAYS THE SURGE IN EQUIPMENT  TRENDS CAME EARLIER THAN EXPECTED.  "I THOUGHT WE WERE STILL MAYBE 12 MONTHS OUT AND THEY'RE COMING BACK A LITTLE SOONER THAN I THOUGHT.WE HAD REALLY GOOD YIELDS IN OUR AREA LAST YEAR THOUGH SO I DON'T KNOW IF IT'S THE BUSHELS OR  THE I MEAN WE KNOW THE PRICE WASN'T THERE BUT I WOULD SAY THE BUSHELS HELPED A LOT WHERE  WE ARE."ANALYSTS SAY IT'S NOT UNCOMMON FOR NET FARM INCOME TO TRACK WITH  DEERE SALES EXPECTATIONS. 

CATTLE INDUSTRY HEALTH
CATTLE PRICES CONTINUE TO REMAIN RELATIVELY SUPPORTED, HOWEVER AT  THE RECENT CATTLE INDUSTRY CONVENTION AND NCBA TRADE SHOW ANALYSTS  THERE SAY SEVERAL FACTORS ARE LOOMING THAT COULD IMPACT PRICES FOR  2018. BETSY JIBBEN REPORTS FROM ARIZONA.  AFTER SUFFERING MAJOR LOSSES IN 2015 AND 2016,  IT'S A HEALTHIER TIME IN THE CATTLE INDUSTRY - AND STRONGER PRICES ARE  HERE WITH IT.  "BUT CERTAINLY YOU'RE SEEING SOME MARGINS IN THE GREEN? HIM: ABSOLUTELY. IT'S A VERY  GOOD FEELING."CATTLEFAX SAYING 2017 IS CONSIDERED THE SECOND MOST PROFITABLE YEAR  IN THE CATTLE INDUSTRY. SOME EVEN SEEING SIMILIAR PROFITS TO THE HIGHS OF 2014.  "I THINK IT'S COMPARABLE. I THINK EVERY OPERATION IS DIFFERENT BUT THERE ARE SOME INSTANCES  WHERE IT'S THE SAME OR EVEN A LITTLE BIT BETTER,""2018 SHOULD BE FAVORABLE FOR MOST PRODUCERS,"HOWEVER, USDA'S JANUARY CATTLE INVENTORY REPORT IS ALSO SHOWING  CONTINUED GROWTH BUT AT A SLOWER RATE DUE TO A SMALLER NUMBER OF  BEEF REPLACEMENT HEIFERS DOWN 4 PERCENT. "PEOPLE ARE TAKING THIS AS A SIGN THE EXPANSION IS OVER. I THINK THERE'S ROOM FOR SOME  POTENTIAL EXPANSION IN THIS. IF YOU LOOK AT THE REPLACEMENT HEIFER NUMBER AS A PERCENT OF THE  HERD SIZE, IT'S STILL ABOVE THE LONG-TERM."SINCE THAT REPLACEMENT HEIFER NUMBER IS LOWER, SOME FEEL IT'S A  POSITIVE FOR PRICE EVEN THOUGH THE HERD IS STILL GROWING AT A SLOWER  RATE. OVERALL, A LITTLE BIT SMALLER INVENTORY OF CATTLE THAN WHAT HAD BEEN EXPECTED. OVERALL, THAT PUTS A POSITIVE TONE ON PRICES BEING A BIT STRONGER FOR 2018." "FOR THE FEEDLOT OPERATOR, WE THINK THEY WILL GET ALONG HERE WELL THROUGH THE FIRST  QUARTER. WHEN THE YEAR IS ALL SET AND DONE, THEY RUN THE RISK OF BEIN GIN THE RED." "I STILL THINK WE HAVE A LOT OF RISK FROM AN ABNORMALLY WIDE PRICE SWING FROM SPRING HIGHS TO  LATE SUMMER AND FALL LOWS."THE PRICE DEBATE COMES AT A TIME WHEN THE CENTRAL AND SOUTHERN  PLAINS ARE BATTLING DROUGHT CONDITIONS WITH LESS FORAGE, WHEAT, HAY - MAKING SOME WONDER IF CATTLE COULD BE NEXT TO SHRINK.  "WE'VE HAD LOTS OF COLD WEATHER THIS WINTER SO WE'VE USED A LOT OF HAY. WE COULD SEE  OURSELVES IN A SITUATION IF NOTHING CHANGES AND SPRING DOESN'T COME, AND WE DON'T HAVE ANY  REAL HAY TO WORK WITH, THAT MEANS WE COULD GET IN A SITUATION TO LIQUIDIZE CATTLE VERY QUICKLY.""THE BIGGEST WORRY FOR ME EVEN MORE THAN DROUGHT IS THE RISK OF EXCESS CARCASS WEIGHTS  AND WHAT THAT COULD DO FOR TOTAL BEEF PRODUCTION.""OUR FORECAST THIS YEAR IS TO HARVEST 800 THOUSAND MORE CATTLE THAN LAST YEAR ON THE FED  SIDE. WHICH WILL BE 3 MILLION LARGER THAN THE LOWEST SPOT IN 2015. WE HAVE NOT CHANGED OUR KILL  CAPACITY SINCE 2015,"US-MEF SAYS 2017 WAS A RECORD-BREAKING YEAR. BEEF EXPORT VALUE  SURPASSED THE SEVEN BILLION ($7.27B) DOLLAR MARK. LAST YEARS' TOTALS  WERE TWO PERCENT HIGHER THAN THE PREVIOUS HIGH SET IN 2014. "WHAT'S MORE EXCITING IS OUR ECONOMISTS ARE FORECASTING GOING INTO NEXT YEAR THAT WE'RE  LOOKING AT 6 TO 8 PERCENT ADDITIONAL GROWTH ON TOP OF THIS RECORD THIS YEAR. SO WE'RE EXCITED.  THERE'S A LOT OF OPPORTUNITY OUT THERE. WE JUST HAVE TO HARVEST IT.""WE CONTINUE TO MOVE BEEF EXPORTS ALONG. IF DEMAND STAYS HEALTHY, IT'S SURPRISE WE HAVE  LARGE SUPPLY RIGHT NOW BUT IF DEMAND STAYS HEALTHY I SEE NO REASON WHY WE CAN'T CONTINUE TO  HOLD THIS MARKET UP AS WE MOVE FORWARD."A HOPE RECORD DEMAND WILL CONTINUE AND GOOD PRICES WILL STICK  AROUND WITH IT.  "I DON'T KNOW ABOUT 2018. 10 (TAKE OUT MIDDLE UNTIL :16) MAYBE IT WON'T BE THE FIRST 6 MONTHS  OF THE YEAR BUT I THINK GOING INTO 2019 WILL BE TOUGHER.." THANKS BETSY. TRADE UNCERTAINTY--LIKE RENEGOTIATIONS OF NAFTA AND THE SOUTH KOREAN  FREE TRADE AGREEMENT-- IS ALSO A WILDCARD FOR 2018. PURDUE AG ECONOMIST CHRIS HURT EXPECTED FINISHED CATTLE PRICES TO  AVERAGE BETWEEN 118 TO 120 PER HUNDRED. FEEDER CATTLE ARE EXPECTED TO BE A BIT LOWER THAN 2017 IN THE MID TO  LOW 140'S.

CROP COMMENTS
OUR OWN METEORLOGIST MIKE HOFFMAN IS BACK IN STUDIO WITH US THIS  MONDAY MORNING. HE HAS TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. ROBERT GOODSON OF HELENA ARKANSAS SENT US THIS PICTURE. HE SAYS DRAINS ARE WORKING BUT 5 OR MORE INCHES OF RAIN IN THE LAST  WEEK OR SO IS OVERWHELMING.   HE SAYS SO FAR IT'S WAY TOO WET TO EVEN CONSIDER BURN-DOWN OPTIONS  FOR THESE FIELDS.   ROBERT IS A COUNTY EXTENSION AGENT FOR THE UNIVERSITY OF ARKANSAS. AND FROM RAIN TO SNOW, PARTS OF MONTANA GETTING ABSOLUTELY DUMPED  ON LATE LAST WEEK AND OVER THE WEEKEND. JODI THOMPSON SENT US THIS PICTURE TO FACEBOOK FROM COLUMBUS,  MONTANA.  SHE SAYS THIS WAS THEIR CALVING LOT AT 2 A.M. BRRR--LOOKS COLD. AND TAKING A LOOK AT THE ESTIMATED RAIN FROM LAST WEEK YOU CAN KIND OF SEE IT'S MAINLY BEEN IN THE SOUTHEAST AND ON UP INTO THE MID-ATLANTIC HEAVIEST AMOUNTS SOME OF THAT 8 INCHES PLUS  PARTS OF THE PAME HANDLE OF FLORIDA. WE'LL TALK MORE ABOUT YOUR FORECAST FOR THE COMING WEEK  IN THE NEXT 30 DAYS. COMING UP AT FIRST HERE SOME HOMETOWN TEMPS. 

TEASE
WHEN WE COME BACK WE'LL BE TALKING ABOUT CORN DEMAND AND WHETHER IT  CAN SUPPORT PRICES. PLUS MACHINERY PETE IS HERE. AGDAY - BROUGHT TO YOU BY NEW DELARO FUNGICIDE FOR CORN AND SOYBEANS. ACHIEVE  PERSONAL BEST YIELDS. 

AGRIBUSINESS
CORN PRICES AND EXPORTS SEEING A BIT MORE ACTION AS OF LATE BUT CAN  DEMAND HELP KEEP MARKETS MOVING? TYNE MORGAN ASKS THE QUESTION FROM THE ROAD. HERE NOW AT JAROD CREED J.C MARKETING SERVICES JAROD. WHEN WE LOOK AT CORN WE NOTE  DEMAND'S BEEN MUCH BETTER ON THE CORN SIDE THAN IT HAS BEEN ON THE SOYBEAN SIDE. BUT IS  THAT DEMAND ENOUGH TO REALLY SUPPORT PRICES. SURE ABSOLUTELY. SO LAST YEAR WE HAD A RECORD  U.S. CORN CROP RIGHT. YOU WOULD THINK US BEING THE BIGGEST PROVIDER OF CORN IN THE WORLD AND  YET OUR WORLD ENDING STOCKS STILL WENT LOWER OVER THE COURSE OF THE LAST COUPLE OF YEARS. OUR  DEMAND HAS BEEN RAMPING UP YEAR AFTER YEAR AND FINALLY WE'RE STARTING TO USE MORE THAN  MURULI RAISINS ON ON A YEARLY BASIS RIGHT HERE AND NOW WHEN WE'RE TALKING ABOUT AN ACREAGE  MIX OF NEXT YEAR AND THE CURRENT DEMAND BASE IN A LITTLE BIT OF PROBLEMS IN ARGENTINA. SO  SPECULATION ON DRAWDOWN OF AREA IN BRAZIL. I DON'T KNOW IF WE'VE HAD THIS MUCH POSITIVE  INFORMATION IN CORN FOR SEVERAL YEARS BUT WHEN YOU THINK WHEN YOU SEE THIS MUCH POSITIVE I  MEAN LET'S BE REALISTIC ABOUT PRICE. ARE YOU LOOKING AT. OF COURSE NORTH OF FOUR DOLLARS BUT  HOW FAR NORTH. JUST BECAUSE YOU HAVE POSITIVE INFORMATION. WE STILL HAVE TO WORK THROUGH  THAT. GLUT OF GRAIN FROM LAST YEAR AND YOU'VE GOT TO REMEMBER THAT ALL THOSE TRADES COME TO  THE BOARD OF TRADE TOGETHER YOU HAVE TO HAVE A BUYER FOR EVERY SELLER AND THE FARMERS THE  BIGGEST PLAYER IN THIS MARKET TODAY IS THE BIG LONG PHYSICAL GRAIN. SO AS SOON AS WE CAN FIND  OUR WAY THROUGH THOSE STOCKS CONTINUE TO FIND A BUYER I REALLY WANT TO KEEP THINGS REALISTIC  AS YOU KNOW 50 CENTS IN THE CARDS. LET'S NOT TALK ABOUT THAT TYPE OF STUFF BUT I THINK WE DO  HAVE A CHANCE TO PUSH DECEMBER CORN FUTURES ABOVE 4 BUCKS MAYBE WE GET A CRACK OF  4000 415 IN A SEASONAL MOVE. REAL QUICK ONLY ABOUT 30 SECONDS. THAT'S NEW CROP. WHAT ABOUT ALL OF THIS OLD CROP OLD CROP. THE MARKET HAS DONE A PRETTY GOOD JOB OF MAINTAINING A  RANGE OF 350 TO 360 ON A CASH FRONT. I DON'T KNOW IF YOU'RE GOING TO SEE BIG BIG MOVES THERE  WITHOUT A HUGE ISSUE OF AN UNKNOWN TODAY. YOU KNOW ON THE TOP SIDE OF FUTURES YOU'RE  LOOKING AT 15 20 CENTS HIGHER AND FROM TODAY IS WHAT I'D FEEL COMFORTABLE TALKING ABOUT. ALL  RIGHT.JAROD THANK YOU SO MUCH. APPRECIATE IT. LET'S TAKE A QUICK BREAK HERE ON AGDAY AND  THEN WE'LL BE BACK WITH A CHECK OF WEATHER.

WEATHER
WELCOME BACK TO AGDAY ON THIS MONDAY MORNING AND METEOROLOGIST MIKE HOFFMAN HERE  LOOKING AT THE JET STREAM AND MIKE. WE TALK A LOT ABOUT PATTERNS AND SEASONAL PATTERNS. HAVE WE CHANGED. IS THIS A DIFFERENT PATTERN. YES BUT I'M NOT SURE IF WE GO BACK TO THE ONE FROM  THREE OR FOUR WEEKS AGO WITH THE TROUGH OR NOT. THERE ARE STILL SIGNS THAT IT'LL HAPPEN AT SOME  POINT IN MARCH BUT WE'RE NOT SURE OF THAT. SO AT LEAST FOR NOW THIS IS THE PATTERN WE'RE LOOKING  AT WITH A RIDGE IN THE SOUTHEAST KEEPING YOU FOLKS DRY AND WARM IN FLORIDA AND A LITTLE BIT  FARTHER NORTH FROM THERE BUT A LOT OF MOISTURE COMING UP FROM THE GULF IN THIS SITUATION. AND A  LOT OF MOISTURE COMING OUT FROM THE PACIFIC WHICH IS GOOD NEWS FOR THE DROUGHT AREAS. I'M NOT  SURE YOU GET A LOT OF RAIN OVER THE COMING WEEK BUT AT LEAST YOU HAVE POTENTIAL TO GET SOME  FROM TIME TO TIME. I THINK IT'LL GENERALLY BE IN A LIGHT SIDE BUT WE'LL HAVE TO WAIT AND SEE HOW  THAT WORKS OUT. BUT YOU CAN SEE THE JET STREAM OVERALL CONTINUES TO HAVE THIS WEAKNESS OFF  THE CALIFORNIA COAST OCCASIONALLY TRY TO TRYING TO CUT OFF SOMETHING THERE'S A RIDGE HOLDING  STEADY THROUGH THE MIDDLE OF THE WEEK HEADING THROUGH THE END OF THE WEEK THE RIDGE IS STILL  HOLDING IN THE SOUTHEAST AND WE SEE THE TROUGH DIGGING BACK INTO THE WEST AGAIN BY FRIDAY  AND ON INTO NEXT WEEKEND. YOU CAN STILL KIND OF SEE THAT PATTERN AT SOME POINT THOUGH WE  MAY SEE THIS SUDDENLY START TO DIP INTO THE GREAT LAKES AND THE NORTHEAST THE FOLLOWING  WEEK BUT I'M NOT SURE HOW QUICKLY THAT'S GOING TO HAPPEN IT MAY BE TWO OR THREE WEEKS  BEFORE THAT STARTS TO TRY TO HAPPEN. SO FOR NOW TROUGH IN THE WEST REGION EAST HERE THE  TEMPERATURES THIS WEEK OBVIOUSLY THAT FOLLOWS THE TROUGH IN THE WEST AND THE RIDGE AND EAST  ABOVE NORMAL FOR MOST OF TEXAS. GREAT LAKES UP AND DOWN THE EASTERN SEABOARD AND FROM  THE DAKOTAS RIGHT ON DOWN TO BAJA CALIFORNIA INCLUDING ALL OF THE WEST COAST. THAT SHOULD BE  BELOW NORMAL PRECIPITATION FOR THIS COMING WEEK. THEN I'M GOING ABOVE NORMAL FROM  LOUISIANA. EASTERN TEXAS ALL THE WAY INTO THE GREAT LAKES MID-ATLANTIC NORTHEAST BELOW  NORMAL IN FLORIDA BELOW NORMAL FROM KANSAS NORTHWARD THROUGH MOST OF CANADA. I AM GOING  NORMAL FOR THE SOUTHWEST EVEN THOUGH WE ARE GOING TO SEE SOME OF THAT MOISTURE COMING UP  FROM THE PACIFIC DOESN'T LOOK LIKE A MAJOR STORM SYSTEM COMING. SO WE HAVE A COUPLE OF LITTLE  WINDS COMING SO WE'LL GO NEAR NORMAL FOR YOU I KNOW THAT'S NOT A LOT. SO LET'S HOPE YOU GO A  LITTLE BIT ABOVE NORMAL. THAT WOULD HELP YOU OUT SOMEWHAT ANYWAY HERE THE 30 DAY OUTLOOK  FOR TEMPERATURES OVER THE NEXT MONTH ABOVE NORMAL RIGHT UP AND DOWN THE FAR EASTERN  SEABOARD ESPECIALLY FLORIDA AND ABOVE NORMAL MAINLY FOR MEXICO AND THE FAR SOUTHWEST BUT  BELOW NORMAL FROM NORTHERN OKLAHOMA UP THROUGH THE WESTERN LAKES NORTHERN PLAINS  NORTHERN ROCKIES THROUGH MUCH OF CENTRAL CANADA AS FAR AS PRECIPITATION OVER THE NEXT 30  DAYS AND GOING ABOVE NORMAL ALSO LOUISIANA INTO THE EASTERN LAKES MID-ATLANTIC ABOVE  NORMAL IN PARTS OF THE FOUR CORNER REGION. ALSO THE NORTHWEST WITH BELOW NORMAL THE NORTHERN  PLAINS FLORIDA AND NEVADA IN CALIFORNIA. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A  LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL BAKER CITY OREGON A MIXTURE OF SUNSHINE AND CLOUDS  TODAY HIGH OF JUST 26 DEGREES. RUSSELL KANSAS PARTLY SUNNY AND MUCH CHILLIER HIGH OF 46. AND  FINALLY MANSFIELD OHIO CLOUDY AND BREEZY WITH RAIN AT TIMES HIGHER AROUND 60.

TEASE
WHEN WE COME BACK MACHINERY PETE TALKS ABOUT COMBINE PRICES FROM  THE NATIONAL FARM MACHINERY SHOW IN LOUISVILLE. AND LATER, THE STAGGERING AMOUNT OF FOOD HELPING TO FUEL THE WORLD'S  OLYMPIC ATHLETES. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET.

MACHINERY PETE
MACHINERY PETE SPENT LAST WEEK AT THE NATIONAL FARM MACHINERY SHOW. HE JOINS US THIS MORNING WITH LOOK AT COMBINE SALES. HEY FOLKS MACHINERY PETE HERE REPORTING FROM THE NATIONAL FARMERS MACHINERY SHOW IN  LOUISVILLE. ALWAYS GREAT FUN TO WALK AROUND HERE HOOF IT AND SEE ALL THESE NEW SHINY  EQUIPMENT BUT YOU KNOW ME I'M THINKING USED EQUIPMENT AND USE VALUES NOT ON THE TOPIC OF  COMBINES. SOME INTERESTING THINGS LATELY. AND I'M SEEING SOME VERY STRONG PRICING. LAST  WEEK ACTUALLY A WEEK AGO TUESDAY ON-LINE FARM AUCTION IN MICHIGAN. 2013 JOHN DEERE  S660 ENGINE HOURS ON IT SOLD FOR TWO HUNDRED SIX THOUSAND EIGHT HUNDRED DOLLARS FOLKS.  THAT'S THE HIGHEST AUCTION PRICE I'VE SEEN ON A 13 MODEL S660 IN THIRTY FIVE MONTHS. NOW  WE'VE GOT FRIDAY ON THE RED SIDE. WE SAW THIS 2006 CASE IH 2388 COMBINE SIXTEEN HUNDRED  49 ENGINE HOURS ON IT FOR MARKET IN CENTRAL IOWA ABROAD. 81000 BUCKS. SECOND HIGHEST  AUCTION PRICE I'VE SEEN IN 06 2388 THE LAST 34 MONTHS. SO AGAIN NICE CONDITION THESE YUKON  MINES HAVE BEEN PRETTY STRONG. AND IN FACT IF WE GO BACK TO THE 60S THE AVERAGE AUCTION  PRICE THE LAST 15. 2013 S660 166 THOUSAND THREE HUNDRED NINETY SEVEN BUCKS. AND THE  AVERAGE DEALER AD PRICE IS JUST OVER 188700 SO VERY CLOSE DIFFERENCE BETWEEN THE AUCTION  AND RETAIL PRICE.  OLYMPIC ATHLETES RUN A FINELY TUNED MACHINE TO STAY AT PEAK  PERFORMANCE. 

TEASE
NEXT WE'LL SEE WHAT THEY'RE EATING AT THIS YEAR'S GAMES...NEXT. AGDAY - BROUGHT TO YOU BY PROSARO FUNGICIDE FROM BAYER.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAY. FOOD IS A BIG DEAL FOR OLYMPIANS, AND IT'S USUALLY COMPLICATED. THESE DIETS ARE VERY SPECIFIC, HIGHLY CALIBRATED FUEL TO PUT IN THEIR  BODIES - FOR ENERGY, FOR HEALTH, FOR WARMTH, FOR A PSYCHOLOGICAL AND  PHYSIOLOGICAL EDGE. IT'S A BIG PART OF WHAT MAKES THEM EXCEL. "IT IS SPICIER I THINK THAN YOU TYPICAL FOOD BUT IT'S PRETTY TASTY SO I'D SAY JUST JUMP RIGHT IN."KOREAN FOOD IS SOME OF THE WORLD'S FINEST...BUT IT'S VERY DIFFERENT  FROM WHAT MANY FOREIGN OLYMPIANS ARE USED TO. THE US TEAM HAS ITS OWN CHEFS AND DIETITIANS, AS WELL AS TWO "NUTRITION  CENTERS" AT THE GAMES.  AND THEN THERE'S THE FOOD AT TWO ATHLETES' VILLAGES. NEARLY 500 CHEFS AND COOKING ASSISTANTS PROVIDE A COMBINED 18- THOUSAND MEALS PER DAY. THE AMOUNT OF RAW INGREDIENTS USED EACH DAY TO FEED THE ATHLETES IS  STAGGERING: 15-HUNDRED POUNDS OF BEEF, NEARLY 1000 POUNDS OF EGGS,  440 POUNDS OF BACON, NEARLY 400 POUNDS OF CHICKEN, 7-THOUSAND POUNDS  OF FRUITS AND VEGETABLES, 15,000 PIECES OF BREAD AND 800 PIZZAS. "WHAT I RECOMMEND FOR ATHLETES RIGHT NOW IN COMPETITION MODE IS TO BE AS SAFE AS POSSIBLE. YOU KNOW THIS MIGHT HAPPEN ONCE IN A LIFETIME YOU DON'T WANT TO BLOW IT WITH JUST HAVING AN  UPSET STOMACH CAUSE YOU'VE EATEN SOMETHING THAT'S DIFFERENT TO WHAT YOUR BODY IS USED TO.  SO I SAY AS SOON AS THE GAMES IS OVER: GO AT IT! ENJOY, BE ADVENTUROUS." "THEY ARE TAKING CARE OF US AND WE ARE ABLE TO HAVE PROPER NUTRITION. THERE ARE SO MANY  PEOPLE HERE BEHIND THE SCENES MAKING SURE THAT ALL THE ATHLETES ARE WELL FED AND PREPARED  FOR ALL OF THEIR EVENTS. SO WE'RE SUPER LUCKY AND AS FAR AS KOREAN CUISINE GOES -  IF YOU GUYS  HAVEN'T BEEN TO KOREAN BARBEQUE I TOTALLY RECOMMEND IT."> THE AMERICANS SHIPPED OVER 85 PALLETS, EACH ABOUT SIX FEET TALL AND  THREE FEET DEEP AND WIDE AND FILLED WITH PASTAS, SAUCES, PEANUT  BUTTER, GRAINS AND PLANTS LIKE QUINOA. AN AVERAGE WOMAN WILL NEED 4,000 CALORIES OR MORE PER DAY TO TRAIN  AND COMPETE;  A TYPICAL MAN NEEDS ABOUT 7,000 CALORIES. 

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. 

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