AgDay Daily Recap - February 20, 2018

February 20, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
FEBRUARY 20, 2018

HEADLINES

ARE MOODS CHANGING IN FARM COUNTRY? WE'LL LOOK  AT THE LATEST EQUIPMENT BUYING TRENDS. IN AGRIBUSINESS...LOOKING AT CATTLE MARKETS... WE'LL CHECK ON THE LATEST DAIRY NEWS... AND A MESSAGE FROM TEXAS ABOUT ...OUR FOOD. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

AG EQUIPMENT TRENDS
GOOD MORNING I'M CLINTON GRIFFITHS. THE AG INDUSTRY SEEING SEVERAL POSITIVE STORY  LINES LAST WEEK HELPING TO RAISE MOODS IN FARM  COUNTRY. FROM RISING SOYBEAN PRICES TO AN IMPROVED  RURAL MAINSTREET INDEX...OPTIMISM FOR 2018 IS  GROWING. ACCORDING TO THE ASSOCIATION OF EQUIPMENT  MANUFACTURER'S MONTHLY "FLASH REPORT," JANUARY  U.S. SALES OF TRACTORS ROSE 4 PERCENT IN JANUARY  COMPARED TO A YEAR AGO. AND 4-WHEEL DRIVE TRACTORS JUMPED 21% HIGHER. COMBINE SALES WERE ALSO HIGHER (12%). TYNE MORGAN WAS AT THE NATIONAL FARM  MACHINERY SHOW LAST WEEK AND HAS MORE ON THE  MOODS OF EQUIPMENT MAKERS IN THE NEW YEAR.  THE START OF 2018 SHOWS A CHANGING OF TIDES FOR  THE U.S EQUIPMENT MARKET. <YOU KNOW THE USED EQUIPMENT MARKET SEEMS TO BE COMING  BACK, THE LAST FEW YEARS WE HIT THE WALL I FELT LIKE, AND WE STARTED  SEEING IT IN HARVEST LAST YEAR OF THE COMBACK IN USED  EQUIPMENT> IT'S BETTER THAN EXPECTED SALES OF PLANTERS,  SPRAYERS AND TRACTORS PLAYING OUT ON THIS JOHN  DEERE DEALER LOT.  <IT SEEMS LIKE THE OLDER OTT SERIES TRACTORS OR THE OLDER TRACTORS,  THEIRE VALUES ARE GOING THROUGH THE ROOF> DEERE AND COMPANY'S LATEST EARNINGS REPORT  SHWOING A 23 PERCENT JUMP IN SALES FOR THE FIRST  QUARTER OF HTE YEAR. THE COMPANY  NOW  FOREASTING A NEAR 30 PERCENT INCREASE IN  EQUIPMENT SALES FOR 2018. LOOKING AT JUST AG  EQUIPMENT, JOHN DEERE EXPECTS A 10 PERCENT  BUMP IN BOTH THE U-S AND CANADA.  <I THOUGHT WE WERE STILL MAYBE 12 MONTHS OUT AND THEY'RE  COMING BACK A LITTLE SOONER THAN I THOUGHT> WHILE AG POWER SAYS COMBINE SALES ARE  LAGGING,  NATIONWIDE, DEERE SAYS MORE PEOPLE ARE COMING  TO THE MARKET TO BUY.  <PEOPLE WERE ALREADY CONSIDERING THAT NOW MIGHT BE THE TIME TO  JUMP IN A COMBINE. AND HAVING A NEW MODEL COMBINE WITH NEW  TECHNOLOGY HAS REALLY HLPED PEOPLE MAKE THAT CONFIDENT DECISION  TO BUY NEW FOR 18> THE ASSOCIATION OF EQUIPMENT MANUFACTURERS  REVEALING A SIMILAR TREND. THE LATEST FLASH  REPORT SHOWING AN 11 POINT 7 PERCENT JUMP IN  COMBINE SALES IN JANUARY.  COMPANIES LIKE CASE I-H ARE ALSO EXPERIENCING  THAT  TREND.  <WHEN WE HAVE PRODUCERS LOOKING AT THEIR COMBINE, AND THAT  THEY MAYBE HAVE NOT TRADED BASED ON THE LAST TWO TO THREE YARS,  WHAT' WE'VE SEEN IS THAT UPTICK THOSE CUTOERS WITH ENOUGH HOURS  ON THE MACHINE, THEY WANT THAT MAXIUM UPTIME, DURABILITY,  RELIABILITY, SO THEY'VE ACTUALLY COME IN AND REPLACED THAT MACHINE  OR THEY'RE THINKING ABOUT REPLACING THAT MACHINE> BOSE SAYS SOME PRODUERS ARE STILL OPTING OUT  ON MAKING BIG PURCHASES.  <WE KNEW THAT PRODUERS ARE GETTING TO THE POINT WHERE THEY'RE  GOING TO HAVE TO MAKE SOME TOUGH DECISIONS, WHETHER IT WAS  ACTUALLY REPLACING THE INTERNAL COMPONENTS OF THAT MACHINE OR  THEN LOOKING AT SOME OF HTE NEW FEATURES> NEW FEATURES LIKE A NARROW ROW CORN HEAD,  CATERING TO THE FARMERS CHOOSING TO GO WITH 20  INCH ROWS.  AS AGRONOMIC DECISIONS START TO DRIVE  PURCHASING DECISIONS.  < TRADITIONALLY WHEELS IS THE WAY MANY FOLKS WENT. AND THEN IT  WENT TO TWO TRACS. AND NOW MANY FOLKS ARE LOOKING AT LIKE OUR  9RX NARROW, AND OUR WIDE TO REALLY THINK ABOUT HOW THE  AGRONOMIC IMPACT OF THOSE UNITS CAN REALY HELP THEIR OPERATION> AGCO SAYS THERE ARE TWO MAIN SECTORS THAT  CONTINUE TO BUILD MOMENTUM FOR THE COMMPANY--  THE COMMERICAL HAY AND THE APPLICATION SIDE.  <AND PART OF THAT IS BEING DRIVEN BY SOJE OF THE NEW PRODUCTS  BEING INTRODUCED BUT ALSO BY SOME OF THE ISSUES THAT ARE  CUSTOMERS ARE FACING OUT THERE TODAY > WEBSTER SAYS IT'S NOT JUST AG RETAILERS COMING  TO THE MARKET TO BUY, BUT THE INCREASE IN COTTON  ACRES IS ALSO TRANSLATING INTO MORE SPRAYER  SALES.  THERE'S ALSO EXCITEMENT IN THE HAY MARKET, AS  HAY EXPORTS ARE EXPLODING.  <THAT'S GOOD NEWS FOR OUR COMMERICAL HAY BUSINESS BECAUSE A  LOT OF OUR FARMERS ARE EXPORTING THE PRODUCT.> AGCO JUST INTRODUCING A NEW ULTRA HIGH DENSITY  BALER.  PICTURED HERE IS A CAR THAT WAS CRUSHED INTO THE  SIZE OF A HAY BALE. AND WBSTER SAYS IT'S PROOF OF  HOW THE NEW TECHNOLOGY CAN MAKE BALES MORE  COST EFFICTIVE TOS HIP.  <INCREASED EFFICIENCY IS FROM BALE DENSITY AND IT'S ALSO CRITICAL  THAT YOU CAN MAINTAIN CONSISTENCY IN BALE LENGTH. IF YOU HAVE A  BALE THAT'S 6 INCHES, 3 INCHES TOO LONG, YOU CAN''T GET THE DOORS  CLOSED ON THE CONTAINER> <WE FEEL LIKE MACHINERY SALES ARE GOING TO KEEP TICKING UP. I  MEAN I DON'T WANT TO SAY WE ARE GOING TO HIT THAT BELL CURVE AND  TAKE OFF, PLANTERS AND SPRAYER SALES ARE REALLY STRONG RIGHT  NOW.  > PLATTNER PROJECTS THAT IT WILL TAKE ANOTHER  HARVEST TO CLEAN UP THE EXCESS COMBINES ON THIS  LOT. BUT HE SAYS HE'S OPTIMISTIC THAT HTE SKY IS  THE LIMIT  IN 2018. 

POSSIBLE TARIFFS ON CHINESE METALS
MACHINERY MAKERS ARE WATCHING LAST FRIDAY'S  ANNOUNCEMENT FROM THE COMMERCE DEPARTMENT. IT LAID OUT SEVERAL OPTIONS FOR PRESIDENT DONALD  TRUMP TO CONSIDER, INCLUDING A TARIFF OF AT LEAST  24% ON STEEL IMPORTS FROM ALL COUNTRIES. . CHINA WARNS IT MIGHT RETALIATE IF U.S. IMPOSES  METALS TARIFFS . THE PRESIDENT ALSO RISKS ALIENATING U.S.  INDUSTRIES THAT EITHER RELY ON STEEL AND  ALUMINUM AS INPUTS OR ARE WORRIED ABOUT  RETALIATION--LIKE THE AG INDUSTRY. .U.S. CATTLEMEN HAVEN'T SEEN RETALIATORY TARIFFS  YET AND HOPES TO STAY OUT OF THE FRAY.  <  RIGHT NOW WE HAVEN'T SEEN ANY RAMIFICIATIONS OF  THESE USTR AND WTO CASES WITH CHINA WHICH IS A GOOD SIGN BUT  COULD IT HAVE SOME IMPLICATIONS DOWN THE ROAD? POSSIBLY. WE'RE  GOING TO HAVE TO WATCH THAT VERY CLOSELY. 35"> WOODALL SAYS IT MAY TAKE SOME TIME FOR THE U.S.  BEEF INDUSTRY TO REGAIN CONSUMER'S CONFIDENCE  IN CHINA SINCE THE U.S. HASN'T EXPORTED BEEF TO  THE COUNTRY IN OVER A DECADE.

TPP PUSH
ALSO ON TRADE, THE TRANSPACIFIC PARTNERSHIP-- ISN'T QUITE A DONE DEAL. CANADIAN TRADE LEADERS SAY THEY WON'T RATIFY  THE TRADE PACT UNTIL FALL.  MEANWHILE, SOME GOP SENATORS ARE URGING  PRESIDENT TRUMP TO REJOIN TPP.  THE PRESIDENT PULLED THE U.S. OUT OF THE DEAL  SHORTLY AFTER BECOMING PRESIDENT. BUT RECENTLY SAID HE WOULD CONSIDER REJOINING  THE PACT IF IT COULD BE IMPROVED SUBSTANTIALLY.

NAFTA RENEGOTIATIONS NEXT WEEK
AND ON THE NAFTA FRONT, REGOTIATIONS RESTART NEXT WEEK. THE TRI-LATTERAL DEAL IS JUST ONE OF THE TOPICS PRESIDENT TRUMP WILL DISCUSS WITH THE PRESIDENT OF MEXICO.

THE TWO ARE SET TO MEET IN A COUPLE OF WEEKS. BLOOMBERG SAYS THEY PLAN TO DISCUSS THE RELATIONSHIP BETWEEN THE TWO COUNTRIES AND SEVERAL PENDING ISSUES.

FOR AG--A LOT IS RIDING ON NAFTA -- IT'S A MARKET OF BIG BUYERS FOR U.S. FARMERS AND RANCHERS.  <"WHEN I TALK ABOUT 16 TO 17 BILLION POUNDS BEING EXPORTED, 5 BILLION POUNDS OF THAT, IS GOING TO CANADA AND MEXICO. 42 AND SO, OF OUR EXPORTS, ALL THREE PROTEINS COMBINED, ABOUT A THIRD OF IT IS GOING TO OUR NAFTA TRADE PARTNERS.">

ARKANSAS DICAMBA BAN
 JUDGE IN ARKANSAS TOSSES MONSANTO DICAMBA  SUIT. MONSANTO'S SUIT TO BLOCK THE ARKANSAS  PLANT BOARD FROM BANNING THE USE OF DICAMBA IN  WARM MONTHS WAS TOSSED OUT BY A COUNTY  CIRCUIT COURT JUDGE BASED ON AN ARKANSAS  SUPREME COURT RULING THAT MAKES IT HARD TO SUE  A STATE AGENCY.  "WE ARE DISAPPOINTED IN THE COURT'S DECISION TO  DISMISS OUR LEGAL CHALLENGE OF THE PLANT  BOARD'S RESTRICTIONS, AND WE WILL CONSIDER  ADDITIONAL LEGAL STEPS THAT MIGHT BE  APPROPRIATE," SCOTT PARTRIDGE, WITH MONSANTO,  THE ARKANSAS PLANT BOARD VOTED LAST YEAR TO  PROHIBIT THE USE OF DICAMBA FROM APRIL 16  THROUGH OCTOBER 31 IN A BID TO PREVENT SPRAY  DRIFT FROM DAMAGING OTHER CROPS.

CROP COMMENTS
MIKE HOFFMAN JOINS US NOW WITH A LOOK AT TODAY'S  CROP COMMENTS. MIKE.  GOOD MORNING, CLINTON.  EVEN THOUGH THIS PICTURE OF THE OKLAHOMA  PANHANDLE SUNSET LOOKS PRETTY, GROWERS SAY  THEY ARE IN DESPERATE NEED OF RAIN.  BRAD LYLE, FROM NEAR GUYMON, OKLAHOMA SAYS THE  AREA IS GOING ON 130 DAYS WITH NO MOISTURE. A FEW  FIRES HAVE BEEN OCCURING RECENTLY AS WELL.  THAT AREA IS  RED ON THE DROUGHT MONITOR - THE  LATEST MONITOR SAYS 100 PERCENT OF OKLAHOMA IS  UNDER A DROUGHT. ALMOST 38 PERCENT IS  CONSIDERED EXTREME DROUGHT.  AND OUR NEXT PICTURE COMES BETSY JIBBEN'S  PARENTS IN SOUTHEAST SOUTH DAKOTA,  BETSY'S NIECE, ZADA, <PRONOUNCED ZEY-DUH> IS  HANGING OUT WITH HER GRANDPA AND GRANDMA AT  THE CATTLE AUCTION. WE MAY HAVE A FUTURE  REPORTER ON OUR HANDS, SHE'S TAKING NOTES FROM  THE SALE BARN.  ​AND TAKING A LOOK AT THE WEATHER MAP TODAY THE WINDSPEED FORECAST SHOWING FROM THE LOWER LAKES OHIO VALLEY RIGHT ON INTO ARKANSAS AND OKLAHOMA A LITTLE BIT ON THE WINDY SIDE AND THAT'LL CONTINUE REALLY OFF AND ON THROUGH THE DAY. IT ALSO PICKS UP IN PARTS OF NEW MEXICO. CHECK IT OUT TOMORROW YOU CAN SEE IT'S NOT QUITE AS WINDY DAY IN A LOT OF IT WILL BE SOUTHERN PLAINS INTO THE NORTHEAST AS WE HEAD THROUGH THE DAYTIME HOURS. NOW IT WILL BE TAKING A LOOK AT YOUR FORECAST COMING UP IN JUST A FEW MINUTES BUT FIRST HERE ARE SOME HOMETOWN TEMPS.

TEASE
WHEN WE COME BACK WE'LL LOOK AT CATTLE  MARKETS. AND LATER, A MESSAGE ABOUT OUR FOOD...FROM THE  TEXAS FARM BUREAU.

AGRIBUSINESS
MARKETS WERE CLOSED MONDAY DUE TO THE  PRESIDENTS DAY HOLIDAY. BUT ONCE THEY REOPEN WE'LL CONTINUE TO WATCH  FOR STRENGTH IN THE CATTLE TRADE.

TYNE MORGAN HAS MORE FROM THE ROAD. HERE NOW CHIP NELLINGER A BLUE REEF AGROMARKETING CHIP. LOOKING  AT THIS GROWING CATTLE HERD YOU KNOW WHEN I TALKED TO YOU LAST.  LOOKING AT YOU THOUGHT WE WOULD SEE THESE FAVORABLE PRICES  THROUGH SPRING. KNOWING WHAT WE KNOW NOW ON EXACT NUMBERS  WHAT ARE YOUR THOUGHTS ON THESE CATTLE PRICES. WELL IT HASN'T  CHANGED MUCH. WE KNOW WE'VE KIND OF GOT THIS WINDOW HERE  WHERE THERE'S A LITTLE BIT OF A HOLE. DEMAND IS REALLY REALLY STRONG  RIGHT NOW THE FEEDLOTS KIND OF HAVE THE UPPER HAND AND PACKERS  ARE A LITTLE BIT SHORT BOUGHT. SO FOR THE TIME BEING REALLY HELPED  US OUT AND GIVING US A CHANCE TO RALLY. BUT THE ISSUE IS THAT  EVERYBODY KNOWS THE LAST FIVE OR SIX CATTLE ON FEED REPORTS BIG  NUMBERS THEY'RE OUT AHEAD OF US THIS SUMMER AND INTO FALL. AND  YOU KNOW THAT'S GOING TO HOLD US BACK A LITTLE BIT. SO WE'RE GOING  TO HAVE TO REALLY SHARPEN OUR PENCIL ON THESE DEFORD'S FROM THAT  JUNE ON IT'S GOING TO GET REALLY DICEY. SO YOU THINK THAT WHEN WE  START TO SEE SOME PRESSURE PRICES I THINK THAT SHE COULD FOR SURE  BUY SAY MAY. TYPICALLY AS YOU GET INTO THIS MARCH TIMEFRAME YOU  HAVE SOME YOU KNOW SOME SOME TAILWINDS FROM FROM BETTER BOX  BEEF PRICES AND A SEASONAL SURGE HIGHER IN CASH. I THINK WE CAN  SEE THAT STILL THAT ONCE THAT WINDOW PASSES AS IT DID. I'M NOT  SAYING WHEN A DROP LIKE A ROCK. BUT THERE'S REALLY GOING TO BE  SOME HEADWINDS WITH THOSE BIG NUMBERS COMING EVEN IF THESE  DEMAND NUMBERS STAY STAY WHERE THEY ARE. WELL IT'S DEFINITELY  HELPING IN THE DROP IN THE DOLLAR I THINK WILL HELP THAT. BUT YES I  THINK THAT'S THE FEAR IN THE MARKETPLACE. AND AGAIN IT DOESN'T  MEAN THAT WE HAVE TO JUST FALL APART BUT IT PROBABLY MEANS WE'RE  NOT GOING TO HAVE A CHANCE TO AS GOOD A CHANCE TO PUSH UP INTO  THE 30S AND NORTH ON THESE DEFERRED LIKE THE JUNE IN THE AUGUST.  ALL RIGHT CHIP THANK YOU SO MUCH WE APPRECIATE IT. WAY TO TAKE A  QUICK BREAK AND THEN WE'LL BE BACK WITH A CHECK OF WEATHER HERE  ON AGDAY.

WEATHER
WELCOME BACK TO AGDAY HERE WITHMETEOROLOGIST MIKE HOFFMAN MIKE IT'S THAT TIME OF YEAR WHERE WE START TO REALLY PAY ATTENTION TO WHAT'S HAPPENING PRECIPITATION WISE AND IT SEEMS LIKE THE HAVES AND HAVE NOTS. YEAH CASES PLACES THAT NEED IT AREN'T GOING TO GET IT. PLACES THAT DON'T NECESSARILY NEED IT. GOING TO GET PROBABLY TOO MUCH OF IT. BASICALLY THIS MORNING WE HAVE A STREAM OF MOISTURE FROM EASTERN TEXAS ALL THE WAY THROUGH THE GREAT LAKES INTO THE NORTHEAST PRODUCING A LOT OF RAIN AND IT'S NOT GOING TO MOVE A LOT OVER THE NEXT 24 HOURS. BUT LET'S PUT THE MAPS INTO MOTION. IT DOES SNEAK ITS WAY EASTWARD A LITTLE BIT BUT YOU CAN STILL SEE BY LATER TODAY IT'S NORTHEAST TEXAS ON UP INTO THE GREAT LAKES INTO THE NORTHEAST THE SNOW ACROSS THE NORTHERN PLAINS COMES TO AN END AS HIGH PRESSURE BUILDS IN THIS WESTERN SYSTEM REALLY JUST DIVING DOWN THE COAST WITH THE PATTERN AS YOU'LL SEE IN THE JET STREAM COMING UP. THAT'S NOT COMING INLAND ANY TIME SOON. AND YOU CAN SEE BY TOMORROW MORNING WE STILL HAVE MOISTURE FROM EASTERN TEXAS INTO THE EASTERN GREAT LAKES AND INTO THE NORTHEAST AND BY LATER IN THE DAY IT DOES FINALLY START TO MOVE EASTWARD IS MAINLY LOUISIANA. SOUTHEAST TEXAS INTO NORTHERN MISSISSIPPI ON UP THAT SYSTEM A LITTLE BIT OF SNOW IN THE HIGHER ELEVATIONS OUT WEST AND A LITTLE BIT OF RAIN ALONG THE COAST BUT HERE'S THE PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS. WE'VE ALREADY SEEN TWO TO THREE INCH AMOUNTS LOWER LAKES BACK INTO PARTS OF THE MISSISSIPPI RIVER VALLEY ADDING IN THE NEXT 36 HOURS. OUR COMPUTER MODEL ACTUALLY PUTS DOWN EIGHT OR NINE INCHES IN CENTRAL PORTIONS OF ARKANSAS WITH HEAVY AMOUNTS REALLY UP AND DOWN THAT AREA FROM EASTERN TEXAS ALL THE WAY INTO THE LOWER GREAT LAKES SOME OF THOSE AREAS DEFINITELY GOING TO HAVE FLOODING ESPECIALLY WHERE THE GROUND IS FROZEN. SNOWFALL ESTIMATES PAST 24 HOURS MAINLY FROM CENTRAL COLORADO INTO THE NORTHERN PLAINS AND THAT'S ABOUT WHERE WE'RE GOING TO ADD A LITTLE BIT MORE. WE'LL HAVE SOME MORE ALSO IN PARTS OF THE WESTERN PORTIONS HIGHER ELEVATIONS OF OREGON AND NORTHERN CALIFORNIA. LOOK AT THE DIFFERENCE IN TEMPERATURES THIS AFTERNOON IN SINGLE DIGITS NORTHERN PLAINS 80 BY THE TIME YOU GET TO LOUISIANA AND SOUTH TEXAS LOW TEMPERATURES TONIGHT AND JUST KIND OF SEE THAT COLD FRONT MOVING DROPPING RIGHT ALONG THE FRONT. BUT MINUS 10 MINUS 12 IN THE NORTHERN PLAINS STAYING IN THE 70S ALONG THE GULF COAST AND WE HAVE MORE OF THE SAME TOMORROW ALTHOUGH THE FRONT DOES CONTINUE TO PUSH SOUTHEAST FOR IT ALL BECAUSE OF THE JET STREAM BIG RIDGE OVER THE SOUTHEAST TROUGH OUT WEST. WE KEEP SEEING PIECES OF ENERGY DRIVING IT OUT WEST. SO IT LOOKS LIKE OUR OVERALL PATTERN IS KIND OF STAYING THE SAME AS WE HEAD INTO NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL CEDAR CITY UTAH A GOOD DEAL OF SUNSHINE AND COLD HIGH OF 29 DEGREES. ABERDEEN SOUTH DAKOTA VERY COLD WITH LIGHT SNOW HIGH OF ONLY 11 LOW OF MINUS 15. BY THE WAY RICHMOND INDIANA WINDY AND WARM MAYBE A SHOWER OR THUNDERSHOWER HIGH OF 70. ​

TEASE
NOW THAT CONGRESS MADE CHANGES TO THE MARGIN  PROTECTION PROGRAM SHOULD DAIRY PRODUCERS  TAKE ANOTHER LOOK? WE'LL TALK ABOUT IT NEXT ON OUR DAIRY REPORT. AND LATER, A MESSAGE FROM TEXAS FARMERS AND  RANCHERS ABOUT THE FOOD THEY GROW.

DAIRY REPORT
IT APPEARS CONGRESS' CHANGES TO THE REVISED  DAIRY MARGIN PROTECTION PROGRAM - ALSO KNOWN  AS MPP - COULD BE WORTH A SECOND LOOK. . ACCORDING TO A PAPER FROM TWO ACADEMICS,   SMALLER PRODUCERS COULD SEE SOME RISK  MANAGEMENT DUE TO REDUCED PREMIUMS, NEW   MONTHLY CALCULATIONS AND WEAK MILK FUTURES  PRICES IN 2018. . THE TWO SAY IT'S MUCH MORE LIKELY MARGIN  PAYMENTS WILL BE TRIGGERED IN TIME OF LOW  VOLATILE MILK PRICES. SPEAKING OF PRICES AND PRODUCTION, OUR  PARTNERS AT MILK MAGAZINE SAY EUROPE IS PUSHING  SURPLUS SUPPLIES ONTO THE WORLD MARKET. THE U.S. DAIRY EXPORT COUNCIL WROTE THAT WORLD  DAIRY DEMAND CAN ONLY SUPPORT MILK PRODUCTION  GROWTH FROM THE MAJOR EXPORTERS OF ABOUT 1.5%  A YEAR.  IN THE SECOND HALF OF 2017, THE GROWTH RATE  FROM THE EU-28, UNITED STATES, NEW ZEALAND,  AUSTRALIA AND ARGENTINA WAS ABOUT DOUBLE THAT.  BUT THE EXPORT COUNCIL SAYS NEARLY ALL OF THAT  SURPLUS GROWTH IS COMING FROM EUROPE.  MODEST PRODUCTION GROWTH—AROUND 1  PERCENT—IS EXPECTED IN THE U.S. FOR 2018. U.S. IMMIGRATION REFORM IS SPUTTERING AT BEST ACCORDING TO WASHINGTON WATCHERS.  THE SENATE APPEARING TO BE AT A STALEMATE-- FAILING TO AGREE ON SEVERAL ITERATIONS LAST  WEEK. MEANWHILE, IN THE HOUSE, REPUBLICAN LEADERS ARE  TRYING TO GARNER SUPPORT FOR ITS OWN  LEGISLATION.  WHILE MORE COMPREHENSIVE, THE HOUSE MEASURE  DOES NOT YET HAVE ENOUGH SUPPORT TO PASS, AND  EVEN IF IT DOES, ANALYSTS SAY IT'S LIKELY TO  STRUGGLE IN THE SENATE.

TEASE
WHEN WE COME BACK, THE POLITICS OF FOOD...AND AN  ANSWER FROM TEXAS FARMERS AND RANCHERS ABOUT  THE WORK THEY DO.

IN THE COUNTRY
FOOD IS A GREAT ADVANTAGE FOR OUR COUNTRY. IT'S ABUNDANT AND PLENTIFUL. AND YET THERE ARE SO MANY DISAGREEMENTS  AROUND WHAT WE EAT. TODAY THE TEXAS FARM BUREAU HAS RELEASED A  VIDEO CALLED-- OUR FOOD-- WE'RE IN THIS TOGETHER. TAKE A WATCH. I'M A FARMER. I'M A RANCHER. I'M A PARENT, A SPOUSE, COMMUNITY  LEADER, FRIEND, AND CONSUMER. MY PASSION IS TO GROW FOOD AND FIBER THAT'S SAFE, HEALTHY,  WHOLESOME, AND AFFORDABLE FOR YOUR FAMILY AND FOR MINE. I'M NOT GOING TO TELL YOU WHAT TO EAT. I'LL GROW WHAT YOU WANT TO  EAT. BUT WE DON'T THINK YOUR FOOD SHOULD BE A POLITICAL STATEMENT.  IT SHOULDN'T BE ABOUT FURTHERING AN AGENDA OR SPREADING FEAR AND  MISINFORMATION. IT'S TOO IMPORTANT FOR THAT.WHEN SOMEONE TRIES TO SCARE YOU WITH STORIES ABOUT YOUR FOOD,  IT'S TIME TO ASK QUESTIONS TO SEPARATE TRUTH FROM FICTION. MY FAMILY HAS BEEN GROWING FOOD FOR YOUR FAMILY FOR GENERATIONS.  I CARE FOR THE ENVIRONMENT, THE SOIL AND THE WATER. IT'S MY LIFE.  TODAY'S FARMING TECHNIQUES MEANS I USE LESS. LESS WATER, FEWER  CHEMICALS, LESS FUEL. SMALLER CARBON FOOTPRINTS. MODERN  AGRICULTURE IS THE ESSENCE OF SUSTAINABILITY. WHAT WE DO ON THIS LAND MEANS JOBS FOR AMERICA. IT MEANS  SAFETY, SECURITY, AND A STRONG ECONOMY. GROWING OUR OWN FOOD  MAKES US MORE SECURE. YOU CAN HAVE YOUR FOOD HOWEVER YOU  WANT IT. ORGANIC OR CONVENTIONAL, FROM A FARMERS MARKET TO A  MODERN GROCERY STORE. ALL EQUALLY HEALTHY AND JUST AS SAFE. NOW  THAT'S FREEDOM. MY FAMILY LIVES HERE ON THE LAND. THEY EAT WHAT WE GROW. WE  WOULDN'T FEED YOU SOMETHING I WOULDN'T FEED OUR KIDS. IT'S MY  LIVELIHOOD. IT'S MY DREAM, BUT IT'S OUR FOOD. I FARM FOR MY FAMILY  AND FOR YOURS. I AM A FARMER. I AM A RANCHER. I FACE ADVERSITY JUST LIKE YOU. WE  HAVE A CONNECTION, YOU AND I. WE'RE CONNECTED BY OUR FOOD. IF  YOU WANT TO KNOW MORE, JUST ASK ME. WE'RE IN THIS TOGETHER. A MESSAGE FROM THE TEXAS FARM BUREAU TO START  YOUR MORNING.

CLOSE
THAT'S ALL OF OUR TIME TODAY. WE'RE GLAD YOU  TUNED IN.  FOR MIKE HOFFMAN, AND TYNE MORGAN. I'M CLINTON  GRIFFITHS. HAVE A GREAT DAY. 

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