AgDay Daily Recap -February 23, 2017

February 23, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
FEBRUARY 23, 2017


HEADLINES
MILK PRODUCTION TALLYS FROM 2016 ARE SETTING UPSOLID START FOR A NEW YEAR. IN AGRIBUSINESS...MAKING OUT CATTLE MARKETS. COUNTING UP THE FEEDER CATTLE POTENTIAL FOR  2016. AND MEGA MINES DEEP BELOW NEW YORK'S FARM COUNTRY ARE HELPING KEEP CARS ON THE ROAD THIS  WINTER. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

DAIRY PREPPING FOR BIG YEAR
GOOD MORNING I'M CLINTON GRIFFITHS. AMID A FARM BILL HEARING AND USDA'S ANNUAL  OUTLOOK FORUM, THE DAIRY INDUSTRY TURNS TO 2017  PREPARED FOR ANOTHER BIG YEAR. USDA RELEASING THE FINAL TALLY FROM 2016 -- IT'S 212  BILLION POUNDS--THAT'S NEARLY 2 (1.8%) PERCENT  HIGHER THAN 2015. PRODUCTION PER COWS APPROACHING THAT 23- THOUSAND POUND AVERAGE (22,774 LBS./COW) FOR THE  YEAR--NEARLY 400 (378) POUNDS HIGHER THAN 2015. IT'S A FIGURE THAT'S NOW GROWING AT NEAR 13  PERCENT A YEAR. NOW COMPARING JANUARY 2016 TO JANUARY THIS  YEAR.. CALIFORNIA WON THE RACE IN TERMS OF TOTAL  PRODUCTION--BUT TEXAS HAD THE LARGEST ONE YEAR  INCREASE--UP NEARLY 20 (19.2%) PERCENT. NEW  MEXICO GREW 15 PERCENT. THE MILK COW HERD ALSO GROWING IN 2016 BUT JUST  SLIGHTLY. (9.33 MILLION HEAD UP 0.2%) ANALYSTS SAY DESPITE THE GROWTH, PRICES SHOULD  HOLD IF NOT INCREASE SLIGHTLY. "IT LOOKS LIKE PRESSURE ON MILK PRICES WILL KEEP THE FUTURES PRICES GOING STEADY WITH SOME CONTINUED DECREASES IN THE LAST FOUR BUTTER PRICES. LOOKING AHEAD, WE EXPECT THE MILK PRICES ACCORDING TO THE FURTURES TO REACH THE UPPER 16 DOLLAR RANGE THROUGH MAY OF THIS YEAR AND EXCEEDING 17 DOLLARS FOR MUCH OF THEREST OF THE YEAR. THAT SHOULD RESULT IN A HIGHER MILK PRICE, ABOUT $1.80 HIGHER THAN THE AVERAGE MILK PRICE FOR 2016." WHILE PRODUCTION IS EXPECTED TO REMAIN HIGH IN  THE U.S. -- MILK IS FORECAST LOWER IN OTHER PARTS  OF THE WORLD.

NATIONAL ETHANOL CONFERENCE
THE NATIONAL ETHANOL CONFERENCE IN CALIFORNIA  GETTING SUPPORT FROM THE WHITE HOUSE.  TUESDAY, PRESIDENT TRUMP SENDING A LETTER OF  SUPPORT TO ATTENDEES. IT SAYS QUOTE "REST ASSURED THAT YOUR PRESIDENT  AND THIS ADMINISTRATION VALUE THE IMPORTANCE OF  RENEWABLE FUELS TO AMERICA'S ECONOMY AND TO  OUR ENERGY INDEPENDENCE."  ADDING THAT HIS TEAM IS LOOKING FORWARD TO  WORKING WITH THE RENEWABLE FUELS ASSOCIATION  AND MANY OTHERS, TO IDENTIFY AND REFORM THOSE  REGULATIONS THAT IMPEDE GROWTH,  BOB DINEEN SAYS THOSE WORDS ARE COMFORTING TO  HEAR. AND HAVING SUCH A STRONG UNAMBIGUOUS  EXPRESSION OF HIS CONTINUED SUPPORT FOR THIS INDUSTRY AGENDA NOT JUST ON THE RFS BUT VERY  SPECIFICALLY ON THE REGULATORY REFORMS WE  WOULD LIKE TO SEE I THOUGHT WAS JUST  PHENOMENAL  MEANWHILE, THE OVERSEER OF THE RFS--SCOTT  PRUITT HOLDING AN EMPLOYEE MEETING WITH HIS NEW  STAFF AT EPA. HE LAID OUT HIS VISION AND DIRECTION FOR THE  AGENCY. FARM GROUPS HOPE HE'LL BRING BETTER  COMMUNICATION AND A CLOSER WORKING RELATIONSHIP TO AGRICULTURE. THERE ARE ALREADY REPORTS A REWRITE OF THE  WATERS OF THE U.S. RULE IS HIGH ON THE PRIORTIY  LIST.

DAPL PROTESTS END
AN ENVIRONMENTAL PROTEST COMES TO AN END  WEDNESDAY IN NORTH DAKOTA..AMID A FLURRY OF  FLAMES. DAKOTA ACCESS PIPELINE PROTESTERS ARE  CEREMONIALLY BURNING SOME OF THEIR LIVING  STRUCTURES AHEAD OF THE CLOSURE OF THEIR  LONGSTANDING CAMP. SOME 200 TO 300 PROTESTERS REMAIN AT THE CAMP  NEAR THE STANDING ROCK SIOUX RESERVATION.  THE PROTESTERS SAY THE FIRES ARE PART OF THE  CEREMONY OF LEAVING. THE ARMY CORPS OF ENGINEERS ORDERED THE CAMP  CLOSED WEDNESDAY, CITING THE POTENTIAL FOR  SPRING FLOODING. NOW OFFICIALS ARE RACING TO TRY AND CLEAN UP  TRASH AND WASTE LEFT AT THE SITE BEFORE THE SPRING THAW.

FARM BILL HEARINGS
AS THE FIRST 2018 FARM BILL HEARING TAKES PLACE  THIS WEEK IN KANSAS, A GROUP OF MORE THAN 500  STAKEHOLDERS ARE WRITING TO LAWMAKERS ASKING  THEM NOT TO CUT FUNDING. THEY SAY THE LAST FARM BILL CONTRIBUTED $23  BILLION IN SAVINGS TO DEFICIT REDUCTION OVER 10  YEARS AT THE TIME OF PASSAGE. THAT WAS THE FIRST TIME SPENDING FOR A FARM BILL  WAS VOLUNTARILY REDUCED BEFORE CONGRESS EVEN  BEGAN CONSIDERING THE MEASURE.  THE LETTER POINTS OUT THAT U.S. FARM INCOME HAS  DECLINED 46 PERCENT FROM THREE YEARS AGO. 

PORK EXPORTS CONTINUE TO GROW
GOOD NEWS FOR PORK PRODUCERS AS EXPORTS  CONTINUE TO GROW. THE NATIONAL PORK BOARD IS INCREASING ITS FOCUS  ON INTERNATIONAL MARKETS IN 2017.  LAST YEAR THE INDUSTRY EXPORTED 5.1 BILLION  POUNDS OF PORK AND VARIETY MEATS WORTH NEARLY   $6 BILLION DOLLARS. NOW WITH MORE PORK AVAILABLE -- THANKS TO  INCREASED PRODUCTION, THE NATIONAL PORK BOARD  IS APPROVING A NEAR 13 PERCENT INCREASE IN  FUNDING TO PROMOTE PORK IN EXPORT MARKETS. <I THINK WE'RE GONG TO SEE INCREASED EXPANSION IN THIRD AND  FOURTH QUARTERS. NUMEBRS ARE COMING UP. TEH MARKET IS NOT  RALLYING BECAUSE OF ANY, I THINK IT'S FUNDAMENTAL EXPECTATION OF  GROWING DEMAND. WE ARE ALREADY AT $80 IN THE SUMMER MARKETS,  I THINK WE'RE AT VALUE LEVELS THAT'S GOING TO BE HARD. AND  SEASONALLY WE'RE COMING TO A WEAKER TIME OF HTE YEAR, AND THE  MARKET CONTINUES TO RALLY, THAT REALLY BOTHERS ME> UTTERBACK SUGGESTS THAT COME SUMMER, MORE  PRODUCTION COULD START WEIGHING ON PRICES.

POULTRY PRICE INDEX
IN POULTRY, THE GEORGIA DEPARTMENT OF AG SAYS  ITS PREMIUM POULTRY PRICE INDEX WILL NOT BE  PUBLISHED DUE TO A LACK OF AVAILABLE DATA.  THE INDEX WAS THE DEPARTMENT'S ANSWER TO THE  SUSPENDED GEORGIA DOCK POULTRY PRICE  DISCOVERY SYSTEM, WHICH HAD COME UNDER  SCRUTINY DUE TO HOW HIGH ITS PRICES HAVE BEEN  COMPARED TO OTHER PRICING INDEXES.  ADDITIONALLY, LAWSUITS ACCUSING THE INDUSTRY OF  PRICE FIXING HAVE CAUGHT THE ATTENTION OF THE  SECURITIES AND EXCHANGE COMMISSION. IT'S NOW DOING ITS OWN INVESTIGATION INTO THE  ALLEGATIONS.

CROP COMMENTS
WHILE SOME WELCOME THESE WARMER  TEMPERATURES, OTHERS IN THE FRUIT INDUSTRY ARE  CONCERNED.  MIKE HOFFMAN HAS AN UPDATE IN CROP COMMENTS.  <MIKE HOFFMAN SPEAKS> GOOD MORNING, CLINTON.  LET'S START OFF IN SOUTHWEST MICHIGAN,  PRODUCE FARMERS ARE WATCHING THE WARM  WEATHER VERY CLOSELY.  TEMPERATURES ARE WARMING UP IN THE 60S WITH THE  POTENTIAL OF SNOW THIS WEEKEND.  THOSE FARMERS HOPE STONE FRUIT - LIKE APPLES -  DON'T GO OUT OF DORMANCY EARLY AND START TO  BUD.  WE'LL HAVE THAT STORY WITHIN THE NEXT COUPLE OF DAYS ON AGDAY.  AND IN SIOUX FALLS SOUTH DAKOTA....  ONE FARMER IN THE AREA SAID TEMPERATURES WERE  IN THE 60S EARLIER IN THE WEEK. IT WAS A NICE TIME  TO MOVE SOME GRAIN! HOWEVER, THAT'S CHANGED. TEMPERATURES ARE DROPPING- SNOW IS ON THE WAY.  AND NOW HERE ARE SOME HOMETOWN TEMPS.  (  AGDAY - BROUGHT TO YOU BY RESICORE HERBICIDE FOR CORN.  WITH A  UNIQUELY POWERFUL FORMULATION OF PROVEN INGREDIENTS, RESICORE  GIVES YOU EXTRAORDINARY POWER OVER WEEDS. LEARN MORE AT POWEROVERWEEDS.COM. )

TEASE
ALRIGHT WHEN WE COME BACK WE'LL LOOK AT CATTLE  MARKETS AND WHAT TO MAKE OF PRICES DURING  THESE COLDER MONTHS. AND LATER, DESPITE THE WARM UP--SOME PARTS OF  THE COUNTRY STILL NEED SALT TO KEEP ROADS CLEAR. WE'LL TRAVEL DEEP BELOW NEW YORK'S FARM  COUNTRY FOR A TOUR OF A MEGA MINE.

FLOOR OF THE CME
IN AGRIBUSINESS LETS CHECK ON WEDNESDAY'S  MARKETS -- WE HEAD TO THE FLOOR OF THE  CME IN  CHICAGO. WEDNESDAY'S LIVESTOCK, PRETTY STRANGE PICTURE  WE HAVE HERE. IT OPENED LOWER ACROSS THE  BOARD. HOGS CONTINUE TO GO LOWER AND CATTLE  LIKE FAT CATTLE RALLIED BIG AND FEEDER CATTLE I  THINK ARE TAKING A NAP. OVERALL AS WE SEE IT, FAT   CATTLE DRIVING HIGHER. I THINK WE'RE SEEING A REAL  SQUEEZE BETWEEN THE EXPIRATION OR ROLLOVER  FROM FEBRUARY TO APRIL. HOGS I THINK AS I SAID LAST WEEK, I THINK THE TOP IS IN AND WE'RE DOWN ABOUT TWO BUCKS TODAY. I THINK  WE CONTINUE TO GO DOWN PROBABLY ANOTHER 10  TO  12 PERCENT DOWNWARD MOVEMENT IN THE HOG  MARKET.  WEDNESDAY'S GRAINS WE SEE A WHOLE BUNCH OF  NOTHING. WE SEE MARKETS RELATIVELY FLAT ON BOTH  SIDES LOOKING TO MAKE A DECISION. PART OF WHAT  WE HAVE GOING ON IS THE MARKETS ARE GOING TO  ROLL OVER WITH EXPIRATION AND OPTIONS.  LET'S SEE HOW IT TRADES OUT. EASIER TO BE MORE ON  THE OBSERVATION THAN THE CONSERVATIVE SIDE  HERE WAITING TO SEE IF WE CAN DEFINE SOME LEVELS.  THAT'S THE WAY I SEE IT, THIS IS TODD HOROWITZ  FROM BUBBATRADING.COM, COMING TO YOU FROM THE  CME GROUP IN CHICAGO. 

AGRIBUSINESS
LAST WEEK IN LOUISVILLE TYNE MORGAN CAUGHT UP  WITH ONE ANALYST FOCUSED ON CATTLE PRICES  HEADING INTO SPRING. HERE NOW OUR CHIP NELLINGER BLUE REEF AGRIMARKETING CHIP LET'S  DIVE INTO THIS CATTLE MARKET I MEAN WE KNOW THE HERD IS  EXPANDING. BUT DO YOU THINK WE'RE STARTING TO TOP OUT ON THAT  EXPANSION OR IS THERE MORE ROOM TO GROW NO I I THINK THAT WE ARE  TAPPED OUT A LITTLE BIT. THE LAST CATTLE ON FEED REPORT HAD JUST BEING  BIG PLACEMENTS IN THE OF THE DEFERRED CATTLE FUTURES ARE KIND OF  REFLECTING THAT THERE 'S HUGE DISCOUNTS WITH THIRTEEN SIXTEEN DOLLAR  DISCOUNTS IN THE DEFERRED FUTURE SO THAT SOMEWHAT IN THE IN IN THE  MARKET ALREADY I THINK IT'S JUST A CYCLICAL NATURE AND AND JUST LIKE  EIGHT DOLLARS CORN IN A FEW YEARS AGO RECORD HIGH CATTLE PRICES  AND YOU KNOW WE'RE STILL GOING TO SEE THE EFFECTS OF THAT FOR A  WHILE AND IT 'S A BIG DROP IT WAS GREAT WHILE WAS HERE BUT NOW  THERE'S A PAIN AND CONTRACTION IN THAT INDUSTRY SO LOOKING AT  TWENTY SEVENTEEN OVERALL DO YOU THINK WE HIT THE CATTLE HIGH IN  THE COMING MONTHS IN SPRING IN THE SUMMER MEAN WHEN YOU  THINK WILL POSSIBLY HIT A HIGH IN THIS MARKET I THINK SPRING COULD  STILL BE A VERY GOOD TIMEFRAME. SEASONALLY OVER A LONG TIME  FRAME YOU HAVE SINCE SPRING HIGHS IN APRIL MAY TIME FRAME  DOESN'T MEAN THE SHORT RUN WE WON'T SEE ANOTHER THREE FOUR  DOLLARS LOWER BUT THERE SHOULD BE A CUT OF THE WHOLE OF  PRODUCTION COMING THAT GIVES US A NICE SPRING RALLY IN APRIL MAY  AND THEN WE'VE GOT. SOME ISSUES AS YOU GET OUT INTO THE  SUMMER AND FALL TIME AND EXPORT DEMAND HAS BEEN A SHINING  STAR. WE HAVE SOME QUESTIONS ON WHAT SOME OF THESE TRADE  NEGOTIATIONS MEAN FOR EXPORTS SO ARE YOU FEARFUL THAT THAT COULD  PUSH US LOWER WELL IT COULD GET CAUGHT UP IN THAT IT SHOULD BE.  YOU KNOW I I GUESS THAT THE LEAST AFFECTED BECAUSE OF THE  DIVERSITY OF THEIR EXPORTS AND THEN ALLOW THOSE EXPORTS ARE GOING.  YOU'RE NOT IN CHINA AND IN MEXICO THAT'S THE HOT BUTTON ON THE  GRAIN SIDE SO I THINK THAT 'S GONNA BE THE SHINING STAR IN AND  REALLY IN OUR AGRICULTURAL SECTOR THERE ISS REALLY STRONG. WORLD  DEMAND THAT 'S A GOOD THING ALL RIGHT THANKS SO MUCH CHIP  NELLINGER STAY WITH US BACK WITH MORE AGDAY IN JUST A MOMENT. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT  LOVELAND PRODUCTS.COM SLASH RADIATE.  SEE YOUR CPS DEALER TODAY.

WEATHER
ADD STRATEGO YIELD FUNGICIDE AT THE EARLY SEASON RATE TO YOUR  POSTEMERGENCE HERBICIDE TANK MIX. YOU'LL GET HEALTHIER FIELDS,  HIGHER YIELDS AND A HIGHER RETURN ON INVESTMENT.  ) 0WELCOME BACK TO AGDAY METEOROLOGIST MIKE  HOFFMAN MIKE WE'VE HAD SOME UNSEASONABLY  WARM WEATHER THROUGH THE MIDDLE OF THE  COUNTRY BUT MAYBE THAT'S CHANGING A LITTLE BIT  HERE IT IS AT LEAST GOING TO BE GOING BACK AND  FORTH FOR AWHILE HERE NOT THIS LONG PERIOD OF  WARM WEATHER I DON'T THINK THERE'S ANY QUESTION  ABOUT THAT IN FACT THE NORTHERN PART OF THE  LOWER FORTY EIGHT ALREADY STARTING TO TURN  COLDER WITH THAT HIGH PRESSURE KIND OF MOVING  EASTWARD SO IT'S NOT COMING REAL FAR SOUTH HERE  BECAUSE THIS SYSTEM IS CUTTING UP INTO THE  WESTERN LAKES AND THAT WILL KEEP IT MILD FOR  MOST OF ILLINOIS INDIANA AND INTO OHIO OVER THE NEXT FEW DAYS BUT THIS IS SOME HEAVY SNOW  COMING OUT OF WYOMING INTO NEBRASKA AND PARTS  OF SOUTH DAKOTA YOU CAN SEE THAT WESTERN NEXT  WESTERN STORM KIND OF FALLING APART IT'S NOT  NEARLY AS STRONG AS THE LAST FEW ALTHOUGH THAT ONE DOESN'T LOOK TO BAD AS WE HEAD INTO THE  WEEKEND THAT WILL BE DIVING SOUTHWARD ALONG  THE COAST THIS LITTLE AREA OF LOW PRESSURE  THAT'S BEEN AFFECTING FLORIDA THE PAST FORTY  EIGHT HOURS FINALLY MOVING AWAY BY TOMORROW  MORNING AND YOU CAN SEE SOME RAIN INTO THE  SOUTHERN GREAT LAKES BY MORNING AS WE HEAD  INTO THE AFTERNOON WE ARE EXPECTING SOME  THUNDERSTORMS POSSIBLY HEAVY OR SEVERE IN  PLACES DEVELOPING OUT AHEAD OF THAT COLD FRONT  THAT'S SOMETHING WE'LL HAVE TO WATCH OTHERWISE  JUST SCATTERED SNOW SHOWERS IN THE WEST AGAIN  WITH THAT NEXT SYSTEM AFFECTING THE  NORTHWESTERN COAST LINE AND TAKING A LOOK AT  PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS  MOSTLY FLORIDA IS SEEING THE HEAVIER AMOUNTS  ADDING THE NEXT THIRTY SIX NOT A WHOLE LOT MORE  IN FLORIDA JUST SCATTERED SHOWERS BUT THIS IS  WHERE ALL THE MOISTURE IS GOING TO BE FROM  WYOMING RIGHT INTO THE UP OF MICHIGAN AND A LOT  OF THAT IS GOING TO BE IN THE FORM OF SNOW  THERE'S THE PAST 24 HOURS ADDING IN THE NEXT 36  AND YOU CAN SEE THAT STRIP OF EIGHT TO TWELVE  INCHES MAYBE EVEN A LITTLE BIT MORE ACROSS  NEBRASKA SOUTHERN SOUTH DAKOTA SOUTHERN  MINNESOTA NORTHWESTERN IOWA EVENTUALLY INTO  WISCONSIN AND THE UP OF MICHIGAN THIS IS GOING TO  BE A PRETTY BIG SNOW STORM AND YOU GET THAT  THIS TIME OF THE YEAR YOU KNOW ACROSS THE  NORTHERN PLAINS THAT'S NOT ATYPICAL AT ALL  CHECKING OUT TEMPERATURES YOU CAN SEE STILL 70S  AND 80S OKLAHOMA AND TEXAS 70S THROUGHOUT THE  SOUTHEAST BUT IT HAS TURNED COLDER FOR MOST OF  THE CENTRAL AND NORTHERN GREAT LAKES INTO THE  NORTHERN PLAINS WITH SOME 30S FOR MOST FOR THE  MOST PART LOW TEMPERATURES TOMORROW  MORNING STILL VERY MILD 62 IN ST LOUIS 60S ALL THE  WAY TO THE GULF COAST BUT IT'S IN THE 20S BACK  WHERE IT'S SNOWING AND HIGH TEMPERATURES  TOMORROW AFTERNOON STILL 70S IN THE OHIO RIVER  VALLEY HIGHS IN THE 20S ACROSS THE NORTHERN  PORTIONS OF THE PLAINS THERE'S THE JET STREAM  THAT STORM SYSTEM IN THE SOUTHEAST MOVING  AWAY THERE'S THAT NEXT ONE PRETTY POWERFUL  STORM AND THEN IT IS A SHOT OF COLDER AIR BUT  YOU'LL NOTICE HOW IT'S MAINLY ZONAL SO YOU REALLY  DON'T GET THAT COLD AIR IN THE SOUTHEAST  ALTHOUGH YOU MAY GET A LITTLE BIT OF A SHOT OF  THAT AS WE HEAD THROUGH THE MIDDLE PARTS OF  NEXT WEEK THAT'S A LOOK ACROSS THE COUNTRY  NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS  FIRST OF ALL WE'LL HEAD TO CASPER WYOMING  COLDER WITH SNOW MOST OF THE DAY HIGH TEMPERATURE AROUND 28 DECATURE ILLINOIS WARM  WITH SHOWERS MAYBE EVEN A THUNDERSTORM HIGH  OF 65 AND EASTON PENNSYLVANIA MORNING FOG  POSSIBLE THEN PARTLY SUNNY WITH A HIGH OF 67

TEASE
MORE CATTLE NEWS INCLUDING A LOOK AT FEEDER  CATTLE SUPPLIES FROM OUR FRIENDS AT DROVERS. AND LATER, TAKE THE ELEVATOR TO THE CENTER OF  THE EARTH-- OR AT LEAST THAT'S WHAT IT FEELS LIKE  INSIDE THIS NEW YORK SALT MINE. THAT STORY--ON IN  THE COUNTRY. HERE'S YOUR CHANCE TO WIN A DREAM SPORTS TRIP, PLUS A $10,000  DONATION FOR A COMMUNITY SPACE.  TEXT DREAM TO 31313 TO  ENTER TODAY. )

DROVERS TV
CATTLE FEEDING MARGINS ARE CONTINUING ITS RUN IN  THE GREEN.  ACCORDING TO THE STERLING PROFIT TRACKER,  MARGINS ARE HOLDING STEADY AT 245 DOLLARS LAST  WEEK. THOSE MARGINS ARE 324 DOLLARS BETTER THAN  A YEAR AGO WHEN 81 LOSSES WERE RECORDED. THIS MARKS THE 13TH CONSECTIVE WEEK OF  FEEDYARD PROFITABILITY.  PACKER MARGINS ARE IN THE RED AT A NEGATIVE 4- DOLLARS AND 77 CENTS. IT'S A TEN DOLLAR DECLLINE  FROM LAST WEEK.  USDA'S RECENT CATTLE INVENTORY REPORT HELPING  CONFIRM HERD EXPANSION ACROSS THE U.S. BEEN  INDUSTRY. BEEF COWS ROSE MORE THAN 3 PERCENT YEAR OVER  YEAR TO 31 POINT 2 MILLION HEAD. THE TEAM AT DROVERS SAYS IT ALSO GIVES A GOOD  INDICATION OF AVAILABLE FEEDERS. WORKING WITH JOHN NALIVKA AT STERLING MARKETING  THE ESTIMATED FEEDER CATTLE SUPPLY ON JAN 1 OF  THIS YEAR IS 26.5 MILLION HEAD UP MORE THAN  2  PERCENT AND MORE THAN 7 PERCENT HIGHER THAN  TWO YEARS AGO. <THE ESTIMATED FEEDER CATTLE SUPPLY IS CALCULATED BY ADDING  THREE CATEGORIES FROM THE CATTLE INVENTORY REPORT – CALVES UNDER  500 POUNDS, AND THE NUMBERS FOR BOTH STEERS AND HEIFERS OVER 500 POUNDS. FROM THAT TOTAL, NALIVKA SUBTRACTS THE TOTAL NUMBER  OF CATTLE ON FEED, AND THE RESULT IS AN ESTIMATE OF THE U.S. FEEDER  CATTLE SUPPLY.  USING THAT FORMULA, NALIVKA SAYS THE 2017 ESTIMATED FEEDER  CATTLE SUPPLY IS 543,000 HEAD MORE THAN LAST YEAR, AND NEARLY  2.5 MILLION HEAD MORE THAN IN 2015> HENDERSON SAYS THAT 2017 TOTAL IS THE HIGHEST  ESTIMATED FEEDER CATTLE SUPPLY NUMBER IS SIX  YEARS. AND OUR FRIENDS OVER AT K-STATE RELEASING A  STUDY LOOKING AT WAYS TO EFFECTIVELY MONITOR  BEEF DEMAND. THEY SAY CURRENTLY A FEW PLACES AROUND THE  COUNTRY RELEASE A QUARTERLY AGGREGATED BEEF  DEMAND MEASUREMENT. BUT IT TREATS ALL BEEF THE SAME... REGARDLES OF  CUT OR HOW ITS SOLD. THE OTHER PROBLEM IS ITS ONLY FOUR TIMES A YEAR. MARKET WATCHERS SAY THE INDUSTRY NEEDS BETTER  MEASUREMENTS. COLLECTIVELY FOR PRODUCERS, THE NET OF THAT IS WHAT IS  IMPORTANT. IF I RAISE A CALF AND SELL TO SOMEONE ELSE, ULTIMATELY  THE VALUE OF PRODUCTS COMING OFF OF THE CARCASS LATER DOWN THE  CHAIN IS WORTH 550 POUND CALF. AND IF I UNDERSAND COLLECTIVELY THE  GROUND BEEF DEMAND WE CAN LEARN FROM THAT, PLAY FROM THAT AND  ALLOCATE THOSE RESOURCES TO IMRPOVE LOIN, RIB DEMAND AND  WHATEVER THAT MAY BE. THEN YOU CAN UNDERSTAND WHAT HTE PUBLIC  DOES OR DOESN'T LIKE, COULDD BE YOUR BEEF PRODUCT BUT MORE  REFINED THE PRODUCT YOU'RE TALKING ABOUT WHEN YOU MERCHANDISE. 

TEASE
UP NEXT, KEEPING ROADS OPEN TAKES WORK---- THOUSANDS OF FEET BELOW THE SURFACE. OFF TO  THE SALT MINES OF NEW YORK NEXT.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  DISCOVER THE POWER  BEHIND THE M6 SERIES AT KUBOTA.COM. SOME POCKETS OF THE COUNTRY ARE ENJOYING WARM  WEATHER, BUT OTHER PLACE STILL NEED SALT TO KEEP  ROADS OPEN.  GETTING IT--REQUIRES A TRIP WELL BELOW GROUND--  THE MINES BELOW NEW YORK FARM COUNTRY. MICHAEL HILL REPORTS. INSIDE THE NATION'S MOST PRODUCTIVE ROAD SALT MINE, WORKERS IN  GHOSTLY TUNNELS PRAY FOR SNOW. FIERCER WINTERS MEAN BETTER  BUSINESS AS MUNICIPALITIES ACROSS THE NATION NEED MORE OF THE  SNOW-MELTING SALT THEY SPREAD ON ROADWAYS WINTER ROADS … MEAN BUSY TIMES UNDERGROUND  BLASTING, CUTTING AND CRUSHING AT A SPRAWLING  UPSTATE NEW YORK SALT MINE. LOCATED MORE THAN 1,200 FEET BENEATH FARM  COUNTRY... THE AMERICAN ROCK SALT COMPANY MINE  CAN PRODUCE MORE THAN FOUR MILLION TONS OF  ROCK SALT A YEAR. SALT THAT ENDS UP ON ROADS ACROSS THE  NORTHEAST. SOUNDBITE (ENGLISH) JOE BUCCI JR, MINE ENVIRONMENTAL  MANAGER (PARTIALLY COVERED: "THIS IS THE MINERAL CALLED HALITE.  WE'RE LITERALLY STANDING IN AN ANCIENT SALT WATER SEA THAT COVERED  THE WHOLE NORTHEAST ABOUT 350 TO 400 MILLION YEARS AGO." THE MINE IS AS DEEP AS THE EMPIRE STATE BUILDING IS  HIGH. MINERS WORK IN A GRID OF TUNNELS THAT GO ON FOR MILES. NO SUN. BUT IT'S ALWAYS 60 DEGREES AND DRY. SOUNDBITE (ENGLISH) JOHN GOHO, MINER: "ALL THE SALT IN THE AIR CLEANS YOUR SINUSES OUT." SALT IS SCOOPED, GROUND DOWN AND TRANSPORTED  BY CONVEYER BELTS. MINERS CAN REMOVE ABOUT 20,000 TONS A DAY. PILLARS OF SALT 95 FEET SQUARE ARE LEFT BEHIND TO  KEEP THE MINE FROM COLLAPSING. SOUNDBITE (ENGLISH) JOE BUCCI JR, MINE ENVIRONMENTAL  MANAGER: "WE HAVE A MAINTENANCE FACILITY UNDERGROUND HERE WE HAVE  OFFICES WE HAVE OUR PRODUCTION HOIST. IT REALLY IS A SMALL CITY."  TRAINS AND TRUCKS SHIP THE SALT TO A DOZEN  STATES. THE FIERCER THE WINTER, THE BETTER THE BUSINESS  HERE. THIS WINTER HAS BEEN A MIXED BAG. CHEAP SALT SHIPPED IN FROM OTHER COUNTRIES ALSO  CUTS INTO BUSINESS. BUT OPERATORS ARE SEEKING PERMISSION TO EXPAND  THE MINE. SEEING CONTINUED POTENTIAL IN THE SALT OF THE  EARTH. MICHAEL HILL, ASSOCIATED PRESS, HAMPTON CORNERS, NEW YORK

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE  GLAD YOU TUNED IN.  FOR MIKE HOFFMAN, AND ALL OF US WITH AGDAY. I'M  CLINTON GRIFFITHS. 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