AgDay Daily Recap - February 26, 2018

February 26, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
FEBRUARY 26, 2018

HEADLINES

USDA'S OUTLOOK ON LIVESTOCK PRODUCTION THE WISCONSIN DAIRY INDUSTRY LOSES A PROMINENT MEMBER. IN AGRIBUSINESS...LESSONS FROM LAST WEEK. MACHINERY PETE IS LOOKING AT PRICES FOR THE MOST POPULAR TRACTORS. AND WINTER TIME LESSONS FOR GREEN SEASON GARDENS.  AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD.

USDA LIVESTOCK OUTLOOK
GOOD MORNING I'M CLINTON GRIFFITHS. USDA SETS IT'S EXPECTATIONS FOR 2018 AS BOTH GRAIN AND LIVESTOCK  MARKETS PREPARE FOR ANOTHER BUMPY YEAR. USDA CALLING FOR RECORD PORK PRODUCTION...UP 5 PERCENT.  29 POINT 6 BILLION POUNDS OF ON HIGHER INVENTORIES AND HEAVIER   WEIGHTS. USDA PROJECTING PRICES MUCH LOWER THAN A YEAR AGO-- TO  AVERAGE BETWEEN 47 AND 49 DOLLARS PER HUNDRED. BEEF PRODUCTION IS SET TO CLIMB NEARLY 6 PERCENT THIS YEAR. THE RISE PUSHED BY INCREASING HERD NUMBERS AND HIGHER CARCASS  WEIGHTS.  STEER PRICES ARE FORECAST IN RANGES FROM 116 TO 123 PER HUNDRED. WHILE ON THE DAIRY SIDE, MILK PRODUCTION IS ALSO FORECAST TO BE RECORD  HIGH ON RISING COW NUMBERS. "WE THINK SPOT PRICE OR CONTRACT PRICE IS AT A MAJOR LOW AND WE THINK THE AVERAGE PRICE FOR  MILK  FOR THE UPCOMING SEASON WILL PROBABLY BE PRETTY SIMILIAR TO LAST YEAR BECAUSE WE THINK  THERE IS GOING TO BE A MUCH LARGER RISE WITH PRICE LATER IN THE SEASON THAN MANY ARE  EXPECTING,"HACKETT SAYING HE'S A LITTLE MORE SUPPORTIVE THAN USDA, ANTICIPATING A  HIGHER AVERAGE PRICE FOR THE WHOLE YEAR - CLOSER TO 17 DOLLARS PER  HUNDRED

CATTLE ON FEED
USDA ALSO RELEASING ITS LATEST CATTLE ON FEED REPORT FRIDAY. AND CALVES ON FEED TOTALLED 11-POINT-SIX MILLION HEAD AS OF  FEBRUARY FIRST. THAT'S EIGHT PERCENT HIGHER THAN A YEAR AGO. PLACEMENTS IN FEEDLOTS TOTALED JUST OVER TWO MILLION HEAD...A FOUR  PERCENT INCREASE FROM A YEAR AGO. MARKETINGS OF FED CATTLE DURING JANUARY TOTALED ONE-POINT-EIGHT  MILLION HEAD, SIX PERCENT HIGHER THAN A YEAR AGO.

RFS SHOWDOWN
WASHINGTON MAY BE PREPPING FOR A SHOWDOWN OVER THE R-F-S THIS WEEK. THE PRESIDENT CALLING A CABINET MEETING ON BIOFUELS. ACCORDING TO REUTERS THE PRESIDENT REQUESTING EPA ADMINISTRATOR  SCOTT PRUITT, USDA SECRETARY SONNY PERDUE AND  ENERGY SECRETARY  RICK PERRY TO ATTEND A SESSION ON IN THE RENEWABLE FUELS STANDARD.  THE DISCUSSION APPEARS TO HAVE BEEN PROMPTED--TEXAS SENATOR TED  CRUZ ASSERTION THE RFS IS BEHIND THE BANKRUPTCY OF PHILADELPHIA  ENERGY SOLUTIONS REFINERY.  IT BLAMES THE COSTS OF COMPLYING WITH THE RFS AS THE REASON.

PLANE CRASH KILLS JOHN PAGEL
INVESTIGATORS ARE STILL LOOKING FOR CLUES INTO A PLANE CRASH THAT  KILLED THREE PEOPLE, INCLUDING A WELL-KNOWN LEADER IN THE WISCONSIN  DAIRY INDUSTRY. JOHN PAGEL - A DAIRY FARMER FROM KEWAUNEE COUNTY WISCONSIN - DIED  THURSDAY NIGHT WHEN HIS PLANE CRASHED IN INDIANA. PAGEL WAS OWNER OF  THE PONDEROSA DAIRY. HE WAS ALSO PRESIDENT OF "EDGE" DAIRY FARMER  COOPERATIVE--THE NATION'S SIXTH LARGEST DAIRY COOPERATIVE. PAGEL, HIS SON-IN-LAW, AND THEIR PILOT HAD JUST LEFT AN AIRPORT NEAR  INDIANAPOLIS WHEN THE CRASH OCCURED, KILLING ALL THREE. THE PLANE WENT DOWN IN A FIELD IN CARROLL COUNTY AS IT WAS HEADED  BACK TOWARDS GREEN BAY, WISCONSIN. INDIANA HAD RECORD RAINFALL AND FLOODING LAST WEEK, MAKING RECOVERY  DIFFICULT IN THE SATURATED FIELD. THE NATIONAL TRANSPORTATION SAFETY BOARD DISPATCHED INVESTIGATORS  TO THE CRASH SITE. I MET JOHN AND HIS FAMILY A LITTLE MORE THAN A YEAR AGO DURING AN ON  FARM INTERVIEW. AT THE TIME, JOHN PAGEL WAS A FINALIST FOR TOP PRODUCER OF THE YEAR. HIS PASSION FOR THE INDUSTRY AND LOVE OF HIS FAMILY WAS EVIDENT IN  EVERY DECISION. WHEN I TOOK OVER THE FARM FROM MY PARENTS WE HAVE 65 COWS AND 320 ACRES. TODAY  WE'RE CROPPING A LITTLE OVER 8500 ACRES A WE'RE MILKING JUST OVER 5000 COWS AT THIS OPERATION.  IT DIDN'T TAKE OWNER JOHN PAGEL LONG TO DECIDED THIS IS WHERE HE  WANTED TO BUILD HIS FUTURE. THERE WERE A FEW MOMENTS IN MY LIFE WHERE I WASN'T QUITE SURE I WAS GOING TO BE A  FARMER. I GRADUATED HIGHSCHOOLI WORKED OFF THE FARM FOR A YEAR AND I KNEW EXACTLY WHAT I WANTED TO DO FOR THE REST OF MY LIFE. I CAME BACK TO THE FARM AND I'VE BEEN HERE EVER SINCE. AND FROM THE BEGINNING HIS GOAL WAS TO BE THE BEST. WE WANTED TO GROW WE WANTED TO MAKE OUR FARM ONE OF THE TOP IN THE COUNTRY  JOHN'S DAYS HAVE GONE FROM HANDS ON IN THE PARLOR TO MANAGING A  TEAM--ONE THAT INCLUDES HIS 4 CHILDREN. WHEN MY CHILDREN ALL DECIDED TO COME BACK AND BE INVOLVED IN THE OPERATION IS WHEN  WE DECIDED IT WAS TIME TO MAKE A MOVE TO STAY IN THE FRONT END OF THE INDUSTRY AND THAT'S  WHY WE'RE MILKING 5-THOUSAND COWS AT THIS LOCATION. 5:45 FOR THE PAGEL FAMILY--WHY THEY'RE HERE IS CLEAR... IT'S AMAZING THAT I GET TO WORK WITH MY CHILDREN AND THE GRANDKIDS GET OFF THE SCHOOL BUS HERE EVERYDAY. I MEAN I'M VERY BLESSED IN THAT WAY  A FAMILY,  FOR THE MOST PART WE ALL STILL GO TO THANKSGIVING TOGETHER, WE STILL HAVE CHRISTMAS TOGETHER CENTERED AROUND A BUSINESS... HOLDING THEM TOGETHER,  I'M 57 YEARS OLD AND I DON'T PLAN ON SLOWING DOWN ANYTIME SOON  AND STEPPING FORWARD INTO A FUTURE WITH POSSIBILITIES BEYOND THE  HORIZON. IT'LL BE VERY HARD TO FILL DAD'S SHOES THATS FOR SURE. WE'D HAVE TO ...ME AND MY BROTHERS  WOULD HAVE TO TAKE TURNS WEARING SHOES.JOHN GAVE THOUSANDS OF TOURS OF HIS OPERATION EVERY YEAR, HE STARTED  A FARM TO TABLE RESTAURANT AND HE WAS INVOLVED HIS LOCAL COMMUNITY. JOHN WAS ALSO WAS INSTRUMENTAL LAST YEAR IN HELPING FARMERS FIND NEW  HOMES FOR THEIR MILK FOLLOWING GRASSLAND'S ANNOUNCEMENT IT WAS CUTTING CONTRACTS.

CROP COMMENTS
MIKE HOFFMAN JOINING US ON THIS MONDAY MORNING FOR A FRESH CROP OF  CROP COMMENTS.  GOOD MORNING, CLINTON.  MATT SCHWAB IN NORTHEAST MICHIGAN IS WITH HIS DAUGHTER DORTHEY,  THEY'RE TAPPING INTO TREES TO GATHER SAP! MATT SAYS THE TWO TAPPED 10 TREES AND GATHERED ENOUGH SAP TO MAKE  ABOUT 3 GALLONS OF SYRUP! AND RYAN PETERSEN IN DIKE, IOWA IS SENDING US A PICTURE OF HIS 'BACKYARD'  IN IOWA OF A TYPICAL WINTER  THE U.S. DROUGHT MONITOR SAYS ROUGHLY 42 PERCENT OF THE STATE IS CONSIDERED ABNORMALLLY DRY. 58 PERCENT IS CONSIDERED DROUGHT FREE. AS FAR AS TEMPERATURES GO, IT LOOKS AS IF THE AREA WILL SEE A WARMUP  THIS WEEK.  AND TAKING A LOOK AT THE ESTIMATED RAIN FROM LAST WEEK. BOY DID WE SEE SOME HEAVY AMOUNTS  THROUGH THE MIDDLE OF THE COUNTRY FROM NORTHEAST AND EASTERN TEXAS ALL THE WAY UP INTO  ILLINOIS NORTHERN INDIANA AND SOUTHWESTERN MICHIGAN WITH SOME OF THOSE AREAS GETTING 8  INCHES OR MORE OF RAIN. AMAZING THERE AND WE'LL TAKE A LOOK AT YOUR FORECAST FOR THE COMING  WEEK AND HAVE SOME HOMETOWN TEMPS. FIRST. 

TEASE
WHEN WE COME BACK A FRESH LOOK AT THE TRADING WEEK AHEAD WITH OUR  PANEL OF EXPERTS.STAY TUNED FOLKS COMING UP WE'RE GOING TO TALK ABOUT ONE OF THE MOST  POPULAR USED TRACTORS MODELS ON THE MARKET  AND SPRING GARDENING IS RIGHT AROUND THE CORNER. MEET SOME  YOUNGSTERS WHO'VE BEEN 'GREEN-THUMBIN' ALL WINTER LONG. AGDAY - BROUGHT TO YOU BILEVO SEED TREATMENT FROM BAYER. PROTECT YOUR SOYBEANS FROM  SDS AND NEMATODES THIS SEASON.

FLOOR OF THE CME
IN AGRIBUSINESS THE WEEK ENDED MIXED FOR COMMODITY MARKETS. LETS STEP BACK TO THE FLOOR OF THE CME FOR A LOOK AT FRIDAY'S TRADE. CAN'T STOP A FRIDAY WITHOUT TALKING ABOUT MAY MAY. WHEAT THAT IS I MEAN FRACTIONALLY  AROUND AND CHANGE UP DOWN. REALLY NOT A WHOLE LOT OF MOVEMENT BUT THERE IS A LOT OF NEWS  UNDER THE HEADLINES. HARD TO BELIEVE THAT JUST A MONTH AGO WE BALANCE OFF THOSE LOWS BY 7  PERCENT OR 3 PERCENT FROM THE HIGH MADE. AND JUST LAST WEEK. THE NEWS RIGHT NOW U.S. STATE  IS PROJECTING 46 AND A HALF MILLION ACRES AND CASH BEING 10 CENTS BETTER FOR THE 18 19 YEAR.  THAT'S DEFINITELY PUTTING A LID ON SHORT TERM ACTION. OTHER NEWS RUSSIA I.K. ARE CAME OUT AND  EXPECTS TO 17 18 YEAR EXPORTS TO BE MUCH BETTER THAN EXPECTED AT 37 AND A HALF MILLION  METRIC TONS. ANOTHER LID ON THE MARKET REALLY STRONG NEWS KEEPING A LID ON WHEAT PRICES RIGHT  NOW. BUT GIVEN THE TRAJECTORY WE'VE HAD A LOT OF PEOPLE THINK IT'S OVERDUE FOR SOME PROFIT  TAKING ON LARRY SHOVER CEO OF SFB ALTERNATIVES REPORTING TO YOU FROM THE CME GROUP IN  CHICAGO.

AGRIBUSINESS
HERE AT AGROBUSINESS TODAY WE HAVE SEAN HACKETT WITH HACKETT FINANCIAL ADVISERS AND PAUL GEORGY WITH ALLENDALE THANK YOU BOTH FOR BEING HERE. ALL RIGHT LET'S LET'S SET THE STAGE FOR THE  WEEK AHEAD. WHAT DID WE LEARN LAST WEEK. MAYBE IT WAS THAT THE OUTLOOK FOR MAYBE IT WAS  OUTSIDE AND WATCHING MARKETS THAT WE CAN TAKE AWAY AND WE'LL START WITH YOU SHAWN. I THINK  WHAT WE LEARNED LAST WEEK IS THAT GRAIN MARKETS ARE LOOK LIKE THEY'RE GETTING TIRED. HERE US IT  LOOKS LIKE A LOT OF THE WEATHER IN ARGENTINA EVEN SOME OF THE WEATHER IN THE MIDWEST WINTER  WHEAT REGIONS MAY HAVE PLAYED ITSELF OUT FOR NOW. AND WITH THAT IT LOOKS TO ALSO TELL US THAT  THE DOLLAR MAY BE ON SOME KIND OF A BOUNCE HERE AS WELL. SO SO WE THINK YOU KNOW SOME OF  OUR WEATHER MODELS ARE SUGGESTING RAINS MIGHT BE COMING IN MORE AREAS OF ARGENTINA. WE  JUST THINK IT'S A PERIOD OF POTENTIAL FOR THE MARKET TO HAVE A SETBACK AND WE'RE CONCERNED  ABOUT THAT. PAUL WHAT ABOUT YOU WHAT YOU LEARNED LAST WEEK. WELL LAST WEEK WE HAD THE  USDA OUTLOOK FORUM I THINK THAT THE 90 MILLION ACRES FOR CORN AND SOYBEANS. I THINK WHAT  THAT JUST TELLS US WHAT WE'RE GOING TO HAVE A LOT OF WORRIES AND A LOT OF CONVERSATIONS AND A LOT  OF DISCUSSION ON THAT. SURE. AS WE GO FORWARD I THINK THE ONE OF THE MAIN THINGS THAT WE'RE  LOOKING AT AS WE START THIS WEEK WE'RE GOING TO HAVE TO WORRY ABOUT THE CROP CONDITION  REPORTS OF THE WHEAT THAT THE USDA WILL GIVE US ON A STATE BY STATE BASIS. RIGHT. THAT WILL BE  IMPORTANT. GOT FIRST NOTICED DAY COMING UP HERE THIS WEEK FOR THE MARCH CONTRACT. SO THAT'S  GOING TO IMPACT SOME OF THE TRADERS AND MAYBE CAUSE SOME SELLING AHEAD OF THAT  TIMEFRAME. AS A LOT OF CASH CONTRACTS HAVE TO BE SETTLED BEFORE THAT A LOT OF MOVEMENT THERE.  AND MONEY IS REALLY BEEN DRIVING THESE MARKETS. WHAT ARE YOU WATCHING IN THE WEEK AHEAD  SHAWN. WELL WE'VE SEEN A LOT OF AS PAUL SAID A LOT OF SMART MONEY COMING IN. I MEAN  SPECULATIVE OF MONEY COMING IN. WE HAD BIG BIG SHORT POSITIONS BACK LATE IN THE YEAR INTO  JANUARY AND A GOOD PORTION OF THOSE POSITIONS HAVE BEEN COVERED. DOESN'T MEAN THEY HAVE  TO LIQUIDATE RIGHT AWAY. WE THINK THERE'S ENOUGH CAUSE FOR THE MARKET TO SEE SOME OF THOSE  POSITIONS GIVE BACK AND SEE SOME OF THIS MONEY FLOW. AND I MEAN WE KNOW THAT THERE'S  ALGORITHMS IN OUR MARKETS WE KNOW THERE'S COMPUTER TRADING IN OUR MARKETS AND THEY REACT  ON SOME VERY SMALL CHANGES IN DYNAMICS ALL OF A SUDDEN THE BUYER BECOMES A SELLER AND IT  IT'S HARD NECESSARILY PUT YOUR FINGER ON IT. WE THINK WE MAYBE IT'S SOME KIND OF A SHORT TERM  INFLECTION POINT THAT COULD SEE SOME OF THIS BUY THAT MAYBE HE'S OVEREXTENDED YOU KNOW PULL  BACK ON WHETHER IT'S A POOR MAYBE THE THE THE CONDITION REPORT IS BETTER THAN PEOPLE WERE  EXPECTING WHETHER THE WEATHER TURNS OUT MORE FAVORABLE ON SUNDAY NIGHT THAN WE WERE  EXPECTING. WE THINK SOMETHING MIGHT TRIGGER THIS SETBACK IN THE MARKETS THAT WE'RE EXPECTING  INTO INTO THE MARCH APRIL TIMEFRAME. WELL IT IS AN EXCITING TIME OF YEAR TO BE WATCHING  MARKETS. WE APPRECIATE YOU BOTH FOR BEING HERE AND YOUR INSIGHTS WE'LL BE BACK MORE AGDAY  IN JUST A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY ON THIS MONDAY MORNING METEOROLOGIST MIKE HOFFMAN HERE LOOKING  AT THE JET STREAM AND I GUESS THE QUESTION IS MIKE ARE WE GOING TO SEE A REPEAT OF WHAT WE  SAW LAST WEEK. I THINK WHAT WE'RE LOOKING AT IS A TRANSITION PERIOD. OK. AND WE KIND OF FLIP FLOP  PATTERNS THE FOLLOWING WEEK. AT LEAST THAT'S WHAT THE COMPUTER MODELS ARE NOW SAYING. SO AS  WE START THE WEEK WE CONTINUE TO SEE A BIG TROUGH IN THE WEST WITH MORE ENERGY DIGGING IN  OUT THERE AND THAT'S BEEN SOME GOOD NEWS FOR SOME OF THE AREAS THAT ARE IN DROUGHT. BUT A  LOT OF YOU HAVE BEEN MISSING A LOT OF THIS MOISTURE COMING IN THE RIDGES STILL HOLDING OVER  FLORIDA AND OTHER PARTS OF THE SOUTHEAST BUT THAT'S PROBABLY GOING TO CHANGE. I'LL SHOW YOU  WHY WE'RE LOOKING AT. AGAIN ENERGY DIVING INTO THE SOUTHWEST THAT'S BEEN CONTINUING. THEN  THOSE STORM SYSTEMS COME NORTHEAST YOU SEE ANOTHER ONE FOR THE MIDDLE OF THE COUNTRY FOR  THE MIDDLE OF NEXT WEEK THAT MOVES TOWARD THE NORTHEAST AND THEN IT STARTS TO SETTLE IN RATHER  THAN CONTINUING TO MOVE. AND YOU SEE TWO TROUGHS ONE ON THE EAST COAST AND WEST COAST  BY THE END OF NEXT WEEK AND THEN THE WESTERN TROUGH KIND OF GOES AWAY AT LEAST ACCORDING  TO OUR MODEL YOU CAN SEE THE RIDGE POPS UP OVER THE WEST BIG CUTOFF LOW DEVELOPS OVER THE  EAST CENTRAL PORTIONS OF THE COUNTRY MISSISSIPPI VALLEY IN THE GREAT LAKES. THAT THAT'LL MEAN  SOME COLDER WEATHER COMING BACK FOR MANY PLACES THAT HAVE BEEN WARM TEMPERATURES THIS  WEEK I'M STILL GOING TO GO ABOVE NORMAL FOR MOST AREAS IN AND EAST OF THE MISSISSIPPI RIVER  VALLEY BELOW NORMAL. AND FROM THE WESTERN DAKOTAS THROUGH MOST OF THE WESTERN PARTS OF THE  COUNTRY. BUT AGAIN AS WE TRANSITION NEXT WEEKEND WE'LL START TO SEE SOME OF THOSE PROBABLY  GO THE OTHER WAY PRECIPITATION THIS WEEK THROUGH THE MIDDLE OF THE COUNTRY AND THIS IS NOT  GOOD NEWS FOR THE TEXAS PANHANDLE WESTERN OKLAHOMA. I'M STILL EXPECTING BELOW NORMAL  THERE ALL THE WAY UP THROUGH THE PLAINS STATES ABOVE NORMAL FROM SOUTHERN MISSISSIPPI  VALLEY ON UP THROUGH THE TENNESSEE OHIO VALLEY GREAT LAKES MID-ATLANTIC ALSO ABOVE  NORMAL IN MANY OF THE WESTERN STATES AS WE CONTINUE TO SEE THAT MOISTURE PLUMMETING DOWN  THE WEST COAST. LET'S GO THROUGH A 90 DAY OUTLOOK WAS SPLIT UP THE THE MONTHS HERE INTO THE  THREE MONTHS MARCH. TEMPERATURES FROM ARKANSAS OKLAHOMA NORTHWARD BELOW NORMAL I'M  EXPECTING FLORIDA ABOVE NORMAL BUT NORMAL FOR SOUTH TEXAS INTO THE SOUTHWEST AS FAR AS  APRIL IS CONCERNED WE'RE BRINGING OUT ABOVE NORMAL UP INTO MOST OF THE SOUTHEAST SOUTHERN  PLAINS MOST OF THE WEST AS WELL BELOW NORMAL THOUGH FROM MONTANA THE DAKOTAS ALL THE WAY  THROUGH THE GREAT LAKES AND THEN WE GO TO MAY BELOW NORMAL STILL FOR THE GREAT LAKES IN THE  FAR NORTHWEST. OTHERWISE A LOT OF ABOVE NORMAL TEMPERATURES FOR THE CENTRAL AND SOUTHERN  TIER OF STATES AS FAR AS PRECIPITATION IS CONCERNED OVER THE ENTIRE 90 DAY PERIOD. THIS IS  ALWAYS A TOUGH CALL THIS TIME OF THE YEAR BUT TENNESSEE OHIO VALLEY EASTERN LAKES  NORTHEAST I'M GOING ABOVE NORMAL ALSO IN THE PACIFIC NORTHWEST BUT FROM NEBRASKA  SOUTHWARD AND WESTWARD THROUGH TEXAS AND CALIFORNIA AND ALSO MUCH OF FLORIDA EXPECTED TO  HAVE BELOW NORMAL PRECIPITATION OVER THE NEXT 90 DAYS. THAT'S A LOOK ACROSS THE COUNTRY.  NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HEAD TO CARLSBAD NEW MEXICO FIRST OF ALL  LOTS OF SUNSHINE AND MILD HIGH OF 68 DEGREES. ROCKFORD ILLINOIS A GOOD DEAL OF SUNSHINE AND  MILDER. HIGH UP TO 49 AND WILMINGTON NORTH CAROLINA CLOUDY WITH PERIODS OF RAIN HIGHER  AROUND 69.

TEASE
IF YOU'RE LOOKING FOR A USED TRACTOR, MACHINERY PETE JOINS US NEXT  WITH A LOOK AT RECENT PRICES FOR A COUPLE OF THE MOST POPULAR USED  MACHINES. THESE KIDS ARE GETTING READY FOR SPRING PLANTING. AGDAY - BROUGHT TO YOU BY PROSARO FUNGICIDE FROM BAYER.

MACHINERY PETE
THIS WEEK MACHINERY PETE TELLS US WHAT'S BEEN HAPPENING WITH VALUES  ON ONE OF THE MOST POPULAR USED TRACTOR MODELS IN THE MARKET. WELL FOLKS THIS USED FARM EQUIPMENT MARKET IS ALL ABOUT CONDITION AND  I THINK THE PERFECT EXAMPLE OF THAT MIGHT BE THE JOHN DEERE 7810  TRACTOR NOW THE AVERAGE AUCTION PRICE ON THE 7810 BACK IN 2011  THROUGH 2014 WAS RUNNING IN THAT THAT 61500 TO JUST OVER 64000 RANGE  VERY HIGH THAT ACTUALLY FALLEN QUITE A BIT THE LAST COUPLE OF YEARS IN  FACT LAST YEAR THE AVERAGE AUCTION PRICE ON A 7810 WAS 41824 DOLLARS  THE REASON FOR THE FALL WELL IT'S ALL ABOUT VOLUME WE'VE SEEN THREE  TIMES AS MANY 7810 SOLD AT AUCTION THE LAST TWO YEARS AND THE AVERAGE  CONDITION ONES BRING IN AVERAGE PRICE BUT WHAT I'M CONTINUING TO SEE  PREMIUM PRICING ON THE VERY NICEST ONES FOR EXAMPLE LAST WEDNESDAY  ON A FARM AUCTION IN SOUTH CENTRAL KANSAS THIS 2000 MODEL 7810 1692  HOURS ON IT WENT FOR 87000 DOLLARS VERY STRONG PRICE AND ON JANUARY  27TH ON A CONSIGNMENT SALE IN NORTHEAST MISSOURI THIS 03 MODEL 7810  WITH ONLY 831 HOURS ON IT SOLD FOR 95000 DOLLARS AND THAT IS THE FIFTH  HIGHEST AUCTION PRICE EVER ON A 7810 SO AGAIN RIGHT NOW IT'S ALL ABOUT  CONDITION IF IT'S AVERAGE SHAPE YOU'RE SEEING SLIDING PRICES BUT VERY  COMPETITIVE BIDDING AND STRONG PRICING ON THE NICEST ONES AVAILABLE  FOR SALE 

TEASE
NEXT. LEARNING OUTDOOR SKILLS, ON THE INSIDE. "I'M CHARLES DENNEY. IT'S A GREAT SCIENCE LESSON FOR KIDS - GARDENING.   INDOORS FOR NOW AND OUTDOORS SOON. THAT STORY FROM THE UNIVERSITY  OF TENNESSEE GARDENS COMING UP ON AGDAY."AGDAY - BROUGHT TO YOU BY CORVUS - THE NUMBER ONE PRE-EMERGENCE CORN HERBICIDE.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAY.CHILDREN CAN LEARN ABOUT THE SCIENCE OF PLANTS EVEN IN THE MIDDLE OF  WINTER. THE UT GARDENS HOSTS A NUMBER OF EDUCATIONAL PROGRAMS FOR  KIDS YEAR 'ROUND, AND THAT INCLUDES GREENHOUSE GARDENING. PROVIDED BY U-T,  CHARLES DENNEY SHOWS US HOW COLD WEATHER LESSONS  COULD BECOME SPRING SEASON GROWTH. A WINTERTIME LESSON WITH AN EYE ON SPRING. THIS IS GREENHOUSE SEASON, GETTING PLANTS  STARTED SO THEY CAN LATER ESCAPE THE INDOORS AND GROW OUTSIDE. KIND OF LIKE THESE KIDS ARE  ANXIOUS TO DO – TAKING PART IN THE UT GARDENS "GROWING IN THE GREENHOUSE" PROGRAM. THEY  TOUR GREENHOUSES ON THE UT AG CAMPUS, AND LEARN HOW UT INSTITUTE OF AGRICULTURE  RESEARCHERS GROW PLANTS UNDER HEAT LAMPS AND IRRIGATION SYSTEMS. SEVERAL OF THESE  YOUNGSTERS HAVE DONE SOME GARDENING, FACING A NUMBER OF CHALLENGES. "WE TRIED PLANTING A FEW PLANTS BUT THE GOPHERS ATE THEM. NOT MUCH YOU CAN DO ABOUT THAT?  YEAH." "I LIKE WATCHING AND WAITING FOR THEM TO GROW. SOMETIMES IT TAKES A WHILE FOR THEM TO GROW?  AND I LIKE HOW MY HANDS GET DIRTY." "WITHOUT PLANTS, WE WOULD HAVE NO FOOD.""WE'RE TEACHING THEM SCIENCE SKILLS AND SCIENCE INFORMATION BASED ON THINGS LIKE THE WATER  CYCLE, PLANT LIFE CYCLES, AND THE GREENHOUSE EFFECT." "IT'S THE DEAD OF WINTER NOW AT THE UT GARDENS, BUT SOON THESE CHILDREN'S PROGRAMS RAMP UP  EVEN MORE – INCLUDING SOME COOL SUMMER CAMPS. A LESSON ON CONDENSATION HERE, ANOTHER MOMENT WHERE YOUNG MINDS ABSORB KNOWLEDGE THE  WAY THE SOIL MIGHT SOAK UP MOISTURE. WHEN IT COMES TO GARDENING, WHAT HAPPENS IN WINTER CAN IMPACT WHAT'S COMING IN SPRING. THERE MAY BE NOTHING GROWING IN THE GROUND NOW, BUT THESE KIDS LOOK TO CHANGE THAT. THIS IS CHARLES DENNEY REPORTING.  THE KIDS ALSO GOT PLANTS TO TAKE HOME FOR THEIR SPRING GARDENS. 

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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