AgDay Daily Recap - February 5, 2018

February 5, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
FEBRUARY 5, 2018

HEADLINES

CATTLEMEN KEEP TRADE TOP OF MIND IN 2018...AS THE INDUSTRY LAYS OUT ITS  PRIORITIES. IN AGRIBUSINESS.. PREPPING FOR THE WEEK AHEAD. MACHINERY PETE SAYS GOOD CONDITION USED EQUIPMENT IS STILL HOT AT  AUCTION. AND THE STORY BEHIND THESE STRANGE COSTUMES AT THE NCBA TRADESHOW. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD.

END OF NCBA
GOOD MORNING I'M CLINTON GRIFFITHS. THESE ARE ANXIOUS TIMES FOR U-S  AGRICULTURE WITH UNCERTAINTY AS TO WHAT THE EXPORT PICTURE WILL LOOK  LIKE IN THE YEAR AHEAD...AND BEYOND. AS THE 2018 CATTLE INDUSTRY CONVENTION WRAPPED-UP, ATTENDEES LEFT  PHOENIX WITH PLENTY OF UN-ANWERED QUESTIONS ABOUT SEVERAL TRADE  DEALS CURRENTLY AT THE NEGOTIATING TABLE. BETSY JIBBEN EXAMINES THESE TRADE CONCERNS. CLINTON TRADE IS A BIG TOPIC HERE AT THE CONVENTION IN PHOENIX ARIZONA. SINCE MULTIPLE TRADE  DEALS IN THE AG INDUSTRY ARE UP FOR RENEGOTIATION. BUT THE SAME MESSAGE HOLDS TRUE FOR THE  AG INDUSTRY. DO NOT DISRUPT ANY OF THE TRADE DEALS BUT I'M CAUTIOUSLY OPTIMISTIC ABOUT IT. I THINK  NOW IT IS GOOD WHERE IT'S AT. I HOPE THEY DON'T MAKE A LOT OF CHANGES TO THAT LIKE THE PRESIDENT  SAYS HE'S GOING TO WHILE THE U.S. CURRENTLY RENEGOTIATES WITH MEXICO AND CANADA OVER THE  NORTH AMERICAN FREE TRADE AGREEMENT THERE'S ALSO DISCUSSIONS ON REOPENING TALKS WITH  SOUTH KOREA ON THAT NEARLY SIX YEAR OLD TRADE PACT PLUS WITH PRESIDENT TRUMP PULLING THE  U.S. FROM THE TRANS-PACIFIC PARTNERSHIP WITH 11 OTHER NATIONS. THERE'S NO SHORTAGE OF  UNCERTAINTY FOR AN INDUSTRY RELIANT ON EXPORTS. WE WEREN'T TOO THRILLED ABOUT GOING INTO  RENEGOTIATING NAFTA AND CHORUS BUT THE FACT IS THAT'S A DECISION THAT HE MADE. WE ALSO  MADE IT VERY CLEAR THAT WE DIDN'T WANT BEEF FOR CATTLE ACCESS TO BE A PART OF THOSE TALKS AND  WE HAVEN'T YET. SO FOR US IT'S DOING WHATEVER WE CAN TO TRY TO SUPPORT THE PRESIDENT TO MAKE  SURE THAT WE DON'T PULL OUT OF EITHER ONE OF THESE AGREEMENTS. ACCORDING TO COMMBANK OVER  80 PERCENT OF BEEF EXPORTS ARE SOLD THE COUNTRIES THAT COULD BE IMPACTED BY TRADE  NEGOTIATIONS JAPAN SOUTH KOREA MEXICO CANADA AND HONG KONG TOPPED THE LIST OF THAT LIST.  ONLY HONG KONG WILL BE UNAFFECTED BY CURRENT TRADE NEGOTIATIONS. WE'RE LOSINGCOMPETITIVENESS TODAY WHERE WE STAND. IF WE DON'T START MOVING FORWARD WITH MORE  COMPETITIVE BILATERAL TRADE AGREEMENTS THE U.S. HAS BEEN TALKING ABOUT A POTENTIAL BILATERAL  TRADE DEAL WITH JAPAN A DEAL THAT HAS NOT MADE PROGRESS. WE HAD A PHENOMENAL YEAR IN  2017 WITH JAPAN. WE'RE UP OVER 20 PERCENT. WE'RE GOING TO BE ALMOST TWO BILLION IN SALES TO  JAPAN. AND THAT'S DESPITE THE FACT THAT WE ARE AT A 12 PERCENT DUTY DISADVANTAGE WITH  AUSTRALIA. THEY HAVE THEIR OWN BILATERAL AGREEMENT WITH JAPAN. SO IT'S ESSENTIAL THAT LONG  TERM WE EITHER GET A REINCARNATED VERSION OF TPP FOR BEEF PRODUCERS OR WE GET OUR OWN  BILATERAL AGREEMENT. THIS HAS BEEN THE MESSAGE CHINA IS A NEW MARKET THE US OPEN LAST  YEAR BUT IT'S A VERY SMALL IMPACT NOW. YOU KNOW IT WAS 1 PERCENT OF PEOPLE MOVE MOVEMENT  LAST YEAR AS WHAT THEY MIGHT SLOW BUT A START AFTER NOT SO INTO FOR THE PAST 30 YEARS MY FIRM  OPINION IS THAT CHINA IS ALL ABOUT PRICE ANYWAYS SO WE'RE STILL YOU KNOW HEAVY COMPETITION  WITH AUSTRALIA BRAZIL AND AT THAT POINT IT'S ALL ABOUT PRICE FOR CHINA. INDUSTRY LEADERS SAY THEY  ARE LOOKING AT NEW MARKETS. ONE OF THEM COULD BE AFRICA. IT'S SMALL AT THE MOMENT BUT YOU'VE  GOT THE YOUNGEST DEMOGRAPHIC IN THE WORLD A BILLION PEOPLE IN THE CONTINENT OF AFRICA AND THE  GROWTH RATES ARE HUGE THERE ECONOMISTS ARE ESTIMATED TO BE TWO BILLION PEOPLE BY 2050. NOT  EVERYONE IN AFRICA CAN AFFORD OUR PRODUCTS EVEN IF IT'S ONLY THE TOP 10 PERCENT. THAT'S THE SIZE  OF JAPAN. I HOPE THE INDUSTRY SHARES THAT TRADE WILL PROGRESS AND NOT RELAPSE. I'M OPTIMISTIC  THE ADMINISTRATION CAN DO WHAT THEY SAY THAT THEY'RE GOING TO DO. REPORTING IN PHOENIX  ARIZONA I'M BETSY JIBBEN. 

NCBA’S WISH LIST
ALSO AT THE TRADE SHOW, NCBA UNVEILING ITS 2018 POLICY PRIORITIES. THIS  LIST GUIDES THE LOBBYING GROUP'S EFFORTS IN WASHINGTON. THIS YEAR THE GROUP WILL FOCUS ON FIVE MAIN CATEGORIES - THE FARM BILL,  TRADE AND MARKET ACCESS, REGULATORY REFORM, ANTIMICROBIAL USE, AND  WHAT THE GROUP CALLS 'FAKE MEAT'. MOST OF THE ISSUES ARE PROBABLY FAMILIAR TO YOU. BUT NCBA ADDED THOSE  LAST TWO ISSUES JUST THIS YEAR. NCBA SAYS IT WILL FOCUS ON 'PROTECTING' THE INDUSTRY AND CONSUMERS  FROM PRODUCTS THAT DO NOT CONTAIN REAL BEEF BUT ARE MARKETED AS  MEAT ALTERNATIVES BUT STILL OFFER PROTEIN.

THE OTHER WHITE MEAT
THE NATIONAL PORK BOARD HAS BEEN ORDERED TO STOP PAYING FOR USAGE  OF THE WELL-KNOWN CATCH-PHRASE "PORK - THE OTHER WHITE MEAT". THE PORK BOARD - THE CHECKOFF - BOUGHT THE SLOGAN FROM THE NATIONAL  PORK PRODUCERS COUNCIL IN 2006.  THE HUMANE SOCIETY OF THE U-S, AND ANOTHER ACTIVIST GROUP,  SUED TO  CHALLENGE THE SALE. IT CLAIMED CHECKOFF DOLLARS COULD ILLEGALLY  INFLUENCE LEGISLATION. A FEDERAL JUDGE ORDERED LAST WEEK THE PORK CHECKOFF TO STOP  SENDING THE PAYMENTS. THE JUDGE SAYS THE PREVIOUS PAYMENTS MAY HAVE  COVERED THE VALUE OF THE TRADEMARKS IN THE PAST. BUT SINCE THE SLOGAN  IS NO LONGER USED - AND HASN'T FOR SEVERAL YEARS - THAT VALUE HAS  CHANGED.

CHICKEN PRICES CONSPIRACY
TOP U.S. FOOD DISTRIBUTORS ARE SUING THE COUNTRY'S BIGGEST CHICKEN  PROCESSORS FOR ALLEGEDLY CONSPIRING TO INFLATE PRICES.  SYSCO, US FOODS HOLDING, RETAILER WINN-DIXIE AND OTHERS SAYING  AMERICA'S CHICKEN PRODUCERS MADE ILLEGAL AGREEMENTS AND RESTRAINED TRADE. THEY'RE SUING TYSON FOODS, PILGRIM'S PRIDE, SANDERSON FARMS AND  PERDUE FARMS IN FEDERAL COURT IN ILLINOIS  THE PLAINTIFFS ALLEGE PROCESSORS CURBED THE SUPPLY OF CHICKENS BY  LIMITING BREEDER BIRDS THAT PRODUCE FLOCKS THAT ARE ULTIMATELY  SLAUGHTERED FOR MEAT CONSUMPTION.  THE BIG PROCESSORS DENY THOSE ALLEGATIONS...OR DECLINED TO COMMENT.

HSUS LATEST
THE HUMANE SOCIETY OF THE UNITED STATES VOTING THURSDAY TO KEEP  CHIEF EXECUTIVE WAYNE PACELLE IN HIS JOB AFTER AN INTERNAL  INVESTIGATION IDENTIFIED THREE COMPLAINTS OF SEXUAL HARASSMENT  AGAINST HIM.  SEVEN BOARD MEMBERS - OF 31 - PROMPTLY RESIGNED IN PROTEST  IMMEDIATELY AFTER THE DECISION.

 

MIKE HOFFMAN HELPING US GET THE WEEK STARTED RIGHT WITH A LOOK  AT  WEATHER CONDITIONS FROM A UNIQUE PERSPECTIVE IN MINNESOTA. MIKE. GOOD MORNING CLINTON FOOTBALL FANS IN MINNEAPOLIS FOR THE BIG GAME THIS PAST WEEKEND HAD  ANOTHER WAY TO ENJOY MINNESOTA'S FINE WINTER WEATHER - ZIPLINING  ACROSS THE MISSISSIPPI RIVER!. SURE THE TEMPERATURE WAS IN THE SINGLE DIGITS.  BUT YOU CAN'T BEAT THE  VIEW OF THE SNOWSCAPE ALONG THE MIGHTY MISSISSIPPI. "I THINK A LOT OF PEOPLE WHEN THEY SAY 'OH THEY ARE GOING TO HAVE A SUPER BOWL IN  MINNEAPOLIS, UP NORTH, IT'S GOING TO BE COLD.' YEAH MAYBE BUT WE'RE GONNA SEND YOU 750 FEET  ACROSS THE MISSISSIPPI RIVER TO SHOW IT'S OK TO HAVE FUN IN THE WINTER.""I AM 71 YEARS OLD AND IT'S ONE OF THESE THINGS WHERE YOU NEVER KNOW HOW MUCH LONGER YOU  GOT SO IF YOU HAVE A CHANCE TO DO A ZIP LINE YOU BETTER DO IT."> YOU START FROM A 100 FOOT TOWER, TRAVE; 750 FEET ACROSS TO A 30 FOOT  TOWER. YOU'LL GO ANYWHERE FROM 20 TO 30 MILES PER HOUR. IT TAKES ABOUT  30 SECOND TO GET ACROSS. THE ZIP LINE IS ONLY TEMPORARY - IT CLOSED YESTERDAY. AND I THINK I'LL STAY ON THE GROUND FOR THAT ONE. HERE'S THE WEATHER ESTIMATED RAINFALL AS WE  REALLY SEE NATIONALLY IT MOSTLY OCCURRED IN THE SOUTHEAST. WELL IT'S AN AREA WHERE WE EXPECT  THE RAIN AND THE SNOW THIS WEEK COMING UP WITH MY FORECAST. FIRST HERE ARE SOME HOMETOWN  TEMPS.

TEASE
WHEN WE COME BACK WE'LL GET YOU PREPARED FOR THE WEEK AHEAD WITH  OUR MONDAY ROUNDTABLE DISCUSSION AT THE AGRIBUSINESS DESK. PLUS MACHINERY PETE IS HERE. STAY TUNED FOLKS. COMING UP WE'RE GOING TO TALK ABOUT A FARM AUCTION IN CENTRAL ILLINOIS LAST WEDNESDAY.  AND LATER WE'RE OFF TO PHOENIX FOR THE WEIRD STUFF ONE CAN FIND AT A  TRADE SHOW. ONE DREAM. TWO PRIZES. THREE FIELDS.  SHOW US YOUR FARM AND YOU COULD WIN A $10,000  DONATION FOR YOUR COMMUNITY, PLUS A DREAM SPORTS TRIP FOR YOU.  TO ENTER, VISIT  POWERTODOMORE-DOT-COM.  SPONSORED BY RESICORE HERBICIDE. 

AGRIBUSINESS
ALL RIGHT HERE AT THE AGRIBUSINESS WE GOT JIM MCCORMICK WITH ALLENDALE AND JOHN PAYNE HE  WRISTES THE NEWSLETTER THIS WEEK IN GRAIN AND OILSEEDS THANK YOU BOTH FOR BEING HERE. ALL RIGHT  WHAT DID WE LEARN LAST WEEK AND HOW IS THAT GOING TO GET US READY FOR THIS WEEK. JOHN WE'LL START WITH YOU. WELL WE LEARN THAT WE HAVE SOME WEATHER ISSUES OUT THERE. OK FIRST TO SOUTH AMERICAN ISSUES STEMMING FROM THAT CENTRAL ARGENTINE AREA THAT'S ABOUT 110 DEGREES RIGHT  NOW AS WE'RE WE'RE TALKING. AND THEN OUT WEST OBVIOUSLY WE'RE HAVING SOME ONLY PROBLEMS I  HATE TO PEG IT AS SOME SORT OF HUGE ISSUE AT THIS POINT IN JANUARY OR FEBRUARY. BUT YOU KNOW  THE SEEDS OF A MAJOR PROBLEM ARE SOWING OUT THERE STARTING WITH WHEAT AND AS WE GET INTO  SUMMER CROPS WE'LL BE WATCHING FOR THOSE WEATHER CHANGES THAT I THINK DON'T DICTATE THE  PRICE ACTION. SURE. ABSOLUTELY. JIM WHAT'S YOUR TAKE ON LAST WEEK WHAT DID YOU LEARN. WELL I  HATE TO COPY JOHN HERE BUT I THINK WEATHER IS KEY WE ARE IN A FULL FLEDGED WEATHER MARKET IN  ARGENTINA RIGHT NOW GOING TO THE END OF THE WEEK LAST WEEK. THERE WAS RAIN IN THE FORECAST  COMING OUT THE BEGINNING OF THIS WEEK WE'RE GOING TO SEE DOES IT ACTUALLY RAIN BECAUSE OF THE  RAIN. THE MAPS ARE SAYING WE'RE GOING TO DRIVE THIS INTO THE WEEKEND IT'S LATE NEXT WEEK OR  THIS WEEK WHEN THE RAIN COMES IN AND IF IT'S COMING IN IS PILING UP PUTS PRESSURE ON THE MARK  IF IT MISSES WE'RE PROBABLY GOING TO SEE ANOTHER LAKE HIGHER. OK JOHN SO AS WE WORK OUR WAY  INTO FEBRUARY WHERE DO WE SIT. HOW DO WE START GETTING PREPARED FOR. WHAT COULD BE A  WEATHER ISSUE EITHER HERE OR IN SOUTH AMERICA. WELL I THINK FROM THE CORN SIDE PRODUCERS  NEED TO FIRST LOOK AT IT YOU HAVE BUSHELS IN STORAGE OR BUSHELS ON FARM LIKE THAT. THAT IS KIND  OF. COULD BE AN INSURANCE POLICY AND UNION DECIDE WHAT WE'RE GOING TO DO WITH THOSE AND  MOVE THEM HERE AT THE END OF THE FIRST QUARTER LOOKING FOR SOME REVENUE. KNOW MENTION CALL  OPTIONS OR SOMETHING TO KEEP YOUR EAR KIND OF TOPSIDE OPEN HERE BECAUSE HAVING SOMETHING  ON HAND WILL REALLY BE HELPFUL AS THIS SUMMER RALLY STARTS IF WE GET ONE. JIM WHAT ABOUT YOU.  THE THING I THINK YOU'VE GOT YOU KNOW GOING INTO FEBRUARY YET TO GET YOUR YOUR DUCKS IN ORDER PRETTY MUCH YOU KNOW THE BALANCE SHEETS OF BANKS ARE CALM PEOPLE IN I THINK YOU WANT TO  HAVE A MARKETING PLAN. THAT'S WHAT OUR PRODUCERS WERE TELLING. GET A MARKET PLAN. GET IT IN  PLACE. YOU KNOW SELL SOME GRAIN. GET A LOT OF BRIGG'S WANT SOME REVENUE. SHOWING THE  YOURSELF THE BANK YOU CAN USE OPTIONS TO REINTEGRATE. I MEAN WEATHER IS GOING TO BE KEY  WHETHER SOUTH AMERICA WHETHER THE UNITED STATES WILL ALWAYS REMEMBER WHERE THE RALLY  DON'T HOLD ON THE GREAT HOPE BEFORE THE WHY THE RALLY MARKED THE GREEN FOR PROFITABILITY. THE  NEWS THE OPTIONS WHERE THE WILD WEATHER RALLY BELYKH. ALL RIGHT APPRECIATE IT. THANK YOU BOTH  AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET. 

WEATHER
WELCOME BACK TO AGDAY ON THIS MONDAY MORNING WITH MIKE HOFFMAN AS WE CHECK OUT RAINFALL  OVER THE LAST WEEK OR SO AND AS YOU SAID EARLIER MOSTLY ON THE EASTERN SIDE OF THE COUNTRY IT  REALLY HAS IN THE FAR NORTHWEST BUT OTHER THAN THAT AND FIRSTLY THE DROUGHT AREAS JUST NOT REALLY  SEEING IT. WHEN YOU ZOOM IN A LITTLE BIT YOU CAN SEE THE MOISTURE FROM LOUISIANA SOUTHEAST  TEXAS ALL THE WAY UP TO RALEIGH AND NORFOLK ALONG THE MID-ATLANTIC. THIS WEEK THOUGH I  EXPECT THIS MOISTURE TO BE ONE OR TWO STATES FARTHER NORTH INTO THE TENNESSEE AND OHIO RIVER  VALLEY ON UP INTO THE NORTHEAST AS SHOWN IN THE FORECAST COMING UP. UNFORTUNATELY OKLAHOMA  TEXAS BACK IN WITH THE SOUTHWEST. I STILL DON'T SEE A LOT OF MOISTURE FOR YOU FOLKS OVER THE  COMING WEEK. NOW LET'S TAKE A LOOK AT THE JET STREAM WE DEFINITELY SEE THE PATTERN IS GONE  BACK TO WHAT WE SAW DURING THE SECOND HALF OF DECEMBER AND EARLY PARTS OF JANUARY TROUGH  IN EAST RIDGE IN THE WEST. AND YOU CAN SEE PIECES OF ENERGY ROTATING AROUND THIS BIG UPPER  LEVEL LOW PRESSURE SYSTEM NEAR HUDSON BAY THAT WILL CONTINUE TO BRING IN THE COLD AIR. THERE'S  THE MIDDLE OF THE WEEK BY THE END OF THE WEEK YOU'LL NOTICE ARMATO KIND OF SHOWING IT GOING  ZONAL THROUGH THE SOUTHERN TIER OF STATES SO THE COLD AIR DOESN'T GO QUITE AS FAR SOUTH THIS  TIME AROUND AT LEAST SO FAR OUT OF THIS SYSTEM AND HERE'S A LITTLE BIT OF A WRINKLE THAT WASN'T  SHOWING UP ON OUR COMPUTER MODELS UNTIL JUST THE LATEST RUNS. AND YOU CAN SEE IT BRINGS A  CUTOFF LOW INTO THE SOUTHWEST AND THAT KIND OF BRINGS A TROUGH AT LEAST TEMPORARILY INTO THE  WEST. I DON'T THINK THAT HOLDS. YOU'LL STILL SEE THIS BIG CIRCULATION IN EASTERN CANADA. THAT  SHOULD BRING THE TROUGH BACK INTO THE EAST. EVEN IF THIS DOES HAPPEN AGAIN THIS IS KIND OF THE  FIRST TIME WE'VE SEEN THAT MOST OF THE RUNS HAVE BEEN COLD IN THE EAST AND THAT'S WHAT I'M  GOING FOR THIS WEEK AND THAT THAT TROUGH SHOWING IN THE WEST WAS NEXT WEEK ANYWAY BUT MY  FORECAST FOR THIS WEEK BELOW NORMAL. BASICALLY MOST AREAS EAST OF THE ROCKIES EXCEPT FOR  FLORIDA ABOVE NORMAL ABOVE NORMAL FROM THE CONTINENTAL DIVIDE WESTWARD AS FAR AS  PRECIPITATION THIS WEEK KIND OF A STORM PATH FROM WESTERN CANADA INTO THE CENTRAL PLAINS AND  THEN THE GULF MOISTURE GETS INVOLVED FROM THERE INTO THE NORTHEAST AND THAT'S THE ABOVE  NORMAL AREA EVERYWHERE KIND OF AROUND IT. YOU CAN SEE BELOW NORMAL HERE IS THE 90 DAY  OUTLOOK FOR TEMPERATURES WILL GO FEBRUARY 1ST GOING BELOW NORMAL FOR MOST OF THE AREAS IN  THE EAST. AS YOU CAN SEE ABOVE NORMAL WEST TEXAS FOR CORNER REGION BACK THROUGH  CALIFORNIA MARCH TEMPERATURES STILL BELOW NORMAL FROM THE TENNESSEE VALLEY NORTHWARD AND  BACK INTO MONTANA ABOVE NORMAL TEXAS AND THE SOUTHWEST. THEN WE BRING YOU ABOVE  NORMAL THROUGH THE SOUTHERN TIER OF STATES FOR MARCH BELOW NORMAL FOR THE FAR NORTHERN PLAINS  AS THE COLD AIR KIND OF RETREATS 90 DAY OUTLOOK FOR PRECIPITATION AND GOING NEAR NORMAL IT'S A  TOUGH CALL THROUGH THE MIDDLE OF THE COUNTRY UNFORTUNATELY BELOW NORMAL IN THE DROUGHT AREAS  THROUGHOUT MOST OF THE SOUTHLAND AS YOU CAN SEE THERE. THAT'S A LOOK ACROSS THE COUNTRY.  NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS WHEN NACI WASHINGTON FIRST OF ALL MOSTLY CLOUDY RATHER MILD. HIGH TEMPERATURE OF 49 DEGREES. LAWTON OKLAHOMA A MIXTURE OF SUNSHINE AND  CLOUDS WITH A HIGH OF 55. AND RICHMOND INDIANA TURNING COLDER WITH LOTS OF CLOUDS HIGH OF  27. 

TEASE
MACHINERY PETE AND HIS WEEKLY INSIGHTS INTO THE EQUIPMENT MARKET ARE  NEXT. AND LATER, YOU NEVER KNOW WHAT YOU'LL FIND AT ONE OF THESE BIG TRADE  SHOWS...FUN FROM CATTLMEN'S TODAY ON IN THE COUNTRY. AGDAY - BROUGHT TO YOU BY NEW DELARO FUNGICIDE FOR CORN AND SOYBEANS. ACHIEVE  PERSONAL BEST YIELDS.

MACHINERY PETE
GREG PETERSON IS GREAT AT FINDING TRENDS IN THE AGRICULTURAL  EQUIPMENT MARKET.  THIS WEEK MACHINERY PETE IS STILL SEEING STRONG PRICES PAID FOR GOOD  CONDITION USED EQUIPMENT SINCE THE CALENDAR FLIPPED TO '18. GREG. WELL LAST WEEK FOLKS WE TALKED ABOUT WHAT HAPPENED AT THE END OF 2017 WITH THE USED FARM  EQUIPMENT VALUES AND THEY WENT UP A LITTLE BIT AND THEN THE QUESTION BECOMES WHAT  HAPPENED. PETE WHEN THE CALENDAR FLIPPED INTO JANUARY. WELL I THINK THE PERFECT ANSWER  COULD BE FOUND LAST WEDNESDAY ON A FARM AUCTION IN CENTRAL ILLINOIS. ONE OF MY GOOD FRIENDS  AT MIKE MASKEY AUCTION SERVICE. HERE'S THE COMBINE ON THIS FARM SALE. IT WAS AN 05 JOHN  DEERE 9660 STS. 1868 ENGINE HOURS ON IT SOLD FOR 73000 DOLLARS. FOR COMPARISON SAKE LAST  YEAR THE AVERAGE AUCTION PRICE ON A 9660 WAS FIFTY NINE THOUSAND TWO HUNDRED TWENTY TWO  DOLLARS. NOW IF WE TALK TRACTORS ON THE SALE LAST WEDNESDAY MIKE SOLD A PAIR OF CASE IH  MX230S. HERE'S A PICTURE OF THE OLD THREE MODELS JUST OVER 24 HUNDRED DOLLARS. THIS THING  SOLD FOR SIXTY NINE THOUSAND DOLLARS. THEY ALSO HAD AN 04 MODEL JUST OVER 3200 HOURS THAT  WENT FOR 60000 OF THOSE TWO PRICES. THAT'S THE THIRD AND THE FIFTH HIGHEST AUCTION PRICE ON AN  MX230 I'VE SEEN THE LAST THREE AND A HALF YEARS. BUT REALLY THE TRACTOR THAT POPPED THE MOST  ON THE SALE LAST WEDNESDAY IN CENTRAL ILLINOIS WAS THIS 1995 CASE IH 5250 2 WHEEL DRIVE.  ONE OWNER 2070 HOURS ON SALE FOR 40000 BLOCKS. FOLKS I HAD TO GO BACK 17 YEARS TO FIND AN  AUCTION PRICE THAT HIGH ON A TWO WHEEL DRIVE 5250. SO I THINK THIS SALE IS NICE CONDITION STUFF  THE STRONG PRICES SHOWS THAT THIS TREND IS HOLDING THE DEMAND IS THERE FOR THIS NICEST STUFF AND  AGAIN PRICING VERY SOLID. 

TEASE
THANKS GREG. ALRIGHT, WINTER TRADESHOWS ARE ALWAYS FUN AND ONCE IN A WHILE..A LITTLE  BIT WEIRD. GET THE STORY BEHIND THE COSTUMES NEXT ON IN THE COUNTRY.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAY. CONVENTIONS - LIKE AN AIRPORT AND A COUNTY FAIR - ARE OFTEN A GOOD PLACE TO WATCH  HUMANITY. YOU SEE PEOPLE OF ALL SHAPES AND SIZES....AND SOMETIMES,  COSTUMES. WHILE AT THE CATTLE INDUSTRY CONVENTION, AGDAY PHOTOGRAPHER RUSS  HNATUSKO CAUGHT-UP WITH SOME OF THE UN-CONVENTIONAL CHARACTERS.  WE'RE JUST HERE CELEBRATING AGRICULTURE. WE'RE HERE TO TAKE PICTURES WITH PEOPLE INTERACT  WITH THE GUESTS. JUST HAVE A GOOD TIME KIND OF ADD A LITTLE BIT OF ENVIRONMENT SOME LIVING  DECORATIONS. AND PEOPLE ARE SEEMING TO REALLY ENJOY IT. OH I'M HUNGRY. THIS IS ALL REAL FRUIT. I  HAD ABOUT THREE PEOPLE WORKING ON ME DOING DOING ALL THE BODY PAINT DOING THE MOSS DOING  THE MAKEUP DOING THE HAIR AND THE COSTUME. TO BE HONEST I DIDN'T EVEN KNOW WHAT THE EVENT  WAS COMING INTO. AND LIKE YOU KNOW LIKE OH WONDERFUL. I SAY THAT WE'RE ALL JUST CELEBRATING  AGRICULTURE. I'M REPRESENTING FOOD. ALL WE HAVE ARE OUR COWBOY ARE REALLY REALLY TALL COWBOY  I'M STILL WALKING AROUND. WE ALSO HAVE OUR COTTON CANDY GIRL WHO HAS HER OWN LITTLE. SHE'S THE  LIVING TABLE. SO THE COTTON CANDY IS IN HER DRESS AND YOU CAN HAVE YELPERS YOURSELF THE  COTTON CANDY. WE HAVE A TREE. WE HAVE RAINSTORMS. IT'S JUST. A LITTLE BIT OF A DIFFERENT TAKE.  BUT. WHY NOT MY NAME. SALE SELL THE TREE THE ROAD A LITTLE BIT. SHE LOOKS LIKE THE VILLAIN ON ANY  SUPERHERO MOVIE. IF I CAME IN A MEAT DRESS I WOULD HAVE JUST BEEN MISTAKEN FOR LADY GAGA.  ARE YOU SCARED OF THE CLOWN. LIKE THE CLOWN. WE'RE FRIENDS. I WOULDN'T BE HERE WITHOUT THE  RAIN SO. I HAD A CHOICE BETWEEN A RAIN CLOUD AND A TREE. I THINK A TREE HAS A LITTLE MORE  PERSONALITY. ONLY TELL SIX SO I'M ALMOST DONE . ONE LADY CAME UP AND POKED HIM DIRECTLY ON  MY BELLY BUTTON FOR THE MOST PART PEOPLE JUST ASKED FOR PICTURES. PEOPLE. TRY TO COME UP WITH  LITTLE LIKE CHEESY COMMENTS TO SAY TO ME TOO SO. OH SHE SAID. THE PEOPLE. SHE ASKED ME IF  ANYBODY. ANYBODY'S ASKED ME IF THEY CAN SQUEEZE ME. NO YOU'RE THE FIRST. IT'S BEEN FUN  THOUGH.

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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