AgDay Daily Recap - January 17, 2018

January 17, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 17, 2018

HEADLINES

THE DOW SETS FRESH RECORDS AS WORLD LEADERS PREPARE TO TALK ABOUT  THE GLOBAL ECONOMY. IN AGRIBUSINESS...DEFENDING THE BALANCE SHEET. A HOT SHIPMENT OF PRODUCE REVEALS A SURPRISE ON THE PACKER TV. AND TEACHING FUTURE COOKS THE INS AND OUTS OF RAISING A BETTER STEAK. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

DOW HITS ANOTHER RECORD
GOOD MORNING I'M CLINTON GRIFFITHS. THE WHIRLWIND KNOWN AS WALL  STREET SAW ANOTHER RECORD DAY ON TUESDAY. THE DOW JONES INDUSTRIAL AVERAGE SHATTERED A PREVIOUS RECORD THAT  STOOD FOR ONLY SEVEN TRADING DAYS. THE DOW BLEW PAST 26-THOUSAND FOR THE FIRST TIME EVER. IT COMES JUST A  WEEK AFTER HITTING 25-THOUSAND. ANALYSTS SAY IT SHOWS FURTHER EVIDENCE THAT THE LONG-RUNNING BULL  MARKET IS ALIVE AND WELL. THE DOW CROSSED 25-K ON JANUARY 4TH, THE THIRD TRADING SESSION OF THIS  YEAR. THIS SAME INDEX HIT 24-THOUSAND ON THE LAST DAY OF NOVEMBER.

DAVOS ECONOMIC SUMMIT
TAX REFORM, COMPANY EARNINGS, GOOD ECONOMIC DATA AND INVESTOR  ENTHUSIASM ARE FEEDING THE BULL MARKET. PRESIDENT TRUMP WILL BE ABLE TO TAKE THE DOW RECORD-RUN WITH HIM  NEXT WEEK AS HE DELIVERS THE CLOSING ADDRESS AT THE WORLD ECONOMIC  FORUM IN DAVOS SWITZERLAND. THE W-E-F IS THE "WHO'S WHO" IN GLOBAL ECONOMICS. BUT IT ALSO DRAWS  CELEBRITIES WITH THEIR POLITICAL AGENDAS. THE DAVOS CONFERENCE IS AN ECONOMIC GATHERING - MORE THAN 19- HUNDRED PRIVATE SECTOR LEADERS WILL BE ON HAND. THEY WILL FOCUS ON INTERNATIONAL SECURITY, THE ENVIRONMENT AND THE  GLOBAL ECONOMY IN GENERAL . "I THINK PARTICIPANTS ARE REALLY LOOKING FORWARD TO ALSO HEAR THE LEADER OF THE LARGEST ECONOMY  IN THE WORLD, PRESIDENT TRUMP  SHARE HIS VISION FOR THE GLOBAL ECONOMY MOVING FORWARD. BUT I  THINK ALL WE HAVE PRESENTED HERE TODAY SHOWS THAT WE REALLY CARE ABOUT GROWTH BEING MORE  INCLUSIVE, ABOUT SKILLS, ABOUT EQUAL OPPORTUNITIES."> PRESIDENT TRUMP IS ONE OF SEVENTY HEADS OF STATE TO BE ATTENDING THE  GATHERING IN THE RESORT IN THE SWISS ALPS.

NAFTA RENEGOTIATIONS
ALSO ON HAND AT THE FORUM, THE NEGOTIATORS FOR THE NORTH AMERICAN  FREE TRADE AGREEMENT. THOSE NEGOTIATIONS GET SET TO RESUME IN CANADA NEXT WEEK. INTERESTS FROM ALL THREE COUNTRIES WILL BE WATCHING CLOSELY TO SEE IF  A THAW DEVELOPS ON WHAT'S BEEN A RELATIVE STALEMATE THUS FAR. I ASKED FORMER NEBRASKA SENATOR AND FORM SECRETARY OF AGRICULTURE  MIKE JOHANNS ABOUT THE NAFTA RENEGOTIATION WHILE FILLING IN AS HOST ON  AGRITALK. "I THINK PROBABLY WHAT'S GOING ON HERE IS THERE JUST A LITTLE BIT OF BACKING OFF GOING ON AND  RECALIBRATING. THE KEY ISSUE FOR THE PRESIDENT IS GOING TO BE HOW TO COME UP WITH SOMETHING  THAT KIND OF SAVES FACE. AND DOESN'T BLOW THIS WHOLE THING UP BECAUSE THIS HAS VERY VERY  SERIOUS CONSEQUENCES FOR AGRICULTURE. SIR IS THERE IS THERE ANY WAY TO QUANTIFY THE  IMPORTANCE OF NAFTA AND WHAT IT MEANS ACTUALLY AT THE FARM GATE. YOU CAN QUANTIFY IT YOU  CAN LOOK AT THE STATISTICS BUT IN THE REAL WORLD THIS IS SO VERY VERY IMPORTANT FOR JUST THE  AVERAGE FARMER. THE AVERAGE RANCH RANCHER OUT THERE. IS JUST TRYING TO MAKE A LIVING EVERY  DAY AND WITHOUT NAFTA. AND THEN IF YOU GET CROSSWAYS WITH CHINA THIS THING GETS SERIOUS  VERY VERY QUICKLY FOR AGRICULTURE."JOHANNS SAYS THE PRESIDENT'S RECENT COMMENTS THAT DEADLINES MAY  HAVE TO BE PUSHED BACK TO ALLOW FOR THE MEXICAN PRESIDENTIAL  ELECTION IS A SIGN THE ADMINISTRATION IS STARTING TO UNDERSTAND THE SIZE  OF WHAT'S AT STAKE INDUSTRYS LIKE AGRICULTURE.

CHINA BEEF
KEEPING WITH TRADE - 2017 BROUGHT GOOD NEWS TO AMERICA'S BEEF SECTOR  WHEN CHINA AND THE U-S REACHED AN AGREEMENT ON BEEF SHIPMENTS TO  CHINA. IN JUNE THE TWO COUNTRIES FINALIZED DETAILS TO RESUME BEEF EXPORTS  FOR THE FIRST TIME SINCE 2003. THE U-S CATTLE SECTOR WELCOMED THE NEWS BECAUSE OF THE ACCESS TO A  POTENTIALLY ENORMOUS MARKET. BUT WITH ONLY SEVEN MONTHS TO SHIP, EXPORTS WERE LIMITED. BUT  ANALYSTS SAY THERE'S PLENTY OF UPSIDE POTENTIAL. "IT'S A SLOW PROCESS. AND YOU KNOW IF YOU LOOK AT THE MONTH OF NOVEMBER THE MOST RECENT  MONTH CHINA WAS ACTUALLY THE NUMBER 10 BEEF EXPORT MARKET. THAT'S ONE WAY TO LOOK AT IT.  THE REALITY IS THAT WAS ABOUT EIGHT TENTHS OF ONE PERCENT OF OUR TOTAL EXPORTS FOR THE MONTH.  YOU KNOW JUST AHEAD OF THE AMOUNT WE SENT TO THE PHILIPPINES SO FOR THAT FOR THE FIRST 11  MONTHS OF THE YEAR CHINA WAS THE 19TH. NUMBER 19 MARKET JUST AHEAD OF KUWAIT."OVERALL, PEEL SAYS THE KEY GOING INTO 2018 FOR CATTLE MARKETS IS TO  BUILD-UP DEMAND AS BEEF PRODUCTION WILL LIKELY HIT A RECORD IN 2018.

CROP COMMENTS
LETS CHECK ON TEMPERTURES AND CONDITIONS FROM ACROSS THE COUNTRY. FOR THAT WE HAVE TODAY'S CROP COMMENTS WITH MIKE HOFFMAN.  GOOD MORNING MIKE. GOOD MORNING CLINTON. SOME VERY COLD TEMPERATURES HERE AT MIDWEEK ACROSS FARM COUNTRY. OF COURSE IT IS CALVING SEASON IN MANY PLACES INCLUDING AT JIM KOENIG'S  OPERATION. HE SNAPPED THIS QUICK PHOTO OF NEWBORN CALVES SNUGGLED WITH THEIR  MOTHERS OUTSIDE OF THE BARN THIS WEEK. HE SAYS THE WIND CHILL AT 4 A.M. IN GRAND ISLAND NEBRASKA WAS NEGATIVE  25 DEGREES. NOW TAKE A LOOK AT THE WIND FORECAST YOU'RE GOING TO SEE A FAIR AMOUNT OF WIND UP ACROSS THE  NORTHERN PLAINS INTO THE GREAT LAKES A LOT OF THAT'S GOING TO BE A WESTERLY WIND BRINGING IN  MILDER TEMPERATURES. BUT IT'S STILL GOING TO KEEP WINDCHILLS DOWN BECAUSE OF THAT UNTIL IT REALLY  DOES WARM UP. ALSO SOME WIND A LITTLE BIT IN THE SOUTHEAST BUT ESPECIALLY INTO THE PACIFIC  NORTHWEST WHERE ANOTHER BIG STORM SYSTEM COMING IN OUT THERE AND YOU CAN SEE THAT AS WE  HEAD INTO THE DAY TOMORROW AND THAT WILL INCLUDE SOME OF THE HIGHER ELEVATIONS OF NEVADA  AND CALIFORNIA AS WELL. AS YOU CAN SEE WELL CHECK OUT YOUR FORECAST AS WE HEAD THROUGH THE  NEXT COUPLE OF DAYS COMING UP. BUT FIRST HERE ARE SOME HOMETOWN TEMPS. YOUR NEXT PIECE OF EQUIPMENT IS ON MACHINERY PETE DOT COM. SEARCH EQUIPMENT FROM  DEALERSHIPS ACROSS THE COUNTRY TO FIND WHAT YOU'RE LOOKING FOR. ONLY ON MACHINERY PETE DOT  COM. THE MACRO ECONOMY MAY BE ROARING BUT THE FARM ECONOMY IS YET TO  CATCH FIRE.

TEASE
WHEN WE COME BACK...WE'LL TALK ABOUT DEFENDING YOUR BALANCE SHEET  FROM THE AGRIBUSINESS DESK. AND LATER, A GOOD STEAK STARTS WITH GOOD BEEF. WE'LL SEE HOW THESE  FUTURE CHEFS ARE GETTING OUT OF THE KITCHEN FOR LESSON IN CATTLE. AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL. 

DETROIT AUTO SHOW
IN BUSINESS NEWS - FORD IS TRYING ITS HANDS AT SMALL PICK-UP TRUCKS  ONCE AGAIN. THE COMPANY SHOWING-OFF ITS 2019 FORD RANGER IN DETROIT AT THE NORTH  AMERICAN AUTO SHOW. FORD STOPPED SELLING THE SMALLER TRUCK EIGHT YEARS AND PULLED IT  FROM THE MARKET IN THE U-S AND CANADA. BUT THEY KEPT SELLING THEM IN EUROPE.  FORD FIGURED PEOPLE WOULD GRAVITATE TOWARD SUV'S. "THE LAST TIME THAT WE HAD RANGER HERE IN THE U.S. MARKET WAS IN 2011, BUT IT'S A VERY  DIFFERENT TRUCK, A VERY DIFFERENT PROPOSITION, THAN WHAT WE HAD THEN. THAT SEGMENT WAS MUCH  MORE ABOUT COMPACT, A LITTLE BIT SMALLER. SINCE THEN, WE ACTUALLY INTRODUCED GLOBALLY THE MID- SIZE VERSION OF THE RANGER." > ECKERT SAYS THE NEW RANGER WILL CATER MORE TO THAT CUSTOMER THAT'S  LOOKING FOR THAT TYPE VEHICLE THAT THEY CAN USE FOR WEEKEND- ADVENTURES...AND NOT SO-MUCH THE DAILY WORK, LIKE ON A FARM OR  CONSTRUCTION SITE.

FLOOR OF THE CME
IN AGRIBUSINESS A MIX BAG TO KICK OFF TRADING THIS WEEK--HOWEVER,  SOYBEANS AND HOGS FOUND GREEN ON THE BOARD. LETS SEE HOW THINGS  CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. THE WHEAT MARKET TRADED BOTH SIDES OF UNCHANGED BUT HAS GENERALLY BEEN UNDER PRESSURE SINCE FRIDAY'S REPORT FROM USDA. SO FOLLOWING WHAT HAD BEEN A LITTLE BIT OF A BOUNCE WE REALLY JUST REVERTED BACK INTO BEAR MARKET TERRITORY. THIS IS A MARKET THAT THE FUNDS HAVE BEEN SHORT FOR A LONG LONG TIME. IT'S BEEN A COMFORTABLE SHORE FOR THEM. THEY TOOK A LITTLE BIT OF HEAT ON THAT RALLY DURING JUNE AND JULY. BUT ASIDE FROM THAT THEY'VE BEEN COMFORTABLY SHORT AND THEY'VE BEEN ABLE TO ROLL INTO A SUBSTANTIAL CARRY JUST ABOUT EVERY MONTH WHICH REALLY HELPS THEM TO MAKE MONEY IN THIS MARKET. THE LIVE CATTLE MARKET TRADED BOTH SIDES OF UNCHANGED HERE ON TUESDAY FOLLOWING A LONG HOLIDAY WEEKEND. THE MARKET IS REALLY CONSOLIDATED DURING THE LAST FEW SESSIONS KIND OF DIRECTIONLESS TO MAYBE A LITTLE BIT LOWER HERE. BUT OVERALL NOT THE VOLATILITY THAT WE'VE BECOME ACCUSTOMED TO RANGES OF TIGHTENED UP JUST A LITTLE BIT HERE AS OF LATE FEEDER CATTLE MARKETS BEEN KIND OF INTERESTING. WE'VE SEEN A SHARP REVERSION BACK LOWER AND THE CASH FEEDER CATTLE MARKET. AND THAT IS SOMETHING THAT IS PROBABLY SEEN AS BEING FAVORABLE BY THE FEEDLOTS WHO HAD HAD ISSUES WITH EXPENSIVE FEEDER CATTLE. AGAIN JOE VACLAVIK FROM THE CME GROUP IN CHICAGO.

AGRIBUSINESS
BRIAN BASTING ADVANCE TRADING OUR GUESTS HERE AT THE AGRIBUSINESS DESK. BRIAN LET'S TALK  ABOUT THE CURRENT FINANCIAL SITUATION WE FIND OURSELVES IN STARTING 2018. AND BY ALL ACCOUNTS IT  LOOKS TO BE RATHER LESS THAN EXCITING YEAR LESS THAN DYNAMIC YEAR ALTHOUGH WE STILL HAVE A LOT  OF 2018 LEFT TO GET THROUGH. THAT'S A GREAT POINT CLINTON BECAUSE IF WE WERE TO COME BACK  HERE AND IN JANUARY OF 2019 WE WILL LOOK BACK AND SAY WOW WE DIDN'T EXPECT THAT. SO I THINK  AS A PRODUCER AS A GROWER WHAT YOU ALWAYS WANT TO DO IS BE IN A POSITION WHERE YOU'RE  DEFENDING YOUR BALANCE SHEET BUT ALSO LOOKING FOR OPPORTUNITIES TO BE IF THE MARKET GOES  HIGHER YOU'RE PARTICIPATING. SO EXPLAIN DEFEND YOUR VALUE IF THE BALANCE SHEET IS A GOOD TIME  TO THINK ABOUT IT IS I THINK IT'S JUST A WAY OF GETTING YOUR ARMS AROUND YOUR BUSHELS I.E. HAVING  DOWNSIDE PRICE PROTECTION FOR EXAMPLE ON YOUR BUSHELS HAVING DOWNSIDE PRICE PROTECTION AS  A MARKET WORKS LOWER YOU HAVE PROTECTION AGAINST THAT. ONE WAY YOU MAY CONSIDER DOING  THAT IS PURCHASE A PUT OPTION ANOTHER WAY TO DO THAT IS TO ACTUALLY SELL THE BUSHELS YOU'VE  LOCKED IN THE FLOOR BY A CALL OPTION TO BE A MARKET PARTICIPANT IF WE HAVE A A RALLY BUT DEFEND  YOUR BALANCE SHEET I.E. DO SOMETHING TO GET YOU CONTROL THOSE BUSHELS YOU'RE NOT JUST LETTING  THOSE BUSHELS SIT IN THE BIN WHETHER ON FARM OR IN TOWN AND DO NOTHING BECAUSE THE MARKET  IS GRINDING LOWER AS WE SPEAK AND THOSE BUSHELS ARE LOSING VALUE YOUR REVENUE YOUR  BALANCE SHEET IS WEAKENING IF YOU'RE DOING NOTHING. YEAH AND IT DOES SEEM LIKE WE ARE IN  THIS KIND OF GRINDING PERIOD WHERE EVERY WEEK MAYBE IT'S NOT A BIG MOVE BUT IT'S JUST A LITTLE BIT  OF SOFTENING THERE. I CAN'T UNDERSCORE THAT ENOUGH CLINTON THAT THIS GRINDING FIELD PARTICULARLY  THE CORN IS CHARACTERISTIC OF A HIGH SUPPLY MODERATE DEMAND YEAR. YOU HAVE TO GO BACK  ALWAYS TO SEE THEM BUT THEY'RE VERY CHARACTERISTIC WHERE THE NEARBY FUTURES GO OFF BOARD THE  NEXT FUTURES MARK CONTRACT IN LINE HAS A TENDENCY TO GRAVITATE TOWARD THAT LEVEL AND THEN THAT  CONTRACT GOES OFF AND SO ON AND SO FORTH. WE'VE SEEN THAT MANY TIMES IN THE PAST. NOW AS  YOU WITH YOUR CRYSTAL BALL AS YOU LOOK OUT INTO 2018 IS THERE ANY ONE THING THAT YOU SAY OKAY  THIS IS IF WE CAN GET TO THIS HURDLE THEN THIS GETS US ONTO THE NEXT NEXT PART OF THE YEAR. WELL  ANY TIME YOU TALK ABOUT THOUGH OUR WINTERTIME HERE IN THE U.S. WE GOT TO LOOK AT SOUTH  AMERICA BECAUSE A LOT CAN CHANGE. SOUTH AMERICA HAS BECOME A MAJOR COMPETITOR IN THE  WORLD MARKET BUT THAT MEANS THAT THE WORLD IS DEPENDENT ON WHAT THOSE SOUTH MIRC CROPS  TURN OUT TO BE. SO THE NEXT 60 DAYS CLINTON IS REALLY SOUTH AMERICA. THEN WE GET INTO OUR  WEATHER SEASON OF COURSE. WELL IT'S ALWAYS DYNAMIC. IT'S ALWAYS FUN TO WATCH AND WE'LL SIT  DOWN HERE IN 2019 MENU AND WE'LL TALK ABOUT EVERYTHING THAT HAPPENED THAT WE DIDN'T SEE  COMING. THANK YOU BRIAN. WE'LL BE BACK WITH MORE IN JUST A MINUTE.

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN AS WE'RE WATCHING THIS WINTER STORM  KIND OF IT'S ALREADY MADE ITS WAY OUT TO THE EAST COAST. WHAT'S COMING BEHIND IT. REALLY COLD  AIR BUT IT ONLY LASTS FOR A COUPLE OF DAYS AND THEN WE START TO SEE A WARM UP ACROSS MOST OF  THE EASTERN PARTS OF THE COUNTRY. AND THAT'S ALL BEING PRODUCED BY A COUPLE OF DOMES OF HIGH  PRESSURE AS YOU CAN SEE BUT ONCE THE COLD AIR COMES IN WE'RE GOING TO SEE A WESTERLY FLOW  ACROSS MOST OF THE NORTHERN TIER OF STATES. AND THAT WILL EVENTUALLY BRING IN SOME WARMER  TEMPERATURES AS WE HEAD TOWARD THIS WEEKEND. BUT IN THE MEANTIME IT IS SNOWING ALL THE  WAY DOWN INTO PARTS OF THE PANHANDLE OF FLORIDA THIS MORNING. UP AND DOWN THE  APPALACHIANS ESPECIALLY THE EASTERN SLOPES OF THOSE APPALACHIANS AND INTO THE FOOTHILLS  THERE YOU CAN SEE SNOW ALL THE WAY UP INTO NORTHERN PORTIONS OF NEW ENGLAND AS WELL. LET'S  PUT THE MAPS INTO MOTION. YOU CAN SEE HOW AS WE HEAD THROUGH THE DAY WE ARE GOING TO SEE  THE SUN COME BACK OUT IN MANY PARTS OF THE AREA WHERE IT'S SNOWING IN THE SOUTH THE SNOW  WILL STILL BE LINGERING IN PARTS OF NORTH CAROLINA SOUTH CAROLINA AS WE HEAD THROUGH THE  EVENING HOURS AND ALSO IN MAINE STILL ONGOING PRETTY HEAVY THERE NEXT FRONT STALLS OUT KEMET  COMES INTO THE NORTHERN GREAT LAKES AND THEN IT STAYS NORTH AS THE WARMER AIR CONTINUES TO  COME EASTWARD. AND THAT NEXT STORM SYSTEM COMING IN. PACIFIC NORTHWEST THIS IS A PRETTY  POWERFUL STORM SYSTEM. SO IT'S PROBABLY GOING TO CAUSE SOME ISSUES IN NORTHERN CALIFORNIA  WITH SOME HEAVIER RAIN AND SOME OF THE HEAVIER MOUNTAINS SNOW SOME OF THE HIGHER  ELEVATIONS ALL THE WAY UP INTO THE PACIFIC NORTHWEST AND THE NORTHERN ROCKIES YOU CAN SEE ESPECIALLY ABOUT LATER TODAY THAT'S GOING TO BE THE CASE IN SOME OF THE HIGHER ELEVATIONS OF  OREGON IDAHO MONTANA AND WASHINGTON AND EVEN THE SIERRA NEVADA'S OF CALIFORNIA  OBVIOUSLY BUT EAST OF THE ROCKIES YOU CAN SEE JUST A LITTLE BIT OF SNOW EASTERN GREAT LAKES  AND THAT'S IT BY LATER ON TODAY. MOST OF THE MOISTURE IS GONE EAST OF THE ROCKIES. THE  PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS ADDING IN THE NEXT 36. YOU CAN SEE WE DON'T  ADD TOO MUCH IN THE SOUTHEAST BUT ALL OF THAT SNOW AND IT DOESN'T MELT DOWN TO A WHOLE LOT  BUT IT'S STILL GOING TO BE A DECENT SNOW FOR THOSE FOLKS. AND YOU CAN SEE SOME HEAVIER  AMOUNTS IN THE NORTHEAST BUT ESPECIALLY IN THE NORTHWEST WESTERN WASHINGTON OREGON IN  NORTHERN CALIFORNIA SNOWFALL PAST 24 HOURS ADDING IN THE NEXT 36 ARE GOING TO ADD SOME  DECENT AMOUNTS IN THE NORTHEAST AS YOU CAN SEE THERE AND IN THE SOUTHEAST EVEN THOUGH  THERE AREN'T HUGE AMOUNTS ARE GOING TO BE A FAIR AMOUNT FOR THOSE FOLKS. THERE IS THE  TEMPERATURES THIS AFTERNOON 20S AND 30S COVERING MOST OF THE MIDWEST ALL THE WAY DOWN TO  THE GULF COAST LOW TEMPERATURES TONIGHT GOING TO BE DROPPING INTO THE SINGLE DIGITS AND  TEENS IN PLACES ALL THE WAY DOWN INTO THE OHIO RIVER. TENNESSEE RIVERS AND YOU CAN SEE ALSO  AS WE HEAD INTO TOMORROW STARTS TO WARM UP IN THE WESTERN PLAINS. THAT'S ALL BECAUSE OF THE  REDS THAT'S TRYING TO COME IN. WE HAVE A LITTLE TROUGHS TRYING TO KEEP THE TROUGH IN THE EAST  BUT IT DOESN'T WORK. BIG RIVERS DEVELOPS BY THE WEEKEND NEXT STORM SYSTEM COMING ALONG  WILL PRODUCE SOME RAIN AND SNOW THOUGH THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A  LOOK AT SOME LOCAL FORECASTS WE HAD TO ST. GEORGE UTAH. FIRST OF ALL A MIXTURE OF CLOUDS AND  SUNSHINE TODAY HIGH UP TO 58 DEGREES. AMES IOWA LOTS OF SUNSHINE STILL COLD HIGH OF 23.  ACTUALLY A LITTLE WARMER THAN IT HAS BEEN. SALISBURY MARYLAND LIGHT SNOW AT TIMES HIGH OF 35. 

TEASE
WE'LL CHECK IN ON THE WORLD OF PRODUCE FROM OUR FRIENDS AT THE  PACKER. AND LATER, WE'RE OFF TO THE LONESTAR STATE WHERE THESE CULINARY  STUDENTS ARE LEARNING WHAT IT TAKES TO RAISE A QUALITY STEAK. YOUR NEXT PIECE OF EQUIPMENT IS ON MACHINERY PETE DOT COM. SEARCH EQUIPMENT FROM DEALERSHIPS ACROSS THE COUNTRY TO FIND WHAT YOU'RE LOOKING FOR. ONLY ON MACHINERY PETE DOT  COM. 

PACKER TV
IN NEWS FROM OUR REPORTING PARTNERS AT THE PACKER, U.S. AUTHORITIES  HAVE ENDED A YEAR LONG BAN ON MOROCCAN CITRUS IMPORTS. THE USDA ENACTED THE BAN IN DECEMBER OF 2016, AFTER LIVE  MEDITERRANEAN FRUIT FLY LARVAE WERE FOUND IN A SHIPMENT OF MOROCCAN  CITRUS AT A PHILADELPHIA PORT OF ENTRY. RECENTLY APHIS TRAVELED TO PACKINGHOUSES, GROVES AND SUPPLY CHAIN  POINTS IN MORROCCO ADD SAFEGUARDS FOR TANGERINES, CLEMENTINES,  MANDARINS AND SWEET ORANGE FRUIT FROM THE REGION BEFORE THEY'RE  EXPORTED TO THE U.S. AND SPEAKING IMPORTS AND INSPECTIONS, CUSTOMS AND BORDER PROTECTION OFFICERS  IN LAREDO RECENTLY DISCOVERED A HOT LOAD OF JALAPENOS PEPPERS. WHAT THEY CALL A SECONDARY INSPECTION UNCOVERED MORE THAN A TON OF  MARIJUANA. THE NEARLY 24-HUNDRED POUNDS WAS DIVIDED INTO 15-HUNDRED PACKAGES  VALUED AT ROUGHLY A HALF MILLION DOLLARS. IN OTHER NEWS - THE HUMANE SOCIETY OF THE UNITED STATES SAY IT IS SUING  USDA FOR DROPPING THE ORGANICS RULE. THE FINAL RULE WAS SCHEDULED TO  BE 'FINALIZED' LAST MONTH. THE ORGANICS RULE COVERS STANDARDS FOR ORGANIC MILK, MEAT AND EGGS. THE ANIMAL ACTIVIST GROUP SAYS WITHDRAWING THIS RULE THREATENS TO  ERODE THE INTEGRITY OF THE ORGANIC SEAL.

TEASE
NEXT - WITH FEWER KIDS GROWING-UP ON THE FARM OR RANCH, FEWER AND  FEWER UNDERSTAND WHERE HAMBURGER OR A RIBEYE COMES FROM.  THE  TEXAS FARM BUREAU IS TRYING TO CHANGE THAT - ONE CLASS AT A TIME. IN THE COUNTRY IS NEXT.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAY.RANCHERS IN FAR WEST TEXAS WANT LOCAL CULINARY STUDENTS TO KNOW  MORE THAN HOW TO COOK A GOOD STEAK. SO THEY BROUGHT THEM OUT TO  THE RANCH TO LEARN WHAT GOES INTO PRODUCING QUALITY BEEF.  IN THIS REPORT PROVIDED BY THE TEXAS FARM BUREAU, ED WOLFF TAKES US  TO CLASS WHERE STUDENTS ARE "IMMERSING" THEMSELVES IN ALL-THINGS  BEEF. IN TEXAS, BEEF IS ALWAYS ON THE MENU. AND THE PERSON COOKING IT IS ALMOST AS IMPORTANT AS  THE ONE RAISING IT. FARMERS & RANCHERS AROUND FORT STOCKTON WANT TO MAKE SURE THOSE WHO'LL  BE GRILLING OUR STEAKS IN THE FUTURE KNOW HOW THEIR RAISED TODAY. "WE WANTED TO GET THE KIDS WHO LIVE IN TOWN THAT ARE LOOKING AT GOING INTO CULINARY  OCCUPATIONS, GIVE THEM SOME REAL LIFE EXPERIENCE ON WHAT IT TAKES TO GET BEEF FROM THE  PASTURE TO THE PLATE." ABOUT 70 STUDENTS FROM FORT STOCKTON HIGH SCHOOL GOT A CHANCE TO SEE A WORKING RANCH UP  CLOSE. SARAH MCKENZIE OPENED HER GATES TO THE STUDENTS IN MRS. SALAZAR'S CULINARY CLASSES.  IN A FEW HOURS THEY LEARNED THE BASICS. THE DIFFERENCE BETWEEN A BULL, A HEIFER AND A COW.  HOW THEIR RAISED. HOW THEY'RE TREATED. AND A GLIMPSE AT THE HARD WORK, SWEAT AND TEARS THAT  GOES INTO EVERY CALF. "WHAT WE WANTED TO DO IS SHOW THE KIDS HOW BEEF IS ACTUALLY PRODUCED AND HOW IT COMES  FROM A BABY CALF ALL THE WAY TO THE END PRODUCT. | I THINK MOST OF THEM HAD NEVER BEEN IN AN  AGRICULTURAL SETTING BEFORE. | SO HOPEFULLY THIS WILL GIVE THEM JUST A LITTLE BIT OF TASTE AND  IDENTITY OF HOW WE GET FOOD TO THEM." STUDENTS LEARNED HOW AND WHY RANCHES LIKE SARAH'S USES ARTIFICIAL INSEMINATION. THEY HEARD  STRAIGHT FROM RANCHERS ON HOT TOPICS LIKE ORGANIC & CONVENTIONAL. GMO & NON. GRASS-FED &  GRAIN-FINISHED. PLUS THEY GOT TO SEE FIRSTHAND HOW ULTRASOUND IS USED ON CATTLE TO CHECK FOR  RIB-EYE SIZE & MARBLING. "IT'S COOL COMING OUT HERE AND SEEING ALL THE CATTLE AND STUFF. | THE ULTRASOUND I THOUGHT THAT  WAS PRETTY INTERESTING. | SEEING HOW MUCH MORE GOES INTO IT WAS WHAT WAS REALLY ASTONISHING  TO ME." THIS IS THE SECOND SESSION OF THREE THE PECOS–REEVES COUNTY FARM BUREAU IS SPONSORING.  ALONG WITH THE TEXAS BEEF COUNCIL & TEXAS A&M AGRILIFE EXTENSION. THE FIRST TAUGHT  STUDENTS ABOUT THE DIFFERENT CUTS OF BEEF. THE LAST WILL TAKE THEM TO THE MEATS LAB AT SUL ROSS  UNIVERSITY IN ALPINE TO SEE THE MEAT ACTUALLY BEING CUT. "I DON'T THINK THEY REALIZE HOW MUCH AGRICULTURE THEY ARE EXPOSED TO IN EVERYDAY LIFE. | BUT I  THINK THROUGH THIS PROGRAM THEY'RE LEARNING AND BECOMING MORE AWARE THAT AGRICULTURE  EFFECTS THEM EVERY DAY." A FEW OF THESE STUDENTS LIVE ON LOCAL RANCHES BUT THE VAST MAJORITY LIVE TOWN. THESE WEST  TEXAS RANCHERS, YOUNG AND OLD, HOPE THIS BEEF CULINARY IMMERSION EXPERIENCE OPENS THE  STUDENT'S EYES TO THE FUTURE OF AGRICULTURE AND THEIR FUTURE IN IT. "IT GIVES THEM EXPERIENCE AND IT MAY GIVE THEM A NEW CAREER. MAY GIVE THEM A NEW FUTURE.  THIS LINE OF WORK WILL NEVER STOP." WITH THE TEXAS FARM BUREAU, ED WOLFF, FORT STOCKTON.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR MIKE HOFFMAN, AND 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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