AgDay Daily Recap -January 31, 2017

September 6, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 31, 2017


HEADLINES
NEW EXECUTIVE ORDERS TAKE AIM AT  REGULATIONS, PLUS THE CATTLE INDUSTRY GEARS UP FOR A BUSY WEEK OF  INVENTORY NUMBERS AHEAD OF IT'S ANNUAL CONVENTION. IN  AGRIBUSINESS...THE OIL AND GAS MARKET OUTLOOK. THE DAIRY REPORT STOPS IN RUSSIA WHERE SANCTIONS HAVE HELPED  FARMERS GROW--BUT WILL IT LAST. AND SWEET POTATO GROWERS IN LOUISIANA  ARE HOPING 2017 BEATS LAST YEAR GROWING STRUGGLES . AGDAY-BROUGHT TO  YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

TRUMP’S EO ON CUTTING REGULATIONS
GOOD MORNING I'M CLINTON GRIFFITHS. HE CAMPAIGNED ON CUTTING  REGULATIONS, NOW PRESIDENT TRUMP IS BEGINNING THE PROCESS OF EASING  RED TAPE FROM WASHINGTON. THE PRESIDENT SIGNING AN EXECUTIVE ORDER MONDAY, SURROUNDED BY SMALL BUSINESS LEADERS IN THE OVAL OFFICE.  HE SAYS THE ORDER IS AIMED AT "CUTTING REGULATIONS FOR SMALL BUSINESS. THE DIRECTIVE STATES FOR EVERY ONE REGULATION YOU WANT TO PASS, TWO  OTHERS HAVE TO CUT. TRUMP SAYS THE ENVIRONMENT FOR SMALL BUSINESS IS BACK. "IF YOU HAVE A REGULATION YOU WANT, NUMBER ONE, WE'RE NOT GOING TO APPROVE IT, BECAUSE IT'S  ALREADY BEEN APPROVED PROBABLY IN 17 DIFFERENT FORMS, BUT IF WE DO THE ONLY WAY YOU HAVE A  CHANCE IS IF YOU HAVE TO KNOCK OUT TWO REGULATIONS FOR EVERY NEW REGULATION, SO IF THERE IS A  NEW REGULATION, THEY HAVE TO KNOCK OUT TWO. BUT IT GOES FAR BEYOND THAT. WE'RE CUTTING  REGULATIONS MASSIVELY FOR SMALL BUSINESS AND FOR LARGE BUSINESS, BUT THEY'RE DIFFERENT, BUT FOR  SMALL BUSINESS. AND THAT'S WHAT THIS IS ABOUT TODAY AND THIS WILL BE THE BIGGEST SUCH ACT THAT  OUR COUNTRY HAS EVER SEEN. THERE WILL BE REGULATION, THERE WILL BE CONTROL, BUT IT WILL BE A  NORMALIZED CONTROL WHERE YOU CAN OPEN YOUR BUSINESS AND EXPAND YOUR BUSINESS VERY  EASILY AND THAT'S WHAT OUR COUNTRY HAS BEEN ALL ABOUT. SHOULD I SIGN IT? CROWD: ABSOLUTELY."

FILLING THE SUPREME COURT SPOT
THE PRESIDENT ALSO EXPECTED TO ANNOUNCE HIS PICK TO FILL THE SUPREME  COURT SEAT LEFT VACANT FOLLOWING THE DEATH OF JUSTICE ANTONIN SCALIA.  FILLING THE EMPTY SEAT QUICKLY COULD HAVE AN IMPACT FOR AGRICULTURE. THE WATERS OF THE U.S. CASE IS STILL  AWAITING A JURISDICTIONAL RULING BY  THE NATION'S TOP COURT. JUST THIS MONTH, THE SUPREME COURT AGREED TO RESOLVE CONFUSION  OVER WHICH COURT HAS JURISDICTION TO HEAR THE WATERS OF THE U.S.  CHALLENGE.EARLY ON MULTIPLE CASES WERE FILED IN BOTH FEDERAL CIRCUIT COURTS AND  DISTRICT COURTS.BUT QUESTIONS AROSE ABOUT WHO HAD THE FINAL SAY. THAT'S WHAT THE SURPREME COURT SHOULD HELP SORT OUT...EITHER GIVING  THE CASES TO ONE COURT FOR ONE RULING OR ALLOWING MULTIPLE CASES TO  PROCEED.

WAITING FOR SONNY PERDUE’S CONFIRMATION
MEANWHILE STILL NO WORD ON A CONFIRMATION HEARING FOR THE NEW PICK  FOR SECRETARY OF AGRICULTURE, SONNY PERDUE. THE SENATE AG COMMITTEE TELLS AGDAY THERE'S STILL NO DATE SCHEDULED  FOR  HIS HEARING. THAT DOESN'T MEAN HE ISN'T PREPARING TO TAKE THE REINS. THE NECESSARY PAPERWORK IS BEING GATHERED AND THAT DOES TAKE SOME  TIME WITH ALL THE FINANCIALS POTENTIALS CONFLICTS OF INTEREST ETCETERA I THINK IT WILL HELP OUT THAT HE HAD BEEN GOVERNOR IN THE PAST OF  GEORGIA SO IT'S NOT LIKE THE PAPERWORK WENT AWAY SO YOU KNOW THAT WILL HELP BUT IT DOES TAKE TIME SO WE COULD BE LOOKING MID FEBRUARY BEFORE HE'S TOTALLY CONFIRMED BUT THAT DOESN'T MEAN HE'S NOT DOING ANYTHING BEHIND THE SCENES MY TOP SOURCES OF OF SONNY TELL ME THAT HE'S BE ON THE PHONE LITERALLY ASKING HIS HIS BEST CONTACTS IN THE  INDUSTRY WHO THEY WOULD RECOMMEND FOR SOME KEY POSITIONS NOW HE  WON'T HAVE PROBABLY FINAL SAY ON ALL OF THOSE POSITIONS BUT ON A FEW  HE WILL SO HE'S ALREADY DOING THE GROUNDWORK THAT AGRICULTURE  SECRETARIES NEED TO BUILD THEIR OWN TEAM. THE CATTLE SECTOR IS GATHERING THIS WEEK FOR ITS ANNUAL INDUSTRY  CONVENTION AND TRADE SHOW. THE EXPO STARTS WEDNESDAY IN NASHVILLE. ASSORTED CATTLE GROUPS - INCLUDING NCBA - CONDUCT THEIR ANNUAL  MEETING AT THE CONVENTION WHICH IS WHERE THEY SET POLICY AND  OUR OWN BETSY JIBBEN WILL BE ATTENDING THIS YEARS CONVENTION. SHE'LL  PROVIDE COVERAGE THROUGHOUT THE WEEK.

CATTLE ON FEED
THE LATEST CATTLE ON FEED REPORT CONSIDERED BEARISH BY TRADERS. THE NUMBER OF CATTLE PLACE INTO FEEDLOTS IN DECEMBER WAS 18 PERCENT  HIGHER THAN A YEAR AGO. AND IT WAS HIGHER THAN THE TRADE EXPECTED. CATTLE ON FEED CAME IN EVEN AT 10 POINT 6 MILLION HEAD. MARKETINGS ROSE 7 PERCENT. OVERALL TRADERS EXPECTING PRESSURE THIS WEEK. USDA ALSO REPORTING LAST WEEK, RECORD BEEF IN FREEZERS OR COLD STORAGE. AND COMING UP LATER TODAY AT 3 P.M. USDA'S STATISTIC'S OFFICE WILL RELEASE ITS JANUARY CATTLE INVENTORY NUMBERS. IT GIVES AN ACCOUNTING OF CATTLE AND CALVES IN THE U.S.  LAST YEAR THE REPORT SHOWED 92 MILLION HEAD UP 3 PERCENT FROM 2015. THOSE NUMBERS ARE EXPECTED BE HIGHER IN THIS YEAR'S REPORT.

CROP COMMENTS
MIKE HOFFMAN CHECK ON FARM COUNTRY ON THIS LAST DAY OF JANUARY. HE HAS TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. IT APPEARS THE PROTECTIVE SNOW COVER ON WINTER WHEAT IS QUICKLY  MELTING IN THE NORTHERN HIGH PLAINS.  OF COURSE THAT CAN PUT WHEAT AT  RISK FOR FREEZE BURN IF THE THERMOMETER DIPS TOO SEVERLY.  MEANWHILE  USDA'S DAILY WEATHER OUTLOOK ALSO SHOWS A MILD, BREEZY WEATHER PATTERN IS IN  PLACE. THE SOUTHERN PLAINS SAW TEMPS IN THE 70'S MONDAY. MEANWHILE PARTS OF NORTHERN INDIANA GOT A REMINDER THAT WINTER IS  STILL AROUND. OUR PRODUCER SNAPPED THIS PHOTO OUTSIDE HIS HOME  SHOWING HOW MUCH LAKE EFFECT SNOW FELL ON SUNDAY INTO MONDAY. IT  LOOKS TO BE ABOUT EIGHT INCHES. BUT JUST A COUPLE MILES AWAY THEY  RECEIVED ABOUT AN INCH OF SNOW. ...AND NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
WHERE COULD OIL AND NATURAL GAS PRICES BE HEADED IN THE NEW YEAR.  WE'LL TALK ABOUT THAT COMING UP NEXT. AFTER A TOUGH YEAR OF FLOODING AND RUINED CROPS, LOUISIANA'S SWEET  POTATO GROWERS LOOK TO REBOUND THIS YEAR. BUT THEY HAVE A NEW CHALLENGE IN 2017. DETAILS JUST AHEAD ON AGDAY. 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. 

FLOOR OF THE CME
IN AGRIBUSINESS GRAINS FEELING SOME PRESSURE TO START THE WEEK. LETS GET DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. GRAIN MARKETS TRADING LOWER TODAY LED LOWER BY THE SOYBEANS WHICH  HAVE TRADED AS MUCH AS THIRTY CENTS LOWER DURING THE COURSE TODAY.  THE BIG REASON FOR THE SOYBEAN SELL OFF IS THE WEATHER FORECAST IN  ARGENTINA WHICH PROMISES BETTER THAN BETTER CONDITIONS FOR CROP  PRODUCTION. THERE WILL BE SOME RAIN SHOWERS AROUND TOWARDS THE END  OF THE WEEK AT LEAST ACCORDING TO THE FORECAST. AND TEMPERATURES  DON'T LOOK TO BE NEARLY AS BAD AS WHAT PEOPLE ARE TALKING ABOUT BEFORE. LAST WEEK THE TWO EXCHANGES DOWN THERE ROUGHLY BETWEEN FIFTY TWO AND A HALF OR FIFTY THREE AND A HALF MILLION TONS IN TERMS OF  TOTAL PRODUCTION. STILL IT'S A SIGNIFICANT CUT FROM THE 57 MILLION TONS  THE USDA IS PROJECTING. ALSO THE RAINS ARE GONNA BE EXPANDING IN  NORTHERN BRAZIL WHICH COULD REALLY PUT A CRIMP INTO THE HARVEST  PROGRESS UP THERE. THE INITIAL HARVEST PROGRESS UNTIL NOW HAS BEEN  VERY VERY FAST. SO THE OVERALL HARVEST PROGRESS FOR BRAZIL'S RIGHT  ABOUT DEAD ON NORMAL WITH THE NORTHERN AREAS ARE WELL AHEAD OF  NORMAL AND SOUTHERN AREAS BEHIND. MOSTLY LOWER A DAY IN THE LIVESTOCK MARKETS WITH HOGS REALLY TRADING MIXED BUT THE CATTLE, LIVE  CATTLE AND FEEDER CATTLE TRADING SHARPLY LOWER. HOGS REALLY SEEM TO  BE GOING ALONG FOR THE RIDE WITH NOTHING MUCH GOING ON ON EITHER SIDE  OF THE MARKET. BUT WITH THE CATTLE SHARPLY LOWER HOGS ARE HAVING  TROUBLE TRYING TO HOLD ANY TYPE OF A RALLY TOGETHER. THANKS VERY  MUCH THIS IS JACK SCOVILLE I'M VICE PRESIDENT PRICE FUTURES GROUP HERE  ON THE CME GROUP FLOOR WITH SOME COMMENTS FOR THE MARKETS.

AGRIBUSINESS
PETE MEYER PIRA ENERGY OUR GUEST TODAY 'S PETE TALK ABOUT THE OIL MARKETS BECAUSE WITH THIS  ANNOUNCEMENT ABOUT MORE PIPELINES WE'VE GOT STUFF GOING ON WITH OPEC WERE DO WE SIT AS  FAR AS GLOBALLY ON THIS OIL MARKET WELL I THINK OPEC IS IN A TYPICAL CARTEL IS IN IS ONE OF TWO  MEMBERS GETS UPSET WE'VE SEEN THIS FOR SOME OF THEM ALREADY BREAKAWAY. I DON'T PUT MUCH  STOCK IN WHAT I CONCERN MYSELF WITH IS THAT WITH TRUMP IN THE WHITE HOUSE IS TALKING ABOUT  IMPORT TARIFFS ARE THEY GOING TO EXTEND THEMSELVES TO OIL I DON'T SEE HOW THEY CAN'T IF YOU'RE IF  YOU'RE GONNA PUT A TARIFF ON ALL IMPORTS. THAT HAVE BEEN TERRIFIED ON THE OIL IS WELL THE PIPELINES  AND IT WAS MORE CEREMONIAL A THING THEY KIND OF A CAMPAIGN PROMISE HE EVER GONNA PUT IT IN  A LOT OF THAT A LOT OF THE COMPANIES WERE INVOLVED VERY INTERESTED IN THE PIPELINE ARE ARE HAVE  MOVED ON SOMETHING ELSE WHAT IT WILL DO THOUGH IT WILL OPEN UP SOME FREIGHT RAIL FREIGHT FOR  SURE WHICH SHOULD HELP SHOULD HELP GUYS IN A WESTERN BELT INTERESTING AS WE GO THROUGH THE  REST OF THIS YEAR EXPECT TO SEE THIS OIL MARKET CONTINUE THE RISE OF THAT IS OPEN BUT PRESSURE TO  REDUCE PRODUCTION OR NO. WELL I I YOU KNOW ITS HARD I I THINK I THINK THAT MAYBE IN MAYBE NEXT  YEAR WE MIGHT SEE A PRICE AS HIGH AS SIXTY FIVE. THAT 'S KIND OF OUR TARGET FOR NEXT YEAR SIXTY  FIVE SUCH THAT IT 'S TEN DOLLARS TWELVE DOLLARS ABOVE ALL WE ARE NOW I THINK WHAT YOU'RE GONNA  SEE LESS OF THE SETBACKS BELOW FORTY FIVE. LET 'S LET 'S PUT IT THAT WAY. SO THE SEE A SET BACK  DOWN THE FORTY FIVE AND IT AND YOU'RE YOU'RE ITCHING TO BUY SOMETHING. MAYBE THAT 'S THE TIME I  MEAN I THINK THE DOWNSIDE IS PROBABLY FORTY BUCKS. BUT IN THE MEANTIME WE'RE KIND OF STUCK  BETWEEN A FORTY FIVE FIFTY FIVE DOLLARS RANGE. FAR AS WTI IS CONCERNED YOU WOULD TAKE ACTION AT  THIS POINT ARE WATCHING UM NO I'D WATCH IT WATCH IS HOW 'S THAT EVEN A NATURAL GAS MARKET  DOESN'T SEEM LIKE GETS IT OFF AND WE WE'VE HAD OVER A FAIRLY BENIGN BUT NINE YEAR AND HERE  WE ARE IN CHICAGO NO SNOW COVER IT ALL I CAN REMEMBER LAST YEAR IN JANUARY NO SNOW COVER ON  EAST COAST WHERE I LIVE IT'S BEEN RELATIVELY WARM WITH ISLAM OR HE WELL HE 'S COAST. BUT IN  ROUND NUMBER WE HAD WE HAD A SPIKE IN NATURAL GAS. PRICES CAN SET BACK A LITTLE BIT. NOW I  AM NOT. I DON'T THINK IN A RUN AWAY FROM OK APPRECIATE IT PETE WE'LL BE BACK WITH MORE AGDAY  IN JUST A MINUTE. FOR MORE INFORMATION ON PIRAS AGRICULTURAL RESEARCH AND ANALYSIS  CALL 646-478-6465. 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. WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN AND YOU CAN SEE A COUPLE OF SYSTEMS  DIVING INTO THE AND NORTHERN PLAINS THROUGH THE GREAT LAKES TODAY THAT WILL BE PRODUCING SOME  AREAS OF LIGHT SNOW NOW THERE ALWAYS CAN BE A NARROW BAND OF OUR FOUR FIVE SIX INCHES BUT  MORE THAN LIKELY MOST ARE GETTING ONE TO THREE OUT OF THIS SYSTEM AS THEY POST DIVE TOWARD  THE SOUTHEAST HIGH PRESSURE SITTING OVER FLORIDA KEEPING THINGS ON THE CHILLY SIDE BUT LOTS OF  SUNSHINE AND YOU CAN SEE A LOT OF SUNSHINE THROUGHOUT THE CENTRAL AND SOUTHERN PLAINS AS  WELL IN FACT FAIRLY MILD FOR THIS TIME OF THE YEAR IS A WARM AIR IS PUMPING UP ONCE AGAIN INTO THE  CENTRAL AND SOUTHERN PLAINS BUT THIS A SHOT OF ARCTIC AIR SO BY LATER ON TODAY WILL BE SEEN THAT  IN THE NORTH DAKOTA NORTHERN MINNESOTA ONCE AGAIN LIGHT SNOW SCATTERED ACROSS THE GREAT  LAKES INTO THE NORTHEAST A LITTLE BIT OF RAIN ON THE SOUTHERN FRINGES OF THAT. THE STATIONARY FRONT  IS KIND OF THE AT THE BOUNDARY OF THE ORIGINAL ARCTIC AIR OR COLDER AIR AND THE WARMER END OF THE  SOUTHWEST IN SO YOU CONTINUE TO SEE SOME SNOW OVER THE NORTHERN PORTIONS OF THE ROCKIES FROM THAT SYSTEM HEADING THROUGH TOMORROW NIGHT OR THROUGH TONIGHT I SHOULD SAY YOU CAN  SEE SOME LIGHT SNOW WITH THE SECONDARY SYSTEM ACROSS THE GREAT LAKES INTO A PARTS OF THE  OHIO VALLEY MAINLY A CENTRAL ILLINOIS CENTRAL INDIANA NEXT SYSTEM STARTING TO SHOW UP OUT WEST  IT'S BEEN WHAT A WEEK AND A HALF NOW SINCE YOU SAW YOU LAST BIG SYSTEM COME AND THIS IS A  SLOW MOVER BUT IT IS GOING TO BEGIN TO MOVE IN AND SOME RAIN LATER IN THE DAY TOMORROW TO  CENTRAL AND NORTHERN CALIFORNIA AT LEAST THE COASTAL AREAS. OF THAT STATE AND YOU CAN SEE THE  LIGHT SNOW CONTINUES WITH THAT SECONDARY SYSTEM EASTERN GREAT LAKES INTO NEW ENGLAND THERE  'S THAT STRIP OF MOISTURE YOU CAN SEE THE PRECIPITATION ESTIMATE OVER THE PAST TWENTY FOUR  HOURS ADDING IN THE NEXT THIRTY SIX HOURS YOU CAN SEE HOW WE HAVE SOME DECENT AMOUNTS. I  THINK WE'RE LOOKING AT A HALF INCH IN SOME AREAS NOW OF COURSE THAT WOULD BE THE MELTED  SNOW AND A COUPLE OF SPOTS AND A PENNSYLVANIA MIGHT EVEN GET MORE THAN. AND YOU CAN SEE  THE NORTHERN PORTIONS OF THE ROCKIES AND EXCUSE ME CONTINUED TO GET SOME SNOW OUT OF THAT  OF COURSE THAT 'S THE MELTED WHAT IT WOULD MELTDOWN TO GENERALLY A HALF INCH IN MANY OF THE  HIGHER ELEVATIONS SNOWFALL ESTIMATES OVER THE PAST TWENTY FOUR HOURS YOU CAN SEE THAT STRIP  FROM NORTHERN MINNESOTA ALL THE WAY INTO THE SOUTHERN GREAT LAKES ADDING IN THE NEXT THIRTY  SIX WILL CONTINUE TO ADD SOME IN THE NORTHERN ROCKIES AND WE WILL ADD THAT SOME OF THAT  SECONDARY SYSTEM DIVING THROUGH THE GREAT LAKES SO LET 'S CHECK OUT TEMPERATURES YOU CAN  SEE IT HAS BECOME MILD AGAIN CENTRAL AND SOUTHERN PLAINS INTO THE SOUTHEAST ITS STILL CHILLY  ACROSS THE GREAT LAKES INTO THE NORTHERN PLAINS LOWS TONIGHT SEE THE PURPLE AREA KIND OF  COMING SOUTHWARD THAT 'S THAT COLDER ARCTIC AIR BEHIND THAT NEXT FRONT ONLY EIGHT DEGREES  TOMORROW MORNING IN BISMARCK EXPECTED STILL ON THE MILD SIDE THOUGH FOR THE SOUTHERN HALF OF  THE LOWER FORTY EIGHT TOMORROW AFTERNOON AND MORE SEVENTIES DOWN SOUTH AND WE'RE LOOKING  AT TEENS ACROSS THE NORTHERN PLAINS THAT 'S A LOOK ACROSS THE COUNTRY NOW LET'S TAKE A LOOK AT  SOME LOCAL FORECASTS FIRST OF ALL FOR SALEM OREGON TODAY MOSTLY CLOUDY WITH A COUPLE OF  SHOWERS. HIGH TEMPS A FORTY SEVEN IN CARTHAGE MISSOURI PARTLY SUNNY AND QUITE MILD HIGH OF  FIFTY EIGHT AND UTICA NEW YORK CLOUDY. WITH TIMES OF LIGHT SNOW HIGH TEMPS AROUND TWENTY  SEVEN DEGREES.

TEASE
OUR DAIRY REPORT IS NEXT WITH A LOOK AT CHEEESE AND MILK PRICES. PLUS  HOW INTERNATIONAL SANCTIONS CAN HELP FARMERS...DEPENDING ON WHAT  SIDE OF THE BORDER YOU LIVE. AND TRYING TO RECOVER FROM DEVASTATING CROP LOSSES, NOW SOME  LOUISIANA PRODUCERS FACE NEW HEADACHES IN 2017. 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.

DAIRY REPORT
IN OUR DAIRY REPORT, TRADERS KEEPING A CLOSE EYE ON THE SPREAD  BETWEEN BLOCK AND BARREL CHEDDAR CHEESE. LAST WEEK PRICES WERE SEPARATED BY 24 CENTS---MIKE NORTH--WITH  COMMODITY RISK MANAGEMENT SAYS-- ONLY FIVE TIMES SINCE THE TURN OF  THE CENTURY HAS THE SPREAD BEEN THIS WIDE.  BLOCKS ENDING THE WEEK NEAR 1-68 WHILE BARRELS DROPPED TO ROUGHLY  1-44.MEANWHILE, CLASS THREE MILK PRICES SEEING A LITTLE SOFTENING LAST WEEK  AS WELL.BOTH POWDER AND BUTTER FINISHED LOWER. INTERNATIONALLY THE BENCHMARK GLOBAL DAIRY TRADE PRICE INDEX IS UP 66  PERCENT FROM ITS LOW IN MARCH OF 2016. ITS NOW AT ITS HIGHEST POINT IN TWO AND A HALF YEARS. SPEAKING OF PRICES, IN THE U.K. NEW DATA SHOWING RETAIL BUTTER PRICES  HAVE NEARLY DOUBLED--UP 42 PERCENT-- IN JUST THE LAST YEAR. THE SURGING PRICE FOLLOWS BRITAIN'S DECISION TO LEAVE THE E-U...AFTER  IT'S BREXIT VOTE. QUESTIONS ABOUT SUPPLY ARE DRIVE PRICES ALONG WITH DECREASING  PRODUCTION IN THE REGION LAST FALL. THOSE EUROPEAN DAIRY PRICES BEGAN FALLING AFTER RUSSIA INSTITUTUED AN  EMBARGO AGAINST COUNTRIES THAT HAD JOINED THE U-S IN STIFF SANCTIONS.  THOSE SANCTIONS WERE IN RESPONSE TO RUSSIAN TAKING CONTROL OF THE  UKRAINIAN TERRITORY OF CRIMEA. SINCE THEN, RUSSIA HAS FOCUSED ON AGRICULTURAL PRODUCTION AT HOME  AND FARMERS THERE ARE BENEFITTING. BUT UNDER THE TRUMP ADMINISTRATION, THOSE WESTERN SANCTIONS COULD  BE LIFTED....AND RAISING UNCERTAINTY ABOUT RUSSIA'S COUNTER-SANCTIONS. SO FOR PUTIN REMOVING THE SANCTIONS, THE RUSSIAN SANCTIONS WILL ACTUALLY HURT SEVERAL  IMPORTANT CONSTITUENCIES WITHIN RUSSIA. AND MAYBE REMOVING THEM TOO FAST TOO SOON IS NOT  WHAT PUTIN WOULD WANT."SOT VERBATIM> DUE TO DOMESTIC DEMAND, MANY RUSSIAN DAIRY PRODUCERS INCREASED  THEIR OPERATIONS AND EXPANDED THEIR HERDS UNDER THE SANCTIONS. BUT IF LIFTED, THOSE SAME FARMERS FEAR PRICES WILL DROP AND THEY WILL  BE UNABLE TO PAY BACK LOANS. ALSO FROM EUROPE - LIVESTOCK PRODUCERS IN THE U-K MAY SOON FACE  RESTRICTIONS ON ANTIBIOTIC USE AS THE COUNTRY TRIES TO AVOID A  RESISTANCE PROBLEM IN THEIR HERDS. LAST MONTH, THE BRITISH CATTLE VETERINARY ASSOCIATION RELEASED  PROPOSED GUIDELINES ON THE USE OF ANTIBIOTICS. B-C-V-A RECOMMENDS REDUCING THE OVERALL AMOUNT OF ANTIBIOTICS USED  IN CATTLE PRACTICE. THE ORGANIZATION SAYS IT'S STILL WORKING ON SPECIFIC  RECOMMENDED LEVELS. HOWEVER THE ORGANIZATION IS URGING PRODUCERS TO CLAMP DOWN ON THE  USE OF CRITICALLY IMPORTANT ANTIBIOTICS THAT ARE ALSO IMPORTANT TO HUMAN HEALTH. THE VETERINARY GROUP ALSO SAYS THE USE OF ANTIBIOTICS AS A  PREVENTATIVE TREATMENT SHOULD BE AVOIDED WHEREVER POSSIBLE AS LONG  AS ANIMAL WELFARE IS NOT COMPROMISED. NEW DATA RELEASED BY THE USDA SHOWS NEARLY 40 PERCENT OF ALL U.S.  FARMS ARE MANAGED BY MORE THAN ONE OPERATOR.  USDA SAYS COMMERCIAL-SIZED FARMS OFTEN REQUIRE MORE MANAGEMENT  AND LABOR THAN ONE INDIVIDUAL CAN PROVIDE.   ABOUT 6 PERCENT OF ALL FARMS, AND 16 PERCENT OF ALL MULTIPLE-OPERATOR  FARMS, WERE MULTI-GENERATION FARMS, WITH AT LEAST 20 YEARS' DIFFERENCE  BETWEEN THE AGES OF THE OLDEST AND YOUNGEST OPERATORS. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  DISCOVER THE POWER BEHIND THE M6 SERIES AT  KUBOTA.COM.  LOUISIANA'S SWEET POTATO FARMERS SAW THEIR YIELDS PLUMMET DUE TO THE  AUGUST FLOOD. 2017 WILL BE THE YEAR OF RECOVERY FOR MANY OF THOSE  GROWERS. BUT IN ADDITION TO THE EVER-PRESENT WEATHER CHALLENGES,  PRODUCERS WILL ALSO FACE REGULATORY CHANGES THAT WILL PLACE  ANOTHER BURDEN ON THEIR INDUSTRY. LSU AGCENTER REPORTER CRAIG  GAUTREAUX HAS THE STORY. LIKE MANY FARM COMMODITIES IN LOUISIANA, SWEET POTATO FARMERS WERE  UNABLE TO ESCAPE THE EFFECTS OF THE AUGUST FLOOD. THE RAINS CAME  JUST BEFORE FARMERS WERE SET TO BEGIN HARVESTING THEIR CROP AND  CAUSED YIELDS TO FALL DRAMATICALLY. LARRY FONTENOT: THE BIGGEST CHALLENGE TO US WAS TO HARVEST THIS TYPE OF CROP WHERE YOU SAW  ABOUT 50 PERCENT REDUCTION IN YIELD DUE TO ROT. NEW FEDERAL  GUIDELINES REGARDING THE TRAINING OF WORKERS WHO HANDLE FARM  CHEMICALS WILL REQUIRE MORE INTENSIVE RECORDKEEPING. THE NEW  REGULATIONS WILL BE ANOTHER COST FOR STRUGGLING FARMERS. THAT'S  GOING TO BE ANOTHER HARDSHIP FOR US STAYING IN BUSINESS, ESPECIALLY IF  YOU ARE A SMALL OPERATION. LOUISIANA SWEET POTATO ACREAGE HAS HELD  STEADY FOR SEVERAL YEARS, AND EVEN THOUGH LAST YEAR WAS NOT A  BANNER YEAR, LSU AGCENTER SWEET POTATO SPECIALIST MYRL SISTRUNK BELIEVES IT WILL BE A SIMILAR SIZE CROP IN 2017. MYRL SISTRUNK: ACREAGE  WISE, I THINK WE'RE GOING TO BE ABOUT THE SAME LEVEL OF ACREAGE AS WE  HAD THIS YEAR. WE HAD ABOUT 9,200 ACRES. I DON'T SEE ANYTHING THAT IS  INDICATING AN INCREASE OR DECREASE. SOME GOOD NEWS FOR GROWERS IS  THE CANNING AND PROCESSING OF SWEET POTATOES ARE EXPERIENCING  GROWTH AND HAVE THE POTENTIAL TO INCREASE ACREAGE IN LOUISIANA.  PAUL WILLIAMS:  CANNED GOODS OVERALL ARE FLAT OR DOWN OVERALL IN THE  LAST THREE TO FIVE YEARS. BUT, SWEET POTATOES ALONE ARE ACTUALLY UP  QUITE A BIT IN THE CANNING INDUSTRY. WE'RE SEEING A LOT OF GROWTH IN THE  CANNED SWEET POTATOES. WILLIAMS SAID THE CANNING FACILITY IN ARKANSAS  HANDLED MORE THAN 62 MILLION POUNDS OF SWEET POTATOES LAST YEAR.  WITH THE LSU AGCENTER, THIS IS CRAIG GAUTREAUX REPORTING. LOUISIANA RANKS FOURTH IN THE NATION IN SWEET POTATO PRODUCTION  BEHIND NORTH CAROLINA, CALIFORNIA AND MISSISSIPPI.

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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