AgDay Daily Recap - July 17, 2018

July 17, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 17, 2018

HEADLINES

THE U-S SEEKS HELP FROM THE WTO OVER RETALIATORY TARIFFS. NEW LIFE IN NAFTA TALKS. A SEA OF GREEN IN NORTH DAKOTA WHEAT FIELDS. "WE'RE VERY OPTIMISTIC ABOUT THIS YEAR'S CROP." IN AGRIBUSINESS - WADING INTO MILK MARKETS. AND A PLASTICS REVOLUTION ON WISCONSIN FARMS. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

TRADE TARIFF COMPLAINTS
GOOD MORNING I'M CLINTON GRIFFITHS. THE TRADE RHETORIC CONTINUES TO HEAT UP AS U.S. OFFICIALLY FILES  COMPLAINTS WITH THE WTO. ON MONDAY, THE U.S. TRADE REPRESENATIVE'S OFFICE ANNOUNCING DISPUTES  AT THE W-T-O AGAINST CHINA, THE EUROPEAN UNION, CANADA, MEXICO AND TURKEY. THE COMPLAINTS CHALLENGING THE RETALITORY TARIFFS IMPLEMENTED BY  EACH WTO MEMBERS IN RESPONSE TO THE ADMINISTRATION'S ACTIONS ON  STEEL AND ALUMINUM. USTR'S ROBERT LIGHTHIZER SAYING THE STEEL AND ALUMINUM DUTIES ARE  JUSTIFIED UNDER INTERNATIONAL AGREEMENTS--ADDING THAT THE  RETALIATORY DUTIES ARE COMPLETELY WITHOUT JUSTIFICATION UNDER THOSE  INTERNATIONAL RULES. LIGHTHIZER SAYING QUOTE, "THESE TARIFFS APPEAR TO BREACH EACH WTO MEMBER'S  COMMITMENTS UNDER THE WTO AGREEMENT.  THE UNITED STATES WILL TAKE ALL NECESSARY ACTIONS  TO PROTECT OUR INTERESTS, AND WE URGE OUR TRADING PARTNERS TO WORK CONSTRUCTIVELY WITH US ON  THE PROBLEMS CREATED BY MASSIVE AND PERSISTENT EXCESS CAPACITY IN THE STEEL AND ALUMINUM  SECTORS." 

CHINA FILES WTO CASE
MEANWHILE CHINA FILING IT'S OWN CASE AT THE WTO IN PROTEST OF THE  PRESIDENT'S PLANT TO ADD AN ADDITIONAL 200 BILLION DOLLARS IN TARIFFS ON  CHINESE IMPORTS. CHINA SAYS THE 6-THOUSAND PRODUCT LIST IS ILLEGAL AND PROTECTIONIST. THE LIST TARGETS EVERYTHING FROM SEAFOOD AND VEGETABLES TO STONE,  METALS AND PLYWOOD. PRESIDENT TRUMP SPENDING TIME IN EUROPE TO START THE WEEK. WHILE THERE, THE PRESIDENT LISTING THE E-U AS AN ECONOMIC FOE ON TRADE  POLICY. DURING AN INTERVIEW THE PRESIDENT SAYING THE BLOCK IS ONE OF THE U.S.  BIGGEST GLOBAL ADVERSARIES...BASED ON THEIR ACTIONS AROUND TRADE. THE E-U STRONGLY DISAGREEING -- EU COUNCIL PRESIDENT DONALD TUSK  TAKING TO TWITTER SAYING AMERICA AND THE E-U ARE BEST FRIENDS-- WHOEVER SAYS THEY ARE FOES IS SPREADING FAKE NEWS.BACK IN NORTH AMERICA, MEXICAN OFFICIALS SAYING THEY REMAIN COMMITTED  TO WORKING "AT AN ACCELERATED PACE TO REACH A SUCCESSFUL NAFTA  RENEGOTIATION AS SOON AS IT'S POSSIBLE." THE CURRENT AND NEWLY ELECTED LEADERSHIP IN MEXICO PLEDGING TO WORK  AS A UNITED FRONT TO FINISH THE DEAL.  LINGERING NAFTA 2.0 ISSUES INCLUDE INVESTOR-STATE DISPUTE SETTLEMENT  AND A SUNSET CLAUSE, AND MARKET ACCESS FOR DAIRY IN CANADA. FARMERS IN NEW YORK THE STRESS OF THESE NEGOTIATIONS ARE ALREADY  IMPACTING RELATIONSHIPS. "THE BORDER IS NOT NEARLY AS OPEN AS IT WAS. THAT BUSINESS IS NOT HAPPENING. WE  WOULD HAVE DAIRY FARMERS JUST COME WITH A BALE OF HAY, A BIG SQUARE BALE IN THE BACK OF THEIR  PICKUP TRUCK AND SAY, 'HEY, GRAB A CHUNK. FEEL IT. LET ME KNOW WHAT YOU THINK. I'VE GOT 2,000  MORE. GIVE ME A CALL AND I'LL BRING YOU A LOAD.' THAT'S NOT HAPPENING. THINGS ARE JUST SHUT- DOWN 14:43:07 AND IT'S PRETTY SAD, IT'S PRETTY SAD.'

CROP PROGRESS
USDA ROLLING OUT A NEW CROP PROGRESS REPORT MONDAY. JULY WEATHER AND CROP CONDITIONS A MAJOR CONCERN HERE MID-SEASON. THE CORN CONDITION RATING DROPPED THREE POINTS LAST WEEK. 72-PERCENT  CALLED GOOD TO EXCELLENT. IN THE CORNBELT STATES, NEBRASKA LEADS THE WAY WITH 86-PERCENT GOOD  TO EXCELLENT. AND THERE WAS A MAJOR JUMP IN THE SILKING CATEGORY WITH 63-PERCENT IN  THAT STAGE, THAT'S 26 POINTS AHEAD OF LAST WEEK AND OF THE FIVE YEAR  AVERAGE. SOYBEANS WITH SIMILARLY IMPRESSIVE GAINS. 26-PERCENT SETTING PODS - 15 POINTS AHEAD OF LAST WEEK AND THE FIVE  YEAR AVERAGE. 69-PERCENT IS GOOD TO EXCELLENT, DOWN TWO POINTS FROM LAST WEEK. WINTER WHEAT HARVEST REACHING 74-PERCENT THIS WEEK - JUST AHEAD OF  AVERAGE. AS FAR AS SPRING WHEAT - 80-PERCENT IS GOOD TO EXCELLENT. IN NEW ENGLAND WHEAT HARVEST ROLLS ON. FARMERS SAY IT'S BEEN DRY SINCE MAY BUT YIELDS HELD TOGETHER."THE WHEAT WAS A LOT BETTER THAN I THOUGHT IT WAS GOING TO BE. I THINK OUR AVERAGE  WAS AROUND 85 BUSHELS. I CAN'T COMPLAIN. I THOUGHT WE WERE GOING TO HAVE 50 BUSHEL PER WEEK. IT SEEMED TO PULL THROUGH." 

NORTH DAKOTA SPRING WHEAT
IN NORTH DAKOTA SOME FARMERS ARE LOOKING AT THE POTENTIAL FOR SOME  BIG YIELD NUMBERS FROM THEIR SPRING WHEAT. THAT'S A BIG CHANGE FROM LAST YEAR WHEN DROUGHT DEVASTATED THE CROP. PRODUCERS SAY WEATHER CONDITIONS HAVE BEEN ALMOST PERFECT SINCE  SEED WENT INTO THE GROUND.. CLIFF NAYLOR FROM KFYR REPORTS ON A CROP WITH A LOT OF POTENTIAL. LANCE AND DENNIS RENNER HAVE NEVER SEEN ANYTHING LIKE THIS..... DENNIS RENNER, LANCE RENNER, MORTON COUNTY FARMERS - "HOW MANY SPIKELETS DO YOU GOT? FIVE, SIX SEVEN, BE ABOUT FOURTEEN, SIXTEEN SPIKELETS ON THERE." THESE HEADS COULD PRODUCE  50 BUSHELS OF WHEAT AN ACRE. LANCE RENNER: "IT'S THE NICEST CROP I'VE EVER SEEN..." ALL ACROSS THE STATE, FARMERS ARE SEEING SIMILAR WHEAT STANDS. USDA IS ESTIMATING THE STATE'S  WHEAT CROP COULD AVERAGE 48 BUSHELS AN ACRE, WHICH WOULD EQUAL NORTH DAKOTA'S BEST EVER  PRODUCTION. JIM PETERSON, NORTH DAKOTA WHEAT COMMISSION: "WE'RE VERY OPTIMISTIC ABOUT THIS YEAR'S  CROP, AND WE'LL SEE WHAT HAPPENS, AS GROWERS SAY, 'IT'S NOT MADE UNTIL IT'S IN THE BIN'." THE GROWING SEASON IS FAR FROM FINISHED AND JIM PETERSON,THE MARKET DIRECTOR FOR THE STATE  WHEAT COMMISSION SAYS DISEASE OR AN EXTENDED STRETCH OF HEAT COULD STILL HURT THE CROP. NORTH DAKOTA FARMERS PLANTED 7.7 MILLION ACRES OF WHEAT THIS YEAR. NOW ALL THEY HAVE TO DO IS  WAIT AND HOPE FAVORABLE WEATHER CONDITIONS CONTINUE FOR A FEW MORE MONTHS. IN MORTON COUNTY, CLIFF NAYLOR, REPORTING FOR AGDAY. DROUGHT DAMAGED MUCH OF THE STATE'S WHEAT CROP LAST YEAR, WHEN FARMERS ON AVERAGE YIELDED ONLY 39 BUSHELS AN ACRE. 

CROP COMMENTS
IN CROP COMMENTS WE STOP IN ALABAMA AND TEXAS WITH STORIES OF TWO  WEATHER EXTREMES. HERE'S MIKE HOFFMAN, GOOD MORNIGN MIKE. GOOD MORNING, CLINTON. LET'S START OFF IN TUMBLETON, ALABAMA. JASON BURKE SAYS HE'S READY TO HARVEST ANY DAY NOW IF WEATHER ALLOWS  IT. HE SAYS MOISTURE WAS AT 24 PERCENT A WEEK AGO. HE BELIEVES THIS FIELD  WILL AVERAGE 260 TO 270 BUSHELS PER ACRE.  AND DR JOURDAN BELL - WHO'S AN AGRONOMIST WITH TEXAS A-AND-M AGRI-LIFE  - SENT THIS PHOTO SHOWING WHAT'S LEFT OF A COTTON FIELD IN GRAY COUNTY,  TEXAS. THAT'S DUE EAST OF AMARILLO. THAT PANHANDLE-COUNTY IS COVERED  IN EXTREME AND SEVERE DROUGHT. TAKING A LOOK AT THE WIND SPEED FORECASTING SEE NOT A LOT OF IT. FEW SPOTS AND SOME OF THE  THUNDERSTORMS FROM THE PLAINS IN THE GREAT LAKES THIS MORNING HEADING THROUGH THE AFTERNOON PARTS OF THE GREAT LAKES PARTS OF THE WEST SEEING A LITTLE BIT OF WIND AND THEN AS  WE HEAD THROUGH THE DAY TOMORROW STILL NOT A VERY WINDY DAY. A FEW SPOTS HERE AND THERE  BREEZY IN THE MORNING BUT AS WE HEAD THROUGH THE AFTERNOON A LITTLE BIT MORE INTO THE NORTHERN ROCKIES AND A FEW SPOTS IN THE SOUTHERN MISSISSIPPI VALLEY. WE'LL HAVE YOUR  FORECAST COMING UP BUT FIRST HERE ARE SOME HOMETOWN. TEMPS.  

TEASE
WHEN WE COME BACK, WE'LL JUMP INTO MILK MARKETS AND DAIRY PRICES WITH  BRIAN DOUGHERTY AT THE AGRIBUSINESS DESK. AND FINDING NEW USE FOR FARM PLASTIC. AGDAY - BROUGHT TO YOU BY NEW DELARO FUNGICIDE FOR CORN AND SOYBEANS. ACHIEVE PERSONAL BEST YIELDS.

FLOOR OF THE CME
IN AGRIBUSINESS MARKETS STARTING STRONG THIS WEEK. LETS SEE HOW  

THINGS CLOSED FROM THE FOLKS IN CHICAGO. CATTLE WAS RISING AND STARTED TO BUILD SOME MOMENTUM AND WITH THE BETTER THAN EXPECTED CASTRO THAT REALLY ENDED ON FRIDAY GAVE THE MARKET A BOOST TODAY. INTERESTINGLY ENOUGH IS BUILDING MOMENTUM ALL DAY AND REALLY DID HIT LIMIT UP ONE OF THE REASONS WHY THE MARKETS ARE MOVING AS STRONG AS THEY ARE BECAUSE THEY ARE VERY THIN. MANY TRADERS HAVE MOVED TO THE SIDELINES AND OPENED THE DOORS TO A LOT OF VOLATILITY MEAT PACKERS DID PAY LOWER THAN LAST WEEK BUT IT'S STILL HIGHER OVERALL. THE HOGS THAT SLIPPED TODAY. THE PORK FAILURES THE CARCASS VALUES REALLY CONTINUED TO ERODE. AND REALLY STEPPING ON THE NECK OF THE FUTURES THE PHYSICAL HOG PRICES JUST SHOWED A WEAKER OUTLOOK REALLY FOR THE NEXT COUPLE OF MONTHS AND FOR THE REST OF THE SUMMER AND IT MAKES IT VERY DIFFICULT TO KEEP THESE FUTURES HIGHER. SOYBEANS REBOUNDED CONCERNS OF INCREASED U.S. STOCKS. HAS THE MARKET REALLY ON THE ON THE RISE AND IT'S UP DOUBLE DIGITS IT WAS UP ALMOST 17 CENTS. AND DEFINITELY OFFERING SOME RELIEF TO SOME TRADERS. BUT YET IT ESTABLISHED A NEW LOW BEFORE THE MARKET FIRST STARTED. COMMERCIALS HAVE BEEN LONG OVERALL BUT THE MARKET HAS BEEN OVERSOLD REALLY LOOKING FOR SOME KIND OF BUYING. THAT'S ALL FROM THE FLOOR AT THE CME GROUP HERE IN CHICAGO. VIRGINIA MCGATHEY.

AGRIBUSINESS
BRYAN DOHERTY STEWART PETERSON OUR GUEST HERE AT AGRIBUSINESS DESK. BRYAN THE DAIRY  MARKET HAS HAD A PRETTY TOUGH 2013. ANY HOPE ON THE HORIZON. LOT HOPE YOU'VE GOT TO LOVE  THE EXPORT MARKET. YOU GOT TO LOVE A LOT OF THINGS. WE GOT THIS TARIFF STUFF HANGING OVER THE  MARKET AGAINST NAFTA NAFTA AND SO. SO THOSE AREN'T NEAR TERM ISSUES. WHEN YOU LOOK AT THE MILK PRODUCTION IT'S A RECORD PACE. AND I KNOW THAT CONCERNS ME SO RALLIES WILL SEE THEM  BUT THEY PROBABLY WILL BE TREATED DEFENSIVELY BY THE MARKET THAT IS THERE WILL BE ADDITIONAL  HEDGE PRESSURE THIS LAST GO ROUND TWO WE SAW MALC TAKE FOREVER TO PEAK IT'S HAD OVER 17 DOLLARS AND AT LAST IT REALLY QUICKLY. SO YOU KNOW I WAS RIGHT WITH THE GRAIN TRADE. EVERYTHING  ELSE FELL ARMEL WENT RIGHT WITH IT. LOOK FOR STABILIZATION LOOK FOR SOME RECOVERY. I CAN'T GET  MYSELF TO BE BULLISH UNTIL YOU GET TOO MUCH CHEAP AVAILABLE FEED. AND IT LOOKS LIKE THAT WILL BE  THE CASE THIS FALL AND PRODUCERS ARE HURTING. BUT I DON'T KNOW IF THERE'S BEEN ENOUGH PAIN IN THAT INDUSTRY TO SAY WE'RE CONTRACTING RIGHT TO START SELLING OFF SOME OF THOSE COWS AND BEEF  PRICES AREN'T NECESSARILY PULLING THEM OFF YOU KNOW OFF THE PARLOR OUT OF THERE OR NOT. THERE'S  A GRAY AREA WHEN PRODUCERS EITHER MAKE A LITTLE MONEY OR LOSE A LITTLE MONEY BUT THEY'RE NOT  LOSING ENOUGH TO CONTRACT. SO YOU DO WHAT YOU DO BEST YOU PRODUCE MORE. AND SO IT MAKES SENSE FROM A MICRO LEVEL YOUR FARM. BUT WHEN YOU ADD OR YOUR FARMS TOGETHER OBVIOUSLY YOU  GET THE MACRO WHICH IS JUST TOO MUCH PRODUCTION TO BE ABSORBED AND CONSEQUENTLY GET THESE  LANGUISHING PRICES YOU GET RALLIES ALONG THE WAY. BUT YOU'RE ALSO SUBJECT TO SELL OFFS. THAT'S  WHAT REALLY CONCERNS ME. IF WE FLIP OVER INTO 2019 YEAH ANY CHANCE OF THIS CHANGING THIS DYNAMIC WE KNOW IT'S A VERY CYCLICAL MARKET. I THINK THERE'S A LOT OF CHANCE FOR IT TO CHANGE. I  REALLY DO. BECAUSE PRICES HAVEN'T BEEN GOOD. THE CAPACITY TO TO. I WANT TO SAY PACK CAPACITY  THE CAPACITY TO HANDLE MILK AT PROCESSING PLANTS IS LIMITED. LOW PRICES ARE WORLD WIDE. SO  YOU'VE GOT SOME REAL REAL OPPORTUNITY FOR DEMAND TO COME SWINGING INTO THESE MARKETS AND PUSH MILK PRICES HIGHER INTO 19 PROBABLY AFTER THE FIRST QUARTER. BUT THAT'S A WAYS OFF TO GET THERE. THAT CONCERNS ME FOR IN THE SHORT TERM THOUGH. WE'RE STRUGGLING. I'M NOT NECESSARILY BEARISH BUT I'M CAUTIOUS CAUTIOUS. APPRECIATE IT. THANK YOU BRYAN. WE'LL BE BACK IN JUST A  MINUTE.

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN LOOKING AT THIS COLD FRONT THAT'S A COOL  FRONT. I GUESS IT'S NOT COLD. MOVE THROUGH THE MIDDLE OF THE COUNTRY YEAH IN JULY. BUT BUT WITH  IT DRIER AIR ALTHOUGH SOME PLACES NEED SOME RAIN HERE. YES THERE ARE PLACES THAT DIDN'T GET THE RAIN OUT AHEAD OF THIS FRONT. THAT WAS YOUR LAST SHOT FOR TWO OR THREE DAYS AT LEAST AS THE  WARM FRONT COMES BACK THOUGH WE WILL SEE SOME INCREASING CHANCES FROM WEST TO EAST. AND  THIS WILL BE A SITUATION STARTING IN THE WESTERN PLAINS IN THE NORTHERN ROCKIES WHERE YOU GET  THESE BIG NOCTURNAL COMPLEXES OF THUNDERSTORMS THAT DEVELOP AND MOVE OFF TO THE EAST OR  SOUTHEAST OUT AHEAD OF A WARM FRONT THE DEVELOP AT NIGHT. THAT'S WHY THEY'RE ARE NOCTURNAL THUNDERSTORMS AND THEY'RE GOING TO BE USED IN SOME OF THIS MOISTURE THAT WE TYPICALLY GET  THIS TIME OF YEAR INTO THE SOUTHWEST THAT MONSOONAL MOISTURE WILL ALSO HAVE THIS FEATURE CLOSE  TO NEW ORLEANS THAT ARE JUST OFFSHORE ANYWAY THAT'S GOING TO HAVE A FAIR AMOUNT OF TROPICAL MOISTURE WITH IT AND THAT WILL INCREASE YOUR CHANCES FOR SHOWERS AND THUNDERSTORMS. CLOSE TO  THAT AREA OF LOW PRESSURE NOW PUTTING THE MAPS INTO MOTION YOU SEE THOSE FIRST COOL FRONT UP  AND DOWN THE MIDDLE OF THE APPALACHIANS BY LATER ON TODAY SO SHOWERS AND THUNDERSTORMS  OUT AHEAD OF IT SPOTTY THROUGH THE SOUTHEAST. THERE WILL BE A LITTLE ACTIVITY AGAIN TO THE NORTHEAST OF THIS WARM FRONT FROM TIME TO TIME AS WE HEAD THROUGH THE NEXT COUPLE OF DAYS.  THE LOW PRESSURE SYSTEM IN THE SOUTHWEST WILL CONTINUE TO DRAW IN BOTH PACIFIC IN THE GULF  MOISTURE AND THAT WILL INCREASE THE CHANCES EACH AFTERNOON FOR A SHOWER OR THUNDERSTORM. NOW HEADING THROUGH THE DAY TOMORROW SEE THIS WARM FRONT DOES ACTUALLY START TO MOVE SO  THAT INCREASES THE CHANCES FOR SHOWERS AND THUNDERSTORMS OUT AHEAD OF THIS WARM FRONT IN  ALONG THE WARM FRONT AS WE HEAD THROUGH THE AFTERNOON FROM NORTHEASTERN MONTANA ALL THE WAY DOWN TO ARKANSAS. AND THAT WILL SLOWLY COME BACK EASTWARD AS THAT AREA OF LOW  PRESSURE DRAGS IT EAST AS WE HEAD TOWARD THE END OF THE WEEK. SO THAT WILL BE YOUR NEXT  CHANCE IN THE CORN BELT TO GET SOME MOISTURE PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS YOU CAN SEE THE EASTERN CORN BELT. SOME AREAS GOT SOME YESTERDAY SPOTTY THROUGH THE  SOUTHEAST. WE HAD THAT COMPLEX LIKE I TALKED ABOUT PARTS OF NEBRASKA MOVING INTO PARTS OF  KANSAS. BUT AGAIN THAT JUST KIND OF DEPENDS ON EXACTLY WHERE THOSE DEVELOP AND WHERE THEY MOVE. HEAT STILL ON IN THE SOUTHERN PLAINS. TRIPLE DIGITS FOR PARTS OF OKLAHOMA AND NORTHERN  TEXAS. COOLER AND MORE COMFORTABLE AIR THOUGH COMING INTO THE NORTHERN PLAINS AND THE  GREAT LAKES AND THAT WILL CONTINUE TO SPREAD SOUTH. THESE WE'RE TALKING LOWS CLOSE TO 50 IN SIOUX ST. MARIE MAYBE UPPER 40S IN SPOTS BUT 60S LOW 60S ALL THE WAY DOWN TO THE OHIO  RIVER VALLEY HIGHS TOMORROW STILL GOING TO BE PRETTY HOT IN MANY PARTS OF CENTRAL TEXAS. BUT A  LOT MORE COMFORTABLE ACROSS MOST OF THE CORN BELT. THERE'S A JET STREAMING SEE THAT TROUGH  IT'S BRINGING IN THAT COOLER AIR MOVING OFF TO THE EAST ANOTHER TROUGH DIGS IN BY THIS WEEKEND.  SO THERE COULD BE SOME MOISTURE WITH IT FOLLOWED BY MORE COOL AIR AND WE HAVE ANOTHER TROUGH COMING IN. THIS IS THE PATTERN HEADING INTO THE REST OF JULY. THE RIDGE OUT WEST TROUGH  IN THE EAST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS.  FIRST OF ALL FROM MEDFORD OREGON SUNSHINE AND VERY HOT TODAY HIGH OF 104 WACO TEXAS  MOSTLY SUNNY HOT AND HUMID HIGH OF 106 AND FINALLY VINCENNES INDIANA PARTLY SUNNY WARM BUT LESS HUMID HIGH AROUND 87. > 

TEASE
WE'LL TALK MORE DAIRY NEWS NEXT ON OUR DAIRY REPORT.AND WE'LL HEAD TO THE DAIRY STATE WHERE FARMERS ARE FINDING NEW LIFE FOR FEED STORAGE. 

DAIRY REPORT
DEAN FOODS IS PREPARING TO CLOSE MILK PLANTS IN ILLINOIS AND KENTUCKY  DEAN THIS SEPTEMBER. ACCORDING TO OUR PARTNERS AT MILK BUSINESS DOT COM, MEMBERS OF THE  DAIRY FARMERS OF AMERICA SUPPLYING THOSE PLANTS CAN REST EASY. DFA SAYING ITS WORKING TO IDENTIFY ALTERNATIVE MARKETS FOR THE DFA MEMBERS IMPACTED BY THE DECISION.THE COOPERATIVE SAYING THAT ULTIMATELY, THEIR FARMER MEMBERS WILL STILL HAVE A MARKET FOR THEIR MILK. THE LATEST SUPPLY DEMAND ESTIMATES FROM USDA EXPECT CHINESE TARIFFS  TO ULTIMATELY IMPACT DAIRY EXPORTS. THE AGENCY ROLLING BACK EXPECTATIONS FOR 2018 AND 2019 EXPORTS OF  SKIM MILK POWDER AND WHEY PRODUCTS. USDA EXPECTING CLASS III AND CLASS IV PRICES TO FALL IN 2018 AND 2019  COMPARED TO LAST MONTH.  THE 2018 ALL-MILK PRICE FORECAST FROM $15.95 TO $16.25 AND $16.25 TO $17.25  PER CWT IN 2019. FARMERS IN THE NORTHEAST SAY PRICES ARE MAKING IT TOUGH. TO ANSWER THE QUESTION, YES, WE ARE LOSING MEMBERS, PRETTY ROUTINELY. WE HAVE  MEMBERS CANCELLING DUE TO ECONOMICS ON THEIR OPERATION. DO I THINK IT'S GOING TO CONTINUE? YES. GOING OUT TO BUSINESS, I DON'T THINK THERE ARE ANY OF OUR FARMERS THAT HAVE LEFT PRODUCTION IN NEW ENGLAND OR NEW YORK THAT ARE MOVING, BECAUSE THERE IS NO MARKET FOR  THEIR MILK TO BE HONEST WITH YOU. YOU CAN'T LEAVE NEW YORK AND GO SOMEWHERE ELSE AND FIND A MARKET EASILY. THAT'S THE BIGGEST CHALLENGE. IN WISCONSIN, DAIRY FARMERS ARE EXITING THE BUSINESS AT A RATE ROUGHLY  30 PERCENT HIGHER THAN LAST YEAR. FROM JANUARY TO JUNE 338 FARMS STOPPED MILKING COW NUMBERS HOWEVER, ARE ONLY DOWN ABOUT A THOUSAND HEAD. IT'S NOT JUST MILK BUT BUTTER PRICES ARE MELTING TOO. ACCORDING TO THE LATEST GLOBAL DAIRY TRADE RESULTS--BUTTER PRICES  ARE WEAKENING--FALLING FOUR PERCENT IN EARLY JULY. HOWEVER THEY'RE STILL NEARLY DOUBLE THE FIVE YEAR LOW FROM AUGUST OF  2015. DEMAND IS EXPECTED TO REMAIN STRONG THROUGH 2018. ONE REASON FOR THE STRONG DEMAND IS THE RESURGENCE OF BUTTER IN  COOKING. NEW RESEARCH FROM THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON SAYS SENIORS EATING FULL-FAT DAIRY PRODUCTS SUCH AS WHOLE  MILK, YOGURT AND CHEESE ARE NO MORE LIKELY TO DIE THAN THOSE WHO  DON'T EAT THESE PRODUCTS. AND THERE'S ALSO EVIDENCE THAT THOSE WHO CONSUME FULL FAT DAIRY  PRODUCTS HAVE A 42% LOWER RISK OF DYING FROM STROKE. THE STUDY FOLLOWED NEARLY 3,000 ADULTS AGE 65 OR OLDER FOR 22 YEARS.  THE RESEARCH WAS SUPPORTED BY THE NATIONAL HEART, LUNG AND BLOOD INSTITUTE.  

TEASE
AND PLASTIC FEED STORAGE IS A COMMON SITE IN THE DAIRY STATE.  WE'LL SHOW YOU HOW IT'S NOT ENDING-UP IN THE LANDFILL. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA'S FULL LINE OF FIELD-PROVEN HAY TOOLS.  EXPLORE THE FULL  LINE UP AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER TODAY. THERE'S A REVOLUTION OF SORTS IN WISCONSIN, THANKS TO A PLASTICS  RECYCLER IN ARKANSAS. A COMPANY CALLED 'REVOLUTION PLASTICS' TAKES OLD PLASTIC FEEDBAGS - WHICH ARE VERY COMMON ON DAIRY FARMS - AND IS GIVING THEM NEW LIFE. WE GET DETAILS IN THIS VIDEO PROVIDED BY THE 'DAIRY FARMERS OF  WISCONSIN'. REVOLUTION PLASTICS MISSION IS TO HELP PRESERVE FARMLANDS. TWO YEARS AFTER LAUNCHING ITS  AG PLASTIC RECYCLING PROGRAM HERE IN WISCONSIN, THE COMPANY HAS RECYCLED OVER 40 MILLION  TONS OF AG PLASTIC. PRICE MURPHY, DIR. OPERATIONS REVOLUTION PLASTICS MADISON, WI: "WE HAVE  LESS PLASTIC BLOWING AROUND THE COUNTRYSIDE, WE'VE GOT LESS PLASTIC GOING INTO THE LANDFILL. SO  THE FEEDBACK HAS BEEN VERY POSITIVE."  MITCH BREUNIG (BRY NIHG) HAS BEEN WITH THE PROGRAM  FROM THE BEGINNING, AND SEES THE BENEFIT OF RECYCLING THE PLASTIC HE USES TO COVER HIS FEED  BUNKERS AT MYSTIC VALLEY DAIRY IN SAUK CITY. "I THINK IT'S REALLY IMPORTANT THAT WE RECYCLE THIS  PLASTIC YOU KNOW. A COUPLE OF REASONS; I HATE TO SEE PLASTIC FLYING ALL OVER THE COUNTRYSIDE, BUT YOU KNOW, PUTTING THIS IN THE LANDFILL I THINK IT'S NOT GREAT FOR THE CARBON FOOTPRINT OF DAIRY. BUT IF WE CAN RECYCLE IT I THINK IT'S REALLY GOOD!" OVER 5000 FARMS IN WISCONSIN ARE CURRENTLY  PART OF THE RECYCLING PROGRAM. RECENTLY, REVOLUTION PLASTICS ACQUIRED A WAREHOUSE IN MADISON WHERE THE PLASTIC IS COLLECTED, BALED AND THEN SHIPPED TO ARKANSAS WHERE IT IS  CLEANED AND TURNED INTO POST-CONSUMER RESIN. "THE POST-CONSUMER RESIN' WHICH IS MADE  FROM THE RECYCLED PLASTICS FROM WISCONSIN' CAN GO INTO TRASH CAN LINERS, CONSTRUCTION FILM,  AGRICULTURAL FILM, POLY TUBE IRRIGATION, JUST A NUMBER OF THINGS THAT IT WORKS GREAT IN."  AND WHILE THE PROGRAM IS BENEFICIAL FOR CONSUMERS, FARMERS SEE A DEFINITE BENEFIT AS WELL.  "RECYCLING THE PLASTIC KEEPS THE FARM SO MUCH CLEANER. WE JUST ROUTINELY PICK IT UP YOU KNOW  AS WE USE IT. WE PICK IT UP, WE PUT IT IN THE RECYCLING BIN TO, YOU KNOW, HAVE IT COLLECTED." "IT'S  NOT OUR LAND IT'S THE LAND THAT WE'RE USING AND WE JUST WANT TO USE IT TAKE CARE OF IT AND PASS IT  TO THE NEXT GENERATION" AND THAT'S WISCONSIN DAIRY NEWS. THE PROCESS FOR CLEANING AND RECYCLING AG PLASTIC IS TWOFOLD. IT MUST  FIRST BE SHREDDED AND WASHED, AND THEN MELTED DOWN AND TURNED INTO USABLE PLASTIC RESIN. 

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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