AgDay Daily Recap - July 25, 2018

July 25, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 25, 2018

HEADLINES

PROMISES OF HELP FOR VICTIMS OF A TRADE WAR TRUMP MEETING  ANOTHER U.S. ALLY ON TRADE  IN ANALYSIS- THE AG ECONOMY WITH RETALIATORY TARIFFS.  AND HOW BUTTER IS HELPING US TO REMEMBER A HOLIDAY FILM CLASSIC, AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL SIZE PICKUPS ON THE ROAD. 

FARMER AID PLAN
GOOD MORNING, I'M BETSY JIBBEN IN FOR CLINTON GRIFFITHS.  THE TRUMP ADMINISTRATION ANNOUNCING  DETAILS ON A PLAN TO AID BILLIONS  OF DOLLARS TO FARMERS TO TRY TO PROTECT THEM FROM TARIFFS ON  AGRICULTURAL PRODUCTS.  USDA ANNOUNCING 12 BILLION DOLLARS WORTH OF TEMPORARY AID WILL BE AVAILABLE TO FARMERS UNDER THE COMMODITY CREDIT CORPORATION  CHARTER ACT. THREE POSSIBLE PROGRAMS WILL BE ADMINISTERED BY USDA UNDER THE CCC- ONE IS THE MARKET FACILIATION PROGRAM WHICH WILL PROVIDE INCREMENTAL  PAYMENTS WITH DIRECT ASSISTANCE TO FARMERS WHO PRODUCE PRODUCTS  SUCH AS SOYBEANS, SORGHUM, WHEAT COTTON, HOGS AND DAIRY. THE SECOND IS A FOOD PURCHASE AND DISTRIBUTION PROGRAM WHERE USDA WILL PURCHASE DIFFERENT TYPES OF FRUITS, NUTS, RICE, BEEF  AND PORK PRODUCTS WHICH COULD BE USED FOR FOOD PANTRIES AND  NUTRITIONAL PROGRAMS THE THIRD IS A TRADE PROMOTION PROGRAM W ITH A GOAL TO USE THE PRIVATE  SECTOR TO PROMOTE TRADE AND HELP CREATE NEW MARKETING PROGRAMS.  OFFICIALS SAYING PAYMENTS *MAY* START TO GO TO PRODUCERS IN SEPTEMBER, BUT DEPENDS ON THE CROP. "IT'S IMPORTANT TO HIGHLIGHT FROM OTHER NATIONS IS TO STOP THEIR BAD BEHAVIOR AND NOT TO  RETALIATE WITH ILLEGAL TARIFFS. AS WE MADE CLEAR TODAY, THIS ADMINISTRATION WILL NOT STAND BY WHILE  OUR HARDWORKING PRODUCERS BEAR THE BRUNT OF UNFRIENDLY AND ILLEGAL TARIFFS ENACTED BY FOREIGN  NATIONS."AS DETAILS START TO UNRAVEL, SOME FARMERS SAYING THEY WANT THE TARIFFS TO STOP. "I LIKE MY POLITICS BORING. I WOULD BE MUCH HAPPIER. I THINK THE INDUSTRY WOULD BE MUCH HAPPIER IN ALL OF AGRICULTURE IF WE ELIMINATED TARIFFS. THEY'RE NOT GOOD FOR AGRICULTURE, MEXICO AND CANADA HAVE BEEN WONDERFUL TRADING PARTNERS, CONSIDERING ALMOST ALL OF OUR DAIRY PRODUCTS ARE EXPORTED, WE NEED TO MAINTAIN THESE RELATIONSHIPS OR ELSE OUR PRICES WILL  CONTINUE TO CRASH EVEN FURTHER AS THEY TEND TO BE GOING DOWN ON THE NEWS OF INCREASED  TARIFFS."EARLIER ON TUESDAY, PRESIDENT TRUMP TWEETING EARLIER ON TUESDAY - QUOTE TARIFFS ARE THE GREATEST!... REMEMBER, WE ARE THE PIGGY BANK  THAT'S BEING ROBBED. ALL WILL BE GREAT. TOMORROW - THE PRESIDENT IS SCHEDULED TO VISIT IOWA...A STATE WHOSE  FARMERS ARE FEELING THE AFFECTS FROM TARIFFS ON BOTH SOYBEANS AND  PORK. 

TRADE HEARINGS
MULTIPLE HEARINGS ON TRADE ARE OCCURING THIS WEEK ON CAPITOL HILL.  THE U.S. TRADE REPRESENTATIVE CONTINUING ITS TWO-DAY PUBLIC HEARING  LATER TODAY REGARDING PROPOSED TARIFFS ON 16 BILLION DOLLARS WORTH  OF CHINESE PRODUCTS.  THE HOUSE WAYS AND MEANS SUBCOMMITTEE HOLDING A HEARING EARLIER IN  THE WEEK WITH REPRESENTATIVES FROM DIFFERENT BUSINESSES TESTIFYING  ON SECTION 232 ON STEEL AND ALUMINUM TARIFFS.  

VERMEER ON METAL TARIFFS
BACK IN THE MIDWEST,  VERMEER EXECUTIVE VICE PRESIDENT AND CHIEF MARKETING OFFICER, MARK  CORE, SAYS THE TARIFFS HAVE AN IMPACT EVEN ON DOMESTIC PRODUCT.   WE IMPORT VERY LITTLE STEEL FROM CHINA BUT THE MARKETPLACE EXPLODED ON US FROM A  PRICE PERSPECTIVE. WE'VE SEEN WHERE OUR STEEL IS 50 PERCENT HIGHER THAN WE NEEDED TO BUILD BAILERS AND PRODUCTS JUST 6 MONTHS AGO. 29 IT'S A CONCERN FOR SURE, BECAUSE THAT'S BIG. CORE SAYS THE COMPANY HAS BEEN FORTUNATE TO NOT HAVE A LOT OF  INFLATION TO STEEL COSTS FOR QUITE SOME TIME IN THE PAST.  PRESIDENT TRUMP IS SCHEDULED TO MEET WITH THE LEADERSHIP OF THE EUROPEAN UNION LATER TODAY IN WASHINGTON WHERE THE CONVERSATIONS  MIGHT GET TENSE. THE PRESIDENT REPORTEDLY WARNING U-S TRADE PARTNERS THAT HE'LL IMPOSE MORE SANCTIONS UNLESS HEY NEGOTIATE A "FAIR DEAL". TRUMP WILL BE MEETING WITH EUROPEAN COMMISSION'S PRESIDENT AND  TRADE MINISTER IN TALKS AIMED AT HEADING-OFF A TRADE WAR. ONE OFFICIAL SAYS EUROPE WILL TAKE TWO PATHS - ONE IS TO REDUCE TARIFFS  ON EUROPEAN CARS SHIPPED TO THE U-S. THE OTHER PATH IS TO NEGOTIATE A FREE TRADE AGREEMENT BETWEEN THE  TWO ECONOMIES. 

IOWA TORNADOES
A MIX OF TORNADOS SWEEPING THROUGH IOWA LATE LAST WEEK, DESTROYING  BUILDINGS AND FARMGROUND IN ITS PATH.  ONE TORNADO HITTING BONDURANT, IOWA, DEMOLISHING FARM FIELDS. A  FARMER IN THE AREA THINKS THE TORNADO WIPED OUT 40 OF HIS ACRES. HE  FIGURES WITH TODAY'S PRICES, HE'S GOING TO LOSE 25 THOUSAND DOLLARS. "WE ARE LOOKING AT A LOT OF DOWN CORN. THE TORNADO STARTED ON OUR FARM ABOUT  3  QUARTERS OF A MILE WEST HERE AND CAME THROUGH ON THE NORTHEASTERN PATH AND CONTINUED ANOTHER QUARTER OF A MILE. IT WAS A MILE LONG STRIP OF DAMAGE, AVERAGING 200 FEET WIDE.  ALMOST COMPLETE DISTRUCTION. I DON'T THINK WE'LL BE ABLE TO SAVE ANY OF THE CORN THAT WAS  KNOCKED DOWN."WE WILL HEAR FROM NEWBY LATER IN THE WEEK ON AGDAY.  ALSO TAKING A HIT IS J-B-S MEATS. THE COMPANY'S DISTRIBUTION CENTER IN  MARSHALLTOWN IOWA WAS HIT. THE PLANT WAS FORCED TO CLOSE FOR THREE DAYS. OUR PARTNERS AT FARM  JOURNAL'S PORK SAY THE COMPANY IS NOW RUNNING AGAIN BUT IT WAS  FORCED TO DISPOSE 24 MILLION POUNDS OF PORK. 

CROP COMMENTS
SOME CROP DAMAGE IN ARKANSAS FROM A WEEKEND STORM. MIKE HOFFMAN HAS  DETAILS IN CROP COMMENTS. GOOD MORNING BETSY. A WEEKEND STORM IN ARKANSAS UN-LEASHED A BARRAGE OF LARGE HAIL AND  HIGH WINDS THAT DAMAGED SOME FARMS AND FIELDS. TAKE A LOOK AT THIS  FIELD - NOTHING BY STALKS LEFT BEHIND IN THIS SOYBEAN FIELD AFTER A  HAILSTORM HIT NEAR THE TOWN OF MCRAE, IN WHITE COUNTY ARKANSAS. ABOUT 20 MINUTES SOUTH OTHER FIELDS GOT HIT HARD, LEAVING SOYBEANS  LEAVES ON THE GROUND. THE STORM STARTED IN THE NORTHWEST AND TRACKED SOUTHEAST. AT TIMES THE BOW LINE GENERATED 90 MILE AN HOUR  WINDS. AND THIS CROP WON'T YIELD ANY BEANS TO SELL DUE TO LONG-STANDING  TRIPLE-DIGIT HEAT IN NORTH TEXAS. SO THE FARMER DECIDED TO BALE WHAT'S  LEFT FOR LIVESTOCK. SO AT LEAST HE'LL GET SOMETHING. AND TAKE A LOOK AT THE WIND SPEED FORECAST THE NORTHEAST NORTHERN PLAINS A LITTLE BIT WINDY TO  START TODAY AS WE HEAD THROUGH THE DAY THEN A LOT OF THE AREAS THROUGH THE NORTHERN PLAINS OVER INTO THE NORTHEAST IN THE FOUR CORNER REGION SEEING A LITTLE BIT WINDY CONDITIONS TOMORROW  MORNING NOT A LOT TO START. BUT AS WE HEAD THROUGH THE AFTERNOON HOURS WILL SEE THINGS PICK  UP AGAIN NORTHERN PLAINS GREAT LAKES INTO PARTS OF THE NORTHEAST. WE'LL HAVE YOUR FORECAST  COMING UP BUT FIRST HERE SOME HOMETOWN. TEMPS.  

TEASE
NEXT IN AGRIBUSINESS - TARIFFS AND HOW THEY'RE SHAKING-UP THE AG  ECONOMY. IT'S HOT OUT THERE, BUT IT'S CHRISTMAS IN JULY AT THE OHIO STATE FAIR. FIND OUT HOW BUTTER IS HELPING US TO REMEMBER A HOLIDAY FILM CLASSIC, 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 DOTCOM.  

FLOOR OF THE CME
LET'S SEE HOW THE MARKETS CLOSED ON TUESDAY. FOR THAT, WE'LL HEAD TO  THE CME FLOOR IN CHICAGO.  WE HAD PRESIDENT TRUMP TWEETING HOW MUCH HE LOVES THE TARIFFS USING TARIFFS ARE THE GREATEST. AND YOU WOULD THINK THAT WOULD BE A LITTLE BIT BARE SOYBEANS BUT IT WASN'T.  SOYBEANS HAVE BEEN STRONG REALLY MOST OF THE SESSION INTERESTINGLY SO ESPECIALLY SINCE YOU  LOOK AT CROP CONDITIONS THAT WE SAW YESTERDAY AFTERNOON WITH SOYBEAN CONDITIONS GAINING A POINT WHERE IT'S 70 PERCENT. GOOD. EXCELLENT. THIS IS A VERY WELL RATED CROP YET ONCE AGAIN  WE ARE STRONGER HERE DURING THE DAY ON TUESDAY. IT POINTS BEING UP MORE THAN MORE THAN  DOUBLE DIGITS AND LOOKING AT A REVERSAL HIGHER DAY REVERSAL HIGHER DAY WE'VE SEEN THREE OF  THOSE NOW SINCE THE BEGINNING OF JULY. AND THAT IS REALLY KIND OF SUGGESTING THAT MAYBE THE  LOWS ARE IN FOR SOYBEANS AND THAT WE HAVE SOME UPSIDE POTENTIAL HERE IN THE NEAR TERM CORN  STRUGGLING A LITTLE BIT DOWN A LITTLE BIT ON THE DAY. AT ONE POINT DOWN SIX CENTS BUT KIND OF ROUND  THE THREE CENT LOWER LEVEL HERE AT THE END OF THE DAY JUST BASED ON THE IDEA THAT CROP CONDITIONS DID NOT DECLINE YESTERDAY LIKE A LOT OF THE TRADE EXPECTED THEY WOULD. IT IS A VERY  GOOD RAIDED CORN CROP. WE HAD SOME GOOD WEATHER OVER THE WEEKEND. WE'VE GOT GOOD  WEATHER IN THE FORECAST THAT WE HAD CATTLE AND FEEDER CATTLE DOWN JUST A LITTLE BIT NOT ROCKETING  LOWER BUT JUST KIND OF PULLING BACK OFF OF RECENT HIGHS AS WE AS WE'VE RUN INTO SOME VERY HEAVY SUPPORT. BUT OVERALL MARKET STILL LOOKS GOOD ANYWAY. WE'LL SEE WHAT HAPPENS THIS IS  TED SEIFRED OF ZAHNER AG HEDGE COMING TO YOU FROM THE CME FLOOR. 

AGRIBUSINESS
IN AGRI BUSINESS WE'RE TAKING A CLOSER LOOK AT RETALIATORY TARIFFS AND  ITS IMPACT ON THE AG ECONOMY.  CLINTON GRIFFITHS JOINS US FROM THE DESK.  DAN HUEBER THE HUEBER REPORT OUR GUESTS ARE WITH AGRIBUSINESS DESK TODAY. DAN AS WE  LOOK AT THE OVERALL AG ECONOMY OBVIOUSLY THE THREAT AND THE RETALIATORY TARIFFS WEIGHING HEAVILY ON OUR MARKETS AND OUR PRICES. WHAT'S YOUR TAKE ON WHAT'S THAT COSTING OUR BUSINESS.  WHEN YOU AND GRANTED YOU MAYBE CAN'T LAY ALL OF IT AT THE DOORSTEP OF THE TRADE TARIFFS  EMBARGO TALK HOWEVER YOU WANT TO HOWEVER YOU WANT TO ASSESS IT BUT WHEN YOU LOOK AT WHERE WE WERE WHEN ALL OF THIS BEGAN AS A TOPIC AND THE THREATS BEGAN TO BE TOSSED AROUND  AND WHERE WE STOOD TODAY WE'VE PROBABLY JUST IN THE GREEN SOY SECTOR WE'RE PROBABLY DOWN  AROUND 21 BILLION DOLLARS IN REVENUE IN THAT SECTOR ALONE AND THEN YOU STEP OVER TO THE LIVESTOCK AND OF COURSE PARTICULARLY IN THE HOG HOGS HAVE BEEN HARSHLY HARSHLY HURT BY THIS  BECAUSE OF YOU KNOW WE ARE DEALING WITH ARE THREE OF OUR BIGGEST EXPORT MARKETS IN MEXICO  CANADA AND CHINA. AND YOU KNOW WE'RE PROBABLY LOOKING AT 40 MILLION DOLLARS A WEEK IN LOSSES COMPARED TO WHERE WE WERE PRE REPORT. SO I MEAN IT IS DEVASTATING REALLY ACROSS THIS  ENTIRE FARM. YEAH WE'RE SEEING THAT ON PRICES. ARE WE STARTING TO SEE THAT COME OUT OF  FARMERS POCKETS. THE YOU KNOW BECAUSE WE'RE IN BETWEEN CROPS I GUESS YOU WOULD SAY NOW THAT WE DON'T HAVE PLENTY OF INVENTORY TO MOVE FROM WHAT WAS IN LAST YEAR PARTICULARLY IN CORN  AND WE'RE GOING TO WE'RE GOING TO COME UP WITH OVER 2 BILLION BUSHELS OF CORN MOVED INTO THE  NEW CROP THIS YEAR. SO I DON'T THINK IT HAS IMPACTED PEOPLE AS MUCH AS IT WILL DOWN THE ROAD IF  WE SEE A PRICE RECOVERY BUT CERTAINLY BY THE TIME WE GET INTO HARVEST TIME AND CASH FLOW NEEDS START TO INCREASE IT'S GOING TO HIT THE POCKETBOOK PRETTY READILY. AND AGAIN CERTAINLY IN  THE LIVESTOCK SECTOR THERE WERE THOSE HOGS ARE MARKETED EVERY WEEK. SO IT HAS ALREADY  TAKEN TAKEN ITS TOLL THERE. IS THERE ANYTHING YOU WOULD DO TO HANDLE SOME OF THIS RISK. AS A BUSINESSPERSON WE DON'T UNFORTUNATELY AT THIS POINT IN TIME YOU KNOW THE THE THE HORSES ARE  ALREADY OUT OF THE BARN IT'S KIND OF DIFFICULT TO COME BACK IN AND TAKE IT THE OTHER WAY. NOW  DEPENDS ON WHAT SIDE OF THE BUSINESS YOU'RE IN IF YOU'RE IF YOU ARE A LIVESTOCK INDIVIDUAL AND  GRANTED YOU MIGHT BE PSYCHOLOGICALLY KIND OF BEAT UP BECAUSE OF THE PRICE OF YOUR YOUR END PRODUCT. BUT BOY I MEAN IN MY WAY OF THINKING IDEAL TIME TO STEP IN AND START LOCKING IN LONG  TERM FEEDSTUFFS BE THAT CORN SOYBEAN MEAL WHATEVER THE CASE MAY BE. SO I THINK THOSE ARE  GREAT OPPORTUNITIES TO LOCK THAT IN AS WE HOPEFULLY LOOK FOR BETTER DAYS HERE IN THE WEEKS AND  MONTHS AHEAD. NOW I AGREE WITH THE HOPEFULLY I'LL APPRECIATE IT THANK YOU. WE'LL BE BACK MORE IDEI JUST A MINUTE.

WEATHER
WELCOME BACK TO AGDAY METEOROLOGIST MIKE HOFFMAN. MIKE WHAT'S NEW HERE WITH THE ROOT  ZONE MOISTURE. WE HAVE HAD SOME AREAS THAT WERE STARTING TO TURN DRY TURNING WET AGAIN  LIKE THE LOWER GREAT LAKES DOWN INTO THE OHIO VALLEY TENNESSEE VALLEY BUT OTHER AREAS JUST STAYING DRY LIKE THAT BULL'S EYE YOU SEE RIGHT IN THE MIDDLE OF THE COUNTRY NORTHERN SOUTHERN  MISSOURI AND SOME OF THE SURROUNDING AREAS. EVEN THOUGH WE'VE HAD SOME THUNDERSTORMS  MOVED THROUGH THOSE AREAS THE SATELLITES FROM NASA ARE STILL SHOWING THAT AREA MUCH DRIER THAN NORMAL FOR THIS TIME OF THE YEAR. BUT YOU CAN SEE THE WEATHER IS AS WELL FROM FLORIDA ALL  THE WAY UP TO MICHIGAN BACK INTO PARTS OF NEBRASKA AND SOUTHWESTERN MINNESOTA IN A VERY  WET AREA THERE CENTRAL PENNSYLVANIA DOWN TO THE MID-ATLANTIC STATES OUT WEST. WE'VE ACTUALLY  TURNED A LITTLE WET. PARTS OF THE SOUTHWEST BECAUSE YOU HAVE HAD SOME MOISTURE OVER THE PAST FEW WEEKS AND THAT'S GOING TO CONTINUE ALTHOUGH IT'S NOT QUITE AS MUCH AS YOU SAW A  COUPLE OF WEEKS AGO WE'RE STILL GOING TO SEE SOME AFTERNOON VARIETY SHOWERS AND  THUNDERSTORMS. TODAY THOUGH WE'LL START OFF WITH SHOWERS AND THUNDERSTORMS ALONG THE EAST COAST WITH THIS VERY SLOW MOVING SYSTEM CONTINUING TO MOVE THAT WAY. THIS IS THE SAME ONE  THAT CAUSED THE TORNADOES AND SEVERE WEATHER BACK IN IOWA AND MISSOURI AND ARKANSAS AS  WE SAW LATE LAST WEEK. SO THIS IS TAKING A WHILE TO GET OUT OF HERE. SEEN ANOTHER SYSTEM MOVING THROUGH THE NORTHERN PLAINS INTO THE WESTERN GREAT LAKES AS WE HEAD INTO THE DAY  TOMORROW. SCATTERED SHOWERS AND THUNDERSTORMS WITH THAT AND THEN HEADING THROUGH THE  DAY TOMORROW YOU CAN SEE THAT SYSTEM MOVING INTO THE EASTERN GREAT LAKES. BUT NOTICE THIS ONE UP IN THE NORTHERN GREAT LAKES THAT'S GOING TO BE UNDERNEATH THAT CUTOFF LOW IN THE JET  STREAM AND THAT MEANS IT IS GOING TO SIT THERE FOR A WHILE BRINGING IN THE COOLER AIR A FAIR  AMOUNT OF CLOUDS AND SPOTTY SHOWERS FOR NORTHERN MISSISSIPPI VALLEY. GREAT LAKES AREA ESPECIALLY THE NORTHERN GREAT LAKES AREA AS WE HEAD EVEN INTO THIS WEEKEND. SO THE  PRECIPITATION ESTIMATE PAST 24 HOURS WE'VE SEEN SOME FROM FLORIDA ALL THE WAY UP INTO THE  EASTERN GREAT LAKES. ADDING IN THE NEXT 36 HOURS YOU CAN SEE SOME AREAS PENNSYLVANIA NEW YORK SOUTHEASTERN PORTIONS OF ONTARIO SCENE OF FAIRMOUNT LIKE TWO THREE FOUR INCHES OF  RAIN IN PLACES. OTHERWISE IT'S KIND OF SPOTTY ACROSS THE NORTHERN AND CENTRAL PLAINS AS YOU CAN  SEE THERE. HIGH TEMPERATURES TODAY STILL TRIPLE DIGITS IN THE SOUTHWEST. LOTS OF 90S IN TEXAS  AND OKLAHOMA BUT MORE COMFORTABLE NORTHERN CENTRAL PLAINS INTO THE MID-ATLANTIC STATES. AS YOU CAN SEE TONIGHT WE COOL THINGS DOWN 60S AND 70S ACROSS MOST OF THE CORN BELT. AND  THEN MORE OF THE SAME TOMORROW ALTHOUGH IT DOES COOL DOWN BEHIND THAT NEXT FRONT. NORTHERN  PLAINS HIGHS IN THE 60S IN PLACES. AND THERE IS THE JET STREAM YOU CAN SEE THAT CUTOFF LOW COMES IN FRIDAY SATURDAY ON INTO SUNDAY BEFORE IT MOVES AWAY AND OTHER WIND KIND OF  COMES IN TO REPLACE IT. ANOTHER TROUGH DIGGING IN AS WELL. SO THE TROUGH STAYS IN THE EASTERN  EDGE AND THE WEST THAT'S KIND OF THE PATTERN WE'RE IN FOR NOW. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS HEADING BELFIELD NORTH DAKOTA. FIRST OF  ALL LOTS OF SUNSHINE COOLER. HIGH TEMPERATURE OF JUST 74. JACKSON MISSISSIPPI PARTLY SUNNY HOT  AND HUMID HIGH OF 92 AND TRENTON NEW JERSEY PARTLY SUNNY WITH SHOWERS AND A THUNDERSTORM HIGH OF 79. 

TEASE
UP NEXT - CELEBRATING PRODUCTS MADE IN AMERICA...INCLUDING THOSE  REPRESENTING FARM COUNTRY. PLUS - WHY WOULD WE TALK ABOUT THE CLASSIC HOLIDAY FILM - A CHRISTMAS  STORY - IN THE MIDDLE OF SUMMER? WELL, THE FOLKS AT THE OHIO STATE FAIR HAVE A GOOD REASON....AND A  BUTTERY-WAY....TO DO SO. 

MADE IN THE USA
WHILE GLOBAL TRADE IS CAUGHT-UP IN THE TURMOIL OF TARIFFS THE  PRESIDENT IS ALSO SHOWCASING PRODUCTS MADE IN THE U-S-A. ON MONDAY PRESIDENT SURVEYED AN ARRAY OF "MADE IN AMERICA" PRODUCTS  AT THE WHITE HOUSE. THE EVENT COMES AS FINANCIAL MARKETS ARE CLOSELY WATCHING HIS  PUNISHING TARIFFS ON IMPORTED GOODS, WHICH HAVE LED TO TRADE  DISPUTES WITH CHINA, CANADA AND SEVERAL EUROPEAN ALLIES.. PRODUCTS CAME FROM EACH OF THE 50 STATES, INCLUDING A LOCKHEED  MARTIN F-35 AIRCRAFT, A FORD F-150 TRUCK AND A RANGER BOAT. THE PRESIDENT SAYS THE "THE ERA OF ECONOMIC SURRENDER" IS OVER. "AFTER MANY YEARS OF DECLINE, AMERICAN MANUFACTURING IS COMING BACK BIGGER AND BETTER  AND STRONGER THAN EVER BEFORE, IT'S HAPPENING. WE'RE IN THE MIDST OF A GREAT ECONOMIC REVIVAL  IN THE UNITED STATES. WE'VE ADDED 3.7 MILLION NEW JOBS SINCE THE ELECTION INCLUDING MORE THAN 370,000 IN MANUFACTURING ALONE."THE PRESIDENT SAYS THE U.S. - FOR TOO LONG - HAS ALLOWED ITSELF TO SUCCUMB TO BAD TRADE DEALS. HE SAYS, "THAT'S NOT FREE TRADE, THAT'S  FOOL'S TRADE." THE EVENT ALSO FOCUSED ON COWBOY BOOTS FROM TEXAS AND BASEBALL  BATS FROM PENNSYLVANIA. FROM THE AG SECTOR, KENT FEEDS OF MUSCATINE,  IOWA WAS ACKNOWLEDGED FOR ITS ANIMAL NUTRITION PRODUCTS. "THIS ADMINISTRATION AND OUR COUNTRY SEASONED VERY BRIGHT FUTURE FOR MANUFACTURING A VERY  BRIGHT FUTURE FOR AGRICULTURE AND A VERY BRIGHT FUTURE FOR THE BUSINESSES THAT WE SERVE. COMING TO THIS EVENT MAKES US MORE EXCITED ABOUT THE FUTURE THAN WE'VE EVER BEEN.'

TEASE
WHEN AGDAY CONTINUES - WHAT IMAGE DO YOU THINK ABOUT WHEN SOMEONE  SAYS "FRAH-JEE-LAY"???? IT'S A MOVIE LINE REFERENCE. WE'LL TELL YOU ABOUT ITS CONNECTION TO  AGRICULTURE WHEN WE COME BACK.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA. SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN MOWER AT KUBOTA.COM.  "I WANT A RED RYDER CARBINE ACTION TWO-HUNDRED SHOT RANGE MODEL AIR RIFLE.YOU'LL  SHOOT YOUR EYE OUT, KID NAME:MAKE SURE WE SEE RALPHIE IN THIS VO FROM THAT SCENE]WHO WILL EVER FORGET THAT MEMORABLE LINE FROM THE CHRISTMAS CLASSIC  MOVIE - "A CHRISTMAS STORY'. THE ONLY THING RALPHIE WANTS UNDER THE CHRISTMAS TREE THAT YEAR IS A  RED RYDER B-B GUN. EVEN THOUGH THE STORY LINE TOOK PLACE IN INDIANA - MUCH OF IT WAS  ACTUALLY FILMED IN CLEVELAND, OHIO. THIS YEAR MARKS 35 YEARS SINCE THE MOVIE WAS RELEASED. TO CELEBRATE THE OCCASION, THIS YEAR'S ANNUAL BUTTER DISPLAY AT THE  OHIO STATE FAIR SHOWCASES SEVERAL SIGNATURE CHARACTERS. IN THIS REPORT PROVIDED BY THE AMERICAN DAIRY ASSOCIATION MIDEAST,  BARB CONSIGLIO TAKES US DOWN MEMORY LANE. GRAB YOUR RED RYDER B-B GUN AND PUT ON YOUR SNOW SUIT BECAUSE THIS YEAR'S BUTTER DISPLAY AT THE OHIO STATE FAIR IS A TRIBUTE TO A CLASSIC FILM THAT'S BECOME A HOLIDAY TRADITION NATIONWIDE. "THIS YEAR'S BUTTER DISPLAY CELEBRATES THE 35TH ANNIVERSARY OF THE HOLIDAY CLASSIC, "A CHRISTMAS STORY," WHICH WAS FILMED IN CLEVELAND, OHIO. THE DISPLAY FEATURES RALPHIE IN HIS BUNNY PAJAMAS, A BUTTER CHRISTMAS TREE DECORATED WITH REAL LIGHTS, RANDY IN HIS SNOWSUIT AND OF COURSE, THE FAMOUS LEG LAMP. AND SOMEONE MUST HAVE TRIPLE DOG DARED THE BUTTER CALF, BECAUSE SHE AND FLICK BOTH HAVE THEIR TONGUES STUCK TO A POLE, AS THE TRADITIONAL BUTTER COW LOOKS ON. "IT WAS A PLEASURE TO WORK ON. I FOUND MYSELF LAUGHING SOMETIMES JUST THINKING ABOUT IT AS I WAS WORKING." SCULPTORS SPENT ABOUT 400 HOURS IN A FORTY-SIX DEGREE COOLER TO CREATE THE NOSTALGIC ICONS FROM ABOUT TWENTY-TWO HUNDRED POUNDS OF BUTTER.  BUT BEFORE ANY BUTTER WAS ADDED, THEY HAD TO DO SOME WORK TO ENSURE THE DISPLAY WOULDN'T BE TOO...FRA-GEE-LAY.  "THERE'S A STEEL, USUALLY STEEL OR WOOD ARMATURE INSIDE. SOME THINGS CAN'T SUPPORT THE WEIGHT. OBVIOUSLY COW'S LEGS OUT OF BUTTER COULDN'T SUPPORT THE WEIGHT OF A COW OUT OF BUTTER"   EACH YEAR, THE AMERICAN DAIRY ASSOCIATION MIDEAST CHOOSES A THEME AND UNVEILS THE BUTTERY DISPLAY TO MORE THAN A HALF A MILLION FAIRGOERS WHO VISIT THE DAIRY PRODUCTS BUILDING AT THE OHIO STATE FAIR. "TO PAY TRIBUTE TO A HOLIDAY TRADITION HERE AT THE FAIR WHERE THE BUTTER COW IS A TRADITION IS REALLY SOMETHING SPECIAL."  AND THIS YEAR IT'S BRINGING SOME HOLIDAY SPIRIT TO EVERYONE'S SUMMER. IN COLUMBUS, THIS IS BARB CONSIGLIO REPORTING.I'VE BEEN TO THE HOUSE IN CLEVELAND WHERE EXTERIORS SHOTS WERE  TAKEN. IT'S NOW A MUSEUM. BY THE WAY  YOU CAN ALSO ENJOY ICE CREAM, MILKSHAKES, AND CHEESE  SANDWICHES WHEN YOU CHECK OUT THE AMERICAN DAIRY ASSOCIATION'S BUTTER DISPLAY AT THE  FAIR. IT RUNS THROUGH AUGUST FIFTH. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY I'M BETSY JIBBEN. HAVE A GOOD DAY. 

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