AgDay Daily Recap - June 28, 2018

June 28, 2018 02:57 AM
 

TODAY ON AGDAY
JUNE 28, 2018

HEADLINES

FIREWORKS OF THE FARM BILL FACING A JULY 4TH BREAK ON CAPITOL HILL. IN AGRIBUSINESS - PREPPING FOR THE BIG ACREAGE REPORT. MONITORING SEASONAL DEMAND FOR BEEF. TRACKING BIRD FLU TO THE SUNNY SHORES OF NEW JERSEY.  "YOU TRAIN YOUR EYE, YOU'RE LOOKING FOR SOMETHING SPECIFIC." PLUS LIFE LESSONS FROM THE CAB OF A COMBINE IN OKLAHOMA WHEAT  COUNTRY. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

SENATE FARM BILL
GOOD MORNING I'M CLINTON GRIFFITHS. THE SENATE CONTINUING ITS DEBATE OVER ITS VERSION OF THE FARM BILL  AS THEY STRIVE TO PASS THE LEGISLATION BEFORE THE JULY 4 RECESS.  THE SENATE STARTING THE PROCESS MONDAY OF THIS WEEK..SPARKING  SEVERAL DAYS OF DEBATE, AMENDMENTS AND VOTES. LEADERS OF THE AG COMMITTEE STRESSING THE IMPORTANCE OF KEEPING THE  BILL BIPARTISAN. BETSY JIBBEN JOINS US NOW WITH MORE.  CLINTON, IT MAY HAVE BEEN A SLOWER START FOR THE SENATE AS ITS MEMBERS DEBATED  FARM BILL AMENDMENTS WEDNESDAY.  PAT ROBERTS AND DEBBIE STABENOW GOING OVER WHICH OF THE AMMENDMENTS TO VOTE OR ACCEPT IN THE BILL.  THE SENATE HOLDING SOUTH DAKOTA SENATOR JOHN THUNE'S AMENDMENT ON  CRP IMPROVEMENT CHANGES AS A PENDING AMENDMENT TO START OFF THE DEBATE.  THE AMENDMENT POTENTIALLY INCREASES LAND USE FLEXIBILITY WITH HAYING AND GRAZING HELPING ENSURE ADEQUATE INTEREST IN CRP IN SPITE OF LOWER  ANNUAL RENTAL RATES.  "ALL FARMERS ARE FAMILIAR WITH THE CONSERVATION PROGRAM OR CRP WHICH PROVIDES INCENTIVES  FOR FARMERS TO TAKE ENVIRONMENTALLY SENSITIVE LAND OUT OF PRODUCTION FOR 10 TO 15 YEARS. A LOT  OF FARMERS HAVE TOLD ME THAT THEY DON'T WANT TO RETIRE PORTIONS OF THEIR LAND FOR A DECADE OR  MORE AND THEY DON'T WANT TO PLACE EXPENSIVE SEED, FERTILIZER AND EXPENSIVE INPUTS ON THEIR POOREST LAND ESPECIALLY NOW WHEN PRICES ARE AT SUCH LOW LEVELS."DURING QUORUM CALL WEDNESDAY,  OTHER SENATORS SPOKE ON THE FLOOR ABOUT DIFFERENT TOPICS FROM TAX  REFORM TO TRADE AND TARIFFS.  SENATORS BOB CORKER OF TENNESSEE  AND PAT TOOMEY  OF PENNSYLVANIA  PROPOSING AN AMENDMENT WHICH FORCES THE PRESIDENT TO GET  CONGRESSIONAL APPROVAL FOR CERTAIN TARIFFS. "THIS AMENDMENT SAYS WHEN A PRESIDENT WANTS TO IMPLEMENT TARIFFS BECAUSE IT'S ESSENTIAL TO OUR COUNTRY, THAT HE COULD DO SO AS LONG AS HE HAS CONSENT FROM CONGRESS. 52 IT WOULD  REQUIRE A PROCESS WHERE IT COULDN'T BE DRAGGED OUT OR FILIBUSTERED. ULTIMATELY, CONGRESSIONAL  RESPONSIBILITY."FARM JOURNAL WASHINGTON CORRESPONDENT JIM WIESEMEYER SAYS THE  AMENDMENT IS GENERATING CONTROVERSY --- MAKING IT LIKELY TO BE PUSHED  AS AS A STAND-ALONE BILL - SEPARATE FROM THE BIPARTISAN APPROACH OF THE  FARM BILL.  IOWA SENATOR CHUCK GRASSLEY SAYING DURING HIS WEEKLY SATELITTE CALL  HIS AMENDMENT FOR TOUGHER FARM PAYMENT RULES MADE ITS WAY INTO THE  SENATE VERSION WITHOUT DEBATE.  GRASSLEY THE ONLY MEMBER OF THE SENATE AG COMMITTEE WHO VOTED DOWN ITS ORGINAL VERSION OF THE FARM BILL BEFORE THE AMENDMENT WAS  ADDED. 

IMMIGRATION REFORM STALLED
MEANWHILE THE HOUSE REJECTING ANOTHER RUN AT IMMIGRATION REFORM.  LAWMAKERS OVERWHELMINGLY REJECTED THE BILL IN A 121-301 VOTE, FALLING  WELL SHORT OF THE ROUGHLY 218 VOTES NEEDED TO PASS.  NO DEMOCRATS VOTED IN FAVOR OF THE BILL. AN AMENDMENT FROM REPRESENTATIVE BOB GOODLATTE-- THE AG ACT-- ALSO  PULLED FROM THE LEGISLATION AHEAD OF THE VOTE. IT WOULD HAVE MADE MAJOR CHANGES TO THE NATION'S GUEST WORKER  PROGRAM. THE BIGGEST THING I WOULD SAY IS ALL OF OUR INDUSTRY HAS FAILED TO GET ANY MOVEMENT  IN THE HOUSE OF REPRESENTATIVES FOR THE LAST 20 YEARS. WE HAVE PASSED BILLS IN THE SENATE TO  GO NOWHERE BUT OUR STRATEGY IN THE HOUSE HAS NOT BEEN WORKING. 38 (TAKE OUT MIDDLE) 48 YOU GOT TO UNDERSTAND THE TWO BODIES ARE DIFFERENT AND WE PREACH THIS. WE SAY LET'S GO GET THE  BEST VOTE IN THE HOUSE AND THE BEST IN THE SENATE AND LET'S GET A COMPROMISE BUT LET'S GET  SOMETHING DONE IN OUR INDUSTRY BECAUSE THIS IS OUR NUMBER ONE PROBLEM. IT HAS BEEN FOR  TWO DECADES AND YET WE HAVEN'T SOLVED THE PROBLEM.""THERE WAS A CONVERSATION WHETHER WE WOULD BRING UP AG GUESTWORKER ONLY IN JULY.  UNFORTUNATELY, I DON'T THINK THAT SERVES US VERY WELL IN OUR INDUSTRY BUT THE FACT IS WE ARE  BRINING MORE AG LABOR TO THE TABLE BECAUSE YOU GOT THE WHOLE COMPREHENSIVE PORTION WITH THE DACA RECEPIENTS. SO, IT'S NOT COMPREHENSIVE TO ALL INDUSTRIES BUT IT'S COMPREHENSIVE THAT  IT'S DEALING WITH A PARTICULAR PROBLEM WITH DACA RECEIPIENTS AND HOW TO HANDLE THAT AND THE AG GUESTWORKER PROGRAM IS RIDING THE COATTAILS. IF WE ARE STANDING BY OURSELVES, WE'RE GOING TO GET PICKED APART BY THE ADVOCACY GROUPS."CARR SAYS H2A IS A BROKEN PROGRAM THAT'S DIFFICULT TO USE. THAT'S WHY  HE SUPPORTS H2C. 

BIRD FLU OUTBREAK
THE WORLD HEALTH ORGANIZATION SAYS CHINA SELF-REPORTED AN OUTBREAK  OF HIGHLY PATHOGENIC H5N1 BIRD FLU THIS WEEK. ACCORDING TO PUBLISHED REPORTS IT IS THE FIRST CASE OF THE H5N1 STRAIN  OF FLU TO BE REPORTED ON A CHINESE POULTRY FARM SINCE 2014,  IN THIS COUNTRY, RESEARCH ON AVIAN FLU IS A DAILY BATTLE AS THE VIRUSES  ARE CONSTANTLY CHANGING AND MUTATING. SCIENTISTS ARE SCOURING THE BEACHES FOR CLUES ON HOW THE VIRUS  EVOLVES. THE JERSEY SHORE - WHERE ATLANTIC WAVES CRASH INTO SANDY BEACHES - RESEARCHERS ARE SIFTING THROUGH A MIXING BOWL FOR INFLUENZA. "YOU TRAIN YOUR EYE, YOU'RE LOOKING FOR SOMETHING SPECIFIC,"ALONG THESE PASTORAL SHORES , UP TO 300-THOUSAND SHOREBIRDS AND GULLS COME TO FROLICK AND FEAST BETWEEN MID-MAY AND EARLY JUNE. MANY   AREMIGRATING FROM SOUTH AMERICA. THE BIRDS GOBBLE-UP EGGS OF THE HORSEHOE CRABS THAT EMERGE FROM  THE WATER TO LAY TINY EGGS.  WHERE THEY EAT, THESE BIRDS ALSO RELIEVE THEMSELVES. THE HEAVY CONCENTRATION OF DIFFERENT BIRDS MAKES IT ONE OF THE  WORLD'S HOT-SPOTS FOR BIRD FLU. "WE HAVE THIS ESSENTIALLY SOUP OF DIFFERENT FLU VIRUSES AND WHAT  HAPPENS WHEN YOU GET A FAMILY OF VIRUSES TOGETHER THEY START MIXING  AND MATCHING GENETIC ELEMENTS."> THIS PLACE - THE DELAWARE BAY OF NEW JERSEY - IS IDEAL FOR SCIENTISTS TO  SEEK CLUES ON HOW FLU VIRUSES EVOLVE, SO THEY JUST MIGHT BETTER  PROTECT PEOPLE. THE TEAM SCOOPS UP FLU-INFECTED BIRD DROPPINGS IN A TUBE....AND SHIPS TO MEMPHIS, TENNESSEE - HOME TO ST JUDE CHILDREN'S  RESEARCH HOSPITAL. THERE, RESEARCHERS ARE SEEKING NEW CLUES AS TO HOW SHOREBIRDS ARE SWAPPING FLU STRAINS. "IT'S IMPORTANT BECAUSE EVENTUALLY, WE WOULD LIKE TO BE ABLE TO PREDICT WHICH WOULD BE THE NEXT PANDEMIC OF INFLUENZA AND AT THE MOMENT WE FAIL TO MAKE PREDICTIONS."> DOCTOR RICHARD WEBSTER IS CREDITED WITH MAKING THE FIRST CONNECTION BETWEEN HUMAN FLU PANDEMICS AND BIRD VIRUSES. HE STARTED THE  RESEARCH PROJECT AT THE DELAWARE BAY DECADES AGO. "BY DOING THIS TYPE OF RESEARCH, CHARACTERIZING THE TYPE OF VIRUSES THAT ARE THERE, THAT'S OUR  END GOAL IS TO BE ABLE TO SAY, UH OH, HERE'S SOMETHING WE'VE GOT TO WORRY ABOUT."   > THE WORK AT THE BAY OFFERS A SMALL GLIMPSE INTO SIMILAR BUT LITTLE- KNOWN EFFORTS AROUND THE GLOBE, TO BETTER PREPARE FOR THE NEXT  SUPER-FLU. 

CROP COMMENTS
MIKE HOFFMAN JOINING US WITH ANOTHER ROUND OF CROP COMMENTS THIS  WEEK. GOOD MORNING, MIKE.  GOOD MORNING, CLINTON.  LET'S MAKE OUR WAY DOWN SOUTH TO LOUISVILLE, GEORGIA.  TY BRETT THOUGHT HE'D SHOW US THE CONDITION OF THE CORN IN THE AREA  BY SETTING IT NEXT TO A RIFLE STOCK!  THE AREA IS FORECAST TO RECEIVE SOME RAIN OVER THE WEEKEND.  HEADING BACK UP NORTH TO LENAWEE COUNTY, MICHIGAN KEN LAKE SENDING US SOME WINTER WHEAT COVERING THE AREA. HE SAYS THE WHEAT HAS SOME HEAD SCAB. OTHERWISE, IT LOOKS LIKE AN  ABOVE AVERAGE CROP.   USDA SEEMS TO AGREE - 78 PERCENT OF MICHIGAN'S WHEAT IS RATED GOOD TO EXCELLENT.  AND TAKE A LOOK AT THE WIND SPEED FORECASTING SEE A LITTLE BIT WINDY IN OUR SOUTHERN PLAINS AS  WE START THE DAY GETS A LITTLE WINDY OR THOUGH IN PARTS OF THE TENNESSEE VALLEY IN MUCH OF THE  WEST AS WE HEAD THROUGH THE AFTERNOON HOURS HEADING INTO TOMORROW KIND OF WINDY FROM THE WESTERN GREAT LAKES INTO THE CENTRAL AND SOUTH WESTERN PLAINS AND THAT ONLY GETS WINDIER AS  WE HEAD THROUGH THE DAY A FAIR AMOUNT OF WIND FROM THE GREAT LAKES INTO KANSAS IN A FEW  SPOTS OUT WEST. WE'LL HAVE YOUR FORECAST COMING UP. BUT FIRST HERE ARE SOME HOMETOWN. TEMPS.  

TEASE
WE'LL PREVIEW THE USDA'S PENDING ACREAGE REPORT COMING UP NEXT. LATER - WE'RE OFF TO THE WHEAT FIELDS OF OKLAHOMA WHERE HARVEST TIME  GIVES FARMERS A TIME TO REFLECT ON WHAT'S IMPORTANT. 

FLOOR OF THE CME
IN AGRIBUSINESS LETS SEE HOW MARKETS MOVED AT MID WEEK--FOR THAT WE  HEAD TO THE FLOOR OF THE CME IN CHICAGO. CORN AND SOYBEAN MARKETS TRADED BOTH SIDES OF UNCHANGED HERE ON WEDNESDAY. I VERY  FIRMLY BELIEVE THAT TRADE TENSIONS BETWEEN THE U.S. AND CHINA HAVE KEPT ANY SORT OF RALLY ATTEMPT IN THESE GRAIN MARKETS. I THINK LARGE MONEY MANAGERS THE FUNDS ARE VERY AVERSE TO  THE LONG SIDE OF THESE MARKETS BECAUSE OF THE ONGOING TRADE DISPUTE AND REALLY UNCERTAINTY  REGARDING DEMAND FOR SOYBEANS IN PARTICULAR ON THE WEATHER FRONT. I DO SEE A LITTLE BIT OF A  THREAT HERE IN REGARD TO THE U.S. CORN BELT. WE'VE GOT A SYSTEM OF HEAT THAT'S GOING TO COME IN THIS WEEK IT'S GOING TO STICK AROUND FOR TEN DAYS TO TWO WEEKS. WE'RE GOING TO SEE  WIDESPREAD TEMPERATURES THAT ARE FIVE TO 10 DEGREES ABOVE NORMAL HEAT IS NOT A GOOD THING  DURING POLLINATION AND I'M NOT SURE WHAT SORT OF IMPACT IT WILL HAVE ON THE CROP. IT'S VERY TOUGH  TO SAY WHAT'S GOING TO HURT THIS CORN CROP IN PARTICULAR THESE DAYS GIVEN MODERN GENETICS. MODERN SEED VARIETIES WE DO HAVE A REPORT AT THE END OF THE WEEK. THIS IS THE PLANTED  ACREAGE AND QUARTERLY STOCKS REPORT. BOTH OF THOSE STATISTICS COULD CONTAIN SURPRISES. THEY  VERY OFTEN DO IT SEEMS LIKE THE ACREAGE NUMBERS ARE ALWAYS VERY DIFFICULT TO GUESS. TRADERS ARE EXPECTING LARGER CORN AND SOYBEAN ACREAGE VERSUS MARCH BUT I STILL THINK THAT THE TRADE  ISSUES AND THE ISSUES WITH CHINA IN PARTICULAR ARE THE BIGGEST DRIVER OF PRICES RIGHT NOW AND  THEY REALLY HAVE KEPT A LID ON GRAIN PRICES CORN SOYBEANS AND WHEAT REALLY JUST ACROSS THE  BOARD HERE.


AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK TODAY MATT BENNETT BENNETT CONSULTING. OUR GUEST MATT LET'S  LET'S TALK. YOU KNOW WE'VE BEEN TALKING ACREAGE IT SEEMS LIKE SINCE LAST HARVEST SEASON NOW  BUT WE'RE ACTUALLY ABOUT TO GET A REAL MEASUREMENT OF THAT THIS WEEK. WHAT DO YOU THINK.  WHAT'S YOUR WHAT'S YOUR THOUGHTS ON THAT. YOU KNOW MOST FOLKS AT THE END OF MARCH WERE SURPRISED THAT WE WERE 177 TOTAL CORN AND BEANS. I WAS KIND OF SURPRISED. PERSONALLY I  THOUGHT WE'D BE TRENDING MAYBE A LITTLE CLOSER TO 180 BUT OBVIOUSLY COTTON ACRES. YOU KNOW  THEY MADE A STRONG PUSH AND THEY GOT THE ACRES. I MEAN I DON'T SEE ANY WAY THAT THEY DIDN'T.  IF I WAS GOING TO LOOK FOR ONE OF THE TWO TO INCREASE MORE SO THAN THE OTHER THING I'D LOOK TOWARDS SOYBEANS. I THINK THAT THE ECONOMICS CERTAINLY SUGGEST IT OFFSPRING SPRING SOYBEANS  WOULD BE VERY COMPETITIVE AT THE VERY LEAST THE RATIOS CERTAINLY SUGGEST MORE SOYBEAN ACRES  AND THEN THE WEATHER LATE IN THE YEAR YOU GOT TO REMEMBER DUANE WERE TALKING ABOUT THIS  EARLIER IN THE PLACES THAT IT WAS WET. I MEAN THERE IS SOME PLANT WHETHER YOU'RE TALKING IN MINNESOTA I MEAN SUPER WET IN IOWA IN NORTHERN IOWA. I THINK THERE'S PROBABLY A FEW ACRES OF  CORN THAT ARE MAYBE SUBSEQUENT MAYBE YOU PICKED UP SOME EARLY MIGHT LAST SOME TOO. I  DON'T KNOW THAT ACRES ON CORN GO UP A WHOLE LOT. YEAH. WHENEVER WE GET THIS NUMBER IS THERE ANYTHING THAT SPECIFICALLY TARGETS OR THRESHOLD NUMBERS THAT YOU'RE LOOKING AT TO SEE  WHETHER OR NOT IT'S GOING TO END UP AFFECTING PRICE. YOU KNOW I DON'T THINK IF YOU TAKE CORN  ACRES UP TO 89 AT MOST I DON'T THINK IT'S GOING TO HURT PRICES SO MUCH. I THINK THAT IF YOU KEEP IT  BELOW 89 YOU'RE STILL LOOKING AT A SITUATION WHERE YOU'RE PROBABLY TIGHTENING STOCKS IN THE U.S. STILL FOR CROP A NEW CROP IN THE WORLD WE ALREADY KNOW OLD CRAWFISH AND NEW CROP ARE  GOING TO BE TIGHTENING AS FAR AS SOYBEANS GO. I THINK IT'S KIND OF EXPECTED A MILLION HALF ACRE  INCREASE PROBABLY. I THINK IF YOU GET OVER SAY MAYBE 91 A HALF OR SO IT COULD BE REALLY ADVERSELY AFFECTING PRICES FOR SOYBEANS. OK. SO THAT'S SOMETHING TO WATCH AS WE GO BEYOND  THIS REPORT ACREAGE MATTER BEYOND THAT OR BECAUSE WE'VE GOT TO GET TO HARVESTED. RIGHT. I  MEAN WE GOT TO GET TO HARVEST AGAR'S. AS YOU KNOW IT'S BEEN SUPER WET AND SOME OF THE AREAS CUBIN CONTINUE TO GET POUNDED SO THAT MIGHT HAVE SOME IMPLICATIONS AS FAR AS  HARVESTED ACRES GO ON FARTHER DOWN THE ROAD. IT'S GOING TO BE VERY INTERESTING TO SEE HOW SUMMER WEATHER PLAYS OUT. ABSOLUTELY. GOOD TO BE HERE. THANK YOU WE'LL BE BACK WITH MORE  AGDAY IN JUST A MINUTE

WEATHER
WELCOME BACK AGDAY METEOROLOGIST MIKE HOFFMAN HERE HELPING US SORT THROUGH THE  WEATHER AND MIKE AS WE LOOK AT THIS FRONT. OUR LAST CHANCE FOR COOLER WEATHER FOR A WHILE  MAYBE LOOKS LIKE AT THIS FRONT'S GOING TO BRING SOME HEAT TO MOST OF THE CENTRAL PLAINS THAT  WILL BE SPREADING EASTWARD FROM THERE TAKING OVER A LOT OF THE COUNTRY TO THE NORTH AND NORTHEAST OF THAT FRONT THEN IS GOING TO BE THE BEST CHANCES TO GET A LITTLE BIT OF RAIN ALONG AND  NORTH OF THESE FRONTAL SYSTEMS. AS YOU CAN SEE YOU KNOW WE'RE KIND OF ALSO WATCHING AN INTERESTING FEATURE JUST OFF THE WEST COAST OF MEXICO THERE IT'S SHOWN ON OUR COMPUTER MODELS  TO BE COMING NORTH SO PERHAPS AS WE HEAD INTO THIS WEEKEND AND EARLY NEXT WEEK WE MIGHT  START TO GET SOME MOISTURE BACK INTO THE SOUTHWEST AS YOU FOLKS HAVE BEEN MISSEN IN THE PAST FEW DAYS. LET'S FLIP THE MAPS INTO MOTION FIRST AREA OF LOW PRESSURE MOVING THROUGH NEW  ENGLAND LOTS OF RAIN IN THAT AREA NOT NECESSARILY REAL HEAVY BUT IT'S GOING TO RAIN OFF AND ON IN  SOME OF THOSE SPOTS JUST SPOTTY SHOWERS AND THUNDERSTORMS DEVELOPING IN THE HEAT OF THE  AFTERNOON FROM THE TENNESSEE VALLEY INTO FLORIDA. YOU CAN SEE NOT A LOT ALONG THESE FRONTS  AS WE HEAD THROUGH THE AFTERNOON HOURS HEADING INTO THE MORNING HOURS TOMORROW MOST OF THE RAIN WITH THIS SYSTEM GOING TO BE UP AROUND THE AREA OF LOW PRESSURE NORTH DAKOTA IN  MINNESOTA AND SPOTTY ACTIVITY DOWN INTO WISCONSIN. THAT WARM FRONT WILL CONTINUE TO MOVE TO THE NORTHEAST INTO THE SOUTHWESTERN PORTIONS OF THE GREAT LAKES BY THE END OF THE DAY  TOMORROW. AND THAT TAKES THE 90S BACK INTO THE CHICAGO AREA MILWAUKEE AREA AND MANY  PARTS OF INDIANA AND OBVIOUSLY ILLINOIS AS WELL. LET'S TAKE A LOOK AT THINGS THEN PRECIPITATION  ESTIMATE PAST 24 HOURS. MOST OF IT'S BEEN EAST OF THE MISSISSIPPI AS YOU CAN SEE ADDING IN  THE NEXT 36. OUR COMPUTER MODEL IS SHOWING ONE LITTLE COMPLEX OF THUNDERSTORMS FROM MISSOURI HEADING INTO WESTERN TENNESSEE AS WE HEAD THROUGH TODAY. OTHER THAN THAT YOU  CAN SEE IT WILL JUST ADD SOME OF THE SPOTTY STUFF THROUGHOUT THE SOUTHEAST. NEW ENGLAND  CONTINUES TO GET THAT RAIN ALTHOUGH IT COMES TO AN END AND THEN WE SEE THAT ACTIVITY MOVING THROUGH THE NORTHERN TIER OF STATES. HIGH TEMPERATURES TODAY SOME AREAS ARE GOING TO BE  ABOVE THE 100 DEGREE MARK IN THE CENTRAL PLAINS OBVIOUSLY ABOVE 100 IN THE SOUTHWEST LOW  TEMPERATURES TONIGHT GOING TO A VERY WARM LOOK AT OMAHA 80 FOR A LOW. ALL THE WAY DOWN TO THE GULF OF MEXICO STILL ON THE COOLER SIDE. EASTERN GREAT LAKES INTO NEW ENGLAND. BUT THAT  HEAT STARTS TO MOVE EAST. LOTS OF 90S SHOWING UP FOR MUCH OF THE MIDDLE OF THE COUNTRY  TOMORROW AFTERNOON. HERE'S THE JET STREAM. AND YOU CAN SEE THE RIDGE COMING IN. THIS IS WHY  IT'S A TWO OR THREE DAY AFFAIR FOR THE HEAT AND THEN WE CUT BACK ON THE HEAT. NOW YESTERDAY THIS MODEL WAS SHOWING THE TROUGH KIND OF DEVELOPING INTO THE GREAT LAKES. YEAH THAT'S A  LITTLE BIT OF A DIFFERENCE THAT WOULD BRING THE HEAT RIGHT BACK AS WE HEAD INTO THE MIDDLE OF  NEXT WEEK FOR THE FOURTH OF JULY. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT  SOME LOCAL FORECASTS. FIRST OF ALL FRESNO CALIFORNIA LOTS OF SUNSHINE NOT AS HOT. HIGH TEMPERATURES STILL 93 THOUGH RUSSELL KANSAS PARTLY SUNNY BREEZY AND HOT 103 AND CANTON  OHIO PARTLY SUNNY WARM HUMID HIGH AROUND 84. 

TEASE
WE'LL CHECK CATTLE MARKETS AND SUPPLY PRESSURE NEXT ON DROVERS TV. LATER WE VISIT WITH AN OKLAHOMA WHEAT FARMER WHOSE YIELDS ARE SHORT  BUT TIME IN THE CAB IS ABUNDANT AND FRUITFUL.

DROVERS TV
IN DROVERS T-V, CATTLE MARKETS CONTINUE TO DECLINE AS SUPPLIES  CONTINUE TO INCREASE. DROVERS EDITORIAL DIRECTOR GREG HENDERESON  TAKES A LOOK. LARGE SUPPLIES CONTINUE TO PUSH CATTLE MARKETS LOWER, AND PACKERS HAVE ONLY OFFERED  TENTATIVE BIDS THIS WEEK AHEAD OF THE FOURTH OF JULY HOLIDAY. THE LAST FIRM MARKET TEST WAS AT  $107 TO $110 PER CWT, AND ANALYSTS BELIEVE WE COULD SEE ANOTHER $2 TO $3 TRIMMED OFF THOSE PRICES THIS WEEK. LAST WEEK'S HARVEST TOTAL WAS 664,000 HEAD, THE LARGEST OF THE YEAR AND IS  LIKELY TO BE FOLLOWED BY ANOTHER LARGE HARVEST NUMBER THIS WEEK. PACKER MARGINS REMAIN NEAR $300 PER HEAD, BUT THEY'VE MAINTAINED THEIR LEVERAGE OVER THE  MARKET AS FUTURES PRICES SUGGEST EVEN LOWER PRICES IN JULY AND AUGUST. THE AUGUST CONTRACT IS TRADING AT A STEEP DISCOUNT TO CASH, AND THAT SHOULD ENCOURAGE FEEDERS TO BE AGGRESSIVE  SELLERS. BEEF DEMAND HAS HELPED SUPPORT PRICES, BUT WE'RE ENTERING A PERIOD OF SEASONAL DEMAND  DECLINE BETWEEN THE FOURTH OF JULY AND LABOR DAY. THIS YEAR HAS ADDITIONAL VOLATILITY AS  RHETORIC OVER A TRADE WAR ESCALATES WITH CHINA. IN BRAZIL, FEDERAL PROSECUTORS HAVE CHARGED FORMER JBS CHAIRMAN  JOESLEY BATISTA AND TWO OTHERS WITH CORRUPTION. BATISTA AND ANOTHER FORMER EXECUTIVE HAD BEEN EXEMPT FROM  PROSECUTION FOR CONFESSING TO BRIBERY AND AGREEING TO COOPERATE  WITH AUTHORITIES. THE BRAZILIAN SUPREME COURT IS DECIDING WHETHER TO ANNUL THE PLEA. BATISTA ALLEGED THAT THEY BRIBED NEARLY 2,000 POLITICIANS AT ALL LEVELS  OF GOVERNMENT IN THE PAST DECADE - INCLUDING PRESIDENT TEMER. 

CLOSE
WHEN WE COME BACK - CAB-TALK - AS AN OKLAHOMA FARMER REFLECTS ON  HARVEST TIME AND THE LESSONS HE HOPES HIS YOUNG SON IS GAINING WHILE  RIDING IN THE CAB WITH DAD. 

IN THE COUNTRY
WINTER WHEAT HARVEST IS IN THE HOMESTRETCH FOR OKLAHOMA FARMERS. AS  OF MONDAY, 92-PERCENT WAS CUT. BUT THE NUMBERS ON THE YIELD MONITOR STATEWIDE ARE DISAPPOINTING. IT'S  BEEN A TOUGH GROWING SEASON BETWEEN A SPRING FREEZE FOLLOWED BY A  SPRING DROUGHT. DESPITE IT ALL - HARVEST TIME IS STILL EMBRACED BY MANY FARMERS AS A TIME  TO REFLECT ON WHAT THEY DO. LYNDALL STOUT FROM OKLAHOMA STATE'S SUN-UP JUMPS IN THE CAB WITH ONE  FARMER AS HE BRINGS IN THE GOLDEN GRAIN.WITH SON WAYLON IN TOW… LENDAL VANAMAN SAYS… THIS IS HIS HAPPY  PLACE. LENDALVANAMAN: "THAT IS MY HOME. THERE IS NO PLACE I'D RATHER BE THAN ON A COMBINE. I'VE  BEEN THAT WAY SINCE I WAS MY BOY'S AGE. SINCE I WAS THREE YEARS OLD I RODE IN A COMBINE WITH MY GRANDAD." LENDAL KNEW THEN HE'D BE A FARMER… FIRST INSPIRED BY HIS GREAT- GRANDMOTHER… HER, NOW CENTENNIAL FARM, EVENTUALLY BECAME HIS. LENDALVANAMAN: "THAT'S KIND OF WHERE MY PASSION AND DRIVE FOR AGRICULTURE COMES FROM IS  FROM HER. SHE DID IT FOR SO LONG. THEY PROSPERED FOR SO LONG. ALONG WITH MY FATHER-IN-LAW AND HIS FAMILY. THEY'VE SUFFERED DROUGHTS FOR YEARS. THEY'RE STILL HERE AND THERE STILL GOING. SO,  HOPEFULLY WE'LL STILL BE GOING WHEN MY BOY'S UP AND GOING." THAT RESILIENT MINDSET…  ESPECIALLY IMPORTANT IN YEARS LIKE THIS. LENDALVANAMAN: "WE'RE SEEING ABOUT HALF THE YIELD ON A NORMAL YEAR. SOME'S BEEN A LITTLE  LESS AND SOME'S BEEN A LITTLE MORE THAN THAT. BUT I'D SAY WE'RE AVERAGING ABOUT 30 BUSHEL  WHEN WE'D NORMALLY SHOULD BE AROUND 60." LENDALVANAMAN: "THE PLANT'S BEEN SO STRESSED OUT. IT HAD DROUGHT, THEN IT HAD FREEZE, THEN  WE HAD DROUGHT. WE HAD A FOUR-INCH MONSOON THE DAY WE STARTED CUTTING, WHICH DIDN'T REALLY  HELP. WE BASICALLY HAD EVERYTHING THROWN AT US THIS YEAR THAT WOULD PUT US DOWN."     THE GROWING SEASON… LENDALVANAMAN: "IN ONE YEAR YOU NEVER KNOW WHAT YOU'RE GOING TO GET." LIKE RIDING A ROLLER COASTER. LENDALVANAMAN: "IT KEEPS YOU ON YOUR TOES." (LAUGHS) WAYLON – WHO TURNS FOUR NEXT MONTH – IS HIS NUMBER ONE HELPER. WAYLON VANAMAN: "CUT WHEAT, IT JUST SPINS AROUND LIKE (ARM SPINS)… SEQUENCE… AND THEN  WHAT HAPPENS… TRUCKS.. LENDALVANAMAN: "HE HAS BEEN IN A COMBINE SINCE HE WAS BORN. HE'S HAD TO RIDE IN ONE  HERE. HE'S RODE IN ONE UP NORTH. HE'S LIVED IN THAT THING AS WELL AS I AM. WE'RE COMBINING, HE'S COMBINING ON THE FLOOR. THERE'S COMBINES AND TRACTORS ON THE BACK OF THE PICKUP.  THERE'S COMBINES AND TRACTORS IN THE COMBINE." IMPORTANT TIME TOGETHER FOR FATHER AND SON…BEGINNING LESSONS  ABOUT FARMING… AND LIKELY… SOMETHING MUCH GREATER. LENDALVANAMAN: "IF I CAN FARM AND I CAN DO MY BEST AT DOING IT, HOPEFULLY HE CAN LEARN FROM  ME AND HE WILL DO HIS BEST AND HIS CHILDREN WILL DO THE SAME. AND THE END RESULT WILL BE A  BETTER WORLD THAT WE CONTINUE ON WITH. THROUGH US AND THROUGH THEM AND THROUGH GENERATIONS TO COME. WE DO OUR BEST AT FEEDING THE WORLD. GIVE IT OUR BEST SHOT." > 

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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