AgDay Daily Recap - March 27, 2018

March 27, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
MARCH 27, 2018

HEADLINES

COULD FRESH TALKS KEEP A TRADE WAR FROM ERUPTING. PLUS,  "I'M MICHELLE ROOK. WHAT DOES THE ACREAGE MIX LOOK LIKE FOR THE 2018 GROWING  SEASON. WE'LL FIND OUT FROM FARMERS COMING UP." IN AGRIBUSINESS... END USER OPPORTUNITY. THE DAIRY REPORT AND AN OMNIBUS SURPRISE. AND SHARP SHOOTING AND STAYING SAFE AT THIS 4-H EVENT IN LOUSIANA. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD.

TRADE TARIFFS, AGREEMENTS
GOOD MORNING I'M CLINTON GRIFFITHS.  WALL STREET BOUNCED BACK MONDAY WHEN IT APPEARED THE U-S AND CHINA  WERE WILLING TO NEGOTIATE DIFFERENCES IN THE TRADE SPAT. ON MONDAY CHINA SAID IT IS WILLING TO TALK TO THE U-S ON THE TRADE TARIFF  ISSUE. ON SUNDAY TREASURY SECRETARY STEVEN MNUCHIN SAID HE'S "CAUTIOUSLY  HOPEFUL" THE TWO COUNTRIES WILL REACH AN AGREEMENT BEFORE THE U-S  PROCEEDS WITH THE TARIFFS. PRESIDENT TRUMP INTENDS TO IMPLEMENT UP TO 60 BILLION U-S DOLLARS IN  TARIFFS ON CHINESE IMPORTS, ACCUSING THE NATION OF STEALING U-S  INTELLECTUAL PROPERTY.   CHINA HAS NOT INDICATED RETALIATORY TARIFFS STEMMING FROM THAT  SPECIFIC ACTION.  HOWEVER THE COUNTRY DID ANNOUNCE THREE BILLION DOLLARS IN TARIFFS  AGAINST U-S PRODUCTS - MANY OF THEM AG PRODUCTS INCLUDING PORK - IN  RESPONSE TO THE U-S TARIFFS ON STEEL AND ALUMINUM. "IF WE LOST ALL OF THAT BUSINESS, AGAIN, I THINK THIS IS ONE OF THOSE THINGS WE'D HAVE TO LOOK AT,  IF WE HAD THAT SIZE OF TARIFF IN TERMS OF PORK, THEN WE WOULD LOSE ABOUT 2 PERCENT OF OUR  PRODUCTION THAT WE WOULD NOT HAVE ALREADY MARKETED FOR. 27 WHAT DOES THAT MEAN? WE THINK  THAT MEANS PROBABLY AR OUND 2 DOLLARS AND 50 CENTS PER HUNDRED WEIGHT OR MAYBE  SOMETHING AROUND 7 DOLLARS PER HOG LOWER PRICE. FARMERS REMAIN CONCERNED ABOUT THE POTENTIAL FOR MARKET  DISRUPTION. "WE EXPORT 1.1 BILLION DOLLARS WORTH OF PORK TO CHINA IN 2017. WHICH IS OUR SECOND  LARGEST CUSTOMER. 36 WE EXPORTED OVER 15 BILLION DOLLARS WORTH OF PORK IN 2017. THAT'S ONE OUT  OF EVERY 4 PIGS. IF WE GET INVOLVED IN A TRADE WAR, A LOT OF OUR PRODUCTION IS AT RISK."A POSITIVE DEVELOPMENT ON THE KOREA-U.S. FREE TRADE AGREEMENT IS  POSSIBLE THIS WEEK.  THE PRESIDENT SAYS AN AMENDED DEAL BETWEEN THE U.S. AND SOUTH KOREA  "IS VERY CLOSE TO BEING FINISHED."  COMMERCE SECRETARY WILBUR ROSS ALSO SAYING THE U.S. IS CLOSE TO A  "PRETTY COMPREHENSIVE RESOLUTION" WITH SOUTH KOREA.  THE TWO COUNTRIES HAVE BEEN IN TALKS TO MODIFY THE 2012 BILATERAL  TRADE PACT SINCE JANUARY. 

PROSPECTIVE PLANTINGS PREVIEW
IT'S A BIG WEEK IN THE GRAIN SECTOR AS USDA WILL RELEASE ITS PROSPECTIVE  PLANTINGS REPORT ON THURSDAY. THERE'S NO SHORTAGE OF PRE-REPORT ESTIMATES FROM PRIVATE ANALYTICAL  FIRMS...INCLUDING OUR CORPORATE COUSINS AT PRO FARMER NEWSLETTER. PROFARMER'S RESULTS SHOW WE SHOULD EXPECT RECORD SOYBEAN  PLANTINGS AGAIN THIS YEAR. PROFARMER'S SOY ESTIMATE COMES IN AT 90- POINT-NINE MILLION ACRES, UP ROUGHLY 800-THOUSAND ACRES FROM LAST  YEAR.  THEY EXPECT MOST OF THE INCREASED PLANTINGS IN THE MIDWEST. PROFARMER'S CORN ESTIMATE COMES IN AT 88-POINT-FOUR MILLION ACRES THIS  YEAR, DOWN ABOUT ONE-POINT-EIGHT MILLION ACRES. HISTORICALLY, THE PROSPECTIVE PLANTINGS REPORT IS A REAL MARKET  MOVER.THE SPECULATION ABOUT WHAT FARMERS WILL PLANT FOR THE SEASON  HAS BEEN TALKED ABOUT FOR WEEKS. LAST MONTH AT USDA'S OUTLOOK FORUM, THJEIR ECONOMISTS ANNOUNCED 90  MILLION ACRES OF BOTH CORN AND SOYBEANS.  MICHELLE ROOK TALKED WITH FARMERS FROM AROUND THE COUNTRY TO GET  THEIR TAKE. 2018 COULD BE ANOTHER CROP YEAR WITH MORE SOYBEANS, LESS CORN AND  NEAR RECORD LOW ACREAGE ON WHEAT.  ALL DRIVEN BY ECONOMICS. IN FACT, EARLY PROJECTIONS ARE FOR RECORD U.S. SOYBEAN ACRES AND BEANS EXCEEDING CORN FOR  THE FIRST TIME AS THE CORN SOYBEAN RATIO FAVORS SOYBEANS.   RAY GAESSER, IOWA FARMER, “THERE IS A TREND TOWARD MORE SOYBEANS THERE’S A LITTLE  MORE PROFITABILITY IN SOYBEANS OR AN OPPORTUNITY TO CREATE A PROFIT THAN THERE IS IN CORN TODAY.”  GENE STOEL, MINNESOTA FARMER, “BEANS PROBABLY HOLDS A $20 TO $30 ADVANTAGE RIGHT  NOW WITH NORMAL YIELDS.” INPUT COSTS FOR SOYBEANS ARE ALSO LOWER THAN CORN AND OTHER CROPS.   KEVIN SCOTT, SOUTH DAKOTA FARMER, “IF YOU CAN’T GET THE FUNDING TO DO THAT OR YOU GET A  REDUCED AMOUNT OF FUNDING.  SOYBEANS WORK BETTER IN A REDUCED FUNDING SCENARIO BECAUSE  THE COSTS ARE NOT AS HIGH AS THE CORN SITUATION.”    EARLY SEED SALES ALSO CONFIRM MORE BEANS AND EVEN SOME BEANS ON BEANS, AT LEAST IF TEXAS  IS ANY INDICATION.    WADE COWAN, TEXAS FARMER, “SO AS A STATE, YES ACRES OF SOYBEANS WILL BE UP IN TEXAS.   IT WILL BE A SIZEABLE AMOUNT, MAYBE AS MUCH AS 200,000 ACRES THIS YEAR MORE.”  NCGA’S PRESIDENT IS MORE OPTIMISTIC ABOUT CORN RETAINING ITS MARKET SHARE.  KEVIN SKUNES, NCGA PRESIDENT AND NORTH DAKOTA FARMER, “WITH LOW PRICES GOOD YIELD  REALLY SOLVES EVERYTHING AND THE YIELD POTENTIAL FOR CORN ON THE UPSIDE IS MUCH BETTER THAN IT  IS FOR SOYBEANS SO I THINK THERE IS THE POTENTIAL TO HAVE MORE CORN PLANTED BECAUSE OF THAT.”   HOWEVER, CORN WILL ALSO LOSE GROUND TO COTTON IN SOUTHERN STATES LIKE TEXAS, DUE TO HIGHER  PRICES.  COWAN, “I FIGURE THEY MIGHT BE UP ANOTHER 100,000, MAYBE 200,000 ACRES.  THE BIG  INCREASES IN COTTON ARE OKLAHOMA LOOKS TO BE A HUGE INCREASE AND KANSAS A HUGE  INCREASE.” WHEAT ACRES WERE AT THE LOWEST LEVEL IN 109 YEARS IN 2017 AND WON’T GAIN MUCH IN 2018 WITH  PRICES WELL BELOW USDA’S BREAKEVEN LEVELS.  GORDON STONER, MONTANA FARMER, “TO BREAK EVEN AND THAT’S FULLY LOADED, THAT’S RETURN  TO MANAGEMENT. BUT THEY’RE TALKING IN THAT $7 RANGE, $7.50 RANGE TO MAKE A PROFIT ON WHEAT,  WE’RE NOWHERE NEAR THAT.”  PLUS, THE DROUGHT IN THE SOUTHERN PLAINS AND POOR CROP RATINGS MAY FURTHER PRESSURE WINTER  WHEAT ACREAGE.   STONER,  “VERY LIKELY ACRES WILL BE ABANDONED.  WE MAY VERY WELL SEE THE LOWEST HARVESTED  ACRES ON RECORD.”  AND IF THE DROUGHT LINGERS THIS SPRING, GRAIN SORGHUM HISTORICALLY PICKS UP SOME ACRES.  TIM LUST, NATIONAL GRAIN SORGHUM GROWERS ASSOCIATION CEO, “SOME OF THE EARLY  PROJECTIONS WE’RE ABOUT A HALF A MILLION ACRE INCREASE CERTAINLY IT’S A LITTLE EARLY TO KNOW THAT  FOR SURE BUT SOMEWHERE IN THAT RANGE.”    YET, THERE ARE STILL MANY FARMERS THAT WILL CONTINUE TO PLANT THE STATUS QUO FOR AGRONOMIC  REASONS.  RON MOORE, ILLINOIS FARMER, “AT LEAST IN OUR PART OF THE WORLD IN WESTERN ILLINOIS THAT’S  NOT GOING TO BE THE CASE.  WE’RE GOING TO STAY WITH OUR MAIN ROTATION ROUGHLY 50-50 BETWEEN  SOYBEANS AND CORN.”  HOWEVER, THERE’S STILL TIME BEFORE MIDWESTERN FARMERS START PLANTING, FOR THE MARKETS OR  WEATHER TO IMPACT THOSE PLANS.    I’M MICHELLE ROOK REPORTING FOR AGDAY .  THANK MICHELLE. BACK TO PRO FARMER'S SURVEY....THEY EXPECT TO SEE MORE  SPRING WHEAT ACRES THIS YEAR, TOTALLING ELEVEN-POINT EIGHT MILLION  ACRES. THAT'S INCREASE OF ABOUT SEVEN PERCENT. PROFARMER PEGS COTTON ACRES AT 13-POINT-SEVEN MILLION - THAT'S ABOUT  EIGHT PERCENT HIGHER. THEY ALSO SEE AN INCREASE IN SORGHUM PLANTINGS DUE TO THE DROUGHT IN  THE SOUTHERN PLAINS. THEIR SURVEY SHOWS A NEARLY NINE PERCENT RISE, COMING IN AT A LITTLE  OVER SIX MILLION ACRES. USDA'S ACREAGE REPORT AND THE QUARTERLY GRAIN STOCKS REPORT COME  OUT AT NOON EASTERN ON THURSDAY. BEFORE THEN, GO TO AGWEB-DOT-COM TO CHECK OUT OUR PREVIEW  COVERAGE ON A VARIETY OF CROPS, INCLUDING COTTON AND SORGHUM.

CROP COMMENTS
FROM RAIN TO SNOW, SPRING WEATHER IS ALREADY MAKING AN IMPACT ACROSS  THE MIDWEST. LETS GET DETAILS IN TODAY'S CROP COMMENTS. MIKE HOFFMAN GOOD MORNING. GOOD MORNING, CLINTON SNOW IS COMING IN COMING DOWN HARD IN LA PORTE CITY, IOWA.  JASON GATES SAYS CONDITIONS ARE BECOMMING WORSE WITH MORE WIND AND  SNOW. HE WISHES IT WOULD QUIT DURING CALVING SEASON.  HIS WISH WILL MORE THAN LIKELY BECOME A REALITY AS TEMPERATURES ARE  EXPECTED TO RISE IN THE LATER HALF OF THE WEEK.  AND JOHN FROM CENTRAL INDIANA ALSO SENDING US A TASTE OF CALVING  SEASON ON HIS OPERATION.  THIS IS HIS 'NIGHTLY BEFORE BED CHECK' HE HAS TO DO THROUGHOUT THE  SEASON.  ND TAKING A LOOK AT THE WIND SPEED FORECASTING HE IS GOING TO BE WINDY AHEAD OF THAT SYSTEM  FROM THE EASTERN GREAT LAKES INTO THE MID MISSISSIPPI VALLEY. ALSO IN THE SOUTHWEST  ESPECIALLY SOUTHERN CALIFORNIA BY LATER TODAY YOU CAN SEE MULTIPLE PATCHES OF WINDY  CONDITIONS HEADING INTO THE DAY TOMORROW. THE WINDS LESSEN ACROSS THE CENTRAL PLAINS AND  THE GREAT LAKES LITTLE BIT BREEZY MID-ATLANTIC TO TEXAS AND THE NORTHERN PLAINS TO THE  SOUTHWEST. THE WINDS WILL INCREASE SO AS WE HEAD INTO THE AFTERNOON NORTHERN ROCKIES IN  THE NORTHERN PLAINS. WE'LL HAVE YOUR FORECAST COMING UP. BUT FIRST HERE ARE SOME HOMETOWN  TEMPS.

TEASE
WHEN WE COME BACK, WE'LL TALK GRAIN PRICES FROM AN END USER'S  PERSPECTIVE...THAT OUR MARKET ANALYSIS. AND WE STOP BY A 4-H COMPETITION WHERE SAFETY IS A PARAMOUNT LESSON  ON THE SHOOTING RANGE. IN THE COUNTRY LATER ON AGDAY.

AGRIBUSINESS
IN AGRIBUSINESS... SOYBEAN MARKETS TRYING TO RALLY BACK ON MONDAY.  LETS SEE HOW THINGS CLOSED. BRIAN DOHERTY STEWART PETERSON OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY BRIAN AS WE  LOOK AT THE MARKETS THAT WE'RE WE'RE SITTING HERE WATCHING. ON ONE SIDE WE HAVE THE GRAIN  BUYERS AND GROWERS AND THE OTHER SIDE WE HAVE LIVESTOCK FOLKS. LET'S SWITCH OVER. PUT OUR  LIVESTOCK HAT ON AND TALK ABOUT BUYING OPPORTUNITIES FOR GRAIN RIGHT. YEAH. IF YOU LOOK AT THE  PRICE OF CORN RIGHT NOW AND WE'RE GETTING PRECONDITION TO THINK THAT FOUR DOLLAR CORN IS  EXPENSIVE CORN SURE. IN REALITY IF WE GO BACK SINCE ABOUT 2005 WE'VE SEEN PLENTY OF YEARS  WHERE VOLATILITY KICKS IN THE MARKET IS A LOT HIGHER. JUST NOT RECENTLY WE'VE GOTTEN AWAY WITH IT  SO TO SPEAK. THE BIG PRODUCTION FROM AN END USER PERSPECTIVE YOU'VE GOT CHEAP SUPPLY  READILY AVAILABLE THAT MAY NOT ALWAYS BE THE CASE AND YOU KIND OF LOOK AT THE LAST TWO YEARS  WE'VE SEEN THE DEMAND SHIP LEAVE PORT. IT'S SAILING AND IT'S PICKING UP STEAM. SO THE WORLD'S  SUPPLY OF CORN IS DIMINISHING. THIS WILL BE THE FIRST YEAR IN EIGHT YEARS THAT THE WORLD DEMAND  WILL OUTSTRIP WORLD SUPPLY. SO MY POINT IS THIS. THERE ARE THINGS KIND OF BUBBLING UNDER THE  SURFACE THAT COULD HAVE REAL SIGNIFICANT IMPACT ON THE PRICE OF CORN. THE BIGGEST VARIABLE WILL  BE WEATHER. SO IF I'M AN END USER PARTICULARLY IF YOU LOOK AT ALL THREE CATTLE HOGS DAIRY DOWN  RIGHT NOW THE LAST THING YOU NEED TO DO IS FIND OUT THE PRICE OF CORN HAS GONE UP 50 CENTS OR A  DOLLAR FIFTY OR 250 YOU GET IN NO OTHER MARKET ALL BETS ARE OFF RIGHT. ABSOLUTELY. IT'S REALLY EASY  TO GET COMPLACENT AND THINK OH WELL THE PRICE IS DOWN IT'S GOING TO STAY HERE FOREVER. YOU  KNOW THAT'S NOT THE CASE. SO IF I'M LOOKING AT HOW FAR OUT ARE WE TALKING ABOUT. WE'RE TALKING  SIX MONTHS. WE TALK IN A YEAR. WE'RE GETTING CLOSE TO PULLING THE TRIGGER. LISA ON IF YOU HAVEN'T  PULL THE TRIGGER AT LEAST ON SIX MONTHS WORTH IF NOT A YEAR'S WORTH. I DON'T THINK THERE'S A  INAPPRECIABLE DOWNSIDE FOR CORN AND I KNOW SOME OF YOUR VIEWERS MIGHT SAY GEEZ I LOOK OUT  MY BACK WHEN I SEE THIS PILE OF CORN IN TOWN. THAT IS THE CASE IN THE WESTERN HALF OF THE  UNITED STATES IN PARTICULAR. BUT THAT'S A SUPPLY DISPLACEMENT WHEN WE LOOK AT THE GLOBAL  MACRO PICTURE AND THE WAY THAT THE MANAGED MONEY WENT FROM NET SHORT TO NET LONG AND JUST  A LIGHT SWITCH FLIPPED. THINGS CAN CHANGE IN A HURRY MINDSETS CHANGE AND ALL OF A SUDDEN IF  WE START SEEING SOME WEATHER EVENTS THAT COULD SUGGEST LOWER YIELD IN CORN. IT'S NOT GOING TO  TAKE LONG FOR NOT ONLY THE SPECULATIVE INTEREST SURE BUT THE COMMERCIAL INTEREST TO JUMP ON  BOARD AND THEN FARMER SELLING BEGINS TO SLOW IN EARNEST. AND SO NOW EVERYBODY WANTS IT  NOBODY WANTS TO SELL IT. SO WE NEED TO BE READY FOR THAT AS A FEED USER PURCHASE YOUR CALL  OPTIONS. IN PARTICULAR WITH THIS PULLBACK IN CORN BEFORE THE ACREAGE REPORT APPRECIATED THAT'S  GOOD ADVICE THANKS SPRY WE'LL WELL BACK MORE AGDAY JUST A MINUTE.

WEATHER
WELCOME BACK TO AGDAY. METEOROLOGIST MIKE HOFFMAN HERE MIKE WE ALWAYS WISH THAT ONCE  WE HIT SPRING YOU'D JUST SHUT THE SNOW OFF AND IT WOULD WARM UP AND IT WOULD BE JUST BEAUTIFUL  SPRING WEATHER FOR MONTHS ON IT. IT HAS BEEN A SPRING WHERE I WISH I COULD CHANGE THE  FORECAST AND IT WOULD COME TRUE. YEAH. DOESN'T WORK THAT WAY. HERE'S THE MAP THIS MORNING.  AND AS YOU CAN SEE A VERY WET SYSTEM ACROSS THE GREAT LAKES CENTRAL MISSISSIPPI VALLEY ALL  THE WAY DOWN INTO TEXAS. LITTLE BIT OF SNOW IN THE NORTHERN FRINGE THERE IN THE GREAT LAKES  AND ALSO BACK INTO PARTS OF COLORADO CENTRAL COLORADO ESPECIALLY NOW PUTTING THE MAPS INTO  MOTION. YOU CAN SEE ALL OF THESE AREAS OF LOW PRESSURE MOVING OFF TOWARD THE NORTHEAST SO IT  CONTINUES TO BE WET. LATER TODAY EASTERN GREAT LAKES ACROSS INDIANA SOUTHERN ILLINOIS ALL THE  WAY DOWN INTO TEXAS PARTS OF NEW MEXICO GETTING A LITTLE BIT OF RAIN AND MOUNTAIN SNOW  THERE. SECONDARY SYSTEM MOVING ACROSS THE NORTHERN PORTIONS OF THE ROCKIES NORTHERN  PLAINS. NOT A LOT OF MOISTURE WITH THAT WIND AS WE HEAD THROUGH THE NIGHTTIME HOURS INTO  TONIGHT. BUT STILL SOME RAIN AND SNOW IN NEW ENGLAND AND THEN RAIN SHOWERS AND  THUNDERSTORMS ACTUALLY ALONG THAT FRONT AS WE HEAD THROUGH THE DAY TOMORROW. AND IT'S JUST  GOING TO BE A SLOW MOVER SO THERE'S GOING TO BE PARTS OF THE OHIO VALLEY TENNESSEE VALLEY  GET A FAIR AMOUNT OF RAIN EVEN THE SOUTHERN GREAT LAKES OUT OF THE SYSTEMS COMING THROUGH  OVER THE NEXT COUPLE OF DAYS. LET'S CHECK THAT THEN PRECIPITATION ESTIMATE OVER THE PAST 24  HOURS FROM SOUTHEAST IOWA TO CENTRAL INDIANA ALL THE WAY BACK INTO NORTH CENTRAL TEXAS. MORE  THAN AN INCH IN MANY PLACES ADDING IN THE NEXT 36 HOURS YOU SEE PARTS OF THE MIDDLE  MISSISSIPPI VALLEY INTO ILLINOIS AND INDIANA GOING TO END UP WITH TWO OR THREE INCHES OF RAIN.  AND THAT'S THE SAME IDEA FOR AREAS FROM WESTERN TENNESSEE BACK ACROSS ARKANSAS SO THIS IS  A PRETTY WET SEVERAL SYSTEMS HERE COMING TOWARD THE EAST AS FAR AS SNOW IS CONCERNED IT'S  ALL IN THE NORTHERN FRINGE OF THESE SYSTEMS ADDING IN THE NEXT 36 HOURS TO GO WITH THE  PREVIOUS 24 AND YOU CAN SEE NORTHERN MINNESOTA CENTRAL COLORADO AND THE HIGHER ELEVATIONS  TOWARD THE NORTHWEST FROM THERE GETTING SOME DECENT AMOUNTS OF SNOW. 70S AND 80S THOUGH  SHOWING UP FOR HIGH TEMPERATURES THIS AFTERNOON. SOUTHERN MISSISSIPPI VALLEY JUST 40S ACROSS  THE NORTHERN PLAINS. TONIGHT WE'RE LOOKING AT FROST AND FREEZE ACROSS PARTS OF MINNESOTA AND  NORTHERN GREAT LAKES ONCE AGAIN BACK INTO MANY PARTS OF THE ROCKIES STILL MILD IN THE  SOUTHEAST. OUT AHEAD OF THAT NEXT COLD FRONT THEN YOU CAN SEE LATE IN THE AFTERNOON TOMORROW  70S AND 80S FROM THE MID-ATLANTIC BACK TO TEXAS. BUT A LOT OF 50S BEHIND IT AND EVEN SOME  30S AND 40S FOR HIGHS. BY THE TIME WE GET TO THE CANADIAN BORDER HERE'S THE JET STREAM AND  WE'VE BEEN TALKING ABOUT THIS KIND OF TRANSITION PERIOD. YOU CAN SEE THE BIG TROUGH KIND OF MOVING THROUGH THE MIDDLE OF THE COUNTRY AND IT'S VERY COLD BY EARLY NEXT WEEK ACROSS  CANADA. BUT AS ZONAL FLOW ACROSS THE LOWER 48 WHICH SHOULD WARM IT UP AT LEAST A LITTLE BIT  ESPECIALLY IF YOU LIVE IN THE SOUTHERN PORTIONS. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S  TAKE A LOOK AT SOME LOCAL FORECASTS. WELL AHEAD TO LAS CRUCES NEW MEXICO FIRST OF ALL  COMFORTABLE LOTS OF SUNSHINE HIGH OF 67 DULUTH MINNESOTA. MOSTLY CLOUDY A BIT MILDER HIGH 44  AND DOVER DELAWARE. MIX OF SUN AND CLOUDS. HIGH TEMPERATURES THIS AFTERNOON AROUND 49  DEGREES.

TEASE
OUR DAIRY REPORT INCLUDING A LABELING WIN FOR THE INDUSTRY IN THE  LATEST SPENDING BILL. PLUS WE HEAD IN THE COUNTRY TO LOUISIANA WHERE 4-H'ERS TAKE AIM AT TOP  PRIZES....BUT THE REAL VICTORY STEMS FROM THE LESSONS ABOUT SAFETY  AND SKILL.

DAIRY REPORT
ON OUR DAIRY REPORT, THE LATEST CATTLE ON FEED FROM USDA SHOWING  CURRENT DRYNESS IS PUSHING NUMBERS INTO THE NATION'S FEEDLOTS. THE MARCH FIRST REPORT COUNTING 11.7 MILLION HEAD. THAT UP NEARLY 9 PERCENT YEAR OVER YEAR-- THE FIRST TIME THAT'S  HAPPENED SINCE 2006. PLACEMENTS WERE UP 7 PERCENT (1.82 MILLION) WHILE MARKETINGS ROSE 2  (1.68 MILLION) ONGOING DRYNESS IN THE SOUTHWEST AND PERSISTENT DROUGHT  CONDITIONS SINCE OCTOBER...ARE FORCING MORE YOUNG CATTLE INTO  FEEDYARDS EARLY. MEANWHILE THE NEWLY MINTED OMNIBUS SPENDING BILL WITH SEVERAL KEY  INITIATIVES FOR CATTLE OWNERS. ACCORDING TO NCBA, EMISSIONS REPORTING IS WAIVED FOR LIVESTOCK  PRODUCERS. THE PROVISION EXEMPTS ROUGHLY 200-THOUSAND LIVESTOCK FARMS FROM  HAVING TO REPORT GAS EMISSIONS -- A RULE THEY SAY WAS MEANT FOR TOXIC  SUPERFUND SITES. THE OMINIBUS BILL ALSO GRANTS LIVESTOCK HAULERS AN EXEMPTION FROM  ELECTRONIC LOGGING DEVICES UNTIL SEPTEMBER 30TH.  THE DELAY IS MEANT TO GIVE THE FEDERAL MOTOR CARRIER SAFETY  ADMINISTRATION MORE TIME TO EDUCATE OUR LIVESTOCK HAULERS ABOUT  ELD'S WHILE THE INDUSTRY LOOKS FOR SOLUTIONS TO THE CURRENT HOURS OF  SERVICE RULES. THOSE RULES HAVE BEEN AN ISSUE FOR TRUCKERS DRIVING LIVESTOCK CROSS  COUNTRY.  THE OMNIBUS SPENDING BILL ALSO INCLUDING LANGUAGE REGARDING MILK  LABELING.  THE BILL DIRECTS THE FDA TO TAKE ACTION AGAINST MISLABELED IMITATION  DAIRY FOODS. THE NATIONAL MILK PRODUCERS FEDERATION SAYS IT SHOULD RESTRICT THE  ABILITY OF BEVERAGES MADE FROM PLANT FOODS FROM USING THE TERM  "MILK",  "CHEESE" OR "YOGURT". 

TEASE
UP NEXT - SEE HOW 4-H'ERS TAKE AIM AT IMPORTANT LESSONS - LIKE SAFETY,  SKILL AND PERSERVERANCE. 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. SHOOTING SPORTS IS ONE OF THE MOST POPULAR PROGRAMS IN LOUISIANA 4-H.  WITH A SPOT AT THE STATE COMPETITION ON THE LINE, MORE THAN 900 YOUTH  PARTICIPATED IN THE STATE'S SOUTH REGIONAL COMPETITION. LSU AGCENTER'S CRAIG GAUTREAUX HAS THE STORY.  TARGETS WERE TOSSED, SHOTGUNS WERE SHOT AND BB GUNS SLUNG STEEL — ALL PART OF THE 4-H  SHOOTING SPORTS SOUTH REGIONAL COMPETITION. SHOOTING SPORTS IS ONE OF THE NEWER PROGRAMS  OFFERED THROUGH 4-H, AND ITS POPULARITY IS HELPING TO DRAW OLDER STUDENTS BACK TO THE YOUTH  ORGANIZATION. CHARLES HEBERT: IT'S DRAWING A LOT MORE BOYS, ESPECIALLY HIGH SCHOOL BOYS, BACK TO OUR HIGH  SCHOOL PROGRAM THAT MAYBE DIDN'T THINK 4-H WAS FOR THEM BECAUSE WE STILL HAVE THAT OLD  MENTAL MODEL THAT 4-H IS ONLY FOR SOMEONE SHOWING LIVESTOCK OR COOKING. BUT GIRLS DO COMPETE TOO, AND THEY HAVE BEEN QUITE SUCCESSFUL. JEFF DEBETAZ: ACTUALLY OUR GIRLS ARE VERY COMPETITIVE. THEY ARE PROBABLY MORE DETAIL-ORIENTED  THAN SOME OF OUR BOYS. IT'S GOOD, AND IT GIVES THEM CONFIDENCE IN HANDLING FIREARMS  APPROPRIATELY AS WELL. BB GUN DIVISION IS ONE OF THE LARGEST DIVISIONS BECAUSE MANY STUDENT'S FIRST EXPOSURE TO  SHOOTING IS THROUGH A BB GUN. MOST COMPETITORS MOVE ON TO SHOTGUNS, RIFLES OR  MUZZLELOADERS. CADEN LABAT: AFTER BB YOU JUST BRANCH OUT TO ALL THE DIFFERENT CATEGORIES YOU WOULD LIKE TO  SHOOT. SO, BASICALLY BB IS THE FOUNDATION OF WHAT YOU ARE GOING TO SHOOT. SHOOTING SPORTS IS A FAMILY TRADITION FOR MANY PARTICIPANTS. PARENTS SEE IT AS AN OPPORTUNITY  TO TEACH GUN SAFETY, BUT IT CAN ALSO SERVE AS A LESSON FOR THEIR CHILDREN IN PERSEVERANCE. BRANDON WRIGHT: OF COURSE, SAFETY, BUT JUST THE DISCIPLINE. YOU'RE NOT ALWAYS BREAKING THAT  FIRST TARGET. YOU'RE NOT GOING TO HIT BOTH PAIR, BUT KEEP TRYING. THE PROGRAM RELIES HEAVILY ON VOLUNTEERS TO HELP RUN THE COMPETITION. AND THE VOLUNTEERS  AND PARENTS FEEL IT IS TIME WELL SPENT. CARRIE ARNAUD: OH, IT'S DEFINITELY WORTH MY TIME. TO SEE HOW WELL THEY'RE SHOOTING AND THEM  BEING EXCITED ABOUT THEMSELVES AND THEIR CONFIDENCE LEVEL HAS INCREASED GREATLY OVER THE  LAST SEVERAL MONTHS. IT'S DEFINITELY WORTH OUR TIME. WITH THE LSU AGCENTER, THIS IS CRAIG GAUTREAUX REPORTING.  THE STATE COMPETITION IS NEXT MONTH. THE 4-H SPORTING SHOOT NATIONALS  WILL BE HELD IN GRAND ISLAND, NEBRASKA IN JUNE.

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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