AgDay Daily Recap - March 28, 2017

March 28, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
MARCH 28, 2017

HEADLINES
THE BRAZILIAN MEAT SCANDAL CONTINUES,  WHILE PERU FIGHTS DRENCHING RAINS. WE MEET A KANSAS COUPLE WHO SHARES THEIR EXPERIENCE DURING THE  WILDFIRE...AND SEE WHAT HAPPENED AFTER-THE-FIRE....THAT MAY PUT A SMILE  ON YOUR FACE. IN AGRIBUSINESS...A PREVIEW OF THE HOGS AND PIGS REPORT.  AND FIND OUT WHY THESE BEAUTIFUL BLOSSOMS NEARLY DIDN'T HAPPEN MORE  THAN A CENTURY AGO. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

BRAZIL MEAT SCANDAL
GOOD MORNING I'M CLINTON GRIFFITHS. BRAZIL'S EMBATTLED MEAT INDUSTRY  RECEIVED ENCOURAGING NEWS AS SOME OF ITS KEY EXPORT MARKETS EASES  RESTRICTIONS STEMMING FROM ALLEGATIONS OF BRIBERY OF MEAT  INSPECTORS. CHINA, CHILE AND EGYPT ANNOUNCING THEY ARE RE-OPENING THEIR IMPORT  GATES TO BRAZILIAN MEAT. CHINA NEVER FULL CLOSED THE MARKET BUT ASKED  FOR ASSURANCES THAT PREVENTATIVE MEASURES WERE IN PLACE TO ASSURE  SAFETY OF THE BRAZILIAN MEAT. A LONG LIST OF MAJOR MEAT IMPORTERS ISSUED BANS AFTER BRAZILIAN  FEDERAL POLICE UNVEILED THEIR INVESTIGATION INTO ALLEGED BRIBES TO  GOVERNMENT HEALTH OFFICIALS.  TWO MAJOR MEAT PROCESSORS WERE  ACCUSED OF FOREGOING INSPECTIONS AND ALLOWING OUTDATED MEAT TO GET  SHIPPED.. 21 OF THE COUNTRY'S 14-HUNDRED MEATPACKING PLANTS ARE TEMPORARILY  SHUT-DOWN DURING THE INVESTIGATION. THE U-S MEAT SECTOR MAY BENEFIT OVER THE LONG-TERM. "TO PUT THINGS IN PERSPECTIVE BRAZIL IN 2016 ACCOUNTED FOR ABOUT 20% OF  WORLD BEEF EXPORTS THE U.S. ACCOUNTED FOR ABOUT 12% OF WORLD BEEF  EXPORTS SO IT REMAINS TO BE SEEN HOW MUCH IMPACT THIS MIGHT HAVE ON  U.S. BEEF EXPORTS BUT IT DOES HELP POSITION THE U.S. AS A RELIABLE  SUPPLIER OF BEEF AND PERHAPS BRAZIL IS A LITTLE LESS RELIABLE SO IT COULD  HAVE SOME POSITIVE IMPACTS LONGER TERM."

CATTLE FRUSTRATIONS IN PERU
MEANWHILE CATTLE RANCHERS IN NEIGHBORING PERU HAVE EXPRESSED  FRUSTRATION OVER WHAT THEY CLAIM IS A LACK OF AID AND SUPPORT FROM  THE GOVERNMENT FOR THEIR PLIGHT, FOLLOWING RECENT HEAVY RAINS AND  FLOODS. THE MILK PRODUCERS' ASSOCIATION SAID THE STORMS HAVE AFFECTED 37  PERCENT OF DAIRY PRODUCERS IN PERU, INCLUDING CATTLE RANCHERS. IN ONE OF PERU'S MAJOR CATTLE RANCHING SECTORS, CATTLE COULD BE SEEN  STANDING IN MUCKY WATERS AND THICK MUD. THE FLOODS FROM THE EL NINO RAINS DESTROYED AN ESTIMATED 145- THOUSAND HOMES AND FIVE PERCENT OF NATIONAL ROADS. OFFICIALS HAVE SAID THIS YEAR'S FLOODING IS PERU THE WORST IN TWO  DECADES.

WILDFIRE DAMAGE ESTIMATES
ECONOMISTS ARE STARTING TO PUT SOME ESTIMATES BEHIND THE WILDFIRES  THAT SCORCHED PARTS OF THE SOUTHERN AND CENTRAL PLAINS THREE WEEKS  AGO. IN OKLAHOMA - ABOUT 350-THOUSAND ACRES BURNED ALONG WITH LIVESTOCK,  PASTURE, FENCING AND OUTBUILDINGS. OKLAHOMA STATE LIVESTOCK MARKETING SPECIALIST DERRELL PEEL PUTS  PRELIMINARY ESTIMATES AT ABOUT 16-MILLION DOLLARS. PEEL SAYS THESE ESTIMATES ARE BASED ON EARLY ESTIMATES OF THREE- THOUSAND HEAD OF CATTLE LOST AND MORE THAN 11-HUNDRED MILES OF  FENCE. BUT IT DOES NOT INCLUDE EQUIPMENT LOSSES.. TEXAS AGRI-LIFE EXTENSION PUT PRELIMINARY LOSSES AT 21-MILLION DOLLARS. THE DEVASTATING WILDFIRE IN SOUTHWESTERN KANSAS CAUSED  UNPRECEDENTED DESTRUCTION.  STORIES SEEM TO COME OUT DAILY ABOUT SELFLESS ACTS OF PEOPLE TO SAVE  LIVES, LIVESTOCK, AND PROPERTY. STEVE AND KELLY HAZEN OF CLARK COUNTY NARROWLY ESCAPED THE BLAZE. A  FEW DAYS AFTER THE FIRE, THE HAZENS STARTED TO RECEIVE LETTERS FROM  SCHOOL CHILDREN....GIVING WORDS OF ENCOURAGEMENT TO THE HAZENS AND  OTHERS WHO LOST SO MUCH. PHOTOJOURNALIST DAN DONNERT FROM KANSAS STATE UNIVERSITY DOCUMENTS THEIR PATH - FROM THE ASHES. "I WAS BREAKING THE FIRE I WAS SETTING THE FIRE DOWN I GET TO THAT DRAW  ANYWAY I GOT OUT HERE ON THE ROAD AND THE DAG GUM MY LIGHTS WERE  GETTING DIM AND I LOOKED AND I WAS SQUINTING WHAT IN THE HECK AND I  LOOK BEHIND MY SHOULDER AND THE FLAMES ARE SHOOTING UP THE BACK OF  THAT CAB SO I PULLED INTO THE DITCH AND JUMPED OUT THE REST IS HISTORY I  GUESS IT'S JUST MELTED THAT TRACTOR WE WENT TO THE FEED STORE THIS  GUY THE FEED STORE THE THERE'S A FALLING SIGN AND THE SONS COMES OUT  AND HANDS US TWO ENVELOPS THE LETTER WERE SENT OUT WITH A TRUCK  LOAD OF STEEL POSTS THAT WERE DELIVERED TO THE FEED STORE AND ANY  FARMER OR RANCHER THAT NEEDS THEM CAN GO IN AND PICK THEM UP AND YOU  GET A LETTER FROM THIS STUDENTS FROM THAT CLASS SO IT'S PRETTY  TOUCHING AND ONE LETTER THAT THE CHILD WAS GOING TO SEND US 10  DOLLARS SHE HAD 10 DOLLARS THAT SHE IS GOING TO SEND 10 DOLLARS TO  HELP WITH EXPENSES THIS ONE LETTER SAYS WE WANT TO CHEER YOU UP HELP  TO CHEER YOU UP FOR YOUR LOSS AND YOUR FIRE I GOT A JOKE TO TELL YOU  WHAT DO YOU CALL A CALVE THAT GOES TO CHURCH AND THEN SHE PUT A HOLY  COW AND YOU KNOW WE CHOKED ME UP THE IDEA THAT THEY'RE THINKING  ABOUT YOU AND THAT THEY CARE THAT WAS JUST SO CUTE VERY HUMBLING ." THESE INCREDIBLE STORIES CONTINUE TO ROLL IN FROM THIS MONTH'S WILDFIRES. A LOT OF YOU HAVE CONTACTED US AND ASKED HOW YOU CAN HELP. WITH SO MANY GROUPS AND LOCATIONS INVOLVED WE'RE SUGGESTING GOING  ONLINE TO AGWEB DOT COM FORWARD SLASH WILDFIRES.  THERE YOU'LL FIND A LIST OF PEOPLE AND PLACES COORDINATING THE RELIEF.

CROP COMMENTS
WARMER WEATHER MEANS SOME SPRING TIME ACTIVITIES TAKING PLACE AT FARMS AROUND THE COUNTRY. MIKE HOFFMAN HAS DETAILS AND TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. WINTER WHEAT IS STARTING TO GREEN UP IN SOUTHEAST SOUTH DAKOTA.  FIELDS ARE LOOKING PRETTY TYPICAL FOR THIS TIME OF YEAR.  AND FROM THE PRATT FAMILY OF CHESAPEAKE, OHIO WE RECEIVED THIS PHOTO.   THE PRATTS TELL US THIS IS THEIR 98TH YEAR OF MILKING COWS ON THE FARM  DOWN ON THE SOUTHERN TIP OF OHIO.  IT'S NOW THE FOURTH GENERATION OF  DAIRY PRODUCERS. THESE SILOS WERE BUILT IN THE 1950'S BUT THEY HAVE NOT BEEN USED IN  ABOUT 40 YEARS.  MODERN FARMING CAN DO THAT SOMETIMES. <AD LIB>  AND  NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
HERE'S THE SECRET TO SELLING OLD EQUIPMENT. PETE'S PICK OF THE WEEK  LETS YOU EASILY VIEW CURRENT MARKET PRICES. JUST TEXT PETE TO 31313 TO  GET STARTED!  STILL TO COME WE'LL PREVIEW THIS WEEK'S HOGS AND PIGS REPORT. PLUS, WE VISIT ONE OF THE MOST PICTURESQUE PLACES IN WASHINGTON D- C....AND FIND OUT WHY IT ALMOST DIDN'T HAPPEN. DETAILS AS WE HEAD IN THE COUNTRY. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

DOW-DUPONT MERGER
ON THE MEGA MERGER FRONT, DOW CHEMICAL AND DUPONT JUST WON  EUROPEAN UNION APPROVAL FOR IT'S $77 BILLION MERGER. THE TAKEOVER, ANNOUNCED A YEAR AGO, IS THE FIRST TO WIN EU APPROVAL  OUT OF A TRIO OF MEGA-DEALS THAT STANDS TO RESHAPE THE GLOBAL AG  INDUSTRY.  DOW AND DUPONT WERE ABLE TO OVERCOME REGULATORS' CONCERNS WITH  HEFTY CONCESSIONS, INCLUDING THE SALE OF LARGE PARTS OF DUPONT'S  GLOBAL PESTICIDE BUSINESS. MONDAY WAS A TOUGH ONE FOR MAJOR MARKETS. 

FLOOR OF THE CME
LETS SEE HOW COMMODITIES FAIRED FROM THE FLOOR OF THE CME IN  CHICAGO.HI GRAINS GENERALLY TRADING LOWER THROUGHOUT THE DAY MONDAY REALLY  IN THE LOW VOLUME TRADE EVEN STRONG EXPORT INSPECTIONS ESPECIALLY  OVER IN THE CORN AT 1.5 MILLION TONS REALLY COULDN'T HELP THE MARKET  OUT THE WHEAT AND THE SOYBEAN EXPORT INSPECTIONS NOT REALLY ALL THAT  SPECIAL BUT IT SEEMS LIKE TWO THINGS ARE REALLY GOING ON WITH THE  MARKET AND THAT IS THE WEATHER AND ESPECIALLY THE WEATHER IN SOUTH AMERICA OR IN THE CASE OF WHEAT IN THE GREAT PLAINS AND THEN IDEAS  MOST PEOPLE SEEMING TO KIND OF STEP THE SIDELINES BEFORE THE REPORTS  THAT ARE COMING OUT LATER THIS WEEK THE LIVESTOCK MARKETS LOWER ON  MONDAY REALLY EXPRESSING DISAPPOINTMENT IN WHAT HAPPENED IN THE  CASH MARKET LATE LAST WEEK THAT'S ESPECIALLY TRUE IN THE CATTLE  MARKET WHERE CATTLE PRICES PAID IN ESPECIALLY THE VOLUME OF BUSINESS  TRANSACTED THURSDAY AND ESPECIALLY FRIDAY REALLY NOT WHAT THE TRADE  HAD EXPECTED TRADE FELL VERY DISAPPOINTED IN THE LACK OF VOLUME  TRADED ESPECIALLY FEELING THAT THIS MIGHT BE AN INDICATION THAT THE  CATTLE MARKET IS CLOSE TO A SEASONAL TOP THANKS VERY MUCH THIS IS JACK  SCOVILLE I'M VICE PRESIDENT OF VICE FUTURES GROUP HERE ON THE CME  FLOOR WITH SOME COMMENTS FOR THE MARKETS 

AGRIBUSINESS
DON ROSSE. U S COMMODITIES OUR GUEST HERE AT THE AGRIBUSINESS DESK. TODAY DON THIS WEEK  WE EXPECT ANOTHER HOGS AND PIGS REPORT WHAT DO YOU THINK WE'LL HEAR FROM THAT WELL IT 'S VERY  IMPORTANT REPORT REALLY GET FOR REPORTING A YEAR QUARTERLY REPORT SO YOU KNOW THE MARKET HAS  BEEN ANTICIPATING A NEGATIVE REPORT WE'VE DIALED IN 'S AND JUST MELT INTO THE MARKET THAT 'S A  POSITIVE THING ON THE HARD PART YOU'RE PROBABLY GONNA HAVE TO HAVE SOME KIND OF A NEGATIVE  REPORT. IF WE GO IN WITH A NEGATIVE REPORT TO GENERAL REAL THE PRESS TO THE DOWNSIDE YET WHEN  HE 'S A NEGATIVE REPORT EXPLAINED THAT FOR US WELL YOU KNOW WHEN YOU LOOK AT THE REPORT WHEN  YOU LOOK AT NUMBERS THAT ARE BIGGER THAN WHAT OUR FORECAST OUT HERE AND IMAGINE WHAT  CLINTON WHEN WE LOOK AT IT YOU'RE GONNA SEE A NUMBER SO WE HAVEN'T PUT OURS OUT HERE YET.  BUT WE THINK OR THEY'RE GONNA SHOW A MILD HTTP://EXPANSION.WE'RE GOING TO SHOW BIGGER  NUMBERS OUT IN THE FUTURE OF THE PART OF THE ISSUES. WE'VE GOT FOUR NEW PACKING PLANTS  COMING ON BOARD IN TWO THOUSAND SEVENTEEN WE'RE TRYING TO PREPARE FOR THOSE SO I DON'T THINK  IT 'S A CON A CONTRACTION IN THE FACE AREA AND IS STILL A MILD EXPANSION. WE'RE GONNA HAVE FIVE.  TWO US WERE IN A SIX PERCENT MORE ON PRODUCTION IN THE SECOND QUARTER GONNA HAVE FIVE  PERCENT OR PRODUCTION IN THE THIRD FOURTH QUARTER SO YOU KNOW THE FOURTH QUARTER HAS SOME  RISK TO THE DOWNSIDE PROBABLY TEN DOLLARS A HUNDRED WEIGHT YOU KNOW THE SAME THING WE  COULD GET SOME RALLIES BACK. THESE FUNDS COME IN VERY FAST IN AN OUT AND IF WE GET A RALLY  BACK CLOSE TO THAT EIGHTY DOLLARS IN THE JUNE OR JULY THOSE WERE CERTAINLY CATCH UP ON SELLING  OPPORTUNITIES RISK MANAGEMENT OPPORTUNITIES IN A SUPPLY BEAR MARKET NOW YOU TALK ABOUT  EXPANSION I GUESS THE QUESTION IS WHY WE'RE EXPANDING OUR PRODUCTION BASE HERE. WE HAVE  TO PUT THIS PRODUCT SOMEWHERE. IS THERE DEMAND OUT THERE TO MEET THIS. I HEARD CHINA MAY BE  SHRINKING THEIR HURT A LITTLE BIT CAN MORE PRODUCT GO THERE WELL IT 'S THAT AND THEN WE ALSO HAVE  A TWO PERCENT MORE POULTRY THIS NEXT YEAR 'S GOING TO BE PRODUCED SELF YOU KNOW REALLY THESE  NEW PLANTS FOR COMING ON BOARD ARE REALLY ACTUALLY BANKING ON THAT EXPORT GROWTH HERE A LITTLE  BIT IN OUR EXPORT GROWTH HAVE REALLY BEEN AROUND TWENTY PERCENT OF PRODUCTION AND POPPED  UP TO A HIGH CLOSE TO TWENTY FIVE PERCENT SO WE NEED TO PUSH BACK UP INTO THAT LEVEL TO  ABSORB SOME OF THIS EXCESS OF PORK. SO YOU KNOW IT 'S ONE OF THESE OPPORTUNITIES ALL THE TIME.  YOU JUST HAVE TO NATURE AND TAKE ADVANTED OF THEM. ALL RIGHT WELL IT 'S AN INTERESTING MARKET. TO  WATCH WE APPRECIATE YOU BEING HERE WE'LL BE BACK WITH MORE AGDAY IN JUST A FEW MINUTES  INSTINCT AND N-SERVE NITROGEN STABILIZERS DON'T JUST STABILIZE NITROGEN, THEY MAXIMIZE IT - SO  CORN CROPS GIE THE MAX IN RETURN.  LEARN MORE AT MAXINMAXOUT.COM.

WEATHER
WELCOME BACK TO AG DAY METEOROLOGIST MIKE HOFFMAN. MIKE LOOKS LIKE  THAT AREA IN THE SOUTHERN PLAINS THAT'S BEEN SO DRY MAY GET SOME RAIN? IT DOES LOOK LIKE IT. I'M A LITTLE MORE CONCERNED FARTHER NORTH INTO THE  MISSOURI VALLEY. THIS SYSTEM IS OGING TO BE DIVING SOUTHEASTWARD. WE  ALSO HAVE THIS EASTERN SYSTEM THAT'S GOING TO CONTINUE TO MOVE  EASTWARD. PUTTING DOWN A LOT OF RAIN IN SOME CASES SNOW IN NEW  ENGLAND AND DOWN INTO THE MID ATLANTIC REGION. LET'S PUT THE MAP INTO  MOTION. YOU CAN SEE THE SYSTEM PUSHING THE RAIN ACROSS PENNSYLVANIA NEW YORK INTO NEW ENGLAND. SNOW IN THE FAR NORTHERN PORTIONS OF  NEW ENGLAND. THAT'S ABOUT THE ONLY PLACE. THIS IS GOING TO PUT DOWN A  LOT OF SNOW IN THE EASTERN ROCKIES BUT ITS ALSO GOING TO START TO  BREAK OUT WITH DECENT RAINS. SHOWERS AND THUNDERSTORMS ACROSS  PARTS OF TEXAS, MAINLY SOUTH OF THAT WARM FRONT. THERE'S A POSSIBLITY FOR SOME SEVERE WEATHER OVER THE NEXT COUPLE OF DAYS. AS WE HEAD  THROUGH TONIGHT INTO TOMORROW MORNING, WIDESPREAD RAIN ACROSS  NEBRASKA INTO KANSAS. PARTS OF MISSOURI THE FARTHER NORTH YOU GO THE  LESS THIS SYSTEM PROBABLY GOING TO BRING BECAUSE IT'S DIVING  SOUTHEASTWARD. WE HAVE YET ANOTHER COUPLE OF SYSTEMS OUT IN  WESTERN CANADA, NORTHWESTERN PORTIONS OF THE UNITED STATES.  HEADING THROUGH THE DAY TOMORROW YOU CAN SEE SOME BIG THUNDERSTORMS IN EASTERN TEXAS, PARTS OF EASTERN OKLAHOMA INTO  ARKANSAS AND LOUISIANA. SOME SEVERE WEATHER POSSIBLE BUT THE MORE  GENERAL RAIN FALL IS GOING TO FALL TO THE NORTH AND NORTHWEST OF THAT  AREA OF LOW PRESSURE. TAKING A LOOK AT THE PRECIPITATION OVER THE LAST  24 HOURS, WE'VE SEEN SOME HALF INCH TO ONE INCH AMOUNTS IN PARTS OF  THE OHIO AND TENNESSEE RIVER VALLEYS. ADDING IN THE NEXT 36 HOURS YOU  CAN SEE THAT SYSTEM ISN'T QUITE AS WET AS IT MOVES FARTHER EAST. BUT  THIS SYSTEM COMING ACROSS THE PLAINS STATES, IT'S LOOKING LIKE SOME ARE  GOING TO GET A COUPLE THREE INCHES OF RAIN AND ANYBODY THAT GETS A  REALLY STRONG THUNDERSTORM SOUTH OF THAT WARM FRONT CAN GET MORE  THAN THAT. WE'LL SEE HOW WIDESPREAD IT IS BUT IT LOOKS LIKE A DECENT  SYSTEM FOR SOME OF THOSE REALLY DRY AREAS OF THE SOUTH CENTRAL  PLAINS. SNOWFALL PAST 24 HOURS ALREADY SEEING A HALF FOOT AND WE'RE  GOING TO ADD ON ANOTHER HALF FOOT TO A FOOT. MAYBE TWO FEET OF SNOW  IN THE HIGHEST ELEVATIONS. TAKING A LOOK AT THE TEMPERATURES YOU CAN  SEE 70S AND 80S FROM THE TENNESSEE RIVER VALLEY SOUTHWARDS INTO THE  GULF COAST AREA MOST OF TEXAS. LOT CHILLER TO THE NORTH OF THAT  ALTHOUGH 40S AN D50S NOT TOO BAD FOR THIS TIME OF YEAR. LOWS IN THE 20S ONLY IN NOTHERN PORTIONS OF THE GREAT LAKES OTHERWISE FAIRLY MILD 40S AND 50S INTO THE OHIO VALLEY 60S AN 70S FATHER SOUTH AND ONCE AGAIN 80S SOUTH OF THAT WARM FRONT ESPECIALLY ALONG THE GULF COAST. COOL  FARTHER NORTH. THE JET STREAM SHOWS THE ARCTIC AIR TRAPPED TO THE  NORTH BUT WE HAVE THESE SLOW MOVING LOW PRESSURE SYSTEMS IN THE  UPPER ATMOSPHERE AND AT THE SURFACE AND THAT'S GOING TO PRODUCE  MORE RAIN. THAT NEXT ONE COMING IN OVER THE WEEKEND AND EARLY INTO  NEXT WEEK FOR THE SOUTHERN PLAINS. LIKE WE'VE BEEN TALKING ABOUT.  LOOKS LIKE DECENT RAINFALLS FOR THOSE DRY AREAS. THAT'S A LOOK ACROSS  THE COUNTRY NOW HERE'S LOCAL TEMPERATURES. ALAMAGORDO NEW MEXICO PARTLY SUNNY SHOWER IN SOME SPOTS LATE TODAY HIGH OF 67. WASSAU WISCONSIN PARTLY TO MOSTLY SUNNY HIGH OF A MILD 55. STATESBORO GEORGIA A MIX OF SUN AND CLOUDS, A SPOTTY STORM HIGH OF 84.

TEASE
OUR WEEKLY DAIRY REPORT IS NEXT AND WE'LL LOOK HOW THE BRAZILIAN MEAT  SCANDAL COULD IMPACT THAT INDUSTRY. YOU MAY BE FAMILIAR WITH THE CHERRY  BLOSSOM FESTIVAL IN WASHINGTON D- C.  BUT DID YOU KNOW WHY THIS TRANQUIL SCENE ALMOST DIDN'T HAPPEN? FIND OUT WHY, LATER ON AGDAY.

DAIRY REPORT
ON THE DAIRY REPORT, WITH ALL THE ATTENTION AROUND THE BRAZILIAN MEAT  SCANDAL, MATT TRANEL TELLING MIKE ADAMS ON DAIRYLINE THAT ULTIMATELY IT  COULD MEAN BETTER CULL COW PRICES. OVER THE LAST COUPLE OF WEEKS, FAT CATTLE PRICES HAVE RISEN ROUGHLY 7 DOLLARS PER HUNDRED. TRANEL SAYS WITH MILK PRICES EASING--THE CULL COW MARKET COULD SPELL  OPPORTUNITY FOR DAIRY FARMERS...WHILE STILL MAINTAINING PRODUCTION. MEANWHILE, A MEGA CHINESE DAIRY COMPANY SAW IT'S STOCK PRICES FALL  BETWEEN 85 AND 90 PERCENT FRIDAY. THE CRASH THREATENED TO TAKE DOWN BANKS AND OTHER BUSINESSES  ASSOCIATED WITH IT. THE HONG KONG EXCHANGE LOST A RECORD 4 POINT 1 BILLION DOLLARS AS  NEARLY 800-MILLION SHARES CHANGED HANDS IN JUST FOUR HOURS.  A WATCHDOG GROUP RECENTLY RELEASED A REPORT CLAIMING FRAUD AND  FAKE PROFITS AT THE COMPANY --WHICH THE COMPANY DENIES. THE DAIRY FARMERS OF AMERICA SAYS IT'S BALANCE SHEET IS STRONG.AT ITS ANNUAL MEETING, THE DFA COOPERATIVE SAYS NET INCOME ROSE  NEARLY 40 MILLION DOLLARS DESPITE LOWER SALES. THE AVERAGE PRICE PAID TO MEMBERS WAS 16-22 PER HUNDRED IN 2016--ABOUT  A DOLLAR LOWER THAN 2015. LEADERSHIP SAYS LAST YEAR WAS A CHALLENGE BUT THE COOPERATIVE PLANS  TO CONTINUE EXPANDING INCLUDING A NEW CHEESE PLANTS IN MICHIGAN AND  NEW YORK, AND A DAIRY INGREDIENTS FACILITY IN GARDEN CITY KANSAS. AND THE LATEST DAIRY COW SLAUGHTER NUMBERS ARE IN FROM USDA. IN FEBRUARY SOME 253-THOUSAND DAIRY COWS WERE PROCESSED--WHICH IS A  LITTLE SLOWER THAN JANUARY OF THIS YEAR. YEAR TO DATE MORE THAN A HALF MILLION COWS HAVE GONE TO THE RAIL.   THAT'S ABOUT EVEN WITH 2016.

TEASE
UP NEXT, BLOSSOMING BEAUTIES IN WASHINGTON DC. FIND OUT WHY IT ALMOST  DIDN'T HAPPEN.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  DISCOVER THE POWER BEHIND THE M6 SERIES AT  KUBOTA.COM. THE FAMED CHERRY BLOSSOMS AROUND THE TIDAL BASIN IN WASHINGTON D-C  REACHED PEAK BLOOM OVER THE WEEKEND. APPARENTLY THE BLOOM IS A BIT MORE SUBDUED BECAUSE OF A COLD SNAP  HURT SOME BUDS. THE ORIGINAL CHERRY TREES WERE A GIFT FROM JAPAN IN 1912. BUT DID YOU  KNOW THOSE TREES WERE NEVER PLANTED. IN THIS REPORT PROVIDED BY USDA, PAT O'LEARY EXPLAINS WHY. IT'S WELL KNOWN THAT THE CHERRY TREES AROUND THE TIDAL BASIN IN  WASHINGTON, D.C. WERE A GIFT FROM JAPAN. LESS WELL KNOWN IS THAT THESE  TREES ARE NOT PART OF THAT ORIGINAL GIFT. THERE WERE PROBLEMS WITH  THAT SHIPMENT. BOB GRIFFIN, USDA ANIMAL & PLANT HEALTH INSPECTION SERVICE: THE TREES  ARRIVED IN WASHINGTON IN JANUARY OF 1910. THEY WERE INSPECTED BY USDA  INSPECTORS, WHO FOUND A NUMBER OF SERIOUS PESTS. SO THEY WERE  BURNED ON THE MALL HERE IN WASHINGTON, AND OF COURSE THAT CREATED  QUITE A POLITICAL DEBACLE. TWO YEARS LATER, THESE PEST-FREE TREES  ARRIVED, BUT THE EARLIER DEBACLE HAD A SILVER LINING. GRIFFIN: THAT LED  TO THE PLANT QUARANTINE ACT, WHICH BECAME THE BASIS FOR THE  QUARANTINE SYSTEM WE HAVE TODAY. SO THE FIRST GIFT OF CHERRY TREES  FROM JAPAN USHERED IN A NEW ERA OF PLANT HEALTH IN THE UNITED STATES.  USDA PARTNERS WITH OTHER AGENCIES TO SAFEGUARD AGAINST THE  INTRODUCTION OF INVASIVE SPECIES, WHICH CAUSE $120 BILLION A YEAR IN  DAMAGE TO FARMS, FORESTS, CITIES AND SUBURBS. BUT THEY CAN'T DO IT  ALONE. THAT'S AN IMPORTANT MESSAGE FOR VISITORS TO THE ANNUAL CHERRY  BLOSSOM FESTIVAL. JOHN KIRKPATRICK, U.S. NATIONAL PARK SERVICE: WE GET A  MILLION TO A MILLION AND A HALF PEOPLE HERE. IT'S OUR JOB TO EDUCATE AND  TO INFORM AND HELP PEOPLE UNDERSTAND THE IMPORTANCE TO THEM. THIS IS  A WONDERFUL DISPLAY. THE IDEA IS YOU PUT YOUR FACE IN THE HOLE, BUT  WHEN YOU DO AND YOU GET THAT PHOTOGRAPH WITH YOUR FACE, YOU ALSO  SEE THE IMAGE OF THE PEST THAT WE NEED OUR FELLOW CITIZENS TO ALL HELP  LOOK OUT FOR – THE KIND OF THING THAT COULD REALLY DO DAMAGE TO OUR  NATIONAL FORESTS, TO OUR FORESTRY INDUSTRY, FARMS, ETC. IF YOU MISS THE  DISPLAY, YOU CAN LEARN MORE AT HUNGRY PESTS DOT COM. IN THE NATION'S  CAPITAL, FOR THE U.S. DEPARTMENT OF AGRICULTURE, I'M PAT O'LEARY.

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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