AgDay Daily Recap -May 15, 2017

May 16, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
MAY 15, 2017


HEADLINES
A TARGET DATE IS SET FOR U.S. BEEF TO FINALLY BE SHIPPED TO CHINA. A CHECK ON THE FARM ECONOMY...AND LAND VALUES. IN AGRIBUSINESS..WATCHING FOR THE WEEK AHEAD. MACHINERY PETE SAYS CONDITION MATTERS AT AUCTION. AND THE WILD SIDE OF FERRAL HOGS IN TEXAS. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

CHINESE BEEF EXPORTS
GOOD MORNING I'M CLINTON GRIFFITHS. WASHINGTON PREPARING FOR ANOTHER BUSY WEEK FOLLOWING A FLURRY OF  ACTIVITY FRIDAY. FROM TRADE TO THE ECONOMY TO MULTIPLE PRICE RALLY'S -- THE AG INDUSTRY  WITH PLENTY OF MOMENTUM. ON THE TRADE FRONT,  THE COMMERCE DEPARTMENT SETTING A DATE TO  REOPEN THE CHINESE MARKET TO U.S. BEEF. AFTER NEARLY 14 YEARS, JULY 16TH IS NOW SET AS THE TARGET DATE-- ALTHOUGH IT COULD COME SOONER. BOTH COUNTRIES FINALLY COMING TO AN AGREEMENT...NOW WITH JUST A FEW  TECHNICAL AND PAPERWORK ISSUES TO IRON OUT. THE EXPORT MARKET NOW BELIEVED TO BE WORTH $2.6 BILLION..DOLLARS. BUT ANALYSTS SAY THE VALUE OF THESE POTENTIAL EXPORTS IS STILL UNKOWN.  <FOR THE CHINA DEAL TO BE SIGNIFICANT, I THINK WE'RE GOING TO HAVE TO SEE A SHIPMENT  ACTUALLY SHOW UP AND THEN THE NEXT QUESTION FROM THAT POINT FORWARD WILL BE, HAS CHINA GOT  ANY OF OUR BEEF TO THAT POINT ANYWAY, AND TO REALLY SE WHAT IMPACT THAT'S GOING TO BE FROM  ANE XPORT STANDPOINT, IT'S ACTUALLY GOING TOTAKE SOME TIME TO PLAY OUT> THE DEAL DOES ALLOW COOKED POULTRY BACK INTO THE U.S. FROM CHINA. THE NATIONAL CHICKEN COUNCIL SAYS THEY'RE SUPPORTIVE OF THE  AGREEMENT AND HOPE TO SEE CHINA REOPEN THEIR MARKET TO U.S. BROILERS  IN THE NEAR FUTURE.

LIGHTHIZER APPOINTED
ON THAT FRONT, LAWMAKERS CONFIRMING ROBERT LIGHTHIZER AS THE NEW  U.S. TRADE REPSENTATIVE NEARLY 4 MONTHS AFTER HIS NOMINATION.  LIGHTHIZER CONFIRMED BY AN 82 TO 14 VOTE IN THE U.S. SENATE.  HE'LL HAVE PLENTY TO DO...INCLUDING RENEGOTIATING NAFTA..WHICH AG  SECRETARY SONNY PERDUE SAYS COULD HAPPEN IN THE NEXT SIX MONTHS. AG GROUPS INCLUDING MEMBERS OF THE PRODUCE INDUSTRY ARE ALREADY  ANTICIPATING TURBULENCE.

PRODUCE ON NAFTA
THE PRODUCE SECTOR MAY HAVE A SLIGHTLY DIFFERENT OUTLOOK ON NAFTA THAN OTHER AG. ORGANIZATIONS.  THE PACKER TELLING AGDAY, MOST OF THE PRODUCE INDUSTRY DOES NOT  WANT TO LEAVE NAFTA BUT GROWERS ARE OPEN TO SOME REFORM TO REDUCE  COMPETITION, ESPECIALLY  WITH MEXICO.  THE U.S. EXPORTS ROUGHLY 4.8 BILLION DOLLARS OF FRESH FRUITS AND  VEGETABLES TO CANADA BUT LESS THAN ONE BILLION TO MEXICO. YET THE U.S. IS A BIG BUYER OF MEXICO'S PRODUCE.  <THE U.S. EXPORTS 4.8 BILLION DOLLARS OF FRESH AND PROCESSED FRUITS AND VEGETABLES TO  CANADA BUT LESS THAN ONE BILLION TO MEXICO.  3:06 MEXICO IS THE DOMINATE SOURCE OF U.S. IMPORTS OF FRUITS AND VEGETABLES. IN 2015, NEARLY  10 BILLION DOLLARS OF FRESH PRODUCE CAME TO THE U.S. FROM MEXICO. THAT ACCOUNTED FOR 68  PERCENT OF ALL U.S. FRESH VEGETABLE IMPORTS THAT YEAR AND 42 PERCENT OF FRESH FRUIT IMPORTS.   > WALZ SAYS IF THE U.S. LEAVES NAFTA,  MEXICAN TARIFFS ON APPLES, PEARS AND  CHERRIES COULD GO BACK TO PRE 1994 LEVELS OF  20 PERCENT. CANADA'S TARIFFS COULD POTENTIALLY BE AT ZERO FOR FRUIT...DUE TO PRE- NAFTA AGREEMENTS.

USDA’S NEW POSITIONS
ALSO OUT OF USDA,  INFORMA ECONOMICS WASHINGTON INSIDER, JIM  WEISMEYER SAYS THE AGENCY IS SET TO ANNOUNCE SEVERAL KEY POSITIONS: JIM TELLING AGRITALK-- THE AMERICAN SOYBEAN ASSOCIATION'S STEVE CENSKY IS LIKELY TO BE NAMED DEPUTY SECRETARY OF USDA. OTHER NAMES AND ROLES -- UNDERSECRETARY FOR THE NEW FARM  PRODUCTION AND CONSERVATION JOB: IOWA'S AGRICULTURE COMMISSIONER -- BILL NORTHEY. AND THE NEWLY CREATED UNDERSECRETARY FOR TRADE AND FOREIGN  AGRICULTURAL AFFAIRS WEISMEYER SAYS IS LIKELY TED MCKINNEY, INDIANA'S  STATE AGRICULTURE DIRECTOR. 

EPA BIOFUELS REQUIREMENTS
ALSO IN WASHINGTON, THE EPA SUBMITTING ITS PROPOSED 2018 BIOFUELS REQUIREMENTS TO THE WHITE HOUSE FOR REVIEW.  A FINAL RULE MUST COME OUT BY NOVEMBER 30.  SOURCES SIGNALING THE VOLUME REQUIREMENTS WILL LIKELY INCLUDE 15  BILLION GALLONS OF CONVENTIONAL BIOFUEL, USUALLY FILLED BY CORN-BASED  ETHANOL, BASED ON ENERGY INFORMATION ADMINISTRATION FORECASTS OF  CONTINUED INCREASES IN GASOLINE DEMAND NEXT YEAR. 

FARM INCOME RESULTS
ACCORDING TO THE TENTH FEDERAL RESERVE DISTRICT IN KANSAS CITY, THEFARM ECONOMY WEAKENED IN THE FIRST QUARTER OF 2017. FARM INCOME, LOAN REPAYMENT RATES, AND THE VALUE OF MOST TYPES OF  FARMLAND ALL TRENDING LOWER IN EACH OF THE DISTRICTS SEVEN STATES. HOWEVER IT VARIED FROM EAST TO WEST...WITH WESTERN AREAS SEEING MORE  STRESS. NONIRRIGATED CROPLAND VALUES HAVE FALLEN ONLY 3 PERCENT IN THE EAST  SINCE THE FIRST QUARTER OF 2015, BUT HAVE DROPPED 24 PERCENT IN THE  WEST. <LOOKING AT 2017, PRICES ARE STILL SUBDUED, INCOEMS AR ESTILL EXPECTED TO BE LOWER THAN THEY  HAD BEEN, FARMLAND VALUES STILL DECLINING, SO IN TERMS OF HTE FINANCIAL PICTURE, I THINK IT IS  TIGHTER THAN WHERE WE HAD BEEN. CONTINUED PRESSURE, BUT IT'S NOT AN ENVIRONMENT THAT WOUDL SUGGEST CRISIS.>IN THE ST. LOUIS DISTRICT, FARM INCOME CONTINUED TO DECLINE IN THE  MIDWEST AND MID-SOUTH DURING THE FIRST QUARTER. BUT VALUES FOR QUALITY FARMLAND AND RANCHLAND SAW ITS LARGEST  INCREASES IN THREE AND A HALF YEARS. QUALITY FARMLAND VALUES DURING THE FIRST QUARTER OF 2017 WERE 10  PERCENT HIGHER THAN THEY WERE DURING THE FIRST QUARTER OF 2016.   RANCHLAND OR PASTURELAND VALUES ROSE ABOUT 7 PERCENT AND IN THE SEVENTH FEDERAL RESERVE DISTRICT OF CHICAGO...AG LAND  VALUES WERE UNCHANGED FROM A YEAR AGO IN THE FIRST QUARTER. THE FIRST SUCH PAUSE SINCE LATE 2015. CASH RENTS HOWEVER CONTINUED TO FALL--DOWN 7 PERCENT.  ON THE FINANCE SIDE, CREDIT CONDITIONS SLID IN Q-1 WITH REPAYMENT RATES  FALLING AND DEMAND FOR NON-REAL-ESTATE LOANS ON THE RISE.

COTTON FUTURES
COTTON FUTURES WITH A BIG BOOST TO END LAST WEEK...RALLYING UP TO NEAR  3 YEAR HIGHS. NEARBY FUTURES TRADING WELL ABOVE THE 80 CENT MARK ON FRIDAY.  ANALYSTS INDICATING THE RALLY IS DRIVEN STRONGER EXPORTS SALES, AND  TIGHTENING STOCKS IN THE U.S. THIS COMES AFTER A SLEW OF USDA REPORTS SENT COTTON TUMBLING TO A  ONE MONTH LOW.  THE NATIONAL COTTON COUNCIL SAYS 2017 IS SHAPING UP TO BE A BIG YEAR. <I THINK IF WE LOOK AT HTE MARKET, WE'RE SEEING HTE BIG RUN IN OLD CORP CONTRACTS AND NOT AS  MUCH IN THE NEW CROP CONTRACTS. AND I THINK IN PART IT SHOWS THE TIGHTNESS WE'RE SEEIN GIN THE  CURRENT SUPPPLY AND DEMAND BALANCE SHEET COMPARED TO MAYBE AS THE MARKET LOOKS AHEAD  TO WHAT MAY BE THE SITUATION IN 2017> WE'LL TAKE A CLOSER LOOK AT THE COTTON COMPLEX TOMORROW ON AGDAY. 

CORN CROP EMERGENCE
THE CORN CROP IS EMERGING IN PARTS OF SOUTH-CENTRAL INDIANA. THIS IS ON A FARM IN WHITELAND, JUST 20 MILES SOUTH OF INDIANAPOLIS.  BUT THIS FARMER SAYS WHILE FIELDS ARE WET- HE HE'S IN BETTER SHAPE THAN  SOME OTHER AREAS TO THE NORTH. <"WE HAVE SOME EMERGENCE HAPPENING. THAT'S NOT HAPPENING FOR EVERY PART OF THE COUNTRY AND STATE    39 WE DO HAVE SOME DROWNED OUT SPOTS BUT I REALLY HAVE HIGH HOPES FOR A GOOD  CROP THIS YEAR. I THINK THERE'S STILL TIME. I THINK WE'LL STILL GET A WINDOW WHERE WE CAN GET  CAUGHT UP PRETTY QUICKLY."> HERE ARE SOME DROWNED OUT FIELDS IN CLINTON COUNTY, INDIANA (THE  WEST- CENTRAL PART OF THE HOOSIER STATE?) WERE FARMERS COULD NOT  CATCH A BREAK FROM SPRING RAINS. 

CROP COMMENTS
CORN IS EMERGING TO THE WEST. MIKE HOFFMAN HAS A LOOK IN THIS  MORNING'S CROP COMMENTS. MIKE. GOOD MORNING, CLINTON.  OUR FIRST CROP COMMENT COMES FROM TOM DE GROOT IN MELBA, IDAHO.  HE'S NOT IN THE MACHINERY ANY LONGER - INSTEAD HE'S WATCHING THESE  LITTLE GUYS GROW.  AND MIKE DIERICKX IS STILL MOVING IN LONG GROVE, IOWA. MIKE SAYS HE HAS ROUGHLY 90 PERCENT OF HIS CORN AND 40 PERCENT OF  BEANS IN THE GROUND. HOWEVER, EVERYTIME THE AREA DRIES OUT, HE  RECEIVES MORE RAIN. USDA'S CROP PROGRESS REPORT WILL BE RELEASED  THIS AFTERNOON. AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
WHEN WE COME BACK OUR IT'S ROUND TABLE LOOK AT MARKET EXPECTATIONS  FOR THE WEEK AHEAD.  AND OF COURSE WEATHER WILL BE A MAJOR PART OF THAT CONVERSATION. PLUS MACHINERY PETE. STAY TUNED. FOLKS COMING UP I'LL TELL YOU ABOUT A TRACTOR FROM WYOMING. THAT SOLD FOR A VERY  HIGH AUCTION PRICE. AND THESE WILD HOGS ARE TEARING UP TEXAS--WE'RE OFF TO THE BATTLE  FIELD IN THE LONE STAR STATE.

AGRIBUSINESS
IN AGRIBUSINESS AN EXCITING END TO THE WEEK IN CHICAGO. DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. WELCOME BACK HERE. THE AGRIBUSINESS DESK WE HAVE ANGIE SETZER OF CITIZENS GRAIN NAOMI  BLOHM OF STEWART PETERSON WELCOME. THANK YOU BOTH FOR BEING HERE. THANKS FOR HAVING US  ALRIGHT WELL AS WE GET STARTED ON THIS WEEK THINKING ABOUT TRADE. WHAT NAOMI WE THIS FAR WITH  HE WOULD BE THINKING ABOUT IS YOU PREPARE FOR A WEEK IN MARKETS I'M COMING OFF THE SUNDAY  NIGHT RAID JUST TRYING TO TAKE A LOOK AT WHAT WEATHER IS DOING BETTER. I THINK THIS WEEK I'M NOT  EXPECTING A LOT OF EXCITEMENT BY ANY MEANS. I'M REAL CURIOUS TO SEE IF THE FUNDS ARE GOING TO  BE DOING ANY EXITING OR SHORT POSITIONS JUST TO START TO CLEAN THINGS OUT AS WE HEAD INTO THE  END OF THE MONTH OF COURSE WE'LL KEEP AN EYE ON PLANTING PROGRESS. BUT IT 'S I REALLY THINK IT 'S  GONNA BE A QUIET WEEK. MORE RANGE TRADING NOT A LOT OF EXCITEMENT. I'D RATHER KEEP AN EYE ON  CATTLE MARKET 'S OK AND THE HOG MARKET. I'M THINKING THAT THE HOG PRICES ARE GETTING A LITTLE  TOPPY. HERE NEAR THIS EIGHTY LEVEL SO I WOULD BE AGGRESSIVE ON SOME HEDGES OF THAT PLAN. BUT  OTHERWISE I THINK IT'S GOING TO BE PRETTY QUIET WHAT DO YOU THINK ANGIE QUIET OR ARE YOU  WATCHING FUNDS OR WEATHER I'M WATCH WEATHER. OF COURSE I DO ANTICIPATE A REASONABLY STRONG  UPDATING PROGRESS IN THE WESTERN CORN BELT. SO OF COURSE WILL PROBABLY HAVE OUR TUESDAY.  EVERYONE ACTING SURPRISED THAT WITHOUT A CROP PLANTED IN PARTS OF THE COUNTRY SO I'LL BE PREPARED FOR THAT BUT FROM AN OVERALL WHAT I'M REALLY GOING TO START TO PAY ATTENTION TO ASIDE  FROM WEATHER IS THE OVERALL ATTITUDE TOWARDS COMMODITIES AND REALLY LIKE TO SEE A START TO GET  SOME SOLID SUPPORT UNDERNEATH US IN ENERGIES. AND METALS ARE IN A KIND OF GET AN IDEA AS TO  WHERE WE'RE HEADING FROM AN ECONOMIC STANDPOINT AND WHETHER OR NOT WE COULD SEE SOME  OF THESE FOLKS. START TO LEAVE THOSE OUTSIDE MARKET LONG POSITIONS THAT THEY'VE BEEN GETTING  INTO AND HOPEFULLY COME IN THE CLOUD OF THESE BECAUSE I THINK IT 'S IT FOR THEM. IT WILL BE A GREAT  INVESTMENT OPPORTUNITY FROM A SEASONAL STANDPOINT AND WITH WHAT 'S GOING ON OVER ALL THE  CORN WHEAT IN THE CORN WHEAT COMPLEX ESPECIALLY BY A SOLDIER 'S REALLY BE WATCHING WHETHER  IN AND OVERALL ATTITUDES OF THE THE OUTSIDE INVESTORS THAT WE REALLY ARE NEEDING NAOMI AS YOU  A LOOK AT LAST WEEK 'S REPORTS FROM USDA IS ANYTHING CHANGED FUNDAMENTALLY FOR US NOT MUCH  HAS CHANGED. IT 'S JUST A REALLY NICE PICTURE THAT DEMAND IS STILL SO STRONG. AND THAT 'S THE  BIGGEST TAKE AWAY ALL TO KNOW IF THERE 'S ANY WEATHER ISSUES THAT DO EMERGE THIS SUMMER IF  WE'RE BELOW TREND LINE ON CORN OR BEANS WATCH OUT THIS MARKET PRICE HAS EVERY REASON TO RALLY  CAUSE THAT DEMAND IS SO FANTASTIC. WHAT ABOUT WHEAT ANGIE ANYTHING IN WHEAT AS FAR AS  DYNAMICS GO WE JUST GOTTA GET COMBINES RUNNING BEFORE ANYONE REALIZES WHAT HAPPENED TO  THAT CROP THERE IS DAMAGE THERE IS SOME REAL QUALITY CONCERNS OUT THERE. THERE 'S A REAL  ISSUES OF YOU KNOW AS A TRAITOR A PHYSICAL TRAITOR BECAUSE I I BY THE PHYSICAL AND INTO CASH I'M  SITTING HERE ON THE SIDELINES NOT MAKING ANY MOVES BECAUSE I DON'T KNOW WHAT TO EXPECT  AFTER WE HAD A COLD SNAP IN MICHIGAN LAST WEEK ALL RIGHT WE'LL KEEP AN EYE ON IT. THANK YOU  BOTH FOR BEING HERE. THANK YOU WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY ON THIS MONDAY MORNING. MIKE HOFFMAN HERE. MIKE AS WE LOOK AT THE MAP AND PRECIP OVER THE LAST WEEK OR SO THAT SOUTH EASTERN CORNER OF COLORADO GETTING FIVE THREE INCHES IN A LOT OF PLACES. THAT 'S A LOT FOR THEM IN A WEEK. THIS GOES BACK A WEEK AGO SATURDAY THROUGH THIS PAST FRIDAY AND YOU CAN SEE AS WE ZOOM IN REALLY THAT IS THE AREA TO FOCUS ON AS YOU CAN SEE, SOME ARE SOME POCKETS ANYWAY DID GET FOUR FIVE INCHES OF RAIN OUT THERE TO THE SOUTHEAST AND WELL SOUTHEAST OF DENVER INTO A SOUTHEASTERN PORTIONS OF COLORADO AND EAST CENTRAL PORTIONS ALSO NORTHWESTERN KANSAS GETTING A DECENT AMOUNT. ANOTHER POCKET OF SOME HEAVIER MOISTURE WAS GENERALLY TWO TO FIVE INCHES IN A SOUTHEASTERN AREA OF KANSAS AND NORTH EASTERN OKLAHOMA. OTHERWISE WE DIDN'T SEE ANY MASSIVE AMOUNTS LIKE WE HAVE OVER THE PAST FEW WEEKS WHERE SOMEBODY JUST GET SO MUCH RAIN. THAT SO THAT IS GOOD NEWS OF A LITTLE MORE SPREAD OUT THAN IT HAS BEEN. HERE'S THE JET STREAM AS WE START THE WEEKEND AGAIN. THIS IS JUST A STRANGE JET STREAM FOR THIS TIME OF THE YEAR.WE'VE HAD SO MANY CUT OFF LOWS WE STILL HAVE ONE IN THE NORTHEAST THAT'S JUST GOING TO  SIT THERE FOR A WHILE. THAT KEEPS THE RIDGE OVER THE MIDWEST, ESPECIALLY  THE EASTERN CORN BELT WHICH IS BEING COOL OVER THE PAST WEEK FOR THE WARMTH HAS BEEN TWO STATES WEST. NOW WE SHIFT A LITTLE FARTHER EAST  THAT FIRST LITTLE PIECE OF ENERGY DOES KIND OF RIDE UP OVER THIS RIDGE. YOU CAN SEE THAT ON WEDNESDAY MOVING THROUGH THE NORTHERN PORTION OF THE GREAT LAKES. THAT THEN DIVES INTO THE NORTHEAST AGAIN WITH ANOTHER TROUGH. A RIDGE BUILDS BACK UP INTO THE A GREAT LAKES, OHIO VALLEY, TENNESSEE VALLEY SOUTHEAST IS DRY IN THIS SITUATION AND ANOTHER CUTOFF LOW OUT WEST AND THAT MAY FINALLY KIND OF BREAKDOWN THAT RIDGE FOR A WHILE MAYBE GET THINGS  MOVING FROM WEST TO EAST ACROSS A COUNTRY. HERE'S WHAT I'M LOOKING AT THIS WEEK. TEMPERATURES MOSTLY ABOVE NORMAL FOR THE EASTERN HALF OF THE COUNTRY NORTHERN PORTIONS AND CENTRAL PORTIONS OF THE ROCKIES PROBABLY BELOW NORMAL AND ALSO A STRIP ACROSS CANADA AS YOU CAN SEE THERE. PRECIPITATION THIS COMING WEEK DEFINITELY BELOW NORMAL IN THE SOUTHEASTERN PORTIONS OF THE COUNTRY AND I'M PROBABLY INCLUDE THE EASTERN OHIO VALLEY, MUCH OF THE TENNESSEE VALLEY AND OTHER SOUTHERN PORTIONS OF THE NORTHEAST ABOVE NORMAL AND FROM EASTERN TEXAS AND OTHER NORTHERN PLAINS AND IN EAST AND WEST FROM THERE, ESPECIALLY THE ROCKIES. NOW AS A THIRTY DAY OUTLOOK, WE HAVE A LOT OF BELOW NORMAL ACROSS THE LOWER 48 FROM IOWA THROUGHOUT THE NORTHEAST ABOVE NORMAL FOR FLORIDA AND ABOVE NORMAL AND  MAINLY WESTERN CANADA MAY BE EXTREME NORTHERN MONTANA THIRTY DAY OUTLOOK FOR PRECIPITATION ABOVE NORMAL UP AND DOWN THE CENTRAL PORTIONS OF THE ROCKIES ABOVE NORMAL IN TENNESSEE VALLEY MID ATLANTIC BELOW NORMAL WESTERN LAKES AND FAR SOUTHERN TEXAS AND MUCH OF FLORIDA THAT 'S A LOOK ACROSS THE COUNTRY NOW LET 'S TAKE A LOOK AT SOME LOCAL FORECASTS SANTA FE, NEW MEXICO FIRST OF ALL SUNNY BREEZY AND PLEASANT, HIGH TEMPERATURE OF SEVENTY FIVE. RICE LAKE, WISCONSIN VARIABLY CLOUDY AND WARM IN EVENING THUNDERSTORM HIGH OF SEVENTY FOUR AND DOTHAN, ALABAMA MOSTLY SUNNY IN A RATHER HOT HYPE AROUND NINETY.

TEASE
MACHINERY PETE JOINS US NEXT WITH A LOOK AT THE LATEST TRENDS IN THE  EQUIPMENT INDUSTRY. AND THESE TEXAS PRODUCERS ARE FIGHTING SOME OVERSIZED PESTS.

MACHINERY PETE
GREG PETERSON TALKS A LOT ABOUT PRICES FOR GOOD CONDITION USED EQUIPMENT--AND THIS MORNING HE EXPLAINS HOW CONDITION REALLY IMPACTS THE BOTTOM LINE AT AUCTION. WELL FOLKS LAST SIX MONTHS I'VE BEEN TALKING ABOUT HOW GOOD CONDITION USED TRACTORS HAVE BEEN REALLY SELLING WELL AT AUCTION NOW LET'S GO A LITTLE DEEPER ON THIS. NOW HERE'S ANOTHER  EXAMPLE. THE TREND AND THIS CAME FROM AN ONLINE AUCTION A WEEK AGO WEDNESDAY. BIG IRON  DOT COM AND THIS TWO THOUSAND NINE JOHN DEERE EIGHTY NINE THIRTY WITH THIRTY ONE HUNDRED FIVE  HOURS ON IT FROM SOUTHEAST WYOMING SOLD FOR HUNDRED THIRTY EIGHT THOUSAND DOLLARS NOW IF WE  LOOK AT THAT PRICE. THAT 'S THE SECOND HIGHEST AUCTION PRICE I'VE SEEN IN TWENTY NINE MONTHS  HERE 'S A PICTURE OF THE ONLY ONE THAT WENT HIGHER THIS WAS FROM DECEMBER TWENTY SECOND  FARM AUCTION IN NORTHEAST MISSOURI OH SEVEN MODEL EIGHTY FIVE THIRTY SEVENTEEN AND THIRTY  SEVEN HOURS ON IT WENT FOR HUNDRED SIXTY THOUSAND DOLLARS TALK WAS OF THE TWO NICEST ONE BUT  NOW LET 'S TALK AVERAGE. THE LAST TWENTY JOHN DEERE EIGHTY FIVE. THIRTY 'S I HAVE SEEN SOLD AT  AUCTION. THE AVERAGE AUCTION PRICE IS A HUNDRED ONE THOUSAND FIVE HUNDRED TWENTY FIVE  BUCKS SO AGAIN YOU CAN SEE HOW MUCH ABOVE THAT HUNDRED THIRTY EIGHT THOUSAND. IN FACT IF  YOU GO TO OUR MACHINERY PETE DOT COM WEB SITE YOU'LL SEE WE HAVE THIRTY FOUR JOHN DEERE  EIGHTY FIVE THIRTY 'S FROM DEALERS LISTED FOR SALE ALL ACROSS THE COUNTRY AND THE CURRENT AVERAGE  DEALER LISP RIGHT ON A TWO THOUSAND NINE MODEL IS A HUNDRED AND TWENTY SEVEN THOUSAND  EIGHT HUNDRED THIRTY THREE. DOLLARS SO ONCE AGAIN SHOWS YOU HOW HIGH THAT AUCTION PRICE WAS  AT ONE HUNDRED THIRTY EIGHT THOUSAND A WEEK AGO WEDNESDAY ON THE BIG IRON DOT COM SALE 

IN THE COUNTRY
WILD PIGS.  FERAL HOGS.  WHATEVER YOU CALL THEM, THEY'RE ROOTING THEIR WAY ACROSS TEXAS LEAVING DESTRUCTION IN THEIR  PATH. THEY DIG. THEY DESTROY. AND THERE'S NO STOPPING THEM. WILD PIGS – ONCE CALLED FERAL HOGS – ARE ROOTING THEIR WAY ACROSS THE LONE STAR STATE. LEAVING DESTRUCTION IN THEIR PATH. DAMAGE  LIKE THIS. FOR FARMER DAVID KRAFT OF COMAL COUNTY, THE IMPACT OF WILD PIGS ON HIS CORN CROP  RUNS DEEP. TENS OF THOUSANDS OF DOLLARS DEEP. IN JUST THIS FIELD ALONE. "YOU WOULDN'T IMAGINE WHAT THEY CAN DO IN ONE NIGHT. THEY COME IN COMPLETELY DESTROY A  CORN FIELD" SEEING THE DEVASTATION LEAVES FARMERS GRASPING FOR SOLUTIONS. TRAPS, GUNS…WHATEVER IT  TAKES TO SAVE THEIR LIVELIHOODS AND PROTECT THEIR FAMILIES. THIS BOAR WAS TRAPPED OVERNIGHT  ALONGSIDE DAVID'S CORN FIELD. HE'S ALREADY TRAPPED 20 HOGS THIS YEAR ON THIS FARM ALONE. IT'S A  DAILY AND NIGHTLY BATTLE. "THE SAME NIGHT THAT WE PLANTED IT THEY CAME IN AND THEY GO RIGHT DOWN THE ROW. THEY ROOT  UP THE CORN AND THEY DON'T MISS VERY MANY OF THEM. IT'S LIKE THEY JUST UN-PLANT WHAT YOU  PLANTED BASICALLY AND EAT IT" SWARMS OF SWINE ARE EATING AWAY AT TEXAS CAUSING OVER $50 MILLION IN DAMAGE TO THE STATE  EACH YEAR. AND THE PROBLEM'S GETTING WORSE. THE PIGS ARE THRIVING. THERE ARE SOME WAYS TO TRY AND MANAGE THE INFESTATION, BUT THEY'RE NOT KEEPING UP WITH  POPULATION GROWTH. ONE SOW CAN HAVE AS MANY AS THREE LITTERS PER YEAR WITH A PIG COUNT OF  EIGHT OR MORE. DAVID SAYS NEW TOOLS ARE NEEDED NOW IF THERE'S ANY HOPE TO STOP THE SWINE. "THE HUNTING. I DON'T BELIEVE THAT'S QUITE THE ANSWER. I DON'T THINK WE CAN EVER MAKE ANY HEADWAY. I DON'T THINK YOU'RE EVER GOING TO ELIMINATE THEM. BUT WE NEED SOMETHING THAT IS  GOING TO CONTROL BETTER IN SOME SORT OF WAY" WILD PIGS ARE NOT JUST IMPACTING FARMS AND RANCHES BUT CITIES AND SUBURBS. INVADING  NEIGHBORHOODS. BRINGING DISEASE AND SAFETY CONCERNS TO EVERYONE'S FRONT DOOR. "AT SOME POINT AND TIME YOU HAVE TO START GETTING CONCERNED WITH DAMAGES NOT ONLY TO LAND  BUT WHAT ABOUT PEOPLE CHILDREN. THEY ARE VERY AGGRESSIVE ANIMALS" DAVID HAS REPLANTED HIS CORN TWICE. ITS FUTURE IS UNKNOWN. WHAT IS KNOWN IS TEXAS FARMERS  LIKE DAVID ARE TRAPPED BY FRUSTRATION. THEY'RE FIGHTING A WAR. ONE THEY CONTINUE TO LOOSE. WITH THE TEXAS FARM BUREAU, GARY JOINER, NEW BRAUNFELS

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING, GLAD YOU TUNED IN. FOR MIKE HOFFMAN AND BETSY JIBBEN, I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close