AgDay Daily Recap -May 15, 2018

May 15, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
MAY 15, 2018

HEADLINES

COULD THERE BE A EASING OF TRADE TENSIONS BETWEEN THE U-S AND ASIA AS CHINA'S TOP ECONOMICS MINSTER ARRIVES FOR  HIGH LEVEL TALKS? CONSEQUENCES OF THE DISPUTE IS FELT BY U-S FRUIT GROWERS. PLUS IN AGRIBUSINESS,,,,THE MARKET POTENTIAL IF A TRADE SPAT CAN BE DIFFUSED. A CHECK ON PLANTING PROGRESS. AND WE SEE WHERE THE "BUFFALO ROAM".....IN ARKANSAS! AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

CHINESE-U.S. TRADE TENSIONS
GOOD MORNING I'M CLINTON GRIFFITHS. U.S. CHINESE TRADE TENSIONS TAKE ANOTHER HISTORIC STEP FORWARD TODAY,  AS LEADERS FROM BOTH NATIONS MEETING WASHINGTON FOR ANOTHER ROUND  OF TALKS. THE CHINESE VICE PREMIER IS SET TO ARRIVE IN WASHINGTON TUESDAY.  HIS TEAM HAS BEEN IN TOWN THE PAST FEW DAYS PREPARING FOR THE  MEETING. OVER THE WEEKEND, PRESIDENT TRUMP MAKING A SURPRISE TURN--ORDERING  CHANGES ON SANCTIONS AGAINST CHINESE  TELECOMS AFTER SPEAKING WITH  THE PRESIDENT OF CHINA, XI JINPING.IN RETURN REPORTS MONDAY THAT CHINA WILL REMOVE ITS TARIFF THREAT ON  U.S. SOYBEANS. THAT SENT SOYBEAN MARKETS HIGHER. THE GOODWILL COULD HELP SOFTEN FURTHER NEGOTIATIONS.  CHINA'S AMBASSADOR TO WASHINGTON SAYING EASING TRADE TENSIONS BETWEEN THE U.S. AND CHINA COULD BE REACHED QUICKLY. SEGMENTS OF THE AG INDUSTRY HOPE NEW TALKS LEAD TO REDUCED TENSIONS. 

PORT DELAYS
THE PRODUCE INDUSTRY IS ALREADY FACING WHAT IT THINKS IS RETALIATORY TREATMENT....AS ITS PRODUCTS GET STALLED AT PORT. THE CHINESE SAY IT'S INCREASING SAFETY PROTOCOLS...AS U.S. FRUIT SITS IDLE  AT CHINESE PORTS FOR DAYS AT A TIME – U.S. INDUSTRY ANALYSTS BELIEVE IT'S CHINA MAKING A STATEMENT. "PEOPLE DO THINK THIS IS RELATED BETWEEN THE TRADE TENSIONS BETWEEN THE U.S. AND CHINA THAT  THEY'VE SLOWED DOWN IMPORTS ON TOP OF 15 PERCENT TARIFFS THEY PUT ON EARLIER THIS YEAR,"THE WAKE OF PRESIDENT TRUMP'S TARIFFS ON IMPORTED STEEL AND ALUMINUM,  THE CHINESE SLAPPING RETALIATORY TARIFFS ON A "FIRST WAVE" OF U.S.  PRODUCTS - INCLUDING A 15 PERCENT TARIFF ON NEARLY ALL PRODUCE. "SPECIFICALLY ON RED DELICIOUS, WHICH IS THE VARIETY THAT WE WOULD BE SHIPPING FOR THE BALANCE OF THIS SEASON, IS THAT CONSUMERS DEMAND OUR PRODUCTS. THEY WERE STILL PLANNING ON IMPORTING."THE TARIFFS ALSO IMPACTING THE CALIFORNIA CITRUS INDUSTRY. "IT ADDS ABOUT 5 DOLLARS TO THE CARTON PRICE WHEN LANDED IN CHINA. OUR OFFSHORE  COMPETITORS, MOST NOTABLY AUSTRALIA AND EGYPT, NOW HAVE A MAJOR BENEFIT. THE PRODUCE INDUSTRY SAYS THE BIGGEST THREAT IS ITS PRODUCT WAITING ON CHINESE CUSTOMS. THE U.S. AND CHINA HAVE A PHYTO-SANITARY AGREEMENT IN PLACE. WHICH  MEANS, THE CHINESE USUALLY INSPECT A LIMITED NUMBER OF BOXES. AS OF TWO WEEKS AGO, THE CHINESE ARE CHECKING *EVERY* SHIPMENT,  SLOWING DOWN THE EXPORT PROCESS. "IN GENERAL, A WEEK, MOST COMMODITIES CAN DEAL WITH THAT TYPE OF DELAY IF REFRIGERATION  IS AVAILABLE TO PERSERVE IT.BUT IF THE CROP ISN'T REFRIGERATED, IT CAN DETERORIATE QUICKLY. YOU CAN USUALLY GET THE FRUIT LANDED WITHIN 48 HOURS AND GET IT OFF THE DOCK AND INTO  THE CHANNELS OF DISTRIBUTION. RIGHT NOW, IT'S A MINIMUM OF 5 DAYS, IN SOME CASES 7 DAYS."TRADITIONAL SHIPMENTS ARE DELAYED A DAY OR TWO IF AT ALL, ARE NOW BEING DELAYED  AS LONG  AS TWO WEEKS. THE SLOW DOWN IS TO THE POINT WHERE NELSON SAYS THERE'S BEEN SOME  LOST BUSINESS. BOTH U.S. EXPORTERS AND CHINESE COMPANIES ARE  CANCELLING SHIPMENTS OR NOT PLACING ORDER DUE TO THE ISSUE. WE ARE AWARE OF ABOUT 4 TO 6 LOADS WHICH IS ROUGHLY 1,000 CARTONS PER LOAD.  IT'S NOT HUGE YET BUT IT'S GOING TO GROW WITH ADDITIONAL HARASSMENT. YES, IT'S HAD AN IMPACT BUT AS TIME GOES ON, IT WILL BE A CUMULATIVE IMPACT AND IT WILL BE  QUITE SUBSTANTIAL.CITRUS PRODUCTS WERE THE FIRST TO BE STALLED AT CUSTOMS. FRYHOVER VISITED CHINA WEEKS AGO. HE SAYS HE RECEIVED WARNING THAT OTHER PRODUCE WOULD EVENTUALLY BE  SITTING AT CHINESE PORTS AS WELL. 

NAFTA NEGOTIATIONS
NAFTA NEGOTIATIONS ARE IN THE FINAL LEG--AT LEAST THAT'S THE HOPE IN  WASHINGTON. LEADERS SAY MOODS ARE POSITIVE.  THE KEY MINISTERS ARE NOT AT THE MEETINGS THIS WEEK--YET...BUT ARE ON CALL. THE BIGGEST ISSUE CONTINUES TO BE RULES OF ORIGIN FOR THE AUTO  SECTOR.  OTHER SENSITIVE ISSUES INCLUDE AN INVESTOR-STATE DISPUTE SETTLEMENT, CANADIAN DAIRY, SEASONAL PRODUCE AND A SUNSET CLAUSE. HOUSE SPEAKER PAUL RYAN SAID LAST WEEK, THEY NEED THE LANGUAGE OF THE FINAL AGREEMENT BY MAY  17TH. 

FARM BILL
A TOTAL OF 103 AMENDMENTS WERE FILED FOR THE HOUSE FARM BILL. THE BILL IS EXPECTED TO BE VOTED ON THIS WEEK, UNLESS IT'S PULLED BACK  DUE TO A LACK OF VOTES.   THE RULES PANEL MEETS LATE TUESDAY TO SET THE TERMS OF DEBATE AND  AGAIN ON WEDNESDAY AFTERNOON TO DECIDE WHICH AMENDMENTS CAN BE  CONSIDERED ON THE HOUSE FLOOR.

CROP PROGRESS
RAIN, SEVERE WEATHER, RECORD HEAT AND DROUGHT HELPING TO SHAPE THIS  WEEK'S CROP PROGRESS REPORT FROM USDA. WE BEGIN WITH CORN PLANTING WHICH NEARLY MATCHES THE FIVE YEAR  AVERAGE, FOLLOWING WEEK'S OF DELAYS. 62-PERCENT PLANTED. A POINT BEHIND AVERAGE. ILLINOIS CORN PLANTING IS IN THE HOMESTRETCH AT 90-PERCENT. 20 POINTS AHEAD OF AVERAGE. IOWA SAW A 25-POINT JUMP FROM LAST WEEK BUT STILL LAGS THE FIVE YEAR  PACE EVER-SO SLIGHTLY. MINNESOTA, NEBRASKA AND OHIO ALL SHOWING 30-PLUS POINT GAINS. SOYBEAN PLANTINGS PUSHED PAST THE FIVE YEAR AVERAGE WITH A THIRD IN  THE GROUND. ILLINOIS FARMERS HAVE TWO-THIRDS OF THE SOY CROP PLANTED...MORE THAN  40 POINTS AHEAD OF AVERAGE. THE OVERALL WINTER WHEAT PICTURE CONTINUES TO STRUGGLE WITH 36- PERCENT GOOD TO EXCELLENT, A TWO POINT IMPROVEMENT FROM LAST WEEK. KANSAS WHEAT 15-PERCENT GOOD TO EXCELLENT. 42-PERCENT AT HEADING  STAGE. OKLAHOMA ELEVEN PERCENT GOOD TO EXCELLENT. 

LOUISIANA RICE HARVEST
AND A QUICK GLANCE TO THE SOUTH WHERE RICE PLANTING REACHED 83- PERCENT. LOUISIANA IS LEADING THE WAY. WET, COOL CONDITIONS THIS SPRING IN PARTS OF THE SOUTH HAVE LOUISIANA  RICE FARMERS PLAYING CATCH-UP GETTING THEIR FIELDS PLANTED AND THEIR  CROPS UP AND GROWING.  IN NORTHERN LOUISIANA, GOOD WEATHER IS FINALLY ALLOWING RICE FARMERS  TO GET IN THEIR FIELDS. AND ARE HEADED INTO THE HOMESTRETCH. IN SOUTH LOUISIANA, THE RICE IS OUT OF THE GROUND BUT HASN'T GROWN MUCH. IT'S SLOWED DOWN. PROBABLY THE RICE WE'RE PLANTING NOW IS GOING TO CATCH-UP  WITH THE RICE WE PLANTED TWO AND A HALF WEEKS AGO.""WHAT WE REALLY NEED ARE DAYS LIKE THIS WHERE WE GET SOME SUNSHINE AND GET  SOME WARMER TEMPERATURES, AND I THINK THIS IS REALLY WHAT WE NEED IN ORDER TO GET THAT RICE A  REALLY GOOD JUMP-START ON IT."LAST YEAR, A GOOD PORTION OF THE RICE CROP IN THE SOUTHERN PART OF THE  STATE WAS PLANTED IN LATE FEBRUARY AND EARLY MARCH. THE RICE CROP  MATURED EARLY, ALLOWING THE HARVEST TO BE IN FULL SWING BEFORE THE  PEAK OF HURRICANE SEASON IN AUGUST. THEY DON'T EXPECT TO SEE A REPEAT  OF THAT EARLY HARVEST THIS YEAR. 

CROP COMMENTS
LET'S GET A QUICK LOOK AT SOME FIELD CONDITIONS. MIKE HOFFMAN JOINS US  WITH CROP COMMENTS. GOOD MORNING CLINTON. ONE OF OUR MOST LOYAL VIEWERS SENT THIS PHOTO FROM SOUTHEAST SOUTH  DAKOTA. HE SAYS OATS AND NEW SEED ALFALFA ARE OFF TO A NICE START THIS  YEAR. OKAY TO BE HONEST THAT PHOTO CAME FROM REPORTER BETSYJIBBEN'S  DAD WHO FARMS THERE.  PERHAPS WE NEED TO OPEN A FARM JOURNAL BUREAU  THERE. AND FROM FILLMORE COUNTY, NEBRASKA, A FARMER POSTED ON AGWEB THAT HIS CORN AND SOYBEAN PLANTING IS FINISHING UP IN THAT AREA. BUT IT COULD  USE A GOOD DRINK OF RAIN.  HE SAYS THEY'RE ABOUT FOUR INCHES BELOW  NORMAL FOR THIS YEAR SO FAR. AND TAKE A LOOK AT THE WINDSPEED FORECAST. NOT A WHOLE LOT ACROSS THE COUNTRY. YOU CAN SEE  SOME POCKETS OF BREEZY CONDITIONS LOWER GREAT LAKES NORTHERN PLAINS AND THAT AREA IN THE NORTHERN PLAINS MOVES INTO NORTHERN MINNESOTA LATER ON TODAY A LITTLE BIT IN THE MID-ATLANTIC.  ON THE WINDY SIDE LATER TODAY AND TOMORROW MORNING DEPENDS ON WHERE THUNDERSTORMS  DEVELOP IN THE SOUTHWESTERN PLAINS BUT THERE COULD BE A BURST OF WIND THERE. FIRST THING IN THE  MORNING AND THEN YOU CAN SEE SOME POCKETS OUT WEST AND MID-ATLANTIC ONCE AGAIN TOMORROW AFTERNOON. WE'LL HAVE YOUR FORECAST COMING UP IN A FEW MINUTES. BUT FIRST HERE ARE  SOME HOMETOWN. TEMPS 

TEASE
WE'LL CONTINUE THE CHINA CONVERSATION AT THE AGRIBUSINESS DESK-- INCLUDING THE REMAINING MARKET POTENTIAL. THAT'S COMING UP NEXT. AND LATER, A VARIETY OF BOVINE MORE COMMON FOR SOUTHEAST ASIA THAN SOUTHWEST ARKANSAS. BUT IT WORKS! WE'LL VISIT THE FARM LATER ON AGDAY. 

AGRIBUSINESS
AS THE CHINESE TRADE DELEGATION MAKES ITS WAY TO WASHINGTON, HOW IS  THAT RELATIONSHIP DOING FOR AMERICAN AGRICULTURE? TYNE MORGAN PICKS  UP THE CONVERSATION FROM THE AGRIBUSINESS DESK. HERE NOW WITH SUE MARTIN OF AG AND INVESTMENT SERVICES SUE THERES SO MUCH CONCERN OVER CHINA CHINA AND NERVOUSNESS WHEN IT COMES TO TRADE BUT LONG TERM YOU KIND OF HAVE  THIS BULLISH OUTLOOK ON CHINA AND THE NEED FOR MORE DEMAND AND MORE U.S. PRODUCTS. WELL  THE ONE THING WE HAVE TO KEEP IN MIND IS THE U.S. IS THE WORLD'S LARGEST HOLDER OF CORN STOCKS. AND WHEN WE PULL THE U.S. OUT OF THE PICTURE FOREIGN PRODUCTION DEFICITS ARE RECORD  HIGH. AND THAT'S BECAUSE OF THE GROWING DEMAND AROUND THE WORLD AND OF COURSE AS WE SEE  ECONOMIES GET BETTER AS OF WHICH CHINA IS. AND IN THE MEANTIME YOU HAVE THESE ENDEAVORS BY THE PRESIDENT. CHINA XIAOPING WITH HIS GOALS TO TRY TO MAKE EVERYBODY'S LIVES BETTER. YOU  KNOW THE ONE THING CHINA WANTS THE VERY LEAST TO HAPPEN IS THE FACT THAT FOOD BECOMES TIGHT  SUPPLIES ARE SCARCE. THEY HAVE NOT FORGOTTEN TIANANMEN SQUARE. AND SO THEY'RE VERY CONCERNED ABOUT THAT AND WHEN THEY'RE LOOKING AHEAD YOU KNOW THEY HAVE A RECORD PORK  INDUSTRY RIGHT NOW. THEY HAVE HUGE RECORD POULTRY SO PROTEIN IS PRETTY AGGRESSIVE THERE AND  THEY'RE BRINGING BEEF AND BESIDES GRANTED THE U.S. PORTION OF THAT BEEF IS SMALL BUT WHAT IT ALL  SPELLS IS NEEDING CORN FOR NOT ONLY ENERGY. GRANTED THEY'VE GOT FEED WHEAT TO BE ABLE TO USE THIS WELL BUT IT'S NOT ONLY CORN FOR FEED IT'S CORN FOR ENERGY AND THEY HAVE MORE VEHICLES. I  THINK THEY HAVE LIKE 300 MILLION CARS VERSUS 200 AND SOME 227 SOMETHING LIKE THAT MILLION. SO IT'S JUST AMAZING. IT'S ALMOST MIND BOGGLING BUT WHEN YOU LOOK AT THE FACT THAT 36 PERCENT  OF THAT POPULATION IS IN POVERTY. THAT'S A BIG ENDEAVOR. AND YOU DON'T JUST START. IF HIS GOAL  WAS 2020 HE'S WORKING ON IT NOW REALLY QUICK DON'T HAVE MUCH TIME BUT WHEN DO YOU THINK  THAT STARTS TO IMPACT US. I THINK IT WILL START TO IMPACT US. YOU KNOW IF YOU GO BACK AND YOU  LOOK AT ARGENTINA THEY'RE THE WORLD'S LARGEST HOLDER OF SOYBEANS STOCKS. AND LOOK HOW THE BEAN MARKET JUST STARTED TAKING OFF WHEN THEY STARTED HAVING ISSUES. SAME THING WILL HAPPEN  IF IF WE GET HIT WITH A WEATHER ISSUE AND IT DOESN'T HAVE TO BE AN IOWA INDIANA ILLINOIS TEXAS  KANSAS THOSE ARE TWO BIG CORN STATES AS WELL AND COLORADO. YOU KNOW I JUST SORT OF WONDER  YOU KNOW THE SUMMER IS NOT OUT YET. ALL RIGHT. THANK YOU FOR JOINING US. WE'D LIKE YOU TO TAKE  A BREAK AND THEN WE'LL HAVE MUCH MORE HERE ON AGDAY> 

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFMAN HERE LOOKING AT THE FRONT  DRAPED OVER THE MIDDLE OF THE COUNTRY AND THAT'S BRINGING SOME PRETTY ACTIVE WEATHER TO  PLACES NORTH OF. YOU GET THESE BIG COMPLEXES OF STORMS SOUTH OF IT YOU GET A LITTLE BIT BETTER CHANCE FOR SEVERE WEATHER IN THOSE SCATTERED AREAS OF THUNDERSTORMS. AND YOU CAN SEE THIS  MORNING THAT FRONT MOVED A LITTLE BIT FARTHER NORTH THAN THE EASTERN GREAT LAKES. THAT'S THOSE  COMPLEXES OF THUNDERSTORMS NORTH OF THERE AND NOW IT'S COMING BACK SOUTHWARD AGAIN. SO IT HAS BEEN WAVING A LITTLE BIT TO US. YOU CAN SEE IN THE NORTHEASTERN GULF A TROPICAL LIKE SYSTEM  NOT OUT OF THE QUESTION THAT GETS NAMED AT SOME POINT THAT WOULD BE REALLY EARLY IN THE  SEASON. BUT IT DOES HAPPEN SOMETIMES ENDING SEE A WEAK SYSTEM KIND OF STAYING IN SOUTHERN CANADA OVER THE NEXT COUPLE OF DAYS AS WE HEAD THROUGH LATER ON TODAY AND SEE  THE STORM SYSTEM MOVING OFF THE SOUTHERN NEW ENGLAND COAST COLD FRONT DRAPED THROUGH THE  OHIO RIVER VALLEY WILL BE THE FOCUS FOR SHOWERS AND STORMS. AGAIN IT STALLS OUT ACROSS THE CENTRAL PLAINS SYSTEM IN THE GOFF'S SLOWLY MOVING NORTHWARD. SOME COMPUTER MODELS BRING IT  A LITTLE QUICKER SOME BRING IT A LITTLE SLOWER EITHER WAY IT'S GOING TO BRING IN A FAIR AMOUNT OF  RAIN IN MANY PARTS OF FLORIDA AND EVENTUALLY OTHER PARTS OF THE SOUTHEAST BY TOMORROW  MORNING. AND YOU CAN SEE A HIGH PRESSURE BUILDS BACK INTO THE GREAT LAKES. GIVE YOU FOLKS  A REST FROM THE RAIN FOR A WHILE. THERE HAVE BEEN SEVERAL DAYS IN A ROW WITH MORNING THUNDERSTORMS IN SOME PARTS OF THE GREAT LAKES. AND YOU CAN SEE BY LATER ON TODAY LOTS OF  MOISTURE WITH THIS SYSTEM COMING UP OUT OF THE GOLF SO THERE WILL BE A WIDESPREAD RAIN AND  THUNDERSTORMS THERE AND THE STALLED OUT FRONT WILL BE THE FOCUS ONCE AGAIN FROM ARKANSAS ALL THE WAY OVER INTO THE MID-ATLANTIC AND A DEVELOPING STORM SYSTEM NOT A STRONG ONE BUT  ENOUGH TO BRING SOME POP UP SHOWERS AND THUNDERSHOWERS TO PARTS OF THE NORTHERN AND  CENTRAL ROCKIES. THERE IS A PRECIPITATION ESTIMATE PAST 24 HOURS. YOU CAN SEE FROM THE MID- ATLANTIC BACK THROUGH THE MIDDLE OF THE COUNTRY WE'VE SEEN SOME BUT MOST OF IT'S BEEN IN THE  PENINSULA OF FLORIDA. WE'LL ADD SOME MORE IN FLORIDA OVER THE NEXT 36 HOURS AND YOU CAN SEE THOSE POCKETS GET ONE TO TWO INCHES OF RAIN IN PARTS OF THE SOUTH CENTRAL PLAINS INTO THE  MID-ATLANTIC ALSO THE LOWER GREAT LAKES. TEMPERATURES THIS AFTERNOON ON THE COOL SIDE NORTH  OF THE FRONT BUT MOST OF US ARE MILD FOR THIS TIME OF YEAR EVEN WARM AND MUGGY. FARTHER SOUTH  YOU CAN SEE LOW TEMPERATURES TOMORROW MORNING ONLY IN THE GREAT LAKES IN THE NORTHEAST IS GOING TO BE WHAT YOU WOULD CALL COOL COMFORTABLE THOUGH ACROSS THE NORTHERN PLAINS STILL  MUGGY IN THE SOUTHEAST AND MORE OF THE SAME TOMORROW IN FACT THE HEAT KIND OF GOES BACK  NORTHWARD INTO THE FAR NORTHERN PLAINS AS WELL. HERE'S THE JET STREAM AND YOU CAN SEE THE STORM SYSTEM MOVES OFF TO THE EAST AND WE DON'T HAVE A LOT GOING ON ACROSS THE COUNTRY WE'LL HAVE SMALL SYSTEMS HERE AND THERE THE REMNANTS OF THAT TROPICAL LIKE SYSTEM COMING UP OUT  OF THE GULF KIND OF GETS CAUGHT IN THE FLOW AND MOVES EAST AND OUR MODELS SHOWING A CUT OFF  BY EARLY NEXT WEEK INTO THE SOUTHWEST AGAIN. THAT'S A LOOK ACROSS THE COUNTRY NALIS. TAKE A  LOOK AT SOME LOCAL FORECASTS HEADING TO WALLA WALLA WASHINGTON TODAY PARTLY SUNNY VERY WARM HIGH UP TO 87 TEXARKANA TEXAS PARTLY SUNNY. HOT AND HUMID HIGH AROUND 90 AND UTICA  NEW YORK CLOUDY WITH RAIN SHOWERS MAYBE A THUNDERSTORM HIGH AROUND 68.

TEASE
WHEN WE COME BACK, WE'LL LOOK AT THE LATEST DAIRY PRICE FORECASTS  FROM USDA. AND DID YOU KNOW 95-PERCENT OF THE WATER BUFFALO HERD IS LOCATED IN  ASIA? THE POPULATION RANGES FROM 150-MILLION TO 180 MILLION HEAD. NEXT, SEE HOW ONE ARKANSAS FARMER IS TRYING TO CARVE OUT A SMALL PIECE OF THAT NICHE MARKET IN THIS COUNTRY. 

DAIRY REPORT
THE LATEST USDA WASDE REPORT SHARING FRESH FORECASTS FOR THE DAIRY  INDUSTRY. IN ITS MAY SUPPLY DEMAND ESTIMATES, THE DEPARTMENT CALLING FOR HIGHER  PRICES IN 2018 AND 2019. THE 2018 ALL MILK PRICE IS INCREASED TO $16.20 TO $16.70 PER HUNDRED. WITH EVEN SLIGHTLY HIGHER PRICES IN 2019. MILK PRODUCTION IS FORECAST TO INCREASE SLIGHTLY IN 2019...ON IMPROVING MILK PER COW NUMBERS...WITH THE HERD SIZE FORECAST TO BE RELATIVELY  UNCHANGED. NEW ENGLAND DAIRY FARMERS ARE STRUGGLING WITH A SHORTAGE OF MILK PROCESSORS. AND THEY FIND THEMSELVES HAVING TO DUMP MILK. VERMONT PUBLIC RADIO SAYS THERE'S TOO MUCH PRODUCTION AND NOT ENOUGH PROCESSING CAPACITY. PRODUCTION INCREASES IN THE REGION HAVE SLOWED, BUT IT'S STILL RUNNING  ONE-AND A HALF PERCENT AHEAD OF 2016 LEVELS. LAST YEAR, ABOUT 170 MILLION POUNDS OF MILK WAS DUMPED IN THE  NORTHEAST MARKET, UP FROM 119 MILLION POUNDS FROM 2016. THANKS TO SMART MANAGEMENT AND BREEDING EFFORTS, THE AMERICAN BISON  POPULATION IS GETTING RESTORED. 

TEASE
NEXT, WE'LL SEE HOW ONE ARKANSAS FARMER IS TRYING BUILD THE HERD OF A COUSIN - THE WATER BUFFALO. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE. VISIT KUBOTA.COM TODAY.ARE YOU TRYING TO STIR THINGS UP A BIT ON YOUR FARM? DIVERSIFY YOUR  OPERATION? A RANCHER NEAR TEXARKANA, ARKANSAS SURE DID. AND BY DOING SO, HE AND  HIS CREATED A NICHE MARKET. IN THIS REPORT PROVIDED BY THE ARKANSAS FARM BUREAU, KEN MOORE TAKES  US TO THE SOUTHWEST CORNER OF THE STATE "WHERE THE BUFFALO - WATER  BUFFALO - ROAM." TUCKED AWAY OFF HIGHWAY 82 JUST EAST OF THE TEXARKANA CITY LIMITS IS TOM AND SHANNON  OLSON'S TURKEY CREEK RANCH WHERE YOU WILL FIND ONE OF ARKANSAS' MORE UNIQUE LIVESTOCK  HERDS, WATER BUFFALO.  EACH ONE HAS A DIFFERENT PERSONALITY SO,  GETTING TO KNOW THEM AND THEIR EASY GOING NATURE. IT WAS QUITE A CHANGE FROM REGULAR CATTLE.AFTER RAISING ANGUS CATTLE FOR SEVERAL YEARS THE OLSON'S LEARNED ABOUT WATER BUFFALO IN THE  MID-80S AND BOUGHT A FEW.THEY LIKED THEM SO MUCH THEY BEGAN RAISING THEM  EXCLUSIVELY IN 1991 AND ESTABLISHED THE COUNTRY'S FIRST WATER BUFFALO DAIRY OPERATION.  AT IT'S PEAK, THEIR HERD NUMBERED AROUND 250. (1:11) WORD HAS SPREAD ABOUT THE RANCH AND HAS ATTRACTED TOUR GROUPS.  I DIDN'T EVEN KNOW IT WAS HERE. I HAD KNOWN THE OLSONS BUT I DIDN'T KNOW WHAT TO EXPECT BUT I THINK THE KIDS REALLY ENJOYED IT AND HOW DOCILE THESE  WERE COMPARED TO WHAT WE WERE EXPECTING. 1:40 THE BUFFALO'S CALM DEMEANOR AND LONGEVITY IS WHAT ATTRACTED THE OLSON'S TO THEM. NOW THEY  ARE SELLING SOME OF THEIR STOCK TO HELP ESTABLISH HERDS IN OTHER PARTS OF THE COUNTRY. THEY HAVE LONG LIVES, THEY HAVE A LOT OF CALVES SO FROM AN ECONOMIC STANDPOINT THAT'S REALLY  HELPED THE OPERATION. THEY'LL START CALVING USUALLY WHEN THEY'RE ABOUT THREE, SO IT'S NOT UNUSUAL TO HAVE 16 TO 18  CALVES PER ANIMAL'S LIFETIME. THE WORLD POPULATION OF BUFFALO IS ABOUT 182 MILLION AND YET WE ONLY HAVE 4 TO 5 THOUSAND AT  THE MOST HERE IN THE UNITED STATES.THE MEAT ITSELF IS VERY LOW IN CHOLESTEROL, LOWER THAN CHICKEN. IT'S LOW CALORIE, GOOD IN PROTEIN  AND IRON SO IT'S A WIN-WIN SITUATION. YOU KNOW, FARMING'S KIND OF A TOUGH BUSINESS. IT'S A LOW MARGIN BUSINESS, AND THE  BUFFALO GAVE US A LITTLE NICHE MARKET THAT WE DIDN'T HAVE WITH THE CATTLE.  IT WAS REALLY INTERESTING TO SEE HOW THEY WENT FROM CATTLE TO WATER BUFFALO AND THEY CHECKED THE WATER TO SEE IF THERE WAS ANYTHING ELSE THEY WERE INTERESTED IN DOING. BUT IT'S REALLY,  REALLY INTERESTING TO SEE THAT'S THERE SOMEONE OUT THERE SO CLOSE TO US DOING SOMETHING SO  NEAT OUT THERE THAT YOU DON'T REALLY THINK ABOUT.    THIS IS KEN MOORE REPORTING. WATER O MOZZARELLA CHEESE. THESE DAYS IT'S MORE  COMMONLY MADE IN THIS COUNTRY WITH MILK FROM DAIRY COWS. 

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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