AgDay Daily Recap - May 31, 2018

May 31, 2018 10:02 AM
 
AgDay

TODAY ON AGDAY
MAY 31, 2018

HEADLINES

THE 2018 WHEAT HARVEST BEGINS AND GROWERS IN LOUISIANA SAY ITS  PROVING TO BE A GOOD YEAR. IN AGRIBUSINESS...CORN PRICE POTENTIAL. THE BEEF HERD EXPANSION ENDS AS DROUGHT FORCES COWS TO TOWN. AND USING A WASTE PRODUCT TO IMPROVE FIELD FERTILITY. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

LOUISIANA WHEAT HARVEST
GOOD MORNING I'M CLINTON GRIFFITHS. WHILE NORTHERN FARMERS PUSH TO FINISH PLANTING AND SIDE DRESSING  SUMMER CROPS, IN THE SOUTH, WHEAT HARVEST IS NOW UNDERWAY.  ACCORDING TO THE LATEST CROP PROGRESS REPORT, IN TEXAS 20-PERCENT OF  THE CROP IS HARVESTED.   THAT'S SEVEN POINTS AHEAD OF THE FIVE YEAR AVERAGE. BUT IT'S A PRETTY ROUGH CROP. 54-PERCENT IS RATED POOR TO VERY POOR.  ANOTHER THIRD IS FAIR (28). WINTER WHEAT HARVEST ALSO GETTING UNDERWAY IN GEORGIA WITH ABOUT A  QUARTER OF THE FIELDS CUT. IT'S A COUPLE POINTS BEHIND AVERAGE. 48-PERCENT GOOD TO EXCELLENT. AND IN LOUISIANA - 44 PERCENT IS HARVESTED, WHICH IS WELL AHEAD OF AVERAGE. 70-PERCENT IN THAT STATE RATED IS GOOD TO EXCELLENT. LOUISIANA HAS SEEN A DRASTIC REDUCTION IN WHEAT ACRES BECAUSE OF LOW  YIELDS AND POOR QUALITY, PRIMARILY CAUSED BY SCAB DISEASE.  BUT THIS YEAR, DISEASE PRESSURE WAS VERY LOW, AND THOSE GROWERS WHO PLANTED WHEAT PRODUCED AN EXCELLENT CROP.  LSU AGCENTER'S CRAIG GAUTREAUX HAS DETAILS. JUST A FEW YEARS AGO, LOUISIANA FARMERS GREW NEARLY 300,000 ACRES OF WHEAT STATEWIDE.  BUT AFTER TWO CONSECUTIVE YEARS OF POOR RESULTS, MANY FARMERS OPTED NOT TO PLANT WHEAT  BECAUSE THE RISK WAS NOT WORTH THE REWARD. BOYD PADGETT: THERE WASN'T A WHOLE LOT OF ACREAGE TO BEGIN WITH. WE'RE DOWN EVEN FROM LAST  YEAR, FROM 20,000, DOWN TO AN ESTIMATED 15,000 ACRES OF WHEAT. THAT WOULD MAKE THIS YEAR'S CROP THE SMALLEST ON RECORD, BEATING THE RECORD LOW SET LAST  YEAR. BUT THIS YEAR WAS A DIFFERENT STORY FROM THE TWO PREVIOUS YEARS. PADGETT: IF YOU WERE A WHEAT PRODUCER THIS YEAR, YOU PROBABLY GOT YOUR MONEY'S WORTH. GOOD WEATHER AT PLANTING HELPED. A COOL WINTER STIMULATED GROWTH. AND DISEASE PRESSURE WAS VIRTUALLY NONEXISTENT. PADGETT: IN 30 YEARS OF WALKING WHEAT FIELDS, THIS IS THE LIGHTEST DISEASE I'VE EVER SEEN IN THE  STATE. OPTIMAL GROWING CONDITIONS ALLOWED FARMERS TO HARVEST ONE OF THE HIGHEST BUSHELS PER ACRE  YIELDS IN QUITE SOME TIME. PADGETT: WHAT'S OUT THERE REALLY HAS PERFORMED WELL. THE YIELDS I'M HEARING ARE UP IN THE 70S IN SOME PLACES. TEST WEIGHTS ARE HIGH, HIGH 50S, EVEN THE LOW 60S. WITH THIS CROP BEING SO SUCCESSFUL, PADGETT BELIEVES IT WILL SPUR MORE GROWERS TO PLANT NEXT  SEASON. PADGETT: WE HAD THE PERFECT GROWING SEASON, AND I'M HOPING WE PROBABLY WILL BE TRENDING  UP. I SUSPECT WE WILL. BECAUSE THE WEATHER WAS DRY, MANY PRODUCERS GOT THEIR WHEAT OUT QUICKLY, WHICH ALLOWED THEM TO PLANT SOYBEANS IMMEDIATELY AFTER THE WHEAT HARVEST. WITH THE LSU AGCENTER, THIS IS  CRAIG GAUTREAUX REPORTING.  

FARM GROUPS SUING EPA
THE ENVIRONMENTAL PROTECTION AGENCY IS NOW FACING A LAWSUIT FROM SEVERAL FARM GROUPS REGARDING THE R-F-S WAIVERS RECENTLY GRANTED.  THE LAWSUIT FILED IN U-S COURT OF APPEALS IS BY THE RENEWABLE FUELS  ASSOCIATION, NATIONAL CORN GROWERS ASSOCIATION, AMERICAN COALITION  FOR ETHANOL AND THE NATIONAL FARMERS UNION.  THE PLAINTIFFS CHALLENGE THAT THE EPA GRANTED WAIVERS TO REFINERIES  THAT WERE NOT SMALL. AND RECENT FINANCIAL DISCLOSURES REVEAL THAT  TWO OF THOSE COMPANIES THAT RECEIVED WAIVERS SAVED A COLLECTIVE 170 MILLION DOLLARS IN COMPLIANCE COSTS.  IN THE VERBAL JOUSTING MATCH BETWEEN THE U-S AND CHINA, CHINA'S  GOVERNMENT ACCUSING THE TRUMP ADMINISTRATION WEDNESDAY OF HURTING ITS CREDIBILITY BY ACTING ERRATICALLY ON TRADE. AND THE ASIAN NATION VOWED TO FIGHT BACK IF WASHINGTON GOES AHEAD WITH A THREATENED TARIFF HIKE. 

U.S.-CHINA TRADE RELATIONS
A FOREIGN MINISTRY SPOKESWOMAN COMPLAINED THE U-S DECISION TO RENEW  A THREAT TO RAISE DUTIES ON A 50 BILLION US DOLLAR-LIST OF CHINESE GOODS  CONFLICTS WITH AN AGREEMENT IN MID-MAY AIMED AT SETTLING THAT DISPUTE. THIS LATEST SPAT COMES AS COMMERCE SECRETARY WILBUR ROSS IS SCHEDULED TO VISIT BEIJING SATURDAY FOR MORE TALKS. BUT IT'S THE UNCERTAINTY SURROUNDING TRADE ADDING PRESSURE TO  COMMODITY MARKETS THIS WEEK.  I THINK THAT'S SOMETHING THAT SPARKED THIS WEEK'S SELLOFF. WE'VE BEEN BACK AND FORTH WITHT HIS  TRADE WAR AND AS RECENTLY AS LAST SUNDAY WE HAD A TRUCE, AND BOTH SIDES HAD AGREED THAT THESE TARIFFS WOULD BE NO MORE AND THAT TALKS WOULD BE ONGOING. SOT HE WHITE HOUSE GOING  BACK ON THEIR WORD AND SENDING THESE GRAIN MARKETS SHARPLY LOWER HERE THIS WEEK.VACLAVIK SAYS THE USDA CROP PROGRESS REPORT TUESDAY SHOWING THE SECOND BEST CORN CONDITION RATING ON RECORD ALSO ADDING TO THE  BEARISH TONE IN THE MARKET THIS WEEK.  

MPP DEADLINE
DAIRY PRODUCERS ONLY HAVE ONE MORE DAY TO SIGN UP FOR THE MARGIN  PROTECTION PROGRAM.  FARMERS HAVE UNTIL JUNE FIRST TO SELECT THEIR NEW M-P-P COVERAGE, AND  THE PROGRAM IS RETROACTIVE TO JANUARY OF 2018.  HOWEVER, SOME PRODUCERS ARE RELUCTANT TO SIGN UP FOR THE PROGRAM  AFTER BAD EXPERIENCES IN THE PAST.  HOWEVER, AMERICAN FARM BUREAU FEDERATION SAYS FOR MORE THAN 90  PERCENT OF FARMERS PREVIOUSLY ENROLLED IN THE PROGRAM, COVERAGE FOR 2018 IS GUARENTEED TO BE PROFITABLE. A CHANGE FROM THE PAST FOUR  YEARS WHERE THE PROGRAM OFFERED LITTLE FINANCIAL SUPPORT TO A  STRUGGLING DAIRY INDUSTRY.  THAT'S WHY NATIONAL MILK PRODUCERS FEDERATION IS ENCOURAGING PRODCUERS TO TAKE ANOTHER LOOK AT M-P-P. AND THE PROBLEM IS THAT THE PROGRAM WHEN IT WAS FIRST IMPLEMENTED 4 YEARS AGO,CONGRESS  WATERED DOWN SOME OF HTE ECONOMIC CALCULATIONS USED TO CALCULATE THE MARGIN BETWEEN  FEED COSTSA AND MILK PRICES, AND A LOT OF PEOPLE TRIED IT THE FIRST YEAR AND THEN IT DIDN'T  GENERATE ANY ECONOMIC ACTIVITY, SO THEY WALKED AWAY FROM IT ESSENTIALLY. SO NOW WE NEED TO  DO IS SAY, EVEN THOUGH IT LEFT A BAD TASTE IN YOUR MOUTH THE FIRST GO AROUND, YOU RELALY NEED TO  TAKE A SECOND LOOK AT IT. SO THAT'S THE SITUATION THIS YEARGALEN SAYS N-M-P-F IS WORKING ON OTHER ENHANCEMENTS IN THE NEXT FARM  BILL TO MAKE THE PROGRAM EVEN MORE AFFORDABLE AND ALLOW A BROADER RANGE OF COVERAGE.  

FARM BILL
ALSO ON THE FARM BILL FRONT, WHEN THE HOUSE RETURNS IT WILL BEGIN THE  PROCESS OF PREPPING FOR ANOTHER FARM BILL VOTE IN MID TO LATE JUNE. MEANWHILE SENATE MAJORITY LEADER MITCH MCCONNELL TELLING THE WALL  STREET JOURNAL THAT THE SENATE'S VERSION OF A FARM BILL DOES NOT HAVE TO INCLUDE TARGETED WORK REQUIREMENTS FOR SNAP BENEFITS. THE SENATE VERSION IS ALSO EXPECTED IN JUNE. MCCONNELL SAYING QUOTE "WE NEED TO HAVE A FARM BILL WITH OR WITHOUT  THE FOOD-STAMP WORK REQUIREMENTS."  

CROP COMMENTS
CINDI CLAWSON IN ONCE AGAIN FOR MIKE HOFFMAN TODAY. SHE HAS TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. WE CHECKED OUT SOME CROP COMMENTS ON AGWEB. A FARMER IN POLK  COUNTY, IOWA SAYS HE JUST FINISHED PLANTING SOYBEANS IN DUST AND 102 DEGREE TEMPS. IT'S BEEN IN THE 90'S ALL WEEK IN MUCH OF THE CORNBELT. AND WE HEARD FROM A CROP REPORTER IN SAINT CHARLES PARISH, LOUISIANA.   THESE COMMENTS WERE POSTED ON THE WEEKLY "NASS" REPORT PRIOR TO  TROPICAL STORM ALBERTO. BUT THE REPORTER SAID "DRY CONDITIONS IN  COMBINATION WITH HIGH SUMMER HEAT BEGINNING TO CAUSE PLANT STRESS  ON CROPS. SUGARCANE, SOYBEANS, AND PASTURE GRASSES EXHIBITING SLOW  GROWTH FOR THIS TIME OF YEAR.LET'S CHECK ON THAT WIND FORECAST FOR YOU AND IT LOOKS LIKE AS WE HEAD THROUGH THE NEXT 24 HOURS WE'LL SEE A LOT FROM THE GREAT LAKES DOWN INTO THE PLAINS. WE'RE WATCHING THE FOUR CORNERS REGION AS WE SEE SOME WINDY CONDITIONS THERE LATE IN THE DAY AND INTO TONIGHT AS WE HEAD INTO YOUR FRIDAY. WE'RE GOING TO START TO SEE THOSE WINDS PICKING UP ESPECIALLY IN THE NORTHERN AND CENTRAL PLAINS SO WE'LL KEEP AN EYE ON THAT FOR YOU. THAT'S A LOOK AT YOUR NATIONAL FORECAST. BUT FOR NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
WHEN WE COME BACK WE'LL LOOK AT CORN MARKET POTENTIAL GIVEN THE  CURRENT TRADE AND PLANTING ENVIRONMENT. AND LATER, TURNING A WASTE PRODUCT INTO SOIL FERTILITY SUPER FOOD. WE'RE OFF TO THE VOLUNTEER STATE TODAY ON IN THE COUNTRY. 

FLOOR OF THE CME
IN AGRIBUSINESS GRAINS TRADING SHARPLY IN THE RED WITH DECEMBER CORN  FUTURES ERASED ITS MAY'S GAINS IN TWO DAYS.  AND IT'S LIVESTOCK GOING GREEN MID-WEEK. LETS GET SOME PERSPECTIVE FROM OUR FRIENDS ON THE FLOOR OF THE CME  IN CHICAGO. LIMIT UP MARKETS IN THE LIVE CATTLE HERE TODAY AND THE FEEDER CATTLE ALSO VERY STRONG. MEANWHILE THE HOGS ARE ALSO HAVING A PRETTY STRONG DAY THOUGH LIVE CATTLE MARKET BEING LED TO HIGHER BY THE CASH MARKET THE WHOLESALE PRICES ARE SIGNIFICANTLY HIGHER TODAY AND THAT'S REALLY LED TO SOME BUYING INTEREST IN THE LIVE CATTLE. ALSO THE WEATHER HAS AS WELL. IT'S BEEN VERY HOT AND DRY OUT IN THE OUT AND THE GREAT PLAINS AGAIN AND THAT'S BRINGING SOME IDEAS THAT WE'RE THERE WE'RE SEEING SOME STRESS TO CATTLE GRAIN MARKETS HAVE BEEN GENERALLY LOWER HERE TODAY AS THEY SHOULD. AT SAMIH THE MARKETS REALLY REACTING TO SOME RAINS HERE IN THE EASTERN MIDWEST FROM THE MISSISSIPPI RIVER TO THE EAST. THERE'S SOME GOOD RAINS MOVING THROUGH VIRK RAPTOR REALLY NEEDS IT. BUT ALSO TO THE CROP CONDITION RATINGS ESPECIALLY FOR CORN THAT SHOWED SOME REALLY TOP CONDITION CONDITION FOR CORN. THE GOOD THE ACTUAL WRITING JUST ABOUT AS HIGH DOES START OFF OUR GROWING SEASON AS ANYBODY CAN REMEMBER. SO DEFINITELY A REASON TO BE SELLING THE MARKET DOWN THE THE OUTSIDE MARKETS THE DOLLAR AND THINGS LIKE THAT. EVEN THOUGH THE DOLLAR IS LOWER THAT IT DOESN'T SEEM TO BE REALLY PLAYING MUCH OF AN EFFECT ON THE MARKET. THANKS VERY MUCH. THIS IS JACK'S SCOVILLE VICE PRESIDENT OF PRICE FUTURES GROUP HERE IN THE CME GROUP FLOOR WITH SOME COMMENTS FOR THE MARKETS TODAY.

AGRIBUSINESS
CORN IS ALL BUT PLANTED AND WHILE PRODUCERS WATCH THE WEATHER, PRICE  POTENTIAL CONTINUES TO BE HOT TOPIC OF CONVERSATION. THAT'S WHERE TYNE MORGAN PICKS THINGS UP IN TODAY'S ANALYSIS FROM THE  ROAD. HERE NOW WITH MIKE NORTH A COMMODITY RISK MANAGEMENT GROUP MIKE. LOOKING AT THESE  CORN PRICES REALLY WHAT IS IT GOING TO TAKE TO LIFT THE LID. WHAT IS IT GOING TO TAKE FOR US TO  MOVE CORN PRICES HIGHER. WELL WE'VE GOT THE CROP BASICALLY IN THE GROUND 81 PERCENT PLANTED.  NOW WE'VE GOT A PRETTY GOOD COMFORT WITH WHERE WE ARE IN TERMS OF OUR CROP AS WE MOVE INTO THE SUMMER I THINK THE BIG THING THAT'S GOING TO PUSH IT IS GOING TO BE WEATHER AND THAT'S  NOT JUST GOING TO BE NORTH AMERICAN THAT'S GOING TO BE SULFA AMERICAN WEATHER. HOW IS THAT  SUFFERING A CROP PERFORMING. WHAT IS OUR CROP LOOK LIKE. IS IT UNDER STRESS. WE'VE GOT ENOUGH  TALK OF DEMAND GOING RIGHT NOW. WE CAN'T AFFORD ANY SUPPLY SNAFU. SO WEATHER IS GOING TO BE  YOUR YOUR BIG FUNDAMENTAL THAT WILL PUSH THE MARKET. BUT LET'S NOT OVERLOOK THE FUNDS THE FUNDS HAVE A LOT OF ROOM TO BE ABLE TO ADD TO THEIR POSITION AND TO CONTINUE TO PUSH PRICES  HIGHER IF THEY PERCEIVE THAT THERE ARE SOME GREAT THINGS HAPPENING IN THE MARKET. MIKE  WHEN I TALK TO SOME ECONOMISTS AND ANALYSTS EARLIER IN THE YEAR AND WE TALKED ABOUT CORN PRICES THEY SAID REALLY WHAT NEEDS TO HAPPEN IS MAYBE WE NEED MORE DOMESTIC DEMAND.AND WE NEED POSSIBLY MORE CORN TO GO TO CHINA. WELL WE POSSIBLY HAVE A FRAMEWORK WITH  CHINA IN PLACE AND WE POSSIBLY HAVE THE ADMINISTRATION SUPPORTING E15.  IS THAT ENOUGH TO  REALLY MOVE PRICES CONSIDERABLY HIGHER. IT IS NOW THAT WE'VE GOT RID TWO MILLION ACRES. WE'LL SEE WHAT THE GOVERNMENT DOES WITH THAT IN JUNE AND THEN IF WEATHER STEPS IN AND PLAYS WITH  THE YIELD AT ALL THOSE COMBINATION OF THINGS ARE ENOUGH TO MOVE PRICES HIGHER 450 WOULD BE  A GOOD NUMBER IF ALL OF THAT CAME TOGETHER AND POSSIBLY BEYOND. THERE IS ROOM FOR IT TO GO BEYOND 450 AND TEST LEVELS LIKE 480 OR FIVE DOLLARS IF THE RIGHT COMBINATION OF THINGS TAKE  PLACE. ALL RIGHT MIKE NORTH THE COMMODITY RISK MANAGEMENT GROUP THANK YOU SO MUCH FOR  JOINING US. STAY WITH US. WE NEED TO TAKE A QUICK BREAK HERE ON AG DAY AND THEN WE'LL HAVE MUCH MORE.

WEATHER
WELCOME BACK TO AGDAY HERE WITH CINDY CLAWSON LOOKING AT THE WEATHER MAP AND CINDY ALBERTO MOVED THROUGH PRETTY QUICKLY. BUT NOW IT'S LIKE WHAT'S NEXT WHAT ARE WE EXPECTING FOR WEATHER. WHAT'S NEXT. WELL A LOT OF FOLKS ARE GOING TO BE APPRECIATING SOME COOLER AND DRIER AIR AS WE GET INTO THE WEEKEND ESPECIALLY IN THE EASTERN PARTS OF THE CORN BELTS THAT HAVEN'T QUITE SEEN THE COOLER AIR JUST YET. LET'S TAKE A LOOK AT THE MAP. THE REMNANTS OF SUBTROPICAL STORM ALBERTO JUST KIND OF PHASED WITH THIS NORTHERN SYSTEM SO AS WE HEAD THROUGH THE DAY TODAY WE'LL SEE SOME MOISTURE ESPECIALLY IN THE EASTERN PART OF THE COUNTRY AROUND THE LOW AND WE'VE GOT SOME JUST UNSETTLED WEATHER IN THE SOUTHEAST. WE'VE GOT THIS COLD FRONT COMING THROUGH. IT'S STILL GOING TO BE WARM FOR A LOT OF THE EASTERN CORN BELT TODAY AND STILL HUMID BUT EVENTUALLY WE'RE GOING TO SEE SOME COOLER AIR ESPECIALLY LATER ON FRIDAY. WE HAVE A FRONT THAT'S DRAPED INTO THE NORTHWEST WE'LL SEE SOME MOISTURE THERE SOME SHOWERS AND SOME THUNDERSTORMS. NOTICE HOW THINGS KIND OF START TO PHASE A LITTLE BIT IN THE EASTERN PART OF THE COUNTRY SO WE STILL HAVE A COUPLE OF FRONTS THERE SO THAT WILL HELP TO FOCUS SOME SHOWERS AND SOME THUNDERSTORMS. ONCE THIS FRONT SINKS FURTHER TO THE SOUTH THAT'S WHEN WE REALLY START TO SEE THE COOLER AND DRIER AIR COMING IN ESPECIALLY BEHIND THAT FRONT. LATER ON IN THE DAY AS WE GET INTO LATER ON FRIDAY WE'LL START TO SEE ANOTHER SYSTEM ENTERING THE NORTHERN PLAINS STATES. NOW PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS A LOT OF THIS HAS BEEN FROM ALBERTO EVEN GOING UP INTO THE GREAT LAKES SUCKING A LITTLE MOISTURE OUT OF LAKE MICHIGAN AS IT DID. AND AS WE HEAD INTO THE NEXT 24 HOURS YOU COULD SEE EVERYTHING KIND OF MOVES ON OFF TO THE EAST AND YOU'LL SEE THAT SYSTEM STARTING TO APPROACH THE PLAINS STATES AS WELL. WHAT ABOUT THOSE TEMPERATURES STILL HOT. WE'RE LOOKING AT UPPER 80S A LOT OF 90S IN THE NATION'S MIDSECTION. SOME COOLER 60S AS YOU GET OFF INTO THE NORTHWESTERN UNITED STATES. BUT WATCH WHAT HAPPENS AS WE GET INTO YOUR FRIDAY FORECAST TEMPERATURES STILL ON THE MUGGY AND WARM SIDE AS WE HEAD INTO THE OVERNIGHT HOURS FOR A LOT OF THE NATION EXCEPT FOR THE PACIFIC NORTHWEST. BUT FRIDAY'S HIGH TEMPERATURES WILL BE A LITTLE COOLER YOU START TO SEE THAT COLD FRONT SINKING ON DOWN SOUTH. IT'S STILL GOING TO BE QUITE HOT THOUGH ESPECIALLY IN THE SOUTHERN PLAINS HEADING INTO YOUR JET STREAM FORECAST RIDGE STARTING TO MOVE OFF THERE BUT IT JUST KIND OF REINFORCED BY SECONDARY RIDGE. SO WE'RE GOING TO BE SEEING WARM TEMPERATURES FOR THE MOST PART THOUGH IT DOES EVEN OUT A LITTLE BIT ESPECIALLY IN ALONG THE NORTHERN TIER OF STATES LOOKS LIKE WE'VE GOT ANOTHER TROUGH COMING IN LATER ON AS WE GET INTO NEXT WEEK. THAT'S A LOOK AT YOUR NATIONAL FORECAST. NOW LET'S CHECK OUT THE WEATHER WHERE YOU LIVE. FORT BENTON MONTANA COOLER WITH SHOWERS AND THUNDERSTORMS FOR YOU TODAY AND A HIGH OF 69 DEGREES. JASPER TEXAS MOSTLY SUNNY AND HOT WITH A HIGH OF 94 DEGREES. AND MARK MOUNT CARMEL PENNSYLVANIA. SHOWERS AND THUNDERSTORMS WITH A HIGH OF 71.

TEASE
UP NEXT WE'LL LOOK AT THE CATTLE INDUSTRY WITH OUR CORPORATE  PARTNERS OVER AT DROVERS.  AND SOIL FERTILITY SOLUTIONS FROM TENNESSEE NEXT. I'M CHARLES DENNEY. THIS MATERIAL COULD HAVE GONE INTO A LANDFILL.  INSTEAD IT'S BEEN SPREAD ON TN ROW CROP LAND TO IMPROVE SOIL FERTILITY.  THAT STORY FROM JACKSON, TENNESSEE COMING UP ON AGDAY.

DROVERS TV
IN NEWS FROM OUR PARTNERS AT DROVERS - U-S BEEF COW SLAUGHTER  INCREASED 10% THROUGH MID-APRIL.  ANALYSTS SAY IT'S DUE IN PART TO FORCED HERD LIQUIDATIONS STEMMING  FROM DROUGHT IN THE SOUTHERN CENTRAL PLAINS.  THE INCREASES IN COW SLAUGHTER ALSO INDICATE THE CURRENT EXPANSION  PHASE OF THE CATTLE CYCLE HAS ENDED. "THE RISE IN COW SLAUGHTER COMES AT A TIME WHEN  FED STEER AND HEIFER SLAUGHTER HAS REACHED ITS HIGHEST LEVEL IN FIVE  YEARS, AND LAST WEEK'S CATTLE ON FEED REPORT FOUND 5% MORE CATTLE IN  FEEDLOTS THAN LAST YEAR. THAT MEANS TOTAL BEEF PRODUCTION IS ON PACE  TO INCREASE 7.5% DURING THE SECOND QUARTER, WITH A TOTAL 2018 INCREASE  OF NEARLY 5%. DRY WEATHER AND LIMITED WINTER GRAZING PUSHED CATTLE TO FEEDLOTS  EARLY, WHICH WILL CAUSE DISRUPTIONS IN THE FED CATTLE MARKETING RATE  THROUGH AUGUST, AND REDUCE THE NUMBER OF CATTLE HARVESTED THIS FALL. HENDERSON SAYS, IN THE NEAR-TERM, INCREASING BEEF SUPPLIES WILL  CONTINUE TO PRESSURE A FED CATTLE MARKET THAT HAS SLIPPED $10 PER HUNDREDWEIGHT THE PAST TWO WEEKS. HE SAYS THE SILVER LINING IS THAT PACKER MARGINS ARE SOMEWHERE  BETWEEN $200 AND $300 PER HEAD, WHICH SHOULD ENCOURAGE AGGRESSIVE  BUYING.  HAMBURGERS MAY HELP PAVE THE PATH TO PEACE WITH PYONGYANG. NEWS REPORTS WEDNESDAY INDICATING THAT NORTH KOREAN LEADER KIM  JONG UN MAY OFFER TO OPEN A WESTERN HAMBURGER FRANCHISE AS A SHOW  OF GOODWILL. THE REPORT CITES U.S. SECURITY OFFICIALS THAT SUGGEST KIM MAY BE LESS  ANXIOUS TO ELIMINATE ALL OF ITS NUCLEAR WEAPONS BUT AS A PEACEFUL GESTURE, MAY OFFER A BURGER COMPRISE--KNOWING PRESIDENT TRUMP'S  AFFINITY FOR BEEF. NOW TO THE DAIRY-SIDE....OUR PARTNER AT FARM JOURNAL'S MILK IS  REPORTING DEAN FOODS CONTINUES TO STRUGGLE IN THE MARKETPLACE. THE COMPANY RECENTLY ANNOUNCING PLANS TO CLOSE TWO PROCESSING  PLANTS - ONE IN PENNSYLVANIA, THE OTHER IN MASSACHUSETTS. AS YOU MAY REMEMBER EARLIER THIS YEAR DEANS NOTIFIED MORE THAN 100  PRODUCERS THAT THEIR MILK CONTRACTS WERE TO BE TERMINATED BY MAY 31.  HAVING TERMINATED THOSE CONTRACTS, DEAN FOODS SAY MORE  CONSOLIDATION COULD OCCUR OVER THE NEXT 18 MONTHS. FARM JOURNAL'S MILK AS MANY AS SEVEN ADDITIONAL PLANTS HAVE BEEN  RUMORED TO BE TARGETED, ALTHOUGH THERE'S BEEN NO OFFICIAL WORD FROM DEANS. 

TEASE
ARIGHT, WHEN WE COME BACK, FINDING NEW WAYS TO IMPROVE SOIL FERTILITY  USING A WASTE PRODUCT...A LOOK AT BIO-CHAR AFTER THE BREAK. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE. VISIT KUBOTA.COM TODAY.A SOURCE OF WASTE ONCE DESTINED FOR A LANDFILL COULD SOON ENHANCE  TENNESSEE FARMLAND AND ROW CROPS. UT'S INSTITUTE OF AGRICULTURE IS SPREADING THE PRODUCT "BIOCHAR" ON  FIELDS IN A SPECIAL EXPERIMENT. IN THIS VIDEO PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE CHARLES  DENNEY SHOWS HOW THIS PRODUCT COULD IMPROVE SOIL FERTILITY. JACKSON, TENNESSEE IS A LONG WAY FROM THE OCEAN. BUT YOU'D NEVER KNOW IT LOOKING AT  WHAT SOIL SCIENTIST FORBES WALKER IS DIGGING UP. THIS FIELD IS PRETTY MUCH SOLID SAND, DEPOSITED FROM A NEARBY CREEK DURING FLOODING. SAND  ZAPS SOIL NUTRIENTS AND HURTS CROP YIELD. (NAT) BUT HELP IS COMING IN THE FORM OF THIS SUBSTANCE.BIOCHAR IS BEING SPREAD ON FIELDS AT UT'S  AGRESEARCH CENTER - WITH HOPES OF IMPROVING SOIL FERTILITY. (FORBES WALKER) "WHAT WE'RE TRYING TO DO IS AMEND THE SAND DEPOSITS WITH BIOCHAR, INCREASE  THE WATER HOLDING CAPACITY THEREBY INCREASE THE POTENTIAL FOR THE CROPS TO GROW. THEN WE'LL BE  FOLLOWING THESE THINGS OVER TIME, AND WE SHOULD SEE ORGANIC MATTER BUILD UP." CHARLES DENNEY) "THIS IS WHERE UT AGRESEARCH STORES A LARGE SUPPLY OF BIOCHAR. IT GETS ITS NAME BECAUSE IT LOOKS LIKE CHARCOAL – AND IS RICH IN CARBON AND OTHER NUTRIENTS." CLEAN ENERGY AND BIOCHAR ARE MADE AT THIS LEBANON PLANT, WHERE A GASIFICATION PROCESS  CREATES THE SUBSTANCE FROM MATERIALS THAT WOULD HAVE GONE INTO A LANDFILL. BIOCHAR CAN BE MADE FROM TIRES, BIO-SOLID WASTE, AND WOOD PRODUCTS. (DAVID MERCKER) "IN TENNESSEE AND INDEED SOUTH WIDE WE ARE CONSTANTLY LOOKING FOR NEW  MARKETS FOR WOOD PRODUCTS, PARTICULARLY THE LOWER GRADE PRODUCTS. IN OTHER WORDS, HARDWOOD  TIMBER THAT'S DIFFICULT TO SELL ON THE OPEN MARKET. AND SO BIOCHAR IS A POTENTIAL SOLUTION FOR THAT." BACK ON THE KNOXVILLE AG CAMPUS, PH.D CANDIDATE NASTARAN BASIRI JAHROMI CONDUCTS  RESEARCH INTO MIXING BIOCHAR WITH PINE BARK, SORT OF MULCH ON STEROIDS. SHE THEN PUT THE SUBSTANCE ON GREENHOUSE PLANTS LIKE HYDRANGEAS. (NASTARAN BASIRI JAHROMI)  "BIOCHAR HELPED THE HYDRANGEA PLANTS AND REDUCED WATER CONSUMPTION BY AT LEAST ONE THIRD.  AND IT ALSO REDUCED THE AMOUNTING OF LEECHING, THE WATER THAT COMES OUT OF THE POTS. SO BY  REDUCING THE LEECHING, IT ALSO REDUCES THE NUTRIENT LOSSES." UTIA WILL PUT TONS OF BIOCHAR ON TENNESSEE LAND, GROW CROPS THERE, AND MEASURE THE YIELDS.  BUT BEFORE PLANTING THESE FIELDS GET A RENOVATION. SPREAD THE LOVE, AND THE NUTRIENTS. THIS IS  CHARLES DENNEY REPORTING.

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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