AgDay Daily Recap -November 17, 2016

September 1, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 17, 2016


HEADLINES
COMING UP TODAY ON AGDAY - IT'S A SPUTTERING AG ECONOMY BUT LENDERS  SAY ITS NOT TIME TO WORRY JUST YET. IN AGRIBUSINESS...LOOKING TO SOUTH AMERICA.AND LONG TERM ALL THAT DOES IS MAKE THEIR PRODUCT CHEAPER TO THE REST OF THE WORLD AND FURTHER PUTS THE UNITED STATES AT A BIGGER PREMIUM TO SOUTH AMERICAN PRODUCTION ON DROVERS TV GOOD WEATHER MAY PUT ADDED PRESSURE ON CATTLE MARKETS. AND SEE HOW A COMMON TOILETRY MAY HELP THIS YOUNG ALLERGY SUFFERER RETURN TO THE FARM. "IT'S SAD BECAUSE HE CRIES A LOT TO ME AND TO HIS DAD BECAUSE HE CAN'T GO OUT IN THE TRACTOR."  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

LACK OF DELINQUENT LOAN PAYMENTS
GOOD MORNING I'M CLINTON GRIFFITHS. THE VALUE OF THE U.S. DOLLAR  CONTINUES TO GROW IN STRENGTH. ON WEDNESDAY IT HIT A 14-YEAR HIGH.   THAT GROWTH CAN CREATE STRONGER HEADWINDS THAT FARMERS WILL FACE. A STRONGER DOLLAR MAKES U-S GRAINS AND OTHER COMMODITIES MORE  EXPENSIVE FOR FOREIGN BUYERS. THIS IS JUST THE LATEST CHALLENGE FOR FARMERS WHO ARE ALREADY  DEALING WITH LOW GRAIN PRICES. HOWEVER SOME FARM LENDERS ARE NOT REPORTING AS MANY DELINQUENT  LOAN PAYMENTS AS SOME HAD FEARED. TYNE MORGAN HAS DETAILS FROM THE AMERICAN BANKERS ASSOCIATION CONFERENCE. THANKS, CLINTON. 2016 HAS BEEN AN INTERESTING YEAR IN AGRICULTURE. BUT  NOW THAT PRODUCERS AND AG BANKERS ARE SHIFTING THEIR MINDSET TO 2017,  CONVERSATIONS WILL BE EVEN TOUGHER HEADING INTO THE NEW YEAR.  "THE OVERALL HEALTH OF THE AG ECONOMY, I WOULD SAY CAN BE SUMMED UP WITH ONE WORD:  CAUTION.  I THINK PRODUCERS ARE GETTING BACK TO REALLY LOOKING AT HT EPROFITIBIALITY EFFECT ON THEIR MANAGEMENT DECISIONS. THAT'S A POSITIVE. WE NEEDED TO SEE THAT COME BACK INTO PLAY."  HOSKINS SAYS THERE IS A LEVEL OF CONCERN GOING INTO 2017, AS ABOUT 25  PERCENT OF PRODUCERS ARE EXPERIENCING NEGATIVE CASH FLOWS THIS  YEAR. FARMERMAC, A GROUP THAT PARNTERS WITH RURAL LENDERS, SAYS WHILE IT'S  NOT A TIME OF PROSPERITY, WE'RE AREN'T SEE A COMPLETE COLLAPSE OF THE  AG ECONOMY LIKE THE  1970S OR 80S.  "WHERE THE CURRENT INCOME LEVELS ARE SHAKING OUT, WE'VE EXPERIENCED NOT TOO LONG AGO,  MAYBE THE EARLY 2000S. SO IT'S NOT LIKE WE'RE WAY OUT OF THE REALM OF EXPERIENCES OF WHAWT THEY'RE EXPERIENCING TODAY. THEY'VE EXPERIENCED THESE EVELS BEFORE, JJUST NOT IN THE LAST 10 YEARS. " HE SAYS ONE IMPRESSIVE STAT IS LOAN REPAYMENTS.  "EVERYONE EXPECTED IT TO BE MORE OF  A RESPONSE IN TERMS OF DELINQUENCIES AND ALL THOE TYPES  OF THINGS AND WE JUST HAVNE'T SEEN IT .AND I THINK THAT SPEAKS VERY LOUDLY TO HOW MUCH  FINANCIAL STRENGTH FARMERS HAD BUILT UP DURING THE GOOD YEAR,S HOW MUCH THEY SAVED, HOW  MUCH LIQUIDITY THEY HAD ON THE FARM. SO THEY'VE SURPRISED US ALL ALREADY SO IT WOULDN'T  SURPROISE ME IF 2017 TURNED OUT BETTER HTAN WE KIND OF EXPETED. WE ALWAYS PREPARE FOR HT EWORST AND HOEP FOR THE BEST.> THERE WAS AN UPTICK IN THE FARM CREDIT SYSTEM AND AG BANKERS'  DELINQUECY NUMBERS, BUT HE SAYS IT'S BEEN SMALL COMPARED TO PRIOR  ERAS OF SIMILAR ECONOMIC DOWNTURNS.  ANOTHER BRIGHT SPOT OF TODAY'S SITUATION IS THE LESSONS IT WILL TEACH  YOUNGER FARMERS IN WEATHERING SEVERE ECONOMIC HEADWINDS.  I THINK LONGTERM THIS COULD BE A POSITIVE THING FOR BEGINNING FAMRER BECAUSE IF EVEROYNOE COULD GO INTO FARMING AND MAKE MONEY EVERY YEAR, IT WOULD BE A WHOLE DIFFERENT BALLGAME.  BUT I THINK THAT LENDERS AND THE FARM SERVIE AGENCY WILL BE WILLING TO WORK WITH THESE  CUSTOMERS BECAUSE THEY'RE THE FUTURE OF AGIRULTURE AND I THINK IT'S GOING OT COME DOWN TO THE  BEGINNING FAMRE AND HOW LONG THEY'RE WILLING TO SITCK IT OUT AND HOW LONG THEY'RE WILLING TO GO  TO BE A SURVIVOR IN THIS BUSINESS."> CLINTON, THE TONE AT THE NATIONAL AGRICULTURAL BANKERS CONFERENCE IS  CAUTIOUS, BUT LENDERS ARE STRESSING THE NEED FOR COMMUNICATION WITH  ALL PARNTERS OF YOUR FARM. THAT'S EVERYONE FROM LENDERS TO INPUT  PROVIDERS. REPORTING FROM INDIANAPOLIS, I'M TYNE MORGAN FOR AGDAY.    TACKICH SAYS FARMERS GOT SOME HELP FROM LOWER FUEL COSTS THIS YEAR.  BUT HE DOESN'T EXPECT THAT TO BE THE CASE IN 2017.

CRUDE OIL STOCKS
MEANWHILE U.S. CRUDE OIL STOCKS SURGING BY 3.6 MILLION BARRELS LAST  WEEK.WHEN IT COMES TO DOMESTIC OIL PRODUCTION - THE PERMIAN BASIN IN WEST  TEXAS AND EASTERN NEW MEXICO - LEADS THE WAY. AND IT APPEARS IT MAY GET  MUCH LARGER.THE ENERGY INFORMATION ADMINISTRATION SAYS THE PERMIAN PRODUCES  ABOUT TWO MILLION BARRELS A DAY.  IT NOW HOLDS NEARLY AS MANY ACTIVE OIL RIGS AS THE REST OF THE UNITED  STATES COMBINED. AND THIS MORNING...WORD OF NEW DISCOVERY IN THE PERMIAN--A RESERVE  HOLDING SOMEWHERE BETWEEN 20 AND 75 BILLION BARRELS OF OIL--MAKING  THAT BASIN SECOND IN SIZE BEHIND SAUDI ARABIA. THE OIL ESTIMATED AT SOME 900 BILLION DOLLARS IN TODAY'S MONEY.

BAYER FUNDING MONSANTO ACQUISITION
THE DOW JONES IS REPORTING, BAYER IS TAKING STEPS TO FUND IT'S  ACQUISITION OF MONSANTO. THE COMPANY PUTTING UP MORE THAN 4 BILLION DOLLARS IN CONVERTIBLE  NOTES. ITS BID OF 57 BILLION DOLLARS IS A STEEP CLIMB ALTHOUGH THE COMPANY IS  CONFIDENT. BAYER SAYS IT EXPECTS TO CLOSE THE DEAL IN 2017. ITS PLANNING TO SUBMIT APPLICATIONS TO REGULATORY AUTHORITIES VERY  SOON.

EPA RESCHEDULING GLYPHOSATE MEETING
SPEAKING OF MONSANTO THE EPA HAS RESCHEDULED A PANEL MEETING ON THE  CARCINOGENIC POTENTIAL OF GLYPHOSATE. THE AGENCY INTENDED TO HOLD THE GATHERING IN OCTOBER BUT POSTPONED  IT AFTER AG COMPANIES QUESTIONED SOME OF THE PANEL SELECTIONS. EPA SAYS IT'S ADDED FOUR NEW MEMBERS TO THE SCIENTIFIC ADVISORY PANEL  AND DROPPED ONE.

CROP COMMENTS
"CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM  DOW AGROSCIENCES." LET'S GET YOUR FIRST GLANCE AT FARM COUNTRY WEATHER. WE TURN TO MIKE  HOFFMAN. GOOD MORNING, CLINTON.  TODAY'S CROP COMMENT IS FROM LANSING, MICHIGAN. ROBERT REESE IS MAKING A LITTLE ROOM IN THE BIN SO HE CAN FINISH  HARVEST 2016. USDA SAYS 70 PERCENT OF THE STATE'S CORN AND 86 PERCENT OF SOYBEANS ARE OUT OF THE GROUND. BOTH ARE BEHIND THE 5-YEAR-AVERAGE. AND IN ST. JOSEPH COUNTY, INDIANA - THIS FARMER IS BRINGING IN THE REMAINING FEW ACRES STILL STANDING IN THE STATE. “NASS" SAYS 94-PERCENT OF INDIANA CORN IS NOW HARVESTED. BY THE WAY, THAT'S CLINTON'S LITTLE BOY WHO'S ENJOYING THE BEAUTIFUL FALL WEATHER. AND TAKING A LOOK AT THE WEATHER MAP TODAY YOU CAN SEE A HIGH PRESSURE DOMINATING MOST OF THE EAST BUT THE BIG STORM SYSTEM SNOW STORM HEADING FOR THE NORTHERN PLAINS WE’LL TALK ABOUT THAT AND HAVE YOUR FORECAST BUT FIRST HERE ARE SOME HOMETOWN TEMPS

TEASE
WHEN WE COME BACK WE'LL LOOK AT THE COMPETITION IN SOUTH AMERICA AND HOW IT COULD TRANSLATE TO MARKET MOVES HERE AT HOME. AND LATER, GOOD FALL WEATHER MAY NOT HELP CATTLE MARKETS TO CLIMB  OFF RECENT LOWS. AND THIS LITTLE FELLA LOVES TO FARM - BUT ALLERGIES OFTEN KEEP HIM  INDOORS. FIND OUT HOW DENTAL HYGIENE COULD GET HIM OUTDOORS ONCE AGAIN. ENTER FOR YOUR CHANCE TO WIN TWO REGISTRATIONS TO THE TOP PRODUCER SEMINAR - JANUARY 24TH THROUGH THE 27TH IN CHICAGO. PACKAGE INCLUDES A THREE-NIGHT HOTEL STAY, PLUS A TWO-HUNDRED DOLLAR  VISA GIFT CARD!  GO TO TOPPRODUCERSEMINAR.COM/SWEEPSTAKES.  

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE- BY-SIDES.  YAMAHA - REAL WORLD TOUGH. IN AGRIBUSINESS ANOTHER MIXED DAY FOR GRAINS WHILE LIVESTOCK SEE  GREEN. LETS GET DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. OUR PARTNERS AT PROFARMER RELEASING THE LATEST ESTIMATES FROM  SOUTH AMERICAN CROP CONSULTANT  MICHAEL COR-DOAN-EE-AIR. HE'S TRIMMING HIS ARGENTINA SOYBEAN CROP BY 2 MILLION METRIC TONS. SO FAR JUST 11 PERCENT OF THE SOYBEANS ARE PLANTED--9 POINTS BEHIND  LAST YEAR. BOTH SOYBEANS AND CORN FARMERS ARE STRUGGLING TO DEAL WITH RECENT  FLOODS IN BRAZIL HE SAYS FULL-SEASON CORN IS ABOUT 75% COMPLETE AND IS IN  GOOD CONDITION.

AGRIBUSINESS
JAROD CREED WITH GAVILON, OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. JAROD,WE'VE BEEN  TALKING ABOUT OUR OWN CROPS AND OUR HARVEST COMING OUT OF THE FIELD BUT I THINK IT'S TIME IN IN  THE MARKET SEEMS TO BE SHIFTING FOCUS NOW TO SOUTH AMERICA. WHAT DO WE SEE HAPPENING  DOWN THERE? SURE, WELL I LIKE TO LOOK BACK AT IT LAST YEAR A LITTLE BIT.  WE HAD SIGNIFICANT WEATHER ISSUES, LACK OF MOISTURE ON THE CORN CROP IN BRAZIL, TOO MUCH  MOISTURE ON ARGENTINE SOYBEAN CROP AND THAT DEFINITELY SHIFTED THE DYNAMICS OF WORLD GRAIN  TRADE AND BROUGHT SIGNIFICANT NEW BUSINESS TO THE UNITED STATES BASED UPON A SHORTFALL IN  PRODUCTION. NOW YOU FAST FORWARD TO THIS YEAR. THEY'RE OFF TO A GOOD START. WE HAVE RECORD PLANTING  PROGRESS REPORTED TO US. WE'RE EXPECTING ROUGHLY 30 MILLION METRIC TONS MORE CORN OUT OF  SOUTH AMERICA THAN LAST YEAR. ROUGHLY 7 MILLION METRIC TON MORE SOYBEANS.  SOYBEANS IS PROBABLY THE BIGGEST STORY RIGHT NOW BETWEEN ARGENTINA AND BRAZIL, WE'RE  LOOKING TO HAVE ROUGHLY 160 MILLION TON CROP. NOW, GIVEN THAT THEY MEET THOSE NUMBERS. THE ISSUE THAT IT BRINGS BACK TO UNITED STATES IS HIS COMPETITION WITHIN THE WORLD GRAIN TRADE.  NOW THEY'RE AT A FORTY TO FIFTY CENT DISCOUNT TO UNITED STATES ALREADY FOR THE SPRING MONTHS. THE  PROBLEM MAY BE THAT IF THEY MEET A TREND CROP IN CURRENCY CONTINUES TO MOVE, HOW IT HAS, THE ROYAL HAS DRASTICALLY WEAKENED OVER THE LAST 48 HOURS GIVING THE SOUTH AMERICAN FARMER NEAR OR RECORD PRICES. SO AS THE FARMER CONTINUES TO SELL  INTO THESE RECORD PRICES, IT PUTS POTENTIAL PRESSURE ON THEIR DOMESTIC MARKET AND LONG TERM,  ALL THAT DOES MAKE THEIR PRODUCTS CHEAPER TO THE REST OF THE WORLD. FURTHER PUTS UNITED STATES SAID A BIGGER PREMIUM TO SOUTH AMERICAN PRODUCTION. SO, IF YOU'RE A FARMER, HOW DO YOU HANDLE THAT?  WELL, LOOKING AT THE TWO DIFFER SCOPES, LOOKING AT OLD CROP SOYBEANS, I THINK RIGHT NOW FOR  MOST, IT'S JUST YIELD TIMES PRICE. MAKE SURE THAT REVENUE PER ACRE AS PROFITABLE THIS YEAR. TWO  THOUSAND SEVENTEEN, IT'S ALL ABOUT MAKING A PLAN RIGHT NOW AND MAKING SURE WE EXECUTE THAT  PLAN WHEN FURTHER VOLITALITY COMES ALONG. ALRIGHT, APPRECIATE IT JAROD. WE'LL BE BACK WITH MORE  AGDAY IN A MOMENT.  YOU'RE A FARMER.  AND YOU ARE RELENTLESS.  WE'RE RELENTLESS TOO.   VISIT MYCOGEN-DOT-COM, OR YOUR LOCAL MYCOGEN SEEDS DEALER TO LEARN  MORE ABOUT OUR RELENTLESS DEDICATION TO YOU.  "THE DOLLAR'S OFF AND RUNNING. WHAT'S IT MEAN TO THE GRAIN MARKETS?  WE'LL TALK ABOUT IT IN THE PROFARMER PROFIT BRIEFING FRIDAY ON AGDAY."

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE  WE'VE BEEN WATCHING THIS SNOWSTORM DEVELOP OUT WEST AND HERE IT  GOES AND IT'S STARTING TO PICK UP SOME SPEED. YEA, IT REALLY IS. AND IT'S  HEADING TOWARD THE NORTHERN PLAINS. IT'S SNOWING PRETTY GOOD RIGHT  NOW IN WYOMING AND SOUTHERN MONTANA. AND AS WE PUT THE MAPS INTO  MOTION YOU CAN SEE HOW THAT'S GOING TO BE SPREADING ACROSS THE  NORTHERN PLAINS STATES. SO THAT SNOW IS GOING TO BREAK OUT ACROSS  WESTERN SOUTH DAKOTA,  THE PANHANDLE OF NEBRASKA  ON INTO AREAS  FARTHER NORTH AND NORTHEAST FROM THERE AS WELL. HIGH PRESSURE BY  LATER TODAY DOMINATING THE NORTHEAST, THE GREAT LAKES, OHIO VALLEY ON  THROUGH THE SOUTHEAST EVEN DOWN TO TEXAS WEATHER STORM SYSTEM  COMING INTO THE PACIFIC AS WE HEAD THROUGH THE NEXT COUPLE OF A DAYS.  SO THROUGH TONIGHT THERE'S WHERE THE SNOW REALLY GETS GOING,  PROBABLY BLIZZARD CONDITIONS AT TIMES. THERE'S GOING TO BE A LOT OF  WIND WITH THIS STORM SYSTEM AS WELL IT'S REALLY OUR FIRST BIG  SNOWSTORM OF THE YEAR, TYPICALLY WE WOULD SEEN ONE OR TWO ALREADY  BUT NOT THIS YEAR. YOU CAN SEE THOUGH BY TOMORROW MORNING FROM  EASTERN SOUTH DAKOTA ALL THE WAY THROUGH WESTERN AND NORTHERN  PORTIONS OF MINNESOTA LOTS OF SNOW GOING ON. ONLY SCATTERED  SHOWERS ALONG THE COLD FRONT TO THE SOUTH OF THAT. AND THAT A COLD  FRONT IS GOING TO BLAST EASTWARD SO WE'LL SEE SHOWERS FROM MICHIGAN  ALL THE WAY DOWN TO THE EASTERN AND SOUTHERN TEXAS AS WE HEAD  THROUGH TOMORROW AFTERNOON WITH THE SNOW STARTING TO TAPER OFF  ALTHOUGH STILL GOING TO BE WINDY WITH BLOWING SNOW IN WISCONSIN,  NORTHEASTERN MINNESOTA, BUT THAT WILL FINALLY BE MOVING AWAY BY THAT  POINT. SO PRECIPITATION ESTIMATES OVER THE PAST TWENTY FOUR HOURS  VERY LITTLE HAS BEEN GOING ON BUT OVER THE NEXT THIRTY SIX WERE GOING  TO SEE ALMOST ALL OF IT WITH THAT STORM SYSTEM ACROSS THE NORTHERN  PLAINS AND OF COURSE THE GULF MOISTURE COMING UP THAT A COLD FRONT  WILL PUT DOWN A HALF INCH IN SOME AREAS THROUGHOUT THE SOUTHERN  MISSISSIPPI VALLEY, INTO PARTS OF TEXAS. AND YOU CAN SEE SNOWFALL THE  PAST TWENTY FOUR HOURS UTAH WYOMING MAINE THE AREAS BEING HIT  ADDING IN THE NEXT THIRTY SIX, WE'LL SPREAD A LITTLE FARTHER SOUTH BUT  MAINLY EASTWARD. SOUTH DAKOTA LOOKS LIKE THEY'RE GOING TO GET A LOT.  SOUTHEASTERN NORTH DAKOTA AND MANY PARTS OF NORTHERN AND WESTERN  MINNESOTA PROBABLY GETTING THE HEAVIEST AMOUNTS OF SNOW WITH OVER A  FOOT IN SOME AREAS. HIGH TEMPERATURES TODAY HARD TO BELIEVE A  SNOWSTORM IS HEADING TOWARD THE NORTHERN PLAINS AND IT'S ALMOST 80  FOR THE HIGH IN SAINT LOUIS. AND TULSA, 70S FOR MOST AREAS SOUTH OF  THEIR LOW TEMPS TONIGHT GOING TO DROPOFF ONLY INTO THE FIFTIES AND  SIXTIES FROM CHICAGO SOUTHWARD BUT WE'RE LOOKING AT MID TWENTIES FOR MOST OF THE NORTHERN ROCKIES, NORTHWESTERN PLAINS AND HIGH TEMPERATURES TOMORROW AFTERNOON AND STAYING BELOW FREEZING AND  SOME OF THE AREAS THAT HAVE GOTTEN SNOW STILL SEVENTIES THOUGH FROM  THE OHIO RIVER SOUTHWARD ALL BECAUSE OF THE RIDGE IN THE EAST THE  TROUGH IN THE WEST YOU CAN SEE HOW THAT KINDA SWITCHES AS WE HEAD  INTO THE WEEKEND SO A QUICK SHOT OF COLD AIR FOR THE EASTERN PARTS OF  THE COUNTRY. OUR MODELS TRYING TO PUT A TROUGH OUT EAST AND A RIDGE  OUT WEST NOT GOING THERE TOTALLY QUITE YET THOUGH. THAT'S A LOOK ACROSS THE  COUNTRY NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HEAD TO  PUEBLO COLORADO FIRST OF ALL WINDY AND TURNING COLDER A COUPLE OF  SHOWERS HIGH OF SIXTY THREE AND FALLING. AND THENT FOR SPRINGFIELD ILLINOIS MOSTLY SUNNY QUITE WARM HIGH OF SEVENTY FIVE AND ROCHESTER NEW YORK MORNING FOG THEN PARTLY SUNNY HIGH FIFTY SIX.

TEASE
WHEN WE COME BACK, FIND OUT WHY NICE WEATHER THIS FALL MAY NOT HELP  THE CATTLE MARKET. AND FIND OUT HOW BRUSHING YOUR TEETH - OF ALL THINGS - MAY CURE SOME  OF YOUR ALLERGY WOES. DETAILS WHEN WE HEAD IN THE COUNTRY. ENTER FOR YOUR CHANCE TO WIN TWO REGISTRATIONS TO THE TOP  PRODUCER SEMINAR - JANUARY 24TH THROUGH THE 27TH IN CHICAGO.   PACKAGE INCLUDES A THREE-NIGHT HOTEL STAY, PLUS A TWO-HUNDRED DOLLAR  VISA GIFT CARD!  GO TO TOPPRODUCERSEMINAR.COM/SWEEPSTAKES.  

DROVERS TV
DROVERS TV IS BROUGHT TO YOU BY MERCK ANIMAL HEALTH - THE MAKERS OF ZUPREVO.  TALK TO  YOUR  VETERINARIAN ABOUT ZUPREVO, FOR THE TREATMENT OF BOVINE RESPIRATORY DISEASE. ON DROVER'S TV, CATTLE FEEDERS CONTINUE TO MISS THE MARK ON  EXPECTATIONS. THE LATEST STERLING BEEF PROFIT TRACKER SUGGESTING FEEDYARDS LOST  AN AVERAGE OF $116 PER HEAD LAST WEEK. AND IT MAY NOT GET A WHOLE LOT BETTER THANKS TO GOOD WEATHER THIS  FALL. ANALYSTS SAY THE UNSEASONABLY MILD WEATHER HAS LED TO EXCELLENT  CATTLE GAINS, AND INCREASING BEEF PRODUCTION.  PROJECTIONS FOR CATTLE PLACED ON FEED THIS WEEK SUGGEST A COST OF  GAIN IN THE 67 TO 69 CENTS PER POUND RANGE. BUT WITH JUNE LIVE CATTLE FUTURES HOVERING AROUND THE $1 LEVEL,  CALVES PLACED ON FEED COME OUT TO ROUGHLY A $30 PER HEAD LOSS.  ADDING TO TOTAL BEEF SUPPLIES, AN INCREASE IN COW SLAUGHTER THE PAST SEVERAL MONTHS HAS  ADDED TO THE SUPPLIES OF GROUND BEEF. BEEF COW SLAUGHTER BEGAN THE YEAR AT THE LOW LEVELS  SEEN IN 2015, BUT CHANGED TO YEAR-OVER-YEAR LEVELS BY THE END OF THE FIRST QUARTER.  THE  SECOND AND THIRD QUARTERS SHOWED INCREASES RESULTING IN A 12.1 PERCENT GAIN IN BEEF COW  SLAUGHTER COMPARED TO LAST YEAR. ANALYSTS EXPECT STRONG BEEF COW CULLING WILL BRING THE 2016 NUMBER  TO ROUGHLY A 13 PERCENT YEAR-OVER-YEAR INCREASE. THERE'S BEEN A LOT OF TALK ABOUT TRADE AND RENEGOTIATING NAFTA DURING  THIS ELECTION CYCLE. LEADERS FROM BOTH CANADA AND MEXICO CAME OUT RECENTLY GREEN  LIGHTING FRESH TALKS. LIVESTOCK MARKETING SPECIALIST DERRELL PEEL SAYS BOTH COUNTRIES ARE  MAJOR CATTLE BUYERS AND SUPPLIERS. HOWEVER SOME EXTERNAL FACTORS COULD CHANGE THE CANADIAN DYNAMIC  NEAR TERM. THE LARGEST CATTLE FEEDING FIRM IN CANADA, IN ALBERTA, ANNOUNCED IT'S CLOSING IN A FEW MONTHS. AND SO THEY'RE NO LONGER BUYING CATTLE. SO FAR IN 2016, WE'VE SEEN LESS CATTLE IMPORTS FROM CANADA IN TOTAL. DRAMATICALLY LESS FEEDER CATTLE IMPORTS AND ACTUALLY A FEW MORE CATTLE IMPORTS. BUT OVERTIME THERE'S LESS CATTLE FEEDING IN CANADA. THERE'LL BE LESS FED CATTLE COMING TO THE U.S BUT THERE MIGHT BE MORE FEEDER CATTLE COMING AS A RESULT OF THE LOSS OF FEED LOT CAPACITY IN CANADA. PEEL SAYS CANADA AND U.S. ALSO COMPETE FOR EXPORTS AROUND THE GLOBE. HE ADDS THAT CURRENTLY CANADA DOES HAVE AN AGREEMENT WITH CHINA TO  PROVIDE BEEF WHILE THE U.S. DOES NOT.UP NEXT - SEE HOW TOOTHPASTE CAN DO MORE THAN GIVE YOU A BRIGHTER  SMILE.  IT MAY ALSO GIVE SOME PEOPLE NEW HOPE TO OVERCOME THE  SNEEZING AND WHEEZING OF ALLERGIES. SET THE PULSE FOR THE BEEF INDUSTRY AND JOIN DROVERS' NATIONAL PANEL OF BEEF PRODUCERS.   JUST TEXT THE WORD DROVERS TO 31313 TO SPEAK UP FOR THE BEEF INDUSTRY EACH MONTH. DROVERS PULSE IS SUPPORTED BY MERIAL.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT TRACTORS - AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY.   LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER. TOOTHPASTE COMMERCIALS MAKE A LOT OF PROMISES - FEWER CALORIES,  BRIGHTER SMILE, LESS PLAQUE. BUT NOW - COULD THEY PROMOTE "HELPS  ALLERGY SUFFERERS"? KENT FADDIS FROM THE UNIVERSITY OF MISSOURI  SHOWS HOW A TOOTHPASTE TREATMENT IS HELPING A LITTLE BOY - WITH  SEVERE ALLERGIES- RETURN TO THE FAMILY FARM. WHILE 5-YEAR-OLD LIAM STUMP PLAYS INSIDE WITH HIS TOY TRACTOR…HIS LITTLE BROTHER RIDES IN A  REAL TRACTOR WITH DAD.  LIAM'S SEVERE ALLERGIES KEEP HIM INSIDE AWAY FROM HELPING DAD AND  HIS LITTLE BROTHER DURING HARVEST. "THAT CORN IS JUST HORRIBLE FOR HIS ALLERGIES WHEN HE IS AROUND  THAT CORN DUST, AND SO IT IS NOT FUN BECAUSE HE DOESN'T GET TO GO WITH DADDY ALL THE TIME."   LIAM'S MOTHER, KAYLE, SAYS HIS ALLERGIES JUST SEPARATE THEIR HOUSEHOLD. FARMING IS THEIR LIFE  AND LIAM CAN'T ALWAYS BE PART OF IT. "IT'S SAD BECAUSE HE CRIES A LOT TO ME AND TO HIS DAD  BECAUSE HE CAN'T GO OUT IN THE TRACTOR." THEY HAVE TO BE CAREFUL.  A RECENT ALLERGY ATTACK SENT  LIAM TO THE HOSPITAL.  PRESCRIPTION AND OVER-THE-COUNTER MEDICATIONS ARE NOT HELPING. AND  ALLERGY SHOTS ARE SCARY AND PAINFUL FOR LIAM.  BUT A NEW ALLERGY TREATMENT OFFERED AT  UNIVERSITY OF MISSOURI HEALTH CARE IS HELPING LIAM LITERALLY BRUSH OFF HIS ALLERGIES. "THE  TOOTHPASTE, WHAT IT DOES IS THE SAME THING THAT ALLERGY SHOTS AND ALLERGY DROPS DO…IT IS A  WAY FOR YOU TO DEVELOP TOLERANCE FOR WHAT YOU ARE ALLERGIC TO." TRADITIONAL ALLERGY DROPS MUST  BE KEPT UNDER THE TONGUE FOR TWO MINUTES…NEARLY IMPOSSIBLE FOR 5-YEAR-OLDS LIKE LIAM. BUT  THE ALLERGY TOOTHPASTE NOT ONLY CLEANS LIAM'S TEETH, BUT DELIVERS THE MEDICINE AS PART OF HIS  DAILY ROUTINE. "EVERYBODY BRUSHES THEIR TEETH…YOU GENERALLY ARE SUPPOSED TO BRUSH THEM  TWICE A DAY SO THAT IS EASY TO FIT INTO YOUR LIFE." THE MU HEALTH CARE ALLERGIST SAYS IT WILL TAKE  THREE TO FIVE YEARS BEFORE LIAM'S IMMUNE SYSTEM RESPONDS SO MEDICATION IS NO LONGER  NECESSARY.  IN THE MEANTIME, THE RESULTS ARE PROMISING. LIAM IS ALREADY EXPERIENCING SOME  RELIEF. AND MAYBE ONE DAY SOON, HE CAN JOIN HIS DAD AND BROTHER OUT ON THE FARM. "OUR  FOUNDATION AND THE FUNDAMENTAL MORALS OF OUR FAMILY — IT IS ALL ABOUT FARMING AND DOING IT  TOGETHER AND GETTING THINGS DONE AS A FAMILY. …I WANT LIAM TO BE PART OF THAT."  FROM THE  UNIVERSITY OF MISSOURI, KENT FADDIS REPORTING. THE NEW ALLERGY TOOTHPASTE IS NOT CHEAP.  A THREE-MONTH SUPPLY COSTS  AROUND 200 DOLLARS AND IS NOT COVERED BY INSURANCE.

CLOSE
THAT'S ALL THE  TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR TYNE MORGAN AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT  DAY. HIGH STRENGTH STEEL FOR HIGH STRENGTH DEPENDABILITY, THE CHEVY SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION.

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