AgDay Daily Recap -November 28, 2016

September 16, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 28, 2016

HEADLINES
COMING UP TODAY ON AGDAY - PORK PRODUCERS FACING PRICE PRESSURE AND  IT'S A FLASH BACK TO 1998. FOR THE NEGOTIATED CASH HOGS, THE INDUSTY IS  LOOKING INTO A LOSS AT APPROXIMATELY 40 DOLLARS PER HEAD. BUT WHAT MAKES THIS YEAR DIFFERENT? EPA OUT WITH SOME GOOD NEWS FOR  CORN GROWERS JUST BEFORE THE THANKSGIVING BREAK. IN AGRIBUSINESS, AN  ENCORE PERFORMANCE BY THE STOCK MARKET AND DOLLAR LAST WEEK, BUT  CAN IT CONTINUE?  I REALLY THINK WE'RE PROBABLY STRETCHING TO THE END  OF THE MOVE IN SOME OF THOSE. AND IF YOU'RE IN TEH MARKET TO BUY A USED  PLANTER, COULD NOW BE THE TIME TO BUY? THAT'S MACHIENRY PETE THIS  WEEK. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

PORK PRICES
GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. AS THANKSGIVING TURKEY'S GIVE WAY TO HOLIDAY HAMS, PORK PRODUCERS  ARE FACING TIGHT MARGINS.  THE LATEST STERLING PROFIT TRACKER SHOWING FARROW TO FINISH  PRODUCERS LOST 34 DOLLARS PER HEAD, WHICH IS AN IMPROVEMENT OF A  DOLLAR OVER LAST WEEK. AT THE SAME TIME, PACKERS ARE SEEING BETTER  MARGINS AT 53DOLLARS PER HEAD, A 6 DOLLAR BUMP FROM JUST LAST WEEK. THAT IMBALANCE IS WEIGHING ON PRICES ACROSS THE BOARD.  THE ROAD OF TIGHT MARGINS HASN'T BEEN A LONELY ONE FOR PORK  PRODUCERS THIS YEAR, AS BOTH LIVESTOCK AND GRAINS ARE FEELING THE  PINCH. BUT IT'S REMINDING SOME OF THE 1998 PORK PRICE COLLAPSE, FEARING  THE INUDSTRY IS ON THE BRINK OF ANOTHER HISTORIC TIME. HOG PRICES HAVEN'T REACHED HTE HISTORIC LOWS WE SAW IN 1998. HOWEVER, A LOT OF THE TRENDS IN  THE CASH MARKET RIGHT NOW ARE SIMILAR AND A LOT OF HTE CONCERNS ABOUT PACKER CAPACITY ARE  ALSO THERE. WHAT'S DIFFERENT TODAY THAN 1998? PETERSON SAYS A MUCH STRONG EQUITY  POSITION ON THE PRODUCER SIDE. WHILE THE SITUATION IS DIFFERENT TODAY,  THE FEAR IS STILL THERE.   THERE'S A RISK THAT IF WE HAVE 2.6, 2.7 MILLION HEAD OF HOGS, THAT NEED TO BE KILLED INA GIVEN  WEEK, WE COULD GO A LOT LOWE,R BECAUSE THE OPACKER CAN'T HANDL THAT LEVEL OF VOUME.  THE MARKET COULD NUDGE LOWER,  BUT ANALYSTS THINK THE BOTTOM IS IN FROM EARLIER THIS FALL. . WE'VE GOT A GOOD ARGUMENT FOR A BOTTOM. JUST UNDER 40 BUCKS. I THINK WHEN YOU LOOK AT HTE MARKET OVERALL, WE'VE OVERDONE IT TO THE DOWNSIDE. IT DOESN'T  APPEAR THAT WER'E GOING TO GO OVER THE OVERALL CAPACITY THAT WE'RE AFRAID OF. WITH TODAY'S PRICES, MANY PORK PRODUCERS ARE SEEING RED.  FOR THE NEGOTIATED CASH HOGS, THE INDUSTY IS LOOKING INTO A LOSS AT APPROXIMATELY 40 DOLLARS PER HEAD. LOSSES TODAY THAT COULD TRANSITION INTO BETTER MARGINS BY SUMMER.  WE HAVE ACTUALLY FORECASTED A LOSS FOR OUR 2017 FISCAL YEAR, HOWEVER IF YOU LOOK AT THE  FUTURES MARKET, THERE ARE SOME MONTHS, ESPCIALLY DURING HTE SUMMER THAT WOULD INDICIATE SOME POSITIVE MARGINS ARE COMING. WHEN YOU LOOK OUT IN TEH SUMMER MONTHS, YOU'RE SITTING OVER 72 DOLLARS A HUNDREDWEIGHT.  THE GOVERMENT SAYS WER'E GOING TOBE 57 TO 62 OUT IN THOSE AREAS, SO MAKE SURE YOU HAVE  SOME RISK MANAGMENT ALL THE WAY THROUGH OUT THE YEAR. IT'S A STRONG RISK MANAGEMENT PLAN HELPING THE MASCHHOFFS SOFTEN  THE BLOW. WE HAVE AN ACTIVE RISK MANAGEMENT PROGRAM WITHIN OUR BUEINESS THAT UTILIZEES A LOT OF  DIFFERENT TOOLS TO PROETECT OUR DOWNSIDE RISK BUT WE LEAVE ROOM FOR THE UPSIDE. WE'RE USING DEFENSIVE PUTS AND PUT SPREADS JUT TO KIDN OF KEEP A FLOOR UNDER PRICES HOPING  TO WORK IT A LITTLE BIT HIGHER AS WE COME OUT OF HTE FALL LOWS.THE LATEST HOGS AND PIGS REPORT RELEASED SEPTEMBER 30TH SHOWING ALL INVENTORY UP 2 PERCENT OVER 2016, BUT A 4 PERCENT JUMP FROM JUNE.  ROOSE SAYS AN  ADJUSTMENT IN SUPPLIES IS TOUGH WITH TODAY DUE TO THE VERTICAL INTEGRATION OF THE HOG INDSUTRY.  AT VERY LEAT HAVE TO SHOW SIGNS THAT WER'E NOT EXPANDING, SHOWING SOME SIGNS OF  CONTRACTION, AND THEN SEE IF OUR DEMAND PICKS UP.IF HTE PACKING CAPACITY DOESN'T COME ON AT THE SAME TME AS THE HOG CAPACITY SUPPLY TO FILL  THSOE NEW PLANTS COMES ONLINE, IT CREATES IMBALANCES IN TEH SUPPLY AND DEMAND EONOMICS AND HONTESTLY, I THINK THAT'S WHAT'S BEEN HAPPENING."PETERSON SAYS PACKING CAPACITY IS LOOKING UP, BUT THAT'S STILL A FEW  YEARS OUT.  CURRENT PROJECTION ARE THAT WE'RE GONGI OT HAV ESOMEOHERE IN THE NEIGHBORHOOD OF 8 TO 10  EOPRCENT INCREASE  IN PACKING CAPCITY. AND FOR OUR INUDSTRY THAT IS UNPRECEDENTED GROWTH. HE SAYS IF THAT CAN SYNC UP WITH HOG SUPPLIES, THE STORY WILL BE MUCH  FRIENDLIER FOR PRODUCERS. EFFICIENCY WITHOUT SACRIFICING QUALITY IS SOMETHING PRODUCERS LIKE  TEH MASCHOOFFS SEEM TO BE MASTERING. AND NOW IT'S TAKING THE BAD IN  STRIDE, WHILE PREPARING FOR THE GOOD, THAT WILL HELP PORK PRODUCERS  SURVIVE. UNDOUBTEDLY WE'RE GOIGN TO SEE SOME DIFFICULT ECONOMIC TIMES, WE REMAIN OPTIMISITC. ANALYSTS SAY DEMAND NEEDS TO PICK UP BOTH AT HOME AND AROUND THE  WORLD. RIGHT NOW CHINA, A MAJOR IMPORTER EARLIER IN THE YEAR, IS  EXPANDING THEIR OWN HOG INDUSTRY. PRODUCERS THERE ARE SEEING PROFITS OF 70 TO 80 DOLLARS PER HEAD. ALSO WEIGHING ON PRICES.. THE AMOUNT OF MEAT IN COLD STORAGE.  USDA SAYS THE U.S. IS SEEING A LARGE AMOUNT OF PORK IN THE THE FREEZER. WHILE IT'S NOT A RECORD, THE USDA'S COLD STORAGE REPORT SHOWING TOTAL PORK AT NEARLY 589 MILLION POUNDS. PORK BELLIES TOTALLING CLOSE TO 20  PIONT 8 MILLION POUNDS.  BEEF IN COLD STORAGE IS A RECORD. USDA SAYS BEEF SUPPLIES IN FREEZER SITS AT 532 MILLION POUNDS. THAT'S  QUITE A JUMP FROM THE 509 MILLION LAST YEAR. 

COULD BEARISH NEWS CONTINUE?
IT'S BEEN A LARGELY BEARISH YEAR FOR BOTH MAJOR GRAINS AND LIVESTOCK.  AND LOOKING 12 MONTHS OUT, RABOBANK DOESN'T SEE THAT STORY CHANGING  MUCH.RABOBANK WARNING PRODUCERS TO BEAR IN MIND, STOCKS REMAIN LARGE  HEADING INTO 2017.  RABOBANKS SAYS COCOA, SOYBEANS AND DAIRY EXPECTED TO SEE SOME  PRICE SUPPORT, BUT DON'T EXPECT ANY HUGE RALLIES TO CARRY MARKETS  HIGHER, AS LARGE INVENTORIES WILL BE THE BUFFER.  THE COMMODITIES WITH THE MOST BEARISH STORY LOOK TO BE COFFEE, PALM  OIL AND SOIL OIL.  RABOBANK SAYS KEEP IN MIND THE MACRO PICTURE, AS WELL AS CURRENCY  VOLATILITY WILL BE KEY DRIVERS IN 2017.  IT'S TIGHTER MARGINS ON THE FARM EATING INTO AG COMPANY PROFITS. DEERE  AND COMPANY REPORTING IT'S LATEST EARNING,  SHOWING NET INCOME  DROPPING 400 MILLION DOLLARS ON THE YEAR. 2016 SALES POSTING AN 8  PERCENT DECLINE.  LOOKING JUST AT JUST THE FOURTH QUARTER, INCOME FALLING 66 MILLION  COMPARED TO THE YEAR PRIOR., WITH SALES OFF 3 PERCENT.  IT'S MORE THAN JUST A WEAKER AG SECTOR CONTRIBUTING TO THESE LOSSES.  DEERE SAYS WEAK CONSTRUCTION AND EQUIPMENT MARKETS ALSO SHOWING  DECLING SALES. 

EPA RENEWABLE FUEL STANDARDS
EPA RELEASING THE 2017 VOLUME OBLIGATIONS AS PART OF THE RENEWABLE  FUELS STANDARD. AT 15 BILLION GALLONS IN CONVENTIONAL ETHANOL, THAT'S  RIGHT IN LINE WITH TEH LEVELS MANDATED BY CONGRESS, AND UP FROM THE 14  POINT 8 BILLION GALLONS IN EPA'S PROPOSED RULE.  GROUPS LIKE NATIONAL CORN GROWERS AND GROWTH ENERGY APPLAUDING  EPA FOR THEIR FINAL DECISION, CALLING IT A WIN FOR ENERGY SECURITY. BUT  OTHERS - LIKE THE NATIONAL CHICKEN COUNCIL - COMPARED THE R-F-S TO A  RUNAWAY TRAIN.

CROP COMMENTS
DAVID HARKER IS FILLING IN FOR MIKE THIS MORNING. HE HAS A LOOK AT CROP COMMENTS. GOOD MORNING, DAVID. GOOD MORNING, TYNE.  LET'S START OFF IN SUNRAY, TEXAS.  CASEY KIMBRELL SAYS HIS MACHINERY BROKE DOWN AT THE WORST TIME- RIGHT WHEN HE HAD SIX ROWS LEFT OF HARVEST 2016!  DESPITE THAT, CASEY SAYS THE COTTON IS IN EXCELLENT CONDITION.  AND ANDY WEISSER OF ROSCOE, SOUTH DAKOTA SENT US THIS PHOTO.  HE SAYS THIS IS THE LAST GROUP HEADING HOME DURING THE 'FALL RUN'  BEFORE THE AREA GETS TOO COLD.  AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
THE STOCK MARKET REACHING ALL TIME HIGHS THANKSGIVING WEEK. BUT ARE  THOSE PRICES OVER BAKED? THAT'S TODAY'S ANALYSIS.  MACHINERY PETE REPORTS FROM A MISSOURI FARM AUCTION AS HE LOOKS AT  THE GOING RATE FOR JOHN DEERE PLANTERS. AND WITH THE COLDER TEMPS OF WINTER APPROACHING, RESEARCHERS ARE  LOOKING AT WAYS TO CREATE SOME LIFE-SAVING HEAT FOR WEEVILS IN  LOUISIANA. 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.   AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE- BY-SIDES.  YAMAHA - REAL WORLD TOUGH. 

AGRIBUSINESS
IN AGRIBUSINESS.. IT'S BEEN ONE WEEK SINCE THE DOW, NASDAQ AND S&P 500  ALL HIT NEW HIGHS. SO HOW COULD HTE MACRO PICTURE PLAY OUT IN THE  COMING MONTHS? CLINTON GRIFFITHS HAS INSIGHT IN TODAY'S ANLAYSIS.  JOINING ME HERE AT THE AGRIBUSINESS DESK, I HAVE DANHUEBER. THE HUEBER REPORT, THE FIRST TIME HERE. WELCOME, NICE TO SEE YOU HERE. THANKS  VERY MUCH. LET'S TALK ABOUT THE MACRO PICTURE OF WHAT'S GOING ON AS  FAR AS FINANCIAL MARKETS, COMMODITIES AND HOW THIS ALL PLAYS TOGETHER  BECAUSE POST ELECTION WE'VE JUST SEEN AN INCREDIBLE RUN. WE'VE SEEN A  BIG MOVE IN IN THE CURRENCY ONCE AGAIN, MOST SPECIFICALLY THE DOLLAR  RALLYING. WE'VE SEEN THE MARKET HEADING LOWER OF COURSE IN  ANTICIPATION OF HIGHER INTEREST RATES IN THE DAYS AHEAD AND AGAIN AS WE  JUST AN EARLIER MAY BE GETTING IN JUST A BIT AHEAD OF OURSELVES BUT YOU  KNOW, THERE SEEMS TO BE NO QUESTION THAT IF YOU LOOK AT  THE DOLLAR IN PARTICULAR IT HAS AN INVERSE RELATIONSHIP TO COMMODITIES  IN GENERAL AND THE YOU KNOW NOT THAT THAT'S PERFECT BY ANY STRETCH OF  IMAGINATION AND YOU COULD DEBATE IS IT COROLLATIVE OR POSITIVE AS FAR  AS THE IMPACT IT REALLY HAS BUT REGARDLESS, THERE IS A RELATIONSHIP IN  THERE AND THE STRONG DOLLAR  HASN'T THAT BEEN A BOOM FOR COMMODITIES  OUTSIDE OF THOSE WAS KEY COMMODITIES THAT ARE REALLY DRIVING THE  CHINESE ECONOMY HERE RIGHT AT THIS POINT IN TIME. ALL OF THAT SAID,  I REALLY THINK WE'RE PROBABLY STRETCHING TO THE END OF THE MOVE IN SOME  OF THOSE. I THINK THE DOLLAR HAS REACHED SOME OVERBOUGHT LEVELS. WE  WERE THIRTEEN YEAR HIGHS AT THIS POINT IN TIME AND NOT REALLY WITH ANY A  GREAT RATIONALE OTHER THAN THAT YOU CAN STILL EARN SOME HIGHER INTEREST RATES HERE THAN YOU CAN IN EUROPE OR ASIA OR PLACES LIKE THAT. YOU KNOW, AGAIN I THINK WANT TO GET INTO THE NEW YEAR WE MIGHT SEE  SOME OF THAT ENTHUSIASM WEAR OFF. WILL THAT TURN AROUND AND BE A  BOOST TO COMMODITIES IF WE SEE THE DOLLAR BREAK BACK? MAYBE NOT  NECESSARILY INSTANTANEOUSLY BUT I THINK PSYCHOLOGICALLY IT WOULD  ALLOW SOME MONEY TO BEGIN TO FLOW BACK INTO COMMODITIES. IT MAY NOT  NECESSARILY BE IN CORN OR WHEAT, OF COURSE YOU KNOW BEANS HAVE  ALREADY BEEN A PRETTY ATTRACTIVE OF A LOT OF SPECULATIVE INTEREST.  WHAT IF IT STARTS COMING BACK INTO GOLD AND CRUDE OIL MARKETS LIKE  THIS? THEY'RE PRETTY SENSITIVE TO SOME CHANGES IN THE WORLD ECONOMIC  PICTURE. HAVE YOU COME BACK TO THE OLD STORY THAT A RISING TIDE LIFTS  ALL BOATS AND  I THINK IT WOULD BE BENEFICIAL FOR THE GRAIN MARKETS IF WE  DID SEE THAT HAPPEN.  SOMETHING TO WATCH. ALRIGHT, APPRECIATE IT. THANKS FOR BEING HERE.  WE'LL BE BACK WITH MORE AGDAY IN A MOMENT.   THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM - OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.  LET MACHINERY  PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.  ) 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY CORVUS PRE-EMERGENCE CORN HERBICIDE FROM BAYER. THE ONLY HERBICIDE TO OFFER THREE LEVELS OF DEFENSE AGAINST WEEDS - BURNDOWN, RESIDUAL AND REACTIVATION WITH RAIN. WELCOME BACK TIME NOW TO CHECK WHETHER. ALWAYS GREAT TO HAVE DAVID HARKER WITH US. DAVID WE HAD SUCH A GOOD RUN OF ABOVE NORMAL TEMPS AS THE COUNTRY LOOKS LIKE THAT'S COMING TO AN END. ESPECIALLY THIS WEEK. I WANT YOU FOLKS TO TAKE A LOOK AT THE WEATHER MAP AND BOY TAKE A LOOK. IT IS BELOW NORMAL ACROSS A GOOD PORTION OF THE COUNTRY. ALSO WANT TO POINT OUT PORTIONS  OF THE EASTERN SEABOARD HOW THEY'RE ABOVE NORMAL. AND IT LOOKS TO BE THAT WAY FOR QUITE SOME TIME TO WHETHER THROUGHOUT THE REST OF THIS WEEK OR EVEN POSSIBLY NEXT WEEK. LET'S TAKE  A LOOK AT THE JET STREAM WHAT YOU'LL NOTICE IS AS BIG A LOW PRESSURE SYSTEM IN THE UPPER  ATMOSPHERE DIVING FURTHER SOUTH. THE JET STREAM DIVING INTO THE NORTHERN PLAINS STATES AND  THAT'S LIKELY TO PUSH BACK UP INTO THE GREAT LAKES REGION AS WE LOOK TO THE MIDDLE OF THE WORK  WEEK. NOTICE THAT BIG BULL'S EYE RIGHT THERE OVER LAKE SUPERIOR. PORTIONS OF MINNESOTA AND  WISCONSIN ARE GOING TO FEEL QUITE COLD AND POSSIBLY EVEN SEEING MORE SNOW SHOWERS, LAST  THING THEY NEED. AS THIS SYSTEM OF RETRO SPEC BACK UP TO NORTHERN CANADA WERE LIKELY TO SEE  THE COLD AIR FILTER BACK INTO THE NORTHEAST. I DID NOT POINT OUT THE FOLKS ON DOWN TO THE SOUTH  THEY'RE IN THE DEEP SOUTH ARE THE FOUR CORNERS REGION. NOTICE WE'VE GOT THAT NECKS OF LOW  PRESSURE SYSTEM PROVIDING MORE SHOWERS TO THAT REGION. SPEAKING OF PRECIPITATION AT LEAST  OVER THE NEXT COUPLE OF DAYS WE'RE GOING TO SEE ABOVE NORMAL PRECIPITATION, MAINLY RAIN  SHOWERS IN THE GREAT LAKES REGION, SNOW SHOWERS UP IN THE NORTHERN PLAINS STATES UNTIL THAT  NEXT LOW PRESSURE SYSTEM DEVELOPS DOWN IN THE FOUR CORNERS REGION, WERE LIKELY GOING TO SEE  THE BELOW NORMAL TEMPERATURES. AS WE TAKE A LOOK AT DECEMBER TEMPERATURES, NOTICE HOW  THEY'RE BELOW NORMAL SWAT JUST MOVES RIGHT BACK DOWN INTO THE GREAT LAKES OR ABOVE NORMAL  IN SOUTHERN CALIFORNIA, AS WELL AS THE FOUR CORNERS REGION, EVEN THE DEEP SOUTH IN SOUTH TEXAS WHERE THEY'RE EXPECTED TO SEE SEVENTEENS AND EVEN WARMER THAN THAT IN A FEW LOCATIONS.  FLORIDA LOOKS TO BE MUCH OF THE SAME AS WELL AS THE EXTREME NORTH EAST. MOST AREAS IN THE  ATLANTIC COASTAL STATES ARE LIKELY TO BE NORMAL WHEN WE TALK TEMPERATURE WISE AND TO JANUARY BELOW NORMAL IN THE GREAT LAKES REGION AND THE SAME TYPE OF PATTERN. ABOVE NORMAL  TEMPERATURES OUT IN THE SOUTHWEST. AS A MOVE INTO THE MONTH OF FEBRUARY REALLY NOTHING CHANGES, JUST THE AREA OF COLD A ROW OVER THE AIR IT MAKES HIS TRACK BACK TOWARD THE EASTERN  SEABOARD. AND ENCOMPASSES AREAS LIKE VERMONT, EVEN INTO NEW HAMPSHIRE. WE'VE ALSO GOT  VIRGINIA AND THE ACTION KENTUCKY AND TENNESSEE. AGAIN THIS IS BELOW NORMAL NOT NECESSARILY  EXTREME COLD. ALL OF US ARE GOING TO SEE THAT JET STREAM PATTERN CHANGE UP ONCE WE GET TO THE  SPRINGTIME TOO. NOTICE THE THIRTY DAY PRECIPITATION, GET A LITTLE SOGGY IN SOME LOCATIONS.  UNFORTUNATELY DROUGHT CONDITIONS PERSIST THERE IN SOUTHERN TEXAS. AND WERE LIKELY TO SEE ALL OF  THE RAIN SHOWER ACTIVITY GREAT LAKES NORTHEAST AS WELL AS THE UPPER NORTHWEST TOO. WE'RE  LOOKING AT MORE SNOW SHOWERS IN THE ROCKY MOUNT--SOMETHING THAT WE'RE ALL GOING TO FOCUS  ON AS WE LOOK TO THE NEXT THIRTY DAYS. LETS TAKE A LOOK AT SOME LOCAL FORECAST FOR YOU. WE'VE  GOT KENNEWICK WASHINGTON AREAS OF RAIN SHOWERS HIGH TEMPERATURE SITTING AT FORTY EIGHT DEGREES. WE MOVE INTO ARKANSAS EVERTON LOOKING AT A HIGH OF SIXTY ONE WITH RAIN AND  BRIDGEPORT OF VIRGINIA A HIGH OF FIFTY SEVEN.

TEASE
NEXT MACHINERY PETE CHECKS IN FROM A RECENT FARM AUCTION IN MISSOURI.   WE'LL TELL YOU WHAT DEALS CAUGHT HIS EYE. PLUS SCIENTISTS ARE LOOKING AT WAYS TO CONTROL THESE INVASIVE  WEEDS...AND IT INCLUDES PROTECTING A BENEFICIAL BUG FROM GETTING TOO  COLD THIS WINTER. 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. 

MACHINERY PETE
MACHINERY PETE - SPONSORED BY THE GRIT, TOUGHNESS AND PERSERVERANCE OF FARMERS  EVERYWHERE, WHO RELY ON CHEVRON DELO.  BECAUSE UNCOMMON JOBS REQUIRE UNCOMMON  TOUGHNESS.  CHEVRON DELO - LET'S GO FURTHER. WHAT MATTERS MOST WITH A PLANTER- AGE OR PRICE?  MACHINERY PETE DISCUSSES. PETE REPORTING FROM THE FIELD FOR THIS WEEK FOLKS. MACHINERY PETE HERE IN NORTHEAST MISSOURI. NOW YESTERDAY I COVERED A FARM AUCTION IN WEST CENTRAL ILLINOIS FOR A 2001 JOHN DEERE 1760 TWELVE ROW THIRTY INCH PLANTER. IT SOLD FOR $27,500. ONE THING I'VE ALWAYS BEEN INTERESTED ALL THESE YEARS COVERING AUCTIONSIS TO SEE HOW AGE OF EQUIPMENT AFFECTS VALUE. NOW IN OUR SALE TODAY IN NORTHEAST MISSOURI WE HAD A 2011 MODEL 1760, VERY NICE PLANTER, LIKE NEW CONDITION SO IT'S TEN YEARS NEWER AND VERY COMPETITIVE BIDDING. IT SOLD FOR $33,000. AND IF WE LOOK BACK OVER THE WHOLE LAST YEAR THE AVERAGE SALE PRICE ON A JOHN DEERE 1760 TWELVE ROW THIRTY WAS $20,699.

TEASE
WE OFTEN LOOK FORWARD TO COLDER TEMPERATURES TO KILL-OFF NUISANCE  PESTS. BUT SOME OF THOSE BUGS HAVE AN IMPORTANT JOB. NEXT WE'LL LOOK  AT RESEARCH TO PROTECT A CERTAIN WEEVIL WHICH KEEPS INVASIVE WATER- WEEDS IN CHECK.

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. TWO LSU ENTOMOLOGY GRADUATE STUDENTS ARE WORKING ON WAYS TO HELP  AN INSECT CONTROL AN INVASIVE AQUATIC WEED. LSU AGCENTER'S TOBIE  BLANCHARD VISITED PONDS WHERE THE STUDENTS ARE GROWING GIANT  SALVINIA AND RAISING THE SALVINIA WEEVIL.  THE SALVINIA WEEVIL HAS BEEN AN EFFECTIVE WEAPON AGAINST THE AQUATIC WEED GIANT SALVINIA. BUT COLD TEMPERATURES ARE AN ENEMY OF THE WEEVIL. TWO GRADUATE STUDENTS IN THE LSU  COLLEGE OF AGRICULTURE'S DEPARTMENT OF ENTOMOLOGY ARE RESEARCHING WAYS TO HELP WEEVILS  SURVIVE THE WINTER IN NORTH LOUISIANA. LORI MOSHMAN IS LOOKING AT WAYS TO INCREASE  TEMPERATURES IN THE SALVINIA MATS. LORI MOSHMAN:  WE'RE LOOKING AT ROW COVER FABRICS, WHICH  ARE WIDELY USED IN AGRICULTURE TO PROTECT PLANTS FROM FROST, SO WE WILL BE TESTING THOSE,  COVERING SALVINIA MATS WITH THEM AND LOOK AT WEEVIL SURVIVAL OVER THE WINTER. SHE SAID THESE  COVERS COULD BE USED ON A SMALL SCALE TO HELP A PORTION OF THE WEEVILS SURVIVE THE WINTER.  HER OTHER STRATEGY IS TO PROMOTE PLANT CROWDING TO INCREASE MAT TEMPERATURES. ALANA  RUSSELL'S WORK INVOLVES ESTABLISHING POPULATIONS OF COLD-TOLERANT WEEVILS. ALANA RUSSELL:  WE  WENT TO SOUTHEASTERN SOUTH AMERICA. THIS IS FARTHER SOUTH THAN OUR ORIGINAL POPULATION OF  SALVINIA WEEVILS IS FROM. WE ACTUALLY COLLECTED A DIFFERENT POPULATION WITH THE HYPOTHESIS THAT  THEY WERE MORE COLD TOLERANT. RUSSELL'S RESEARCH IS SHOWING THAT THIS NEW POPULATION OF  WEEVILS, WHICH IS THE SAME SPECIES AS THE WEEVILS CURRENTLY ESTABLISHED IN LOUISIANA,  WITHSTANDS COLDER TEMPERATURE AND CAN ENDURE COLD TEMPERATURES LONGER THAN THE LOUISIANA  POPULATION. RUSSELL MUST COLLECT MORE DATA BEFORE THE USDA WILL CONSIDER RELEASING THE WEEVIL INTO WATERWAYS IN LOUISIANA. BUT SHE STRESSED THAT OVERALL, THE SALVINIA WEEVIL IS  DOING ITS JOB IN AREAS THAT REMAIN WARMER IN THE WINTER.  WE WANT TO MAINTAIN THE WEEVILS IN  SOUTH LOUISIANA THAT ARE WORKING WELL. WE SEE GREAT RESULTS HERE, BUT THEN WE'RE GOING TO RELEASE A DIFFERENT POPULATION IN NORTH LOUISIANA IN HOPES THAT THIS WILL BE ABLE TO WITHSTAND THE TEMPERATURES IN THE NORTH. GIANT SALVINIA CAN COMPLETELY COVER A BODY OF WATER, WHICH  HAS ECOLOGICAL AND ECONOMIC EFFECTS. IT CAN ALTER WATER QUALITY, DISRUPT NATIVE PLANTS, AND  LIMIT ACCESS FOR COMMERCIAL AND RECREATIONAL BOATING WHILE ALSO REDUCING HABITAT FOR  ECONOMICALLY IMPORTANT GAME BIRDS. WITH THE LSU AGCENTER, THIS IS TOBIE BLANCHARD  REPORTING. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR CLINTON GRIFFITHS AND ALL OF US AT AGDAY, I'M TYNE MORGAN. HAVE A  GREAT WEEK.

 

 

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