AgDay Daily Recap November 30, 2017

November 30, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 30, 2017

HEADLINES

WHAT WILL ACREAGE BE NEXT YEAR? USDA IS ALREADY MAKING A GUESS. IN AGRIBUSINESS...CAN CATTLE PRICES HOLD. AND GOOD DEEDS DON'T GO UNNOTICED-- DONATIONS FROM WISCONSIN  CHEESE MAKERS FOR HURRICANE RELIEF. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

ACREAGE ESTIMATES
GOOD MORNING I'M CLINTON GRIFFITHS. AFTER RECORD AND NEAR RECORD GRAIN CROPS, USDA SAYS THEY EXPECT  THAT TREND TO CONTINUE. THE DEPARTMENT RELEASING ITS LATEST LONG TERM FORECASTS FOR  AGRICULTURE. LOOKING AT NEXT SEASON, USDA EXPECTING CORN AND SOYBEAN ACRES TO BE  EQUAL AT 91 MILLION ACRES A PIECE. WHEAT PLANTINGS ARE ALSO EXPECT TO FALL BY ANOTHER MILLION ACRES  DOWN TO 45 MILLION. ON THE YIELD FRONT, USDA IS PEGGING 2018 CORN YIELDS AT A CONSERVATIVE,  173.5 BUSHELS PER ACRE IN 2018 AT AN AVERAGE OF $3.20. SOYBEAN YIELDS ALSO CONSERVATIVE AT NEARLY 48 AND A HALF (48.4)BUSHELS  TO THE ACRE AND AN AVERAGE PRICE $9.40. WHEAT YIELDS HOWEVER ARE EXPECT TO CLIMB. USDA PUTTING YIELDS AT NEAR 47 AND A HALF ( 47.4) BUSHELS TO THE ACRE   WITH AN AVERAGE PRICE OF $4.60. FARMERS SAY THEY'RE GOING TO GO WITH WHAT'S PROFITABLE. NAOMI BLOHM/STEWART PETERSON: "IT WAS KIND OF A SURPRISE TO ME. I THOUGHT OF THE SOYBEAN A. NUMBER WOULD BE EVEN HIGHER  THAN WHERE IT WAS AT AND MAYBE LESS CORN. SO TO SEE THOSE NUMBERS COME IN AT 91 MILLION  ACRES WHICH WERE NECK IN NECK THE SAME WITH EACH OTHER AND LAST YEAR I THINK THE BEANS ARE  AT NINETY POINT TWO AND CORN IS THAT NINETY POINT FOUR OR VICE VERSA. SO IT'S GOING TO BE TWO  YEARS NOW IN A ROW OF NECK AND NECK ACRES. BUT REALLY I THOUGHT WITH THE PRICE OF CORN BEING  SO LOW AND BELOW COST OF PRODUCTION FOR SO MANY THAT WE WOULD MAYBE EVEN SEE LESS CORN  ACRES."OVER THE NEXT 10 YEARS USDA EXPECTING BEAN ACRES TO TOP CORN BY AN  INCREASING AMOUNT...WITH SOYBEAN ACREAGE GROWING BY ANOTHER MILLION  ACRES IN THE NEXT FOUR YEARS. USDA ALSO RAISING YIELD EXPECTATIONS. CORN YIELDS ARE FORECAST TO TOP 191 AND HALF BUSHELS TO THE ACRE BY  2027. SOYBEANS CLIMBING ABOVE 53 BUSHELS TO THE ACRE IN THAT TIME. USDA'S "FINAL" NEAR AND LONG TERM PROJECTIONS WILL NOT BE RELEASED  UNTIL ITS FEBRUARY OUTLOOK REPORT.

U.S., GLOBAL ECONOMY
BRAND NEW DATA FROM THE COMMERCE DEPARTMENT IS SHOWING THE U-S  ECONOMY GAINED EVEN MORE STEAM LAST SUMMER. IT GREW THREE-POINT-THREE PERCENT BETWEEN JULY AND SEPTEMBER. THE  ORIGINAL FORECAST CALLED FOR JUST THREE PERCENT. PRESIDENT TRUMP HAS VOWED TO GET ECONOMIC GROWTH UP ABOVE THREE  PERCENT FOR AN ENTIRE YEAR. THAT HASN'T HAPPENED SINCE 2005. ON A GLOBAL SCALE, THE WORLD ECONOMY IS GROWING FASTER THAN IT HAS IN  SEVEN YEARS. AND MORE PEOPLE ARE WORKING — BUT THE HIGH GROWTH ISN'T  EXPECTED TO LAST LONG. THAT'S THE FORECAST FROM THE ORGANISATION FOR ECONOMIC CO- OPERATION AND DEVELOPMENT. THE ORGANIZATION IS REPRESENTED BY 35 DEVELOPED NATIONS. IT'S  FORECASTING GROWTH OF THREE-POINT SIX PERCENT THIS YEAR. WHILE THE GLOBAL ECONOMY IS GAINING MOMENTUM, THE ORGANIZATION SEES  A RED FLAG. ANGEL GURRIA, OECD SECRETARY GENERAL:    " INDEBTEDNESS OF HOUSEHOLDS AND CORPORATIONS  HAS REACHED RECORD LEVELS IN MANY COUNTRIES. PARTICULARLY WORRYING ARE THE HIGH LEVELS IN  CONTINUED GROWTH OF CORPORATE DEBT LEVELS IN CHINA, GIVEN THE IMPORTANCE OF CHINA TO THE  WORLD ECONOMY."GURRIA SAYS THE HIGH LEVELS OF HOUSEHOLD DEBT IN A NUMBER OF  ADVANCED ECONOMIES IS A BIG CONCERN. MOST OF THAT DEBT IS TIED TO  MORTGAGE LENDING.

BIODIESEL TAX CREDIT
O-E-C-D PREDICTS SUSTAINED GROWTH IN THE U-S THIS YEAR AND NEXT AND A  SHARPER-THAN-EXPECTED INCREASE IN THE COUNTRIES THAT USE THE EURO CURRENCY. NEARLY 100 MEMBERS OF THE NATIONAL BIODIESEL BOARD ARE ON CAPITOL HILL THIS WEEK ENCOURAGING LAWMAKERS TO REINSTATE BIODIESEL TAX INCENTIVES. THE VISITS COME AS THE EPA IS EXPECTED TO RELEASE ITS FINAL RFS VOLUMES THIS WEEK. EPA'S JULY PROPOSAL CALLED FOR A REDUCTION IN ADVANCED BIOFUELS, OF WHICH BIODIESEL FILLS ROUGHLY 90 PERCENT.

USDA CENSUS OF AGRICULTURE
THE USDA IS MAILING THE 2017 CENSUS OF AGRICULTURE TO PRODUCERS THIS WEEK. CONDUCTED ONCE EVERY FIVE YEARS, THE CENSUS AIMS TO GET A COMPLETE AND ACCURATE PICTURE OF AMERICAN AGRICULTURE. DATA COLLECTED IN THE CENSUS IS USED BY FARMERS, TRADE ASSOCIATIONS, RESEARCHERS, POLICYMAKERS AND OTHERS TO HELP MAKE DECISIONS IN COMMUNITY PLANNING, FARM ASSISTANCE PROGRAMS, FARM ADVOCACY AND RURAL DEVELOPMENT. THE CENSUS DEADLINE IS FEBRUARY 5TH. BY THE WAY, ITS REQUIRED BY LAW.

CROP COMMENTS
LET'S TURN NOW TO CINDI CLAWSON WITH A LOOK AT WHAT'S HAPPENING IN  FARM COUNTRY. MIKE.  GOOD MORNING, CLINTON.  FOLKS ARE GETTING INTO THE CHRISTMAS SPIRIT IN WILLIAMSBURG, VIRGINIA.  THEIR ANNUAL ILLUMINATION WILL BE HELD THIS WEEKEND, DRAWING UP TO 50- THOUSAND PEOPLE. THE EVENT ALLOWS PEOPLE TO SEE HOW CHRISTMAS  WOULD HAVE BEEN CELEBRATED DRUING THE COLONIAL PERIOD. THERE'S ANOTHER REASON TO CELEBRATE IN COLUMBUS, MICHIGAN.  SCOTT DUDEK SENDING A PICTURE OF HIS DAUGHTER TAYLOR OVERJOYED SEED  CORN HARVEST IS OVER! SCOTT SAYS SEED CORN HARVEST WENT WELL BUT THE FIELDS ARE WET.  AND NOW THERE ARE SOME HOEMTOWN TEMPS.  FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  AGDAY, AGRITALK, U.S.  FARM REPORT AND MORE - 24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP TODAY. 

TEASE
WE'LL TALK CATTLE PRICES AND WHAT THE LATEST CATTLE ON FEED REPORT  MIGHT TELL US ABOUT 2018. IN DROVERS TV - WITH MEAT PRODUCTION APPROACHING RECORD LEVELS, CAN  ANYTHING SUPPORT CATTLE PRICES? AND WISCONSIN CHEESMAKERS RESPOND WITH A GOOD DEED TO HELP PEOPLE  IN NEED FOLLOWING CATASTROPHIC STORMS. AGDAY - BROUGHT TO YOU BY LIBERTY HERBICIDE, THE SIMPLY BETTER SOLUTION FOR SUPERIOR WEED  CONTROL AND A STRONGER YIELD.

FLOOR OF THE CME
RECEIVE A FREE TRIAL OF THE DAILY GRAIN PLAN NEWS LETTER FROM ROACH AG MARKETING.  TEXT  ROACH TO 31313.  START YOUR SUBSCRIPTION BY TEXTING ROACH TO 31313. IN AGRIBUSINESS MORE GREEN ON THE CHARTS WEDNESDAY. LETS FIND OUT WHY FROM OUR FRIENDS ON THE FLOOR OF THE CME IN  CHICAGO. TODAY IN SOYBEANS IT WAS UNCHANGED IT REALLY TRADED BOTH SIDES OF THE MARKET TODAY. BUT THE FUTURE IS CONSOLIDATED AND THEY REMAIN VERY FIRM UP $9 IN 92 CENTS. THAT IS VERY FIRM WE HAVEN'T BEEN ABLE TO BREAK TO THAT $10 MARK BUT THE MARKET STILL REMAINS STRONG. THERE NEEDS THERE NEEDS TO BE LIKE SOME NEW NEWS TO GIVE THE MARKET A LITTLE BIT OF DIRECTION. NOW CORN ON THE OTHER HAND ALSO WAS HIGHER NOW. IT REALLY BOUNCED OFF THE CONTRACT LOWS AND WHEN AND WHEN IT GOT OUT OF THE CONTRACT LOWS IT DREW IN SOME BARGAIN HUNTING AND THEY REALLY CAME IN PRETTY FEVERISH AND GOT THE MARKET UP. SO IT LOOKS VERY STRONG. AND WE ALSO KNOW THAT THE FUNDS HAVE A BIG SHORT POSITION SO THEY'RE KIND OF HOLDING THE MARKET DOWN BUT IT'S GOING TO TAKE A LITTLE BIT MORE NEWS TO GET THIS GET FOLLOW THROUGH SELLING TO PUSH IT EVEN LOWER. AND TODAY JUST WAS NOT THEIR DAY THE MARKET REALLY TURNED AROUND JUST AS WELL AS THE MARKET JUMPED UP AND THE FUTURES REALLY REBOUNDED OFF THE CONTRACT LOWS. LET'S TAKE A LOOK AT THE FEEDERS THOUGH BECAUSE THEY'RE ALSO RISING AND THEY HAD THEIR HIGHER PREMIUMS AND THAT'S REALLY POSITIVE FOR THE PRODUCERS. NOW THAT REALLY LENDS ITSELF TO A LITTLE BIT MORE OPTIMISM ON THE HORIZON. IF THAT CONTINUES THEN WE'RE GOING TO SEE FEEDER CATTLE AND THE CATTLE THE LIVE CATTLE MARKET BOTH MOVING UP. THAT'S ALL FROM THE FLOOR AT THE CME GROUP HERE IN CHICAGO IN VIRGINIA MAGATHEY.

AGRIBUSINESS
EVEN WITH DECEMBER AND HOLIDAY BUYING STARTING TO SLOW DOWN AT  RETAILS, CATTLE PRICES ARE HANGING TOUGH. CAN THAT CONTINUE. TYNE MORGAN ASKS THE QUESTION FROM THE AGRIBUSINESS DESK. WELCOME BACK. MATT BENNETT JOINING US NOW WITH BENNETT CONSULTING. MATT WE'VE GOT THE  LATEST CATTLE ON FEED NUMBERS. I MEAN IT JUST SHOWS THERE'S REALLY NO SIGNS OF A SLOWDOWN  RIGHT NOW WHEN YOU LOOK AT THESE NUMBER ON FEED. THIS HERD JUST KEEPS GROWING. BUT AT THE  SAME TIME IT'S PRETTY GOOD. SO DO YOU THINK DEMAND CAN KEEP UP WITH THE SUPPLY NUMBERS AT  THIS POINT. DEMANDS OBVIOUSLY BEEN PRETTY GOOD. YOU KNOW THIS HAS BEEN KIND OF A INVERTED  MARKET FOR QUITE SOME TIME. YOU'VE HAD A FAIR AMOUNT OF YOU KNOW INV. IN THE MARKET. 110  PERCENT OF LAST YEAR. PRETTY GOOD NUMBERS FOR CATTLE ON THE GO. BUT BOTTOM LINE IS YOU KNOW  SOME OF THESE PROFIT MARGINS HAVE ACTUALLY BEEN REALLY GOOD. THE THING THAT'S TOUGH FOR ME IS  BUY IN FEEDERS RIGHT NOW AND THEN HEDGE ON OUT ON THE FATS I MEAN IT'S ONE OF THOSE THINGS  WHERE WE'VE STILL GOT TO TAKE A LEAP OF FAITH. SO WHAT IS YOUR ADVICE RIGHT NOW FOR CATTLE  PRODUCERS OUT THERE. I MEAN PRICES HAVE BEEN SURPRISING I THINK A LOT OF FOLKS DIDN'T THINK THAT  WE WOULD SEE THE PRICES THAT WE'VE SEEN THAT THE LATTER HALF OF THIS YEAR. NOT SURE IF THAT CAN  CONTINUE INTO 2018. SO IF IT DOESN'T YOU KNOW WHAT CAN THEY BE DOING. WELL A LOT OF THE GUYS  THAT I KNOW BREAK EVENS ARE BELOW EVEN SOME OF THE DEFERRED MONTHS AND SO I CERTAINLY  WOULDN'T BE SITTING ON MY HANDS I DON'T WANT TO TAKE TOO MUCH FOR GRANTED BECAUSE BY ALL  MEANS OF THESE CATTLE ON FEED NUMBERS THERE'S NO QUESTION THAT WE COULD END UP TAKING THIS  MARKET DOWN. NOW WE ARE A LITTLE BIT OVERSOLD AT THE TIME. BUT AT THE SAME TIME THESE  NUMBERS WOULD SUGGEST TO ME THAT I DON'T SEE ANY REASON WHY WE COULDN'T SLIDE JUST A LITTLE  BIT MORE SO. ME PERSONALLY I WANT TO BE LOCKING IN PROFIT MARGINS WHENEVER THEY EXIST. SO YOU  DON'T EVEN THINK THAT THE PRICES TODAY CAN HOLD UP AT LEAST FOR THIS CASH CROP OR DO YOU. OH I  THINK THEY CAN HOLD UP TO AN EXTENT BUT I DON'T WANT TO TAKE TOO MUCH FOR GRANTED. I MEAN I  WANT TO AT LEAST HEDGE A PORTION OF THEM BECAUSE IF YOU DON'T NEED TO HAVE SLIDE MORE IF YOU  ALREADY HAD PROFIT ON THE TABLE BASICALLY YOU'RE GOING TO BE KICKING YOURSELF. WELL YOU KNOW  WE'RE IN THE HEAT OF HOLIDAY DEMAND. THANKSGIVING IS BEHIND US LOOKING AT CHRISTMAS. DO WE  NEED A HOLIDAY TO ME TO JUST KEEP UP WITH NORMAL PACE OR DO WE NEED TO SEE A CONSIDERABLE  INCREASE IN THAT. WELL I THINK WE'RE GOING TO HAVE TO SEE AN INCREASE OVER WHAT WE SAW LAST  YEAR BECAUSE BASICALLY WE'VE GOT HIGHER NUMBERS THAN WHAT WE HAD LAST YEAR. AND I THINK  THAT THAT'S WHAT THE MARKET IS ASSUMING IS THAT THIS DEMAND IS GOING TO CONTINUE TO RATCHET UP  JUST A LITTLE BIT MORE AND A LITTLE BIT MORE AND I THINK THERE'S NO QUESTION PEOPLE LIKE EATING  BEEF WE ALL KNOW THAT. LET'S JUST HOPE THAT THEY REALLY LIKE IT THIS YEAR. THANKS MATT. WE  APPRECIATE IT. STAY WITH US WE'LL BE BACK WITH MORE AGDAY IN JUST A MOMENT.  AGDAY - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM BAYER.  DESIGNED USING SMART  GENETICS WITH TAILORED VARIETIES TO FIT ANY FIELD CONDITION. 

WEATHER
WELCOME BACK TO AGDAY HERE WITH CINDY CLAWSON LOOKING AT THE WEATHER MAPS AND IF WE  LOOK AT THE FRONTS HERE IT LOOKS LIKE MAYBE THERE'S A LITTLE BIT OF PRECIPITATION THAT WE CAN  EXPECT IN CERTAIN PARTS OF THE COUNTRY. YEAH. AND A LOT OF THE NATION'S MIDSECTION WILL BE DRY IF  YOU HAVE ANY FIELD WORK THAT STILL NEEDS TO BE DONE. BUT IT'S KIND OF THE EASTERN PART OF THE  COUNTRY WE'RE GOING TO BE WATCHING. LET'S TAKE A LOOK AND SEE HOW THINGS ARE SHAPING UP.  AND WE HAVE TWO FRONTS THAT WILL BE AFFECTING THE COUNTRY OVER THE NEXT DAY OR TWO. ONE IS  GOING TO BE IN THE EASTERN PART OF THE COUNTRY THAT'S GOING TO BE BRINGING SOME RAIN TO AREAS  IN THE EASTERN THIRD OF THE COUNTRY AS THAT MOVES ON OFF TO THE EAST. HIGH PRESSURE IS GOING TO  CONTROL MOST OF THE PLAIN STATES LOOK FOR SOME DRY WEATHER THERE. AND WE'RE GOING TO HAVE  MORE WET WEATHER IN THE PACIFIC NORTHWEST ACTUALLY AS A COUPLE OF FRONTS START TO MAKE THEIR  WAY THROUGH BRINGING SOME RAIN AND UPPER ELEVATIONS SNOW PUTTING THIS INTO MOTION YOU'LL  SEE THAT COLD FRONT SWINGING TO THE EAST AND FAR NORTHERN REACHES RIGHT NEAR THE BORDER MIGHT  ACTUALLY SEE A LITTLE BIT OF SNOW BUT FOR THE MOST PART THIS IS RAIN BECAUSE WE'VE BEEN SEEING  SOME MILDER TEMPERATURES THERE IS THAT HIGH PRESSURE REALLY TAKING CONTROL OF THE NATION'S  MIDSECTION WITH SOME RAIN AND UPPER ELEVATION SNOW FOR THE PACIFIC NORTHWEST. AND AS WE  HEAD INTO YOUR THURSDAY NIGHT EARLY FRIDAY MORNING THAT FRONT STARTS TO SWING OUT TO SEE YOU  START TO SEE THAT AFFECTING THE FAR EASTERN PARTS OF THE MID-ATLANTIC AND THE NORTHEAST WILL SEE  THAT FIRST COLD FRONT STARTING TO COME INTO TOWARDS THE NORTHERN PLAINS A LITTLE BIT OF UPPER  ELEVATION SNOW THERE YOU GOT A SECOND FRONT THAT'S APPROACHING THE PACIFIC NORTHWEST. AND  AS WE HEAD THROUGH THE DAY ON FRIDAY THE COLD FRONT SWINGS OUT TO SEA MIGHT STILL SEE A LITTLE  BIT OF RAIN AS IT STILL TRAILS ALONG FLORIDA BUT OTHERWISE THAT HIGH PRESSURE MOVES ON THROUGH  THE GREAT LAKES AREA AND AFFECTS MUCH OF EASTERN UNITED STATES. ALL RIGHT THEN AS WE TAKE A  LOOK AT OUR PRECIPITATION ESTIMATES GOING TO BE THOSE TWO ITEMS THAT WE'LL BE WATCHING THE RAIN  IN THE EASTERN PART OF THE COUNTRY. NOTHING TOO TERRIBLY HEAVY. THE HEAVIER MOISTURE IS GOING  TO BE IN THE PACIFIC NORTHWEST ESPECIALLY THAT FAR NORTHWESTERN PART OF OREGON AND INTO BRITISH  COLUMBIA. AND AS WE TAKE A LOOK AT THE SNOWFALL THAT'S MAINLY GOING TO BE IN THE PACIFIC  NORTHWEST THOUGH THOSE HIGHER ELEVATIONS. MOST OF THE EAST IS GOING TO BE STAYING NORTH OF  THE BORDER BUT WE WILL SEE A LITTLE BIT PERHAPS IN PARTS OF NEW ENGLAND AS FAR AS TEMPERATURES  GO. WE'VE BEEN ON THE MILD SIDE AND A LOT OF THE COUNTRY A LOT OF 40S AND 50S ACROSS THE  NORTHERN TIER STATES. 60S AND 70S IN THE SOUTH SOME 40S OFF IN THE PACIFIC NORTHWEST AS WELL.  AS WE HEAD INTO THOSE OVERNIGHT HOURS WE'RE GOING TO BE SEEING TEMPERATURES IN THE 20S  AND 30S NORMALLY WE SEE TEMPERATURES A LITTLE COOLER THAN THAT ESPECIALLY IN THE UPPER  MIDWEST 50S AND 60S ACROSS MOST OF THE SOUTHERN UNITED STATES AND TOMORROW WE'RE GOING  TO BE SEEING MAYBE A FEW MORE 40S SNEAKING INTO THE EASTERN PART OF THE COUNTRY. BUT  OVERALL WE'RE STILL SEEING TEMPERATURES NEAR OR ABOVE NORMAL IN A LOT OF THE UNITED STATES.  THAT'S A LOOK AT YOUR NATIONAL FORECAST. NOW LET'S CHECK ON THE WEATHER WHERE YOU LIVE.  FOREST PARK MONTANA SUNNY AND NOT QUITE AS WINDY TODAY WITH A HIGH OF 44 DEGREES.  BLACKWELL OKLAHOMA PLENTY OF SUNSHINE FOR YOU WITH A HIGH OF 56. FIFTY EIGHT DEGREES IN OAK  HILL OHIO. RAIN WILL BE ARRIVING IN THE AFTERNOON. 

TEASE
CAN CATTLE PRICES HANG-ON IN 2018? WE'LL TAKE A LOOK COMING UP ON OUR DROVERS TV REPORT. AND SEE HOW CHEESEMAKERS ARE DIGGING DEEP TO HELP FAMILIES IN TEXAS  AND FLORIDA STRUGGLING TO RECOVER AFTER HURRICANES UP-ENDED THEIR  LIVES AND HOMES. SHOP MACHINERY PETE'S CYBER SALE FROM NOV. 27 TO DEC. 4.  FIND SPECIAL REDUCED PRICE  DEALS ON ALL TYPES OF EQUIPMENT FROM DEALERSHIPS ACROSS THE COUNTRY.  MAKE A PURCHASE AND  RECEIVE $200 EXTRA HOLIDAY CASH – VISIT WWW.MACHINERYPETE.COM/SALE  

DROVERS TV
DROVERS TV ON AGDAY IS BROUGHT TO YOU BY QLF.  FOR 40 YEARS, QLF HAS BEEN PROUD TO  SUPPORT AMERICAN FARMERS THAT FEED THE WORLD. IN NEWS FROM OUR REPORTING PARTNERS AT DROVERS - THE LATEST STERLING PROFIT TRACKER SHOWS FEEDYARDS WITH 90 DOLLAR  PER HEAD PROFITS LAST WEEK. THE POSITIVE MOVE ASSOCIATED WITH FALLING BREAK EVENS  AS FEED COSTS  CONTINUE TO DROP. PACKER MARGINS ALSO IN THE GREEN AT PLUS 120 DOLLARS PER HEAD. FOR 2017 AS A WHOLE, THE STERLING PROFIT TRACKER IS CALLING FOR POSITIVE  GAINS FOR FEEDER AND PACKERS. CASH PROFIT MARGINS FOR COW-CALF PRODUCERS EXPECTED TO AVERAGE  $136 PER COW.  ANALYSTS TELL THE FOLKS AT DROVERS, THAT THE DRIVING FACTOR BEHIND  CATTLE PRICES IN THE NEW YEAR WILL BE THE CONTINUED EXPANSION OF TOTAL  RED MEAT AND POULTRY SUPPLIES.  AMPLE CORN SUPPLIES AT LOWER PRICES SUGGESTS MORE CORN WILL BE USED  TO FEED HOGS AND CATTLE. BEEF PRODUCTION IN 2018 IS NOW FORECAST AT 27.7 BILLION POUNDS, WHICH  WOULD BE NEARLY 5 PERCENT (4.6%) HIGHER THAN 2017.  IF THAT PRODUCTION NUMBER BECOMES REALITY, IT WOULD BE THE LARGEST  AMOUNT OF BEEF EVER PRODUCED IN THE U.S., SURPASSING THE PREVIOUS  RECORD SET BACK IN 2002. GREG HENDERSON: "ON A PER CAPITA BASIS, U.S. BEEF CONSUMPTION IN 2018 WOULD TOTAL 59.2 POUNDS ON A RETAIL WEIGHT BASIS, ABOUT 3.3% MORE THAN IN 2017. PER CAPITA CONSUMPTION TOTALS CAN CHANGE  BASED ON TRADE DATA AND PRODUCTION SHIFTS, BUT IF CONSUMPTION REACHES THE 59.2 POUNDS PER  PERSON PROJECTION, IT WOULD BE THE LARGEST YEAR-OVER-YEAR INCREASE IN BEEF CONSUMPTION SINCE  THE MID-1970S."HENDERSON SAYS THE DATA SUGGESTS CATTLE PRICES COULD SEE PRESSURE  IN 2018...BUT MUCH OF IT WILL DEPEND ON EXPORTS. BEEF EXPORTS WERE UP 11.5% IN 2017 AND ANALYSTS PROJECT ANOTHER 4%  INCREASE IN SALES OVERSEAS NEXT YEAR...HELPING TO SUPPORT PRICES. RESEARCHERS AT KANSAS STATE UNIVERSITY HAVE MADE BIG GAINS IN THE  FIGHT AGAINST THE DEVASTATING PIG DISEASE COMMONLY KNOWN AS PRRS PORCINE REPRODUCTIVE AND RESPIRATORY SYNDROME COSTS THE PORK. INDUSTRY OVER 600 MILLION DOLLARS A YEAR.  IT CAN DECIMATE ENTIRE  LITTERS OF YOUNG PIGS IN A SINGLE SEASON. HOWEVER, A NEW STUDY IN THE COLLEGE OF VETERINARY MEDICINE AT K-STATE  IS DEMONSTRATING PROMISING RESULTS TOWARD STOPPING PRRS IN ITS  TRACKS. RESEARCHERS FOUND A WAY TO PROTECT OFFSPRING FROM THE VIRUS DURING  PREGNANCY.  BY BLOCKING A CERTAIN GENETIC PROTEIN RECEPTOR,  MOTHERS ARE  RESISTANT TO PURRS AND GIVE BIRTH TO HEALTHY, NORMAL PIGLETS. BOB ROWLAND, PROFESSOR, DEPARTMENT OF DIAGNOSTIC MEDICINE AND PATHOBIOLOGY, COLLEGE OF VETERINARY MEDICINE, KANSAS STATE UNIVERSITY " IT'S JUST LIKE YOUR FRONT DOOR. YOU HAVE A HANDLE; THE VIRUS GRABS THE HANDLE AND TURNS IT AND  CAN GET IN. WHAT WE DID IS REMOVE THE HANDLE. IT NO LONGER HAS ANYTHING TO GRAB ONTO."  > ROWLAND SAYS THE YOUNG PIGLETS - THOUGH FREE OF PRRS AT BIRTH - ARE  NOT NECESSARILY RESISTANT TO PRRS OVER THE COURSE OF THEIR LIFETIME. HOWEVER HE'S OPTIMISTIC THAT A PIGLET BORN HEALTHY BECAUSE OF THIS  NEW PROCESS WOULD RESPOND BETTER TO FUTURE PRRS TREATMENTS AND  VACCINES.

TEASE
TIME AND TIME AGAIN WE SEE HOW RURAL AMERICA STEPS-UP TO HELP PEOPLE  IN NEED - WHETHER IT'S THEIR NEIGHBORS OR STRANGERS. WE HAVE MORE  EVIDENCE OF THAT GENEROSITY, WHEN AGGDAY CONTINUES.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  LEARN MORE ABOUT  KUBOTA SSV SERIES SKID STEERS AT KUBOTA.COM. OR DEMO ONE AT YOUR  LOCAL KUBOTA DEALER TODAY. IT'S THE SEASON OF GIVING. BUT FOR MANY IN THE AGRICULTURAL SECTOR  THEY'VE BEEN GIVING FOR MONTHS. FOLKS FROM THE WISCONSIN DAIRY INDUSTRY STEPPED UP TO HELP VICTIMS OF  THE HURRICANES THAT STRUCK TEXAS AND FLORIDA. IN THE VIDEO FROM THE WISCONSIN MILK MARKETING BOARD, WE MEET SOME  OF THE PEOPLE RESPONSIBLE FOR THESE GOOD DEEDS. IT ALL STARTED WITH A HOPEFUL PLEA ON SOCIAL MEDIA. IN THE WAKE OF HURRICANE DEVASTATION IN  TEXAS AND FLORIDA, PEOPLE WANTED SOME COMFORT FOOD. AND THAT COMFORT FOOD WAS WISCONSIN  CHEESE. LIZZY SCHULTZ, SOCIAL MEDIA SPCT. WISCONSIN MILK MARKETING BOARD "WE WERE JUST DEEPLY  SADDENED BY IT AND SO SINCE OUR FARMERS ARE ALWAYS FOCUSED ON HELPING WE THOUGHT WHAT A  GREAT OPPORTUNITY TO USE WHAT WE HAVE IN WISCONSIN AND GIVE THAT BACK TO THE COMMUNITIES  THAT WERE SO DEVASTATED BY THESE HURRICANES."SO THE WISCONSIN MILK MARKETING BOARD REACHED OUT TO A FEW CHEESEMAKERS TO SEE IF THEY  WOULD BE WILLING TO DONATE A FEW POUNDS OF CHEESE TO THE RELIEF EFFORTS! OVER 45, 000 POUNDS  OF DAIRY PRODUCTS WERE SENT TO TEXAS AND FLORIDA THANKS TO THE COORDINATED EFFORTS OF THE  INDEPENDENT PROCUREMENT ALLIANCE PROGRAM, OR IPAP, AND MIDWEST REFRIGERATED SYSTEMS  WHO SAFELY DELIVERED THE CHEESES. JIM KOEBLE, VP TRANSPORTATION MIDWEST REFRIGERATED SYSTEMS MILWAUKEE, WI "OUR TAGLINE  IS…MIDWEST VALUES NATIONWIDE SERVICE. SO WE'RE SHIPPING WISCONSIN FOOD MANUFACTURED  PRODUCTS, CHEESE, DAIRY PRODUCTS, ALL OVER THE COUNTRY. JUST A PERFECT WAY FOR US TO GO TO." SCOTT EITHUN, PRESIDENT IPAP INDEPENDENT PROCUREMENT ALLIANCE PROGRAM APPLETON, WI "IT  WAS A GREAT OPPORTUNITY TO SHOWCASE THE STRENGTHS OF WISCONSIN'S CHEESE PROGRAM AND THE  OPPORTUNITY AND WORKING WITH FARMERS AND CHEESEMAKERS TO CONTRIBUTE TO A SITUATION LIKE." AND ALL THAT CHEESE WAS A HUGE COMFORT TO THE FOLKS TRYING TO GATHER SOME SEMBLANCE OF  NORMALCY IN STORM-BATTERED AREAS. "WELL, IT WAS PRETTY EXCITING BECAUSE AS YOU KNOW THEY DON'T HAVE A LOT OF COWS AND THEY  DON'T HAVE A LOT OF CHEESE DOWN THERE. AND SO, TO BRING IN A FRESH PRODUCT LIKE CHEESE IS A  COMFORT FOOD AND IT WAS VERY WIDELY ACCEPTED." "JUST A FEW DAYS AFTER THE STORM THEY WERE STILL IN MAJOR RECOVERY MODE. SO WE SAT IT OUT AND  GOT THE CHEESE SAFELY DELIVERED AND INTO THE RIGHT HANDS SO IT COULD GET TO THE PEOPLE THAT  NEEDED IT." AND THAT'S WISCONSIN DAIRY NEWS. BOTH I-PAP AND MIDWEST REFRIGERATED SERVICES DONATED TIME AND  SHIPPING SERVICES AS THEY WERE GEARING UP FOR ONE OF THE BUSIEST  HOLIDAY SEASONS OF THE YEAR, WITH BOTH EFFORTS WITHIN WEEKS OF EACH  OTHER.

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. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS. 

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