AgDay Daily Recap -October 12, 2017

October 12, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 12, 2017


HEADLINES
THE AG INDUSTRY PREPARES FOR ANOTHER  BIG REPORT FROM USDA. PLUS, PRICE PROBLEMS FOR THE DAIRY FARMERS. IN AGRIBUSINESS...INTEREST RATES. AND SOME "SPIRITED" DEBATE ABOUT WHAT CAN BE CONSIDERED WINE.  AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

CROP PRODUCTION PREVIEW
GOOD MORNING I'M CLINTON GRIFFITHS. LATER TODAY USDA WILL ROLL OUT FRESH CROP PRODUCTION ESTIMATES AND  THE TRADE SAYS THESE OCTOBER NUMBERS COULD SET MARKET DIRECTION  FOR THE REST OF THE YEAR. THE LATEST WASDE REPORT UPDATES YIELD FORECASTS FROM USDA ALONG  WITH WORLD SUPPLY AND DEMAND NUMBERS. MARKETS NOT GETTING EXCITED AHEAD OF THE REPORT WITH WEDNESDAY  SEEING MIXED TRADE AT THE CME IN CHICAGO. THAT EVEN AS THE LATEST CROP PROGRESS NUMBERS PUT HARVEST AT A  SNAILS PACE AT JUST 22 PERCENT COMPLETE. ON THE SOYBEAN SIDE, HARVEST ISN'T GOING MUCH FASTER WITH RAINS  SLOWING PROGRESS OVER THE PAST WEEK. TRADERS SAY-- YIELDS WILL BE THE KEY. THE BIG TICKET ITEM HERE IS THE YIELD NUMBER. A LOT OF TRADERS BELIEVE THAT USDA MIGHT GO  SLIGHTLY HIGHER WITH THEIR YIELD NUMBER THIS MONTH AFTER INCREASING IT IN BOTH AUGUST AND  SEPTEMBER. SO WE'RE LOOKING FOR A NUMBER RIGHT AROUND 50 BUSHELS PER ACRE NATIONALLY IN A  LOT OF THE EARLY YIELDS HAVE BEEN A LITTLE BIT BETTER THAN EXPECTED. BUT WE'VE REALLY JUST SEEN  THE TIP OF THE ICEBERG SO FAR THERE'S BEEN A LOT OF DELAYS IN TERMS OF HARVEST A LOT OF WET  WEATHER. SO A LOT REMAINS TO BE SEEN BUT THAT USDA REPORT AGAIN THURSDAY MORNING.

PEANUT PREDICTIONS
PEANUT GROWERS ALSO LOOKING FOR FRESH PRODUCTION FORECASTS...EVEN  AS HARVEST ROLLS ACROSS THE SOUTH. THE SEPTEMBER PREDICTIONS HAD 2017 PRODUCTION ON PACE TO ECLIPSE PRIOR RECORDS...INCLUDING 2012'S 3 POINT 3 MILLION TONS. THE INDUSTRY EVEN WONDERING IF THERE'S GOING TO BE ENOUGH CERTIFIED  WAREHOUSE SPACE.

FLORIDA ORANGES
THE NATIONAL ORANGE CROP ALSO EXPECTED TO SEE FRESH PRODUCTION  FORECASTS IN THE WASDE REPORT TODAY. MEANWHILE, FLORIDA GOV. RICK SCOTT AND AGRICULTURE COMMISSIONER  ADAM PUTNAM ARE IN WASHINGTON THIS WEEK TO MEET WITH STATE  LAWMAKERS. THEY'RE HOPING TO PUSH FOR A DISASTER RELIEF PACKAGE TO HELP SUNSHINE  STATE FARMERS RECOVER FROM HURRICANE IRMA.  NEW NUMBERS PUT TOTAL AG LOSSES FROM HURRICANE IRMA AT AN ESTIMATED  TWO-AND-A-HALF BILLION DOLLARS. THE FLORIDA DEPARTMENT OF AGRICULTURE REVISING IT'S OWN ORANGE CROP  FORECAST. IT COMES IN AT 31 MILLION BOXES. THAT'S THE LOWEST LEVEL SINCE 1942.

CALIFORNIA WILDFIRES
MEANWHILE THE PRESIDENT SAYS HE'LL STAND WITH THE PEOPLE OF  CALIFORNIA AS THEY BATTLE INTENSE FIRES. CHARRED BUILDINGS, VINYARDS AND HOMES BEING FOUND IN CALIFORNIA'S  NAPA AND SONOMA VALLEYS. THERE ARE MORE THAN 100,000 ACRES OF WINE GRAPES PLANTED IN THE TWO  COUNTIES, WHICH ARE HOME TO MORE THAN 650 WINERIES. MULTIPLE PEOPLE HAVE DIED AND AT LEAST 2,000 STRUCTURES HAVE BEEN  DESTROYED IN NORTHERN CALIFORNIA. INVESTIGATORS ARE LOOKING INTO THE CAUSES, BUT AS OF AIR TIME, NO  DETERMINATION HAS BEEN MADE AT ANY OF THE 17 SITES OF MAJOR SITES.

NAFTA ROUND 4
BACK IN WASHINGTON, DAY 1 OF ROUND 4 NAFTA NEGOTIATIONS IS NOW IN THE  BOOKS. WHILE THE PRESIDENT ONCE AGAIN THROWING OUT BIG THREATS TO NIX THE  TRADE DEAL.  IT WAS SMILES AND HANDSHAKES AS PRESIDENT TRUMP WELCOMED CANADA  PRIME MINISTER JUSTIN TRUDEAU TO THE WHITE HOUSE ON TUESDAY. THE PRESIDENT CALLED TRUDEAU "A GREAT FRIEND OF MINE". BUT AS FAR AS  NAFTA - THE PRESIDENT SHOWS NO SIGNS OF RETREAT. IN A RECENT FORBES MAGAZINE INTERVIEW, THE PRESIDENT SAYING HE THINKS  NAFTA WILL NEED TO BE SCRAPPED IN ORDER TO MAKE IT BETTER, SAYING,  QUOTE, -- I HAPPEN TO THINK THAT NAFTA WILL HAVE TO BE TERMINATED IF WE'RE GOING TO MAKE IT GOOD, END QUOTE. SO, WHAT HAPPENS IF THE U-S CAN'T STRIKE A NAFTA 2 POINT 0 DEAL? JIM  WIESEMEYER SAYS THAT'S A QUESTION NO ONE WANTS TO ANSWER.  WELL EVERY TIME I ASK A WHITE HOUSE OFFICIAL OR A TRADE OFFICIAL THAT FROM THE U.S. THEY GO  THAT'S CONJECTURE, LET'S HANDLE THAT WHEN IT HAPPENS. BUT YOU SHOULD ALWAYS HAVE A FALLBACK  PLAN. THE MARKET NEEDS TO KNOW THAT. BUT THEY WILL NOT ANSWER THAT. IS IT TO JUST CONTINUE THE  CURRENT NAFTA, BY THE WAY, THE ONE THAT TRUMP SAYS IS THE WORST TRADE AGREEMENT EVER. BUT  IF YOU DON'T HAVE ANY NAFTA, YOU'RE GOING TO SEE A UGLY DAY FOR THE MARKETS IN THE U.S.,  BECAUSE THAT OBLITERATES THE INTEGRATED NORTH AMERICAN MARKET. MEANWHILE THE AG INDUSTRY IS CALLING FOR CALM. FOLLOWING A WEEKEND MEETING IN CANADA, HOUSE AG CHAIRMAN MIKE  CONAWAY SAYS NAFTA IS "TOO IMPORTANT TO SCREW UP."  CONAWAY SAYS THE GOAL OF THE MEETING WAS TO ENSURE CANADA  UNDERSTAND THAT U.S. AG "HAS A KEEN INTEREST IN GETTING NAFTA DONE AND  DONE RIGHT." 

DAIRY PRODUCTION
MEANWHILE DAIRY ACCESS EXPECTED TO BE PART OF DISCUSSIONS...ALTHOUGH  TRADE EXPERTS SAY A DEAL COULD ALSO INCLUDE ALLOWING MORE DAIRY  PRODUCTS FROM CANADA AND MEXICO INTO THE U.S.. USDA'S LAST MILK PRODUCTION REPORT SHOWS AUGUST PRODUCTION AT 17  BILLION POUNDS, UP 2 PERCENT FROM LAST YEAR.  WITH A MAJOR INCREASE IN PRODUCT, HOW DO PRICES LOOK MOVING  FORWARD? NATIONAL REPORT BETSY JIBBEN LOOKED FOR ANSWERS AT LAST WEEK'S  WORLD DAIRY EXPO. KEITH YORK IS ONE OF THE THOUSANDS OF DAIRYMEN WHO ATTENDS WORLD  DAIRY EXPO. LIKE THE OTHERS, HE KEEPS WATCH ON MILK PRICES. "RIGHT NOW, WE'RE RIGHT AT THE COST OF PRODUCTION,"WE'RE KIND OF IN THIS PERIOD OF THE DOLDRUMS WHERE WE'RE NOT SEEING A LOT OF PRICE  MOVEMENT. 05 THE FUTURES MARKET INDICATES THAT AS WELL. 06 WE COULD BE LOOKING AT THIS TYPE  OF PRICE SITUATION 3,6,9 MONTHS DEPENDING ON WHAT HAPPENS WITH THE GOVERNMENT, FARM BILL,  NAFTA,"DESPITE THE UNCERTANITY OF WHAT'S AHEAD POLICY-WISE,BRYAN DOHERTY WITH STEWART-PETERSON SAYS IT'S GOING TO BE  CHALLENGING TO SEE MUCH OF A RALLY IN 2018. A PUSH IN PRICES WILL HAVE TO  COME FROM INCREASED DEMAND. FROM A PRODUCERS, PROSPECTIVE, RALLIES INTO THAT 17 OR 18 DOLLAR AREA, THAT'S PROBABLY ALL WE'RE  GOING TO COME BY, WE'RE HOPEFUL DEMAND WILL GET IT THERE BUT WHEN IT DOES, TAKE SOME  DEFENSIVE POSTERING.MIKE NORTH WITH COMMODITY RISK MANAGEMENT GROUP BELIEVES MILK  PRICES *COULD POTENTIALLY* MOVE HIGHER SHORT-TERM. THAT'S THANKS TO  HOLIDAY DEMAND FOR CHEESE. "IF THERE'S HOPE FOR AN UPTICK IN PRICE, GENERALLY NOW IS THAT TIME. 19 IF BUYERS COME FORWARD,  IF WE SEE SOME CONTINUATION OF THIS RECENT UPTICK IN CHEESE VALUE, IF WE CAN BREAK THROUGH  TEH 1.80 LEVEL IN CHEESE, THAT GIVES SOME OPTIMISM IN THE FALL FOR MILK PRICE. HOWEVER, I WOULD  PROVIDE CAUTION AS WE WENT BEYOND OCTOBER AND NOVEMBER."ANALYSTS SAY CHEESE MAY BE CARRYING PRICE. IT'S STRENGTHENED MORE  THAN CLASS III DESPITE USDA'S LAST COLD STORAGE REPORT SHOWING THERE'S ROUGHLY A RECORD  AMOUNT OF TOTAL NATURAL CHEESE INVENTORY. YOU HAVE GOOD DEMAND FOR CHEESE BUT YOU DON'T HAVE ENOUGH UNDER CURRENT  DEMAND FOR OTHER PRODUCTS TO PUSH PRICES MUCH HIGHER. FROM A PRODUCER'S PERSPECTIVE, I  DON'T WANT TO SOUND LIKE DEBBIE DOWNER BUT I DON'T SEE A LOT OF VARIABLES RIGHT NOW THAT WOULD  SUGGEST A REAL PUSH HIGHER IN PRICES UNTIL WE SEE PRODUCTION CURB IN AND DEMAND INCREASE  ABOVE WHERE IT IS OR BOTH,"NORTH BELIEVES BECAUSE OF THAT SEASONAL- DEMAND, CHEESE PRICES HAVE  THE POTENTIAL TO TICK HIGHER. "THERE'S STILL SOME POTENTIAL FOR CHEESE PRICES TO GO UP A LITTLE FURTHER,"THE QUESTION IS HOW HARDY OF AN APPETITE BUYERS HAVE AS WE HEAD TOWARDS FALL, HOW BIG OF  AN EXPORT UPTICK WE CAN SEE BASED ON FRIENDLY DYNAMIC THERE. OTHERS WORRY BUYERS ARE DONE PURCHASING CHEESE FOR THE HOLIDAYS. AND WE HOPED TO GET A PRICE BUMP FROM THAT HOLIDAY BUYING, WELL THAT'S ALL DONE  WITH ALREADY. 12 SO THERE ISN'T A LOT OF ENTHUSIASM WITH INCREASED PURCHASES GOING FORWARD TO  THE END OF HTE YEAR UNFORTUNATELY.

EVEN THOUGH THERE ARE HURDLES, PRODUCERS LIKE YORK REMAIN  OPTIMISTIC THE FUTURE IS BRIGHT. WE CAN CUT OUT PAUSES HERE TO MAKE SHORTER> <"I THINK THE DAIRY INDUSTRY, I THINK THE  DEMAND IS GOING TO INCREASE AND I THINK THE WORLD MARKET WILL ALWAYS HAVE THE DEMAND FOR  THE PRODUCT."REPORTING FOR AGDAY, I'M BETSY JIBBEN. THANKS BETSY. NORTH SAYS WHEY PRICES ARE RELATIVELY SOFT.  ADDING THAT IF THE U.S. CAN'T MARKET WHEY IT COULD DRAG THE MILK PRICE  DOWN FURTHER.

CENSKY, MCKINNEY AT USDA
AGRICULTURE SECRETARY SONNY PERDUE WELCOMED TWO LEADERS TO HIS  STAFF AT THE DEPARTMENT OF AG TUESDAY.  PERDUE SWORE IN STEVE CENSKY AS DEPUTY SECRETARY OF AGRICULTURE,  AND TED MCKINNEY AS USDA'S NEW UNDER SECRETARY OF AGRICULTURE FOR  TRADE AND FOREIGN AGRICULTURAL AFFAIRS. 

CROP COMMENTS
CINDI CLAWSON IS IN FOR MIKE HOFFMAN THIS WEEK. SHE JOINS US WITH TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. WE'LL START WITH COTTON IN ALABAMA. A CROP REPORTER IN HOUSTON  COUNTY SAYS THE JURY IS STILL OUT ON HOW MUCH DAMAGE WAS DONE TO  COTTON BY HURRICANE  NATE. PRIOR TO THE STORM 60-PERCENT WAS RATED GOOD TO EXCELLENT.  ABOUT A  QUARTER OF THE CROP HAS BEEN PICKED IN ALABAMA. IN NORTH DAKOTA SUNFLOWER HARVEST IS A BIT BEHIND. AS OF TUESDAY FOUR  PERCENT IS HARVESTED. THE FIVE YEAR AVERAGE IS TWELVE PERCENT. THE  CROP APPEARS TO HAVE STRUGGLED FROM DROUGHT. 37-PERCENT IS GOOD TO  EXCELLENT. A SIMILAR AMOUNT IS CALLED FAIR. AND NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
WHEN WE COME BACK, WE'LL DISCUSS INTEREST RATES AND HOW ITS EXPECTED  TO IMPACT BORROWERS  AND SOME BUBBLY FROM SPAIN RAISES NEW QUESTIONS ABOUT WHAT CAN BE  CONSIDERED WINE. HEAR THE DEBATE LATER ON AGDAY.

AGRIBUSINESS
IN ANALYSIS THIS MORNING, TYNE MORGAN JOINS US FROM THE ROAD WITH A  LOOK AT THE COST OF BORROWING MONEY AND INTEREST RATE EXPECTATIONS. HERE NOW WITH CHRIS NARAYANAN WHEN WE LOOK AT INTEREST RATES. CHRIS YOU KNOW WE  CONTINUE TO SEE A COUPLE OF MONTHS AGO WE THOUGHT OH MAYBE WE WON'T SEE ANOTHER INTEREST  RATE HIKE AND THEN WE HAD A RECENT FED MEETING WHERE IT SOUNDED LIKE THEY WERE PRETTY  CONFIDENT THAT WE WOULD SEE AN INTEREST RATE HIKE THIS YEAR. WHAT ARE YOUR THOUGHTS AT THIS.  WILL THE FED REALLY HASN'T CHANGED ARE THEY. I MEAN THEY KEEP SAYING THAT IT'S COMING AND  THERE'S ROOM FOR YOU KNOW ONE TO HELP WHAT USED TO BE TWO. NOW I WOULD SAY JUST ROOM FOR  ONE READY IN OCTOBER SO YOU KNOW WE COULD STILL SEE ONE MORE RATE BUT WE'RE NOT SEEING THE  INFLATION TARGET. NOW OBVIOUSLY THEY COULD CHANGE YOUR TARGETS THEY MIGHT LOOK AT OTHER  METRICS. AND SO THE MARKET TRADES AROUND AND THAT'S WHY WE'RE SEEING A LITTLE PRESSURE ON  THE U.S. DOLLAR IN ANTICIPATION OF THAT. BUT YOU KNOW WE REALLY WON'T KNOW UNTIL THE DECEMBER  MEETING. IT'S INEVITABLE THAT WE WILL SEE ANOTHER INTEREST RATE HIKE AT SOME TIME. YOU'RE JUST  SAYING IT MAY NOT BE THIS YEAR. RIGHT. I MEAN THEY MAY HAVE A SHOT TO DO ONE THIS YEAR AND  THEY CERTAINLY HAVE ROOM TO DO. I WOULD SAY AT LEAST TWO OR THREE NEXT YEAR BUT IT REALLY  DEPENDS ON HOW MUCH LONGER THEY WAIT. BUT LOOKING AT THE MACRO PICTURE WHAT TELLS YOU THAT IT'S A POSSIBILITY THAT THEY WOULD RAISE INTEREST RATES I MEAN WHAT SIGNALS ARE WE SEEING THAT  THE ECONOMY IS DOING PRETTY WELL. YOU KNOW PERSONALLY I DON'T SEE IT BECAUSE I MEAN WE'RE  CERTAINLY SEEING IMPROVEMENT IN REVENUE TOP LINE GROWTH. YOU KNOW UNEMPLOYMENT'S REALLY  LOW BUT YOU KNOW WE'RE NOT SEEING THE INFLATION INDICATORS AT LEAST THE ONES THEY HAVE YOU  KNOW SAID THAT THEY'VE LOOKED AT IN THE PAST. WE'RE JUST NOT THERE YET. NOW OBVIOUSLY THEY  COULD ALSO ACT IF THEY'RE SCARED THAT IT MIGHT OVERHEAT VERY QUICKLY AND THEY HAVE YOU KNOW  THEY CAN YOU KNOW KEEP IT UNDER CONTROL. AND SO THEY MIGHT DO A PREEMPTIVE HIKE. BUT EVEN  THAT YOU KNOW LOW LIKELY. YOU KNOW CHRIS WHEN WE LOOK AT HURRICANE URMI IRMA HURRICANE  HARVEY WHEN WE LOOK AT SOME OF THESE THESE HURRICANES THAT CAME THROUGH THAT REALLY DID A  NUMBER ON THE ECONOMIES IN THE LOCAL ECONOMIES THERE. WILL THAT HAVE ANY IMPACT AT ALL  WHEN YOU LOOK OVERALL YOU KNOW IN THE MACRO PICTURE PROBABLY NOT SADLY SAYING OBVIOUSLY  THERE'S A LOT OF PEOPLE THAT WERE PRAYING FOR HIM THAT YOU KNOW THEY CAN RECOVER AS QUICKLY  AS POSSIBLE. BUT YOU KNOW WHEN YOU SEE LOCALIZED EVENTS LIKE THAT YOU KNOW YOU CERTAINLY  SEE THE LOCAL MARKETS STEPPING IN AND PEOPLE HELPING EACH OTHER OUT BUYING MORE MATERIALS  TO HELP REBUILD. BUT IT DOESN'T CHANGE THE SCOPE OF THE ENTIRE YOU KNOW U.S. ECONOMY AND  THE GLOBAL ECONOMY. BUT DO YOU THINK THAT THE FED NEEDS TO RELEASE SOME OF THEIR BALANCE  SHEET I MEAN THEY'VE GOT TO BE. OH ABSOLUTELY. I MEAN THEY'VE GOT YOU KNOW TRAINS A BUNCH  TRILLIONS OF DOLLARS. YOU KNOW THEY NEED A REASON THEY NEED AND THEY'RE MINDFUL THAT IF THEY DO  TOO QUICKLY THEY'RE GOING TO OVERHEAT THE ECONOMY AND IT'S JUST YOU KNOW IT AND ALL OF A  SUDDEN WE'RE BACK TO WHERE WE WERE 10 YEARS AGO. AND THAT'S ONE THING THEY SAID THEY DON'T  WANT TO DO IS OVER HEAT THE ECONOMY. ALL RIGHT CHRIS THANKS SO MUCH. WE APPRECIATE IT. STAY  WITH US WE'LL HAVE MUCH MORE AGDAY WHEN WE COME BACK.  AGDAY - BROUGHT TO YOU BY LIBERTY HERBICIDE, THE SIMPLY BETTER SOLUTION FOR SUPERIOR WEED  CONTROL AND A STRONGER YIELD. 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY KAWASAKI AND THE NEW MULE PRO-FXR™ SIDE X  SIDE. RIDE LIKE A BOSS WITH HIGH-END STYLING AND RUGGED CAPABILITY. WELCOME BACK TO AGDAY HERE WITH CINDY CLAASSEN CINDY AS WE LOOK AT THE MAP IT HAS BEEN  WET IN PARTS THAT ARE TRYING TO HARVEST. BUT YOU THINK YOU COULD DRY OUT A LITTLE BIT. YEAH I MEAN  AT LEAST OVER THE NEXT COUPLE OF DAYS WE'RE GOING TO HAVE AT LEAST SOME DRIER CONDITIONS  WHETHER IT'S DRY ENOUGH TO DRY THINGS OUT ENOUGH TO GET INTO THE FIELDS. THAT'S THE QUESTION.  BUT WE ARE GOING TO SEE THE SUN FINALLY STARTING TO RETURN INTO PARTS OF THE CORN BUT YOU'VE GOT  HIGH PRESSURE THERE IN THE NATION'S MIDSECTION AND THAT IS GOING TO HELP THE TWO MAIN AREAS  TO WATCH THOUGH ARE GOING TO BE HERE IN THE EASTERN UNITED STATES. WE'VE GOT THIS LOW  PRESSURE SYSTEM SO WE'LL SEE A LITTLE BIT OF RAIN WITH THAT. MAINLY IN THE MID-ATLANTIC STATES BUT  ALSO IN THE FAR NORTHWEST. WE'VE GOT SEVERAL DAYS OF KIND OF THAT RAIN AND HIGH ELEVATIONS  SNOW WE DON'T SEE A LOT HAPPENING IN THE NATION'S MIDSECTION. WE'VE GOT THE CLOUDS MAYBE  SOME FOG TO START THE DAY BUT WE'RE GOING TO SLOWLY SEE THAT BEING SCOURED OUT BY THAT HIGH  PRESSURE AS EVERYTHING MOVES OFF TO THE EAST. NOW WE HAVE A FRONT GOING THROUGH THE  NORTHERN PLAINS. NOT A TON OF MOISTURE WITH IT AT LEAST IN THE EARLY GOING IT WILL EVENTUALLY PICK  UP SOME MOISTURE AS WE HEAD INTO THE WEEKEND AND THAT GETS A LITTLE BIT FURTHER TO THE EAST.  BUT FOR NOW IT LOOKS LIKE A LOT OF AREAS IN THE CORN BELT WILL HAVE MAYBE A COUPLE OF DAYS AT  LEAST OF DRY WEATHER TO REALLY GET SOME WORK DONE AS WE HEAD IN THROUGH THE DAY ON FRIDAY  WILL START TO SEE THAT FRONT GETTING INTO THE GREAT LAKES AND THAT'S WHEN WE START TO PICK UP A  LITTLE BIT OF MOISTURE. AND AS WE GET INTO AGAIN THE MID-ATLANTIC YOU'RE STILL LOOKING AT SOME  RAIN THERE AND SOME HIGH ELEVATION SNOW WITH SOME RAIN IN THE LOWER ELEVATIONS IN THE  NORTHWEST. HERE'S A LOOK AT THE PRECIPITATION ESTIMATE THE PAST 24 HOURS HAS REALLY BEEN WITH  THAT LOW IN THE NORTHEAST AND MID-ATLANTIC STATES. AS WE LOOK AT THE NEXT 24 HOURS REALLY THE  BIG AREA TO WATCH IS ONLY A LITTLE BIT IN THE SOUTHEAST BUT THAT RAIN AND UPPER ELEVATIONS SNOW  IN THE NORTHWEST. TAKING A LOOK AT THE SNOWFALL THAT'S REALLY WHAT WE'RE GOING TO BE SEEING STILL  JUST REALLY KIND OF CONFINED TO THAT NORTHWESTERN PART OF THE COUNTRY. BUT SOME OF THOSE HIGHER  ELEVATIONS COULD BE SEEING OVER FOR MAYBE EVEN UP TO EIGHT INCHES OF SNOW. HERE'S A LOOK AT  YOUR TEMPERATURES. MOST AREAS IN THE 50S AND 60S ACROSS THE NORTHERN TIER STATES 70S AND  80S DOWN IN THE SOUTHERN HALF OF THE UNITED STATES HEADING INTO THESE OVERNIGHT HOURS.  WE'RE GOING TO SEE SOME PRETTY CHILLY TEMPERATURES AS YOU GET INTO THE NORTHWEST DOWN TO  THE FREEZING MARK AROUND IN BISMARCK WHERE WE'RE SEEING A LOT OF 50S 60S EVEN SOME 70S.  IN THE EASTERN PART OF THE COUNTRY. IT WARMS UP A LITTLE BIT AS YOU GET INTO THE CENTRAL AND  EASTERN CORN BELT BACK INTO SOME 70S AS WE HEAD INTO TOMORROW. LET'S TAKE A LOOK AT THE JET  STREAM STILL A TROUGH IN THE WESTERN UNITED STATES A RIDGE IN THE EAST. WE'RE GOING TO SEE THAT  TROUGH TRANSLATE EASTWARD KIND OF. KIND OF FLATTENING OUT JUST A LITTLE BIT AS IT GETS TOWARDS THE  NORTHEAST BUT THAT'S GOING TO DIRECT SOME RAIN ACROSS THE EASTERN PART OF THE COUNTRY THIS  WEEKEND. THAT'S A LOOK AT YOUR NATIONAL FORECAST. NOW LET'S CHECK ON THE WEATHER WHERE YOU  LIVE. MARIPOSA CALIFORNIA SUNNY AND A BIT COOLER FOR YOU TODAY WITH A HIGH OF 70 DEGREES.  BONITA LOUISIANA SUNNY AND WARMER WITH A HIGH OF 83 AND KEN BURNS IN VIRGINIA COOLER WITH  SOME LIGHT RAIN AND DRIZZLE POSSIBLE. 

TEASE
NEXT IN DROVERS REPORT WE LOOK AT BEEF PACKER CAPACITY. PLUS DO YOU HAVE A FAVORITE "COLOR" OF WINE? LATER WE'LL TALK ABOUT A NEW HUE. BUT SOME PEOPLE WONDER IF IT CAN  EVEN BE CALLED WINE! INSTINCT AND N-SERVE NITROGEN STABILIZERS DON'T JUST STABILIZE NITROGEN, THEY MAXIMIZE IT - SO  CORN CROPS GIE THE MAX IN RETURN.  LEARN MORE AT MAXINMAXOUT.COM.

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 PARTNERS AT DROVERS -  AFTER A STRING OF 46 STRAIGHT  WEEKS OF PROFITABILITY, CATTLE FEEDERS DIPPED BACK INTO THE RED.    FEEDLOTS LOST AN AVERAGE OF 13-DOLLARS PER HEAD LAST WEEK. THE STRING STARTED IN NOVEMBER OF LAT YEAR. ACCORDING TO THE STERLING BEEF PROFIT TRACKER,  LAST WEEK 5-AREA  CHOICE STEERS SAW A MODEST GAIN OF $1.25 PER CWT., BUT COSTS AGAINST  THOSE STEERS MARKETED LAST WEEK INCREASED $57 PER HEAD. IN OTHER NEWS FROM DROVERS - AMERICA'S BEEF PACKING INDUSTRY  CURRENTLY CAN SLAUGHTER AND PROCESS ABOUT 29 MILLION FED CATTLE AND  SIX-AND-A HALF MILLION COWS ANNUALLY.  ACCORDING TO STERLING MARKETING, THAT MEANS PACKERS WILL UTILIZE 88- AND-A HALF PERCENT OF FED CAPACITY THIS YEAR.  BASED ON PROJECTIONS FOR 2018 BEEF SLAUGHTER, STERLING PROJECTS FED  CATTLE UTILIZATION WILL INCREASE TO 90%. "BEEF PACKER SLAUGHTER CAPACITY AND UTILIZATION IS AN IMPORTANT BAROMETER CATTLE MARKET  ANALYSTS MONITOR WHEN BUILDING THEIR MARKET FORECASTS AND OUTLOOKS. IT IS IMPORTANT TO  RECOGNIZE THAT PACKERS DO NOT ADJUST THEIR HARVEST CAPACITY TO ACCOMMODATE LIVESTOCK  NUMBERS, BUT RATHER THEY ADJUST THEIR CAPACITY BASED ON CONSUMER DEMAND."HENDERSON SAYS PACKERS ARE UTILIZING 90-PERCENT OF COW CAPACITY THIS  YEAR. IT'S FORECAST TO CLIMB TO 94-PERCENT NEXT YEAR. THAT'S GOOD NEWS  FOR PRODUCERS AS IT SHOWS BEEF DEMAND IS STRENGTHENING.

TEASE
STILL TO COME - IT'S MADE FROM GRAPES AND IS AN ALCOHOLIC BEVERAGE.  BUT  IT'S NOT WINE! WHAT IS IT? DETAILS WHEN WE COME BACK.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M7 SERIES.  LEARN MORE ABOUT THE LARGEST  TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM.  WHAT'S YOUR FAVORITE WINE - RED OR WHITE?  WELL....WHAT ABOUT BLUE? A SPANISH COMPANY IS SETTING ITS SIGHTS ON THE U-S MARKET WITH A  CONTROVERSIAL ALCOHOL PRODUCT THAT IS MAKING TRADITIONAL  WINEMAKERS "BLUE". IT LOOKS LIKE WINE, IT SMELLS LIKE WINE, IT MAY EVEN TASTE LIKE A LIGHT WINE. BUT PURISTS SAY IT CAN NOT BE CALLED WINE. THE BEVERAGE IS MADE FROM RED AND WHITE GRAPES SOURCED FROM  SEVERAL VINEYARDS IN SPAIN. THE DRINK HAS AN ALCOHOL CONTENT OF ELEVEN AND A HALF PERCENT. BUT BECAUSE OF ITS UNUSAL COLOR, GOVERNMENT REGULATORS IN SPAIN AND  THE EUROPEAN UNION BANNED THE DRINK FROM BEING CALLED WINE. "AND ABOUT THE COLOUR, WHICH IS WHAT YOU ARE POSSIBLY WONDERING, WHAT WE DO IS MIX DIFFERENT  KINDS OF GRAPES AND THEN WE EXTRACT THE PIGMENT FROM THE SKIN OF THE RED GRAPE THAT'S CALLED  ANTHOCYANIN. AND THAT'S WHERE THE BLUE COMES FROM. SO, IT'S ACTUALLY 100 PERCENT GRAPE." " I'VE NEVER SEEN BLUE WINE BEFORE AND I REALLY LIKE MY WINE. SO THAT WAS, IT WAS FUN,  SOMETHING I WANTED TO TRY FOR SURE. THE TASTE IS VERY SMOOTH. YOU COULDN'T REALLY TELL THERE  WAS ALCOHOL IN IT, WHICH WAS A LITTLE WEIRD. BUT I FEEL LIKE ONCE YOU HAVE A COUPLE OF DRINKS  YOU WILL NOTICE IT." MCCARTHY SAYS  IT'S NOT FOR WINE CONNOISSEURS. BECAUSE NO BLUE WINE  CATEGORY EXISTS UNDER THE 17 WINE PRODUCTS LISTED UNDER EUROPEAN  UNION LAW, THE DRINK IS LISTED AS 'OTHER ALCOHOLIC DRINKS'. AND SPANISH NATIONAL LAW FOR WINE DEFINES THE THREE KINDS OF WINES - RED, WHITE AND ROSE <ROE-ZAY>. CHEERS TO INNOVATION.

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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