AgDay Daily Recap -October 13, 2016

July 28, 2016 02:57 AM
 

TODAY ON AGDAY
OCTOBER 13, 2016

HEADLINES
COMING UP TODAY ON AGDAY - USDA UPS EXPECTATIONS FOR SOYBEANS IN ITS  LATEST WASDE REPORT.  "WITH A RECORD SOYBEAN YIELD, DO WE HAVE  ENOUGH DEMAND TO CHEW THRU THE MASSIVE PRODUCTION. I'LL HAVE THE  ANSWER LATER ON AGDAY ." IN AGRIBUSINESS...BUYING WHEAT ACRES... AND THIS MEGA-GOURD IS HELPING A CALIFORNIA WOMAN TAKE HOME A  PUMPKIN OF A PRIZE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

USDA OCTOBER CROP PRODUCTION
GOOD MORNING I'M CLINTON GRIFFITHS.  SOYBEAN PRICES SURGED HIGHER  WEDNESDAY, THEN RETREATED, AFTER THE GOVERNMENT SAYS THE BEAN CROP  HAS GROWN EVEN LARGER FROM LAST MONTHS FORECAST. SOYBEAN PRODUCTION IS FORECAST AT FOUR-POINT-TWO BILLION BUSHELS, UP  2 PERCENT FROM SEPTEMBER. THE NATIONAL AVERAGE YIELD COMES IN AT 51-POINT-FOUR BUSHELS. THAT'S  EIGHT-TENTHS HIGHER FROM LAST MONTH/ ON THE CORN SIDE, USDA SLIGHTLY LOWERED ITS EXPECTATIONS. THE NEW  FORECAST CALLS FOR A 15-POINT-ONE BILLION BUSHEL CROP. THE NATIONAL AVERAGE CORN YIELD IS 173-POINT-FOUR BUSHELS AN ACRE.  DOWN ONE BUSHEL FROM LAST MONTH. WHILE THE AG DEPARTMENT TRIMMED THE ESTIMATE, THESE ARE STILL THE  HIGHEST YIELD AND PRODUCTION FORECASTS ON RECORD. USDA SLIGHTLY LOWERED NEW-CROP ENDING STOCKS FOR CORN TO TWO- POINT-THREE BILLION BUSHELS.  MEANWHILE THE AG DEPARTMENT INCREASED  ENDING STOCKS FOR SOYBEANS BY 30 MILLION BUSHELS TO 395 MILLION  BUSHELS. THAT ESTIMATE WAS BELOW THE PRE-REPORT ESTIMATE,  THE AG DEPARTMENT SAYS SEVEN STATES ARE HITTING NEW RECORDS IN CORN,  INCLUDING ILLINOIS AND IOWA. ELEVEN STATES ARE REACHING NEW SOYBEAN HIGHS, INCLUDING ALL THREE  "EYE" STATES. PROFARMERS CHIP FLORY EXAMINES THE REPORT FOR US. "YOU KNOW WHEN I LOOK AT THE THE REPORTS WE GET FROM USDA YEAH WE GOT THE PRODUCTION REPORT BUT LOOK AT THAT SUPPLY DEMAND REPORT  USDA ADDED FIFTY MILLION BUSHELS TO THE CORN EXPORT FORECAST. ADDED  FORTY MILLION BUSHELS TO THE SOYBEAN EXPORT FORECAST. ADDED TWENTY  FIVE MILLION BUSHELS TO THE WHEAT EXPORT FORECAST. ADDED A HALF A  MILLION BALES TO THE COTTON EXPORT FORECAST. THIS IS ALL DEMAND DRIVEN  FROM THIS POINT FORWARD. WE'VE GOT A GOOD IDEA OF WHAT THE CROPS ARE  NOW, WE JUST NEED TO SEE HOW MUCH OF THAT CROP WE CAN USE GOING  FORWARD AND OBVIOUSLY IF WE GET RID OF THE SURPLUS WITH EXPORTS AND  CAN HELP US OUT LONG RUN." WITH USDA'S NEW BEAN YIELD AT 51 POINT 4, AND NEW CROP EXPORT  PROJECTIONS INCREASING BY 40 MILLION BUSHELS, TYNE MORGAN IS IN THE  FIELD WITH MORE ON THE DEMAND SIDE OF THE LEDGER.  TYNE.  CLINTON, IT'S REALLY NO SURPRISE USDA UPPED THE SOYBEAN YIELD NUMBER,  BUT IT WAS A SURPRISE TO TRADE, COMING IN SLIGHTLY BELOW THAT AVERAGE TRADE GUESS. WE'VE BEEN HEARING CONSISTENT REPORTS OF 70 TO 80  BUSHEL BEANS IN STATES LIKE IOWA, ILLINOIS AND MICHIGAN. NOT TO MENTION  THE RECORDS FARMERS ARE SEEING IN THE NORTHERN CORN BELT, JUST BLOWING THEIR PREVIOUS FIELD AVERAGES AWAY. WE CONTINUE TO HEAR REPORTS IN THE DAKOTAS OF TWICE HTE APH. I HAVE A CLINET IN MINESOTA I  TALK TO THIS MORNING THAT SAID THEY'RE RUNNING ABOVE WHAT HTE NATIONAL AVERAGE IS WHICH IS  VERY A TY PICAL FOR THEM UP THERE. I'VE YET TO HEAR A DIASPOINTING SOYBEAN YIELD REPORT. > NOW THE QUESTION BECOMES DO WE HAVE ENOUGH DEMAND TO CHEW THREW  THIS MASSIVE SUPPLY?  WE'VE SEEN AN INCREASE IN HOG NUMBERS, AN INCREASE IN CATTLE NUMBERS, WE ARE GOING TO  USE THIS CROP THAT WE'RE PRODUCING. IT MAY NOT BE AS QUICK, BUT WE ARE GOING TO USE. AND I  THINK LOW PRICES ARE GOING TO RESTRICT PLANTINGS IN SOUTH AMERICA.WE THINK THERE IS GOING OT BE AN EXCESS. AND A LOT OF HTE GOVERNMENT CHANGES ARE  HAPPENIGN AROUND THE WORLD LIKE CHINA LOWERING ITS PRICE SUPPORT PROGRAM, THAT COULD  UTIMATLEYU RESUTL IN LESS BEANS IMPORTED AS THEIR CORN AND MEAL FEED RATION STARTS TO REALIGN  WITH THE REAST OF HTE SOUTHEASTERN ASIAN COUNTRIES.SO, CLINTON, MIXED THOUGHTS ON DEMAND. BUT IF USDA CONTINUES THIS  STAIR STEP APPROACH, WE COULD SEE ANOTHER SOYBEAN YIELD BUMP ON  NOVEMBER 9TH. REPORTING FROM SOUTH BEND, INDIANA, I'M TYNE MORGAN  FOR AGDAY.

FLORIDA ORANGE FORECAST
THE ALL-ORANGE FORECAST COMES IN AT FIVE-POINT-TWO MILLION TONS.   THAT'S DOWN 12-PERCENT FROM LAST YEAR. AND THE DROP IS PRIMARILY IN FLORIDA. STATE'S ALL ORANGE FORECAST IS FOR 70 MILLION BOXES, DOWN 14-PERCENT  FROM LAST SEASON. THE FLORIDA VALENICA CROP IS 21-PERCENT SMALLER. THE CALIFORNIA NAVEL CROP IS UNCHANGED FROM LAST MONTH, BUT EIGHT  PERCENT SMALL THAN LAST SEASON.

USDA TO BUY MORE CHEESE
USDA IS ANNOUNCING IT WILL BUY ANOTHER ROUND OF CHEESE INVENTORIES  TO HELP WITH THE GLUT OF PRODUCT AND LOWER DAIRY PRICES.  BUT IS IT ENOUGH TO MATTER? BETSY JIBBEN JOINS US WITH MORE.  USDA SAYS IT'S BUYING ANOTHER $20 MILLION DOLLARS-- OR ROUGHLY 11  MILLION POUNDS-- OF CHEESE IN STORAGE TO HELP DECREASE SURPLUSES AND  HELP DEPRESSED PRICES.IT'S THE DEPARTMENT'S SECOND $20 MILLION DOLLAR PURCHASE SINCE  AUGUST . THE DEPARTMENT'S PLAN FALLS SHORT OF A REQUEST BY THE NATIONAL MILK  PRODUCERS FEDERATION EARLIER THIS YEAR FOR USDA TO PURCHASE 150- MILLION DOLLARS IN CHEESE PRODUCTS.  "TODAY'S ANNOUNCEMENT BY USDA OFFERING TO PURCHASE UP TO $20 MILLION OF CHEESE WILL  PROVIDE ASSISTANCE TO AMERICA'S DAIRY FARMERS THROUGH INCREASED DEMAND FOR MILK, WHILE ALSO  SERVING THE NEEDS OF AMERICANS WHO PATRONIZE FOOD BANKS AND OTHER CHARITABLE ASSISTANCE  ORGANIZATIONS."HOWEVER - NMPF SAYS- IN A PRESS RELEASE- THE BUY WILL PROVIDE  ASSISTANCE, STATING THE FEDERATION IS APPRECIATIVE OF USDA'S EFFORTS. HOWEVER, OTHERS IN THE INDUSTRY SAY THE TRANSACTION WON'T MAKE A  DENT. " I THINK WE HAVE TO LOOK AT THE WORLD MARKET AND TRY TO MARKET OUR CHEESE THROUGH PRIVATE  MEANS AND NOT DEPEND ON THE GOVERNMENT TO BUY UP OUR STOCKS. THE PRIVATE BUYERS OF  CHEESE. THEY KNOW THE GOVERNMENT HOLDS CHEESE AND THAT GOES INTO THEIR EQUATION WHEN  THEY BID ON CHEESE PRODUCTS."EDITOR OF DAIRY HERD MANAGEMENT, JIM DICKRELL SAYS   IT ONLY REPRESENTS A FRACTION- ROUGHLY ONE PERCENT OF TOTAL CHEESE IN  STORAGE. IT'S LITTLE HELP.  IT WON'T MAKE ANY DENT BECAUSE WE HAVE OVER A BILLION POUNDS IN INVENTORY.  AND THEN WHEN USDA PUT OUT ITS BID FOR OFFERS IT DIDN'T GET ALL  BIDS FILLED.""WHEN WE TALK ABOUT WHAT THEY'RE DOING, THE REALITY IS, THEY BUY CHEESE EVERY YEAR BECAUSE  THEY HAVEFOOD PROGRAMS THEY NEED TO SUPPORT AND SCHOOLS. IT WAS MORE OF A POLITICAL FEEL- GOOD MOVEMENT AND IT WAS VERY LATE IN THE GAME. 11 16 IF WE WOULD HAVE SEEN SOMETHING  WHEN CHEESE WAS 1.26, IT WOULD HAVE TAKEN MORE OUT OF THE EQUATION MONTHS AGO."USDA'S IS BUYING CHEDDAR, WHICH WILL BE DISTRIBUTED TO FEDERAL  NUTRITION PROGRAMS AND FOOD BANKS.  AG SECRETARY TOM VILSACK SAYS WHILE THE ATTEMPT IS TO PROVIDE RELIEF,  THE DAIRY INDUSTRY STILL MUST RELY ON TRADE.  THANKS BETSY,  NEW NUMBERS FROM USDA SHOW COWS MILK CHEESE CONSUMPTION  CONTINUES TO RISE N THIS COUNTRY. ON AVERAGE AMERICANS CONSUMED ROUGHLY 35 POUNDS OF CHEESE IN 2015. THE PER CAPITA CONSUMPTION GROWTH OF 3 PERCENT WAS THE HIGHEST  SINCE 19-99. RETAIL CHEESE PRICES WERE DOWN JUST POINT 2 PERCENT LAST YEAR.

CROP COMMENTS
CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM  DOW AGROSCIENCES. MIKE HOFFMAN HAS A LOOK AT FARMERS OUT IN THE FIELD...IN TODAY'S CROP  COMMENTS. MIKE. GOOD MORNING, CLINTON.  LET'S START OFF NEAR DES MOINES.  CRISTEN CLARK SAYS HARVEST IS ALL CORN FROM HERE ON OUT! USDA SAYS 19 PERCENT OF IOWA CORN IS HARVESTED, THE 5-YEAR AVERAGE IS  32.OVER IN GILMAN, ILLINOIS, RON HASSE HAS SOME COMPANY WITH HIM IN THE COMBINE.  HE SAYS IT'S ALWAYS NICE TO HAVE 'HELP' TO MAKE WORK FUN.  USDA SAYS 62 PERCENT OF THE ILLINOIS CORN CROP IS HARVESTED. THAT'S  AHEAD OF THE 5-YEAR AVERAGE.  AND NOW HERE ARE SOME HOMETOWN TEMPS. 

TEASE
WHEN WE COME BACK, 4 DOLLAR WHEAT IS GOING TO MAKE IT HARD TO ENTICE  AN INCREASE IN ACRES. WE'LL DISCUSS WHAT THAT MEANS FOR NEXT YEAR COMING UP IN ANALYSIS. PLUS PLENTY OF POTENTIAL FOR PUMPKIN PRIZES. AS GIANT GOURD GROWERS  GATHER IN CALIFORNIA.

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE- BY-SIDES.  YAMAHA - REAL WORLD TOUGH.  IN AGRIBUSINESS TODAY, LETS SEE HOW MARKETS REACTED TO WEDNESDAY'S  NEWS. FOR THAT WE HEAD TO FLOOR OF THE CME IN CHICAGO. WEDNESDAY'S GRAINS WE SEE VERY LITTLE ACTION. OF COURSE IT IS A LITTLE  BIT OF A HOLIDAY. BUT WE HAD A LITTLE BIT OF A REPORT THIS MORNING. OF  COURSE, AS YOU KNOW, I'M NOT A BIG FAN OF THE REPORTS BUT I THINK THE  PRICE ACTION TELLS IT ALL AND I THINK THE PRICE ACTION IS TELLING IT ALL  RIGHT NOW. THAT YES, THERE IS A LITTLE BIT OF A BIGGER BEAN CROP THAN  PEOPLE THOUGHT BUT AGAIN, THAT TIME WE GET IT FROM HARVEST, WHICH  THERE ARE SOME TROUBLES FROM HARVEST, FROM THE TIME WE GET IT OUT,  AND SELL IT, A LOT CAN STILL HAPPEN. A LOT OF THINGS CAN CHANGE IN THE  DOLLAR. THAT'S WHY THE MARKETS ARE VERY, VERY MUCH UNDECIDED ON IT  HERE. BUT WE CAN SEE THE SOYBEANS ARE STILL LOOKING AT 9.40 TO 9.50 TO  TEN DOLLAR RANGES. I DON'T EXPECT THAT TO CHANGE. I DON'T CARE WHAT THE NUMBERS WERE. I THINK YOU TAKE A LOOK AT CORN AND 3.45 IS AGAIN, THE  NUMBER. WE GOT THROUGH IT. WE BROKE BACK BELOW IT. THAT'S GOING TO BE  A KEY SPOT. IF WE CAN'T GET THROUGH IT SOON. I THINK WE MAY SEE SOME  SELLING PRESSURE COME INTO THIS CORN MARKET. BUT I THINK WE WILL GET  THROUGH IT AND SEE HIGHER PRICES. THAT'S THE WAY I SEE IT. THIS IS TODD  HOROWITZ FROM BUBBATRADING.COM COMING TO YOU FROM THE CME GROUP  IN CHICAGO. 

AGRIBUSINESS
A MASSIVE WHEAT CROP CONTINUES TO WEIGH ON PRICES. IN ANALYSIS THIS MORNING TYNE MORGAN LOOKS AT FALLING ACRES AND WHICH  CROPS MIGHT GET THE CALL INSTEAD. HERE NOW WITH DUSTIN JOHNSON DUSTIN WHEN WE LOOK AT THESE WHEAT  PRICES I MEAN THERE'S NO DOUBT WE'RE GOING TO SEE SOME WHEAT ACRES  COME OUT OF PRODUCTION THIS YEAR. NOT SURE HOW MUCH BUT WHERE DO  THOSE ACRES GO? SURE YET THE FACT THAT WE'RE SEEING SUCH A LOW PRICE FOR WHEAT AND  SUCH A HIGH PRICE FOR SOYBEANS AT THIS TIME OF YEAR THERE'S A GOOD  CHANCE THAT WE'RE GONNA SEE ANOTHER COMBINED RECORD CORN SOYBEAN  ACREAGE STARTING IN TWO THOUSAND SEVENTEEN AND A AND THAT GOES BACK  TO CORN AND SOYBEAN PRICING IN A WAY WE THINK ABOUT THE WORLD RECORD  CARRY OUT LEVELS AND JUST THE HUGE SUPPLY THAT EVERYONE IS KINDA OF ON SAME PAGE THAT WE HAVE A HUGE SUPPLY. WHAT IS IT GONNA TAKE TO  REDUCE ACRES IN NORTH AMERICA, AROUND THE WORLD. AND AT THESE PRICES  WERE BASICALLY ABOVE THE PRICES WE WERE LAST TIME LAST SPRING WE'RE  STILL GAINING ACRES SO YOU GO OUT FORWARD AND SOME OF THESE PRICES  ARE PRETTY FAIR AND I IMAGINE THAT BEAN ACRES PICK UP THE MAJORITY OF  THOSE AGAIN JUST BECAUSE WERE SEEN NEAR RECORD PRICE INCENTIVE SO  THAT THAT IS A LOOK CONCERNING TO US TURNING TO US. YEA. BECAUSE AT THIS  POINT YOU LOOK AT THIS YIELD THAT WE POSSIBLY HAVE OUT HERE THIS YEAR, I  MEAN IT LOOKS LIKE WE DON'T NEED ANY MORE BEANS ON HER HANDS. RIGHT I  MEAN THAT WE ALWAYS SEE CHINA COME AND SURPRISE US WITH MORE DEMAND  AGAIN. WE DON'T THINK THAT'S GONNA HAPPEN BECAUSE THEIR POLICY  CHANGES BUT YET RIGHT NOW EVERYTHING'S HOLDING STEADY IF SOUTH  AMERICA HAS THAT ONE HUNDRED TO ONE HUNDRED THREE MILLION BUSHEL,  ER MILLION METRIC TON CROP OUT OF BRAZIL THAT CAN BE PRETTY LARGE  CARRY OUT HAS IT BEEN SURPRISING TO YOU LATELY DUSTIN THAT THAT'S  SOYBEAN PRICES HAVE HELD AS STRONG AS THEY AS THEY HAVE CONSIDERING  WE ARE HEARING THESE MASSIVE YIELD OUT THERE YEA VERY SURPRISING. AND  IT STARTED ESPECIALLY AFTER THE END OF THE THIRD QUARTER SO WE COULD  BE SEEING SOME REARRANGEMENT BY THE INDEX FUNDS LITTLE ON THE  MANAGED MONEY FUNDS AND YOU LOOK AT SOME OF THE OTHER COMMODITIES  LIKE SILVER FOR EXAMPLE THEY'VE SEEN BACK TO BACK GAINS AND THEN ALL  THE SUDDEN THE SHARP REDUCTION OF PRICE IN THAT SAME WEEK. I THINK IT'S  THE WORST WEEK FOR SILVER IN LIKE FOUR YEARS. WOW. SO WE WERE  GETTING THEY ARE VERY GOOD TASTE OF WHAT INDEX FUNDS COULD BE DOING  TO OUR PRICES RIGHT NOW. AND AND SOYBEANS ARE SEEN AS A VALUE.   CONSIDERING SOME OF THOSE WILD CARDS LIKE THE FUNDS, DO YOU THINK WE  PUT OUR HARVEST LOW IN ON THE SOYBEANS? I DON'T THINK SO JUST BECAUSE  THERE IS A LARGE CARRY OUT AND THERE'S YOU'RE ALREADY SEEING STORAGE PROBLEMS. SO THOSE BUSHELS HAVE TO MOVE. ALRIGHT DUSTIN JOHNSON STAY  WITH US WE'RE BACK WITH MORE AGDAY IN JUST A MOMENT.  FOR MORE INFORMATION ON AGYIELD PLEASE CALL US AT 855-266-6241 OR  VISIT US ONLINE AT WWW,AGYIELD.COM. 

NATIONAL WEATHER
WELCOME BACK TO AGDAY. HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE,  WE'RE WATCHING THIS COLD FRONT WORK ACROSS THE COUNTRY BUT THAT  STORM SYSTEM OUT WEST LOOKS LIKE A GOOD A GOOD ONE. THAT'S PROBABLY  THE BIG NEWS ON THIS MAP. AND THERE'S A COUPLE OF PIECES OF IT COMING  INLAND, GOING TO PUT DOWN A LOT OF RAIN. THE HEAVIEST RAIN WITH THAT  SYSTEM IS ACTUALLY GOING TO BE OUT WEST TO THE MOUNTAINS THAT IS  TYPICAL IN THE SITUATION BUT THAT STORM SYSTEM WILL COME ON EASTWARD.  NOW FARTHER EAST WE DO HAVE THIS INITIAL COLD FRONT WHICH IS BRINGING A  SHOT OF CHILLY AIR BUT IT IS ONLY A ONE OR TWO DAY SHOT, AND THEN IT  STARTS TO WARM UP ALL ACROSS THE MIDDLE OF THE COUNTRY BY THE  WEEKEND. AND YOU CAN SEE JUST A SCATTERED SHOWERS ALONG THIS FRONT  SO FAR THIS MORNING. AS WE HEAD THROUGH THE DAY TODAY THIS FRONT WILL TEND TO A STALL OUT ACROSS TEXAS AND OKLAHOMA. SO THAT'LL KEEP THE  CHANCE OF SHOWERS IN FOR YOU FOLKS THAT HIGH PRESSURE THOUGH  BEHIND THAT AGAIN BRINGING A LOT OF SUNSHINE BUT THAT CHILLY AIR. AND  THERE'S A STORM SYSTEM OUT OF THE LAST TO THE WEST BRINGING IN SOME  HEAVY RAIN IN NORTHERN CALIFORNIA, WESTERN WASHINGTON, WESTERN  OREGON AND YOU CAN SEE OF A SECONDARY SYSTEM RIGHT BEHIND IT WITH  SOME MORE RAINFALL.  SO THIS IS A BIGGEST RAINFALL I'VE SEEN ON THE MAP IN  QUITE SOME TIME FOR THE PACIFIC NORTHWEST THERE IS THAT STALLED OUT  FRONT FOR THE SOUTHERN PLAINS STILL KEEPING SOME SCATTERED SHOWERS  AROUND. I DON'T SEE ANYTHING HEAVY WITH THAT MIGHT BE A THUNDERSTORM  IN SOME PLACES THERE AS WELL. ALRIGHT LET'S CHECK OUT PRECIPITATION  ESTIMATES OVER THE PAST TWENTY FOUR HOURS. WE HAVE SEEN SOME  DECENT AMOUNTS SOUTHERN MISSOURI, NORTHERN ARKANSAS BUT  OTHERWISE NOT A LOT AS YOU CAN SEE THERE. BUT ADDING ON THE NEXT  THIRTY SIX HOURS A REAL HEAVY STUFF GOING TO BE OUT IN THE NORTHERN  HALF OF CALIFORNIA, WESTERN WASHINGTON, WESTERN OREGON AND YOU CAN  SEE OUR COMPUTER MODEL SHOWING THREE, FOUR, FIVE INCHES OF RAIN IN  SOME OF THOSE AREAS. AND WE'LL HAVE SOME A DECENT AMOUNT IN SPOTS  FOR THE A SOUTHERN MISSISSIPPI VALLEY, SOUTHERN PLAINS. TAKING A LOOK AT  SNOWFALL THERE'S NOT A WHOLE LOT GOING ON, NOTHING OVER THE PAST  TWENTY FOUR HOURS TO SPEAK OF. EXCUSE ME. SPOTTY AMOUNTS IN SOME OF  THE HIGHEST ELEVATIONS OF THE NORTHERN ROCKIES AS THAT STORM SYSTEM  COMES IN OUT WEST. THERE ARE THE TEMPERATURES, BOY WE'RE PUSHING  THOSE SEVENTIES AND EIGHTIES ALL THE WAY DOWN INTO A SOUTHERN DIXIE  AND OTHER THAN THAT WE'RE LOOKING AT FIFTIES AND SIXTIES FOR MOST OF  THE NORTHERN PLAINS, GREAT LAKES, INTO THE OHIO VALLEY, CENTRAL PLAINS  AND CHILLY NUMBERS OUT WEST AS WELL WITH THAT RAIN COMING IN. LOW  TEMPS TONIGHT ARE GOING TO DROP OFF INTO THE THIRTIES FOR PARTS OF THE  GREAT LAKES. OTHERWISE SOME LOWER FORTIES SHOWING UP ACROSS MOST  OF THE PLAINS STATES. AND AND FOR THE A DAY TOMORROW WE START THE  WARM THINGS BACK UP AGAIN IN THE WESTERN PLANES BUT STILL PRETTY A  NIPPY FOR THIS TIME OF THE YEAR FOR THE NORTHERN MISSISSIPPI VALLEY  INTO NEW ENGLAND. THERE'S A JET STREAM AND THERE'S THAT SHOT OF CHILLY  AIR. YOU CAN SEE THAT MOVES AWAY QUICKLY THAT TROUGH THEN WE GO  ZONAL FOR A LITTLE WHILE BUT THEN THINGS START TO BUCKLE AGAIN AS WE  HEAD IN THE EARLY NEXT WEEK AND A DECENT TROUGH MOVING THROUGH THE  NORTHERN PLAINS AND GREAT LAKES DURING THE WEEK.

REGIONAL WEATHER
THAT'S A LOOK  ACROSS A COUNTRY NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST  OF ALL GLASGOW MONTANA PARTLY SUNNY AND RATHER COOL TODAY A HIGH OF  JUST FIFTY FOUR DEGREES. GREENVILLE MISSISSIPPI A MIX OF SUN AND CLOUDS  AND WARM HIGH OF EIGHTY FIVE. AND MANCHESTER NEW HAMPSHIRE CLOUDY  WITH AREAS OF FOG MAYBE A SHOWER LATE IN THE DAY HIGH OF SIXTY SIX.

TEASE
WHEN WE COME BACK WE'LL LOOK AT CATTLE PRICES IN OUR DROVERS TV  REPORT. LATER - IF YOU'RE HEADED TO A PUMPKIN PATCH THIS WEEKEND, YOU'RE GOING  TO NEED SOME HEAVY EQUIPMENT TO MOVE THIS ONE. 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.

DROVERS REPORT
IN OUR DROVERS TV REPORT, CATTLE PRICES CONTINUE TO SLUMP THIS WEEK. U.S. CATTLE FUTURES FALLING TO A SIX YEAR LOW TUESDAY. OCTOBER LIVE CATTLE FUTURES SETTLING AT 97-50...THAT'S THE LOWEST  CLOSING FRONT MONTH PRICE SINCE OCTOBER OF 2010. MUCH OF THE PRESSURE COMES FROM ADDED SUPPLIES. U.S. BEEF PRODUCTION LAST WEEK CLIMBED ABOVE 505 MILLION POUNDS, UP  ALMOST 8 PERCENT FROM THIS TIME IN 2015, AS PROCESSORS HARVESTED  NEARLY 10 PERCENT MORE  CATTLE. MEANWHILE THE PRICE OF BEEF IN AUSTRAILIA IS SET TO RALLY AS THAT  NATION'S CATTLE HERD HITS A 20 YEAR LOW. STATE OFFICIALS CALL THE HERD SEVERELY DEPLETED AS ITS LOST ABOUT 3  MILLION HEAD OVER THE PAST THREE YEARS--A 40 PERCENT REDUCTION. DROUGHT AND STRONG DEMAND FROM THE EXPORT MARKET HELPING TO DRIVE  THE TREND. ANALYSTS SAY IT WILL TAKE AT LEAST TWO YEARS TO REBUILD THE HERD. WITH ELECTION DAY NOW JUST 26 DAYS AWAY, SUPPORTERS OF THE TRANS  PACIFIC PARTNERSHIP ARE WORRIED THAT THE WINDOW TO TAP INTO NEW ASIAN  MARKETS IS CLOSING. BOTH DONALD TRUMP AND HILLARY CLINTON SAY THEY OPPOSE TPP.  THAT JUST  LEAVES THREE MONTHS FOR PRESIDENT OBAMA TO CONVINCE CONGRESS TO  GET THE DEAL DONE. "PRODUCER GROUPS SUCH AS THE AMERICAN FARM BUREAU, THE NATIONAL PORK PRODUCERS  COUNCIL AND THE NATIONAL CATTLEMEN'S BEEF ASSOCIATION BELIEVE TPP IS THE BIGGEST  COMMERCIAL OPPORTUNITY FOR AGRICULTURE IN MODERN HISTORY. NCBA PRESIDENT TRACY BRUNER SAYS  HIS ORGANIZATION HAS CALLED ON CONGRESS TO PASS THE AGREEMENT. IN A STATEMENT ISSUED  EARLIER THIS YEAR, BRUNER SAID "TPP WOULD NOT ONLY LOWER THE TAXES ON U.S. BEEF INTO CRITICAL  MARKETS LIKE JAPAN AND LEVEL THE PLAYING FIELD WITH OUR COMPETITORS, IT WOULD PROVIDE A BOON  TO THE ENTIRE U.S. ECONOMY."STILL TO COME - MEET THE WEST COAST GOURD GROWER WHO'S CLAIMING TOP  HONORS THIS YEAR. WITH MARKET PRICES CONSTANTLY CHANGING, IT'S IMPORTANT TO KNOW  WHERE CURRENT PRICES STAND. GET MARKET PRICES DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT MARKETS TO 31313 TO GET STARTED!   )

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.AN ANNUAL PUMPKIN-WEIGHING CONTEST IN NORTHERN CALIFORNIA HAS A NEW WINNER - A THIRD-GRADE  TEACHER IN WASHINGTON STATE. CINDY TOBECK RAISED A GIANT ONE WEIGHING 19-HUNDRED-AND 10 POUNDS. IT RECEIVED TOP HONORS AT THE SAFEWAY WORLD CHAMPIONSHIP IN HALF  MOON BAY, CALIFORNIA. TOBECK SAYS HER PUMPKIN GREW STEADILY SINCE SHE PLANTED IT IN APRIL,  SPENDING MUCH OF THAT TIME IN A GREENHOUSE WITH HEATED SOIL.  SHE SAID THE SECRET TO GROWING GIANT PUMPKINS IS USING THE RIGHT SEED.  IN THIS CASE, THE SEED WAS FROM A 22-HUNDRED POUNDER LAST SEASON. "IT'S THE BIGGEST THING I'VE EVER GROWN. AND I'M REALLY EXCITED TO BE HERE. THIS IS MY ULTIMATE  PUMPKIN FANTASY TO BE HERE IN HALF MOON BAY WITH SOMETHING REALLY LARGE. "> AT SIX DOLLARS A POUND, TOBECK WILL RECEIVE MORE THAN ELEVEN- THOUSAND DOLLARS IN PRIZE MONEY.MEANWHILE ON THE EAST COAST, A RHODE ISLAND MAN SQUASHED A U-S RECORD WITH  THIS TWO-THOUSAND-TWO-HUNDRED-AND-61 POUND PUMPKIN. DICK WALLACE WON FIRST PRIZE AT THE SOUTHERN NEW ENGLAND PUMPKIN  CONTEST HELD AT FRAIR-ICK FARMS IN WARREN, RHODE ISLAND. THIS YEAR'S WINNER SURPASSED HIS OWN SON'S RECORD SET LAST YEAR.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR TYNE MORGAN, BETSY JIBBEN 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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