AgDay Daily Recap -October 27, 2016

August 10, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 27, 2016


HEADLINES
COMING UP TODAY ON AGDAY-EPA INVESTIGATES DRIFT IN MISSOURI. PLUS, THE CATTLE PRICE ROLLERCOASTER. IN AGRIBUSINESS...WHAT'S DRIVING GRAINS BUT BOTTOM LINE IS WE’RE GETTING A RALLY AND AS A PRODUCER YOU SHOULD NEVER SAY WHYAND THESE OKLAHOMA 4-HERS ARE SETTING THE STAGE FOR A SUCCESSFUL FUTURE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

DICAMBA DRIFT
SPECIAL AGENTS FROM THE E-P-A'S CRIMINAL INVESTIGATION DIVISION ARE ISSUING SEARCH WARRANTS IN MISSOURI TIED TO CROP DAMAGE FROM HERBICIDE DRIFT.   AS WE REPORTED EARLIER THIS SUMMER, MISSOURI SAW MORE THAN 40 THOUSAND ACRES OF SOYBEANS AND OTHER CROPS DAMAGEDBY WHAT IS BELIEVED TO BE SPRAY DRIFT. STATE OFFICIALS POINTING TO OLDER FORMULATIONS OF DICAMBABEING SPRAYED OVER TOLERANT SOYBEANS. THE PROBLEM HOWEVER, EPA HAS NOT APPROVED THAT HERBICIDE FOR USE OVER THE TOP. NOW ITS SENDING AGENTS TO AT LEAST FOUR COUNTIES LOOKING FOR EVIDENCE OF MISUSE...AS PART OF A CRIMINAL INVESTIGATION. WHILE THE AMERICAN SOYBEAN ASSOCIATION STRONGLY REMINDS GROWERS TO FOLLOW ALL CURRENT LABEL GUIDELINES--THEY SAY ITS WASHINGTON THAT'S PARTLY TO BLAME. “IF THEY HAD  APPROVED THE PRODUCT FOR USE THIS   SUMMER, WE WOULDN'T HAVE THE ISSUES WE HAVE NOW. WE WOULDN'T HAVE THE DRIFT ON THE NEIGHBOR'S NON DICAMBA NON XTEND SOYBEANS. AND SO PART OF THIS TO BLAME THE EPA BECAUSE THEY DIDN'T DO WHAT THEIR RULES SAID THEY WERE SUPPOSED TO DO. THEY DRUG THEIR FEET. “THE EPA IS EXPECTED TO MAKE A DECISION THIS FALL ABOUT WHETHER TO APPROVE DICAMBAFOR "OVER-THE-TOP" APPLICATION. HERBICIDE MAKERS SAY NEW FORMULATIONS OF DICAMBAMAKE IT MUCH LESS LIKELY TO DRIFT. ALSO REUTERS REPORTING THAT THE WORLD HEALTH ORGANIZATION IS ASKING ITS SCIENTIFIC EXPERTS NOT TO SHARE DOCUMENTS RELATED TO ITS FINDINGS ON GLYPHOSATE. IF YOU REMEMBER THE W-H-O'S INTERNATIONA AGENCY FOR RESEARCH ON CANCER LABELED THE WEED KILLER AS QUOTE "PROBABLY CARCINOGENIC." MAKERS OF THE PRODUCT DENY THAT CLAIM CITING THEIR OWN RESEARCH. SINCE THEN, SEVERAL GROUPS USING FREEDOM OF INFORMATION LAWS HAVE ASKED FOR DOCUMENTS RELATED TO HOW THE IARC DECISION WAS MADE-- FROM SCIENTISTS ON THE PANEL THAT LIVE AND WORK IN THE U.S. AT U.S. INSTITUTIONS. THE W-H-O SAYS THOSE DOCUMENTS ARE PRIVATE AND   THEIR PROPERTY. REUTERS REPORTS SOME PARTIES ARE CONSIDERING A LAWSUIT SEEKING TO CLARIFY WHETHER THAT'S THE CASE AND IF ITS SUBJECT TO U.S. FOIA LAWS.

TURBULENT CATTLE PRICES
CATTLE MARKETS CONTINUE THEIR TURBULENT PRICES. OVER THE PAST MONTH AS PRICES FOR ALL CLASSES OF CATTLE DECLINED 12 TO 13 PERCENT.THIS WEEK HOWEVER, THE TREND IS DIFFERENT. POSITIVE MOVEMENT BEGAN LATE LAST WEEK SETTING OFF MULTIPLE DAYS IN THE GREEN. THAT OPTIMISM SUPPORTED BY USDA'S LATEST CATTLE ON FEED REPORT. IT FOUND INVENTORY NUMBERS SMALLER THAN EXPECTED AND SEPTEMBER PLACEMENTS WERE DOWN 2% FROM LAST YEAR. MAJOR AUCTION MARKETS REPORTED STEER CALVES 2 TO 6 DOLLARS PER HUNDRED HIGHER. HEIFER CALVES AND YEARLINGS WERE UP $4 TO 8 DOLLARS. “WHETHER THIS CATTLE MARKET RALLY HAS LEGS STILL DEPENDS ON THE INDUSTRY'S ABILITY TO MOVE INCREASING SUPPLIES OF MEAT THROUGH THE CHANNELS. ANALYSTS NOTE THAT TOTAL BEEF, PORK AND POULTRY SUPPLIES IN REFRIGERATED WAREHOUSES AT THE END OF SEPTEMBER WERE 1.6% LARGER THAN DURING AUGUST, AND 11% HIGHER THAN THE 5-YEAR AVERAGE. COUPLED WITH INCREASING SUPPLIES, BEEF DEMAND HAS SLIPPED DURING 2016. THE BEEF DEMAND INDEX DECLINED 5.4% DURING THE THIRD QUARTER OF THIS YEAR, AND THAT IS THE FOURTH CONSECUTIVE QUARTER OVER YEAR-OVER-YEAR DECLINE. “DESPITE ROLLER COASTER RIDE LIVE CATTLE ARE STILL HOVERING AROUND A DOLLAR PER HUNDRED MARK. BETSY JIBBEN SPOKE WITH PRODUCERS IN THE WESTERN CORN BELT ABOUT THE CYCLE AND HOW IT'S IMPACTING BUSINESS. CATTLE PRICES HAVE DIPPED LOWER - ROUGHLY 50 BUCKS SINCE LATE LAST YEAR BUT LIVE CATTLE -- HOVERING AROUND THE DOLLAR MARK THIS FALL. PRODUCERS WHO SOLD BEFORE THE BIG PRICE DROP ARE HAPPY THEY DID. "THAT WAS LUCK OF THE DRAW. THEY GOT FINISHED AND THEY GOT ALL TRUCKED OUT. THEN IT STARTED TRENDING DOWN. PAYS TO BE LUCKY EVERY ONCE IN AWHILE!" AND ANALYSTS BELIEVE THE BOTTOM MAY NOT BE HERE QUITE YET. "I STILL BELIEVE THERE'S 10 DOLLARS WORTH OF RISK IN BOTH THE FATS AND THE FEEDERS OUT HERE. WE HAVE A LOT OF CATTLE OUT THERE ON THE CASH MARKET," "IF YOU LOOK AT LONG-TERM CYCLES IN CATTLE, GENERALLY ONCE WE COMPLETE THE BOTTOMING FORMATION OF HTE 10 YEAR CYCLE, WHICH 2016 WAS THAT YEAR; IT GENERALLY WILL TAKE 2 TO 3 YEARS TO WORK OUR WAY OUT OF THAT," NORTH SAYS WE'LL LIKELY SEE STRONGER HEADWINDS IN Q-1 AND Q-2 OF NEXT YEAR DUE TO HIGH KILL NUMBERS AND LARGE INVENTORY. THEY'RE ALREADY AT RECORD LEVELS. FOR US TO CONTINUE TO ADD TO THAT IN ADDITION TO LARGE INVENTORIES OF PORK, POULTRY, WE LIKELY WILL SEE LOWER LOWS YET AS WE GO FORWARD," THE VOLITALITY IS DRAINING ON PRODUCERS... "YOU COMBINE THAT WITH THE LOW CROP PRICES WITH LOW CATTLE PRICES AND YOU SEE SOME GUYS IN THIS AREA REALLY STRUGGLE," HOUGH CUSTOM FEEDS IN WESTERN IOWA. DESPITE THE RECENT DROP IN PRICES, HIS LOT IS FULL...AND HE KNOWS OTHER FEEDERS ARE LOOKING FOR MORE  SPACE. "AS OF TODAY, WE'RE AT CAPACITY." "EVERYONE TALKS ABOUT THE MARKETS, HOW BAD HTE MARKET IS, HOW MUCH PROFIT THEY'VE LOT BUT THEY'RE STILL FILLING THEM RIGHTBACK UP, AT LEAST IN THIS AREA," OTHER PRODUCERS AGREE -SAYING  AS SOON AS THEY ARE SELLING , THEY'RE BUYING BACK. "THERE ARE A LOT OF CATTLE COMING IN. SO DURING THIS POINT IN TIME IN THE LOT AREA, THEY'RE NOT HAVING TROUBLE FILLING THEM," CHVATAL SAYS SOME PRODUCERS ARE EVEN KEEPING OLDER COWS AND SELLING YOUNGER REPLACEMENT HEIFERS FOR CASH FLOW. "THAT'S BECASUE THEY CAN MAKE MORE MONEY OFF THE YOUNGER CALVES. SELL THOSE AND MAYBE HOLD THOSE OLDER COWS FOR A FEW MORE YEARS. THEY'RE CHANGING HOW THEY'RE MARKETING," INCLUDING KEEPING CATTLE ON THE FEEDBILL AS THEY WAIT ON PRICES TO TURN. "WE BROUGHT IN STEERS AND THEY'RE 15-HUNDRED POUNDS PLUS OR MINUS THAT.... WE HAULED IN HEIFERS YESTERDAY ADN THEY WERE AROUND 14 HUNDRED POUNDS," BUT EVEN AT HEAVIER WEIGHTS, NOT EVERYONE IS FEEDING LIKE BEFORE. "FOR AWHILE THERE, WE WERE PUMPING OUT 15-16 HUNDRED POUNDS LIVE. NOW WE'RE BACKING IT OFF TO 14-50S OR 13-75 RANGE," A TIME WHEN PRODUCERS ARE MINDFUL OF SPENDING AND HOPING MARKETS FIND A FLOOR SOON. REPORTING FOR AGDAY, I'M BETSY JIBBEN.

CROP COMMENTS
CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM DOW AGROSCIENCES. MIKE HOFFMAN HAS AN UPDATE ON HARVEST CONDITIONS WITH SOME PICTURESQUE PHOTOS. MIKE. GOOD MORNING, CLINTON. LET'S START OFF WITH THIS BEAUTIFUL PHOTO IN TRUMBULL, NEBRASKA. ANDREW SMIDT SAYS HE'S ABOUT HALF DONE WITH CORN. LUCKILY, MOISTURE CONTENT IS STARTING TO DROP. NOW, HE'S WELL INTO SORGHUM HARVEST. MOVING OVER TO SYRACUSE, INDIANA, AARON BOBECK SAYS THIS IS WHAT SEEMS LIKE A RARE MOMENT OF SUNSHINE THIS FALL. HE JUST WRAPPED UP HARVEST FOR THE SEASON. USDA SAYS INDIANA AS A STATE HAS A WAYS TO GO - 64 PERCENT OF CORN AND 71 PERCENT OF SOYBEANS ARE OUT OF THE GROUND. AND TAKING A LOOK AT THE WEATHER MAP TODAY YOU CAN SEE A WET SYSTEM MOVING THROUGH THE GREAT LAKES PARTS OF THE OHIO VALLEY AND A COUPLE OF STORM SYSTEMS OUT WEST WE’LL LET YOU KNOW WHERE THOSE ARE BRINGING RAIN AND SNOW OVER THE NEXT COUPLE OF DAYS COMING UP WITH MY FORECAST BUT NOW HERE ARE SOME HOMETOWN TEMPS AND NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
A NEW STERLING PROFIT TRACKER IS OUT AND SHOWING POSITIVE MOVES FOR FEEDER. WE CONTINUE OUR CATTLE COVERAGE IN OUR DROVERS REPORT. BUT NEXT WE'LL TALK ABOUT THE RECENT STRENGTH IN GRAIN PRICES. AND THIS 4-H GROUP IS TAKING THE STAGE BRINGING A WELL-KNOWN PAPERBACK TO LIFE

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA -MAKERS OF VIKING SIDE-BY-SIDES.  YAMAHA - REAL WORLD TOUGH.  ) LET'S SEE HOW THE MARKETS CLOSED MID-WEEK. FOR THAT, WE HEAD TO THE FLOOR OF THE CMEIN CHICAGO. WEDNESDAY'S AFTERNOON GRAINS. WHAT DO WE SEE? WELL, WE HAVE A NICE RALLY TODAY. NOT A TOTAL SURPRISE. I THINK WE SEE SOME CRUCIAL LEVELS NOW COMING INTO PLAY. I THINK LET'S START OFF IN THE BEAN MARKETS. IT'S BEEN IN A RANGE TRADING FOR THE PAST 14 CONSECUTIVE WEEKS. WE'RE NOW IN THE UPPER PART OF THIS RANGE. THIS IS NOT A BREAKOUT IN MY OPINION. THIS IS A WAY TO UNLOAD A LITTLE BIT AND TAKE A SHORT POSITION IF YOU'RE A TRADER. LOOK FOR A PULL-BACK. THIS IS NOT NECESSARILY THAT WE'RE GOING TO BREAK OUT TO NEW LEVELS. I THINK OVERALL, WE'RE GOING TO SEE ANOTHER PULLBACK. WEDNESDAY'S LIVESTOCK, WELL IT GETS A DECENT PRICE ONCE AGAIN. I THINK WE ARE NOW OFFICIALLY REACHING LEVELS WE WROTE ABOUT ON SATURDAY. I NOW BELIEVE WE'RE AT THE UPPER END OF THIS RANGE. I LIKE THE PRICE. LOOKING FOR REASONS TO BUY. WE'VE HAD A HECK OF A RALLY. TAKE A LOOK AT THE FAT CATTLE. WE WENT FROM 96 TO 1.05. 1.06 SHOULD HOLD US IN WITH A LITTLE PULL-BACK TO 1.02. THIS IS TODD BUBBA HOROWITZ WITH BUBBA TRADING. COM COMING TO YOU FROM THE FLOOR OF THE CME GROUP IN CHICAGO.

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK  WE HAVE MIKE NORTH JOINING US TODAY. MIKE LET'S TALK ABOUT THIS RECENT RUN UP WE'VE SEEN IN GRAIN PRICES WAS THAT COMING FROM WHAT WE DO WITH IT?  WELL WE'VE HAD THE FUNDS UNWINDING SOME OF THEIR  POSITIONS. THEY'VE BEEN A BIG CONTRIBUTOR TO THIS RALLY. WE'VE HAD A GREAT STORY IN EXPORTS AND THEY'VE MOVED FROM WEEK TO WEEK CONTINUED TO BE FAIRLY SIZEABLE. BUT THEY HAVE TO BE TO MEET THE PROJECTION USDA GAVE US BUT BOTTOM LINE IS WE'RE GIVING A RALLY AND AS A PRODUCER YOU SHOULD NEVER SAY WHY? THE REALITY OF THIS IS YOU KNOW WE LOOK AT IT AS AN OPPORTUNITY. WE WELCOME IT. AND NOW WE HAVE TO START FIGURING OUT HOW WE TAKE ADVANTAGE OF IT. WELL, WITH THE RECORD CROP THAT WERE HARVESTING STORAGE HAS COME AT A PREMIUM. AND SO A LOT OF FOLKS HAVE BEEN CAUGHT IN THIS POSITION WHERE YOU'RE THINKING HEY, I'VE GOT THIS EXTRA GRAIN. I'VE GOT TO DO SOMETHING WITH IT. WHERE DO I GO WITH IT? I'LL JUST TAKE IT THE TOWN. WELL, BECAUSE STORAGE IS AT A PREMIUM, STORAGE IS RELATIVELY EXPENSIVE. SO IF YOUR BASIS IS IN A PLACE RIGHT NOW WHERE YOU DON'T EXPECT A LOT OF IMPROVEMENT YOU'RE ACTUALLY BETTER OFF LOOKING AT SELLING IT, RUN IT ACROSS THE SCALE,  GET A PRICE, GET IT MOVED, DON'T PAY THE COMMERCIAL STORAGE AND THEN GO OUT  AND THEN GO OUT IN THE SPRING AND BUY YOURSELF A CALL. IF YOU LOOK AT THE VOLATILITIES ON OPTIONS, THEY'RE VERY SMALL RIGHT NOW. YOU CAN BUY AN OPTION A CHEAPER AND MANAGED THIS OPPORTUNITY BETTER IF YOUR BASIS ISN'T EXPECTED TO IMPROVE WITH A CALL THEN YOU COULD EVERBY PUTTING IT IN SOMEBODY ELSE'S BIN AND PAYING THE PREMIUM. YET IS THERE ANY OTHER STRATEGY THERE BEYOND THAT AS FAR AS   GETTING READY FOR 2017? SHOULD BE WE PRICING 2017?  DO WE LOOK THAT FAR AHEAD? ABSOLUTELY, AND THAT'S SOMETHING WE'VE TAKEN UP WITH ALL OF OUR CLIENTS. THE REALITY IS AT NEAR FOUR DOLLAR CORN AND NEAR TEN DOLLARS SOYBEANS, WE NEED TO BE PROACTIVE. IF YOU COULD GO BACK IN TIME AND SAY, WOULD YOU LIKE TO HAVE SOLD FOR DOLLARS AND TEN DOLLAR CORN AND SOYBEANS FOR THE TWENTY SIXTEEN CROP ON THE BUSHELS YOU DON'T HAVE SOLD RIGHT NOW? THEY WOULD HAVE JUMPED AT IT. SO AS WE LOOK AT NEXT YEAR, YOU HAVE TO TAKE THE SAME ATTITUDE BECAUSESUPPLIES HAVE GOTTEN BIGGER. PRESSURE IS GOING TO BE GREATER. WHEN THESE OPPORTUNITIES AND THERE YOU NEED TO BE LOOKING AT GETTING SALES MADE AND TO MY POINT EARLIER, VOLATILITY IS LOW. BUY THE OPTIONS. START GETTING SOME PRICE FLOORS IN PLACE. BE OUT THERE SHOPPING WHEN THINGS ARE ON SALE.  AND THAT'S AND THAT'S WHAT'S GOING ON RIGHT NOW ON THE OPTION MARKET. ALRIGHT, BEING PROACTIVE. APPRECIATE IT, MIKE. WE'LL BE BACK IN JUST A MINUTE. 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.

WEATHER
WELCOME BACK TO AGDAY WITH MIKE HOFFMAN. MIKE, AS WE LOOK AT WHERE THIS STORM SYSTEM IS HEADING IN THE NORTHEAST, THAT PART HAS BEEN PRETTY DRY. YEAH, IT NEEDS TO GET SOME MOISTURE. SOME OF IT NEEDS TO BE THE WHITE STUFF IN HIGHER ELEVATIONS. THAT WHOLE SYSTEM MOVES OFF TO THE NORTHEAST. AND WE ALSO HAVE THAT STORM SYSTEM OUT WEST, WELL A COUPLE OF STORM SYSTEMS IN SOUTHWESTERN CANADA. THE SECOND ONE WILL MOVE UP TO CENTRAL CALIFORNIA, BRINGING YOU FOLKS MORE RAIN. YOU CAN SEE THIS STORM SYSTEM MOVING SLOWLY MOVING EAST AND NORTHEAST ON  THE NORTH AND NORTHEASTERN FRINGE OF IT, ESPECIALLY IN THE HIGHER ELEVATIONS, WE ARE GOING TO SEE SOME WET SNOW. THIS  MORNING YOU MAY SEE SOME IN THE VALLEYS BUT THAT SHOULD ALL TURN TO RAIN FOR YOU FOLKS, A PRETTY GOOD WET WEATHER MAKER THOUGH. THAT'S GOOD NEWS FOR THOSE AREAS OF THE NORTHEAST. COLD FRONT DOESN'T HAVE MOISTURE ON IT. SHOWERS IN PARTS OF THE SOUTHEAST BUT LITTLE IN THE WAY IN THE WAY OF THAT ONE AS IT MOVES THROUGH THE COUNTRY. ANOTHER SURGE OF WARM AIR MOVING THROUGH THE COUNTRY AS WE HEAD INTO THE DAY TOMORROW, THERE'S THAT SECONDARY SYSTEM PRETTY GOOD RAINS. MAYBE THUNDERSTORMS INTO CENTRAL AND SOUTHERN CALIFORNIA AND THAT'S SOME GOOD NEWS FOR THOSE PLACES AS WELL. THAT AREA IS SEEING A DROUGHT AS WELL. UNFORUNATELY, YOU FOLKS IN THE SOUTHEAST, YOU'RE NOT GETTING MUCH MOISTURE OF THE NEXT COUPLE OF DAYS. YOU CAN SEE OVER THE PAST 24 HOURS IN NORTHEAST TEXAS OVER CENTRAL PORTIONS OF THE GREAT LAKES, ONE TO TWO INCHES OF RAIN HAS FALLEN IN MANY PARTS OF THAT AREA. AS WE HEAD THROUGH THE NEXT 36 HOURS, THE MAJORITY OF THIS SYSTEM IS IN THE     NORTHEAST IN NEW YORK, INTO NEW ENGLAND WITH SOME IN THE RANGE AND THE COLD FRONT ITSELF. LOOK AT THAT MOISTURE IN THE WEST. OBVIOUSLY IN THE EAST AND THE HIGHEST ELEVATIONS OF THE SIERRA NEVADAS GOING TO SNOW. YOU CAN SEE AS WE ADD ON THE NEXT 36 HOURS, OUR MODELS ARE SHOWING A LOT IN NEW ENGLAND AND HIGHER ELEVATIONS AND IT'S JUST HINTING THE AREAS IN THE SIERRA NEVADA WILL GET A LITTLE BIT OF WHITE STUFF AS WELL. THERE'S THE SURGE OF WARM AIR AND HIGH TEMPERATURES IN THE 70S THIS AFTERNOON FOR THE WESTERN PLAINS BUT BOY, 40S AND 50S FOR HIGHS IN THE GREAT LAKES AND NEW ENGLAND TODAY. LOW TEMPERATURES TONIGHT WILL BE COLD FROM THE NEW ENGLAND AREA. LOTS OF 40S IN THE AREA. WE'LL EVEN SEE 30S. OTHERWISE, IT'S PRETTY MILD IN THE WESTERN PLAINS INTO THE SOUTHEAST. SAME IDEA TOMORROW. THAT WARM WEATHER WILL START TO MOVE NORTHEASTWARD AS WELL. THERE'S THE JET STREAM. THAT STORM SYSTEM, THE TROUGH, MOVING THROUGH NEW ENGLAND OVER THE NEXT 36 HOURS, THEN IT KIND OF GOES ZONAL FOR AWHILE. YOU CAN SEE SOME RIPPLES FROM WEST TO EAST. FAST MOVING STORM SYSTEMS BUT NO BIG SURGE OF COLD AIR COMING IN ANYTIME SOON. IT SHOULD STAY WARM IN THE SOUTHEAST WITH THAT SCENARIO. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS.FIRST OF ALL, FOR CRESCENT CITY, CALIFORNIA, CLOUDY AND PERIODS OF RAIN TODAY. THE HIGH TEMPERATURES IS ONLY 62 DEGREES. ROLA, MISSOURI, PARTLY TO MOSTLY SUNNY AND MILD. HIGH TEMPERATURE OFF 70 AND FINALLY TRENTON, NEW JERSEY, BREEZY AND COOL WITH TIMES OF RAIN. HIGH AROUND 54.

TEASE
CATTLE MARGINS ARE GAINING MOMENTUM BUT IS IT  MAKING A DENT IN PRODUCER'S CHECKBOOKS? WE TELL      YOU NEXT IN OUR DROVERS REPORT. AND A 4-H GROUP IS GIVING A NOVEL NEW LIFE AS PART OF THEIR COMMUNITY PROJECT. THE LOCAL WEATHER CAN HAVE A BIG IMPACT NOT ONLY ON YOUR DAY, BUT ALSO ON YOUR CROPS. START YOUR DAY OFF RIGHT WITH YOUR LOCAL FORECAST DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT WEATHER TO 31313 TO GET STARTED.

DROVERS REPORT
IN OUR DROVERS REPORT, THE LATEST STERLING PROFIT TRACKER APPEARS TO BE BACK ON TRACK--OR AT LEAST MOVING IN A BETTER DIRECTION. IT PUTS FEEDER MARGINS AT A LOSS OF 193 DOLLARS PER HEAD THIS WEEK. THAT'S A MARGIN IMPROVEMENT OF 55 DOLLARS FROM THE WEEK BEFORE. INCREASING CASH PRICES AND DECREASING FEED COSTS BOTH HELPING TO STEM THE LOSSES. JUST A MONTH AGO LOSSES WERE ROUGHLY 40 DOLLARS A HEAD. CHINA'S PLAN TO LIFT A BAN ON U.S. BEEF IMPORTS IS STILL VAGUE.. BUT MARKETING SPECIALISTS SAY THE DISCUSSION IS SIGNIFICANT. EVEN THOUGH A CONCRETE TIMELINE IS YET TO BE NAILED DOWN,  OKLAHOMA STATE LIVESTOCK MARKETING SPECIALIST, DERRELL PEEL SAYS CHINA IS GROWING AS A MAJOR IMPORTING COUNTRY. THEY'VE NEVER REALLY BEEN A PLAYER IN THE GLOBAL BEEF MARKET. BUT NOW CONSUMPTION IS EXCEEDING PRODUCTION IN CHINA. THEY'VE BECOME VERY QUICKLY THE NUMBER 2 BEEF IMPORTING COUNTRY IN 2016 AND WILL CONTINUE TO GROW IN 17. THE WAY ITS GOING CHINA MAY BE THE LARGEST BEEF IMPORTING COUNTRY IN THE WORLD. IN KANSAS CITY, A LONGSTANDING MISSOURI STAPLE IS PLANNING A MOVE TO THE KANSAS SIDE OF THE BORDER. THE AMERICAN ROYAL ANNOUNCING PLANS TO SWITCH STATES AFTER MORE THAN A CENTURY IN THE HISTORIC STOCKYARDS DISTRICT OF DOWNTOWN KANSAS CITY, MISSOURI. A NEW COMPLEX IS BEING PLANNED NEAR THE KANSAS SPEEDWAY. THE STATE OF KANSAS CHIPPING IN BIG BUCKS TO HELP ATTRACT THE ROYAL. THE AMERICAN ROYAL SAYS EVENTS ATTRACT MORE THAN 270-THOUSAND PEOPLE ANNUALLY. YOUNG 4-HERS ARE PUTTING THEIR ACTING SKILLS TO THE TEST FOR THEIR COMMUNITY PROJECT. IN THE COUNTRY IS NEXT

IN THE COUNRTY
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 KUBOTADEALER. ONE 4-H GROUP IS PUTTING ON A PERFORMANCE FOR THEIR PEERS BY WRITING AND ACTING IN THEIR VERY OWN PRODUCTION OF 'ANNE OF GREEN GABLES'. FROM OKLAHOMA STATE'S SUNUP TV DAVE DEKENSHOWS US HOW THESE YOUNG, 4-HERS ARE GETTING OUT OF THEIR COMFORT  ZONE AND LEARNING SOMETHING NEW. THE FINE ARTS ARE TAKING CENTER STAGE IN CUSTER COUNTY. "ONE OF OUR 4-H-ERS, MADISON STEPHENS, SHE'S KIND OF  ADAPTED ANNE OF GREEN GABLES AND SHE CAST THE MEMBERS THIS SUMMER DUIRNG A PERFORMING ARTS CAMP." "THE BOOK HELPED ME TO WRITE THIS PLAY." "I'M THIS 14 YEAR OLD BOY AND I TEASE THE GIRLS A LOT. AND APPARANTLY, I'M HANDSOME." EVERYONE PLAYS A PART IN THE SHOW. EVEN FAMILY MEMBERS WHO HELP MEMORIZE LINES. "YES, I WAS A PART OF THAT. MY WIFE IS AS WELL. WE BECAME ACTORS AS WELL. MY DAUGHTER IS INVOLVED. WE WERE NEW TO WEATHERFORD LAST YEAR. IF YOU WERE TO TELL ME LAST YEAR THAT SHE'S ACTING IN FRONT OF HER PEERS, A YEAR LATER, I WOULDN'T HAVE BELIEVED YOU. BUT IT'S REALLY HELPED HER BRING OUT HER CONFIDENT. SHE'S NOT AFRAID TO SHOW WHO SHE IS." "I'M GOING TO BE IN A HORSE CLUB. I KIND OF AM IN THE HORSE CLUB. AND I'M GOING TO DO THE PERFORMING  ARTS." "SOME OF THEM GOT OUT OF THEIR COMFORT ZONE MORE THAN THEY HAVE IN THE PAST WHICH EVERYTIME YOU GET UP, YOU KIND OF EXPAND YOUR BUBBLE A LITTLE BIT. ALWAYS ABOUT EXPANDING YOUR BUBBLE TO THE NEXT LEVEL." "A LOT OF THEM ARE YOUNGER THAN ME. THEY CAN HELP LEAD THE PROGRAM AND DO MORE EVENTS LIKE THIS. THEY KNOW HOW MUCH FUN IT IS." FROM WEATHERFORD, I'M DAVE DEAKEN.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND BETSY JIBBEN I'M CLINTON GRIFFITHS. HAVE A GREAT DAY IN FARM COUNTRY.

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