AgDay Daily Recap - October 4, 2016

July 18, 2016 02:57 AM
 

TODAY ON AGDAY
OCTOBER 4, 2016

HEADLINES
COMING UP TODAY ON AGDAY-CROP PROGRESS AS HARVEST PICKS UP MOMENTUM NORTH TO SOUTH. IN AGRIBUSINESS...CHECKING DAIRY MARKETS AS WORLD DAIRY EXPO BEGINS IN WISCONSIN. NOBODY SEEMS TO BE MAKING LOTS OF MONEY BUT THEY’RE DOING OK AND SAVORING THAT GARDEN GOODNESS. THIS TENNESSEE TOWN IS BUSY AS CANNING SEASON COMMENCES. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

HARVEST PROGRESS
GOOD MORNING I'M CLINTON GRIFFITHS. HARVEST KICKS INTO HIGH GEAR IN THE CORN BELT. SOME STATES MADE BIG GAINS BUT OTHERS WERE HAMPERED BY HEAVY AUTUMN RAINS. CORN HARVEST IS NOW BEHIND THE FIVE YEAR AVERAGE WITH JUST 24-PERCENT IN THE BIN, COMPARED TO 27-PERCENT AVERAGE. WE SAW A NINE POINT GAIN FROM THE PREVIOUS WEEK. MINNESOTA REACHED EIGHT PERCENT -UP FIVE POINTS IN A WEEK BUT HALF OF WHAT'S NORMALLY HARVESTED BY NOW. WISCONSIN IS SINGLE DIGITS. AND IOWA REACHED TEN PERCENT. A SIX POINT GAIN, BUT BEHIND THE FIVE YEAR AVERAGE. IN NORTHERN IOWA, FARMER MATT KEEL POSTED THIS FOOTAGE ON TWITTER.  IF YOU LOOK CLOSELY, YOU CAN    SEE WATER BETWEEN THE CORN ROWS. AS HE PANS TO THE LEFT YOU CAN SEE WHAT HE WAS PUSHING THROUGH. THIS FOOTAGE WAS SPARKING NUMEROUS TWEETS. KEEL FARMS IN HANCOCK COUNTY, WHICH IS JUST WEST OF EIGHT IOWA COUNTIES THAT WERE DECLARED A MAJOR DISASTER BY PRESIDENT OBAMA BECAUSE OF RECORD RAINFALL. SOUTHERN MINNESOTA AND WESTERN WISCONSIN WERE HIT BY THE SAME STORM SYSTEM.

TEXAS HARVEST
MEANWHILE DOWN IN TEXAS, CORN HARVEST IS STARTING IN EARNEST. THE SPURLOCKFARMILYFARMS BETWEEN STRATFORD AND SUN RAY IN THE TEXAS PANHANDLE. THEY JUST STARTED CUTTING CORN ABOUT A WEEK AGO TAKING IT SLOW WHILE WAITING ON FIELDS TO FINISH DRYING DOWN. GOOD RAINS LAST WINTER AND SPRING HELPED GET CROPS OFF TO A GOOD START BUT THE RAINS SHUT OFF IN JULY. DESPITE THAT, YIELDS HELD UP WELL. WE'RE LOOKING AT 230 TO 260 BUSHEL CORN RIGHT NOW AND WE'RE REALLY TICKLED WITH WHAT WE'VE GOT AND IT MAY NOT BE THE BIGGEST YIELDS WE'VE EVER SEEN BUT ANYTIME WE GET THESE TYPES OF YIELDS ITS A GREAT HARVEST. NATIONAL SOYBEAN HARVEST ALSO DRAGGING ALONG AT 26-PERCENT. A POINT BEHIND AVERAGE. THE THREE "EYE" STATES ARE ALL RUNNING BEHIND THEIR AVERAGES. WINTER WHEAT PLANTING REACHING 43-PERCENT THIS WEEK. A COUPLE POINTS AHEAD OF AVERAGE. 40-PERCENT OF KANSAS WHEAT IS NOW IN THE GROUND. LOOKING AT EMERGENCE -20-PERCENT IS BREAKING THRU THE SOIL. THAT'S AHEAD OF AVERAGE. 12-PERCENT OF KANSAS WHEAT HAS EMERGED,

CATTLE GRAZING ON WHEAT
MEANWHILE AS THE NEXT WINTER WHEAT CROP STARTS TO EMERGE, FARMERS AND RANCHERS IN THE GREAT PLAINS MUST FIGURE OUT IF THEY CAN MAKE MORE MONEY BY ALLOWING CATTLE TO GRAZE AND ADDING POUNDS. OR PULL THE HERD NEXT SPRING AND MAKE SOME GRAIN. OKLAHOMA STATE LIVESTOCK MARKETING SPECIALIST DERRELL PEEL SAYS WITH THE LOW WHEAT PRICES AND ABUNDANT GLOBAL SUPPLY, THE ANSWER MAY ALREADY BE DECIDED FOR SOME PRODUCERS. "WHEAT FOR GRAIN IS GOING TO BE A REAL CHALLENGE. THAT'S A NICE WAY TO SAYING WE'RE PROBABLY GOING TO SEE LOSSES ON THAT.  I THINK THERE'S GOING TO BE A LOT OF INTEREST IN GRAZING, NOT ONLY THIS WINTER - BUT SOME OF THESE GUYS, BECAUSE OF THEIR EXPECTATIONS ON WHEAT MARKET,  ARE GOING INTO THIS FALL, PLANNING TO GRAZE OUT THIS SPRING." PEEL SAYS FARMERS HAVE BEEN PLANTING A LOT OF WHEAT. AND PASTURE CONDITIONS HAVE BEEN GOOD WITH PLENTY OF MOISTURE.

CHINA CORN EXPORTS
BIG CROPS HERE AT HOME EXPECTED TO GET MORE COMPETITION ON THE WORLD MARKET AS CHINA ANNOUNCES PLANS TO START EXPORTING SOME OF IT'S MASSIVE CORN STOCKPILE. IT WOULD BE THE FIRST TIME IN A DECADE THAT CHINA HAS ISSUED PERMITS TO EXPORT. OFFICIALS GIVING TWO STATE OWNED COMPANIES PERMISSION TO SELL CORN ABROAD. CHINA IS THE WORLD'S 2 LARGEST PRODUCER. ANALYSTS SAY DUMPING CORN ONTO THE GLOBAL MARKET COULD FURTHER PRESSURE PRICES HERE AT HOME.

USDA HOGS AND PIGS REPORT
ON THE LIVESTOCK SIDE, USDA JUST RELEASING IT'S LATEST HOGS AND PIGS REPORT. IT SHOWS HERD EXPANSION CONTINUED LAST QUARTER BUT THAT MAY BE SLOWING DOWN. AS OF SEPTEMBER FIRST THE U.S. SWINE INVENTORY IS UP 2 PERCENT YEAR OVER YEAR. TOTAL POPULATION NOW 70 POINT 8 MILLION HEAD. THAT INCLUDES A RECORD NUMBER OF MARKET HOGS. FARROWINGS FROM JUNE TO AUGUST WERE ALSO ABOVE 2015 INCLUDING A NEW RECORD HIGH FOR THE PIG CROP. THE NUMBER OF PIGS OF PER LITTER AVERAGED 10 AND A HALF FARROWINGINTENTIONS PREDICTING NUMBERS TO FALL IN THE FOURTH QUARTER...ON INTO EARLY 2017.

TYSON FOODS TO BUILD NEW PLANT
SPEAKING OF PORK, TYSON FOODS SAYS IT PLANS TO INVEST NEARLY 30 MILLION DOLLARS IN A PLANT IN WESTERN IOWA. THE FRESH MEATS FACILITY IN COUNCIL BLUFFS IS GETTING A 55-THOUSAND SQUARE FOOT ADDITION. IT CURRENTLY MAKES STORE READY PORK AND BEEF PRODUCTS. THE COMPANY SAYS ADDED SQUARE FOOTAGEWILL ALSO INCREASE ITS NEED TO FOR WORKERS. TYSON PLANS TO ADD ANOTHER 350 EMPLOYEES TO THE WORK FORCE.                                    

GLYPHOSATE AND CANCER
MONSANTO IS STANDING BEHIND THE SAFETY OF GLYPHOSATE. THE COMPANY RELEASING A NEWLY COMMISSIONED STUDY FROM 15 SCIENTISTS. PUSHED ONLINE IN THE JOURNAL OF CRITICAL REVIEWS IN TOXICOLOGY, THE RESEARCHERS SAY GLYPHOSATEOR ROUND UP IS UNLIKELY TO POSE A CANCER RISK TO HUMANS. THE REPORT A RESPONSE TO THE WORLD HEALTH ORGANIZATION'S INTERNATIONAL AGENCY FOR RESEARCH ON CANCER CLAIMING THE HERBICIDE LIKELY CAUSES CANCER IN HUMANS. THIS REPORT ALSO FOLLOWS FRESH ANALYSIS FROM EPA...THAT ALSO SHOWED GLYPHOSATE IF SAFE. AN EPA SCIENTIFIC ADVISORY PANEL MEETS LATER THIS MONTH.

CROP COMMENTS
CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM DOW AGROSCIENCES MIKE HOFFMAN IS TAKING-OFF FOR A COUPLE OF DAYS. CINDI CLAWSON IS FILLING-IN. SHE JOINS US WITH TUESDAY'S CROP COMMENTS, GOOD MORNING CINDI. IT WAS A WET WEEKEND IN PARTS OF THE MIDWEST BRINGING HARVEST TO A HALT IN NORTHERN ILLINOIS AND NORTHERN INDIANA. ON SATURDAY STANDING WATER WAS COMMON IN FIELDS, LIKE THIS ONE IN MINOOKA <MIN-OO-KUH> ILLINOIS. IT'S ABOUT AN HOUR SOUTHWEST OF CHICAGO. BUT THEN ON MONDAY COMBINES WERE RUNNING AGAIN. WE WERE AT THE PITSTICK FARMS IN MAPLE PARK, ILLINOIS. THE FAMILY SAID THEY'RE SEEING ABOVE AVERAGE YIELDS. WE’LL BE TALKING ABOUT OUR FORECAST FOR THE WEEK AHEAD IN JUST A FEW MINUTES BUT NOW HERE ARE SOME HOME TOWN TEMPERATURES

TEASE
WHEN WE COME BACK WE'LL CHECK IN ON DAIRY MARKETS WITH TYNE MORGAN AND BRIAN DOUGHERTY OF STEWART PETERSON. AND LATER, STORING UP SUMMER GARDEN GOODNESS. THIS TENNESSEE TOWN OPENS A CANNERY TO HELP LOCAL RESIDENTS KEEP THEIR SUMMER HARVEST.

AGRIBUSINESS
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE-BY-SIDES.  YAMAHA - REAL WORLD TOUGH. IN AGRIBUSINESS TODAY, THE MAJOR GRAINS SPENDING PART OF THE DAY IN THE GREEN. LETS SEE HOW THINGS CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. SOYBEANS THE NEARBY SOY CONTRACTS HAVE GONE RIGHT INTO KIND OF A BREAKDOWN AND RESISTANCE AREA ON THE CHARTS SO YOU LIKE YOU'RE LIKELY TO SEE SOME INCREASE SELLING INTEREST ON THIS RALLY UP IN HERE. CORN TESTING THE TOP END OF THE RECENT RANGE IN THE MID THREE FORTY'S MID UPPER THREE FOURTY AND COULD ALSO STALL OUT IN THIS RANGE AS WELL. THERE HASN'T REALLY BEEN A WHOLE LOT OF SELLING. MOST OF THE BUYING HAS COME FROM THE SPECULATOR AND THERE HAS BEEN SOME SPECULATIVE PROFIT TAKING A LITTLE BIT OF PRODUCER SELLING SHOWING UP BUT REALLY THE PRODUCER'S STILL KIND OF HOLDING OUT AND OUT HOPING FOR SOME HIGHER PRICES. BUT ALSO THE PRESIDENT OF ARGENTINA SAID THEY DON'T ANTICIPATE LOWERING THE EXPORT TAX ON SOYBEANS ANYTIME SOON SO REALLY THAT MADE SOYBEANS THE LEADER. IT'S BEEN A HIGHER DAY OVER IN THE LIVESTOCK COMPLEX WITH CATTLE FEEDER CATTLE AND HOGS TRADING HIGHER ON THE DAY. REALLY QUITE A REVERSAL AFTER THE VERY EXTREME WEAKNESS THAT WE SAW LAST FRIDAY THERE WAS SOME IDEA THAT THE SELLING LAST FRIDAY WAS RELATED TO THE END OF THE MONTH POSITIONING AND SOME FROM LONG LIQUIDATION FROM SOME OF THE FUNDS THAT HAVE BEEN LOSING MONEY IN BOTH THE CATTLE AND HOGS. OK THANKS VERY MUCH THIS IS JACK SCOVILLE. I AM VICE PRESIDENT OF PRICE FUTURES GROUP. HERE IN THE CME FLOORS IN CHICAGO WITH SOME COMMENTS ON THE MARKETS.

DAIRY MARKETS
AFTER A RALLY IN AUGUST, OCTOBER CLASS THREE MILK FUTURES PRICES HAVE FALLEN MORE THAN 2 DOLLARS. TYNE MORGAN JOINS US FROM THE AGRIBUSINESS DESK WITH ON DAIRY MARKETS IN TODAY'S ANALYSIS. BRYAN DOHERTY HERE OF STEWART PETERSON. BRYAN LET'S LOOK AT THIS DAIRY SITUATION A REPORT CAME OUT OF EU. IT LOOKS LIKE PRODUCTION IS SLOWING SLIGHTLY THERE. SO WHEN WE LOOK AT THE AMOUNT OF MILK THAT WE HAVE ON THIS WORLD MARKET IT LOOKS LIKE IT'S IMPROVING A LITTLE BIT BUT IS IT IMPACTING PRICE? NOT MUCH. IN FACT MILK PRICES HAVE BEEN DOWN THE LAST THREE WEEKS AND IN A PRETTY STEADY DOWNTURN OF A BUCK FIFTY TO NEARLY TWO DOLLARS A HUNDREDWEIGHT. NOW THE GOOD NEWS IS THAT AFTER A RALLY IN MAY, JUNE, JULY AND AUGUST. SO MILK PRICES RALLIED WE THINK THE CHEESE BUYERS CAME IN AND MADE THEIR HOLIDAY SUPPLIES. AND YOU JUST HAD ISSUES. YOU HAVE SOME CORN PRICES THAT WERE TRADING NEAR 4.50 A BUSHEL. THOSE THINGS ALL PROVIDE UNDERLYING SUPPORT BUT NOW WE FAST FORWARD TO SEPTEMBER WE'VE HAD A GOOD LATE SUMMER, EARLY FALL, WEATHER PATTERN. WE'VE GOT BIG PRODUCTION IN THE U.S. COW SLAUGHTER ISN'T OFF AS MUCH IS IT NEEDS TO BE THE BIG DAIRIES, THEY WORK THROUGH SUMMER. THEY'RE OKAY. NOBODY SEEMS TO BE MAKING LOTS OF MONEY BUT THEY'RE DOING OKAY. NOW WE'VE STARTED THE SLIDE, THE COW SLAUGHTER NUMBERS HAVE TO DECREASE IN THE U.S. IN ORDER TO TURN THIS PICTURE AROUND. OTHERWISE I THINK WE'RE GONNA BE MIRRORED IN 14.50 TO 15 DOLLARS MILK AS WE HEAD INTO THE FOURTH QUARTER BUT DO YOU THINK WE'LL SEE HIGHER SLAUGHTER. WE HAVEN'T SEEN THAT YET BRIAN YOU KNOW MILK, WHEAT, CORN, BEANS - THE FARMER FACES THE DILEMMA IS HOW I WORKED MYSELF OUT OF LOW PRICES TO HIS MINDSET IS I NEED TO PRODUCE MORE. SO THAT IS THE ISSUE THAT YOU OFTEN HAD IN THE DAIRY INDUSTRY IS YOU GET A WAVE OF INCREASED PRODUCTION AS FARMERS TRY AND PRODUCE THEIR WAY OUT OF LOW PRICES. THAT USUALLY COMPOUNDS THE ISSUE UNTIL IT GETS PAINFUL ENOUGH THAT THAT THE HERD HAS TO LIQUIDATE. AND I DON'T THINK WE SEE IN THAT POINT YET ON THE FLIP SIDE LOOKING AT THESE GRAIN PRICES, IT SEEMS LIKE A GOOD TIME TO LOCK IN THOSE FEED NEEDS. I WOULD ENCOURAGE ANYBODY WHO BUYS PROTEINS, ANYBODY WHO BUYS CORN, LOCK IN A YEAR'S WORTH. NOW THAT'S PRETTY BOLD. YEAH. BUT HOW MUCH CHEAPER IS IT REALISTICALLY GOING TO GET VERSUS THE RISK YOU'LL FACE. LET'S LOOK BACK THE LAST SIX MONTHS LET'S LOOK AT WHAT HAPPENED THE SOUTH AMERICA WITH THEIR WEATHER MARKET LATE IN THE SEASON AND ALL OF A SUDDEN MEAL PRICES UP SIXTY FIVE PERCENT IN A MATTER OF TWO MONTHS LET'S GO BACK A LITTLE FURTHER. LET'S GO BACK TWO, THREE, FOUR, FIVE, SIX YEARS AND SEVEN AND EIGHT DOLLAR CORN IF WE DON'T THINK WE CAN RETURN THE 7-8 DOLLAR CORN, YOU'RE LIVING AN UNREALISTIC WORLD. WE'VE HAD FOUR RECORD CROPS IN A ROW. WHAT HAPPENS IF WE PRODUCE A HUNDRED SIXTY BUSHELS NEXT YEAR, A GOOD CROP, THAT'S NOT ENOUGH. WE HAVE TO RATION SUPPLY. SO THE DOWNSIDE RISK IS LIMITED. THE UPSIDE MATHEMATICALLY IS UNLIMITED BUT BE PREPARED. SO BUY A YEAR'S WORTH OF FEED, GO AHEAD AND LOCK IT IN. LOCK IT IN AND IF IT GETS CHEAPER, BY END TWO YEARS GOOD POINT. DEFINITELY A GOOD POINT. BRYAN DOHERTY OF STEWART PETERSON.  STAY WITH US WE HAVE MUCH MORE WHEN WE COME BACK.TO DISCUSS MARKETING STRATEGIES CALL 800-334-9779 OR VISIT STEWART-PETERSON.COM

TEASE
"I'M CHARLES DENNEY. BRING YOUR VEGETABLES HERE. WE'RE VISITING A CANNERY IN ONE WESTERN TENNESSEE TOWN AND WE'LL SEE HOW THE WHOLE COMMUNITY BENEFITS. THAT STORY COMING UP ON AGDAY"

NATIONAL WEATHER
WELCOME BACK TO AGDAY. HERE WITH CINDI CLAWSON. CINDI AS WE LOOK AT THIS MAP YOU COULD SEE WHITE ON THIS MAP. SNOW STARTING TO FALL. AND IT'S NOT THE FIRST TIME BUT BOY IT SEEMS LIKE A GOOD STORM IT EXACTLY. IT'S IT'S A KIND OF A STRONGER STORM AND IT'S NOT VERY FAST MOVING EITHER. LET'S TAKE A LOOK. AND YOU CAN SEE SOME OF THAT WHITE OVER IN PARTS OF MONTANA, WYOMING AND EVEN IN  NORTHERN PARTS OF COLORADO WHERE YOU GET THAT SWIRL AROUND THAT LOW PRESSURE SYSTEM BRINGING IN SOME COOLER AIR THERE. WHILE THAT SYSTEM IS GOING TO BE SLOW MOVING AS IT PUSHES OFF TO THE EAST BUT IT IS PROBABLY THE BIGGEST WEATHER MAKER ACROSS THE COUNTRY. THAT AND WE DO HAVE A KIND OF A STUBBORN LOW PRESSURE IN THE PACIFIC NORTHWEST AS WELL.BUT MOVING INTO THE NEXT TWENTY FOUR HOURS THAT FRONT CONTINUES TO MOVE INTO THE UPPER MIDWEST. SO LOOK FOR SOME SHOWERS AND THUNDERSTORMS THERE WHILE WE SEE THAT COLDER AIR CONTINUING TO ROTATE INTO PARTS OF MONTANA AND INTO WYOMING AS WELL. AS WE HEAD INTO YOUR WEDNESDAY MORNING WE'RE GONNA BE SEEING THAT FRONT SLOWLY MOVE ON OFF TO THE EAST BUT IT'S EVENTUALLY KINDA STALL OUT OVER PARTS OF THE CENTRAL CORN BELT SO THAT'S GOT ME IN TIMES OF SHOWERS AND SOME RUMBLES OF THUNDER FOR PARTS OF THE CENTRAL CORN BELT BEFORE FINALLY STARTS TO KICK ONTO THE EAST.AND AS WE HEAD THROUGH THE DAY ON WEDNESDAY YOU'LL SEE THE NORTHERN PART OF IT STARTS TO PIVOT TO THE EAST BUT THE TAIL END OF IT HANGS BACK A LITTLE BIT.SO WE'RE GONNA BE SEEING AGAIN SOME WERE SLOW MOVEMENT FROM THIS FRONT AS WE GET INTO THE MIDDLE PART OF THE WEEK. ALRIGHT LET'S TAKE A LOOK AT HOW THINGS ARE SHAPING UP AS FAR AS PRECIPITATION IS CONCERNED. THE PAST 24 HOURS IT'S BEEN FLORIDA BUT AGAIN THAT STATIONARY FRONTAL BOUNDARY AROUND THERE AND WE ALSO HAVE HAD A FAIR AMOUNT OF RAINFALL AND SOME OF THAT IN THE FORM OF SNOWFLAKES IN PARTS OF THE DAKOTAS AND INTO WYOMING AND INTO MONTANA AS WELL. ADDING ON THE NEXT TWENTY FOUR HOURS IT'S REALLY GOING TO BE THAT STORM SYSTEM IN THE NATION'S MIDSECTION THAT'S GONNA BE BRINGING MOST OF THE A HEAVY RAIN AND EVEN SOME SNOW FLAKES AGAIN AND SOME OF THOSE COLDER AREAS THERE ESPECIALLY AS YOU GET INTO THE SOUTH CENTRAL PART OF CANADA. LOOKS LIKE SOME PRETTY HEAVY RAIN AND EVEN SOME SNOW AND THERE AS WELL ALRIGHT AS FAR AS THOSE TEMPERATURES ARE CONCERNED YOU COULD SEE TEMPERATURES ONLY IN THE FIFTIES EVEN SOME FORTIES IN SPOTS THERE IN PARTS OF MONTANA. STILL PRETTY WARM IN THE EASTERN UNITED STATES SEVENTIES AND EIGHTIES THERE, EVEN IN NINETY ONE DOWN IN BROWNSVILLE. HEADING INTO THE OVERNIGHT HOURS WE'LL SEE THOSE TEMPERATURES DROP DOWN INTO THE FORTIES AND THIRTIES AND MUCH OF THE NORTHWESTERN UNITED STATES FIFTIES AND SIXTIES IN THE EAST. AND A FEW SEVENTY STILL REMAINING IN THE SOUTH. AND SIMILAR TEMPERATURES AS WE HEAD INTO TOMORROW A LITTLE BIT COOLER THOUGH FOR SOME OF THOSE AREAS THAT ARE EXPECTING SOME SNOW.

REGIONAL WEATHER
THAT'S A LOOK AT YOUR NATIONAL FORECAST NOW LET'S CHECK ON THE WEATHER WHERE YOU LIVE. SWEET HOME OREGON SHOWERS LIKELY FOR YOU TODAY. MAYBE A RUMBLE OF THUNDER WITH A HIGH OF AROUND SIXTY ONE DEGREES. JEFFERSON IOWA BREEZY WITH SHOWERS AND THUNDERSTORMS HIGH OF SEVENTY SIX DEGREES. AND MADISON MAINE SOME FOG TO START THE DAY OTHERWISE SUNSHINE WITH A HIGH OF SIXTY NINE.

TEASE
WHEN WE COME BACK, NEW REPORTS BRING HOPE TO DAIRY MARKETS IN THE FORM OF WORLD DEMAND. DETAILS NEXT. PLUS - DO YOU ENJOY CANNING YOUR OWN GARDEN-  GROWN PRODUCE, BUT DON'T LIKE THE HASSLE INSIDE YOUR OWN KITCHEN? WE HAVE A SOLUTION - LATER ON AGDAY. 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.                                                                                                                                  

DAIRY REPORT
IN OUR DAIRY REPORT---ALL EYES ARE ON MADISON WISCONSIN THIS WEEK AS THE WORLD DAIRY EXPO KICKS OFF. THIS YEAR MARKS THE 50TH ANNIVERSARY OF THE EVENT. IT BEGAN IN 1967 WHEN COWS AVERAGED 88-HUNDRED POUNDS OF MILK PER YEAR. TODAY THOSE AVERAGES ARE NEARLY TRIPLE AND 10 MILLION COWS PUMP OUT 210 BILLION POUNDS EVERY  YEAR. THIS YEAR, ATTENDEES WILL ONCE AGAIN BE DISCUSSING MARKET TURBULENCE AND FIND A WAY TO GROW WORLD DEMAND. ACCORDING TO GERMANY BASED INTERNATIONAL FARM COMPARISON NETWORK--A GROUP OF DAIRY RESEARCHERS FROM MORE THAN 90 COUNTRIES--GLOBAL MILK DEMAND IS EXPECTED TO KEEP GROWING UNTIL 2025. THE IFCN JUST RELEASING IT'S NEW LONG TERM DAIRY OUTLOOK. IT ESTIMATES THAT GLOBAL DEMAND FOR MILK WILL GROW 25 PERCENT OVER THE NET 10 YEARS. A GROWING POPULATION IS THE MAIN DRIVER OF THAT CONSUMPTION INCREASE, BUT THE RESEARCHER EXPECT CONSUMPTION TO RISE AS WELL...WHICH SHOULD INCREASE PRICES. OVERALL, PRODUCTION COULD JUMP BY 208 MILLION TONS---OR 8 AND A HALF TIMES THE CURRENT PRODUCTION OF NEW ZEALAND. BACK AT HOME, OFFICIALS IN NEW NEW HAMPSHIRE ARE CALLING AN EMERGENCY MEETING TO DISCUSS HELP FOR THE STATES DAIRY FARMERS STRUGGLING UNDER LOW PRICES AND DROUGHT. IN THE LAST FEW MONTHS, NEARLY ONE FIFTH OF NEW HAMPSHIRE'S DAIRIES HAVE SHUTTERED. OFFICIALS SAY JUST 101 REMAIN. CURRENTLY NO EMERGENCY MONEY IS BUDGETED FROM THE STATE FOR DISASTER ASSISTANCE. LEGISLATORS ARE MEETING TO DISCUSS POSSIBLE ASSISTANCE.

TEASE
WHEN WE COME BACK -SEE HOW ONE TENNESSEE TOWN MAKES "CANNING" A COMMUNITY EVENT. IN THE COUNTRY IS NEXT. RECEIVE A FREE TRIAL OF THE DAILY MARKET LETTER AND GAIN KNOWLEDGE ABOUT CURRENT MARKET CONDITIONS FROM THE PROFESSIONALS AT BOWER TRADING. VIEW THE MARKETS LIKE NEVER BEFORE. GO TO BOWER TRADING DOT COM. 

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. ONE TENNESSEE COMMUNITY HAS ITS OWN UNIQUE WAY OF HELPING FRUIT AND VEGETABLE PRODUCERS PREPARE THEIR FOODS FOR MARKET – OR JUST TO STORE THEM FOR WINTER. THE TOWN HAS ITS OWN CANNERY, OPERATED SEVERAL DAYS A WEEK THIS TIME OF YEAR. CHARLES DENNEY FROM THE U-T INSTITUTE OF AGRICULTURE SHOWS US A BUSY MORNING AT THE PLACE, AND HOW IT BENEFITS THE TOWN. PLUMP, SWEET TOMATOES, A LAUDERDALE COUNTY SPECIALTY. BUT WE CAN'T EAT ALL OF THESE AT ONCE, SO WHAT DO WE DO? WELL, YOU'VE COME TO THE RIGHT PLACE – THE COMMUNITY CANNERY IN RIPLEY. HERE FOLKS CAN BRING FRESH PRODUCE IN, ALONG WITH THEIR OWN JARS, AND THE NICE LADIES LIKE MARY MILES WILL ASSIST YOU. "WELL, YOU CAN CAN ABOUT ANYTHING YOU WANT BECAUSE WE HAVE THE THREE POTS FOR THE CANNING AND THE COOKING, SHELLING THE PEAS. WE CAN SHELL JUST ABOUT ANY KIND OF PEA." "THE CANNERY IS OPEN FOUR MORNINGS A WEEK, ABOUT TWENTY TOTAL HOURS. THIS PLACE IS FREE FOR ANY LOCAL RESIDENT TO USE, AND FUNDED BY THE COUNTY." HARLEY PATTERSON LOVES LAUDERDALE TOMATOES, AND COMES IN OFTEN. AND AT THE CANNERY, HE HAS THE CAPACITY TO JUICE HUNDREDS OF POUNDS IN MINUTES. "WHAT'S NICE ABOUT THIS IS THAT YOU DON'T HAVE TO KNOW A LOT ABOUT CANNING. THE LADIES HERE DON'T DO IT FOR YOU, BUT THEY'RE RIGHT HERE AND THEY HELP YOU EVERY STEP OF THE WAY. AND IT'S ALL VERY STERILE, VERY CLEAN, VERY COMMERCIAL." "WE HAVE COMMERCIAL STEAMERS HERE TO STERILIZE JARS." JC DUPREE ADMITS HE'S NO CANNING EXPERT, BUT HE DOES LEND A HAND, ESPECIALLY IN THE AREAS OF FOOD SAFETY. UT EXTENSION HAS BEEN INVOLVED IN THE OPERATION HERE SOME FOUR DECADES. DUPREE SAYS THIS FACILITY IS A TRUE COMMUNITY RESOURCE -- WHERE CANNING IS DONE RIGHT AND DONE QUICKLY. NO WONDER IT'S SUCH A POPULAR PLACE. "IF YOU COME OUT HERE ON A SATURDAY – I'VE BEEN OUT HERE, THERE'S BEEN FIFTEEN TO TWENTY PEOPLE, AND THERE'S A WAITING LINE OUT THIS DOOR TO COME IN AND JUICE TOMATOES."AND THAT'S EXACTLY WHAT'S HAPPENING HERE THIS MORNING. THE CANNERY WILL STAY OPEN INTO EARLY FALL. AND IF THE PEOPLE OF LAUDERDALE COUNTY WANT TO KNOW IF THEY CAN ENJOY FRESH VEGETABLES IN THE COMING WINTER MONTHS -- OH YES YOU CAN. THIS IS CHARLES DENNEY REPORTING.

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.

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