AgDay Daily Recap - October 9, 2017

October 9, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 9, 2017


HEADLINES
FROM THREATS TO NIX A MAJOR TRADE DEAL, TO NOW  WORKING ON TERMS TO RENEOGIATE... WHY THE MURKY TRADE WATERS HAVE SOME FARM  GROUPS ON EDGE.  STRIKING NEW TRADE AGREEMENTS WITH CHINA IS  SOMETHING THE RICE INDUSTRY THINKS COULD  PROVIDE A BIG BOOST.. < IN A 14 DAY PERIOD THEY COULD EAT THE ENTIRE U.S. CROP> IN AGRIBUSINESS, WHY DRAWING A DIRECT LINE FROM  THE U-S DOLLAR INDEX TO COMMODITY PRICES ISN'T SO  CLEAR ANYMORE.  <LOOK AT WHO YOUR COMPETITORS ARE RATHER THAN A VERY NARROW  BASE INDEX.> AND COUNTRY  MUSIC STAR TEAMS UP BAYER TO  SALUTE THE AMERICAN FARMER, WHILE GIVING BACK  TO THOSE IN NEED... <IT'S BEEN AN AMAZING RIDE AND I THINK IT'S MORPHED INTO A SPECIAL  TRIBUTE TO OUR FARMERS> WE GET A BACKSTAGE LOOK AT LUKE BRYAN'S FARM  TOUR.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING CHEVY SILVERADO.

KORUS TRADE AGREEMENT
GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON  GRIFFITHS. THE PRESIDENT CONTINUING ON HIS MISSION TO  REWORK CURRENT TRADE DEALS. AND NOW THE  UNITED STATES' 7TH LARGEST EXPORT MARKET IS ON  BOARD.  IN EARLY SEPTEMBER, THE ADMINSTRATION  THREATENING WALK AWAY FROM THE U-S KOREA  TRADE PACT.   BUT NOW SOUTH KOREA'S TRADE MINISTRY SAYS IT   PLANS TO START THE NECESSARY PROCESS FOR  AMENDMENT TO A DEAL ONLY FIVE YEARS OLD. THE U-S PARTIALLY BLAMING SOUTH KOREA FOR AN  INCREASING TRADE DEFICIT, CALLING IT A JOB KILLER  CREIGHTON UNIVERSITY ECONOMIST ERNE GOSS SAYS  THE ADMINSTRATION'S THREAT TO PULL OUT OF TRADE  DEALS THAT ARE GOOD FOR AG IS A WORRY FOR HIM.    <THE SOUTH KOREAN TRADE PACTS NOT THA TOLD. AND WHEN I WAS  WHEN I TRAVED A GOOD BIT, THERE WAS A LOT OF EXCITMENT AMONG  IOWA PORK PRODUCERS. THEY WERE EXCITED ADN WELL THEY SHOULD BE  FOR HTE EXPORTS TO SOUTH KOREA AND WE SAW THAT WE'RE NOT SEEING  OF COURSE BEEF SALES HOPEFULLY INCREASING TO CHINA> . THERE'S TALK ABOUT THE TRADE AGREEEMNT WITH SOUTH  KOREA. I REALLY HOPE WE CONTINUE TO STRESS THE IMPORTANCE OF  TRADE BECAUSE AS CORN AND SOY PRODUCERS ARE CONCERNED, THE  INTERNATIONAL MARKETS ARE VERY IMPORTANT TO US. I HOPE THE FREE  TRADE AGREEMENTS THAT ARE ON THE BOOKS STAY ON THE BOOKS AND  WE CONTINUE EXPAND THAT,">   THE U-S  NOR SOUTH KOREA RELEASING ANY DETAILS  YET ON HOW THE 5 YEAR OLD TRADE PACT MAY BE  AMMENDED.

NAWG RENEGOTIATING CURRENT DEALS
MEANWHILE, NATIONAL WHEAT GROWERS ASSOCIATION  URGING THE ADMINSTRATION TO QUITE SPENDING TIME  ON RENOGTIATING CURRENT DEALS. INSTEAD, WANTING  THE NATION'S LEADERS TO FOCUS ON WAYS TO  BOLSTER TRADE THROUGH NEW AGREEMENTS.  NAWG CEO CHANDLER GOULE SAYING, QUOTE, USTR  HAS LIMITED RESOURCES - IT IS TIME TO GET PAST  PLOWING THE SAME FIELDS AND START OPENING  GROUND IN NEW MARKETS, END QUOTE. THE RICE INDUSTRY ALSO WORKING TO SET THE STAGE  FOR NEW MARKETS WITH LEADERS CLOSELY WATCHING  WHETHER AN EXPORT OPPORTUNITY TO CHINA CAN  BECOME REALITY.

U.S. RICE PRODUCERS
RICE PRODUCERS SAY WHILE BUSINESS AT HOME IS  BOOMING, IT'S AN INTERNATIONAL APPETITE THEY'D  LIKE TO SEE GROW   MOST OF THAT RICE IN CALIFORNIA IS CONSUMED  DOMESTICALLY AND THEN ABOUT 25 PERCENT IS SHIPPED TO JAPAN.  THE RICE INDUSTRY SAYS THEY'RE LOCKSTEP WITH THE  REST OF AGRICULTURE ON CURRENT TRADE DEALS  LIKE NAFTA, URGING THE ADMINISTRATION TO DO NO  HARM IN AGRICULTURE'S SLICE OF TRADE PACTS.   MEXICO IS OUR LARGEST MARKET, MOST OF ITS ROUGH RICE  MARKET OR RAW MATERIAL MARKET AND THIS CANADA'S IS OUR THIRD  LARGEST.  ANOTHER SCRUTINIZED DEAL THAT COULD  POTENTIALLY POSE FALLOUT FOR RICE-SOUTH KOREA  WHILE WE DON'T NECESSARILY HAVE A SAY IN THE TECHNICAL  ASPECT OF THE AGREEMENT, WE DO EXPORT A LOT RICE TO SOUTH  KOREA EVERY YEAR. AND IF WE GET INTO SOME SORT OF A TRADE, THAT  COULD HAVE A NEGATIVE AFFECT ON THE THE OVERALL TRADE ASPECT SO  WE'RE WATCHING VERY CAREFULLY.  CRUTCHIELD SAYS RICEP PRODUCERS WANT TO  PROTECT CURRENT MARKETS ALREADY IN PLACE, BUT  AS SOME KEY BUYERS WANE, IT'S ENCOURAGING THE  INSDUSTRY TO FIND NEW MARKETS.  RAQ IS STILL PURCHASING U.S. RICE BUT AS YOU KNOW THIS RECENT HISTORY FOUR YEARS AGO WAS  BUYING SEVERAL HUNDRED THOUSAND TONS OF RICE A YEAR, THIS PAST YEAR THEY BOUGHT 30000 TONS AND WITH THE LOSS  OF THOSE MARKETS, YOU EITHER NEED A RESUMPTION OF TRADE THERE OR YOU NEED TO PICK UP NEW NEW MARKETS.  SULLIVAN SAYS CUBA IS ONE  MARKET THAT COULD COME BACK ON BOARD,, IDEALLY POSITIONED TO  TAKE ON MORE EXPORTS FROM THE RICE BELT IN THE SOUTHEAST. ]    BUT AT THE  ND OF THE DAY CUBA BUYS SOMEWHERE BETWEEN FIVE HUNDRED  THOUSAND SIX HUNDRED THOUSAND TONS PER YEAR. THEY IMPORT THAT  MUCH RICE U.S. RICE CROP U.S. PROXIMITY TO CUBA IS THE CLOSEST  THT THERE IS WHICH TAKES OUT THE LOGISTIC ISSUES.  BUT AND AN EVEN BIGGER BUYER WOULD BE THE  WORLD'S MOST POPULOUS COUNTRY.   THE OTHER GIANT HUMONGOUS MARKET THAT YOU CANNOT  IGNORE. WE'RE NOT THERE TODAY IS CHINA. YOU KNOW CHINA IS A  MONSTER OF A MARKET. THE FACTS ARE BASED ON THE CONSUMPTION  RATES OF RICE IN CHINA THAT IF IT GO THE SHORT VERSION IS IN A 14 DAY  PERIOD THEY COULD EAT THE ENTIRE U.S. CROP. SO IT'S AN UNREAL  MARKET.  WELL THERE'S NO DOUBT THE CHINA NEEDS RICE, OVER THE LAST 10 YEARS HAVE GONE TO BEING A COMPETITOR OF THE U.S. AND  OTHERS ON THE EXPORT STAGE TO BEING THE WORLD'S LARGEST IMPORTER  OF RICE. THE ADMINSTRATION PAVING THE PATH THIS YEAR,  SIGNING  AN AGREEMENT  IN JULY TO START  EXPORTING RICE TO CHINA FOR THE FIRST TIME EVER…  A DEAL MORE THAN A DECADE IN THE WORKS.  ONE OF THE THINGS THAT WAS UNIQUE ABOUT THIS  PHYTOSANITARY AGREEMENT WAS THIS IS FIRST TIME THE UNITED STATES  GOVERNMENT HAS EVER ALLOWED A FOREIGN GOVERNMENT TO SEND  INSPECTORS TO THE UNITED STATES TO REVIEW AND INSPECT POTENTIAL  FACILITIES, INDIVIDUAL COMPANIES.  U-S RICE INDUSTRY CALLING IT A WIN,  BUT THE REALITY  IS LITTLE PROGRESS HAS BEEN MADE SINCE THAT FIRST  STEP.  TAKING 11 YEARS TO GET THE FIRST STEP BEHIND US AND  BEING ABLE TO SEE HOW MANY STEPS WE HAVE IN FRONT OF US IS A  LITTLE DISCONCERNING.  AG SECREATARY SUNNY PERDUE RECENTLY RELEASING  AN AGGRESSIVE TIMELINE, SAYING THE FIRST SHIPMENT  OF U-S RICE COULD HIT IN THE NEXT THREE MONTHS.   IF THEY MOVE FORWARD IN ANY KIND OF A TIMELY FASHION,  WE CAN SEE THAT HAPPEN, MY MOST REALISTIC ESTIMATE WOULD BE TO  SAY THAT I'M CONFIDENT WE'LL SEE SOME RICE FROM THE 2017 CROP BE  EXPORTED FROM THE UNITED STATES TO CHINA.  MEANWHILE RICE HARVEST IS UNDERWAY IN THE U.S. WE'LL GET A FRESH CROP PROGRESSLAST WEEK, RICE HARVEST WAS 77 PERCENT  COMPLETE. THAT'S 6 POINTS AHEAD OF THE FIVE YEAR AVERAGE. CALIFORNIA HAS THE MOST LEFT TO CUT-- IT WAS ONLY A FIFTH OF THE WAY DONE. GROWERS SAY THEY GOT A  LATE START TO THE YEAR DUE TO HEAVY MOISTURE  THIS WINTER AND SPRING. 

GROWING DAIRY HERD
THE DAIRY HERD CONTINUES TO GROW AND SOME  ANALYSTS BELIEVE IT WILL BE A CONSTANT WEIGHT ON  MILK PRICES.  THE USDA ROLLING OUT IT'S SEPTEMBER CLASS THREE  MILK PRICE THIS WEEK. AT 16-36 PER HUNDRED ITS DOWN MORE THAN 20 CENTS  FROM THE AUGUST PRICE AND 3 CENTS LOWER THAN  LAST YEAR.  SO FAR THE CLASS THREE PRICE HAS AVERAGED 16-12  THIS YEAR. SOME ANALYSTS SAY IT'S CHALLENGING TO SEE A  PRICE RALLY, A BUMP COULD HAVE TO COME FROM THE  DEMAND SECTOR.   WE'RE STUCK IN THIS SIDEWAYS RANGE, MUCH LIKE THE  GRAIN MARKETS, MUCH LIKE A LOT OF COMMODITIES WITHIN THE LAST  COUPLE OF YEARS. 26 FROM A PRODUCERS PERSPECTIVE, RALLIES INTO THE  17 OR 18 DOLLAR AREA, THAT'S PROBABLY HARD TO COME BY. WE'RE  HOPEFUL DEMAND CAN PUSH IT THERE. BUT WHEN IT DOES GET THERE,  TAKE SOME DEFENSIVE POSTERING."> 36  DOHERTY SAYS THE DOLLAR IS TRADING NEAR TWO  YEAR LOWS, WHICH COULD SPUR INCREASED EXPORTS. 

CROP COMMENTS
MIKE HOFFMAN STARTING OUR WEEK OF RIGHT WITH A  LOOK ACROSS FARM COUNTRY. HE HAS TODAY'S CROP COMMENTS. GOOD MORNING MIKE. GOOD MORNING TYNE. CHYLIE SCHRAMM SENT US THIS PICTURE TO OUR  FACEBOOK PAGE FROM ST. CLAIR MICHIGAN. THEY'VE BEEN HARVESTING BEANS FOR A LITTLE MORE  THAN WEEK. SHE SAYS IT'S BEEN DRY THERE. SOYBEANS ARE RUNNING BETWEEN 10 AND 11 PERCENT  MOISTURE. THIS FIELD YIELDED IN THE LOW 40'S WHICH IS ABOUT  AVERAGE FOR THAT FIELD. AND WEST VIRGINIA RANCHER, BEN WILFONG SENT US  THIS PHOTO OF ONE TUCKERED OUT LITTLE HELPER. THEY LIVE IN MARLINTON, WEST VIRGINIA. HE SNAPPED THE PICTURE OF HIS SON LANE, AGE 4...  ADDING THAT "FARMIN' IS TOUGH STUFF". THEY RUN A COUPLE HUNDRED HEAD OF CATTLE 

ACROSS SEVERAL THOUSAND ACRES. <AD LIB> NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
IT'S MORE THAN JUST A GROWING DAIRY HERD ACROSS  THE COUNTRY, IT'S ALSO PROTEIN SECTOR. SO HOW  COULD THAT IMPACT PRICES? THAT'S AGRIBUSINESS.  AND IF YOU'RE IN THE MARKET FOR A SKID LOADER,  YOU'LL WANT TO HEAR WHAT MACHINERY PETE HAS TO  SAY.  AND LATER, RAISING UP HARD WORKING FARMERS ON A  NATIONAL STAGE... WE'RE TAGGINGN ALONG WITH LUKE  BRYAN FOR HIS ANNUAL FARM TOUR. 

AGRIBUSINESS
WELL WELCOME BACK TO AGDAY. CRAIG VANDYKE AND CHRIS  NARARYANAN TO TALK ABOUT THESE MARKETS. LET'S START OFF WITH THE LIVESTOCK. WE CONTINUE TO SEE THIS PROTEIN SECTOR GROW. I MEAN  YOU LOOK AT THE HOG THE PIGS REPORT YOU LOOK AT THE CATTLE FEED  REPORT. WE JUST HAVE A LOT OF LIVESTOCK ON OUR HANDS RIGHT NOW.  CRAIG. WE DO AND WE'VE GOT DECENT DEMAND. AND YOU LOOK AT  CORN PRICES ARE LOW RIGHT NOW. SO YOU SEE DEMAND FOR FEEDERS  HERE. YOU LOOK AT THE SPREAD AND THE FAT CATTLE MARKET YOU KNOW  WITH BACK MONTH THAT'S HOLDING UP AT THIS 120 LEVEL. YOU KNOW IN  THE RECENT CONTRACT TIES YOU SEE DEMAND FOR THE FEEDER MARKET.  SO YOU KNOW THE LIVESTOCK MARKET WE'VE BEEN FORTUNATE ENOUGH  TO HAVE KIRNER ENOUGH CATTLE MARKET. WE'VE BEEN FORTUNATE NOT  TO SEE DURING THE SUMMERTIME SOLID DEMAND YOU KNOW STRONG  DEMAND IN THE VALLEYS. AND I THINK MORE RECENTLY HERE YOU'RE SEEING HAWGS ACTUALLY HIT NEW CONTRACT HIGHS HERE OUT IN THE  SUMMER MONTHS LATE SPRING MONTHS SO THE DEMAND MARK IS  REALLY WHAT WE'RE WATCHING WE KNOW WHERE WE STAND ON THE  SUPPLY SIDE WHERE THE PACKERS NEEDS ARE STARTING TO GET A LITTLE  FUZZY VERSUS HAWGS YOU KNOW BEING A LITTLE OVERSUPPLIED. BUT  NEW PLANTS COMING ON LINE AND THE CATTLE MARKET RIGHT NOW DOES  SEEM TO BE CURRENT AND YARDS ARE PRETTY FULL WITH THOSE NEW  PLANTS COMING ONLINE THOUGH WE HAVE A LOT MORE PROCESS  PRODUCT ON THE ON THE PORT SIDE OF THINGS. IS THERE A HOME FOR  THAT PRODUCT. WE'VE SEEN MEXICO BE A BIG BUYER AND WE'VE GOT  YOU KNOW WE'VE SEEN WE'VE GOT VERY CHEAP PRICES RIGHT NOW SO  FOREIGN DEMAND IS GOING TO BE THE HOME RUN IF WE'RE GOING TO  REALLY BOOST THE MARKET. AND YOU KNOW PLAYING IN EXPORTS FAVOR  SEEN AS WEAKENING U.S. DOLLAR. BUT YOU KNOW EVEN LAST YEAR  WHEN WE HAD A STRONGER U.S. DOLLAR EXPORTS WERE STILL PRETTY  IMPRESSIVE. SO YOU KNOW TODAY CAN YOU MAKE THAT CONNECTION  THAT A WEAKER DOLLAR MEANS BETTER EXPORTS OR ARE WE SEEING THAT  IMPRESSIVE GROWTH. WELL THE CONNECTION IS THERE BUT THE PROBLEM  WITH LOOKING AT A DOLLAR INDEX FOR EXAMPLE IS A VERY NARROW FOCUS  RIGHT THERE'S ONLY SIX CURRENCIES AROUND THE WORLD AND MOST OF  THEM THE AUSSIE DOLLAR AND THE CANADIAN DOLLAR PART OF IT THAT  CERTAINLY WOULD YOU KNOW CAN COMPETE AGAINST U.S. BEEF  EXPORTS. BUT SOME OF THE OTHERS YOU HAVE TO LOOK AT SPECIFIC  COMPETITORS LIKE BRAZIL. IN REALITY THEY ARE STARTING PAY SO YOU  KNOW LOOK AT WHO YOUR COMPETITORS ARE RATHER THAN A VERY NARROW  BASE INDEX. SO THERE IS A CORRELATION FOR SURE BUT IT'S FINDING THE  RIGHT CORRELATION IN THE RIGHT THINGS TO LOOK AT. OK. SO ANYTHING  ELSE THAT WE SHOULD BE WATCHING ON THE U.S. DOLLAR. I MEAN DO  YOU THINK IT WILL CONTINUE TO WEAKEN. YOU KNOW I THINK IN THE  FORESEEABLE FUTURE IT WILL. OBVIOUSLY PEOPLE WILL WAIT YOU KNOW  WAIT FOR A RATE HIKE IN THE YEAR AND THAT WILL ADD SOME PRESSURE  TO IT. ALL RIGHT. THANK YOU BOTH. I APPRECIATE IT. STAY WITH US. WE  HAVE A MUCH MORE AGDAY WHEN WE COME BACK.

WEATHER
WELCOME BACK WELL METEOROLOGIST MIKE HOFFMAN WITH US  ON THIS MONDAY MORNING. MIKE YOU KNOW WE'RE ENDING THE SHOW  I GOT A BEHIND THE SCENES LOOK AT LUKE BRYAN FARM TOUR ONE OF  THE STOPS WAS ILLINOIS FRIDAY NIGHT. THEY HAD TO MOVE LOCATIONS  TO THE ILLINOIS STATE FAIRGROUNDS BECAUSE THE FARM FIELD THEY  PLANNED TO BE AT GOT FLOODED.   IT LOOKS LIKE SOME OF THE OTHER AREAS GOT QUITE A BIT OF RAIN  ON THIS MASS BASICALLY NORTHERN PLAINS AND SOME OF THE CENTRAL  PLAINS ALL DEPENDED ON EXACTLY WHERE YOU LIVE. OF COURSE NOW  THAT RAIN TIMES TALKING ABOUT HAPPENED JUST BEFORE THIS WEEK  LONG PERIOD THAT WE'RE SHOWING ON THIS MAP THIS IS A WEEK AGO  SATURDAY THROUGH THIS PAST FRIDAY AND YOU CAN SEE THE HEAVIER  AMOUNTS OF RAIN HAVE BEEN ACROSS MINNESOTA INTO NEBRASKA AND  ALSO PARTS OF NEW MEXICO INTO NORTHERN TEXAS PARTS OF FLORIDA.  ENDED UP WITH SOME DECENT AMOUNTS ASPECTS OF THE EASTERN  SECTIONS AS WELL AND YOU SEE A SPOT THERE NEAR TULSA IT LOOKS LIKE  IN OKLAHOMA HAD SOME PRETTY HEAVY RAIN. SO THAT PAINTED ON IN  SOME CASES LIKE EXACTLY WHERE THE POCKETS OF HEAVIER RAIN  MOVED AND ALSO THE THUNDERSTORMS MOVED. BUT YOU CAN KIND OF  SUPERIMPOSE THAT WET AREAS RIGHT THERE AND THAT COULD HAVE  USED A LITTLE MORE IN THE DROUGHT AREAS TO THE NORTHWEST OF IT AND  ALSO ACROSS THE CENTRAL PLAINS INTO THE SOUTHERN MISSISSIPPI  VALLEY. THERE ARE SOME AREAS THAT HAVE BEEN DRYING OUT OVER  THE PAST FEW WEEKS. NOW WE START A TROUGH IN THE WEST AND A  RIDGE IN THE EAST. THE COMPUTER MODELS OCCASIONALLY HAVE BEEN  TRYING TO DIG A TROUGH INTO THE EAST BUT IT IS NOT COMING AT THIS  POINT THERE'S WEDNESDAY A WEAK LITTLE TROUGH JUST KIND OF MOVING  THROUGH THE TOP EDGE OF THE RIDGE AND THEN THE RIDGE JUST BUILDS  RIGHT BACK UP.  SO BASICALLY IT STAYS HOT IN THE SOUTH THE SOUTHERN PLAINS  BUT FARTHER NORTH YOU WILL GET SOME COOLING OCCASIONALLY BUT  NOTHING REAL CHILLY THERE IS FRIDAY THE TROUGH IS STILL OUT WEST IS  KIND OF A CUTOFF TROUGH IS GOING TO STAY THERE FOR A WHILE AND THE  RIDGE HOLDS INTO NEXT WEEK THE WAY IT LOOKS MAINLY FROM THE  MISSISSIPPI VALLEY EASTWARD. AND TAKE A LOOK AT PRECIPITATION THIS  COMING WEEK AND I'M GOING TO GO ABOVE NORMAL FROM THE  SOUTHEAST UP ALONG THE EASTERN SEABOARD. A LOT OF THAT IS FROM  THE REMNANTS OF NATE BUT SOME OF THAT IS THE SECONDARY SYSTEM  COMING IN BELOW NORMAL FOR THE PLAINS INTO THE SOUTHWEST ABOVE  NORMAL FOR THE PACIFIC NORTHWEST. TEMPERATURES THIS WEEK BELOW  NORMAL IN THE TROUGH AREA IN THE WEST AND THE NORTHERN PORTIONS  OF THE ROCKIES ABOVE NORMAL FOR MOST OF THE EAST. EAST OF THE  MISSISSIPPI VALLEY ANYWAY. AND TAKE A LOOK AT THE 30 DAY OUTLOOK  FOR TEMPTERS MORE ABOVE NORMAL. MISSISSIPPI VALLEY EASTWARD  BELOW NORMAL FOR THE INTERIOR SECTIONS OF CENTRAL AND NORTHERN  ROCKIES AND A 30 DAY OUTLOOK FOR PRECIPITATION FROM NORTHEAST  TEXAS INTO THE NORTHEAST I'M GOING BELOW NORMAL ABOVE NORMAL  FOR THE CENTRAL AND NORTHERN PLAINS. THAT'S A LOOK ACROSS THE  COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HAD  TO BAKERSFIELD CALIFORNIA FIRST OF ALL LOTS OF SUNSHINE TO START THE  WEEK AND WARM HIGH OF 87. IT WILL BE HOT IN WACO TEXAS WITH A  GOOD DEAL OF SUNSHINE HIGH OF 95 IN BURLINGTON VERMONT CLOUDY  WITH SOME LIGHT RAIN. HIGH OF 75 DEGREES. 

TEASE
WHEN AGDAY RETURNS, MACHINERY PETE WILL JOIN US  WITH A LOOK AT EQUIPMENT TRENDS. AND THIS ISN'T JUST A CONCERT. IT'S A BENEFIT FOR  AMERICAN FARMERS. I HIT THE ROAD WITH LUKE BRYAN  TODAY ON IN THE COUNTRY.

MACHINERY PETE
MACHINERY PETE IS CONSTANTLY KEEPING HIS EYE ON  WHAT'S HAPPENING IN THE MACHINERY MARKET. BUT  CATCHING HIS EYE THIS WEEK ARE SKID STEERS.  0STAY TUNED FOLKS COMING UP WE ARE GOING TO TALK ABOUT USED  SKID STEERS. TRYING TO IDENTIFY TRENDS IN THE USE FARM EQUIPMENT MARKET. OF  COURSE IT'S HELPFUL TO LOOK BACKWARDS AT THE DATA COMPARE WHAT  PRICES WERE THEN TO NOW. BUT LATELY I'VE GOT A NEW DATA SET THAT'S  ALSO HELPING ME IDENTIFY TRENDS. AND THIS IS SEARCH TRAFFIC DATA TO  OUR MACHINE REPEAT DOT COM WEB SITE. NOW THIS WEEK LET'S LOOK  AT SKIDS TWO YEARS. NOW WE'VE GOT OVER THIRTY SIX HUNDRED USE  GETS TWO YEARS LISTED FOR SALE AT MACHINERY DOT COM. AND IF WE  COMPARE SEARCH TRAFFIC DATA IN THE JUST COMPLETED THIRD QUARTER  VERSUS THE SECOND QUARTER OF 2017 WE SAW A BIG TWENTY THREE  POINT FIVE PERCENT INCREASE IN THE NUMBER OF SEARCHES DISKETTES  TO US. SO MORE PEOPLE SHOP AT. IT'S EVEN MORE PRONOUNCED IF WE  LOOK BACK A YEAR AGO. THIRD QUARTER 2017 VERSUS 16 WE SAW FIFTY  SEVEN POINT SEVEN PERCENT INCREASE. NOW I'VE ALSO BEEN SEEING  REAL STRONG SOLID AUCTION SALE PRICES ON SKIDS JUST THROUGHOUT THE  YEAR. NOW SO FAR THIS YEAR THE HIGHEST AUCTION PRICE I'VE SEEN ON  ANY SKINS YEAR WAS THIS WAS A 2012 BOBCAT T870 WITH FOUR  HUNDRED NINETY TWO HOURS ON IT. SO WHEN THE CONSIGNMENT  AUCTION JULY TWENTY-SEVENTH IN EASTERN ALBERTA CANADA. SO BY  RITCHIE BROTHERS AND WHEN CONVERTED TO U.S. DOLLARS IT WON FOR  FIFTY SEVEN THOUSAND FIVE HUNDRED SEVENTY ONE DOLLARS. NOW THE  HIGHEST AUCTION PRICE I'VE SEEN SO FAR THIS YEAR ON A FARM  AUCTION. NOW THAT WOULD BE THIS ONE A 2013 JOHN DEERE 333E.  SIX HUNDRED AND SEVENTY HOURS ON IT SOLD MARCH 16TH 2017 FARM  SALE IN CENTRAL NEBRASKA ONE FOR FORTY EIGHT THOUSAND FIVE  HUNDRED DOLLARS. 

 

STILL TO COME, ONE OF COUNTRY MUSIC'S MOST  POPULAR STARS IS TOASTING THE AMERICAN FARMER  ON A NATIONAL STAGE... WHILE GIVING BACK TO THOSE  IN NEED. WE SIT DOWN WITH LUKE BRYAN NEXT. 

LUKE BRYAN FARM TOUR
AFTER THE TRAGEDY IN LAS VEGAS, ACTS OF KINDNESS  CAN HELP HEAL A NATION HURTING.  THAT'S WHAT'S TAKING PLACE ACROSS FARM FIELDS  ACROSS THE COUNTRY THIS YEAR.  EACH YEAR, ONE NASHVILLE STAR GETS BACK TO HIS  RURAL ROOTS, AND GIVES BACK TO FARMERS WITH THE  HELP OF BAYER,  COUNTRY MUSIC SUPERSTAR LUKE BRYAN BLEW ONTO  THE MUSIC SCENE MORE THAN A DECADE AGO... BUT EXPLODED IN POPULARITY IN 2011 WHEN HE RELEASED HIS HIT SONG, COUNTRY GIRL SHAKE IT FOR ME.  <COUNTRY GIRL SHAKE IT FOR ME GIRL, SHAKE IT FOR  ME> 6 YEARS LATER, HE'S STILL WINNING OVER FANS  HEARTS.  <WHY ARE YOU OUT THERE? BECAUSE I LVOE LUKE BRYAN.AND MY  BIRTHDAYS TOMORORW SO OI REALLUY WANT TO SEE HIM> <WHAT'S UP FARM TOUR...> EACH FALL, FANS FLOOD FARM FIELDS ACROSS THE  MIDWEST, TO GET A GLIMPSE OF LUKE BRYAN IN ACTION <LETS HERE IT FOR LUKE?!> FORT WAYNE INDIAN WAS JUST  ONE OF SIX STOPS ON  TEH ANNUAL LUKE BRYAN FARM TOUR.. USING A  NATIONAL STATE TO TOAST TO FARMERS.  <I GRE UP TAKING SOIL SAMPES WITH MY DAD, SCOUTING COTTON IN THE  SUMMERS> WITH FARMING IN HIS BLOOD, BRYAN CAME UP WITH  THE IDEA FOR THE FARM TOUR NEARLY 10 YEARS AGO.  <THROUGH THE YEAR,S THROUGH OUR PARTNERSHIP WITH BAYER, WE'VE  GOTTEN REALLY CRAFTY IN GOING FROM SCHOLARSHIPS, TO SALUTING THE  AMERICAN FARMER, TO DONATING MEALS TO HUNGRY FAMILIES> <I THINK OUR FARMERS AND OUR RANCHERS IN THIS COUNTRY ARE  UNDERAPPRECIATED. I DON'T THINK A LOT OF CONSUMERS UNDERSTAND  HOW THAT REALLY REALLY YUMMY CHICKEN AND STEAK AND CORN AND  BEANS, THEY DON'T KNOW HOW IT GETS TO THEIR TABLE. THIS IS ONE  OPPORTUNITY WITH THE HERES TO THE FARMER CAMPAIGN TO HELP  CONSUMERS APPRECIATE THE FARMERS THAT PUT THAT FOOD ON THEIR  TABLE> <TALK ABOUT AN UPHILL BATTLE... 2000 ACRES OF BEANS AND CATTLE> IT'S RECOGNIZING THE CHALLENGES OF FARMING THAT  BRYAN IS HIGHLIGHTING ON A NTIONATL STAGE.  <HERE'S TO THE FARMER THAT PLANTS THE FIELDS INT EH SPRING. > BUILDING OFF HIS HERE'S THE FARMER SINGLE  RELEASED IN 2016.  BRYAN AND BAYER ARE USING THE POWER OF SOCIAL  MEDIA TO GIVE BACK.  <WE'RE PARTNERING WITH FEEDING AMERICA AND EVERYTIME  SOMEBODY USING THE HASTAGH WE DONATE A MEAL,LAST YEAR WE  REACHED HALF A MILLION MEALS WITH FEEDING AMERICA. AND THIS YEAR  WE'RE UPPING THE GOAL AND GOING FOR A MILLION MEALS> A GOAL BAYER HELPS TO REACH THIS YEAR WITH THE  HELP OF ONE OF COUNTRY MUSIC'S BIGGEST STARS.  <IT'S BEEN AN AMAZING RIDE AND I THINK IT'S MORPHED INTO A SPECIAL  TRIBUTE TO OUR FARMERS> AND AS THE SUN SETS ON ANOTHER FARM TOUR, IT'S LUKE PASSION FOR PEOPLE, BRINGING THE COUNTRY  MUSIC COMMUNITY TOGETHER, TO TOAST THE HANDS  THAT PROVIDE THE MOST...  <HERE'S TO THE FARMER..> OUR THANKS TO LUKE AND THE FOLKS AT BAYER FOR  ALLOWING US TO TAG ALONG.  AND DON'T FORGET, SHARE THE HASTAG  HERESTOTHEFARMER TO SHOW YOUR GRATITUDE FOR  AMERICA'S HARDWORKING FARMERS. IN RETURN,  BAYER WILL DONATE A MEAL TO SOMEONE IN NEED

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE  GLAD YOU TUNED IN.  FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY, I'M TYNE MORGAN, HAVE A GREAT DAY IN FARM COUNTRY

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close