Good morning I’m Clinton Griffiths. The U.S. Trade deficit declines to its lowest level in two years, thanks in large part to exports of American soybeans.
When Congress returns to work next week, the paramount issue for lawmakers will be to address the so-called "fiscal cliff" this country is facing. A series of fiscal issues coverage on December 31 which could have a dramatic and negative effect on the economy if congress does not address them.
Avoiding the fiscal cliff isn't the only thing on the lame duck docket. There's the Farm Bill left to finish. House AG Committee ranking member Collin Peterson is urging republican leaders to bring the bill to the floor for a vote next week.
The importance of a Farm Bill may continue to grow if it doesn't rain or snow this winter.
This is the latest drought monitor. It shows that 60% of the entire lower 48 are still experiencing some degree of drought. That's basically even with what it was last week. In Kansas, the nation's top winter wheat state, 83% is in extreme or exceptional drought. And in Oklahoma, three quarters of that state are in the two worst categories.
Drought and dry weather are starting to pop up again in cropwatch. With a look at conditions around the country, here's AgDay Meteorologist Mike Hoffman.
In agribusiness today dean foods is reporting a big third quarter. The nation’s largest dairy company is raising its full year outlook.
With widespread power outages still affecting parts of New York City and New Jersey because of the Superstorm, it is having an impact on meat demand. But just how much? Profarmer's Senior Market Analyst Brian Grete and News Editor Julianne Johnston join us from the Profarmer studios to look at the impact on boxed beef demand. Thanks Brian and Julianne. If you subscribe to the Profarmer of America newsletter here's what you can expect this week: a complete breakdown of USDA's November crop reports...those come out later today. Thoughts on a status-quo election. Argentina remains too wet while in Brazil conditions are gradually improving. And while drought remains in the plains, the winter wheat crop is getting worse.
VETS ON CALL:
Disease can spread quickly in a feed-lot. That's why it's important for a veterinarian to take quick action to diagnose and treat sick animals. But it's more than just prescribing antibiotics. There's also 'bedside manner', of sorts. In our brand new series called "Vets on Call", Doctor Tom Noffsinger shows us how he leads by example. We'll be running "Vets on Call" webisodes on a regular basis on AgDay. You can also watch other " Vets on Call " videos on YouTube. The address is on your screen. We'd also like to mention that Pfizer Animal Health funded the Vets on Call video series.
The golden arches are seeing red. For the first time in nearly a decade a key metric shows a drop in sales this October for McDonald’s stores around the world.
The fed's QE 3 hasn't pushed inflation too far yet. According to the American Farm Bureau, the cost for Thanksgiving dinner is about the same as it was last year.