USFR Weekly Recap - April 16-17, 2016

April 16, 2016 03:30 AM
 

TODAY ON U.S. FARM REPORT
APRIL 16-17, 2016


OPENING HEADLINES:
<FROM THE STUDIOS OF FARM JOURNAL BROADCAST, THIS IS U.S. FARM REPORT.>  WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN,  AND HERE'S WHAT WE'RE WORKING ON FOR YOU OVER THE NEXT HOUR.  IT'S BEEN A YEAR SINCE THE MASSIVE AVIAN FLU OUTBREAK SPREAD ACROSS THE MIDWEST.  BUT THE OUTBREAK IN INDIANA THIS YEAR WAS HARDLY NOTICED...  <EVERY DISASTER HAS ITS BUMPS BUT THIS ONE, WE WEATHERED IT  WELL>  WE'LL TELL YOU WHY OFFICIALS WERE BETTER PREPARED.  WE'RE HEADING UP NORTH FOR A LOOK AT WHAT'S DRIVING EQUIPMENT TRENDS IN 2016...  <CENTRAL MINNMESTOA, VERY STRON GUSED EUQIPMENT VALUES HERE EARLY IN 2016. >  WE'RE ON THE ROAD WITH MACHINERY PETE TRAVELING TO DAIRY COUNTRY.  AND IN JOHN'S WORLD...  <THIS IS MY LATEST PROJECT AND I MADE IT ALL BY MYSLEF> 
USDA REPORT HAS FEW SURPRISES:
NOW FOR THE MARKET RELATED NEWS, USDA RELEASING ITS FIRST REPORT SINCE THE MARCH 31   ACREAGE NUMBERS THAT WERE A HUGE MARKET  MOVER. BUT THIS TIME, THERE WEREN'T MANY BIG   SURPRISES.  USDA INCREASING OLD CROP CORN AND WHEAT CARRYOVER, WHILE CUTTING SOYBEANS AND COTTON CARRYOVER FROM LAST MONTH.  THE AGENCY PUTTING THE CORN CARRYOVER FOR THE 2015 TO 2016 YEAR AT 1 POINT 86 BILLION BUSHELS.  WHEAT IS NOW AT 976 MILLION BUSHELS.  MEANWHILE, SOYBEAN CARRYOVER NOW DOW 15 MILLION BUSHELS TO 445 MILLION.  AND COTTON SITS AT 3 PONT 5 MILLION BALES. DOWN  FROM THE AGECY'S MARCH PROJECTION OF 3 POINT 6 MILLION.  AS WE'VE BEEN DISCUSSING IN OUR ROUNDTABLES, GRETE SAYS THE BIGGER FOCUS IS ON WEATHER AND  PLANTING CONDITIONS.  
WHEAT STOCKS:
MEANWHILE, GLOBAL WHEAT STOCKPILES KEEP GROWING AS CHINA CUTS BACK ITS WHEAT USAGE.   ANOTHER FACTOR WEIGHING ON PRICES--  THE  POSSIBIITY OF THE E-U HARVESTING AN EVEN BIGGER  CROP.  CHINA IS THE WORLD'S LARGEST WHEAT CONSUMER  AND USDA PROJECTING THIS WEEK USE WILL FALL 112 MILLION TONS. THAT'S LARGELY ON A REDUCTION IN FEED USEAGE.  GOOD PLANTING CONDITIONS ARE HELPING RICE STEAL SOME ACRES THIS YEAR.  U-S FARMERS ARE EXPECTED TO PLANT 17 PERCENT MORE RICE ACRES THIS YEAR. THAT WOULD PUT THE CROP AT JUST OVER 3 MILLION ACREST HIS YEAR. MUCH OF THAT BOOST COMING FROM TEXAS, MISSISSIPPI AND ARKANSAS.   CHANGE IN POLICY COULD HALT CORN STOCKS IN CHINA:
AS THE WORLD'S CORN STOCKS GROW, CHINA IS  ESTIMATED TO HOLD MORE THAN HALF OF THOSE   RESERVES.  BUT A CHANGE IN POLICY COULD CUT CORN STOCKS IN  THE COUNTRY FOR THE FIRST TIME IN 6 YEARS. THE USDA BEIJING BUREAU ESTIMATES CORN INVENTORIES WILL FALL BY 6 MILLION TONNES THIS YEAR. THAT'S AS THE GUARENTEED CORN PRICE, WHICH WAS OVER 7 DOLLARS LAST YEAR, NO LONGER EXISTS. THE COUNTRY IS ALSO LOOKING TO START EXPORTING  SOME OF THAT GRAIN. 
UNFAIR EXPORT SUBSIDIES TERMINATED:
CHINA IS TERMINATING PART OF ITS' EXPORT SUBSIDIES  THAT THE U-S AND WORLD TRADE ORGANIZATION  DEEMED UNFAIR. THAT'S THANKS TO AN AGREEMENT BETWEEN THE U-S  AND CHINA SIGNED THIS WEEK. U-S TRADE REPRESEANTIVE MICHAEL FROMAN SAYS  THE U-S ORIGINALLY FILED A DISPUTE WITH THE WORLD TRADE ORGANIZATION, AS CHINA'S COMPLEX  PRACTICES VIOLATED INTERNATIONAL TRADE RULES.   LA NINA WATCH THIS WEEK:
AS THE WEATHER TALKS SHIFT FROM EL NINO TO LA  NINA, BOTH THE CLIMATE PREDICTION CENTER AND THE AUSTRALIAN BUREAU OF METEOROLGY ISSUING A LA NINA WATCH THIS WEEK. CPC SAYS PUTS THE CHANCE OF LA NINA AT 60 PERCENT FROM JULY TO SEPTEMBER. AND ODDS INCREASE TO 70 PERCENT BY WINTER. C-P-C SAYS A LA NINA ISN'T GUARENTEED, BUT CHANGES IN THE PACIFIC OCEAN AND ATMOSPHERE ARE FUELING THE HIGHER ODDS. 

DRIER CONDITIONS EXPECTED WITH LA NINA:
LA NINA TYPICALLY BRINGS DRIER CONDITIONS  TONORTH AMERICA, BUT ALSO WIDESPREAD FLOODS   AND HURRICANES  TO OTHER PARTS OF THE GLOBE.  
NATIONAL WEATHER:
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH WEATHER.. MIKE, MORE TALKS OF LA NINA. IS THE SHIFT AWAY FROM EL NINO CHANGING OUR WEATHER PATTERNS YET?   THANKS, TYNE. WELL, IT'S BEGINNING TO, BUT REALLY IT IS STILL A DECENT EL NINO OUT THERE SO THAT'S STILL THE BIG FACTOR, BUT IT WILL LOSE ITS INFLUENCE OVER THE NEXT THREE OR FOUR MONTHS. AN IMMEDIATE CONCERN IS AN EXPANDING DRY AREA, DESPITE KIND OF A WET PATTERN IN THE EAST THESE AREAS: SOUTHERN KANSAS, ESPECIALLY   NORTHWESTERN OKLAHOMA, PANHANDLE OF TEXAS HAVE BEEN  MISSING ALL THE RAIN. NOW YOU ARE NOT GOING TO EARLY THIS WEEK, BUT IN THE MEANTIME YOU CAN SEE THAT THE DROUGHT MONITOR HAS EXPANDED WITH A COUPLE OF SPOTS OF SEVERE DROUGHT SHOWING UP.   TEASE:
THANKS, MIKE. WHEN WE COME BACK, NAOMI BLOHM  AND PETER MEYER DISCUSS STOCKS, DAIRY PRICES  AND MORE. 

ROUNDTABLE 1

ROUNDTABLE 2

MARKETS NOW

JOHN’S WORLD:
IN ADDITION TO BEING A FARMER, A COMMENTATOR, A  GRANDPA AND THE LIST GOES ON... JOHN IS ALSO A MASTERFUL WOODWORKER, A HOBBY THAT DOESN'T  GO UNNOTICED TO MANY OF YOU.   JUST FOR THE HECK OF IT, I THOUGHT I WOULD SHOW  YOU WHAT I'VE BEEN WORKING ON HERE IN MY   WOODSHOP. SINCE WE MOVED MY COMMENTARIES HERE, I HAVE DISCOVERED THAT WHILE I AM DRONING ON ABOUT SERIOUS AG MATTERS, MORE THAN A FEW OF YOU ARE CHECKING OUT MY TOOLS AND ESPECIALLY  PROJECTS I AM WORKING ON. 
TEASE:
THAT'S PRETTY IMPRESSIVE, JOHN. THANKS.  UP NEXT, IT'S BEEN A YEAR SINCE AVIAN FLU WIPED OUT   POULTRY BARNS ACROSS THE MIDWEST. WE'LL SHOW  YOU HOW RECOVERY IS GOING AND WHY THE INDUSTRY  SAYS IT'S BETTER PREPARED IF ANOTHER OUTBREAK  SHOULD HIT. 
SECOND HALF OPENING HEADLINES:
FROM THE STUDIOS OF FARM JOURNAL BROADCAST, THIS IS U.S. FARM REPORT.  WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD OVER THE NEXT 30 MINUTES.  AS THE THREAT OF AVIAN FLU LOOMS, WE SHOW YOU  WHY INDIANA PROVED THE INDUSTRY IS BETTER   PREPARED.  WE'RE ON THE ROAD WITH MACHINERY PETE TO SEE HOW LIVESTOCK IS DRIVING EQUIPMENT TRENDS IN MINNESOTA. AND IN CUSTOMER SUPPORT, A VIEWER WANTS TO KNOW WHERE'S THE CANADIAN LOVE.
FARM INCOME HURTS:
 NOW FOR THE HEADLINES, AS U.S. NET FARM INCOME IS ON TRACK TO POST IT'S LOWEST MARK IN MORE THAN A DECADE, USDA SHOWS SUBSIDY PAYMENTS COULD SUPPLY ABOUT A QUARTER OF A FARMER'S INCOME  THIS YEAR.  USDA RELEASING ITS 2016 ESTIMATES FOR SUPPORT  FROM FARM PROGRAMS. USDA PEGGING PAYOUTS AT 13 POINT 9 BILLION DOLLARS. IF IT HOLDS TRUE, THAT WOULD BE ABOUT 25 PERCENT  OF FARMER'S PROFITS. ITS THE BIGGEST PAYOUT AND HIGHEST RATIO IN A DECADE...AS FARMERS PACE TO EARN ABOUT HALF OF WHAT THEY MADE JUST THREE YEARS AGO.  THE FARM PROGRAMS NOW EXCEEDING ORIGINAL  PROJECTIONS WHEN APPROVED BY LAW MAKERS TWO  YEARS AGO.   HEARING OVER STATE OF THE FARM ECONOMY:
ECONOMISTS SAY THESE ECONOMIC HARDHIPS ARE  RIPPLING THROUGH THE FARM ECONOMY  IT'S THOSE PAYMENTS THAT COULD HELP FARMERS DURING THE CURRENT DOWNTURN IN COMMODITY PRICES. AT LEAST THAT'S WHAT AMERICAN FARM BUREAU PRESIDENT ZIPPY DUVALL TOLD A HOUSE SUBCOMMITTEE THIS WEEK DURING A HEARING OVER  THE STATE OF THE FARM ECONOMY.  DUVALL TOLD CONGRESS AS FARMERS FACE INCREASED FINANCIAL PRESSURE, TRADE AND SAFETY NET PROGRAMS WILL BECOME EVEN MORE CRUCIAL.  CROP INSURANCE NEEDS TO BE FIXED, ARGUES FARM UNION PRESIDENT:
NATIONAL FARMERS UNION PRESIDENT ROGER JOHNSON ALSO TESTIFYING, SAYING CROP INSURANCE   ISN'T WORKING FOR GROWERS RIGHT NOW.  
DAIRY SAFETY NET EXPANDS:
USDA SAYS ITS EXPANDING THE DAIRY SAFETY NET PROGRAM FOR OPERATIONS BRINGING ON THE NEXT GENERATION.  AG SECRETARY VISLACK SAYS FARMS IN THE MARGIN PROTECTION PROGRAM CAN NOW UPDATE THEIR PRODUCTION HISTORY WAS AN ELIGIBLE FAMILY MEMBER JOINS.  THE SECREATRY HOPES THE MOVE WILL HELP NEW DAIRY FARMERS GET STARTED.  
NATIONAL WEATHER:
   THAT'S IT FOR NEWS...METEOROLOGIST MIKE  HOFFMAN GIVES US A GLIMPSE OF THE LONG RANGE   FORECAST. MIKE, WE KEEP HEARING FROM VIEWERS IN  THE WEST WHO COULD REALLY USE SOME RAIN.  
THANKS, TYNE.
A LOOK AT HOW INDUSTRIES ARE PREPARING FOR FUTURE AVIAN FLU OUTBREAK:
IT'S BEEN ONE YEAR SINCE THE MASSIVE AVIAN FLU OUTBREAK SPREAD ACROSSED IOWA AND MINNESOTA.  IT HIT SO FAST WITH SOME CALLING IT THE WORST ANIMAL DISEASE OUTBREAK IN IOWA'S HISTORY. POULTRY PRODUCERS WERE CRITICAL OF THE AMOUNT OF TIME IT TOOK AGENCIES TO RESPOND.  IN THIS FARM JOURNAL REPORT, WE SHOW YOU WHILE THE THREAT STILL LOOMS, THE RECENT OUBREAK IN INDIANA PROVES FROM AGENCY OFFICIALS TO PRODUCERS, EVERYONE IS BETTER PREPARED.  
PREPARATION IN THE FACE OF AN OUTBREAK:
SHE SAYS IT WAS THAT QUICK ACTION THAT ALLOWED  THE BOARD OF ANIMAL HEALTH TO START EMERGENCY RESPONSE.   . <WE HAD A PRESUMPTIVE PSOITIVE THAT WENT THROUGH OUR STATE LAB.  AND BASED ON THAT , THE SAMPLE WAS ON TEH WAY TO USDA LAB THAT MAKES IT OFFICIAL, WE WERE ALREADY GETTING TESTING DONE IN ALL THE COMMERICAL SITES IN THAT AREA>  DERRER SAYS INDIANA PUT THE MOST RESOURCES TOWARDS CONTROLLING THE SPREAD TO OPERATIONS NOT YET INFECTED.  

NEW PROTOCOL WILL PART OF PLAN TO DECREASE CHANCE OF OUTBREAK:
KROUSE SAYS SINCE THE LARGE OUTBREAK A YEAR AGO, THEY RAMPED UP BIOSECRUITY EFFORTS ON   THEIR OWN FARM.   <AS A COMPANY, WE'VE SPENT WELL OVER 5 MILLION DOLLLARS IN THE LAST YEAR ON NEW EQUIPMENT, ON TRAINING, ON UNIFORMS, ON CHANGING ROOMS, .>  KROUSE SAYS THE NEW LEVEL OF BIOSECRUITY HAS  BECOME STANDARD PROTOCOL.   TEASE:
UP NEXT, JOHN PHIPPS.  
CUSTOMER SUPPORT:
JOHN PHIPPS ANSWERS A QUESTION FROM A VIEWER IN  CANADA WONDERING WHY OUR COVERAGE IS MAINLY FOCUSED ON THE U-S. JOHN.  WE HAVE A COMMENT FROM A NEIGHBOR TO THE   NORTH:  "GREETINGS FROM SOUTHERN ALBERTA!  TEMPERATURES ARE MUCH ABOVE NORMAL AND WE   ARE ANXIOUSLY AWAITING SOME SORT OF SIGNIFICANT  MOISTURE EVENT.  BEING A LONG TIME US FARM REPORT VIEWER, I HAVE A SIMPLE QUESTION FOR MIKE HOFFMAN; WHY DO YOUR WEATHER MAPS STOP AT THE CANADIAN BORDER?  IT  WOULD BE USEFUL TO YOUR CANADIAN VIEWERS IF YOU  EXTENDED THE MAPS TO AT LEAST THE SOUTHERN   HALF OF CANADA."  PAT PITTMAN  PAT, THANKS FOR WATCHING AND FOR YOUR QUESTION. SEND ME AN ADDRESS FOR YOUR   PRICELESS COLLECTOR EDITION MUG. THIS COMPLAINT ABOUT WEATHER MAPS HAS COME UP   BEFORE. AND LIKE MOST ISSUES IT'S MORE COMPLICATED THAN IT MIGHT SEEM.
MACHINERY PETE:
  THANKS, JOHN. DESPITE A DROP IN LIVESTOCK PRICES,  THAT INDUSTRY IS DRIVING SOLID BUYING INTEREST IN MINNESOTA. WE'RE ON THE ROAD WITH MACHINERY PETE NEXT.  

MACHINERY PETE:
WE'RE CONTINUING OUR SERIES CALLED ON THE ROAD  WITH MACHINERY PETE, GIVING YOU A GLIMPSE AT EQUIPMENT TRENDS NATIONWIDE. THIS WEEK, WE'RE HEADING BACK TO SAUK CENTRE,   MINNESOTA TO SHOW HOW AN AREA HEAVY IN LIVESTOCK IS DRIVING SOLID EQUIPMENT VALUES IN   2016.   <DID I DO SOMETHING WRONG? NO, NOT TODAY.... AT 81 YEARS YOUNG, BERNARD {BER-NERD} BUSSMANN  AND HIS WIFE TILLIE, HAVE SEEN IT ALL DURING THEIR  NERARLY 60 YEAR STINT CUSTOM CUTTING SILAGE.   
NEXT MONTH WE'LL TRAVEL WITH MACINERY PETE TO  NORTH DAKOTA TO TALK ABOUT USED EQUIPMENT  TRENDS THERE.  
TEASE:
WHEN WE COME BACK, TRACTOR TALES AND OUR  COUNTRY CHURCH SALUTE...PLEASE STAY WITH US. 
TRACTOR TALES:
WELCOME BACK TO TRACTOR TALES.  WE RECEIVED SOME PHOTOS FROM TYLER WALTON IN LIBERTY   ILLINOIS.  THIS 1968 JOHN DEERE 2020 WAS QUITE THE FIND FOR TYLER.  HE BOUGHT IT WHEN HE WAS 17 FROM A FARMER WHO HAD BOUGHT IT BRAND NEW.  TYLER TOLD US HE LIKED THIS PARTICULAR TRACTOR BECAUSE IT WAS THE LAST YEAR OF THE 4-LEGGED JOHN DEERES. 
COUNTRY CHURCH SALUTE:
THIS WEEKEND, WE'RE PAYING TRIBUTE TO THE  COUNTRY CHURCH SALUTE GOES TO ST ANN'S   CATHOLIC CHURCH IN FREMONT, OHIO, CELEBRATING ITS 175TH ANNIVERSARY THIS YEAR. WHILE THE   CHURCH STARTED IN A PRIVATE HOME ON THE BANK OF HTE SANDUSKY RIVER, THE ACUTAL PARISH WAS ORGANIZED IN 1841. WITH THE CURRENT CHURCH DEDICATED IN JULY OF 1891.OUR THANKS TO CHIP AND CATHY OVERMYER FOR SHARING THEIR STORY.  
TEASE:
 STAY  WITH US, CROPWATCH IS NEXT. 
CROP WATCH:
JEFF FRANK TELLS US IT'S PERFECT PLANTING CONDITIONS IN WEST CENTRAL IOWA. HE'S BEEN  
PLANTING A FEW DAYS AND SAYS HE'S LOVING EVERY MINUTE OF IT.   ZACH LYNCH SAYS THEY'VE ALSO STARTED PLANTING IN FEW DAYS THAT A LOT OF FARMERS REALLY GOT IN THE FIELD... BUT NOW, THEY ARE RUNNING FULL STEAM AHEAD AND AHEAD OF LAST YEAR'S PACE.  
CLOSING:
  FOR JOHN, AL AND MIKE, I'M TYNE MORGAN. THANK YOU FOR WATCHING U-S FARM REPORT.  BE SURE TO JOIN US RIGHT HERE AGAIN NEXT WEEK, AS WE WORK TO BUILD ON OUR TRADITION. HAVE A GREAT WEEKEND, EVERYONE.  

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