USFR Weekly Recap - June 20, 2015, 2014, 2015, 2015

June 20, 2015 03:30 AM
 

TODAY ON USFR
JUNE 20-21, 2015

HEADELINES:
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU THIS WEEKEND. MILO... SORGHUM.. WHATEVER YOU CALL IT, THE CROP IS EXPERIENCING THE RIDE OF ITS LIFE, BUT WILL IT LAST? OUR FARM JOURNAL REPORT LOOKS AT THE FUTURE OF GRAIN SORGHUM. IN LEAVE A LEGACY LOOKING BACK AT THE LAST 50 WE'LL TELL YOU HOW THIS NORTH CAROLINA'S OPERATION HAS CHANGED, GROWING INTO A DIVERSIFIED SUCCESS STORY…
WET WEATHER:
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS WEEK, TROPICAL STORM BILL SHOWED NO MERCY, AS IT BROUGHT EVEN WETTER CONDITIONS ACROSS AREAS OF THE U-S.
SOYBEANS:
THE UNCERTAINTY WITH THE WEATHER HELPED SOYBEANS RALLY 30 CENTS IN ONLY A COUPLE DAYS THIS WEEK.  OUR ANALYSTS WILL JOIN US IN A BIT TO TALK MORE WHAT'S CAUSED THE BULLS TO TAKE THE LEAD.
RIVER:
THE CHICAGO MERCANTILE EXCHANGE SAYS HIGH LEVELS ON THE ILLINOIS RIVER IS MAKING IT DIFFICULT FOR FACILITIES TO LOAD CROPS. AND SO CME'S TYPICAL DELIVERY REQUIREMENTS ARE SUSPENDED. BUT THE HIGH RIVER LEVELS COULD ALSO STOP BARGE TRAFFIC FROM GETTING THROUGH NORTH OF ST. LOUIS. THE ISSUE IS WITH THE RAILFROAD BRIDGE IN LOUISIANA, MISSOURI. THE U-S ARMY CORPS OF ENGINEERS TELLS ME IF LEVELS GET ABOVE 20 FEET, BARGES WON'T BE ABLE TO GET THROUGH.
DAIRY OUTLOOK:
MARGINS COULD BE MUCH TIGHTER FOR DAIRY PRODUCERS THE REMAINDER OF THE YEAR. IN RABOBANK'S DAIRY QUARTERLY REPORT, A SURPLUS OF MILK ACROSS THE GLOBE WILL FORCE MILK PRICES EVEN LOWER. RABOBANK SAYS MILK PRICES IN TEH U-S ARE ALREADY 15 TO 57 PERCENT HIGHER THAN PRICES BEING PAID IN TEH NETHERLANDS AND NEW ZEALAND. RABOBANK SAYS KEY DAIRY COMMODITIES ARE NOW AT THEIR LOWEST POINT IN 6 YEARS.
GREECE DEFAULT:
THE GREEK GOVERNMENT HAS ADMITTED THEY WILL DEFAULT AT THE END OF THE MONTH. THAT DREW PROTESTORS FROM ACROSS THE COUNTRY THIS WEEK, SOME SUPPORTING THE GOVERNMENT, OTHERS CONDEMNING.  IF THIS HAPPENS, GREECE WILL BECOME THE FIRST DEVELOPED COUNTRY TO DEFAULT ON THE INTERNATIONAL MONETARY FUND.  THE ONLY ACTION THAT COULD SAVE THE COUNTRY IS FINANCE MINISTERS AGREEING TO    RELEASE BAIL-OUT CASH. BUT SOME ANALYSTS SAY THERE'S CURRENTLY NOT ENOUGH MONEY FOR THAT.
FIRST WEATHER LOOK:
YEAH, WE'RE DEFINITELY GOING TO BE SEEING MORE RAIN IN SOME AREAS. THE ONLY POSITIVE ABOUT THIS ABOUT THE RAIN IS WE'VE REALLY KNOCKED OUT DROUGHT IN TEXAS. BUT AT THE EXPENSE OF A LOT OF THE CROPS. WE'RE OBVIOUSLY WAY BEHIND ON WHEAT HARVEST AND THE SUMMER CROPS, WELL THOSE ARE GOING TO BE SUFFERING IF YOU HAVE THEM IN HE GROUND, THEY'RE OBVIOUSLY SUFFERING FROM TOO MUCH WEATHER SO YOU KIND OF GIVE AND TAKE. STILL VERY DRY OUT IN THE WEST BUT WE'RE CONTINUING TO SLOWLY KNOCK THAT AWAY AS WE,LL. AND SOME OF THE AREAS THAT AT LEAST THE LAST TIME WE ARE DOING THIS, WE ARE SHOWING MORE DEVELOPMENT IN SOME OF THE NORTHERN AREAS AND EASTERN AREAS AND WE KIND OF HAVE BACKED OFF ON THAT A LITTLE BIT WITH SOME OF THESE RECENT RAINS. ALRIGHT TO THE MAPS WE GO, HERE IS A LOOK AT WHAT WE EXPECT TO HAPPEN ON MONDAY WE'LL HAVE A FRONTAL SYSTEM THAT'S OVER THE NORTHERN PLAINS. WE HAVE A FRONT DRAPED ALL THE WAY THROUGH INTO THE MID ATLANTIC SO WE'LL BE WATCHING FOR SHOWERS AND STORMS ALONG THERE. SOME MORE RAIN POSSIBLE IN PARTS OF TEXAS LOUISIANA DOWN INTO FLORIDA AS WELL. NOW AS WE GET INTO WEDNESDAY THAT SYSTEM IS CONTINUING TO PUSH EVEN FURTHER LOOK FOR WET WEATHER FROM BASICALLY THE NORTH CENTRAL DOWN TO THE SOUTH CENTRAL UNITED STATES COULD BE ON THE HEAVIER SIDE UP IN PARTS OF THE UPPER MIDWEST AND WESTERN GREAT LAKES. IT'S GOING TO BE HOT THOUGH FOR A LOT OF AREAS NOT SEEING THAT RAIN. AND AS WE GET INTO FRIDAY, MORE WET WEATHER FOR MUCH OF NORTHEAST AND MUCH OF NATION'S MIDSECTION, BUT OVERALL THE WEEK, FOR THE WESTERN UNITED STATES IS REALLY LOOKING FOR THE MOST PART ON THE DRY SIDE. WE'RE GOING TO TAKE ANOTHER LOOK AT LONG TERM FORECAST COMING UP IN NEXT HALF HOUR. TYNE.
TEASE ONE:
THANKS, CINDI. WITH ALL OF THIS RAIN AND UNCERTAINTY SURROUNDING THE MARKET, WE'LL FIND OUT FROM OUR ANALYSTS ON HOW THEY THINK IT WILL ALL PLAY OUT.
 BOB UTTERBACK AND JOE VACLAVIK JOIN ME NEXT.
JOHN’S WORLD PITCH:
THANKS, CINDI. WITH ALL OF THIS RAIN AND UNCERTAINTY SURROUNDING THE MARKET, WE'LL FIND OUT FROM OUR ANALYSTS ON HOW THEY THINK IT WILL ALL PLAY OUT.  BOB UTTERBACK AND JOE VACLAVIK JOIN ME NEXT.
JOHN’S WORLD:
WELL, WE'VE ARRIVED AT THE PEAK OF THE NEW SEASON THAT WAS DISCOVERED BY CLIMATOLOGISTS ONLY A FEW DECADES AGO: RADAR SEASON. ON OUR PHONES AND TABLETS, IN AN ALWAYS OPEN-WINDOW ON OUR DESKTOP, AND TUCKED INTO THE CORNER OF OUR TV SCREENS ARE UPDATING IMAGES SHOWING APPROACHING STORMS. I'M GUESSING ABOUT 25% OF MY "ELECTRONIC TIME" - AS MY GRANDCHILDREN CALL THIS RATIONED ACTIVITY - IS SPENT CROSS-CHECKING DIFFERENT SERVICES AND LOCATIONS, AND LOOPING WEATHER RADAR ANIMATIONS. MANY OF US WRITHE ON THE COUCH LIKE SPECTATORS AT A WRESTLING MATCH AS WE TRY TO PUT BODY ENGLISH ON A STORM TO HIT OR MISS. THIS WEEK THE UNUSUAL ADDITION OF A MASS OF TROPICAL MOISTURE HAS RAISED THE STAKES OF THIS PASTIME. MANY ARE ALREADY TOO SOGGY TO ENJOY ANOTHER DELUGE, WHILE THERE ARE A FEW AREAS THAT CAN'T BUY A SHOWER. BY NOW MOST OF US HAVE LEARNED THE FUNDAMENTALS… HOW TO ZOOM IN AND FIND OUR EXACT LOCATION, THE QUICKEST WAY TO CHECK ON WHICH FRIENDS WERE LUCKIER THAN WE WERE - WHICH IS USUALLY ALL OF THEM - AND WHICH WEATHER SERVICES OFFERS THE MOST CALMING OR ALARMING READOUTS. FOR EXAMPLE: THE NATIONAL WEATHER SERVICE CAN GET YOUR PULSE POUNDING WITH ITS LIBERAL USE OF PURPLES, REDS AND ORANGES. INTELLICAST IS FAR MORE LAID BACK WITH SOOTHING GREENS AND FEWER FLECKS OF BAD NEWS. DEPENDING ON WHETHER THE STORM TRACK IS GOING IN YOUR FAVOR OR NOT, YOU CAN FIND A VISUALIZATION TO HELP YOU WEATHER THE STORM.  JUST A LITTLE JOKE THERE BUT IT IS ODD HOW WE OFTEN GRAVITATE TO A DISPLAY THAT FITS OUR MOOD AT THE TIME. AND AS HELPFUL AS IT ALL IS I'VE BEEN EXPERIMENTING WITH A NEW DATA-GATHERING TOOL: I GO OUTSIDE AND LOOK AROUND.
TAG & CLOSE:
THANKS, JOHN. STILL TO COME, A CROP THAT IS OFTEN OVERLOOKED BY SOME, HAS BECOME A CASH CROP FOR OTHERS. AND IT'S ALL BECAUSE OF ONE COUNTRY. WE'LL LOOK AT THE FUTURE OF SORGHUM WHEN COME BACK.
HEADLINES:
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD THIS WEEKEND. SORGHUM'S TRACK RECORD THE PAST TWO YEARS HAS BEEN IMPRESSIVE, BUT WHAT DOES THE FUTURE HOLD? THAT'S OUR FARM JOURNAL REPORT. IN LEAVE A LEGACY, ONE FAMILY HAS TURNED TO DIVERSIFICATION TO STRENTHEN THEIR FAMILY FARM. WE HAVE THEIR STORY, AND IN CUSTOMER SUPPORT, SOME THINK JOHN'S VIEW OF THE FARMERS' SHARE OF THE FOOD DOLLAR IS TOO LOW.
WORKERS VISAS:
NOW FOR THE HEADLINES, THE IMMIGRATION BATTLE IS HEATING UP, BUT THIS TIME, IT'S AGAINST TECHNOGLOY. A GLITCH IN THE H-2-A VISA PROCESS IS LEAVING MORE THAN ONE THOUSAND FARM WORKERS STRANDED AT THE BORDER.
AVIAN FLU SPREAD:
A NEW REPORT OUT OF USDA SHOWS HOW AVIAN FLU IS SPREAD. BUT THERE'S NOT JUST ONE ANSWER. APHIS SAYS EVEN THOUGH WILD BIRDS ARE TO BLAME FOR INTRODUCING THE VIRUS, THAT ISN'T NECESSARILY WHAT'S SPREADING THE DISEASE FROM FARM TO FARM.  INITIAL FINDINGS SHOW THE  HIGHLY PATHOGENIC STRAIN IS BEING TRANSMITTED THROUGH ENVIRONMENTAL FACTORS LIKE WIND AND RODENTS ENTERING POULTRY HOUSES, BUT THERE ARE ALSO ISSUES WITH BIOSECRUITY. APHIS SAYS FACTORS LIKE EMPLOYEES AND VEHICLIES MOVING BETWEEN FARMS,AS WELL AS SHARING THE SAME EQUIPMENT BETWEEN INFECTED AND UNINFECTED FARMS COULD ALSO BE TO BLAME.
TPA:
THE FAST TRACK TRADE BILL IS HEADING BACK TO THE SENATE FOR APPROVAL. THE HOUSED FAILED TO PASS T-P-A LAST WEEK BECAUSE IS WAS TIED TO A LARGER TRADE BILL. SO THE HOUSE STRIPPED THE MEASURE OUT, PASSING IT SEPERATELY. NOW THE SENATE MUST PASS THAT MEASURE BEFORE IT CAN BE SENE TO THE PRESIDENT FOR APPROVAL.
COOL:
CANADA THINKS THE U-S IS TRYING TO PROLONG THE WORLD TRADE ORGANIZATION FROM DEALING WITH COUNTRY OF ORIGIN LABELING. MOST RECENTLY, THE U-S DECIDED TO SEEK ARBITRATION AT THE WORLD TRADE ORGNAIZATION FOR THE AMOUNT OF DAMAGES CAUSED BY COOL. BUT CANADA'S AGRICULTURE MINISTER GERRY RITZE SAYS THE U-S IS OT OF OPTIONS, AND DRAWING OUT THE PROCESS WON'T PREVENT RETALIATORY TARIFFS.  CANADA IS ASKING WTO'S PERMISSION TO IMPOSE 3 BILLION DOLLARS IN RETALIATORY TARIFFS. RITZ SAYS THE ONLY WAY TO PREVENT THE TARIFFS WOULD BE FOR THE SENATE TO GO AHEAD AND REPEAL COOL, WITH THE PRESIDENT SIGNING IT.
TRANS FAT:
THE FOOD AND DRUG ADMINISTRATION IS ORDERING THE FOOD INDUSTRY TO REMOVE ARTIFICIAL TRANS FATS FROM THE FOOD SUPPLY OVER THE NEXT THREE YEARS. SUPPORTERS OF THE MOVE SAY IT WILL SAVE THOUSANDS OF LIVES A YEAR, AS STUDIES SHOW IT'S A MAJOR CONTRIBUTOR TO HEART DISEASE. ARTIFICIAL TRANS FATS HAVE ALREADY BEEN CUT WAY BACK IN FOODS, BUT ARE STILL PRSENT IN PRODUCTS LIKE FROSTINGS, MICROWAVE POPCORN, FORZEN PIZZAS AND COFFEE CREAMERS.
TRANS FAT REACTION:
ONE OF THE MAJOR CONTRIBUTORS TO THE TRANS FATS ARE PARTIALLY HYDROGENTATED OILS. UNITED SOYBEAN BOARD SAYS THERE ARE ALREADY TWO REPLACEMENT OPTIONS. ONE OF THOSE IS HIGH OLEIC SOYEBANS, WHICH FARMERS CURRENTLY GROW IN NINE STATES.  MEANWHILE, THE AMERICAN FEED INSUTRY ASSOCIAITON IS HAPPY FDA'S MOVE DOESN'T APPLY TO ANIMAL FEED, JUST ANIMAL FEED. IN FDA'S PROPOSED RULE, WHICH WAS RELEASED IN 2013, IT JUST SAID THE MOVE WOULD APPLY TO FOOD IN GENERAL.
DEAN FB:
 AND TO END OUR NEWS ON A SAD NOTE. AGRICULTURE LOST A DEDICATED AND PASSIONATE LEADER THIS WEEK. FORMER AMERICAN FARM BUREAU PRESIDENT DEAN KLECKNER DIED AT THE AGE OF 82. KLECKNER SERVED AS AFBF PRESIDENT FOR 14 YEARS. MOST RECENTLY, HE WAS CHARMAN OF TRUTH ABOUT TRADE AND TECHNOLOGY, A NON-PROFIT ADVOCACY GROUP FOR FARMERS. A PUBLIC MEMORIAL SERVICE WILL BE HELD FOR KLECKNER AUGUST 18 IN URBANDALE, IOWA.
 WEATHER:
THAT'S IT FOR NEWS...METEOROLOGIST CINDI CLAWSON JOINS US IN THE WEATHER LAB. CINDI, MIKE SAYS MOST OF THE COUNTRY IS IN FOR A PRETTY WET MONTH. DO YOU AGREE?
WEATHER:
YEAH, IT'S REALLY LOOKING THAT WAY, CONTINUATION THIS SORT OF WET PATTERN THAT WE HAVE. LET'S START OFF WITH THE JET STREAM THOUGH. BECAUSE A LOT OF FOLKS HAVE BEEN SEEING SOME PRETTY WARM TEMPERATURES AND IT LOOK LIKE THAT'S GOING TO BE CONTINUING AS WELL AS WE PUT THIS INTO MOTION NOTICE THAT COLD AIR IS TRAPPED UP IN CANADA. YOU MIGHT SEE A LITTLE RELIEF IF YOU'RE RIGHT ALONG THAT NORTHERN TIER OF STATES. BUT OTHERWISE WE'RE LOOKING AT SOME PRETTY WARM CONDITIONS ESPECIALLY AS WE GET INTO NEXT WEEKEND OUT INTO THE WEST. ALRIGHT LET'S TALK ABOUT THOSE TEMPERATURES OVER THE NET 30 DAYS, WE'RE LOOKING TO SEE ABOVE NORMAL TEMPERATURES INTO THE SOUTHEAST AND INTO THE WEST. BUT BECAUSE OF THE RAIN DESPITE THE JET STREAM I THINK OVERALL WE'RE GOING TO SEE A PATTERN CHANGE TO SOME SLIGHTLY COOLER TEMPS AND YOU'LL ADD THAT RAIN TO HELP KEEP THINGS A LITTLE COOLER OVERALL FOR THE NEXT 30 DAYS. I THINK IT STARTS OFF WARMER THOUGH. AS WE LOOK AT PRECIP OVER THE NEXT 30 DAYS IT LOOKS LIKE IT'S GOING TO BE PRETTY WET ALL THE WAY TO PARTS OF THE EAST COAST, BUT ESPECIALLY HERE IN THE NATION'S MIDSECTION. SO IT COULD BE, DEPENDING ON IF YOU'VE PLANTED OR NOT, IT COULD BE GOOD NEWS OR BAD NEWS IN PARTS OF THE CORNBELT. TYNE.
CUSTOMER SUPPORT:
JUST LAST WEEK JOHN SHARED HIS THOUGHTS ON THE FARMERS' SHARE OF TEH FOOD DOLLAR AND HOW AGRICULTURE MAY NOT BE THE VICITM. HE ALREADY HAD VIEWERS WRITING IN ABOUT IT. SO JOHN'S HERE WITH MORE THIS WEEK JOHN.
 TEASE:
UP NEXT, IT'S A LEGACY STORY THAT SHOWS US DIVERSIFICATION CAN STILL HELP FAMILIES THRIVE, ESPEICALLY IN NORTH CAROLINA. CLINTON GRIFFITHS HAS THAT NEXT.
NC LEGACY:
NORTH CAROLINA IS A DIVERSIFIED FARM STATE. IT'S DEEP ROOTS AND TRADITIONS KEEP IT A STRONG CONTRIBUTOR TO THE NATION'S AG INDUSTRY. IN THIS MORNING'S LEAVE A LEGACY REPORT, CLINTON GRIFFITHS MET A FAMILY PULLING TOGETHER BUILD AN OPERATION THAT LASTS.
LEGACY WORKSHOP:
THANKS, CLINTON--YOU'RE THE BEST. IF YOU'RE INTERESTED IN TAKING A MORE AGGRESSIVE APPROACH IN YOUR LEGACY PLANNING, FARM JOURNAL LEGACY PROJECT IS HOSTING 5 HANDS-ON TRAINING SESSIONS ACROSS THE COUNTRY. THE DATES AND LOCATIONS ARE LISTED HERE. AS YOU CAN SEE, THEY WILL BE COVERING A WIDE AREA, FROM COLORADO NEBRASKA AND SOUTH DAKOTA, TO HIOWA AND THEN ON TO KENTUCKY. YOU LEARN MORE ABOUT THE WORKSHOPS BY VISITNG FARM JOURNAL LEGACY PROJECT DOT COM.
TRACTOR TALES:
LLOYD IS A MEMBER OF THE POWER OF THE PAST TRACTOR CLUB. YOU CAN SEE MORE TRACTORS AT THEIR 21ST ANNUAL SHOW SEPTEMBER 11TH THOUGH THE 13TH IN OTTAWA, KANSAS.
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE WEST POINT TRINITY UNTED METHODIST CHURCH IN COLUMBIA CITY, INDIANA , WHICH HAS BEEN AROUND FOR NEARLY 145 YEARS. IN 1968, WEST POINT TRANSITIONED FROM AN EVANGELICAL CHURCH, TO A UNITED MEOTHDIST CHURCH. UNFORTUNTELY, IN 1994, THE CONGREGATION LOST THEIR CHURCH DUE TO ARSON. BUT A YEAR LATER, A NEW CHURCH WAS CONSTRUCTED JUST ACROSS THE ROAD, AND THAT'S WHERE SERVIES ARE HELD TODAY. OUR THANKS TO MARGARET WISE FOR SHARING THEIR STORY…
GOODBYE:
  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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