USFR Weekly Recap - June18-19, 2016

June 18, 2016 03:30 AM
 

TODAY ON U.S. FARM REPORT
JUNE 18-19, 2016


OPENING HEADLINES:
FROM THE STUDIOS OF FARM JOURNAL BROADCAST, THIS IS U.S. FARM REPORT.  WELCOME TO THIS SPECIAL EDITION  U.S. FARM REPORT  FROM TOMORROW'S TOP PRODUCER CONFERENCE IN NASHVILLE, TENNESSEE.  I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU OVER THE NEXT HOUR. THE LONGEST BULL RUN IN SOYBEANS IN 43 YEARS, BUT CAN IS IT OVER?   THE SURGE IN CROP PRICES IS LIFTING MOODS...  I'M EXCITED ABOUT 2016. > WE'RE ON THE ROAD WITH MACHINERY PETE TO INDIANA TO SEE HOW IT'S IMPACTNG EQUIPMENT BUYS.   IN TRACTOR TALES...  LATER ON U-S FARM REPORT, SEE WHAT THIS GARDEN  TRACTOR HAS BEEN DOING FOR ONE NORTHERN INDIANA FARM FAMILY>  AND IN JOHN'S WORLD...  WHY DIDN'T ANYONE SEE THE SURPRISE RALLY? 
BAYER HOPES TO STRIKE DEAL WITH MONSANTO,STILL:

NOW FOR THE HEADLINES, THE CAT AND MOUSE GAME  BETWEEN BAYER AND MONSANTO CONTINUES, AS A  TAKEOVER IS FAR FROM A DONE DEAL.  DESPITE RUMORS, THE WALL STREET JOURNAL  REPORTS BAYER HAS NOT "UPPED" THE ANTE ON ITS 122-DOLLAR PER SHARE CASH OFFER.  AND THE LATEST TWIST IS MONSANTO NOW SAYS IT'S UN-WILLING TO OPEN ITS FINANCIAL BOOKS TO BAYER UNLESS THE COMPANY COMES BACK WITH A MORE LUCRATIVE DEAL AND BAYER SAYS IT WON'T INCREASE ITS OFFER WITHOUT FIRST LOOKING AT THE FINANCES OF MONSANTO.  IT WAS MAY 24TH WHEN BAYER A-G OFFERED 62-BILLION  DOLLARS TO BUY MONSANTO.  AT THAT TIME, MONSANTO'S BOARD OF DIRECTORS REJECTED THE OFFER SAYING IT "UNDERVALUED" THE  ST. LOUIS-BASED COMPANY. BUT IT ALSO KEPT THE DOOR OPEN FOR FURTHER DISCUSSIONS. 
CROP PROGRESS:
THE LATEST CROP PROGRESS REPORT SHOWS 65 PERCENT OF THE CORN CROP IS IN GOOD TO   EXCELLENT CONDITION. THAT'S COMPARED TO 73 PERCENT THIS TIME LAST YEAR.  THE AGENCY CALLING 74 PERCENT OF THE SOYBEAN CROP GOOD TO EXCELLENT, THAT BEAT'S LAST YEAR BY 7 POINTS. AND ABOUT A THIRD OF TEXAS AND OKLAHOMA'S  WHEAT CROP IS COMPLETE.  USDA SAYS OVERALL, WINTER WHEAT HARVEST IS AT 11 PERCENT, 7 POINTS BEHIND AVERAGE.  

AG ADVOCATES PUSH FOR TRADE DEALS:
THE FACT IT'S A PRESIDENTIAL ELECTION YEAR ISN'T STOPPING MAJOR AG GROUPS FROM PUSHING FOR  TRADE DEALS LIKE THE TRANS PACIFIC PARTNERSHIP. GROUPS SUCH AS THE NATIONAL PORK PRODUCERS COUNCIL TESITIFIED IN FRONT OF THE HOUSE WAYS AND MEANS COMMITTEE THIS WEEK. 
PRESIDENT JOHN WEBER TOLD LAWMAKERS NOT ONLY DO THEY NEED TO GET T-P-P PASSED, BUT IT NEEDS TO ELIMINATE TARIFFS ON U-S AGRICULTURAL PRODUCTS.   NATIONAL WEATHER:
 THOSE ARE THE HEADLINES..NOW LET'S CHECK IN WITH MIKE HOFFMAN BACK AT THE STUDIO FOR   WEATHER. MIKE, THINGS HEATED UP QUICKLY AND SUMMER ISN'T EVEN OFFICIALLY HERE.   THAT'S RIGHT TYNE AND OF COURSE WHEN IT HEATS UP CAN ALSO START TO DRY UP IN PARTS OF THE AREA AND WE'VE SEEN A BRAND NEW AREA OF DRIER CONDITIONS ON THE DROUGHT MONITOR SHOW UP ACROSS MUCH OF THE CENTRAL AND EASTERN CORN BELT. NOW SOME OF THAT AREA DID GET RAIN DURING A DAY OR TWO WHERE THIS WASN'T COUNTED TODAY SO HOPEFULLY THAT WILL IMPROVE THINGS BUT IT CONTINUES TO GET WORSE IN THE SOUTHEAST LET'S GO BACK FOUR WEEKS IS ALREADY STARTING TO GET DRY ATLANTA AND AREAS NORTHWARD IT OBVIOUSLY REMAINS EXTREMELY DRY EXTREME AND EXCEPTIONAL DROUGHT IN CENTRAL AND SOUTHERN CALIFORNIA AND ALL THAT HAS IMPROVED SLIGHTLY OVER THE PAST COUPLE OF MONTHS IT HASN'T REALLY IMPROVED MUCH OVER THE PAST MONTH BUT YOU CAN SEE THE DRY AREAS STARTING TO SHOW UP PARTS OF THE CORN BELT THAT'S ALWAYS A CONCERN AS WE'RE HEADING TOWARD LA NINA I MEAN WE'RE NOT IN YET ALSO HOPEFULLY  THAT WILL KEEP THINGS FROM GETTING TOO DRY
TEASE:
THANKS, MIKE. SINCE WE'RE AT TOMORROW'S TOP PRODUCER, I HAVE A YOUNG MARKETING PANEL JOINING ME THIS WEEK, BUT IT'S A POWERFUL CONVERSATION YOU WON'T WANT TO MISS.  MATT BENNETT, TED SEIFRIED AND BRIAN SPLITT JOIN ME NEXT.  
ROUNDTABLE 1:
WELCOME BACK TO U S FARM REPORT HERE FROM THE TOP TOMORROW  PRODUCER SEMINAR IN NASHVILLE TENNESSEE A GREAT PANEL LINED UP AND A LOT TO TALK ABOUT INCLUDING THE SOYBEAN MARKET TED I WANT TO START WITH YOU A LONGEST BULL RUN AND SOYBEANS IN FORTY THREE YEARS THIS WEEK WASN'T TOO PRETTY SO NO IT ISN'T OVER "  FOR QUITE OVER YET BUT WE'RE CERTAINLY RUNNING A BIT OF VOLATILITY AND YOU SAW A BIG SHIFT IN WEATHER AS OF TUESDAY AFTERNOON'S NOAA EXTENDED FORECAST THE SIX TO TEN AND EIGHT TO FOURTEEN DAYS THEY WERE DIFFERENT THEN WHAT WE'RE LOOKING AT ON MONDAY THERE WERE STILL SOME HOT TEMPERATURES IN THERE BUT WE WERE BACK TO NORMAL MAYBE SLIGHTLY ABOVE NORMAL PRECEP THAT HIS WEIGHT ON THE MARKET HEAVILY IN THIS MORNING OR THURSDAY MORNING WE SAW NOAA ONE IN THREE MONTH OUTLOOKS THAT HAVE NORMAL PRECEP AND HOT TEMPERATURES THERE AS WELL ALSO TAKING A LITTLE OF THAT WEATHER BACK FOR NOW LOOKING AT THOSE FORECASTS  

ROUNDTABLE 2:
WELCOME BACK AGAIN HERE FROM TOMORROW'S TOP PRODUCER SEMINAR TED WE JUST TALKED ABOUT THE ACRES REPORT AND WHAT IT MEANS FOR SOYBEANS LET'S SEE WE DO THAT WE DO SEE A MASSIVE REDUCTION IN CORN ACRES WHATS THAT GOING TO DO TO PRICES.  WELL IF YOU  TAKE CORN ACRES AWAY THAT IT CERTAINLY PUTS MORE EMPHASIS ON THE YIELD BECAUSE USDAS BEEN VERY AGGRESSIVE ON DEMAND SO IF YOU START PULLING THAT THAT CORN ACREAGE NUMBER DOWN IF YOU TAKE AWAY THAT YIELD FOR THAT BUFFER WE'VE  HAD ON WEATHER AND WITH WEATHER THAT WE'VE HAD THAT CAN TURN THAT THAT THAT CORN MARKET A LITTLE MORE POSITIVE GOING FORWARD.

MARKETS NOW:
WELCOME BACK TIME NOW FOR CLOSING THOUGHTS TED SEIFRED LETS START WITH YOU HAVE TO SO WE HAVE A VERY NICE RALLY OFF OF LOWS YOU KNOW WE'RE HAVING THIS CONVERSATION BACK IN MARCH TALK ABOUT OWNING CALLS AND REALLY HOPING FOR A RALLY WE GOT IN THAT RALLY NOW IS TIME TO BE LOOKING MAKING THE CASH SALES ESPECIALLY IF YOU HAVE SOME UPSIDE POTENTIAL LEFT ON BOARD WITH THOSE CALLS IF NOT I THINK YOU MAKE THE CASH SALES YOU STILL LOOK TO HAVE SOME UPSIDE POTENTIAL WE COULD HAVE SOME WEATHER THIS YEAR NOW FRANKS  

TEASE:
THANK YOU FOR JOINING US THIS WEEK STAY WITH US JOHN PHIPPS JOINS US TALKS ABOUT THE SURPRISE RALLY AND WHY NO ONE'S COMING THAT'S NEXT DURING THE ROUNDTABLES FROM TOMORROW'S TOP PRODUCER, YOU HEARD ME TALK TO THE ANALYSTS ABOUT THIS SUPRISE RALLY THAT CAUGHT NEARLY EVERYONE OFF GUARD. BUT WHY DIDN'T WE SEE THIS COMING? HERE'S JOHN PHIPPS.  
JOHN’S WORLD:
EVENTS OF 2016 HAVE LEFT MORE THAN A FEW OBSERVERS PUZZLED OVER WHY WE DIDN'T SEE   SURPRISING EVENTS LIKE THE TRUMP NOMINATION OR BREXIT COMING. WHILE WE CAN POINT AFTER THE FACT TO INFORMATION THAT MIGHT HAVE FORESHADOWED DEVELOPMENTS LIKE RECORD LOW BOND YIELDS, FOR THE MOST PART THIS YEAR HAS BEEN ONE SURPRISE AFTER ANOTHER. RESEARCHER PHILIP TETLOCK, WHOSE BOOK ON SUPERFORECASTING I HIGHLY RECOMMEND HAS BEEN WORKING ON THIS PREDICTION PROBLEM FOR DECADES WITH METICULOUS STATISTICAL ANALYSIS. HIS EARLY RESULTS WERE DEPRESSING. ESSENTIALLY IT CAME DOWN TO THE FACT THAT THE MORE WIDELY KNOWN A FORECASTER WAS, THE LESS ACCURATE HIS OR HER PREDICTIONS WERE. IN SHORT, EXPERT POLITICAL FORESIGHT WAS A MYTH. SINCE THESE EARLY FINDINGS, HE HAS BEGUN THE GOOD JUDGMENT PROJECT TO SEE IF FORECASTING ECONOMIC AND GEOPOLITICAL EVENTS IS EVEN   POSSIBLE AND HOW IT COULD BE IMPROVED. USING  HUNDREDS OF VOLUNTEERS AND THOUSANDS OF   QUESTIONS, HE HAS DISCOVERED THAT COME INDIVIDUALS ARE SUPERFORECASTERS WITH  REMARKABLE RECORDS OF CORRECT PREDICTIONS.  
TEASE:
THANKS, JOHN.   AFTER THE BREAK, WE'LL INTRODUCE YOU TO A YOUNG DAIRYMAN USING   INNOVATION, WHILE BEING MINDFUL OF THE ENVIRONMENT, TO COME OUT ON TOP. 

SECOND HALF OPENING HEADLINES:
FROM THE STUDIOS OF FARM JOURNAL BROADCAST,  THIS IS U.S. FARM REPORT.  WELCOME BACK TO THIS SPECIAL EDITION OF U-S FARM REPORT. WE HAVE MUCH MORE AHEAD. OUR FARM JOURNAL REPORT TAKES US TO NEW YORK, INTRODUCING US TO A DAIRYMAN WHO'S BREAKING THE MOLD SO MUCH, HE'S WORTH OF A TOP PRODUCER AWARD. THE COMMODITY MARKET HAS BEEN A MOOD THE LAST FEW MONTHS, AND IT'S BRINGING SOME INTO THE MARKET FOR EQUIPMENT. AND IN CUSTOMER SUPPORT, WHO WOULD BE THE BEST PRESIDENT FOR U-S AGRICULTURE? JOHN PHIPPS TACKLES THE TOPIC LATER ON THE SHOW.
NEW STUDY FINDS HOT DRINKS MAY BE LINKED WITH RISK OF CANCER:
NOW FOR THE HEADLINES, WHAT DO VERY HOT DRINKS  AND GLYPHOSATE HAVE IN COMMON? BOTH HAVE THE SAME RISK OF CAUSING CANCER.  THE INTERNATIONAL AGENCY FOR RESEARCH ON  CANCER SAID THIS WEEK THAT VERY HOT BEVERAGES  ARE CLASSIFIED AS PROBABLY CARCINOGENIC TO HUMANS. THAT'S THE AGENCY AND THE SAME CLASSIFICATION THAT GLYPHOSATE RECEIVED EARLIER THIS YEAR. I-ARC SAYS DRINKS AT ABOVE 149 DEGREES AND ABOVE COULD CAUSE SCALD BURNS IN THE ESOPHAGUS AND THAT'S LINKED TO CANCER. 
RURAL MAIN STREET INDEX:
A GROWING NUMBER OF RURAL BANKERS ARE INCREASING THEIR COLLATERAL REQUIREMENTS   BEFORE APPROVING FARM LOANS. THAT'S ONE OF THE KEY POINTS TO THE RURAL MAINSTREET INDEX FROM CREIGHTON UNIVERSITY.  THE MONTHLY SURVEY WITH BANKERS IN FARM  COUNTRY SHOWS THREE QUARTERS HAVE ALTERED THEIR FARM-LENDING PRACTICES DUE TO A REDUCTION  IN FARM INCOME AND STRUGGLING COMMODITY  PRICES. THE R-M-I SHOWS HALF OF THE BANKERS BOOSTED  INTEREST RATES AND A THIRD REJECTED A HIGHER PERCENTAGE OF FARM LOAN REQUESTS.
MEAT AND POULTRY INDUSTRY ACCOUNT FOR 6 PERCENT OF U.S.’S GDP:
THE U-S MEAT AND POULTRY SECTORS ACCOUNT FOR 5 POINT 6 PERCENT OF THE UNITED STATES' GROSS  DOMESTIC PRODUCT. THAT'S ACCORDING TO NEW ANALYIS BY JOHN DUNHAM  AND ASSOCIATES. IT FOUND THE MEAT AND POULTRY INDUSTRIES  COMBINED CREATES JUST OVER 1 TRILLION DOLLARS IN TOTAL ECONOMIC OUTPUT. THE GROUP TOOK INTO ACCOUNT THE 5 POINT 4   MILLION JOBS IT CREATES AND 257 BILLION DOLLARS IN WAGES. 
FEWER CHERRIES IN THE WORLD DUE TO WEATHER:
WE COULD SEE A BITE OUT OF THE CHERRY CROP THIS YEAR. WE AREN'T TALKING A MAJOR SHORTAGE OF CHERRIES THIS YEAR. ACCORDING TO OUR REPORTING PARTNERS AT THE PACKER, PRODUCTION IS EXPECTED TO DROP 4 PERCENT IN THE PACIFIC NORTHWEST, NOW AT 18 POINT 4 MILLION POUNDS. THAT'S DOWN FROM THE 19 POINT 8 MILLION BOX PREVIOUSLY FORECAST.  WEATHER COMPRESSED THE BLOOM PERIOD, WHICH IN TURN, SHORTENS THE TIME TO HARVEST. THE QUALITY OF THIS YEAR'S CROP LOOKS PROMISING IN OREGON, THANKS TO MOTHER NATURE.   
NATIONAL WEATHER:
THAT'S IT FOR NEWS...METEOROLOGIST MIKE HOFFMAN JOINS US AGAIN FROM THE STUDIO. MIKE, OUR FRIENDS FROM THE PACIFIC NORTHWEST SAY IT'S BEEN DRY, MAKING FOR THE PERFECT CHERRY   HARVEST WEATHER.   THANKS TYNE YOU CAN SEE A BIG DOME OF HIGH PRESSURE IN THE UPPER ATMOSPHERE JET STREAM LEVELS KEEPING IT HOT AS WE START THE WEEK FOR FROM AREAS FROM THE SOUTHWEST ALSO INTO THE OHIO VALLEY SOUTHERN GREAT LAKES BUT THAT CHANGES TROUGH DIGS INTO THE GREAT LAKES OHIO VALLEY NORTHEAST BY WEDNESDAY LOOK AT THAT IT TURNS CHILLIER ACROSS THIS AREA THE HEATS GETS SHOVED BACK TO THE WEST PLAINS STATES ARE STILL GOING TO BE   WARM IN THIS PATTERN AND YOU CAN SEE THAT TROUGH DOES ALL THE WAY DOWN INTO THE SOUTHEAST AS WE HEAD THROUGH THE END OF THIS WEEKEND IT CONTINUES ALTHOUGH IT WILL START TO LOSE ITS POWER AS WE HEAD TOWARD NEXT WEEK AND HERE'S THE THIRTY DAY OUTLOOK FOR TEMPERATURES ABOVE NORMAL MID ATLANTIC NORTHEAST OHIO VALLEY GREAT LAKES NORTHERN AND CENTRAL MISSISSIPPI VALLEY   TOP PRODUCER MAGAZINE:
THANKS, MIKE.  OUR PARTNERS AT TOP PRODUCER MAGAZINE ARE  AWARDING A PRODUCER UNDER THE AGE OF 35 WHO DEMONSTRATES EXCELLENCE IN AGRICULTURE, WITH TOMORROW'S TOP PRODUCER HORIZON AWARD. THIS YEAR'S WINNER IS CHRIS NOBLE, OF NOBLE-HURST   FARMS IN  PAVILION, NEW YORK.  IN THIS FARM JOURNAL REPORT, BETSY JIBBEN SHOWS US WHY THE KEY TO HIS BUSINESS IS 'DIVERSIFCATION, INNOVATION AND OPPORTUNITY FOR THE NEXT GENERATION.' CHRIS NOBLE OF NOBLE-HURST FARMS WILL TELL YOU- HE'S DONE EVERY JOB ON HIS FAMILY'S OPERATION IN   WESTERN NEW YORK. BUT WHEN IT CAME TIME TO EXPAND THE 18-HUNDRED  HEAD HOLSTEIN DAIRY AND CROP OPERATION  ON IN A STATE TIGHT ON LAND AND RESOURCES- NOBLE-HURST   FARMS CHOOSE TO INNOVATE.  
CUSTOMER SUPPORT:
WELCOME BACK. WELL, IT WAS ONLY A MATTER OF TIME  BEFORE JOHN TACKLED THE UPCOMING PRESIDENTIAL ELECTION AND WHO WOULD BE THE BEST CANDIDATE FOR AG. WAIT NO MORE. THAT'S THIS WEEK'S CUSTOMER SUPPORT.   OK, REGULAR VIEWER AND CORRESPONDENT BARRET  YOUNG ASKS THE QUESTION:  "WHAT DO YOU THINK OF THE PRESIDENTIAL  CANDIDATES? …COULD YOU TALK ABOUT THE   AGRICULTURAL VIEWPOINTS EACH CANDIDATE MAY HAVE AND THE EFFECTS?"   I THINK IT IS IMPORTANT TO AVOID MICROSCOPING THIS  ELECTION AND LIMITING OUR FOCUS ON AGRICULTURE.  FARM POLICY MIGHT GET A FEW SOUND BITES DURING CAMPAIGN STOPS IN IOWA OR POSSIBLY WISCONSIN, BUT EVEN THAT SEEMS UNLIKELY. THE FARM VOTE SIMPLY DOESN'T MATTER AS MUCH, AND FARMERS THEMSELVES SEEM LIKELY TO VOTE BASED ON OTHER REASONS. JIM WEISEMEYER AT PROFARMER TRIED TO COMPARE AG POLICY POSITIONS OF THE TWO PRESUMED   NOMINEES AND MY SUMMARY IS AS FOLLOWS: A CLINTON PRESIDENCY WOULD LOOK MUCH LIKE THE   CURRENT ADMINSTRATION FOR FARMERS. A TRUMP PRESIDENCY IS ESSENTIALLY UNPREDICTABLE. IT IS   POINTLESS TO ANALYZE THE WORDS OF A CANDIDATE  WHO SAID THIS WEEK "POLICY IS A WASTE OF PAPER"  AND WHOSE POSITIONS CAN CHANGE DAY TO DAY.
TEASE:  THANKS, JOHN.   JUST A REMINDER THAT FARM JOURNAL MEDIA, AND CERTAINLY THIS  PROGRAM, DOES NOT TAKE A SIDE IN POLITICAL CAMPAIGNS. OUR MISSION, AS WE SEE IT, IS TO PRESENT THE FACTS AND, IN THIS CASE, PERSONAL COMMENTARY, THAT MAY OR MAY NOT INFORM YOUR OWN DECISION.UP NEXT, THE SHIFT IN CROP PRICES IS SHIFTING EQUIPMENT PURCHASES, AS WELL. WE'RE ON THE ROAD WITH MACHINERY PETE TO ATLANTA, INDIANA   NEXT. 
MACHINERY PETE:
WE'RE CONTINUING OUR ON THE ROAD WITH MACHINERY PETE SERIES THIS MONTH WITH A STOP IN   INDIANA. MACHINERY PETE AND I VISITED REYNOLDS  FARM EQUIPMENT WHERE THE COMMODITY PRICE RALLY IS LIFTING MOODS AND CHANGING THE OUTLOOK FOR 2016.  OUR PARENTS WERE THE GENERATION THAT GOT JOBS OFF HTE FARM. > ON THE CUSP OF SUBERBIA, IN THE MIDDLE OF FERTILE FARMLAND, YOU CAN FIND CHRISTY KIRTLEY CUTTING HAY AND RAISING CATTLE.   THE ATTENTION TO DETAIL MEANT THE FAMILY WANTED MORE EFFICIENT EQUIPMENT, INCLUDING AUTO TRAC AND SWATH CONTROLS....CONSTANTLY STRIVING FOR MORE EFFICIENCY, THEY   EVEN PURCHASED A NEWER COMBINE LAST YEAR.   TEASE:
WHEN WE COME BACK, MACHINERY PETE REJOINS US FOR TRACTOR TALES.
TRACTOR TALES:
WELCOME BACK TO TRACTOR TALES. THIS WEEK'S TRACTOR COMES TO US FROM A FARM FAMILY IN   NORTHERN INDIANA, BUILT IN THE LATE 60S, THIS  MASSEY HAS WORKED HARD FOR 4 GENERATIONS OF THE WISLER FAMILY AND IT CONTINUES TO GET THE JOB DONE.
COUNTRY CHURCH SALUTE:
THIS WEEK'S COUNTRY CHURCH SALUTE IS FROM TRIPOLI, IOWA. THE ST JOHN'S LUTHERAN CHURCH IN   CRANE CREEK IS CELEBRATING THEIR 150TH ANNIVERSARY THIS WEEKEND. THEIR CELEBRATION   BEGINS AT 10 A.M. SUNDAY, INCLUDING A FELLOWSHIP MEAL, RETURNING PASTORS SHARING THEIR   EXPERIENCES AND MUCH MORE. CONGRATULATIONS ON SUCH AN ACCOMPLISHMENT AND OUR THANKS TO JANE STINE AND SANDRA HINRICHS FOR SENDING THAT IN.  
TEASE:
WE HAVE A LOT OF VIEWER PHOTOS TO SHARE THIS WEEK. THAT HAPPENS NEXT.  
CROP WATCH:
I PUT A CALL OUT ON OUR FACEBOOK PAGE FOR  PICTURES THIS WEEK, AND HAD A HUGE RESPONSE. SO,  I'M GOING TO TRY TO WORK THROUGH AS MANY OF  THESE AS I CAN.  KATIE SAYS THEY'RE CHECKING GREEN FIELD PEAS IN  NORTH DAKOTA.
CLOSING:
FOR ALL UF US AT FARM REPORT, '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 AND HAPPY FATHERS' DAY 
 

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