USFR Weekly Recap - December 10-11, 2016

July 4, 2015 03:30 AM
 
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TODAY ON U.S. FARM REPORT
DECEMBER 10-11, 2016


HEADLINES
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN,  AND HERE'S WHAT WE'RE WORKING ON FOR YOU OVER  THE NEXT 60 MINUTES. SOYBEAN EXPORTS ARE STRONG, BUT HOW BIG OF A  BITE IS DEMAND TAKING OUT OF SOYBEAN STOCKS? WE  HAVE THE LATEST USDA REPORT.  USDA'S CHIEF SAYS IOWA'S GOVERNOR HAS THE SKILLS  FOR DIPLOMACY IN CHINA <"HE'S TENACIOUS, AND HE'S GOING TO HAVE TO BE."> TEH AFTERMATH OF FLOODS AND HEARTBREAKING  WEATHER IN SOUTH CAROLINA TAKING ITS TOLL ON  FAREMRS' CROPS <"IT'S ANYWHERE FROM ZERO TO 800 POUNDS> THAT'S OUR FARM JOURNAL REPORT.  AND IN JOHN'S WORLD... STAGE 3 WOODWORKING, IT'S NOT PRETTY>      <U.S. FARM REPORT - BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING, CHEVY SILVERADO.>

USDA WASDE REPORT
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS  WEEK...USDA ROLLING OUT IT'S DECEMBER SUPPLY  DEMAND REPORT, GIVING US AN UPDATED LOOK AT  SOYBEAN STOCKS.  USDA CONSIDERED A YAWNER WITH THE BIG STORY IS  COTTON. USDA UPPING IT'S PRODUCTION FORECAST TO  16 POINT 5 MILLION 480-POUND BALES. THATS 2  PERCENT ABOVE LAST MONTH AND UP 28 PERCENT  FROM LAST YEAR.  AND LOOK AT U.S. CARRYOVER. CORN, SOYBEANS AND  WHEAT UNCHANGED FROM LAT MONTH. BUT USDA  BUMPING UP COTTON TO 4.8 MILLION BALES.  COMMODITY PRICES FACING MIXED MESSAGES DURING  WEEK. SOYBEANS SEEING A BUMP EARLY ON EXPORTS  NUMBERS. SO I MEAN ESPEICALLY MOVING HIGHER ON NEWS THAT CHINA BY 462,000 TONS OF SOYBEANS FROM THE UNITED STATES OVER THE WEEK AND THAT'S BIG NEWS BECAUES THAT HAS MEANT A LOT OF TALK THAT THE DEMAND FROM CHINA IS STRIPPING DOWN TO SOUTH AMERICA. SOYBEANS ESPECIALLY MOVING HIGHER ON NEWS

SOUTH AMERICAN SOYBEANS
DOWN TO SOUTH AMERICA. AFTER A COUPLE OF STRONG DAYS EARLY, BEANS  PULLING BACK LATER IN THE WEEK...WITH JANUARY  CONTRACTS HOVERING AROUND THE 10-20 TO 10-30  RANGE. COMMODITY MARKETS PART OF THE RIDE THIS WEEK  ACROSS ALL FINANCIALS. U.S. STOCKS AND THE DOW JONES INDUSTRIAL  AVERAGE AND THE S&P TRADING AT FRESH ALL TIME  HIGHS.  THE DOW NOW ON ITS WAY TO 20-THOUSAND.

DECLINING CHINESE GRAIN PRODUCTION
AND FRESH ESTIMATES OUT OF CHINA SAY GRAIN  PRODUCTION THERE WILL FALL BY 15 MILLION TONNES,  OR ABOUT 2.5 PERCENT, IN THE FIVE YEARS LEADING UP  TO 2020. THAT'S ACCORDING TO A STATE GRAIN PLANNER, WHO SAYS THE GOVERNMENT IS WITHDRAWING SEVERELY  POLLUTED OR DEGRADED FARMLAND FOR  REHABILITATION. UNDER THE PROPOSAL, SOME 10 MILLION ACRES OF  LAND WILL BE TAKEN OUT OF PRODUCTION AND EITHER  REHABILITATED OR TURNED OVER TO FOREST OR  GRASSLANDS. THE MOVE COMES AFTER CHINA HAS BUILT UP A HUGE SURPLUS OF GRAIN STOCKS IN RECENT YEARS. THE  CUT IN OUTPUT WOULD NOT IMPACT FOOD SECURITY.

NATURAL GAS HIKE
IN THE HEART OF DRYING SEASON, NATURAL GAS  PRICES HAVE JUMPED MORE THAN 34 PERCENT OVER  THE PAST MONTH.  THEY'RE NOW NEAER THEIR HIGHEST LEVELS IN TWO YEARS. THE MOMENTUM IS ON FRIGID TEMPS FORECAST FOR  DECEMBER. 

CRUDE OIL CLIMBING
MEANWHILE ON THE OIL FRONT, BRENT CRUDE  CLIMBING ABOVE 55 DOLLARS PER BARREL EARLIER IN  THE WEEK BEFORE PULLING BACK TO THE 50 DOLLAR  RANGE. THE INCREASE DUE TO EXPECTED TIGHTENING  SUPPLIES FOLLOWING OPEC'S DECISION TO CUT  PRODUCTION...HOWEVER ANALYSTS NOW WONDER IF  THE PROPOSED CUT IS ENOUGH TO SOFTEN SUPPLIES  LONGER TERM.

STERLING PROFIT TRACKER
IN LIVESTOCK, A NEW PROFIT TRACKER SHOWING  POSITIVE GAINS FOR A SECOND CONSECUTIVE WEEK. AVERAGE FEEDYARD MARGINS LAST WEEK WERE JUST  SHY OF 100 DOLLARS PER HEAD. THAT'S 40 DOLLARS BETTER THAN THE PREVIOUS WEEK. A YEAR AGO FEEDERS WERE LOSING NEARLY 500  DOLLARS PER HEAD. HOWEVER, THE FOLKS WITH STERLING MARKETING SAY  COW-CALF GUYS NEED TO START PLANNING FOR A  ROUGH 2017. THEY'RE PREDICTING LOSES OF 24 DOLLARS PER HEAD. DECEMBER LEAN HOG FUTURES ARE UP 16 DOLLARS  SINCE OCTOBER 19TH. FIGHTING THEIR WAY BACK ABOVE 55 DOLLARS PER  HUNDRED...AND NOW AT THEIR HIGHEST POINT SINCE SEPTEMBER. IT IS BEYOND ME THAT'S BEEN GONMG ON HERE THERE IS NO SELLING COME HERE AT ANY POINT I THINK THEY DID NOT REACT MORE SHORED UP HERE AT UPPER END OF THE LOVIELIER I THINK THTERE MAY BE SOME NEWS THAT WE HAVE NOT HEARD OF YET. THAT'S G GOIGN TO COME OUT THAT KEEPING THESE MARKTINSG GRINDING HIGHER BECAUSE A REALLY HAS BEEN NO SELL OF HAS REALLY CAME DOWN TO THE BOTTOM

MEAT EXPORT NUMBERS
THE LATEST MEAT EXPORT NUMBERS SHOWING  OCTOBER WAS A GOOD MONTH FOR PORK AND BEEF  SHIPMENTS. THE U-S MEAT EXPORT FEDERATION SAYS BOTH SAW  DOUBLE-DIGIT INCREASES FROM A YEAR AGO.IN PORK - EXPORTS ARE UP 14-PERCENT FROM LAST  OCTOBER. THAT'S THE LARGEST MONTHLY VOLUME IN  TWO-AND-A-HALF YEARS. . ND BEEF VOLUME EXPORTS UP 12-PERCENT FROM A  YEAR AGO.

WEATHER
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH WEATHER... MIKE IT'S  FELT MORE LIKE WINTER THIS WEEK. WELL TYNE ACROSS MOST OF THE COUNTRY YOU ARE ABSOLUTELY RIGHT EXCEPT SOME OF THIS FAR SOUTHERN AREAS NOT SHOW YOU THAT THERE'S  MORE COMING IN IN THE WEATHER MAPS IN THE MEANTIME SOME  GOOD NEWS IN THE DROUGHT MONITOR THIS IS WHAT IT LOOKS LIKE RIGHT NOW ARE STILL BAD EXTREME TO EXCEPTIONAL  DROUGHT IN MANY PARTS OF ALABAMA AND GEORGIA BUT LET'S GO BACK  A MONTH AND SEE IT WAS ABOUT THE SAME MONTH AGO BUT IT WAS  GETTING WORSE WATCH WHAT HAPPENED OVER THE AT THE PAST FOUR  WEEKS OF HIS JUST EXPANDING AND EXPANDING THEN JUST IN THE LAST  WEEK BECAUSE OF TWO GOOD SOAKING RAINS IT'S BEGUN TO SHRINK SO WE'VE  GOT IT A START HERE TO GETTING RID OF THAT DROUGHT ITS GETTING A LITTLE DRYER THOUGH I  NOTICED IN SOME OF SOUTH CENTRAL PLAINS STATES AS WELL ALL RIGHT AS  WE HEAD THROUGH THIS WEEK ON MONDAY PRETTY GOOD STORM  SYSTEM SNOW IN THE GREAT LAKES PARTS OF THE OHIO VALLEY  SOUTHWARD PROBABLY SEEING SOME SHOWERS MAYBE EVEN A  THUNDERSTORM HERE AND THERE VERY VERY COLD AIR THIS IS EVEN COLDER THAN WHAT WE'VE SEEN SO FAR COMING INTO THE NORTHERN ROCKIES WITH THE SYSTEM RIDING ALONG  THAT AND A LITTLE BIT OF SNOW THAT SYSTEM IS ALREADY INTO THE GREAT  LAKES BY WEDNESDAY AS THE COLD AIR JUST PLUNGES SOUTH OR NOT  DOES START TO STALL OUT IN THE FAR SOUTHERN TIER STATES BUT THIS IS  EXTREMELY COLD DIRECTS SHOT OF ARCTIC AIR AND YOU CAN SEE MULTIPLE AREAS GETTING SNOW BY FRIDAY THEN THAT THE COLD AIR SETTLED IN THE MOST OF THE EASTERN TWO  THIRDS OF THE COUNTRY SOME ARE MORE LIKE SNOW DEVELOPING WITH  THAT WESTERN SYSTEM THIS COULD BE PRODUCING SOME HEAVY SNOWS  AND RAINS IN THE VALLEYS IN THE WESTERN STATES AS WE HEAD  THROUGH THE END OF NEXT WEEK BACK IN OUR NEXT HALF HOUR WITH OUR  LONGER RANGE FORECAST

TEASE
THANKS, MIKE. WE'LL GET OUR ANALYSTS THOUGHTS  ON THE LATEST USDA REPORT THIS WEEK. BOB  UTTERBACK AND CHIP NELLINGER JOIN ME NEXT.  U.S. FARM REPORT RBOUGHT TO YOU BY FARMER'S  EDGE. FOR THE LATEST IN MAKING SENSE OF YOUR  DATA-- VISIT GROWYOURRETURNS.COM

ROUNDTABLE 1
ALL RIGHT WELCOME BACK. HERE NOW WITH CHIP NELLINGER AND BOB UTTERBACK. BOB, THIS USDA REPORT CAME OUT FRIDAY.WE DIDN'T EXPECT A LOT OF CHANGES BUT BOY WAS IN A BORING REPORT. IT WAS REALLY THE BULLS WERE LOOKING FOR SOMETHING TO GRAB ON TO TO IGNITE THE MARKET. ESPECIALLY IN CORN WHERE WE'D BEEN CAUGHT IN THIS CONSOLIDATION RANGE. THE REPORT INCREASED THE WORLD STOCKS IN CORN BEANS AND WHEAT.AND SO WE'RE GOING TO DRIFT LOWER. THE MARKET'S GOING TO QUICKLY TURN NOW THE WEATHER IN SOUTH AMERICA FOR FOCUS IN THE YEAR TAX FLOW CASH SELLING. AND WE GOTTA MOVE SOME CORN. AND THE FARMERS ARE NOT WANT TO SEE WHAT THEY LIKE. WILL FARMERS SELL IN JANUARY OR FEBRUARY OR WILL THEY HOLD CLEAR UNTIL NEXT SUMMER WILL BE ONE OF THE DEBATES.OUR STOCKS RIGHT NOW, WHAT IS WHAT DID USDA TELL US ABOUT OUR DOMESTIC STOCKS? THEY DIDN'T TELL US ANYTHING NEW. EVERYTHING WAS UNCHANGED. TWO POINT FOUR BILLION BUSHEL CORN CARRY OUT. 400 MILLION BUSHEL BEAN CARRY OUT. SO THAT THE MARKET'S COMFORTABLE THOSE NUMBERS I AGREE WITH BOB. I THINK SOUTH AMERICAN WEATHER IT IS GET A LITTLE BIT DRY IN ARGENTINA.THE BULK OF BRAZIL LOOKS TO BE REALLY GOOD SHAPE SO FAR, BUT IT'S PRETTY EARLY ON. ITS KINDA LIKE YOU KNOW LIKE A LATE MAY TIME FRAME THERE, MID TO LATE MAY MOST THOSE AREAS. SO THEY NEED TO GET SOME RAIN EVENTUALLY, BUT IT'S NOT AFFECTING YEAR OLD YET BUT YOU KNOW THAT'S KIND OF THE HOPE OF THE MARKET ANDIT WILL BUILD SOME WEATHER PREMIUM I THINK STARTING NEXT WEEK.IF THEY DON'T GET SOME RAIN AND THAT EXTENDED FORECAST. SO IN THIS REPORTIF WE DIDN'T SEE MUCH IMPACT, YOU SAY IT WAS A BEARISH REPORT OVERALL, BOB? IT WAS BEARISH BECAUSE IT WAS NOTHING BULLISH. THE MARKET PSYCHOLOGY SO MUCH ON MARKET PSYCHOLOGY. BUT NOW THE PROBLEM IS, IS THAT SOUTH AMERICA IS GOING TO START HARVESTING BEANS RIGHT AROUND THE CORNER, FIRST OF JANUARY. AND THAT'S THAT GOING TO ALLOW THEM THE PLANT DOUBLE CROP CORN IN THE NORTHERN BRAZIL TWO TO THREE WEEKS EARLIER. SO THEY'RE GONNA HAVE A BIGGER CORN SECOND CROP. NOW ONE OF THE DEBATES THE TRADE IS GOING TO HAVE IS WITH THE BRAZILIAN CROP BE NEUTRALIZED BY THE AUSTRALIAN DEFICIENCY HOW MUCH ESPECIALLY IN KANSAS, MISSOURI, IOWA, NORTH DAKOTA, SOUTH DAKOTA, MINNESOTA, OHIO. I COULD PICK UP EVERYWHERE THEIR CORN ACREAGE THERE'S BEAN ACRES GROWING. THE QUESTION IS NOBODY CAN WAIT THIS IS HOW THEY'RE GOING TO SAYS TWO POINT SIX MILLION IS ALL WE NEED IN THE MOST BULLISH OF ESTIMATES. SO IF WE GET FOUR MILLION, WE GET TWO MILLION ACRES OF PRODUCTION AND WE DON'T NEED. HOW'S THAT GOING TO IMPACT PRICE? FOUR OR FIVE MILLION MORE ACRES. DO YOU THINK THAT'S POSSIBLE CHIP?I THINK IT'S POSSIBLE. ALSO IN THE SOUTH, COTTON IS GOING TO BE IN THE MIX AS WELL. WAY MORE COTTON ACRES IS WHAT I'M PICKING OUT OF THE PEOPLE WE WORK WITH IN THE MID SOUTH AREA. FIVE MILLION MIGHT BE A STRETCH, BUT I I THINK IT COULD BE THREE PLUS AND THAT MEANS CORN ACREAGE GOING TO BE DOWN A LITTLE BIT. THE THING IS, WE'RE SITTING HERE MID DECEMBER SA LOT CAN CHANGE BETWEEN NOW AND MARCH, APRIL. BUT YOU KNOW SOME OF THOSE DECISIONS ARE ALREADY MADE. LIKE BOB SAID GUYS ARE TALKING TO SEED CORN DEALERS, GETTING THEIR SEED LOCKED IN. SOME OF THOSE DECISIONS HAVE ALREADY BEEN MADE AS FAR AS ACREAGE GOES. AND I HEARD SOME REPORTS IN OKLAHOMA AND SOME OF THOSE AREAS WERE SOME OF THESE FARMER SAW FIVE BILL COTTON THIS YEAR JUST AMAZING SO WE COULD SEE THE HIGHEST COTTON ACREAGE IN SOME OF THOSE AREAS THAT WE'VE SEEN IN A DECADE. SO DOES THAT MOVE OUT OF WHEAT, YOU THINK? I DON'T WANT TO GO TOO FAR. AND I THINK YOU WE TALKED KANSAS, WHEN YOU GET INTO MISSOURI, NOW YOU GOTTA OKLAHOMA IS WHERE THE PROBLEM IS. NOW WE GOT A WILD CARD WITH OKLAHOMA NORTH CAROLINA SOUTH CAROLINA GEORGIA THAT'S DRY. NOW IF THAT DRYNESS MOVES NORTH, THAT'S THE WILD CARD PLUS CORN ACREAGE LOSS, I THINK CORN COULD BE THE SLEEPER. BELIEVE IT OR NOT I THINK GOING TO BE THE SLEEPER IN JUNE JULY. THAT'S WHY I'D BE TELLING ANYBODY THAT SOLD CORN OFF THE COMBINE, IF YOU WANT TO GET REOWNERSHIP, YOU GOTTA BE DONE BY  MID FEBRUARY. YOU DON'T WANT TO WAIT UNTIL TO JUNE JULY TO MARK THE CORN MARKET. YOU WANT TO BUY IN JAN, FEB. IF YOU GET THAT DECENT CORRECTION.WELL IT'S PRETTY MUCH KNOW NOW THAT WHEAT ACREAGE IS DOWN HERE BUT HOW MUCH WILL GET THEIR THOUGHTS WHEN WE COME BACK ON U S FARM REPORT.

ROUNDTABLE 2
WELCOME BACK. WELL JUST BEFORE THE BREAK I MENTIONED A WHEAT ACRES IN AND WE KNOW IT'S IT'S IT'S DOWN IN SOME AREAS HOW MUCH OF A REDUCTION DO YOU THINK WE'RE SEEING THIS YEAR?I THINK IT COULD MEAN A COUPLE MILLION EASILY. THE EASTERN CORN BELT THATWAS WAY WAY DOWN. YOU KNOW LIKE BOB MENTIONED BEFORE THE BREAK--OKLAHOMA, KANSAS THAT'S HARDER TO GET A GET A FEEL FOR.TALKED A COUPLE OF PRODUCERS IN KANSAS AND AT LEAST IN THEIR AREA, CENTRAL TO WESTERN KANSAS THEY THINK LOCALLY THAT WHEAT ACRES COULD BE DOWN ABOUT TEN PERCENT ON NORMAL. A LOT THAT'S GOING TO GO TO FULL SEASON BEANS.IF THERE IS A LOT OF ACRES SHIFTING, AND THAT'S GOING TO LEAD TO A LOT OF DIFFERING OPINIONS, WE'LL GET THAT OBVIOUSLY THAT PLANTED ACREAGE REPORT NOT UNTIL THE MARCH. BUT THERE'S A LOT OF ACRES AT PLAYING HERE. SHIFTING. CHIP MENTIONED KANSAS WHEAT AND WE HAVE BEEN HEARING ABOUT THIS WIDE BASIS IN KANSAS. IS THAT A SIGNAL OF ANYTHING? I THINK IT'S THE BEGINNING OF THE END OF THE BEAR MARKET FOR A WHEAT. HALLELUJAH.  IF WE CAN GET WHEAT TO BOTTOM, GET ACRES REDUCED, NOW THE QUESTION IS WE DON'T WANT THE WHEAT ACRES TO COME TO CORN, WE WANT THEM TO GO. BUT IF THEY SWITCH TO BEANS, BY ALL MEANS, IF YOU'RE GOING TO SHIFT YOUR WHEAT ACRES TO BEANS AND YOU'RE ENCOURAGED BY BEAN PRICE, DON'T SHIFT AND NOT PRICE IT. IF IT'S GOOD ENOUGH TO SHIFT ITS GOOD ENOUGH THE PRICE. AND THEN DEFEND AGAINST IF YOU WOULD DEFEND AGAINST THE SUMMER WEATHER. I THINK THE CORN HAS GOT THE POTENTIAL TO EXCEED MY, I'M GOING TO SELLING CORN BETWEEN FOUR TEN AND A FOUR THIRTY BASE IN THE DEC'S BUT I'M GOING TO DEFEND AGAINST SOME TYPE OF JUNE JULY WHETHER SCARE. I HAVE TO. I'M HOPEFUL OF THAT. HOW IS CORN DEMAND CHIP?  WE'VE HEARD WITH THIS CHEAP WHEAT WE MAY BE FEEDING MORE WHEAT BUT I KNOW THAT'S A LITTLE BIT OF A PROCESS OF CORN DEMAND HASN'T HELD UP FAIRLY WELL. IT REALLY HAS. OUR EXPORTS ARE CRANKING ALONG. ETHANOL DEMAND IS REALLY PUSHING HIGH HERE. AND NOW ARE BUMPING UP AGAINST THE WALL THERE. BUT IT SEEMS LIKE MAYBE THEY CAN EVEN RAISE EVENTUALLY ETHANOL DEMAND, GOOD PROFITABILITY, CRUDE OIL BACK ABOVE FIFTY DOLLARS. I THINK SOUTH AMERICA, BRAZIL'S OUT OF THAT MARKET THERE ACTUALLY BEEN IMPORTING SOME ETHANOL. SO YOU KNOW RIGHT NOW PROFITABLABILITY IS GOOD. AND I THINK THAT'S A BRIGHT SPOTLIGHT BOB MENTIONED A SHAME THESE ACRES BACK A LITTLE WEATHER SCARE NEXT SUMMER.THE DEMAND BASE WE HAVE COULD BE A NICESPARK LONGER TERM AND IN CORN. CAN THE ETHANOL SIDE LAST? BECAUSE WE TALK ABOUT THE POSSIBLE NEW E P A ADMINISTRATOR OF THE OKLAHOMA ATTORNEY GENERAL WE KNOW HE HAS BEEN REALLY PRO ETHANOL IN THE PAST SO DOES THAT POLICY CHANGES THERE DOES THAT SCARE YOU A LITTLE BIT BOB?I'M MOVING OUTSIDE MY AREA OF EXPERTISE I'LL FREELY GIVE THAT THAT DISCLOSURE. BUT I THINK HE'S IN THE HEART OF OIL THAT HE LIKED THE WAY HE WANTS CRUDE OIL. THEY'RE GOING TO BE PUSHING THATAND AT THE PUSH OIL PRICES DOWN, BUT THE INCREASE USAGE, SO GALLONS EACH GOES UP, I'VE SEE THAT WITH THE HIGHER MANDATES ME IN A CONSTRUCTIVE FIGURE FOR CORN.IS USAGE OF THAT CORN ETHANOL DEMAND WILL INCREASE. NOW THE QUESTION IS IF THE ECONOMY STARTS TO TAKE OFF IN INTEREST RATES TAKE OFF, ARE WE GOING GET PULLED ALONG WITH INFLATION? I DON'T THINK WE'RE GONNA LEAD THE ECONOMY THINK THE ECONOMY ON THE HOT MONEY IS ON OVER INTO THE EQUITIES AND WE'RE GONNA HAVE A DEFICIENCY OF PEOPLE REALLY EXCITED ABOUT BEING FOR MONIES INITIALLY IT WAS THEIR VIEW WELFARE THE JUMP BACK. AND BUT I DON'T THINK PEOPLE DON'T BUY COMMODITIES AS THE INFLATIONARY HEDGE AT THIS POINT. AND SO I THING IT OFF SAID IT'S PROBABLY A POSITIVE BUT DON'T YOU CAN GO TOO FAR WITH IT. IT EVEN IT'S PRETTY MUCH CERTAIN THAT THAT WE SEE AN INCREASE IN INTEREST RATES? ALREADY HAVE THIS MONTH A YEAR I THINK IT IS WHETHER IT'S FED RELATED OLD OR YOU KNOW THE MARKET ALREADY DICTATING IT BECAUSE OF THE EXPECTATIONS OF WHAT A PRESIDENT TRUMP IS GOING TO DO. THINK WE'VE ALREADY SEEN THAT. THAT PROBABLY CONTINUES YOU KNOW THE NEXT TWELVE EIGHTEEN MONTHS. 30 SECONDS, TWENTY SEVENTEEN TO YOUR CARE FOR CATTLE PRODUCERS? I THINK IT'S IT'S GOT A MIXED THING BACK IN AND MORE TERRAIN GERMANY ONE FORTY ON THE HIGH SIDE A BUCK ON THE LOW SIDE I THINK THESE BIG SWINGS MAY BE YOUR COMING THE ONE HAND BUT IT'S NOT EASY BECAUSE THEATERS ARE STILL OVERPRICED RELATIVE. TO HAVE FOR LIVE CATTLE FUTURES AND SICKLE SEASON FEATURES CLOTHES AND FEED YARDS? YEAH IT'S IT'S BEEN ROUGH UNFORTUNATELY I THINK IN THE IN THE WESTERN CORN BELT NEBRASKA KANSAS AND YOU'RE GONNA SEE SOME OF THAT VERY SCENE SOME SOME OF THE BIGGER ONES AND I THINK OR MAYBE IN THE ONE MORE WAVE BEFORE WE CAN CHECK THIS THING ALL RIGHT WE'LL GET THE CLOSING THAT'S WHEN WE COME BACK ON U S FARM REPORT.

MARKETS NOW
MARKETS NOW IS SPNOSRED BY YAMAHA'S FULL LINE OF REAL WORLD  TOUGH ATV'SS AND SIDE BY SIDE VEHICLES TIME NOW FOR CLOSING THOUGHTS BOB UTTERBACK, LET'S START WITH TWO THOUSAND SEVENTEEN BEARISH BEANS, BULLISH CORN AS A SPREAD TRADER.  I THINK YOU JANUARY FEBRAUARY YOU GET YOUR CALL PROTECTION SO YOU CAN SELL THE SUMMER RALLY I WOULD SELL BEANS ABOUT TEN THIRTY PLUS AND AND BE CONSERVATIVE IN MY CASH FLOW OUT WAYS FOR NEXT YEAR. NEXT YEAR PREPARE FOR ADVERSITY BUT IF THAT WE GET A WEATHER SCARE TAKE ADVANTAGE OF IT. ALIRHGT, CHIP AGREE WITH WHAT BOB SAID . THE TOOLS ARE OUT THERE RIGHT SO I THINK IT ALL STARTS WITH A PLAN. TO DO SOME WORK THIS ONE AND FIGURE OUT REALLY WHAT YOUR TRUE COSTS ARE NOT JUST SEED FERTILIZER NITROGEN, CASH RENT, CHEMICALS,  ALL YOUR COSTS: LABOR INTEREST, MACHINERY RIGHT DOWN THE LINE AND THAT GIVES YOU POWER TO THEN PLAN FOR THE VOLATILITY WE'LL PROBABLY SEE. LIKE  BOB SAID BEANS ARE THE ONLY THING WITH PROFITS RIGHT NOW LET'S LOCK THAT IN. WHETHER THAT'S PUTS, WHETHER THAT'S SALES WITH  CALLS ATTACHED, THERE'S WAYS TO KIND OF HAVE YOUR CAKE AND EAT IT TOO AND LOCK THAT PROFIT ALL RIGHT THANK YOU BOTH FOR BEING HERE THIS WEEK WE APPRECIATE IT JOHN PHIPPS JOINS US NEXT RECEIVE A FREE TIRAL OF THE DAILY MARKET LETTER AND GAIN KNOLWEGE  ABOTU CURRENT MARKET CONDITIONS FROM THE PROFESSIONALS AT BOWER  TRADING. VIEW HTE MARKETS LIKE NEVERBEORE. GO TO  BOWERTRADING.COM

JOHN’S WORLD
WELCOME BACK. ONE OF JOHN'S PHIPPS GIFTS IS  WOODWORKING.. HE MAKES SOME REMARKABLE  THINGS. BUT IT'S NOT AS EASY AS IT LOOKS, AS HE  SHOWS US IN THIS WEEK'S JOHN'S WORLD.  ONE OF THE HAZARDS OF HAVING AN AMATEUR WOODWORKER FOR A  FRIEND IS THE PREDICTABLE NATURE OF CHRISTMAS AND BIRTHDAY GIFTS.  THIS YEAR, FOR EXAMPLE, I'M GIVING FOLKS SOME KITCHEN UTENSILS I  TURNED FROM SCRAP WOOD ON MY SMALL LATHE. I HOPE THEY ARE NOT  WATCHING, OR I'VE DAMPENED THE SURPRISE. I PROBABLY SHOULD EXPLAIN SOMETHING TO NON-WOODWORKERS OUT  THERE. THERE ARE THREE DISTINCT PHASES OF WOODWORKING. THE FIRST IS THE TOOL PHASE, WHEREIN THE PURCHASE AND DEPLOYMENT OF NEW  POWER OR HAND TOOLS CAPTURES OUR ENTIRE ATTENTION. AS SOME OF  YOU HAVE POINTED OUT, I'VE NEVER REALLY LEFT THAT PHASE BEHIND  EVEN AS I MOVED ON THE SECOND STAGE OF THIS HOBBY: THE WOOD  STAGE. I'VE ALSO SHOWN YOU PREVIOUSLY HOW I HAVE ACCUMULATED  ENOUGH ROUGH LUMBER TO FILL A BARN AND SHED AND KEEP ME BUSY  FOR SEVERAL DECADES. BUT THE FINAL AND PERHAPS MOST TRAGIC STAGE IS TURNING. ONCE A  WOODWORKER GETS HIS HANDS ON A LATHE, THERE IS SELDOM ANY  TURNING BACK. LATHES ARE UNIQUE TOOLS BECAUSE WITH A LATHE, THE  WORKPIECE MOVES AND THE TOOL IS HELD STILL, INSTEAD OF ALL OTHER  OPERATIONS WHERE THE TOOL IS MOVED OVER OR THROUGH THE WOOD. IT  WOULD BE LIKE FARMING WHERE THE TRACTOR STAYED STATIONARY AND  THE FIELD MOVED UNDER IT. MAYBE IT IS THIS SHARP DROP IN EFFORT, OR  JUST BEING ABLE TO DO SOMETHING CIRCULAR, WHICH IS ALWAYS HARD  WITH WOOD, BUT TURNING CAN BECOME A MAJOR TIME-ABSORBING  EXERCISE. MOST FREQUENTLY WE BEGIN WITH PENS. BUT SOON WE ARE  MOVING ON TO LARGER PROJECTS AND LUSTING FOR LARGER TOOLS. SCIENCE  HAS YET TO FIND A CURE FOR STAGE THREE WOODWORKING, AND FRANKLY  MOST OF US WOULDN'T EMBRACE IT ANYWAY. SO, TO ALL MY WOODWORKING FRIENDS OUT THERE, BE SURE TO WEAR  APPROPRIATE SAFETY EQUIPMENT, KEEP YOUR TOOLS SHARP, AND GOOD  LUCK WITH YOUR CHRISTMAS GIFT MANUFACTURING.  THANKS, JOHN.

TEASE
FARMERS IN SOUTH CAROLINA ARE STILL DEALING WITH  THE AFTERMATH AFTER HURRICANE MATTHEW TORE  THROUGH THEIR STATE, DEVESTATING HTEIR CROP  TWO YEARS IN A ROW. SO, HOW ARE FARMERS  REBUILDING? WE'LL FIND OUT AFTER THE BREAK. 

HEADLINES
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH  MORE AHEAD. HURRICANE DESTRUCTION DEVESTATING SOUTH  CAROLINA. WE HAVE BOOTS ON THE GROUND IN OUR  FARM JOURNAL REPORT. IF YOU'RE IN THE MOOD FOR A HOLIDAY PIE, ANDREW  MCCREA WILL FIX YOUR CRAVING. AND ONE VIEWER THINKS JOHN HAD AN AGENDA WITH A  RECENT CUSTOMER SUPPORT. 

PRUITT TO HEAD EPA
NOW FOR THE HEADLINES...THE TRUMP TRANSITION  TEAM NAMES TWO KEY PLAYERS TO THE NEXT  ADMINSTRATION THAT SEEM TO GARNER SUPPORT  FROM AGRICULTURE. DONALD TRUMP NOMINATING OKLAHOMA ATTORNEY  GENERAL SCOTT PRUITT TO BE HEAD OF THE  ENVIRONMENTAL PROTECTION AGENCY. PRUITT HAS BEEN A VOCAL CRITIC OF E-P-A DURING THE  OBAMA YEARS. HE FILED SUIT AGAINST THE AGENCY  FOR ITS 'WATERS OF THE U-S RULE'.  ENVIRONMENTALIST GROUPS ARE OBJECTING. BUT PRUITT'S ALSO BEEN NEGATIVE TOWARDS  RENEWABLE FUELS. STILL PRO-ETHANOL GROUP  "GROWTH ENERGY" SAYS IT'S AWARE OF PRUITTS  STANCE...BUT REMAIN HOPEFUL. <"MOVING FORWARD, WHAT'S IMPORTANT IS WHEN HE WAS AG OF OK,  HE HAD TO ADVOCATE FOR THE INTERESTS OF THE OK RESIDENTS NAD OK  INDUSTRIES. HE IS NOW THE HEAD OF HT EEPA AND ADVOCATES FOR ALL  50 STATES. HIS JOB IS TO NOW IMPOLEMENT THE POLICIES AND VISIONS  THAT'S NOW OUTLINES BY MR. TRUMP,"> SCORE SAYS DIALOGUE IS KEY TO MAKE SURE THE  RIGHT POLICIES ARE IMPLEMENTED FOR RURAL  AMERICA. 

BRANSTAD TO BE AMBASSADOR TO CHINA
THE TRUMP TEAM ALSO FILLING THE ROLE OF U-S  AMBASSADOR TO CHINA. CURRENT IOWA GOVERNOR  TERRY BRANSTAD MET WITH THE PRESIDENT ELECT  EARLIER IN THE WEEK AT TRUMP TOWER.  POLITICAL OBSERVERS SAY THE DECISION IS SEEN AS A  WIN IN THE  AG WORLD. <"HE IS INCREDIBLY WELL ON TRADE HE'S AN INCREDIBLE SUPPORTER OF  AG TRADE. HE IS KNOWN AS SOMEONE WHO HAS A VERY  PROFESSIONALLY POSITIVE IF NOT EVEN FRIENDSHIP WITH CHINESE PRESIDENT XI AND WILL BE A CALMING FORCE ESPECIALLY IF THE  PRESIDENT ELECT CONTINUES WITH SOME OF THAT ANTAGONISTIC  RHETORIC."> PFINGSTEN BELIEVES BRANSTAD COULD BRIDGE THE  GAP BETWEEN CHINA AND TRUMP'S TOUGH TALK ON  TRADE, AND CURRENCY MANIPULATION.  FELLOW IOWAN AND CURRENT USDA CHIEF TOM  VILSACK SAYS DON'T DISMISS BRANSTAD FROM THE  WORLD STAGE BECAUSE HE COMES FROM A RURAL  STATE. "HE'S TENACIOUS, AND HE'S GOING TO HAVE TO  BE. HE'S TIRELESS, HE'S GOING TO HAVE TO BE AND HE UNDERSTANDS  AND APPRECIATES THE IMPORTANCE OF TRADE AND HE WILL HAVE TO."> BRANSTAD IS THE LONGEST SERVING GOVERNOR IN U-S  HISTORY AND HAS KNOWN CHINESE PRESIDENT XI  JINPING FOR MORE THAN 30 YEARS.

PURDUE AG BAROMETER SHOWING IMPROVEMENT
FARMERS ARE FEELING A LITTLE BETTER ABOUT THE  FUTURE, AT LEAST ACCORDING TO ONE NEW SURVEY. THE LATEST PURDUE AG ECONOMY BAROMETER  REACHED AN INDEX POINT OF 116 FOR NOVEMBER,  CONSIDERABLY HIGHER THAN THE OCTOBER READING  OF 92. A RATING BELOW 100 IS NEGATIVE, WHILE A  RATING ABOVE 100 INDICATES POSITIVE SENTIMENT.  ORGANIZERS SAY THE IMPROVED RATING CAN BE  ATTRIBUTED TO AN IMPROVEMENT IN FARMERS'  PERSPECTIVE ABOUT THE FUTURE... MOTIVATED IN  PART BY BETTER CORN AND SOYBEAN PRICES.  HOWEVER, ORGANIZERS ALSO NOTE THE JUMP IN  PRODUCER SENTIMENT ALSO REFLECTED FEWER  RESPONDENTS WITH A NEGATIVE OUTLOOK, RATHER  THAN A NOTABLE SHIFT TOWARD A POSITIVE OUTLOOK  ON THE AGRICULTURAL ECONOMY

WEATHER
AGRICULTURE'S NATIONAL FORECAST IS BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM BAYER.  THAT'S IT FOR NEWS...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH THE LONG RANGE  FORECAST...MIKE IS THIS PATTERN HERE TO STAY? THANKS TYNE ABSOLUTELY THIS PATTERN IS HERE TO STAY FOR AT LEAST THE  NEXT WEEK TO TEN DAYS AND PERHAPS LONGER WATCH WHAT HAPPENS  WITH THE JET STREAM ANOTHER DIRECT SHOT OF ARCTIC AIR COMING INTO  THE WEST THEN IT WILL SPREAD EASTWARD LOOK AT THAT I MEAN THERE'S SOME  FOLKS WOULD CALL THIS A POLAR VORTEX THAT ALWAYS STAYS NORTH OF THE BORDER BY THE WAY BUT IT  DOES SEND SOME COLDER AIR SOUTHWARD AS BY THE MIDDLE OF THE  WEEK THAT COLD AIR SHIFT TO THE EAST AND A LOT ANOTHER SHOT COMING  BY FRIDAY INTO THE WESTERN PARTS OF THE COUNTRY AND THAT OF COURSE  WILL COME EAST AS WELL AS WE HEAD THROUGH NEXT WEEK AND THEN IN EARLY THE FOLLOWING  WEEK THIS IS A VERY COLD PATTERN FOR THE NORTHERN HALF OF THE  COUNTRY AND FOLKS IN THE SOUTH JUST GET TOUCHES OF THAT COLD AIR SO MY  THIRTY DAY OUTLOOK FOR TEMPERATURES HAVE VERY CONFIDENCE OF THIS  BASICALLY THE NEXT FIFTEEN DAYS AIR GONNA MAKE IT BELOW NORMAL  FOR MOST OF THE LOWER FORTY EIGHT ONLY ABOVE NORMAL FOR SOUTH  FLORIDA IN THE FAR SOUTHWEST PRECIPITATION OVER THE NEXT THIRTY DAYS SOUTHERN MISSISSIPPI VALLEY  MUCH OF THE EAST AND THE NORTHWEST EXPECTED TO BE ABOVE  NORMAL TYNE

FARM JOURNAL REPORT
THANKS, MIKE. IT'S BEEN A CHALLENGING YEAR FOR  GROWERS IN THE SOUTHEAST. FARMERS IN MARION COUNTY, SOUTH CAROLINA, HAVE  SEEN EXTREME HEAT, TROPICAL STORMS AND A  HURRICANE IN ONE SEASON.    IN THIS WEEK'S FARM JOURNAL REPORT,  BETSY JIBBEN  SHOWS US WHY FARMERS REMAIN THANKFUL THEY GOT  ANY CROP AT ALL FOLLOWING MULTIPLE YEARS OF TOUGH TIMES.  <"AN UNHARVESTED FIELD OF PEANUTS.."><"THIS IS A COMPLETE LOSS."> WALK AND SET OF WORDS BANKERS AND GROWERS  KNOW ALL TOO WELL IN NORTHEAST SOUTH CAROLINA. "IN OUR AREA, YOU'RE GOING TO SEE A LOT OF  COTTON AND PEANUT FARMERS WHO WILL HAVE A LOSS ON THEIR CROP  INSURANCE,"> THEY'LL BE ABLE TO PAY OFF OPERATING EXPENSES. BUT  THAT'S ABOUT AS FAR AS IT WILL GO.49"> NORTHEAST SOUTH CAROLINA EXPERIENCED EXTREME  HEAT THIS SUMMER.  THEN HURRICANE MATTHEW HIT IN OCTOBER...  JUST IN  TIME FOR HARVEST.  WHILE COTTON HARVEST IS NOW ALMOST COMPLETE IN  THE STATE, SOME FIELDS IN MARION COUNTY ARE  UNHARVESTED AND FULL OF HARDLOCK COTTON... <WE HAD A COUPLE OF FIELDS LEFT BUT THEY WEREN'T WORTH PICKING,"> AND GROWERS LIKE NEAL BAXLEY CAN COUNT LOSS.  <"IT'S ANYWHERE FROM ZERO TO 800 POUNDS. WE'RE PROBABLY GOING  TO GET ABOUT HALF OF WHAT WE EXPECT. WE NORMALLY FIGURE ON A 900  POUND DRYLAND CROP AND WE PROBABLY WON'T EVEN GET THAT,"> HE SAYS SOYBEANS, CORN AND TOBACCO WEREN'T  IMPACTED AS MUCH IN HIS AREA. HOWEVER, COTTON  AND PEANUTS TOOK A HIT. .BAXLEY IS EXPECTING  YIELDS TO BE HALF OF HIS NORMAL VIRGINA PEANUT  CROP. <"IT'S SO DISAPPOINTING WITH THE PEANUTS. WE HAD SUCH A PROMMISING CROP,"BUYING STATIONS ARE SEEING IT TOO. SMALL YIELDS  ACROSS ALL TYPES OF PEANUTS.  <"IF YOU TAKE OUT LAST YEAR, THIS STATION WAS BUYING PRETTY MUCH 2  TONS TO THE ACRE, THIS YEAR, WE'RE GOING TO BUY 28 HUNDRED  POPUNDS TO THE ACRE. PRETTY SIGNIFICANT LOSS,"> <"HURRICANE MATTHEW IS JUST ONE CHALLENGE. FARMERS ARE FACING  TWO TOUGH GROWING SEASONS BACK TO BACK,"> 2015 BROUGHT A FROST, FREEZE, DROUGHT AND  FLOOD.  <"WE ESTIMATED A 40 PERCENT YIELD LOSS DUE TO THE DROUGHT ALONE."> <"EVERY CROP WE HAD, IF IT WASN'T WIPED OUT FROM THE DROUGHT, IT  WAS WIPED OUT BY THE FLOOD,"> SOME POCKETS RECEIVED ROUGHLY 20 INCHES OF  RAIN. OTHER AREA GOT ROUGHLY 40.  THOSE RAINS DIDN'T SHUT OFF UNTIL WELL INTO  DECEMBER OF 2015.  GROWERS SAY *THIS YEAR* THE RAINS STOPPED AFTER  THE HURRICANE- CREATING A BETTER YEAR WITH LESS  UNHARVESTED ACRES. BUT THE TWO YEARS COMBINED  ARE PUTTING A STRAIN ON GROWERS.  <"IN ORDER TO BE ABLE TO WORK WITH CUSTOMERS, WE HAD TO LOOK AT  EVERY LOAN, AND MAKE SOUND CREDIT CONDITIONS TOMAKE THE  FARMERS GOING AGAIN FOR ANOTHER YEAR,"> <"I'M WORRIED A LOT OF GUYS BURNS THROUGH A LOT OF THEIR EQUITY AND  WORKING CAPITAL. THEY NEED TO GET THINGS GOING TO GET '17  STARTED,"> THAT'S WHY FARMERS SAY NEXT YEAR NEEDS TO BE A  PROFITABLE ONE.  <"GOING INTO '17, IF WE HAVE ANOTHER  DISASTER, I THINK WE'LL SEE THE PLAN OF ACTION WILL BE SELL ASSETS IN AN EFFORT TO CONTINUE FARMING OR PAYOUT AND GO FORWARD,"> REGARDLESS OF THE CHALLENGES, FARMERS HERE  ARE PRESSING FORWARD....  <"WE'RE OPTIMISTIC. NEXT YEAR WILL BE BETTER,"> STEPPING EVER CLOSER TO A NEW SEASON AND A  FRESH START.  REPORTING IN MARION COUNTY, SOUTH CAROLINA, I'M  BETSY JIBBEN. THANKS BETSY.  ATKINSON THE PEANUT BUYING STATION IS  EXPERIENCING ROUGHLY 38 PERCENT LOSS OF PEANUT  VOLUME THIS YEAR FROM EXPECTED YIELD. IT WAS ROUGHLY 20 PERCENT LOSS OF VOLUME LAST  YEAR.

TEASE
UP NEXT, JOHN PHIPPS U.S. FARM REPORT IS BROUGH TO YOU BY KIBOTA'S M7 SERIES. LEARN MORE ABOUT THE LARVEST TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM.

CUSTOMER SUPPORT
JOHN'S COMMENTARY ABOUT LEDS STRUCK A CHORD  WITH ONE VIEWER. HE HAS MORE IN CUSTOMER  SUPPORT.  ROBERT ALEXANDER FROM ELBERT COUNTY, COLORADO WAS UPSET BY  MY EXCITEMENT OVER LED'S - LIGHT-EMITTING-DIODES: "MY FAVORITE LIBERAL ELITIST STRIKES AGAIN!  WHAT WOULD WE DO  WITHOUT YOU POINTING OUT OUR DEPLORABLE IGNORANCE AND STUPIDLY?  YOUR CONDESCENDING LECTURE INFORMING US OF THE BENEFITS OF LED  LIGHTING BROUGHT YOUR ARROGANCE TO A WHOLE NEW LEVEL. FYI, PEOPLE IN AGRICULTURE ARE, FOR THE MOST PART, EDUCATED, HARD  WORKING, ETHICAL, LOGICAL AND TEND TO LEAN AWAY FROM IDEALISM.  JUST BECAUSE WE MIGHT DISAGREE WITH YOUR PREDICTABLE RHETORIC,  DON'T THINK WE'RE STUPID.  IN FACT, I BELIEVE THAT MOST OF US WHO,  UNLIKE YOU, DON'T SIMPLY REGURGITATE THE LIBERAL EDUCATION WE  WERE FORCED TO SIT THROUGH, ARE SOME OF THE MOST INTELLIGENT FOLKS  AROUND UTILIZING LOGIC, REASON AND FREE THOUGHT." THANKS FOR YOUR FEEDBACK, ROBERT AND IF YOU WANT A MUG, SEND  ME AN ADDRESS. IT'S BEEN NEARLY FIFTY YEARS SINCE I GRADUATED, BUT  THIS IS THE FIRST TIME MY DEGREE IN CHEMICAL ENGINEERING FROM  ROSE-HULMAN INSTITUTE IN TERRE HAUTE, INDIANA HAS BEEN  DESCRIBED AS LIBERAL AND ELITIST. BUT THAT TERM HAS BECOME KIND OF  A CODEWORD, MORE THAN A LITERAL DESCRIPTION. I DO UNDERSTAND HOW  MY ENTHUSIASM OVER NEW TECHNOLOGIES CAN GET ON PEOPLE'S  NERVES - MY FRIENDS FREQUENTLY ROLL THEIR EYES AS I BLITHER ON ABOUT  NEW INVENTIONS OR DISCOVERIES. MY POINT WAS THAT NEW  TECHNOLOGIES LIKE LED'S, REGARDLESS OF HOW MUCH THEY ADVANCE  OUR LIVES, USUALLY GO THROUGH A CONTROVERSIAL ADOPTION PHASE, BUT  PERHAPS THAT WAS OLD NEWS TO MOST OF YOU. BY ODD COINCIDENCE, YOUR EMAIL ARRIVED A FEW DAYS BEFORE MY  BIRTHDAY, AND YOU'RE GOING TO LOVE WHAT MY ENGINEER SON AND  ENGINEER DAUGHTER-IN-LAW GOT ME. TA-DAA! A REMOTE-CONTROLLED  LED LIGHT BULB. NOT ONLY CAN YOU TURN IT ON AND OFF, AND DIM IT  FROM WITH THE REMOTE - YOU CAN CHANGE THE COLORS. HOW COOL IS THAT?  TECHNOLOGY. AMAZIN. IF YOU HAVE QUESTIONS OR COMMENTS, JUST EMAIL  THOSE TO US OR POST IT ON FACEBOOK OR TWITTER. ALSO, MY COMMENTARY LAST WEEK SPARKED QUITE  THE RESPONSE FROM VIEWERS. I'LL READ SOME OF  THOSE NEXT WEEK. 

TEASE
NEXT UP, TIS THE SEASON FOR PIE. NEXT, ANDREW  MCCREA <U.S. FARM REPORT IS BROUGH TTO YOU BY FARMERS'S EDGE. FOR THE LATEST IN MAKING SENSE OF YOUR DATA, VISIT GROWYOURRETURNS.COM>

AMERICAN COUNTRYSIDE
AS THE OLD ADAGE GOES - 'WHEN LIFE GIVES YOU  LEMONS,  MAKE LEMONADE.' MARY HOSTETTER TOOK THE MESSAGE TO HEART...BUT  WITH APPLES. ANDREW MCCREA IS TOURING THE AMERICAN  COUNTRYSIDE AND HAS THE STORY. (   1983 WAS A DIFFICULT YEAR FOR MARY HOSTETTER.  SHE WENT  THROUGH A SUDDEN DIVORCE AND FOUND HERSELF NEEDING TO PROVIDE  FOR HER TWO VERY YOUNG DAUGHTERS.  SHE HOPED TO FIND A WAY TO  WORK FROM HOME. (I THOUGHT IF I COULD JUST STAY AT HOME AND BAKE COOKIES AND  BAKE PIES AND THINGS LIKE THAT FOR PEOPLE I MAYBE I COULD MAKE  ENOUGH MONEY TO STAY IN OUR HOUSE   ON  SCREEN: "MARY HOSTETTER, OWNDER BLUE OWL RESTAURANT AND BAKERY, KIMMSWICK, MISSOURI"  SHE BEGAN TO GO TO CRAFT SHOWS AND SELL HER COOKIES, PASTRIES  AND PIES.  PEOPLE COULD BUY ITEMS ON THE SPOT BUT ALSO PLACE  ORDERS FOR FUTURE EVENTS AND THE HOLIDAYS. (BY THE CRISTMAS OF 1984 I HAD ORDERS FOR OVER 30,00 CHRISTMAS  COOKIES THAT HAD TO MADE IN MY HOME :08) 3:38 #8933 AFTER THE CHRISTMAS OF 1984 SHE FOUND A LOCATION IN KIMMSWICK,  MO, ALONG THE BANKS OF THE MISSISSIPPI RIVER WHERE SHE COULD  OPEN A RESTAURANT AND BAKERY.  SHE QUICKLY BECAME KNOWN FOR  HER AMAZING PIES. WE NEED TO PUT IN ONE OF THE "ACTION" SHOTS OF  HER SHOWING US THE PECAN PIE HERE AND TELLING  US WHAT'S IN IT AND HOW MANY POUNDS OF PECANS. THE SHOWCASE OF PIES WAS BRINGING IN QUITE A CROWD.   BUT THEN  IN THE SUMMER OF 1993, RAINS TURNED INTO A DELUGE HERE, AND  THROUGHOUT THE MIDWEST.  THE BLUE OWL'S LOCATION ALONG THE RIVER  WAS SUDDENLY IN THE PATH OF A 500-YEAR FLOOD.  SHOW THE  RAINDROPS AND PUDDLE WE SHOT – DO WE ALSO HAVE  A RIVER SHOT? (WE HAD TIME TO BUILD A LEVEE.  THE LEVEE WAS BUILT TO WITHSTAND  A 50 FOOT CREST.  IT TOOK WEEKS TO BUILD THAT LEVEE AND MAKE IT  STRONG ENOUGH THE WATER ROSE TO 49.9 FEET.  THE 50 FOOT LEVEE HELD AND THE  TOWN AND BLUE OWL WAS SAVED.  SHE WANTED TO DO SOMETHING TO  SAY THANKS TO THOSE WHO HAD VOLUNTEERED TO SAVE THE TOWN'S  HOMES AND BUSINESSES. (WE DECIDED IF WE COULD BUILD A PIE THAT RESEMBLED THE LEVEE  THAT SAVED THE TOWN OF KIMMSWICK, MAYBE THAT WOULD BE  SOMETHING REALLY POSITIVE FOR PEOPLE TO ENJOY 34 THE LEVEE HIGH APPLIE PIE AS IT BECAME KNOWN REALLY STOOD OUT IN  THE DISPLAY CASE…AND CUASED SOME CONFUSIOIN AS WELL.  PEOPLE  THOUGHT THEY WERE PUMPING AIR INTO THE CRUSTS, OR PERHAPS JUST  STACKING WHOLE APPLES INSIDE.  IT WAS ACTUALLY A MARVEL OF  DESSERT ARCHITECTURE.   (THE APPLES FOR THE BIG PIE, 18 APPLES, WERE HAND PEELED AND  SLICED AT THAT TIME.  THEY WERE EACH HAND PLACED HAT'S RIGHT, 18 FULL APPLES SLICED AND HAND PLACED INTO ONE PIE  THAT CAN REACH 8 INCHES TALL.  QUITE IMPRESSIVE…AND THEN A  CARMEL TOPPING WAS ADDED TO THE OUTSIDE TO RESEMBLE THE ROCKS  AND SANBBAGS THAT TOPPED THE LEVEE.  THIS PIE IS SO FAMOUS,  PEOPLE COME HERE FIRST TO PHOTOGRAPH IT…THEN TO EAT IT…AND  STUDY AND TRY A MULTITUDE OF OTHER CHOICES.  BETWEEN  THANKSGIVING AND CHRISTMAS PEOPLE COME HERE TO ENJOY A  DESSERT AND THEN BUY PIES TO SEND TO OTHERS.  BE SURE TO USE  THE FOOTAGE OF SOMEONE TAKING A PHOT WITH  THEIR PHONE (WE SHIP SO MANY APPLE PIES ALL OVER THE UNITED STATES AND WE  PROBABLY MAKE MORE APPLE PIES THAN ANY OTHER PIE.  PEOPLE HAVE SEEN ALL OF THE HITS THAT WE'VE GOTTEN AND THEY'VE SEEN US  ON A LOT OF DIFFERENT SHOWS AND THEY COME FROM ALL OVER THE WORLD  WHICH AMAZED ME THEY SAY THAT EVERY LEVEE HIGH APPLE PIE HAS 18 APPLES.THAT MEANS THAT THIS PIECE HAS OVER 2 APPLES. SO INSTEAD OF DESERT THIS IS PROBABLE JUST A GOOD HEALTHY MEAL. TRAVELING THE COUNTRYSIDE IN KIMMSWICK MISSOURI I’M ANDREW MCCREA.THAT MADE ME HUNGRY. YOU CAN HEAR MORE OF ANDREW'S STORIES BY  DOWNLOADING THE FARM JOURNAL TV APP.

TEASE
WHEN WE COME BACK, MACHINERY PETE HAS THIS  WEEK'S TRACTOR TALES. "FARM JOURNAL TV IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  THE BEST NEWS, MARKET ANALYSIS AND STORIES FROM RURAL AMERICA IS NOW IN YOUR HANDS.  WATCH IT ON YOUR PHONE, TABLET OR DESKTOP.  ANYWHERE, ANYTIME.  DOWNLOAD THE APP TODAY."

TRACTOR TALES
TRACTOR TALES BROUGHT TO YOU BY MACHINERY PETE, THE MOST TRUSTED NAME IN FARM EQUIPMENT. WELCOME BACK TO TRACTOR TALES FOLKS!  THIS WEEK WE'VE GOT A  4010 WHEATLAND THAT DOES JUST ABOUT EVERYTHING ON A SMALL FARM  IN MICHIGAN. THIS TRACTOR CAME OUT OF THE FIELDS IN NORTH DAKOTA TO HELP OUT  THIS FARMER IN SOUTH CENTRAL MICHIGAN.  HE SAYS ONCE THEY GOT  THIS ON HIS FARM, IT WENT RIGHT TO WORK.  TODAY, IT NEEDS A LITTLE TLC,  BUT STILL GETS THE JOB DONE. THEY CAME FROM NORTH DAKOTA AND NEIGHBOR BOUGHT IT AND THEN  HE DIDN'T NEED IT SO HE SOLD IT TO ME AND MY DAD RETIRED THAT OLD B RETIRED THAT REAL GOOD BECAUSE WE'D RATHER DRIVE THIS FORTY TEN  THAN THAT D A LOT MORE POWER AND IT WAS THE FIRST SIX CYCLINDER THAT WE EVER OWNED ON THIS FARM WE WERE USING IT TO HAUL MANUAR PICK CORN  PLANT CORN PLOW FIT THE FIELDS AND IT WAS DOING ABOUT EVERYTHING IT  WAS KIND OF MY TRACTOR THEN I GOT OLDER I HAD THE TAKEOVER PLAN AND DAD HAD TO GO TO FITTIN FIELDS BECAUSE OF THE HANDLE ALL THE  FERTILIZER AND STUFF WHEN WE'RE PLANTING AT FIRST HE SAID WHILE YOU COME GET ME AND I KNOW I COME GET YOU AND YOU STOP IN HELPME FILL UP AND I SAID NO I'LL YOU THIS I I'VE I RUN THE CORN PLANTER YOU FIT THE FIELDS EARN AT THE TIME I  THOUGHT IT WAS A CRIME WOULD THAT WOULD ALWAYS TELL ME GO TO THE  HEADLANDS AND GO AROUND OUTSIDE THE FIELD A FEW TIMES THEN I  COME OUT AND DO IT I THOUGHT THAT WAS BAD BUT ONCE ONCE DAD WAS GONE I'D GIVE ANYTHING FOR HIM TO DO THAT AGAIN GOT  A REAL GET THE ENGINE REDONE THAT'S THE MAIN THING SO START BETTER  THAN WHAT IT DID ITS GOT THE MICKY MOUSE FENDERS ON IT, THAT'S WHAT WE ALWAYS  CALLED THEM BUT THEY'RE MORE COMFORTABLE TO SIT ON THAN THE OTHER  ONES THE ONLY DRAW BACK WITH THE WHEAT LAND WAS IS THAT THEY HAVE NO  THREE POINT HITCH IS JUST GO JUST GOT A DRAW BARAND PTO AND THATS IT THAT THAT HURT US A LITTLE BIT  WHEN WE WANTED TO CULTIVATE  CORN THEN WE HAD TO USE THE OTHER  TRACTOR BUT AFTER AWHILE YOU GET OVER THAT THANKS, GREG.

COUNTRY CHURCH SALUTE
TODAY'S COUNTRY CHURCH SALUTE GOES TO SAINT  MARY'S CHURCH IN FREDRICKSBURG, TEXAS. STARTED  BY GREMAN IMMIGRATNS IN 1846, IT'S BEEN A STAPLE IN  THE COMMUNITY FOR 170 YEARS. IF YOU'RE EVER INFREDRICKSBURG, STOP BY FOR A TOUR, AS ITS BEEN ON THE NATIONAL REGISTER OF HISTORIC PLACES  SINCE 1983.    AS ALWAYS WE WANT TO LEARN ABOUT YOUR HOME  CHURCH AS WELL... SALUTES CAN BE SENT TO THE  ADDRESS ON THE SCREEN. 

TEASE
STAY WITH US - FROM THE  FARM IS NEXT.  ENTER FOR YOUR CHANCE TO WIN TWO REGISTRATIONS TO THE TOP PRODUCER SEMINAR-- JANUARY 24TH THROUGH THE 27TH IN CHICAGO. PACKAGE INCLUDES A THREE NIGHT STAY PLUS A TWO HUNDRED DOLLAR VISA GIFT CARD. GO TO TOPPRODUCERSEMINAR.COM/SWEEPSTAKES.

FROM THE FARM
SOME OF OUR VIEWERS SAW SNOW, EVEN A BLIZZARD THIS WEEK. TAKE A LOOK AT THIS PHOTO FROM KIDDER COUNTY,  NORTH DAKOTA. IT MAY BE DIFFICULT TO SEE BUT  THAT'S THE HEAD OF A SIMMENTAL <SIM-IN-TALL>  CROSS STICKING OUT OF THE SNOW. FARMER DAVID  REMMICK USED A PAYLOADER TO DIG A 70-FOOT  TRENCH TO CUT THROUGH EIGHT FOOT DRIFTS TO  RESCUE THE ANIMAL. THAT PART OF THE STATE HAS RECIVED TWO FEET OF  SNOW OVER THE PAST TWO WEEKS. THEY TELL US THIS  COW IS 10 YEARS OLD AND THANKFULLY, THE COW IS  FINE AFTER HE DUG IT OUT WITH A PAYLOADER.  CHECK OUT THIS PICTURE HEATH CAPTURED IN  CHESAPEAKE VIRGINIA. IT'S AN F18 FIGHTER JET AND A  CAE COMBINE, HARVEST SOYBEANS LAST MONTH.  JACOB SAYS WELCOME TO MICHIGAN. HE WAS DOING  FIELD WORK THIS WEEK, AND APPARENTLY MOTHER  NATURE IS GETTING HIM IN THE MOOD FOR CHRISTMAS.    AS ALWAYS, WE WANT TO HEAR FROM YOU, SEND  COMMENTS TO MAILBAG-AT-U-S-FARM-REPORT-DOT- COM OR CHECK US OUT ON FACEBOOK AND TWITTER.

CLOSE
FOR ALL OF US AT U.S. FARM REPORT,  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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