USFR Weekly Recap - May 13-14, 2017

May 13, 2017 03:30 AM
 
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TODAY ON U.S. FARM REPORT
MAY 13-14, 2017


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 MINITES.  USDA GIVES ITS FIRST GLIMPSE INTO 2017 CROP YEAR  PROJECTIONS.<THE BIGGEST SURPRISE IS EXPORTS> AND WE HAVE AN ALL-MOMS ROUNDTABLE THIS   MOTHER'S DAY WEEKEND TO BREAK IT ALL DOWN.   USDA SEEING A MAJOR REORG. WE'LL TELL YOU WHY IT  PUTS EVEN MORE FOCUS ON TRADE. IS RENEGOTIATING NAFTA A BAD THING? < I WORRY THAT WE'RE GONNA LOSE SOME OF THE EXPORTS THAT WE ALREADY HAVE> WE'LL TELL YOU WHY THE TALKS OF NAFTA ARE  CREATING MIXED EMOTIONS IN AG.  AND IN JOHN'S WORLD.. <SOYBEANS IN SASKATCHEWAN, WAIT, WHAT???> <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 PROVIDING THE FIRST GLIMPSE OF IT'S 2017 AND 2018 SUPPLY AND DEMAND PROJECTIONS,  PAINTING A BULLISH PICTURE FOR BOTH CORN AND  WHEAT.   USDA ESTIMATES THE 2017 U.S. CORN CROP COULD  REACH 170.7 BU. PER ACRE, WHICH WOULD BE THE  THIRD HIGHEST YIELD ON RECORD.  BASED ON WEATHER ADJUSTED TRENDS AND  ASSUMING NORMAL PLANTING PROGRESS AND SUMMER  WEATHER, THAT NUMBER IS OFF ROM 2016'S RECORD  OF  174.6 BU. PER ACRE. ON 90 MILLION ACRES, THAT PUTS PRODUCTION AT JUST  ABOVE 14 BILLION BUSHELS. FOR SOYBEANS, USDA PEGGING YIELD AT 48 BUSHELS  PER ACRE. AND ON A RECORD NUMBER OF ACRES, IT  PUTS PRODUCTION AT 4 POINT 2 BILLION BUSHELS.   BUT A DROP IN WHEAT ACRES COULD REALLY EAT INTO  SUPPLIES. USDA PEGS YIELD AT  47 BUSHELS TO THE ACRE, AND PRODUCTION AT 1  POINT 8 BILLION BUSHELS. PURDUE ECONOMIST CHRIS HURT SAYS IT'S THAT  REDUCTION IN BOTH WHEAT AND CORN ACRES THAT'S  CARRYING OVER INTO USDA'S LOWER STOCKS  <AS WE LOOK AT HTE CORN, WE HAD A STOCKS TO USE RATIO AT OVER 16  PERCENT. WER'E GOING TO DROP THAT SOMEHWAT DOWN TO AROUDN 15  PERCENT ACCORDING TO USDA WITH THE NEW 17 CROP. BUT THAT'S NOT A  LOT OF IMRPOVEMENT ON PRICE. USDA SAYS CORN PRICES WHICH  AVERAGED AROUND 3.40 CENTS A BUSHEL FOR HTE 16 CROP, WILL BE  3.40 CENTS FOR THE 17 CROP. NOW I THINK THAT MAY BE A LITTLE  PESSIMISTIC, MY EXPECTATION IS THAT IT WILL BE A LITTLE BIT HIGHER> USDA THINKS THE BIGGEST PRICE JUMP WILL BE IN  WHEAT, WITH STOCKS DROPPING FROM 52 PERCENT TO  42 PERCENT NEXT YEAR.    ACCORDING TO USDA, THE 2017/18 U.S. COTTON CROP  COULD TOP 19 MILLION BALES. THAT WOULD BE A "SHARP INCREASE" IN NEXT  SEASON'S ENDING STOCKS.  HOWEVER, THE EXPORT FORECAST IS SET TO INCREASE  ON HIGHER-THAN-EXPECTED EXPORT SALES. THE AGENCY EXPECTING BEEF PRODUCTION TO SEE A 2  POINT 3 PERCENT BUMP, AND PORK PRODUCTION TO  RISE BY 3 POINT 3 PERCENT. BUT STRONG DEMAND COULD OFFSET THAT GROWTH,  AS THE AGENCY DOESN'T EXPECT THE IMPRESSIVE  EXPORT PACE TO SLOW DOWN. USDA RAISING ITS 2017 BEEF EXPORT FORECAST TO 2  POINT 8 BILLION POUNDS, WHICH WOULD BE A 10  PERCENT JUMP FROM LAST YEAR. AND USDA THINKS  2018 COULD BRING ANOTHER SLIGHT BUMP, WITH  EXPORTS UP 1 PERCENTAGE POINT.

STERLING PROFIT TRACKER
THE STERLING PROFIT TRACKER SHOWING IMPRESSIVE  GAINS FOR FEEDYARDS LAST WEEK. ACCORDING TO  OUR PARTNERS AT DROVERS, FEEDYARD PROFITS HIT  589 DOLLARS PER HEAD. THAT'S A RUN OF 98 DOLLARS  IN ONE WEEK, LARGELY ELEVATED BY A RALLY IN CASH  CATTLE PRICES. TODAY'S PICTURE IS A COMPLETE 180 FROM THE FALL  OF 2015.  <"WERE GETTING SOME OF THAT EQUITY BACK. IT STARTED THE TAIL END OF  2016 AND IT'S CARRIED OVER INTO THIS YEAR. AND THINGS CURRENTLY ARE  ABOUT AS GOOD AS IT GETS IN THE CATTLE FEEDING BUSINESS.> MOORHOUSE ALSO SAYING FEEDYARDS ARE  PULLING CATTLE UP GREENER SINCE THE BASIS IS SO  ENTICING. AND WITH LIGHTER CARCASS WEIGHTS,  THAT'S ALSO HELPING THE PRICE MOMENTUM TODAY. 

BEEF EXPORTS TO CHINA HAS SET DATE
BEEF EXPORTS TO CHINA COULD HAPPEN NO LATER  THAN JULY 16TH. THAT'S THE DEADLINE BOTH CHINA AND U-S AGREED ON  AND THE FIRST TANGIBLE STEPS AFTER TRADE TALKS  BETWEEN THE COUNTRY'S PRESIDENTS LAST MONTH.   JUST THIS WEEK, U-S COMMERCE SECRETARY WILBER  ROSS SAYING U-S WILL EXPAND TRADE OF BOTH BEEF  AND CHICKEN TO CHINA, AS WELL AS INCREASE  FINANCIAL FIRMS.  U-S SAYS IT WILL ALSO ISSUE A PROPOSED RULE BY MID  JULY TO ALLOW CHINESE COOKED POULTRY INTO THE U- S.  ALSO THIS WEEK, THE SENATE CONFIRMING ROBERT  LIGHTHIZER AS U-S TRADE REPRESENTATIVE. IN A VOTE OF 82 TO 14, THE SENATE FILLING A KEY SPOT  FOR THE TRUMP ADMINISTRATION IN HELPING THE  PRESIDENT CARRY OUT HIS TRADE AGENDA.

WEATHER
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH WEATHER...MIKE, I FEEL  LIKE A BROKEN RECORD... OUR VIEWERS SAW MORE  RAIN THIS WEEK.  THANKS TYNE. OBVIOUSLY IT 'S GONNA RAIN IN PARTS OF THE LOWER  FORTY EIGHT IS WE HAVE THROUGH THE SWING. BUT I LEARNED A LOT OF  THE AREA IS GOING TO SAY A DRIER WEATHER PATTERN OVER ALL  ESPECIALLY EAST OF THE MISSISSIPPI. BUT WE'LL TALK MORE ABOUT THAT COMING UP. WE'VE REALLY SHOVE THE DROUGHT AREAS DOWN IN THE  MOST OF THE SOUTHEAST COUPLE OF SPOTS IN THE SOUTHERN PLAINS IN  THE SOUTHWEST BUT BACK A MONTH AGO YOU CAN SEE HOW THERE WAS STILL SOME FROM OKLAHOMA INTO A PART  OF NORTHERN GEORGIA WESTERN CAROLINAS. BUT ALL OVER THE LAST  MONTH  WE WITTLED THAT AREA DOWN LITTLE BY LITTLE BUT THE WORST AREAS  CONTINUE TO BE SOUTHERN GEORGIA AND SOUTHERN FLORIDA RIGHT NOW  AS FAR AS THE DROUGHT MONITOR IS CONCERNED. SO HERE 'S THE  FORECAST OF THREE HAD THROUGH A DAY BY DAY THIS WEEK IS GOING TO  BE A COUPLE OF LOW PRESSURE SYSTEMS COMING IN FROM THE WEST VERY SLOW MOVERS WITH THIS HUGE DOME OF HIGH PRESSURE CENTER  OVER THE SOUTHEAST L A SHALL BE IN EVERYTHING WEST AND NORTH OF IT  SO IT 'S GOING TO STAY DRY LOOKS LIKE THERE THIS ENTIRE WEEK FOR MOST OF  IT ANYWAY FOR THE SOUTHEASTERN PORTIONS OF THE COUNTRY SO IT LOOKS  LIKE AS WE START THE WEEK. SHOWERS AND THUNDERSTORMS FOR WESTERN PLAINS AND EASTERN ROCKIES WITH RAIN AND EVEN SOME  MOUNTAIN SNOW INTO THE PACIFIC NORTHWEST. SOME LINGERING  SHOWERS IN THE NORTHEAST AS WE HEAD TOWARD WEDNESDAY THEN AT  FIRST JUST IN TRYING TO COME MACY 'S WILL BE SCATTERED SHOWERS AND  THUNDERSTORMS ALSO SEE WIDESPREAD RAIN HERE BUT IT COULD BE  MORE WIDESPREAD. THE WESTERN GREAT LAKES AIR SCATTERED SHOWERS  OVER IN THE MAIN   RAIN AND A LITTLE BIT OF MOUNTAIN SNOW OUT WEST BY FRIDAY. THEN THAT  FIRST SYSTEM DOES FINALLY GO SCOOTING THROUGH THE NORTHERN TIER  STATES OVER THREE NEW ENGLAND  THEN THAT FRONT STALLS OUT THESE TWO SYSTEMS PRISON SHOWERS AND  THUNDERSTORMS MORE IN THE MIDDLE OF THE COUNTRY BY NEXT FRIDAY  WILL BE BACK IN OUR NEXT HALF OUR WITH A LONGER RANGE OUTLOOK THANKS, MIKE.

TEASE
WELL, IN HONOR OF MOTHER'S DAY WEEKEND, WE'RE  HOSTING AN ALL MOMS MARKETING PANEL THIS WEEK.  NAOMI BLOHM AND ANGIE SETZER JOIN ME NEXT.

ROUNDTABLE 1
WELCOME BACK. HIS MOTHER 'S DAY WEEKEND. AS PROMISED AND ALL MOMS A ROUND TABLE HERE THIS WEEKEND. WE HAVE NAOMI BLUME AND ANGIE SETZER. LET 'S JUMP RIGHT INTO THE USDA REPORT. WE SAW THIS WEEK. WHAT WAS THE BIGGEST SURPRISE FOR YOU NAOMI. I WAS REALLY THANKFUL TO SEE THAT THE EXPORTS CAME HIGHERFOR SOYBEANS. I THINK THAT WAS LONG OVERDUE. SO THAT WAS A NICE DRAW DOWN FOR THE ENDING STOCKS FOR THE OLD CROP CONTRACTS. I THINK THAT GIVES THE MARKET A LITTLE BIT OF SUPPORT RIGHT NOW AND THEN I AM GOING INTO IT BEYOND THAT. IT DIDN'T REALLY SURPRISE ME TOO MUCH. THE USDA USUALLY USES JUST A TREND LINE YIELDS TO START IN THE MAY REPORT.IT WAS THE LOW. BUT WHAT I WAS EXPECTING AND OF COURSE GOING FORWARD FROM HERE DEPENDS ON WHETHER. BUT I WAS HAPPY AGAIN TO SEE THE EXPORTS THAT GO UP FOR THE SOYBEANS. ANGIE, BIGGEST SURPRISE FOR YOU???FOR ME THE DRAW DOWN IN GLOBAL ENDING STOCKS FOR THE SEVENTEEN EIGHTEEN FOR THE NEW CROP YEAR. SO I WAS REALLY KIND OF SURPRISED BY THAT. THE BIG THING IS WE KEEP HAVING THIS ARGUMENT OR THIS DISCUSSION OVER HOW MUCH CORN CHINA HAS AND THERE HAS BEEN SOME TALK FLOATING AROUND THAT THEY HAVE UPWARDS OF TWO HUNDRED MILLION METRIC TON WHICH IS DOUBLEWHAT THE USDA HAS BEEN SAYING AT THE HUNDRED AND ONE OR SO WAS IS WHAT THEY'RE FORECASTING FOR THE END OF THIS YEAR. SO TO SEE THE USDA TO TAKE OUT TWENTY MILLION METRIC TON OR ALMOST EIGHT HUNDRED MILLION BUSHEL FROM THEIR EXPECTATIONS AND CARRY OUT NEXT YEAR, TO ME WAS A SIGN HOPEFULLY OF THINGS TO COME. AN INDICATION THAT CHINA IS GOING TO STARTED TO TAP INTO WHAT THEY HAVE RESERVE WISE. AND ALSO SHOWS ME THAT THE USDA 'S NOT AFRAID TO MAYBE GET A LITTLE BIT MORE HONEST ABOUT WHAT 'S GOING ON OVER THERE. PERHAPS IF ON THE IDEA THAT WERE DROWNING IN GLOBAL SUPPLIES. WHEN CHINA HAS BEEN HOLDING ONNEARLY HALF OF THEM OVER THE LAST COUPLE YEARS ANYWAY. AREA AND AND THEY ONLY YOU MENTIONED ON SOYBEAN EXPORTS AND HOW DO YOU THINK WE CAN CONTINUE ON THE STRONG PACE THAT WE'VE BEEN ON DO YOU THINK THIS HOLDS???? I DO ACTUALLY I REALLY DO. AND THE THING WITH SOYBEANS AND SOYBEAN MEAL DEMAND, I THINK THEY'RE GONNA BOTH CONTINUE TO SEE THOSE GROW. AND BE SUPPORTIVE AND STRONG GOING FORWARD WITH CHINA. THEY'RE THERE ALREADY CONTINUING TO IMPROVE AND INCREASE WHAT THEY'RE IMPORTING FOR SOYBEANS. FOR SOYBEAN MEAL. THERE NOT BY DDG'S FROM US ANYMORE SO THEY NEED THE MEAL FOR FEED. SO YOU'RE GONNA SEE THE SOYBEAN MEAL THE SOYBEAN DEMAND GET STRONGER AND WITH THE SOYBEAN MEAL. THERE 'S TALK AGAIN FROM ARGENTINA THAT WE'RE GOING TO BE PUTTING SOME HEFTY TARIFFS ON BIODIESEL IMPORTS.AND SO WHAT THAT WOULD MEAN IS THAT WE'RE NOT BRINGING IN AS MUCH BIO DIESEL. SO HEY MAYBE WE'RE GONNA FINALLY UP OUR USAGE HERE OF WHAT WE'RE ACTUALLY PRODUCING AS WELL. SO I'M VERY FAVORABLE TO EXPORTS FOR SOYBEANS AND SOYBEAN MEAL. BUTLOOKING AT THIS THIS COMING YEAR AND GNN. USDA PROJECTING ALREADY PRICE AND YIELD AND I KNOW THEY USE KIND OF THAT. THE TREND LINE YIELD OR HOW MUCH STOCK WE PUT INTO THAT ALREADY MENTIONED. WE EVEN PAY ATTENTION TO THE PRICES. THE USDA 'S THROWING AT US AT ALL???THE WAY I LOOK AT IS IT 'S A SKELETON. SO AS THE YEAR PROGRESSES, BASICALLY THE MARCH INTENTIONS IN THE ACREAGE IS WHAT YOU GET IS THAT THE FIRST ESTABLISHED SKELETON, OR THE BONES. INTHIS REPORT PUTS LITTLE BIT MORE FLESH ON THE THE BONES THAT WE HAVE. AND JUST KIND OF HAVE A BE A GUIDE AS TO WHAT TO EXPECT. BUT DON'T HAVE IT BE THE ONLY DIRECTION BECAUSE OF COURSE WE HAVE SO MUCH GROWING SEASON TO PLAY THROUGH YET.WELL THEY DIDN'T PUT MUCH AT AN UPWARD TREND ON CORN PRICES. WE ARE GONNA SEE I COULD SEE A PRETTY BIG BUMP ON WHEAT PRICES. ACCORDING TO USDA AND IN THERE PRETTY BEARISH ON SOYBEAN PRICES AND THAT KIND OF HOLD TRUE TO YOUR THOUGHTS RIGHT NOW????  THAT THING IS ONE SCENARIO THAT COULD UNFOLD. I'M A LITTLE BIT LEANING MORE TO THE FRIENDLY SIDE OF THINGS BECAUSE OF THE SOYBEAN DEMAND THAT WE HAVE. AND WITH ALL THE AGRONOMY MEETINGS THAT I WENT TO THIS WINTER, AND THE LONGER YOU'RE GETTING YOUR CROP INTO THE GROUND, YOU'RE JUST NOT ABLE TO ACHIEVE THOSE ABOVETRENDLINE YIELDS. SO I THINK WE ARE APPROPRIATE AT A TREND LINE AND WE'LL SEE FROM HERE. IT 'S PROBABLY I GET A LITTLE BIT SMALLER JUST DEPENDING ON HOW THE SEASON GOES. AND WAS BEGINNING THE SEASON LOOKING AT THE WHEAT CROP, MEAN IT SEEMS LIKE WITH USDA OFFICIALS WHEN THEY WERE ASSESSING THE CROP OF IT WAS BEFORE THAT THAT LATE SPRING SNOWSTORM HIT. AND SO WE REALLY DON'T KNOW THE EXTENT OF THAT DAMAGE AIR AND THIS REPORT DID NOT INDICATE THE EXTENT OF THAT DAMAGE???CORRECT NO USE. ALTHOUGH THE WINTER WHEAT HARVESTED PERCENTAGE IS ABOUT EIGHTY FOUR PERCENT, EIGHTY THREE POINT SEVEN GIVE OR TAKE. THAT 'S A LITTLE BIT LOWER THAN WHERE WE'VE SEEN THE LAST COUPLE YEARS .AND THERE 'S BEEN A DISCUSSION IN THE THE MARKET STRUCTURE RIGHT NOW AS TO WHETHER OR NOT THAT ABANDONMENT NUMBER IS TOO HIGH.I PERSONALLY DON'T THINK IT IS. IT WAS JUST TWO YEARS AGO. OUR IN THE THIRTEEN FOURTEEN CROP THAT WE'RE DOWN EIGHTY PERCENT HARVESTED. THE MARKET GETS A LITTLE BIT CONCERNED ABOUT FURTHER ABANDONMENT BECAUSE THE PLANTED ACRES ARE DOWN SO MUCH. BUT I I DO KNOW THAT THE USDA AND I ASKED SPECIFICALLY HOW THEY CAME UP WITH THEIR HARVESTED ACREAGE NUMBERS. AND THEY SAID WAS BASED OFF A SURVEY THAT THEY PUT OUT APRIL TWENTY FIFTH THROUGH MAY FOURTH OR FIFTH.SO IT REALLY WASN'T DONEA WEEK OR SO AFTER WHICH IS THE TRUE TIME THAT PEOPLE ARE GOING TO MAKE THE DECISION ON WHETHER OR NOT IT TO WALK AWAY FROM THAT KANSAS CROP THAT WAS DAMAGED BY SNOW. ALL RIGHT WELL NOW. THE MARKET IN THE TRADE'S FOCUS IS REALLY ON WHETHER WE'LL TALK ABOUT WEATHER AND PLANTING AND EVEN GET INTO THIS ME ME AND ALL THAT WE COME BACK ON. U S FARM REPORT

ROUNDTABLE 2
WELCOME BACK WELL NOW THAT WE HAVE THIS MAY WORK FOR BEHIND US. IT SEEMS LIKE THE GREATEST KIND OF FOCUSING ON ON ON WEATHER NOW. I'VE HEARD A LOT OF FRUSTRATIONS FROM VIEWERS. I MENTIONED LAST WEEK THE FRUSTRATED BECAUSE THEY'RE SAYING HEY MY CORRECT MY CROPS UNDERWATER. GET THIS MARKET IS NOT RESPONDING.WHY IS THE TRADE NOT RESPONDING TO THE EAST THE SOAKING WET WEATHER WE'VE BEEN EXPERIENCING THIS PAST. MONTH ????? YEAH. I THINK IT LOOKS BACK AT HISTORY TO SEETHAT EVEN IN YEARS WHERE WE WERE ONLY HALF PLANTED LIKE WE ARE THIS YEAR, GIVE IT ANOTHER FOUR WEEKS. THE CROP IS GETTING A PLANTED. YES THERE 'S GONNA BE SOME THAT NEEDS TO BE RE PLANTED ALONG THE WAY AND YES THOSE DROWNED OUT ACRES OF AND BE ACCOUNTED FOR. BUT RIGHT NOW THE MARKET IS ONLY CONCERNED THAT THE CROP IS GETTING IN THE GROUND AND GET PLANTED. AND THAT 'S CAN ASSUME THE BEST UNTIL PROVEN OTHERWISE. AND HISTORY TELLS US THATWE GET THE CROP IN THE GROUND. YOUR IN IOWA WILL PLANT IT 'S PROGRESSING PRETTY NICELY WHERE YOU ARE IN NORTHERN IOWA. HERE WE CAME ACROSS INTO HER TO SOUTH BEND AND I WAS REALLY SURPRISED WHEN SHE GOT SOUTH OF TWENTYAND ALONG I EIGHTY THAT THE LACK OF PROGRESS. BUT I SAY I AGREE WITH WHEN I ONLY HAD TO SAY . I THINK THE MARKET STRUCTURE FOR ONE. THE MOST RECENT WET WEATHER EVENT THAT WE HAD WAS IN TWENTY FIFTEEN. THAT YEAR WE PRODUCED A BRAND NEW RECORD CROP. BUT THERE WAS A VERY DIFFERENT YEAR. IN MY TRAVELS BACK AND FORTH BETWEEN IOWA AND MICHIGAN. I CAN TELL YOU IT WAS A VERY DIFFERENT YEAR ON BECAUSE THEY'RE HERE WE HAVE THE CROP IN THE GROUND EARLY AND HAD DECENT EMERGENCE AND SO A LOT OF TIMES THE TRADE THINKS OF WET WEATHER FOR EVERY ACRE THAT YOU'RE DAMAGING. THERE 'S TWO THAT ARE BENEFITING FROM THE MOISTURE. YOU CANNOT STAY THE SAME THING WHEN A THE SEED DOES NOT EVEN BEEN ABLE TO EMERGE BECAUSE OF COLD TEMPERATURES OR B HAS NOT EVEN BEEN PLANTED. SO YOU DO NOT THINK THAT THE LACK OF PLANTING PROGRESS IS PRICED IN IT RIGHT NOW??? THAT PLANTING PROGRESS AND SELF THE CROP WILL GET PLANTED THE QUESTION THAT I HAVE IS WHAT ABOUT THE LAST FIVE TO TEN PERCENT. NINETY PERCENT OF THE CROP BE PLANTED I THINK BY TWO WEEKS FROM NOW. WHICH I'VE HAD A LOT OF PEOPLE SAY THAT I'M CRAZY FOR THINKING THAT BUT YOU HAVE TO THINK ABOUT THE FACT THAT FIVE TO TEN PERCENT  OF NINETY MILLION ACRES IS A REASONABLY LARGE NUMBER THAT WE WOULD HAVE TO BE CONCERNED ABOUT BY THE END OF THE MONTH. AND THEN YOU START TO LOOK AT ARE WE GOING TO SEE PREVENTED PLANTINGS TAKEN AND ARE WE GOING TO SEE A SWITCH AND WHAT 'S GOING TO HAPPEN AT THAT POINT. WE HAVEN'T SEEN A LOT OF VOLATILITY IN THE CORN MARKET BUT WE CANNOT SAY THE SAME OF THIS CATTLE MARKET. MY GOODNESS I WAS JUST IN TEXAS THIS WEEK TALKED OF BEING YOUR LAST TIME I WAS THERE IN THE FALL OF TWENTY FIFTEEN, THEY WERE LOSING FIVE HUNDREDA HEAD THIS TIME THEY'RE MAKING THAT HER HEAD. I MEAN JUST IN THIS VOLATILE MARKET. BUT DO YOU THINK THESE CATTLE PRICES ARE TOO GOOD AT THIS POINT??? I THINK THAT WHERE THEY GOT TO, THEY HAD EVERY RIGHT AND REASON TO BE THERE BECAUSE THE DEMAND HAS JUST BEEN SO FANTASTIC DOMESTICALLY AND OUR EXPORT MARKET IS SO STRONG.  THE PACKERS WERE CAUGHT SHORT. AND SO THAT 'S WHERE THAT RECENT RUNUP IN PRICES CAME FROM.  HOWEVER NOW THAT WE GET INTO THIS TIME FRAME SOME OF THE MONTH OF JUNE NUMBERS WERE HEADING INTO IT I THINK THE MEMORIAL WEEKEND DEMAND HAS BEEN MET. ALL THE RETAIL END USERSHAVE PUT THEIR ORDERS IN PLACE AND THAT 'S WHAT LED UP TO THAT BIG A PRICE RALLY HIGHER. AND GOING FORWARD, I THINK WE SEE THE MARKET HAVE A NICE CORRECTION LOWER. THE JUNE CONTRACT MAYBE DOWN THE ONE TWENTY AFTER COMING OFF THE ONE THIRTY FOUR HIGH. BUT THEN I THINK WE GO INTO MORE OF A SIDEWAYS TRADING RANGE BECAUSEWE STILL HAVE DEMAND FOR ALL SUMMER ALONG WITH CHEAP GAS PRICES, I THINK THE DEMANDIS JUST REALLY FANTASTIC. I AGREE THE CASH VALUES THAT YOU'RE SEEING STILL PAID HAVE NOT REALLY GONE.  CASH TENDS TO LEAD A LITTLE BIT IN CATTLE A DAY LIKE A LITTLE BIT MORE BECAUSE IT 'S MORE SPECIFIC YOU GET THE SPECIFIC AREAS IN SPECIFIC PRICES. THERE 'S NOT THAT THE WIDE RANGE YOU SEE IN GRAINS. SO THE STRENGTH IN CASH TO ME TELLS ME THAT THAT THE MARKET WILL FIND SUPPORTAND LIKE I ONLY SAID WILL TRADE SIDEWAYS. PROBABLY. ONCE WE ESTABLISH WITH GOTTA FIND WERE SUPPORT. LEVELS ARE AT YOUR RUN OUT OF SELLERS BASICALLY IN THE MARKET ITSELF. SEE THE BUYERS RE EMERGE. AND WILL PROBABLY FIND THAT RANGE IN AND WILL BE ABLE TO HOST THE WHOLE VOICE. YOUR CATTLEMEN SELL THE HOUSEAND BE ABLE THE WAY DOWN BELOW AND LOOKING AT VERY LOW PRICES AND DAIRY EXPORTS MEAN THERE 'S JUST BEEN A LOT OF NEWS AROUND DAIRY. ESPECIALLY WITH THAT THE GRASS IN SITUATION WITH CANADA AND TRADE TALKS ABOUT EXPORTING AND WE JUST HAVEN'T SEEN THAT A PRESENT MOMENT THAT WE'VE SEEN ON THE ON THE THAT THE CATTLE SIDE OF THINGSSO DO YOU THINK THAT CHANGES AND HELPS DAIRY PRICES ARE WHAT YOUR OUTLOOK AT THIS POINT???? OUTLOOK FOR DAIRY MARKETS ACTUALLY IS A LITTLE BIT MORE OF A SIDEWAYS TRADING PATTERN WHERE FRONT MONTH CONTRACT THEN BETWEEN SIXTEEN AND SIXTEEN FIFTY OF HER CONTRACT SCHOOL FROM SIXTEEN FIFTY TO SEVENTEEN. DOLLARS WHAT 'S BEEN REALLY FANTASTICFOR THE DAIRY MARKET RIGHT NOW IS CHEESE DEMAND AND CASH CHEESE THIS WEEK WAS AND LAST WEEK WAS ON FIRE AND IT 'S INTERESTING TO WATCH THE CUT. THE CASH MARKET MOVE WHEN IT 'S TRADING BECAUSE IT SO IT 'S AN AGGRESSIVE LITTLE FLURRY OF BUYING THAT CAN HAPPEN AND THAT 'S WHAT 'S BEEN SUPPORTING  THE MARKET RIGHT NOW. BUT WE STILL ARE IN A SITUATION WHERE SUPPLIES ARE VERY VERY AMPLE. SO THANKFULLY WE HAVE THAT DEMAND RIGHT NOW. RIGHT WHEN YOU GET THE CLOSING THOUGHTS. WE TAKE A SHORT BREAK AND COME BACK ON U S FARM REPORT

MARKETS NOW
ALL RIGHT. WELCOME BACK TIME NOW FOR CLOSING THOUGHTS NAOMO, WE WILL START WITH YOU WANNA GO BACK TO THE CORN MARKET AND SPECIFICALLY TO PRODUCERS WHO HAVE COURTED THE BAND THAT THEY ARE NEEDING TO GET RID OF OVER THE NEXT FEW MONTHS. THERE 'S A LOT OF PEOPLE IN THAT SAME SITUATION SO I WOULD SAY GET YOUR ORDERS IN AHEAD OF TIME TO MAKE SURE THAT YOU'RE SELLING TARGETS ARE MET AS THE MARKET PRICE RALLIES. I REALLY AM A FAVORABLE TO HIGHER FUTURES MARKETS FOR CORN I REALLY AM THINKING SEVENTY PERCENT ODDS OF THE MARKET GETTING UP TO THE 4.40 TO 4.50 DECEMBER FUTURES AREA ON A SUMMER SCARE WE DON'T HAVE ANY REASON TO GET BEYOND THAT RIGHT NOW. IT WOULD HAVE TO BE A SUBSTANTIAL WEATHER ISSUE. BUT ON THE MARKET THAT 'S GOING TO ALLOW EVERYONE TO GET SOME CASH SALES DONE, SO GET THOSE ORDERS IN PLACE AHEAD OF TIME. THERE 'S A GOOD REMINDER. THANKS, NAOMI. ANGIE. JUST A BASICALLY A LOT OF WHEN I ONLY HAD TO SAY EXCEPT FOR THE MAIN THING THAT I WANT OUT IS THAT IT 'S EASY TO GET FRUSTRATED RIGHT NOW. AND A LOT OF TIMES WHEN I WORK WITH MY CUSTOMERS I WILL SEE THAT FRUSTRATION TURN INTO JUST SHUTTING DOWN AND JUST BASICALLY LEAVING THE PLAN OR THROWING A PLAN TO THE WAYSIDE. THE MARKET IS GOING TO GIVE YOU AN OPPORTUNITY TO MARKET OR TO GET CAPTURE A RALLY IN CORN AND IN WEHAT. MAKE SURE YOU HAVE THOSE PLANS IN PLACE. IF YOU ARE IN AN AREA WITH A LOT OF OLD CROP CORN AROUND, START TALKING TO YOUR BUYERS ABOUT GETTING SOME BASIS LOCKED IN AND THEN GO FROM THERE. ALL RIGHT THANK YOU BOTH AND HAPPY MOTHER 'S DAS YOU TOO, IT'S ANGIE'S FIRST MOTHERS DAY.  I LIKE IT. I SAY IT'S THE THE HARDEST BEST JOB I'VE EVER DONE. BUT SO TRUE. I TELL EVERYONE THAT IT'S THE MOST CHALLENGING. BUT THE MOST REWARDING YES. ALL RIGHT. THANK YOU BOTH VERY MUCH. STAY WITH US. JOHN PHIPPS JOINS US NEXT

JOHN’S WORLD
JUST WHEN YOU THINK SOME CROPS CAN'T MOVE ANY  FARTHER NORTH, JOHN BRINGS US TO REALITY IN THIS  WEEK'S JOHN'S WORLD.  RECENTLY I SAW A TWEET FROM A CANADIAN FARMER ABOUT A NEW  CROP SOYBEAN BID IN WEST CENTRAL SASKATCHEWAN. AND AS HE  NOTED THAT'S PRETTY FAR NORTH FOR THAT CROP - ABOVE THE 51ST  LATITUDE. FOR THOSE OF YOU A LITTLE RUSTY ON CANADIAN GEOGRAPHY,  HERE IS WHERE THE ELEVATOR IS LOCATED KINDERSLY, SK. IT'S 170  MILES NORTH OF OUR BORDER. WHILE MY GENERATION WATCHED AS BRAZIL AND ARGENTINA BUILT SOY  PRODUCTION POWERHOUSES, MY SON WILL LIKELY WATCH ONE ARISE ON  THE GREAT PRAIRIES OF CANADA. WHILE SOME OF THE CREDIT FOR THIS FARMING CHANGE GOES TO BETTER  SOY GENETICS, THE BIG REASON IS SHOWN RIGHT HERE. CANADA HAS  BEEN ADDING GROWING SEASON DAYS AT ABOUT 2 DAYS PER DECADE  SINCE 1960. ALONG WITH THE ADDITIONAL GROWING DEGREE UNITS,  CAME AN INCREASE OF OVER 20% IN PRECIPITATION. MANITOBA HAS LED THE WESTERN PROVINCES IN SOYBEAN PLANTING,  SINGLEHANDEDLY BOOSTING CANADIAN ACRES TO OVER 7 MILLION THIS  YEAR. AND ALL INDICATIONS ARE THIS IS JUST THE BEGINNING. COMPARED  TO SMALL GRAINS ESPECIALLY, SOYBEANS ARE MORE PROFITABLE TO GROW.  MEANWHILE PROCESSORS AND TRANSPORTATION ARE BEGINNING TO  EMERGE TO CAPITALIZE ON THIS NEW CROP AND THE SEEMINGLY  UNLIMITED DEMAND FROM CHINA. IT ALSO HELPS THAT CANADA HAS  OUTSTANDING PORT FACILITIES ON THEIR PACIFIC COAST. THIS IS STILL LESS  THAN A TENTH OF US PRODUCTION, BUT TO ME IT SUGGESTS THAT THE  NEW DEMAND WE SEE IN THE FUTURE WON'T DEPEND ON OUR OUTPUT  ALONE. WHILE AMERICAN GROWERS HAVE ADJUSTED WITH DISCOMFORT TO THE  GROWING CLOUT OF SOUTH AMERICAN PRODUCERS IN THE GLOBAL MARKET,  COMPETITION FROM NEIGHBORS TO THE NORTH IS A STARTLING IDEA THAT  WILL PROBABLY BE UNDERESTIMATED FOR A FEW YEARS. LUCKILY, THOSE OF US OLD ENOUGH TO REMEMBER WHEN THE  CANADIAN GROWING SEASON SEVERELY LIMITED WHAT CROPS COULD BE  GROWN WON'T BE AROUND TO PERPETUATE THIS BLIND SPOT. MY GUESS IS  MY SON WILL WATCH REPORTS OF THE CANADIAN SOY AND CORN CROPS  WITH INTENSE INTEREST. THANKS, JOHN.

TEASE
STILL TO COME, WHILE SOME OF OUR VIEWERS ARE  WATCHING THEIR CORN POP UP IN ROWS, OTHERS ARE  STUCK WATCHING IT RAIN.  BUT WE HAVE SOME  PLANTING PROGRESS TO SHOW YOU COMING UP ON US  FARM REPORT.

HEADLINES
WELCOME TO U-S FARM REPORT THIS WEEKEND. WE  HAVE MUCH MORE AHEAD THIS WEEKEND. MIXED EMOTIONS ON RENEGOTIATING TRADE DEALS.  THAT'S OUR FARM JOURNAL REPORT. USDA ANNOUNCES A MAJOR REORG THIS WEEK-- WITH  THE FOCUS ON TRADE.  AND IN CUSTOMER SUPPORT, THE SWEET CORN  DEBATE CONTINUES. BUT NOW, JOHN HAS ANSWERS

USDA REVAMP
NOW FOR THE HEADLINES, TRADE NOW HAS ANOTHER  SEAT AT THE TABLE WHEN IT COMES TO  RENEGOTIATIONS AND NEW TRADE DEALS. THAT'S AS  AG SECRETARY SONNY PERDUE ANNOUCNING A MAJOR  REVAMP THIS WEEK.  < I WANT SOMEONE WHO WAKES UP AND ASKS THE QUESTION, WHERE  CAN IS SELL MORE US PRODUCTS TODAY> AS DIRECTED IN THE LAST FARM BILL, AG SECRETARY  SONNY PERDUE SAYS THEY ARE CREATING A NEW  UNDER SECRETARY POSITION FOR TRADE.  ALSO WITH THIS REORG, THE FSA, RMA AND THE N-R-C-S  WILL NOW BE UNDER THE SAME UMBRELLA, CALLED  FARM PRODUCTION AND CONSERVATION MISSION AREA.  <SO IN A NUSHELL, WE'RE ESSENTIALLY DOING 3 MAJOR THINGS. WE'RE  CREATING A MISSIONARY FOR INTERNATIONAL TRADE UNDERA  NEW UNDER  SECRETARY. SECONDLY, WE'VE RECONSITUTTED OUR DOMESTIC AGENCIES  UNDER A NEWLY NAMED UNDER SECRETARY. AND THIRDLY, WE'VE  ELEVATEED THE RURAL DEVELOPMENT TO ANSWER DIRECTLY TO THE  SECRETARY> INFORMA ECONOMICS JIM WIESEMEYER SAYS THE  REORG IS A CREATIVE ONE WITH NO REDUCTION IN  STAFF. 

FARM BILL HEARING IN MICHIGAN
MEANWHILE, THE SENATE AG COMMITTEE HIT THE ROAD  LAST WEEK WITH ITS SECOND FARM BILL FIELD  HEARING. <WE MUST EMBRACE HTE ATTITITUDE OF OUR PRODUCERS. OPTIMISM AND  INGENUITY> SENATE AG CHAIRMAN PAT ROBERTS SAYS BUT WITH  BUDGET RESTRAINTS, THE FARM BILL WILL NEED TO DO  MORE WITH LESS. AND THAT  NOW IS THE TIME TO ASK  TOUGH SK TOUGH QUESTIONS TO DETERMINE THE  EFFECTIVENESS OF CURRENT PROGRAMS.  ROBERTS WAS JOINED BY RANKING DEMOCRAT DEBBIE  STABENOW OF MICHIGAN, LEADING DISCUSSION AMONG  A PANEL OF PRODUCERS AND AG OFFICIALS WHO  TALKED ABOUT CONCERNS WITH CERTAIN FARM  POGRAMS, AS WELL AS FINDING WORKERS. <"LABOR CONTINUES TO BE OUR NUMBER ONE ISSUE  ON OUR FARM. I MUST SAY, THERE IS NO INSURANCE  FOR NO LABOR. THE SOLUTION FOR THIS PROBLEM  MUST COME SOONER VERSUS LATER. I'VE PERSONALLY  WITNESSED CROPS WASTING AWAY ON TREES  BECAUSE THE PRODUCER WASN'T ABLE TO SECURE A  DOMESTIC WORKFORCE OR EXTREME DELAYS IN  CURRENT H2A PROGRAM.">  A COUPLE PRODUCERS ON THE PANEL ALSO  MENTIONED CROP INSURANCE. SAYING IT WORKS, BUT  WITH ANY NEW PROGRAM, COULD USE SOME  IMPROVEMENT. 

NATIONAL MONUMENT DESIGNATION REVIEW
THE PRESIDENT ORDERING THE REVIEW OF RECENT  NATIONAL MONUMENT DESIGNATIONS...FOLLOWING THE  PREVIOUS ADMINISTRATION'S USE OF THE ANTIQUITIES  ACT TO LOCK UP MORE THAN 250 MILLION ACRES. U.S. INTERIOR SECRETARY RYAN ZINKE FOLLOWING  THROUGH ON THAT ORDER THIS WEEK. TOURING AMERICA'S NEWEST AND MOST HOTLY  CONTESTED MONUMENTS INCLUDING BEARS EARS  NATIONAL MONUMENT. THE 1 POINT 3 MILLION ACRE DESIGNATION IS JUST ONE  OF NEARLY 30 NOW UNDER REVIEW. "A LOT OF THAT IS RESTORING TRUST. AND RESTORING TRUST IS ABOUT  LISTENING, IS ABOUT WORKING WITH LOCAL COMMUNITIES AND MAKING  SURE THAT OUR PUBLIC LANDS ARE FOR THE PUBLIC." THE PUBLIC LANDS COUNCIL AND THE NATIONAL  CATTLEMEN'S BEEF ASSOCIATION BOTH APPLAUDING  THE ACTION. THEY SAY ELEVATING MILLIONS OF ACRES TO  MONUMENT STATUS WITHOUT LOCAL INPUT OR  ECONOMIC ANALYSIS RESULTS IN UNRECOVERABLE  LOSSES TO THE LOCAL COMMUNITIES. ALSO CITING RECENT EXAMPLES OF LOSSES IN  GRAZING AND LOGGING RIGHTS...AS LANDS TRANSITION  TO MONUMENT STATUS. MIDWEST FARMLAND VALUES FOUND FOOTING.

FLAT FARMLAND VALUES
ACCORDING TO THE CHICAGO FED, FARMLAND VALUES  STAYED FLAT DURING THE FIRST QUARTER OF THE  YEAR. THE ONLY STATES WHERE AG PROPERTY VALUES SAW  A BOOST WERE WISCONSIN AND IOWA.  ILLINOIS STAYED FLAT.  AG BANKERS ALSO POINTING OUT CASH RENTS  DECLINED, FALLING 7 PERCENT FROM EARLY 2016. MEANWHILE, LENDING CONDITIONS CONTINUE TO  ERODE IN THE WESTERN HALF OF THE CORN BELT.  THE KANSAS CITY FED SAYS FARM INCOME AND LOAN  REPAYMENTS SHIFTED LOWER.  THE FED SAYS THE WESTERN PORTION OF THEIR  DISTRICT SAW MORE PRESSURE THAN THE EAST.  BUT FARMLAND VALUES IN THE AREA ALSO FEELING  PRESSURE, WITH CROPLAND FALLING 3 PERCENT. BUT IT'S THE WESTERN HALF REALLY FEELING THE  PINCH, WITH CROPLAND VALUES IN THAT AREA FALLING 24 PERCENT IN TWO YEARS.  

BAYER SELLING LIBERTYLINK
THE AG ACQUISITION SHAKEUP CONTINUES THIS WEEK  WITH BAYER ANNOUNCING IT WILL SELL ITS LIBERTY  AND LIBERTYLINK-BRANDED SEEDS BUSINESS TO GAIN  ANTITRUST APPROVAL FOR ITS ACQUISITION OF  MONSANTO.  REUTERS REPORTING THE DIVESTMENT OF THE TWO  GLOBAL BRANDS WILL ACCOUNT FOR THE BULK OF  ASSET SALES WHICH IS NEEDED TO SATISFY  REGULATORS LOOKING AT THE $66 BILLION DEAL.  BAYER'S CEO LAST MONTH SAID HE EXPECTS THE  ACQUISITION TO BE FINAL BY THE END OF THIS YEAR

SNOW IMPACT ON SPRING WHEAT
THE LATE SPRING SNOWSTORM THAT DUMPED AS MUCH  AS 21 INCHES OF SNOW ACROSS KANSAS COVERED 40  PERCENT OF THE STATE'S WHEAT CROP. KANSAS STATE EXTENSION SAYS IT WILL BE A WHILE  BEFORE THEY KNOW THE FULL EXTENT OF DAMAGE. BUT EVEN AREAS THAT RECEIVED LIGHT SNOW, STILL  SAW BELOW FREEZING TEMPERATURES, COUPLED WITH  HIGH WINDS FOR CONSECTUTIVE NIGHTS. THAT'S A LETHAL COMBINATION FOR WHEAT IN THAT  STAGE. BUT THAT SNOW HIT AS FAR SOUTH AS TEXAS.  DAVID CLEAVINGER FARMS JUST OUTSIDE OF AMARILLO  AND SAYS THE SNOW DID PUSH THE WHEAT OVER, BUT  IT'S RECOVERED SINCE THEN.    <I THINK WE'VE GOT AN AVERAGE WHEAT CROP. I THINK IN THE EASTERN  PANHANDLE THEY SAID THE YMAYBE HAVE SMOE 40, 50 BUSHEL  DRYLAND  YIELDS. AND IT LOOKS PRETTY GOOD THEY'VE HAD GOOD RAINS  OVER INT EH EASTERN PART OF HTE PANHANDLE. OVER HERE WE'VE HAD  ADEQUATE MOISTURE, BUT IT DIDN'T SEEM LIKE WE GOT THE STAND IN  THE FALL THAT WE'VE HAD IN TEHP AST, SO WE DIDN'T HAVE A LOT OF  TILLERING, SO THAT'S HURT THE PRODUCTION.>

ORGANIC LIVESTOCK STANDARDS DELAYED
HE USDA ANNOUNCING TUESDAY IT WOULD DELAY  IMPLEMENTATION OF THE FINAL ORGANIC LIVESTOCK  STANDARDS RULE UNTIL NOVEMBER 14TH, 2017.  THE RULE WAS PUBLISHED IN JANUARY IN THE FINAL  DAYS OF THE OBAMA ADMINISTRATION, AND USDA IS  TAKING AN ADDITIONAL SIX MONTHS TO ALLOW  FURTHER CONSIDERATION.  THE FINAL RULE AMENDS THE ORGANIC LIVESTOCK AND  POULTRY PRODUCTION REQUIREMENTS BY ADDING  NEW PROVISIONS FOR LIVESTOCK HANDLING AND  TRANSPORT FOR SLAUGHTER. IT ALSO AMENDS AVIAN LIVING CONDITIONS, AND  EXPANDS AND CLARIFIES EXISTING REQUIREMENTS  COVERING LIVESTOCK CARE AND PRODUCTION  PRACTICES AND LIVING CONDITIONS. 

DROUGHT MONITOR
THE LATEST USDA DROUGHT MONITOR SHOWING  IMPROVEMNTS ACROSS THE SOUHTEAST AND EAST.  BUT DRYNESS IS SPREADING ACROSS CENTRAL AND  EASTERN TEXAS, AS WELL AS NORTH DAKOTA AND  SOUTH DAKOTA. THE MONITOR SHOWING THE ABNORMALLY DRY AREA  OF HTE SOUTHEAST, OR THE PORTION IN YELLOW,  SEEING A 7 POINT IMPROVEMENT. BUT EXTREME  DROUGHT, OR THE AREA IN RED, DID SPREAD TO  NEARLY 3 PERCENT OF THE STATE.  THE HIGH PLAINS ALSO SEEING DRYNESS SPREAD,  MAINLY ACROSS THE DAKOTAS. THE AREA CONSIDERED  ANORNMALLY DRY DOUBLED IN JUST A WEEK. 

WEATHER
THAT'S IT FOR NEWS...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH A LONGER RANGE LOOK  AT WEATHER.  HOW'S THE REST OF MAY PANNING OUT?  THANKS, TYNE.  OVERALL. I THINK IT BECOMES A LITTLE LESS OF A VOLATILE  WEATHER PATTERN AS IT 'S BEEN VOLATILE LATELY WHEN YOU HAVE A  CUTOFF LOW OVER THE NORTHEAST LIKE WE HAVE RIGHT NOW TO CUT OFF  LOW OVER THE WEST. THAT 'S VERY A VERY STRANGE WEATHER PATTERN FOR  THIS TIME A YEAR BIG RICH THROUGH THE MIDDLE OF THE COUNTRY  YOU CAN SAY IS WE HAVE THROUGHOUT THIS WEEK THEN THAT RIDGE GET  SHOVED INTO THE GREAT LAKES WERE REALLY WARMS UP BIG TIME. A  RATHER STORMY IN SECTIONS OUT WEST   AS WE HEAD THROUGH THE END OF THE WEEK. THEN THE RIDGE HOLDS  FOR THE MOST PART OF THE SOUTHEAST THROUGH FRIDAY AND A LOT INTO  NEARLY A WEEK AND LOOKS LIKE THE RICH GET SHOVED INTO THE EASTERN  LAKES IN THE EASTERN SEABOARD WITH THAT TROUGH OVER THE NORTHERN PLAINS STATES ALL THIRTY DOW OOK FOR CHAPTERS I'M GOING BELOW NORMAL FROM IOWA ILLINOIS IN  THROUGH MAINE ABOVE NORMAL FOR FLORIDA AND ALSO ABOVE NORMAL  IN NORTHERN MONTANA NORTH OR THE REST OF THE OTHER AND GO PRETTY  CLOSE TO NORMAL FOR TEMPERATURES THIRTY DOLLARS FOR PRECIPITATION

FARM JOURNAL REPORT
TRADE CONTINUES TO BE A MAJOR FOCUS FOR THE  NEW ADMINISTRATION. THAT WILL BE A CHALLENGING TASK AS THE WHITE  HOUSE TARGETS NAFTA--AND TWO OF AGRICULTURE'S  BIGGEST CUSTOMERS...FOR FRESH NEGOTIATIONS.  SO WHAT WILL RENEGOTIATIONS MEAN AND IS  EVERYONE IN FAVOR?  MICHELLE ROOK TRAVELED TO D.C. TO FIND OUT FOR  THIS WEEK'S FARM JOURNAL REPORT.  PRESIDENT TRUMP HAS DECIDED TO  RENEGOTIATE RATHER THAN WITHDRAW FROM NAFTA, MUCH TO THE RELIEF  OF FARM GROUPS.  BUT HOW DOES THE U.S. GET A BETTER DEAL FOR  AGRICULTURE?    FOR MANY SECTORS OF AGRICULTURE THEY DON'T BELIEVE THEY CAN  RENEGOTIATE A BETTER TRADE AGREEMENT BECAUSE MEXICO AND  CANADA ARE TOP EXPORT CUSTOMERS FOR MANY U.S. AG PRODUCTS.  "WE GOT  EVERYTHING WE WANT OUT OF NAFTA SO WE JUST WANT TO MAINTAIN  OUR ZERO TARIFFS ON PORK TRADE IN NORTH AMERICA."  8 SEC   "WHEN IT COMES TO CATTLE AND BEEF WE WANT TO BE LEFT ALONE.  IT  WORKS, IT WORKS WELL AND BECAUSE OF NAFTA WE HAVE TWO $1  BILLION MARKETS BOTH TO THE NORTH AND SOUTH."        "NAFTA REALLY  OPENED THE DOOR FOR WHEAT IN MEXICO.  THEY HAD A LOT OF  RESTRICTIONS BEFORE.  THEY DROPPED THEIR TARIFF IT GRADUALLY  DECLINED TO ZERO.  ITS BECOME OUR NUMBER ONE MARKET."  11 SEC    MEXICO IS ALSO THE TOP MARKET FOR U.S. CORN, ALTHOUGH THERE ARE  SOME TWEAKS TO NAFTA THE FEED GRAIN INDUSTRY WOULD SUPPORT.     YOU KNOW  PHYTOSANITARY, SANITARY BARRIERS, AGAIN THE BARRIERS FOR ENTRY FOR  THINGS LIKE WHEAT SEED THINGS LIKE THAT, PROTOCOLS.  THOSE ARE  REALLY IMPORTANT AND OF COURSE SOUND FOUNDATION FOR  BIOTECHNOLOGY."    THERE'S ALSO A FEAR IF THE PRESIDENT TRIES TO FIX THE TRADE DEFICIT FOR  OTHER PRODUCTS, AGRICULTURE WILL LOSE GROUND.     "UNFORTUNATELY,  THE WAY HE'S GOING ABOUT IT I WORRY THAT WE'RE GONNA LOSE SOME  OF THE EXPORTS THAT WE ALREADY HAVE IN AGRICULTURE BOTH TO  CANADA AND MEXICO."     HOWEVER, THE COMMODITY THAT MIGHT BENEFIT THE MOST FROM  RENEGOTIATING NAFTA IS DAIRY DUE TO CANADA'S NEW PRICING STRATEGY.    TO NOT  ONLY CUT OFF EXPORTS FROM THE U.S., WHAT LITTLE EXPORTS WE HAVE,  BUT ALSO MORE IMPORTANTLY THEY WANT TO DUMP THEIR SKIM MILK  PROTEINS IN EXPORT MARKETS AROUND THE WORLD WHERE IT WILL  COMPETE WITH U.S. EXPORTS."  12 SEC    WE COMPLETELY GAVE UP POWER OVER THE CANADIANS  WHATSOEVER IN NAFTA.  WE GAVE THEM COMPLETE AUTONOMY OF  THEIR SUPPLY MANAGEMENT SYSTEM IN DAIRY AND POULTRY."  11 SEC    RAY STARLING, AG LIASON TO THE WHITE HOUSE AGREES POLICY ON  DAIRY, POULTRY AND FRUITS AND VEGETABLES COULD BE IMPROVED, IN  ADDITION TO…. IT'S NOT JUST IN THE  NUMBERS WE SELL OR WHAT COMES IN.  SOME OF IT COMES DOWN TO  HOW QUICKLY DO WE RESOLVE DISPUTES WHEN WE HAVE A DISPUTE?"   HOWEVER, HE SAYS THE THEY REALIZE NAFTA HAS BEEN GOOD FOR  AGRICULTURE AND THAT WILL SHAPE THEIR NEGOTIATIONS.  STARLING, "KEEPING WHAT WE HAVE PARTICULARLY AS IT RELATES TO  AGRICULTURE AND THEN IMPROVING UPON IT."  5 SEC      IN WASHINGTON D.C. I'M MICHELLE ROOK REPORTINGTHANKS, MICHELLE. AND AS WE MENTIONED AT HTE TOP OF HTE SHOW, THE SENATE DID CONFIRM U-S TRADE REPRESENTATIVE  ROBERT LIGHTHIZER THIS WEEK. WHEN WE COME BACK, JOHN PHIPPS.  <WHY IS THERE ONLY BICOLOR SWEET CORN? WE'VE  GOT A GOOD ANSWER NOW>

CUSTOMER SUPPORT
U.S. FARM REPORT IS BROUGH TO YOU BY KUBOTA'S  M7 SERIES. LEARN MORE ABOUT THE LARGEST  TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM> APPARENTLY OUR VIEWERS WERE HUNGRY FOR MORE  SWEET CORN TALK. HERE'S JOHN PHIPPS.  AS I HOPED, ANOTHER VIEWER WAS ABLE TO SHED SOME LIGHT ON THE  REASON WHY BICOLOR SWEETCORN DOMINATES AT RETAIL OUTLETS: "WE SHARE THE SAME FRUSTRATION IN ONLY FINDING THE BI-COLOR CORN. I  HAVE PRESSED THIS SUBJECT DEEPER WITH GROWERS AND WAS  SURPRISED AS TO THEIR REASON FOR NOT GROWING ALL YELLOW CORN. IF  THEY ARE SELLING INTO A FARMER'S MARKET OR AN URBAN MARKET,  CONSUMERS WILL NOT BUY THE ALL YELLOW BECAUSE THEY DO NOT KNOW  HOW TO TELL SWEET CORN FROM FIELD CORN, SO THEY DEMAND BI-COLOR  AS INSURANCE OF GETTING SWEET CORN. I DO NOT KNOW IF THIS  SUGGESTS THAT THEY HAVE BEEN BURNED WITH FIELD CORN OR NOT." THAT'S FROM GREG MARLAY. THIS MAKES SENSE TO ME. I HAVE HAD  FRIENDS INVOLVED IN FARMER'S MARKETS WHO CONFESSED THERE WERE  OCCASIONAL PROBLEMS WITH EXACTLY WHERE THE PRODUCE CAME FROM.  GIVEN THE HIGHER PRICES CHARGED AT SUCH LOCAL FOOD OUTLETS, THE  TEMPTATION TO PASS OFF FIELD CORN AS SWEET CORN COULD HAPPEN. BUT THAT SAID, THERE COULD BE ANOTHER FACTOR. SUPERSWEET  VARIETIES CONTAIN 4 TO 10 TIMES THE SUGAR IN REGULAR SWEETCORN,  WHICH ITSELF HAS CONSIDERABLY MORE SUGAR THAN FIELD CORN GROWN  FOR FEED OR ETHANOL. CONSUMERS WHO HAVE BEEN EATING  SUPERSWEET MIGHT BITE INTO NORMAL SWEETCORN AND MISTAKE IT FOR  FIELD CORN - THE SUGAR DIFFERENCE IS THAT DETECTABLE. THERE IS A GROWING CONCERN IN NUTRITION SCIENCE THAT OUR  OBSESSION WITH FATS HAS OVERSHADOWED THE POWERFUL INFLUENCE OF  SUGARS, ESPECIALLY ADDED SUGARS. IN A WAY, SUPERSWEET CORN HAS  ADDED SUGARS, AND HAS RESET OUR EXPECTATION OF WHAT SWEETCORN  IS SUPPOSED TO TASTE LIKE. IT'S HARD TO FAULT CONSUMERS WHO WANT  TO ENSURE THEY GET THE PRODUCT THEY ARE EXPECTING, AND CHOOSING  BICOLOR SEEMS LIKE A LOGICAL WAY TO DO IT. FINALLY, GROWING  SWEETCORN IS NOT ROCKET SURGERY. THE INABILITY TO FIND THE KIND YOU  LIKE COULD BE JUST THE REASON TO PLANT YOUR OWN CROP. THANKS, JOHN. AND REMEMBNER IF YOU HAVE A  QUESTION OR A COMMENT FOR JOHN, JUST EMAIL OR SEND HIM A NOTE ON FACEBOOK OR TWITTER. WHEN WE COME BACK, WE HEAD OUT WEST OT VISIT  BAXTER BLACK.  <HELP A COMMUNITY ORGANIZATION WIN TEN THOUSAND DOLLARS. VOTE NOW BY TEXTING DREAM TO  31313

BAXTER BLACK
WELCOME BACK. IT'S TIME NOW FOR A LITTLE HUMOR  WITH BAXTER BACK.  OMETIMES WHEN WE GO TO OUR LIVE STOCK MEETINGS AND SEE ALL OF TECHNOLOGY WE FORGET ABOUT THE COWBOY AND THE HORSE I WILL  REMIND YOU PRACTITIONERS IN MODERN AGRICULTURE THERE ARE STILL  PLACES FOR A COWBOY AND A HORSE ARE AN ESSENTIAL PART OF THE  MANAGEMENT.  WHERE ITS MORE EXPEDIENT TO TREAT THE CRITTER  WHERE YOU FIND IT RATHER THAN TRY AND DRIVE IT OR HAUL IT TO A  SQUEEZE SHOOT OR A TRAP TWO MILES AWAY IF YOU HAVE THE LUXURY OF  A TWO MAN CREW YOU CAN HEAD AND HEAL THEM RIGHT THERE FOR THE LONE RIDER THIS SCALE 'S GOTTA BE A HIGHER LEVEL. THE CRITTER'S GOT TO  BE TAUGHT RESTRAINT TREATED AND THEN RELEASED NOW IN REAL LIFE HATCHING AN ANIMAL MEANS ROPING THE HEAD THE HORNS THE HEALS,  ONE HOCK OR ANY COMBINATION CNOW RESTRAINING USUALLY MEANS  YOUR PUTTING FOOTING BASED ON THE GROUND NO MATTER WHAT  APPENDAGE YOU HAVE ROPED, YOU CAN DRAG HIM UNTIL HE SLOWLY  KEELS OVER PATIENCE IS REQUIRED NOT A LOT OF HOO RAH. AND WHEN HE  FALLS YOU KEEP YOUR ROPE TIGHT WHILE YOU TAKE A COUPLE OF DALLYS  AND A HALF HITCH COMMONLY CALLED A HOOEY AROUND THE SADDLE  HORN THIS WILL HOLD AS LONG AS THE ROPE STAYS TIGHT TO THE CRITTER.  YOU GET OFF AND YOU FOLLOW YOUR ROPE DOWN AND WRAP A LOOP OF   THE LOOSE RING AROUND THE LOOSE ROPE TO KEEP THE HORSES HEAD  POINTED AT THE CALF PUT YOUR WEIGHT ON THE DOWN A CRITTER AND PUT  YOUR SLIPNOT OF YOUR PIGGING STRING ON THE DOWN FRONT FOOT PUSHED  BOTH HIND LEGS TOGETHER FORWARD AND ARRANGE THEM ON THE TOP  FRONT OF THE LOOPED FRONT LEG AND YOU MIGHT INCLUDE A FOURTH LEG  BESIDES.  TAKE THREE WRAPS AROUND THEM PUL THEM TOGETHER TIGHT  AND I MEAN REAL TIGHT. AND THEN ONE OR MAYBE TWO. RAPS AND A  HOOEY AND IS READY TO BE TREATED.  NOW YOU CAN LOOSEN OR LET GO  YOUR NOW THIS DESCRIPTION OF OUR SKILLED COWBOY MAKING A PERFECT  CATCH AND TIE DOWN HOLDS TRUE UNLESS OF COURSE YOUR HORSE LET  THE SLACK OUT OF THE LINE WHEN HE SHOULDN'T OR GET TANGLED IN THE  COILS WHICH HE ALSO SHOULDN'T OR THE DALLY SLIPS OR YOU LOOP THE  PIGGING STRING OVER YOUR OWN WRIST OR THE CRITTER GETS LOOSE AND  RUNS UNDER YOUR HORSES BELLY WHO THEN DESSERTS YOU THREE MILES  FROM THE PICKUP AND LOSES YOUR ROPE SOMEWHERE ALONG THE WAY  BUT TO THE DON'T WORRY. DON'T WORRY THAT THAT NEVER HAPPENS. THIS  IS BAXTER BLACK AND THE COWBOY FROM OUT THERE.

TEASE
THANKS, BAXTER. AND YOU CAN HEAR MORE FROM HIM  ONLINE AT BAXTER BLACK DOT COM. WHEN WE COME BACK, A WORKHORSE TRACTOR THAT'S  BEEN IN THE FAMILY SINCE 1945.  VISIT FARM JOURNAL PRO.COM. TURSTED ANALSYIS,  PROFESSIONAL IINSIGHT. FARM JOURNAL PRO.COM

TRACTOR TALES
TRACTOR TALES BROUGHT TO YOU BY THE MOST  TRUSTED NAME IN FARM EQUIPMENT, MACHINERY  PETE!. WELCOME BACK TO TRACTOR TALES FOLKS!  WE'RE OFF TO ILLINOIS FOR A  FAMILY-OWNED FARMALL H.  BOUGHT IN 1945, THIS WORKHORSE FARMED  FOR THIS FAMILY FOR OVER 60 YEARS.  AND IF YOU ASK EUGENE, HE'LL TELL  YOU THIS TRACTOR IS STAYING WITH THE FAMILY THE TRACTOR I HAVE BEHIND ME IS A MODEL H FARMALL WAS BROUGHT IN  NINETEEN FORTY FIVE BY MY DAD WHEN HE WAS FARMING ON THIS  PARTICULAR FARM HERE IT WAS USED AS ONE OF THE MAIN TRACTORS FOR  THE OPERATION OF THE FARM. I HAD FOUR BROTHERS THREE BROTHERS.  THERE WAS FOUR OF US BOYS AND WE KIND OF TOOK TURNS DRIVING. IT 'S  FINALLY DAD RENTED MORE LAND AND HE BOUGHT A COUPLE MORE LITTLE  H'S AND BEFORE IT WAS ALL OVER. WE ALL HAD A LITTLE H BUT THERE 'S  ONLY ONE OF EM' THAT SURVIVE THE CREW AND THAT 'S THIS ONE HERE. IT  'S BEEN IN THE FAMILY SINCE IT WAS BRAND NEW STILL USED ALL THE TIME  ESPECIALLY AT HARVEST TIME IT RUNS IT RUNS THE AUGERS AND JUST MINOR LIGHT WORKS AT LIGHT DUTY WORK I THINK HAS BEEN OVERHAULED  WANTS LONG AS SHE RUNS WHY WAY WE GO. IT 'S ALWAYS BEEN INSIDE  THERE. WE ARE PRETTY PARTICULAR ABOUT KEEPING OUR MACHINERY  INSIDE SPEND MORE MONEY FOR BUILDINGS TO THE. STAR MACHINERY  AND WHAT WE SHOULD BUT THAT PAYS OFF IN THE LONG RUN I SUPPOSE  THEY HAD DONE AND THOSE DAYS THEY ONLY PUT NEW RINGS ON ROUND  THE VALVES IN THE NEW BEARINGS ACROSS THE BOTTOM OF IT I SUPPOSE  BUT BASICALLY THAT 'S PROBABLY ABOUT IT.  NOTHING COMPLETELY MAJOR  BUT JUST THE TYPICAL IN-FRAME OVERHAUL IT HAD A PAINT JOB PROBABLY  TWENTY YEARS AGO PROBABLY WITH A BRUSH.  THE PLAN FOR THIS TRACTOR  THAT 'S NEVER GONNA LEAVE. THERE'S NO WAY YOU HAVE ENOUGH  MONEY TO BUY IT AND I'M SURE I'M NOT THE FIRST GUY THAT SAID THAT AS  LONG AS IT'S BEEN HERE THAT SIXTY YEARS WHY MUST BE SOMETHING  GOOD ABOUT IT

COUNTRY CHURCH SALUTE
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE ST  JOHN LUTHERAN CHURCH, LOCATED IN HAMBURG,  WISCONSIN. THEIR CHURCH COMMUNITY IS  CELEBRATING 150 YEARS THIS YEAR.  TEH CONGREAGATION STARTED IN 1867 AND ALSO  SERVED AS A SCHOOL IN ITS EARLY YEARS.  AND A FUN FACT- THEIR ORGANICST HAS BEEN PLAYING  FOR 65 YEARS AT THE CHURCH.  OUR THANKS TO LINDA WIEDERHOEFT {WEE-DER-HAFT} FOR  SHARING THEIR STORY.  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 - CROPWACH  IS NEXT. THIS IS MACHINERY PETE INVITING YOU TO CHECK OUT  MY WEBPAGE MACHINERY PETE DOT COM. OFFERING  FARMERS TENS OF THOUSANDS OF USED EQUIPMENT  LISTINGS TO SEARCH. LET MACHNERY PETE HELP YOU  FIND AND VALUE YOUR NEXT PIECE OF USED  EQUIPMENT. 

FROM THE FARM
DARIN WAS BUSY PLANTING SUNFLOWERS IN EASTERN  NORTH DAKOTA THIS WEEK.  JIMMY WEBB SAYS HE'S WATCHING PEANUTS GROW IN  TWIN ROWS IN GEROGIA. HE SAYS THE STANDS LOOK  EXCELLENT THIS YEAR  WALT SMITH HAD SOME SPECIAL VISITORS. CHECK OUT  HIS SONS DELIVERING SUPPER THIS WEEK. THEY DROVE  THAT MINI GATOR A HALF A MILE TO DELIVER FOOD TO  THE FIELD. HOW CUTE.  AND CHECK OUT THIS CALF WHISPERER. MADI'S MOM  SAYS SHE'S DETERMINED TO GET HTE CALIVES TO LIKE  HER.  IF YOU HAVE A PICTURE OF VIDEO YOU'D LIKE TO SEND  IN, SEND THOSE TO MAILBAG-AT-U-S-FARM-REPORT-DOT- COM OR CHECK US OUT ON FACEBOOK AND TWITTER.

CLOSE
FROM ALL OF US AT U-S FARM REPORT,THANK YOU FOR WATCHING. BE SURE TO JOIN US NEXT WEEK AS WE WORK TO BUILD ON OUR TRADITIONAND FOR ALL YOU MOMS OUT THERE, HAPPY MOHTER'S DAY! <U-S FARM REPORT. AMERICA'S LONGEST LASTING  NEWS PROGRAM FOR FARMERS IS POWERED BY RAM  TRUCKS, AMERICA'S LONGEST LASTING PICKUPS>

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