USFR Weekly Recap-May 7-8, 2016

May 7, 2016 03:30 AM
 

TODAY ON U.S. FARM REPORT
MAY 7-8, 2016


OPENING HEADLINES:
<FROM THE STUDIOS OF FARM JOURNAL BROADCAST,  THIS IS U.S. FARM REPORT.>  WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN,  AND HERE'S WHAT WE'RE WORKING ON FOR YOU OVER  THE NEXT HOUR.  IT'S A CRISIS IN COTTON COUNTRY...  <WE JUST DON'T HAVE A VIABLE SAFETY NET THAT WE ONCE HAD. OUR FARM JOURNAL REPORT SHOWS YOU THE UPHILL  BATTLE WEST TEXAS COTTON FARMERS FACE.   WE'RE OFF TO THE BIRTHPLACE OF ONE OF AMERICA'S MOST ICONIC WESTERN SONGS..  <WHAT HE WAS WRITING ABOUT I THINK WAS THE SENSATIONS THAT HE FELT WHEN HE LIVED HERE>.  WE'RE TAKING YOU HOME ON THE RANGE WITH ANDREW MCCREA IN AMERICAN COUNTRYSIDE.  AS SOME FARMERS GET MORE ANXIOUS TO PLANT, WE CAN'T GET ENOUGH WEATHER RIGHT NOW…AND IN THE WEATHER WE SEEM TO BE GETTING TOO MUCH RAIN. WE'LL LET YOU KNOW IF THAT CHANGES OR NOT THIS WEEK AND THROUGH THE REST OF MAY, COMING UP..  

AG ECONOMY BAROMETER SHOWS FARMERS EXPECT STRUGGLE IN THE YEAR AHEAD:
NOW FOR  THE MARKET RELATED NEWS, THE APRIL  PRICE RALLY BRIGHTENING MOODS ACROSS FARM   COUNTRY, BUT NOT COMPLETELY CHANGING FARMERS'  OUTLOOKS THIS YEAR.   PURDUE UNIVERSITY TEAMED UP WITH C-M-E GROUP TO  GUAGE THE HEALTH OF U-S AGRICULTURE VIA WHAT'S  CALLED THE AG ECONOMY BAROMETER.   IT SHOWS WHILE FARMERS ARE SEEING IMPROVED PRICES, MANY  AREN'T OPTIMISITC THE CHANGES WILL SIGNIFICANTLY  HELP THEM SOON.  THE AG ECONOMY BAROMETER ROSE 21 POINTS IN APRIL TO 106. THAT RISE FUELED BY HIGHER CROP   PRICES AND IMPROVED WEATHER CONDITIONS. BUT 76 PERCENT OF THOSE SURVEYED STILL EPXECT THE NEXT 12 MONTHS TO BE A CHALLENGE FINANCIALLY.   RALLY ENTICES MORE TRADE AND CROP SALES:
MEANWHILE, C-M-E GROUP CONFIRMING WHAT OUR  ANALYSTS HAVE BEEN TELLING US. THE APRIL RALLY ENTICING MORE TRADES AND CROP SALES. C-M-E SAYS APRIL 2016 VOLUME AVERAGED 13 POITN 8  MILLION CONTRACTS. THAT'S UP 21 PERCENT FROM APRIL 2015. SOYBEAN VOLUME SKYROCKETING 80 PERCENT OVER THE SAME TIME LAST YEAR. CORN UP 55 PERCENT. 
SURVEY SHOWS DAIRY FARMERS STRUGGLING TO STAY IN BUSINESS AT CURRENT PRICES:
CLASS III MILK PRICES ARE AT THE LOWEST POINT IN 5  YEARS, AVERAGING 13.63 IN APRIL. AND LITTLE RELIEF IS  IN SIGHT.  OUR PARTNERS AT FARM JOURNAL'S MILK MAGAZINE  CONDUCTED A SURVEY OF LARGE-DAIRY OPERATORS. NEARLY 40-PERCENT SAID THEY CAN SURVIVE AT THE CURRENT MILK PRICES, BUT ONLY FOR ANOTHER YEAR. 43-PERCENT SAY THEY'RE CARRYING MORE DEBT THAN THEY DID IN 2009 WHEN MILK PRICES WERE LOW AND FEED PRICES WERE HIGH. NEW NUMBERS FROM THE COMMERCE DEPARTMENT SHOWING THE U-S TRADE DEFICIT IMPROVING TO 40  POINT 4 BILLION DOLLARS IN MARCH.
ANALYSTS CUT SOUTH AMERICAN CROP ESTIMATES DUE TO WEATHER WOES:
WEATHER WOES IN SOUTH AMERICA FORCING  ANALYSTS TO FURTHER CUT CROP ESTIMATES,   CAUTIONING THAT DAMAGES COULD CUT ESTIMATES EVEN MORE. SOUTH AMERICAN GRAIN ANALYST MICHAEL CORDONNIER LOWERED HIS SOYBEAN ESTIMATE IN ARGENTINA  BY 1 MILLION TONNES TO 56 MILLION.HE SAYS  IT'S POSSIBLE THAT NUMBER COULD FALL ANOTHER 2 TO 3 MILLION DUE TO THE POOR QUALITY SEED.  AND WITH DROUGHT PLAGUING BRAZIL'S CORN CROP, CORDONNIER HIS CORN ESTIMATE BY 1 MILLION TO 78 MILLION TONNES.   DROUGHT IN INDIA DRIVING FARMERS OUT OF BUSINESS:
MORE THAN 300 MILLION ACRES ARE SUFFERING FROM  A RELENTLESS DROUGHT IN INDIA. THAT COUPLED WITH A RECORD BREAKING HEAT WAVE IS SLASHING CROP PRODUCTION IN THE WESTERN   REGION. OFFICIALS SAY THE DROUGHT IS THE WORST IN DECADES, BUT IT'S ALSO YEARS OF ACCUMULATING  DEBT DRIVING FARMERS OUT OF BUSINESS. 
PLANTING PROGRESS:
DESPITE SOME WEATHER DELAYS, PLANTING PROGRESS IS MOVING RIGHT ALONG. USDA SHOWS 45 PERCENT OF THE NATION'S CORN IS IN THE GROUND, 15 POINTS AHEAD OF AVERAGE.  MAJOR GAINS ACROSS THE CORN BELT EXCEPT FOR NEBRASKA, WHERE PLANTING IS 5 POINTS BEHIND   AVERAGE THERE.  AND 13 PERCENT OF THE CROP IS EMERGED, 5 POINTS AHEAD OF NORMAL. AS FOR BEANS, TAHT CROP IS 2 POINTS AHEAD OF AVERAGE PLANTING PLACE. 
NATIONAL WEATHER: 

THOSE ARE THE HEADLINES...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER. MIKE,   ANOTHER WET WEATHER PATTERN STALLED PLANTING FOR SOME THIS WEEK. DO WE DRY UP OR WARM UP ANYTIME SOON?   THANKS, TYNE, WELL IT DOES TURN WARMER IN THE EASTERN PORTIONS OF CORN BELT BUT AS FAR DRY WEATHER, WE'RE NOT GOING TO SEE A WHOLE LOT OF IT. YOU AN SEE ON THE DROUGHT MONITIOR IT'S BEEN TURNIGN DRIER IN PARTS OF SOUTHERN PORTIONS OF THE APPALCACHIANS, IT'S ACTUALLY GOTTEN A LITTLE BETTERO UT WEST. LET'S GO BACK FOUR WEEK,S  GO BACK A MONTH AND YOU CAN SEE THE AREAS THAT WERE DEVLEOPING THAT WE WERE CONCERNED ABOUT OVER KANSAS AND OKLAHOMA BC YOU FOLKS WERE JUST MISSING THINGS SAME THING OVER . 

TEASE:
THANKS, MIKE. FROM THE DROP IN DAIRY PRICES TO HOW THE PRICE RALLY COULD IMPACT BALANCE   SHEETS THIS YEAR, WE'LL DISCUSS IT IN OUR ROUNDTABLES WITH MIKE NORTH AND RICH NELSON   NEXT.  
ROUNDTABLE 1:
WELCOME BACK TO U.S. FARM REPORT. THIS WEEK ON THE MARKETING ROUND TABLES WE HAVE RICH NELSON OF ALLENDALE AND MIKE NORTH OF COMMODITY RISK MANAGEMENT GROUP. ALL RIGHT, WE STARTED OFF WITH SOYBEANS LAST WEEK. WE PROBABLY NEED TO START OFF WITH IT AGAIN THIS WEEK. MIKE, I'M GOING TO START WITH YOU. WE DIPPED BELOW $10 OVERNIGHT THIS WEEK. WHERE DO WE GO FROM HERE?  WELL, SOYBEANS HAVE BEEN THE SPARK PLUG IN THIS WHOLE MOVE AND THE REALITY IS SUB $10 MARKET ATTRACTED SOME NEW BUYING.
SOYBEANS, SOYBEANS, SOYBEANS:
FRIDAY FINISHED STRONG WITH A NICE RUN ON THE THURSDAY BREAK, AND THE REALITY IS THIS IS A MARKET THAT REALLY COULD GO BOTH WAYS AND AHEAD OF A FAIRLY CRITICAL USDA REPORT NEXT WEEK IT'S GOING TO BE VERY TOUGH TO CREATE A NEW DIRECTION IN THE MARKETPLACE WITHOUT THAT INFORMATION. AND I KNOW WE HAD A COUPLE THINGS PLAYING IN SOYBEAN'S FAVOR. WE LOOK AT SOUTH AMERICAN WEATHER AND WE LOOK AT SOME OF THE FUND ACTION, IS THERE A CHANCE, RICH, THAT THE FUNDS COULD JUMP IN THE CORN MARKET AND SPARK A RALLY LIKE WE SAW IN SOYBEANS?
BRAZIL:
 YEAH, RICH MENTIONED BRAZIL.  THEY SAID THEY'RE GOING TO START IMPORTING SOME CORN. HOW BAD IS THE SITUATION THERE? AND COULD THAT GIVE THESE CORN MARKETS SOME LIFE?  WELL, THEY HAVE HAD SOME STRESS, NO QUESTION ABOUT THAT, AND AS WE'RE HEADING INTO POLLINATION WE DEFINITELY NEED TO GET THAT ONGOING PRECIPITATION, COOLER TEMPERATURES WHICH HAS BEEN THE BIGGER ISSUE, AND THE REALITY IS THAT WILL BE AN ONGOING STORY, BUT IN THE BACKDROP OF THAT STORY YOU HAVE OTHER THINGS, RICH MENTIONED THE BIG U.S. CROP COMING, AND WE'VE HAD A REALLY GOOD START ON PLANTING.
CHINA:
A LOT OF CONTINUED PROGRESS IN THE FIELDS NOW. YOU'VE GOT CHINA WHO CUED US TWO MONTHS AGO THAT THEY WERE GOING TO BE DE STOCKING THEMSELVES. THAT STORY CAME OUT ON THURSDAY, AND WE WATCHED AS PEOPLE GOT A LITTLE BIT AFRAID OF NEW CORN MAKING ITS WAY TO THE MARKETPLACE. THAT'S THE KIND OF STUFF THAT CORN'S GOING TO HAVE TO CONTINUE TO FIGHT AND MAKES IT REALLY TOUGH TO SEE A SOYBEAN LIKE MOVE.
USDA REPORT:
>> WELL, WE HAVE THIS SUPPLY IN DEMAND AND USDA REPORT COMING OUT NEXT WEEK. DO YOU THINK THAT WE WILL SEE SOME ADJUSTMENTS BASED ON THE DAMAGE WE'VE SEEN IN AREAS LIKE ARGENTINA AND BRAZIL? WILL THAT SHOW UP IN THIS NEXT REPORT?  WELL, THERE'S NO DOUBT USDA WILL TAKE A MINOR STAIRSTEP APPROACH TOWARDS THIS WHOLE ISSUE WITH SOUTH AMERICA. SO IN OTHER WORDS WE'RE NOT GOING TO SEE THEM DROP FROM 84 MILLION TONS ON BRAZILIAN CORN DOWN TO 78.
FORECAST FOR USDA REPORT:
 WHAT ARE SOME OF ALLENDALE'S PROJECTIONS AND ESTIMATES AHEAD OF THIS REPORT NEXT WEEK, RICH?  NOW, FOR OURSELVES, NUMBER ONE, WE ACTUALLY HAVE A SMALLER SUPPLY THAN WHAT USDA'S GOING TO SHOW HERE NEXT WEEK. NUMBER ONE ISSUE IS WE HAVE A SMALLER TREND YIELD.
TEASE:
 ALL RIGHT, WELL, WHAT CAN YOU DO TO PREPARE FOR THIS REPORT COMING UP NEXT WEEK? I'M GOING TO ASK MIKE NORTH NEXT.
ROUNDTABLE 2:
ALL RIGHT. WELCOME BACK. MIKE, WE'VE BEEN TALKING ABOUT POSSIBLE SCENARIOS COMING UP NEXT WEEK WITH USDA'S REPORT. HOW CAN PRODUCERS PREPARE FOR THAT?  WELL, THE REALITY IS, IS THE SOYBEANS LEAD THE CHARGE IN THIS RECENT RUN. THEY'VE MAINTAINED A STRONG PRICE WHERE IT'S SITTING HERE AT $10.IF YOU HAVEN'T MADE SALES ON ANYTHING YET, THAT'D BE THE FIRST PLACE I'D START.WE JUST MADE SOME MOVES INTO A REALLY NICE TERRITORY.
PREPARING FOR THE FUTURE:
BOTTOM LINE IS, IS PREPARE FOR A POTENTIAL RETRACTION IN THE MARKETPLACE, BUT LEAVE THE TOPSIDE OPEN IN THE EVENT THAT WE SHOULD SEE SOME NEWS THAT REALLY STIRS THINGS UP, BUT THIS NEXT REPORT PROBABLY ISN'T THE REAL BIG THING.IT'S GOING TO BE WEATHER AS WE GO DOWN THE ROAD THAT REALLY DETERMINES WHERE SOYBEANS MAKE THEIR NEXT RUN.
THE U.S. DOLLAR:
OKAY, RICH, WHEN WE LOOK AT THIS DOLLAR, IT WAS HELPING PRICES, BUT WE'VE SEEN A LITTLE BIT OF RECOVERY IN THE U.S. DOLLAR. WHERE DO WE GO FROM HERE?  YOU KNOW, DESPITE THIS MORNING'S PROBLEM WITH THE OR WITH THE UNEMPLOYMENT NUMBERS HERE.I THINK WE GOT ONLY 160,000 NEW JOBS ADDED TO NON FARM PAYROLLS.AS FAR AS THAT GOES I DON'T REALLY SEE ANY MAJOR ISSUES AS FAR AS U.S. DOLLAR. THAT'S BECAUSE WE NEED TO GO DOWN EVEN FARTHER FROM HERE.
CHEESE:
HERE IN THE COMING WEEKS AS WE SEE THAT CHANGE. BOTTOM LINE ISSUE IS, YES, WE'VE GOT SOME PROBLEMS HERE IN THE U.S. LOW GROWTH, NOT MUCH GOING ON AS FAR AS MAJOR INCREASES FOR EMPLOYMENT, BUT RIGHT NOW WE'RE DOING EQUAL IF NOT BETTER THAN MOST OF OUR COMPETITORS. MIKE, WHEN WE LOOK AT THIS DAIRY INDUSTRY WE HAD A STORY EARLIER IN THE SHOW, IT IS NOT A PRETTY PICTURE RIGHT NOW WHEN HE LOOK AT PRICES AT A FIVE YEAR LOW.
TEASE:
 ALL RIGHT.WE WANT TO GET YOUR CLOSING THOUGHTS, SO WE'RE GOING TO DO THAT WHEN WE COME BACK. DON'T GO ANYWHERE. WE'LL BE RIGHT BACK ON U.S. FARM REPORT.
MARKETS NOW:
ALL RIGHT. WELCOME BACK. TIME FOR CLOSING THOUGHTS. RICH, LET'S START WITH YOU.>>
RICH:
MAIN ISSUE RIGHT NOW WE'VE GOT A NICE RALLY WE'VE TALK ABOUT HERE.WE'RE FINALLY SEEING IT GO ON FOR MANY WEEKS.I'D CERTAINLY SUGGEST IT'S TIME TO TAKE ADVANTAGE OF THESE HIGH PRICES.OLD CROP, I'LL BE A LITTLE MORE AGGRESSIVE THAN WHAT MOST PEOPLE WILL BE RIGHT NOW. I'D RATHER HAVE ALL OLD CROP MOVED OUT RIGHT NOW, CORN AND SOYBEANS, AND MAYBE ABOUT HALF DONE AS FAR AS HEDGING ON NEW CROP, ACTUAL PRODUCTION.SO IT'S TIME TO GET AGGRESSIVE HERE.WE LOOK FOR A MILD BREAK BACK DOWN INTO JUNE, MAYBE 40 CENTS LOWER FOR CORN AND ABOUT 60 80 FOR SOYBEANS.  ALL RIGHT, THANKS, RICH.
MIKE:
MIKE? THE BIGGEST ISSUE IN OUR MARKETPLACE HAS BEEN OUTSIDE MONEY. IT CAME IN VERY, VERY STRONGLY. OUTSIDE MONEY, NON TRADITIONAL PLAYERS CAUSING BIG MOVEMENT IN PRICE.IT WAS A GIFT.LET'S NOT LOOK A GIFT HORSE IN THE MOUTH.
JOHN’S WORLD:
JOHN'S WAS PLAYING THE WAITING GAME EARLIER THIS WEEK, JUST ITCHIGN TO PLANT HIS BEANS. SO, WHILE HE HAD SOME EXTRA TIME, HE DECIDED TO GIVES  US HIS THOUGHTS ON THE FOOD CHAIN THIS WEEK. TWO RECENT BUSINESS DEVELOPMENTS CAUGHT THE ATTENTION OF MANY IN AGRICULTURE. FIRST, THE RETAIL GIANT COSTCO CONFIRMED PLANS TO NOT ONLY BUILD ITS OWN CHICKEN PROCESSING PLANT, BUT SOURCE AT LEAST ONE THIRD OF ITS CHICKEN FROM ITS OWN FARMS.  SECOND, THE YOGURT GIANT DANNON, ANNOUNCED IT WILL CHANGE THE ORIGINATION OF ITS MILK TO TWO COOPS AND A FEW FARMS THAT HAVE AGREED TO VERY STRICT PRODUCTION RULES.  THESE STEPS BY RETAIL FOOD COMPANIES TO CONTROL OR EVEN OWN EVERY LEVEL OF THEIR   SUPPLY CHAIN IS CALLED VERTICAL INTEGRATION.   TEASE:
THANKS, JOHN. A COMBINATION OF CHALLENGES IS  CREATED A COTTON CRISIS IN THE SOUTH. WE'LL DIG INTO WHAT IT COULD MEAN TO THE FUTURE OF COTTON 
SECOND HALF OF THE SHOW OPENING HEADLINES:
FROM THE STUDIOS OF FARM JOURNAL BROADCAST, THIS IS U.S. FARM REPORT.  WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD OVER THE NEXT 30 MINUTES. AS COTTON CONTENTION BREWS IN THE SOUTH, WE'LL SHOW YOU FIRST-HAND THE BATTLE MANY FARMERS   FACE. IT'S A SONG MANY OF YOU KNOW BY HEART.... ANDREW MCCREA TAKES US TO THE BIRTHPLACE OF HOME ON  THE RANGE. AND IN CUSTOMER SUPPORT, JOHN GETS BACK TO THE BASICS WITH WOTUS. NOW FOR THE HEADLINES, TIGHTENING BALANCE  SHEETS AND INCEASED GLOBAL COMPETITION ARE  PUTTING FARM CO-OPS UNDER MORE PRESSURE TO MERGE. 
AGWEB REPORTS:
ACCORDING TO OUR REPORTING PARTNERS AT AGWEB,  CO-OP LEADERS SAY U-S FARMER OWNED COOPS ARE FEELING THE PINCH FROM FALLING FARM INCOMES, MORE GLOBAL COMPETITION.  BUT IT'S ALSO CONSOLIDATION WITHIN THE AG INDUSTRY AND A GROWING NEED FOR SPECIALIZED TALENT THAT LEADERS SAY ARE PRESSURING MORE  MERGERS TO OCCUR.   EPA STUDIES LOOK AT WHETHER GLYPHOSATE CAUSES CANCER:
 A WIN FOR GLYPHOSATE SUPPORTERS THIS WEEK,  WITH THE ENVIRONMENTAL PROTECTION AGENCY   DECLARING ONCE AGAIN THAT GLYPHOSATE DOES NOT CAUSE CANCER. IN EPA'S ONGOING REGISTRAION REVIEW OF THE HERBICIDE, THE AGENCY LISTING THE PRODUCT AS NOT LIKELY TO BE CARCINOGENIC TO HUMANS.  WHILE MONSANTO SAYS THE CLASSIFICATION IS BASED ON OVERWHELMING WEIGHT OF EVIDENCE ON GLYHPHOSATE, IT MAY BE TOO LITTLE TOO LATE.  IF YOU REMEMBER IN MARCH OF 2015, THE INTERNATIONAL AGENCY FOR RESEARCH ON CANCER,   OR I-ARC, DEEMED THE HERBCIDE AS A PROBABLE  CARCINOGEN.  
MONSANTO GAMBLES WITH ROUNDUP READY 2 XTEND:
MONSANTO IS GAMBLING WITH ITS NEWEST SOYBEAN PRODUCT, COMMERCIALIZING ROUNDUP READY 2 XTEND SOYBEANS BEFORE ALL THE PROPER APPROVALS ARE IN PLACE. AND NOW CARGILL, ARCHER DANIELS MIDLAND AND BUNGE SAY THEY WON'T ACCEPT IT. ROUNDUP READY 2 XTEND SOYBEANS RECEIVED U-S APPROVAL, BUT IT'S WAITING FOR THE OKAY BY THE E-U. MONSANTO AIMED TO SELL U-S FAMRERS 3 MILLION ACRES OF HTE NEW SOYBEAN SEED, BUT THE REFUSAL BY GRAIN BUYERS COULD PREVENT THOSE ACRES FROM GOING IN. MONSANTO SAID THIS WEEK, SINCE E-U ALREADY APPROVED ROUNDUP READ 2 YIELD AND DICAMBA TOLERANT SOYBEANS SEPERATELY, THE FULLY EXPECT  APPROVAL OF ROUNDUP READY 2 XTEND.  
MISSOURI POULTRY MONITORED :
ANIMAL HEALTH AUTHORITIES ARE MONITORING THE MISSOURI POULTRY INDUSTRY AFTER A CASE OF LOW PATHOGENIC  AVIAN FLU SHOWED-UP IN A COMMERCIAL  TURKEY FLOCK.  THE DISCOVERY WAS MADE LAST WEEK IN JASPER COUNTY, MISSOURI, NEAR THE CITY OF JOPLIN.  TEST RESULTS CONFIRM IT WAS THE H-5-N-1 STRAIN.  AND WHILE IT IS LOW-PATH, SUCH STRAINS CAN   MUTATE INTO A HIGHLY PATHOGENIC - AND MORE DEADLY - STRAIN. THE 39-THOUSAND TURKEYS WERE DE-POPULATED. . 

COMPANIES SEEK TO PROVIDE CAGE FREE EGGS:
S MORE THAN 100 COMPANIES VOW TO START  SOURCING EGGS FROM CAGE FREE ENVIRONMENTS,  
THE NATIONAL ASOSCIATION OF EGG FARMERS SAY THE SWITCH IS BASED ON MIS INFORMATION.   THE GROUP SAYS THE IDEA OF CHICKENS ROAMING ABOUT, DOESN'T LEAD TO IMPROVED ANIMAL WELFARE OR BETTER QUALITY EGGS.  

CAGE FREE DOESN’T ALWAYS MEAN BETTER LIVES FOR CHICKENS ACCORDING TO NATIONAL ASSOCAITION OF EGG FARMERS:
THE GROUP SAYS SINCE CHICKENS ARE NATURALLY AGRESSIVE ANIMALS, CAGE FREE  LEADS TO MORE   CHICKENS DYING. BOB KROUSE IN INDIANA HAS WELL OVER 1 MILLION CAGE FREE BIRDS TODAY AND HE AGREES. 
NATIONAL WEATHER:
THAT'S IT FOR NEWS...LET'S CHECK BACK IN WITH MIKE  HOFFMAN FOR WEATHER AND A LOOK AT HOW THE REST OF MAY SHAPING UP/ THANKS, TYNE. OBVIOSULY, WE ARE INTO MAY SO THAT MEANS IT IS GOING TO SLOWLY WARM UP NO MATTER WHERE YOU ARE ACROSS THE COUNTRY. BUT THE OVERALL WEATHER PATTERN STILL KIND OF A JUMBLED MESS FOR NOW. I DO THINK IT SETTLES DOWN LATER IN THE MONTH. BUT LOOKING AT JET STREAM AS OF NOW WE'VE SEEN MULTIPLE CUTOFFS HERE AND THERE ADN IT LOOKS LIKE WE STILL HAVE ONE THERE FOR HTE NORTHERN GREAT LAKES, AS WE HEAD INTO WEDNESDAY ANOTHER LURKING OFF SHORE AND THAT WILL BE COMING IN THE WESTENR PORTIONS OF COUNTRY AS WE HEAD TOWARD NEDT WEEKEND THERE'S RIFDAY
THANKS, MIKE. 
COTTON CRISIS:
FARMERS AND RANCHERS ACROSS THE COUNTRY ARE FEELING THE PINCH FROM WEAKER COMMODITY   PRICES. BUT FOR FARMERS IN WEST TEXAS, IT'S MORE THAN JUST THE PRICE. HARSH WEATHER, TOUGH TO CONTROL WEEDS AND A WEAKER SAFETY NET ARE ALSO PUTTING PRESSURE ON FARMERS, FORCING   SOME OUT OF BUSINESS. IN THIS FARM JOURNAL REPORT, WE TAKE A LOOK AT THE CRISIS IN COTTON COUNTRY.   FIGHT TO RE-DESIGNATE COTTON AS OILSEED:
AG SECRETARY TOM VILSACK SAYS 14 PERCENT OF THE U-S COTTON CROP WAS COVERED BY STAX IN 2015. THAT'S WHY HAGOOD AND OTHERS IN THE COTTON INDUSTRY ARE LOBBYING CONGRESS AND USDA FOR FINANCIAL RELIEF AND THINK COTTON HAS MERIT TO BE AN OILSEED.   TEASE:
UP NEXT, WE'LL HEAR FROM JOHN PHIPPS.  AS THE BATTLE OVER THE EPA'S CLEAN WATER ACT   CONTINUES, JOHN THINKS IT'S TIME TO REVISIT THE  TOPIC. JOHN.   CUSTOMER SUPPORT:
JOHN THINKS IT'S TIME TO REVISIT WOTUS. TODAY WE JUMP OFF THE DEEP END AND TRY TO SHED
SOME LIGHT ON THE WOTUS CONTROVERSY. JIM  HIXSON ASKS: "CAN YOU HELP ME UNDERSTAND THAT THE WHOLE  WOTUS MOVEMENT IS NOT ANYTHING BUT TOTALLY ABSURD?"  JIM, THANKS FOR YOUR QUESTION - SEND ME AN ADDRESS.
THANKS, JOHN. AND REMEMBER, QUESTIONS OR  COMMENTS CAN BE SENT TO US VIA EMAIL. OR ON   FACEBOOK OR TWITTER. 

TEASE:
UP NEXT, IT'S ONE OF THE MOST POPULAR WESTERN SONGS OF ALL TIMES, BUT THE HISTORY OF WHERE AND HOW IT WAS WRITTEN IS OFTEN UNTOLD.  IT'S ONE OF AMREICA'S MOST ICONIC WESTERN SONGS.
HOME ON THE RANGE:
SO, THIS WEEK, ANDREW MCCREA TAKES US HOME ON  THE RANGE TO SEE WHAT INSPIRED SUCH A LASTING TUNE.   BEGIN WITH FIDDLE PLAYING BEGINNING OF "HOME OF THE RANGE" VIEWS OF THE CREEK AND CABIN  HERE ON THE BANKS OF WEST BEAVER CREEK YOU'LL FIND A SMALL  CABIN THAT DATES TO THE EARLY 1870S.  IT WAS THE HOME OF DR.  BRWESTER HIGLEY, A PHYSICIAN WHO CAME HERE TO NORTH CENTRAL KANSAS FROM INDIANA TO PERHAPS ESCAPE AND ENJOY THE SOLITUDE OF THE PRAIRIE.   
WHEN WE COME BACK, TRACTOR TALES AND OUR  COUNTRY CHURCH SALUTE...PLEASE STAY WITH US. 
 TRACTOR TALES:
 WELCOME BACK TO TRACTORS TALES.  WE SPENT SOME TIME WITH BUDDY BANKS AT HIS PLACE IN BOGALUSA, LOUISIANA.  HE SHARED WITH US HIS COLLECTION OF CLASSIC REDS.  THIS 1954 FARMALL CUB MIGHT BE SMALL, BUT IT PACKED A POWERFUL PUNCH FOR THE  EXPERIENCED GARDENERS.   
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO ST JOHN THE BAPTIST CHATOLIC CHURCH OF PIOPOLIS {PEYE-AH-PLUHS} ILLINOIS. THE CONGREGATION IS CELEBRATING 175 YEARS THIS SUMMER. THE CHURCH THAT STANDS TODAY WAS BUILT IN 1954 AFTER A STORM DESTROYED THE PREVIOUS STUCTURE. OUR THANKS TO SHELLEY ALLEN FOR SHARING THEIR STORY.  
TEASE:
STAY WITH US MIKE AND I HAVE VIEWER PHOTOS NEXT.
CROP COMMENTS:

A LOT OF VIEWERS STILL WAITING TO GET IN THE FIELD. WAYNE MARTIN FARMS JUST WEST OF DES MOINES. HE   TELLS ME FIELDWORK HAS BEEN AT A STANDSTILLSINCE THE SECOND WEEK OR APRIL. IN JUST TWO   WEEKS, THEY HAD ANYWHERE FROM 6 AND A HALF TO 8 AND A HALF INCHE OF RAIN. AS YOU CAN SEE, THERE'S STANDING WATER IN TERRACES AND FIELD TILES JUST CAN'T KEEP UP. . HE SAYS IT'S GOIGN TO TAKE A WHILE TO GET THOSE SPOTS DRIED UP AND BACK IN THE FIELD TO PLANT.  

CLOSING:
 FOR JOHN, AL AND MIKE, I'M TYNE MORGAN. THANK  YOU FOR WATCHING U-S FARM REPORT.  BE SURE TO JOIN US RIGHT HERE AGAIN NEXT WEEK, AS WE WORK  TO BUILD ON OUR TRADITION. HAVE A GREAT WEEKEND,  EVERYONE. AND TO ALL YOU MOMS OUT THERE, HAVE  AN ENJOYABLE AND HOPEFULLY RELAXING MOTHER'S  DAY. 

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