USFR Weekly Recap - May 7-8, 2011

May 9, 2011 03:57 AM
 

THIS WEEK ON U.S. FARM REPORT
EPISODE #1969
MAY 7-8, 2011

HELLO AND WELCOME TO U.S. FARM REPORT. YOU KNOW THE OLD SAYING, EVERYBODY TALKS ABOUT THE WEATHER AND THEN THEY WON'T SHUT UP OR SOMETHING LIKE THAT. THIS YEAR TAKES THE CAKE FROM COLD TO FLOOD TO DROUGHT IT'S HARD TO FIND ANYBODY IN THAT ZONE OR MAYBE THEY ARE SMART ENOUGH TO KEEP QUIET. MIKE WILL HAVE GUIDANCE, IT'S NOW CLEAR IT'LL BE A BATTLE FROM THE BEGINNING. IT'LL NEED TO BE OFF SET LATER JUST TO GET BACK TO TREND LINE. FALLING BEHIND IN THE FIRST QUARTER DOESN'T DETERMINE THE FINAL OUTCOME, BOY DOES IT RATCHET UP THE PRESSURE. TIME FOR THE HEADLINES.

THANK YOU JOHN.

FLOODWATERS ON THE MISSISSIPPI RIVER CONTINUE SOUTH ON A PATH LEAVING A WIDE PATH OF DESTRUCTION. MORE THAN 130,000 ACRES WERE FLOODED BY THE MISSISSIPPI AFTER THE CORP OF ENGINEERS BLEW A HOLE IN THE LEVY. ABOUT 100 HOMES AND FARM STEADS SWALLOWED UP BY THE FLOOD. THE MORE THAN 2 DOZEN MISSOURI FARMERS NOW SUING THE GOVERNMENT CLAIMING THEIR LAND WAS TAKEN OUT COMPENSATION. THE CORP SAID ITS PART OF A FLOODWAY SUBSTANTIALED IN THE 20s WHICH LETS THE GOVERNMENT FLOOD THE LAND.

YOU KNOW PEOPLE DON'T REALIZE IN THIS AREA THAT IS JUST --THAT'S LIFE AND IT NEVER HAPPENED IN MY LIFETIME. I HAVE --DIDN'T HAVE A CLUE THAT THEY WOULD EVER DO IT. I'M ON THE LEVY BOARD HERE. I DO A LOT WITH THE CORP AND WE MEET WITH THEM EVERY YEAR, SEVERAL TIMES, IN FACT A FEW YEARS AGO WE HAD A STUDY WITH THEM AND IT --OF THE ENVIRONMENTAL IMPACT IT WOULD HAVE ON THE AREA AND AS I REMEMBER IT WAS OVER $300 MILLION OF WHAT IT WOULD COST TO COME BACK IN AND MAKE THIS LAND BACK LIKE IT WAS BEFORE THEY STARTED THIS SPILLWAY.

IT'S A DIFFERENT STORY IN THE LONE STAR STATE WHERE WILDFIRES HAVE CAUSED $25 MILLION IN AGRICULTURE LOSSES. DAMAGE MAKES UP THE LARGEST PORSCHE OF THE COSTS. THE FIRES DESTROYED FENCES, BUILDINGS, GRAZING PASTURES AND KILLED LIVESTOCK ACROSS THE AREA.

IT APPEARS FARMERS IN THE WESTERN CORN BELT ARE ABLE TO GET SOME CROPS PLANTED BUT IT'S STILL WET AND BEYOND CORN MOST OF THE MAJOR CROPS ARE BEHIND THE NORMAL PLANTING SCHEDULE. U.S.D.A. CROP'S PROGRESS REPORT SHOWS THE BIGGEST DELAYS IN WHEAT, PEANUTS JUST GETTING UNDERWAY. THERE ARE ALSO DELAYS IN COTTON, RICE AND SORGUM BUT NOT AS BAD. ONE IN INDIANA SAID EVEN THE DUCKS ARE WEARING BOOTS.

I CAN TOP THAT. I WAS IN MY --CORN DEALER AND CHECKING ON THE REPLANT CORN, I DON'T THINK IT'LL COME AND HE WAS LOADING BEANS INTO A WAGON AND I SAID SOMEBODY IS OPTIMISTIC AND HE SAID THOSE ARE REPLANTED SOYBEANS. HE PLANTED SOYBEANS SO IT COULD BE WORST.

WE DON'T KNOW WHAT TO DO.

THAT'S TRUE. WE WILL MAKE IT THROUGH. THANK YOU. >> CROP WATCH THIS WEEK --WE ARE TOLD 19 INCHES OF RAIN HAVE FALLEN IN THE PAST TEN DAYS. THE GROWER SAID SURPRISINGLY THAT NOT MUCH FIELD WORK WILL HAPPEN AROUND THERE FOR A LONG TIME. IN PENNSYLVANIA GROWERS ARE HAVING A SLOW START AS WELL. STATEWIDE 14% IS IN THE GROUND WELL BEHIND THE FIVE-YEAR AVERAGE OF 70%. THIS IS WHAT THE NORTH DAKOTA WOKE TO LAST WEEKEND. SIX INCHES OF SNOW. LESS THAN 1% HAVE BEEN PLANTED UP THERE. WHEN WE COME BACK LINDSEY RETURNS, THE DISCUSSION STARTS IN JUST TWO MINUTES. PLEASE STAY WITH US.

YOU'RE WATCHING U.S. FARM REPORT, AGRO BUSINESS DIRECTOR LINDSEY HILL, FARM DIRECTOR AL PELL AND MIKE HOFFMAN. U.S. FARM REPORT. THE SPIRIT OF THE COUNTRYSIDE. .

JOINED TODAY BY MIKE FLOREZ AND BILL AS WE TALK ABOUT WHAT HAPPENED IN THE MARKETS THIS WEEK. SOMETHING THAT NOBODY REALLY ANUSITIS PATED REALLY LED NOT SO MUCH BY THE FUNDAMENTALS THAT WE HAVE BEEN LOOKING AT BUT ALL OF THE SUDDEN METALS AND CRUDE. IT WAS EVERYBODY GOT OUT OF LONG POSITION, YOU KNOW VERY DIFFICULT ENVIRONMENT WHEN YOU COME INTO A WEEK OPTIMISTIC WITH WHAT'S GOING ON. MONEY FLOWS TOOK THE MARKETS DOWN AND STARTED WITH SILVER, IT LOST --30% OF ITS VALUE IN FOUR DAYS, IT AFFECTED THE OTHER MARKETS, EVERYTHING GOT ROLLING ON THE DOWNSIDE AND IT'S JUST DIFFICULT TO MAKE LOGICAL DECISIONS. YOU CAN SEE THE FUNDAMENTAL YOU MIGHT LIKE FOR A REASON TO BUY THE MARKET BUT THAT DOESN'T HOLD WATER BECAUSE THE MONEY IS FLOWING OUT. YOU CAN'T PREDICT WHEN THAT WILL END.

GIVEN THE FACT IT IS TOUGH TO MAKE THAT PREDICTION WHAT DO YOU TURN TO NOW, WHAT ARE YOU LOOKING AT?

I FEEL BAD FOR WHAT'S DRIVING THE MARKET. IN THE JULY CORN WE GOT UP TO SUCH HIGH PRICES THAT ALL THE --IT'S JUST SO THE FUNDS ARE SELLING OUT OF THAT AND SELL THE BALLOT HIGHER. PUTTING MONEY BACK IN AND GETTING OUT OF THE COMMODITIES. IT'S MORE BULLISH TODAY THAN IT WAS TWO YEARS AGO. 23MILLION ACRES OF CORN AREN'T PLANTED, PROBABLY A LOT WILL GET IN BUT YOU WILL HAVE 2.3 MILLION ACRES THAT WON'T GET PLANTED. THE ONLY WAY TO MAKE UP TO THAT WILL PLANT MORE ACRES OR PRODUCE A NATIONAL YIELD THAT'S FOUR AND A HALF BUSHELS BIGGER. NEITHER OF THOSE HAVE A HIGH ADD OF HAPPENING. YOU KNOW THE BULL MARKET IS SOLID, THERE, IT'S OUT --NOT IN THE OLD AND THE END USERS WILL BE THERE TO BUY OR BREAK ON BUT THEY ARE DONE ON OLD CROP.

OBVIOUSLY YOU STILLEST UPSIDE POSSIBILITY. YOU FEEL THE SAME?

VERY MUCH SO. YOU I THINK WE ARE TAKING ACRES OUT OF THE PROBLEM. WE WON'T GET 92 ACRES OF CORN PLANTED. WE ARE SUPPOSED TO HAVE A BILLION BUSHEL CARRY OVER. LUE HAVE A BILLION BUSHELS LEFT IN STORAGE AT THIS TIME NEXT YEAR. . YOU TALK ABOUT OLD CROP, EVERYBODY COVERED, I HAVE CLIENTS SAYING ETHANOL PLANTS WANT TO BUY CORN FOR AUGUST. I THINK THAT MAY BE I'M SURE -- I'M SURE PLACES AREN'T. I'M MORE BULLISH THE OLD CROP AND I MAY BE WRONG ABOUT THAT.

I THINK THEY ARE BOTH GOOD BASICALLY, BOTH DECENT.

I WANT TO TALK ABOUT THIS BECAUSE WE HAVE BEEN TALKING ABOUT CORN MOVING TO SOYBEANS. THE STORY I THOUGHT WAS INTERESTING WAS THESE NORTHERN STATES THEY COULD BE SHIFTING WHEAT INTO CORN AS THEY ARE GETTING TO LATE WITH BEETS AND OATS.

WE COULD STILL END UP WITH THE SLIGHT INCREASE IN CORN. IT DEPENDS ON THE WEATHER. IF YOU LOOK AT IT THERE IS JUST SUCH A LARGE PORTION OF THE OHIO VALLEY THAT'S KNOCKED OUT THE NORTHERN AND SOME OF THAT --I JUST DON'T THINK YOU WILL BE ABLE TO INCREASE CORN ACRES. YOU ARE RIGHT THEY PROBABLY WILL CUT BACK ON WHEAT AND PT, IT'LL BE AN OPTION.

AS WE TALK ABOUT SOYBEANS, THE FOCUS HAS BEEN ON CORN. TALK TO US ABOUT SOYBEANS, WHERE WE ARE AT.

THAT'S A WAIT AND SEE MARKET. THE FUTURES ARE DEPENDING ON HOW MUCH CORN TO PLANT. THERE IS NO SHORTAGE OF BEANS IN THE WORLD. AS CONDITIONS UNFOLD I MEAN IT HAS A CHANCE TO MAY BE NOT PLANT AS MANY AS YOU THINK, YOU JUST DON'T KNOW WITH THE WEATHER. WE HAVE THIS WHOLE GROWING SEASON. IT MAY STOP RAINING TOMORROW. THERE IS NO WAY TO KNOW. TO ME I JUST DON'T WANT --THE WORLD IS HUNGRY AND THE DOLLAR IS CHEAP AND IT'S A GOOD PLACE TO E EXPORT GRAIN.

MIKE AND BILL OUR GUESTS TODAY AT THE BUSINESS DESK. WE WILL BE BACK WITH MORE. .

WE'RE BACK WITH MIKE AND BILL. WE TALKED ABOUT THE MOVEMENT WE SAW IN CRUDE OIL THIS WEEK AND MAYBE THAT PRESENTING AND OPPORTUNITY.

YEAH. I THINK SO. THE ENERGIY MARKETS HAVE DROPPED LIKE $14 IN THE CRUDE OIL IN JUST THIS WEEK AND I THINK THIS IS JUST A GREAT OPPORTUNITY. THIS DIESEL CAME DOWN TO $2.89, DOWN 37-CENTS JUST THIS LAST WEEK. YOU HAVE TO LOOK AT OPPORTUNITY.

WHEN WE GET INTO SITUATIONS LIKE THIS WHERE THINGS SO VOLATILE. YOU SAID EARLIER JUST KEEP YOUR HANDS IN YOUR POCKETS. WHAT ARE YOU ADVISING?

ANY DECISION AT 10:00 COULD BE A DISASTER AT 10:30, IT'S MOVING THAT FAST. YOU JUST NEED TO KIND OF STEP BACK AND TAKE A BREATH, IT'LL BE BETTER TIMES COMING. RIGHT NOW IT'S EASY TO LOOSE MONEY IN THE MARKET. I JUST TELL PEOPLE TO BACK AWAY AND DONNED ADD POSITIONS, JUST STAND STILL FOR A BIT.

SINCE WEATHER IS THE TOPIC EVERYBODY HAS BEEN TALKING ABOUT FOR SOME TIME IT SEEMED LIKE WE BUILT A LOT OF WEATHER FACTOR INTO THIS MARKET, SOME WOULD SAY PREMATURE. NOW WHERE IT'S LOOKING AT SOME REAL LIGHT PLANTING, WHAT IS THAT DO TO US IN TERMS OF HOW YOU VIEW THAT MARKET?

I AGREE WE DID BUILD IN A LOT OF PREMIUMS, I THINK A LOT THAT'S BEEN BUILT INTO COMMODITIES HAS BEEN A BIGGER PICTURE THING. ITS BEEN ABOUT ENDPLATED COMMODITIES AND HOW DO YOU INFLATE A COMMODITY, THAT'S WHAT DRIVES THE INFLATION INDEX. THEN --WE HAVE HUGE RISK FACTOR IN THE MIDDLE EAST WITH THE GROUPS STARTING TO KILL EACH OTHER IN SYRIA. IF THAT STARTS TO EXPAND ACROSS THE MIDDLE EAST THAT HUGE FUNDAMENTAL PICTURE HASN'T CHANGED. WE STILL HAVE TO INFLATE ECONOMIES AND WATCH WHAT'S GOING ON IN THE MIDDLE EAST. BECAUSE OF THIS WEEK A LOT OF THAT TENSION WENT AWAY. SO WE JUST SAW THE MASSIVE EXODUS OF FUND MONEY. THEN THROUGH THE WEATHER INTO IT. THE WEATHER PREMIUM IS GOING TO BE A DRIVING CATALYST LATER IN THE SUMTER IT DOES -- LATER IN THE SUMMER.

KIND OF A SIDEBAR WAS THE EXPORT REPORT. CORN AND BEANS, NOT SEEING ANYTHING THERE REALLY WITH CORN VERY LATEL IN TERMS OF BEAN WITH EVERYTHING ELSE GOING ON IT SEEMS LIKE THAT GOT IGNORED.

THE CORN EXPORTS HAVEN'T BEEN THAT GOOD FOR A FEW WEEKS NOW AND I THINK IT'LL PICK UP. IT'S JUST -- YOU GET TEMPORARY LULLS --IT'S A SHORT TERM BLIP IN THE MARKET. THINGS WILL GET BETTER. I DON'T THINK THE HIGHS ARE IN THE MARKET YET. IT'S A LONG SUMMER AND A LOT CAN HAPPEN BUT THIS IS A LOT OF MONEY IS FLUSHED OUT OF THE MARKET. YOU GUY WHEN THEY ARE CHEAP -- YOU BUY WHEN THE MARKETS CHEAP AND THAT'S WHERE WE ARE RIGHT NOW.

MOTHER'S DAY WEEKEND, WE SHOULD BE TALKING ABOUT CATTLE IN A PEAK DEMAND WEEKEND IN TERMS OF BEEF AND SO FORTH. WE HAVE CRAZY THINGS GOING ON IN THE CATTLE MARKETS.

THE CATTLE HAVE BEEN TIED TO WHAT'S GOING ON. THE ECONOMIC TONE THING. WHEN WE SAW THE NUMBERS JUST -- GOING ON IN EUROPE, YOU ARE RIGHT, THE COLD WEATHER HAS BEEN A HUGE DEMAND DETERRENT. THE E PORTS ARE OUT, AS SOON AS WE TURNED THE DEMAND AROUND IT WON'T TAKE LONG TO PICK UP THE SUPPLIES AND WE ARE IN A POINT IN THE LIVESTOCK WHERE WE CAN'T GET OUT OF THE SHORTAGE. IT'S COMING, EVEN IF WE TRY TO EXPAND THE HERD IT'LL --THE CATTLE MARKETS ARE EXCITING DOWN THE ROAD.

ONE THING I THOUGHT WAS GOOD NEWS GENERALLY SPEAKING THAT CAME OUT, 244,000 JOBS, SHOWING THE ECONOMY THE U.S. IS STARTING TO BUILD. IF YOU START CREATING JOBS THAT MEANS MORE DEMAND FOR FOOD, FOR ENERGY AND THAT'S WHY --THINGS GOING TO GET BETTER. I JUST THINK THAT MOST MARKETS ARE BASING HERE AND WILL GET READY TO GO UP.

SOUNDS LIKE A TOUGH SITUATION BUT BOTH OF YOU SAYING HANG IN THERE, WE WILL MAKE IT.

I THINK SO.

I'M THINKING IT'LL BE A WEATHER PROBLEM.

I THINK WE HAVE A MAJOR WEATHER PROBLEM. MIKE FLOREZ. OUR GUEST AT THE AGRO BUSINESS. WE WILL HAVE MORE COMING UP. .

WEATHER ON U.S. FARM REPORT IS BROUGHT TO YOU BY NATIONWIDE AGRO BUSINESS, NATIONWIDE AGRO BUSINESS IS THE NUMBER ONE FARM INSURE, IN THE U.S..

THERE MAY BE DISTURBING IMAGES. I THINK I KEEP THINKING I'M IN 2009, SLOW START, COLD START, IS THAT JUST MY SECTION?

YES. I THINK IT IS. I LOOK BACK AT APRIL AND FROM KANSAS TO ILLINOIS, IT'S VERY WET BUT DRY ELSEWHERE. IT'S COLINEAR THE WESTERN PLAINS IN APRIL OF 2009 BUT WARMER FROM OHIO TO THE NORTHEAST. THAT'S THE GOOD NEWS ABOUT THIS. IT'S NOT GOING TO BE A REPEAT OF 2009. DROUGHT MONITOR --IT'S AN ISSUE FOR THE AREAS NOT VERY WET. WE ARE STILL VERY DRY, ESPECIALLY TEXAS, IT JUST KEEPS GETTING WORSES IN TEXAS. IT'S SPREADING BACK INTO LOUISIANA WHERE HAVE YOU HAD RAIN AND IT'S SPREADING NORTHWARD AND WESTERN KANSAS AND ----THE REST OF THE COUNTRY HAS BEEN WET. LET'S LOOK AT JET STREAM. THE MODELS HAVE BEEN DIGGING TROUGH BY THE MIDDLE OF THE COUNTRY. AS OF A FEW DAYS AGO IT'S SHIFTING FARTHER TO THE WEST. THEN IT --THIS LOOKS STRANGE TO ME, OVER THE GREAT LAKES, INTO THE NEXT WEEKEND THIS WOULD BE CHILLY AND WET. THIS ISN'T SOMETHING THE MODELS HAVE BEEN THOUSANDING. WE WILL WAIT AND SEE. WE EXPECT THE STORM SYSTEM TO MOVE FROM WEST TO EAST. WE WILL SEE IT STARTING OFF OUT WEST. ARE YOU LOOKING AT THE AREA OF RAIN AND MOUNTAIN SNOW STILL FROM CALIFORNIA UP INTO MONTANA AND WYOMING. A STRIP OF SHOWERS EASTWARD, NORTH MAINLY NORTH OF THE WARM FRONT. IT STILL STAYS DRY THROUGH THE SOUTHERN PLAINS, BY WEDNESDAY THAT SYSTEM COMES TOWARD THE EAST. SHOWERS AND THUNDERSTORMS FROM THE GREAT LAKES BACK ACROSS THE NORTHERN PLAINS, ANOTHER SYSTEM IN OUT WEST AND YOU CAN SEE BY FRIDAY WE WILL MOVE THAT SLOWLY AT THIS AGAIN. THE MODELS HAVE BEEN CHANGING THINGS FOR LATER NEXT WEEK. WE WILL HAVE A SYSTEM OVER THE SOUTHWESTERN GREAT LAKE WAS A GOOD AREA OF THUNDERSTORMS. THIS SYSTEM COULD PRODUCE SEVERE WEATHER THIS WEEK AS WELL. BACK IN THE NEXT HALF HOUR WITH A LONGER RANGE FORECAS .

AS WE SLIP LATER IN TO THE PLANTING SEASON WITH ONLY MEAGER PROGRESS THERE HAS BEEN MUCH RALLYING AROUND THE FACT THAT FARMER S CAN PLANT SO MUCH FASTER THAN BEFORE . WE HAVE SHOWN THAT WE CAN PLANT 60% OF THE CROP IN JUST ONE WEEK IN ILLINOIS. THE ONLY PROBLEM WITH THIS STAT IS WE DID THAT IN 1963. YOU HEARD ME RIGHT. AN INTERESTING STUDY BY ECONOMISTS SHOWS CLEARLY WE ARE ACTUALLY TRENDING DOWN IN MAXIMUM ACRES PLANTED PER WEEK NOT UP. THE CHARTS FOR INDIANA AND IOWA ARE SIMILAR. ONE REASON IS THE PROBLEM THE DEFENSE PROBLEM HAD WITH PLANES, YOU MAKE A LOT OF SMALL CHEAPER MACHINES AND OVERWHELM WITH NUMBERS OR BUILD A FEW LARGE ONES AND SOLVE THE PROBLEM WITH SIZE. WE HAVE OPTED FOR FEWER, LARGER MACHINES. THIS SOLUTION IS NOT WITHOUT SERIOUS DRAW BACKS. THE TERRAIN WILL SUPPORT THE MACHINE, 120-FOOT PLANTERS WILL FLOUNDER IN SMALLER FIELDS, THE SECOND PROBLEM IS WHAT GOOD IS BEING ABLE TO PLANTS A THOUSAND ACRES A DAY IF YOUR FIELDS ONLY DRY AT 200 ACRES A DAY? ALSO THE OPPORTUNITY COST IS MUCH LARGER THAN A SMALLER MACHINE. BIG MAY BE PART OF THE ANSWER BUT IT HAS TO MATCH THE LAND, THE WEATHER AND THE PEOPLE. LET US KNOW WHAT YOU THINK. E-MAIL MAILBAG AT U.S. FORM REPORT.COM OR CALL AND LEAVE US A VOICEMAIL. COMING UP IN THE NEXT HALF HOUR IN THE FLOODED FIELDS WITH THE MISSOURI FARMER. STAY WITH US. THE SECOND HALF OF U.S. FARM REPORT IS COMING UP. .

TODAY ON U.S. FARM REPORT, IN A PAINFUL DECISION THE CORP OF ENGINEERS OPENS LEVIES.

AND NEW RESEARCH SHEDS SURPRISING LIGHT ON HOW TO DISPLAY VEGETABLES BEST IN GROCERY STORES.

U.S. FARM REPORT BROUGHT TO YOU BY CHEVY. .

HELLO AND WELCOME TO U.S. FARM REPORT. THIS WEEK HASN'T LACK FOR DRAMA --THE SILVER PRICES GOING TO THE MISSOURI LEVY WE HAVE BEEN TRANSFIXED, THE OLD CURSE OF MAY YOU LIVE IN INTERESTING TIMES SEEMS TO BE APPROPRIATE RIGHT NOW. I AM HEARTENED BY THE SOLID RESPONSE AND STEADY MOVEMENT BY OUR EXAMPLE TOUR AND ECONOMY. I THINK OUR REMARKABLE INFORMATION TECHNOLOGY IS HELPING US REACT BETTER THAN OTHERS. IT'S TIME FOR CONTRIBUTIONS TO THE EFFORT AND HERE IS LINDSEY WITH THE NEWS.

THE SURGING MISSISSIPPI RIVER CONTINUES ITS CHARGE SOUTHWARD. LOW LYING FARMLAND IN ARKANSAS, MISSISSIPPI AND TENNESSEE ARE IN ITS PATH. 130,000 ACRES OF MISSOURI FARMLAND ARE UNDER WATER. THE CORP WANTED TO REDUCE PRESSURE ON THE LEVY TO SAVOR A TOWN. THOUGH THE FLOOD WAS MAN MADE THE AGRICULTURE SECRETARY TOLD ME DURING AN INTERVIEW IN WASHINGTON THAT FARMERS WILL BE ELIGIBLE FOR DISASTER HELP.

FIRST AND FOREMOST FARMERS AND LAND OWNERS NEED TO KNOW THE CROP INSURANCE PROGRAMS WILL BE MADE AVAILABLE TO THEM. THERE WAS SOME QUESTION ABOUT THAT BECAUSE THE CORP WAS MAKING DECISION. WE BELIEVE IT'S NOT A NATURAL DISASTER AND CROP INSURANCE SHOULD PROVIDE PROTECTION. WE WILL PUT THOSE TO WORK AS QUICKLY AS WE CAN.

DESPITE THAT TWO DOZEN FARMERS ARE SUING THE GOVERNMENT FOR LETTING THE CORP BREACH THE LEVY.

SUGAR COMPANIES USE SUGAR CANE AND BEETS TO MAKE THEIR PRODUCT. THEY FILED SUIT IN FEDERAL COURT AGAINST COMPANIES THAT USE CORN TO MAKE SWEETENER SAYING CORN SUGAR IS FALSE ADVERTISING. THEY SAID MANY FOOD MAKERS RELY ON HIGH FRUCTOSE CORN SYRUP.

THE U.S. COULD SOON FACE A SUGAR SHORTAGE AND IT COULD HIT JUST BEFORE CHRISTMAS. THE HARD WINTER TOOK A TOLL ON CANE CROPS IN FLORIDA AND THE WET SPRING IS IMPACTING SUGAR BEET PLANTING. THE CROP PROGRESS REPORT THIS WEEK PUTS THE AMOUNT OF SUGAR BEETS PLANTED AT 15%. THE FIVE YEAR AVERAGE IS 60%. WHEN YOU GRAB FRESH PRODUCE AT YOUR STORE MANY TAKE ITEMS FROM THE BACK THINKING THAT'S WHERE YOU WILL FIND THE LATEST EXPIRATION DATE. A STUDY MAY HAVE SHOPPERS THINKING OTHERWISE. IT SEEMS THAT SOME FRESH PRODUCE WHICH RECEIVED THE GREATEST EXPOSURE TO LIGHT IN THE STORE CAN IMPROVE IT'S CHEMICAL MAKE UP. THAT MEANS THE PACKAGES IN THE FRONT GET THE BENEFIT FOR THE STUDY U.S.D.A. RESEARCHERS EXPOSED LEAVES TO LIGHT FOR 24 HOURS LIKE IN A GROCERY STORE. THEY FOUND THE LIGHT HELPED INCREASE THE LEVELS OF SEVERAL VITAMINS.

MAYBE IT WORKS WITH COOKIES. I NEVER GOT PAST THE COOKIE ACE ILL WHICH IS THE FIRST ONE WHEN YOU GO IN THE STORE. THEY PUT THEM IN THE BACK.

I THINK IT'S THAT WAY -- THE MILK YOU REACH AROUND TO THE BACK. I THOUGHT IT WAS INTERESTING. JUST VEGETABLES.

IF THEY CAN FIND A WAY TO MAKE COOKIES HEALTHY I'M THE LEAD INVESTOR.

WEATHER ON U.S. FARM REPORT IS BROUGHT TO YOU BY NATIONWIDE AGRO BUSINESS. NATIONWIDE IS THE NUMBER ONE FARM INSURE, R IN THE U.S..

THE PAST WEEK HAS BEEN DRYER, THIS NEXT WEEK IT LOOKS LIKE A GOOD TROUGH COMING EAST THOUGH THE MODELS --KIND OF SLOWING THINGS UP. WE WILL HAVE TO WAIT AND SEE. AS OF NOW WE ARE LOOKING AT A GOOD TROUGH, THERE WILL BE A STRIP OF SHOWERS ALONG THE NORTHERN CENTRAL GREAT PLAINS, STILL A TROUGH. BY WEDNESDAY STILL THAT TROUGH BUT THE RIDGE BUILDS IN KEEPING IT WARM, WARMING IT UP OVER THAT AREA INTO THE LOWER GREAT LAKES. BEHIND THE SYSTEM CHILLY AIR IN WITH THE TROUGH. IN THE WARM SECTOR OF THIS IT LOOKS LIKE IT'LL TAKE A WHILE TO GET MOISTURE FROM THE GULF. HOPEFULLY WE CAN DRY IT OUT, UNFORTUNATELY ITS NOT SO GOOD NEWS FOR THE DROUGHT AREAS, YOU AREN'T GOING TO SEE MUCH RAIN. THERE WILL BE SHOWERS AND THUNDERSTORMS OUT AHEAD OF THIS COLD FRONT, ESPECIALLY LATER IN THE WEEK AND SOME OF THEM WILL BE SEVERE AS WE SEE THE TROUGH LINGERING THROUGH THE MIDDLE OF THE COUNTRY. SHOWERS AND THUNDERSTORMS THROUGHOUT THE AREA. LET'S LOOK AT THE LONGER RANGE. LOOK AT THE --THE 21st OF MAY. WE WILL KEEP IT BELOW NORMAL. DOWN TO ABOUT MISSOURI, THE OHIO RIVER VALLEY, I JUST DON'T SEE THE OVERALL CHANGE IN THAT PATTERN, ABOVE NORMAL FOR MUCH OF FLORIDA, SOUTHERN LOUISIANA, TEXAS, NEW MEXICO, VERY DRY AND HOT. YOU WILL CONTINUE TO SEE THE ABOVE NORMAL TEMPERATURES OUT WEST, PROBABLY BELOW NORMAL. NEXT LIMITATION --THIS IS GOOD NEWS. THE WESTERN PLAINS, KANSAS NORTHWARD, YOU WILL SEE DRY CONDITIONS TO GET SOME OF THAT FIELD WORK. ALSO BELOW NORMAL IN THE FOR CORNERS AREA. 30 DAY OUTLOOK BELOW NORMAL FROM THE GREAT LAKES TO THE NORTHEAST. ABOVE NORMAL FOR MUCH OF THE SOUTHERN PLAINS. 30 DAY OUTLOOK FOR PRECIPITATION, WE ARE LOOKING AT ABOVE NORMAL PRECIPITATION AND SOME OF THE SAME AREAS THE BOOT HILL OF MONTH TO INTO THE NORTHEAST AND BELOW NORMAL FROM WEST TEXAS TEXT THROUGH THE FOUR CORNER AREA. WE CONTINUE TO SEE THE AREAS THAT ARE DRY, STAYING DRY, SOME OF THE AREAS THAT ARE WET --.

PATTERNING I FIND MOST DISTURBING WEEK AFTER WEEK, WITH WILL HAVE TO HOPE FOR A MAJOR SHIFT.

WE ENDED UP BETTER THAN WE THOUGHT IT WOULD.

SPIRIT OF THE HEART LAND IS NEXT.

YOU'RE WATCHING U.S. FARM REPORT . U.S. FARM REPORT, THE SPIRIT OF THE COUNTRYSIDE. .

AS PLANTERS ROLL ALONG WE HOPE A WISCONSIN FAMILY WILL HAVE A NEW EXPERIENCE WITH AN OLD PLANTER. THEY WON THE FRESH START GIVE AWAY. LINDSEY HILL IS BACK WITH THE STORY ABOUT REHABBING AN OLD FRIEND.

THAT WAS THE REACTION OF ROBIN OF WHITE WATER WISCONSIN WHEN SHE LAID EYES ON MARIA AT THIS YEAR'S COMMODITY CLASSIC. NOT YOUR NORMAL PLANTER, SHE IS THE PRODUCT OF AN EXTREME MAKEOVER, MADE POSSIBLE BY PRECISION PLANTING THROUGH FARM JOURNAL'S PROJECT FRESH START.

IT WAS THE FIRST YEAR JOHN DEERE MADE THIS STYLE WHEN MY HUSBAND GOT TO GOING I WAS SAVING IT, IT WAS ALONGSIDE THE ROAD AND --MY MARIA CAME ON THE RADIO. WE PLAYED THE --THE VIDEO BACK IT WAS PLAYING ON THERE AND JUST SEEMED TO RIGHT SO WE NAMED MARIA.

THEIR 14-YEAR-OLD PLANTER WAS TURNED OVER TO THE PLANTING PIT CREW FOR THE COMPLETE OVERALL. ONE GOAL OF PROJECT FRESH START IS TO SHOWCASE THE BENEFITS OF REHABBING RATHER THAN BUYING NEW.

WE REPLACED PARTS, PUT IN NEW FEATURES, WE DID A PAINT JOB.

THEY ARE PLEASED TO KNOW THE PLANTER WILL NOW SEE MORE ROUNDS.

WE ALWAYS TRIED OUR BEST TO KEEP IT AS PRECISE AS POSSIBLE BUT YOU KNOW THROUGHOUT THE YEARS MY DAD AND I ALWAYS TALKED ABOUT PRECISIONS UPGRADES AND THOSE SORTS OF THINGS AND WE COULD NEVER AFFORD TO DO IT AND THIS CAME ALONG IT WAS JUST --AFTER MY DAD PASSED IT WAS UNBELIEVABLE TO GET THIS, WE HAD TALKED ABOUT IT FOR SO MANY YEARS AND WE WEREN'T ABLE TO DO IT AND THE EXTRA.

IF HIS DAD WAS HERE TO SEE IT.

HE WOULD BE CRYING.

NO DOUBT THEY WOULD BE TEARS OF JOY. FOR U.S. FARM REPORT, I'M LINDSEY HILL.

MORE DETAILS ARE AVAILABLE AT PRECISION PLANTING'S WEBSITE. WE WILL POST A LINING ON OUR HOME PAGE FOR EASY ACCESS.

NEXT WEEK WE HIT THE LINKS WITH YOUNG GOLFERS. IT'S MORE THAN JUST A WAY TO IMPROVE YOUR SHORT GAME. IT'S A WAY OF HELPING MILITARY FAMILIES. THAT STORY NEXT WEEK ON SPIRIT OF THE HEART LAND.

NEXT OFF TO ARIZONA TO CHECK IN WITH BAXTER BLACK. PLEASE STAY WITH US. .

EACH DOLLAR INVESTED RUSH RETURNS A FIVE DOLLAR BILL. . >> BAXTER BLACK, IF YOU WOULD LIKE TO LEARN MORE ABOUT HOW PRODUCERS MAKE DECISIONS VISIT MY BEEF CHECK OFF.COM.

READY OR NOT IT'S TIME FOR A VISIT FROM BAXTER BLACK. THIS WEEKEND HE TELLS US ABOUT THREE BROTHERS THAT CAN'T GET ON THE SAME PAGE. .

THIS EVER HAPPEN TO YOU? LET ME TELL YOU ABOUT THREE BROTHERS, RAN A SUMMER PASTURE DEAL AND SAID THERE WAS NEVER MORE THAN 50 COWS AND EACH HAD A BULL, EACH BROTHER I SHOULD SAY. THE HERDS WERE SMALL, ME AND DICK WOULD HELP THEM TOGETHER. THERE WERE CALVES WITH THEM TO BUT THE SORTING WOULD MAKE A GROWN MAN CRY. THE THREE OF THEM, SHOUTING FROM THE ALLEY AT THE TOP WHILE WE SWANG GATES FOR --THROUGH AND BLACK AND OUT AND STAY AND HOME AND LEFT AND RIGHT. THAT'S NORMAN THAT JUST GOT PAST AND HOLD THAT LITTLE BRINDLE CALF, DON'T BRING THEM SO FAST. BRING THAT ONE BACK, NO, LET -- JACK, JUST LEAVE YOUR CATCH ROPE ALONE. TO CELLS RINGING, JACK PUT THAT ROPE UP, NORMAN GET OFF THE PHONE. LOOK OUT --JUST PUT IT IN WITH TED, NOT THAT WAY, NO, SHE JUMPED THE FENCE. JACK, YOU COME BACK HERE, LUE NEVER CATCH HER NOW. FORGET IT. IF YOU HAVE A LICK OF SENSE, THE BIG ONE NEED RAISE BRAND. I BELIEVE THAT'S HOWARD'S WAYWARD BULL AGAIN. THE BRAND INSPECTOR IS ON HIS WAY. GEORGE SAID TO TAKE A LOAD. DON'T --IT TOOK US HALFA DAY, FINALLY, FIND THE CELL PHONE BUT NOT UNTIL HOWARD CALLED TO SEE IF WE HAD SEEN HIS BULL AND TAKE JACINTO JAKE, TO THE HOSPITAL AND REMEMBER HOW ROMANTIC WORKING CATTLE IS AND WHY WE ALL HAVE DAY JOBS HERE IN TOWN. THIS IS BAXTER BLACK FROM OUT THERE.

HE JOINS US AGAIN IN TWO WEEKS. UNTIL THEN CHECK OUT HIS WORK ONLINE AT BAXTER BLACK.COM. ? WHEN WE COME BACK WE GO TO FLORIDA AND MINNESOTA FOR TRACTOR TALES. WE WILL BE RIGHT BACK. .

MISS ANY OF SNOUT HEAD TO U.S. FARM REPORT.COM TO WATCH THE PROGRAM ONLINE. U.S. FARM REPORT, THE SPIRIT OF THE COUNTRYSIDE. .

AL JOINS US NOW WITH TRACTOR TALES IN THE COUNTRY CHURCH SALUTE.

WE ARE FIRST GOING TO PIONEER PARK DAYS IN FLORIDA. THAT IS WHERE HUNDREDS OF CLASSIC MACHINE ARE ON DISPLAY EARLIER THIS YEAR. ONE HAS STOOD OUT IN THE CROWD WAS A FORD 2,000, ROBERT SMITH SAYS HOW IT WAS PULLED OUT OF A WEEDPATCH AND RETURNED TO GLOR .

IT'S A UTILITY TRACTOR, FULL OF PLOWING --USE THEM WITH A BOX FLAME OR --LIKE A ROTARY MOTOR USE THEM FOR DIFFERENT THINGS. I BOUGHT THIS 2006 WHICH WOULD BE FIVE-YEARS AGO AND BROUGHT IT BY STILL ON THE TRAILER AND SHOWED IT IN THE ROUGH CONDITIONS AND AFTER A YEAR OR SO I BROUGHT IT BACK IN THIS CONDITION. THIS IS THE FIRST YEAR THEY MADE THE BLUE TRACTOR, THE BLUE AND THE LIGHT GRAY. PRIOR TO THIS, EVERYTHING WAS RED OR GRAY. THIS IS A 61 --MADE IN 62, IT DIDN'T COME OUT UNTIL 63, BACK OF A SERVICE STATION AND HOW I CAME ACROSS IT WAS --THE FLAT WHEELERS PART AND THE GUY CAME BY AND SAID I HAVE AN OLD ONE WOULD YOU BE INTERESTED AND I SAID HE SAID IT'S A 2000 AND I WOULD LIKE TO COME LOOK AT AND AND I DID AND DIDN'T KNOW IDENTIFY WANTED IT OR NOT SO I WENT BACK TO FLAT WHEELER THAT SAME DAY AND FOUND SHEET METAL AND SAID I WOULD TAKE IT AND THAT'S HOW I GOT IT. THEY CHANGED THE GRILL WHEN THEY WENT TO THE 2000 AS YOU CAN SEE IT HAS THE SQUARE, THE SQUARE GRILL INSTEAD OF THE ROUND NOSE LIKE THE 600 AND 800 SERIES. THIS ONE I GOT IT RUNNING, WE REPLACE THE SHEET METAL AND HERE IT IS TODAY.

JOIN US NEXT WEEK WHEN WE HEAD TO MICHIGAN TO MEET A COLLECTOR WITH A WHEAT LAND 660. THIS TRACTOR STARTED IN THE FIELDS OF SOUTH DAKOTA AND WAS BROUGHT BACK WITH MUCH NEEDED ELBOW GREASE.

OUR COUNTRY CHURCH SALUTE THIS WEEK IS UNLIKE ONE WE HAVE FEATURED BEFORE. THE LITTLE CHAPEL ON THE PRAIRIE CAN BE FOUND IN MINNESOTA. CALLED THE WORLD'S SMALLEST FUNCTIONAL CHURCH IT MEASURES SIX BY SIX WITH A STEEPLE THAT REACHED 19 FEET HIGH. CONSTRUCTION STARTED IN FALL OF 2009. THE CHAPEL WAS BUILT IN HONOR OF THE HOMESTEADERS WHO SETTLED THE AREA BEGINNING IN 1871. ITS OPEN MEMORIAL DAY WEEKEND AND FOR SPECIAL OCCASIONS. OUR THANK YOU TO BRUCE LARSON.

AS ALWAYS, WE WANTED TO LEARN ABOUT YOUR HOME CHURCH. SALUTES CAN BE SENT TO THE ADDRESS ON THE SCREEN. STAY WITH US. MAILBAG IS NEXT. .

COUNTRY CHURCH SALUTE IS BROUGHT TO YOU BY FARMERS FEEDING ITS WORLD. AGRICULTURE LEADING THE WAY AND FEEDING A HUNGRY PLANET. DREAM HUGE WITH US. .

TIME FOR THE WEEKLY LOOK INSIDE THE OLD FARM REPORT MAILBAG. DAN FROM TEXAS ASKED ABOUT WORLD FOOD AND U.S. MARKET SHARE. CURRENTLY WHAT PORTION OF WORLD FOOD DO WE SUPPLY? THIS BETTER NOT BE TO TRY TO GET ME TO DO THE RESEARCH FOR YOUR DAUGHTER'S TERM PAPER. FIRST THE BEST NUMBERS ARE GROSS DOMESTIC NUMBERS FROM THE WORLD BANK AND THE CIA FACT BOOK. THERE IS A LINK FOR THEM ON THE HOME PAGE. LOOKING AT AGRICULTURE OUTPUT HERE ARE THE RANGINGS. MEASURING IN U.S. DOLLARS --IT'S 6 TRILLIONON DOLLARS, AGRICULTURE IS 6.3 TRILLION. THE TOP PRODUCER IS CHINA AT 564 BILLION OR 15.7% FOLLOWED BY THE EU AT 8.2, AND THE U.S. AT 4.9%. THE DIFFERENCES BECOME MORE WHEN YOU USE PURCHASING POWER PARODY WHICH DOES A BETTER JOB, A DOLLAR WILL BUY MORE FOOD IN INDIA. THE WORLD PUT OUT IS 4.2 TRILLON WHICH IS 6%, CHINA HAS A 22.2%, INDIA 14.2, THE EU6.7 AND THE U.S. 4.1%. IT IS POPULAR IN THIS COUNTRY TO ASSERT THAT U.S. FARMERS FEED THE WORLD. AS THE FIGURES SHOW THE FARMERS OF THE WORLD ACTUALLY FEED THE WORLD. OUR CHINA AND INDIA COUNTERPARTS CARRY THE BULK. THE U.S. CAN'T BE THE ONLY ANSWER. WE WILL BE AN IMPORTANT PART OF A GLOBAL TEAM. AS ALWAYS WE WANT TO HEAR FROM YOU. SEND COMMENTS TO MAILBAG AT U.S. FARM REPORT.COM OR LEAVE US A VOICEMAIL. FOR ALL OF US, THANK YOU FOR WATCHING U.S. FARM REPORT, BUT SEARCH TO JOIN US AGAIN NEXT WEEK. WE WILL WORK TO DO EVEN BETTER. >> .

U.S. FARM REPORT IS PRODUCED BY FARM JOURNAL TELEVISION.

 

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