AgDay Daily Recap - November 21, 2017

November 21, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 21, 2017


HEADLINES
AS CATTLE SUPPLIES GROW, IT'S DOMESTIC DEMAND THAT NEEDS TO KEEP UP.  AND THAT STARTS THIS WEEK "AS WE WEORK THROUGH THANKSIGIVNG ANAD CHRISTMAS, THESE HOLIDAYS WILL BE VERY IMPORTANT." BETTER CATTLE PRICES ARE HELPING BALANCE SHEETS, BUT ARE BETTER THAN  EXPECTED YIELDS CHANGING THE GRAIN STORYLIEN THIS YEAR?  "AS THE SAYING GOES YOU KNOW HISTORY DOESN'T REPEAT ITSELF BUT IT SURE DOES RHYME." IN AGRIBUSINESS, ECONOMISTS SAY IT'S NOT THE 1980S, BUT SOME ANLAYSTS  DISAGREE.  " I THINK THE COMMODITY THERE IS A VERY DOMINANT 30 YEAR CYCLE." AND THE PRESIDENT SERVES-UP DEMAND FOR U-S BEEF. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

CATTLE ON FEED
GOOD MORNING TYNE MORGAN, IN FOR  I'M CLINTON GRIFFITHS. AS THE LIVESTOCK SECTOR OF AGRICULTURE CONTINUES TO EXPAND,  THE  LATEST CATTLE ON FEED REPORT  SHOWING NO SIGNS OF A SLOW DOWN FOR U- S CATTLE HERD. ACCORDING TO USDA, THE TOTAL NUMBER OF CATTLE ON FEED FOR SLAUGHTER  REACHED 11 POINT 3 MILLION HEAD AS OF NOVERMBER 1ST. THAT'S 6 PERCENT  ABOVE LAST YEAR.  PLACEMENTS IN FEEDLOTS JUMPED 10 PERCENT, NOW AT 2 POITN 39 MILLION  HEAD.  AND MARKETINGS ROSE 6 PERCENT COMPARED TO THE SAME TIME LAST YEAR,  AT 1 POINT 80 MILLION HEAD.  SCOTT DRYER OF BLUE REEF AGRIMARKETING SAYS AS LONG AS THE MARKETS  CAN KEEP UP WITH PLACMENT NUMBERS, THE BALANCING ACT BETWEEN SUPPLY  AND DEMAND SHOULD CONTINUE.  "AS WE LOOK OUT FROM NOW UNTIL THE END OF APRIL, I THINKW E CAN MAINATIN THE BALANCE. RIGHT  NOW WE HAVE TO KGET THROUGH SOME HOLIDAY DEMAND. IT'S BEEN GOOD. HOPEFULLY WE CAN CLEAN  OFF SOME SHELVES WITH RETIALERS AS WE WEORK THROUGH THANKSIGIVNG ANAD CHRISTMAS, THESE  HOLIDAYS WILL BE VERY IMPORTANT. IF WE CAN HAVE GOOD RETAIL DEMAND AND CONTINUE ON THIS AS  WE WORK THROUGH THE FRIST OF THE YEAR, I THINK WE'RE GOING TO BE FINE."DRYER SAYS AT SOME POINT SUPPLY WILL OUTPACE DEMAND, BUT HE DOESN'T  THINK THE MARKET IS THERE YET.  THE PROTEIN SECTOR HAS BEEN ABLE TO WITHSTAND THE GROWING NUMBERS.  CATTLE PRICES ARE PROOF OF THAT. AND IT'S THOSE PRICES HELPING THE NET FARM INCOME PICTURE THIS YEAR.  USDA ALONG WITH SOME ECONMISTS ARE PROJECTING NET FARM INCOME TO  INCREASE THIS YEAR FOR THE FIRST TIME IN FOUR YEARS.  BUT THE ECONOMIC HEADWINDS IN AGRICULTURE ARE STILL TOO MUCH FOR  SOME PRODUCERS TO WITHSTAND.. AND THAT'S CREATING SOME BANKING  CONCERNS..  AS GRAIN COMES CRASHING IN THIS FALL, THE YIELD STORY IS TURNING OUT TO  BE VERY SIMILAR TO 2016.  "AS THE SAYING GOES YOU KNOW HISTORY DOESN'T REPEAT ITSELF BUT IT SURE DOES  RHYME THIS YEAR RHYMES A LOT WITH WHAT WE EXPERIENCED LAST YEAR." "IT'S VERY MUCH DEJA VU ALL OVER AGAIN. WE'RE STANDING HERE AGAIN SAYING YIELDS  ARE BETTER THAN EXPECTED."BUT AS PROTEIN PRICES PICK UP, IT'S CHANGING  USDA'S OUTLOOK ON NET  FARM INCOME, FORECASTING AN INCREASE FOR THE FIRST TIME IN 3 YEARS.  "SO, 16 MAY HAVE BEEN AN INFLECTION POINT FOR US 17 WE'RE STARTING TO SEE IT PICK  UP A LITTLE BIT. NOW IT'S NOT ALL OPERATORS ARE GOING TO TELL YOU THAT STORY. SO CERTAINLY THE  INCREASE IS MORE RELATED TO THE PROTEIN SECTORS WHERE A LOW COST OF FEED HAS HELPED THE  BOTTOM LINE AS WELL AS GOOD DEMAND OVERSEAS DEMAND." ON THE GRAIN SIDE, SOME FARMERS ARE RIDING OUT THE TURBULENCE BETTER  THAN OTHERS.  "THE PRODUCERS THAT ARE FAIRING THE BEST ARE THE ONES THAT ARE DOING A GOOD JOB  IN UNDERSTANDING THEIR BREAK EVENS AND THEY'RE THE ONES THAT ARE LOOKING EVEN IN THESE TIMES  WHERE THE RENT IS STILL HIGHER THAN IT SHOULD BE. THEY'RE LOOKING AT REALISTICALLY IS IT TIME TO NOT FARM SOME LAND BECAUSE IT'S NOT CONTRIBUTING TO THE WELLBEING OF THE OPERATION. IT'S SERVING AS A DRAIN ON CASH. HOSKINS SAYS IN SOUTHERN ILLINOIS AND INDIANA, THERE ARE FOUR FARM  AUCITIONS OVER THE NEXT MONTH. A SIGN THAT SHOWS THE FINANCIAL STRESS  CONSUMING FARMS TODAY.  "AND I WOULD SAY THAT WHILE IT IS NOT A WIDESPREAD WHEELS ARE COMING OFF. I THINK THERE ARE DEFINITELY SOME PRODUCERS OUT THERE THAT THROUGH DISCUSSIONS WITH THEIR  BANKERS OR DISCUSSIONS WITH THEIR ACCOUNTANTS THAT ARE RECOGNIZING THEY'VE BUILT SOME GOOD  EQUITY AND MAYBE IT IS TIME TO EXIT THE PRODUCTION MARKET PLACE."WHILE IT'S NOT THE 80S, THE CYCLE OF DEPRESSED COMMODITY PRICES IS  SOMETHING AGRICULTURE CAN'T BREAK.  "BUT NOBODY WANTS TO LIVE IN THIS RATE FOREVER OR THIS ENVIRONMENT FOREVER SO  WE'VE GOT TO FIND SOME WAY TO UNLOCK SOME OF THESE DEMAND FACTORS TO MOVE MORE OF OUR  GRAINS OUT."AGRICULTURE IS HOPEFUL THE STRENGH BEHIND BOTH THE U-S ECONOMY AND  EXPANDING ECONOMIES AROUND THE GLOBE WILL SPILL OVER INTO U-S AG."I THINK WE'RE GOING TO HAVE TO SUSTAIN A FEW MORE YEARS OF THE CURRENT  ECONOMICS. I THINK THIS YEAR AND '19 THERE'S PROBABLY NOT ENOUGH TO MOVE THE NEEDLE.  THERE'S NOT GOING TO BE ENOUGH DEMAND OVER THE NEXT TWO YEARS TO EAT UP ALL THE SUPPLIES.  WE HAVE RECORD STOCKS FOR BOTH CORN SOYBEANS AND WHEAT. SO IT'S GOING TO TAKE A FEW MORE  YEARS TO CHURN THAT OUT."FOR FARMERS AND RANCHERS LOOKING AT A DIRE SITUATION JUST TRYING TO  SURVIVE, BANKERS LIKE HOSKINS SAY DON'T PANIC.  "FIRST AND FOREMOST LOOK AT EACH PIECE OF LAND THAT YOU OPERATE. DETERMINE IF IT  IS ADDING TO OR DETRACTING FROM YOUR OVERALL CASH FLOW. PERHAPS YOU CAN DECREASE IN SIZE AND BECOME MORE PROFITABLE BY DOING THAT."WHIE THE SITUATION MAY BE RIPE FOR SOME FARMERS TO WALK AWAY, OTHERS  WILL FIND A WAY TO SURVIVE…THROUGH GRIT AND THE WILL TO ENDURE. 

DICAMBA BANS, MONSANTO
IT'S 2018 THAT ONE MAJOR AG COMPANY HAS ITS SIGHTS ON, TRYING TO STOP A  POSSIBLE DICAMBA BAN AS FARMERS ARE ALREADY PURCHASING PRODUCTS  FOR THE 2018 GROWING SEASON.  MONSANTO COMPANY IS ASKING AN ARKANSAS JUDGE TO STOP THE STATE'S  PLANNED BAN ON DICAMBA. MONSANTO COMPANY, WHO IS THE MANUFACTURER OF XTEND, IS ASKING A  PULASKI COUNTY  JUDGE TO STRIKE DOWN THE RULE, WHICH WAS APPROVED BY  THE STATE PLANT BOARD EARLIER THIS MONTH.  THE NEW RULE WOULD STOP FARMERS FROM USING DICAMBA FROM APRIL 16TH  THROUGH OCTOBER 31ST.  THE RULE ISN'T FINAL AS IT STILL NEEDS TO GO BEFORE A LEGISLATIVE PANEL  NEXT MONTH. BUT MONSANTO SAYS ACTION NEEDS TO BE TAKEN NOW AS FARMERS ARE  ALREADY BUYING CHEMICALS FOR NEXT YEAR.  THE MISSOURI DEPARTMENT OF AGRICULTURE IS PUTTING MORE RESTRICTIONS  ON DICAMBA FOR THE 2018 GROWING SEASON.  THE DEPARTMENT ISSUING A SPECIAL LOCAL NEED LABEL FOR BASF'S ENGENIA  PRODUCT. THE PRODUCT CAN NOW ONLY BE APPLIED BY CERTIFIED APPLICATORS WITH  SPECIAL TRAINING.  AND CAN'T BE APPLIED BEFORE 7:30 A.M. OR LATER THAN 5:30  P.M.. THERE ARE ALO NEW CUTOFF DATES FOR THE HERBICIDE.  IT'S STATE RESTRICTIONS LIKE THIS THAT FARMERS IN OTHER AREAS ARE  WATCHING.  "SEVERAL FRIENDS I'VE TALKED TO, THEY SAY THEY'RE NOT AGAINST THE TECHNOLOGY BUT THEY SAID  THEY FEEL AS IF THEY'LL HAVE TO ADOPT AND GO TO XTEND BEANS JUST TO ALLEVIATE THE POSSIBILITY OF  GETTING DRIFT FROM NEIGHBORS  NEXT YEAR."THERE ARE CURRENTLY NO RESTRICTIONS TO THE LABEL IN SOUTH DAKOTA.  HOWEVER, THE SOUTH DAKOTA DEPARTMENT OF AGRICULTURE IS WORKING ON  THE 2018 LABEL REQUIREMENTS FOR THE STATE.  THE 2017 LABEL WAS APPROVED FOR ONE YEAR - THAT EXPIRES AT THE END OF  DECEMBER.

CROP COMMENTS
HARVEST IS DRAGGING ON FOR SOME THIS YEAR. AND THAT MEANS EVEN WITH THANKSGIVING JUST DAYS AWAY, MANY ARE STILL IN THE FIELD TRYING TO WRAP  UP.  MIKE HOFFMAN HAS AN UPDATE WITH THIS MORNING'S CROP COMMENTS. MIKE.  GOOD MORNING TYNE. MOST FIELDS ARE NOW BARE IN NORTHERN INDIANA. BUT FOR THOSE STILL STANDING. A WEEKEND RAIN SLOWED THEM DOWN EVEN  FURTHER. THIS WAS A COMMON SITE IN THAT PART OF THE STATE SATURDAY AS HEAVY  RAINS PUDDLED IN FIELDS. DITCHES AND CREEKS WERE FULL AS WELL. AND HERE'S ONE YOU DON'T SEE EVERY DAY. DAVID HANSEN IN MISSOURI VALLEY IOWA CLIMBED INTO HIS MACHINERY AND  SAW A RACCOON WAITING FOR HIM TO HARVEST. DAVID SAYS HARVEST IS GOING  SLOW IN HIS AREA. THE CROPS ARE WET AND THE FIELDS ARE MUDDY TOO. DAVID  SAYS HE HOPES TO FINISH UP ON CORN THIS WEEK - HOWEVER, THOSE YIELDS  ARE DISAPPOINTING.  ...AND NOW HERE ARE SOME HOMETOWN TEMPS.  FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  AGDAY, AGRITALK, U.S.  FARM REPORT AND MORE - 24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP TODAY. 

TEASE
BANKERS AND ECONOMISTS SAY THE CURRENT ECONOMIC TIMES ARE NOT A  1980'S FLASHBACK, BUT SOME GRAIN ANALYSTS DISAGREE. THAT'S NEXT IN  AGRIBUSINESS. PLUS LOOK AT THE ECONOMICS OF THE DAIRY SECTOR, INCLUING BRAND NEW  MILK PRODUCTION FIGURES. ELABORATE MEALS WEREN'T ALWAYS ON THE MENU WHEN PRESIDENT TRUMP  VISITED JAPAN. THERE WAS SOMETHING "ALL-AMERICAN".  AND THAT HUMBLE BURGER IS REALLY  CATCHING ON. AGDAY - BROUGHT TO YOU BY NEW DELARO FUNGICIDE FOR CORN AND SOYBEANS. ACHIEVE PERSONAL  BEST YIELDS.

TYSON EXPANDING IN TENNESSEE
TYSON FOODS IS EXPANDING ITS BUSINESS FOOT-PRINT IN TENNESSEE. THE  COMPANY SAYS IT WILL BUILD A NEW CHICKEN PRODUCTION COMPLEX IN GIBSON  COUNTY. THAT'S ABOUT 85 MILES NORTHEAST OF MEMPHIS. IT'S A 300-MILLION DOLLAR PROJECT THAT'S EXPECTED TO CREATE 15-HUNDRED  JOBS ONCE THE PLANT IS OPERATIONAL. IT WILL PRODUCE PRE-PACKAGED TRAYS OF FRESH CHICKEN. A TYSON SPOKESMAN SAYS THIS PROJECT DOES NOT REPLACE THE COMPANY'S  EFFORT TO BUILD FACILITIES IN OTHER STATES, LIKE IN KANSAS WHICH LOST  COMMUNITY SUPPORT IN LEAVENWORTH COUNTY.

AGRIBUSINESS
EARLIER IN THE SHOW WE TALKED TO AN AG BANKER WHO SAYS WHILE TIMES  ARE TIGHT, IT'S NOT THE  1980S. BUT NOT ALL ANALYSTS AGREE. CLINTON  GRIFFITHS JOINS US NOW FROM THE AGRIBUSINESS DESK.  DAN HUEBER OF THE HUEBER REPORT OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. DAN YOU  KNWO. OVER THE LAST WEEK OR SO WE'VE HEARD QUITE A FEW PEOPLE SAY WE'RE IN THE 80S OR WE  COULD BE HEADED TO THE 80S AND THEY'RE COMPARING THIS CYCLE THAT WE'RE IN TO BACK THEN  WHICH WAS AS WE ALL KNOW A PRETTY ROUGH TIME FOR FARMERS. ABSOLUTELY. NOW DO YOU THINK YOU KNOW IN FACT THERE'S BEEN A THEME WE'VE BEEN USING FOR  SOME TIME THAT YOU KNOW I THINK THE COMMODITY THERE IS A VERY DOMINANT 30 YEAR CYCLE. AND  GRANTED IT'S NEVER PRECISE. IT'S NOT EXACTLY WHAT 30 YEARS OF THE DATE. BUT IF YOU GO BACK TO  THAT MID TO THE LATTER PART OF THE 1980S YOU KNOW OF COURSE MUCH DIFFERENT FOR OUR PROGRAM AT  THE TIME. BUT I MEAN REALLY YOU FARMED FOR THE PROGRAM AND TODAY YOU KNOW WE KIND OF FARM  FOR THE INSURANCE PROGRAM WE JUST ARE PLANNING TO WHAT THE PRICES TELL US THEY ARE IN THE  SPRING. AND REALLY REALISTICALLY WITH A LOT OF PEOPLE IT IS THE INSURANCE PROGRAM IS GOING TO KIND  OF KEEP THINGS AFLOAT HERE THIS YEAR OR SO AND BETWEEN THAT AND THE ARC AND THE PLC NOW  WE CAN'T SAY WHEN THAT'S GOING TO CHANGE. BUT I THINK THAT THE BEST CORRELATION IS THAT WHEN  YOU GO BACK TO THAT PERIOD YOU KNOW 1985 1986 1987 IT JUST COULDN'T SOUND ANY WORSE. I  MEAN WE THINGS WERE NEVER GOING TO GET BETTER WE HAD BURDENSOME SUPPLIES OF GREEN TO  CARRY OUT WE JUST KEPT EXPANDING YEAR AFTER YEAR. SO THIS IS NOT UNPRECEDENTED TO HAVE THREE  TO FOUR YEARS IN A ROW OF REALLY DECLINING PRICES. BUT ALL IT REALLY TOOK WAS A SMALL YOU KNOW.  RIGHT NOW IT SEEMS LIKE YOU COULD SAY SMALL BAD WEATHER SNAFU IN 1988 AND WE TURN THAT  PICTURE AROUND DRAMATICALLY. AND I THINK SOMETHING WE TEND TO FORGET 2012 IS IN A LOT OF PEOPLE'S MEMORY YOU KNOW BIG  YEARS $8 CORN AND $8000 MEANS WASN'T THAT LONG AGO. NO THAT WAS ONLY A 5 PERCENT  REDUCTION IN WORLD PRODUCTION. SO WHEN YOU LOOK AT THE OIL WE HAVE CONTINUALLY ESCALATED THE  DEMAND WE'VE WE'VE RAISED THE BAR ON HOW MUCH WE HAVE TO HAVE OUT THERE ANY DISRUPTION  IN THAT SUPPLY SIDE. AND WE'VE GOT A WHOLE NEW BALLGAME OUT THERE. WELL I LIKE YOUR FRESH  PERSPECTIVE THERE WE GO. I LIKE THE CUT OF YOUR MESSAGE. THANK YOU SO MUCH FOR BEING HERE.  WE'LL BE BACK WITH MORE AGDAY IN JUST A MINUTE. AGDAY - BROUGHT TO YOU BY ILEVO SEED TREATMENT FROM BAYER. PROTECT YOUR SOYBEANS FROM  SDS AND NEMATODES THIS SEASON.

WEATHER
WELCOME BACK. THIS THANKSGIVING WEEK WELL WE'RE LOOKING AT THE FORECAST FOR TUESDAY BUT I KNOW SOME OF OUR VIEWER VIEWERS ARE GETTING READY TO HIT THE GROUND AND WANT TO KNOW IF THERE WILL BE ANY DELAYS.YOU KNOW THERE'S NOT GOING TO BE A LOT THROUGH THE MIDDLE OF THE COUNTRY WE HAVE THE BIG STORM COMING IN OUT WEST BUT OTHER NET NOT A LOT OF TRAVEL ISSUES. BUT WE DO HAVE A PRETTY STRONG COLD FRONT MOVING SOUTH THROUGH AND THROUGH THE MIDDLE OF THE COUNTRY IS GOING TO BRING COLD AIR BUT YOU'LL NOTICE VERY LITTLE MOISTURE ALONG AND I THINK THESE AREAS OF LOW PRESSURE KIND OF KEEPING THAT GULF MOISTURE AT BAY IN THIS SITUATION HEADING THROUGH THE DAY TODAY. SEE THAT COLD FRONT MOVING QUICKLY TOWARD THE SOUTH AND EAST A FEW SHOWERS START TO DEVELOP NORTH OF THE OHIO RIVER WITH A COLD FRONT BUT THAT'S ABOUT IT. BIG TIME RAINS AND MOUNTAIN SNOWS COMING IN OUT WEST WITH THAT SYSTEM THERE. WE'RE ALSO GOING TO HAVE A SECONDARY LITTLE PIECE OF THAT KIND OF COME EASTWARD AS YOU'LL NOTICE TONIGHT AND DURING THE DAY TOMORROW. FIRST AREA OF LOW PRESSURE OUT OF THE GOLF MOVES ON UP THE EAST COAST AND THAT COMBINED WITH A COLD FRONT BUT MOST OF THE EFFECTS WITH THAT ARE OFFSHORE. SECOND ONE WILL EVENTUALLY COME ACROSS FLORIDA AS WELL. THIS COULD BE A FAIRLY WET PERIOD FOR FLORIDA OVER A THREE DAY PERIOD HERE. TAKING A LOOK AT TOMORROW YOU CAN SEE OUR HIGH PRESSURE CONTINUES TO BUILD THROUGH THE CENTRAL MISSISSIPPI VALLEY A FEW SNOW SHOWERS WITH THAT AREA OF LOW PRESSURE UP ALONG THE CANADIAN BORDER AND THE BIG STORM CONTINUES TO HIT THE WEST COAST ESPECIALLY NORTHERN PORTIONS OF THE WEST COAST OREGON AND WASHINGTON. TAKE A LOOK AT PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS. NOT A LOT. AS YOU CAN SEE THERE EXCEPT YOU GET INTO THE PACIFIC NORTHWEST NORTHERN CALIFORNIA NORTHWARD INTO THE NORTHERN ROCKIES. ADDING IN THE NEXT 36 HOURS YOU'LL NOTICE OUR COMPUTER MODEL DOESN'T PUT DOWN A WHOLE LOT. IT DOES IN THE STATE OF FLORIDA AT LEAST SOME AREAS MIGHT GET AN INCH OR TWO. BUT IT DOES PUT DOWN A LOT IN THE PACIFIC NORTHWEST LIKE WE'VE BEEN SEEING SNOWFALL PAST 24 HOURS MOSTLY NORTH OF THE BORDER OR IN NORTHERN PORTIONS OF THE ROCKIES ADDING IN THE NEXT 36 HOURS WE'LL HAVE A LITTLE BIT OF LAKE EFFECT BUT NOT MUCH WITH THIS COLD AIR. AND ALSO YOU'LL NOTICE SOME MORE SNOW FOR THE NORTHERN PORTIONS OF THE ROCKIES. HIGH TEMPERATURES TODAY 20S AND 30S UP ALONG THE CANADIAN BORDER 50S AND 60S BY THE TIME YOU GET TO THE GULF COAST SO KIND OF ON THE COOL SIDE EVEN FOR YOU FOLKS. YOU CAN SEE LOWS TOMORROW MORNING LOTS OF 20S ACROSS THE CORN BELT INTO THE EASTERN PORTIONS OF THE OHIO VALLEY AND EVEN 40S AND 50S DOWN INTO MISSISSIPPI AND ALABAMA. AND SO SOME PRETTY CHILLY AIR FOR THIS TIME OF THE YEAR AND T CONTINUES TOMORROW. THERE'S THE JET STREAM YOU'LL SEE MULTIPLE TROUGHS KIND OF MOVING THROUGH THE GREAT LAKES AND NORTHEAST LITTLE PIECES OF ENERGY JUST KEEP A HEAT BRINGING IN THE COLD AIR. LOOKS LIKE THAT'S A PRETTY COLD SHOT OF AIR FROM THE GREAT LAKES AND THE NORTHEAST FOR THIS WEEKEND INTO EARLY NEXT WEEK. AND THEN A LITTLE BIT OF A WARM WARMING TREND FOR THE PLAINS STATES BY TUESDAY OF NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HAD TO SPOKANE WASHINGTON FIRST OF ALL CLOUDY WITH TIMES OF RAIN. HIGH TEMPERATURE OF 47. WICHITA KANSAS PARTLY SUNNY AND TURNING CHILLIER HIGH OF 58 AND FALLING IN IN LYNCHBURG VIRGINIA PARTLY SUNNY SKIES ON THE MILD SIDE. HIGH TEMPERATURE AROUND 58.

TEASE
THANKS MIKE. HERE'S A PROGRAMMING NOTE.  WE WILL NOT HAVE A REGULAR EPISODE OF AGDAY ON THURSDAY. INSTEAD WE  WILL CELEBRATE THANKSGIVING WITH A SPECIAL PROGRAM CALLED A HARVEST  OF THANKS. IT'S BEEN SUCH A TOUGH YEAR - BETWEEN WEATHER CHALLENGES AND  ECONOMIC SETBACKS. YET WE STILL HAVE MANY REASONS TO BE THANKFUL. WE HOPE YOUR FAMILY AND FRIENDS CAN GATHER TO WATCH OUR ANNUAL  TRIBUTE TO AMERICA'S FARMERS AND RANCHERS.  "HARVEST OF THANKS" - THURSDAY ON AGDAY. NEXT IN OUR DAIRY REPORT - THE LATEST MILK PRODUCTION FIGURES. PLUS A  GLANCE AT DAIRY EXPORTS. AND PRESIDENT TRUMP'S APPETITE FOR AMERICAN FOOD IS HAVING A "LEFT- OVER" EFFECT IN JAPAN. AGDAY - BROUGHT TO YOU BY LIBERTY HERBICIDE, THE SIMPLY BETTER SOLUTION FOR SUPERIOR WEED  CONTROL AND A STRONGER YIELD. 

DAIRY REPORT
THE DAIRY REPORT ON AGDAY IS BROUGHT TO YOU BY QLF.  FOR 40 YEARS, QLF HAS BEEN PROUD  TO SUPPORT AMERICAN FARMERS THAT FEED THE WORLD.  IN OUR DAIRY REPORT, NEW MILK PRODUCTION NUMBERS OUT MONDAY  GIVING  THE INDUSTRY A FRESH TASTE OF SUPPLIES, AS MILK PRODUCTION SO FAR THIS  YEAR HAS CONTINUED TO GROW.  ACCORDING TO THE AG DEPARTMENT'S MONTHLY MILK PRODUCTION REPORT,  DAIRY COWS IN THE TOP 23 STATES PUMPED OUT 16-POINT-SEVEN BILLION  POUNDS. THAT'S AN INCREASE OF ONE-AND-A-HALF PERCENT FROM A YEAR AGO. PER-COW PRODUCTION IS UP 13 POUNDS FROM OCTOBER 2016. CALIFORNIA IS THE CLEAR LEADER IN MILK PRODUCTION - BUT IT DECLINED ONE- AND-A-HALF PERCENT. WISCONSIN IS UP ABOUT TWO PERCENT. SCOTT BROWN, AN ECONOMIST FOR HTE UNIVERSITY OF MISSOURI, SAYS  DESPITE GROWING SUPPLIES, DEMAND HAS KEPT UP.  "WHEN YOU LOOK AT ALL OF AGRICLUTRE, ESPEICALLY MEAT AND DAIRY PRODUCTRS, DEMAND HAS BEEN  PULLING US. DESPITE WHAT HAS BEEN LARGE SUPPLIES. THAT COULD CONTINUE." I JUST WORRY ABOUT IN DAIRY YOUR BALANCING ON THE HEAD OF A PIN. VERY SMALL CHANGES IN  SUPPLY OR DEMAND GIVE US  LARGE CHANGES IN PRICES."ONE PIECE OF THAT DEMAND PUZZEL THAT COULD HELP PRICES IS IS EXPORTS.  THE AG DEPARTMENT REPORTED LAST WEEK THAT U-S DAIRY EXPORTS GREW 17- PERCENT DURING THE LAST FISCAL YEAR. DAIRY EXPORTS TOTALLED FIVE- POINT-THREE BILLION DOLLARS. EXPORTS OF U-S DAIRY, BEEF AND PORK HELPED PUSH THE OVERALL AG EXPORT  PICTURE TO ITS THIRD HIGHEST LEVEL ON RECORD. F-Y-2017 EXPORTS REACHED MORE THAN 140-BILLION DOLLARS. DAIRY LEADERS LIKE FORMER AGRICULTURE SECRETARY TOM VILSACK SAYS IT'S  THE EXPORT GROWTH SINCE THEN THAT NEEDS TO CONTINUE IN ORDER TO  KEEP PACE WITH GROWIGN SUPPLIES.  "THE REALITY IS SINCE 2003 NEARLY 50 PERCENT OF ALL THE NEW MILK THAT'S BEEN PRODUCED BY OUR PRODUCERS HAS HAD TO GO IN THE EXPORT MARKET. AND WITHOUT THAT WE WOULD  HAVE HAD A SERIOUS PROBLEM IN DAIRY. SO I THINK IT'S FAIR TO SAY WHY WE ARE GOING TO FOCUS ON  DOMESTIC CONSUMPTION AND WE'RE GOING TO DO OUR VERY LEVEL BEST. I THINK IT'S IT'S ALSO FAIR TO  SAY THAT THE CHANCES ARE VERY GOOD THAT WE WON'T BE ABLE JUST WITH DOMESTIC CONSUMPTION  ALONE TO BE ABLE TO DEAL WITH THE INCREASED PRODUCTION. SO WE'RE GOING TO HAVE TO INCREASE  EXPORTS AND U.S. DEBT. WE'VE BASICALLY COMMITTED TO TRYING TO GET TO THE NEXT 5 PERCENT 20  PERCENT OF EXPORTS 20 PERCENT OF THE VOLUME AND INCREASING VALUE AS WELL. SO THERE'S GOING  TO BE AN AGGRESSIVE EFFORT ON BOTH FRONTS." MEXICO CONTINUES TO BE THE LARGEST BUYER OF U-S DAIRY PRODUCTS.

TEASE
JAPAN IS IMPORTING MORE AND MORE U-S BEEF. AND AFTER PRESIDENT TRUMP'S  VISIT, DEMAND MAY INCREASE EVEN MORE. WE'LL TELL YOU ONE SPECIFIC REASON, WHEN AGDAY CONTINUES. AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL. 

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN  MOWER AT KUBOTA.COM. PRESIDENT TRUMP'S RECENT VISIT TO JAPAN IS LEAVING A LASTING IMPRESSION  - AT LEAST AT ONE HAMBURGER STAND IN TOKYO. LINES HAVE BEEN FORMING OUT THE DOOR AT MUNCH'S BURGER SHACK IN THE  JAPANESE CAPITAL SINCE TRUMP ATE ONE OF THEIR BURGERS WITH THE  JAPANESE PRIME MINISTER.THE PRESIDENT'S TOUGH TALK ON ISSUES LIKE BILATERAL TRADE AND SECURITY  TEND TO GET A MIXED RESPONSE IN JAPAN, WHICH SEES THE U-S AS ITS MOST  IMPORTANT ALLIANCE PARTNER. BUT HIS LOVE FOR THE JAPANESE VERSION OF THE ALL-AMERICAN HAMBURGER  IS STRIKING A CHORD WITH MANY IN TOKYO. INTEREST IN SO-CALLED "PREMIUM BURGERS" IS GROWING EVEN THOUGH THEY  ARE MORE EXPENSIVE THAN THE FAST-FOOD VERSIONS, THE "PRESIDENT TRUMP SET" INCLUDES A BURGER, A SERVING OF COLESLAW  AND A SIDE A FRIES. IT SELLS FOR 12-BUCKS.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY, I'M TYNE MORGAN. HAVE A GREAT DAY. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS.  

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