TODAY ON AGDAY
MARCH 30, 2017
HEADLINES
THE FARM CREDIT SYSTEM GOES BEFORE CONGRESS IN PREPARATION FOR THE 2018 FARM BILL. IN TEXAS, FARMERS AND FOODIES FIND COMMON GROUND. IN AGRIBUSINESS...A BIG REPORT PREVIEW FEEDER MARGINS HOLD ON RECENT HIGHS--WHAT DOES IT MEAN FOR THE BEEF COMPLEX. AND A RETURN TO REAL BUTTER-- IS HELPING THIS WISCONSIN BAKERY COOK UP DELICATE PASTRIES. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
FARM BILL HEARINGS
GOOD MORNING I’M CLINTON GRIFFITHS. AS RURAL AMERICA FACES ANOTHER YEAR OF EXPECTED LOW FARM INCOME, THE HOUSE AGRICULTURE COMMITTEE IS REVIEWING THE FINANCIAL HEALTH OF THE FARM CREDIT ADMINISTRATION. THE HOUSE AG COMMITTEE IS CONDUCTING A SERIES OF HEARINGS AS IT PREPARES TO WORK ON THE NEXT FARM BILL. ON WEDNESDAY THE FARM CREDIT ADMINISTRATION FACED THE LAWMAKERS WHO WANT TO KNOW IF THE AGENCY IS FINANCIALLY SOUND AS FARM INCOMES CONTINUE TO DECLINE. “FARM CREDIT IS LEANING INTO THIS DOWN TURN IN AG PRICES WE EXPECTED THIS CYCLE WOULD COME AND WE BUILT FINANCIAL STRENGTH TO MEET IT AND FULFILL THE MISSION THIS COMMITTEE HAS GIVEN US WE WILL DO OUR PART TO HELP OUR CUSTOMERS THROUGH THIS DIFFICULT TIME.” REPRESENTATIVE RICK CRAWFORD OF ARKANSAS FOCUSED HIS QUESTIONS ON YOUNG FARMERS. HE’S WONDERING IF THERE’S INCENTIVE TO ROLL COLLEGE DEBT INTO FARM PRODUCTION LOANS TO HELP BRING YOUNG PRODUCERS BACK TO THE FARM. “I DON’T THINK THAT WE NEED TO BE TRYING TO CRAFT LEGISLATION TO GUARANTEE A STUDENT LOAN REPAYMENT IN THE CONDITION THAT WE’RE IN FINANCIALLY BUT I DO THINK WE NEED TO BE PROACTIVE IN CREATING THE CONDITIONS TO INCENTIVISE YOUNG PEOPLE TO COME BACK TO THE FARM AND STUDENT LOAN DEBT IS GOING TO BE A CRITICAL FACTOR IN THAT.” “SEVERAL YEARS AGO WE STARTED AND MOST OF MY COLLEAGUES AROUND THE SYSTEM AT THE ASSOCIATION LEVEL SOMETHING VERY SIMILAR WE STARTED WHAT WE CALL AN AG START PROGRAM SO BASICALLY WE THROW OUT THE NORMAL UNDERWRITING STANDARDS FOR TRADITIONAL PRODUCERS AND SAY WE KNOW THEY DON’T HAVE THE EQUITY ON THE BALANCE SHEETS THAT THEY DO AND WE’RE WILLING TO LEAN INTO THEM THEY HAD ONLY THREE CRITERIA AND THAT WAS THEY HAD TO HAVE A FINANCIAL PLAN OR A REPAYMENT PLAN THAT SAID OKAY WE CAN REASONABLY REPAY THEY HAD TO HAVE A GOOD TRACK RECORD ALREADY WITH THEIR WITH CREDIT CARD AND SUCH AND THEY HAD TO HAVE A MENTOR BECAUSE WE FOUND THAT THAT MENTORSHIP WAS THE MOST IMPORTANT FACTOR IN THEIR SUCCESS LONG TERM.” THE MONTHLY RURAL MAINSTREET INDEX FROM CREIGHTON UNIVERSITY SHOWS TWO-THIRDS OF THE RURAL BANKERS SURVEYED EXPECT LOAN DEFAULT RATES TO INCREASE OVER THE NEXT TWELVE MONTHS.
NAFTA RENEGOTIATIONS
FROM OUR PARTNERS AT PRO FARMER THE TRUMP ADMINISTRATION HOPES TO NOTIFY CONGRESS NEXT WEEK OF ITS INTENTION TO LAUNCH TRADE NEGOTIATIONS WITH CANADA AND MEXICO. COMMERCE SECRETARY WILBUR ROSS TELLING MEMBERS OF THE HOUSE WAYS AND MEANS COMMITTEE THAT WORK ON THE NOTICE TO RENEGOTIATE AND UPDATE NAFTA IS ON TRACK. ADDING THAT IT COULD FIND ITS WAY TO CAPITOL HILL BEFORE THE SPRING CONGRESSIONAL RECESS. ACCORDING TO REPORTS, ROSS SAYS THE MEXICAN GOVERNMENT WOULD LIKE TO CONCLUDE THE TALKS IN 2017. SOME LAWMAKERS SAY THAT TIMELINE IS UNREALISTIC.
FOODIES AND FARMERS TALKING AG
WITH ALL THE DISAGREEMENT IN WASHINGTON, THE REST OF THE COUNTRY STILL NEEDS TO GET ALONG...INCLUDING THOSE WHO FARM. OF COURSE, THESE DAYS, FARMING IS RATHER BROAD TERM IN HOW YOU GROW CROPS AND RAISE LIVESTOCK. IN THIS REPORT FROM THE TEXAS FARM BUREAU, ED WOLFF SHOWS US FOODIES AND FARMERS COMING TOGETHER AT THE TABLE - TALKING AGRICULTURE. AND BUILDING RELATIONSHIPS. CONVENTIONAL. ORGANIC. LOCAL. GLOBAL. AGRICULTURE IS DIVERSE. A VARIETY OF PEOPLE. WITH DIFFERENT FARMING METHODS. BUT ALL WITH ONE GOAL. TO GROW HEALTHY, SAFE, AFFORDABLE FOOD FOR FAMILIES AROUND THE WORLD. AND THERE’S ROOM AT THE TABLE FOR ALL. “WE DECIDED THIS WAS THE PERFECT PLACE FOR US TO COME TO TALK ABOUT THE AGRICULTURE WE ARE ALL PART OF. NOT TO SAY ANYTHING IS BETTER OR WORSE. I JUST WANT EVERYBODY TO RECOGNIZE THE VALUE OF EACH OTHER’S PART OF THE INDUSTRY” FARMERS AND RANCHERS IN BELL COUNTY PARTICIPATED IN THE SECOND ANNUAL MOTHER EARTH NEWS FAIR IN BELTON. THE EVENT IS ONE OF SIX ACROSS THE NATION. BRINGING PEOPLE TOGETHER NOT ONLY FROM THE LONE STAR STATE BUT AS FAR AWAY AS MICHIGAN & COLORADO. THE EVENT FOCUSES ON SELF-SUFFICIENT LIFESTYLES. INCLUDING ORGANIC GARDENING, RENEWABLE ENERGY, NATURAL HEALTH, HOMESTEADING AND MORE. A GROUP OF CONSUMERS TRADITIONAL FARMERS HAVE BEEN SLOW TO ENGAGE. BUT BELL COUNTY FARMERS WANT TO CHANGE THAT. THEY USED TEXAS FARM BUREAU’S MOBILE LEARNING BARN AND ONE FARMER’S ANTIQUE CORN SHELLER TO GET FOLKS ATTENTION. AND START CONVERSATIONS. ONES THEY HOPE BUILD BRIDGES. “THAT’S A GREAT ATTENTION GETTER. IT BRINGS BACK A LOT OF MEMORIES FROM OLDER GENERATIONS AS WELL AND CREATES A LOT OF HANDS ON ACTIVITY AND EXCITEMENT FOR THE KIDS. | IT’S A GREAT TOOL FOR CREATING DISCUSSION.” KIDS & ADULTS TOOK TURNS CRANKING THE GRINDER AND SHELLING CORN. IT LED TO DISCUSSIONS ABOUT MODERN AGRICULTURE. ATTENDEES VOICING CONCERNS. THE FARMERS EXPLAINING WHAT THEY DO AND WHY THEY DO IT. AND THE IMPORTANCE OF ALL AGRICULTURE WORKING TOGETHER. “I ASKED HIM IF HIS CORN WAS GMO. AND HE SAID YES. NOW I WASN’T AWARE, AND ASKED, DID YOU HAVE THE CHOICE TO PLANT GMO OR NON- GMO AND HE SAID YES. AND I SAID” YOU CHOSE GMO AND HE SAID YES.” I JUST SAID WHY? BECAUSE I JUST UNDERSTOOD IT TO BE BAD FOR OUR BODIES, HARMFUL FOR THE SOIL AND HE SAID BECAUSE HE DIDN’T LIKE SEEING STARVING PEOPLE AND THAT IT CUT DOWN ON COSTS, CUT DOWN ON PESTICIDES, AND HE THOUGHT IT WAS GOOD FOR THE ENVIRONMENT, GOOD FOR EVERYBODY.” AGREEING TO DISAGREE. LIKE JULEE, MANY OF THE CONVERSATIONS DIDN’T CHANGED MINDS ON THE SPOT. BUT MEETING FACE TO FACE SPARKED RELATIONSHIPS. ONES BUILT ON RESPECT, CONVICTIONS & UNDERSTANDING. NOT SEEING EACH OTHER AS ENEMIES. BUT ALL STRIVING FOR THE SAME GOAL. A SUSTAINABLE FUTURE FOR FOOD. ROBERT FLEMING “I WAS TRYING TO EXPLAIN TO HER THAT IT’S ALL ABOUT THE ENVIRONMENT. IT’S ALL ABOUT MOTHER EARTH. ABOUT TRYING TO SAVE AND PRESERVE THE ENVIRONMENT FOR OURSELVES AND FUTURE GENERATIONS. I DON’T WANT TO SEE ANYONE GO HUNGRY IN THE WORLD.” PEOPLE ARE PASSIONATE ABOUT WHAT THEY EAT. AND THEY SHOULD BE. VERY LITTLE IS MORE IMPORTANT THAN WHAT WE PUT INTO OUR BODIES. WHETHER IT’S ORGANIC OR CONVENTIONAL. GMO OR NON. AMERICAN FAMILIES CAN BE CONFIDENT THE FOOD THEY EAT IS JUST AS SAFE AND JUST AS HEALTHY. NO MATTER HOW IT’S GROWN. WITH THE TEXAS FARM BUREAU, ED WOLFF, BELTON.
CROP COMMENTS
LET’S CHECK ON SOME PLANTING CONDITIONS IN THE SOUTHEAST. DAVID HARKER FROM AFFILIATE WNDU-TV IS FILLING IN FOR MIKE HOFFMAN THIS MORNING. GOOD MORNING DAVID. GOOD MORNING CLINTON. IN ALABAMA - THE STATE “NASS” OFFICE SAYS DROUGHT CONDITIONS HAVE PERSISTED IN MOST PARTS OF THE STATE DURING THE MONTH OF MARCH. RAIN HAS BEEN INFREQUENT AND SHORT. PASTURES ARE STRUGGLING TO RECOVER AND ARE IN MOSTLY FAIR CONDITION. NEXT DOOR IN GEORGIA THE “NASS’ OFFICE RECAPPED THE MONTH OF MARCH. THE BIG STORY WAS A HARD FREEZE ABOUT TEN DAYS AGO. IT DID MILD TO MODERATE DAMAGE TO BLUEBERRY CROPS AND EARLY VEGETABLE CROPS. HOWEVER THE STATE’S ONION CROP REMAINS UN-SCATHED. SOME WHEAT WAS DAMAGED AND IS NOW BEING CUT FOR SILAGE INSTEAD OF HOLDING FOR GRAIN. ....AND NOW HERE ARE SOME HOMETOWN TEMPERATURES.
TEASE
THE LOCAL WEATHER CAN HAVE A BIG IMPACT NOT ONLY ON YOUR DAY, BUT ALSO ON YOUR CROPS. START YOUR DAY OFF RIGHT WITH YOUR LOCAL FORECAST DELIVERED RIGHT TO YOUR MOBILE PHONE, JUST TEXT WEATHER TO 31313 TO GET STARTED! ALRIGHT WHEN WE COME BACK, WE’LL HAVE A MARKET PREVIEW OF TOMORROW’S BIG PROSPECTIVE PLANTINGS REPORT FROM USDA. DELECTABLE DELICACIES...ARE FILLING THE AIR AT THIS WISCONSIN PASTRY SHOP--ALL THANKS TO A LITTLE HELP FROM REAL BUTTER. AGDAY - BROUGHT TO YOU BY RESICORE HERBICIDE FOR CORN. WITH A UNIQUELY POWERFUL FORMULATION OF PROVEN INGREDIENTS, RESICORE GIVES YOU EXTRAORDINARY POWER OVER WEEDS. LEARN MORE AT POWEROVERWEEDS.COM.
FLOOR OF THE CME
IN AGRIBUSINESS GRAINS FIGHT RED WHILE LIVESTOCK BATTLE FOR GREEN--- LETS SEE WHERE MARKET’S CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. REALLY NOT A LOT GOING ON OBVIOUSLY WE’RE EVERYBODY IS WAITING WITH BAITED BREATH FOR THE REPORT ON FRIDAY I THINK THE OUT OF THE GROUP I WOULD SAY THAT SOYBEANS ARE IN TROUBLE TRADING IN THE 9.70S I THINK THEY’RE PROBABLY GOING TO SEE THE 9.40S I THINK CORN HAS HELD UP VERY WELL AT THE 3.55 AND WHEATS HELD UP VERY WELL AT THE 4 4.20 4.25 LEVEL NOW I’M GOING TO LOOK AT THIS AS A BUYING OPPORTUNITY COMING INTO THIS REPORT AND IF THE REPORT IS GOING TO I DON’T KNOW IF IT WILL OR NOT BE I THINK IT’S ALL BE PRICED IN I THINK THERE’S A LOT OF THINGS FAVORING A STRONGER GRAIN MARKET THIS YEAR ONE BEING A SELLOFF IN THE STOCK MARKET TWO BEING A WEAKER DOLLAR SO THERE’S A LOT OF THINGS FAVORING GRAINS THIS YEAR SO I WOULD LOOK FOR A SPOT TO BUY HERE WE’VE GOT CATTLE TRYING TO MOVE A LITTLE BIT HIGHER THE FAT CATTLE IS PRETTY MUCH NEUTRAL UP IN BOTH SIDE UNCHANGED FEEDERS HAS ONCE AGAIN STARTED TO EXPLODE AND THEY CONTINUE THIS BLOWOFF TYPE PATTERN WHICH IS ONLY INDICATING THAT THERE’S PROBABLY GOING TO BE A MUCH BIGGER SELLOFF COMING DOWN THE ROAD I THINK THERES BEEN A CASH SQUEEZE INVENTORIES ARE UP AND I THINK THAT OVERALL THAT WE’RE SEEN AN ARTIFICAL MOVE BASED ON SPECULATION I THINK THAT’S GOING TO COME TO AN END QUICKLY HERE WE LOOK FOR PRETTY MUCH LOWER CROSSES PRICES ACROSS THE BOARD I DON’T SEE I THINK THAT WE’VE ALREADY OVER PRICED MANY THINGS AND SAW WHAT HAPPENED WITH HOGS AS THEY OVERPRICED FEB APRIL NOW WE’RE SEEING THE OVER PRICE IN THE FAT AND THE FEEDER CATTLE THIS TODD HOROWITZ FROM BUBBA TRADING DOT COM COMING FROM THE FLOOR OF THE CME GROUP IN CHICAGO.
AGRIBUSINESS
DON ROSE U S COMMODITIES OUR GUEST HERE THE AGRIBUSINESS TODAY DON LET ‘S TALK ABOUT THIS GRAINS AND STOCKS REPORTS THAT ARE COMING OUT THIS IS ALWAYS SOMETHING TO PREPARE FOR AND WATCH WHAT ‘S ON YOUR RADAR WELL IT ‘S A BIG REPORT YOU KNOW AND BE OUT IN IN THE MORNING ON FRIDAY BUT WHEN YOU LOOK AT IT YOU KNOW WE TALK A LOT ABOUT THE ACRES WE HAVE IN THAT KIND OF THE THE ONE EVERYBODY WANTS TO FOCUS ON LIKE SEEMS LIKE WE’VE BEEN TALKING ABOUT THIS FOR MONTHS NOW WE HAVE AND THEN WE FORGET THE TALK ABOUT THE STOCKS IS WHAT WE HAVE FOR GRAIN ON HAND AS OF MARCH FIRST WERE PUT IN PERSPECTIVE YOU KNOW YOU’RE PROBABLY GONNA BE SOMEWHERE AROUND SEVEN FIFTEEN EIGHT HUNDRED MILLION BUSHELS OR MORE THAN A YEAR AGO SO THAT ‘S ABOVE YOUR PRICE OF SOYBEANS A HUNDRED TEN HUNDRED TWENTY MILLION BUSHELS MORE NEW YEAR AGO WHEAT PROBABLY TO FIFTY TO SEVENTY MILLION BUSHELS MORE NEW YEAR AND ALSO THE STOCKS ARE PROBABLY GONNA YOU KNOW BE SOMETHING THAT CAN BE A BIG FOCUS BUT THE ACRES ARE ALSO GOING TO BE WATCHED VERY CLOSELY WITH THOSE CAN CHANGE SURE THEY CAN CHANGE AS IT IS THERE. ANYTHING THAT YOU EXPECT AS FAR AS A SURPRISE GOES FROM THIS AND SEE WHERE WE’RE ANTICIPATING MORE ACRES OF SOYBEANS A FEW ACRES OF CORN. CAN THAT CHANGE IS WHEAT SOMETHING THE WATCH I DON’T KNOW WELL YOU KNOW I THINK THE SURPRISE ON THE REPORT IS ACTUALLY THE CORN ACRES AREN’T DOWN AS MUCH AS THEY ARE THE LAST TWO WERE NINETY FOUR MILLION. I THINK IF YOU CLOSE TO NINETY THREE MILLION WILL THAT BE A SURPRISE I THINK THE OTHER SURPRISES. EVERYBODY LOOKS FOR THE MIX TO CHANGE WELL REMEMBER WITH THE ACRES THAT WE HAVE A PREVENT PLANT LAST YEAR WAS WAY DOWN. IF THOSE ACRES ARE DOWN AGAIN THIS YEAR YOU COULD OF SOYBEAN ACRES ALSO UP AROUND EIGHTY EIGHT. EIGHTY NINE MILLION ACRES SO I GUESS WHAT I’M SAYING I WILL BE CAREFUL FOR A SURPRISE. WE JUST HAVE MORE ACRES THAN YOU THINK. BUT YOU KNOW THE THE REACTION TO THIS REPORTS OVER THE LAST THREE YEARS WE’VE BEEN ABOUT TWENTY CENTS HIGHER A DAY AFTER THE REPORT ON SOYBEANS IN THE LAST TWO YEARS WERE DOWN THIRTEEN FOURTEEN CENTS IN THREE YEARS AGO UP EIGHTEEN CENTS. SO WE’RE NOT HAVING THESE SIXTY CENTS US WINGS ON BEANS AND FORTY CENTS ON CORN LIKE WE DID IN CORN IS AT SEVEN DOLLARS FIVE YEARS AGO BUT IT DOESN’T MEAN WE SHOULD BE PAYING ATTENTION. HE GOTTA PAY ATTENTION AT TODAY ‘S LEVELS AND WITH THE PROFITABILITY WHERE IT IS ALRIGHT APPRECIATE IT DON THANK YOU FOR BEING HERE IN THE BACK WITH MORE AGDAY RIGHT AFTER THIS. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST. VISIT LOVELAND PRODUCTS.COM SLASH RADIATE. SEE YOUR CPS DEALER TODAY.
WEATHER
DAVID HARKER FILLING IN FOR MIKE HOFFMAN TODAY ARE THEY AS WE LOOK AT THIS STORM THAT ‘S WORKING ACROSS THE COUNTRY IS PUT DOWN SOME SIGNIFICANT AMOUNT OF RAINFALL MY FOLKS IN NEW MEXICO HAVE GOTTEN TWO INCHES YEAH AND THEY’VE BEEN FIGHTING WILDFIRES OUT THAT WAY TOO AND HOPEFULLY MORE RELIEF IS ON THE WAY WE KNOW WE COULD CERTAINLY USE IT THAT LOW PRESSURE SYSTEM MOVING OUT OF THE CENTRAL PLAINS HAS ITS EYES SET ON THE GREAT LAKES AND YOU NOTICE ON THE MOISTURE AHEAD OF THIS LOW PRESSURE SYSTEM THAT ‘S A LOT MORE RAIN ON THE NORTHERN SIDE OF THIS AND THE COLD FRONT COULD EVEN KICK OFF A SHOWER OR THUNDERSTORM IN THE ATLANTIC COASTAL STATES AS WE LOOK THURSDAY INTO FRIDAY IN WHICH YOU’LL NOTICE AS WE STOP THE ANIMATION AT SEVEN PM HERE ‘S A LOW PRESSURE SYSTEM BASICALLY IN CENTRAL ILLINOIS AND MAKING ITS WAY TOWARD INDIANA SNOW SHOWERS UP IN THE UPPER GREAT LAKES ALL THE LOW PRESSURE SYSTEM IN THE ROCKY MOUNTAINS PRODUCING OVER A FOOT OF SNOW IN SOME LOCATIONS PAIR OF HIGH PRESSURE SYSTEMS IN THE CENTRAL PART OF THE COUNTRY KEEPING CONDITIONS SUNNY AND DRY ESPECIALLY DOWN IN TEXAS WE KNOW THEY GOT SOME RELIEF FROM THOSE RAIN SHOWERS WE JUST TALKED ABOUT HOWEVER IT COULD UNFORTUNATELY BE A LITTLE DRIER THAN WE MAY WANT TO NOTICE AS WE GET TO FRIDAY MORNING THE HIGH PRESSURE SYSTEM TO THE SOUTH BASICALLY ALL OVER HOUSTON MAKING THIS TRACK OFF TO THE EAST LOW PRESSURE SYSTEM OVER THE GREAT LAKES IS PRODUCING SOME HEAVY AMOUNTS OF RAIN ANYWHERE FROM LAKE ERIE ALL THE WAY DOWN INTO THE CAROLINAS AND THAT ‘S NOT GOING TO BODE WELL FOR AREAS THAT HAVE SEEN QUITE A BIT OF MOISTURE SO FAR THIS SEASON LET ‘S TAKE A LOOK AT WHAT WE GOT PRECIPITATION WISE RAIN SHOWERS AND YOU NOTICE A LOT OF THE YELLOWS AND ORANGES SIGNIFYING THE ONE TO TWO RANGE ON THE MAP THIS WILL OCCUR BASICALLY THE CENTRAL PLAINS STATES ALL THE WAY THROUGH THE UPPER MIDWEST INTO THE GREAT LAKES AND EVENTUALLY UP TO THE NORTHEAST AND THIS ACTUALLY GOES INTO FRIDAY EVENING HIGH PRESSURE SYSTEMS WILL EVENTUALLY DRY THOSE LOCATIONS EAST OF THE MISSISSIPPI RIVER OUT AND THEN OFF TO THE WEST. IT ‘S THE SNOW FLAKES. IN FACT IF YOU TAKE A LOOK AT THE MAP UP IN WASHINGTON AND OREGON WE COULD SEE UP TO SIX MAYBE EVEN EIGHT INCHES OF SNOW IN SOME LOCATIONS OF BOTH OF THOSE STATES. WHILE IT ‘S IN THE UPPER ELEVATIONS. THAT WE’RE TALKING OVER A FOOT OF SNOW LET’S TALK TEMPERATURES THIS AFTERNOON NOTICE A GOOD PORTION OF THE CENTRAL PLAIN STATES ESPECIALLY INTO THE NORTH WERE TALKING MINNESOTA ALL THE WAY DOWN THROUGH NEBRASKA INTO KANSAS FORTY ‘S AS HIGH ‘S ALL GOOD STRETCH OF SIXTIES AND SEVENTIES ARE DOWN INTO ALABAMA GEORGIA AT SHOWING UP IN THE PANHANDLE OF FLORIDAAND THAT CONTINUES DOWN SOUTH IN SOUTHERN TEXAS AS WELL. OVERNIGHT LOWS ARE LIKELY TO DROP BACK DOWN. INTO THE THIRTIES AND FORTIES AND THIS IS ACROSS A GOOD PORTION OF THE COUNTRY UNLESS WELL YOU’RE IN THE DEEP SOUTH WE NOTICE A LOT OF SIXTIES AND SEVENTIES SHOWING UP IS A LOOK AT THE JET STREAM THAT LOW PRESSURE SYSTEM CONTINUES TO MAKE ITS WAY OFF TO THE NORTH. AND IT ‘S THE SYSTEM AFTER SYSTEM THAT CONTINUES TO PUSH INTO THE EASTERN PLAINS STATES AND EVENTUALLY INTO THE NORTHEAST OR SOMETHING THAT WILL DEFINITELY WATCH OUT FOR IN THE DAYS AHEAD. LET ‘S TAKE A LOOK. WHAT WE’VE GOT CONDITION WISE OVER A COUPLE DIFFERENT CITIES ALAMOSA COLORADO LOOKING FOR MOSTLY SUNNY CONDITIONS AND FIFTY EIGHT DEGREES AS WE LOOK TO A BLOOMINGTON TEXAS WE’RE LOOKING AT HIGHS NEAR SEVENTY EIGHT AND WATERTOWN NEW YORK SUNSHINE AND FORTY FIVE DEGREES.
TEASE
WE’LL CHECK ON CATTLE MARKETS AND PRICE TRENDS IN OUR DROVERS TV REPORT AFTER THE BREAK. AND LATER, THE LOVE OF REAL BUTTER IS HELPING THIS PASTRY SHOP BAKE A FANCY FRENCH FAVORITE.
DROVERS TV
A FRESH STERLING BEEF PROFIT TRACKER SHOWING MARGINS CONTINUING TO PUSH HIGHER.CATTLE FEEDERS NOW SEEING PROFITS HIT 475- DOLLARS PER HEAD. IT’S THE 18TH STRAIGHT WEEK OF FEEDYARD PROFITABILITY. THE COST OF FINISHING A STEER IS ROUGHLY 600 DOLLARS LESS THAN IT WAS A YEAR AGO. PACKER MARGINS WERE ALSO IN THE BLACK AT PLUS 164 DOLLARS PER HEAD. STERLING MARKETING SAYS COW CALF OWNERS ARE NOW THE ONES FEELING A PINCH. THEY ESTIMATE MARGINS JUST SHY OF 80 DOLLARS PER COW FOR THE YEAR-- TWO YEARS AGO IT WAS OVER 400 DOLLARS PER COW. THE FIVE AREA CASH PRICE FOR FED CATTLE LAST WEEK HELD STATE AT 128 PER HUNDRED. THAT’S UP ABOUT 10 DOLLARS IN THE PAST MONTH. THIS WEEK, HOWEVER, THE FED CATTLE EXCHANGE SEEING PRICES RANGE FROM 126 TO 133-- THE AVERAGE COMING IN A COUPLE DOLLARS LOWER THAN LAST WEEK.
TEASE
REAL BUTTER IS HELPING THIS WISCONSIN PASTRY SHOP BAKE UP FAN FAVORITES. WE’LL TAKE A TASTE NEXT ON AGDAY.
IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. SEE THE HARDEST WORKING TRACTORS IN AG AT KUBOTA.COM. OR VISIT YOUR LOCAL KUBOTA DEALER TODAY. THE USE OF REAL BUTTER IS FINDING FAVOR ONCE AGAIN IN U.S. KITCHENS. AMERICANS ARE EXPECTED TO EAT THE MOST BUTTER IN 50 YEARS--940 THOUSAND METRIC TONS--TO BE EXACT-- UP 8 PERCENT THIS YEAR ALONE. AS THE WISCONSIN DAIRY NEWS SHOWS US, A LOCAL PASTRY SHOP IS SHAPING UP A FRENCH FAVORITE USING REAL BUTTER. IN THE WEE HOURS OF THE MORNING, THE STAFF AT BATCH BAKEHOUSE IN MADISON IS WORKING DILIGENTLY TO CREATE FRESH PASTRIES FOR THE MORNING CROWD. “I COME EARLY IN THE MORNING, AND I MEAN LOOK AT THAT SPREAD! IT’S…IT’S LIKE A PIECE OF ARTWORK. AND IT’S HERE FOR A MOMENT, AND YOU GET TO LOOK AT IT, AND CHOOSE WHAT PART OF THAT ARTWORK YOU WANT TO TAKE HOME WITH YOU!” “WE HAVE SEVERAL BAKES THROUGHOUT THE DAY AND WE TRY TO MAKE THINGS COME OUT AS CLOSE TO OPENING AS POSSIBLE WHEN PEOPLE WALK IN THE DOOR. I WOULD LOVE FOR EVERY PERSON THAT WALKED IN THE DOOR TO BE ABLE TO GET A FRESH, HOT CROISSANT.” BATCH BAKEHOUSE USES BETWEEN 350 AND 400 POUNDS OF WISCONSIN BUTTER EVERY WEEK! THE SPECIALTY OF THE HOUSE IS ITS BUTTER CROISSANTS, WHICH TAKE TWO DAYS TO MAKE. “THE MIXING AND ROBING THAT YOU SAW THIS MORNING IS FOR TOMORROW. AND SOME OF THE FORMING THAT YOU SAW IS FOR THIS MORNING OR LATER IN THE DAY. SO WE’RE ALWAYS IN PROCESS FOR SOME PART OF THE CROISSANT."ALTHOUGH THEY MAKE MORE THAN CROISSANTS, THESE TWISTED AND ROLLED PASTRIES ARE A FAVORITE OF CUSTOMERS. AND USING FRESH LOCAL BUTTER HELPS MAKE A CONSISTENTLY GREAT PRODUCT! “I THINK BUTTER MAKES THINGS TASTE AWESOME. I TRY TO PUT IT IN AS MUCH STUFF AS I CAN, ON STUFF, IN STUFF, EVERYTHING. I THINK FOR US TO BE SUCCESSFUL IN PASTRIES WE WOULD NOT DO WELL WITHOUT BUTTER.” ALL THE TASTY TREATS AT THE BAKERY ARE MADE FROM SCRATCH USING FAMILY RECIPES AND FRESH, LOCAL INGREDIENTS. “MAKING THINGS THAT PEOPLE ENJOY COMING IN FOR, THAT YOU KNOW WILL BE THEIR LITTLE TREAT IN THEIR DAY IT GIVES THEM SOMETHING TO LOOK FORWARD TO. DOING THAT IS SOMETHING THAT I CAN FEEL GOOD ABOUT.” AND THAT’S WISCONSIN DAIRY NEWS.>
CLOSE
THAT’S ALL THE TIME WE HAVE THIS MORNING. WE’RE GLAD YOU TUNED IN. FOR DAVID HARKER AND ALL OF US AT AGDAYI’M CLINTON GRIFFITHS. HAVE A GREAT DAY.
