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tv   AG Day  NBC  October 14, 2015 4:30am-5:00am CDT

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lele weather watchers prepare for a frigid front. plus, in agribusiness...strategies for end users. i think that the most bearish circumstances fundamentally have already been traded and meet a wisconsin dairy farmer fulfilling two dreams thanks to support from his family. agday-brought to you by the dependable, long lasting chevy silverado...and by farm credit. learn more at farm credit 100 dot com. good morning i'm clinton griffiths. weather wise the majority ofofhe country experienenng decent weather this harvest season. however cooler temperatures a a the chance of
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pushing its way across the great kes--expected to hit friday and into t t weekend. meteororogist say there's a strong chance of a frost or freeze...stretching from the dakota's, minnesota, wisconsin and down to st virgina. some of the higher elevations could get snow. usda releasing it's crop progress report a day late. corn harvest now at 42 percent. that's right on pace with the five year average. soybean harvest actually running ahead..this year. 62 percent of the nation's beans have been cut...the five year is 54. and 22 percent of cotton is cut across the country---most of the southern and southwestern states are on par with the average pace. (the i80 harvest tour -spnosored by enlist weed control system from dow agrosciences. combining the proven control of a new 2,4-d and glyphosate. take control of tough weeds like never before) like many states in the central and eastern corn belt, illinois experienced its wettest june on
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the state saw precipation 224 percent above normal! northeastern illinois was one of the areas hardest hit. for this week's i-80 harvest tour, betsy jibben makes a stop in the 'i' state to see how the crops clinton, variability is one word that just keeps popping up this harvest season, especially in northeastern illinois. now these farmers tell me too much rain in june hurt the c/rn crop, but nice timely august rains really helped shape up the soybean crop. a lot has changed throughout the growing season in northeast illinois. but some remnants of the season's heavy rains remain. coal city, illinois farmer mark wills may be taking a rain break today.. but the majojoty of fall
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stretch of weather,"> quite a change from momohs earlier.. the area receiveveabout 30 inches of rain in june.. a tororto then ripped through his small mid-western town shortly after. with his averages down..this is shaping up to be a 'crop insurance year.' but the surprise: his soybeavs are doing better than he expected. thirty minutes northeast, jim robbins is taking the wet afternoon to fix machinery. he too, would rather be rolling.
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wife, i just want to get this year over with because it was a struggle,"> robbins' area was hit with just half of the june rainfall wills received.. but it's still considerably more than normal. robbins says the quality and test weights are fairing well. but like wills, robbins says the soybean yields are doing well for the amount of stress it was once under. but he too, says some farmers in the area may have to rely on federal crop insurance this year. it's a season many farmers in the 'i' states aren't used to.. as a rain delay this harest beomces a firm reminder of the yields the wet summer robbed from their bin.
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us it's an all handsdsn deck kind of hahaest. mike. that's right clinton. we'll start in sioux city, iowa. a a ewer sent us t ts photo of little cohen howard taking g ride with his uncldan in the soybean fld. these farmersay the soybeans are yielding well, but educating future farmers about the crops may make harvest worth while. while down in alabama, state ag officials say yields are respectable this year despite an extreme dry stretch late in the ason. extension experts say most corn has been harvested averaging between 150 and 175 bushels per acre. soybeans are also coming off--with an average of 40. and cotton yields are looking good but farmers@say low demand and low prices continue to weigh on production. taking a look at crop moisture you can see the dry areas in arkansas louisiana other parts of the southern mississippi valley and the southern plains but the mid atlantic especially because of
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all that moisture a week and a half ago has turned pretty wet i'll have my forecast coming up in just a little while the world is now awash in milk. that's the headline from rabobank's dairy quarterly report. the report says all that extra production is in the process of sorting itself out. it says milk production appears to have continued to expand faster than demand over the past few months. the e-u and its elimination of quotas the main driver behind the increase...although most regions around the globe seeing expansion. rabobank expects the market for new milk tighten in the first of 2016, as low milk prices-especially in new zealand--put the brakes on production. however, those lower prices should entice more demand from consumers. dickrell says some
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its production by 50 percent. the netherlands expected to increase productioioas well. speaking o odairy and end users,s, we'll talklkuying strategies for livestock producers hoping to lock in reasonable feed costs. and later, meet a man dedicating himself to serving the countnt, while his familylyinds a way to keep production at home on pace fothe long term. for 150 years cargill has been working side-by-side with farmers and the agricultural community. thank you for being a part of this success. we continue to look forward and are excited to
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ss after a sleepy columbus day lets see how markets moved tuesday from the floor of the cme. tuesday's grains seeing higher prices across the board. i think what we're seeing is exactly what we
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now we're getting them. corn remains stuck in that consolidation range. that's 3.80 to 4 dollars. again, i look for corn to break out. look to be a buyer about 3.80. soybeans have been in that solid ban for months. and finally today is broken out. in fact, in the last 10 to 12 minutes in the day, we added on another 15 cents into the rally. tuesday's livestock, we see pressure in the meat and in cattle and a rally in hogs. of course, last week we talked about feeders up to 1.88 and a high today is 1.75 and 1.86. live cattle looks to be a 1.38. i think that's another great selling opportunity. again, remember the high prices eventually did cure high prices. with what we've seen now, these markets are under pressure and remain under pressure. i see no reason to believe something will change that. that's the way i see it. this is todd horowitz
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in chicago. join me at the agribusiness desk, brian roach, roachag marketing. brian let's talklkbout the livestock sector. it's'seen a rough few weeks for the cattle, , ybe a rough few montnt for the cattle--pararof that, but therers a lot of things, a lot of pieces moving right nono>> well, i mean youu know, cattle had...we were at the high side of the cattltl rket, kind of on a multiyear high for the last couple of years and now we are beginning to cycle down on these lows and find what those lows are. i don't know that we have put them in yet, because inventories are still rising. waits are still up, but we've seen since independence day, we have seen a lot of pressure on the cutout values. until recently here we have seen a nice little rise and i think that we still have a little more to go here, before cattle guys are going to want to hedge some of this off. october's we finished lower today, but i think october probably has 5, 6 dollars left in it to the upside. and the real challenge for these
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that they get enough corn and the meal bought for the livestock and at these kind of price levels it's not going to be an easy decision.>> ok, explain that a little bit.>> well, if you look at...i think that the most bearish circumstances fundamentally have already been traded, so we traded those back in august. and if you look at where are we going to get chances to buy 3.60 corn on the board and sub 300 meal, we just haven't had it and i don't know that we are going to get it. you know, i work with a number of venues that are in that camp and we are patiently waiting and i think we are going to have to adjust about how cheap we can buy crops and we are also going to want to cover even at these prices or slightly below this, we are going to want to cover a lot of next year's needs, before weather has a chance to change. we have had really good weather for the last couple of years and we all know that weather patterns tend to change and this el nino that's
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one of the strongest in history, uh, if it declines sharply then that often leads to a a ss productive crop p ar the llowing year and of f urse if it changes just slightly the outcomes of that historicacay are different.t.et--i think users want to build positions at current prices, maybe slslhtly below when the opportunities come up.>> all right, thanks brian. we will be back with more agday in just a minute. (agday -brought to you by basf. grow smart with basf d get the most
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hoffman. mike, we've kind of had a pretty nice fall to start the year. but it's going to get colder. yeah, that next cold front coming into montana, that will spread through most of the corn belt. that will bring that chilly air. but even near in front of it,it's a little on the cool. although with all the pleasant weather we've seen recently, it's kind of making it near normal for most of the northern-central plains. even into the southeast today. you can see little moisture going on. a few spotty showers in northern florida and a few spotty showers or drizzle in parts of the northern or eastern great lakes into parts of new england. other than that, it's perfectly dry across the country. we will be watching this area of low pressure off the south-west coast. but it's just not making a whole lot of progress. it will throw moisture to southern and central california though the next couple of afternoons. some folks will get some much-needed rains. just not as widespread and nothing real heavy. there's the cold front, the one that's going to change things into a much
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late in the day tomorrow, that's going to be moving into minnesota, nebraska and cocoinuing to spread southeastward. the initial front isisaking its way into s sth florida asase head toward tomomoow afternoon and that will be causing showers there. there will b bshowers ahead of thihi stem in the great lalas and in the northehet. you can see that cold front will drift southeastward and overtata the entire ohio valley before all is t and done. not a loof rain to talk about. moisture very limited there. a couple of spots in the soueast and some of those light showers and tenth of an inch and fifteen-hundreths in parts of the northeast. adding on the next 36 hours, we'll add just a little bit more in the northeast and northern great lakes and very little in south orida. and we will a more in spots in arizona and central and southern california. as far as temperatures go, it's on the cool side, 50s and 60s into the northeast. still 80s along the gulf coast and 90s showing up in many parts of texas and the far
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southwest. low temperatures tonight. again, this is ahead of the chilly air mass. we're not talking frosty here. mainly low to mid-40s. that's in the great lakes, ohio valley. but down into the 50s even in northern dixie. that's chilly air for you folks for this time of year. highs tomorrow afternoon back into the 90s for parts of oklahoma and northern texas. we're going to see some low 50s showing up in montana and north dakota as that chillier air mass starts to come in. there's the jet stream. you can see how it will continue to pull that cold air down. that second air mass the next ripple holds the trough over the great lakes through the weekend. then we go to a ridge over the next few days with the trough developing out west. that's a look across the country. now let's take a look at your local forecasts. first of all, for holbrook, arizona, lots of sunshine and warm today. high temperature up to 84 degrees. also in springfield, illinois, a lot of sunshine. pleasant. the afternoon high is 77. and finally, baltimore,
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around 67. when we come back, we've got the latest tally on tractor sales for 2015... and later we're head to wisconsin to meet a farm family that's passionate aboututheir operation but willing to pitch in while e member of the tete pursues service beyond the barn. receiei a free trial of the daily market letter a a gain knowledge abouou current market c cditions from the professionals at bower trading. view the markets like
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usda is projecting florida's orange crop will shrink to the lowest point in 52 years. and it's all thanks to citrus-greening. in the season ending september 30th report, florida will collect 80 million boxes. that's the lowest since 1964. last season, the state produced almost 97 million boxes. pnted acreage in the
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greening continue to impact production...it causes fruit to shrivel and fall from trees...eventually killing the plant the disease was first discovered in the state in 2005. it's now blamed for the loss of 100-thousand acres and 3-point-6 billion dollars in state revenues since 2007. a serious potential threat to michigan's vegetable farms was found in five fields. agprofessional reports the swede midge, an invasive pest, threatens the state's cabbage, broccoli, cauliflower and other vegetable farms. the michigan ag officials do not know how the pest got to the state. the first u.s. detection was made in new york in 2004. since then it has spread to at least seven states and six canadian provinces. vegetables are grown on nearly 3,000 farms in michigan. the association of equipment manufacturer's releasing it's september flash h port. it shows trtrtors sales in the u.u. through the first t months are down 12 percent compared to a
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tough--up p percent over last year. bigger units continue to struggle, two wheel drive 100 horse plus tractororare off 23 percent. four wheel drive tractor sales are off 45 percent. combine sales have fallen 37 percent so far this year compared to 2014. when we come back we'll meet a man living not just one dream but two thanks to the love and support of his family. that story next. agday-brought to you by yamaha, makers of viking side by sides. yamaha-real world
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(in the country brought to you by the all new kubota ssv series skid steers. you asked for a quality skid steer and we delivered. visit your local kubota dealer to test drive one
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overwhelming road. today, the wisconsin dairy news introduces us to a dairy farmer finding a way to pursue two passions thanks to love and support from his family. video courtesy, wisconsin dairy news stephanie hughes dairy farmer pittsville, wi alan hughes, dairy farmer, pittsville, wi alan and stephanie hughes are teaching their young sons, bryce and gavin, the responsibility of caring for their herd of sixty cows. "they love doing chores, they love being out in the barn, i mean, how nice is it to raise your children on a dairy farm?" on their small dairy farm in pittsville, wisconsin, the boys even help theieidad fix his antique tractors when they're not busy wororng with the cows. ood job, give me fiviv give me five!" somewhere along the way their fafaer, alan, went fromm refurbishing his grandfather's farmrml-20 tractor to fixing up f16 fighter jets as a member of the 115th fighter wing of the wisconsin air national guard. "this is something that i've wanted to do my whole life, but the one reason why i did it at this point in time was becauseof the support and encouragement
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that i received from stephanie." while the couple shared a dream of running a small dairy farm, alan also had a dream of serving in the military. so, stephanie encouraged alan to pursue his dream and dedicated herself to running the family farm. "i couldn't wait for him to get a hold of that passion or that thing that he wanted to do in life. and he has that now." alan's work ethic and motivation, which were second nature on the farm, helped with his military training. "for me, i don't know if there's anything else that would have been as rewarding as serving in the military." knowing that stephanie is able to take care of the farm and the family makes it a little easier for alan to pursue his dream. "that's a big part of the reason why i didn't join the military earlier is because i didn't want to give up the farming and the agriculture side of thing, and i'm very lucky to have found a way to do
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thank you and your family for your service to america. that's all the time we have this morning. we're glad you tuned in. for mike hoffman, and betsy jibben. i'm clinton griffiths. have a great day. (high strength steel for high strength dependability, the chevy silverado is the official news
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