tv U.S. Farm Report FOX October 24, 2010 4:00am-5:00am EDT
the hot farmland market today on u.s. farm report, words of caution about the hot farmland market. even has the herd shrinks, there's still plenty of milk. and the biggest usda customer customers -- nobody's more intune with motor sports than yamaha. welcome to u.s. farm report. you would think sense we use the word global we would be more aware of what goes on around the world. we continue to be surprised by export demand. it was china again. our experts were a much smaller
factor in the market sources. to make it more challenging, we're discovering our understanding of foreign customers as at best outed. one problem with being a really big player on the big scene is we spend too much time thinking about just ourselves. here's al pell. >> thank you, john. could u.s. farmland be the next bubble at risk for bursting. a leading bank regulator says it's not out of the question. sheila bare says it's important to monitor for signs of instability like the house and stock markets. as we've been reporting, farmland values remain high while others have fallen sharply. those positive fundamentals can change. the help of over 1500 farm banks could be threatened if the positive -- sector suddenly
re reversed. usda reports that milk production climbed 3.3%. while production increases, the herd continues to dwindle. once the biggest buyer of u.s. beef, japan, appears to be analyzing the safety of meat older than 20 months, again. they've allowed meat from animals that are 30 months or holder. according to bloomberg, japan officials are collecting data on risk assessment. japan safety commission must rule that policy will not
increase human risk. the ban was relaxed in 2005, but it's still limited imports to cattle 20 months or younger. that's it for headlines now. now back to john for crop watch. crop watch this week begins in indiana. much of the state remains critically dry. this photo should serve as a reminder. it's a field fire in marshall county in the northern part of the state. we're told a neighbor was burning trash, and it got out of control. in lubbock, texas, they had good rains and good production this season. in fact, it may be a record cotton crop. and in massachusetts, an extension in plymouth says
cranberries will be smaller than expected. it's brought on by excessive heat and drought, the fungus. this event will bring together marketing minds in agriculture, including some of the minds you see on u.s. form report. the event is set for december first and second at the pheasant run report in st. charles, i, illinois. head online to --
our guest this is week on u.s. farm report is brian dorta from -- peterson. i would like to talk about grain. what i wanted to pitch to you is a lot of farmers are are surprised that all during harvest season, the corn and soybean and other prices are continued to go up. what is the situation and what should we be doing right now? >> excellent question. a lot of people are asking that. going back to june, we got a favorable stocks and acreage
report. between those two, the sheet dropped. into the summer, we had rains, nitrogen leaking and then we had the drought in russia, and the world woke up and said where are we supply wise with everything. we had a rally of three to four dollars. the investment came in and there was a lot of money in commodities. we got into corn harvest, and the yield numbers didn't measure up to expectations. most farmers we talked to all the way up to north dakota, five to 20-bushels less than they thought before harvest. that's a big deal. so between 800 million-bushels
there and 500 million in june, now we're about 900 million- bushels in corn. >> so that really has put the local producer who had already sold his corn. maybe i sold to quick. not really, but under normal circumstances he made a good decision. what does he do now. what's our steps. >> producers, when the market is going down, they never have enough sold. when it goes up, they shouldn't have anything sold. that's produce corn and manage that inventory. that's what happened this year. we've been in an up trend for four. there's always regret. i think producers should take a hard look at how to have a healthy balance. now that the supply and demand numbers have narrowed in, all of -- is going to be focused on
the u.s. dollar, what's happening in china. all those arrows right now probably still point upward, but for the end user, they're saying we can't chase this forever. we need to balance this through good marketing and strategic planning. >> what are some of the things we should be doing? is it time to forget 2010 and go on to next year or what? >> well, there's no real strong sell signal for next year. if i had to throw a technical bias out there, we're going to see 5.75 for corn and 12 for beans. that's what you want to sell value, a good 20, 30% of the crop on value. regardless of where the market goes, they're good sales. that's same case that happened in 2010. farmers that sold last winter, they're still good sales. they were profitable and good return on investments. they shouldn't beat themselves up for that. >> you're not recommending that
a farmer become a specklator now? >> define what a specklator is. if you sold that corn, you know, there's no law engraved in stone that a producer can't reinvest those dollars to retain ownership. so i would have knowledge of how to do that, if i'm a farmer, but i would do it with a fixed risk strategy or if you're going to use futures, make sure you have a risk on it. why sell the crop other wise. balancing everything and going back and weighing all the tools and coming back with plan that captures rally or minimizes downside. >> so you have risk management and also leave the bottom -- >> it's easy to be bullish
our guest on round table, we're going to talk about livestock. i think it was thursday, last thursday that cattle prices went up about $5 a hundred just like that and hog prices have been going down a little. where are we going with livestock in the face of higher feed prices? >> volatility. we'll summarize it with. that as far as where we're
going, it's challenging to make a bearish argument in cattle or hog. you've hat -- had tighter credit limit from the lending institution. particularly in the dairy industry, so what's happen is the cow numbers continue to slide. we're not going to all of a sudden rapidly increase the cow herd and therefore the feeder cattle and everything else. all of that combined, you have a limited supply. you have a shrinking world market that's looking for protein. i think they're in an up trend. they're not rebuilding. credit is tight and farmers, the average age is 56 years old. they're looking at this going do i really want to find $5 corn? it's a changing market right now. so optimistic on cattle, and i
think hogs, same thing, optimistic. >> when you're talking about optimistic on cattle, we know the numbers are down and it takes -- you just don't breed a cow and have that calf next week. it takes the nine months gestation period and in some cases a year or two before you can actually get the increase in numbers that can affect the market. is that true? >> absolutely. that's why this cattle market is well supported. there's nothing on the horizon that we see right now that suggests the cattle numbers are going to grow anytime soon. quentinly less demand issues, which it can with higher prices. we've got a higher market. >> let's look at the hog market. the hog gestation period is shorter, and they tend to turn around quicker. also, they don't have one or two, they have eight or ten per
sow. so they've been marketing at heavier weights too. is that the reason for the southern -- >> it is now. october historically is a more challenging time for the hog market. carcass rates are up. we have a manageable slaughter numbers. 20,000 on a weekly basis, but when you look at the big picture, we're not looking to expand anything of significance. you've got the whole world seeing a growing middle class moving out of an economic slump. we've got the inventory in north america. >> there's still people out there that are not factories by any sense of the word. do you think they're getting
edgy? >> i'm not sure what you think about edgy. >> well, i don't raise enough corn to feed my hogs, so i have to buy it and i can't afford it. >> the old commercial is we're olds mobile, we're not your father's car. it's the same thing. you don't see hog farms very more, very few of those hog farms. the producers, they're really scratching their head right now. do we expand, do we not? even the large operations are having to execute a lot more risk management on the feed input side. subsequently it's going to be a longer cycle. i think we're higher into next year. >> any word of general advice to the livestock producers that you would like to offer here in
drought, especially near the gulf coast. now, we have the drought monitor outlook. this is what we're expecting. for some of those folks, we're expecting to see improvement, but it is a very bad news for this gulf area. all of these areas you're seeing in red is where we're expecting to see those conditions worsen. where we have the green light is where things are expected to improve. we'll take a look at what we can expect for the week ahead. here's a look at the jet stream. we'll see cooler weather coming into the northeastern united states. it's going to see a much more active pattern through the northeast. we're going to see a front
that's coming across the nation. some wet weather in places that haven't seen wet wet weather. chances of rain and some upper elevation, know there. there's maybe some thunder left as we get along here. for showers along the southern plains. then we'll see a trough come through. also, wet weather along the east coast. we'll have more weather coming up later in the show. >> visit the new wwagweb.com. everything you need to succeed. find it all online at www.agweb.com.
this is campaign season has featured many intense discussions about our large and growing federal deficit. on the face of it, the main purpose has been assessing the blame, but the answer that's been ignored is the tricky part, cutting our spending. we might want to look up from our arguing is to watch what the conservative coalition in britain is doing. just to give you an idea, support from universities was reduced by 80%. even defense spending was cut 8%. i could go on, but one key cost
saving technique they are employing is means testing. if you make over $100,000, you won't qualify for many of your former government payments. there's a risk these cutbacks will plunge them into depression. but it will prove to be an example one way or the other. if they manage to avoid the worst, i think we could see that deployed here. for the ag industry, the -- could be enormous. the bulk of our payments go to farmers. let us know what you think. coming up in our next half hour, a north carolina pork operation is honored for its commitment to the environment.
usa.gov is the official place to connect with your government. from surplus car auctions to finding a new job, our new mobile apps will keep you updated on the go. so from marriage records to passport applications, veteran's benefits to birth certificates, patent applications to energy saving eas, product recalls to home buying tips, check out usa.gov. because the country runs better when we stay connected. report... egg producers work to recover from the great egg recall we visit a pork operation with a longstanding commitment to environmental stewardship. and baxter black and geese: can't we all just get along? hello and welcome to u-s farm report, i'm
hello and welcome to u-s farm report, i'm john phipps. the ongoing drought in the southeast and southern midwest is getting wi welcome to u.s. farm report. i'm john phipps. the drought is getting wider attention in the general media. the amount of hurricanes and lanina has combined with -- more ominously there are few predictions for relief. it's safe to say we'll be talking about this for some time. in this particular instance, the most perverse aspect of it
is it follows almost on the heels of excessively wet weather last spring. >> the fda is allowing one of two iowa companies involved in the nationwide egg recall to begin shipping eggs again. hilton dale farms can start shipping hes from three of their egg houses. another 3 have to undergo additional testing, but the other company is still prohibited from shipping eggs. an investigation showed numerous violations at the iowa facilities. this week the fda sent a let to rethe company stressing that if they did not correct things, the agency could take action. now, they were warranted that failing to take prompt corrective action may result in
regulatory action. these action include but are not limited to seizure or injunction. a discrimination case more than a decade in the making is getting resolution. the class action suit said native americans were discriminated against by the usda and their loan programs. if i recalls have agreed to settle for $760 million. now, meteorologist sinty clausen clausen. we're going to be seeing a lot of changes next week, especially in the eastern part of the country. we're going to be getting into a more wet and cool pattern. here's what monday is looking like. we're going to see cooler temperatures with chances of
rain from the great lakes. as we head into wednesday, we're going to see cooler temperatures as well. we're going to be seeing some wet weather across the eastern seaboard. another chance of rain cops your way and it is neither for thursday. the tail end of that on friday as the system moves on to the east, putting snowflakes up into the northern -- a big trough comes to the eastern part of the country. we'll see warm temperatures out west. what can we expect after next week. warm temperatures for a lot of the plain states. we're going to see temperatures from illinois and indiana perhaps into florida. as far as precipitation is concerned, above normal precipitation for a good
portion of the eastern half of the country, also in the pacific northwest to oklahoma and texas and other parts of the southwest as well. now, the official winter outlook was issued this week from the national weather service, from december, january, february, we're looking at warmer than normal temperatures for most of the southern country, especially if you're in and around texas. as we head on to our precipitations, as far as december, january, february, that winter outlook, dry along the southern tier states. a lot of forecasters are going to be watching the strengthening of lanina. with an early harvest, many farmers are getting a head- start on fall
tillage. but this additional time is allowing them to analyze that with an early harvest, farmers are getting started on tilling. this is also allowing them to analyze that tillage. we head to southern michigan. leon just stuck the plow in the ground and went. but this year it's different. >> we're trying to get the uniform. you look a little closer at your chisel plow and at some of those things that you never looked at quite as closely before. you never noticed things, but now you're making changes as far as the way you cross the field, stuff like that, try to
and beyond to preserve their property. cindy cunningham show how to manage modern agriculture. >> reporter: like my producers, they associate steward ship with family. mark operates with a bit broader definition of family in mind. >> with the hog operation and all the land that was here, we integrated those wildlife enhancement programs to make it part of our family actually because we like to hunt and fish. it was important that we understood highway that was related. we started planting food plots. it enhanced the wildlife so
much. it was a natural instinct to do that. when you're a farmer, you utilize all of your land and see it. >> preservation and -- are an instinct to the daughterys. >> everything was done the way it was supposed to be done. we know we did a lot of environmental things. we want to pass it on to generations and show other people this is what the farm is all about. >> founded in 1989 on mark's family farmstead, it's gone steadily to a finishing operation that produce produces 16,000 annually. >> recycling and ecosystem.
>> there's more that you develop it and use it, the better you realize this is perfect. >> daughtry uses science in the farm's lagoon where anker row bic -- >> the river basin is approximately half a mile from here. we make sure we protect that, of course. it has the first wildlife. it's a great place to fish. it's really a beautiful place. >> his focus is also on technology. water usage is monitored and
it's even recycled if possible. >> we have to protect that at all costs because everybody uses that. if you don't have good ground water and quality, our future generations have going to have a problem with good water. it's important we conserve and protect it all the costs. why wouldn't you take care of your land and the resources god gave us. it's natural do that? it fits in with the mentally and the resources you have. if you take care of the land, it takes care of you. >> i'm cindy cunningham. >> to learn more about all four winners, head online. next week we're off to the
your farm? baxter black joins us now with one man's answer... j what do you do when gaggles of geese descend on your farm? baxter black is here to tell us. >> some cities are complaining of -- but to wheat farmers on the fly way, the problem is less one of sanitation and more one of projection. the geese eat the newly sprouted wheat. >> keith farms in north central oklahoma, they've been regular squatters in his field for years, but the goose population exploded, and it's taking a toll on his prop and patience. last time he was asked to hunt on his place. when he picked them up after dropping them off, he drove by
his wheat fields, new growth was growing up. he also noted 500,000 geese had flown in and set up camp, and they were busily plucking the sprouts. boys, time in the back and i will take you for a goose run. >> well, they did. keith got on the inside of the -- and put it in four-wheel drive. he flew through the flurry of geese. the sky was black with them. in the blink of an eye, he was clear of the geese, although it was impossible to see out of the windshield. apparently they performed an -- they looked like they had been in an oatmeal store or stepped
on a butterscotch mine. speared and behinded and buffed as the blizzard of geese had flown over at ground zero. the smokesman removed his swing and a miss and wesson sun gases. he looked like a raccoon. they shot first, he said. what he did -- this is baxter black. from out there. again in two weeks to outline the "anatomy of a baxter joins us again in two weeks to outline the anatomy of a -- check out his work online at www.baxterblack.com. when we come back, a florida collector shows off his collection. a little paint and elbow grease can
a little paint and elbow grease can go a long way when it comes to restoring classic iron. during a trip to florida, we found a during a trip to florida we found a collector who used elbow grease with his old john deere. >> this is a 1944 l.a. john deere. it was used for various types of thanks on the farm. it was primarily used for circle barn mowing for hay. i restored this one about 15 years ago. it was in pretty bad
shape. it was beat up and banged around. we had to do quite a bit of work on it. we completely disassembled it and repaired some parts on it and then assembled it back and gave it a paint job. we've been showing it ever sense. they're a unique tractor. there's not an awful lot of them around. it's small and it's easy to show at the shows, is the way i feel. >> deer built the model through 1946. in honor of this event, a restoration event was conducted
by the parish. dan boone's grandfather helped build the parish years ago. our second church is -- in butler, illinois. they will celebrate 150 years of service next weekend. after meeting in the local schoolhouse, the church was built in 1862. over the next century and a half, they improved their church home. one -- and continues its work today as an outreach and community improvement effort. our thanks to marilyn.
time for this week's feedback in the farm report mailbag... connie pals writes about how we cover organic time for this week's feedback in the farm mail bag. connie writes about agriculture. i would like to see more reporting on organic farming. is this something you could add to your program. you mentioned two separate but
related aspects of farming. organic production is nongmo. we cover both types of farming, but we focus on how producers meet a specific market rather than methodology. only two crops are intensely gmo. for whatever reason, there seems to be a market penetration limit of about 15%. after decades of intense promotion of products in europe, market shares are stag nat. also, it's really difficult to demonstrate any advantage for consumers. more interesting is the debate in organic circles right now about gmo technology since they lowered the need for
pesticides. our coverage will follow market friends, currently the demand for nongmo and/or gappic products are at best and they appear to be solutions looking for a problem. as always we want to hear from you. send comments to usfarmreport.com or leave us a voice mail. for al and cindy, i'm john phipps, saying thank you to u.s. farm report. we'll be working to do even better. [brr, brr, brr]
engine starts for the millions living with copd, breathing becomes a real s. copd stands for chronic obstructive pulmonary disease, but you may have heard of it as chronic bronchitis or emphysema. over time, it makes it harder and harder to breathe, until you feel like you're breathing through a straw. copd is the fourth-leading cause of death in the us. it kills one person every 4 minutes. and it took my grandmother. an estimated 24 million americans are affected, but as many as half of them don't even know it. it's a race against time to spread the word about this serious disease. if you're over 35 and have ever smoked, you could be at risk. the good news is there are steps you can take to improve your symptoms. i'm danica patrick, and i drive 4 copd. take action today to breathe better tomorrow. join the movement at drive 4 copd dot com, take our screening questionnaire today, and talk to your doctor.