AgDay 10/08/19

AgDay 10/08/19


from the studios of farm journal Broadcast this is acting coming up on AG day the nitrogen will strip the co2 out of the beer and make it nice and smooth breaking down the science of the food and drink we eat our times changing for the dairy industry domestic demand continues to grow as trade talks once again turned to China AG day presented by the Chevy Silverado and the all-new Silverado HD the strongest most advanced family of Silverados ever good morning I’m Clinton Griffiths another round of trade talks between the US and China are underway in Washington farm Journal Washington correspondent Jim we spire saying more talks are taking place today between deputy level officials Thursday and Friday will be high-level talks u.s. officials taking part include trade representative robert light Heiser and Treasury Secretary Stephen minuchin Vice Premier Leo he will leave the Chinese contingent president Trump continuing to say he sees a very good chance for a trade deal [Applause] possibly the world I would like to get a lovely shiny that’s okay but what we’re doing [Music] we Smyre says some of his sources report the Trump administration officials and business leaders have discussed ways each side could make concessions to yield a mini deal that deal would possibly delay the previously announced October 15th and December 15th tariffs as the talk started up again on Monday USDA announced another flash sale of soybeans to China it reported 198 thousand metric ton buy of soybeans by the country now Reuters reporting Beijing has now scheduled about 3.5 million tons of US soybeans for delivery since early last month that’s only about 10 percent of what they were buying every year before the trade war China’s commerce ministry saying last week Chinese companies have agreed to buy sizable amounts of soybeans and pork from the US but it didn’t specify the amounts and the impact of the trade war continues to be reflected in Ag export numbers the value of us agricultural exports in August came in at ten point four six billion dollars that’s down from ten point seven nine billion in July it represents the smallest export total for the year that brought the cumulative export total to 124 point four six billion also down from 2018 in an effort to increase the tech sport market jbs USA says it plans to produce pork without a growth drug ban by China now it says it will remove ractopamine it’s a feed additive used to raise leaner pigs jbs USA also owns Brazil’s jbs sa it says it removed ractopamine from internally own production systems in August of last year now the company will also remove use of the drug from the diets of hogs owned by farmers who sell their animals to JBS USA now the pork is sold under brands that includes swift and swift premium farming traditions passed down from one generation to the next are a hallmark of the family farm as meteorologist Kimberly Newman shows us in today’s crop comments Kimberly well this is pretty great net health Lee of Kansas Illinois shared this video on Twitter he says this is his dad coming by to go for a ride during harvest time he says his dad just get this 89 years old a few weeks ago and age is just a number for him great to see those families farming together looking closely at those wind speeds across the area it looks like it will be especially blustery through the midsection of the United States here from the northern plains stretching down through the plains and into the panhandle of Texas this carries us through this afternoon with 25 plus mile an hour winds as we’re looking at potential snow falling in parts of Idaho and northern Montana meanwhile as we get into our Wednesday morning tomorrow it seems as though the wind is really in the same spot throughout the plains but it drops a little bit farther south along the Rockies where we’re expecting to see some gusty or winds through parts of Utah and into northern Arizona I’ll have more on your full forecast coming up in just a bit now here are some hometown temps introducing farm journal TV on-demand 24/7 AG date machinery PTV US farm report on your phone and tablet download the farm journal TV mobile app today what are you planning to do with this year’s crop store it or sell it right now some insights that could help you make a decision coming up and later unlocking the secrets behind what makes your favorite food and drinks taste so good hey y’all Justin Moore here get ready to kick up some dust with the rocks or dirt roads and a country show sweepstakes enter now for a chance to win a customized off-road rock soil and two VIP tickets to one of my upcoming concerts visit rocks or off-road com forward slash justin law we told you about the EPA’s plan regarding ethanol planet hopes will help farmers and also increase the man now the oil industry is responding American Petroleum Institute and the American fuel and petrochemical manufacturers releasing a statement saying quote this rushed policy announcement is equivalent to changing the rules in the middle of the game and is a loser for the American consumer if this arbitrary policy was conceived to help farmers it provides no immediate relief instead it only further distorts the fuels market it is by no means a win-win we will vigorously challenge this new policy in the weeks to come and continue advocating for Congress to reform the RFS end quote now under the plan there would be an unspecified increasing the amount of ethanol oil refiners would have to blend starting next year the EPA putting the issue up for public comment now and once the rules are finalized the EPA says it will ensure more than 15 billion gallons of ethanol are blended every year November soybeans open higher on Monday but failed to rally above Friday’s session highs let’s see where we’re starting things out this Tuesday from the see me today in the grain market soybeans were a little bit mixed some consolidation channel has really extended for the last number of days China did buy beans and the winter storm ahead is keeping the futures of float but not by much which is kind of interesting because you think that this bullish news really should have pushed this market around a wheat is also steady funds are still holding their positions when all the data is really basically bearish concerns that the early snow could hamper some of the harvests it’s not really moving the needle much China we know is reluctant to agree to any kind of broad purchases across the board and that’s definitely what we would need so we’re definitely watching the us-china trade talks they’re going to be coming up soon and anything else that might give us a little bit of a tell to give us a direction on this market right now but the numbers will tell the tale at the end come Thursday when the USDA report comes out today the fetus were a little bit easier the futures were just starting to slip somewhat and we see that the feeder cattle market technically has been down the last couple of days not by a lot but perhaps the trend is turning and it’s gonna bring the live cattle along Bob loader back with other back marketing stopping by the studios today Bob let’s talk about not just our direct commodity markets like we do most days let’s talk about the outside markets and things that could end up influencing or influencing commodities and land and so many other factors in our lives I find it interesting that the markets so focused on some of the big features global warming terrorism and the public media and the fires going in Washington and we’re in a story that seems that’s not getting any traction at all is the monetary stimulation that we’re seeing by the Fed banks into the money supply the last three days have infused a tremendous amount of money and you know I don’t know the reason for sure and I’m trying to find out if anybody’s got a real reason please call me and I’d like to hear why they’re doing it and I’ve heard the numbers that are staggering how much should be sniffing and greater than the tarp in the 2008 situation but it seems to me that we’re putting liquidity into the system which is inflationary and you see that reflected in the gold you guys see money’s come into gold significantly and silver and the dollar is now back to 98 from its lows it’s halfway to its record highs but the dollar is firming and that’s gonna make exports even harder for us to ship sure I think the impact on farming is going to be the natural tendency is we talk inflation although the market is going to go up so I could hope for higher prices but I think the real auction will be is your input cost are going to go up fertilizer cost and I think you’re gonna see equities come money come on equities going into land and you see land values not declining so cash rents don’t break so costs go up but your selling price with more acres planted goes down and also the margin squeeze is on so that to me is a very strong indicator in a November December time period I got to make a hard decision about this whole 19 crop do I really want to take the gamble and store all the way to next year and not sell the carry and hope for a weather scare market which I do farmers do such a great job of selling weather scare markets as facetious to see they do not it’s hard to sell what you don’t know if you’re gonna drive so we’re hoping on a weather scare market to bail you out or we’d be better off to get money out of it using payment from the government be done with the crop focus on 2020 corn at 420 for 15 to 425 I think you those prices you can lock in a decent $4 cash price doesn’t hit the home run but you survive and you get prepared for what I think is could be the 19 80 to 85 sideways market at behavior with brief periods of radicalness with weather but be prepared for I think some time period of some stress that we have to do it and interesting a little bit of the Bob the bear on that one that Bob the Bears back yep but sticking with us as always right so we’ll be back in for Ag Day coming up in just a minute to talk with Bob one on one call uh tur back marketing services toll-free at 888 888 [Music] conference don’t miss this dairy business focused event November 11th and 12th 2019 in Las Vegas register today at milk business conference com [Music] meterologist kidney new button filling in on AG day today and Kimberly as we look at the map here it may just be fall but winter is arriving in places it really is and Clinton for some folks we’re talking snowfall with a winter storm warning in effect for other folks we’re talking about that dangerous first frost of the season I want to draw your attention here to this low pressure system where you actually see rain showers and snowflakes flying throughout the day today something that certainly signals that the seasons are changing meanwhile high pressure system will hold steady with very gusty winds a tightly packed pressure gradient through the middle section of our nation meanwhile down to the south low pressure system there that connects with a cold front to another off the coast and some rain showers that we’re expecting to see over the next couple of days thankfully for parts of the Great Lakes region there’s the next high pressure system in control we’re looking at sunny and dry conditions for the most part those will hold through Wednesday and get us into at least Thursday morning before some showers start to build through parts of the Great Lakes notice that snow dropping a little farther south as we get into Wednesday and Thursday morning so if we took a look at rain showers first our precipitation is building especially down in Florida looks like we’ve got some heavy showers they’re very very wet conditions and more of that rain right along that cold front and just behind that boundary this takes us through the day today into tomorrow and the snowfall oh I hate to say it it’s almost heartbreaking to see so early in the season but we got to take a look at this we are certainly building up some significant accumulations especially coming into the southern part of Montana meanwhile temperatures here over the next couple of days very very chilly well guess where where the snow is falling of course temperatures in the 40s with overnight lows in the 30s after night lows across the most of the region are going to drop down into the 50s 40s some areas though still hanging on to those 70s like parts of New Orleans Miami and Jacksonville about Rochester New York at 42 degrees waking up on Wednesday morning Salt Lake City waking up at 57 Phoenix comfortable dry 72 as we get into the next couple of hours here we move forward into the afternoon hours with those warming temperatures however it is deeply cold in parts of Montana throughout the day all of this changing over the next couple of days you’ll see that jet stream coming through even a little bit of a cooler air diving down into the Great Lakes by Saturday meanwhile as we get into the beginning of next week we are more comfortable and a little bit dry with a zonal flow setting up that’s a look across the nation here’s a look at what’s happening in your neck of the woods happening in browning Montana a winter storm warning with a high of only 40 degrees and lows in the teens Alexandria Minnesota breezy with lots of Sun and a high of 68 meanwhile in orange Massachusetts mostly sunny and calm with a high of 65 is the dairy industry in the midst of a price turnaround what the numbers show coming up and more good news when it comes to daring demand next hey y’all Justin Moore here’s get ready to kick up some dust with the rocks or dirt roads and a country show sweepstakes enter now for a chance to win a customized off-road rock soil and two VIP tickets to one of my upcoming concerts visit rocks or off-road com forward slash Justin lawn USDA is forecasting a jump in all milk prices putting in at 1885 per hundredweight for 2020 that’s out 50 cents from the 2019 forecast Mark Stevenson the director of Dairy Policy the University of wisconsin-madison says he’s been saying for almost a full year that this year will be the beginning of the recovery he says 2020 will be the next peak in prices I think that milk prices are likely to be as much as a dollar higher than they were in 2010 they will be in 2019 and 2019 is up a little over a dollar from 2018 so you know we’ve had some price recovery and I expect more but you know as I said it’s it’s not going to be a 2014 kind of year he cautions to watch for bigger trends to avoid getting caught up in daily futures market swings domestic dairy demand seems to be a positive in the industry as well according to Dairy Management incorporated cheese used on Pizza accounts for 25% of cheese sales nationally however fluid milk consumption has been steadily declining for decades due to many choices the consumer may choose industry leaders say other dairy products are picking up the slack domestic demand continues to grow and that’s actually something of a misconception that dairy is in decline and that people aren’t consuming as many dairy products certainly they’re drinking less milk but they’re consuming dairy and other forms like butter and cheese and yogurt Galen says the nature of the dairy products sold the people has shifted but he says that’s not just unique to the US coming up we like to think food is all about taste but it’s also about science and unlocking the secrets is the subject of this interesting class at Purdue we’ll take you inside next closed captioning is brought to you by BASF grow smart with BASF we create chemistry what’s happening behind closed doors at Purdue University could possibly revolutionize every aspect of agriculture it’s not just plant breeding it’s also food and beer as farm journals time Morgan reports the research is being served up at Purdue the perfect pour this one’s a little bit different than pouring most beers this is a Nitro version so it’s like a Guinness is a science science that starts with making beer the nitrogen will strip the co2 out of the beer and make it nice and smooth people’s Brewing Company bleeds golden black proof by the beer on display beer with a strong tie to Purdue this is the room where the boiler black beer was born boiler black one of people’s most popular beer was concocted here and so it’s a really exciting space for the students a working class room where Purdue University teaches its fermentation Sciences minor and when we do talk about fermentation Sciences alcoholic beverage is only a small fly from sausages to cheeses to bread curdled ax says it’s an art there definitely is an art this is not when you look at the art that’s really on the front end on that formulation and if it’s not repeatable it’s not science a science that starts here in the Skidmore Laboratory and in this classroom it’s a very active space a place where kurtal access ideas become reality this is actually the critical link between ideation actualization so UID 8 and you say this is what I’d like to do how do I actually get this onto the shelf a science that starts to dig into the formula in a unique way the first step is to define your product scientifically if somebody tells me it’s jalapeno sauce that that doesn’t really matter as much as what is your ph what is your viscosity a prime example is this spicy jalapeno sauce a couple individuals brewed up this sauce in their garage selling it at local farmers market that was until Trader Joe’s approached them wanting 40,000 jars per month and the first step was to come to Purdue and when they came to campus they were referred to food science and we were able to help them understand the difference between a recipe and a formula students play a key role in making an idea into a scientific reality students like Stephanie Rose I would like to be an engineer on the R&D team so that way helping out seeing if a product is feasible because it’s cool to have a nice new innovative product but if it’s not feasible to upscale and sell and if the consumers don’t want it then it’s no there’s no point trying to upscale in the first place students also indulge in other fun projects like this it’s wonderful it’s really a fantastic product it’s got a lot of blendin’s it it’s got kind of a caramel ribbon in it tasty treats without sacrificing the safety of the food I think that it’s very very important for anybody who comes into our facility to understand that it is not an automatic thing for us to have the safest and the most efficient food supply in the history of humanity that is not automatic it takes a tremendous amount of work lessons that will extend way beyond the classroom I always say we’re not training the B team these are the leaders of the food industry that are coming through Purdue food science that’s all the time we have this morning we’re sure glad you tuned in spent party game thoughts from all of us here at AG dam clinton with us have a great day

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