only two remain on american idol.how exciiement is building for he finale. monday on fox 45 news at five hello and welcome to u-s farm report, i'm john phipps at the risk of hello and hello and >> today on us farm report, as pastors agree not after the drought, because of slowing down the same. and it looks to be an eye- popping numbers. apartment prices currently cooled off quite good luck finding any proof of that theory. >> us army port, brought to you by the 2012 chevy silverado.

hello and welcome to us army port. on john betts. at the risk of seeming naove i will venture to say things are looking up for much of a agriculture and our fellow citizens. not every business or every location, but some sort of normal. even the wild market dry ration for commodities has become less alarming for all of us. and this is just as how things are right now and as we will try to highlight, some surprising adaptations to this new environment proves once again people usually find a way. time now for the headlines. >> hello everyone. that guy looks to be diminishing for some portions of the southern plains which is helping to improve cattle numbers. this week shows analysts expecting a purpose is to be

about 1.5 million head lower than last year or about 12%. that would be the smallest place that the 2009. >> it causes faster to turn brown in the southern plains forcing producers to liquidate much of their herds. they have had smaller pastures which could translate into smaller pieces of supplies. agriculture is still feeling the brunt of a roller coaster year. from drought to flood two fires, it was the year that farmers and interesting to see at all. there's a new tally on crop losses from this director disasters. crop insurance companies paid out nearly $11 billion last year alone. this marks a new record topping

the previous of 8.7 billion second 2008. the agency said the crops that endured the most damage were corn, cotton, grain sorghum, pastor, range land and tobacco. just when you think grain prices -- when prices can't go any higher, they continue to climb. ag values increased 20% in the first quarter of 2012. although and, just to the east illinois is climbing rapidly with a 20% increase. kansas city also released its quarterly report and it shows that cropland by his claimed more than 20% for the second year in a row. nebraska prices saw the biggest jump in the first quarter of 2012, and nearly 39% we're non- irrigated. >> those are the headlines.

>> take you. crop watch this week takes us to the south where it ranges from too much moisture to not enough. siegel said from plainview texas sent us this photo. if planting cotton and picking up a test for measuring the week. just a few days earlier because of rain, anywhere from one-3 inches but if they are still well behind in soil moisture. and he's done a barnes and neil virginia said nearly 2 inches of rain thursday night washed out the sweet potato peeled. republish or have pushed with the intent into behind. and these have been moved into the state of wild blueberry fields. the crop has been delayed by weather and plan disease could be a problem also. when we come back, al joins us to talk markets. their discussion begins in two minutes. stay with us.

>> does the us army port roundtable we have great hunt

with archer financial services and agenda hour of our trading. greg, what is the one thing that you would have to summarize that affected us this past week. >> while the weather turned around in russia and ukraine, some winds and hot conditions over there got the spark out of the weak market. and then, korn kicks in and as tight as a hit to week, and the beam that moment also. we ended up seeing that the maps, when they got out of here friday we talked about a blocking and bringing back seat and we do have areas in the belt i could use the rain. >> weather can't be the only

thing that happens jim, what do you think lex. >> i think the market is kind of caught between two major factors. the first probably negative factor is from a macro economic standpoint worldwide. we are seeing that bond yields go down to record lows which indicates there is a lot of uncertainty. >> isn't this all europe so that. >> absolutely not. the bonds are a market of reality. the commodity markets are markets of the future, but the market of reality says the general economic backdrop worldwide as evidenced by record low interest rates and tells us there is macro economic issues out there that are unknown and dangerous. like greg mentioned we have some new in situations that have surfaced, and we are in some degree of weather problems already, and as greg said in the former soviet union and a good portion of ukraine, but they don't get rain in the next 10 days. they couldn't lose another 15 or 20% of their winter crops there.

we need to bring through that pretty well also. >> the funds that were pushed to market early on, is that the reason other than whether or. >> well we had to find a short anathema of week, and i put in a probably a decent move this week. and that was across 50, and then july corn did it yesterday and this morning and at one time we were about it. and there's a lot going on that can fool you. one might look week one day, all it really is, they are banging the box between corn and beans either way. but back to the bigger picture, this is also -- it could also be a very bullish thing because china eating into

the eu, the production, the standard of living, it will not go down at least in the area because the communist party will make sure that there is plenty of things and especially hawks. >> and china made some big purchases this week or. >> yes, there will be two types of buying, out of china. there will be a small amount of corn and that will be picking up a lot more, and i think it will end up building a reserve, and i think that will take place in new cross court right now, the reserve people are the ones buying for the state, and the price sensitivity is probably different than it is for the end-users over there. i think that the big news for next year is, china has finally arrived, and there will be a major buyer of us corn.

>> let's talk about the corn still out here in the bin that has been sold yet. it seemed like those prices went down, but it went higher and higher. >> well we took advantage of these price moves that we have been selling out of our options. our average price was $6.97 and a half and we have diverted our attention now to the 2012 crop. we have a lot of situations that will develop macro economic wise as well as symmetrically, but i think the usda is significantly too high on the corn yield at four near the 166 mark. i think it's a stretch already. >> we will be right back.

>> our guest today here at the farm report roundtable, and when we left we were talking to you and talking about the fact that here in the united states and the government reports, we might not be able to -- i thought you were going to tell me that we were going to raise 166 bushels per acre. >> well we don't know that, but that we were so forceful, and to me that's amateur. and it's also advertise in soybeans. and even at the trendline yield, we are basically stuck with it, very well done mike lowell 2013 carry out because that band is so strong. and, we can tell by the action in the spread since that

report came out, the world is concerned about the availability of soybeans, particularly if we have any kind of weather. >> are they going to continue trying or how will they end that might even end up in that country? >> while they are owning up to do five or seven days more beans, and, then we take a look at how many beans have been priced for next year's crop. it's mind-boggling. so they could be a 38 million metric tons versus year ago and all of south america. there's going to be a window there, and that's

logistically frightening because we won't be able to load out and get beans in any time to wait the picture is looking right now. and in order to protect or maximize his potential profit? >> let's make that a broader issue. what can an investor or trader or producer go. it looks like what this general economic background, it's so difficult to tell what will happen. was shifted a little bit, let's go back to the five-7% wool, which is what i promote, and, then we narrowed that down and even more and have it in the boot sector. because as greg said we had these tremendous demand issues all over the planet which will

not go away overnight. so i'm trying to get our poor polio and the portfolios of their customers into a position where is heavily oriented towards food because that's one area that i don't see it happening. it's constantly being threatened. >> but when you talk about but you are talking about people putting in money and putting up the whole thing. they are talking about five-7%? >> i'd say take five or 7% of us investment dollars and put that into the commodity market. so five-7% is appropriate especially in this kind of market. >> well, you are now seeing this site and make a funds. and i will continue to improve

gold, silver, copper at a lot of the base metals. and, if they didn't make that -- if they didn't make that monday, 550 million euro on monday afternoon, then nothing would have stood up. and, the bottom line right now, the grease will be gone and off the table within the year, and nothing will come of that, but at least we do there's been a whole lot of talk lately about internet speeds...

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>> you noticed the average of the weather is how you are

getting to it. my son went to a county farm bureau meeting and one guy on one corner of the county had to replant most of his beans and another guy hasn't had rain for six weeks. >> well it is end, obviously it can be different just down the road from you but in general we are still looking at the dry areas of the southeast and southeast georgia and northern and central florida, and also west texas in the new mexico region with some dry spots across the upper midwest. but all in all the shrug these areas all over the past few weeks but there are still some pockets as john pointed out where it has become dry. now take a look at things as we head into the week. we will start off with a lingering trough off the eastern seaboard. i will be causing the showers of the southeast which has been good news for those drought areas, but that will still be lingering up off the shore.

another trial will be weakening "-end-double-quote the band of showers and thunderstorms as we start the week with a friend. then we see things but now a little bit, a rich popping into the great lakes, and then a pretty good trough moving into the plains states. and that's something we will have to watch, but that's a pretty good shot of chilly air for the upper midwest as we head into the early part of this weekend. let's go through the week, we will start off on the day. we see a weakening cold front, or corporate. but from the great lakes fall away into northeast texas with some areas of thunderstorms. they're is a leading system along the eastern seaboard still causing showers in the mid atlantic states into parts of florida

which is good news for any parts of the southeast that can get some rain and then rain showers for the pacific northwest, northern and central portions of the rockies as well. that first front is moving to the southeast again and that will be more scattered showers and thunderstorms with the system. it's not a strong one, it looks like a little bit of a cut off. the next system is more powerful as well, moving into the northern plains and chars and thunderstorms there across the western great lakes and also colder air coming behind that ended with the rockies. that is a shot of cold air we are believing leader in the week with some good chances for showers and thunderstorms, and even in the texas and eastern new mexico which could be some great news for those folks as well, still some lingering showers and on the southeast shore. coming up on the next half hour we will check the longer

range forecast

>> new numbers from it.com , an online personal finance service shows what americans are willing to pay for pets. not counting one-time expenditures such as licenses are vaccinations, the long- range cost for a dog ranges from 63900 year. meanwhile this week state farm announced they spent $109 million last year to settle the claims. such costs are folded into your homeowners premiums, of course. in all, dog bites across the entire insurance industry nearly a half billion dollars. that these are real market derived signals about the death of americans attachment containing animals. for the let's talk industry, this could intensify the love-hate battle.

everything to do, every billboard with an attractive young been no farmer bottlefeeding a cap, every old macdonald farm codebook handed out to grade schoolers have supported the distinction, for consuming the point that animals are animals. in our rush to exploit baby animals, colors and warm gooey affection to spill over ourselves, we ensure that life and death is revealed. we need to decide if we want to sell sentiment or protein. call and gave us a voicemail. >> coming up in our next half- hour, have you ever heard of a

hebrew tractor? that's coming up in our

>> today on us farm report, no doubt about where profits have been going. the reports business has been pretty good. and auto service users have been breathing a sigh of relief as economic signal to a wall. i don't have the skip scoop scoop and can observe something special when their military mom and dad is off to serve the country. the us army port, brought to you by the 2012 chevy silverado. >> hello, and welcome to us army port. i'm john phipps. i know we talk way too much about the weather on the show

but it is a central part of being a farmer, and this year continues to confuse lots of us in the field. for example, the riproaring head start to the planting season has been tempered by a cooling-off period of time. in those early while premiums have dated, especially when you consider mike's long- range forecasts. like the fog of war, the art of work in the decision- making something less than a science. let's get started now with the news. contrary to what many consumers have been led to believe, eating healthy baby less expensive than junk food. the usda just released a new study say it's cheaper to buy most fruits and vegetables rather than boots high in sugar, fat and salt. when comparing price per

calorie, the higher calorie foods may seem cheaper. but when you compare them by weight and portion size, but foods like grains and veggies are better buys. this means choosing carrots over french fries may make you even more healthy. >> it may not be easy since it's not always fast and convenient. i could change in the next five years or more value added vegetables. the growing us health crisis are the main drivers of change. the report encourages produced firms to create such the products enhance with more editions content which is also easier to prepare. you might set your eyes on a recent report for john deere. they are the largest farm equipment maker in the world and the company released its quarterly financial this week and it showed net income climbed $2.61 per year per

quarter. they said the eighth straight quarter of record earnings, competitors like geico and pnh also reported strong earnings. wireless company light squared file for chapter 11 bankruptcy protection. this is reportedly started going downhill after the fcc revoked the request to build a national wireless network saying a signal interfered with national gps units. light squared is said to have more than 1 billion in assets and liabilities. is a birthday celebration, not just any birthday. the us department of agriculture turns 150. and, they established a department that they called the people department. they had a couple of vegetables stories and you say there's an underlying factor in this?

>> if it's more than two lines of instructions on the package or if there's not a button for it on the mic away, i don't have the cooking skills to turn cheaper ingredients into a meal so you end up buying food instead of better, healthier and cheaper ingredients. we have to learn how to cook, that's it for the news, let's talk to mike hoffman about the weather. >> as we start this week we see the jet stream meandering across the country with a trough in the west, and a ripple coming to the midwest, and i would be causing some scattered showers and thunderstorms into the great lakes in northeast texas. and by wednesday we will

see the trough off of the eastern seaboard, as the first little ripple there that wants off of the east coast. and that's a more substantial trough coming to the west and that will be trying to come eastward into the ridge. this will be a brief warm-up into the middle mississippi valley and great lakes, especially thursday to scatter charts and thunderstorms from the middle of the week all the way back to the northern and central plains, pacific northwest and with the first trough scattered through the southeast as well. on into friday, it stays that way into the middle parts of the country. a little bit of a bridge into the east coast, and we are looking at a situation where some computer models next weekend did this trough into the east and that will bring some cold air. but we know the cold air will come into the northern plains states later next week but we

don't know how far east that will go. it does look like a fair amount of thunderstorm activity as we head into the latter part of the week, and that may cause problems as we head to memorial day weekend. there's a forecasts and for the following week, this takes us to june second. same thing in parts of the southeast, but from mississippi through the four corners region, above normal temperatures are expected. it does look fairly wet tv from the northern plains states into the ohio valley and great lakes. in the northeast, the same thing in south florida. global temperatures are expected and in the 30 day outlook, i'm looking near

normal for most of the corn belt, but from the brca2 texas westward, above normal temperatures expected. as far as precipitation for the next 30 days, then this would take us through the middle of june, above normal for the mid- atlantic and you can see in the four corners region, it became most of the corn belt ends up near normal. but precipitation is tough for this time of year. >> while i'm trying to decide how i can use that in a sentence. spirit of the heartland is this weekend we

celebrate 'armed forces day' - a time to honor the men and w >> this weekend we celebrate armed forces day, a time to honor men and women serving in the military. and in this report check then he told us about a special camp for military kids are learning to cook and serve while their parents or their country. is a place where this is the activity of the day. but, it includes some unique cooking. and, they were held recently at this youth camp.

and natalie says her dad is in the army. >> it's fun because they have gone to the same thing that you have, and knowing that you have parents that are in the forces. a kind of makes you feel like you have a connection with them. >> making sweet rolls from scratch. >> it was worth it, to make the sweet rolls. >> from the preparation to the survey, the military kids do at all. it all looks delicious and the only downside is not having enough room in to sample everything and learning those pesky vegetable names. >> learned how to make grilled chicken and mashed potato kind of thing, but it brussels sprouts --

wait, cauliflower. >> part of this is about destruction, sometimes stressful. so, for each leaders organizes and just forget about their worries and concerns for just a while. >> i think just the chance for them to have a civilian camp experience, and these kids may have to help out at home when it comes to cooking meals. >> when you have one parent gone the cooking skills get blacks at home so it's good for them to be able to pick up that slack. >> now for the morning reward, time to beat. at the shed camp, kids cook and kids relate. serving up a helping of support. >> thanks chuck. one other note, now families

can visit national parks free of charge. can you imagine these creepy robots working in your fields? next week we will look at the next generation of smart technology. up next, baxter tells us what it means to be of the land. we will be right back.

>> baxter black is brought to you by your beef checkoff. to learn more about how beef and dairy producers like you promote your product, as it might beef checkoff.com . >> like many who work the land, baxter black is part of the role he plays in protecting and preserving the place he calls

home. joins us now from his arizona ranch. >> we are over the land. the land that everyone is trying to stay. we are of the earth. the earth and the glimmer to the grave. the plaintiff in the ocean, the lighting in the tundra, and you will find us on the outskirts, coaxing bounty from the ground with our watchful eyes cast skyward well beyond the light of town. dust to dust, we are committed to the earth from which we stand. we are farmers by our birthright and the stewards of the land. there are those who sit in towers who pretend to know what's best. they pontificate and dabble and

they bray loudly and protest that a peasant can't be trusted with the land to which he is bred. they rail with the courage of the person who is well fed. we have labored through the ages of these power-hungry kings, and we do all the do all the wars of with arrows and their swings. we have tv masses with fish and loaves of bread for the poor would sit and listen to the words the prophet said. other earth can be forgiving when in ignorance we air, but she can die of good intentions. she needs someone who will care. counting blood and sweat and toil, but the daily care of someone with her hand upon the soil. so the bullets become ballots,

the rulers change their name. it will still march on, and our job remains the same. the bureaucrats and battleships, the einstein vendor acquires, it will spend their life behind the plow if no one but their fire. and that's what we do, and i'm proud to be a part of that. >> this is baxter black from out there. >> baxter joins us again in two weeks. until then check out his work online at baxter black.com . when we come back,

al, it looks like we've got quite the history with this week's tractor. that's right john. the huber line of tractors was >> i'm probably tragically young but i've never heard of

this one. >> you don't remember edward huber? while he designed this 1936 huber hs as a young boy. he knew his father dominic helping his father designed hay wagons would pay off someday. quickly became the pioneer of tractors and construction equipment. his history who lives on for collectors like dan white. >> that was the grand fathers. and after he passed away my grandmother sold it to a gentleman and he ran a sawmill with it for a lot of years. we pulled it out in the pasture and there it sat. my brother founded in 74. broke the edge brooke deangelis and got it running, and then in 88 i bought it from him and report down all of it and

brought it back to life. we had to put a couple about sleep in it. and i couldn't find a head gasket for it anyplace. then i got to thinking, when my mother moved from the farms are with a bunch of gasket hanging on the clutch wall and i picked them up and brought them down here. so i got to going through the caskets in the head gasket was in there. >> we made up a decal of the pinstriping. we went after a tractor in marion ohio. >> that one was about $1136, but you could buy a farm all or something else cheaper. it was expensive but it was well built. it was strictly a brushing tractor, because at that point in time you could hook the whole far behind it. remember my dad saying, they would use it for farming

between 75 and 100 gallons of gas per day. my son wants it, so there will probably stay for a while. >> don't forget you can find tractor tales online at us farm report. dcom or on facebook. the segments can also be downloaded as podcast from itunes. and now to today's country church salute which goes to st. john's lutheran church in sumner, iowa. the church is affiliated with the miseries to nod. the building was constructed in 1914 that the church was started in 1875. church member jeanette poll says the church is 4 miles west of town so you can imagine it surrounded by good iowa corn and soybean crops. reverend george volkert is the current pastor and there are 96 members of the congregation. congratulations to st. john's lutheran of sumner iowa.

salute can be sent to the address on screen. stay with us, the mailbag is next. time now for our

weekly look inside the farm report mailbag... here are two final e-mails that i will use to >> time now for our weekly look inside the farm report mailbag. you are too final e-mail that i will use to close out our current discussion about the value of cash as a store of wealth. as i previously stated, it's a new investment area, and cash will have its brain. that's from dave towers. and this comment. when other countries start realizing we can't repay them without inflating our currency, they will stop loaning us money. one big problem with economic discussions like this is the lack of accountability

and substantiation with real numbers. so i was just a couple of guidelines for the future in our mailbag. first, if the prediction never changes from day, impending inflation to possible deflation, it's not a prediction. second, i think we need a statute of limitation on economic pronouncements. i propose two years. and the secret to successful predictions as to specify an outcome, or a date, but never both. if you believe that interest rates would skyrocket, then they were wrong. if they prophesied that farm prices would collapse, they were wrong. and if they foresaw rampant consumer relations around the corner, they were wrong. being wrong is not bad but it is a will, cruel world outcome. i will counter with this fact.

treasury bond yields and therefore the price of cash just hit new record lows this week. as always, we want to hear from you. send comments to us farm report dcom. you can also win this rhino side-by-side. click on the rhino banner or send a postcard to the address on the screen. be sure to include a phone number. i'm john phipps saying, thank you for watching us farm report. be sure to watch next week, we will be working to do even better.

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