Latest / AG Bull / AG Squawk AM 10/2/2026 with Jed Sidwell | END OF WEEK RECAP

Transcript

AG Squawk AM 10/2/2026 with Jed Sidwell | END OF WEEK RECAP · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to Ag Squawk AM.
• 0:12
  SPEAKER_00: Jed Sidwell here, live from Joliet, Illinois.
• 0:16
  SPEAKER_00: Today, after a long, long week, we're going to be talking about this Stone X report, carcass weights, as well as us sending more troops to the Middle East.
• 0:26
  SPEAKER_00: We'll get to all of that and more here in a bit.
• 0:39
  SPEAKER_00: Cattle came up just a little bit yesterday.
• 0:41
  SPEAKER_00: Live cattle closed up about a half a buck at 223.18.
• 0:46
  SPEAKER_00: Feeder cattle were up two at 336.35.
• 0:49
  SPEAKER_00: Lean hogs came back down.
• 0:51
  SPEAKER_00: They gapped lower, but you know, bounced back just a little bit.
• 0:53
  SPEAKER_00: They were down 50 cents at 68.93.
• 0:57
  SPEAKER_00: As I quote the grain markets here live, like the shout out our sponsor plus 500.
• 1:01
  SPEAKER_00: We use plus 500 T4 trading software to quote and trade the markets every single day.
• 1:06
  SPEAKER_00: And as I look here live, December corn is at 498 and a half.
• 1:12
  SPEAKER_00: Beans are ticking just a little bit lower right now.
• 1:14
  SPEAKER_00: They're at 1275 even.
• 1:16
  SPEAKER_00: And December Chicago week came up just a little bit overnight.
• 1:19
  SPEAKER_00: It's at 684 and a quarter.
• 1:23
  SPEAKER_00: The weather has been quite interesting here recently.
• 1:27
  SPEAKER_00: The Central Plains and Western Corn Belt just closed out one of their wettest 30-day stretches on record, with several climate districts and estates pointing posting top five or record wettest readings.
• 1:42
  SPEAKER_00: Now there is going to be a real dry turn, and it is locking in essentially no rain for the big areas of the plains and Corn Belt for at least 10 days, maybe a little bit longer, which could finally open up some field work windows, even for some of the wettest spots of the Corn Belt, and that'll be great to see.
• 2:01
  SPEAKER_00: The grain markets, this Stone X report, the October one, came out yesterday.
• 2:07
  SPEAKER_00: Figured I'd talk about it just a little bit here because you know we love independent reporting like that.
• 2:13
  SPEAKER_00: And Stone X's October survey put national soybean yield at 54.1 bushels per acre, raising the production by just over a hundred million bushels.
• 2:23
  SPEAKER_00: Corn yield was writ right at 182.1.
• 2:27
  SPEAKER_00: Nothing too out of whack there.
• 2:29
  SPEAKER_00: It's kind of interesting.
• 2:30
  SPEAKER_00: I encourage you to pause and look state by state the differences there.
• 2:33
  SPEAKER_00: And maybe look at your home state and what they said.
• 2:35
  SPEAKER_00: The Stone X report is always interesting to look at.
• 2:39
  SPEAKER_00: This chart comes from Mr.
• 2:40
  SPEAKER_00: Mike Sands this morning for our livestock slide, and it talks about carcass weights.
• 2:45
  SPEAKER_00: Carcass weights, and this is what Mike says, have shown less seasonality over the last few years, with steer weights inching up from a later than normal summer low.
• 2:56
  SPEAKER_00: And it's as you can see, there's a trend where we start to pick up going in towards the fall, and it looks like we're going to follow that trend just at a little bit of a later pace.
• 3:06
  SPEAKER_00: Mike is calling for that upward turn and record weights to resume.
• 3:11
  SPEAKER_00: We'll see what happens.
• 3:13
  SPEAKER_00: It is interesting that we're shifting a little bit later, but at the same time, we're having cattle on feed for longer.
• 3:17
  SPEAKER_00: So maybe it's just pretty par for the course right now.
• 3:21
  SPEAKER_00: On to breaking news.
• 3:43
  SPEAKER_00: Deployment comes as President Trump has signaled an intention to resume strikes on Iran.
• 3:48
  SPEAKER_00: This is after the November elections, though.
• 3:56
  SPEAKER_00: We do say send our thoughts and prayers to the servicemen and women going over there to look after the U.S.'s best interest.
• 4:03
  SPEAKER_00: We'll see what happens there.
• 4:05
  SPEAKER_00: You know, it's always best to just um talk softly to carry a big stick.
• 4:09
  SPEAKER_00: Well, and we're certainly carrying a big stick right now.
• 4:12
  SPEAKER_00: On the economic calendar for today, the jobs report comes out here in just a few minutes at 7.30 a.m.
• 4:19
  SPEAKER_00: There's been some projections and some calls there, so make sure and pay attention to that.
• 4:23
  SPEAKER_00: Factory orders comes out at 9 a.m.
• 4:25
  SPEAKER_00: and the commitment of traders comes out after the close at 2.30 p.m.
• 4:28
  SPEAKER_00: Central.
• 4:29
  SPEAKER_00: Well, thank you for watching and thank you for listening today.
• 4:32
  SPEAKER_00: I encourage you all that if you have any questions as you start to work in towards the field, maybe you have some cash grain still on hand.
• 4:39
  SPEAKER_00: Maybe you're looking at sending some feeder calves to the sale barn here in the next couple months.
• 4:44
  SPEAKER_00: If you have any questions about marketing, trying to hedge your risk, make sure and give us a call.
• 4:49
  SPEAKER_00: We'd love to hear from you.
• 4:50
  SPEAKER_00: I'll pop up our number here real quick.
• 4:52
  SPEAKER_00: It's 855-737 Farm.
• 4:55
  SPEAKER_00: 855-737 Farm.
• 4:57
  SPEAKER_00: It goes to all of our offices.
• 4:58
  SPEAKER_00: There's a pretty high chance you'll talk to the main man Tommy Gersoffee or Joe or myself or anyone that helps us out at Nesvik.
• 5:07
  SPEAKER_00: They're kind of the machine behind us helping everything work so smoothly.
• 5:12
  SPEAKER_00: If you have any questions, make sure and reach out.
• 5:14
  SPEAKER_00: And if you have need and more Agable in your life, I encourage you to go over to Agable.com.
• 5:21
  SPEAKER_00: It's$25 a month or$250 annually.
• 5:23
  SPEAKER_00: And as things ramp up here into the fall and get busier than ever, I know that for a fact we're wrapping up silage harvest back home in Colorado, and our busyness hasn't slowed down yet.
• 5:35
  SPEAKER_00: It's$25 a month or$250 annually, and you get text updates to your phone to know exactly what's going on in the market when it happens.
• 5:43
  SPEAKER_00: They might be the best value there is out there.
• 5:46
  SPEAKER_00: Well, thank you for listening to me all day this week, or every day this week, I should say.
• 5:51
  SPEAKER_00: I'm going to have a talk with Tom Leffler, hopefully, this afternoon, with our Friday Futures report, and that'll be for you, premium subscribers.
• 5:57
  SPEAKER_00: And Davis Michelson will be on this afternoon and make sure to catch that when it live streams on X.
• 6:02
  SPEAKER_00: Thank you for watching.
• 6:02
  SPEAKER_00: Thank you for listening.
• 6:03
  SPEAKER_00: I'm Jed Sidwell with Ag Bull Media.
• 6:05
  SPEAKER_00: We're a financial channel that absolutely loves agriculture.
• 6:08
  SPEAKER_00: Have a great day.