Latest / AG Bull / AG Squawk AM 8/27/2026 with Jed Sidwell | Poverty Grass No More and NVIDIA Pops

Transcript

AG Squawk AM 8/27/2026 with Jed Sidwell | Poverty Grass No More and NVIDIA Pops · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to Ag Squawk AM.
• 0:12
  SPEAKER_00: Jed Sidwell here, live from Julia, Illinois.
• 0:15
  SPEAKER_00: I'm with Ag Bull Media.
• 0:16
  SPEAKER_00: We're a financial channel that loves agriculture.
• 0:20
  SPEAKER_00: Today we are going to talk about Chicago wheat packer margins and what's happening with NVIDIA this morning.
• 0:27
  SPEAKER_00: We'll get to all of that and more here in a bit.
• 0:43
  SPEAKER_00: Front months were down just slightly.
• 0:45
  SPEAKER_00: The rest of the contracts were in the green.
• 0:47
  SPEAKER_00: Live cattle closed about 18 cents down at 210 and three quarters.
• 0:51
  SPEAKER_00: Feeder cattle were at 319, even down about a quarter.
• 0:56
  SPEAKER_00: Lean hogs were up 45 cents at$80.90.
• 1:03
  SPEAKER_00: As I quote the market here live on the grain side of things, I would like to shout out to our sponsor, plus 500.
• 1:10
  SPEAKER_00: Plus 500 T4 Trading Software is who we use to trade the markets every single day.
• 1:16
  SPEAKER_00: As I look at September corn, overnight everything came back down just a little bit.
• 1:22
  SPEAKER_00: September corn is at 512.
• 1:24
  SPEAKER_00: Sep beans are at 1249 and three-quarters.
• 1:28
  SPEAKER_00: And Chicago September wheat after that big rally was at 7.35 and three-quarters this morning.
• 1:35
  SPEAKER_00: Looking at the weather discussion for today, thunderstorms in the Northwest Corn Belt will return tomorrow night throughout a variety of places.
• 1:45
  SPEAKER_00: Shouldn't be a big event, but some scattered rains.
• 1:48
  SPEAKER_00: The big story, though, a major heat wave is building.
• 1:51
  SPEAKER_00: Models now suggest seven to fifteen degrees above normal could persist from August 30th through as late as September 10th.
• 2:00
  SPEAKER_00: The hottest areas being the southern plains into the southern corn belt.
• 2:07
  SPEAKER_00: A lot of uh knowledge to just kind of digest there.
• 2:11
  SPEAKER_00: Craig Solberg does a great job bringing us our weather every single morning.
• 2:16
  SPEAKER_00: You know, it's we can't do much about the weather except, you know, just be prepared for what's going to happen.
• 2:22
  SPEAKER_00: And a lot of those areas in the plains are are plenty dry already.
• 2:26
  SPEAKER_00: Uh hopefully they can kind of catch some local scattered storms here before the heat cranks up too bad.
• 2:33
  SPEAKER_00: On the wheat market discussion for today, if you didn't catch Chicago wheat yesterday, it locked up limit on a Bloomberg report that Russia sees the peace talks as dead and it plans to escalate attacks, including Kiev infrastructure.
• 2:48
  SPEAKER_00: What does that mean?
• 2:49
  SPEAKER_00: They are going to have a hard time getting any sort of wheat out of their country.
• 2:54
  SPEAKER_00: I mean, all of their ports are have been attacked or damaged at some point.
• 2:58
  SPEAKER_00: Not to mention, if they're focusing all of their energy on that global trade, they is going to be kind of put onto a back burner.
• 3:07
  SPEAKER_00: So, U.S.
• 3:08
  SPEAKER_00: wheat, there's more demand for it.
• 3:10
  SPEAKER_00: It's great to see for us.
• 3:11
  SPEAKER_00: I mean, that was a huge jump yesterday, back down just a little bit overnight, but still, that is uh way better price than what we were talking about several months ago, as when Mike or Tom Leffler and I were saying it, you know, referring to it as poverty grass.
• 3:26
  SPEAKER_00: It's not poverty grass anymore, folks.
• 3:27
  SPEAKER_00: This wheat market's got some energy behind it.
• 3:30
  SPEAKER_00: On the livestock livestock market discussion, packer margins turned positive last week for the first time since early April.
• 3:39
  SPEAKER_00: And that's really interesting to see because, you know, we talk, well, this cattle market's been bad, this cattle market's been bad.
• 3:47
  SPEAKER_00: Well, the Packer has finally had an opportunity to buy here this past week and buy at a price that they can produce at a decent margin.
• 3:57
  SPEAKER_00: Now, we can always speculate that, you know, they're making their margins elsewhere and other species like pork and chicken, and that every time that they lay a knife to that cut of beef, it becomes more valuable.
• 4:10
  SPEAKER_00: Not to mention, we did that report with Mr.
• 4:12
  SPEAKER_00: Jim Leesmeyer just a few days ago, uh, where we talked about some speculative things about JBS with regards to Trump's truth social post.
• 4:20
  SPEAKER_00: I highly encourage you to go and watch that.
• 4:23
  SPEAKER_00: Tommy tweeted it out the texted it out the other day.
• 4:27
  SPEAKER_00: There's a lot to digest there, but the big thing is the Packer is now kind of making some money in the black for the first time in a while, and it's important to pay attention to as we go here in the future weeks as we continue to import more cattle from Mexico and things like that.
• 4:45
  SPEAKER_00: The big general news headline for today is that NVIDIA jumps 7% after blockbuster earnings boost AI confidence.
• 4:54
  SPEAKER_00: Nvidia shares rose in pre-market trading this morning after earnings sailed past estimates.
• 4:59
  SPEAKER_00: CEO Huang says AI reached its quote-unquote inflection point, noting that the number of companies that needed large clusters of GPUs has expanded dramatically.
• 5:11
  SPEAKER_00: Supply chain restraints and rival chips being built by its customers are potential headwinds for the tech giant.
• 5:18
  SPEAKER_00: NVIDIA makes up such a large portion of the marketplace right now.
• 5:23
  SPEAKER_00: Love, hate, AI.
• 5:25
  SPEAKER_00: I don't care.
• 5:25
  SPEAKER_00: You have to pay attention to it because a rising tide brings up all ships.
• 5:30
  SPEAKER_00: I might have to get a tattoo of that at some point because it's what we talk about here so often.
• 5:36
  SPEAKER_00: Outside markets have an effect on the ag markets, folks.
• 5:39
  SPEAKER_00: And it'll be interesting to see what this does to the grain side of things this morning.
• 5:44
  SPEAKER_00: On the economic calendar, export sales, jobless claims all came out, come out at 7:30 a.m.
• 5:51
  SPEAKER_00: here in like 15 minutes.
• 5:52
  SPEAKER_00: The natural gas storage change comes out at 9.30 a.m.
• 5:57
  SPEAKER_00: That would be central time for all of those.
• 5:59
  SPEAKER_00: Well, thank you for watching this morning.
• 6:02
  SPEAKER_00: That's all I have in terms of slides, but I encourage you to go ahead and listen to the past couple Ag Scalk PMs with Davis Michelson.
• 6:09
  SPEAKER_00: He had the cow guy on.
• 6:11
  SPEAKER_00: He had Tommy Grassofi as his guest yesterday as he digested down fertilizer.
• 6:17
  SPEAKER_00: Davis has tracked fertilizer prices for the past 12 years, his personal own data.
• 6:22
  SPEAKER_00: So if you're worried about what's going to happen to fertilizer, I recommend going and watching that video.
• 6:28
  SPEAKER_00: Well, on the premium side, make sure and stay tuned.
• 6:30
  SPEAKER_00: I'm going to record Mr.
• 6:31
  SPEAKER_00: Tom Leffler here shortly within the next coming days.
• 6:35
  SPEAKER_00: And that's always a great video, the Friday Futures Report with Tom Leffler.
• 6:39
  SPEAKER_00: Well, thank you for watching and thank you for listening.
• 6:41
  SPEAKER_00: I'm Jed Sidwell with Ag Bull Media.
• 6:44
  SPEAKER_00: Like I said earlier, we're a financial channel that loves agriculture.
• 6:48
  SPEAKER_00: Have a great day.