Latest / AG Bull / AG Squawk with Davis Michaelsen | Market Moves

Transcript

AG Squawk with Davis Michaelsen | Market Moves · AG Bull

• 0:10
  SPEAKER_00: Hey, corn closed higher.
• 0:13
  SPEAKER_00: Wait, now that I say it out loud, I need to check it one more time.
• 0:16
  SPEAKER_00: Yes, corn closed higher.
• 0:20
  SPEAKER_00: That's about all I have to say about that.
• 0:22
  SPEAKER_00: At the moment, anyway, I've got some news items of note for you today.
• 0:27
  SPEAKER_00: Let's chat.
• 0:29
  SPEAKER_00: Just you and me.
• 0:41
  SPEAKER_00: From behind the big blue, bodacious microphone of Ag Bull, your pal Davis Michelson, the handsome newsman, Ag Bull Fact Hammer, here with you on a Wednesday, a hump day afternoon.
• 0:54
  SPEAKER_00: It's October 28th, 2026.
• 0:57
  SPEAKER_00: Glad to have you along.
• 0:58
  SPEAKER_00: Just you and me today.
• 1:00
  SPEAKER_00: I've got an exciting guest tomorrow.
• 1:02
  SPEAKER_00: We'll be talking about BinFlow.
• 1:05
  SPEAKER_00: I'll just leave it right there.
• 1:06
  SPEAKER_00: But I'm excited to speak with Eli from BinFlow tomorrow afternoon on the program.
• 1:12
  SPEAKER_00: Let me uh let me direct you quickly to AgBull.com where you can maximize your chance for success with AgBull Intel.
• 1:19
  SPEAKER_00: Call 855-737 Farm or visit Agbol.com today.
• 1:26
  SPEAKER_00: All right, we're just gonna hop right into it here.
• 1:29
  SPEAKER_00: I'm gonna go straight to ethanol production.
• 1:31
  SPEAKER_00: Up 2.2% from the previous week.
• 1:34
  SPEAKER_00: In the weekend of October 23, ethanol stocks fell one-tenth of 1%, still at a weighty 24.5 million barrels.
• 1:44
  SPEAKER_00: I remember when it was in the 19 million barrels.
• 1:47
  SPEAKER_00: Now here we are at 24.5 million barrels, down just slightly during the report week.
• 1:54
  SPEAKER_00: So I guess at least headed in the right direction.
• 1:57
  SPEAKER_00: On the ethanol front here, I had a great telephone conversation earlier this week with an ethanol expert who, I guess you might say career-wise, comes at the fuel from a different angle than you might be used to hearing.
• 2:13
  SPEAKER_00: A more a more pragmatic angle, I guess you might say.
• 2:18
  SPEAKER_00: I'll have him on the show next week on Friday, right?
• 2:22
  SPEAKER_00: Friday.
• 2:23
  SPEAKER_00: And I I think what I want to do is just begin at ethanol 101.
• 2:27
  SPEAKER_00: Now, since he comes with a little bit different perspective than is usually put out there by folks like me, the ethanol 101 may look a little bit different.
• 2:39
  SPEAKER_00: I've I've reported on ethanol and legislation and all that sort of stuff for many, many years now.
• 2:48
  SPEAKER_00: And there are some things that I still struggle with, and one of those I brought up to him, and I don't I won't give away the whole conversation, but you know, it just seems like your round E15 should be a slam dunk.
• 3:05
  SPEAKER_00: I said, look, from where I'm sitting, the green folks, you know, the conservationists, the clean air folks, the farmers, the consumer who needs to fuel up with delicious petroleum to fuel their their vehicles.
• 3:20
  SPEAKER_00: It feels like it's a win for everybody, and yet it just it struggles.
• 3:25
  SPEAKER_00: We get right up to it, and then no, and then right up to it, and then no.
• 3:30
  SPEAKER_00: And we hear about all of the attempts to try and get it pushed over the finish line for year-round E-15, and uh, we we just can't.
• 3:39
  SPEAKER_00: I won't tell you what his answer was, but I feel really good about it, and here's the reason why because his answer was not because the government.
• 3:51
  SPEAKER_00: Ah, now we're getting somewhere.
• 3:53
  SPEAKER_00: He he had a very eye-opening explanation of his thoughts on why E-15 has a hard time getting across the finish line as far as your round availability goes.
• 4:04
  SPEAKER_00: Uh, that'll be next week on Friday.
• 4:08
  SPEAKER_00: I will I will speak with this mysterious ethanol expert.
• 4:12
  SPEAKER_00: I mean, I learned so much stuff just from talking to him.
• 4:15
  SPEAKER_00: We talked for like an hour on the telephone.
• 4:17
  SPEAKER_00: It was fantastic.
• 4:17
  SPEAKER_00: I can't wait to bring you this program.
• 4:21
  SPEAKER_00: That'll be late next week.
• 4:23
  SPEAKER_00: All right, other energy news.
• 4:24
  SPEAKER_00: U.S.
• 4:25
  SPEAKER_00: crude oil inventories fell, but we're 38.2% better than a week ago.
• 4:31
  SPEAKER_00: That's something.
• 4:32
  SPEAKER_00: Gasoline inventories surged, but distillant supplies fell sharply.
• 4:38
  SPEAKER_00: Additionally, refinery utilization declined 0.6%, down six-tenths from the prior week.
• 4:46
  SPEAKER_00: Let's get to the tale of the ticker, where after an early session swing higher, corn, a very early session swing higher, corn, soybeans, and winter wheat futures quickly retreated from early session highs.
• 4:59
  SPEAKER_00: Corn maintained a positive position up one to two cents in the first hour of trade.
• 5:04
  SPEAKER_00: As soybeans fell to trade just beneath unchanged, wheat futures slid double digits lower with Chicago futures leading declines.
• 5:13
  SPEAKER_00: Cattle futures acted similarly and retreated below unchanged in early trade.
• 5:17
  SPEAKER_00: Meanwhile, lean hogs held on to slight gains.
• 5:22
  SPEAKER_00: Rounding into the lunch hour, corn and beans gathered steam, and wheat futures were well off session lows.
• 5:29
  SPEAKER_00: So that's something.
• 5:30
  SPEAKER_00: The cattle complex accelerated to the downside, and lean hog futures remained mixed with nearby under pressure and deferred contracts up 50 cents to a dollar.
• 5:41
  SPEAKER_00: Now let's get to the settlements where December corn, oh boy, oh boy, three cents higher on the day.
• 5:47
  SPEAKER_00: In fact, we're higher across the board.
• 5:49
  SPEAKER_00: The March contract up two and a quarter, kind of running out of steam as we get further out.
• 5:53
  SPEAKER_00: The May contract up one and one half cent, and then the July up a full penny.
• 5:59
  SPEAKER_00: Be that as it may, still higher in corn.
• 6:02
  SPEAKER_00: We've stopped.
• 6:03
  SPEAKER_00: Well, we've at least paused the bleeding.
• 6:05
  SPEAKER_00: We'll have to see how it shakes out tomorrow.
• 6:07
  SPEAKER_00: But uh December corn up three cents on the day, four fifty-one and three quarters.
• 6:12
  SPEAKER_00: We'll take it.
• 6:13
  SPEAKER_00: We'll take it.
• 6:14
  SPEAKER_00: November soybean futures down four and three quarters, twelve twenty-four and a half.
• 6:19
  SPEAKER_00: The May contract was down six out to the to the January.
• 6:23
  SPEAKER_00: We're at five cents lower at twelve thirty-eight, even looks like.
• 6:29
  SPEAKER_00: Soybean meal was mixed with nearby's higher and deferred contracts lower.
• 6:33
  SPEAKER_00: Soybean oil lower across the board, moderately so, in fact.
• 6:37
  SPEAKER_00: And over to the winter wheats, where we've got uh Chicago December winter wheat 11 and one quarter cents lower at 599, dipping just below that key six dollar level.
• 6:49
  SPEAKER_00: The march down nine and three quarters at 6.13 and a quarter.
• 6:52
  SPEAKER_00: Over to the December KC down seven and one half cents, six forty-three at settlement today.
• 6:59
  SPEAKER_00: And over to the livestocks, your November feeder cattle.
• 7:03
  SPEAKER_00: Oof, ugly day, especially the further out you get here.
• 7:07
  SPEAKER_00: $3.27.5 lower were the November feeder cattles today,$346.75.
• 7:13
  SPEAKER_00: Looking out to the April,$6.50 lower.
• 7:16
  SPEAKER_00: $335.60.
• 7:17
  SPEAKER_00: That's for the April.
• 7:18
  SPEAKER_00: But the Nov held in there just$3.27 and a half lower.
• 7:24
  SPEAKER_00: Kind of a similar setup here in the fat cattle.
• 7:27
  SPEAKER_00: I got December down five, uh$3.52 and a half at$227.32 and a half.
• 7:33
  SPEAKER_00: This one's not quite so bad.
• 7:35
  SPEAKER_00: A little more evenly, evenly moving, moving more evenly.
• 7:42
  SPEAKER_00: Let's see,$3.07.5.
• 7:44
  SPEAKER_00: Let me just put the numbers out there.
• 7:45
  SPEAKER_00: Was the Feb 302 and a half lower the April at$232.70.
• 7:51
  SPEAKER_00: And over to the Lean Hog futures, mixed here with the nearby's under pressure and deferred contracts were higher on the day.
• 7:57
  SPEAKER_00: Your December was at uh 342 and a half lower.
• 8:01
  SPEAKER_00: But let's look to the Feb 75 cents lower, 64, 17 and 12, and that's the worst of it.
• 8:07
  SPEAKER_00: Over to the April, 30 cents higher.
• 8:09
  SPEAKER_00: The May, 80 cents higher.
• 8:11
  SPEAKER_00: The June 2027 futures in your lean hogs, a buck 22 and a half higher, 86, 22 and 1 half.
• 8:19
  SPEAKER_00: And with that, let me just say a quick thank you to plus 500 for their support.
• 8:24
  SPEAKER_00: Plus 500 is where my squad and I get real-time quotes.
• 8:28
  SPEAKER_00: We get futures and options, a host of dandy features.
• 8:31
  SPEAKER_00: Plus 500 T4 Software gets the job for us done every single dang day.
• 8:35
  SPEAKER_00: Plus 500, we trust plus 500.
• 8:38
  SPEAKER_00: Thanks, plus 500.
• 8:41
  SPEAKER_00: The Federal Reserve held interest rates steady today at the conclusion of their meeting in a 10-2 vote.
• 8:49
  SPEAKER_00: And I don't know if if you're watching the uh elections over in Israel, I don't have anything written up on this, although I did read some stuff coming across the wires.
• 8:57
  SPEAKER_00: It sounds like they're having having a hard time meeting the threshold for a victory there in each of what appears to be three parties.
• 9:06
  SPEAKER_00: There are some people calling election fraud, or there's there's just tough stuff going on there that they're they're trying to figure out, and it doesn't look like we're all that close to a resolution, which might mean that the the current administration remains in power until they can start the process all over again and give it another try and see if if someone can reach the vote threshold to claim victory.
• 9:31
  SPEAKER_00: All right, let's go here.
• 9:32
  SPEAKER_00: Just a few a few news items that you uh you might find interesting.
• 9:37
  SPEAKER_00: According to Brian Ernest, animal protein economist from Cobank, GLP1 use is beginning to make its mark on U.S.
• 9:46
  SPEAKER_00: protein consumption.
• 9:47
  SPEAKER_00: I might need to bring Jed in on this in just a little bit.
• 9:50
  SPEAKER_00: I don't know, we'll see.
• 9:51
  SPEAKER_00: We'll see if he sticks his head in here and nods.
• 9:53
  SPEAKER_00: Ernest says the weight loss drug is driving consumers toward lean protein sources, especially chicken.
• 10:01
  SPEAKER_00: However, beef still has a place on the grocery list.
• 10:05
  SPEAKER_00: According to his research, Ernest says GLP1 users are still eating beef, but rather than large fattier cuts, many are opting for high-quality, lean ground beef, and consumers are still willing to pay up for it.
• 10:21
  SPEAKER_00: As feed yards work to increase fat content and carcass size, the need for leaner beef to blend with U.S.
• 10:27
  SPEAKER_00: beef is in turn driving demand for imported beef.
• 10:31
  SPEAKER_00: So if you're if you're asking yourself why are we importing beef, this is part of the reason why here, at least according to Cobank, the study found nearly one in four households include at least one person taking GLP1 weight loss supplements.
• 10:44
  SPEAKER_00: And a high percentage of those folks are the decision makers at the meat case.
• 10:49
  SPEAKER_00: They're the ones who shop for groceries at the house, plan the meals, and probably do the cooking as well.
• 10:55
  SPEAKER_00: In this way, GLP1 use is impacting the consumption habits of entire families, which amplifies the impacts.
• 11:03
  SPEAKER_00: So the GLP1, you've got approximately one in four households have someone taking GLP1s.
• 11:12
  SPEAKER_00: And in the majority of those households, according to this research, the the person who goes out and and shops is the person taking the GLP ones.
• 11:21
  SPEAKER_00: And they're they want the protein, that's part of it.
• 11:24
  SPEAKER_00: Absolutely, it's part of it, but that they're trying to trim the fat, looking for leaner protein sources.
• 11:29
  SPEAKER_00: And so uh I thought that one was kind of interesting.
• 11:33
  SPEAKER_00: Here's a little bit more on consumers and beef from American Farm Bureau Federation.
• 11:38
  SPEAKER_00: They found consumers paid 7% more for beef, while cattle producers received prices that were down 10%.
• 11:47
  SPEAKER_00: The gap reflects differences between farm and retail prices, along with rising costs for processing, transportation, labor, and packaging.
• 11:58
  SPEAKER_00: Unfortunately, many farmers are price takers, meaning they generally must accept market prices while absorbing higher production costs.
• 12:07
  SPEAKER_00: USDA data shows farmers received just 5.8 cents of every dollar spent on domestically produced food in 2024.
• 12:15
  SPEAKER_00: The remaining 94.2 cents covered processing, transportation, retail, and other costs.
• 12:23
  SPEAKER_00: They added this here.
• 12:24
  SPEAKER_00: A June survey by Global Strategy Group found nearly two-thirds of responding consumers considered food prices unfair.
• 12:32
  SPEAKER_00: So the consumer is is starting to push back a little bit on high food prices, with tariffs and large corporations among the most commonly blamed factors.
• 12:42
  SPEAKER_00: This part I like.
• 12:43
  SPEAKER_00: Consumer trust in farmers, which is part of the survey.
• 12:47
  SPEAKER_00: Consumer trust in farmers has remained above 80% for nearly a decade.
• 12:53
  SPEAKER_00: This I like.
• 12:54
  SPEAKER_00: This I like an awful lot.
• 12:56
  SPEAKER_00: Let's stay in the cattle zone here.
• 12:57
  SPEAKER_00: Mexican cattle began crossing into the United States through Columbus, New Mexico on Monday, after U.S.
• 13:03
  SPEAKER_00: ag inspectors cleared the port to reopen following nearly two years of closure.
• 13:09
  SPEAKER_00: Columbus is the third border crossing to resume Mexican cattle imports under enhanced safeguards.
• 13:15
  SPEAKER_00: Those measures include testing, treatment, and inspections before animals reach the border.
• 13:21
  SPEAKER_00: Officials and ranchers on both sides say the added precautions provide confidence that imported cattle won't carry the parasite into the United States.
• 13:31
  SPEAKER_00: This article also did point out, however, though, while yes, we can in this way control the parasites from from hitchhiking on the uh on the backs and in the wounds of cattle.
• 13:45
  SPEAKER_00: That's unpleasant.
• 13:47
  SPEAKER_00: Really, there's there's uh it's difficult to keep the flies themselves from flying across the border.
• 13:54
  SPEAKER_00: So, you know, it's it's not a it's not a perfect solution here, but testing, treatment, inspections before the animals reach the border do seem to be having an impact here.
• 14:05
  SPEAKER_00: And I don't know, I also saw a thing where people living near, and this is kind of like the data center thing, but people living near sterile fly production facilities have begun to complain about uh about the smell.
• 14:19
  SPEAKER_00: That's uh the the whole thing is unpleasant.
• 14:22
  SPEAKER_00: We need to get this thing taken care of.
• 14:24
  SPEAKER_00: It's kind of a nasty business, but we've got a uh a third border crossing open now, Columbus, New Mexico.
• 14:30
  SPEAKER_00: All right, I've got some fertilizer stuff now.
• 14:33
  SPEAKER_00: Phosphate supplies not improving here at home or around the globe.
• 14:38
  SPEAKER_00: We have we've watched fertilizer prices kind of skyrocket, I guess you might say.
• 14:44
  SPEAKER_00: It started with the phosphates, and this is going on a few years ago now, and the it just the phosphates have built steam, and fundamentals have conspired against lowering those prices, and now those fundamentals have gone super global.
• 15:00
  SPEAKER_00: And here we go.
• 15:01
  SPEAKER_00: Craig Dick from Phospholutions points to sulfur supplies, which have dwindled amid the tensions surrounding the Strait of Hormuz.
• 15:11
  SPEAKER_00: This has led to tight sulfur supplies and higher prices for the manufacturing input, leading phosphate makers to trim production rates.
• 15:19
  SPEAKER_00: So it it takes some sulfur to create diamonium phosphate, monoammonium phosphate, to make phosphate fertilizer products.
• 15:29
  SPEAKER_00: You've got to have some sulfur in there in the mix, and it's getting getting a little hard to find.
• 15:36
  SPEAKER_00: It's in short supply, expensive to transit if you can get it transited, transited through the straight deport moves at all.
• 15:43
  SPEAKER_00: And so the manufacturers are like, well, we we're gonna have to trim production.
• 15:49
  SPEAKER_00: And sulfur, according to this research from Phosvolutions, is part of the problem, a big part of the problem in why phosphate prices are are elevated and have continued higher.
• 16:01
  SPEAKER_00: If you caught my fertilizer program, was that last week?
• 16:03
  SPEAKER_00: I think we observed another week of support for phosphate prices just in time, right?
• 16:10
  SPEAKER_00: For post-harvest applications.
• 16:14
  SPEAKER_00: The let's see, Mr.
• 16:15
  SPEAKER_00: Dick from Phospholutions went on to warn, I don't like this part at all, the shortage will continue to impact farm gate prices for the foreseeable future.
• 16:25
  SPEAKER_00: And I I kind of felt bad when when I was giving my fertilizer analysis because I didn't have any, I don't know, I didn't have any, I didn't have any suggestions other than to talk to your financier, your preferred supplier, and and just have those conversations.
• 16:43
  SPEAKER_00: As far as offering you some good news and some perhaps hope for lower phosphate prices in the future, I got nothing.
• 16:51
  SPEAKER_00: I got nothing.
• 16:52
  SPEAKER_00: And I felt bad about it.
• 16:54
  SPEAKER_00: Well, now here we have the good folks from Fosvolutions with with this quote from Craig Dick Quote, yeah, unfortunately, it means fertilizer prices are not likely to come down for this season and likely for a couple of years in the future.
• 17:09
  SPEAKER_00: He says, so that's a big challenge for farmers.
• 17:11
  SPEAKER_00: If your soil test says you need phosphorus, simply cutting back can put your yield production at risk.
• 17:19
  SPEAKER_00: So I I guess uh you gotta manage manage your profit potential, you know, and and scrape every dime that you can, every penny, every nickel.
• 17:31
  SPEAKER_00: Are pennies still a thing?
• 17:32
  SPEAKER_00: Every nickel.
• 17:33
  SPEAKER_00: Scrape every nickel that you that you can.
• 17:36
  SPEAKER_00: And because as soon as you start cutting back on the on the phosphate, you cut back on this, you cut back on that.
• 17:42
  SPEAKER_00: Pretty soon now you're gonna cut into your yields, and there's no way to yield yourself out of out of trouble, and then you've got real trouble.
• 17:49
  SPEAKER_00: One more here.
• 17:50
  SPEAKER_00: The fertilizer institute is backing new bipartisan legislation.
• 17:54
  SPEAKER_00: It says could help expand domestic fertilizer production and strengthen supplies for American farmers.
• 18:00
  SPEAKER_00: The Bipartisan American Affordability and Jobs Act of 2026 would reform federal permitting laws and regulations, potentially reducing delays for new and expanded fertilizer facilities.
• 18:13
  SPEAKER_00: TFI president and CEO Corey Rosenbush says current permitting processes can involve years of delays and significant costs and uncertainty that discourage investment, discourage investment.
• 18:28
  SPEAKER_00: He says clearer timelines, better coordination among federal agencies, and improved access to natural gas pipelines could help manufacturers invest in additional production capacity.
• 18:40
  SPEAKER_00: Just rewind a little bit to what the folks at FOSS said.
• 18:45
  SPEAKER_00: It means fertilizer prices are not likely to come down for this season and likely for a couple of years in the future.
• 18:52
  SPEAKER_00: Now, there's new bipartisan legislation that I just talked about to expand domestic fertilizer production.
• 18:58
  SPEAKER_00: Great.
• 18:59
  SPEAKER_00: The Bipartisan American Affordability and Jobs Act of 2026 would reform federal permitting laws and regulations.
• 19:09
  SPEAKER_00: Not does, how long is it going to take us to get that passed?
• 19:14
  SPEAKER_00: And then how long after that is it gonna take us to actually come up with the reformed methods of doing things, of permitting?
• 19:23
  SPEAKER_00: And then if we're talking about improved access to natural gas pipelines, does that mean we build more pipelines?
• 19:29
  SPEAKER_00: How long does that take?
• 19:30
  SPEAKER_00: And then we gotta find investors, we gotta we gotta build the plant, we gotta source the product, we've got to this.
• 19:39
  SPEAKER_00: I mean, this is great.
• 19:41
  SPEAKER_00: This is great, but I don't see this helping us for I don't know, eight, nine, maybe ten years.
• 19:46
  SPEAKER_00: And we kind of need some help now.
• 19:50
  SPEAKER_00: But, you know, I guess great.
• 19:52
  SPEAKER_00: So that's the uh American Affordability and Jobs Act of 2026, bipartisan, at least.
• 19:58
  SPEAKER_00: I guess, I guess there's there's that.
• 20:03
  SPEAKER_00: Let's move on to the weather.
• 20:04
  SPEAKER_00: It's a beautiful day in Kansas City today, about 80 degrees, sunny.
• 20:09
  SPEAKER_00: We had a little bit of rain this morning, not much, doesn't add up to much really at all.
• 20:13
  SPEAKER_00: I think they'll probably call it a trace when she's all said and done.
• 20:17
  SPEAKER_00: According to the National Weather Service, a front over the upper Midwest will produce showers and thunderstorms over parts of the Northern Plains and Upper Mississippi Valley on Wednesday afternoon and move eastward into the upper Great Lakes by Wednesday evening.
• 20:30
  SPEAKER_00: The showers and thunderstorms move into the middle Mississippi Valley and Central Plains by Thursday morning.
• 20:37
  SPEAKER_00: Give me a second.
• 20:41
  SPEAKER_00: Use my mute button when I clear my throat.
• 20:44
  SPEAKER_00: We had a great conversation, by the way, yesterday with Neil Denton from Denton Farms.
• 20:49
  SPEAKER_00: It was great to get to know him, and I'm anxious to talk to him again.
• 20:55
  SPEAKER_00: If you didn't check it out, I would urge you to go do so.
• 20:58
  SPEAKER_00: It's a nice light-hearted conversation.
• 21:01
  SPEAKER_00: And really where we landed was well, what I'm from Grundy County, Iowa, the middle of a cornfield.
• 21:07
  SPEAKER_00: You know, corn and soybeans, all right.
• 21:10
  SPEAKER_00: But sometimes in the gut slot of the uh corn belt, we can have a tendency to uh, well, it's backyarditis, I guess.
• 21:19
  SPEAKER_00: I don't know.
• 21:20
  SPEAKER_00: He's from Kentucky, Neil Denton, and he's farming corn, beans, he's got canola going.
• 21:25
  SPEAKER_00: We talked about canola.
• 21:26
  SPEAKER_00: What's that like?
• 21:27
  SPEAKER_00: Where do where do you deliver this stuff?
• 21:29
  SPEAKER_00: What he's growing wheat, he's got all kinds of stuff going on.
• 21:33
  SPEAKER_00: He was on the road yesterday, and if you need someone to commiserate with, I think virtually, yesterday's show might make you feel just a little bit better.
• 21:43
  SPEAKER_00: He had driven 14 hours, well, seven hours one way, but he drove there and back to get some new tracks for his combine and got back to the shop and realized that uh there was that he needed a fitting.
• 21:56
  SPEAKER_00: But of course, the fitting was you know two hours away.
• 21:59
  SPEAKER_00: So when we talked to him, he was in the midst of his two hour traverse to go pick up the part so that he could install the part on his combine.
• 22:09
  SPEAKER_00: He's got about 20% left on his harvest and needs to get it done.
• 22:13
  SPEAKER_00: Hopefully the window stays open wide enough for us to uh to get it done.
• 22:17
  SPEAKER_00: I don't know, Neil, if you're listening out in the shop, our thoughts are with you, brother.
• 22:21
  SPEAKER_00: I hope you got it.
• 22:22
  SPEAKER_00: I hope you got your tracks put back on.
• 22:24
  SPEAKER_00: And uh I hope to talk to you again real soon.
• 22:27
  SPEAKER_00: We wish you the best.
• 22:27
  SPEAKER_00: But it was a terrific conversation yesterday.
• 22:30
  SPEAKER_00: And uh yeah, it sounds like they're uh they're farming up a storm out there in Kentucky.
• 22:36
  SPEAKER_00: Fascinating.
• 22:37
  SPEAKER_00: Fascinating to uh to sort of see how agriculture is is practiced in different parts of this glorious nation.
• 22:47
  SPEAKER_00: Let's get to some items of mild interest.
• 22:51
  SPEAKER_00: Ooh, this is a rough one.
• 22:52
  SPEAKER_00: October 28 is the date.
• 22:54
  SPEAKER_00: Back in 1846, the Donner Reed Party, a group of American pioneers who migrated to California in a wagon train from the Midwest, departed.
• 23:05
  SPEAKER_00: Now, according to popculture.com, American pioneers led by George Donner and James F.
• 23:11
  SPEAKER_00: Reed set out in May 1846 with a California wagon where the Donner Party.
• 23:17
  SPEAKER_00: After a series of mishaps and mistakes, their journey was delayed, and they spent the winter from 1846 and 47 in the Sierra and Nevada Mountains.
• 23:25
  SPEAKER_00: The trip should have lasted for maybe six months.
• 23:29
  SPEAKER_00: But the party was caught in unusually heavy snowfall in Nevada.
• 23:35
  SPEAKER_00: Starvation led to uh cannibalism.
• 23:37
  SPEAKER_00: They wound up having to eat each other.
• 23:39
  SPEAKER_00: When the survivors were rescued on April 21st, 1847, 42 of 90 people had died, according to U.S.
• 23:47
  SPEAKER_00: Army Corps of Engineers.
• 23:49
  SPEAKER_00: And if you look at that picture there, my wife has been there.
• 23:52
  SPEAKER_00: I can't quite read the thing.
• 23:54
  SPEAKER_00: I haven't I haven't been to the uh the the Donner Party Memorial up in the Sierra Nevadas, but apparently the the top of that platform where the the statues there are standing is how deep the snow was that year.
• 24:09
  SPEAKER_00: So I don't know what is that 15, 20 feet?
• 24:12
  SPEAKER_00: That's pretty serious.
• 24:14
  SPEAKER_00: Heck of a deal there with the Donner Party this day in history.
• 24:17
  SPEAKER_00: 1886, the Statue of Liberty was dedicated by President Grober Cleveland in New York City.
• 24:25
  SPEAKER_00: And for all you sci-fi nerds out there, of which I am one medium.
• 24:29
  SPEAKER_00: I I guess I would call myself a medium sci-fi nerd in 1982.
• 24:34
  SPEAKER_00: It's the birthday of Matt Smith, English actor, um, and uh the 11th, Doctor Who.
• 24:42
  SPEAKER_00: If you're familiar with New Who, see, I like New Who quite a bit.
• 24:46
  SPEAKER_00: Well, until Chibnell started writing for him again.
• 24:49
  SPEAKER_00: The later seasons, they kind of lost me a little bit.
• 24:51
  SPEAKER_00: But uh, but earlier on, especially the Matt uh Matt Smith era of Doctor Who, I really, really liked.
• 24:59
  SPEAKER_00: There's some great, great stuff in there.
• 25:01
  SPEAKER_00: Fish Fingers and Custard.
• 25:03
  SPEAKER_00: Fish Fingers and Custard is where we first met Matt Smith as Doctor Who.
• 25:08
  SPEAKER_00: I had a friend who's when I was in sixth grade, he was from Wales.
• 25:12
  SPEAKER_00: He was adamant.
• 25:13
  SPEAKER_00: He wasn't from he wasn't from England, he was from Wales.
• 25:17
  SPEAKER_00: And uh he always he had this joke that I didn't get at the time because I didn't watch the old Doctor Who, which you probably see on uh on PBS late at night.
• 25:26
  SPEAKER_00: And they're I don't know, I guess I just never got into them.
• 25:29
  SPEAKER_00: They're fine.
• 25:30
  SPEAKER_00: Some people really, really like them.
• 25:31
  SPEAKER_00: But uh he had a had a joke.
• 25:34
  SPEAKER_00: It went like this knock, knock.
• 25:37
  SPEAKER_00: Who's there?
• 25:39
  SPEAKER_00: Doctor.
• 25:40
  SPEAKER_00: Doctor Who! Precisely! I didn't get it.
• 25:45
  SPEAKER_00: But if you have a sci-fi nerd friend, you could uh you could try that one on them.
• 25:49
  SPEAKER_00: You might get a get a chuckle out of the deal.
• 25:51
  SPEAKER_00: I want to thank you for being here today.
• 25:53
  SPEAKER_00: That's uh that's all I got for you today.
• 25:55
  SPEAKER_00: Uh let me just take a moment and thank Trade the News.
• 25:58
  SPEAKER_00: Trade the news is useful news that my squad and I use for news.
• 26:03
  SPEAKER_00: Trade the news is news you can use.
• 26:05
  SPEAKER_00: Use trade the news for useful news.
• 26:07
  SPEAKER_00: And if you haven't had a chance, go to AgBull.com and check out all the lavish premium services we've got for you.
• 26:14
  SPEAKER_00: Visit Agbol.com or call 855-737 Farm.
• 26:18
  SPEAKER_00: Still got some of those uh Bluetooth speakers available for annual subscribers.
• 26:23
  SPEAKER_00: And just a word to everyone, Jim Wiesmeyer has flipped to premium.
• 26:29
  SPEAKER_00: Flipped to premium.
• 26:30
  SPEAKER_00: He's given giving it away because he loves agriculture for uh for 18 months.
• 26:35
  SPEAKER_00: He's given it away.
• 26:37
  SPEAKER_00: And uh the you know, you gotta draw the line somewhere.
• 26:40
  SPEAKER_00: Free ain't free for everybody.
• 26:42
  SPEAKER_00: And uh, so uh you can check that out at agbol.com as well.
• 26:47
  SPEAKER_00: Subscribe to Wees Meyer, subscribe to Agbull.com, set yourself up for success.
• 26:53
  SPEAKER_00: And speaking of the setup, we'll set you up first thing bright and early with AgSquawk AM and uh have the uh have the markets the setup for the day, and then we'll talk with Eli from BinFlow tomorrow afternoon.
• 27:07
  SPEAKER_00: Thanks for being here, everybody.
• 27:09
  SPEAKER_00: We'll see you again tomorrow for more Ag Squawk.