Latest / AG Bull / AG Squawk with Davis Michaelsen | Jed Sidwell | Diesel, Rates, And Rural Reality

Transcript

AG Squawk with Davis Michaelsen | Jed Sidwell | Diesel, Rates, And Rural Reality · AG Bull

0:09
SPEAKER_01: Grains and livestock were under pressure today.
0:12
SPEAKER_01: Hogs made a valiant effort at trading, at least mixed.
0:17
SPEAKER_01: Today I'll bring you some stories about AM radio.
0:20
SPEAKER_01: There's been some movement on the farm bill.
0:22
SPEAKER_01: We'll revisit Friday.
0:24
SPEAKER_01: There was a forum in Iowa on fertilizer, and uh we'll eventually end up with a wallpaper cleaner that you probably know as a toy.
0:44
SPEAKER_01: From behind the big blue, bodacious microphone of Ag Bull, your pal Davis Michelson, the handsome newsman, happy to be with you here on Wednesday, September 16.
0:54
SPEAKER_01: The handsome newsman is always happy to bring you the news.
0:57
SPEAKER_01: Yeah, we've got a lot to get to today.
1:00
SPEAKER_01: Some some news stories, and I'm gonna bring in Jed Sidwell a little bit later on.
1:05
SPEAKER_01: There was a Fed decision.
1:07
SPEAKER_01: He's been working some math, and I'm also just gonna just a little bit on cattle.
1:12
SPEAKER_01: We'll just hit the ultra high points with Jed Sidwell.
1:16
SPEAKER_01: Other than that, it's pretty much you, me, and the news, and I'm very excited to have you with us today.
1:22
SPEAKER_01: Glad to bring you some of this info because some of it may just make you think.
1:26
SPEAKER_01: And I hope that it does, and it may spur some action.
1:30
SPEAKER_01: You'll know when we get there.
1:31
SPEAKER_01: I'll let you know.
1:32
SPEAKER_01: But but for right now, thanks for being here.
1:35
SPEAKER_01: As always, may I direct you to AgBull.com where we would invite you to take your marketing by the horns with AgBull Intel, 855-737 Farm or visit Agbull.com right away, gang.
1:49
SPEAKER_01: And let's get into it.
1:50
SPEAKER_01: We'll start with ethanol production.
1:52
SPEAKER_01: Ethanol production increased by the same amount it did last week at just over one million barrels per day.
2:00
SPEAKER_01: Ethanol stocks continued to climb, however, up just a tenth of one percent on the week, now at twenty-five point two million barrels.
2:09
SPEAKER_01: Further into the show, I've got some news on E15 and the potential for year-round E-15 actually becoming a thing.
2:16
SPEAKER_01: Wouldn't that be awesome?
2:18
SPEAKER_01: We'll we'll get there.
2:19
SPEAKER_01: In other energy news, U.S.
2:21
SPEAKER_01: crude inventories declined 63.7% from the prior week.
2:26
SPEAKER_01: Gasoline stocks built but came in well below the previous week's gain.
2:31
SPEAKER_01: And diesel stocks climbed 1.5 million barrels in the report week ended September 11.
2:37
SPEAKER_01: This, according to EIA, that's the Energy Information Administration.
2:43
SPEAKER_01: That actually, yeah, I mentioned earlier Jed was scratching out some math on diesel prices and interest rates and their impact on the farmers' production budget.
2:53
SPEAKER_01: I'll ask him here in a bit.
2:55
SPEAKER_01: This is interesting, though.
2:57
SPEAKER_01: What what he's come up with was astonishing.
3:00
SPEAKER_01: We know the diesel prices are at record highs, and I don't know what I don't know where the ceiling is.
3:06
SPEAKER_01: I really don't.
3:07
SPEAKER_01: Things don't seem to be changing fundamentally all that much in the diesel markets.
3:11
SPEAKER_01: And Jed's done some math on it that he's going to bring to us in a little bit.
3:14
SPEAKER_01: But first, the tail of the ticker.
3:17
SPEAKER_01: Corn not quite two cents lower, and soybeans not quite two cents higher in the first hour of trade this morning.
3:25
SPEAKER_01: Winter wheat futures were similarly mildly higher.
3:28
SPEAKER_01: Cattle futures once again under pressure this morning as nearby lean hog futures tried to firm.
3:34
SPEAKER_01: Hogs gave it a shot.
3:35
SPEAKER_01: Rounding into the lunch hour, corn was a nickel lower, beans off two cents, and winter wheat three to four cents lower.
3:42
SPEAKER_01: Cattle futures continued to soften with deferred contracts leading declines.
3:47
SPEAKER_01: Lean hogs were still undecided at lunchtime, trading narrowly mixed at midday.
3:52
SPEAKER_01: And now let's get to the settlements over onto my TE4 plus 500 software, December corn.
3:58
SPEAKER_01: Down one and one half cent on the day, five thirty-four and a quarter.
4:03
SPEAKER_01: I was talking to Tommy earlier and he said, you know, if if corn and beans are only off like two two cents in the corn, three, four cents in the in the soybeans, we're going to call that a win.
4:13
SPEAKER_01: So uh on the uh grassafi meter, the uh December corns, actually all across the spectrum here out to the July, most of them down a penny and a half on the day, the decent five thirty-four and a quarter.
4:24
SPEAKER_01: That's a that's a win on the grassafi meter for today.
4:27
SPEAKER_01: November beans in positive territory, up all of one and three quarter cents, 1320 and a half.
4:34
SPEAKER_01: Looking further out, who was the standout here?
4:36
SPEAKER_01: Up three and a half cents in the July, 13.55 and a quarter on your soybeans.
4:42
SPEAKER_01: Meal was mixed, oil was just flat lower.
4:46
SPEAKER_01: Over to the wheats, December Chicago wheat, 7.30 and three quarters.
4:51
SPEAKER_01: That's up two and one quarter cents.
4:53
SPEAKER_01: Similar action over in the KC Wheats, a little more inspired, 7.99 and a half on your December KC wheat, working its way right up against eight bucks.
5:04
SPEAKER_01: Three and one quarter cents higher on the D'KC wheat on the day.
5:08
SPEAKER_01: And clicking over onto the livestocks tab, I've got October feeder cattle, 329.65 at settlement.
5:16
SPEAKER_01: That's down 420, dude.
5:19
SPEAKER_01: October Fat Cattle 218.45, down 225.
5:23
SPEAKER_01: And the October Lean Hog contract was uh 40 cents lower, 78.67 and a half.
5:30
SPEAKER_01: The December contract, actually up 30 cents at 69.95.
5:35
SPEAKER_01: And then we're lower for a couple of contracts to get out to May, and we're up seven and a half cents again.
5:39
SPEAKER_01: The May lean hogs at 82 and 40.
5:43
SPEAKER_01: And uh now a quick word from our sponsor.
5:47
SPEAKER_01: This thanks to plus 500.
5:48
SPEAKER_01: I've said it before, we here at Ag Bull use Plus500T4 software every day for real-time quotes and a host of dandy functions.
5:56
SPEAKER_01: You should too.
5:57
SPEAKER_01: That's plus five hundred, thanks to plus five hundred.
6:02
SPEAKER_01: And now I'm just gonna stay in my lane here and bring you some news that that I've been watching today.
6:09
SPEAKER_01: And it starts here.
6:10
SPEAKER_01: A bill aimed at preserving AM radio in new vehicles is headed to the House of Representatives for a vote.
6:17
SPEAKER_01: House Majority Leader Steve Scalise says the or has the AM radio for every vehicle act scheduled for a standalone vote this week.
6:28
SPEAKER_01: That would be the Amreva.
6:31
SPEAKER_01: Amreva.
6:32
SPEAKER_01: Amreva Act, scheduled for a standalone vote this week.
6:36
SPEAKER_01: The bill would see to it that the Transportation Department requires automakers to include AM receivers in new vehicles sold in the U.S.
6:45
SPEAKER_01: without extra cost to consumers.
6:48
SPEAKER_01: National Association of Broadcasters President Curtis Leggett called the called AM radio, quote, an indispensable lifeline during emergencies.
6:58
SPEAKER_01: Meanwhile, similar legislation awaits a final vote in the Senate.
7:02
SPEAKER_01: A lot of complaints about the new cars and trucks coming out.
7:05
SPEAKER_01: They've got the the giant view screens on them.
7:09
SPEAKER_01: Everything is digital, and along with that, oftentimes you gotta have a subscription service.
7:14
SPEAKER_01: I've heard it some you gotta have a subscription service and an app and a whole thing just to run heated seats in your vehicle.
7:22
SPEAKER_01: AM radio could easily kind of get flushed out in that whole air quotes uh technological advance.
7:31
SPEAKER_01: I'm all online here.
7:33
SPEAKER_01: I spent years, over a decade, on serving the good folks on AM radio in syndication and grew up listening to well, FM as well, but AM radio in particular out on the farm, and I know that it has been a constant companion and it has been a place where you go because it still works if the internet goes down is a big thing.
7:56
SPEAKER_01: If you're in a big storm or something, and you know, the National Association of Broadcasters president Leggett called uh called it an indispensable lifeline during emergencies, but it is really so much more than that.
8:08
SPEAKER_01: And so this AM Radio for Every Vehicle Act moving through the House of Representatives and a similar one coming through the Senate.
8:17
SPEAKER_01: We'll see where that winds up.
8:18
SPEAKER_01: My fingers across, hoping that we can preserve AM radio at no extra cost to the consumer.
8:25
SPEAKER_01: Imagine that, something with no extra cost to the consumer.
8:28
SPEAKER_01: Oh, that'd be refreshing, wouldn't it?
8:30
SPEAKER_01: Moving on.
8:31
SPEAKER_01: Republican Senator Mitch McConnell is back at work after a three-month battle with health problems and is expected to help push the farm bill across the finish line, at least in the Senate Ag Committee today.
8:43
SPEAKER_01: McConnell told reporters earlier this week he's quote, determined to work to pass farm legislation.
8:51
SPEAKER_01: Other senators on the AG Committee, very excited, glad to have him back aboard.
8:55
SPEAKER_01: He would have been a major tipping vote, and we might not even still be having the conversation had he not suffered some health problems, which took him out of the game for uh for a good three months.
9:06
SPEAKER_01: South Dakota Senator John Thune lauded the bill, which also includes expanded farm loans, funding for research, rural development, and modernized conservation programs.
9:18
SPEAKER_01: In addition, Thune noted, quote, it's taken a lot of work to get here, but I'm very proud this farm bill delivers permanent year-round E-15.
9:29
SPEAKER_01: Not a done deal yet.
9:31
SPEAKER_01: Still trying to pass out of the ag committee, as I understand.
9:34
SPEAKER_01: Weismeyer will know all about it.
9:35
SPEAKER_01: I'm sure he and Tommy will talk about it on Wiesmeyer's perspectives later on.
9:39
SPEAKER_01: That'll be this weekend.
9:41
SPEAKER_01: And uh by that point, we may have an up or down vote on passage through the Senate Ag Committee.
9:46
SPEAKER_01: But uh year-round E-15 would certainly be a shot in the arm at a time when farm country needs it.
9:52
SPEAKER_01: Democrat support may be a tough sell because they've got their objections, most of them revolving around SNAP provisions and the like.
10:01
SPEAKER_01: So uh it feels like with McConnell back, we're a little bit closer to passage finally of a farm bill.
10:10
SPEAKER_01: And I know a lot of it has been covered in the the one big beautiful bill, but uh there are still some provisions that need to be addressed.
10:18
SPEAKER_01: And there's gonna be a fight.
10:20
SPEAKER_01: Don't don't kid yourself there.
10:21
SPEAKER_01: The snap thing, Democrats really are holding on to that that issue and have thus far been unwilling to budge.
10:28
SPEAKER_01: But you're around E-15, man.
10:30
SPEAKER_01: Wouldn't that be something?
10:31
SPEAKER_01: Wouldn't that be something?
10:32
SPEAKER_01: And to have a farm bill.
10:34
SPEAKER_01: One more here.
10:35
SPEAKER_01: Iowa Capitol Dispatches Cammy Coons reported that U.S.
10:39
SPEAKER_01: Department of Ag Deputy Secretary Stephen Vaden was in Iowa Friday.
10:43
SPEAKER_01: We talked about this yesterday.
10:44
SPEAKER_01: I want to dig deeper.
10:46
SPEAKER_01: Today we're gonna revisit here.
10:48
SPEAKER_01: Vaden was asking farmers from across the country to share their experiences, to share their experiences dealing with consolidation and pricing issues in the fertilizer industry.
10:59
SPEAKER_01: Stick with me here.
11:01
SPEAKER_01: It's about to get zoppity.
11:02
SPEAKER_01: The dispatch reported on comments from Linda Thrasher from a panel discussion.
11:07
SPEAKER_01: Thrasher is a co-founder of the farmer-formed Greenfield Nitrogen, which is working to increase domestic ammonia production.
11:15
SPEAKER_01: They are they're trying to get, I said yesterday, uh, the expense, the time, the regulatory issues, the whole thing, how hard it is to increase domestic fertilizer production.
11:26
SPEAKER_01: This company here, under the leadership of Linda Thrasher and and uh co-founders, Greenfield Nitrogen, trying to get this thing off the ground.
11:36
SPEAKER_01: Thrasher said the retails, retailers, and farmer cooperatives they have approached won't make a deal with them for fear of being blackballed by the main companies they purchase from.
11:48
SPEAKER_01: This, according to the dispatches, Cammy Coons.
11:50
SPEAKER_01: Good work, Cammy.
11:52
SPEAKER_01: USDA sec uh Deputy Secretary Vaden echoed Thrasher's sentiments, telling the crowd, quote, get this.
11:59
SPEAKER_01: The reason why I am here with you today and am so interested in being here and listening to what you have to say is we all know something hasn't been right in the fertilizer market, Vaden said.
12:11
SPEAKER_01: We all know it's not really a free market.
12:15
SPEAKER_01: Those are strong words.
12:16
SPEAKER_01: Strong words from Deputy Secretary Vaden.
12:19
SPEAKER_01: He's a straight shooter.
12:20
SPEAKER_01: I've spoken with Mr.
12:21
SPEAKER_01: Vaden, Secretary Vaden, and Well, and here's the thing Vaden has served as a judge on the U.S.
12:27
SPEAKER_01: Court of International Trade and is USDA's general counsel.
12:31
SPEAKER_01: Vaden said individual stories from farmers will help as the U.S.
12:36
SPEAKER_01: Federal Trade Commission investigates the industry for potential unfair pricing or anti-competitive practices.
12:43
SPEAKER_01: We saw this, oh, it's probably about ten, maybe eleven years ago, where the big three were in cahoots and all decided to settle on an antitrust kind of a thing.
12:54
SPEAKER_01: I'm not going to name any names without giving uh more specifics about uh how all that hung together.
13:00
SPEAKER_01: But this is this is nothing new in the fertilizer space, and we've got Vaden there.
13:05
SPEAKER_01: Now, there was lots of talk about sharing your stories and how, okay, you know, if a if a judge or a panel hears from a couple of farmers, yeah, fertilizer's too high, it's it's it's a problem, okay.
13:19
SPEAKER_01: Maybe.
13:20
SPEAKER_01: The more people that they can get opinions from and and just stories from, anecdotes about why how how that has affected your operation, your farm economics, the the greater chance that they have of drawing attention to this matter, which is very, very important to all of us.
13:40
SPEAKER_01: Unfortunately, I may have to get back with you on this, but I couldn't see any there's I couldn't find a portal or any place where you could go, you know, click here to follow the link to leave a comment or anything like that.
13:53
SPEAKER_01: So it may be up to just phoning your preferred legislator and letting them know your fertilizer tales of woe because they are many and I understand they they cut deep.
14:04
SPEAKER_01: With that, let me bring in Jed Sidwell.
14:07
SPEAKER_01: You know and love Jed from first thing in the morning.
14:10
SPEAKER_01: He's your bright morning sunshine each and every day with Egg Squawk in the AM.
14:16
SPEAKER_01: Buddy, you do such a darn good job with that and getting everybody ready.
14:19
SPEAKER_01: And you're quick too.
14:21
SPEAKER_01: See me, I can talk all day doing this, but you you only need just a short time to get the information out there that people need so they can get on the right foot in the markets and in their life, you know, each each day.
14:33
SPEAKER_01: So well done, sir.
14:34
SPEAKER_01: Well done.
14:35
SPEAKER_01: Thanks for being here with me for just a second.
14:37
SPEAKER_01: I won't take up much of your time, I promise.
14:38
SPEAKER_01: All right.
14:39
SPEAKER_00: Oh, that's all right, David.
14:40
SPEAKER_00: So they gave me any more time, I'd run out of things to say.
14:43
SPEAKER_00: It's convenient.
14:44
SPEAKER_00: Don't know a lot, and they gave me a short time, so it works out all right.
14:48
SPEAKER_01: Well, here's here's one.
14:50
SPEAKER_01: The Federal Open Market Committee, apparently, and it's early, so I hope this is correct, but the Federal Open Market Committee decided to raise the federal funds rate by a quarter percentage point, 25 basis points.
15:02
SPEAKER_01: Jed, can we can we maybe start there and just talk about the Fed a little bit?
15:06
SPEAKER_01: And then I did also tease uh, and I don't remember mentioning this to you, but I know you this is what you get for doing math out loud.
15:14
SPEAKER_01: As we were getting ready for the show, Jed was doing some math out loud, and the bottom line spooked me a little bit on diesel and interest rates.
15:21
SPEAKER_01: But uh, can we talk about the federal feds rate to begin with and then maybe lead us into that?
15:26
SPEAKER_00: Yeah, we thought that they were going to meet here at two, Davis, and so it kind of caught us off guard uh before the show that yeah, it had already come out, but it was a unanimous vote to raise it from 3.75 to 4%.
15:38
SPEAKER_00: Now, it affects a lot more things than agriculture, that's for sure.
15:43
SPEAKER_00: But the big thing is is that it really just affects bottom line for all aspects of the agricultural industry and what that means for kind of penciling not only you know future seasons, but you know, generationally on down the line, it'll be interesting to see how this broadly affects agriculture.
16:04
SPEAKER_00: And like we talked about, it's not the only thing that's expensive right now, Davis.
16:09
SPEAKER_00: Diesel is the headline everywhere.
16:12
SPEAKER_00: Like I heard people today, this morning, I went and got a donut because I'm a guy that clearly likes donuts, and I heard donuts are good.
16:20
SPEAKER_00: Donuts are good fuel this morning, that's insane.
16:22
SPEAKER_00: Oh, yeah, it's clearly something people are talking about.
16:25
SPEAKER_00: So, yeah, I did some simple math with my best buddy Claude here.
16:28
SPEAKER_00: Don't worry, I I checked his math for you.
16:30
SPEAKER_00: Good, good.
16:32
SPEAKER_00: But the increase in I did for an average combine, average harvest season length with the new increase in red fuel prices, tack on the fact the increase that you'd have in your operating note, the increase for running one combine by itself for the year is an extra$7,500.
16:56
SPEAKER_01: $7,500 for a season.
16:59
SPEAKER_00: For one season.
17:00
SPEAKER_00: Now, that may not seem like a lot, you know.
17:02
SPEAKER_00: You can say, well, the tire one tire costs that much.
17:05
SPEAKER_00: That's fair.
17:06
SPEAKER_00: That's also one harvest employee, Davis.
17:09
SPEAKER_02: Mm-hmm.
17:09
SPEAKER_02: Mm-hmm.
17:10
SPEAKER_00: Absolutely multiply that by the time you throw in a grain cart, a few trucks, another combine, your pickup, a generator.
17:19
SPEAKER_00: It adds up after a while.
17:21
SPEAKER_01: Well, and there's there's kind of some rain rolling through here.
17:24
SPEAKER_01: We might have to run some of this through the dryer, too.
17:26
SPEAKER_01: An LP isn't isn't at record prices, but it ain't exactly cheap either, is it?
17:31
SPEAKER_00: No, it's not.
17:32
SPEAKER_00: And that'll roll pretty good into our livestock discussion here in a bit, because we've been seeing some rains everywhere.
17:40
SPEAKER_00: Iowa, they have gotten a lot of rain, and it's you know, flood risk there.
17:45
SPEAKER_00: At the same time, some areas of Oklahoma have gotten rains that they've beneficially been needing, even into Kansas, Nebraska, and Colorado for this weekend.
17:55
SPEAKER_00: We have some rains on the forecast back home where I'm from.
17:59
SPEAKER_00: But it comes at the wrong time, is the big thing there.
18:02
SPEAKER_00: And we always want to be grateful for moisture, and I'm not going to be the guy to complain about it.
18:06
SPEAKER_00: But it makes it hard to get into the field.
18:09
SPEAKER_00: And at this point, for grazing situations, Davis, it's a little bit too late.
18:13
SPEAKER_00: And I'll go ahead and I'll pop this graphic on now.
18:15
SPEAKER_02: Yeah, do it.
18:16
SPEAKER_00: Cattle areas in drought.
18:18
SPEAKER_00: The main cattle areas are the dark green ones there.
18:21
SPEAKER_00: Obviously, the light green still livestock areas.
18:25
SPEAKER_00: The red is areas with droughts.
18:27
SPEAKER_00: And as you can see, other than just the mid, you know, the majority of the corn belt, the rest of the country, the plains, have been hurting.
18:37
SPEAKER_00: And at this point, we are where we are.
18:39
SPEAKER_00: We survived the summer.
18:41
SPEAKER_00: We've probably starting to wean calves and things like that.
18:44
SPEAKER_00: But what that means for prices on into the winter for hay, forage, roughage, things like that, they're not going to get any relief.
18:54
SPEAKER_00: And that'll cut in the bottom lines pretty dang hard.
18:57
SPEAKER_00: Hopefully, we can maybe see you know some winter pastures, you know, get a bounce of life back before we move calves and cows or move cows into calving pastures and things like that.
19:08
SPEAKER_00: But that's one of the big things affecting the cattle market right now.
19:14
SPEAKER_00: There's also one more thing that I'd like to bring up, Davis, and that has been hacker margins.
19:18
SPEAKER_00: Hacker margins have just been pretty poor for 2026, and it's something that we've been talking about.
19:24
SPEAKER_00: But recently they've bounced into the black.
19:27
SPEAKER_00: And I talked about this on the morning show just a few days ago, where 2026 is that blue line there.
19:32
SPEAKER_00: We're sitting around an estimated, I mean, these are estimated numbers,$184 and some change per head for your average packer.
19:44
SPEAKER_00: What's interesting right now, and Mike Sands talked and I talked about it on our Fat Tuesday show yesterday, so if you're a subscriber of Ag Bull, make sure and go and catch that show because we dug into cattle on feed numbers and what to kind of expect here with this new report coming out.
19:58
SPEAKER_00: But with this large heavy front-end supply that we have and the Packer finally getting you know a bit more of a strong arm on them, they're might going to be able to say, ah, we might be able to hold off when feed yards need to push cattle to the show lists quicker.
20:18
SPEAKER_01: So what are the implications then for the cash cattle market on the ground moving forward from here?
20:26
SPEAKER_00: You know, sale barns seem to be pretty dang resilient on the feeder cattle side of things.
20:31
SPEAKER_00: Some sales have been pretty good throughout the country.
20:34
SPEAKER_00: I've heard some good stories out of the north and things like that.
20:38
SPEAKER_00: I saw a water buffalo the other day sell for$3,000.
20:41
SPEAKER_00: Uh so that caught my eye.
20:43
SPEAKER_00: Just anecdotally.
20:45
SPEAKER_00: So yeah, maybe that should be our indicator, you know, single-head water buffalo sales.
20:50
SPEAKER_00: Yeah.
20:50
SPEAKER_00: And the big play there is the Mexican border.
20:54
SPEAKER_00: We thought that this would be something, you know, that we would see this flood of cattle come in across our border.
20:59
SPEAKER_00: And right now we have one open, and that border crossing isn't even running at near capacity.
21:05
SPEAKER_00: And they're saying that we're going to Mr.
21:07
SPEAKER_00: Mike Sands projected a date, I think it's the 29th, 28th.
21:10
SPEAKER_00: Don't quote me on that, that they're going to open the Santa Teresa border port as well, as well as Douglas.
21:17
SPEAKER_00: We'll see if we get any more head from that.
21:18
SPEAKER_00: But right now, yeah, it's not even going to keep up with the decrease in production from 25 to 26.
21:26
SPEAKER_00: Wow.
21:27
SPEAKER_00: So not kind of a non-event there.
21:30
SPEAKER_01: A drop in the bucket, you might say.
21:31
SPEAKER_00: A drop in the bucket.
21:33
SPEAKER_01: Apparently, Secretary Rollins is headed down to uh to lead another discussion on the uh on the border there.
21:39
SPEAKER_01: Are you watching this at all?
21:40
SPEAKER_01: Down to is it New Mexico she's headed to?
21:42
SPEAKER_01: I forget.
21:43
SPEAKER_00: Yeah, I think so.
21:44
SPEAKER_00: I and she's been there before and she said a few things that you know caught some turned some heads.
21:50
SPEAKER_00: But at this point, unless it's something drastic, I'm for sure gonna be listening to it, but I wouldn't expect just a ton.
21:57
SPEAKER_01: Jed, let me ask you something.
21:59
SPEAKER_01: I'm taking a bit of an unofficial survey here.
22:01
SPEAKER_01: The maybe you heard about the uh the AI, and there was a developer who who gave it 10% chance that.
22:09
SPEAKER_01: That AI will destroy humanity, I believe, by the end of the decade.
22:13
SPEAKER_01: Ten percent, okay.
22:14
SPEAKER_01: Uh, that leaves us a ninety percent chance of survival, which those odds are pretty good.
22:20
SPEAKER_01: What percent of a chance that AI will destroy the human human race are you comfortable with?
22:27
SPEAKER_00: Uh you gotta it'd have to wake up dang early in the morning to beat me.
22:31
SPEAKER_00: I know that.
22:32
SPEAKER_00: But I did see kind of thought-provoking thing.
22:35
SPEAKER_00: The AI and chipmaking market right now is highly, highly competitive.
22:41
SPEAKER_00: I mean, we are seeing companies compete like no other, and that in general is good for economies, but they're all trying to compete and trying to beat one another.
22:52
SPEAKER_00: Yeah, if you were one of those companies, why wouldn't you come out and say, hey, everyone else, slow down just a little bit?
22:59
SPEAKER_00: We need to be concerned for our safety.
23:02
SPEAKER_00: We'll keep going, but you guys, you get to slow down just a nickel.
23:05
SPEAKER_00: I saw that and I was like, I hadn't even thought of that.
23:10
SPEAKER_00: That that was a might be a strategic ploy more than anything, and you know, we'll see what happens.
23:16
SPEAKER_00: I think, you know, general production things are going to continue to be run by humans for a long time.
23:24
SPEAKER_00: Yeah.
23:24
SPEAKER_00: We'll see what happens 10, 20 years from now.
23:27
SPEAKER_00: But that's where my head's at right now.
23:29
SPEAKER_01: Only God can make a cow, but it does take a cowboy to raise it, doesn't it?
23:32
SPEAKER_00: It does.
23:33
SPEAKER_00: It does.
23:33
SPEAKER_00: All right.
23:34
SPEAKER_01: All right, all right.
23:35
SPEAKER_01: Jed Sidwell, thanks so much for being here.
23:37
SPEAKER_01: Appreciate you hopping in with us.
23:39
SPEAKER_01: I'll cut you loose with that.
23:41
SPEAKER_01: And uh, you know what?
23:43
SPEAKER_01: With that, why don't I uh why don't I bring up another sponsor of ours?
23:47
SPEAKER_01: That's uh trade the news.
23:48
SPEAKER_01: Trade the news is what my squad and I use for useful news.
23:52
SPEAKER_01: It tells us what's moving the markets in the news.
23:55
SPEAKER_01: Trade the news is news you can use.
23:58
SPEAKER_01: Use trade the news.
24:00
SPEAKER_01: And with that, let's turn to the National Weather Service short-term forecast here.
24:08
SPEAKER_01: Repeated rounds of showers and thunderstorms could bring a flash flooding threat across the Four Corners region and from the mid-Misissippi Valley into the lower Great Lakes.
24:17
SPEAKER_01: Hot temperatures and high humidity will continue to challenge daily records from the southern plains into the lower Mississippi Valley.
24:27
SPEAKER_01: It's uh, what is it, about 90 degrees here in Kansas City today, right at we're just just after 2 p.m.
24:33
SPEAKER_01: Central time.
24:34
SPEAKER_01: The humidity came back up for us, and uh, we had some some significant rains overnight.
24:39
SPEAKER_01: It felt good, it was nice, but uh we're uh we're easing our way into fall, I guess, is what you might what you might call it there.
24:50
SPEAKER_01: Um with that, let me bring you this from popculemadness.com.
24:58
SPEAKER_01: An item of mild interest, and then I'll let you go.
25:01
SPEAKER_01: The Play-Doh we know of today was created for a very different purpose.
25:06
SPEAKER_01: It was originally developed as a wallpaper cleaner in the 1930s.
25:11
SPEAKER_01: Cleo McVicker, who owned the Ohio-based company, and his brother Noah came up with an unexpectedly flexible formula.
25:19
SPEAKER_01: What resulted from the compound was clay-like material, which was non-toxic and malleable.
25:28
SPEAKER_01: In 1956, the Rainbow Crafts Company started making the product and advertising on children's television program.
25:35
SPEAKER_01: The salty, soft, and colorful clay is now considered one of the most iconic toys in history, now owned by Hasbro.
25:42
SPEAKER_01: Play-Doh is composed of water, a starch-based binder, a retrogradation inhibitor, salt, lubricant, surfactant, preservative, hardener, humectant, fragrance, and color.
25:57
SPEAKER_01: I guess my question off of that list would be So somewhere out there there's a formula to make Play-Doh smell like Play-Doh?
26:05
SPEAKER_01: And what does it smell like without the fragrance?
26:08
SPEAKER_01: I mean, I can't imagine that a wallpaper cleaner would would smell all that good.
26:13
SPEAKER_01: But somewhere there's a formula for Play-Doh smell.
26:18
SPEAKER_01: Just roll that around in your head a little bit.
26:21
SPEAKER_01: Thanks to Jed Sidwell for being here.
26:23
SPEAKER_01: Thanks to Plus500.
26:24
SPEAKER_01: Thanks to Trade the News.
26:25
SPEAKER_01: If you haven't had a chance, go to Agbol.com, check out all the lavish premium services we've got for you there.
26:31
SPEAKER_01: Agbull.com or call 855-737 F A R, followed by the letter M.
26:38
SPEAKER_01: Jed Sidwell will once again set you up bright and early tomorrow morning with his shining face, and then I'll have a conversation with Warren Simons from the South Dakota Cattleman tomorrow afternoon.
26:49
SPEAKER_01: Tune in next time for more Ag Squawk.