Latest / AG Bull / Davis Michaelsen & Jim Wiesemeyer Talk USDA

Transcript

Davis Michaelsen & Jim Wiesemeyer Talk USDA · AG Bull

0:09
SPEAKER_01: Well, another big report day today.
0:13
SPEAKER_01: Seemed pretty friendly to wheat, subtly friendly to corn.
0:17
SPEAKER_01: And with soybeans, it was bigger crop, but even bigger export expectations.
0:22
SPEAKER_01: I'm gonna get to know somebody you already know, but I want to dig just a little deeper.
0:39
SPEAKER_01: From behind the big blue, bodacious microphone of Agbol, your pal Davis Michelson, the handsome newsman coming to you from Kansas City, USA.
0:51
SPEAKER_01: I'm really excited about today's show.
0:53
SPEAKER_01: I kind of got that Friday feeling just a little bit.
0:55
SPEAKER_01: I hope you do too.
0:56
SPEAKER_01: I mean, it's not a bad thing at all.
0:58
SPEAKER_01: We're almost there, everybody.
1:02
SPEAKER_01: Thing is, you know, I was raised to I was raised to respect the fact that there's no such thing as Friday on the farm.
1:07
SPEAKER_01: You know what I mean?
1:08
SPEAKER_01: Maybe Sunday, sure.
1:10
SPEAKER_01: But you know, it's Friday.
1:12
SPEAKER_01: And I gotta be honest, I don't I don't know if you caught yesterday's fertilizer spectacular that I did.
1:17
SPEAKER_01: I started the show talking about how we'd had thunderstorms that night, and Blaze the handsome news dog doesn't care for the thunder.
1:26
SPEAKER_01: Well, we had more thunder last night, and Blaze once again took up his share of the bed.
1:34
SPEAKER_01: A little bit more than his share, I would argue, but he claims that it all works out on paper.
1:39
SPEAKER_01: I've have yet to see that math.
1:40
SPEAKER_01: Anyway, more thunderstorms last night to the point that a tree fell down in my neighbor's yard right on top of the power lines.
1:50
SPEAKER_01: I've been out of power for most of the morning today.
1:53
SPEAKER_01: I missed all the fireworks, I missed the whole shooting match with the reports.
1:58
SPEAKER_01: So it's it's really important that we have my guest Jim Weissmeyer with me today.
2:02
SPEAKER_01: I'm gonna bring him in in just a little bit, but first I want to bebop through the markets for you and just check the settlements here.
2:09
SPEAKER_01: There's December corn up eight and a quarter at 460 and a quarter, Novi beans up eight cents on the day, 1189 and a half, meal was higher, soybean oil was higher.
2:20
SPEAKER_01: Look at the wheats here, good people.
2:22
SPEAKER_01: Up double digits, the September Chicago wheat up 19.5 at 639 and a quarter, and the KC wheat up 21 cents even.
2:31
SPEAKER_01: Three, excuse me, three.
2:32
SPEAKER_01: Uh 675 and a uh and a quarter there.
2:37
SPEAKER_01: Looks like 676 and a quarter by the time she settled out for us.
2:41
SPEAKER_01: The the cattles didn't fare quite so well.
2:43
SPEAKER_01: A little little tougher day for them.
2:46
SPEAKER_01: Fat cattle lower.
2:47
SPEAKER_01: I'm calling it moderately lower, live and feeder cattle lower as well.
2:51
SPEAKER_01: Lean hogs and nearby's slightly higher, 60 to 70 cents or so higher.
2:57
SPEAKER_01: So, you know, the nearby hogs kind of were the the stars in the in the livestocks there.
3:03
SPEAKER_01: Uh, I get my quotes from plus 500.
3:06
SPEAKER_01: We use plus 500 T4 software every single day for real-time quotes here at Ag Bull.
3:12
SPEAKER_01: Uh, and you should too.
3:14
SPEAKER_01: That's plus 500 plus 500, everybody.
3:18
SPEAKER_01: And with that, let me bring in Jim Wiesmeyer.
3:20
SPEAKER_01: I'm just so excited.
3:21
SPEAKER_01: I I can barely concentrate.
3:22
SPEAKER_01: Jim Wiesmeyer from Wiesmeyer's perspective.
3:25
SPEAKER_01: Jim, so good to see you, brother.
3:26
SPEAKER_01: How are you doing?
3:27
SPEAKER_02: I'm here.
3:28
SPEAKER_02: We've had a major USDA report that we'll get into, but I'm glad to be on the same side of you now again with our old pro farmer days and agri talk.
3:37
SPEAKER_02: And now we've got our own programs.
3:40
SPEAKER_01: That's right.
3:41
SPEAKER_01: That's right.
3:41
SPEAKER_01: Well, and let's let's just talk about it a little bit.
3:44
SPEAKER_01: You and I both wound up over at Agbol, but you tested the waters first.
3:48
SPEAKER_01: And when when the good folks at Ag Bowl Media reached out to Davis and said, Hey, we got an idea.
3:54
SPEAKER_01: You should let's you want to you want to have a conversation.
3:57
SPEAKER_01: I I called you, Jim.
4:00
SPEAKER_01: And I think what you have you have found here is an expression of the the old well, I don't know if I would say it this way.
4:11
SPEAKER_01: The the way that that you and I both have been trained that agriculture should be communicated, should be treated with respect, with dignity, with upfront information.
4:21
SPEAKER_01: But in this new media, you were very encouraging and very fired up about Ag Bull when you and I first spoke about it.
4:28
SPEAKER_02: Absolutely.
4:29
SPEAKER_02: And to also make it fun, to also make it fun.
4:33
SPEAKER_02: And I remember that was the early days of ProFarmer.
4:36
SPEAKER_02: We worked very hard, but we still had fun too.
4:39
SPEAKER_02: But it's the communications of using the different tools that we have now, and Tommy Grassoffi is teaching me that.
4:47
SPEAKER_02: I can't say taught because I'm still learning, but he knows the tools and he's reaching out there, and that's what we're bringing with our different podcasts and our other editorial products now.
4:57
SPEAKER_02: So we're just starting.
5:00
SPEAKER_01: And it there are a lot of great things ahead.
5:02
SPEAKER_01: That's exactly right.
5:03
SPEAKER_01: We're we're just starting here.
5:05
SPEAKER_01: You've already been rolling a little bit.
5:07
SPEAKER_01: I I just started the AgSquawk afternoon edition.
5:10
SPEAKER_01: Well, this is this is my first Friday, actually.
5:13
SPEAKER_01: We had last Friday off, but uh, we've been at it just under two weeks, technically, and having a great time doing it and really excited.
5:21
SPEAKER_01: There's there's also premium stuff that agbold.com offers.
5:25
SPEAKER_01: You can go to Agbol.com or call 855737 Farm 25 bucks a month, or you can save two months worth of worth of your fees there by uh subscribing for an entire year all at once for 250 smackers worth every penny.
5:41
SPEAKER_01: Jim, let's get to know you a little bit first because your content is integral to what goes on over there behind that magic paywall.
5:49
SPEAKER_01: Who is Jim Wiesmeyer?
5:51
SPEAKER_01: You're a journalist, you're out in DC.
5:54
SPEAKER_01: What's what's to know about you?
5:55
SPEAKER_01: Where are you originally from Missouri?
5:57
SPEAKER_02: Are you a Missouri boy from back in Illinois, southern Illinois, near St.
6:00
SPEAKER_02: Louis, but on the Illinois side, Troy, Illinois.
6:03
SPEAKER_02: I started it from SIU.
6:05
SPEAKER_02: I went to Donne Agricultural Service in April, literally April Fool's Day, 1971.
6:13
SPEAKER_02: Now that makes me older, you know, not old, older.
6:18
SPEAKER_02: I'm a veteran.
6:19
SPEAKER_02: I'm seasoned, I'm a veteran, veteran.
6:22
SPEAKER_02: But but again, long path uh from a newsletter uh writer uh in the pro farmer days to magazine writers.
6:30
SPEAKER_02: We used to have commodities, then futures magazine, and the disciplines involved in in that writing and the wire service days, and that's probably where I got my my best training is on the wire service because it taught you how to.
6:47
SPEAKER_02: We didn't have cell phones in the early days of the wire service, right?
6:50
SPEAKER_02: That you had to run to the telephone to dictate a story, so you had to be succinct, uh, you know, you had to have a good header, headline, and you had to be tight with the copy, and that's hopefully what the podcasts are gonna do.
7:03
SPEAKER_02: Right.
7:04
SPEAKER_02: We bring punchy headlines, succinct bottom line stuff, and so it really hasn't changed.
7:10
SPEAKER_02: The tools have changed, but the the but the mission has not.
7:14
SPEAKER_01: Yeah, yeah.
7:15
SPEAKER_01: Uh, you know what?
7:15
SPEAKER_01: I had I had Wiesmeyer music all lined up there, and I got so excited.
7:19
SPEAKER_01: I forgot to play it when I introduced you.
7:21
SPEAKER_01: I'm gonna redo your intro, Jim, and with the music this time, and not with that.
7:26
SPEAKER_01: Let me bring in Jim Wiesmeyer, long time DC policy and ag analyst.
7:35
SPEAKER_01: It's not bad, right?
7:36
SPEAKER_02: No, we're gonna have to tell Tommy to bring some of that in for Wiesemeyer's perspectives.
7:41
SPEAKER_01: That's pretty good.
7:42
SPEAKER_01: How long have you been out in DC then?
7:44
SPEAKER_02: Since the mid-70s.
7:45
SPEAKER_01: Okay.
7:46
SPEAKER_01: Long time.
7:47
SPEAKER_02: I'm a Easterner now.
7:48
SPEAKER_02: I'm no longer a Midwesterner, although I still love southern Illinois.
7:53
SPEAKER_02: I love Illinois outside of Chicago.
7:56
SPEAKER_01: Okay.
7:57
SPEAKER_01: Very very good.
7:58
SPEAKER_01: I think you're not alone in that.
8:01
SPEAKER_01: Let's let's talk about the report out today.
8:04
SPEAKER_01: As I said earlier, kind of a big deal for wheat and but equally, maybe not equally, but also friendly for corn and soybeans.
8:11
SPEAKER_01: Just give us a couple of takeaways because there's a lot in there, Jim.
8:15
SPEAKER_02: Yeah.
8:16
SPEAKER_02: USDA forecasts the smallest U.S.
8:18
SPEAKER_02: wheat crop since 1970 at uh 1.536 billion bushels.
8:24
SPEAKER_02: Winter wheat production fell 990 million bushels, down 29 from last year.
8:32
SPEAKER_02: The Plains drought hammered that HRW crop with Kansas down 43%.
8:39
SPEAKER_02: So, what's that mean?
8:40
SPEAKER_02: Wheat ending stocks dropped to 722 million bushels.
8:45
SPEAKER_02: That's down 22% from last year.
8:48
SPEAKER_02: Whenever you drop ending stocks carry over that much, you're gonna have higher prices, and that's what we had today.
8:55
SPEAKER_01: Yeah, yeah, absolutely.
8:57
SPEAKER_01: On the corn side there, I I noticed in what you had written after the reports, you brought up the word feed, and corn demand has already been pretty decent.
9:08
SPEAKER_01: What did we find out about the demand for corn moving forward?
9:12
SPEAKER_02: We've got a demand pull market, that's what it tells me.
9:14
SPEAKER_02: And they're always the best bull markets.
9:17
SPEAKER_02: And yes, I said bull markets because I I really honestly think that's what we're getting into.
9:21
SPEAKER_02: Yeah, ending stocks of corn were cut 170 million bushels.
9:26
SPEAKER_02: That's more than the trade thought.
9:28
SPEAKER_02: That's why you had a positive reaction, and they were cut to 1.79 billion bushels on stronger feed use and exports.
9:37
SPEAKER_02: That's your demand, you know, uh uh areas there.
9:41
SPEAKER_02: So we're we're waiting now.
9:43
SPEAKER_02: Now that the report is over, we're gonna have to talk weather and yield.
9:46
SPEAKER_02: We'll get into that later.
9:47
SPEAKER_02: But but the corn was probably, when you look at it, just as bullish as the wheat numbers were today.
9:54
SPEAKER_01: Okay.
9:54
SPEAKER_01: Uh if we look at the at the settlements here, less bullish, but still higher on the day were the soybeans, bigger crop, but even bigger export expectations get the uh get the nod there.
10:07
SPEAKER_02: The stronger exports absorb that increase because production rose 40 you know million bushels.
10:13
SPEAKER_02: The ending stocks held at 310 million bushels.
10:16
SPEAKER_02: Uh the and they kept the farm price at$11.40.
10:21
SPEAKER_02: But they don't have all that Chinese uh uh buying that's coming up in the months ahead into that export number.
10:29
SPEAKER_02: You're gonna go under 310 million bushels ending stocks.
10:33
SPEAKER_02: So we've got a uh accelerating price situation that's got that will go on in soybeans based on what we know today.
10:42
SPEAKER_01: You and Mr.
10:43
SPEAKER_01: Tommy Grasafi are known to do a podcast on Sunday late afternoon evenings.
10:50
SPEAKER_01: Have you got plans to do that again this weekend?
10:52
SPEAKER_02: We better, because due to my fault, not his, we missed it.
10:56
SPEAKER_02: So this is kind of a preview of what we'll be talking about.
11:00
SPEAKER_02: And I got more than a few emails.
11:02
SPEAKER_02: Hey, what's up?
11:02
SPEAKER_02: Where are you at?
11:03
SPEAKER_02: But the holiday, I guess people thought we were off on the holiday, and that's basically what we did.
11:08
SPEAKER_02: We took a little breather room, and I think we needed it.
11:12
SPEAKER_01: Good, good.
11:12
SPEAKER_01: Well, I'm glad to hear that.
11:14
SPEAKER_01: I guess I I the reason I ask, I do want to ask you about some of the headlines that have come out from your stuff this week and just uh some topics, but I do want to I don't want to steal Grasafi's thunder, you know what I mean.
11:27
SPEAKER_02: So nobody steals Tommy's thunder.
11:30
SPEAKER_01: Give us a little preview here.
11:31
SPEAKER_01: Nobody puts Tommy in the corner.
11:33
SPEAKER_01: Let's uh nobody puts baby in the corner.
11:36
SPEAKER_01: Now you there he is giving.
11:39
SPEAKER_02: See, he he's up there in the sky.
11:41
SPEAKER_01: Yeah, he's somewhere, somewhere, always, always somewhere.
11:45
SPEAKER_02: Okay, so we're gonna have a lightning round.
11:47
SPEAKER_02: You're gonna read me headers, right?
11:49
SPEAKER_01: Well, we'll call it we'll start it distant thunder round, okay, and then we'll we'll transition to lightning round later on.
11:57
SPEAKER_01: I guess coming back to the reports before we completely leave that behind.
12:01
SPEAKER_01: August 12 is the next big one, isn't it, Jim?
12:03
SPEAKER_02: Oh, that's the first survey-based corn and soybean yield estimate.
12:07
SPEAKER_02: By say a survey, that's where NAS comes out there.
12:10
SPEAKER_02: And boy, that's gonna be important.
12:13
SPEAKER_02: And it also means weather, weather, weather.
12:15
SPEAKER_02: Because now, if you go down, look at USDA's uh it's a yield guesstimate that they have in today's WASDI report.
12:23
SPEAKER_02: That's not really based on any survey.
12:26
SPEAKER_02: If you go down a bushel or two, wow, that carryover gets very tight in a consumptive market that we have both for corn and soybeans.
12:35
SPEAKER_02: That's what this report did today.
12:37
SPEAKER_02: It just amplified the August crop production report of being probably the key report of the year.
12:44
SPEAKER_01: Well, looking ahead to to August, getting through July, I'm already hearing talk of the super El Nino.
12:51
SPEAKER_01: I I don't know how much of an impact.
12:53
SPEAKER_01: I don't know if anybody really knows just yet.
12:55
SPEAKER_01: I know that we've had quite the storms around KC and especially further out into Kansas.
13:00
SPEAKER_01: A lot of them have actually missed us, but I've talked to Jed.
13:03
SPEAKER_01: He's had you know big storms up in Joliet and uh out in DC on the on the east coast there.
13:09
SPEAKER_01: Did you guys make it up to 100 degrees?
13:10
SPEAKER_01: Was that week or so ago?
13:12
SPEAKER_02: Over 100, but we're finally getting some rain.
13:15
SPEAKER_02: We we needed some rain, so that's always good.
13:17
SPEAKER_02: But uh yeah, we're but and where where I grew up in southern Illinois and the Missouri area, they've been hit with too much rain actually over the last month.
13:27
SPEAKER_01: Yeah, yeah.
13:28
SPEAKER_01: Well, it should should add a little fire to the August 12 reports.
13:33
SPEAKER_01: Moving on, you do an awful lot of traveling.
13:35
SPEAKER_01: I don't know where you find the time, Jim.
13:38
SPEAKER_01: Speaking to various farm groups and dignitaries, all sorts of people.
13:43
SPEAKER_01: I know you love doing that.
13:45
SPEAKER_01: Most recently, I know that you were were speaking with some state farm bureau presidents, and I guess maybe uh I'm curious what they're curious about.
13:55
SPEAKER_01: What what concerns did they raise for you?
13:57
SPEAKER_01: What questions did they ask for you?
14:00
SPEAKER_01: Because you know, you and I came from that pro-farmer tradition where you always leave a little time for QA without a net when you give a talk, and you know, you put yourself out there, but but some very interesting questions can often arise from there, and I wonder if any came up this time around.
14:14
SPEAKER_02: Absolutely, and that's where you learn, by the way, to what uh people want to know, not what you think they should know.
14:21
SPEAKER_02: And the the farm bureau president's meeting was a very good one.
14:25
SPEAKER_02: I'd love to do it every year because they know policy.
14:28
SPEAKER_02: I mean, they're state farm bureau, they better, so you they you don't have to go through the minutia of explaining things.
14:35
SPEAKER_02: Here are some of the things.
14:36
SPEAKER_02: One one of the presidents asked me, what should we tell in our visits to lawmakers and the administration of how to keep higher prices going?
14:48
SPEAKER_02: And I said, good question.
14:50
SPEAKER_02: I said two things have China fulfill on their commitments to purchase 25 million tons of soybeans for the next three uh years, and have China fulfill on the additional$17 billion worth of purchases of U.S.
15:07
SPEAKER_02: farm products for 26, 27, and 28 with 26 pro rated.
15:14
SPEAKER_02: And then the other part is fulfill on the renewable fuel standard program coming up.
15:21
SPEAKER_02: We'll talk about that a little later, but also relative to the 45Z program or sustainable aviation fuel to keep the increased demand going for corn, soybeans, biobased, diesel.
15:34
SPEAKER_02: Because then while you have some trade increases coming from China, you have the fifth gear, fourth and fifth gear kicking in on the domestic side.
15:43
SPEAKER_02: That'll guarantee you higher prices.
15:46
SPEAKER_02: So I told them that's one.
15:48
SPEAKER_02: The second one I got, I got a number of Farm Bureau presidents was they were kind of upset at USDA's drought monitor because they've had some of their members just right on the line where one county got disastroated and then the other contiguous county, as we call it, did not.
16:07
SPEAKER_02: But the more I wrote a story and it's on Agile Media, that it's not really the drought monitor.
16:13
SPEAKER_02: It's where the where where the uh boundaries are by counties.
16:18
SPEAKER_02: But Georgia farmers a few years ago worked with their state meteorologists to change a little bit about how the drought monitor was calculated for Georgia.
16:29
SPEAKER_02: So that means that if you do have problems with it, at least talk to your state weather people so it can be changed.
16:37
SPEAKER_02: Another one was China.
16:39
SPEAKER_02: Are they going to fulfill their commitments?
16:42
SPEAKER_02: And I said, well, unlike phase one when under the first Trump administration, Trump has several more years to go under his second administration.
16:52
SPEAKER_02: And I think China knows that they better fulfill on that commitment.
16:56
SPEAKER_02: And if if I'm correct, we have a lot of naysayers in the marketplace that still don't think that China will commit to all those purchases.
17:05
SPEAKER_02: So that means that if I'm right, they'll be wrong and we'll have uh even more price appreciation, both in the cash market and in the futures market.
17:15
SPEAKER_02: I got other questions.
17:16
SPEAKER_02: It was more on Farm Bill 2.0, will we have that?
17:20
SPEAKER_02: And I said that basically is up to the Democrats.
17:23
SPEAKER_02: Do they want an issue for the elections coming up here midterm November 3rd, or do they want a bill?
17:29
SPEAKER_02: So I said, I ask your Democratic friends up on up on Capitol Hill.
17:35
SPEAKER_02: Farmer aid, I'll tell you, I talked to more than a few of the state presidents, and there still is a world a hurt out there in farm country.
17:43
SPEAKER_02: Arkansas president, the rice of out of all the commodities, I think they're feeling it the the most because of the price situation.
17:52
SPEAKER_02: USDA today slashed uh rice production nearly 13% and cut ending stocks 28%.
17:59
SPEAKER_02: So that's going to lift prices.
18:01
SPEAKER_02: Those were some of the key ones.
18:03
SPEAKER_02: And the other overarching one was the trade policy.
18:07
SPEAKER_02: How do you explain Trump's trade policy?
18:11
SPEAKER_02: And I answered that with my formal presentation.
18:13
SPEAKER_02: My bug for the presentation was just was an etch a sketch toy machine of older.
18:20
SPEAKER_02: That it's yeah, you draw it, you shake it, and you draw it again.
18:24
SPEAKER_02: So I said, if you don't like something with Trump's trade policy, just wait a day or so and it'll change.
18:29
SPEAKER_01: Shake the old etch a sketch.
18:31
SPEAKER_01: That's a good way to look at it.
18:32
SPEAKER_01: It really is.
18:33
SPEAKER_01: Well, good.
18:34
SPEAKER_01: It's it sounds like you well, and you're a very engaging speaker, Jim, has always been my experience.
18:39
SPEAKER_01: It sounds like you you had a really good audience there.
18:42
SPEAKER_02: Excellent, excellent.
18:43
SPEAKER_02: And of course, they also heard from the top USD economists, they heard from my good friend Randy Russell on the elections, and then they heard from Deputy Secretary Stephen Vaden.
18:54
SPEAKER_02: So I was just glad to be part of that group speaking to the excellent presidents at Farm Bureau.
19:00
SPEAKER_02: And of course, John Newton is the top economist.
19:03
SPEAKER_02: I got a private talk with uh Zippy Duval, the president of uh Farm Bureau, and we're gonna have an extended interview.
19:10
SPEAKER_02: And Tommy doesn't even know this.
19:11
SPEAKER_02: We'll probably have him on our podcast for an extended interview with uh Tippy Duval.
19:16
SPEAKER_01: Yeah, I'm gonna call that a shout out to Tommy Grossoffi right there.
19:21
SPEAKER_01: Steven Vaden has has uh his name keeps coming up.
19:25
SPEAKER_01: He's he really seems very uh forthcoming, very willing to come out and put his face out there and to to take some some questions, Jim.
19:34
SPEAKER_01: I know you've spoken with him a number of times.
19:36
SPEAKER_02: I I told the Farm Bureau audience out of my 50 little over 50 years of covering agriculture with USDA, he's probably the smartest USD official I've dealt with in my entire career.
19:49
SPEAKER_02: That says a lot right there.
19:51
SPEAKER_02: He's that smart, and he knows he's articulate, he doesn't hold back, he's a farmer judge, a lawyer, etc.
19:58
SPEAKER_02: So he knows what he's talking about.
20:00
SPEAKER_02: He's usually the smartest person in the room, but usually people like that let you know it.
20:05
SPEAKER_02: He does it, he's just very Midwest.
20:08
SPEAKER_02: I think he's from Tennessee, so he's he's got the Midwest upbringing that uh, but he'll actually answer questions.
20:15
SPEAKER_02: Yeah, he'll answer questions.
20:17
SPEAKER_01: Yeah, yeah, that's important.
20:18
SPEAKER_01: Tommy, put that put that etch a sketch back up there.
20:20
SPEAKER_01: Man, you were really good with that thing, Tommy.
20:22
SPEAKER_01: I had no idea you were such a skilled artist there, American gothic.
20:27
SPEAKER_02: I'm telling you, I used to play with that for hours at a time.
20:31
SPEAKER_02: In fact, it's come in handy because you know when you're at uh hotels when you got to sign your name on those things that when you check in, every everybody always tells me, boy, you're really good at that.
20:42
SPEAKER_02: You can you can it's very legible.
20:44
SPEAKER_02: I go at your sketch.
20:48
SPEAKER_01: Well, let's move on.
20:50
SPEAKER_01: Congress coming back to work for better or worse.
20:52
SPEAKER_01: Farm aid, farm bill 2.0, year-round E15, farm labor, trade stuff.
20:57
SPEAKER_01: What's the squeaky wheel here?
20:58
SPEAKER_01: What's what's gonna get the grease in first, Jim?
21:01
SPEAKER_02: First, one of the more important ones is farm labor.
21:03
SPEAKER_02: And that was one of the disc uh questions and discussions at the farm bureau meeting this week.
21:08
SPEAKER_02: And I turned around and looked at Zippy Duvall, the president, and I said I applauded Farm Bureau.
21:14
SPEAKER_02: They recently did an analysis on GT Thompson, the House Act Committee's bill, and I told him, I said, it's still an uphill battle because of the sensitivity of uh border issues and uh non-U.S.
21:29
SPEAKER_02: uh you know citizen labor.
21:31
SPEAKER_02: But I think this is the best I've seen in more than a few decades on a chance to get a farm labor bill through.
21:39
SPEAKER_02: But I think it's gonna probably have to come after November 3rd elections because it's too sensitive of an issue.
21:46
SPEAKER_02: That's one on the farm labor.
21:48
SPEAKER_02: You mentioned year-round E15.
21:50
SPEAKER_02: Yeah, that depends on the Senate.
21:53
SPEAKER_02: It would they won't have the same language as the House bill, in my judgment, because I think the House language was a little negative for bio based biodiesel.
22:03
SPEAKER_02: So that depends on how the language is written in the bill, and I'm not punning.
22:09
SPEAKER_02: That one.
22:09
SPEAKER_02: I got to see the language of the Senate bill to see what chances it has.
22:14
SPEAKER_02: Farmer aid, I it's definitely still needed.
22:17
SPEAKER_02: I know some lawmakers and some people are having farmer aid fatigue, but until we get into that October timeframe where the Title I improvements that we saw in the one big beautiful bill kick in, there's still some significant cash flow problems in farm countries.
22:38
SPEAKER_02: So, and even uh President Trump in his supplemental spending bill uh requested what$11 billion more for aid,$10 billion for crops and a$1.1 billion for uh Florida ag disaster.
22:54
SPEAKER_02: I think that's an opening round.
22:56
SPEAKER_02: I know G.T.
22:57
SPEAKER_02: Thompson and uh John Boseman, Senate Act Committee Chairman, Republican from Arkansas, wants to take that level to 15 to 17 billion dollars.
23:06
SPEAKER_02: Again, that's something hopefully will come sooner rather than later, but I I do think it's coming.
23:12
SPEAKER_02: So there's some cash, a continued cash flow that I think will will you know be coming to uh uh farm country.
23:20
SPEAKER_01: Does that come out of the CCC?
23:22
SPEAKER_02: It depends where they pull it out of, and frequently it does, but that's another issue that I addressed during my presentation where the commodity credit corporation has a$30 billion borrowing authority.
23:35
SPEAKER_02: And you know, with these$11 to$15 billion packages, if it does come out of CCC, you you uh the the CRP conservation reserve program payments come out of the CCC, the uh the a lot of other stuff comes out of the CCC, where Farm Bureau years ago urged Congress to bump that borrowing authority to$50 billion.
23:58
SPEAKER_02: And I think they're spot on.
23:59
SPEAKER_02: I think that they need to continue that because we're gonna need that safety net additionality in there probably for the next few years until we write this ship.
24:10
SPEAKER_02: Because I think we've got some structural issues, especially in the rice area, in the sugar beet area, and in the input area for the crop situation.
24:21
SPEAKER_02: And you saw that this week with the issuing of the national uh report uh by the National Corn Growers Association indicating the tremendous uh cost increases of U.S.
24:34
SPEAKER_02: corn, especially versus Brazil.
24:36
SPEAKER_02: But my bottom line on that report, Davis, is that it's really cost beyond seed because when you look at the the the revenue per seed cost, we uh the US corn is about double the yield per hectare than Brazil, and so we kind of match up pretty good when you consider that, but it's all those costs outside of seed that are detailed in that NCGA report that I think bears watching.
25:07
SPEAKER_02: And Stephen Vaden, you mentioned the deputy secretary, they're going to take a look at that in the months ahead.
25:12
SPEAKER_01: The old make it up in yield routine, Jim.
25:15
SPEAKER_02: Yeah, it is.
25:16
SPEAKER_02: And Brazil doesn't take the same seed varieties that we do, they've got differences, they have multiple corn crops, so there's some environmental factors there on uh their yield, they're catching up on yields.
25:29
SPEAKER_02: It used to be even larger spread, and we've got a report out on Ag Bull Media on that.
25:34
SPEAKER_02: And so I I think the corn growers raised a legitimate question that should be looked at.
25:41
SPEAKER_02: So that that was uh another issue.
25:43
SPEAKER_02: But as far as Congress, I'm telling you, it's so divisive right now that if they get anything done, it's it's a miracle up there between now and November.
25:52
SPEAKER_02: So let's take the Farm Bill 2.0 if we can get it.
25:56
SPEAKER_02: E15 uh year round has been a drag.
25:59
SPEAKER_02: I'll be uh surprised if if we get it.
26:02
SPEAKER_02: I think the votes are there if they have the right version in in the Senate.
26:07
SPEAKER_02: And and the aid package, I think there's bipartisan support to get additional farm aid out to the farm sector.
26:15
SPEAKER_01: Jim, there's lots and lots that we can talk about.
26:18
SPEAKER_01: We've been in distant thunder mode.
26:20
SPEAKER_01: Let's do go ahead and go to lightning mode.
26:22
SPEAKER_01: And I'm gonna use my phone here.
26:24
SPEAKER_01: We're gonna call it egg timer time.
26:25
SPEAKER_01: I'm gonna I'm gonna set a timer for one minute.
26:28
SPEAKER_01: I'm gonna read to you a couple, I'm gonna read to you one at a time a headline that you that you wrote about during this this last week in the news.
26:38
SPEAKER_01: And when the timer goes off, I promise next time we do this, I'm actually going to have an official egg timer that dings and with the little dial on the front and everything.
26:46
SPEAKER_01: But uh for now, we'll just go new school with the telephone here.
26:50
SPEAKER_02: And I can go less than a minute.
26:52
SPEAKER_01: I don't know.
26:53
SPEAKER_01: I'm curious.
26:55
SPEAKER_02: Yeah, I gotta accumulate for harder topics later on.
26:58
SPEAKER_01: No, no, no, there's no rollover in egg time.
27:01
SPEAKER_02: Oh, I gotta roll over.
27:03
SPEAKER_01: Well, maybe we can negotiate these rules for next time ahead of time.
27:08
SPEAKER_01: But let's talk about set three, the EPA Environmental Protection Agency expected to release perhaps within weeks its proposed set three rule establishing renewable fuel standard volume requirements.
27:21
SPEAKER_01: That's RVOs for 2028 and potentially for multiple years beyond.
27:26
SPEAKER_01: Jim, begin.
27:28
SPEAKER_02: Well, that was my initial story.
27:30
SPEAKER_02: And initially, when you write a story, you get emails or phone calls saying from the trade from your best sources saying we met with EPA last week and it's not gonna be weeks, it's gonna be months.
27:43
SPEAKER_02: EPA basically told some in the trade, biofuel trade, that it's gonna be later rather than sooner for details on 2028.
27:51
SPEAKER_02: That's set three.
27:53
SPEAKER_02: It's 2028 and maybe later years.
27:55
SPEAKER_02: Why?
27:56
SPEAKER_02: Why is it gonna be later?
27:58
SPEAKER_02: Uh EPA wants to see the market reaction under set two, 26 and 27 uh mandated levels.
28:06
SPEAKER_02: I think they're a little bit worried that they got too aggressive on the mandate for bio-based biodiesel.
28:13
SPEAKER_02: They didn't say that.
28:14
SPEAKER_02: I'm starting to hear it.
28:16
SPEAKER_02: Yes, I think it's gonna be later.
28:18
SPEAKER_02: So if we could get the proposed rule out by the end of this year, I think that that would be good.
28:25
SPEAKER_02: But EPA is signaling it might not be until the first quarter next year before we get the final.
28:31
SPEAKER_02: That's it.
28:31
SPEAKER_02: Excellent.
28:32
SPEAKER_01: Well timed.
28:33
SPEAKER_02: Boy, that was that was that was a good one.
28:35
SPEAKER_01: That was a good one.
28:36
SPEAKER_01: Okay, here comes another one.
28:38
SPEAKER_01: Farmers and Obamacare exodus, coverage lifeline phrase as subsidies expire.
28:45
SPEAKER_01: Rural health care, Jim, has been a topic that that I know has been on your radar for quite a while.
28:50
SPEAKER_01: It's a very, very important topic.
28:53
SPEAKER_01: And according to your headline here, coverage lifeline phrase as subsidies expire.
28:58
SPEAKER_01: Begin, sir.
29:00
SPEAKER_02: Farmers are have been a big user of Obamacare, Affordable Care Act, which in many cases was not an affordable, except when you go out into the private industry, it's even more.
29:12
SPEAKER_02: So, bottom line, this is an easy one on a hard, not so easy topic, Davis.
29:18
SPEAKER_02: Costs are going to rise.
29:19
SPEAKER_02: That's another cost for a significant number of farmers who have taken that over the last few years.
29:25
SPEAKER_02: The cost of dramatic.
29:26
SPEAKER_02: They're leaving the program because the costs have gone up so significantly that they're going to other avenues in the private sector.
29:33
SPEAKER_02: Farm Bureau has a health plan that they can go to, but it's higher cost.
29:38
SPEAKER_02: So there's no end around that one.
29:41
SPEAKER_02: And health care, you gotta have it.
29:43
SPEAKER_01: Well, and one of the one of the costs to farm country has got to be the hit that rural hospitals are are taking there.
29:51
SPEAKER_01: They're their numbers are dwindling, Jim.
29:54
SPEAKER_02: Yeah, that's where Congress has tried to put put out some additional funding to keep those uh rural sector hospitals and the affiliated employees working there.
30:05
SPEAKER_02: So, yeah, that's where the best use of taxpayer money is, in my judgment, to to get it to those areas who really need it.
30:12
SPEAKER_02: But telehealth is very important right now where you do it over the phone.
30:16
SPEAKER_01: Yeah, very good.
30:17
SPEAKER_01: All right, next topic Trump claims Walmart Price win, but the beef math complicates the story.
30:26
SPEAKER_01: Was it Wendy's that had that uh the commercial with the seasoned citizen that said uh where's the beef?
30:34
SPEAKER_01: Well, I would say where's the beef coming from, Jim?
30:39
SPEAKER_02: Well, you know our president stretches the truth sometimes.
30:47
SPEAKER_02: If he was Catholic, he boy, he goes to confession a lot.
30:50
SPEAKER_01: He's glowering at you right there, Jim.
30:52
SPEAKER_01: He's glowering.
30:54
SPEAKER_02: But it's a venial sin.
30:56
SPEAKER_02: However, Walmart was gonna do this stuff anyway, but he took credit for it because somebody whispered it was probably Stephen Miller or uh or somebody else, Navarro, whispered in Trump's ear what Walmart was doing.
31:11
SPEAKER_02: And you know Trump, he's gonna claim credit whether it's his his his reason or not.
31:16
SPEAKER_02: But uh no, there wasn't much fodder to back that up, what he said.
31:20
SPEAKER_01: So I'm gonna I'm gonna throw in a random topic here.
31:23
SPEAKER_01: I'm gonna and I'm gonna bank you 11 seconds on that one.
31:26
SPEAKER_01: Well done.
31:27
SPEAKER_01: Well done.
31:27
SPEAKER_01: Succinct, succinct.
31:29
SPEAKER_01: I don't know if you know anything about this or not, or if it's even a thing.
31:32
SPEAKER_01: I was watching TV, not even very closely the other night, but there was uh if it maybe it was a commercial, maybe it was a news story.
31:40
SPEAKER_01: I like I said, kind of caught it out of the corner of my eye and then went, wait, what was that?
31:45
SPEAKER_01: Freedom fueling stations.
31:48
SPEAKER_01: Have you heard about this?
31:49
SPEAKER_02: Yeah, I heard they're out in one time, Pennsylvania, Pennsylvania.
31:53
SPEAKER_01: Okay, okay.
31:54
SPEAKER_02: Yeah, yeah.
31:55
SPEAKER_02: I didn't really research it, so I don't know, but I've heard of them.
31:58
SPEAKER_01: Well, and I wonder because they were touting that you can get get gasoline for as much as 30 cents less than at a standard filling station or or whatever that might mean.
32:11
SPEAKER_01: That just sounds like ethanol to me, Jim.
32:14
SPEAKER_02: Yeah, it sounds like ethanol.
32:15
SPEAKER_02: Sounds like Costco, it sounds like Harris Teter stations.
32:19
SPEAKER_02: I mean, I get 30 cents lower because of the groceries I buy, and it reduces your your gasoline.
32:26
SPEAKER_03: Yeah.
32:27
SPEAKER_02: So yeah, uh, we need though those are the things that's called affordability.
32:31
SPEAKER_02: It's called the top three election issues going into November 3.
32:36
SPEAKER_01: Yeah.
32:36
SPEAKER_01: I know he wanted$2.50 gasoline for uh for the 250th anniversary of America, didn't quite get there.
32:44
SPEAKER_01: I think we were somewhere in the in the 380s nationwide, according to triple A.
32:48
SPEAKER_02: And it's about 340 out here.
32:51
SPEAKER_02: Now we've probably gone up about nine cents as a result of the uh etchetch US Iran right uh issues on that one.
33:01
SPEAKER_01: Oh, you can use the etch a sketch for that too.
33:03
SPEAKER_02: Oh, absolutely.
33:05
SPEAKER_02: Trump is upset at the oil companies for not cutting the gasoline prices.
33:11
SPEAKER_02: But you know, my father was in the gasoline business, and if you buy a lot of uh gas at the higher price, it takes a while to get rid of that gasoline.
33:25
SPEAKER_01: Well, sure.
33:26
SPEAKER_02: You know, and so you it just it's unrealistic to expect the gasoline stations to reduce it as quickly as the president wants.
33:35
SPEAKER_02: But that's politics.
33:37
SPEAKER_01: Yeah, sure, sure.
33:38
SPEAKER_01: All right, just just one more before we move on.
33:41
SPEAKER_01: New Microsoft Bookings platform gives farmers and ranchers another way to schedule farm program and loan appointments, but its real test will be whether it reduces bottlenecks at county offices during peak sign-up periods.
33:54
SPEAKER_01: This part of a of a broader move, I think, Jim, to electronify some of the uh cut out some of the paperwork, cut out some of the duplicate, maybe cut out some of the visits to the FSA office here.
34:05
SPEAKER_01: What do you make of it?
34:06
SPEAKER_02: Yes, if farmers actually uh go for it.
34:09
SPEAKER_02: Uh if they uh uh uh learn how to use it and things like that.
34:13
SPEAKER_02: This is being pushed by Stephen Vaden, deputy secretary, and the officials in the farm service agency.
34:19
SPEAKER_02: I think it makes total sense, but it's gonna be a learning curve.
34:22
SPEAKER_02: You've got more than a few farmers who still like going in.
34:26
SPEAKER_02: It's like the old you'd rather go to the bank and talk to the teller, you know, that sort of line.
34:31
SPEAKER_02: And of course, the county FSA people are the unsung heroes, they discuss the programs with the producers, and you lose that when you're when you're doing it on the computer.
34:42
SPEAKER_02: So I think it's a step in the right direction, but it's gonna take longer than probably USDA thinks it will happen.
34:49
SPEAKER_01: All right, very good.
34:51
SPEAKER_01: Thanks for running running through some of that stuff with us, Jim.
34:54
SPEAKER_01: Um, from there, I'd like to move on to let's talk about the weather a little bit out there in DC.
34:59
SPEAKER_01: You said it cooled down a little bit, you've gotten some rain.
35:01
SPEAKER_01: Uh, what's what's the weather like today out there in DC on on Friday, July 10th?
35:07
SPEAKER_02: I'm just looking at my phone to see what what it is.
35:11
SPEAKER_02: It's it's back in my day.
35:13
SPEAKER_01: We used to look out the window to find out the weather.
35:15
SPEAKER_02: 84.
35:16
SPEAKER_02: No, I've got my vlind 84, which is kind of cool from what we've been uh 95 to 103 over last uh week.
35:25
SPEAKER_02: But I'm not gonna complain because we've got the rains, but I've got an irrigation system in my lawn if the groundhogs don't uh bite the tops of them because they like the rubber hoses on my irrigation system.
35:38
SPEAKER_02: But that's a whole nother side story.
35:40
SPEAKER_02: I'm not a groundhog person anyway.
35:42
SPEAKER_01: We'll get into that another time.
35:43
SPEAKER_01: I want to hear more about that.
35:45
SPEAKER_01: About the groundhogs.
35:46
SPEAKER_01: According to the National Weather Service, the slow moving front will bring round bring rounds of strong to severe thunderstorms and heavy rainfall to the central plains, eastward to the east central United States.
35:57
SPEAKER_01: The first widespread significant heat wave of summer for the intermountain west and plains is expected to develop today and expand through next week.
36:05
SPEAKER_01: Dangerous heat will continue to impact portions of the southwest and the southeast.
36:11
SPEAKER_01: With that, Jim, when I when I come to this part of the of every show, I like to offer up some items of mild interest.
36:18
SPEAKER_01: Are you uh prepared to be mild and interested?
36:20
SPEAKER_02: Absolutely.
36:21
SPEAKER_02: Absolutely.
36:22
SPEAKER_01: This day, July 10, in 1862, the U.S.
36:25
SPEAKER_01: began construction on the Central Pacific Railroad.
36:29
SPEAKER_01: That was pretty important.
36:30
SPEAKER_01: Yeah, okay.
36:31
SPEAKER_01: In 1923, two-pound hailstones kill 23 people and many cattle in Rostov, Russia.
36:38
SPEAKER_01: That in 1923.
36:39
SPEAKER_01: Imagine a two-pound hailstone coming at you.
36:42
SPEAKER_01: I mean, what do you where do you go?
36:44
SPEAKER_01: You know, you're out there, you're out there punching cattle and and you're in the middle of that.
36:48
SPEAKER_01: 1938, Howard Hughes flies around the world in 91 hours.
36:53
SPEAKER_01: And when we what you know, you're a you're a journalist, a lifelong journalist.
36:58
SPEAKER_01: I wonder maybe you knew this gentleman.
36:59
SPEAKER_01: It's the birthday of Mr.
37:01
SPEAKER_01: David Brinkley in 1920, this day, uh July 10th.
37:06
SPEAKER_02: Is that the broadcaster?
37:07
SPEAKER_01: The broadcaster, David NBC.
37:09
SPEAKER_02: Oh, absolutely.
37:14
SPEAKER_02: That's when we had somewhat fair and balanced newscasters.
37:18
SPEAKER_02: We don't know.
37:19
SPEAKER_01: Yeah, yeah.
37:20
SPEAKER_01: Well, beloved viewer, if you haven't had a chance to go to AgBull.com and check out yesterday's chat with David Woodbar, please do make a uh a point to go there.
37:29
SPEAKER_01: Friday Futures with Tom Leffler.
37:31
SPEAKER_01: I think Judge Jed is working on that one right now.
37:33
SPEAKER_01: And Tommy's gonna drop a conversation that he recently had with Paul Nefer.
37:37
SPEAKER_01: And then later on this weekend, Tommy, I'm gonna just get you in for a for an interview with Jim here.
37:44
SPEAKER_01: Jim, are you in for uh for a little bit of course on Sunday?
37:50
SPEAKER_02: Where's Tommy?
37:51
SPEAKER_02: Is he coming in?
37:52
SPEAKER_02: I don't know.
37:53
SPEAKER_02: I don't know.
37:54
SPEAKER_01: He left, he's got that Friday feeling today.
37:57
SPEAKER_01: Tommy, what's saying?
37:59
SPEAKER_01: Can we get together on uh Sunday afternoon, you two?
38:01
SPEAKER_01: Huh?
38:02
SPEAKER_00: You wanna absolutely I'm gonna be driving from Indiana down to Nashville, and Jim and I will meet.
38:07
SPEAKER_00: I do want to give a big shout out to Nesvix own internal meteorologist, Mr.
38:12
SPEAKER_00: Craig Solberg, and I think you guys will find this interesting.
38:15
SPEAKER_00: Davis I'm not saying shout out.
38:16
unknown: Come on!
38:18
SPEAKER_00: Oh my god, Lord help us.
38:20
SPEAKER_00: Is this legal?
38:21
SPEAKER_00: Is this legal?
38:22
SPEAKER_00: Is there HR who can control him, Jim?
38:25
SPEAKER_02: There's no HR.
38:26
SPEAKER_02: Home run, home run.
38:28
SPEAKER_00: Listen, this is serious.
38:30
SPEAKER_00: You guys, you guys gotta take this more serious.
38:33
SPEAKER_01: All right, serious bases now.
38:34
SPEAKER_00: You got serious music?
38:35
SPEAKER_01: Very serious.
38:36
SPEAKER_01: I don't have any serious music.
38:37
SPEAKER_01: This will have to do.
38:39
SPEAKER_00: Catastrophic flash flooding ongoing.
38:42
SPEAKER_00: This is wild, guys.
38:43
SPEAKER_00: Oh, dude.
38:43
SPEAKER_00: Southwestern Missouri, specifically Crawford, Washington, Reynolds, Iron, Marion, and St.
38:49
SPEAKER_00: Francis counties.
38:50
SPEAKER_00: Why thunderstorms produced six to twelve inches of rainfall last night early this morning, with more rain expected tonight in the same area?
38:59
SPEAKER_00: Guys, we're having the haves and have nots here.
39:03
SPEAKER_00: And while you two guys were going, I'm gonna put him back on the hot seat and I'll take the uh little screen here.
39:08
SPEAKER_00: I wrote some notes.
39:10
SPEAKER_00: U.S.
39:10
SPEAKER_00: weather's in play.
39:11
SPEAKER_00: We have to have and have nots.
39:13
SPEAKER_00: Maybe we talk for a second about France and the EU.
39:16
SPEAKER_00: It's not it's the Chicago port of trade.
39:19
SPEAKER_00: I'm sorry fertilizer, you know, with everything that happened this week in Iran.
39:24
SPEAKER_00: Keep an eye on that 2027 corn, D's 2027 corn hit 485.
39:29
SPEAKER_00: And with that, we didn't talk about screw worm.
39:32
SPEAKER_00: Is that just something that's passed, Jim?
39:34
SPEAKER_02: No, no, no.
39:35
SPEAKER_02: It went into what we call the Big Bend area of Texas.
39:38
SPEAKER_02: So that's something to watch out for.
39:40
SPEAKER_02: We're gonna have serious focus, yes, in the in the weeks ahead if that expands.
39:46
SPEAKER_02: It still thank, thankfully, has not gone to those uh viral, feral pigs and other and and other animals, but yeah, we're not out of the woods, yeah, not out of the woods yet.
39:59
SPEAKER_02: But the other one that caught at least we covered it today, Tommy, that it really got into the wheat market.
40:06
SPEAKER_02: And you were the first one who tipped meat off, probably because of our news service is Ukraine's drone campaign.
40:13
SPEAKER_02: They've effectively disrupted the Sea of Azov.
40:16
SPEAKER_02: And there's what it's it struck Ukraine, it struck about 35 Russian vessels in 40 uh some four days.
40:24
SPEAKER_02: And that the the that corridor is an important outlet for Russian grain exports to Turkey, Egypt, and other Mediterranean buyers.
40:32
SPEAKER_02: And that's what got your wheat going up another 20 uh cents higher at one time.
40:38
SPEAKER_02: It was up to 30 at one point.
40:42
SPEAKER_00: We're up 30.
40:42
SPEAKER_00: Hey, I want to give a shout out to Evan Bossey.
40:44
SPEAKER_00: Y'all know Dan Bossey's gone.
40:46
SPEAKER_00: Oh, we got a shout out.
40:47
SPEAKER_00: Dan Bosse texted your friend Richard Crow, who you know so well.
40:51
SPEAKER_02: Oh, gosh, yes.
40:52
SPEAKER_00: And on the Nesvik morning conference call, Richard said, Hey guys, you know, you could see wheats going up.
40:57
SPEAKER_00: Dan says, and now of course I had never heard of that area.
41:00
SPEAKER_00: As you know, there was a lot of classes I wasn't good at in school.
41:03
SPEAKER_00: Jim and Geography was one of them.
41:05
SPEAKER_00: Yes, but if people knew how we put together the show and how you're teaching me how to use grammar and uh punctuation and spelling, it they would crack up.
41:15
SPEAKER_00: We should do a little like Christmas special of watch us build the show.
41:18
SPEAKER_00: I have some news for you guys, Jim, and I haven't told you this yet.
41:21
SPEAKER_00: But Mr.
41:22
SPEAKER_00: Luke J.
41:23
SPEAKER_00: Lindbergh will be coming down to the Ag Bull Podcast Studio in Nashville, Tennessee.
41:28
SPEAKER_00: He's not specifically there to record with me on that day, he's there to record with my friend Neil.
41:34
SPEAKER_00: And uh Neil reached out, he said, Tommy, I have someone important coming in town.
41:38
SPEAKER_00: Can we use your studio?
41:39
SPEAKER_00: I said, Of course, my friend.
41:41
SPEAKER_00: What's mine is yours.
41:42
SPEAKER_00: And so I did reach out to uh Luke, and I I hate to do this to Luke, but it's a big deal because as you know, this was controversial.
41:51
SPEAKER_00: Luke is John Thune's son-in-law, and John had to vote him in, and everyone's like, Oh, that's so wrong.
41:58
SPEAKER_00: Well, who are you not gonna vote for your son-in-law?
42:01
SPEAKER_00: Of course you are, you know, and that's uh this handsome man right here.
42:04
SPEAKER_00: So, John Thune.
42:05
SPEAKER_02: I'll give you a little tip that uh have you ask him about his father-in-law.
42:09
SPEAKER_02: Well, do tell you, do you know Thune's name is not his real last name?
42:15
SPEAKER_02: No, yeah, no, just that's enough to be dangerous.
42:19
SPEAKER_00: Wow, oh baby, baby.
42:22
SPEAKER_00: This is like Hollywood uh TMZ type stuff.
42:25
SPEAKER_00: All right, I'm out of here.
42:26
SPEAKER_01: I'm getting you up, Guillermo.
42:27
SPEAKER_01: Take time, yeah.
42:28
SPEAKER_02: Sundays, Tommy, right?
42:29
SPEAKER_02: We're on Sunday, yes, sir.
42:31
SPEAKER_00: You're here, folks.
42:32
SPEAKER_01: Sunday Wee Spires Perspectives is on for the Sunday afternoon.
42:38
SPEAKER_01: Agbull.com, 855737 Farm, AgBull.com.
42:43
SPEAKER_01: Why would you not subscribe?
42:44
SPEAKER_01: You can't afford not to, or something like that.
42:47
SPEAKER_01: We'd love to have you, actually.
42:48
SPEAKER_01: You won't you won't be disappointed.
42:50
SPEAKER_01: 25 bucks a month or 250 for a whole year long of Ag Intel.
42:55
SPEAKER_01: Take your marketing by the horns with Ag Bull Intel.
42:59
SPEAKER_01: With that, I'm gonna say thanks to Jim Weesmeyer, brother.
43:03
SPEAKER_01: Anytime.
43:03
SPEAKER_01: Anytime.
43:04
SPEAKER_01: So many warm feelings right in this area here, dude.
43:07
SPEAKER_01: I gotta tell you, I really appreciate you.
43:09
SPEAKER_01: I can't wait till we can talk again sometime.
43:11
SPEAKER_01: I'll have Connor Bridgeman from Agmarket.net Monday.
43:14
SPEAKER_01: Judge Jed will be back first thing Monday morning to get you ready for the week.
43:18
SPEAKER_01: And hey, have a great weekend, everyone.
43:20
SPEAKER_01: Safety first, and thanks for being here.
43:22
SPEAKER_01: We'll see you again real soon, gang.