Latest / AG Bull / AG Squawk AM 7/10/2026 | Report Day Signals for Ag Markets

Transcript

AG Squawk AM 7/10/2026 | Report Day Signals for Ag Markets · AG Bull

• 0:09
  SPEAKER_00: Good morning and welcome to AgSquawk AM.
• 0:12
  SPEAKER_00: Jed Sidwell here, live from Joliet, Illinois.
• 0:15
  SPEAKER_00: I'm with Ag Bull Media.
• 0:17
  SPEAKER_00: We're a financial channel that loves agriculture.
• 0:20
  SPEAKER_00: Well, today on AgSquawk, we're going to talk about that WASD report that's coming out today.
• 0:25
  SPEAKER_00: Not to mention, if you missed it, there were some big news that came out of John Deere this week.
• 0:29
  SPEAKER_00: We'll get to all of that here in a bit.
• 0:45
  SPEAKER_00: And where they closed yesterday.
• 0:47
  SPEAKER_00: Kind of a red trend across the board.
• 0:49
  SPEAKER_00: Live cattle closed it down 238 at 235 and a quarter.
• 0:55
  SPEAKER_00: Feeder cattle, down$5.90 at$3.56.15.
• 1:00
  SPEAKER_00: Lean hogs continuing the trend down to a buck and a half at 98.15 cents.
• 1:07
  SPEAKER_00: Well, onto the weather for today.
• 1:10
  SPEAKER_00: We've seen some really interesting stuff.
• 1:12
  SPEAKER_00: And I'd like to put the disclaimer out there that I'm not a weatherman, but we do have an in-house meteorologist, Craig Solberg.
• 1:19
  SPEAKER_00: He puts out a lot of interesting news every morning.
• 1:22
  SPEAKER_00: These are just some of the highlights that I like to read off.
• 1:25
  SPEAKER_00: This is the 72-hour chart forecast that I have popped up there.
• 1:30
  SPEAKER_00: In case you missed it, last night in Cape Girardeau, Missouri, they got four inches of rain, triggering a widespread flood and flash flood warnings for southeast Missouri, southern Illinois, and western Kentucky.
• 1:44
  SPEAKER_00: And the really interesting thing that Craig's been talking about lot a lot recently is that we have a historically rare 600 decometer pressure dome right over top of eastern South Dakota right now.
• 1:59
  SPEAKER_00: What that means for weather, well, I'm not a meteorologist, I'm not smart enough to tell you, but I can tell you if the barometer is doing things like that, we're certainly going to see some sort of weather change.
• 2:10
  SPEAKER_00: Make sure to tune in and stay posted.
• 2:12
  SPEAKER_00: I'll get to more of that in future shows.
• 2:16
  SPEAKER_00: But the big thing, love it, hate it, dislike it, whatever, should probably pay attention to it.
• 2:22
  SPEAKER_00: It's report day, comes out at 11 central today.
• 2:26
  SPEAKER_00: That's the WASDI report.
• 2:28
  SPEAKER_00: The last two people kind of determined to be kind of non-event reports.
• 2:32
  SPEAKER_00: Analysts are kind of predicting something to come out of this one.
• 2:36
  SPEAKER_00: So just make sure and watch the market today because more likely than not, things happen when reports from the USDA come out.
• 2:45
  SPEAKER_00: We'll make sure and keep you posted before and after that report here on AgSquawk and Ag Bull Media.
• 2:52
  SPEAKER_00: I'm sure Davis will have some great comments about it this afternoon in his show.
• 2:57
  SPEAKER_00: Well, imports continue to be uh very relevant in the livestock discussion.
• 3:02
  SPEAKER_00: Mr.
• 3:03
  SPEAKER_00: Mike Sands and I actually talked about it this week quite a bit on our Fat Tuesday show.
• 3:09
  SPEAKER_00: And man, it was a great discussion.
• 3:11
  SPEAKER_00: That would be on our premium side at AgBullMedia.com.
• 3:15
  SPEAKER_00: We'd love to have you on the premium side.
• 3:17
  SPEAKER_00: We have a lot of great things coming out there.
• 3:19
  SPEAKER_00: I'm gonna talk to Mr.
• 3:20
  SPEAKER_00: Tom Leffler today for our Friday Futures report.
• 3:23
  SPEAKER_00: We will go over grains and cattle really in depth.
• 3:26
  SPEAKER_00: It's a really fun laid-back conversation with Tom always.
• 3:30
  SPEAKER_00: So make sure and tune in for that.
• 3:32
  SPEAKER_00: But Mr.
• 3:33
  SPEAKER_00: Mike Sands sent this in this morning, and I thought it was very relevant to look at.
• 3:37
  SPEAKER_00: That yellow line is 2026.
• 3:39
  SPEAKER_00: That's the total beef imports.
• 3:42
  SPEAKER_00: Beef imports are headed for like six billion dollars this year.
• 3:45
  SPEAKER_00: That's 10% above last year's record.
• 3:49
  SPEAKER_00: That's getting pretty up there.
• 3:50
  SPEAKER_00: And obviously, we'd like to keep that beef production here in the United States, but it kind of goes hand in hand with uh cow kill and cow slaughter.
• 3:59
  SPEAKER_00: That's normally where we get a lot of our lower grade cuts.
• 4:02
  SPEAKER_00: And when we're importing beef, we're importing grinds and things like that or that are of lower value.
• 4:08
  SPEAKER_00: So we have less kill cows, we have less or we have more imports.
• 4:13
  SPEAKER_00: They kind of go one with the other.
• 4:16
  SPEAKER_00: Well, a big victory for farmers Wednesday, and I missed it, but I saw it this morning and I thought, man, I ought to put this up on Ag Squawk.
• 4:25
  SPEAKER_00: The FTC and five states attorney generals closed out on their antitrust case against John Deere on Wednesday.
• 4:33
  SPEAKER_00: Huge, huge win for farmers.
• 4:35
  SPEAKER_00: The next 10 years, Deere has to give farmers and independent shops the same software that they give to its own dealers to repair their equipment.
• 4:45
  SPEAKER_00: A big, big uh right to repair win for farmers there.
• 4:49
  SPEAKER_00: It seems like it's been a talk ever since I don't know, we've had this software in tractors.
• 4:56
  SPEAKER_00: And yeah, whether yeah, you're pro-John Deere or anti-John Deere, this is a big thing, just in legal terms for all manufacturers out there that we have the right to repair our own equipment.
• 5:10
  SPEAKER_00: The economic calendar for today, there's only one, and it's a big one.
• 5:13
  SPEAKER_00: The one I talked about already, the WASDI comes out at 11.
• 5:17
  SPEAKER_00: That's all we have for you today, but make sure to tune in, Mr.
• 5:20
  SPEAKER_00: Davis Michelson, this afternoon.
• 5:22
  SPEAKER_00: He has on a slew of good guests.
• 5:25
  SPEAKER_00: If you missed him yesterday, Davis went solo and he talked about fertilizer for 20 minutes.
• 5:30
  SPEAKER_00: He has tracked fertilizer prices for the last 12 years personally, does his own analytics on it, broke them eat down by category.
• 5:39
  SPEAKER_00: Thought it was really, really interesting to watch.
• 5:42
  SPEAKER_00: Go find that on any of our platforms.
• 5:45
  SPEAKER_00: Well, thanks for watching and thanks for listening.
• 5:47
  SPEAKER_00: I'm always grateful to have you here in the mornings on Ag Squawk AM.
• 5:51
  SPEAKER_00: I'm Jed Sidwell with Ag Bull Media.
• 5:54
  SPEAKER_00: We're a financial channel that loves agriculture.
• 5:57
  SPEAKER_00: Have a great day.