markets in ag industry

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We were talking about the commodities markets and counting on the cattle on the feeds report on friday morning. The cattle on the feeds report is due to the national cattle herd it's shrinking to the quarter now we were talking about it with carl seltzer from kona zag. We are watching the cattle on the feeds report on friday.

That's real time for the report is coming up on Friday morning at 11 central time from the department of agricultural. I was in Kansas City for National Association of Foreign Broadcasters. I talked about the sustaining fuel aviation with Jacques Fatke from Cobang.

They have some concerns about the ethanol industry. The demand is high and jet fuels for ethanol industry. This is your agriculture news and information sponsored by Agri-Gold in Central Illinois. The soybean carryout is 30.

0-0-0 metric tons of soybeans in Mexico, Philippines, India. It comes from the Department of Agricultural. This will be ending in the futures for corn and cattle for next month after and the futures has been locked in low as possible. The Midwest is turning into cooler weather on Thursday and Friday.

This has been your agriculture news and information sponsored by Agri-Gold in Central Illinois. We were back with Carl Seltzer from Kona-Zag. This is your open numbers of the commodity markets from Kyle Bumstead from Allendale Inc.

Corn futures are down to 9 to 8 cents nickel. Soybean futures are down to 5 to 10 cents. Wheat futures are down to 5 to 10 cents that they have. Let's go with livestock markets. How is the cattle markets and hogs markets for today's opening?

Cattle futures are up at six to eight cents. Feeder cattle are down to three to four quarter. Lean hogs are down at four to six cents at the range. Crude oil are up to five to ten cents per barrel. Dow Jones is up to eight points.

We were talking about the commodities markets and counting on the cattle on the feed's report on Friday morning. The cattle on the feed's report is due to the national cattle herd it's shrinking to the quarter. Now we were talking about it with Carl Seltzer from Konizeg. Welcome to the show, Carl.

We want to go to talk about the grain markets. We were in the fourth quarter for next month. What's next for next few months with the markets?

I feel we're going to watch pretty close the demand side of the market now that we have the US crop put away and that's been pretty good for both corn soybeans. Wheat has been very good starting to trail off a little bit but still pretty solid.

And then we get into obviously year and will be a bit of a factor here. And what trade is really starting to focus on on the domestic side is that December stocks report that'll come out in the first part of January there along with the final old crop production numbers. And we'll see some positioning ahead of that.

From a global point of view, we're going to see more interest here in the next several weeks on the South American production planning season, now well underway in both Brazil and Argentina. Whether it's starting to turn a little bit to adverse southern Brazil and Argentina,

as they start to track a little warmer and drier, indicating La Nina conditions may be returning to that region. Definitely something we will be keeping an eye on for the next several weeks here. Aside from that, production in South America really going to drive the market along with the start of their export season, which will be underway in about another four to six weeks here. At least their harvest will be

Yeah, Brazil, we're seeing the mixture on their definitely market factor. But it looks like they're going to have a pretty good crop this year. The thing is, we're watching with Brazil more than anything, their trade packs that they're starting to put together with China to see if they try to work the US out of their trade relations.

Carl, our things with the harvest season and the eastern coin belt.

Very good. We had a good harvest this season, good yields, good crops. A little bit of concern with the tar spot on our corn this year and how it affected the corn production. Cut our yields a little bit. Soybeans pretty good. All in all, very good year up here. I would say a little bit less in the Michigan area than what we've seen in the last few years.

But what the stress we saw in the crop is not too surprising. As you go south of here, a little bit more stress, but I don't know. It wasn't a pretty good year across the entire Eastern Corn Belt. What is the yields for right now that did you hear in Michigan and Indiana, Ohio?

I would say on corn, most of our yields around southern Michigan here came in around that 180 bushels breaker. Soybeans red were on that 60-65 for a lot of averages. As you went south of here, they started to gradually decline due to the drought stress that was seen.

As you got down into Ohio, corn yields dipped a little bit, but still pretty respectable around that hundred and for the for the area still held around the hundred and eighty hundred ninety bushel per acre. Soybeans there again, fifty to sixty bushels were most of the reports that came in. Okay.

We finished with the harvest season at the Midwest. However, what is the yields for right now that did you hear in Michigan?

Yeah, we held, like I said, that we're on that 50 to 60 bushels per acre on soybeans for the year. Corn, right around 175, 180 took most production. A very good year for wheat though. Our wheat was well into the 100 bushel per acre range for a lot of areas.

Let's go with livestock markets. How is the cattle markets andogs markets for today's close?

We came in today with a little bit of a mixed trade in live cattle. Feeders were up and hogs we posted solid gains on the day. Cattle taken their support. A little bit of buying interest ahead of that Cattle on Feed report that'll come out Friday afternoon. Expected to see some high marketings there showing solid demand. Not seeing much for Packer buying across the interior market.

and really not seeing much feeder interest in selling right now. And that's kept our cattle at values elevated here. Hogs coming up after we saw some promising economic data out of China. Their retail spending up on both food and in restaurants. So it might see a little bit more red meat demand going into China over the next several months.

How about the cattle on the feeds report on Friday? Can you explain to our audience? The on feed number as of November 1 expected to come in right around 100% of last year.

Our placements for October 103%, so about a 3% increase. And that's from the drier pasture conditions we've seen out in the plains and a little bit of stress there before the rain. Cheaper feed grains also enticing higher placements. Marketing's up anywhere from 4 to 5%, 104, 105% of last year.

And that's coming from the strong consumer demand we're seeing, especially on them, choice cuts. So good marketing. And the big thing to watch is if we can start to build our cattle herd, we have been in a steady decline for the past several months. Do you have any final thoughts or recap of our conversation?

I think for the next several weeks, we'll have to, it's going to be a little bit in limbo in the market ahead of the inauguration and the re inauguration. I should say if President Trump trade relations, definitely going to be a factor in market, but a lot to look forward here over in the next several weeks. Thanks.

Thank you. This is Carl Seltzer from Kona's Agonback Roads of Illinois. January Phoebe Cattle Dollar Plus, $325,000 to $52,325, February. Live Cattle Dollar Dash.

zero seven five closing a dollar one eight seven dot nine two five February we lean hugs dollar plus one point six zero zero closing a dollar eight four dot four seven five.

March corn plus two single quote to closing it for dollars and forty cents single quote zero January soybeans minus eight single quote zero closing it nine dollars.

and 90 cents single quote for March Chicago wheat plus four single quote for closing at five dollars and 72 cents single quote to March KC wheat plus three single quote zero closing at five dollars and 72 cents single quote six

closing quotes provided by Kyle R. Bumstetbrand, office manager Erickson, Nebraska 308 708 7340 Islanddale, incorporated the risk of

Thanks to Carl Seltzer from Kona's had gone back roads of Illinois. You can listen to our show on YouTube and when you get your podcast. This been back roads of Illinois. I am Caesar Delgado of a good day.