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MIP #423 We Have The Meats, Technically with Doug Johnson
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Summary
Doug Johnson discusses lab-raised meat technology and its potential impact on the agricultural industry. Lab-raised meat is produced by growing stem and immortalized cells in a controlled environment with the idea it will reduce land and water usage, greenhouse gas emissions, and animal slaughter. However, scaling up production and ensuring food safety are challenges. The market demand for lab-raised meat is growing, but there are concerns about fair labeling and consumer education. The agricultural industry needs to advocate and educate others about the benefits and challenges of lab-raised meat.
Takeaways
Lab-raised meat is produced by growing stem and immortalized cells in a controlled environment with the idea it will reduce land and water usage, greenhouse gas emissions, and animal slaughter.
There are challenges in scaling up production and ensuring food safety in lab-raised meat production.
Market demand for lab-raised meat is growing, but there are concerns about fair labeling and consumer education.
The agricultural industry needs to advocate and educate others about the benefits and challenges of lab-raised meat.
Chapters
00:00 Introduction and Background
02:59 Lab-Raised Meat Technology
05:51 How Lab-Raised Meat is Produced
09:03 Immortalized Cells and Genetic Editing
12:06 Challenges and Scalability of Lab-Raised Meat
14:51 Market Demand and Waiting Lists
21:59 Consumer Perception and Education
25:05 Future Implications and Labeling
30:02 Conclusion and Call to Action
Click To Watch:
https://youtu.be/QBUVzKBmzro
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett Avian Flu and Dairy Cattle
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
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Summary
In this episode, Sean Hackett discusses various topics related to the agricultural commodities market. He provides insights on the wheat market, highlighting the minor reports of damage due to cold temperatures in certain areas. The conversation then shifts to the avian flu and its impact on dairy cattle, with Sean explaining the contagious nature of the disease and the potential production shortfall. The discussion further delves into the cattle market, where Sean predicts a period of sideways trade due to consumer pullback and increased supply. Finally, the hog market is analyzed, with Sean discussing the contraction in China's hog herd and the potential increase in demand for foreign pork supplies.
Takeaways
Cold temperatures in certain areas have caused minor damage to the wheat crop, but the overall impact on the market is insignificant.
The avian flu has spread to dairy cattle, potentially causing a production shortfall and significantly impacting the dairy industry.
The cattle market is expected to experience sideways trade as consumer pullback and increased supply affect prices.
The hog market is showing signs of recovery, with the contraction in China's hog herd leading to potential opportunities for foreign pork suppliers.
Chapters
00:00 Introduction
00:33 Discussion on Wheat Market
10:53 Cattle Market Analysis
13:29 Hog Market Analysis
Click To Watch:
https://youtu.be/QBUVzKBmzro
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP #422 Row Crop Isolation With Jed Bengtson
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
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Summary
In this episode, Casey Seymour interviews Jed Bengtson to discuss the current trends and challenges in the equipment business. They cover topics such as the combine market, four-wheel drive tractors, row crop tractors, interest rates, and the outlook for 2024. Jed provides insights into the market conditions in Montana and shares his contact information for further discussion.
Takeaways
The combine market is experiencing a decline in values, but auction values have not dropped as much as expected. Introducing new combine models, such as the class 11 combine, may further impact the market.
Four-wheel drive tractors with four-track articulated machines are gaining popularity, but wheeled tractors are still in demand. Dual pumps and PTOs are common configurations in the market.
The row crop tractor market is flooded with inventory, leading to increased competition and potential price pressure. Interest rates play a significant role in equipment sales, with many customers seeking lower rates.
The outlook for 2024 is expected to be flat to slightly up, but dealers may face challenges due to increased inventory and carrying costs. Montana's construction business is thriving due to population growth.
Networking and building connections are crucial in the equipment industry, and events like the Moving Iron Summit provide valuable opportunities for industry professionals.
Chapters
00:00 Introduction and Background
03:23 Combine Market Trends
10:26 Four-Wheel Drive Tractor Market
14:17 Row Crop Tractor Market
16:47 Interest Rates and Financing
23:00 Outlook for 2024
26:23 Positive and Negative Factors in Montana
28:19 Contact Information and Recommendation
Click To Watch:
https://youtu.be/M3n9hgPlcKI
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP #421 Blame It On The Funds With Rich Posson
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
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Summary
Richard Posson discusses his podcast and topics, including grains, crude oil, gold, the economy, and the stock market. He explains his analysis based on business cycle patterns and his belief that the stock market and the economy grow for about seven to 12 years before a recession occurs. Richard also discusses the relationship between grains and the stock market and the impact of job market data on the current economy. He analyzes inflation and interest rates and the Federal Reserve's approach to managing them. Finally, he explains the role of interest rates in a recession and the importance of the Federal Reserve in stabilizing the economy. In this conversation, Richard Posson discusses various economic topics, including predicting the economy and the impact of debt. He also talks about the influence of the dollar on exports and the factors driving grain prices. Additionally, he shares his insights on the stagnant oil market and its future prospects.
Takeaways
Richard Posson's podcast covers various topics, including grains, crude oil, gold, the economy, and the stock market.
Richard's analysis is based on business cycle patterns, and he believes that the stock market and the economy grow for about seven to 12 years before a recession occurs.
There is a relationship between grains and the stock market, with specific patterns and factors influencing their performance.
Job market data, such as the number of non-farm jobs added, provides insights into the current state of the economy. Predicting the economy and the impact of debt is challenging, and many predictions have been proven wrong over the years.
The dollar's value plays a significant role in exports and can affect the stock market.
Various factors influence grain prices, including funds' behavior and commercial traders.
The oil market is stagnant, with production levels and economic factors contributing to its lack of movement.
Chapters
00:00 Introduction to Richard Posson's Podcast
01:17 Richard's Analysis and Business Cycle Patterns
04:16 Job Market and the Current Economy
08:28 Inflation and Interest Rates
14:10 The Fed's Approach to Interest Rates
20:57 Quantitative Easing and the Banking System
21:28 The Importance of the Federal Reserve
22:25 Predicting the Economy and Debt
25:16 The Impact of the Dollar on Exports
29:00 Factors Influencing Grain Prices
37:18 The Stagnant Oil Market
Click To Watch:
https://youtu.be/V3_Wl5wuJUc
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP #420 Inflation Report - With Rich Posson
Summary
In this episode, Casey Seymour and Richard Posson discuss the recent CPI report and its implications for inflation and interest rates. They analyze the surprising inflation numbers and the market's reaction to them. They also explore the impact of inflation on the real estate market and the potential for manufacturing to shift back to the United States. Additionally, they examine the current trends in the real estate market and the effect of low interest rates on home buying. Richard Posson discusses various topics related to the economy, stock market, and interest rates in this conversation. He emphasizes the importance of locking in low-interest rates and the potential impact of the Federal Reserve on inflation. Posson also shares his optimistic outlook for the stock market and economy, highlighting the potential of AI and the importance of long-term trends. He discusses the behavior of companies about inflation and the possibility of a Goldilocks scenario. Additionally, Posson touches on oil prices, the dollar index, and the struggle with interest rates.
Takeaways
The CPI report showed a slight increase in inflation, which surprised the market and raised concerns about the Fed's interest rate decision.
The government's inflation calculation differs from private sector calculations, causing confusion and uncertainty.
The real estate market is experiencing a shift as interest rates and prices fluctuate, but overall, it remains stable.
Manufacturing will likely see a combination of onshoring and investment in emerging markets like India. Locking low-interest rates can provide a cushion and protect against potential increases.
Although the Federal Reserve's actions may have contributed to lowering inflation, the free market system and consumer behavior also played a role.
The stock market and economy are expected to experience short-term volatility, but the long-term outlook remains positive.
Balancing inflation and economic growth is crucial; companies' behavior can impact inflation levels.
The potential of AI and the importance of long-term trends should be considered when making investment decisions.
Chapters
00:00 Introduction and Overview
00:38 Understanding the CPI Report
04:27 Market Reaction and Fed's Interest Rate Decision
05:23 Divergence between Government and Private Inflation Calculations
07:14 Impact of Inflation on the Real Estate Market
10:57 Interest Rates and the Economy
16:02 Manufacturing Shifts and Opportunities
21:44 Effect of Low-Interest Rates on Homebuying
22:24 Private Sector's Response to Interest Rate Changes
22:27 Locking in Low-Interest Rates
23:15 The Impact of the Fed on Inflation
24:09 The Possibility of a Recession
25:06 The Role of the Free Market System
25:35 The Effectiveness of the Fed's Actions
26:21 Throttle Up, Throttle Down Process
27:18 The Bullish Outlook for the Stock Market
28:11 Balancing Inflation and Economic Growth
29:09 Addressing Inequality and Creating Real Value
30:05 Behavior of Companies and Inflation
30:35 The Potential for a Goldilocks Scenario
31:02 Comparing the Current Market to the Dot-com Bubble
31:59 The Long-Term Potential of AI
33:27 The Importance of Long-Term Trends
34:53 Oil Prices and the Economy
35:45 The Dollar Index and Interest Rates
37:32 The Uncertainty of the Dollar Index
38:30 The Struggle with Interest Rates
39:58 The Importance of Inflation Indicators
41:44 Short-Term Market Volatility
42:01 Richard Posson's Podcast
Click To Watch:
https://youtu.be/yFcaIZslsuc
Click To Listen:
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets with Chip Nellinger: You Give Me Bears, I Give You Bulls!
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
info.randallreilly.com/moving-iron-podcast.
Summary
Chip Nell from Blue Reef Agri-Marketing discusses the commodity market and the recent USDA report. The report had no significant shocks, with domestic corn and bean numbers remaining unchanged. The market responded positively despite expecting a more substantial cut to Brazil's bean crop. The conversation then shifts to the upcoming acreage report and the uncertainty surrounding planting decisions. Chip explains that the funds' short positions are driven by technical factors rather than fundamentals. The discussion concludes with contact information for Blue Reef Agri-Marketing.
Takeaways
The recent USDA report had no significant shocks, but the market responded positively.
The upcoming acreage report and weather conditions create uncertainty and risk in the market.
The funds' short positions are driven by technical factors rather than fundamentals.
Contact Blue Reef Agri-Marketing for risk management and marketing strategies.
Chapters
00:00 Introduction and Weather Update
00:47 Recap of the USDA Report
04:26 Uncertainty and Risk Ahead
05:42 Discussion on Fringe Acres and Acreage Report
06:26 Factors Influencing Crop Planting Decisions
09:46 Volatility and Uncertainty in the Market
11:57 Role of Wheat in the Market
15:18 Short Positions and Fund Trading
Click To Watch:
https://youtu.be/V3_Wl5wuJUc
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets With Shawn Hackett No Fringe Acres For You!
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
info.randallreilly.com/moving-iron-podcast.
Summary
In this episode of the Moving Iron Podcast, host Casey Seymour interviews Sean Hackett from Hackett Financial about the current state of commodities. The conversation covers various topics, including Chinese grain storage, the Australian wheat crop, the rice market, the cotton market, the crop acreage report, corn acreage, irrigation and corn, and the planted corn crop. The episode concludes with closing remarks and contact information.
Takeaways
China has increased grain storage and edible oils by 8.1% over the last year, indicating a solid commodity demand.
Australia expects a larger-than-normal wheat crop, which could impact global wheat production.
The rice market is an important grain market to watch, as it is one of the leading food staples globally.
The cotton market has seen price fluctuations, with cotton prices currently trading around a dollar.
Chapters
00:00 Introduction and Chinese Grain Storage
02:36 Australian Wheat Crop
04:47 Rice Market
08:05 Cotton Market
10:01 Crop Acreage Report
12:21 Corn Acreage
19:07 Planted Corn Crop
20:33 Closing and Contact Information
Click To Watch:
https://youtu.be/SyHlUR2khGk
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP #419 This Isn't Your Fathers Guidebook With Jon Wommack and John Hoffmann
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
info.randallreilly.com/moving-iron-podcast.
Summary
In this episode, Casey Seymour and Alan Hoskins discuss the challenges in the commodity marketplace, the importance of long-term marketing plans, the impact of the Fed's statements on the market, and strategies for managing interest rates. They also explore external factors that can affect the market, the role of trusted advisors in decision-making, and the current state of the equipment market. They discuss the timing of equipment sales and purchases, the opportunities in the market, and the value of pre-DEF tractors. The episode concludes with a reminder to stay informed and make educated decisions in the ever-changing market.
Chapters
00:00 Introduction
00:52 Challenges in the Commodity Marketplace
03:07 Long-Term Marketing Plans
06:32 Impact of the Fed's Statements
09:00 Managing Interest Rates
11:10 External Factors Affecting the Market
12:19 Importance of Trusted Advisors
14:16 Equipment Market and Buying Strategies
19:33 Opportunities in the Equipment Market
20:46 Timing Equipment Sales and Purchases
23:49 Online Auctions and Market Changes
25:37 Value of Pre-DEF Tractors
28:38 Conclusion
Click To Watch:
https://youtu.be/yUyIPOYg3Gc
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP #418 - Sell Now Buy Later With Alan Hoskins American Farm Mortgage
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
info.randallreilly.com/moving-iron-podcast.
Summary
In this episode, Casey Seymour and Alan Hoskins discuss the challenges in the commodity marketplace, the importance of long-term marketing plans, the impact of the Fed's statements on the market, and strategies for managing interest rates. They also explore external factors that can affect the market, the role of trusted advisors in decision-making, and the current state of the equipment market. They discuss the timing of equipment sales and purchases, the opportunities in the market, and the value of pre-DEF tractors. The episode concludes with a reminder to stay informed and make educated decisions in the ever-changing market.
Chapters
00:00 Introduction
00:52 Challenges in the Commodity Marketplace
03:07 Long-Term Marketing Plans
06:32 Impact of the Fed's Statements
09:00 Managing Interest Rates
11:10 External Factors Affecting the Market
12:19 Importance of Trusted Advisors
14:16 Equipment Market and Buying Strategies
19:33 Opportunities in the Equipment Market
20:46 Timing Equipment Sales and Purchases
23:49 Online Auctions and Market Changes
25:37 Value of Pre-DEF Tractors
28:38 Conclusion
Click To Watch:
https://youtu.be/RRauvZEe7go
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable, The Home of Iron Solutions And EDA Data. Ignite Your Dealership's Growth At Fusable.com
MIP #417 Is Bigger Better with Jon Miller
Summary
In this episode of the Moving Iron Podcast, host Casey Seymour interviews John Miller, the used equipment manager for Krone North America. They discuss John's background and experience in the industry, the role of used equipment managers, the Krone company store model, trends in the chopper market, the use of tracks in equipment, and the outlook for the industry in 2024 and beyond. They also explore the impact of equipment prices on the market and the challenges used equipment managers face. The conversation explores the Volatility in the used equipment market, the ease of justifying used equipment purchases, budgeting for new equipment, the impact of price increases on trade-ins, challenges in the secondary market, limited demand for large equipment, the importance of infrastructure and support equipment, exploring international markets, the challenges of the global market, and the importance of networking events.
Takeaways
Used equipment managers play a crucial role in the dealership, influencing the selling of equipment and managing inventories.
The Krone company store model is used strategically in areas with a strong market for Krone products but lacks dealer representation.
The chopper market is trending towards larger machines, but there are limitations due to road width restrictions and infrastructure constraints.
Using tracks in equipment is not currently a significant focus for Krone, as the premium cost and limited demand make it less attractive to customers.
The outlook for the industry in 2024 is expected to be similar to 2023, with gradual declines in auction values. However, 2025 may present more challenges due to economic and political factors.
The high prices of new equipment and the compounding effect on used prices create challenges for buyers and sellers. The used equipment market is experiencing Volatility, with fluctuations in supply and demand.
Used equipment is more accessible to justify for producers, as it serves as spare equipment and is more affordable than new equipment.
Budgeting for new equipment is standard for larger operators, who regularly trade in gear to keep it under warranty and maintain efficiency.
Price increases in new equipment impact the trade-in value of used equipment, making it more challenging to sell.
The secondary market for large equipment faces challenges due to limited demand and the need for additional infrastructure and support equipment.
Exploring international markets can solve the saturated domestic market but comes with challenges.
Networking events provide valuable opportunities for industry professionals to connect and share insights.
Chapters
00:00 Introduction and Background
03:00 The Role of Used Equipment Managers
08:18 The Krone Company Store Model
15:28 Trends in the Chopper Market
21:17 The Use of Tracks in Equipment
23:12 Outlook for 2024 and Beyond
28:47 The Impact of Equipment Prices on the Market
36:23 Volatility in the Used Equipment Market
37:15 Easier to Justify Used Equipment
38:05 Budgeting for New Equipment
39:04 Impact of Price Increases on Trade-ins
40:14 Challenges in the Secondary Market
41:1 Limited Demand for Large Equipment
42:45 Infrastructure and Support Equipment
44:07 Exploring International Markets
45:07 Saturated Markets and Emerging Markets
47:38 Challenges of the International Market
48:36 The Importance of Networking Events
Click To Watch:
https://youtu.be/N-B6kRqZi6o
Click To Listen:
https://on.soundcloud.com/A95tm
Presented By @AxonTire @AgDirect @IronSolutions @EDAData @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett - Grains Tough, Others Not So Much
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
Move More Iron with Fusable! Get your Free Demo at
https://info.randallreilly.com/moving-iron-podcast.
Summary
In this episode, Shawn Hackett discusses the current state of the commodities market, focusing on grains. He explains that the market is experiencing panic selling, but several factors indicate a potential turnaround. These factors include historical patterns, weather conditions, and the possible impact of the polar vortex. Hackett also highlights the opportunities for livestock producers to lock in low feed rates. He emphasizes the importance of taking a contrarian approach and making different decisions to achieve different results in the volatile commodity market.
Chapters
00:00 Introduction and Weather Conditions
01:19 Grain Market Panic Selling
07:20 Potential Impact of Polar Vortex
12:12 Commodity Market Pickers
14:55 Bifurcated Commodity Market
20:04 Locking in Low Feed Rates
25:25 Taking Contrarian Approach
29:18 Changing Strategies for Different Results
31:10 Contact Information
Click To Watch:
https://youtu.be/-3ZmofGGNKs
Click To Listen:
https://youtu.be/kaaUxpzM72s
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable, The Home of Iron Solutions And EDA Data. Ignite Your Dealership's Growth At Fusable.com
MIP Markets with Shawn Hackett - A Split Polar Vortex and Possible Winter Kill Event
Summary
Sean Hackett discusses the current weather conditions and the potential impact of a polar vortex event on commodity markets. He explains the factors contributing to a stratospheric warming event and the subsequent destabilization of the polar vortex. There is a risk of a winter kill event in the wheat market due to the unusual weather patterns. Sean visualizes the polar vortex and its split, highlighting the potential for extreme cold and snowfall. He emphasizes the potential impact on grain markets and advises farmers to consider cash sales during market rallies. Sean concludes by discussing his track record in forecasting polar vortex events and provides contact information for further information.
Chapters
00:00 Introduction and Weather Conditions
01:26 Stratospheric Warming Events and Polar Vortex
03:13 Risk of Winter Kill Event
04:11 Visualizing the Polar Vortex
08:08 Potential Impact on Grain Markets
10:07 Weather Changes and Significant Dates
14:12 Unusual and Wild Polar Vortex Pattern
17:15 Possibility of Weather Shock Outcome
19:21 Forecasting Polar Vortex Events
20:13 Conclusion and Contact Information
Click To Watch:
https://youtu.be/-3ZmofGGNKs
Click To Listen:
https://on.soundcloud.com/A95tm
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
MIP #416 Dumb Horse Power With Ben Freidhof of Ziegler Ag
Summary
In this episode, Casey Seymour and Ben Friedhof discuss current weather conditions and their impact on farming. They then delve into the outlook for the marketplace in 2024, focusing on concerns about row crop tractors and the challenges of high-priced equipment. They also explore the dynamics of the used equipment market, particularly in the combined market. Ben shares insights on the demand for 5-year-old machines and the market's future. They conclude by discussing Ziegler Ag's rebuild program for legacy machines and the benefits of attending the Moving Iron Summit for networking and learning.
Takeaways
The weather conditions, such as snowfall and dryness, significantly impact the farming community.
The marketplace outlook 2024 is cautiously optimistic, with a potentially slow start and a focus on input costs and interest rates.
There are concerns about the inventory imbalance in the combined market, with a surplus of class eight combined.
The demand for 5-year-old machines is limited due to price increases and the availability of newer models.
The market's future depends on various factors, including geopolitical events, interest rates, and foreign markets.
Ziegler Ag's rebuild program for legacy machines allows customers to bring in their older machines for a complete rebuild to like-new condition.
The Moving Iron Summit provides industry professionals a valuable networking and learning opportunity.
Chapters
00:00 Introduction and Weather
03:52 Marketplace Outlook for 2024
05:07 Concerns about Row Crop Tractors
07:15 Challenges with High-Priced Equipment
10:34 The Used Equipment Market
12:51 Inventory Imbalance in the Combine Market
13:39 Demand for 5-Year-Old Machines
17:02 The Future of the Market and the New Normal
22:14 Rebuild Program for Legacy Machines
29:14 Moving Iron Summit and Networking
30:30 Conclusion
Click To Listen:
https://on.soundcloud.com/uAWr5
Click To Watch:
https://youtu.be/ch6W382cg0k
Presented By @Fusable
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
Moving Iron's Official Data Partner Is Fusable. The Home Iron Solutions And EDA Data. Ignite Your Dealership's Growth With Fusable.com
MIP # 415 Building The Guide With Jon Womack of Iron Solutions
Summary
In this episode of the Moving Iron Podcast, Casey Seymour interviews John Womack from Iron Solutions to discuss the current trends and data in the agricultural equipment marketplace. They highlight the rebound of large row crop tractors and the increasing number of sprayers being listed for auction. They emphasize the importance of accurate sold reports and data in making informed decisions. John explains the process of gathering data from manufacturers and the role of data in lending institutions. They also discuss the significance of hour usage and adjustments in determining equipment values. The episode concludes with contact information for further inquiries.
Takeaways
Large-row crop tractors and sprayers are in high demand in the agricultural equipment marketplace.
Accurate sold reports and data are crucial for making informed decisions in the industry.
Hour usage and usage adjustments play a significant role in determining equipment values.
Accessing sold reports and comparables can provide valuable insights for equipment evaluation.
Chapters
00:00 Introduction and Market Overview
02:09 Market Trends: Large Row Crop Tractors and Sprayers
03:06 The Importance of Sold Reports and Data
04:33 The Process of Gathering Data from Manufacturers
07:36 The Role of Data in Lending Institutions
08:06 Ensuring Accuracy and Concrete Information
10:06 The Significance of Hour Usage and Usage Adjustments
13:06 Normalizing Sold Reports and Base Model Pricing
15:19 Factors Influencing Hour Usage
18:54 Accessing Sold Reports and Comparables
29:30 Closing Remarks and Contact Information
Click To Watch:
https://youtu.be/j9woluSLeNA
Click To Listen:
https://on.soundcloud.com/q2nBe
Presented By @Fusable
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets with Shawn Hackett - Taking Advantage Of Short-Term Weather Events
Summary
In this episode, Sean Hackett discusses the recent market report and the impact of the USDA's numbers on the grain markets. He explains the discrepancy between the USDA and CONAB's crop estimates and the resulting market uncertainty. Sean also analyzes the cattle market, highlighting the effects of extreme weather conditions on cattle weights and prices. He advises producers to utilize short-term rallies and lock in cash prices. Additionally, Sean discusses the potential impact of geopolitical events on agricultural markets and the importance of monitoring weather risks. The episode concludes with a listener question about Ukraine and Russia's crops.
Takeaways
The USDA's crop estimates and the discrepancy with CONAB's numbers have created market uncertainty.
Extreme weather conditions have affected cattle weights and prices, providing short-term opportunities for producers to lock in cash prices.
Geopolitical events and weather risks are essential to consider in agricultural market forecasting.
Ukraine's agricultural production has not been significantly impacted by the conflict with Russia, possibly because of a theoretical agreement between Russia and China.
Chapters
00:00 Introduction and Market Report
03:13 Cattle Market Analysis
08:15 Weather and Geopolitical Factors
17:13 Listener Question: Ukraine and Russia's Crops
23:28 Conclusion and Contact Information
Click To Listen:
https://on.soundcloud.com/K4u7H
Click To Watch:
https://youtu.be/-3ZmofGGNKs
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
Summary
Shawn Hackett discusses the current weather conditions and the potential impact of a polar vortex event on commodity markets. He explains the factors contributing to a stratospheric warming event and the subsequent destabilization of the polar vortex. There is a risk of a winter kill event in the wheat market due to the unusual weather patterns. Sean visualizes the polar vortex and its split, highlighting the potential for extreme cold and snowfall. He emphasizes the potential impact on grain markets and advises farmers to consider cash sales during market rallies. Sean concludes by discussing his track record in forecasting polar vortex events and provides contact information for further information.
Chapters
00:00 Introduction and Weather Conditions
01:26 Stratospheric Warming Events and Polar Vortex
03:13 Risk of Winter Kill Event
04:11 Visualizing the Polar Vortex
08:08 Potential Impact on Grain Markets
10:07 Weather Changes and Significant Dates
14:12 Unusual and Wild Polar Vortex Pattern
17:15 Possibility of Weather Shock Outcome
19:21 Forecasting Polar Vortex Events
20:13 Conclusion and Contact Information
Click To Listen:
https://on.soundcloud.com/eZhJ5
Click To Watch:
https://youtu.be/-3ZmofGGNKs
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets With Shawn Hackett - Shorts In Grains And Nat Gas Supply Below 5 Year Average
Summary
Shawn Hackett discusses various factors affecting the grain and natural gas markets in this conversation. He explains the record short positions in the grain market and the potential catalysts that could trigger a short-covering rally. He also discusses the harvest pressure in Brazil and the possibility of a post-harvest rally. Additionally, he analyzes the long-term outlook for the natural gas market and the potential impact of the Indian wheat crop on world supply. He emphasizes the importance of managing emotions and making clear decisions in agricultural markets.
Takeaways
Record short positions in the grain market have been driven by the narrative of China's economic decline and poor US exports.
The grain market is vulnerable to a short covering rally if a catalyst makes traders feel they are on the wrong side of the trade.
Harvest pressure in Brazil and potential weather shocks for winter wheat could catalyze short-covering rallies.
The natural gas market is expected to experience drawdowns that could lead to a trend of increasing prices throughout the year.
Managing emotions and making clear decisions is crucial in agricultural markets.
Chapters
00:00 Introduction and Small Talk
01:48 Discussion on Record Short Positions in Grain Market
02:54 Factors that Could Trigger Short Covering Rally in Grain Market
05:14 Harvest Pressure in Brazil and Potential Post-Harvest Rally
07:08 Potential Weather Shock for Winter Wheat
12:38 Long-Term Outlook for Natural Gas Market
19:20 Impact of Indian Wheat Crop on World Supply
25:50 Discussion on Natural Gas Drawdown and Long-Term Inputs
30:00 Managing Emotions and Making Clear Decisions
35:35 Contact Information and Closing Remarks
Click To Listen:
https://on.soundcloud.com/eZhJ5
Click To Watch:
https://youtu.be/O21L0HExsK8
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @Fusable @Valleytransinc
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
Summary
In this episode of the Moving Iron Podcast, Shawn Hackett discusses various topics related to the agricultural market. He starts by discussing extreme weather conditions and their impact on travel and commodity markets. Then, he addresses the current state of biodiesel demand and the factors that could influence it. Next, he discusses the potential impact of financial problems on planting acres and the natural gas market. Finally, he shares his perspective on China's economy and advises farmers in the current market environment.
Takeaways
• Extreme weather conditions are impacting travel and commodity markets.
• The biodiesel demand may not grow significantly until after the elections.
• Marginal acres may not be planted due to financial problems and potential frost damage.
• The natural gas market could experience a significant price increase in the coming months.
• Concerns about China's economy and geopolitical tensions could impact commodity markets.
• Farmers should be patient and consider participating in upside price risks.
Chapters
00:00Introduction and Weather Conditions
05:57Biodiesel Demand
09:33Impact of Financial Problems on Planting Acres
11:27Natural Gas Market
17:24Concerns about China's Economy
29:31Market Outlook and Advice for Farmers
Click To Watch:
https://youtu.be/qECm0ypejZ4
Presented By
@AxonTire
Axon Tire, helping dealers move more iron for the past 100 years. For more information, go to AxonTire.com
@AgDirect
Today, there are many ways to finance ag equipment, but nobody delivers simple, fast, or flexible financing like AgDirect®. Learn more about your options to buy, lease, and refinance equipment at agdirect.com.
@IronSolutions @EDA @Fusable
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Market with Shawn Hackett 2024 is Totally Different
Summary
The conversation covers various topics related to commodity markets, including South American weather, the natural gas market, the wheat market, the South American crop outlook, and the impact of geopolitical events on commodity prices. The speaker also addresses a listener's question about the potential implications of a world war on agricultural commodities. The conversation highlights the importance of monitoring gold and Bitcoin as indicators of capital flow during geopolitical escalations. The speaker emphasizes considering long-term trends and potential inflationary risks in commodity markets.
Takeaways
1. South American weather, particularly in Brazil, is a crucial factor affecting commodity markets, potentially impacting soybean and corn production.
2. The natural gas market is experiencing a rebound due to a colder-than-expected winter, which could lead to lower inventories and higher prices.
The wheat market is influenced by factors such as winter kill and export supply from Russia and Argentina.
3. Geopolitical events, such as the possibility of a world war, can significantly impact commodity prices, leading to inflationary trends and increased demand for hard assets like gold and Bitcoin.
4. Long-term trends and cycles, such as the geopolitical war cycle, should be considered when analyzing commodity markets and making investment decisions.
Chapters
00:00 Introduction and South American Weather
03:33 Natural Gas Market and Winter Weather
06:38 Winter Kill and Wheat Market
11:19 South American Crop Outlook
16:26 Impact of Geopolitical Events on Commodity Prices
27:22 Listener Question: Impact of World War on Ag Commodities
32:51 Geopolitical Cycle and Inflationary Risks
37:01 Contact Information
Click To Watch:
https://youtu.be/rFc854OQVfM
Presented By @AxonTire @AgDirect @IronSolutions @randallreilly @AnvilApp
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
MIP Markets with Chip Nellinger: Will 2024 Volatility Be The Same as 2023 Volatility?
Summary
The conversation covers the reflection on 2023, the impact of geopolitical uncertainty on energy markets, volatility and uncertainty in grain markets, factors affecting the wheat market, geopolitical tensions on commodity prices, and challenges and opportunities in the hog market.
Takeaways
1. Geopolitical tensions and conflicts can significantly impact commodity prices, particularly in energy markets.
2. Volatility and uncertainty, driven by weather and geopolitical factors, are expected to continue in grain markets.
3. The wheat market is influenced by factors such as the Ukraine-Russia conflict, winter kill risks, and changing geopolitical dynamics.
4. The hog market faces challenges due to increased supply and potential disruptions in trade, but opportunities may arise in the summer months.
5. 2024 is expected to be a year of continued uncertainty and volatility in commodity markets.
Chapters
00:00 Introduction and Reflection on 2023
03:14 Geopolitical Uncertainty and its Impact on Energy Markets
08:15 Volatility and Uncertainty in Grain Markets
11:40 Factors Affecting the Wheat Market
15:12 Geopolitical Tensions and their Impact on Commodity Prices
18:45 Challenges and Opportunities in the Hog Market
21:39 Conclusion and Well Wishes
Click To Watch:
https://youtu.be/CygQnywOpKU
Presented By @AxonTire @AgDirect @IronSolutions @randallreillyperformance
Music By: @TalbottBrothers
Host: Casey Seymour @casey9673
#agequipmentbusinesstal #letsgomovesomeiron
Contact Me at:
MovingIronLLC.com
movingironpodcast@movingironpodcast.com
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