Sep 09 | Closing Market Report

This episode of the Closing Market Report, hosted by Todd Gleason, provides a comprehensive update on commodity markets, the beef industry, and global agricultural weather. The program begins with Greg John from Total Grain Marketing, who discusses pre-report estimates for upcoming USDA crop production figures, noting expected yield drops for corn and soybeans, alongside the potential market impacts of Chinese commodity purchasing. Next, University of Illinois extension beef specialist Travis Meteer analyzes the current cattle cycle, explaining how meatpacking plant closures and low herd inventories are shaping the industry while cattle are being fed to all-time heavy weights to compensate for lower head counts. Finally, Drew Lerner of World Weather Incorporated delivers a global weather outlook, highlighting the erratic early-season showers in Brazil, persistent heat in the southwestern United States, harvest-delaying rains across the Midwest, and a large storm system threatening crop quality in the Canadian Prairies.01:43 Ag Markets with Greg Johnson, TotalGrainMarketing.com11:10 Thoughts on the State of the Beef Industry14:46 Ag Weather with Drew Lerner, WorldWeather.cc ★ Support this podcast ★