Podcasts about inventories

Global silver inventories are collapsing at a pace we haven't seen in decades, from China's SGE/SHFE to COMEX and even major ETFs. Massive, irregular outflows—millions of ounces at a time—signal that something big is shifting beneath the surface of the silver market. Analysts now warn that this year's silver deficit could become the deepest on record, with cumulative shortages since 2019 already exceeding 1.3 billion ounces. Add in tightening liquidity and the growing risk of sudden investment surges, and the setup for explosive silver price action is becoming hard to ignore.

Milk production is up 4.2% year over year, components are climbing and prices are falling. As holiday orders wrap up and we head into the long winter, The Milk Check team digs into whether dairy markets have already found a floor, or if there's still another leg down to go. With milk products everywhere (except for whey), the Jacoby team shares where the market is and where we're going. They churn through: Butter at $1.50 and what heavy cream and higher components mean after the holidays Why cheese feels like a calm before the storm, and how far Class III could grind lower Nonfat and skim: long milk, growing inventories and buyers shopping the cheapest origin Why whey proteins are the outlier, with tight supply, strong demand and GLP-1 tailwinds Global milk growth, clustered demand (Ramadan, Chinese New Year, Super Bowl) and who blinks first between the U.S. and Europe In this episode of The Milk Check, host Ted Jacoby III is joined by Joe Maixner, Jacob Menge, Diego Carvallo, Josh White and Mike Brown for a rapid-fire market session on butter, cheese, nonfat and proteins. Listen now for The Milk Check's latest market read on butter, cheese, nonfat and whey. Got questions? We'd love to hear them. Submit below, and we might answer it on the show. Ask The Milk Check Ted Jacoby III: Welcome back, everybody, to The Milk Check podcast. Today we’re gonna have a market discussion. It is November 10th. We are in the last couple of weeks of the quote-unquote busy season, starting to get a feel for what we think is gonna happen to dairy markets as holiday orders are filled, and we transition into the long-term period of the year. In the last few weeks, we’ve actually seen prices drop, but it feels like butter’s kind of dropped down to about a $1.50/lb and seems to find at least a brief floor. We’ll talk to Joe and find out if Joe thinks we’re gonna stick around here for a while. The cheese market was up in the $1.80s/lb. It’s dropped to a little below $1.70, starting to hit a little bit of resistance. Jake will share with us a little bit about what we think is happening with cheese going forward. Nonfat dropped a little bit down to [00:01:00], about what Diego, about a $1.10/lb and had a little bounce off its floor. Meanwhile, the whey complex just continues to go up. We’ll check in with Josh and find out what’s going on there. Well, let’s go ahead and start with milk production. We just got released today, the September milk production, and it says it’s up 4.2%, which is a very, very big number. It’s November; milk is longer than it usually is this time of year. Usually, it’s quite tight, and it’s not quite tight, but I wouldn’t call it long. However, all the signs are there that once we get past the fall holiday order season, milk could get quite long. If September milk is up 4.2%, I think it’s safe to say that if that continues, we will be quite long milk as we transition from the typical seasonal tightness of the fall into the winter and the flush of the spring. 4.2% is a big number, and that’s not even taking into account the fact that the solids in the milk are up as well. That’s not the kind of tone that a dairy farmer wants us to set as we’re talking about what supply and demand looks like, but there’s a lot of milk out there, [00:02:00] Joe, does that mean there’s a lot of butter out there, too? Joe Maixner: Well, there’s still a lot of butter out there; sounds like there’s going to be a lot more butter coming soon. If milk’s up 4%, cream was heavy all of last winter and into last Spring, extremely heavy. If we have higher components, more milk, and we’ve got a full amount of milk coming outta California as well after coming off of bird flu last year, there’s just gonna be that much more cream in the system and more getting pushed back into the churns. So, it’s a very good possibility that we’re gonna go even lower than where we currently are. Volume seems to be trading well. The cream demand has been fairly steady, going into cultured products and the shorter shelf-life products. Cream’s still long, but it’s not swimming yet. Ted Jacoby III: Will we hold this $1.50 area through Thanksgiving, you think? Joe Maixner: Yeah, it seems like we’ve hit a spot where buyers are willing to step in. So, there’s a good chance that we could hang around this $1.50 area for the next couple of weeks. Once the last little spurt of holiday demand is over, we’re gonna take another leg lower. Ted Jacoby III: Okay. Jake, what about [00:03:00] cheese? Jacob Menge: I think we had a little reprieve from some cheese bearishness with the holiday demand. It’s tough, though, especially with this wall of milk that’s headed our way. Does it seem like the bottom’s ready to drop out? Probably not yet. But it still seems like it’s a possibility. It almost seems like the call before the storm. Ted Jacoby III: What you’re saying is: we’ve already dropped quite a bit, but we’re in typical low points, but it’s possible, considering the amount of supply coming our way, that there’s still another cliff to negotiate, and we could go a lot lower when it comes to Class III milk and cheese prices. Jacob Menge: If you zoom out a ways, going back to mid-2022, we’ve really not liked to go below that $1.55 level on futures. We’re kind of at another support level at this $1.65. Those seem like our two support areas, historically, for the last 3, 4 years. So, it’s probably gonna be one of those grinds lower if we move lower from here, versus that $1.85 to $1.65 was almost an air pocket drop. [00:04:00] It seems like the market’s gonna have to earn it if it moves lower from here, but it does seem like a possibility. Ted Jacoby III: When we get down to these levels, this usually tends to form the floor, and if we have so much cheese out there and so much milk out there that we’re gonna go lower from here, it’s probably not an air pocket drop; it’s probably a grind lower from here. Jacob Menge: Yeah, I think our lows, on the futures, for the past 4 years have been that $1.55. Don’t quote me on that, gimme a couple of cents on either side of that. But that means we got a dime from here to hit those five-year lows, you know, besides COVID. There’s a lot to be said for technical trading at those levels. So, it would take a big fundamental kind of wave supply to get us to crack that. Ted Jacoby III: Got it. Thank you. Diego. What about nonfat? What’s the international market doing? We know we have a lot of milk in North America. We have a lot of milk everywhere. And what does it mean? Diego Carvallo: Customers are also seeing the data, and it seems like they’re in no rush to buy nonfat. Right. Nonfat seems to be the product that is 00:05:00 consistently available. We haven’t seen a very tight market in several years. So, it seems customers are more concerned about other products like WPCs or maybe cheese, other products besides nonfat. So, they’re staying very hand-to-mouth. They’re being very flexible when it comes to origin and just buying spot and from the origin that offers them the cheapest skim milk powder delivered price, which, in most cases, for the past few months, has been either European or New Zealand product because of the shipment time, transit time, and tariffs. Ted Jacoby III: Has the inventory in the U.S. been building as a result? Diego Carvallo: Yes, it has, Ted. Yep. Inventory has been building. I was looking into the milk production numbers for September. California was relatively stable compared to the previous year. I think we grew by 2.5% versus the previous year. But the strong impact from avian [00:06:00] influenza was actually in October. So, that’s when we might see a big jump between California production for 2024 and California production for 2025. So, I thought the Milk Report was pretty bearish for nonfat. Next month could be as bearish or even more. I still believe that we’re gonna see a lot of product going into the dryers, and that’s gonna add pressure, and that’s gonna increase inventories for U.S. products. Ted Jacoby III: What does milk production look like in Europe? Diego Carvallo: They’re actually up quite a bit. I think their September number was also stronger than expected. I can’t recall the exact number, but it was stronger than expected, even though they have cut down on the farmer price, the FrieslandCampina, which is the number one benchmark. It still seems like, with corn moving lower, there’s still a number that incentivizes more milk production. For the next few months until we see a stronger cotton price, we’re gonna see plenty of milk from the U.S. and from Europe. Ted Jacoby III: [00:07:00] Okay, thanks. Appreciate it, Diego. Josh, so what about the protein market? Josh White: Yeah, same story. I don’t know why everybody else is having so many problems with their products because whey proteins are in demand and it continues to be very strong. WPC 80, WPI demand is outpacing supply. People are trying to book forward and can’t. By all reports, the demand on the consumer level remains pretty good. It’s a bit of an outlier. It’s definitely a mystery. A lot of the discussion centers around GLP-1 adoption in the U.S. Compared to a year ago, I think I read this morning, something like 12% of Americans are allegedly using GLP-1-related drugs for weight loss. Assuming that’s an accurate statistic, that’s a noteworthy number of people. There was a lot of discussion last year that as people come on things like Wegovy and Ozempic, at what moment do we mature to the point that people beginning their cycles of taking the drugs equal those coming off of those drugs? There’s just been a lot of headlines about more affordable access to these types of products. If that continues, that shifts this curve even a little bit further up. [00:08:00] What can reverse that trend or slow down the demand for the whey protein side? I think it takes a production response. I can imagine that any manufacturer that’s making whey-related products as a byproduct of their cheese production is exploring how to access this demand, in particular, the whey protein isolate demand. I don’t have the impression that equipment is any easier to get, and there are still plenty of obstacles in terms of making production changes at the processor side. It feels to me like at least through the first half of this year, we’re gonna continue to be under-supplied relative to the demand that’s out there. And I think it’s important to note that although we’re talking about good demand for these products, the GLP-1-related impact on the dairy market isn’t all positive. It’s certainly a positive on the whey protein side. Still, I think, as it relates to consumer demand for butterfat, cheese products, and some of the other snack foods that dairy products are used in, in the CPG space, people are consuming fewer calories. Throughout the rest of the world, this health and wellness [00:09:00] trend and this appetite for quality protein are everywhere. Their demand continues to be very strong internationally. Maybe a couple of other things that are noteworthy, maybe early indicators of the price stabilizing, it looks like Europe and the U.S. might be closer to parity for the first time in a while. So, we should watch that. We will see seasonal production levels start to increase a bit. I don’t know if that will one-for-one find its way into additional whey protein availability, but it certainly should help the situation as we get into heavier production months in the Northern hemisphere markets that produce these products. But other than that, demand remains very, very strong. Prices are firm. They appear they’ll continue to be through at minimum the first quarter. And I don’t think it’s going out on a ledge to say through the first half of the year. And then we’ll see what happens on the other side of it. But yeah, definitely a firm marketplace right now, Ted. Ted Jacoby III: What about milk protein concentrate, milk protein isolate? Are we starting to see the value of those products increase and close the gap between the [00:10:00] whey protein, since the whey proteins have gotten so expensive? Josh White: I’ll jump in and say we’re starting to see some early indications of that: people looking for substitutes where they can. If you’re not in these markets every day, you don’t know what products are available. If you’re in the CPG space or using it as one of many, many SKUs that you’re buying, you’re not aware of the functional properties and some of these other things. And there’s also a decision-making timeline that people have to consider. Not only are there labeling concerns and other things, but there’s a lot of protein that’s consumed as an ingredient and maybe not the primary ingredient. And oftentimes, those decisions are not easy to formulate or change, and they’re also made over larger durations of time, like annual pricing. We’ve had such a wide gap for a long enough time now that we have customers asking questions, and customers that are on the lower end of the valorization for these products are looking for substitutes. Those substitutes come in a couple of ways. They can come from substituting away from dairy, substituting for other [00:11:00] dairy or trading down to lower dairy-related protein products. We’re seeing people investigate all of them. Diego might be able to speak more precisely about what’s happening with the MPC prices. But generally speaking, the majority of people out there are starting to ask questions. I’m not so sure it’s having a material impact or moving the needle quite yet on substitution. Ted Jacoby III: Okay, well, it feels a little bit like a broken record. Milk everywhere, product everywhere except for whey, maybe that’s exactly the loop we’re in right now. Joe Maixner: We’ve talked a lot about supply and excess and whatnot, but demand, it feels like we’re increasingly teetering towards a crumbling economic situation with higher debt, people not having much discretionary income, and just overall demand being weak. Ted Jacoby III: So, if you’re looking at the demand numbers that we track, restaurant traffic is definitely down. It is clear that the economic environment we’re in, people’s pocketbooks are being stretched thin, and they’re cutting back on how often they go to restaurants and eat at [00:12:00] restaurants. Now, usually when that happens, there’s an offset into the retail side, and the retail side numbers usually go up a little bit. You are seeing that. Speaking to some of our branded customers, what they’re telling us is their sales are down, and the private label guys are saying, well, their sales are up, but frankly, not as much as they expected. The bottom has not dropped out yet. I think everybody’s watching it pretty closely. I think the industry’s concerned. I’ll leave it at that. Mike Brown: I think food service continues to be the big stickler on overall dairy sales. Grocery sales are okay. Food service continues to be weak, and that’s gonna affect us. Mm-hmm. Particularly, I think some of the high-fat products. Josh White: When we’re looking at it from the home front, it doesn’t feel real great, but if we’re looking at just how much additional milk we have globally, including out of Oceana and out of South America, and looking at how much of that surplus milk globally is being consumed in Asia right now, I mean they’ve been buying I wonder if that points to some brightness, at least some positives? Now, I also am a little [00:13:00] concerned that we have a consolidation of demand events, with Chinese New Year buying at the same time that Ramadan continues to move earlier and earlier every year. And prices are low right now. Feels like we might have a big concentration of demand that’s meant to satisfy local needs in the early part of 2026, but there has been a lot of international trade. Ted Jacoby III: I think you’re absolutely right. Ramadan and the Chinese New Year are both in February. Diego Carvallo: The word in the street, Ted, is that most of the Ramadan and New Year’s demand is gonna be fulfilled by the middle of November. Ted Jacoby III: In other words, by the time we get to January 1st, those orders are gone. Mike Brown: Yeah. And Super Bowl is 10 days before the start of Ramadan in the Chinese New Year. So, they’re all pretty close together. Josh White: I went back to saying that, hey, we’ve got a lot of milk globally, every surplus region’s producing more milk than expected. You mentioned earlier, Ted, that doesn’t even account for the component growth that we have here. That’s been fairly impressive. [00:14:00] What’s been interesting about that is it hasn’t felt this heavy. You might believe, well, it doesn’t feel as heavy because the Northern Hemisphere is at its low milk production points. Maybe it doesn’t feel as heavy because we’ve got a concentration of additional demand, but we’re trading a lot of anticipatory supply concerns. We’re really trading the fact that tomorrow we’re worried we have a lot of incremental milk, globally, that we don’t necessarily know where we’re gonna go with it. That’s not a reason to get bullish, to be super clear, but I do think that if we’re thinking through vulnerabilities in the market, that might be one. Ted Jacoby III: I would agree with that. I think there are three things that are probably keeping this market from going straight to the bottom. One, as you said, we’re at the low point seasonally for milk production in the Northern Hemisphere. Two, we are at the high point for demand everywhere. And three, you get to a certain point, and I think we are there in all products, we may actually be passed there in butter, but we are there in cheese, I think we’re there in nonfat, where [00:15:00] in order to go lower, you need to build up supply to the point where the inventories become actually burdensome, and I don’t think they have become burdensome yet, but I would expect that sometime in the first quarter of 2026, they will. You’ll start hearing reports that warehouses are full. You’ll start hearing reports that, from a cashflow perspective, whether it’s traders, whether it’s manufacturers, you have people who just need to dump inventory because they don’t have the cash flow to continue to hold inventory. Those are the things that drive markets to their lows. And so, if you think about the old saying: the cure for high prices is high prices, and the cure for low prices is low prices, that’s when you find out what the low price is, and then you go to that place that sends the strongest supply signal possible to suppliers that they need to cut back. Mike Brown: I was at a cattle show of all things this weekend and was talking with someone about feeding palm oil to get butterfat. His rule of thumb was that a pound of palm oil costs about a dollar, and you get about a 00:16:00 three-to-five-point increase in fat test from that. So, if you say 0.4 and you’re a 90-pound Holstein herd, that’s 0.36 pounds of fat. So, you’re paying a dollar to produce, there’s roughly 50, 60 cents worth of butter fat. So, we may start to see that come into conversations on rations. Josh White: And if we’re looking for optimism, I think that formula is pretty openly discussed in Europe as well. So, you’ve got a situation now where you have the on-farm milk price that is beginning to drop, the signals there that it needs to come down. It’s moving at a decent clip, to Diego’s point, maybe not enough to make any major change yet, but for planning purposes, things like feeding for fat might be a bit more vulnerable going forward there. So yeah, if we’re looking for what could start to correct our oversupply situation or what could potentially stabilize or support the market, we need time. I think that’s the most important thing that needs to happen, is we need time, and we need a milk price that curtails any additional production growth [00:17:00] for the moment so that demand can catch up. We talked about the U.S. situation and how the consumer spending situation doesn’t feel great. But globally, per capita butterfat consumption globally is growing. Per capita protein consumption is growing. We just need to give the demand time to catch up. Inventories might be starting to build, but they’re nowhere nearcumbersome. I would actually argue, our supply chain is still very thin. I wouldn’t even argue that we’re getting to a point where we’re normal by historical standards. I think that we have a pretty thin supply chain, and that’s everything from measurable inventory and reports, like cold storage reports and manufacturing stocks here in the U.S., but all the way through the pipeline. I don’t believe that many end users are sitting on excess product or have too many days in inventory. I think they’ve been quite comfortable buying hand-to-mouth. And the only product they’re being punished on right now for that is whey proteins. Ted Jacoby III: I think you’re right, Josh. I would agree with that statement. I think butter [00:18:00] is somewhat of an exception. Joe Maixner: I don’t know. Butter, it just depends on product mix, right? It’s CME eligible salted bulk. I think overall inventories are not burdensome. But we do have too much older CME-eligible salted bulk butter out there. Ted Jacoby III: That’s actually where I’m going, Joe. What do butter manufacturers do if they’re worried about having produced too many quarters and too many solids? They’ll just produce bulk. And so bulk is the overflow because they know the worst-case scenario, they can dump it onto the CME. And so that is where we end up with excess surplus, just like we get the same with a cheddar block in the cheese market. Josh White: How is international demand for U.S. butter at the moment, Joe, compared to where you would expect it to be and compared to where we were a few months ago? Joe Maixner: It’s steady right now. New inquiries are still coming in, but inquiries have lessened compared to a month or two ago; there’s a lot being made and shipping right now. International markets are starting to open their eyes to something other than [00:19:00] 82%. They’re starting to expand into the 80% because they are finally starting to realize that the numbers that they see on the futures don’t equate to the numbers they pay for an 82% product. And so anybody that’s really just using it for solids, for processing, is starting to convert, which is helping clean up some of that 80% salted butter, but it’s still not fast enough to really move the needle yet. Josh White: So, if the outlook for butterfat really doesn’t have any material upside in the near future, and we’re currently looking at Class III and IV prices, where they’re at, when do we start to impact the U.S. producer’s decision on making incremental milk beyond just the fat component? Are we close or are we still a long way away? Jacob Menge: Look at this Milk Production Report. We are up 268,000 head since June of 2024. That just keeps going up. There was an August revision of 71,000 head higher. The answer is a pretty [00:20:00] conclusive, not yet. I’m looking at the last time, September milk production beat the prior month, so beat August, which was 2001. And it just did that; September just beat August, and the last time it did that was 2001. Josh White: We’re not even talking about adjusted for components. Jacob Menge: That is correct. Joe Maixner: I can’t imagine that $16 to $17 Class III causes any worries right now for the farmers, with $4 corn and $1,200 feeder calves. Mike Brown: As long as you’re in a Class III market, if you’re heavy Class IV, your price isn’t $17. It depends on where you’re located, Joe. But for the most part, if you’re in a cheese market, it’s still decent. You’re right because the whey is also contributing a lot to that Class III price right now with a 70¢ whey market. Ted Jacoby III: Yeah. And the cows are all increasing in the states where there is increased processing capacity as well. Jacob Menge: These guys have had time to hedge this, and they still almost can hedge this, right? Going into later next year, where I think it’s gotta be at a point where they can’t hedge at a profit, and then you’ve [00:21:00] really got issues. Josh White: If we’re in a situation where the global economic outlook isn’t great, so that means we shouldn’t expect any major demand booms to pull dairy up We’re realizing supply growth in all major dairy surplus regions; the only correction for this is supply. And who’s the first to react? The obvious answer is it’s gonna be head-to-head with Europe and the U.S. Who breaks first? These are very, very different markets with different drivers, and they’re actually experiencing growth for different reasons related to the big picture, but different reasons. Europe just went through a situation where its butterfat carried the day. And butterfat was incredibly high, much higher than the U.S. price. They were an importer of fat from New Zealand, bringing in a noteworthy amount of product. And then now going into this year, they’ve seen a really significant drop, well below the support level that most traders would’ve held for butterfat. You assume [00:22:00] that they’re not gonna import a bunch of that product, forcing that product on the rest of the market. They’re going through a pretty negative situation right now as well. One thing you can’t forget about the European producer is that if you kill cows, it’s really tough to replace them, not for the same reasons we have in the U.S., that right now it’s just difficult to compete with beef. But they don’t wanna make those changes for a lot of regulatory reasons. So, they’re gonna hang on as long as possible. The U.S. model, we’re not in pain yet, generally speaking. Some smaller producers might look at higher beef prices and lower dairy outlook as an opportunity to exit. But there is way more structural expansion in motion or down the line that I think that train’s moving down the tracks. So, it’ll be really interesting to see if and who breaks first between the North American market and the European market. Ted Jacoby III: My hunch is it’s the U.S. market. I still think we’re a minimum of six months away, maybe even 12 to 18. Now there are signs, like you look at the Milk Production Report, the state of Washington is down [00:23:00] 8.5%. So, there are places where we are losing cows. Even though the majority of the country has gained cows recently, I would argue that with the drop in the butter price and the weakness in the nonfat market, California is the next one that I think will follow. They’ll struggle to get a decent milk price given that those are the two dominant price drivers for the California market. Diego Carvallo: But if you look at Idaho’s strongly up. So, it seems like a movement between Washington and Idaho. Ted Jacoby III: I think you could be right. Joe Maixner: California, their numbers this month were slightly higher than their peak production year 22. They’re on the uptrend. That’s a large ship that takes a while to turn around. Ted Jacoby III: I don’t disagree. I also think you’re still measuring against bird flu in California. You could argue that it may be a little artificially high. Joe Maixner: I actually questioned that because of the lower increase than I had anticipated for the September number, and bird flu didn’t actually start in California until October. So, we will see even larger increases next month forward in California. They [00:24:00] have that Class I plant that they opened as well out there. Mike Brown: They’re also getting hit with a big assessment, a lot of the producers out there, because the butter market changed, there’s been a lot of inventory loss, and that’s gonna hurt some producers as well. No one I talk to in California is worried about finding milk. They’re worried about finding a place to put it right now. Ted Jacoby III: I don’t think that’s isolated to being a California problem right now. Mike Brown: I would agree. You’re right. Ted Jacoby III: On that note, I think it’s a good time to wrap. Thanks, everybody, for joining us this week. Look forward to talking to you guys again soon. Thank you.

In this Week 42 edition of the GMS Weekly Podcast, we review another turbulent week in the global ship recycling markets, shaped by volatile currencies, a softening steel market, and shifting regional sentiment across India, Bangladesh, Pakistan, and Turkey. Global Market Overview Freight markets strengthened slightly as the Baltic Dry Index gained just over 1%, supported by Capesize, Panamax, and Dry segments. Oil prices continued to slide, closing near USD 57.38 per barrel, down 8% month-on-month and 18% year-on-year. Currencies stayed under pressure across the Sub-continent: the Indian rupee hovered near Rs 88.02 per USD, the Pakistani rupee weakened to PKR 283.6, the Bangladeshi taka slipped to BDT 122, and the Turkish lira traded close to TRY 42. Steel plate prices fluctuated across regions, with India around USD 389 per ton, Pakistan steady near USD 614, and Bangladesh holding around USD 519. Bangladesh After brief optimism, Chattogram slowed again. Local recyclers paused new purchases despite steel holding near USD 519 per ton and the taka weakening to BDT 122 per USD. Inventories continued to build while the market waited for political clarity and a new government direction. India Alang remained quiet as steel plates fell to USD 389 per ton and the rupee traded near Rs 88 per USD. Over 120,000 LDT of vessels arrived, but buyers mostly stayed away ahead of Diwali. Sentiment remains weak despite steady arrivals. Pakistan Inflation and cheaper Iranian steel imports pushed domestic plate prices down to USD 614 per ton. The rupee depreciated to PKR 283.6 per USD, and no yards have yet achieved Hong Kong Convention accreditation. Most buyers remain cautious and on hold. Turkey The Turkish lira closed around TRY 42 per USD. Offers were steady, but activity was limited as the year-end approaches and tonnage supply remains tight. Market Sentiment Volatility, inflation, and regulatory uncertainty continue to shape the global ship recycling landscape. India faces pricing pressure, Bangladesh is cautiously reawakening, Pakistan struggles with inflation and compliance, and Turkey stays muted.   For full details, vessel rankings, and port positions, download the GMS Weekly on our website or mobile app. Follow GMS on LinkedIn, Facebook, Instagram, and Twitter for daily updates.

The USDA is awarding $8.3 million in funding to help recipients address their trade barriers and expand international market access for U.S. specialty crops, and new data from the Energy Information Administration says American ethanol output dropped to a four-month low.

TD's Ghali: 'Silver Inventories Could Be Depleted Within Months' TD Securities' Daniel Ghali has been writing about how the silver market is heading towards a dislocation. But if you thought his paper this January about how we were sleepwalking into a silver squeeze was eye-opening, just wait until you see what he had to say in his latest report. Which of course Vince covers in this morning's show. And to find out more, click to watch this video now! - To find out more about the latest progress from Fortuna Mining go to: https://fortunamining.com/ - To get access to Vince's research in 'Goldfix Premium' go to: https://vblgoldfix.substack.com/ - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD) This video was sponsored by Fortuna Mining, and Arcadia Economics does receive compensation. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-fortuna-silver-mines/Subscribe to Arcadia Economics on Soundwise

Home sales are down. Prices are falling. Inventories are rising. Record number of cancelations. And this is for July, not just a prime sales month in real estate, also three months after the events April. Stocks are soaring and trade deals have been struck. Where are all the buyers? Eurodollar University's Money & Macro Analysis------------------------------------------------------------------------------------I'm excited to share something I've negotiated for you guys: you can now get a Glint Card for FREE (normally $10) just by registering with my code ‘SNIDER' or filling out the form on the page I've linked below.All the details and more about Glint are at https://partner.glintpay.com/eurodollar/. Don't miss out!------------------------------------------------------------------------------------Redfin News Home Purchases Are Getting Canceled at a Record Ratehttps://www.redfin.com/news/home-purchase-cancellations-july-2025/Bloomberg US New-Home Sales Exceed Forecast Following Upward Revisionhttps://www.bloomberg.com/news/articles/2025-08-25/us-new-home-sales-exceed-forecast-following-upward-revisionBloomberg US Homebuilder Sentiment Retreats as Buyers Lack Motivationhttps://www.bloomberg.com/news/articles/2025-08-18/us-homebuilder-sentiment-retreats-as-buyers-lack-motivationNAR Existing-Home Sales Report Shows 2.0% Increase in Julyhttps://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-2-0-increase-in-julyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUThis video was sponsored by Glint. Graphic representations of value are for illustrative purposes only. The Glint Debit card is issued by Sutton Bank, Member FDIC. The sale, purchase and storage of precious metals are offered by Glint, and not Sutton Bank. Your investment in precious metals through Glint is:-Not insured by the FDIC.-Not a deposit or other obligation of, or guaranteed by, Sutton Bank.-Subject to investment risks, including the possible risk of loss of the principal amount invested.All investments involve risk, including possible loss of principal. The value of precious metals is affected by many economic factors, including but not limited to the current market price, demand, perceived scarcity, and quality of the precious metal.  Precious metals can increase or decrease in value. Past performance is not a guarantee of future results. As such, investing in precious metals may not be suitable for everyone.Glint Pay Inc. is a U.S. based authorized Card Program Manager, not a bank. Banking services are provided by our partner Sutton Bank, Member FDIC. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Shoot us a Text.Episode #1124: Today we break down the latest Fixed Ops Golden Metrics, showing where service departments are winning and where there's room to grow. We also look at how dealer inventory has returned to pre-tariff “normal” levels, and why Atlantans are playing cancellation games just to ride in a Waymo robotaxi.The Fixed Ops Golden Metrics 2025 report from Reynolds and Reynolds highlights how service departments are stacking up in hours, labor rates, and RO profits—plus the big gains from technician efficiency tools.Dealers are grouped two ways—by urban classification (Major Urban, Metro, Community, Rural) and by 5 volume classes based on monthly customer-pay ROs: Class 1: 1,200.High-volume Class 5 stores topped 3,000 hrs/month. Major Urban averaged 1,613 hrs/month vs. Rural at 490. Major Urban led profit per RO at $414, Rural just $225. Class 1 averaged $400, dropping to $243 in Class 5.Using recommendation software added +0.5 hrs/RO, +$18 ELR, and +$62 profit/RO—worth $9K more profit/month for a 150-RO store.After months of tariff shocks and supply swings, dealer lots look familiar again. The average automaker now has a 73-day supply of new cars — right on the industry's long-term target.Lots once ran as high as 89 days of supply during early tariff panic.Inventories plunged to 66 days when 25% tariffs first hit but have since recovered.Despite costs, prices rose just 1.5% YoY as automakers and dealers absorbed tariffs.Some brands buck the trend: Toyota/Lexus are tight with just over a month of supply, while Ram and Land Rover sit on four months' worth.Waymo has expanded beyond its California and Arizona roots, bringing robotaxis to Atlanta. But there's a catch: you can only hail one through Uber, and it's not guaranteed.Riders can select “Prefer Waymo” in the Uber app, but often get matched with human drivers.Some Atlantans cancel ride after ride—one reporting 20 cancellations on average—just to snag a Waymo.Waymo has only dozens of vehicles in the city now, with plans to grow to hundreds in coming years.Riders can improve their odds by staying inside the 65-square-mile service zone, avoiding highways, and riding outside peak times.As one rider put it, “The fact that it's so challenging to get has turned it into a game.”0:00 Intro with Paul J Daly and Kyle Mountsier1:08 We'll be at the NAMAD Annual Meeting next week1:45 Webinar on Dealer Reputation Tomorrow2:26 Fixed Ops Golden Metrics from Reynolds and ReynoldsJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Platinum is quietly entering one of the most critical supply squeezes we've seen in years—yet hardly anyone is talking about it. Inventories are vanishing, lease rates are exploding, and major players like China are scooping up what's left. If you're serious about understanding where precious metals are headed next, this is a story you can't afford to ignore. Listen to the full breakdown now before the market catches on.   Platinum Market Squeeze: Platinum lease rates are soaring, signaling extremely tight physical supply globally. Inventories in London and Zurich are reportedly depleted, with NYMEX stocks down over 55% since April 2025. China's Platinum Demand: Despite claims to the contrary, China remains the top platinum consumer—driven by auto manufacturing, glass, and oil refining industries—and is likely absorbing Western inventories. Gold Price Surge on Political Rhetoric: Gold briefly spiked to $3,375 oz midweek after Donald Trump mentioned potentially firing Fed Chair Jerome Powell, before settling back to $3,350 oz. Gold to Silver Ratio Climbs: The ratio rose to 87 this week, with silver retreating slightly to $38.17 oz while gold strengthened—highlighting a potential opportunity for silver to catch up.  

Contraction of U.S. cattle supplies for beef.

Send us a textJoin Pat for a 3 part discussion of the State of The Nation's Housing in 2025 as prepared by the Joint Center for Housing Studies of Harvard University.This week in Part 1What is this report and who is JCHS?Big Picture - Home Prices are Up, as are Inventories, Barriers to Home Ownership Rise, Rental Demand is Strong, Housing Costs are Up Across the Board...The Future Is UncertainThe Housing Markets

Higher production. The driver behind USDA's look at 2025 dairy production and price forecast, as well as the initial outlook for the 2026 calendar year.

Texas Just Sent a Warning Shot to the Rest of the U.S. EconomyConsumer spending in Texas has collapsed, and the data from the Dallas Fed is worse than anyone expected. Retail sales activity fell off a cliff in May, hitting levels not seen since April 2020. Inventories are piling up, work hours are being slashed, and employers are cutting back.Is this just a Texas problem… or is it the first sign of a nationwide consumer retrenchment?In this video, we break down the shocking data, why it matters, and how it could ripple across the entire U.S. economy in the months ahead.If the U.S. consumer breaks, it's game over.Eurodollar University's conversation w/Steve Van Metrehttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Our guest on this week's episode is Keith Peterson, director of operations at The National Motor Freight Traffic Association. For many years, less-than-truckload motor freight has been classified by a complex and rather outdated system. That is about to change – starting in July the industry will begin listing freight commodities in a system that is more condensed and modernized. But, what will this new freight classification system mean for both carriers and shippers? Our guest explains.Many companies have been stockpiling extra inventory ahead of the implementation of new tariffs, but a new report this week shows that there can be possible downsides to that strategy. We share what they are and who is affected.Despite the economic uncertainty, a new report from DHL Express shows that small and mid-sized companies seem to be beating the odds. DHL Express surveyed more than 400 customers—all small or mid-sized businesses in the United States—and found that despite the prevailing economic turmoil, most are confident in their business outlook.Supply Chain Xchange  also offers a podcast series called Supply Chain in the Fast Lane.  It is co-produced with the Council of Supply Chain Management Professionals. All episodes are available to stream now. Go to your favorite podcast platform to subscribe and to listen to past and future episodes. The podcast is also available at www.thescxchange.com.Articles and resources mentioned in this episode:National Motor Freight Traffic Association U.S. firms stockpile goods ahead of tariffsReport: small businesses buck the oddsVisit Supply Chain XchangeListen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcastSend feedback about this podcast to podcast@agilebme.comPodcast is sponsored by: KardexOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITY

In this vAuto podcast, vAuto and Cox Automotive associate vice president Patrick Janes shares perspective on how dealers can address the impact of tariffs as they manage new and used vehicle inventories. Janes offers pointers to help you acquire inventory from customers in a supply-constrained market; ensure your new/used vehicle pricing keeps pace as the market moves; adjust your inventory/sales momentum as market demand shifts.

In this episode, we review the latest earnings results from the spirits industry (Diageo, Pernod Ricard, Brown-Forman, Campari, Rémy Cointreau, Becle, and MGP Ingredients). Alongside individual company results, we discuss the impacts of declining sales in the US, the surprising health of the European market, the challenges created by aging inventory and wholesaler inventory, an evolution in pack and pricing strategy, the severe impact of a retaliatory Chinese anti-dumping investigation into cognac, and, of course, the fallout from the Trump-initiated trade wars with the US, Mexico, Canada and the European Union.  Contact us via email: bourcard.nesin@rabobank.com Sign up for our research via this link: Knowledge.Rabobank.com Note: The content and opinions presented within this podcast are not intended as investment advice, and the opinions rendered are that of the individuals and not Rabobank or its affiliates and should not be considered a solicitation or offer to sell or provide services This episode was recorded on March 6, 2025. Things may have changed by the time you are listening to this podcast.

Ian Everard believes that the massive gold outflows from London and 10-year lows on silver inventories at the LBMA are converging to cause a squeeze on the bullion banks shorting the precious metals market that will leave them scrambling to cover. Ian also provides his thoughts on revaluing US gold reserves, auditing Fort Knox, current retail participation in gold and silver, and much more.Visit our sponsor, ARK Silver Gold Osmium: https://arksgo.comContact them at (307) 264-9441Ian@ArkSGO.comFollow Jesse Day on X: https://x.com/jessebdayCommodity Culture on Youtube: https://youtube.com/c/CommodityCulture

In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at the latest used combine pricing and inventory report from Sandhills Global.

David Morgan: "Not The First Time Silver Inventories Have Gotten Depleted" With all of the recent chaos in the silver market, David Morgan takes a look back at some of the historical comps to give a clearer picture of what some of the latest data is actually telling us. To find out more, click to watch the video now! - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Advisors on This Week's Show Kyle Tetting Tom Pappenfus Dave Sandstrom (with Max Hoelzl, Joel Dresang, engineered by Jason Scuglik) Week in Review (Jan. 27-31) Significant Economic Indicators & Reports Monday The Commerce Department reported a 4% gain in the annual rate of new home sales in December. Sales were up almost 7% from the year before and just below where they were heading into the COVID-19 pandemic. For perspective, the pace of sales - 698,000 a year – was half the peak rate in mid-2005 and represented about one-seventh of all home sales. The median sales price rose 2% from the year before to $427,000. Tuesday The Commerce Department said durable goods orders declined again in December, the fourth setback in five months, led by commercial aircraft. Compared to the year before, long-lasting factory orders were down 1.5% after shrinking 2.2% for the month. Excluding transportation equipment, orders rose 0.3% and were up 1.4% from the end of 2023. A proxy for business investment gained 0.5% from November and was up 0.6% from December 2023. Housing prices increased again in November, rising 3.8% from the year before, according to the S&P CoreLogic Case-Shiller national index. The gain compared to a 3.6% year-to-year advance in October, marking the first acceleration in nine months.  Since 1988, the average 12-month increase had been 2.7%, although it averaged 5.2% since 2000. Housing costs continued to outpace overall inflation, which reached 2.9% in December, based on the Consumer Price Index. The Conference Board said its consumer confidence index declined in December for the second month in a row, keeping toward the lower end of a sideways range that began in 2022. The business research group said its gauge sank broadly from November, led by a drop in attitudes toward labor conditions. Consumer responses avoided a measure historically tied to impending recession. Economists follow consumer confidence because consumer spending drives 70% of U.S. economic activity. Wednesday No major releases Thursday The U.S. economy grew at an annual pace of 2.3% in the fourth quarter, down from 3.1% in the previous three months. The Bureau of Economic Analysis said the deceleration in gross domestic product was led largely by a drop in business investments. Consumer spending rose at a 4.2% annual rate, the fastest since the first quarter of 2023. Government spending and a decrease in imports also boosted fourth-quarter growth.  Also slowing: Inventories, federal spending and residential spending. Compared to the fourth quarter of 2023 and adjusting for inflation, GDP rose 2.5% in 2024, down from 3.8% the year before. The four-week moving average for initial unemployment claims fell for the fourth time in five weeks. The average was 41% below the all-time average dating back to 1967. The Labor Department said 2.2 million Americans claimed jobless benefits in the latest week, down more than 1% from the week before but 9% higher than the same time in 2023. An early indicator of home sales declined in December after four months of gains. The National Association of Realtors' index of pending home sales dropped 5.5% from November and was down 5% from December 2023. The trade group said more home buyers are using cash, partly offsetting the deterrent of relatively high mortgage rates. At 74.2, the index of pending sales was more than 25% below what the association considers normal sales volume at the current population level. Friday The Bureau of Economic Analysis said consumer spending jumped 0.7% in December, the most since March and outpacing a 0.4% increase in personal income. Consumer spending is the driving force in gross domestic product, so the gain was another sign of economic resilience. The personal consumption expenditures index, which the Federal Reserve Board follows for inflation, rose 2.6% from December 2023,

Tune into this episode to hear from Lyle Kruse, retired vice president  of U.S. market development for Select Sires, Inc., about the importance of managing your replacement heifers. Learn about the challenges facing heifer management and how this impacts the future of the dairy industry. 

So many changes have happened from 2024 to 2025. We have a new President and a new administration. We have interest rates stabilizing. The stock market appears to be soaring. We also are experiencing changes in the real estate markets. Inventories are increasing. Companies are placing more demands on their employees to RTO (Return to the Office) versus WFH (Work from Home). All of these things had a direct impact on the market. Is there any way we can predict how these factor and more may affect the real estate market in 2025? The answer is…maybe. That's not a cop out, it's just that if we have learned anything, nothing[...]

In Garden Inventories: Reflections on Land, Place and Belonging (Wolsak and Wynn, 2023), author Mariam Pirbhai looks carefully at the pocket of land she has called home in Southern Ontario for the past seventeen years, which she notes is a milestone for her, and asks how long it takes to be rooted to a place? And what does that truly mean? Seeing the landscape around her with the layered experience of a childhood spent wandering the world, Pirbhai shares her efforts to create a garden and understand her new home while encouraging others to do reconsider the land on which they live, and how they treat it. The result is a delightful collection of essays that invites the reader to see the beautiful complexity of the land around us all in a new way. About Mariam Pirbhai: Mariam Pirbhai is an academic and creative writer. Her most recent work titled Garden Inventories: Reflections on Land, Place and Belonging (Wolsak & Wynn 2023), was a 2024 Foreword Indies finalist for nature/nonfiction, and received Honourable Mention for the 2024 Alanna Bondar Memorial Book Prize. Her novel titled Isolated Incident (Mawenzi 2022), won the 2024 IPPY Gold Medal for multicultural fiction and IPPY Silver Medal for Canadian regional fiction, and a debut short story collection titled Outside People and Other Stories (Inanna 2017), won the 2018 IPPY Gold Medal for multicultural fiction, and 2019 American Bookfest award for short fiction. Pirbhai is Full Professor of English at Wilfrid Laurier University, where she teaches and specializes in postcolonial studies and creative writing, and is the author of several academic studies on the literatures of the global South Asian diaspora. Pirbhai has served as President of CAPS (Canadian Association for Postcolonial Studies), Canada's longest-running scholarly association devoted to postcolonial and global anglophone literatures. Pirbhai lived in England, the United Arab Emirates and the Philippines, before her family settled in Canada. She lives and works in Waterloo, Ontario. About Hollay Ghadery: Hollay Ghadery is an Iranian-Canadian multi-genre writer living in Ontario on Anishinaabe land. She has her MFA in Creative Writing from the University of Guelph. Fuse, her memoir of mixed-race identity and mental health, was released by Guernica Editions in 2021 and won the 2023 Canadian Bookclub Award for Nonfiction/Memoir. Her collection of poetry, Rebellion Box was released by Radiant Press in 2023, and her collection of short fiction, Widow Fantasies, was released with Gordon Hill Press in fall 2024. Her debut novel, The Unraveling of Ou, is due out with Palimpsest Press in 2026, and her children's book, Being with the Birds, with Guernica Editions in 2027. Hollay is the host of the 105.5 FM Bookclub, as well as a co-host on HOWL on CIUT 89.5 FM. She is also a book publicist, the Regional Chair of the League of Canadian Poets and a co-chair of the League's BIPOC committee, as well as the Poet Laureate of Scugog Township. Learn more about Hollay at www.hollayghadery.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In Garden Inventories: Reflections on Land, Place and Belonging (Wolsak and Wynn, 2023), author Mariam Pirbhai looks carefully at the pocket of land she has called home in Southern Ontario for the past seventeen years, which she notes is a milestone for her, and asks how long it takes to be rooted to a place? And what does that truly mean? Seeing the landscape around her with the layered experience of a childhood spent wandering the world, Pirbhai shares her efforts to create a garden and understand her new home while encouraging others to do reconsider the land on which they live, and how they treat it. The result is a delightful collection of essays that invites the reader to see the beautiful complexity of the land around us all in a new way. About Mariam Pirbhai: Mariam Pirbhai is an academic and creative writer. Her most recent work titled Garden Inventories: Reflections on Land, Place and Belonging (Wolsak & Wynn 2023), was a 2024 Foreword Indies finalist for nature/nonfiction, and received Honourable Mention for the 2024 Alanna Bondar Memorial Book Prize. Her novel titled Isolated Incident (Mawenzi 2022), won the 2024 IPPY Gold Medal for multicultural fiction and IPPY Silver Medal for Canadian regional fiction, and a debut short story collection titled Outside People and Other Stories (Inanna 2017), won the 2018 IPPY Gold Medal for multicultural fiction, and 2019 American Bookfest award for short fiction. Pirbhai is Full Professor of English at Wilfrid Laurier University, where she teaches and specializes in postcolonial studies and creative writing, and is the author of several academic studies on the literatures of the global South Asian diaspora. Pirbhai has served as President of CAPS (Canadian Association for Postcolonial Studies), Canada's longest-running scholarly association devoted to postcolonial and global anglophone literatures. Pirbhai lived in England, the United Arab Emirates and the Philippines, before her family settled in Canada. She lives and works in Waterloo, Ontario. About Hollay Ghadery: Hollay Ghadery is an Iranian-Canadian multi-genre writer living in Ontario on Anishinaabe land. She has her MFA in Creative Writing from the University of Guelph. Fuse, her memoir of mixed-race identity and mental health, was released by Guernica Editions in 2021 and won the 2023 Canadian Bookclub Award for Nonfiction/Memoir. Her collection of poetry, Rebellion Box was released by Radiant Press in 2023, and her collection of short fiction, Widow Fantasies, was released with Gordon Hill Press in fall 2024. Her debut novel, The Unraveling of Ou, is due out with Palimpsest Press in 2026, and her children's book, Being with the Birds, with Guernica Editions in 2027. Hollay is the host of the 105.5 FM Bookclub, as well as a co-host on HOWL on CIUT 89.5 FM. She is also a book publicist, the Regional Chair of the League of Canadian Poets and a co-chair of the League's BIPOC committee, as well as the Poet Laureate of Scugog Township. Learn more about Hollay at www.hollayghadery.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/literature

The holidays are the busiest time of the year for many of us. Our calendars are so weighed down you can almost see the activities dripping off the paper. But in spite of all the busyness, we still need some quiet time to regroup and refresh. That's where Audits and Inventories can help. But these aren't your typical audits and inventories of what you still need to do or the contents of your cabinets. Listen in and discover different types, and how they can help you learn to slow down and enjoy your simple life!Send us a textSupport the showThe Farm Wife (website)Let's Visit! (email)Amazon Shop PageGreat Products by The Farm Wife:The Simple Life WorkbookSimple Life Home Finance BundleThe Art of HomemakingFind other helpful Simple Life Products in The Farm Wife ShopDo you want to learn more about living a simple life? Then a great place to start is with the books in my Simple Life Series! Living a Simple Life on the Farm (my story) The Search for a Simple Life How to Cook a Possum: Yesterday's Skills & Frugal Tips for a Simple Life (don't worry – this isn't a cookbook!)Faith & a Simple Life

For more than 30 years, Circana has conducted extensive audits of the food items found in America's kitchens, from spice cabinets and pantries to refrigerators and freezers. Results from the 2024 audit reveal our kitchens have fewer items, pointing to our growing desire for convenience. Darren Seifer, industry advisor, consumer goods & foodservice insights at Circana, shares observations on changing behaviors and opportunities to meet consumer needs.  Highlights:  Consumers are keeping around 140 items in their kitchen, down from 160 in 2020.  There's been an uptick in heat-and-eat solutions. Kitchen appliances such as air fryers and pod coffee makers are responding to the need for speed.  Conversely, there's been a decline in food appliances like deep fryers or coffee grinders.  Manufacturers of CPG items and appliance makers have an opportunity to support the success of meals, with proper temperature cooking, simplified recipes, and products that deliver flavor and convenience. 

In this week's episode of FTR's Trucking Market Update podcast, we consider a range of impacts on trucking from the election of President Trump. We also examine data on international trade in goods, wholesale inventories and sales, and nonresidential construction. Plus, we recap the week in diesel prices and the spot market for truck freight.The Trucking Market Update is hosted by FTR's Vice President of Trucking, Avery Vise. As this information is presented, you are welcome to follow along and look at the graphs and indicators yourself by downloading the presentation.Download the PDF: https://ftrintel.com/trucking-podcast Support the show

Feeling overwhelmed by financial disclosures during divorce cases? Learn how to streamline the process and make your case rock-solid with insights from the pros!In this episode, Holly Draper and Carrie Tapia, partners at The Draper Law Firm, delve into the intricacies of effectively managing financial documents for mediation and court. They explore common pitfalls and offer practical strategies for attorneys and clients alike, all while uncovering the nuances of financial preparation in family law cases.In this episode, you'll discover:How to identify and manage sudden separate property claims made during mediation.The crucial role of accurate document labeling and proper format submission.Why valuing non-statement assets like houses and cars requires a cautious approach.The complexities of business valuations and when to seek expert opinions.Proven strategies to keep financial inventories up-to-date and reliable.

Stellantis Executive Director & CEO Carlos Tavares discusses EV makers demand from the European Governments, affordable price, inventories in the US and the company's pillars of strategies to "bring a lot of competitiveness to the market." Tavares spoke to Bloomberg's Lisa Abramowicz and Jonathan Ferro from the sidelines of the Paris auto show. See omnystudio.com/listener for privacy information.

The latest in business and financial news and how it impacts your portfolio, reported by CNBC's Peter Schacknow

In this podcast, FTR's Eric Starks and Justin Paris recap what they learned on Truck Equipment Day of the FTR Transportation Conference 2024. Some of their takeaways:It's not a great market, but people seem to believe we are at the bottom and are cautious but looking forward.Inventories are very high all around.People are trying to figure out what they need in low-emission and zero-emission vehicles in the future.  There are a lot of unknowns.Support the show

James and Will discuss weak U.S. ISM manufacturing. New orders fell to 44.6 points from 47.4 in July, experiencing contraction for the 3rd straight month. The prices paid index jumped to 54.0 points from 52.9 in July, expanding for the 8th month in a row. Inventories unexpectedly surged the most in the past decade.There's weak employment data out of the U.S. with just 142k jobs created in August. Full-time work is rapidly decreasing (-438k), while part-time work is up (+527k). An All-Time High (464,000) Americans are now working 2 full-time jobs.German IP is now 9.5% below February 202, Nvidia has dropped 28% since its peak and New Zealand house prices fall for the sixth consecutive month. Key data releases this week are:Tuesday - U.K. employment, IP, monthly GDPWednesday - U.S. CPIThursday - U.S. PPI, ECB rate decision (25bp cut fully expected)Friday - U.S. consumer confidence, Chinese money supply

The Biden administration has finalized guidance for federal agencies' 2024 artificial intelligence use case inventories. While much of the document remains the same as the draft, the final version includes several changes, such as narrowing the scope of excluded use cases and adding a section on deadline extension requests for compliance with risk management practices. The guidance also establishes a clear deadline for inventories to be submitted to the White House Office of Management and Budget: Dec. 16, 2024. Meanwhile, five leading software and tech advocacy organizations are urging Senate and House leadership to pass bipartisan, bicameral legislation aimed at improving federal agency oversight and management of software purchases before this congressional term comes to a close. In a letter shared exclusively with FedScoop, the tech groups urged Senate Majority Leader Chuck Schumer, D-N.Y., Minority Leader Mitch McConnell, R-Ky., House Speaker Mike Johnson, R-La., and Minority Leader Hakeem Jeffries, D-N.Y., to take action on the Strengthening Agency Management and Oversight of Software Assets Act by the end of this session, referring to the bill to bolster transparency and communication in IT spending across federal agencies as “must-pass legislation.” The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on on Apple Podcasts, Soundcloud, Spotify and YouTube.

Aug. 8, 2024 | Sonic calls out ‘ridiculous' inventories; Nissan's David Johnson by Automotive News

Furniture Industry News - Show NotesDate: August 2, 2024Episode HighlightsMarket Overview:New Residential Furniture Orders:Decline: 3% drop in May, second decline in 12 months.Previous Increase: 22% rise in April.Year-to-Date: 6% increase overall.Shipments & Backlogs: Shipments down 4%, backlogs decreased by 6%.Inventories & Employment: Slightly lower than 2023, stable operational levels.Economic Sentiment: Cautious optimism among consumers amid mixed economic indicators.Company Performances:Mattress Firm:Sales Stability: Maintained stable sales in Q3.Profit Surge: 71.2% increase in net income ($32.2 million).Revenue: $981.7 million.Conn's Inc.:NASDAQ Delisting: Following Chapter 11 bankruptcy.Stock Suspension: Effective August 6.Financial Struggles: Aims to reduce expenses and maximize estate value.Leggett & Platt:Net Loss: $602.1 million in Q2.Market Demand: Sluggish in bedding and furniture.Restructuring Plan: Closing 15-20 factories, focusing on core businesses.Ethan Allen:Sales & Income Decline: 10% drop in Q4 sales ($168.6 million).Gross Margin: 60.8%.Financial Health: Cash and investments at $195.8 million.Dividends: Special cash dividend of 40 cents per share.Havertys:Revenue & Income Decline: 13.4% drop in Q2 sales.Challenges: Continued economic difficulties.Sleep Number:Financial Improvement: Despite 11% drop in net sales, increased gross margin and reduced expenses.Free Cash Flow: Significant increase.Wayfair:Revenue Decline: 1.7% drop to $3.1 billion in Q2.Customer Gains: Active customers up to 22 million, repeat orders at 81.7%.Amazon:Sales Increase: 10% rise in net sales to $148 billion in Q2.Online Sales: 5% increase to $55.4 billion.AWS Growth: 19% year-over-year increase in Amazon Web Services.Beyond Inc.:Debt Reduction Focus: Improving cash flow, global loyalty program, and liquidation business ramp-up.XPO:Revenue Rise: 8.5% increase in Q2, driven by North American market yield.Operating Income: Jump to $197 million from $107 million last year.North American LTL Revenue: 12% rise to $1.27 billion.Industry News:Amish Furniture Manufacturer:Operations Cease: Indiana-based small manufacturer closing this fall.Conclusion:Stay tuned and subscribe for more updates on the furniture industry.

A few weeks ago we spoke about the surge in residential real estate in parts of Florida. Inventories are up in several markets. But we are also seeing a surge in condos appearing on the market in South Florida. In fact, the condo sale inventory is up 90% in South Florida and the volume of transactions has fallen through the floor. The number of sale transactions was the lowest it has been since 2012 which was at the bottom of the GFC.  We now have 8 months of inventory for condos as compared with last year and the sales statistics for 2024 to date are even lower than 2023.  Naples Florida has 12.5 months of supply in the condo market compared with 3.8 months at the same time last year. Active inventory is up 204%.  Sarasota has 3,600 condos for sale, an increase of 87% compared with the same time last year. Tampa has a 6100 condos for sale. These numbers were not seen since 2011.  The redneck Riviera is also seeing a surge in inventory. Pensacola's inventory is up 148%. Destin has 11.7 months of inventory.  We're talking strictly the condo market.  But Florida has a unique situation. If you remember the Surfside condo building that collapsed three years ago killing 98 people, the state of Florida implemented two new sets of regulations aimed at improving the safety of condo buildings. The first regulation instituted mandatory engineering inspections of condo buildings on a prescribed schedule.  The second regulation implements a strict set of guidelines for the condo corporation's reserve fund.  These two factors are causing condo fees to increase, on top of the rising expenses associated with insurance. This is resulting in special assessments of in many cases tens of thousands. ----------------- **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Today, we're diving into the importance of taking regular inventories of our sobriety journey. Regular self-reflection is a powerful tool for maintaining balance and fostering growth.Why are regular inventories crucial? How do we conduct them effectively? And what benefits can we expect from making them a routine part of our lives?Join us as we unpack these questions and more, helping you stay proactive and balanced in your recovery. This episode is a must-listen for anyone looking to strengthen their sobriety and overall well-being.

For the video of this podcast: Bringing Agility to the Modern Security Operations Center  Follow FedInsider on LinkedIn  Today, we look at protecting critical infrastructure called Operational Technology (OT). One might think, what does a sensor in a water filtration plant have to do with my servers? OT can be considered as hardware on premises. Some are old and it is quite expensive to update. For years, IT leaders did not have to worry about security because IT and OT were separated by air gaps. However, today we see a convergence where the IT department is being placed in charge of protecting both IT and OT. The first challenge to overcome is discovering what is on your network. We are looking at physical devices, virtual devices, and virtual devices in the cloud. Inventories need to be tracked, and some will argue the cloud will permit IT/OT systems to be easier to be configured in an automated fashion. During this interview, compliance is a topic that is discussed in depth. We all know about IT compliance like NIST 800-53; few realize that OT has federal compliance regulations as well. The real issue, should an OT systems administrator have to do repetitive work to comply with IT mandates? Marty Edwards from Tenable remarked that he has seen up to 80% similarity in compliance standards. As a result, today, committees are meeting to make sure they can eliminate redundance in compliance for OT vs. IT. Malicious actors are always looking for the “Easy Button” when it comes to system penetration.  If federal leaders aren't careful, remote sensors can provide a launch pad for the next cyber event.    

June 15, 2024 | Weekend Drive: Retail intelligence report; ballooning inventories by Automotive News

Markets start the month with support sustained at the 20-DMA, although consumer spending is weakening, with retrenchment in Restaurants. Inventories are high while spending is slackening. The cure for inflation is high prices. Markets break thru 20-DMA on Friday, but rally before the close. Sell signal is restricting upside. The market momentum chase is on...which is fine until the music stops. Noting investing cycles vs market cycles and the problem with dividend investing strategy. Public Debt: Productive vs non productive: Can the AI boom bail us out? Why James Grant is wrong about debt and interest rates (a preview). How AI could save us from "bad" debt with electric grid infrastructure improvements. A note about forecasting GDP & Interest Rates. SEG-1: Setting the Table for June SEG-2: Surviving the Momentum Chase SEG-3: Investing Cycle, Market Cycles. & Dividend Strategies SEG-4: Why James Grant is Wrong about Debt and Interest Rates Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=o8nCiHEJSjg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=6s ------- Articles mentioned in this report: "Momentum Chase Is On. What Happens Next?" https://realinvestmentadvice.com/newsletter/ ------- The latest installment of our new feature, Before the Bell, "Is Weaker Pricing Ahead?" is here: https://www.youtube.com/watch?v=rL-48uLmZfA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Should You Borrow Against Your 401k?" https://www.youtube.com/watch?v=zaFHcrYr414&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MomentumInvesting #ValueInvesting #InvestmentStrategy #Timing #MarketTrends #FinancialAdvice #StockMarket #TradingStyles #InvestingApproaches #MarketTiming #InvestmenTiming #FinancialMarkets #InvestmentTypes #InvestingPrinciples #InvestmentOpportunities #StrategicInvesting #TimingMatters #MarketAnalysis #Markets #Money #Investing

Markets start the month with support sustained at the 20-DMA, although consumer spending is weakening, with retrenchment in Restaurants. Inventories are high while spending is slackening. The cure for inflation is high prices. Markets break thru 20-DMA on Friday, but rally before the close. Sell signal is restricting upside. The market momentum chase is on...which is fine until the music stops. Noting investing cycles vs market cycles and the problem with dividend investing strategy. Public Debt: Productive vs non productive: Can the AI boom bail us out? Why James Grant is wrong about debt and interest rates (a preview). How AI could save us from "bad" debt with electric grid infrastructure improvements. A note about forecasting GDP & Interest Rates. SEG-1: Setting the Table for June SEG-2: Surviving the Momentum Chase SEG-3: Investing Cycle, Market Cycles. & Dividend Strategies SEG-4: Why James Grant is Wrong about Debt and Interest Rates Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=o8nCiHEJSjg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=6s ------- Articles mentioned in this report: "Momentum Chase Is On. What Happens Next?" https://realinvestmentadvice.com/newsletter/ ------- The latest installment of our new feature, Before the Bell, "Is Weaker Pricing Ahead?" is here:  https://www.youtube.com/watch?v=rL-48uLmZfA&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Should You Borrow Against Your 401k?" https://www.youtube.com/watch?v=zaFHcrYr414&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MomentumInvesting #ValueInvesting #InvestmentStrategy #Timing #MarketTrends #FinancialAdvice #StockMarket #TradingStyles #InvestingApproaches #MarketTiming #InvestmenTiming #FinancialMarkets #InvestmentTypes #InvestingPrinciples #InvestmentOpportunities  #StrategicInvesting #TimingMatters #MarketAnalysis #Markets #Money #Investing

Pierre Andurand made his name trading oil and other energy-related assets, but wild swings in the price of cocoa have recently lured the founder of Andurand Capital Management into a new market. He bet on cocoa earlier this year and saw the trade pay off as the price of the beans surged to a record $12,000 a ton. Prices have since fallen back to around $7,800, but Andurand sees scope for further upside as extreme deficits in the building blocks of chocolate loom. In this episode, we talk about how he entered the cocoa market, how he formed his investment thesis, and potential interest in other soft commodities, like coffee and orange juice. We also talk about copper, where a similar story of structural shortages is now playing out in prices.See omnystudio.com/listener for privacy information.

Stocks close mixed; inventories higher than this time last year; rent growth outpaced wage growth since 2019; Uber, Lyft bookings rise.

This week on Down the Garden Path, Joanne Shaw welcomes author Mariam Pirbhai to the podcast to discuss her creative nonfiction book, Garden Inventories: Reflections on Land, Place and Belonging. About Mariam Pirbhai Mariam was born in Pakistan and lived in England, the United Arab Emirates and the Philippines before her family immigrated to Canada in the late 1980s. She completed her Ph.D. in English at the University of Montreal and received the Governor General's Gold Medal. Mariam lives and works in Waterloo, where she enjoys photographing and painting the natural landscapes of southwestern Ontario. An English professor at Wilfrid Laurier University, Mariam also wrote the award-winning short story collection Outside People and Other Stories, and the novel titled Isolated Incident. Here are some of the topics we covered in this episode: Her journey through the landscapes of her life on her way to her current home How her travels in the past shaped the gardener she is now Her innate understanding of gardening meant that trees in the garden should produce fruit How her search for a fruiting mulberry tree proved challenging How the increased time spent in nature during the pandemic made her more aware of the plants in nature versus what we historically have been cultivating in our gardens Her deep dive into invasive plants What belongs and doesn't belong in the garden The removal of a large amount of Buckthorn trees from the property How it opened up a new area for her garden to expand Where you can find Mariam Pirbhai: Website: www.mariampirbhai.ca Instagram: @mariampirbhai Facebook: Mariam Pirbhai  Find Down the Garden Path on Instagram, Facebook, and YouTube: @downthegardenpathpodcast. You can also email your questions and comments to downthegardenpathpodcast@hotmail.com, or connect with Joanne via her website: down2earth.ca Down the Garden Path Podcast On Down The Garden Path, professional landscape designer Joanne Shaw discusses down-to-earth tips and advice for your plants, gardens and landscapes. As the owner of Down2Earth Landscape Design, Joanne Shaw has been designing beautiful gardens for homeowners east of Toronto for over a decade. She does her best to bring you interesting, relevant and useful topics to help you keep your garden as low maintenance as possible.  In Down the Garden Path: A Step-By-Step Guide to Your Ontario Garden, Joanne and fellow landscape designer Matthew Dressing distill their horticultural and design expertise and their combined experiences in helping others create and maintain thriving gardens into one easy-to-read monthly reference guide. Get your copy today on Amazon. Don't forget to check out Down the Garden Path on your favourite podcast app and subscribe! You can now catch the podcast on YouTube.

On this week of Serious Privacy, Paul Breitbarth of Catawiki and Dr. K Royal of discuss a fundamental part of a successful privacy / data protection program - data inventories or mapping - records of processing activities. We also switched it up on you a little... Paul asks his very first unexpected question. If you have comments or questions, find us on LinkedIn and IG @seriousprivacy @podcastprivacy @euroPaulB @heartofprivacy and email podcast@seriousprivacy.eu. Rate and Review us! Proudly sponsored by TrustArc. Learn more about NymityAI at https://trustarc.com/nymityai-beta/ #heartofprivacy #europaulb #seriousprivacy #privacy #dataprotection #cybersecuritylaw #CPO #DPO #CISO

Landaas & Company newsletter  April edition now available. Advisors on This Week's Show Kyle Tetting Dave Sandstrom Tom Pappenfus (with Jason Scuglilk, Joel Dresang) Week in Review (March 25-29) Significant Economic Indicators & Reports Monday The annual rate of new home sales declined slightly in February but stayed ahead of the year-ago pace, the Commerce Department reported. The sales rate of 662,000 new houses was below the pre-COVID pace for the seventh month in a row. Inventories rose marginally, and the median sales price - $400,500 – dropped almost 8% from February 2023. Tuesday Demand for long-lasting manufactured goods rose in February for the first time in three months, according to the Commerce Department. Orders for durable goods were up 1.4% from January and 1.8% ahead of orders in February 2023. Excluding volatile transportation orders, demand increased 0.5% from January and was up 3.2% from the year before. Orders for core capital goods, a proxy for business investments, also advanced. The annual gain in housing prices accelerated to 6% in January, the seventh consecutive increase. According to the S&P CoreLogic Case-Shiller home price index, broad-based price gains continued despite the head winds of higher borrowing costs. The year-to-year increase in January was the highest since November 2022. The Conference Board said its consumer confidence index was essentially unchanged in March, with survey respondents improving their views of current conditions while taking a dimmer view of the future. The business research group offered some mixed signals, reporting that people continued to fret over higher prices while their expectations for inflation remained near four-year lows. Consumers' expectations for recession continued to weaken at the same time an index reading associated with recession worsened. Wednesday No significant releases Thursday The U.S. economy rose at an annual pace of 3.4% in the fourth quarter of 2023, according to a final estimate of the gross domestic product. The growth rate was up from 3.2% in the previous estimate by the Bureau of Economic Analysis, mostly because the annual rate of consumer spending grew by 3.3%, instead of the earlier estimate of 3%. Economic growth also rose faster from more commercial investments than initially estimated. The four-week moving average for initial unemployment claims fell for the first time in three weeks to reach 42% below the 57-year average. The indicator from the Labor Department suggested employers remained reluctant to let workers go. The same report showed 2 million Americans were claiming unemployment compensation in the latest week, down nearly 3% from the week before and up 7% from its level the year before. The National Association of Realtors said its pending home sales index rose nearly 2% in February, though it was down 7% from the year earlier. The trade group said sales contracts in the Northeast and West fell for the month because housing prices were rising faster than incomes. Nationwide, the group predicted increasing inventory because of more newly built structures on the market and because of pent-up desires by many homeowners to move. The University of Michigan's longstanding measure of consumer sentiment rose marginally in March, staying about midway between its pre-pandemic level and its record low in 2022. The survey-based index suggested consumers were feeling better about their personal finances because of increased confidence that inflation was easing. The university said it expected sentiment to be on hold until later in the election season. Friday By far the biggest driver of the U.S. economy, consumer spending, rose 0.8% in February, the biggest jump in 13 months. Spending outpaced the 0.3% gain in personal income for February, resulting in a drop in the personal saving rate to 3.6% of disposable income from 4.1% in January. The Bureau of Economic Analysis also reported that the Fede...

According to Reuters, U.S. wholesale inventories fell more than initially thought in January of 2024, which could negatively impact economic growth estimates for the first quarter. Inventories dropped 0.3% instead of dipping 0.1% as estimated last month.  At January's sales pace it would take wholesalers 1.36 months to clear shelves, up from 1.34 months in December.So what does this mean for wholesale manufacturers and distributors? How does it affect your bottom line when it takes longer to turn over your inventory, or longer to get inventory in your warehouse? And what can you do to mitigate the risk and the cost,On this week's episode, Tom and Kevin and joined by Mike Mortensen, CEO of ARG Industrial, to get deep insights to these issues and more. We also take a look at how risk is becoming the "new normal" for the global ocean shipping industry that handles 80% of global trade, as well as how developments in generative AI could create more rapid change in the workplace and the economy than previous waves of tech advances.Join the conversation each week on LinkedIn Live.Want even more insight to the stories we discuss each week? Subscribe to the Around The Horn Newsletter.You can also hear the podcast and other excellent content on our YouTube Channel.Follow us on Facebook, Twitter, Instagram, or TikTok.

Today's big question: With heifer inventories at historic lows and global milk production trending lower in 2024, we seem to be poised for better milk prices compared to 2023, so what's your action plan to capitalize on this opportunity? If this question has you thinking, you've come to the right place, because Curtis Bosma is joining us for the HighGround Dairy Monthly Market Update. In this episode, hear more about: The supply update for heifer inventory & global milk production The demand update for milk spot basis, credit card debt & milk fat New crop balance sheets for corn and soybeans This episode is brought to you by HighGround Dairy HighGround Dairy provides global dairy market intelligence, insurance services, futures & options brokerage, and advisory programs to a diverse range of dairy market participants throughout the supply chain. Curtis Bosma is vice president of producer services for HighGround Dairy. You can download your own producer market update here: ⁠https://www.highgrounddairy.com/comprehensive-gdt-auction-analysis-20-february-2024/

155: Dr. Pam Kastner walks us through the wonderful complexity of the English language and explains why spelling inventories are a powerful tool for informing instruction.Click here for the show notes from this episode.Looking for printable resources that align with the science of reading? Click here to learn more about our popular and affordable membership for PreK through 3rd grade educators.Connect with Anna here! Blog Instagram Facebook Twitter (X)

OUTLINE of today's show with TIMECODES Child trafficking, abortion full term, adrenochrome, baby body parts sold — what's real, why are they focusing on some things and not others? What's the agenda? What are they building up to with all the attention? (2:07)Why is child trafficking going so viral now? Is it just the movie "Sound of Freedom" or is there something else? (23:25)Maine Legalizes the Child Trafficking That's Ignored Maine gives the green light to one of the most most heinous forms child trafficking? (28:54)Disney embellishes the story of the woman who hid Anne Frank and her family from the Nazis. They change her brother, a person in real life, into a homosexual because… (32:20)After taking a lot of heat from both Republicans and Democrats who said he's worse than Trump for releasing an ad showing Trump injecting LGBT into culture, DeSantis campaign doubles down with an ad about the attacks on children, parents, family and the lockdown (42:03)Media Gasps — Chinese Kids are Playing with Toy Guns. Remember When Americans Did That?They put pictures of kids playing with toy guns on social media. Not allowed in USA — but Drag-to-Hell trannies playing with kids are fine. The training is not strictly child's play and they're training to kill Americans, we're told (50:10)Beach Boys concert — will they have to change "Surfer Girl" to "TERF-er Girl"? (1:04:27)Christian photographer, Amber Faith Photography, getting review-bombed for not catering to LGBT demands (1:09:29)Robert Downey, Jr (who effusively praises Biden) says his movie "Oppenheimer" proves that men start wars and the world should be run by a matriarchy and an Arch-Grifter, who goes by the title Archbishop of CoE, says "Our Father" in Lord's Prayer is problematic example of patriarchy (1:17:00)New levels of Climate MacGuffin hysteria about "cases", "excess deaths", "vulnerable elderly". And a close look at how NASA rigged their phony computer models for climate just as Imperial College of London did for their "pandemic" (1:29:36)People are STILL getting multiple boosters and multiple "re-infections" and at least one American university is DEMANDING students get vaxed & boosted (1:49:11)Should there be a death penalty for the FDA? RFKj said corporations who are criminally fraudulent should get a corporate death penalty", e.g. dissolution. Shouldn't we do the same for bureaucracies? (1:59:20)INTERVIEW Exposing the "Hospital Death Protocol" Desc: It wasn't just the jabs that killed (and are killing) and one group is fighting back with billboards, databases and lawsuit.Carolyn Blakeman, Media Director and Legal Liaison for the FormerFedsGroup Freedom Foundation FormerFedsGroup.org, and the "Covid-19 Humanity Betrayal Memory Project" CHBMP.org where you can find archives for those killed by the death protocol (2:01:42) EV's are selling slowly. Luxury EV's are not selling at all. Inventories of traditional internal combustion engine cars are low. Toyota says Biden's dictates are "unrealistic", French car maker Renault says we will be increasingly held captive to China and says France will be "paralyzed". Yup, the plan. (2:41:27)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT