Daniel Basse

Taking a look at the closing grain and livestock numbers for this Monday, October 12th, 2026.

I'm Jamie Dickerman on the Red River Farm Network, checking in with Dan Basse with Ag Resource Company.

And, uh, Dan, kind of a, uh, subdued day compared to what we had on Friday with that, uh, with that report there.

Really kinda threw a curveball into the market.

So we'll see how this all, uh, washes out as we get through the week.

But with USDA closed, we, we tend to be quieter here in Chicago.

Closing market analysis from Dan Basse of Ag Resource Company in Chicago.

I'm Jamie Dickerman on the Red River Farm Network.

We have a lot of milk to move, and our only outlet right now has been the export market because domestic demand has been lackluster at best.

What needs to change in the short term to see higher milk prices? Dan Basse, who is the founder and president at Ag Resource Company, says the industry has to rethink where the money is made.

He says that we're gonna have to stop having milk as a residual.

He says that right now, today, we raise a cow, we get a black calf.

Right

... uh, this weekend, and it features Mike North, it features Dan Basse, and it features Greg Daud.

Uh, so-

Quite the lineup

There are quality differences, very much so, within that ground beef category, and it's something that creates a lot of sales opportunities for the beef side of the business and ultimately adds a lot of dollars back into, um, you know, those, those premiums that go into, uh, to those processor paid premiums for producers.

Post-tour, everyone came back to the hotel and had the opportunity to kick off the, the session portion of Feeding Quality Forum, and that first session was a global market overview with Dan Basse of Ag Resource Company.

Were there any highlights from that session that you feel like our listeners need to hear about?

Yeah, Dan is always such a highlight.

U.S. Soy, 35 years of delivering value back to the farm and investing in the future of agriculture.

From volatile commodity markets to trade uncertainty and the ongoing squeeze on farm margins, there is a lot for American agriculture to navigate right now.

And few people have watched those markets more closely than Dan Bassey.

He's president of AgResource Company, a Chicago-based agricultural research firm that analyzes global grain, livestock, and commodity markets.

Dan joins us now to talk about these issues facing our producers.

But again, the American farmer needs certainty and Farm Bill would provide that.

More importantly, we need to get this voluntary E15 across the finish line so that we can build that 2.6 billion bushels of corn demand, which looks probable over the next few years with high fuel prices.

That's Dan Bassey with AgResource.

We'll have details today on AgriTalk.

Our guest market analyst is Dan Basse with Ag Resource Company.

Later on, Luke Wells with Professional Ag Marketing has analysis of today's quarterly hogs and pigs report.

Oliver Sullivan, Blue Line Futures, has our midweek cash grain update right after the news with Bill Watts, pro-farmer editor.

Thanks so much.

Oliver Sokula in the future.

Dan Basse joins us next.

If your cornfield could talk, what would it say? I know that my field would ask for Pioneer brand corn by name.