FOB
42
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20
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14
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Search complete. 42 mentions across 20 episodes found for "FOB".
Sep 8, 2026
speaker_1HOST
Let's start with the gold standard.
speaker_1HOST
FOB, free on board.
speaker_1HOST
The supplier pays to truck the goods to the Asian port, clear export customs, and load the container onto the vessel.
AnitaHOST
So FOB Shanghai means the factory handles everything up until that container is physically on a ship in Shanghai.
AnitaHOST
Then I take over.
AnitaHOST
I control the ocean carrier rates, insurance, and transit to my warehouse.
speaker_1HOST
You are entirely powerless, waiting for a vendor halfway across the world to fix a global logistics problem.
AnitaHOST
Ah, I see.
Louise GartnerHOST
Russia's been pushing their exports north to the Baltic ports, but it's very expensive to do that.
Louise GartnerHOST
The FOB offers coming out of the Black Sea are still running around $210 a ton, but up at the Baltic ports are $263.
Louise GartnerHOST
So clearly that is supportive to the broader world market as well.
Louise GartnerHOST
They're also removing any export tax on grain exports, trying to get the FOB offers as low as they can.
Louise GartnerHOST
But the best way to do that is to open up a grain corridor.
Louise GartnerHOST
And that would help both Ukraine and Russia.
Wes IshmaelHOST
according to the Agricultural Marketing Service.
Wes IshmaelHOST
Last week, FOB live prices were $218 to $222 a hundredweight, which was $4 to $7 lower in Nebraska and $3 to $7 lower in the Western Corn Belt.
Wes IshmaelHOST
Dressed to litter prices were mostly $3.45, which was $10 to $11 lower.
Wes IshmaelHOST
Last week's weighted average five area direct FOB live fed steer price was $5.76 lower at $2.1925.
Wes IshmaelHOST
The weighted average dress delivered fed steer price was $10.12 lower at $3.4542.
Wes IshmaelHOST
Choice box beef cutout value was $0.41 lower Monday afternoon at $375.82 hundredweight.
Jerome SamGUEST
Right.
KofiHOST
And then also give farmers 70% of the FOB price.
Jerome SamGUEST
Right.
KofiHOST
I want you to walk us through the new bill.
Jerome SamGUEST
His Excellency John Dramani Mahama made a promise to the cocoa farmers, which became a pact.
Jerome SamGUEST
Based on that, the farmers reposed confidence in him and then gave him, I mean, overwhelming, uh, majority, and as well as the vote.
Jerome SamGUEST
I mean, in that promises were, one, guaranteeing 70% of the FOB price to farmers, and also he spoke about the pension.
Jerome SamGUEST
He also did speak about some educational scholarships and all of that.
Jeff PielaGUEST
And I tried to learn everything I could about it.
Jeff PielaGUEST
And learning that as well as learning the, you know, what are the differences of inco terms? Why do people ship under FOB on Asia versus FCA out of Europe? Really understanding the the foundational specifics, if you will, on the Asia markets.
Jeff PielaGUEST
And so most of my clients, if not all of them, will tell you, and they come to me when it's Trans-Pacific Eastbound related.
Jeff PielaGUEST
They will ask for guidance.
Wes IshmaelHOST
Negotiated cash-fed cattle trade was moderate on moderate demand in Nebraska through Tuesday afternoon, according to the Agricultural Marketing Service.
Wes IshmaelHOST
FOB live prices were $7 to $8 lower at $218 a hundredweight, and dress-delivered trades were $10 to $11 lower at $345.
Wes IshmaelHOST
Trade was light on moderate demand in the Western Corn Belt, where FOB live prices were $7 lower at $218.
Wes IshmaelHOST
Dressed delivery prices there last week were mostly $3.55.
Wes IshmaelHOST
Choice boxed beef cutout value was $2.84 higher Tuesday afternoon at $388.53 a hundredweight.
Wes IshmaelHOST
Negotiated cash pig cattle trade was mostly inactive on light demand in the north through Monday afternoon, according to the Agricultural Marketing Service.
Wes IshmaelHOST
FOB live prices last week were mostly $2 to $3 lower in Nebraska at mainly $225 to $226 underweight.
Wes IshmaelHOST
and they were $2 to $5 lower in the Western Corn Belt at mostly $2.25.
Wes IshmaelHOST
Dressed delivered trades were mostly $7 to $12 lower in Nebraska at mainly $3.55 to $3.56, and mainly $7 to $13 lower in the Western Corn Belt at mostly $3.55. Last week's weighted average 5 area direct FOB live fed steer price was $3.51 lower at $2.2501.
Wes IshmaelHOST
The weighted average dress delivered fed steer price was $9.54 lower at $3.5554.
Wes IshmaelHOST
Choice box beef cutout value was unchanged Monday afternoon at $385.69 a hundred weight.
Lee SafarHOST
They process it, they do the post-harvest processing, and they get it ready, and they finance it.
Lee SafarHOST
Then they transport, transport it to be exported, and then it's exported FOB, free on board.
Lee SafarHOST
And the documents are created, and then they wait for payment.
Lee SafarHOST
So that's typically how things work with an exporter, okay? So I wanna establish that as very clear but very general supply chain practices for cooperatives.
Lee SafarHOST
They do the post-harvest processing, and they get it ready, and they finance it.
Lee SafarHOST
Then they transport, transport it to be exported, and then it's exported FOB, free on board.
Lee SafarHOST
And the documents are created, and then they wait for payment.
Lee SafarHOST
So that's typically how things work with an exporter, okay? So I wanna establish that as very clear but very general supply chain practices for cooperatives.
Louise GartnerHOST
But they're gonna need to be starting that back up here very soon, and it, it looks like they're gonna have to go to other sources than the Black Sea.
Louise GartnerHOST
And even though FOB offers continue to be very cheap coming out of the Black Sea, buyers just simply aren't willing to purchase from that region just simply because of the risk.
Louise GartnerHOST
In the Iran war, of course, the US is imposing much harsher sanctions, you know, economic sanctions on Iran, who appears to be not budging on anything.
Louise GartnerHOST
Threats are flying back and forth to every other country in the world that does business with Iran, uh, or the US.
Louise GartnerHOST
So clearly they were paying very close attention to the Pro Farmer Tour, and every day on that tour, they were talking about corn yields being way less than what was expected.
Louise GartnerHOST
So they were taking that for real, and it looks like, uh, they're in a very good position here with corn sharply higher this morning.
Louise GartnerHOST
So taking a look at the FOB offers from around the world as of last week.
Louise GartnerHOST
For wheat, a soft red at the Gulf is quoted at two hundred and ninety dollars a ton.
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