Wednesday, May 06, 2020

I don't know where to start tonight.

President Bubba, Jr. AKA Jarod Kushner is completely incompetent. When a USA president assistant tells the State of New York to purchase ventilators with a $65 million by contract and no ventilators show up, it allows me to call him, President Bubba, Jr.

Actually, New York State should hold Jarod Kushner personally responsible for this disaster. Incompetent government employees can be sued for carrying out the important jobs of the government that do not have a clue to what they are doing.

This is not the only thing Kushner has done. At the beginning of this family charade in the White House, he was using non-governmental online sites for government business. Kushner thinks he is teaching the government on how to run itself better as well as Trump and they are completely incompetent and only compromise the national security of the USA. SARS-CoV-2 and COVID-19 are national security issues. OBVIOUSLY! And yet, the White House cannot seem to get over the idea they are incompetent and lean on anyone "competent enough" in the nearby vicinity who is scared to death to have them fail.

So, at the top of the viral response is President Bubba and President Bubba, Jr.

Then there are the new deaths and COVID-2 diagnoses in Colorado. Then company JBS seems to think since they have a letter from President Bubba they don't have to test their employees because the plant has an enormous viral load. The bosses tested positive so the employees are going to test positive and they opened the plant knowing it would have a viral load to choke a horse.

Seven employees are dead and JBS is under the impression they don't have to answer for that. It boggles the mind to understand why JBS thinks it is exempt from liability.

April 28, 2020

A meatpacking plant (click here) at the center of the COVID-19 outbreak in Green Bay, WI, was temporarily closed by its owner Sunday, the latest such facility to be shuttered across the nation as federal authorities investigate safety at the operation.

The Milwaukee Journal Sentinel reports that at least 189 cases have been linked to JBS Packerland, Brown County.

The U.S. Occupational Safety and Health Administration announced Friday that the agency is looking into the outbreaks at the JBS and American Foods Group plants.

In addition, OSHA said Friday it was opening a new investigation into the COVID-19 safety practices of the Patrick Cudahy/Smithfield Foods meatpacking plant after a worker told the Milwaukee Journal Sentinel his concerns about unsafe work conditions at the plant. The man said he hadn't received a face mask despite working closely with others....

If any company and/or state contemplating opening for economic gain and proves to be a danger to Americans, both workers and patrons; will not get away with it as some kind of sick patriotic movement. President Bubba can do his level best to sit on the neck of OSHA, but, it won't last forever and the people will find their ways into a court to bring this entire travesty to the docket.

What good is a president, his assistants, states influenced by his travesty of a White House or the companies that believe their patriotic duty is to the economy over human life? They will not be tolerated in this country! They do not have a blanket right to kill Americans via a virus.

During this time of rest for a portion of the American workforce, the companies and businesses were supposed to be busy altering their business model to accommodate "social distancing" and methods of business that won't compromise employees and patrons. That included factories such as JBS. 

Part of the problem JBS is facing is the lack of leadership in the White House. The Ag Department should have had their people on the ground all over the country helping. Those most needed as indicated by President Bubba's letter should be high on the list for help from the Ag Department. Did that occur? No, what did occur was a cover-up and the idea of entitlement in emergencies to get away with it. Clue: that is not leadership.

The longer this travesty goes on because President Bubba politicized a virus and expected it to behave the longer it will take to return to any form of normalcy in business in the USA.

This is what is going on with American agriculture. Let's bet on "the futures market." President Bubba managed to turn the entire Midwest into a one armed bandit. 

Grain markets (click here) this morning are mixed with corn, canola, and soybean prices all higher but cereals in the red. Yesterday, grain markets ended the day mostly in the green, supported by WTI oil prices and broader equity markets, which both had solid daily gains. That said, volatility in the grain markets remains, not just because of COVID-19-related demand uncertainty but also the combination of additional investor dollars (which fled equities back in March) and weather.

More specifically, there are some freezing temperatures forecasted this weekend for everywhere from North Dakota down to northeastern Missouri and back up to Michigan and Ohio. [1] Early planted soybeans are the most at risk but because cooler temperatures have kept emergence in check, the total percentage of the crop that’s at risk is much lower than what’s actually been planted.

On that note, the USDA said in Monday’s crop progress report that 23% of the U.S. soybean crop has been planted. [2] This is above pre-report expectations, and way ahead of the 5% planted by this week a year ago, as well as the five-year average of 11%. Also, 51% of the U.S. corn crop has been planted, which is a one-week 24-point jump and, like soybeans, also ahead of average pre-report guesstimates from grain markets participants. It’s also well-above the five-year average of 39% and the 21% seen planted through this week a year ago. Conversely, 29% of the American HRS wheat crop has been planted, slightly below the 30% expected, but also behind the 43% average for this week.

Last night, Shaun Haney of Real Agriculture and I did a live, 30-min
Facebook/Youtube/Twitter/LinkedIn Skype-based video interview, and we covered everything from pulses to cereals to oilseeds to why I’m more tanned than Shaun. [3] We also discussed why I’m still quite bearish on corn prices, something that I walked extensively through in Monday’s Breakfast Brief. That said, I also commented on how I think there is more downside risk for soybean and canola prices, but I’m way less bearish than I am on corn prices....