andrew bailey

On this episode, we learn about the data collection process for the 2022 Agriculture Census, which will wrap up later this spring. We also learn about how that data will be used. We talk with National Cattlemen’s Beef Association’s Ethan Lane and National Pork Producers Council’s Andrew Bailey and Dr. Trachelle Carr about the farm bill, trade and other policy issues affecting the beef and pork industries. In our Meat Monitor segment, we learn about a strong month in March for U.S. pork and beef and in The Dirt with Nutrien, Senior Agronomist Mike Howell and Ron Olson, an agronomist with the Sulfur Institute, discuss the critical role of sulfur in plant development. In “Bushels and Cents,” Ray Bohacz discusses the need for brighter lights on farm vehicles. The episode also features the latest release from Scott Southworth and Dallas Moore, “Granny Used to Honky Tonk.”

Timestamps

Fastline Marketing Group advertisement: 0:00

Intro and news: 0:30

Goatlifeclothing.com advertisement: 6:41

Hubert Hamer, National Agricultural Statistics Service: 7:00

Ethan Lane, National Cattlemen’s Beef Association: 15:47

Andrew Bailey, National Pork Producers Council: 24:05

Dr. Trachelle Carr, National Pork Producers Council: 27:03

Dan Halstrom, U.S. Meat Export Federation: 31:01

Mike Howell, Nutrien: 34:13

Soil Test Pro advertisement: 39:46

Ray Bohacz, “Bushels and Cents”: 40:18

Scott Southworth and Dallas Moore: 41:47

When Andrew Bailey of Maize N Brew swung by the pod, the earth stopped rotating for a moment and Ryan Day's heart skipped a beat. Mike, Matt, and Andy asked "Where does Blake Corum rank all-time among Michigan running backs," and took a look at Michigan's momentum in the transfer portal. The guys also took turns breaking down Michigan basketball's up-and-down start to the 2022 season. This is a can't-miss episode for any die-hard Wolverine.

UK Chancellor Jeremy Hunt is set to present his autumn budget in the House of Commons later today. Bank of England governor Andrew Bailey says that recent political and financial turmoil has battered the country’s reputation. U.S. markets are in the red following a Christmas warning note from retail giant Target. Federal Reserve governor Christopher Waller indicates that pace of rate hikes may be close to slowing. Tuesday’s fatal explosion in eastern Poland has been judged not to have been part of a deliberate attack by Russia. However, European Parliament President Roberta Metsola tells CNBC that pressure on Moscow must be maintained. Singaporean investment titan Temasek writes down its $300m stake in FTX. It says it misplaced trust in CEO Sam Bankman-Fried. Short-seller Carson Block tells this channel that the crypto sector has lost its way.

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China’s economy grows at its weakest pace for a year as energy troubles and supply chain bottlenecks stifle momentum. But consumption remains strong as retail sales beat expectations. The PBOC says that the fallout from the Evergrande debt crisis is manageable but admits that ‘mismanagement’ within some of the country’s biggest companies does pose risks. The BoE’s Andrew Bailey says rising costs may prompt action from the central bank but ECB president Christine Lagarde tells the IMF that she has no reason to believe inflation will not be transitory. And in Germany, Olaf Scholz edges ever closer to the chancellery after the Green Party votes to enter formal coalition talks with the Social Democrats and FDP.

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The S&P 500 hits a new record high on positive U.S. jobs numbers and redundancies fall to a two-decade low. Bank of England Governor Andrew Bailey tells CNBC that policy will be modestly tightened over the next few years as the balance sheet is reinforced to weather any future crises. In the U.S., President Biden signs an executive order calling for at least 50 per cent of all American cars and trucks to be electric by 2030. In South Korea, mobile-only lender Kakaobank has listed to become the country’s biggest retail bank. 

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Asian indices slump into the red after President Trump signs an executive order banning U.S. companies from working with Chinese apps TikTok and WeChat. Trump has branded both mobile applications as a “threat” to U.S. national security and economy. Mixed Chinese trade data for July sees exports rising by 7 per cent, but imports fall by 1.4 per cent due to depressed demand. Uber’s Q2 revenues fall by almost a third as the ride-sharing app’s pivot to delivery services fails to offset a dearth in passengers during global lockdowns. And we hear from BoE governor Andrew Bailey who tells CNBC that negative rates are “in the toolbox” but that the central bank had no immediate plans of implementing them. He also denied accusations the BOE was too optimistic about the speed of the recovery following the Covid-19 pandemic.

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Trade tensions return after the US government pulls out of talks with European countries over their digital tax plans, dashing hopes of a global deal and reviving the prospect of tariffs. Brussels launches an anti-trust probe into Fiat Chrysler and PSA's 50 billion dollar mega merger, citing concerns over their dominant market share in the small vans market. In Asia, markets trade lower, but JD.com rallies on the e-commerce giant's 3 point 8 billion dollar Hong Kong debut. And in the U.K., the Bank of England is expected to expand its bond buying plan but steer clear of negative rates despite Governor Andrew Bailey saying they are QUOTE 'under active review'.

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The Federal Reserve discusses using forward guidance and longer-term measures to support the damage to the U.S. economy, such as capping interest rates. However, Dallas Federal Reserve President, Robert Kaplan, tells CNBC that consumer confidence and a sense of safety will drive the recovery rather than monetary policy. In the UK, Bank of England governor Andrew Bailey changes the BOE’s policy stance and considers negative interest rates, as the UK government issues bonds at a sub-zero level for the very first time. China’s delayed NPC gets under way with the focus on a potential slower growth rate in the wake of the pandemic. Brazil becomes the new epicentre of the outbreak, as the Latin American country posts a new record number of daily Coronavirus cases. And in aviation news, Lufthansa says it is in advanced talks with the German government over a €9bn state bailout.

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Stimulus Plans. The mammoth U.S. Coronavirus stimulus bill is passed as President Trump voices hope that large parts of the economy could be ready to reopen by Easter. The Dow posts a second day of gains for the first time since last month. Reports of a total lockdown this weekend in Tokyo causes the Nikkei to fall while Singapore’s GDP growth shrinks 2.2 per cent. In Europe, nine EU nations call for the creation of ‘Coronabonds’ to offset the economic damage caused by the outbreak. In the UK, the BoE and the Treasury look set to approve more measures to support the British economy.  

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The S&P 500 tops 3,200 for the first time ever as U.S. Treasury Secretary Steven Mnuchin tells CNBC that ‘phase one’ of the trade deal with Beijing will be inked in early January. There'll be a new boss at Threadneedle Street. The FCA's Andrew Bailey is set to take over from Mark Carney as the Bank of England governor from February. We hear exclusively from the new European Union economy chief, Paolo Gentiloni, who tells this channel that monetary policy alone won’t be enough to move the bloc out of the doldrums. And in Washington, President Trump demands a speedy Senate impeachment process but looks to be frustrated by House Speaker Nancy Pelosi who intends to push the GOP to meet Democrat procedural demands.

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