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In this episode of the Running On-Grass Podcast, hosts Logan Pribbeno and Eamon O'Toole discuss various topics including their experiences in Africa, market dynamics in the cattle industry, and the impact of AI on agriculture. They explore the current state of the cattle market, the significance of weather patterns, and the potential future of cattle cycles in light of technological advancements. The conversation explores various aspects of cattle ranching, including the importance of real assets in the age of AI, effective grazing strategies, cost comparisons between grazing and feedlots, and the impact of market fluctuations on cattle feeding. Additionally, the discussion touches on opportunities for ranchers in federal land leasing, the influence of packers on the beef industry, and the significance of genetics in cattle breeding, culminating in Logan's experiences in Namibia. Takeaways AI's impact on agricultureCattle market optimism Real assets are crucialGrazing strategies enhance profitability Chapters 00:00 Global Perspectives: From Africa to the U.S.05:15 Market Dynamics and Cattle Cycles21:01 The Role of AI in Agriculture31:24 Navigating the Future with Real Assets32:09 Grazing Corn: Insights and Strategies34:57 Cost Analysis of Grazing vs. Feedlots36:15 Challenges in Cattle Feeding and Market Fluctuations39:05 Opportunities in Federal Land Leasing42:07 The Impact of Packers on the Beef Industry44:11 Genetics in Cattle Breeding: A Focus on Quality54:41 Logan's Namibia Adventure and Ranch Tours

In this episode of the Running On Grass podcast, hosts Logan Pribbeno and Eamon O'Toole discuss various topics related to farming, cattle markets, and weaning strategies. They explore the challenges in the coal cow market, the benefits of dual-purpose wheat, and share insights on their weaning practices. The conversation delves into effective calf management strategies, emphasizing the importance of human interaction and care in the weaning process. It also explores the adaptability required in ranching practices, particularly in response to changing environmental and economic conditions. Takeaways Dual purpose wheat benefits cattleCoal cow market challenges Effective calf managementImportance of positive interactions Chapters 00:00 Farming Updates and Weather Conditions03:05 Podcast Milestones and Growth05:57 Coal Cow Market Analysis11:54 Market Trends and Seasonal Insights18:07 Weaning Strategies and Practices33:31 Calf Care and Management Strategies35:02 Weaning Techniques and Practices39:08 Cost Analysis of Weaning Process41:00 The Role of Human Interaction in Calf Development46:40 Adapting to Changing Conditions in Ranching52:59 Innovative Approaches to Wintering Cattle56:20 Cultural Insights from Africa

The conversation explores various aspects of cattle and sheep management, focusing on the impact of weather, labor costs, and profitability. The speakers share insights on integrating sheep into cattle operations, the challenges of weaning, and the benefits of grazing alfalfa. The conversation delves into various aspects of cattle management, including grazing strategies, cow depreciation, and the evolving beef on dairy market, culminating in a personal account of cattle experiences in Morocco. The speakers share insights on best practices for cattle health, economic strategies for managing cow depreciation, and the implications of beef on dairy genetics in the industry. Takeaways Weather significantly affects ranchingIntegrating sheep can enhance operations Effective grazing strategies are crucialCow depreciation management is challenging Chapters 00:00 Weather Impact on Cattle Management03:06 Challenges of Weaning and Feed Quality06:11 Integrating Sheep and Cattle Operations09:11 Labor Costs and H2A Visa Challenges11:55 Profitability in Sheep vs. Cattle17:08 Learning from Different Ranching Practices20:59 Seasonality in Ranch Management25:08 Grazing Alfalfa: Benefits and Risks33:50 Managing Alfalfa Grazing for Cattle Health36:46 Strategies for Cow Depreciation Management50:22 The Beef on Dairy Discussion01:01:42 Experiences in Morocco's Cattle Market

The conversation covers topics such as weather conditions, corn harvest, cattle markets, tax strategies, and equipment upgrades. It also delves into the impact of rainfall on cattle herds and the demand for bred heifers. The tax discussion includes strategies for managing lump cow sales and the importance of capital gains in tax planning. The conversation covers topics related to managing equipment equity, cattle and livestock, leasing land, and the experience of traveling in Africa. It also touches on the challenges and opportunities in the beef and sheep industry, as well as the differences and similarities between plains ranching and mountain ranching. Takeaways Weather conditions impact corn harvest and cattle markets.Tax strategies for lump cow sales involve deferring taxes and capital gains.Equipment upgrades are part of tax planning and operational efficiency. Equipment equity managementCattle and livestock strategyLeasing land and custom arrangementsCultural experience in AfricaChallenges and opportunities in the beef and sheep industryDifferences and similarities between plains ranching and mountain ranching Chapters 00:00 Weather and Ranching Updates03:00 Corn Harvest and Cattle Markets17:12 Tax Strategies for Lump Cow Sales22:43 Equipment Upgrades and Operational Efficiency23:47 Managing Equipment Equity25:31 Cattle and Livestock Strategy27:20 Leasing Land and Custom Arrangements42:38 Cultural Experience in Africa49:01 Challenges and Opportunities in the Beef and Sheep Industry51:45 Differences and Similarities Between Plains Ranching and Mountain Ranching

The conversation covers topics related to weather conditions, agricultural activities, cattle breeding, market analysis, and board memberships. It also delves into the importance of camaraderie, strategic partnerships, and the impact of industry involvement on business growth and innovation. The conversation covers a range of topics related to ranching, finance, and business management. It delves into the complexities of financing, debt structuring, balance sheets, and the challenges of managing a ranching business. The hosts also discuss the impact of international travel on family time and the importance of tax management in ranching operations. Takeaways Weather conditions impact agricultural activitiesStrategic partnerships and industry involvement drive business growth Ranching business involves complex financial decisions and requires careful management of debt and financing options.International travel can provide valuable family time and a break from the routine, allowing for a deeper connection with loved ones.Tax management is an important aspect of ranching operations and requires careful consideration and planning. Chapters 00:00 Weather Conditions and Agricultural Activities03:19 Cattle Breeding and Market Analysis11:31 Strategic Partnerships and Industry Involvement27:16 Financing and Debt Structuring in Ranching28:34 Managing Balance Sheets and Debt Relationships30:38 Ranching Business Complexity and Financial Strategy54:14 Impact of International Travel on Family Time56:35 Tax Management in Ranching Operations

The conversation covers a range of topics including weather, Trump's announcement, cow sales, heifer policies, MCOOL, and unique practices in ranching. The hosts discuss the importance of awards, financial decisions, and the impact of sending cattle out for the winter. The conversation covers a wide range of topics, including ranch management, succession planning, and the importance of surrounding oneself with the right people. It also delves into the significance of experience, learning from failure, and the value of specialized education in ranch management. Takeaways Weather and its impact on ranchingThe importance of financial decisions and unique practices in ranching Succession planning and the selection of the right individual to take over the ranch are critical for long-term success.Experience and learning from failure are essential for developing effective ranch management skills.Surrounding oneself with the right people and building a strong team is crucial for success in ranching. Chapters 00:00 Weather and Its Impact01:19 Cow Sales and Heifer Policies02:33 MCOOL and Financial Decisions20:22 Unique Practices in Ranching31:43 Ranch Management and Succession Planning35:10 The Importance of Experience and Learning from Failure39:22 Surrounding Oneself with the Right People49:21 Specialized Education in Ranch Management

The conversation covers a range of topics including recent rainfall, cattle gains, market conditions, corn prices, trucking costs, cattle prices, and the impact of the cattle cycle. The discussion also delves into the implications of the three hundred thousand ton waiver, the import of beef, and the dynamics of the cattle industry. The conversation covers a range of topics related to agriculture, virtual fencing technology, and the impact of technology on ranching practices. It also delves into the challenges and benefits of using virtual fencing, as well as the potential for improved management and cost savings. The conversation highlights the importance of understanding the landscape and the specific needs of each ranch, as well as the potential for technology to revolutionize traditional ranching practices. Takeaways Rainfall has had a positive impact on grass growth and cattle gains.Market conditions, including beef prices and corn prices, are influencing decision-making in the cattle industry.Trucking costs and the impact of high corn prices on feedlot operations are significant considerations for cattle producers. Agriculture relationshipsVirtual fencing technologyRanching management and technology impact Chapters 00:00 The Three Hundred Thousand Ton Waiver and Beef Imports30:17 The Importance of Agriculture Relationships31:27 Exploring Virtual Fencing Companies32:50 Comparing Virtual Fencing Technologies34:21 Cost Structures and Considerations40:10 Virtual Fencing in Different Ranching Environments47:32 Rancher Experiences with Virtual Fencing57:32 Impact of Virtual Fencing on Ranching Practices

The conversation covers topics such as weather and drought, the impact on beef prices, the ground beef market and demand, cow sale and lessons learned, breed heifer market and corn prices, and the impact of Bangs Tag Heifers on the market. The conversation covers a range of topics including navigating the cattle market, the value of replacement quality females, challenges of feed yard prices and the corn market, ranching and planning for the future, marriage, relationships, and ranching, balancing work and family, parenting and family dynamics, ranching challenges and opportunities, ranch management and financial considerations, and market strategies and operations. Takeaways Weather and drought have led to unprecedented dry conditions in the West.The breed heifer market and corn prices are key factors influencing the cattle market. Navigating the cattle market and understanding market trendsBalancing work and family in the context of ranching Chapters 00:00 Weather and Drought01:28 Impact on Beef Prices05:22 Ground Beef Market and Demand15:29 Cow Sale and Lessons Learned21:52 Breed Heifer Market and Corn Prices25:09 Bangs Tag Heifers and Market Impact26:36 Navigating the Cattle Market27:29 Value of Replacement Quality Females28:20 Challenges of Feed Yard Prices and Corn Market29:47 Ranching and Planning for the Future32:48 Marriage, Relationships, and Ranching33:48 Balancing Work and Family41:03 Parenting and Family Dynamics49:08 Ranching Challenges and Opportunities50:07 Ranch Management and Financial Considerations52:34 Market Strategies and Operations

The conversation covers the impact of drought on livestock management, market volatility, evaluating growth opportunities in the cattle cycle, timing and neighboring properties, and risk management in the Bred Heifer program. The speakers discuss the challenges of drought, market fluctuations, and the importance of timing in making growth decisions. They also explore the role of risk management in livestock operations. The conversation delves into the topics of hedging and risk management, emphasizing the use of tools like hedging and LRP for risk mitigation. It also explores the importance of timing in decision-making and the impact of market highs and lows on hedging strategies. Additionally, the discussion covers capital allocation, working capital, and the challenges of overhead allocation and enterprise management. Takeaways Drought managementMarket volatilityGrowth opportunitiesRisk management Hedging and risk managementTiming is crucial in decision-making Chapters 00:00 Drought Management and Its Impact03:08 Market Volatility and Impact on Livestock05:05 Evaluating Growth Opportunities in the Cattle Cycle19:37 Timing and Neighboring Properties29:13 Risk Management and Bred Heifer Program30:52 Hedging and Risk Management41:13 Capital Allocation and Working Capital54:18 Overheads and Enterprise Management

The conversation covers the challenges of ranching in dry weather, the benefits of investing in equities and index funds, the importance of off-ranch investing and financial planning, and the significance of Roth IRA and retirement planning. The speakers discuss the impact of dry weather on ranching, the potential of equities and index funds as investment options, the role of off-ranch investments in financial stability, and the value of Roth IRA in retirement planning. The conversation delves into the exploration of African cattle breeds, the impact of private conversations on learning, the influence of travel on home life, the use of airplanes in ranching, the role of technology in ranching, and the significance of cattle tagging and identification. It also covers the role of genetics and EPDs in cattle breeding, as well as the planning and traveling to Africa. The conversation provides insights into genetic diversity, the impact of EPDs, the importance of phenotype, the influence of overhead allocation, and risk management for heifer development. Takeaways Diversifying InvestmentsRetirement Planning Genetic diversity in cattle breedsThe impact of EPDs on cattle breedingThe importance of phenotype in cattle selectionThe influence of overhead allocation on operationsRisk management for heifer development Chapters 00:00 Challenges of Ranching in Dry Weather03:15 Investing in Equities and Index Funds06:29 Off-Ranch Investing and Financial Planning33:09 Roth IRA and Retirement Planning36:04 Exploring African Cattle Breeds38:21 Private Conversations and Real Learning39:23 The Role of In-Person Meetings in Learning42:43 The Impact of Travel on Home Life44:19 The Use of Airplanes in Ranching45:48 The Role of Pilots in Western Ranching47:39 The Influence of Technology on Ranching48:23 The Significance of Cattle Tagging and Identification51:27 The Role of Genetics and EPDs in Cattle Breeding59:21 Planning and Traveling to Africa

The episode discusses the impact of drought and extreme heat on ranching, the challenges faced, and the strategies for managing through it. It also explores the use of African genetics for heat tolerance and the importance of water infrastructure projects. The conversation emphasizes the need for a shift in cattle genetics to adapt to changing environmental conditions. The conversation covers a range of topics including genetics, grazing, public land use, and book recommendations. Logan and Eamon discuss the challenges and benefits of using public land for grazing, the complexities of managing public land, and the importance of grazing for the environment. They also touch on the topic of genetics and the potential of African breeds for herd improvement. Additionally, they plan to discuss the book 'Meditations' by Marcus Aurelius in a future segment. Takeaways Drought and extreme heat pose significant challenges for ranching, leading to feed loss, fatality, and the need for water infrastructure projects.African genetics offer potential solutions for heat tolerance in cattle, and the use of crossbreeding and diverse genetics is essential for adapting to changing environmental conditions. Public land grazing has benefits and challenges, and the perception of grazing has evolved over time.The use of African breeds for herd improvement is a topic of interest and will be explored in future segments.The book 'Meditations' by Marcus Aurelius is recommended for its value in stoic literature and life application. Chapters 00:00 Impact of Drought and Heat02:25 Managing Drought and Heat03:21 Water Infrastructure Projects11:02 Adapting Cattle Genetics30:17 Challenges and Benefits of Public Land Grazing31:02 Genetics and Herd Improvement32:26 The Complexity of Managing Public Land59:15 Book Recommendations and Future Discussions

The conversation covers the impact of weather on agriculture, market volatility, the AI space, border reopening, and the implications of drought and corn prices on the industry. The conversation delves into the impact of AI and Singularity on jobs, the future of agriculture, and the changing dynamics of ranching and labor. It also explores the evolving markets and the role of technology in ranching operations. Takeaways Market volatilityImpact of weather on agriculture AI and SingularityImpact on Jobs Chapters 00:00 Weather and Agriculture02:00 Market Recap and AI Space03:28 Border Reopening and Cattle Implications23:22 Drought and Corn Prices26:48 AI and Singularity29:27 Impact on Jobs34:06 Ranching and Technology37:24 Future of Agriculture45:31 Ranching and Labor56:01 Changing Markets

The conversation covers a range of topics related to ranching, including insights from ranching events and meetings, the use of AI in ranching, and the creation of value-added products from cull cows. Each chapter delves into the details of these themes, providing valuable insights and practical applications for ranchers. The conversation delves into the challenges of the grass-fed market and the strategies for heifer development and breeding. It explores the complexities of the grass-fed industry and the factors affecting its growth. Additionally, it provides insights into heifer development and breeding strategies for ranching operations. Takeaways Ranching Events and MeetingsAI in RanchingValue-Added Products from Cull Cows Grass-fed market challengesHeifer development and breeding strategies Chapters 00:00 Ranching Events and Meetings03:03 AI in Ranching30:05 Value-Added Products from Cull Cows31:58 Grass-fed Market Challenges39:37 Heifer Development and Breeding Strategies

The conversation covers the impact of weather on grass and livestock, the economics of cover crops and grazing, and the transition to electric vehicles in agriculture. It delves into the challenges and opportunities presented by these themes, providing valuable insights for agricultural practitioners. The conversation covers the challenges and vulnerabilities of the sheep industry, the impact of World War II on the industry, advice for growing a sheep operation, marketing and scaling in the sheep industry, running sheep in the mountains, and beef market trends and analysis. Takeaways Impact of weather on grass and livestockEconomics of cover crops and grazingTransition to electric vehicles in agriculture Sheep industry challengesThe importance of good shepherds Chapters 00:00 Transition to Electric Vehicles in Agriculture26:37 Sheep Industry Challenges and Vulnerabilities29:01 The Impact of World War II on the Sheep Industry31:10 Advice for Growing a Sheep Operation33:13 Marketing and Scaling in the Sheep Industry34:11 Running Sheep in the Mountains and Grazing Strategies38:53 Beef Market Trends and Analysis

In this mid-year market check-in on Running on Grass, Logan Pribbeno from Wine Glass Ranch and Ea’Mon O’Toole from Ladder Ranch break down what’s really driving cattle prices right now — even as some charts flash warning signs. We open with the latest price action and the viral tweets shaping the conversation, then dive into the stunning USDA export sales report that showed 126,062 metric tons of U.S. beef sold in a single week — a nearly 500% jump from the prior week. Much of it was late-reported volume, including record-shattering one-week sales to Chile and Italy. Is this the demand signal the market has been waiting for? Derrell Peel’s latest analysis on drought-driven herd risk and the telling heifer slaughter graph gets a close look, alongside live results and commentary from Superior Week in the Rockies (240,000+ head on offer this week). Then we shift to the bigger picture: the Federal Reserve’s $10 billion liquidity injection, Dr. Dave Kohl’s K-shaped economy framework, and why productive ranchland may be one of the smartest inflation hedges available — especially when retail giants are being asked to cut ground beef prices for consumers feeling the squeeze. Logan and Ea’Mon bring honest, boots-on-the-ground perspectives from their own operations, sharing what these signals mean for marketing, grazing plans, and long-term land decisions. Whether you’re running cows, watching markets, or thinking about your next land move, this episode gives you the data and the real-world context to make better decisions. Timestamps • Market Reality Check, Export Spike & Superior Sale • Drought Herd Risk & Heifer Graph • Inflation, Liquidity & the K-Shaped Economy • Operational Tweaks & Closing Takeaways