It’s Friday! Sadly, for our row crop producers, it’s also WASDE day, and USDA dropped some bombshells on the grain markets, with soybeans hardest hit. We’ll run through the numbers and take a look at today’s closes. Also, lots of noise about trade to end the week, but very little progress with either Japan or Mexico, so we’ll wait another week to see if anything gets moving.

And finally, we get the chance to dive in to the world of FDA regulations! Last week, FDA administrator Dr. Scott Gottlieb, commissioner of the FDA, said he will begin to change the way FDA regulates those who use the word ‘milk’ in describing their beverages. R.J. Lehmann from the R Street Institute joins Mike and Delaney to wade through the current definitions and what this change might look like.

Be sure to follow our social media tomorrow as Mike and Delaney compete in the Governor’s Charity Steer Show at the Iowa State Fair!

Listen here.