 Hello, everyone. Tim Petrie here, extension livestock marketing economist. I certainly wish I was up in Carrington with you observing the crops and livestock up there, but the COVID-19 obviously affected that and also dramatically affected the livestock market as we'll see in a minute here. We have not only the unprecedented epidemic, but we have an unprecedented economic collapse into recession. We have unprecedented social unrest. Each of those alone would cause uncertainty and volatility in the market, but you put them all together and actually we have the most uncertainty and volatility I've ever experienced in my almost 50 years in this business. So a lot of uncertainty and what I'd like to just quickly show you is several charts to give us an idea of our topic for today. That's fall calf braces, which normally we would have a good idea of what they might be, but now as we'll see a lot of uncertainty. So we're going to go to slide one, which is the 550 to 600 pound calf braces in North Dakota. The red line is this year and the green line is last year. And so as you can see, we started off 2020 right on last year, but our expectations were for much better prices over similar to those 2018 or 19 or 2018 and 17 prices on the right hand of your chart. And now again, the big question mark there. So on the bright side of why we were expecting higher prices, and that's going to help us into the future, but not as much this fall as we have a lower cow herd this year. So we had fewer calves to sell this fall. We had in the start of the year, an excellent economy, record high stock market, record low unemployment, record high exports. Also as we'll see in a minute prospects for a record corn crop. So those were all extremely positive, but the COVID-19 through a monkey wrench into all of that. So you know, the good news when we look at the chart right now is we are at about the same level as we were last year in spite of all those problems that we're having. But for fall, I think we're going to have to look for some lower prices. And we'll look at some of the reasons for that in a minute. Again, the two biggest things that affect fall cap prices are corn and fed cattle prices. So let's just look at these for a better idea. Right now, if I had to give you a price, I'd say let's go $5 to $10 lower than last year, but they certainly could be much lower than that and higher than that. And so let's just move along here into the second slide. Then is corn prices. Actually, there's two charts on here, but we have very, very low corn prices, as you can see in Omaha. Right now, corn prices are $1.20, a bushel lower than last year. And on the bottom, December live cattle futures down there at $3.25 are at contract lows. So certainly that would be very, very supportive to fall cap prices. But when we go to the third slide, fed cattle is where we run into the problems you see there. Again, we started the year about the same and we're expecting better cap prices. But as you can see, they plummeted because of COVID and look at the fall futures of what the expectations are. October futures are now $10 under last year and December futures are $18 under. So that is not supportive at all the cap prices. So we'll end up with this fourth slide is the heavier yearlings, the 800 pound steer prices. There is a futures market here, not one for cap. So this gives us a better idea. And again, the cash situation there is about the similar to calves. We started off the year about the same. And in mid June, we're about the same. But the fall futures are lower. October futures down about $10 over last year's cash, but by November only $6 lower. That's another reason why I'm saying in that $5 to $10 lower range. But again, there's so much uncertainty and volatility. And so I think we need to plan for lower prices, talk to our lender, hope for better prices and make sure this isn't our last year in business. There are better times ahead into the future when we get through the COVID and I wished I had better news for you, but that's the story as of now.