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Grains lower on fund selling, removing risk premium on improved extended forecasts. Soybeans ignore China export biz. Live cattle lower working in softer cash, hogs consolide. Randy Martinson, Martinson Ag has more.
As the saying goes, a bear only needs to eat once a year and the bull needs to eat every day. This week, grain prices drifted lower.
How will you respond to today’s profit opportunities? First, understand how the changes in market prices impact your operation.
For this week, May corn prices were up 18.25¢ and May soybean prices were up 1.75¢, for the week ending March 19. May wheat prices were down 12¢.
Compared to an annual performance review, a ‘stay meeting’ focuses on improvement rather than what we did wrong last year.
The markets continue to exercise caution ahead of the fourth and final big USDA report this month.