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Ag markets end lower as a risk off day in equities spills over. Grains also saw technical selling and removed weather premium. Lower cash also weighed on livestock. Darren Frye of Water Street Solutions has more.
!["There's no cure for any of it [HPAI, FMD and ASF]," Bacus says. "The best thing we could hope to do is track and vaccinate our way out of it."](https://assets.farmjournal.com/dims4/default/048af1e/2147483647/strip/true/crop/640x428+0+26/resize/250x167!/format/webp/quality/90/?url=https%3A%2F%2Ffj-corp-pub.s3.us-east-2.amazonaws.com%2Fs3fs-public%2Flivestock_trucks-trailer_%283%29.JPG)
Under the rule, APHIS would require tags that are both visually and electronically readable for interstate movement of cattle and bison six months after a final rule is published in the Federal Register.
High prices will cure high prices. It is already occurring with acreage increases in South America and demand destruction in various regions.
Cornfields hit by the disease in 2021 are at risk from a homegrown infection in 2023, if you’re in a corn-soybean rotation. Hard rains prior to crop canopy are an added concern. They splash inoculant onto corn plants.
Soybeans see more technical selling, removing weather premium, while corn and wheat stage a technical bounce. Lower equities and cash pressure livestock. Jeff Hoogendoorn of Professional Ag Marketing has more.
The lifting of Covid-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy Agency (IEA) said.