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Grain and livestock prices open higher with help from the risk on in the outside markets. However, cattle struggle to hold early gains. Michelle Rook talks with Steve Freed of ADM Investor Services.
... The Federal Reserve and other central banks risk pushing the global economy into recession followed by prolonged stagnation if they keep raising interest rates, a United Nations agency said.
House Republicans asked the General Accountability Office to conduct a study on U.S. lands owned by foreign entities. The letter was signed by scores of other House Republicans.
Markets were mostly higher on Monday except wheat with a risk on day in outside markets supportive. Both cattle and hogs were higher on short covering. Michelle Rook talks with Alan Brugler of Brugler Marketing.
A pandemic-era program that provided free breakfast and lunch to all schoolchildren expired this year. Republicans voted against efforts to include free school meals this week. Biden’s plan reinstates the program.
Grains have turned mixed with short covering in soybeans, profit taking in wheat and corn caught in the middle. Livestock seeing a short covering bounce. Michelle Rook visits with DuWayne Bosse of Bolt Marketing.