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Falling crop prices, skyrocketing expenses, and trade disputes are creating conditions that are too much for farm families to bear.
On Markets on the Move, Oliver Sloup recaps the action: metal and cattle markets continued higher, while corn futures continued to drift lower. These are the levels to watch. Tune in!
Farmers are still put off by the high price of new, and the used equipment auction world is where they are heading in droves, whether its to find 10-plus-year-old bargains, good-condition, late-model machines or even rare, classic gems.
Grain markets have been choppy to start the week, with corn futures threatening a bigger technical correction.
Brad Kooima of Kooima Kooima Varilek says November feeder cattle futures were up over $20 last week and have led the rally on strong cash, tight supplies and the continued cases of New World Screwworm (NWS) in Mexico keeping the border shut.
Chinese crushers have been bolstering supplies of the oilseed with shipments mainly from Brazil.