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Brad Kooima of Kooima Kooima Varilek says live and feeder cattle futures gapped lower on the opening after a human case of New World screwworm (NWS) was announced over the weekend.
An individual who had traveled to the U.S. from El Salvador has been confirmed with NWS.
Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.
Pro Farmer economist Lane Akre says corn and soybeans posted higher weekly closes and should be able to build on that next week with the push from the lower yield and production estimates from the Pro Farmer Crop Tour.
Oliver Sloup and Marlin Bohling bring you Episode 7 of Markets on the Move to end the week. Ag markets were mostly higher this week with cattle leading the charge. Other markets like the S&P and precious metals saw big gains on Friday too.
On the heels of Crop Tour, Pro Farmer projects corn yields at 6.1 bu. below USDA’s August estimate, while soybean yield numbers are nearly aligned.