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Brad Kooima, Kooima Kooima Varilek, says cash cattle trade was record high again last week with $223 live paid in much of the North and even a few $224 trades to a regional. Grains are mostly lower.
The stakes are high with the latest trade war. While the risks of losing more market share into China are a concern, the upside potential of a trade deal with China could be monumental.
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.
Jerry Gulke, president of the Gulke Group, says there are several factors that indicate to him the chance to rally old crop corn to $5 is over.
“UAN is easily the most important topic right now,” says Josh Linville at StoneX. “That is because it is no longer a price story—it’s a ‘can you even find it supply story.’”