The Bloomberg Commodity Index dropped roughly 10% for the month amid rising supplies and Chinese demand concerns -- the worst monthly performance since September 2011. Corn and soybean futures extended their price declines this week and there's more near-term downside risk given the fact funds are still net long. Wheat futures also finished July under pressure on concerns about the competitiveness of U.S. supplies on the global market. Live cattle enjoyed some post-report short-covering, but lean hog futures posted sharp losses on Friday as traders recognize seasonals are turning bearish.
We take a detailed look at the Cattle Inventory Report -- and much more -- in this week's newsletter.
Pro Farmer Editor Brian Grete highlights this week's newsletter below:
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