Markets Now
National reporter Michelle Rook talks daily with industry analysts to break down crop and livestock commodity markets. Listen below to learn what’s happening with the markets when they open, at midday and again at close.
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Markets were higher Friday, except wheat. November soybeans were up $1.53 for week, with December corn up $.56, and Aug LH closed above $120.
The latest Drought Monitor roughly 70% of the U.S. and cattle country are now in some level of drought. However, producers and market analysts say this drought is much different than in the recent past.
Grains continue to be pushed by weather, except wheat. Livestock mostly higher. Michelle Rook talks with Mike Zuzulo of Global Commodity Analytics.
Grains open sharply higher, how long does weather rally last? Livestock start mixed to lower. Michelle Rook talks with Randy Martinson of Martinson Ag.
Markets brush off GDP. Grains continuing to rally on weather, as soybeans lead. Livestock react and head lower.
Markets open higher except feeders on Thursday, after negative GDP numbers. Michelle Rook talks with Luke Swenson of The Money Farm.
The Fed raised interest rates .75 basis points for the second consecutive month. The market was largely anticipating this move and now turns its attention to how long this aggressive pace is going to last.
Livestock are mixed, while grains continue to push higher on weather and fund buying. How high will we go?
Weather trumped the Fed news as row crops continued higher, also pushed by new contract highs in meal. Wheat set back on big spring wheat tour yields. Livestock ended higher except nearby live cattle.
The House recently passed the Lower Food and Fuels Cost Act which includes a special USDA investigator. However, there’s divide on if this is the right approach to restoring competition in the cattle market.