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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More from Michelle Rook
Wednesday’s CPI or Consumer Price Index for June rose 1.3% and above expectations at 9.1%. This is continuing to impact the outside and agricultural commodity markets and may trigger the Fed’s next move.
Midday markets turn mostly lower at noon hit by money flow. Cattle seeing pressure from disappointing cash.
Grain and livestock futures opened mixed to end the week. China GDP and outside markets, as well as weather are being watched.
Livestock were pulled down by the outside markets and poor weekly exports, plus profit taking. Grains ended mixed with export news and weather the focus.
Midday markets are mixed in the grains and hogs, lower in cattle.
Nebraska sorghum growers are bucking the trend of lower acres and drought with this year’s crop.
Grain and livestock markets opened mixed on Thursday following weekly exports, watching macro markets. Michelle Rook has analysis with Randy Martinson, Martinson Ag.
President Biden says he has not made a decision yet on whether to lift some of the $370 billion of tariffs imposed on Chinese imports by the Trump Administration.
USDA’s crop progress report shows row crop development is lagging, but one Illinois farmer says he is an exception. In the Delta, the rice crop is right on pace.
USDA’s crop progress report shows row crop development is lagging, but one Illinois farmer says he is an exception. In the Delta, the rice crop is right on pace.