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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Chuck Shelby of Zaner Ag Hedge says the grain markets tried to extend gains in the overnight session and hit chart resistance causing consolidation.
Beyond feedlot death loss, cow-calf herds face hard-to-measure hits in sickness, weight gain, foot health and future calf performance when heat and humidity stack up.
Mark Knight with Farmer’s Keeper Financial says the grains were seeing profit taking early Tuesday but the big story headlines were again war and weather.
A flash sale of 17.9 million bu. of new crop soybeans to China and another 5.0 million bu. to unknown destinations helped the soybean market rebound says Mike Minor with Professional Ag Marketing.
Brad Kooima of Koomia Varilek says the lows look like they are in the cattle market, but how much more recovery does he expect?
Jerry Gulke, president of The Gulke Group says he thinks it is too early to call a top in the grain markets.
Matt Bennett with AgMarket.Net says corn and soybean market was removing weather premium Friday with rains falling over portions of the Western Corn Belt Thursday evening and moving to east.
Scott Varilek with Kooima Kooima Varilek says there are signs he’s looking for yet in the cattle market to confirm the lows are in.
Don Roose of U.S. Commodities says wheat saw big gains early on the halt to exports in the Black Sea but could not hold at the highs. The corn and soybean market were lower on improving weather and served as an anchor.
Darin Newsom, senior market analyst for Barchart, Inc. says wheat was rallying Thursday as exports have been halted in three major Russian ports.