Market Analysis
Weekly overview of the agricultural commodity markets compiled since 2003 by Brugler Marketing & Management of Omaha Nebraska. Not intended to be financial advice.
“It’s like farmers threw in the towel after getting sick of waiting for better prices or realized they’re going to need bin space,” says Jerry Gulke. He shares four points that might mean lower prices aren’t over yet.
Corn and soybean futures prices saw big rallies in Thursday’s trade but have so far failed to find any follow-through to the upside. Was Thursday’s trade just a relief rally or is there more upside to come?
Livestock futures remained under pressure in yesterday’s trade, will today be more of the same or will the lower prices spur some buying interest?
Corn, beans, and wheat have been under pressure for the last week. It are showing signs of life in the early morning trade. Is the market set up for a bigger relief rally?
Livestock futures were largely lower in yesterday’s trade, along with commodities broadly. It appears some markets have stabilized, will that help cattle and hogs?
Grains are mixed in the early morning trade as the selling pressure may be running out of steam.
Cattle futures were under heavy pressure to start Monday’s trade but found support midday to finish back near unchanged on the day.
Grain futures were lower in yesterday’s trade and the first crop condition report didn’t offer any relief as conditions were reported to be better than expected.
Cattle futures were lower in the back half of last week’s trade but still posted an impressive month. What will the month of June hold for cattle and hog futures?