The finished cattle market surged during the week ending May 1, climbing from already high levels, University of Tennessee ag economist Andrew Griffith said.
- By Crystal Reed, Iowa Farmer Today
The soybean market was “on fire” to start this week, with bean oil pushing to the upside May 4, adding risk premium due to the war in Iran, said Don Roose at U.S. Commodities.
- Benjamin Herrold
Drought conditions in many major cattle-producing regions of the U.S. could be an obstacle to herd rebuilding efforts.
- Crystal Reed
Drought in the western Plains has some farmers concerned, while the southeast and the upper Midwest is wetter than usual.
- Crystal Reed
The markets are eyeing the forecast to see whether planting progress will push forward or not.
- Benjamin Herrold
The latest USDA cattle on feed report showed lower inventory and placements.
- Crystal Reed
With conflict ongoing in the Middle East, the grain market is looking for other movement.
- Crystal Reed
Calf and feeder cattle markets have been pressured the past couple of weeks, said Andrew Griffith, livestock marketing specialist at University of Tennessee.
- Tim Kenyon
Grain markets are aiming for better results as they adjust to continued military action in the Middle East.
- Tim Kenyon
The bombing in the Middle East this past weekend and subsequent fallout is under evaluation as markets start March action.
- Crystal Reed
Calf and feeder cattle prices remain strong but do seem to have plateaued and are mainly moving sideways, said Andrew Griffith, livestock marketing specialist at University of Tennessee.
- Tim Kenyon
A longtime grain analyst sees positive market effects after the U.S. Supreme Court ruled some of President Donald Trump’s tariffs illegal Feb. 20.
- Crystal Reed
There is little doubt grass cattle buyers are out in full force with lightweight calf prices increasing at a rapid pace, said Andrew Griffith, livestock marketing specialist at the University of Tennessee.
- Crystal Reed
“There is no fun or enjoyment in trading something when one party knows they are pricing a loss from the start,” Andrew Griffith, University of Tennessee livestock marketing specialist, said in a recent column.
- Tim Kenyon
A newly formed council of lawmakers is set to propose rules to break a stalemate over sale of higher-ethanol gasoline, Elizabeth Elkin reported Feb. 11 for Bloomberg News.
- Crystal Reed
The tug of war continues between cattle feeders and packers, said Andrew Griffith, livestock marketing specialist at University of Tennessee.
- Tim Kenyon
A increase in the Chinese soybean commitment would help U.S. crops balance sheets, Price Futures Group analyst Austin Schroeder said.