Market anxiety spilled into beef and pork prices this week, sending futures contracts sharply lower. Meat demand is reactive to overall economic concerns; when people have extra money, they’re more likely to buy steaks, but…
Author: alex Breitinger
Cattle Market Trampled
Agricultural commodities have been dropping this year, primarily on concerns of falling global trade and decreasing foreign demand for U.S. ag exports. When the coronavirus was primarily contained within China, the hardest-hit markets were those…
Wheat Catches Fire
Wheat exploded to a 16-month month high on Friday, with prices for the Chicago wheat contract topping $5.60 per bushel. The market is being bolstered by potential Chinese demand. Following the trade deal, market watchers…
Hong Kong Support Sends Grains Tumbling
On Wednesday, President Trump signed legislation in support of Hong Kong’s pro-democracy protestors, a move that is angering mainland China. The Chinese government is accusing the United States of meddling in its domestic affairs. While…