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…
Livestock
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…
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…
Cattle Charge Higher
Cattle futures exploded to a six-month high this week on the heels of strong cash market demand and hope for more agricultural exports to China. Since early September, December cattle futures have risen more than…