Cattle prices exploded this week, rebounding from a six-year low. Prices rose by more than 5.5 cents per pound, “locking limit up” at one point on Thursday, as the market moved the daily maximum of…
Corn Rallies, Despite Record Harvest
Corn prices topped $3.58 per bushel on Friday morning, the highest price in almost three months. Corn is accelerating higher, even as a record crop is coming in out of the field. Over a third…
Too Much Meat & Wheat
USDA Shows Grain Surplus On Friday, the USDA released its quarterly grain stockpile estimates, tallying U.S. inventories of corn, wheat and soybeans. Nationwide wheat stockpiles on September 1 were higher than expected, surpassing 2.5 billion…
Cattle Lunge Lower
After showing signs of life recently, the cattle market turned sharply lower at the end of the week, plunging on Friday. The drop came as U.S. beef prices fell to a three-year low, according to…