Wheat and crude oil continued their rally on the back of weather and geopolitical risk in those markets. Corn and soybeans were quiet once again as USDA’s Ag Outlook Forum projected smaller corn acres and higher soybean acres for the year ahead. Bryan Doherty with Total Farm Marketing joins us to discuss the week in the grain and livestock markets. Find more at https://www.totalfarmarketing.com.
Cash is still king in the cattle market, with Northwest Iowa seeing trades at $250, reinforcing the strength of negotiated cash. Attention now turns to Friday, which brings two potential market movers: the latest Cattle on Feed report and another vote at the JBS plant in Greeley, Colorado. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek breaks down the strong cash movement, the impact of heavier cattle, and answers a listener question about cattle in Mexico and whether more are now being processed south of the border.
