As we finished the month of April on Thursday, the wheat market saw more profit taking and followed yesterday’s poor close by leading the grains lower. December corn also struggled to break the $5 mark while soybeans and livestock were mixed. Bryan Doherty with Total Farm Marketing joins us for analysis and perspective. Find more at https://www.totalfarmmarketing.com.
Strong Plains cash cattle trade is taking center stage this week, running $12 higher than last week, with May supplies expected to stay tight. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek says heavier cattle continue to come to market, while the industry holds in a pattern waiting for seasonal improvement in boxed beef values. Despite concerns about large speculative long positions, the overall tone of the market remains strong—highlighting what continues to be an impressive bull run in the cattle complex.
