Grain markets were quietly lower on Thursday, seemingly waiting on the next headline to move the markets. Could that be something from Friday’s expected President Trump/President Xi conversation? Could it be more concrete yield results from harvest? We take a look at this week’s trade and get perspective from Bryan Doherty, Senior Market Advisor at Total Farm Marketing. More online at https://www.totalfarmmarketing.com.
Also, the roller coaster ride in the cattle market carried over into Thursday’s trade, as volatility remained the theme. On this week’s Cattle Chatter with Brad Kooima of Kooima Kooima Varilek we assess the chart damage from last week’s selloff, which left the market searching for support. One factor in play is the regional difference in supply. The South continues to show larger cattle numbers, while the North is running tighter, yet more cattle are being moved south to fill pens. At the same time, carcass weights are edging higher, adding additional tonnage to overall supplies. On the technical side, analysts are keeping a close eye on the 20- and 40-day moving averages. Those levels will be key in determining whether the market can stabilize or if more downside pressure is ahead. For now, the tone remains cautious as traders weigh both fundamentals and technical signals.
