We saw corn and soybean futures find support to the upside on Thursday, while the livestock complex traded lower with feeder cattle the leader to the downside. Geopolitical risk from disruptions in the Strait of Hormuz and attacks on energy infrastructure have reinforced some inflationary narratives, drawing speculative interest back into grain markets. Bryan Doherty with Total Farm Marketing joins us for a conversation about this week’s trade, inflationary concerns in the broader market and much more. Visit them online for more information at https://www.totalfarmmarketing.com.
As war continues in the Middle East, it is having a dire impact on fertilizer and gas production in the region which is impacting supply and pricing. Melih Keyman is the Founder, President, and CEO of Keytrade, one of the world’s leading fertilizer trading companies. He joins us for some real-time insight into global fertilizer supply flows, shipping constraints, and how disruptions in regions like the Middle East are impacting current market dynamics, including availability, pricing volatility, and grower decision-making in the U.S. market.
The cattle market is running into some technical resistance in the trade, even as strong growing conditions over the past 12 months continue to show up in heavier cattle weights. On this week’s Cattle Chatter, Brad Kooima with Kooima Kooima Varilek discusses the ongoing Greeley strike and its impact on the market, along with improving packer margins compared to just three weeks ago—raising hopes for increased Saturday slaughter runs. With the Cattle on Feed report due out Friday, cash trade may remain quiet until more clarity is available. Viewers are also asking about the Nebraska wildfires and why markets haven’t fully reacted, as well as lingering questions tied to the Holcomb fire and overall slaughter numbers.
