Markets were steady to a bit lower for most of the Sunday evening session. They then started a rally with this morning's opening that was sustained throughout the day because of several reasons. General Comments Markets were steady to a bit lower for most of the Sunday evening session. They then started a rally with this morning's opening that was sustained throughout the day. It was difficult to attribute this action any one factor, but below are some of the issues that brought us a firmer market:
The word "inflation" was creeping into the general market talk. Crude oil was up, and the U.S. dollar was sharply higher. Financial markets finished the day strong. It is dry across Russia and Ukraine as the winter wheat planting season i...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
