A week ago, WPI wrote about how farmers are optimistic about better markets for 2018 based on several at least somewhat positive factors. We should have waited a week. The markets changed a lot in this holiday-shortened trading week after starting the Monday evening session strong after the long weekend. That strength disappeared during the night session, however, and markets traded lower Tuesday and have been lower since. What’s interesting about the change is that much of the weakness was the result of outside market factors, including:
Fresh concerns about Italy’s upcoming elections and the economic outlook for that country, including the possibility Italy might leave the Euro Zone. Those Italian worries ca...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
