The markets were slightly higher overnight, and those gains turned into a mini short covering rally this morning. Outside markets were also mostly higher to end the week, but none of the buying was very enthusiastic with financial markets trading lower by mid-morning. General Comments The markets were slightly higher overnight, and those gains turned into a mini short covering rally this morning. Outside markets were also mostly higher to end the week, but none of the buying was very enthusiastic with financial markets trading lower by mid-morning. Crude oil prices lost about 10 percent this week.There wasn’t much news to push prices higher, but below are some of today’s headlines:
The U.S. jobs report was much stronger than expected...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
