Grains and oilseed futures were largely flat ahead of Friday’s WASDE report with wheat and soybeans finding small gains near the close. Cattle futures found late day strength while hog prices succumbed to more bearish influences and hit new contract lows. Wall Street is mixed with more trade war threats creating uncertainty, despite Elon Musk’s suggestion yesterday that he would take Tesla private at $420/share (Tesla stock rallied 11 percent on the news). Notwithstanding Tesla bullishness, stocks comprising the S&P 500 pushed the index to approach its lifetime high but as of yet the index has not been able to touch or break this point.
Corn December corn finished ½-cent higher today in quiet, range b...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
