Easter Bunny brings the chocolates for restockers
Widespread rain across the East coast has bolstered buyers’ confidence in the market, causing a surge in demand and a lift in prices across the indicators. The Easter break has seen disruptions to sales due to public holidays, but during this 4-day selling week, there was an increase in yardings on the previous week’s 4-day […]
Rain revival for the cattle market?
Widespread and heavy rain is falling in key cattle country, and it’s enough to disrupt the flow of cattle to market. After short weeks due to holidays, near-term supply in the north is likely to tighten up with buyers expected to pay up to fill any gaps in the weeks ahead. In the last week, […]
USDA uncovers a big hole
Last week, I finished off the weekly market comment by saying “ Unless the USDA surprises with a sharper-than-expected reduction in corn area, I suspect the trade are pretty well positioned.” Surprise, surprise, the USDA report released last Friday did end up a market mover. While US wheat and soybean area were right on the […]
