A sharp $15 drop in the Tuesday cash cattle market has traders on edge as the trade fully digests last week’s Cattle on Feed report. Futures are working hard to claw back into the green after the selloff.
On the global front, Ukraine and Russia are reportedly working toward a peace deal with involvement from the Trump administration — adding another layer of uncertainty to commodity movement.
And in South America, planting progress is nearing the finish line, setting the stage for the next shift in market focus.
Mike Zuzolo with Global Commodity Analytics shares the Tuesday Market Wrap Up…
