What matters most right now in the grain markets may not just be weather or exports, but policy and the headlines attached to it. From trade discussions to geopolitical tensions, outside influences continue to take center stage in daily market direction.
Livestock markets are also closely watching the movement in grain prices. Questions remain whether the hog market has finally started to carve out a bottom, while feeders continue trying to catch up to the strength seen in the fats.
And don’t forget, traders will be positioning ahead of Friday’s United States Department of Agriculture Cattle on Feed report, which could offer another key piece of direction for the cattle complex.
Tuesday Market Wrap Up with Mike Zuzolo at Global Commodity Analytics:
