Hurricane concerns are looming over agriculture, with potential impacts on crop quality and transportation, while tar spot worries in the Eastern Corn Belt are adding pressure to corn yields. Harvest activity is picking up across the country, but grain markets sold off this week, driven by broader macroeconomic factors like China’s stimulus efforts. Crude oil prices have dropped by $2, which could benefit livestock markets as lower fuel costs ease transportation and feed expenses. There’s a push for higher cash cattle prices this week, although boxed beef prices have softened, creating mixed signals for the cattle market.
Thursday Channel Final Bell with Jim McCormick with AgMarket.Net | 9/26/24
