Friday Channel Final Bell with Shawn Hackett with Hackett Financial Advisors | 8/16/24

The grain markets have taken a hit, contributing to the overall sloppiness in the trade. Traders are uncertain about their next moves, as they’re bombarded with rollercoaster economic news that makes it difficult to predict market direction. With the possibility of rate cuts after the September meeting, there’s added speculation about the future. Crop tours are just around the corner, and their findings will be crucial, especially with potential hurdles looming for the South American growing seasons. In the livestock sector, high milk prices and low feed costs offer some relief, but the recent drop in the cattle market adds to the uncertainty for beef.