It was a risk-off day in the grain and livestock markets, with producers keeping a close eye on cattle and feed costs, worrying about a potential long-term downtrend. On this week’s Nebraska Soybean Board Weekly Market Roundup we hear from Shawn Hackett with Hackett Financial Advisors and Kyle Bumsted with Allendale as they break down the long trading week that was only four days. The release of disappointing job numbers has added to the uncertainty, raising concerns that reduced consumer spending could affect grocery demand, including meat purchases. In South America, dry weather is becoming a significant issue as planting season approaches, while the same dryness is hindering grain transportation on key waterways, including rivers in Brazil and the Mississippi River in the U.S. Meanwhile, milk prices are hovering around $23, offering some relief to dairy farmers but still flirting with volatility.
