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Wednesday Channel Final Bell with Joe Kooima of Kooima Kooima Varilek | 10/09/24
Manage episode 444447526 series 3037823
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Steady cattle prices were offered in the north this week, though it seems the basis may have been lost, the potential for lighter kills as packers continue to add pressure to the trade. The market is still contending with heavy cattle in the south, but despite these challenges, the cattle market has seen a strong rally overall, showing resilience in the face of various pressures. Soybeans led the trade today, supported by strength in the wheat market. Global demand for U.S. grains is picking up, providing a boost amid market uncertainties. However, ongoing tensions and pressure in the Middle East will continue to weigh on the market, influencing both short-term movements and long-term outlooks for U.S. grain exports. These factors will likely remain key drivers as the global situation unfolds.
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