Market Doesn’t Like Uncertainty

Pluto Commodities market analyst Domenic Varricchio sees interest rates as one part of the uncertainty for the grain and livestock markets. “By golly, by the end of this month, Congress is going to have to figure out whether or not they want to go ahead and raise the debt ceiling or not,” saod Varricchio. “I can say for sure cattle markets don’t like it when the government shuts down. We lose a bunch of the reports that we get from the USDA. I suppose that would also throw the October supply and demand report into jeopardy if we went through a shutdown.”