Articles tagged under: markets
Limited Number of Feeders Sold in Aberdeen, SD
Published March 18, 2020
Aberdeen-based Hub City Livestock had a feeder cattle sale on Wednesday, but only 500-to-700 cattle were sold. Co-owner Steve Hellwig says normally there would be about 5,000 head through the ring. "We've told our local producers if you don't have…Cattlemen Respond to COVID-19 Impacts
Published March 18, 2020
The cattle industry is responding to market disruptions as a result of the coronavirus outbreak. In a letter to Agriculture Secretary Sonny Perdue, other USDA officials and members of Congress, the U.S. Cattlemen’s Association says producers bottom lines are suffering.…Hope for Market Stabilization
Published March 18, 2020
The market’s reaction to coronavirus fears has been "sell first, ask questions later." That's according to Cornbelt Marketing market analyst Sam Hudson, who thinks once the U.S. government's stimulus packages start to kick in the market environment should stabilize. "Once…A Lot of Cattle Market Clarity to Come
Published March 18, 2020
There have been disruptions within the cattle markets as a result of the coronavirus outbreak. In particular, cattle futures are taking the hardest hit as traders anticipate a slowdown in beef demand with the possibility of a global recession. CattleFax…SDFU Asks for Price Fixing Investigation
Published March 18, 2020
The South Dakota Farmers Union has sent a letter to Governor Kristi Noem and other state leaders asking them to investigate the possibility of price fixing among four U.S. meat packers. In the letter, SDFU President Doug Sombke says packers…Coronavirus Induced Pain Could Last Longer Than Anticipated
Published March 17, 2020
Marex Solutions market analyst Scott Shellady thinks the coronavirus induced pain in the stock market will continue longer than originally thought. "The president keeps talking about bringing down the bell curve. We're on the uphill side, but the doctors are…An Unusual Corn Market
Published March 5, 2020
Standard Grain President Joe Vaclavik says the corn market is acting unusual. "This is an odd setup for what we're told is a well supplied market. There's no or very little carry in the market. When you get a market…Coronavirus Steals the Show
Published February 27, 2020
The coronavirus continues to steal the show for the grain markets. Global Commodity Analytics and Consulting president Mike Zuzolo says the markets are oversold on the news. "I think most of February could be categorized as almost completely dealing with…Re-Establishing Trade Patterns
Published February 27, 2020
According to Valley City, North Dakota farmer and U.S. Soybean Export Council Chair Monte Peterson, one of the biggest challenges facing the U.S. soybean industry is re-establishing trade patterns. "It all depends on China, opening the China market as soon…