Markets Now with Michelle Rook

Scott Varilek, KKV, says cattle are trying to recover after the trifecta that tanked futures and cash Thursday, including a new bird flu strain. Grains are under pressure, with hogs higher.  

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Dave Chatterton, Strategic Farm Marketing, says grain markets rebound late session led by wheat, hogs end higher but a washout in cattle futures following lower cash and cutouts.  

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Darin Newsom with Barchart says ag markets are seeing some early pressure as they are riding the roller coaster of headlines about tariffs, etc.  When will the market get back to trading its own fundamentals?  

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Kevin Good with CattleFax has the outlook for cattle prices for 2025 from CattleCon 2025.

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Brad Kooima, Kooima Kooima Varilek, says grains and hogs were higher Tuesday with cattle lower for another day but is this a healthy correction in a longer bull market?  

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John Heinberg, Total Farm Marketing, says grains rebound on Mexican tariff delay, but also hope of a China deal and technical buying.  Livestock end lower with tariff concerns weighing on hogs, but cattle saw technical selling after looking tired and with the 5 area weighted average steer at $209.57, down $1.22 from last week. 

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Brad Kooima, Kooima Kooima Varilek, says most ag markets were lower early Monday, except soybeans.  It was in response to tariffs imposed on China, Canada and Mexico and retailiatory measures from those countries.  Hogs are taking the news the worst.  Cattle markets are also sorting through the Cattle Inventory numbers, which were mostly friendly, but the border is reopening to Mexican feeder cattle.

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Bryan Doherty with Total Farm Marketing says ag markets were mostly lower except for cattle on Friday in reaction to 25% tariffs on Mexican and Canada starting this weekend and possible retaliation. Corn had a key weekly reversal lower.  Cattle rebounded with higher cash and ahead of the bullish Cattle Inventory Report.  

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Randy Martinson, Martinson Ag, says grain and hog markets are down reacting to looming tariffs on Mexico and Canada and possible retaliation plus end of month positioning. Cattle are mixed despite sharply higher cash in the South, awaiting the Cattle Inventory Report.  

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Jeff Hoogendoorn, Professional Ag Marketing, says corn, soybeans and cattle all correct on Thursday.  Is the bull run nearing the end in all of these markets or is this just profit taking end of month?  

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