The Final Bell

Coronavirus continues to be talked about.  Markets are just not sure what to do at this time, in this phase with the Central Banks continue to print money & China in continued lock down.  More time is needed to gain clarity on how long the demand side hiatus will last.  Markets will continue to struggle.  Any good news could make the markets take off-but any stagnate bad news will have some ill effects.   New Zealand weather-could have an effect on our milk prices here in the United States.   Shawn shares his thoughts on how hogs are some of the hardest hit when a pandemic starts, but they are the first to reverse when things start to turn around.  Australian drought starting to see some rains-that will play in the cattle markets.

Cattle didn't hold the open that started the day. Cash market has a chance to be better. Walmart raising beef & slaughter...not expected to drive near term change to the cattle industry. Hogs see failure once again with bird flu added to the list. Grains closed higher...should be worth something. China asking for patience with Phase One implementation. Basis continues to hold strong. Stock market takes a jump.

The Good the Bad the Ugly. Bloomberg article on China asking for more time. The Brazilian Real continues to be cheap. A lot of uncertainty hanging out there in the markets, more than what we have seen in years past. declining supply of cattle.

Coronavirus continues to have its effects on the markets. Could we see some stimulation in the market from the world banks? Weakness in the dollar-soon see a turn around? Real has also been cheaper than our dollar. Will that continue to hinder exports. South American harvest & weather. This is not a forever deal…the demand we have lost in the nearby will come back multiplied. Struggles in the dairy, correction in the prices isn’t over yet. Hog has their own struggles this week.

Grains struggled in the Thursday trade. Overall commodity weakens. World Health Organization continues to talk about the Corona Virus. The chatter has been the beans & how hard they were hit. Wheat performance though is somewhat encouraging-even though we saw negative numbers. Fear traded markets. Brazil real & how it is affecting our export opportunities in the U.S. ASF & the vaccine. Limit down hogs. Cattle markets had an “okay” type of day.

Lower grains again today. Reaction to the USMCA signing on the U.S. side. Vaccine for ASF. Corona virus-is it impacting the markets? Delay of Phase One because of it in China. How much is fear worked in. South America production could bring some higher results. Cattle tried to push higher, but unable to move.

Higher corn, lower beans & wheat. Corona Virus…what effects will it have on the markets. Real and its marketing tools compared to us. Chinese New Year. How is that playing a tole on the markets? Livestock-no early cash trade. Struggle in the markets yesterday. USMCA, cash cattle, stock markets…all playing in to the market trade.

Lower grain trade to finish out the week. Looking at marketing in 2020, to be able to focus on profitability vs. prices in the markets trade. Are there some fears as they watch impeachment & global market trade talk? Are there concerns about corn-what about the top in October & how does that relate to today’s trade. Soybean trade as well. Heating oil & fuel needs this winter. Chinese New Year

Factors still moving the markets include China as we move 7 days into that 30 day agreement. Not a lot of movement talked about to this point. Kind of leaves us on the fence & following technical. Wheat continues to trek higher until today-but why is it going higher. Current status of South American weather & crop progress. Livestock market…Chinese holiday-sickness…people moving through the country. ASF-is there concern with the week long holiday coming up for China?

Quiet start with the livestock. Tone of the beef is just okay…macro’s have Brad concerned just a bit. Cash cattle. Average weights are disturbing. Year on year comparisons come in higher. Is the market tired for the cattle? Hogs continue to torment. New virus in China-how is that going to affect the markets & heading into the Chinese New Year Celebration. Beans took it in the shorts-is it weather in South America, corn did better but problems talked about it in a variety including wheat.