Published On Apr 17, 2024
Marlin sat down with Joe Camp for a mid week check in. Wednesday's ag commodity trade was mostly negative, with the wheat market being the weakest link. The weather outlook, with above-normal moisture expected in the Southwest and Midwest, put pressure on the wheat and corn markets. The total energy complex, including crude oil and ethanol, experienced a sharp sell-off, impacting the broader commodity space. The livestock trade was flat, with fears over avian influenza easing. Cold storage numbers for beef and pork were down 12% from a year ago, indicating strong fundamentals. Livestock producers should consider hedging their feed needs during this window of opportunity.
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