Thursday, August 6, 2020 2:46PM CDT
The majority of retail fertilizer prices declined this week, with UAN prices dropping 4% compared to last month. Two fertilizers, DAP and MAP, saw slightly higher prices.
Thursday, August 6, 2020 2:41PM CDT
Cattlemen were leery of this summer's early feeder cattle market, but as time progressed, prices have gotten closer to rallying the three-year averages. Heading into fall, the biggest question is one that distinctly differentiates the bulls from the bears. Will feeder cattle prices keep with their recent momentum, defying all odds and moving past any fundamental worry, or will an overabundance of supply hitting this fall's later sales drive prices lower?
December corn is up 1/4 cent per bushel, November soybeans are down 2 1/4 cents, and September KC wheat is up 1 1/2 cents.
Cattle futures are expected to coast into the weekend with limited significant market moves likely to develop before the end of the week. Firm support in boxed beef values and cash cattle trade is sparking additional interest, although buyer interest is expected to remain generally quiet.