Page 2 - May Class News Today

Lower milk production and record-high milk and retail dairy prices is beginning to impact dairy product consumption at retail and food service.

Feeder Cattle kicked the week off with a bang, Aug. futures jumping up $5 in just one trading session.

Some profit taking cooled off the Wheat market last week, driving prices lower to finish the week.

Cattle make their way out of the trenches, finding momentum with a softer grain market.

July Corn continues to find support from Ukraine, fertilizer shortages and poor planting conditions.

Markets were closed in observation of “Good Friday” so let’s go to Terry Roggensack with the CME Group to see where we left off.

Short term consolidation creates rally despite increased beef production.

Supply issues continue to be top of mind for Wheat and Corn, while Soybean demand picks up.

Grains moved higher, while cattle softened up to finish the week.

Soybeans recovered following March 1 stocks report, showing new crops forecast much higher than expected.