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Corn futures sink to six-month low on outlook for crop-aiding rain, less heat; wheat plunges on Ukraine deal.
Ukraine: Putin ‘spitting in the face’ of U.N., Turkey
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
USDA’s Cattle Inventory Report showed the U.S. cattle herd contracted 2.0% as of July 1. The Cattle on Feed Report showed the July 1 feedlot inventory up 0.4% from year-ago.
While record June beef stocks could imply sluggish demand, it may also be related to facilities building inventories due to ongoing strong exports. Pork stocks declined less than average last month.
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