Terry Roggensack
Terry Roggensack, a founding principal of The Hightower Report, analyzes the livestock, grain, and soft markets. Roggensack has over 30 years of experience in the commodity and financial futures industry. In the late 1980s, he briefly lived in London as acting director of a new London clearing firm. Prior to that, Roggensack was director of research at Stotler & Company.
Beef prices lowest since May 20; hog volatility picks up
For cattle, the market doesn't seem to have the bullish demand factors to spark a resumption of the uptrend just yet.
Shift to cool and wet weather next week may ease yield concerns
For today's USDA Supply/Demand report, the average trade expectation for U.S. soybean ending stocks for 2021/22 is 226 million bushels, with a range of expectations from 210 to 255 million.
Wheat may follow other grains lower as sellers are active
Fears linger that Ukraine will still have difficulties getting grain out of the country.
Bearish demand tone but threatening weather; buyers active
The USDA monthly supply/demand report was disappointing, triggering an aggressive selloff in soybeans and corn.
Supply demand for live cattle to turn bullish; decline in lean hogs positive fundamental factor
Supply demand for live cattle looks to turn bullish; decline in lean hog production seen as positive fundamental factor.
Sharp drop in open interest for meal and oil; long liquidation
Like corn and other commodities, the soybean market remains under pressure from deteriorating demand views.