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Commodity markets are broken

Missoulian - 3/25/2020 5:32:00 PM
During this crisis, the American people instinctively knew what they needed: food. News showed empty store shelves as politicians warned not to hoard and promised plenty of food. If our

LIVESTOCK-Cattle futures soar as beef prices surge; hog futures follow

Reuters - 3/23/2020 10:22:00 PM
U.S. live cattle futures rose their daily limit on Monday, lifted by strong packer margins, rising wholesale beef prices and expectations of higher cash cattle prices this week after Tyson Foods said it would pay producers a one-time premium,

Beef market falls victim to virus, OCA leader says

Capital Press - 3/16/2020 10:48:00 PM
Sharp told the Douglas County producers that his message regarding the beef market and prices was encouraging up until about three weeks earlier. He said beef has suffered “primarily because of the coronavirus pandemic.” “U.S. beef as a commodity is impacted by world events,” he explained. “The futures of beef, the cash price of beef ...

Brazil beef exports to China rise in March -sources

Reuters - 3/28/2020 7:44:00 AM
Brazil's main buyer of beef, China, has resumed imports of Brazilian meat in high quantities, after a slowdown in the first two months of the year due to the coronavirus outbreak, industry sources told Reuters.

KP sees 15-20pc hike in prices of basic commodities

Pakistan Today - 3/27/2020 5:25:00 PM
Despite clear instructions from the provincial and federal governments, the district administration failed to control commodity prices amid the Covid-19 pandemic. In Peshawar, traders have increased the prices of pulses, flour, beef, sugarcane by Rs 20-30 per kilogramme without the approval of the district administration. On retail outlets ...

Cebu City limits purchase of basic commodities

Sun Star - 3/21/2020 4:25:00 PM
The ordinance only allows consumers to purchase the following goods in limited numbers: canned sardines (six cans); other canned goods such as meat loaf, corned beef, tuna (three cans ... 11 to create the Price Control Task Force after receiving reports of overpricing of basic commodities by several establishments. The task force will inspect ...

US: Significant increases in price for fruit this week included only avocados

FreshPlaza - 3/16/2020 2:00:00 PM
Saint Patrick's Day was the major focus of almost all flyers, with cabbage, potatoes, carrots, onions, corned beef, and Irish soda bread widely ... The total number of ads broken out by commodity groups: fruit 173,367 (50% of all ads), onions and potatoes ...

Demand remains strong amid price volatility

Anniston Star - 3/28/2020 6:47:00 AM
He has watched the price of corn plummet in the wake of the global pandemic that is also negatively affecting other commodity prices as well as the ethanol industry. “Corn growers are really hurting,” Zylstra says.

The Old-Fashioned Idea of Cattle Prices Following Stock Prices - 3/17/2020 6:28:00 AM
Ground beef prices are actually still up 6.5% over year-ago prices ... People will continue eating beef and buying beef." In the quest for understanding which commodities "should" be responding to the coronavirus panic, perhaps we should be looking elsewhere than the live cattle futures market (to say nothing of the poor, oversold feeder ...

Cattle Prices Limit Up

Inside Futures - 3/17/2020 6:09:00 PM
The commodity markets across the board had a relief rally as the U.S government looks to support prices as the stock market had its worst trading session yesterday since 1987 as share panic has hit this country as I think this is way overblown, however stay short as there is weak demand for beef. Cattle is trading far below their 20 and 100 day ...