Crude Oil
Diesel prices are just 20 cents from a record high, with multiple states already setting new records. Experts warn relief is uncertain as prices could remain elevated through 2026.
Scott Varilek with Kooima Kooima Varilek says cattle plunged late week after contract highs due to fears of the border reopening to Mexican imports.
Brad Kooima with Kooima Kooima Varilek says the live cattle futures are chasing sharply higher cash trade from last week.
Brad Kooima with Kooima Kooima Varilek says the rally late last week was impressive considering the equity markets were sharply lower on Thursday and Friday plus crude oil was higher.
Joe Kooima with Kooima Kooima Varilek says the ability of the cattle market to divorce itself from the outside markets the last two sessions has been very impressive.
Cattle futures are higher early following the big rally in the equity markets says Scott Varilek with Kooima Kooima Varilek.
Joe Kooima of Kooima Kooima Varilek says cattle and hogs are struggling Thursday with the set back in the equity markets.
Brad Kooima with Kooima Kooima Varilek says there were a couple of reasons the market ignored the strike and the biggest was the higher equity markets and lower crude oil
Cattle futures are higher early Friday in tandem with the bounce in the equity markets and the pull back in crude oil and the energy markets according Scott Varilek of Kooima Kooima Varilek.
Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.
Scott Varilek with Kooima Kooima Varilek says the uncertainty of the war in Iran has caused some reallocation of money this week.
As brent crude futures soar toward $100, it’s creating a new battle in the Federal Reserve’s effort to fight inflation. One money manager warns another rate hike is likely.
Freight costs are likely to remain elevated through the winter, despite the recent decline in crude oil prices.