Meating Market Heat π₯π₯©
Description
BEEF: Prices are surging in the dead of summer β and itβs not slowing down. With record-high cattle costs and packers losing $300 a head, the marketβs acting more like spring than Augustβ¦ so whatβs driving this upside?
POULTRY: Chicken stays steady β strong production, strong demand, and no big price moves on the horizon. With five weeks flu-free and beef heating up, is poultry about to hold its ground or ride the market wave?
GRAINS: Grains keep sliding β with corn dipping under $4 a bushel for the first time in a long while. Soy and wheat are following suit, but could strong soy meal exports shake things up?
PORK: Pork bellies bounce back to $189 β and the strength may hold through monthβs end. But with loins, butts, and ribs slipping, how long will the split market last?
DAIRY:Β The CME heats up β barrel jumps 11, block climbs 12, and butter bucks the trend, sliding 4.
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