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Mark's Market Talk

March 16, 2020

Today’s report is another example of “if you don’t have anything good to say, keep it short”. The only light we saw in the markets this past week was the freight train that ran over us. May corn closed the week 10 cents lower while May beans were down 44 cents. The headlines continue to feature the coronavirus news and that has investors running as fast as they can. No one can accurately predict when we will see the bottom. At some point these markets will become a buy and they will slowly rebound but we can’t get back what we have lost. The cattle market was a complete disaster last week. With all the travel cancellations and talk of people staying home, the meat trade is going to suffer. The grocery stores are full of carts that have toilet paper and bottled water in them headed to the checkout line. Most seem to be skipping the meat counter. A lot of money will be lost by someone on the sporting events being cancelled. I can’t believe everyone will stay home for long and yet we haven’t seen anything in our neck of the woods yet when it comes to the virus. It probably isn’t a question of if it will show up, but when. As farmers there isn’t much we can do at this point but ride it out and hope for better times.  
Posted: 3/16/2020 1:13:24 PM by Rob Matherly | with 0 comments

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