In today's edition of Markets Now, I saw down with host Michelle Rook to break down the grain and livestock markets. We discussed the skepticism surrounding the White House’s unconfirmed $17 billion Chinese agriculture purchase agreement to the stark realities of a zeroed-out Hard Red Winter wheat crop in Kansas. In addition, we dove into the broader macroeconomic pressures facing ags, examining how a hawkish bond market signal points to a potential late-year interest rate hike that could ripple from farm lending directly down to consumer beef demand.
