ANALYSIS: Shifting Market Dynamics Alter Trend Between Cattle and Corn Prices
Cash corn and cattle prices followed a comparable track over the past ten years. However, that tandem trend began to change starting in 2022 due to significant shifts in market dynamics for both commodities.
Omaha, US No 2 Yellow Corn prices peaked at $8.43 per bushel in June 2022, closely challenging the record hit in 2012. The rise in corn prices that year was driven in part by supply disruptions created by the Russia-Ukraine war, as Ukraine is a major supplier of grains to the world markets...
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