Grain markets are trading under pressure this morning, weighed down by strong U.S. planting progress, broader economic worries, and weakness in crude oil. The headline grabber, though, is fresh GDP data: the U.S. economy unexpectedly shrank by 0.3% in the first quarter. Analysts had been looking for a modest gain, so this surprise dip is fueling fresh recession fears—and stoking anxiety over the ongoing tariff battle with China.
Cattle markets felt the sting too. June live cattle futures dropped $1.80—marking their biggest single-day loss in nearly three weeks. That ends a 13-session streak of higher daily lows and record-setting gains.
Arlan Suderman with StoneX shares todays market wrap up.
