Wheat: A Star Performer --- Cattle On Feed Report Neutral --- BOC Rate Cut Soon --- Starbuck Woes --- Economy Gearing Down

What’s perking or not perking in the economy these days? As the economy shifts into a lower gear, retail is now receiving a wake-up call from the consumer. Drive-through traffic appears stalling across the fast food industry. Let’s take a deeper look at the impact on profit margins and incoming cheaper hamburger prices ahead as the battle for the consumer intensifies . . . .

What’s happening straight ahead for interest rates? The Fed continues to threaten to hold rates steady or hike rates or cut rates. Pick em. Federal Reserve policy makers appear to be deer staring into-the-headlights. Fed governors continue to contradict one another on the future of rate hikes / cuts / hold.

Wheat has been a star of grain markets lighting-up the price scoreboard over the past few weeks. Is this the top of the range or is there more price horsepower ahead?

Also, this is Cattle On Feed report day, released at 1 p.m. MDT Lets take a look at the April feedlot placements, April marketings and Cattle on Feed numbers . . . .

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