Jim McCormick with AgMarket.Net recapped the lower day in grain markets tied weather and lower energy prices, despite talk of lower yields. Plus, the chart breakout in cattle. Brian Splitt, AgMarket.Net talked technicals and Laura Edwards, SDSU Extension Climatologist provided an ag weather outlook.<br>See omnystudio.com/listener for privacy information.

AgriTalk-August 04, 2026 PM

AgriTalk PM

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[SPEAKER_C] It's Tuesday afternoon, August 04th, and this is AgriTalk. Welcome to AgriTalk. I'm your host, Michelle Rook. Well, grain markets could not extend Monday's positive closes, running up into some chart resistance and seeing profit taking. But we did have a trigger, which was favorable weather, which trumped disappointing crop ratings, plus possible progress on peace talks with Iran sent energy markets tumbling, influencing money flow within the grain complex. Cattle futures broke through some chart resistance with help from higher choice cutouts at noon while hogs also bounced with help from higher product values. Details today on AgriTalk, our guest analyst Jim McCormick with AgMarket.Net Later in the show, Laura Edwards, SDSU Extension Climatologist, has our ag weather forecast. Brian Splitt with AgMarket.Net has price action perspective. Right after the news with Spencer Langford, Economist with Pro Farmer. Good afternoon, Spencer.

[SPEAKER_B] Hey, afternoon, Michelle. How are you doing?

[SPEAKER_C] Hey, not too bad. I was sad to see we couldn't extend gains in the grains yesterday. We had a pretty positive close in the corn market, but We did not see the gains extended there or in soybeans. So talk a little bit about some of those losses that we saw.

AgriTalk-August 04, 2026 PM

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AgriTalk-August 04, 2026 PM

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.