On the weekly podcast by experts Farms.com Risk Management Chief Commodity Strategist Moe Agostino and Commodity Strategist Abhinesh Gopal called Ag Commodity Corner+ Podcast, the team agreed that the markets moved positively the week of May 12 to 16, after the United States and China agreed to a 90-day pause in tariffs.
This agreement brought relief to markets fearing a deepening trade conflict.
There is also speculation that China may seek to extend this pause.
The US stock market rose alongside gains in Bitcoin. Gold prices softened, while lean hog futures broke past $100, nearing new highs – Agostino says he expects a new contract high in the coming days.