Stock market impacts you

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Last fall, corn and soybean futures experienced a meltdown — due, in large part, to a similar meltdown on Wall Street.

With stocks dropping sharply, investors moved much of their money from riskier investments, like commodities, into safer investments like T-bills and cash.

 Since that time, we have seen further evidence that what happens in the global financial markets has a direct impact on the commodity markets, world trade, the price of food in the grocery store — and your bottom-line.

“Right now, we’re getting paid a little under $10 per every 100 pounds (of milk) that we sell,” says Wisconsin dairy producer Katie Agnew. “A year ago, we were at $25 a hundredweight. So, we’ve dropped quite a bit.”

To read more and to see a video on this phenomenon, click here.

Source: WISN-TV



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