Theoretically, in eight days it should all be over.
Of course, I am talking about the current election cycle. We should soon know who our representatives will be in Washington and Des Moines, and we should hopefully know who the new President will be as well. I say that last sentence with all the hope I can muster because unless there is a surprise that comes with an obvious gap, we could be in for another cantankerous couple of days and weeks.
We aren’t the only ones who are closely watching these Presidential elections with interest. Other countries are wondering who they will be dealing with in the next four years. Not only does that concern the foreign relations aspect of our standing on the world stage, but it also means that it could be an interesting trade climate. We are currently operating with a trade deficit. Whoever sits in the oval office in January, they are going to have to address this situation.
Greg McBride is a commodity broker with Allendale, and he talks about the fact that we are seeing a few more grain purchases happening ahead of the elections.
Now, the livestock side isn’t as concerned with the international trade implications of the Presidential elections. They are far more concerned with the domestic demand for proteins. Despite the economic situation, consumer demand has remained high.
It all comes to a head next Tuesday, November 5th.
