A market analyst says assumptions that an economic slowdown
is near are holding commodity prices back.
Virginia McGathey is president of Chicago-based McGathey Commodities.
“There is an expectation of a world recession, and I think that’s why you see all the grain markets kind of stalled out. It could definitely be playing a role across the livestock market (as well). That’s why we’re not seeing any of the screaming markets here.”
She tells Brownfield she’s skeptical a global recession will occur.
