# Fed Rate Hikes Shake Up Market - AG INFORMATION NETWORK OF THE WEST

> Chicago SRW, Kansas City HRW and Portland wheat closed lower while December corn rose 2 1/4 cents, per the CME closes reported in the market line. Live cattle for October dipped slightly while September feeder cattle gained $1.42, and August Class III milk fell 50 cents to $20.67.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40616-fed-rate-hikes-shake-up-market-ag-information-network-of-the-west
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A routine closing-price wrap with mixed moves across grains and cattle; the Fed's rate hike is mentioned as a headwind for feeder cattle but no new cause is given for the grain or cattle moves.

## Read by commodity

- WTI: neutral

## Sources

- aginfo.net: https://www.aginfo.net/report/53672/Fed-Rate-Hikes-Shake-Up-Market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.