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Live cattle futures were able to trade to multi-month highs in yesterday’s trade as a red-hot cash trade starts to lure in more Fund participation.
Grain markets had a bullish reversal in yesterday’s trade but failed to find follow-through buying in the overnight and early morning trade. Will buyers show up at the 8:30 open again?
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
Brian Geerlings recently bought a used sprayer and upgraded it with a See & Spray kit. He says weed control can cost $20 to $30 per acre, so being able to see and only spray weeds delivers a big savings.
There are concerns about potential fraud in used cooking oil (UCO) trade as demand for feedstocks to produce biofuels in the U.S. increases.
Ag markets are mostly lower Monday except cattle and nearby soybeans. The record cash cattle trade is trumping the bearish Cattle on Feed Report, says Scott Varilek, Kooima Kooima Varilek.