Livestock see 2-sided trade early with a little consolidation. Cattle futures are still at a discount to last week’s cash which is supportive as well as higher boxed beef. However, Brad Kooima of Kooima Kooima Varilek thinks cash many only be steady this week after last week’s record. Hogs are trying to bottom but June needs to close higher today to confirm.
2-Sided Trade in Livestock, Will it be Another Record Week for Cash Cattle? Some Consolidation in Grains
2-Sided in livestock with some consolidation. Will cash be higher again this week? Are hogs trying to bottom? Some profit taking and spread unwinding in corn. More with Brad Kooima, Kooima Kooima Varilek.
April 18, 2023 09:28 AM
Related Stories
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Read Next
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
