AgDay TV Markets Now: Bryan Doherty with Total Farm Marketing talks about the new contract lows in Class 3 fluid milk prices and when the market might improve.
AgDay TV Markets Now: Bryan Doherty Discusses the New Contract Lows in Milk and When Prices Might Improve
AgDay TV Markets Now: Bryan Doherty with Total Farm Marketing talks about the new contract lows in Class 3 fluid milk prices and when the market might improve.
June 20, 2023 07:30 AM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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