AgDay TV Markets Now: Jeff Hoogendoorn Says Hog Market Recovery May be Capped by Prop 12 Uncertainty

AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing says hog market recovery rally may be capped by Prop 12 uncertainty.

AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing says hog market recovery rally may be capped by Prop 12 uncertainty.

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The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.

Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
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With the lame-duck session looming, lawmakers scramble to mend a divided Ag Committee over SNAP funding as insiders predict another extension.
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