AgDay TV Markets Now: John Payne of Hedge Point Global Markets discusses the profit taking in grains Thursday and new highs in live cattle off sharply higher cash.
AgDay TV Markets Now: John Payne Talks About Profit Taking in Grains and New Highs in Live Cattle on Big Jump in Cash
AgDay TV Markets Now: John Payne of Hedge Point Global Markets discusses the profit taking in grains Thursday and new highs in live cattle off sharply higher cash.
March 30, 2023 04:17 PM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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