AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the rally in corn and if its sustainable, while cattle retreat on disappointing cash.
AgDay TV Markets Now: Oliver Sloup Discusses if the Rally in Corn is Sustainable and Why Cattle Retreated
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the rally in corn and if its sustainable, while cattle retreat on disappointing cash.
November 30, 2023 07:04 PM
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Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
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