AgDay TV Markets Now: Scott Varilek with Kooima Kooima Varilek says the Cattle on Feed confirmed continued tight supplies and could lead to record prices in 4Q.
AgDay TV Markets Now: Scott Varilek Says Cattle on Feed Confirms Tight Numbers, Could Push Prices to Record Highs 4Q
AgDay TV Markets Now: Scott Varilek with Kooima Kooima Varilek says the Cattle on Feed confirmed continued tight supplies and could lead to record prices in 4Q.
August 21, 2023 04:19 PM
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Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
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