AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, discusses how much Brazil risk premium soybeans need to add, why wheat tumbled and if cattle can continue to recover.
AgDay TV Markets Now: Shawn Hackett Discusses How Much Brazil Risk Premium Soybeans Need and How Much Cattle Can Recover
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, discusses how much Brazil risk premium soybeans need to add, why wheat tumbled and if cattle can continue to recover.
December 18, 2023 05:11 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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