Cattle 2-sided after strong chart action Thursday....positioning ahead of cash and the COF. Hogs continue to correct. Grains extending gains after reversals and with better export news, including a China soybean export sale. Scott Varilek, Kooima Kooima Varilek, has more.
Cattle 2-Sided Awaiting Cash & COF: Grains Build on Reversals and Export News
Cattle 2-sided after chart breakout, awaiting cash and the COF. Hogs continue to correct. Grains extending gains after reversals and with better export news. Scott Varilek, Kooima Kooima Varilek, has more.
January 19, 2024 09:25 AM
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Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
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November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
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