Cattle consolidating early awaiting more cash news and despite higher beef, but does the market have enough wx premium? Hogs see profit taking. Grains mixed ahead of USDA data but is there anything that could be bullish enough to really rally grains? Scott Varilek, Kooima Kooima Varilek, has insight.
Cattle and Hogs Consolidate Eyeing Cash, Wx: Grains Mixed Awaiting USDA Data
Cattle consolidate early awaiting more cash & despite higher beef, but does the market have enough wx premium? Hogs see profit taking. Grains mixed ahead of USDA data. Scott Varilek, Kooima Kooima Varilek, has more.
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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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