Cattle correcting today and the top may be in short term according to Brad Kooima of Kooima Kooima Varilek. What will cash trade do this week? Has the hog rally run its course? Corn and soybeans up on the lower crop ratings and weather, plus the rally in soybean oil. However, how much upside is there?
Cattle and Hogs Correcting but Will it Continue? Corn and Soybeans Rally on Drop in Ratings and Weather
Cattle correcting today and the top may be in short term says Brad Kooima of Kooima Kooima Varilek. What will cash do this week? Has the hog rally run its course? Corn, beans rally on drop in crop ratings, weather.
June 13, 2023 09:26 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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