Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed with corn supportive, but headwinds are seasonals, lower cutouts and higher slaughter. Hogs rebound with higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Cattle and Hogs Mixed Fighting Seasonals and Slaughter Numbers: Grains Mostly Lower Following Crude Oil, Higher Dollar, SA Weather
Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
November 14, 2022 08:58 AM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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