Cattle and hogs start higher on corrective buying but will the gains hold as the markets fight lower cash and higher weights? Grains get a boost from export sales heading into the WASDE and watching Brazil weather. Scott Varilek, Kooima Kooima Varilek, has more.
Cattle and Hogs See Corrective Buying but Will Gains Hold? Grains up on Export Sales Heading into WASDE
Cattle and hogs higher on corrective buying but will it hold w/lower cash and higher weights? Grains up on export sales heading into the WASDE and watching Brazil wx. Scott Varilek, Kooima Kooima Varilek, has more.
December 08, 2023 09:12 AM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
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