Cattle are consolidating ahead of the Fed announcement, while hogs are higher. Soybeans rallying on China and Brazil developments and corn is trying to follow. Michelle Rook gets a midsession update with Brad Kooima of Kooima Kooima Varilek.
Cattle Consolidate Ahead of Fed Announcement: Soybeans Rally on Brazil and China News and Pull Along Corn
Cattle consolidate ahead of the Fed announcement, with hogs up. Soybeans rallying on China and Brazil news and corn is trying to follow. Michelle Rook gets an update with Brad Kooima of Kooima Kooima Varilek.
November 01, 2022 11:28 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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