Cattle extend gains after new contract highs, strong beef and record cash, and it could be higher again this week. Hogs see short covering with funds record short. Grains see support from lower than expected crop ratings and a dam that broke in Ukraine that may impact production. Brad Kooima, Kooima Kooima Varilek has more.
Cattle Extend Gains on Record Cash Ideas for This Week, Short Covering in Hogs: Grains Trade Crop Ratings, Ukraine News
Cattle extend gains on record cash and ideas of higher money this week. Hogs see short covering. Grains up on crop ratings and Ukraine concerns. Brad Kooima, Kooima Kooima Varilek.
June 06, 2023 09:50 AM
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DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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