Cattle higher with the lower corn and a short covering bounce but will it hold with cash expectations lower this week? Hogs see some profit taking heading into the Hogs/Pigs Report. Gap lower openings in grains with rain in the forecast but $5.60 may be a good place to buy Dec corn for livestock producers. Brad Kooima, Kooima Kooima Varilek has insight.
Cattle Higher with Lower Corn, Hogs See Profit Taking: Gap Lower Opening in Grains with Forecasted Rains
Cattle higher on lower corn but will it hold with lower cash expectations? Hogs see some profit taking ahead of Hogs/Pigs Report. Gap lower in grains with forecasted rains. Brad Kooima, Kooima Kooima Varilek.
June 27, 2023 09:11 AM
Related Stories
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.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
