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
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
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.
Read Next
In a seismic ruling, the Pennsylvania Supreme Court ruled that wildlife officers may not enter private land without probable cause.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
