Cattle higher with additional cash strength expected this week as packers push kills, hogs drift with lower cash and cutouts. Grains mixed testing resistance and despite fresh export biz. Brad Kooima, Kooima Kooima Varilek has more.
Cattle Higher with Strong Cash Ideas, Hogs Drift: Grains Mixed After Testing Resistance
Cattle higher with additional cash strength expected this week as packers push kills, hogs drift with lower cash and cutouts. Grains mixed testing resistance. Brad Kooima, Kooima Kooima Varilek has more.
October 16, 2023 09:14 AM
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Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
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