Cattle end higher on stronger cash and ahead of the COF which confirmed tight supplies. Hogs lower for the week so is the market rolling over? Grains see a technical bounce as markets are oversold. Scott Varilek, Kooima Kooima Varilek, has analysis.
Cattle Higher with Stronger Cash and COF Confirming Tight Numbers, Hogs Roll Over: Grains See Technical Bounce
Cattle end higher on stronger cash and ahead of the COF which confirmed tight supplies. Hogs lower for the week. Grains see a technical bounce as markets are oversold. Scott Varilek, Kooima Kooima Varilek, has more.
September 22, 2023 02:39 PM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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.
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