Cattle open lower after a neutral COF, seeing profit taking and the lack of cash weighing on futures. Hogs continue to correct with supplies backing up. Did corn and soybeans put in lows last week after holding long term support? Brad Kooima, Kooima Kooima Varilek, has more.
Cattle Lower After Neutral COF: Hogs Correct but Corn and Soybeans May Have Made Lows?
Cattle lower despite neutral COF, on profit taking and the lack of cash. Hogs continue to correct with supplies backing up. Did corn and soybeans put in lows last week? Brad Kooima, Kooima Kooima Varilek, has more.
January 22, 2024 09:34 AM
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Mike Minor of Professional Ag Marketing says corn and soybeans were positioning ahead of the November WASDE with fears of higher yield.
Mike Minor of Professional Ag Marketing says corn and soybeans were positioning ahead of the November WASDE with fears of higher yield.
Joe Kooima with Kooima Kooima Varilek says its difficult to say because the fundamentals are still sluggish with the north seeing heavy weight cattle that have not been able to find a home.
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