Markets are mixed early. Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs continue to see pressure. Grains mixed ahead of the WASDE, but cash basis continues strong. Brad Kooima of Kooima Kooima Varilek has details.
Cattle Make New Highs Anticipating Record Cash Again, Funds Sell in Hogs: Grains Mixed Watching Weather and WASDE
Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs see more fund selling. Grains mixed ahead of the WASDE, watching weather. Brad Kooima of Kooima Kooima Varilek has more.
April 11, 2023 10:42 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
New state restrictions and a proposed AFIDA overhaul could reshape land deals, reporting, and due diligence for farmers.
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.
