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
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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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