Cattle open strong with more new contract highs in fed and feeders following higher cash trade, but keeping an eye on debt ceiling talks. Hogs gap lower into contract lows again. Grains are mixed with corn up slightly on weather and despite poor exports. Soybeans have been a reluctant follower. Scott Varilek, Kooima Koomia Varilek.
Cattle Make New Highs Following Strong Cash, But Hogs Gap Into Contract Lows: Grains Mixed on Weather and Exports
Cattle open strong with contract highs following higher cash trade. Hogs gap lower into contract lows again. Grains are mixed watching weather and exports. Scott Varilek, Kooima Koomia Varilek.
Related Stories
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Read Next
With the lame-duck session looming, lawmakers scramble to mend a divided Ag Committee over SNAP funding as insiders predict another extension.
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.
