Cattle gain strength with improving cash of $185 in the south, $186 in the North, and shaking off the lower stock market. Hogs see more short covering. Corn and soybeans rally on corrective buying, talk of China soybean business and higher meal. Wheat sees profit taking with Ukraine moving grain through the corridor. Scott Varilek, Kooima Kooima Varilek, joins us.
Cattle Rally with Improving Cash, Short Covering in Hogs: Corrective Buying in Row Crop on Talk of China Sales
Cattle strong on higher cash, shake off lower equities. Hogs see more short covering. Corn & soybeans see corrective buying w/talk of China soybean biz, higher meal. Scott Varilek, Kooima Kooima Varilek, joins us.
October 27, 2023 01:00 PM
Related Stories
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.
