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
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
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.
