Cattle recover after profit taking Monday, but did not do technical damage. So will the market retest the highs and will cash be higher again this week? Hogs bounce but are in a sideways range. Grains are quietly mixed but corn tries to bounce off of new lows. Brad Kooima, Kooima Kooima Varilek has details.
Cattle Recover After Profit Taking Monday, Hogs Bounce: Grains Quietly Mixed With Corn Trying to Bounce After New Lows
Cattle recover after profit taking Monday. How high will prices go and will cash be higher again this week? Hogs bounce. Grains quietly mixed after new lows in corn. Brad Kooima, Kooima Kooima Varilek has more.
September 19, 2023 09:46 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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