Cattle still trying to recover from the COF bearishness but will the funds keep liquidating and what does this mean for cash? Hogs bounce off more contract lows. Grains see pressure with technical selling on macroeconomic fears. Brad Kooima, Kooima Kooima Varilek, has more.
Cattle Recover Digesting Bearish COF, Hogs Bounce off Contract Lows: Grains See Technical Selling on Macroeconomic Fears
Cattle try to hold early gains after the COF bearishness. Hogs bounce off more contract lows. Grains see pressure with technical selling with macroeconomic fears. Brad Kooima, Kooima Kooima Varilek, has more.
October 25, 2023 09:25 AM
Related Stories
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
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.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
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.
