Cattle See Profit Taking After Chart Breakout on Feeders, Hogs Follow: Row Crops Lower on Better Than Expected Crop Ratings

Cattle see profit taking after a chart breakout, new contract highs in feeders Monday. Hogs consolidate. Grains down on profit taking, better than expected crop ratings. Brad Kooima, Kooima Kooima Varilek has more.

Cattle see profit taking after a chart breakout and new contract highs in feeders Monday. Hogs consolidate but are they close to a low? Grains lower with profit taking and better than expected crop ratings, despite fresh soybean and meal export business. Brad Kooima, Kooima Kooima Varilek has details.

AgWeb-Logo crop
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.
Get News Daily
Get Market Alerts
Get News & Markets App