Cattle fade a lower open and bearish COF report to end higher with strong cash and weather both supportive. Hogs reacted to a bearish USDA report with big upfront supplies. Grains all higher on EOY trade, Brazil weather and demand news and/or China talk. Scott Varilek, Kooima Kooima Varilek, has more.
Cattle Shake Off Bearish COF, Grains See EOY, Wx and Demand Pop: While Hogs Digest USDA Data
Cattle faded a bearish COF report twith strong cash and weather both supportive. Hogs reacted to a bearish USDA report. Grains up on EOY positioning, SA wx and demand. Scott Varilek, Kooima Kooima Varilek, has more.
December 26, 2023 02:39 PM
Related Stories
Corn and soybeans were lower on Thursday seeing further consolidation after hitting chart resistance and with the WASDE on Friday.
Grain markets were lower on Wednesday and to start Thursday, seeing profit taking after hitting key chart resistance and with cooler, wetter extended weather forecast for the Midwest. That’s according to Randy Martinson with Martinson Ag.
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Read Next
Under a 10-year settlement, farmers gain the same capabilities as dealers to reset fault codes, pair electronic components and bypass emissions-related shutdowns.
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.
