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.
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DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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