Live cattle trying to recover but held back by feeders which have done chart damage and some steady to lower cash. Hogs firm ahead of a Hogs and Pigs Report that is expected to show contraction. Grains are mixed end of quarter and ahead of reports. Soybeans slide below $13 after failing to close above the 100 day MA, corn still rangebound. Scott Varilek, Kooima Kooima Varilek has details.
Cattle Try to Recover, Hogs Firm Ahead of Report: Grains Mixed with Soybeans Back Below $13, Corn Still Sideways
Live cattle try to recover but held back by feeders and some steady to lower cash. Hogs firm ahead of a Hogs and Pigs Report. Grains mixed end of quarter, pre-reports. Scott Varilek, Kooima Kooima Varilek has more
September 28, 2023 09:21 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.
