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
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
