Corn, Wheat and Hogs Lower on Profit Taking and China COVID Cases: Soybeans and Cattle Trade Weather
Markets Now Closing Markets 12/29/22
A mixed day in grain and livestock markets. Soybeans held above $15 maintaining Argentina weather premium, while corn hit chart resistance and set back with wheat on end of the year profit taking and rising COVID cases in China. Live cattle made some new contract highs with weather and firming cash bids, while hogs consolidated. John Heinberg of Total Farm Marketing has details.