Grain and livestock markets turn higher following reversal of outside markets and the lower dollar. Michelle Rook talks with Bryan Doherty of Total Farm Marketing about the impact of money flow on the markets and marketing advice in this environment.
Grain and Livestock Futures Turn Back Mostly Higher with Reversal in Outside Markets and Lower Dollar
Grain and livestock markets turn higher following reversal of outside markets and the lower dollar. Michelle Rook talks with Bryan Doherty of Total Farm Marketing about marketing advice in this environment.
October 21, 2022 11:36 AM
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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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.
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