2023 was a lower year for nearly every major ag commodity market except cattle. Randy Martinson, Martinson Ag, recaps the year and looks ahead at what may move the markets to start 2024.
Grain and Livestock Markets Mostly Lower for Last Day of 2023 and For the Year
2023 was a lower year for nearly every major ag commodity market except cattle. Randy Martinson, Martinson Ag, recaps the year and looks ahead at what may move the markets to start 2024.
December 29, 2023 01:52 PM
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Grain markets were lower on Wednesday and to start Thursday, seeing profit taking after hitting key chart resistance and with cooler, wetter extended weather forecast for the Midwest. That’s according to Randy Martinson with Martinson Ag.
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
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