Grains mixed with lower crude oil, higher dollar, SA weather. Cattle 2-sided watching corn, cutouts and higher slaughter. Hogs rebound w/ higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Grain and Livestock Trade Mixed and 2-Sided Early
Grains mixed with lower crude oil, higher dollar, SA weather. Cattle 2-sided watching corn, cutouts and higher slaughter. Hogs rebound w/ higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
November 14, 2022 11:35 AM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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