Grain and livestock prices saw early gains with a recovery in the outside markets in a more risk on day. However, the DOW is back down and dollar is higher so livestock have reversed course. Michelle Rook has the midday update with Brad Kooima of Kooima Kooima Varilek.
Grain Prices Continue Higher but Livestock Give up Early Gains as DOW and Dollar Reverse
Grain and livestock prices were higher early with outside markets recovering, but they are now faltering and livestock have also reversed. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
September 27, 2022 11:29 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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