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
Related Stories
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Read Next
Tapped by Secretary Rollins, Kip Tom is building a faster, satellite-driven replacement for NASS’s aging survey system, one he says could turn monthly reports into biweekly ones by year’s end for multiple crops.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
