Grains start steady to slightly higher but are seeing two-sided trade. USDA Ag Outlook numbers were released but the market seems to be consolidating and looking for direction. Cattle continue to make new highs with strong cutouts and the atypical BSE case in Brazil. Hogs still consolidating. Chuck Shelby of Risk Management Commodities has more.
Grains 2-Sided Early Looking for Direction: Cattle Make New Highs on Atypical BSE Case in Brazil
Grains start steady to higher but turn two-sided looking for direction. Cattle making new highs with the atypical BSE case in Brazil. Hogs consolidating. Chuck Shelby of Risk Management Commodities has more.
February 23, 2023 09:18 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.
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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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