Cattle lower with risk off in outside markets on U.S. and China economic news, despite higher beef prices and lower corn. Hogs see bull spreading with the discount to cash. Grains lower with risk off day and better than expected crop ratings. Dec corn takes out the July low. Brad Kooima, Kooima Kooima Varilek has details.
Grains and Cattle Lower with Risk Off Day on U.S. and China Economic News, Improved Crop Ratings: Dec Corn Breaks July Low
Cattle lower with risk off in outside markets. Hogs see bull spreading with the discount to cash. Grains lower with risk off day and better than expected crop ratings. Brad Kooima, Kooima Kooima Varilek has details.
August 15, 2023 09:55 AM
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Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
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