Grains mixed before the reports but what was the market already telling us about what’s likely in the USDA numbers? We’re also seeing end of quarter profit taking in many markets including crude oil and the equities. Cattle hit more contract highs with higher cash, can it keep going? Hogs working in the report numbers but its also end of quarter. Darin Newsom with Barchart has details.
Grains and Hogs 2-Sided End of Quarter, Ahead of Reports: New Contract Highs in Cattle
Grains 2-sided of quarter and before the reports but what was the market already telling us about the UDSA numbers? Cattle hit more contract highs with higher cash, can it keep going? Darin Newsom, Barchart.
March 31, 2023 09:34 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.
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.
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