Grains and hogs mixed and 2-sided at midday. Cattle see technical bounce but will LC retest last week’s contact highs and what is the cash outlook this week? Michelle Rook asks Brad Kooima, Kooima Kooima Varilek.
Grains and Hogs Trade 2-Sided: Cattle Back Higher on Technical Bounce but will LC Retest Contract Highs?
Grains and hogs mixed and 2-sided at midday. Cattle see technical bounce but will LC retest last week’s contact highs and what is the cash outlook this week? Michelle Rook asks Brad Kooima, Kooima Kooima Varilek.
November 29, 2022 11:18 AM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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