Grains pushing higher with end of week corrective buying, but still keeping an eye on outside markets with this mornings Jobs Report hitting the equities, slow exports still a concerns with low Mississippi River issues. Hogs are seeing profit taking, with lower cash and live cattle finally respond to higher cash. Michelle Rook talks with Jim McCormick of AgMarket.Net.
Grains and Live Cattle Higher on End of Week Corrective Buying: Hogs See Profit Taking
Grains push higher with end of week corrective buying. Hogs are seeing profit taking, with lower cash and live cattle finally respond to higher cash. Michelle Rook talks with Jim McCormick of AgMarket.Net.
October 07, 2022 11:30 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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