Grains pop ahead of the USDA Report and with better exports. Cattle trade mostly higher awaiting cash but higher beef prices are supportive, while hogs slide with seasonally lower cash. Scott Varilek, Kooima Kooima Varilek has details.
Grains Bounce Ahead of Reports: Cattle Mostly Higher with Strong Cutouts and Cash Ideas, Hogs Slide Seasonally with Cash
Grains pop ahead of the USDA Report, while cattle trade mostly higher awaiting cash but higher beef prices are supportive, hogs slide with seasonally lower cash. Scott Varilek, Kooima Kooima Varilek has details.
August 10, 2023 11:30 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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