Grains end lower on improved weather, profit taking after hitting resistance and ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices and higher cash bids in the South, but will the recovery continue after the key reversal? Naomi Blohm of Total Farm Marketing has insight.
Grains Close Lower on Improved Weather and Profit Taking: Live Cattle Rebound After Key Reversal Monday
Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue? Naomi Blohm of Total Farm Marketing.
April 05, 2023 03:12 PM
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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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