Grains ended mixed on Thursday influences by technicals, outside markets and money flow more so than fundamentals. Live cattle traded higher reacting to steady to higher cash trade with $142 paid in the South up $1, feeders failed. However, hogs saw more technical buying on ideas the cash is bottoming. Michelle Rook gets details with Chip Nellinger of Blue Reef Agri-Marketing.
Grains End Lower, Livestock Higher Except Feeders: Money Flow Dominates Trade Over Fundamentals
Grains ended mixed on Thursday influences by technicals, outside markets and money flow. Livestock were mostly higher with stronger cash. Michelle talks with Chip Nellinger of Blue Reef Agri-Marketing.
Related Stories
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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
Read Next
Reopening of the global fertilizer supply pinch point gives optimism but many questions remain.


