Grains ended mostly lower with technical selling after USDA’s annual Ag Outlook Forum. Cattle marked new highs again with tight supplies expected in the Cattle on Feed report, BSE news and strong product values. Hogs were higher except April, with supportive strong cutouts. Mike Zuzulo of Global Commodity Analytics has the details.
Grains End Lower on Technical Selling, USDA Projections While Cattle Hit New Highs as Bullish News Continues
Grains were mostly lower after USDA’s forecasts. Cattle marked new highs again ahead of the Cattle on Feed report, and hogs followed with strong cutouts. Mike Zuzulo of Global Commodity Analytics has the details.
February 23, 2023 02:43 PM
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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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