Grains ended mixed with the lower dollar providing support as well as higher energy prices lifting soybean oil and soybeans. Cattle and hogs were mostly higher with strong cash, but trading within recent highs. Michelle Rook gets insight from Bryan Doherty of Total Farm Marketing.
Grains End Mixed with Lower Dollar, Higher Energy Prices Supportive: Livestock Mostly Higher Pushed by Cash
Grains ended mixed with a lower dollar and higher energies providing support. Livestock mostly higher with strong cash but traded within recent highs. Michelle Rook talks to Bryan Doherty, Total Farm Marketing.
October 26, 2022 02:07 PM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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