Grains end mixed on Friday but were well off lows with a reversal in outside markets and the lower dollar, which also helped cotton. Grains continue to focus on demand, especially exports now that harvest is past the 50% mark. Live cattle scored more contract highs in October and December ahead of the Cattle on Feed report. Hogs scored new highs with support from higher cash. Michelle Rook gets details with Alan Brugler of Brugler Marketing.
Grains End Mixed Taking a Cue from Outside Markets, Lower Dollar While Cattle and Hogs Hit New Highs
Michelle Rook talks to Alan Brugler of Brugler Marketing to end the week.
October 21, 2022 02:54 PM
Related Stories
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.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
