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
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Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
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.
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