Grains adding to gains. Is the market putting in a seasonal low and is it all technical or is there a fundamental? Cattle consolidated this week with bank failures and lower cash, while hogs have a down week with sow liquidation and soft domestic demand. Jeff Hoogendoorn, Professional Ag Marketing has details.
Grains Extend Rally in Bottoming Action with Weather and Technical Buying: Cattle and Hogs Consolidate on Lower Cash, Sow Liquidation
Grains adding to gains. Is the market putting in a seasonal low? Cattle and hogs have a down week with lower cash and sow culling. Jeff Hoogendoorn, Professional Ag Marketing.
May 05, 2023 11:36 AM
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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.
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