Grains trade higher continuing to work in USDA Report numbers, the weather and higher crude oil with possible OPEC production cuts. Live cattle higher again after new contract highs Friday but feeders see profit taking with higher corn and hogs are also back lower. Allison Thompson with The Money Farm has analysis.
Grains Higher Still Working in Report Numbers, Weather and Higher Crude Oil: Live Cattle Extend Gains
Grains higher continuing to work in USDA Reports, weather & higher crude oil with possible OPEC production cuts. Live cattle up again after new highs Friday. Allison Thompson with The Money Farm has analysis.
April 03, 2023 09:04 AM
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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.
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