Grains strong putting in weather premium and positioning ahead of the holiday. Follow through buying in live cattle after contract highs with higher corn pressing feeders. And demand concerns especially tied to Prop 12 are pulling hogs into contract lows again. Mike Minor of Professional Ag Marketing covers it all!
Grains Higher on Weather, Pre-Holiday Positioning: Live Cattle Extend Gains, More Contract Lows in Hogs
Grains higher on weather and pre-holiday positioning. Fund buying in live cattle after contract highs, higher corn presses feeders. Hog hit contract lows on demand concerns. Mike Minor, Professional Ag Marketing.
May 26, 2023 09:16 AM
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
