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
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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