Grains Lower Early, Livestock Higher: When Will Row Crops Break Out of Their Sideways Range? When Should Livestock Producers Buy Feed?

Grains lower, livestock higher. But when will row crops break out of their sideways ranges? Can beans rally if corn doesn’t? When should livestock producers buy feed? We ask Jon Scheve, Superior Feed Ingredients.

Grains lower early with livestock higher. However, corn and soybeans have been moving sideways, so what will it take to break out of that range? Can soybeans rally if corn doesn’t and when should livestock producers buy feed? Jon Scheve, Superior Feed Ingredients, has more.

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Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
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