Grain markets lower early with harvest pressure, disappointing exports and the higher dollar once again factors. Livestock open higher then turn mixed. Hogs trying to bounce off 10 month lows with decent exports, while cattle continue to see technical selling on rallies and with lower cutouts. Michelle Rook is joined by Allison Thompson of The Money Farm.
Grains Lower with Harvest Pressure and Slow Exports: Livestock Open Higher then Turn Mixed
Grain markets lower early with harvest pressure, slow exports and the higher dollar once again factors. Livestock open higher then turn mixed. Michelle Rook is joined by Allison Thompson of The Money Farm.
October 06, 2022 08:44 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.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
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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