Grains Lower with Higher Dollar and Slow Weekly Exports: Cattle Disappoint After Higher Cash, While Hogs Try to Hold

Grains lower midday on the higher dollar and poor weekly exports. Cattle sell off despite higher cash, while hogs try to hold gains with decent exports. Michelle Rook talks with Randy Martinson of Martinson Ag.

Grains push lower midday on the higher dollar and poor weekly exports, soybeans fade despite more flash sales of soybeans. Cattle sell off despite higher cash, while hogs try to hold gains with decent exports. Michelle Rook talks with Randy Martinson of Martinson Ag.

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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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