Live cattle back lower with more steady cash trade today a bit disappointing for the bulls. Hogs extend gains on short covering. Grains still under pressure with slow exports, profit taking and lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing has details.
Grains Lower at Midday: Livestock Mixed
Live cattle lower as steady cash disappoints. Hogs extend gains on short covering. Grains down with slow exports, profit taking, lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing.
December 01, 2022 11:31 AM
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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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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