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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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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