Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs bounce off new contract lows Thursday. Randy Martinson of Martinson Ag has more.
Grains Mixed Ahead of WASDE, Trading Weather: Cattle See Profit Taking Hog Try to Bounce Off Fresh Lows
Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
April 10, 2023 01:25 PM
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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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