Grains mixed in typical pre-holiday positioning. Livestock mostly lower with technical selling, while cash cattle trade is higher. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
Grains Mixed with Holiday Trade: Livestock Futures Mostly Lower, Cash Cattle Higher
Grains mixed in typical pre-holiday positioning. Livestock mostly lower with technical selling, while cash cattle trade is higher. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
November 23, 2022 11:34 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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