Grains bounce pre-report and with improving exports, but will USDA punt or not on yields? Cattle continue to correct with firmer cash ideas, while hogs see seasonal weakness in cash and cutouts. Kent Beadle, Paradigm Futures has more.
Grains Mostly Higher Pre-Report: Cattle Bounce with Strong Cash Ideas, Hogs Consolidate Seasonally
Grains bounce pre-report and with better exports, but will USDA punt on yields? Cattle correcting with firmer cash ideas, while hogs see seasonal weakness in cash and cutouts. Kent Beadle, Paradigm Futures has more.
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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.
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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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