Grains putting in weather premium ahead of the holiday but what will it take to keep going? Live cattle hit more new highs with strong cash and cutouts but what’s it going to take to bottom the hog market? Ted Seifried, Zaner Ag Hedge has the answers.
Grains Put in Weather Premium Before the Holiday: LC Follow Higher Cash, But What Will it Take To Bottom Hogs?
Grains put in weather premium ahead of the holiday but what will it take to keep going? LC hit new highs with strong cash and cutouts but what’s it going to take to bottom the hogs? Ted Seifried, Zaner Ag Hedge.
May 26, 2023 01:21 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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