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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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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