Grains mixed and quiet ahead of the WASDE report but outside markets have settled down. Livestock mostly lower with cattle consolidating awaiting cash direction and hogs pressured by rising numbers. Michelle Rook has a short update.
Grains Quietly Mixed Awaiting WASDE: Livestock See Early Pressure
Grains mixed & quiet ahead of the WASDE report but outside markets have settled down. Livestock mostly lower w/cattle consolidating awaiting cash and hogs pressured by rising numbers. Michelle Rook an update.
March 08, 2023 09:09 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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