Grains Rally Back on Holiday, Technical Buying: Livestock Lower, Cattle Fade Higher Cash

Grains rally back into the close with technical buying and holiday positioning. Cattle closed lower even with higher cash, hogs also sold off. Michelle Rook w/ Mike Minor of Professional Ag Marketing.

Grains rally back into the close with technical buying and holiday positioning, but the 4 mb export sale to China was helpful as well as higher seasonals. Cattle closed lower a disappointment with higher cash, hogs also sold off. Michelle Rook talks with Mike Minor of Professional Ag Marketing.

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Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
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