Corn and wheat end higher but will there be any follow through buying tomorrow? Soybeans and meal continue to put in SA weather premium. Live cattle end mostly higher with higher cutouts, feeders lower with higher corn, short covering in hogs. Chuck Shelby of Risk Management Commodities has details.
Grains Rally but Will There be Any Follow Through? Livestock Consolidate
Corn and wheat higher but will there be any follow through buying? Soybeans and meal putting in SA weather premium. Live cattle lean higher with cutouts up. Chuck Shelby of Risk Management Commodities.
December 07, 2022 01:48 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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