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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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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