Grains See Corrective Buying After Tough Week but Will it Hold? Cattle Lower After Steady Cash

Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.

Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, poor exports. Hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.

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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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