Grains seeing a technical bounce this morning, but will it hold? Cattle under pressure in response, while hogs are slightly higher but are they trying to bottom? Tomm Pfitzenmaier of Summit Commodity Brokerage has details.
Grains See Technical Bounce but Will It Hold? Cattle Lower with Higher Corn, Hogs Trying to Bottom?
Grains seeing a technical bounce, but will it hold? Cattle under pressure in response, while hogs are slightly higher but are they trying to bottom? Tomm Pfitzenmaier of Summit Commodity Brokerage has details.
January 24, 2023 08:57 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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