Grains just slightly lower corn holding support at the March lows. Are grains about ready to bottom and put in a spring rally? Cattle markets continue to consolidate and imply lower cash, but how much more downside risk is there? Will hogs ever bottom? Rich Nelson of Allendale covers it all!
Grains Slightly Lower but Are They Close to a Spring Low? Cattle and Hogs Also Pressured with Cash the Key
Grains quietly lower, but are the markets close to a bottom and ready to put in a spring rally? Cattle and hogs are under pressure with cash the key to bottoming. Rich Nelson of Allendale has more.
April 26, 2023 09:18 AM
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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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