Grain markets try to recovery after an ugly week, is this just an end of month dead cat bounce or is the market bottoming? Cattle consolidating with some $173 cash in the south today but higher beef, end of month corrective buying in hogs. Darren Frye Water Street Solutions has more.
Grains Try to Recover After an Ugly Week But is the Market Bottoming? Cattle Consolidating, End of Month Bounce in Hogs
Grain markets try to recovery after an ugly week, is this just an end of month dead cat bounce or is the market bottoming? Cattle consolidating but short covering in hogs. Darren Frye Water Street Solutions has more.
April 28, 2023 11:27 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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