Grains try to recover midday with help from the reversal in outside markets like crude oil. Live cattle are mixed after new highs Monday with bullish hopes for the USDA Cattle Inventory Report. Hogs lower with the futures premium to the LHI and softer cash. Scott Varilek of Kooima Kooima Varilek has details.
Grains Try to Recover Midday with Help From Reversal in Outside Markets: Live Cattle Mixed Ahead of Cattle Inventory
Grains try to recover midday with help from the reversal in outside markets. Live cattle are mixed with bullish hopes for the USDA Cattle Inventory Report. Scott Varilek of Kooima Kooima Varilek has details.
January 31, 2023 02:47 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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