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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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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