Grains open lower with a risk off day in outside markets and export concerns. Live cattle hit more new contract highs off the bullish report, while hogs see profit taking. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
Grains Under Pressure from Risk Off Outside Markets: Live Cattle Make Contract Highs on Bullish Report
Grains open lower with a risk off in outside markets. Live cattle hit more new contract highs off the bullish report, hogs see profit taking. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
October 24, 2022 08:50 AM
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Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.
Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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