After early profit taking live cattle are off lows with the bullish COF and cash ideas supportive. Hogs are seeing fund buying and bull spreading, while corn is two-sided watching CO and the dollar. Michelle Rook w/Brad Kooima of Kooima Kooima Varilek.
LC Two Sided on Profit Taking vs. Bullish COF & Cash Ideas, Hogs See Fund Buying: Corn 2-Sided
Live cattle see profit taking after bullish COF and cash ideas. Hogs seeing fund buying and bull spreads, corn is two-sided watching outside markets. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
November 22, 2022 11:51 AM
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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.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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