Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces with the soybeans and crude oil, lower dollar. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Live Cattle, Corn and Soybeans Bounce Off Support with Higher CO, Lower Dollar: Hogs See Technical Buying
Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces w/soybeans and CO. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
November 15, 2022 11:31 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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