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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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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