Live cattle see follow through selling on risk off in outside markets and lower Southern cash at $170. Feeders leading with lower corn. Hogs gain with strong exports and higher cash. Grains see fund selling on poor exports, bearish WASDE expectations, lower outside markets. Scott Varilek, Kooima Kooima Varilek has details.
Live Cattle Fall with Lower So. Cash, Hogs and Feeders Up: Grains See Fund Selling on Bearish Exports, WASDE, Outside Markets
Live cattle see more selling on outside markets, lower So. cash at $170. Hogs up on strong exports, higher cash. Grains down on poor exports, bearish WASDE. Scott Varilek, Kooima Kooima Varilek has details.
May 11, 2023 09:29 AM
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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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