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.
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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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