Live cattle hit contract highs & see profit taking, but how high will this market go? Hogs correct, while corn and beans are up with the lower $ and bouncing off support. @michellerookag talks to Brad Kooima of Kooima Kooima Varilek.
Live Cattle Hit New Highs then Correct, Hogs Consolidating While Corn and Beans are Up with Lower Dollar, Bounce off Support
Live cattle hit contract highs, then see profit taking. Hogs correct, while corn and beans are up with the lower $ and bouncing off support. @michellerookag talks to Brad Kooima of Kooima Kooima Varilek.
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Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
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