Live cattle look lethargic midday despite positive fundamentals and higher feeders, hogs are mostly lower. Grains are all higher with technical buying and weather a factor. Brad Kooima of Kooima Kooima Varilek has details.
Live Cattle Lower Despite Positive Fundamentals and Higher Feeders, Hogs Lower: Grains See Corrective Bounce, Weather Premium
Live cattle look lethargic midday despite positive fundamentals & higher feeders, hogs are mostly lower. Grains higher with technical buying, weather premium. Brad Kooima of Kooima Kooima Varilek has details.
December 20, 2022 11:28 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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