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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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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