Live cattle see more profit taking, despite higher boxed beef and strong cash, feeders react to lower corn. Hogs bounce with lower corn and higher cash and cutouts. Grains lower on profit taking, hedge selling, news Ukraine grain barges are being loaded and a slightly better extended forecast. Brad Kooima of Kooima Kooima Varilek has details.
Live Cattle Lower on Profit Taking, Hogs Bounce with Higher Cash, Cutouts: Grains See Correction Watching Weather and War News
Live cattle see more profit taking, despite higher boxed beef and strong cash. Hogs bounce with higher cash and cutouts. Grains lower on profit taking. Brad Kooima of 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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