Live cattle futures score new contract highs after a bullish COF report and strong cash. Hogs consolidate, while grains see technical selling and a lack of bullish news to push the market higher. Talk of extending the Ukraine export deal also weighted on futures as well as poor export inspections for corn and wheat. Michelle Rook breaks it down with Pat Von Tersch of Professional Ag Marketing.
Live Cattle Score New Contract Highs on Report and Strong Cash: Hogs Consolidate, With Grains Lower on Technical Selling
Live cattle hit new contract highs after bullish report, strong cash. Hogs consolidate, grains see technical selling & lack of bullish news. Michelle Rook talks with Pat Von Tersch of Professional Ag Marketing.
October 24, 2022 03:07 PM
Related Stories
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.
Read Next
Dust became dollars in one of the wildest agriculture crimes on record.
