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.
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Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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