Cattle lower, but with higher cash and cutouts and tight supplies is this just healthy profit taking? Hogs try to recover after technical damage and China trade concerns. Corn and soybeans position ahead of the report but are still rangebound. Brad Kooima of Kooima Kooima Varilek has analysis.
Live Cattle See Profit Taking after NCHs, Hogs Try to Recover: Grains Mixed Ahead of USDA Report
Cattle lower, but with is this just healthy profit taking after contract highs? Hogs try to recover after new lows. Report positioning in the grains. Brad Kooima of Kooima Kooima Varilek has analysis.
February 07, 2023 11:31 AM
Related Stories
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.
Read Next
Was Ron Fode’s real crime saving his crops? “The state tried to bury us, but the truth is hard to hide,” he says.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
