Cattle mxed with hogs lower at midday but what is it going to take to bottom the hog market? Grains trying to hold gains led by wheat, which may be putting risk premium in. Have soybeans taken out enough Argentina weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
Livestock Mixed, Cattle Awaiting Cash Direction: Grains Firmer Led by Wheat but Have Soybeans Taken Out Enough Weather Premium?
Livestock mixed, with cattle awaiting cash direction. Grains trying to hold gains led by wheat, have soybeans taken out enough weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
January 25, 2023 11:45 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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