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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Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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