Cattle start off higher and then turn mixed with some end of the month profit taking but should be well supported with ideas of strong cash. Hogs also turn mixed still fighting the futures premium to the index and poor technicals. Grains continue to see fund liquidation especially as support areas are violated including $15.00 on soybeans. Brad Kooima of Kooima Kooima Varilek has more.
Livestock Mixed on End of Month Positioning: Funds Continue to Sell in Grains with Support Violated
Livestock mixed on end of month positioning. However, cattle should be supported by higher cash ideas this week. Funds continue to sell in grains taking out support. Brad Kooima of Kooima Kooima Varilek has more.
February 28, 2023 09:19 AM
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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.
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