Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Livestock Mostly Higher with Lower Corn: Corn and Beans Lower with Higher Dollar, Wheat Up
Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
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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.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
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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