Livestock consolidating with higher feed prices and weak product values. However, cattle are still supported by strong cash. Grains mixed with soybeans and meal seeing a big rally on export biz and Argentina weather concerns, corn is trying to follow. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Livestock See Steep Losses with Higher Feed, Soft Product: Rally in Beans and Meal, Corn Follows
Livestock consolidating with higher feed prices and weak product values. However, cattle supported by strong cash. Grains mixed with corn following higher beans and meal. Brad Kooima, Kooima Kooima Varilek.
December 06, 2022 11:33 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.
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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