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
Related Stories
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
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.
Read Next
New York launches $30 million relief program offering farmers up to $25,000 as tariff costs mount to $20,000 annually per operation.
