Hogs and cattle trying to recover early after yesterday’s selloff due to disappointing cash and ahead of USDA Reports. Grains trade two-sided with decent weekly exports vs. improving weather in Argentina and the Southern Plains. Scott Varilek of Kooima Kooima Varilek has details.
Livestock Try to Recover After Cash Disappointment Thursday: Grains Trade Two-Sided on Weather vs. Exports
Livestock try to recover after lower cash, ahead of USDA Reports. Grains two-sided with good weekly exports, but traders are cautious with better weather. Scott Varilek of Kooima Kooima Varilek has more.
January 20, 2023 09:02 AM
Related Stories
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.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
