Markets close mixed on Tuesday. The risk off session spilled over from outside markets and their reaction to the CPI. That triggered corrective action in both grains and livestock. Michelle Rook gets details with Brian Grete of Pro Farmer.
Markets Close Mixed: Risk Off Day from CPI Data Drives Corrective Action in Grains and Livestock
Markets close mixed on Tuesday. The risk off session and outside market reaction to the CPI triggered corrective action in both grains and livestock. Michelle Rook gets details with Brian Grete of Pro Farmer.
September 15, 2022 05:46 PM
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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
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