Mostly higher grain and livestock prices continue except feeders with help from outside markets especially the sharply lower dollar. Higher product values continue to support cattle and hogs and firm cash ideas. Brad Kooima of Kooima Kooima Varilek has more.
Markets Mostly Higher with Help from Outside Markets, Lower Dollar: Strong Product Supports Livestock, Firm Cash
Mostly higher grain and livestock prices, except feeders, with help from outside markets, like a lower dollar. Higher product values support cattle and hogs and firm cash ideas. Brad Kooima of Kooima Kooima Varilek
December 13, 2022 11:37 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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