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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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.
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