Grain and livestock prices continue under pressure as the macroeconomic markets weigh on commodities, especially the new highs in the dollar. Cattle react to Cattle on Feed news and hogs see follow through selling after lower weekly closes. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Markets Stay Red at Midday with the Dollar up to New Highs
Grain and livestock prices continue under pressure as the macroeconomic markets weigh on commodities, especially the new highs in the dollar. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
September 26, 2022 11:58 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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