Cattle markets rebound on lower corn and higher cash trade ideas, while hogs are consolidating. Grains are mixed midday with corn and wheat seeing some profit taking and spillover from lower crude oil. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Mixed Trade with Profit Taking in Corn, Wheat and Hogs: Cattle Bounce with Lower Corn
Cattle markets rebound on lower corn and higher cash trade ideas, while hogs consolidate. Grains are mixed with corn and wheat seeing profit taking. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
October 11, 2022 11:30 AM
Related Stories
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.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
Read Next
Reopening of the global fertilizer supply pinch point gives optimism but many questions remain.
