Monday’s markets were mostly higher except for soybeans. Grains saw a technical correction, while cattle faded the bearish Cattle on Feed Report and hogs continue their technical and seasonal run higher. Michelle Rook talked with Pro Farmer’s Brian Grete to dive into the details.
Monday Markets Mostly Green
Monday’s markets were mostly higher except for soybeans. Grains saw a technical correction, while cattle faded the bearish Cattle on Feed Report and hogs continue their technical and seasonal run higher.
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Sam Hudson of Corn Belt Marketing says the grain rally on Wednesday was impressive but ran out of steam.
Kyle Bumsted of Allendale says corn was taking a breather after 20 cent report gains on Wednesday. Cattle and hogs were down hard.
Dave Chatterton of Strategic Farm Marketing says USDA provided some positive data for the corn market in the WASDE and could be headed for $5.
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