Nearby cattle make new highs as record cash tricklea in, while hogs make new contract lows following lower cash and cutouts. Corn and soybeans have backed off highs, with wheat as an anchor. However, old crop continues to show how tight supplies are through the bull spreads. While new crop looks forward to growing supplies. Mike Minor of Professional Ag Marketing covers it all!
Nearby Cattle Hit New Highs on Record Cash, Hogs Make New Lows: Grains Off Highs with Wheat as an Anchor, but Bull Spreads Working
Nearby cattle hit new highs as record cash trickles in, while hogs make new contract lows. Corn and soybeans have backed off highs, with lower wheat but still seeing bull spreads. Mike Minor of Professional Ag Marketing.
April 13, 2023 01:24 PM
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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.
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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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