Grain and livestock futures close higher on Friday. Money flowed into commodities in a risk on session, especially as the dollar broke. Report positioning was also a factor. Cattle saw strong chart based buying with more new contract highs in deferred live cattle, while hogs posted a higher week and may have bottomed. Michelle Rook covers it all with Chuck Shelby of Risk Management Commodities.
Risk on Day Brings Money Into Commodities as Dollar Dips Ahead of Report: Deferred Live Cattle Continue to Crack Contract Highs
Grain and livestock futures close higher on Friday. Money flowed into commodities in a risk on session, and as the dollar broke. Michelle Rook covers it all with Chuck Shelby of Risk Management Commodities.
September 09, 2022 02:13 PM
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