Row Crops Higher Expecting Yield Cuts in the WASDE, But Contract Lows in Wheat: Feeders Hit All-Time Highs

Row crops up on the yield cuts expected in the WASDE, while wheat hits contract lows. Feeders make all-time highs, live cattle try to follow. Is the dollar topping? Shawn Hackett, Hackett Financial Advisors has more.

Row crops close higher pricing in yield cuts in the WASDE, with contract lows in wheat. Feeders make all-time highs with live cattle trying to follow. Is the dollar index topping? Shawn Hackett, Hackett Financial Advisors has analysis.

AgWeb-Logo crop
Related Stories
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Get News Daily
Get Market Alerts
Get News & Markets App