Hog Prices-Markets
Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.
Grains markets all hit fresh highs for the move on Friday as funds piled into buy in the complex. Chip Nellinger with Blue Reef Agri-Marketing says they were adding risk premium.
Scott Varilek with Kooima Kooima Varilek says the uncertainty of the war in Iran has caused some reallocation of money this week.
Grain markets eased on Wednesday in tandem with the cooling energy markets, including crude oil says Alan Brugler of A&N Economics.
Grain markets were lower on Wednesday morning as Rich Nelson of Allendale says they are seeing spillover from easing energy markets.
Ted Seifred of Zaner Ag Hedge says while the rally in the energy markets is bullish for grains, the higher dollar and possible demand destruction from the Iran war are bearish. The market is trying to determine which will win out.
Chuck Shelby with Risk Management Commodities says the uncertainty in the grain markets caused some risk off selling by traders but futures ended off session lows.
Brad Kooima of Kooima Kooima Varilek says the grain and cattle futures are reacting negatively to the uncertainty tied to the Iran conflict.
Arlan Suderman with StoneX says the soybean market is still pricing in optimism about China and biofuels.
Soybeans recovered on Tuesday on market talk that China was looking to buy soybeans off the Pacific Northwest says Jim McCormick with AgMarket.Net.