Hog Prices-Markets

Darin Newsom, Senior Market Analyst for Barchart, says it could just be an oversold bounce as the equity markets have reached bear market territory and that stabilization is helping to firm up the grain and especially the livestock futures.

Naomi Blohm, Total Farm Marketing, says grains rebound as the market has absorbed much of the tariff news. Meanwhile, livestock saw follow through selling and triple digit losses.

Brad Kooima, Kooima Kooima Varilek, says after a lower start the ag markets reversed with the stock market.

Garrett Toay, AgTraderTalk, says soybeans, livestock and outside markets all had a negative response to China imposing retaliatory tariffs on U.S. imports of an additional 34%. But why was corn up for the week?

Scott Varilek, Kooima Kooima Varilek, says the panic selling continues as China has hit back with a 34% retaliatory tariff on all U.S. goods and other trading partners are looking at counter measures. “This feels a lot like the COVID market response.”

Jim McCormick, AgMarket.Net, says the markets saw risk off selling in response to President Trump’s Liberation Day tariff announcement. He says the markets may not stabilize until after the tariffs go into effect April 9 and trading partners tip their hand on retaliation.

Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains saw risk off selling and positioning ahead of President Trump’s Liberation Day announcement on tariffs. However, Mexico’s president says they don’t want a tit for tat trade war.

DuWayne Bosse of Bolt Marketing says the grain markets are still digesting the USDA report data but are looking ahead now at weather and the impact of “Liberation Day.”

Brad Kooima of Kooima Kooima Varilek says the cattle are seeing pressure on end of quarter profit taking by the funds who are still long in the market. Grains are mixed ahead of the big USDA reports.

Scott Varilek of Kooima Kooima Varilek says cattle have been resilient continuing to shake off any bad news and uncover buying on any break. Grains continue to chop ahead of the weekend.