MARKETS
A lot to cover today as we inch closer to the end of the week, month, and quarter.
A lot of markets are at an inflection point, including corn, soybeans, cattle, and hogs. These are a few things we are keeping an eye on.
Lean hogs were able to bounce off the 200-day moving average yesterday, will the relief rally continue? Can cattle futures continue their rally with a firm cash trade?
What’s instore for this week’s livestock trade?
Will the early strength hold?
Updated fundamentals, charts, and technical levels to watch!
Outside markets are weak on bearish news from China, will that impact the livestock trade?
Lower economic data out of China has raised continued concerns over future demand.
Grain markets are firm in the early morning trade as we enter the last trading day of the shortened week.
Oliver Sloup joins Paul Wankmueller, CMT on Blue Line’s Weekly Market Wrap Up to discuss the week’s action in grain and livestock markets.