MARKETS
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?
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.
What’s instore for this week’s livestock trade?
Will the early strength hold?
Updated fundamentals, charts, and technical levels to watch!
Grain markets are firm in the early morning trade as we enter the last trading day of the shortened week.
While the U.S. farm sector will continue to see financial pressure in 2017, there is a modest recovery forecast for U.S. grain prices, according to the Food and Agricultural Policy Institute (FAPRI).
The table detailing the lineage of agricultural machinery companies branches out and grows with each new generation.
As we wait for technical indicators in the grain complex to recalibrate, Oliver Sloup shares his thoughts on the current price action and what the next move could be.