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Cattle futures higher on short covering, ahead of cash and reports, plus putting in weather premium. Hogs lower on China news, lower cash. Grains futures lower on profit taking. Brad Kooima of Kooima Kooima Varilek.
Soybeans see profit taking, with Argentina rain chances, but follow through buying in wheat pulls corn back up. Cattle seeing short covering, while hogs await a cash bottom. Randy Martinson of Martinson Ag has more.
Sustainable Beef LLC. isn’t the first regional packing plant to be proposed or built in cattle country, but the unique business model may help it to succeed where others have failed.
AgDay TV Markets Now: Darin Newsom, Sr. Market Analyst for Barchart talks about whether or not the U.S. and world economies are moving into recession and what that will mean for agricultural markets and demand.
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing talks about the surprises in the USDA report and the lower South American production numbers. Are they’re game changers for corn and soybeans?
Grains rallied after several bullish surprises in the USDA report numbers but it the news enough to keep the markets moving higher? Livestock set back in response. DuWayne Bosse with Bolt Marketing has details.
AgDay TV Markets Now: Kent Beadle of Paradigm Futures talks about marketing strategies for the 2023 corn crop.
AgDay TV Markets Now: Fund traders bought grains in 2022 as a hedge against inflation but what catalyst do they need to resume that buying in the grains in 2023? Ted Seifried of Zaner Ag Hedge has the answer.
Joe Vaclavik of Standard Grain talks about poor demand for corn including exports and slow ethanol production. Will USDA make adjustments in this week’s reports?
The acreage battle will be a hot topic in 2023, especially for the cotton market. Early indication the nation’s farmers will be planting less cotton.