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Grain and livestock futures finally close higher but is it just a technical bounce after grains hit 3 1/2 year lows? Dave Chatterton, Strategic Farm Marketing, says in the grains it was also positioning ahead of USDA's data dump but without a weather threat the market may have more downside potential. The cattle market popped after a three lower closes but he says it may be difficult to retrace any more with cash and boxed beef moving lower. Hogs recovered with short covering off contract lows.
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By Michelle RookGrain and livestock futures finally close higher but is it just a technical bounce after grains hit 3 1/2 year lows? Dave Chatterton, Strategic Farm Marketing, says in the grains it was also positioning ahead of USDA's data dump but without a weather threat the market may have more downside potential. The cattle market popped after a three lower closes but he says it may be difficult to retrace any more with cash and boxed beef moving lower. Hogs recovered with short covering off contract lows.
See omnystudio.com/listener for privacy information.

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