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Grain and livestock closed mixed Tuesday. Vince Boddicker, Farmers Trading Company, says corn and soybeans could not extend gains for a third day running into chart resistance and with strong crop rating and favorable weather. Wheat saw light short covering and a boost from higher Russian wheat prices. Live cattle ended mixed trying to consolidate with a stable stock market, but feeder cattle made new lows for the move again with more technical selling on ugly charts. Lean hogs saw a short covering bounce with help from higher cutouts at noon.
See omnystudio.com/listener for privacy information.
By Michelle RookGrain and livestock closed mixed Tuesday. Vince Boddicker, Farmers Trading Company, says corn and soybeans could not extend gains for a third day running into chart resistance and with strong crop rating and favorable weather. Wheat saw light short covering and a boost from higher Russian wheat prices. Live cattle ended mixed trying to consolidate with a stable stock market, but feeder cattle made new lows for the move again with more technical selling on ugly charts. Lean hogs saw a short covering bounce with help from higher cutouts at noon.
See omnystudio.com/listener for privacy information.

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