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Cattle and hogs are mostly higher early while grains started mixed and gained strength early. Brad Kooima, Kooima Kooima Varilek, says live cattle have held chart support so far even with lower cash and cutouts but feeders are the real leaders as funds continue to buy. However, there is some talk of expansion that is limiting upside as well as seasonal weakness in cash and cutouts. Kooima expects by the end of the year the market will catch hold and move higher. Hogs are slightly higher after a lower week with the funds still record long. So, was last week just a healthy correction or a top? Grains started mixed with row crops lower and wheat higher putting in war premium with an escalation of fighting in the Black Sea. The strength in wheat and a lower dollar is helping to pull row crops back higher and there was some soybean export demand that surfaced this morning. However, will the market continue to be rangebound?
See omnystudio.com/listener for privacy information.
By Michelle RookCattle and hogs are mostly higher early while grains started mixed and gained strength early. Brad Kooima, Kooima Kooima Varilek, says live cattle have held chart support so far even with lower cash and cutouts but feeders are the real leaders as funds continue to buy. However, there is some talk of expansion that is limiting upside as well as seasonal weakness in cash and cutouts. Kooima expects by the end of the year the market will catch hold and move higher. Hogs are slightly higher after a lower week with the funds still record long. So, was last week just a healthy correction or a top? Grains started mixed with row crops lower and wheat higher putting in war premium with an escalation of fighting in the Black Sea. The strength in wheat and a lower dollar is helping to pull row crops back higher and there was some soybean export demand that surfaced this morning. However, will the market continue to be rangebound?
See omnystudio.com/listener for privacy information.

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