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Grain and livestock are higher to start Tuesday. Brad Kooima, Kooima Kooima Varilek, says cattle are recovering after headlines about a Kansas corned beef plant closure hurt the market Monday and over shadowed another week of higher cash and strong cutouts. Last week's cash cattle average came in just under $190 and he thinks the market will be higher again this week. Feeders have been on fire up $18 for the month of November but with the Mexican border reopening soon he says the futures market may soon be due for a correction, while cash may continue strong. Hogs are higher with funds record long and adding to their position with help from higher cutouts. Grains are also seeing a technical bounce after testing new lows in soybeans and wheat Monday.
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By Michelle RookGrain and livestock are higher to start Tuesday. Brad Kooima, Kooima Kooima Varilek, says cattle are recovering after headlines about a Kansas corned beef plant closure hurt the market Monday and over shadowed another week of higher cash and strong cutouts. Last week's cash cattle average came in just under $190 and he thinks the market will be higher again this week. Feeders have been on fire up $18 for the month of November but with the Mexican border reopening soon he says the futures market may soon be due for a correction, while cash may continue strong. Hogs are higher with funds record long and adding to their position with help from higher cutouts. Grains are also seeing a technical bounce after testing new lows in soybeans and wheat Monday.
See omnystudio.com/listener for privacy information.

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