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Grains are mixed positioning ahead of the USDA reports. Hogs fall back despite what Joe Kooima of Kooima Kooima Varilek calls a neutral Hogs and Pigs Report compared to expectations. However, he says the market has continue to sell off with lackluster cutouts and bigger than expected supplies and weights. Cattle trade into more near term highs with only light cash trade and few bids in the South indicating higher prices again this week.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains are mixed positioning ahead of the USDA reports. Hogs fall back despite what Joe Kooima of Kooima Kooima Varilek calls a neutral Hogs and Pigs Report compared to expectations. However, he says the market has continue to sell off with lackluster cutouts and bigger than expected supplies and weights. Cattle trade into more near term highs with only light cash trade and few bids in the South indicating higher prices again this week.
See omnystudio.com/listener for privacy information.

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