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Cattle futures recover after a day of technical selling on Monday. Brad Kooima of Kooima Kooima Varilek says last week's higher cash trade and higher boxed beef values continue to be supportive as well as the futures discount. However, to keep going October live cattle need to take out resistance at $189. Lean hog futures trade 2-sided early trying to hold support after a wicked technical reversal last week and with help from higher cutouts and the higher lean hog index. Grains are lower with new lows in soybeans on rains that fell in the Corn Belt and a more favorable extended forecast and that is weighing on corn.
See omnystudio.com/listener for privacy information.
By Michelle RookCattle futures recover after a day of technical selling on Monday. Brad Kooima of Kooima Kooima Varilek says last week's higher cash trade and higher boxed beef values continue to be supportive as well as the futures discount. However, to keep going October live cattle need to take out resistance at $189. Lean hog futures trade 2-sided early trying to hold support after a wicked technical reversal last week and with help from higher cutouts and the higher lean hog index. Grains are lower with new lows in soybeans on rains that fell in the Corn Belt and a more favorable extended forecast and that is weighing on corn.
See omnystudio.com/listener for privacy information.

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