Markets Now with Michelle Rook

Don Roose U.S. Commodities says grains end lower Thursday on technical selling, a lack of bullish news and the higher dollar.  He says live cattle also fell on profit taking and caution ahead of the Cattle on Feed and seasonal demand weakness.  Meanwhile feeder futures continue to be pushed by strong cash and tighter numbers.  Lean hog futures shook off the higher dollar to trade higher with the funds long and the futures at a discount to the cash index.  

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Grains are lower early with livestock mostly higher after a mixed open.  Scott Varilek of Kooima Kooima Varilek has details.  

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Corn and wheat end higher for a 4th day, but soybeans fall. Livestock mostly higher except a few live cattle contracts.  DuWayne Bosse, Bolt Marketing, has details.  

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Grains are mixed to lower early Wednesday with livestock mostly higher.  Tomm Pfitzenmaier with Summit Commodity Brokerage says wheat is start to look tired after pricing in Black Sea war premium and running into chart resistance.  The higher dollar is a headwind for all the grains.  Soybeans are fading flash export sales and continue to slide with lower bean oil, the big Brazil crop and their deal with China.  Corn is also seeing spillover pressure but isn't breaking hard due to strong demand.  Cattle futures are building on the strong technical close Tuesday, and hogs are also trying to recover.  

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Grain and livestock markets both ended mixed Tuesday.  Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering and adding war premium.  Corn could not follow wheat with lower soybeans and the failure to get above chart resistance.  Soybeans set back on lower product values and larger Brazil crop estimates with Abiove at a record 167.7 mmt.  Live and feeder cattle futures had a strong technical day back above key moving averages with feeders still the leaders on strong demand and cash feeder prices.  

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Grains are mixed early with livestock firming up.  Darin Newsom, Senior Market Analyst with Barchart, says wheat is seeing short covering adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons.  Soybeans are lower with no South America weather threat and tariff fears still in the mix.  Corn is flat caught in the middle but Newsom says demand has been strong reflected by firmer cash basis and bull spreading so he's hopeful December can finally move above $4.35 resistance.  However, he is concerned about demand shutting off for all grains after Trump takes office.  Cattle started mixed but have moved higher with feeders continuing to lead and despite seasonal weakness in fed cash and boxed beef.  

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Grain and livestock all end higher Monday.  Ted Seifried, Zaner Ag Hedge, has details of what drove the strength and if it can continue.  

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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?  

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Grains and cattle recover Friday with hogs lower.  Naomi Blohm, Total Farm Marketing, says grains help support areas and saw technical and corrective buying.  Cattle also saw a short covering and profit taking heading into the weekend, while hogs were lower confirming a top with lower cutouts.  

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Grains and cattle are leaning higher early Friday, hogs lower.  Scott Varilek, Kooima Koomia Varilek, says cattle were lower yesterday following lower cash at $185 and with lower cutouts.  Hogs are rolling over with lower cutouts as well.  Grains are trying to recover with some corrective buying and solid exports.  

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