Markets Now with Michelle Rook

Scott Varilek, Kooima Kooima Varilek, says ag markets are seeing red with the threat of 50% tariffs on the EU.  However, this week's technical action is cattle has been better and cash traded higher.  Now the market awaits the COF report.  Hogs continue to see pressure narrowing the futures premium to cash and grains are seeing some profit taking ahead of a three day weekend.  

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Naomi Blohm, Total Farm Marketing, says grains markets end mixed with a lack of news and after hitting chart resistance. What will it take to get through these technical levels?  Cattle rally on the heels of higher cash, and milk futures tack on gains for a second day.  

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Mike Minor, Professional Ag Marketing

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Mark Schultz, Northstar Commodity, discusses the rally in the grains and if the market can keep pushing higher.  Live cattle are up with higher cash and cutouts, while feeders fall with the corn market strength.  Lean hogs fall with the premium to the cash index.  

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Kent Beadle, Paradigm Futures

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 Bryan Doherty, Total Farm Marketing, says grains extend gains for a second day on short covering and weather concerns.  How far can the rally extend?  Cattle mostly higher for a third day but the futures haven't negated the key reversals.  Will they?  And milk futures rallied to $20 but why have they stalled?  

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Jon Scheve, Superior Feed Ingredients, discusses what's behind the rally in grains for a second day.  Have the markets bottomed and how should producers be positioning for it?  

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DuWayne Bosse, Bolt Marketing, discusses what helped the grain markets bounce on Monday and if they can build on it with such favorable weather?  Can the cattle market negate last week's poor futures action?  Lean hogs pressured in nearbys as they get to premium to cash.  

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Brad Kooima, Kooima Kooima Varilek, says cattle futures try to recover after key weekly reversals, supported by record cash.  Lean hogs retreat on profit taking.  Corn is supported by wheat, while soybeans fail.  

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Shawn Hackett, Hackett Financial Advisors, says grains and cotton end lower on Friday.  What is pressure the markets are they too cheap?  Cattle recover but is the high in?  

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