Markets Now with Michelle Rook

Garrett Toay, AgTraderTalk, explains what drove the rally in grains on Friday and the pressure in livestock.  

See omnystudio.com/listener for privacy information.

Scott Varilek, Kooima Kooima Varilek, says cattle are lower but are holding chart support and he thinks improving cash bids could pull the market back up.  Hogs are challenging chart resistance with strong cash and cutouts.  Grains are higher led by wheat with Black Sea war headlines, a lower dollar and cold weather supportive.  

See omnystudio.com/listener for privacy information.

Rich Nelson of Allendale says grains close quietly higher with corn and wheat supported by strong weekly exports, while soybeans brushed off poor export sales and focused on lower production estimates for both Brazil and Argentina.  Cattle bounced with better cash bids, while hogs saw profit taking after new contract highs Wednesday.  

See omnystudio.com/listener for privacy information.

Mike Minor, Professional Ag Marketing, says corn ends higher on fund buying but why can't soybeans and wheat follow?  Cattle consolidate while hogs pushed to new highs.  

See omnystudio.com/listener for privacy information.

DuWayne Bosse, Bolt Marketing, says after a lower opening corn is recovering nicely on fund buying, pulling wheat up and soybeans off their low.  Cattle are trying to recover and hogs make new highs.  

See omnystudio.com/listener for privacy information.

Brian Grete with Pro Farmers says grains end lower disappointed about the WASDE and with tariff fears.  Cattle see fund liquidation, so is the top in?  Hogs higher with cash and cutouts.  

See omnystudio.com/listener for privacy information.

Jim McCormick, AgMarket.Net, provides analysis of the WASDE which showed no change in the U.S. balance sheet and just minor adjustments to global and South American production.  

See omnystudio.com/listener for privacy information.

Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn end higher all alone squaring ahead of the WASDE with bullish expectations, soybeans and meal saw pressure from improved Argentina weather, and tariff news. Wheat set back on profit taking.  Cattle recovered nicely but how much will the market retrace?  Hogs consolidate after hitting resistance.  

See omnystudio.com/listener for privacy information.

Brad Kooima, KKV, says cattle are holding trendlines support on cattle but will they continue to do that amidst a list of bearish news?  Hogs hold together with despite tariff talk and so do corn and soybeans. 

See omnystudio.com/listener for privacy information.

Alan Brugler, A&N Economics, says grains pulled back Friday on profit taking after hitting chart resistance, trade uncertainty and with improved weather in South America.  Live cattle futures ended higher but were down for the week with lower cash.  Is this just a healthy correction after record highs?  

See omnystudio.com/listener for privacy information.