Grains and cattle markets end mixed Monday, hogs higher.  Kent Beadle with Paradigm Futures says cattle had a volatile session with a gap higher open on news the New World Screwworm had been detected in Mexico and APHIS was restricting imports.  However, it was offset by a bearish Cattle on Feed Report.  So live cattle ended lower and feeder cattle well off session highs.  Hogs ended higher with surging cutouts at noon and retested contract highs in the deferreds.  Grains were mixed with soybeans supported by strong export inspections and talk of more China export business.  Corn saw nearly 18 million bushels of export sales to Mexico but it failed to rally the market as corn followed wheat.  Wheat took out war premium and also saw some profit taking in anticipation of better ratings and despite a lower dollar.    

Grains and cattle markets end mixed Monday, hogs higher.  Kent Beadle with Paradigm Futures says cattle had a volatile session with a gap higher open on news the New World Screwworm had been detected in Mexico and APHIS was restricting imports.  However, it was offset by a bearish Cattle on Feed Report.  So live cattle ended lower and feeder cattle well off session highs.  Hogs ended higher with surging cutouts at noon and retested contract highs in the deferreds.  Grains were mixed with soybeans supported by strong export inspections and talk of more China export business.  Corn saw nearly 18 million bushels of export sales to Mexico but it failed to rally the market as corn followed wheat.  Wheat took out war premium and also saw some profit taking in anticipation of better ratings and despite a lower dollar.

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

Markets Now with Michelle Rook

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets.

Markets Now Closing Markets - 11-25-24  Audio

Cattle and hogs higher early, grains mixed.  Brad Kooima, Kooima Kooima Varilek, says cattle futures gapped higher on the open shaking off the bearish Cattle on Feed Report numbers and latching on to the weekend headline about New World Screw worm detected in a Mexican cow and border restrictions that followed.  He says the impact on the market will depend on the duration of import restrictions.  Cash cattle trade beat expectations with steady money in the North but $1 to even $2 higher trade in the South.  Hogs continue to consolidate with funds shedding some of their record length but are seeing spillover from higher cattle.  Corn saw another 17.9 million bu. of export business to Mexico this morning but is being drug down by wheat.  Soybeans scored a key reversal off contract lows on Friday but are also trading rumors of China buying 8-10 carogos for early February delivery.  

Cattle and hogs higher early, grains mixed.  Brad Kooima, Kooima Kooima Varilek, says cattle futures gapped higher on the open shaking off the bearish Cattle on Feed Report numbers and latching on to the weekend headline about New World Screw worm detected in a Mexican cow and border restrictions that followed.  He says the impact on the market will depend on the duration of import restrictions.  Cash cattle trade beat expectations with steady money in the North but $1 to even $2 higher trade in the South.  Hogs continue to consolidate with funds shedding some of their record length but are seeing spillover from higher cattle.  Corn saw another 17.9 million bu. of export business to Mexico this morning but is being drug down by wheat.  Soybeans scored a key reversal off contract lows on Friday but are also trading rumors of China buying 8-10 carogos for early February delivery.

Markets Now Early Markets 11-25-24

Tomm Pfitzenmaier of Summit Commodity Brokerage talks about why basis levels are currently so strong for grains, especially corn and what farmers can do to take advantage of it while still keeping some upside open for a rally.

Tomm Pfitzenmaier of Summit Commodity Brokerage talks about why basis levels are currently so strong for grains, especially corn and what farmers can do to take advantage of it while still keeping some upside open for a rally.

Markets Now Closing Markets - 11-22-24  Audio

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.  

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.

Markets Now Closing Markets - 11-25-24 Audio

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