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.

Advertisement