Scott Varilek of Kooima Kooima Varilek discusses why live and feeder cattle futures can't make new highs, even with record cash trade.  

Scott Varilek of Kooima Kooima Varilek discusses why live and feeder cattle futures can't make new highs, even with record cash trade.

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 -6-13-24 Audio

Live cattle futures set back a second day after hitting new near term highs Monday and failing even though cash was at record levels. However, Brad Kooima of Kooima Kooima Varilek says it was just some routine profit taking.  Feeders consolidated with higher corn.  Hogs saw bear spreading with lower cash and cutouts weighing on nearby contracts.  Row crops see a technical bounce with lower crop ratings.  

Live cattle futures set back a second day after hitting new near term highs Monday and failing even though cash was at record levels. However, Brad Kooima of Kooima Kooima Varilek says it was just some routine profit taking.  Feeders consolidated with higher corn.  Hogs saw bear spreading with lower cash and cutouts weighing on nearby contracts.  Row crops see a technical bounce with lower crop ratings.

Markets Now Closing Markets -6-18-24 Audio

Bryan Doherty, Total Farm Marketing, says corn and soybeans try to bounce as they are technically oversold and with a 2% drop in crop ratings.  Wheat struggles on better yields and the lower EU market.  Cattle open higher then sell off despite their discount to the record cash from last week.  

Bryan Doherty, Total Farm Marketing, says corn and soybeans try to bounce as they are technically oversold and with a 2% drop in crop ratings.  Wheat struggles on better yields and the lower EU market.  Cattle open higher then sell off despite their discount to the record cash from last week.

Markets Now Early Markets -6-18-24 Audio

Grain markets were a blood bath on Monday on fund selling and improved weather in the extended forecasts. Kent Beadle, Paradigm Futures, says technical damage was done in all the markets.  Live cattle futures saw profit taking after near term highs and record cash last week.  Lean hogs saw a nice technical bounce as Beadle thinks the market got too cheap and is trying to bottom.  

Grain markets were a blood bath on Monday on fund selling and improved weather in the extended forecasts. Kent Beadle, Paradigm Futures, says technical damage was done in all the markets.  Live cattle futures saw profit taking after near term highs and record cash last week.  Lean hogs saw a nice technical bounce as Beadle thinks the market got too cheap and is trying to bottom.

Markets Now Closing Markets -6-13-24 Audio

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