Grains ease, while livestock are mostly higher early Friday.  Scott Varilek with Kooima Kooima Varilek says cattle make more new highs for the move on hedge lifting and higher cash trade which was generally up $2 yesterday.  However, cattle are into resistance areas on the charts and may be due for a correction.  Hogs scored a reversal Thursday and are looking toppy.  Grains are easing with farmer selling picking up and some profit taking as many contracts are into resistance on the charts, but prices should be well supported by improved demand.  

Grains ease, while livestock are mostly higher early Friday.  Scott Varilek with Kooima Kooima Varilek says cattle make more new highs for the move on hedge lifting and higher cash trade which was generally up $2 yesterday.  However, cattle are into resistance areas on the charts and may be due for a correction.  Hogs scored a reversal Thursday and are looking toppy.  Grains are easing with farmer selling picking up and some profit taking as many contracts are into resistance on the charts, but prices should be well supported by improved demand.

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.