Cattle are trading two-sided early.  Brad Kooima of Kooima Kooima Varilek says the market is digesting the USDA Cattle on Feed Report.  The numbers came in near expectations except placements were 2% above expectations at 98% but still below a year ago.  Cash trade was mostly $190 last week up $2 and looks to be higher again this week he says.  And McDonald's has put Quarter Pounders back on the menu saying the beef is free of E.coli.  Lean hog futures are trading two-sided after a higher week last week with contra seasonal cash strength, but into chart resistance.  Grains are setting back on technical selling, better rains in South America which have helped Brazil farmers catch up on soybean planting and crude oil is down sharply.  However, Kooima says he's hopeful the lows are in the corn market with strong demand but soybeans may be suseptible to downside pressure.  

Cattle are trading two-sided early.  Brad Kooima of Kooima Kooima Varilek says the market is digesting the USDA Cattle on Feed Report.  The numbers came in near expectations except placements were 2% above expectations at 98% but still below a year ago.  Cash trade was mostly $190 last week up $2 and looks to be higher again this week he says.  And McDonald's has put Quarter Pounders back on the menu saying the beef is free of E.coli.  Lean hog futures are trading two-sided after a higher week last week with contra seasonal cash strength, but into chart resistance.  Grains are setting back on technical selling, better rains in South America which have helped Brazil farmers catch up on soybean planting and crude oil is down sharply.  However, Kooima says he's hopeful the lows are in the corn market with strong demand but soybeans may be suseptible to downside pressure.

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.