Grain and livestock futures are mostly lower early Thursday.  Vince Boddicker, Farmers Trading Company says the lower trade for a 4th day as technical selling accelerates and a higher dollar continues to add pressure.  Soybeans took out key support at $10 and soybean meal also made new contract lows.  Cattle are lower but still holding last week's lows awaiting cash direction. Lean hogs are seeing profit taking and hedge pressure after this week's contract highs.  

Grain and livestock futures are mostly lower early Thursday.  Vince Boddicker, Farmers Trading Company says the lower trade for a 4th day as technical selling accelerates and a higher dollar continues to add pressure.  Soybeans took out key support at $10 and soybean meal also made new contract lows.  Cattle are lower but still holding last week's lows awaiting cash direction. Lean hogs are seeing profit taking and hedge pressure after this week's contract highs.

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 Early Markets 11-14-24

Grains and cattle recover Friday with hogs lower.  Naomi Blohm, Total Farm Marketing, says grains help support areas and saw technical and corrective buying.  Cattle also saw a short covering and profit taking heading into the weekend, while hogs were lower confirming a top with lower cutouts.  

Grains and cattle recover Friday with hogs lower.  Naomi Blohm, Total Farm Marketing, says grains help support areas and saw technical and corrective buying.  Cattle also saw a short covering and profit taking heading into the weekend, while hogs were lower confirming a top with lower cutouts.

Markets Now Closing Markets - 11-15-24 Audio

Grains and cattle are leaning higher early Friday, hogs lower.  Scott Varilek, Kooima Koomia Varilek, says cattle were lower yesterday following lower cash at $185 and with lower cutouts.  Hogs are rolling over with lower cutouts as well.  Grains are trying to recover with some corrective buying and solid exports.  

Grains and cattle are leaning higher early Friday, hogs lower.  Scott Varilek, Kooima Koomia Varilek, says cattle were lower yesterday following lower cash at $185 and with lower cutouts.  Hogs are rolling over with lower cutouts as well.  Grains are trying to recover with some corrective buying and solid exports.

Markets Now Early Market 11-15-24

Grain and livestock futures all end lower Thursday.  Randy Martinson, Martinson Ag, says the risk off selling was tied to new highs for the year in the dollar index, renewed fears about tariffs and a trade war and technical selling as key support was taken out on the charts of many markets.  Soybean meal made new contract lows and all three wheat exchanges are close to their lows as well.  Cattle saw liquidation from lower cash and cutouts.  Hogs continue to consolidate with profit taking and lower cutouts.  

Grain and livestock futures all end lower Thursday.  Randy Martinson, Martinson Ag, says the risk off selling was tied to new highs for the year in the dollar index, renewed fears about tariffs and a trade war and technical selling as key support was taken out on the charts of many markets.  Soybean meal made new contract lows and all three wheat exchanges are close to their lows as well.  Cattle saw liquidation from lower cash and cutouts.  Hogs continue to consolidate with profit taking and lower cutouts.

Markets Now Early Markets 11-14-24

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