Livesock are mostly lower Monday with grains higher led by soybeans.  Joe Kooima of Kooima Kooima Varilek says grains are seeing support from strong demand and more export business.  Cattle continue to correct with nervousness about the election and heavy weights, but should be well supported by steady cash and the futures discount as well as funds defending their long position.  Hogs consolidate after more new contract highs, but funds are near to record long and have been buying on the dips pushing prices to levels not seen since 2013 and 2014.  Kooima says it seems to be a combination of strong demand, especially exports to Mexico, and tighter than expected supplies.  

Livesock are mostly lower Monday with grains higher led by soybeans.  Joe Kooima of Kooima Kooima Varilek says grains are seeing support from strong demand and more export business.  Cattle continue to correct with nervousness about the election and heavy weights, but should be well supported by steady cash and the futures discount as well as funds defending their long position.  Hogs consolidate after more new contract highs, but funds are near to record long and have been buying on the dips pushing prices to levels not seen since 2013 and 2014.  Kooima says it seems to be a combination of strong demand, especially exports to Mexico, and tighter than expected supplies.

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.