Grain and livestock are higher to start Tuesday.   Brad Kooima, Kooima Kooima Varilek, says cattle are recovering after headlines about a Kansas corned beef plant closure hurt the market Monday and over shadowed another week of higher cash and strong cutouts. Last week's cash cattle average came in just under $190 and he thinks the market will be higher again this week.  Feeders have been on fire up $18 for the month of November but with the Mexican border reopening soon he says the futures market may soon be due for a correction, while cash may continue strong.  Hogs are higher with funds record long and adding to their position with help from higher cutouts.  Grains are also seeing a technical bounce after testing new lows in soybeans and wheat Monday.  

Grain and livestock are higher to start Tuesday.   Brad Kooima, Kooima Kooima Varilek, says cattle are recovering after headlines about a Kansas corned beef plant closure hurt the market Monday and over shadowed another week of higher cash and strong cutouts. Last week's cash cattle average came in just under $190 and he thinks the market will be higher again this week.  Feeders have been on fire up $18 for the month of November but with the Mexican border reopening soon he says the futures market may soon be due for a correction, while cash may continue strong.  Hogs are higher with funds record long and adding to their position with help from higher cutouts.  Grains are also seeing a technical bounce after testing new lows in soybeans and wheat Monday.

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.

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