Cattle futures fade the record high cash trade with caution heading into the Cattle on Feed Report.  Hogs still seeing fund selling pressure and searching for a low.  Grains chop ahead of the holiday eyeing weather and technically into resistance areas that may limit a rally.  Scott Varilek, Kooima Kooima Varilek, has details.   

Cattle futures fade the record high cash trade with caution heading into the Cattle on Feed Report.  Hogs still seeing fund selling pressure and searching for a low.  Grains chop ahead of the holiday eyeing weather and technically into resistance areas that may limit a rally.  Scott Varilek, Kooima Kooima Varilek, has details.

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 5-24-24

Grains see another bloodbath on Tuesday with massive fund selling and new lows for the move scored across the complex.  Don Roose of U.S. Commodities, says traders taking out weather premium and leaning bearish heading into the acerage and quarterly stocks reports on Friday, plus delivery period.  Live cattle mixed but June hit a new high for the move and well supported by record cash and strong demand.  Hogs hit more new contract lows ahead of the Hogs and Pigs Report.  

Grains see another bloodbath on Tuesday with massive fund selling and new lows for the move scored across the complex.  Don Roose of U.S. Commodities, says traders taking out weather premium and leaning bearish heading into the acerage and quarterly stocks reports on Friday, plus delivery period.  Live cattle mixed but June hit a new high for the move and well supported by record cash and strong demand.  Hogs hit more new contract lows ahead of the Hogs and Pigs Report.

Markets Now Closing Markets -6-25-24 Audio

Grains break to new lows and even some contract lows on fund selling.  Randy Martinson, Martinson Ag, says the markets are disregarding lower crop ratings and flooding in the Northwestern Corn Belt and looking at a cool, wet forecast as beneficial.  Markets are alo positioning ahead of end of month and USDA reports.  Cattle are mostly higher with lower corn and record cash, hogs mixed trying to bounce off new contract lows. 

Grains break to new lows and even some contract lows on fund selling.  Randy Martinson, Martinson Ag, says the markets are disregarding lower crop ratings and flooding in the Northwestern Corn Belt and looking at a cool, wet forecast as beneficial.  Markets are alo positioning ahead of end of month and USDA reports.  Cattle are mostly higher with lower corn and record cash, hogs mixed trying to bounce off new contract lows.

Markets Now Early Markets 6-25-24

Grains end mixed with soybeans seeing corrective buying following soybean meal, while corn ends lower, wheat mixed.  Shawn Hackett, Hackett Financial Advisors, says corn and beans took out March lows and are oversold and could see some short covering into the end of the quarter and before the USDA reports.  Cattle futures see bull spreading with record cash verses bearish COF placements. Hogs again hit new contract lows following cash.  

Grains end mixed with soybeans seeing corrective buying following soybean meal, while corn ends lower, wheat mixed.  Shawn Hackett, Hackett Financial Advisors, says corn and beans took out March lows and are oversold and could see some short covering into the end of the quarter and before the USDA reports.  Cattle futures see bull spreading with record cash verses bearish COF placements. Hogs again hit new contract lows following cash.

Markets Now Early Markets 5-24-24

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