Brad Kooima of Kooima Kooima Varilek says cattle are higher in reaction to the positive Cattle on Feed Report placement number, which came in below expectations.  Cash trade this week will be the key to keeping the rally going but he says tight numbers and the lack of negotiated business last week should provide some leverage.  Hogs are also up in a risk on day and with news of China lowering short and long term interest rates driving ideas of pork exports.  Grains higher on the China news but also a hotter drier extended forecast and funds leaning near to record short. 

Brad Kooima of Kooima Kooima Varilek says cattle are higher in reaction to the positive Cattle on Feed Report placement number, which came in below expectations.  Cash trade this week will be the key to keeping the rally going but he says tight numbers and the lack of negotiated business last week should provide some leverage.  Hogs are also up in a risk on day and with news of China lowering short and long term interest rates driving ideas of pork exports.  Grains higher on the China news but also a hotter drier extended forecast and funds leaning near to record short.

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.