Corn, Wheat, Soy, Hogs, Cattle Futures Update
After sitting comatose for much of the session, grain contracts came under renewed pressure as the USD Index erased its losses. A lack of buying enthusiasm following an initial rally set the stage for the late selloff.
Live Cattle futures posted sharp losses late in the session Tuesday with nearby contracts at or near limit lower trade due to widespread liquidation in the Cattle complex. Lean Hog futures faded in late-day trade despite firming fundamentals.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.