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Corn Finds Support, Cattle Under Pressure Ahead of Key USDA Reports | Mike Zuzolo on the Channel Final Bell
Published 10 months ago
Description
Corn posted modest gains on Wednesday, supported by fresh export sales and limited farmer selling. But soybeans faded once again on weak demand and continued meal pressure. Kansas City wheat showed relative strength, while global weather stories—from 100-degree heat in Ukraine to strong spring wheat yields—added complexity to the trade.
In the livestock markets, feeder cattle saw sharp losses and live cattle also pulled back, as traders position ahead of Friday’s Cattle Inventory and Cattle on Feed reports. Lean hogs held steady, with some attention turning to reports of production losses in China and a shift in feed usage.
Mike Zuzolo of Global Commodity Analytics joins the Channel Final Bell to break down: