I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
Live Cattle and Feeder Cattle posted gains to start the week. My expectation is that Cattle futures continue the uptrend, as cash cattle trade is taking place at prices well over the futures price. Lean Hogs couldn’t quite fill that overhead gap yesterday, just 2 ticks shy. I would look for new contract highs in Hogs to occur soon. With the exception of Wheat, the Grain/Soy markets were all weaker on Monday. Yesterday afternoon’s Crop Progress report indicated that planting is nearly done and Corn/Soy conditions are decent. Rains in the forecast may cut into the winter Wheat yield but the winter harvest is just getting started, with 3% complete, so it may be too early to tell.