I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
Live and Feeder Cattle gapped higher yesterday and closed at new contract highs on sharp gains. There may be some profit taking on a Friday, but these markets are very strong right now, in both the futures and cash markets. Lean Hogs have been hitting resistance all week, but the bulls are still in control, it seems. I still expect higher prices. Grain/Soy markets are all a bit weaker this morning, with the exception of Bean Oil and Wheat. These are all trading on the weather forecasts now, I think. Silver is up again this morning, putting that market up $3.21 on the week (+9.8%) in the July contract, as of this writing.