I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!
Livestock markets gapped higher yesterday on tariff optimism and border closure news. Both Live Cattle and Feeder Cattle closed higher, with Feeders making the largest gains. There are now price gaps on both of those charts. Lean Hogs also closed higher, but on the lower end of the range, filling any gap they may have left on the chart. The Soybean complex was very strong on Monday, also buoyed by tariff hopes. The WASDE report sparked a rally, but it didn’t really cross into Corn or Wheat. Planting progress and crop conditions have Corn and Wheat pushing lower this morning, Beans my hold up well, as they did cross over resistance. CPI data this morning showed that measure of inflation at 2.8%, while the overall inflation rate dropped to 2.3% year to year.