Dry weather concerns fuel strong gains in the grain and soy markets to start the week.
Boxed beef, pork cutout value continue to rise amid strong meat demand
Initial Pro Farmer corn CCI rating is 4.7 points above the five-year average
An already low spring wheat CCI rating falls even further below the five-year average
Grain and soy futures are sharply higher to start the week after a weekend frost. Live and feeder cattle futures are under pressure with lean hogs mixed.
When USDA’s weekly crop condition ratings are plugged into the weighted Pro Farmer Crop Condition Index, the HRW rating improved while the SRW ratings fell.

Brian Grete