Cash cattle prices surge to a record high last week.
Soybeans led a round of corrective gains in grain and soy futures during the overnight session.
Frozen meat stocks data suggests demand didn’t keep pace with supplies during May.
Corn, soybeans and wheat traded higher at points overnight but have adopted a mostly weaker tone this morning.
Corn, Soybeans and wheat futures open the week under pressure. Livestock futures are mostly lower...
Soybeans mildly firmed overnight, while corn and wheat failed to stray far from unchanged in two-sided trade.
Data wasn’t negative enough to have much market impact.
Corn, soybeans and wheat posted mild corrective gains overnight, recouping a small portion of Thursday’s sharp losses.
The Seasonal Drought Outlook calls for drought conditions to develop from southeastern Iowa and northeastern Missouri across the northern two-thirds of Illinois and most of Indiana and Ohio through September.
Corn, soybean and wheat futures faced price pressure during overnight trade coming off Wednesday’s holiday.

Brian Grete