Grain and soy futures are under hefty pressure on improved rain chances in the coming weeks. Feeder cattle futures are sharply higher with fat cattle near unchanged. Lean hog futures are under pressure.
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.