Wheat and corn are under pressure to open the week, while soybeans are mildly firmer coming out of the holiday weekend.
President Trump delayed planned 50% tariffs on the EU to July 9.
May 1 feedlot inventory declined 1.5% from year-ago, as expected.
Part of the increase in pork stocks tied to a big downward revision to March inventories.
President Trump threatens ‘straight 50% tariff’ on EU goods
Cattle and wheat saw relative strength today despite the weakness seen in the general marketplace.
Soybeans saw relative weakness today, pulling corn lower.
Cattle futures ended the day near unchanged despite weakness across the overall marketplace.
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Pro Farmer Editors