Pro Farmer
The cattle and hog markets continue to diverge, with cattle showing strength and hogs weakness.
Egg prices are expected to surge 41.1% due to impacts from the outbreak of highly pathogenic avian influenza
Grains continue to favor a weaker tone, while beans are working to trade higher.
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The grain complex led weakness overnight, while soybeans traded on either side of unchanged.
Corn, soybeans and wheat extended Monday’s losses during the overnight session.
Cattle futures surged higher today while most of the ag complex fell under selling pressure.
Corn, soybeans and wheat each sustained heavy selling pressure to start the week.
Cattle futures climbed higher today while hogs saw modest selling pressure.