Ahead of the Open
Cattle futures expected to open higher, hogs lower.
Weather conditions are expected to remain favorable through at least the end of July.
Weather remains favorable, if not ideal, for crop development, while trade uncertainty also continues to hang over markets.
Favorable weather, trade uncertainty and weakening cash livestock fundamentals will weigh on futures to open the week.
Corn and soybeans saw followthrough gains overnight, challenging the recent downtrends.
Soybeans saw relative strength overnight, supported by continued strength in soyoil.
Corn and soybeans led weakness overnight as good crop conditions and a favorable forecast weighed heavily on prices.
Grains led weakness overnight while soybeans saw relative strength, supported by gains in soyoil.
Corrective strength was featured across the grain and soy markets overnight.
Consolidation was featured across the grain and soy markets overnight following recent heavy selling pressure.