Cattle end lower for a second day with China delisting beef from the JBS plant in Greeley, CO due to traces of ractopomine, plus end of month profit taking.  Cash has been light but a bit lower at $186 in the South, but some reports of $191 in the North.  Scott Varilek, Kooima Kooima Varilek, says the futures discount to cash has been supportive.  Hogs bounce on short covering as the market is over sold and spread unwinding with cattle.  Grains end lower on technical selling and removing weather premium but is this topping action?

Cattle end lower for a second day with China delisting beef from the JBS plant in Greeley, CO due to traces of ractopomine, plus end of month profit taking.  Cash has been light but a bit lower at $186 in the South, but some reports of $191 in the North.  Scott Varilek, Kooima Kooima Varilek, says the futures discount to cash has been supportive.  Hogs bounce on short covering as the market is over sold and spread unwinding with cattle.  Grains end lower on technical selling and removing weather premium but is this topping action?

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

Markets Now with Michelle Rook

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets.