Cattle are mostly higher early with steady to slightly higher cash last week and the futures discount and tight numbers supportive.  That's according to Brad Kooima of Kooima Kooima Varilek.  Hogs bounced after a lower week but cash is weakening and will cap the rallies.  Grains start mixed and then quickly turn higher led by wheat with crop and weather concerns continuing to drive fund short covering?  But funds have exited a big chunk of their short position in corn and soybeans so how much will that limit the upside? 

Cattle are mostly higher early with steady to slightly higher cash last week and the futures discount and tight numbers supportive.  That's according to Brad Kooima of Kooima Kooima Varilek.  Hogs bounced after a lower week but cash is weakening and will cap the rallies.  Grains start mixed and then quickly turn higher led by wheat with crop and weather concerns continuing to drive fund short covering?  But funds have exited a big chunk of their short position in corn and soybeans so how much will that limit the upside?

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.