Cattle open lower and then try to recover in a week that has seen a correction with plant closure concerns, lower boxed beef values and softer cash, at least in the South.  Scott Varilek, Kooima Kooima Varilek, doesn't anticipate a huge correction in futures with the discount to cash and tight supplies.  Lean hogs see a short covering bounce as they are oversold.  Grains are lower in anticipation of a bearish WASDE, but he says much of it is already priced in after this week's selloff.  

Cattle open lower and then try to recover in a week that has seen a correction with plant closure concerns, lower boxed beef values and softer cash, at least in the South.  Scott Varilek, Kooima Kooima Varilek, doesn't anticipate a huge correction in futures with the discount to cash and tight supplies.  Lean hogs see a short covering bounce as they are oversold.  Grains are lower in anticipation of a bearish WASDE, but he says much of it is already priced in after this week's selloff.

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.