Livestock are mostly lower early Thursday except for nearby live cattle.  Scott Varilek of Kooima Kooima Varilek says cash cattle trade has been steady so far in the South at $188 and the August futures are trying to converge so that has led to some bull spreading.  Feeder cattle are under pressure with higher corn and a cooling cash index.  Hogs are consolidating despite strong exports.  The market has had a nice rally that was pushed by higher cash and cutouts so its taking a break.  Row crops are higher on fund short covering and the addition of some weather premium, plus demand has started to pick up with a flash sale of nearly 10 mb of new crop soybeans.

Livestock are mostly lower early Thursday except for nearby live cattle.  Scott Varilek of Kooima Kooima Varilek says cash cattle trade has been steady so far in the South at $188 and the August futures are trying to converge so that has led to some bull spreading.  Feeder cattle are under pressure with higher corn and a cooling cash index.  Hogs are consolidating despite strong exports.  The market has had a nice rally that was pushed by higher cash and cutouts so its taking a break.  Row crops are higher on fund short covering and the addition of some weather premium, plus demand has started to pick up with a flash sale of nearly 10 mb of new crop soybeans.

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.

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