Scott Varilek of Kooima Kooima Varilek says cattle are seeing more pressure early Thursday with the futures looking tired and toppy.  He says there's been a lack of cash trade this week which has fueled talk of weaker cash but he's expecting steady trade.  Hogs are higher supported by stronger cash and a 13th day of the Lean Hog Index rising, plus decent weekly exports at 31,500 metric tons.  Corn and soybeans continue to grind out new lows with rains this week in key areas of the Corn Belt and more in the forecast promoting ideas of record yields.  

Scott Varilek of Kooima Kooima Varilek says cattle are seeing more pressure early Thursday with the futures looking tired and toppy.  He says there's been a lack of cash trade this week which has fueled talk of weaker cash but he's expecting steady trade.  Hogs are higher supported by stronger cash and a 13th day of the Lean Hog Index rising, plus decent weekly exports at 31,500 metric tons.  Corn and soybeans continue to grind out new lows with rains this week in key areas of the Corn Belt and more in the forecast promoting ideas of record yields.

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.