It was an eventful morning, particularly in the cattle complex with a big gap higher, but the market settled down shortly after the open with some contracts closing lower on the day. Grain markets were mostly mixed.

Kent Beadle with Paradigm Futures says soybeans built on Friday’s bullish reversal with talk China is looking for more U.S. soybeans. Cattle had a volatile session with a bearish Cattle on Feed Report and sorting through import restrictions on Mexican cattle due to New World Screwworm.

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In the third quarter, farm income and loan repayment rates weakened.

Timing is everything, according to the equipment pricing trends Machinery Pete is watching.

Cattle futures gap higher in Monday’s trade on the back of concern regarding beef imports from Mexico