Scott Varilek with Kooima Kooima Varilek says both live and feeder cattle futures had a nice recovery and got within striking distance of the all-time highs set earlier in the week.

Darin Newsom, Senior market analyst for Barchart, Inc. says grains are working on a lower weekly close this week with the early pressure Friday. Funds have had no reason to buy grains he says.

The Trump administration announces trade breakthroughs giving U.S. beef producers greater access to Australia, Japan and South Korea.

Jim McCormick, AgMarket.Net, says corn saw a dead cat bounce with 3-cent gains on light short covering and solid export news.

Randy Martinson, Martinson Ag, says corn saw some early strength bouncing off support areas on the charts but is struggling to hold gains due to mostly favorable extended weather forecasts.

Dan Basse, president, Ag Resource Company, says the grain markets faded the announcements regarding three trade deals, including Japan, due to the lack of details.

Market analysts attribute the strong beef demand to several factors including the consumer craze for protein.

Bryan Doherty with Total Farm Marketing says soybeans are seeing a slight bounce early in the session on trade news.

Eric Snodgrass, senior science fellow, Nutrien Ag Solutions says nighttime temperatures in areas of the Corn Belt could set new records which may have a negative effect on corn pollination. In fact, there’s evidence the record hot evenings the last 45 days have already taken a toll.

Rich Nelson of Allendale, Inc. says funds returned to sell in corn and soybeans on weak technicals, weather and crop ratings.