Grains Higher on Weather, Anticipating Bullish Report for Beans: Hogs Strong, While Cattle Fall with Rally in Corn and Lower Beef

Cattle fall on higher corn & lower beef, but will cash continue to be resilient? Hogs higher with the cash index but may have topped. Grains higher on weather, report squaring. Brad Kooima, Kooima Kooima Varilek.

Cattle struggle with higher corn and lower beef prices, but what will cash do this week after the resiliency displayed late last week? Hogs higher with the rising cash index but may have topped after the reversal last week. Grains higher on weather and anticipating a bullish report for beans, the wildcard is will USDA lower yield on corn? Brad Kooima, Kooima Kooima Varilek has details.

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Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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