Grains Lower at Midday: Livestock Mixed

Live cattle lower as steady cash disappoints. Hogs extend gains on short covering. Grains down with slow exports, profit taking, lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing.

Live cattle back lower with more steady cash trade today a bit disappointing for the bulls. Hogs extend gains on short covering. Grains still under pressure with slow exports, profit taking and lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing 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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