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Livestock futures gain ground in Tuesday’s trade, will they see follow through today?

Grain markets were under pressure in Tuesday’s trade but are firming in the early morning trade, will it last?

Grains eased on Tuesday on profit taking after running into some chart resistance and Bryan Doherty, Total Farm Marketing says the markets were overbought and due for a correction.

The Federal Energy Regulatory Commission approved two new rules Monday that are expected to make it easier to expand the construction of big power lines and bring more renewable energy to U.S. homes and businesses.

Grains saw profit taking, farmer selling, China tariffs & higher Brazil crop estimates. Milk reversed off contract highs, while cattle rallied with lower corn, higher beef. Bryan Doherty, Total Farm Marketing, has more.

The cattle markets breathed a sigh of relief after USDA announced negative test results for H5N1 in ground beef. And a former USDA Under Secretary for Food Safety says is unlikely to be found in beef in the future.

The ministry called on the U.S. to correct its “wrongdoings” and cancel the tariffs.

Machinery Pete selected a pair of used tractors as his Pete’s Pick of the Week on AgriTalk Radio. He also discussed the over supply of late model, high horsepower tractors pushing prices down on dealer lots.

Grains see profit taking on the announcement of additional China tariffs, plus Conab raises Brazil estimates. Livestock bounce on short covering, higher products, lower feed. Kent Beadle, Paradigm Futures, has more.