Steady cash cattle trading last week was not what traders wanted to see. This triggered aggressive selling. There is some question whether higher cash can be achieved as a lot of cattle were processed last week. Hogs finally corrected the overbought status but selling may not yet have run its course.
USDA on Friday lowered corn ending stocks for the 2020-21 by 150 million bushels (mb) to 1.352 billion bushels (bb) but held pat with soybean ending stocks at 120 mb. […]