The live cattle market has shaken off the earlier bearish tone and is now trading more than $1.00 higher, with feedlots in the North continuing to pass on packer bids. While Tuesday’s New World Screwworm rumors still linger in the background, the market appears to be regaining its footing. In the grain trade, weather concerns are surfacing for both corn and soybeans. Wheat futures have turned mixed, with pressure on SRW contracts due to weakness in corn and soybeans and a lack of fresh supportive news.
Sue Martin with Ag & Investment shares the days Market Wrap Up
