What are the reasons you're in the cattle business?
Get your day started with a brief rundown of key news.
China buys corn; wheat sales below expectations.
View additional soybean charts.
Corn futures are facing technical resistance. The yellow grain market continued its general rally Tuesday in the wake of the US production cut indicated on the January 12 USDA reports, with talk of South African drought
COVID-19, freeze risks, USDA report and government influence on agriculture are all weighing on the markets this week.
Despite declines in both cash and futures prices, cattle feeders continue to believe cattle markets show signs of optimism.