Continued strong demand has supported the soybean complex.
The trade is watching to see if rallies will continue to be sold.
The trade eyes South American planting progress
Favorable weather is expected for harvest.
End-of-month fund-buying supports the soybean market.
For those shocked about the break below $100, don't forget that we traded cash down to $81 as recently as 2009.
This analyst provides a detailed analysis of the many factors impacting the cattle market today.
There is worry that more hogs are headed to market this fall than available packing capacity, and the latest USDA inventory indicates there are more hogs than had been anticipated.
Too many hogs means lower prices for the future.
Improved practices by farmers and ranchers, cheap feed, and hopes for a return to high profit margins have increased supplies faster than demand can utilize.