With the U.S. dollar lower, U.S. weather favoring corn planting, and a broad-based rally, all support today's higher farm markets.
On Monday, weather and fund activity should be weighed equally to determine direction for the week.
A seasonal factor to rally into the month of May is not looking likely
The trade is eyeing Midwest weather for corn planting opportunities.
This marketing firm recommends you purchase all of your expected needs through the end of 2017.
A top in this market is likely due anytime now, this marketing firm believes.
Hog prices are expected to increase in 2017 even with 3% more pork production.
At a minimum, this firm is bearish through the end of August.
According to market analyst Rich Nelson, the current rally in the cattle markets is a gift horse for those who still need to hedge cattle for the remainder of the year.
New figures suggest the cattle herd is continuing to grow. A growing herd means continued and stronger demand for corn.