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Cattle Pull Back; Corn Tops $5, Soybeans Rally
Grains closed mostly higher while cattle and hog futures eased after strong recent gains. The USDA-reported average steer price hit a record, with the national average at $255.02 steer , and traders reacted to profit-taking and technical selling in the live and feeder cattle pits.... -
How Long Can Soy Oil Support Soybeans?
Soybean markets this year have been driven more by oil than beans, with soy oil futures leading U.S. agricultural commodities as traders chase energy and biofuel demand. 54% soy oil rally through April pushed soy oil to the top of ag performance, while soybean futures lagged at r... -
Cattle futures hit record highs
Packers moved aggressively into the cash market last week, starting bids near $250 per hundredweight live and pushing both cash and futures sharply higher early in the week. Futures activity accelerated again on Friday morning before retreating into the close, with live cattle posting a bearish k...