A sharp move lower on the open for Feeder Cattle correlated to the dip in the Corn market. They moooved back to almost unch by mid-day, indicating traders may be looking for the Corn market to stall out a little bit.
Live Cattle has also found some traction today, as frustration has been present lately with Cash stabilizing, while Futures have steadily sold off.
Lean Hogs performed well today, but there is still a lot of technical damage to repair. What can happen if we get above $105 for the June contract?
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