Livestock Roundup

Livestock markets were all over the place yesterday as rumors of additional plant disruptions circulated, ultimately leading to selling pressure in the final minutes of the session. After the close there was a news release suggesting that Gilead Sciences has a treatment drug that patients are responding very well to. That hope, coupled with optimistic discussions on re-opening the economy has the pre-market Bids/Offers showing a higher open, limit up for some live cattle contracts. It is still very early in the morning, so take it with a grain of salt. If we do see a firm to limit up morning session, we would consider selling into it over the weekend. The weekend news-wire has not been friendly for several weeks, making Mondays the weakest days of the week, we wouldn’t be surprised to see that trend continue.......Click this link to get the FULL report, or email