Cattle markets came out strong to start the week, with both live and feeder contracts posting limit-up gains. The rally followed last week’s selloff and comes on renewed optimism for stronger beef demand and export movement. Cash trade looks to stay firm as packers work through tight supplies, and boxed beef continues to show strength.
Meanwhile in the grain trade, markets are watching for the government to reopen while looking ahead to Friday’s WASDE report — both expected to bring fresh direction to the trade.
Tyler Schau with AgMarket.Net shares the Monday Market Wrap Up…
