Midday Market Update- 1/29/21- Grains All Higher at Midday Friday

Grains have turned back higher after some early profit taking. Export sales were again robust to China on the daily wire and that has helped move our corn, soybean and wheat markets higher at midday. A strong close today in grains would be very welcome after a rather volatile week of trade. Livestock at midday are mixed as we finally see some cash cattle trade around $113 in the south. Bids in the south are $110-113 and $175-178 in the north. Cattle inventory report comes out later today.

Farm and Ranch Director Jesse Allen has our market update: http://lightningstream.com/ajax/GetODFile.ashx?call=MIDWEST&fileid=1150