Overnight, the grain markets traded solidly higher led by corn and soybean oil (a bit of deja vu from Thursday’s overnight session). Traders will be watching the daily export wire and monitoring the latest weather forecasts as well. It appears that the trade is looking to finish the week strong after a bit of a roller coaster but as we saw yesterday, this market can turn bearish in a hurry. Very volatile trade is out there right now. We expect cash cattle and cash hog trade to be steady to higher on Friday.
Farm and Ranch Director Jesse Allen has your overnight update: