Grains
Grain markets were higher in the early morning trade but finished the session mixed. Corn squeaked out gains of about 2 cents, which was a nickel off the high of the day. Soybeans finished mixed with front month futures lower and new crop futures higher, both were about a dime off the highs. Wheat struggled even when corn and beans were at the highs, a bit of a caution flag for the Bull camp.
Livestock
Livestock futures were uniformly higher with live cattle, feeder cattle, and lean hogs all settling on higher ground. Live cattle futures continue to narrow the gap with the cash market as August futures approach first notice day. Lean hogs marked their 8th day of gains in the last 9 sessions.
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