Corn and beans were able to round out another trading day in positive territory while wheat, well. It was wheat. At the close December corn was 4 ¼ cents higher settling at 485 ¾. November soybeans finished the day at 1330, which was 6 ½ cents higher for the day but about 11 cents off the day’s high. Wheat was the laggard yet again, with the December contract finishing the day 7 ¾ cents lower to 615 ¼.
Today was more of the same for live cattle and feeder cattle and that was long liquidation, which I know you’re going to touch on in a second. At the close October live cattle were 95 cents lower, settling at 178.32. October feeder cattle finished the day $1.65 lower to settle at 249.325. Lean hogs were able to find some relief thanks to some decent export sales numbers this morning but fizzled out near the 100-day moving average. At the close October futures were 97 cents higher to settle at 79.15.