July corn is up 5 3/4 cents, July soybeans are up 17 cents and July KC wheat is up 3 3/4 cents.
Cattle futures have been unable to find a bottom even though futures are now running at a discount to cash. Pressure stems from increasing grain prices and fund liquidation. The market is oversold and may be overdone to the downside, allowing for a price bounce. Hogs show their resiliency even after some bearish news last week, indicating there may be more strength remaining is this market.