By: NATHAN STUEDLE
GRAIN MARKET RECAP
Grain markets finished mixed Monday, with corn and soybeans higher while wheat closed lower.
December corn gained 3 cents to $5.33 and a half. March corn was up 2 and a half cents at $5.48, while May gained 2 and a quarter cents to $5.55 and a half. September corn added a penny and three-quarters to finish at $5.12.
Soybeans also moved higher, recovering a portion of Friday's sharp losses. November beans gained 7 and three-quarter cents to $13.04 and a half, moving back above the 13-dollar mark. January beans were up 8 and a quarter at $13.20 and a half, while March gained 9 and a quarter to $13.28.
Soybean meal joined the rally, with December meal gaining $3.40 to $356.20.
Wheat was the weak spot. December Chicago wheat lost 3 and a quarter cents to $7.22, while March fell 2 and a quarter to $7.39 and a quarter. Kansas City wheat saw heavier pressure, with December down 6 cents at $7.92 and a half and March losing 5 and a quarter to $8.06 and three-quarters.
Overall, Monday brought modest strength to corn, a rebound in soybeans and continued selling pressure in wheat.
LIVESTOCK MARKET RECAP
The cattle markets started the week with another very strong move higher Monday, while lean hog futures were sharply lower.
October live cattle gained $2.57 to $222.25. December cattle jumped $2.92 to $225.15, while February gained $2.30 to settle at $226.30. Gains of more than $2 extended through much of the deferred live cattle board.
Feeder cattle were the strongest part of the livestock complex. September feeders surged $5.75 to $343.57. October feeders climbed $5.35 to $337.85, while November gained $4.60 to $332.77. January feeders were up $3.65 at $324.35.
Lean hogs moved sharply in the opposite direction. October hogs dropped $1.92 to $79.60. December lost $1.45 to settle at $71.25, while February fell $1.60 to $73.60.
So Monday's livestock trade was clearly divided: live and feeder cattle posted another powerful rally, while lean hogs were under pressure across the board.