The cattle market is looking for new direction after last Friday’s limit-down move, with boxed beef continuing higher and early cash trade holding steady. Soybeans are reacting to President Trump’s overnight hint at possible future purchases from China—fueling speculation that a trade deal could be near, given China’s need for beans. All eyes now turn to the WASDE report, set for release at 11 a.m. CST tomorrow.
PJ Conradt at Tredas brings today’s Market Wrap Up…
