Friday 29th
Last trading day April Cattle
First notice Day for May grain Futures

Cattle On feed Report
Feed 102% vs. Est. 100.4%
Placed 100% vs. Est. 92.2
Mkt 98% vs. 98.2%

Bear reaction??

Cold Storage
Beef 536.8 million LBS. vs. 483
Pork 56.7 vs. 35.3
Pork 487.1 vs. 451

Strong Dollar hurting demand??

As I tweeted on twitter last week, this is the time frame that grains could move sideways to lower pending US weather and seeding pace.

Four week avgs. should be good support for corn and beans

Is fund money going to sit on their hands?

Be Safe
Scott Capinegro