Tuesday, July 16, 2019 8:59AM CDT
Corn silking was at 17% as of Sunday, July 14, far behind the five-year average of 42%, and the crop was rated 58% in good-to-excellent condition, up slightly from 57% the previous week.
December corn is down 3/4 cents per bushel, November soybeans are down 5 1/4 cents, and September K.C. wheat is down 1 1/4 cents.
Live cattle futures made a nice comeback Monday with August able to close slightly higher while later contracts trimmed their losses, resulting in only minor declines. Activity was confined to window dressing as bids and offers were posted with no activity as usual early in the week. Early indications are that cash should be no worse than steady this week. Hogs were the recipients of spread trading Monday, which provided some nice support for later contracts. February showed the greatest gain as optimism builds for next year.