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Aug 05, 2023

2 Minute Drill

Grain markets were under a bit of pressure today. December corn led the way lower, settling at 480 3/4, down 6 cents on the day. November soybeans managed to fill the gap from Monday, by settling 5 ¾ lower at 1386 ¾. Fortunately, soybeans were able to stage a bit of a late-session come back trading 6 ¼ cents off of its intraday low. September wheat was the lone component of the grain complex to trade higher on the day, trading 7 cents higher to settle at 576 ¾

Both of the cattle contracts showed a bit of weakness today, with October Live cattle down a buck 42, settling at 180.050. October Feeder cattle was down a buck 52 settling at 255.225. October lean hogs really stole the show today - up 2.87 on the session, settling at 83.60

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