Wake Up Call

Touching on the grain markets and the concept of a V-bottom versus a saucer-bottom. It's a fascinating discussion, especially when you compare it to the livestock markets, which have their own dynamics.

Speaking of livestock, the cattle market has seen a bit of a rally this morning, with a $1.50 to $1.70 uptick. After dipping below last week's lows, we've witnessed some technical buying that's brought us back up. The cash trade for cattle has been pretty steady, with most of it happening in the 182 to 183 range in the Southern Plains, and a bit of 184 in Nebraska.

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