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We've seen a rather uneventful overnight session with grain prices remaining mostly unchanged. This comes after a significant drop in corn, beans, and wheat as we kicked off the new year. It's a situation to monitor closely as we navigate through the week.
In contrast to grains, the livestock market had a strong performance yesterday, with live cattle and feeder cattle prices seeing a notable increase. However, recent numbers for boxed beef and pork cutouts suggest that sustaining this uptrend might be challenging in the latter half of the week.
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