Hogs

• Hogs continued to the upside for the 4^th straight day Friday putting a new high on the April contract at 95.975.
• Despite the weakness in the cattle market hogs seemed unfazed but did come off the early morning highs.
• The $10 higher cash earlier in the week seemed like it sparked the bulls to get them out of their choppiness range.
• The market may be nearing overbought levels and could be due for a correction this week.

February '26 Hogs

Grains

• Grains markets were closed on Monday due to MLK day.
• Corn finished the week on a positive note 7 ½ cents off the lows for the week as it tries to figure out its next direction after Mondays bearish WASDE.
• Soybeans finished 20 cents off the soybean lows for the week after some follow though after some hefty export sales to China and strength in the bean oil market.

March '26 Corn

March '26 Soybeans

Cattle

• Feeder cattle ended the week down $8.10 on the march after some rumors of screwworm potentially existing inside Texas.
• There was some cash trade in late last week in Texas, Kansas and Nebraska at 233 but may be slightly disappointing since we were 232 the previous week.
• Friday’s trade proves how sensitive this cattle market is to any outside news and how quickly it can lose interest from outside money.

February '26 Cattle

Weather

• The long weekend was mostly dry in the U.S., save for scattered snow showers in the Midwest and rains in the Southeast; a cold snap is setting in this week, with temps below zero at present in the eastern Dakotas, MN, IA, WI. 
• Northern Argentina saw heavy rains over the weekend, though dry portions of central/southern growing areas largely missed out again with forecasts staying largely dry as a heat wave sets in during the 6-10-day window; Brazil saw very scattered rains over the weekend, with good totals seen in eastern growing areas but much of the center west missing out.