Hogs

• Lean hog futures started the week strong with higher finishes across the board on Monday. Front month Feb was up $0.50 at $87.75, and the Apr-Oct contracts were up $0.875 to $1.85.
• The negotiated national average continued to slide lower on Monday with a $82.22 average, down $1.35 from last Friday. This is the lowest price in two weeks.
• The pork cutout was higher on Monday afternoon at $95.70, up $1.48. The cutout continues to trade in a mostly sideways range.

February 26 Hogs

Grains

• Cattle futures finished higher on Monday following last week's strong negotiated market that was ignored in the general commodity market weakness last Friday
• Negotiated trade for last week averaged $239-240 across the north and south, up $4-5 from the prior week’s averages.
• Boxed beef was higher on Monday as well with choice at $368.21 up $2.65 and select up $2.97 at $364.91.

March 26 Corn

March 26 Soybeans

Cattle

• Cattle futures finished higher on Monday following last week's strong negotiated market that was ignored in the general commodity market weakness last Friday
• Negotiated trade for last week averaged $239-240 across the north and south, up $4-5 from the prior week’s averages.
• Boxed beef was higher on Monday as well with choice at $368.21 up $2.65 and select up $2.97 at $364.91.

February 26 Cattle

Weather

• The Plains and Midwest remain mostly dry again this week with better action potential finally starting to move into from northwest for the 6-10, closer to the heart of the belt by the 11-15 day into mid-February. Temperatures will continue to warm up, safely above-normal through mid-Feb as well.
• Argentina remains mostly dry overall though a decent rain chance will fire up tomorrow through Saturday center-north; conditions will stay dry in southern corn and soybean regions.
• Brazil saw northern rains over the past 24 hours, holding mostly center-north over the next week to ten days, still leaving dryness concerns in RGDS.