Today's focus in the corn market is on the ethanol report, which could be the catalyst for market movements. We observed a similar pattern yesterday with energies and bean oil starting off weaker and then rebounding later in the day. It's worth noting that the grain markets have been in a range for a while, and any continuation of this trend is something to watch closely.
Turning to livestock, both cattle and hogs are experiencing some volatility. Despite a strong performance on Tuesday, there was a slight pullback yesterday. Cattle are seeing decent cash bids, with Nebraska trading around 175, but we're still waiting for healthier box beef numbers. The market needs to see a shift to return to mid-last-year levels, as the sector has been struggling since the fall.
