What's typically a highly-anticipated report from the USDA, today's acreage report delivered few surprises and sparked little to no reaction for the grains.

Live and feeder cattle futures faced pressure Monday morning, but reversed course to close $1 to $2 higher.

Topics:

- June Live Cattle off the board - Aug now lead month

- Livestock technicals going into July 

- Report day for the grains - historically speaking, a muted reaction

- Keys for new month/new quarter/holiday week trade