It has been rare lately, but grain and livestock futures all ended higher on Monday.  Mike Zuzulo, Global Commodity Analytics, says grain markets were adding risk premium in on U.S. and global weather threats.  Plus, the funds are near to record short and so they covered some of those positions.  Cattle futures got a boost from the bullish placements number in the Cattle on Feed Report, which was down 7% but can the market build on it with seasonal demand weakening?  Hogs also rallied with the rest of the complex but also followed the recovery in cutouts and the higher Lean Hog Index.  

See omnystudio.com/listener for privacy information.