Livestock are mostly lower early Thursday except for nearby live cattle.  Scott Varilek of Kooima Kooima Varilek says cash cattle trade has been steady so far in the South at $188 and the August futures are trying to converge so that has led to some bull spreading.  Feeder cattle are under pressure with higher corn and a cooling cash index.  Hogs are consolidating despite strong exports.  The market has had a nice rally that was pushed by higher cash and cutouts so its taking a break.  Row crops are higher on fund short covering and the addition of some weather premium, plus demand has started to pick up with a flash sale of nearly 10 mb of new crop soybeans.

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