Agricultural futures are mostly higher after being lower overnight.  The news from Washington DC has went from pessimistic on Sunday night to more positive as the morning progresses.  Financial markets have cut their losses with the stock indexes at their highs for the day.  Don’t be surprised by increased volatility as investor perceptions and expectations ebb and flow.  The latest news is a 3:00 pm EDT meeting between the President and Congressional leaders.

Live Cattle futures are stronger on the cash market strength seen late Friday.  The market continues to be challenged by the lack of price and production data due to the government shutdown.

Lean Hog futures are slightly lower with the October LH contract expiring today. The December contract is over $4/cwt discount to the October as the seasonal trend should be down due to rising supplies. Corn Dec +2 435; Jly +2 464 Bean Nov +7 1274; Jly +7 1242 Meal Dec +5 408; Jly +3 384 Oil +7 4035

Wheat Dec unch 692; Jly unch 692 KC +2 762; MGE +1 756

Oats +2 319 Rice +4 1516

LC Oct +45 12925; Feb +47 13460; Apr +25 13552 FC Oct unch 16747; Nov +30 16957; Apr +20 16865 LH Oct -2 9072 (last day); Dec -15 8635; Feb -32 8857 Milk Oct -2 1820; Nov +1 1821

US$ -.25%

Dow -.1% SP -.1% NAS steady Tran steady VIX +8.2% 17.02

WTI -.1% Brent -.8% Gas -.6% NG +.2% HO -.6% Eth +1.1%

Gold +.9% Slvr +.9%

5-yr unch 1.42% 10yr unch 2.69% 30yr unch 3.75%

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