FOR MONDAY: (10/17) Weather continues to be an impediment for Midwest farmers with rain through the weekend in the region. The 6- to 10-day outlook, however, reduces rain amounts in the western Midwest next week. Exports have continued to be supportive. We think harvest pressure will hit the market for a few days but it still may hold up into Friday. Cattle and hogs may bottom on Monday and turn up into Wednesday at least. Can’t get too bearish but may wait until Tuesday to buy.
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