Cattle probably in trouble rest of the week

FOR TUESDAY: (11/1) Fund buying at the first of the month may set in but grains hardly budged on Monday and we continue to be surprised how well they have held up. Cycles peak overnight and we still would expect a setback into Wednesday but this market is tricky and we can’t get too married to what we think will happen. Hogs should hold up one more day and cattle are probably in trouble the rest of the week.