Cattle and Hogs Initially React Negative to USDA Reports, Then Bounce Off Lows: Grains Turn Mixed

Cattle open lower with a negative reaction to the COF report. Was it really that bearish and will weather and higher cash trump it? Hogs react to USDA numbers with a slightly larger inventory. Grains open higher then turn mixed assessing weekend rains in Brazil and seeing end of year positioning. Brad Kooima, Kooima Kooima Varilek, has more.