The overall commodity space closed mixed as we ended the trading day on Tuesday, grains had a rough day, experiencing new lows in corn, wheras feeder cattle futures made fresh all-time highs. Though no breaking news came to light on which to blame the action, traders cite a shift in market sentiment and where new money is being placed. The falling corn prices ease feedlot input costs and further drive bullish sentiment in the cattle board. Outside markets remain choppy, with eyes fixed to Trump's foreign trade policy and the Aug 1st deadline.
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