Tuesday, March 11, 2014 10:00AM CDT
U.S. Agriculture Secretary Tom Vilsack vigorously defended country-of-origin labeling for red meat at the National Farmers Union's annual convention in Santa Fe, N.M., on Monday.
Corn futures are lower at 6 a.m. CST; soybeans lower; wheat higher.
The cattle complex is expected to open modestly higher at midweek, supported by appreciating carcass values and ideas that feedlot sales will eventually be no worse than fully steady. Lean hog futures should also begin in the black thanks to follow-through buying and impressive fundamentals.