Headline: Grain Futures Finish Higher, Livestock Ends Sharply Lower
Grain Prices Rebound on Short Covering
Grain futures closed higher on Friday, led by a rally in wheat prices. Short covering was the main driver behind the gains, as traders closed out bearish positions ahead of the weekend. Wheat prices rose 10 cents a bushel, corn gained 5 cents, and soybeans added 3 cents.
Livestock Prices Fall on Risk-Off Sentiment
Livestock futures ended sharply lower on Monday as a risk-off selloff in global equity markets weighed on sentiment. Cattle prices fell by 2%, while hog prices dropped by 3%. The selloff in livestock futures was part of a broader sell-off in commodities, as investors sought safety in bonds and other less risky assets.
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