Monday, March 10, 2014 2:48PM CDT
Porcine epidemic diarrhea has not yet affected U.S. exports of pork to Japan, pork traders say. But some fear high prices and insufficient volume availability could negatively influence purchasing behavior in Japan by summer.
Corn futures are lower at 6 a.m. CST; soybeans lower; wheat lower.
Lean hog contracts should open moderately higher, supported by follow-through buying from late last week and positive fundamentals. The cattle complex is also likely to start the week on firm footing, girded by the recent premium of feedlot sales and spillover bullishness from the hog and pork markets.