Tuesday, July 22, 2014 10:57AM CDT
After recent controversy over the use of Zilmax, a cattle feed additive used to promote weight gain, a University of Nebraska study found the additive causes no adverse effects in cattle.
Corn is steady at 6 a.m. (CT); soybeans are higher; wheat is steady.
Live and feeder contracts are likely to open moderately higher this morning, supported by follow-though buying and constructive fundamentals. On the other hand, look for the lean hog pit to begin on a mixed basis with prices pulled between residual buying interest and midweek profit taking.