Friday, January 20, 2017 10:30AM CST
South Korean imports of beef have grown as domestic supplies fall and bird flu hurts chicken purchases. U.S. beef exports have been a key beneficiary of the red meat demand.
March corn was steady, March soybeans were down 6 cents, and July Chicago wheat was down 1 cent.
Live and feeder futures should open moderately higher, supported by follow-through buying and impressive feedlot sales. Lean hog futures seem also likely to begin with a firm undertone thanks in part to the premium status of the cash index.