June Live Cattle future took some heat yesterday but manage to close off the lows; Aug. Feeder Cattle managed to rally into the afternoon session.May corn futures continued to drift lower yesterday and the technical landscape has gone from bad to worse over the past few sessionsCorn futures manage to rally into the weekend, only to give it up in the Sunday night/Monday morning trade. Friday’s COT) report showed funds holding a net short position of 137,571 contracts. Corn tried to stage a relief rally yesterday, but the attempt fell short, with no conviction from the buy-side. .Livestock markets were all over the place yesterday as rumors of additional plant disruptions circulated, ultimately leading to selling pressure in the final minutes of the session.U.S benchmarks once again constructively held technical support though yesterday’s session; news that Gilead’s Covid-19 drug shows moved markets higher. orn futures traded to new contract lows yesterday on the back of a technical breakdown and as expected, another poor ethanol report. While market participants see nothing but bad news while the market is closed, we were able to chew through that bearish sentiment and saw a more constructive trade yesterday. Corn futures spend the majority of last week’s trade consolidating, with little new news to break the market lower or spark a short-covering rally. Plant disruptions and a continuous flow of bad news weighing heavy on the livestock markets.