Good afternoon and welcome to Markets Desk.
In the livestock pits, cattle had a strong session with live cattle futures closing anywhere from two dollars ten to three dollars ten higher across contracts. Cash trade hasn't developed yet this week as buyers and sellers compile showlists, but last week's northern trade settled between two thirty eight and two forty, and feeder cattle rallied as much as seven dollars on the day, signaling genuine demand conviction heading into the week.
Turning to the soft commodities, coffee prices pushed higher Monday as harvest delays out of Brazil added supply-side pressure to an already tight market. September arabica settled up four dollars twenty five, a gain of one point three three percent, after data firm Safras and Mercado reported Brazil's two thousand twenty six to twenty seven harvest is only sixty four percent complete, running behind the pace traders had been counting on.
And in energy markets, the story isn't just crude — it's the crack spread, the differential between raw oil and refined gasoline, which has widened sharply. Crude is moving, but gasoline is moving faster, meaning refinery margins are expanding and consumers are absorbing more pain at the pump than the headline oil price alone would suggest.
That's the tape. Markets Desk, signing off the floor.
