Market Update with Gary Wilhelmi 6/22/12 10:45

10:49  update


Dow up 55 and JP Morgan 2.3% higher as it was feared the ratings down grade would be worse, isn’t that like saying it feels good after stopping banging your head against the wall

DAX off 1% near its10:30 CDTclose

High flying hogs pull back with $ .80 loss

Cattle still moseying around waiting for cash to take shape

Dryness concerns remain the main fundamental factor and no relief is in sight

The change of seasons is here us but no change yet apparent

Ukraineharvest coming in a little lighter in yields

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