“Prices are $.04-$.06 higher today while spreads firmed. Resistance for May-26 is at this month’s high of $4.76. I look for prices to hold in a $4.40-$4.80 range with energy likely to drive a directional breakout. Dec-26 is holding just below this month’s high of $4.98 ½. Exports at 46 mil. bu. was in line with expectations and brought YTD commitments to 2.664 bil. bu. up 30% from YA, vs. the USDA forecast of up 15.5%. Commitments represent 81% of the USDA forecast, above the historical average of 75%. Noted buyers were Mexico – 11 mil., Japan – 8 mil. and Spain – 6 mil.  COF after tomorrow’s close is expected to show cattle at 99% of YA levels,” according to Mark Soderberg with ADM Investor Services.