Swiss government: Federal Council will continue to negotiate with the United States.

Rail traffic up 2.9% on grain & auto gains, but tariffs loom. CSX & UNP see gains, NSC lags. Mixed outlook.

Lean hog futures mixed; Aug up $0.10, Oct down $0.825. Cattle hit record highs, coffee dips on tariffs.

Live cattle futures surge $2-$2.60, feeder cattle rally $3.97-$4.70. Boxed beef up, but tariffs hit coffee.

Wheat futures rally on export sales & short covering; KC wheat leads gains. Coffee dips on tariffs.

DT beats earnings but guidance disappoints. Quantitative signal suggests 63.6% upside probability, median return 5.3%.

Corn futures rally 2-3 cents, battling back from losses. Ethanol output dips, impacting stocks. Cattle prices surge, coffee faces tariff woes.

Southeast Asia tariffs hover at 19%, avoiding 40% transshipment penalty. Uncertainty remains on rules of origin.