U.S. lean hog futures ended lower on pressure from profit taking and a jump in corn futures. December lean hogs ended down 75 at 87.55 while the February contract fell 122 to 90.57.
Cattle futures ended near flat as a broad rally in stocks and commodities wasn't enough to push prices higher. December Live cattle fell 15 to $120, January feeders gained 10 to close at $144.
US wheat futures ended mostly higher Monday amid short-covering and broad support from surging equities and a weaker dollar. Dec. wheat in Chicago ended up 1/4 to $5.74 and Dec. wheat in KC ended down 2 1/4 to $6.41.
Hopes for Europe amid its protracted debt tumult help push US corn futures higher. Dec. corn ended up 9 1/4 to $5.91.
US soybean futures recover some from last week's sharp declines on the positive influence of macro markets, Soy product futures climbed in unison with soybeans. January soybeans ended up 14 1/2 at $11.21, Jan soy meal ended up $6.20 at $289.20, and Jan soy oil rose 71 to 49.15.
Cotton futures are likely to slip below 90c/lb in the next six months, says Rabobank senior analyst Keith Flury. On Monday, December cotton gained 48 to close at $91.30, and the March contract jumped 48 as well to close at $91.35.
Gold rebounded to a one-week high as last week's selling pressures are replaced with hopes of a stronger effort by euro-zone leaders to stem the spread of the sovereign debt crisis. December gold rose $25.10 to $1,710.80, and December silver gained $1.00 to $32.07.
Oil futures jumped Monday, touching $100 a barrel for the first time in more than a week, lifted by unrest in Syria and the prospect of additional sanctions against Iran. January crude gained $1.44 to $98.21 a barrel, December gasoline gained 6.92 cents to $2.51 a gallon, and December distillates gained 4.26 cents to $2.96 a gallon.
Natural gas prices fell 5% Monday as the contract for December delivery expired, giving back almost all of last week's gains as fears of a continued supply glut drained optimism from the market. December nat gas closed down 17.8 cents at $3.36
After getting pummeled over the past two weeks, Wall Street posted big gains on Monday as traders reacted to record retail sales over the Thanksgiving weekend and progress on solving Europe's debt crisis. The Dow gained 291 to close at 11,523, the Nasdaq closed at 2,527, up 85 and the S&P 500 gained 33 to close at 1,192.