Beef complex margins weakened further in the week ending 14 February 2026, with estimated beef packer net margins sliding to -$270.22/hd (down $22.78/hd week over week) as higher cattle costs continued to outrun product values. The Choice cutout edged up to $365.30/cwt, but fed cattle prices mo...
Livestock Industry Margins
Tariff Impacts Calculating the impacts of President Trump’s tariffs is heavy fodder for economists. Many made predictions about their impacts long before the rubber even met the road. Predictions of a tariff-caused recession have been debunked, and there is little impact on inflation. Now...
Russian Grain Markets: 9–13 February 2026 The feature of the second week of February was appreciation of prices on the export platform, meaning regions in close proximity to seaports showed higher prices across all grains, including wheat, barley, corn and even peas. This is somewhat para...
Regional News EU cattle markets remain relatively unchanged from recent weeks, with German and Austrian prices falling slightly amid carnival-period reduced interest. EU hog and pig markets have started to stabilize, with the “backlog” of market-ready animals largely cle...
The CBOT managed to recover from a dramatic overnight plunge with soybeans leading the fight to put values back in the green. Most of the news coming out of the weekend was bearish – between larger Russian wheat crop projections, the advancing South American harvests, and generally favora...
Corn/Feed USDA reports that Chinese domestic production of corn and wheat exceeds demand, but that barley is in a supply deficit and must be imported. China’s overall feed production is growing faster than its meat and egg output. China’s corn crop has been damaged by wetness, and i...
Chairman of the House Agriculture Committee, Glenn Thompson (R-Pennsylvania), released the text of the farm bill on Friday. Markup is scheduled for next week. Some key highlights are shown below. Commodities: Directs reporting on dairy production expenses to ensure that producer costs ar...
Mediterranean/Middle East/North Africa/Africa – MEA Region Morocco’s grain harvest could go as high as 9.0 million MT in 2026, which would represent a doubling of last year’s drought-affected harvest. Rainfall is up by 34 percent over the average, while grain planting has incr...