Today’s trading was mostly lower based on South American weather and the ever-present tariff threat. Overall, the first week in February 2025 experienced the following:
It was the fourth week in a row higher for SRW, and the third week up for HRW and HRS. It was the second week in a row for otherwise bullish cattle to lose value, and hogs were the beneficiary with a second week higher. HRW was the outsized gainer, and feeder cattle the biggest loser. Soymeal was the most volatile, rising over 4 percent, then falling 4 percent to end up almost unchanged.
The South American weather outlook is not great, but it is better and that put another damper on Chicago. Showers are lightening up, allowing more windows for soyb...
What You Need to Know Today: The cattle market rebounded sharply this week, with January feeder cattle futures gaining $16.98/cwt and February live cattle futures advancing $7.60/cwt since last Friday. Tyson Foods' plans to restore a second processing shift at its Amarillo, Texas, facili...
Tuesday’s CPI report from the Bureau of Labor Statistics (BLS) showed inflation roaring back stronger than expected in October. That probably locks in another rate hike – which was expected anyway – at the Federal Open Market Committee (FOMC) meeting in December. Consumer pric...
Key Takeaways: The rationale for farm programs has changed significantly from their original intentions. Farmers’ incomes have grown sharply and have surpassed non-farm incomes beginning in the 1970s. Current farm programs are complex and focus on supporting risk management, environmenta...
