Trading opened today’s session mostly in the green, except for feeder cattle, but late in the session corn and the soybean complex turned lower. Notables for the week included new contract lows for:
November soybeans December soymeal September SRW September HRW September HRS
Weather will continue to drive this market and an active front brings bearish showers across the Midwest next week and delivers some relief to the parched southeast. However, the high heat in the west drifts eastward later in the week. The Climate Prediction Center issued its three-month drought outlook for the U.S. As noted by Dave Juday in yesterday’s Livestock Roundup, the drought in the southeastern U.S. has adversely impacted th...
The Trump Administration is planning a suspension of tariff rate quotas (TRQs) on beef from all exporters for 200 days as a means to address high beef prices in the U.S. U.S. cattle and beef prices have increased based on exceptionally strong consumer demand, the smallest U.S. cattle herd in 75...
