If you like volatility, the cattle markets are the place. The markets initially treated yesterday’s limit gains with contempt, heading lower in early trade before late-afternoon support entered and pulled the markets back toward the top of the daily trading range. Similarly, hog futures celebrated yesterday’s trade agreement news and futures rally by tanking today. The grains complex was relatively well-behaved, with the CBOT showing steady red all day. Wall Street is slightly higher as the U.S. and Mexico are continuing to make progress on their trade agreement while the U.S. dollar and crude oil are lower.
Corn December corn lost 5 ¼ cents after an early rally fizzled and left the market to put in a low...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
