Cattle futures break to fresh lows amid cash market weakness.

Terrain’s Dave Weaber says herd expansion remains on hold heading into 2027, with feeder cattle and fed cattle prices expected to hit new highs in Q3 — even as a potential strong El Niño and the Cargill Fort Morgan lockout add fresh uncertainty to the supply picture.

Percentage of row-crop acres suffering from drought unchanged from previous week

Weather in focus as traders await Friday’s July WASDE report

High-pressure ridge, hot temps, over the Rockies may soon impact western Corn Belt

Jul. 8, 2026