The grain and soy complex favored a weaker tone to end the week, though did see some strength into the close.
Live cattle and lean hogs boasted impressive gains, while feeder futures underwent selling pressure under reports feeder imports from Mexico are likely to resume soon.
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Top stories for Dec. 12, 2024
Soybeans saw relative strength today while wheat and corn traded lower. Hogs saw modest strength while cattle futures saw profit-taking.
Hogs saw modest strength today while the cattle markets saw corrective selling.
Weakness in corn futures undercut the soybean and wheat markets today.
Corn prices post notable weekly gains.
CPC forecasts 59% odds of La Niña by January and more than 70% by February.
Corn and soybean basis remains slightly below average.

Pro Farmer Editors