May 1 feedlot inventory declined 1.5% from year-ago, as expected.
Part of the increase in pork stocks tied to a big downward revision to March inventories.
President Trump threatens ‘straight 50% tariff’ on EU goods
Cattle and wheat saw relative strength today despite the weakness seen in the general marketplace.
Soybeans saw relative weakness today, pulling corn lower.
Cattle futures ended the day near unchanged despite weakness across the overall marketplace.
Access this week’s newsletter here.
U.S. to tell EU its offer falls short of administration’s demands.
Several U.S. farm commodity groups and the American Farm Bureau Federation did not hold back in criticizing portions of the report.

Pro Farmer Editors