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- December 16: No changes.
- December 15: No changes.
- December 12: No changes.
- December 11: No changes.
- December 10: Livestock producers: Extend feed coverage... We advise livestock producers to cover through January and February for soymeal needs in the cash market. Meal futures have fell to historically value levels and are well off the November highs. Historically, meal prices do not spend much time at or below the $300.0 level. You now have full coverage in cash through February.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
Corn | |
|---|---|
| Cash-only marketers | 2025 crop crop: 25% sold 2026 crop: 0% sold |
| Hedgers — cash sales | 2025 crop crop: 25% sold 2026 crop: 0% sold |
| Hedgers — futures/options | No position. |
| Wait on an extended corrective bounce to increase sales. | |
Soybeans | |
| Cash-only marketers | 2025 crop: 30% sold 2026 crop: 0% sold |
| Hedgers — cash sales | 2025 crop: 30% sold 2026 crop: 0% sold |
| Hedgers — futures/options | No position. |
| Wait on a move back to the recent highs or higher to make additional old- and new-crop sales. | |
Wheat | |
| Cash-only marketers | 2025-crop: 50% sold. 2026-crop: 20% forward sold. |
| Hedgers — cash sales | 2025-crop: 50% sold. 2026-crop: 20% forward sold. |
| Hedgers — futures/options | none |
Cotton | |
| Cash-only marketers | 2025 crop: 15% sold 2026 crop: 0% sold |
| Hedgers — cash sales | 2025 crop: 15% sold 2026 crop: 0% sold |
| Hedgers — futures/options | No position. |
| We will wait on recommendations for new crop sales until an extended rally allows for opportunity. | |
| Livestock | |
Cattle | |
| 3rd qtr. 2025 | 0% |
| 4th qtr. 2025 | 0% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| Fed cattle producers should continue to carry risk in the cash market. | |
Hogs | |
| 3rd qtr. 2025 | 0% |
| 4th qtr. 2025 | 0% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
Carry all production risk in the cash market.
| |
Feed | |
| Corn | |
| 4th qtr. 2025 | 66% |
| 1st qtr. 2026 | 0% |
| 2nd qtr. 2026 | 0% |
| 3rd qtr. 2026 | 0% |
| You are hand-to-mouth for corn-for-feed needs. Be prepared to make additional purchases. | |
| Meal | |
| 4th qtr. 2025 | 100% |
| 1st qtr. 2026 | 66% |
| 2nd qtr. 2026 | 0% |
| 3rd qtr. 2026 | 0% |
| You have all meal for feed needs covered through February in the cash market. |