After the Bell| August cattle hit contract high once again

July 28, 2025

ProFarmer - After the Bell.jpg
Pro Farmer After the Bell
(Lindsey Pound)

Corn: December corn futures fell 5 cents to $4.14, nearer the session low and hit a two-week low. The corn market is bleeding again with December prices back near the contract low. Price-bearish weather and solid gains in the U.S. dollar index today more than offset some good news from a U.S-European Union trade deal reached over the weekend.

Soybeans: November soybeans fell 9 1/2 cents to $10.11 1/2, hit a two-week low and closed nearer the daily low. September soybean meal fell $2.80 to $269.40, near the daily low and hit a two-week low. September soybean oil rose 2 points to 56.27 cents, nearer the session high. The soybean market saw selling pressure today from a strong U.S. dollar and very good growing conditions for most of the U.S. soybean crop, with more of the same in the forecast.

Wheat: December SRW wheat rose 1/2 cent to $5.58 3/4, nearer the daily high and hit a nine-week low early on. December HRW wheat lost 1 cent to $5.46 3/4, near mid-range. December spring wheat futures fell 3 cents to $6.03. The winter wheat futures markets held their own today, despite selling pressure in corn and soybean futures.

Cotton: December cotton rose 11 points to 68.34 cents, nearer the daily low.The cotton market continues to chop in a trading range but the bulls are working on a price uptrend on the daily chart. Gains in cotton were limited by a surge in the U.S. dollar index to start the trading week.

Cattle: August live cattle rose $1.40 to $227.875, nearer the session high and and hit another contract/record high. August feeder cattle rose $2.15 to $333.525, near mid-range and hit a contract/record high.
The cattle futures bulls were out of the gate strong early today, following a price-friendly USDA monthly Cattle-on-Feed Report released Friday afternoon.

Hogs: August lean hogs fell 17 1/2 cents to $108.525, nearer the session high.The lean hog futures market paused today but prices remain in an uptrend from the mid-July low. August hog futures’ discount to the CME cash hog index is limiting selling interest in futures.