Agriculture News
Cash cattle prices rise for the first time in seven weeks.
USDA showed weekly corn inspections of 1.082 MMT for week ended Dec. 21, topping the pre-report range by over 150,000 MT.
Traders expected a 0.5% decline in the Dec. 1 hog inventory.
Placements declined less than expected, while marketings fell more than anticipated.
The increase in beef stocks was about average during November.
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Corn, soybeans and wheat modestly favored the upside, while holding in tight trading ranges during a quiet overnight session.
The projected decline in grocery store prices would be the first since they dropped 1.3% in 2016.
The RMI below growth neutral for fourth consecutive month.
Pork export sales for 2023 and 2024 were strong and weekly shipments were a high for the year.