Agriculture News
The Current Conditions Index for December was 112, while the Future Expectations Index was 115, both down one point from the previous month.
No overnight grain trade. Grain and livestock markets will resume trading at 8:30 a.m. CT.
In week ended Dec. 21, weekly corn sales totaled 1.242 MMT, up 23% from the previous week, while exports of 1.278 MMT notched a marketing-year high.
Wheat basis and cash prices firmed over the past week.
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.