Agriculture News
No overnight grain trade. Grain and livestock markets will reopen at 8:30 a.m. CT following the extended holiday weekend.
The Dec. 1 hog herd fell 1.8% from year-ago and was 210,000 head less than the average pre-report estimate implied.
The Dec. 1 feedlot inventory fell 2.6% from year-ago, the third straight month with a year-over-year decline.
Access this week’s newsletter here.
Corn, soybeans and wheat firmed after trading lower early in the overnight and are near their highs this morning.
Export sales data for week ended Dec. 15 showed soybeans falling short of expectations by 64,000 MT, with corn and wheat both low range. Cotton export sales reflected a nearly 90,000 RB net reduction for the week.
Corn, soybean and wheat futures held in tight ranges in a lightly traded overnight session.
Boxed beef prices surged over the past week.
Corn, soybeans and wheat opened lower overnight but firmed through the session and are higher this morning.