Agriculture News
Analysts expect Wednesday’s Hogs & Pigs Report to show the U.S. hog herd contracted 1.2% from year-ago as of March 1.
March 1 feedlot inventory was the largest ever for the month and 31,000 head more than traders anticipated.
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Grain and soybean futures mildly extended Thursday’s losses in relatively quiet overnight trade.
Diesel prices ease a little but they are still nearly $2 above year-ago.
Grain and soy markets faced price pressure overnight and are trading near session lows this morning.
Wheat basis continues to rebound, but remains much weaker than normal.
Cattle on Feed Report expected to show record March 1 inventory
