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U.S. hog herd continues to contract with no signs of expansion

USDA’s Hogs & Pigs Report estimated the U.S. hog herd at 72.5 million head as of June 1, down 629,000 head (0.9%) from year-ago.

First Thing Today | June 29, 2022

The corn, soybean and winter wheat markets built on Tuesday’s strong gains overnight, while spring wheat firmed after small losses yesterday.

First Thing Today | June 28, 2022

Corn and wheat futures posted strong gains on corrective buying overnight, while soybeans sharply extended Monday’s gains.

Corn, soybean and spring wheat CCI ratings fall

The corn CCI rating is now below the five-year average for the first time this year. The soybean and spring wheat ratings remain above average.

First Thing Today | June 27, 2022

Corn futures traded lower throughout the overnight session, while soybeans and wheat rebounded from initial losses.

Your Pro Farmer Newsletter (June 24, 2022) is now available

Recessionary fears are building, which triggered heavy long liquidation in commodities last week.

Meat
Record May frozen beef stocks

USDA's Cold Storage Report signaled demand is not keeping pace with supplies amid near-record retail prices.

Market Watch | June 23, 2022

Cash wheat prices plunge.