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Frozen beef stocks declined more than average during March, signaling demand remains strong. Pork inventories built contra-seasonally last month.
USDA’s Animal and Plant Health Inspection Service (APHIS) will require testing for the H5N1 virus in dairy cattle crossing state lines. Any detection of the disease must also be reported.
After the Bell | April 24, 2024
USDA rule on nutritional standards in school meals; first-ever limits on added sugars in school meals
Corn, soybeans and wheat each traded in tight ranges overnight considering the recent volatility.
Grain futures mildly pulled back from recent corrective gains during the overnight session.
After the Bell | April 23, 2024
Cordonnier leaves South American crop estimates unchanged, Russia damages export infrastructure and Blinken will visit Beijing...
Archer Daniels Midland CFO to resign amid DOJ investigation
Corn, soybeans and wheat favored the upside in early overnight trade, though sellers emerged early this morning, bringing corn and soybeans below yesterday’s close.
Wheat futures posted followthrough to Monday’s strong gains overnight, while buying was limited in corn and soybeans.
The HRW CCI rating has declined each of the three weeks this spring, while the SRW rating has improved each week.
After the Bell | April 22, 2024
Weekly corn inspections for the week ended April 18 exceeded pre-report estimates by 120,000 MT, while soybeans and wheat were within expectations.
Corn and soybean futures are under light pressure as wheat futures firm. Fat cattle are higher with feeder futures lower. Lean hogs are posting sharp early gains...
U.S. to introduce stricter standards aimed at enhancing integrity of carbon markets
Corn and soybeans favored the downside overnight, though buying activity increased into the break. Wheat favored the upside and went into the break near session highs.
Short-term trend improves for lean hog futures.
Winter wheat markets built on Friday’s corrective gains during overnight trade, while corn, soybeans and spring wheat struggled to find followthrough buying.
Some House GOP farm bill details could surface this week
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