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Beef stocks rose more than average during December, while pork stocks increased versus the normal small drawdown in inventories during the month.
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Corn, soybean and wheat futures recouped a portion of Monday’s sharp price losses during the overnight session.
USDA’s weekly export inspections data for week ended Jan. 19 showed corn and wheat inspections toward their lower expected ranges, while soybeans landed near top-end expectations of 1.955 MMT.
Grain and soy futures open the week under pressure with fat cattle futures lower and feeders higher on the dip in corn prices. Lean hogs are lower this morning...
Soybeans will lead grain and soy markets lower on pressure from beneficial rains across Argentina late last week and during the weekend.
U.S. ag trade officials journey to Mexico re: biotech corn trade clash
Short-term trend turns bearish for live cattle and feeder cattle.
Soybeans led overnight price declines amid improved weather in Argentina, while corn and wheat followed to the downside.
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