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The smallest March hog herd and market hog inventory since 2018. The breeding herd is the smallest since 2017.
Corn, wheat, soybeans and cotton rebounded. Cattle and Hogs were pressured.
USTR Katherine Tai today will begin two days of congressional testimony on trade, skepticism surrounds Russian pullback and farm-state senators urge prioritizing green fertilizers...
Grain and soy futures finished higher and high-range overnight as outside market pressure from Tuesday eased. Cattle and hogs also expected to open higher.
World Bank president: In times of food shortages, reduce subsidies for ethanol
Corn and soy complex futures posted modest corrective gains overnight. Wheat futures were weaker for most of the overnight session but have turned mixed early this morning.
Grain and soy markets faced heavy selling tied to improved peace talks between Russia and Ukraine. Hogs futures also faded on that news, while cattle firmed amid the sharp pressure on corn.
Fed may become more aggressive in inflation fight, wheat exporters filling the Black Sea export gap and beef retailers proceed with caution...
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Followthrough pressure from heavy selling in grain and soy futures late in the overnight session amid renewed hopes of Russia/Ukraine peace talks. Livestock markets expected to open lower, too.