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Prices are expected to rise for all three categories by more than their 20-year average.
Inside you’ll find weather updates, both sides of the livestock pricing issue, an update on an infrastructure deal and market-by-market analysis and marketing advice.
Corn pressured by weather, spring wheat supported by crop concerns. Hogs due for a corrective bounce, though that may be difficult to muster.
Heavy rain and storms are on tap for southern and eastern areas of the Midwest. The infrastructure agreement faces some high hurdles reaching the finish line. USDA’s monthly Cattle on Feed Report is out this afternoon.
After the Bell | June 24, 2021 Widespread Midwest rains keep corn, soybean futures under pressure, hog futures still in free-fall.
The measure includes $579 billion in new spending on infrastructure, for a total price tag of $1.2 trillion over eight years.
Find expectations for tomorrow’s Cattle on Feed Report.
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Biden explores ways to relieve refiners of RFS blending requirements, the U.S. Budget deficit has risen sharply and a bipartisan group of senators find consensus on an infrastructure proposal...