News
Highlights from today’s USDA Crop Progress and Condition Report.
Purdue University and CME Group report the Ag Economy Barometer dropped 20 points during May to a reading of 158 points, the lowest since September 2020.
JBS is the world’s largest meatpacker and it controls around 25% of all U.S. beef capacity and roughly 20% of its hog slaughter capacity.
Initial Pro Farmer corn CCI rating is 4.7 points above the five-year average
An already low spring wheat CCI rating falls even further below the five-year average
More U.S. inflation | Aggressive China | Frost/Freeze in Upper Midwest
Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.
Grain and soy futures are sharply higher to start the week after a weekend frost. Live and feeder cattle futures are under pressure with lean hogs mixed.
Wheat inspections dropped notably from last week’s strong showing. Soybean inspections were lackluster, as expected.