News
Placements dropped 3.3% from year-ago and fell below the bottom end of pre-report expectations.
Beef stocks rose less than normal, while pork inventories increased more than average.
Order halts $50 billion in initiatives as Trump targets climate-friendly policies
Inflation slows for food prices, but volatility remains in key categories
Access this week’s newsletter here.
USDA nominee Rollins gets good reviews following confirmation hearing
Corn, soybeans and wheat each opened lower overnight on reports that Argentina is cutting export taxes.
Corn sales during the week ended Jan. 16 rose 62% from the previous week, while soybean sales were more than double. Meanwhile, wheat sales slid 68%, missing pre-report expectations.
Corn, soybeans and wheat faced price pressure overnight in reaction to Argentina cutting grain and soy export taxes through midyear.