Livestock Analysis | February 26, 2024

Market Snapshot | February 26, 2024

Weekly corn inspections during the week ended Feb. 22 totaled 1.242 MMT, exceeding the pre-report range by over 91,000 MT and rose nearly 190,000 MT from the previous week.

Soybeans are firmer with corn and wheat under pressure to start the week. Cattle futures open the week under pressure with lean hogs also lower...

House Speaker Johnson admits funding snags impacting new farm bill timeline

Corn futures fell to fresh contract lows overnight, dragging wheat lower as well. Soybeans fell to contract lows though saw corrective buying into the break.

No changes to the short-term chart trends this week.

Corn, soybeans and wheat traded lower overnight, with nearby corn and soybeans falling to new contract lows.

SAF details coming by March 1 | Vilsack testifies Wed. | Senate WRDA hearing | WTO ministerial meeting

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