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May 1 feedlot inventory declined 1.5% from year-ago, as expected.

Part of the increase in pork stocks tied to a big downward revision to March inventories.

President Trump threatens ‘straight 50% tariff’ on EU goods

Cattle and wheat saw relative strength today despite the weakness seen in the general marketplace.

Soybeans saw relative weakness today, pulling corn lower.

Cattle futures ended the day near unchanged despite weakness across the overall marketplace.

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May 23, 2025

Corn, soybeans and wheat each saw modest losses most of the overnight session though selling efforts accelerated in corn and beans following this morning’s posts from President Trump regarding EU tariffs.