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Cattle futures saw impressive strength today, helping shrink discounts to the cash market.

June 5, 2025

Fed’s Beige Book flags ag strains.

Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.

Grains saw relative strength overnight though saw a modest increase of selling pressure going into the break.

Half of Fed districts report farm-sector weakness amid broader economic easing.

Traders’ focus is split between trade happenings, weather and geopolitics.

Soybeans basis also firmed over the past week.

British PM signals implemented trade deal soon, talks with EU show progress.