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Livestock Analysis

Market Snapshot

Sharp Drop Erases November’s Short Trip into Positive Ground

Trump open to including farm aid in stripped-down CR sans ‘Democrat giveaways’

Soybeans saw corrective strength, corn languished near unchanged and wheat favored the downside in the overnight session.

For the week ended Dec. 12, corn sales rose 24% to 1.17 MMT from a week ago, while wheat and soybean sales jumped 58% and 21%, respectively.

SRW wheat futures fell to contract lows overnight, while HRW and HRS contracts held above their recent lows. Corn followed wheat to the downside, while soybeans posted mild corrective gains.

Speaker faces growing GOP backlash over compromise CR legislation

Sharp weekly decline in the average cash soybean price.

Only two rate cuts expected in 2025, fewer than previously anticipated