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Live cattle and lean hogs boasted impressive gains, while feeder futures underwent selling pressure under reports feeder imports from Mexico are likely to resume soon.

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Rules still awaited from Treasury/IRS

But Mexico must follow specific steps to restart cattle shipments to U.S.

The grain and soy complex is undergoing modest selling pressure alongside the livestock markets.

Leadership differences on farm bill extension and financial aid to farmers

Corn and wheat traded in tight ranges near unchanged overnight while soybeans favored the downside.

Corn and wheat futures pivoted around changed in light overnight trade, while soybeans favored the downside.

Top stories for Dec. 12, 2024

Soybeans saw relative strength today while wheat and corn traded lower. Hogs saw modest strength while cattle futures saw profit-taking.