Livestock Analysis | June 30, 2021
Feeder cattle futures hit two-week lows as USDA's corn acreage signals higher feed costs, hogs mixed.
Commodity traders focus on today’s Acreage, Grain Stocks reports from USDA
After the Bell | June 30, 2021
USDA acreage surprise sends grain, soybean futures up sharply, feeder cattle pressed by feed cost concerns.
Get a breakdown of the need-to-know items from today's WASDE and Crop Production reports.
The Supreme Court in favor of refiners regarding SREs. USDA boosts its food price inflation forecasts. Meanwhile, its monthly Cattle on Feed Report was generally in line with expectations.
Corn ratings finally stabilized, but condition ratings for soybeans and wheat continue to decline. Meanwhile, labor shortages and rising input costs have dampened farmer optimism.
A few issues linger on physical infrastructure measure
Spotty Midwest drought improvement, spring wheat areas still baking.