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Hog futures pressured by long-term demand concerns

At the Chicago Mercantile Exchange, live and feeder cattle were lower, waiting for widespread direct cash business.  October live cattle closed $1.32 lower at $180.50 and December lives closed $1.02 lower at $184.60.  September feeders closed $1.80 lower at $250.10 and October feeders... Read More.

Wheat leads on global supply concerns

Soybeans were mostly higher, adjusting spreads. Most forecasts have warm, dry weather late this month into next month, potentially stressing the crop and trimming yields. The USDA’s updated yield and production projections are out August 11th in the monthly supply and demand report.... Read More.

Corn soars on development weather concerns

Soybeans were higher on speculative and technical buying but closed below the session highs after failing to find interest above resistance. U.S. soybean conditions did improve over the past week but remain widely mixed and near historical lows as the crop enters a... Read More.

Wheat gains on weather concerns

Soybeans were mixed Friday, still ending the week with strong gains. Soybeans adjusted spreads while watching development weather, with drought impacting nearly 60% of U.S. bean acreage. Near-term forecasts generally have scattered rain with high temperatures in some areas. There was some initial... Read More.

Concerns remain about Prop 12 compliance

The U.S. Meat Export Federation says the recently announced grace period to fully implement Proposition 12 in California provides certainty for producers. The California Department of Food and Agriculture announced last week that pork produced before July 1 could be sold until December 31. Erin... Read More.