The U.S. Food and Drug Administration has announced conditional approval of the first parasite control product that prevents and treats New World screwworm in cattle. According to Zoetis, their new product Dectomax-CA1 treats infestations caused by larvae of Cochliomyia hominivorax, or myiasis, and it prevents reinfestation for 21 days. In the first half of 2026,…… Continue Reading
Grains slip after USDA numbers; China demand, South America eyed
Soybeans were lower on fund and technical selling. The USDA says September 1st grain stocks were below a year ago at 316.498 million bushels, even after an upward revision on 2024 production. That also serves as the first unofficial estimate for 2024/25 ending stocks. Harvest is slower than average following last week’s rains, but near-term…… Continue Reading
Nicholson: U.S. soybean futures hold, but basis “sloppy” without China buys
China’s lack of interest in U.S. soybeans is keeping a global oilseed strategist on alert as harvest continues. Stephen Nicholson with Rabobank says soybean futures prices have held up relatively well, but basis levels are getting sloppy. “Particularly in the interior of the United States,” he says. “That’s surprising, given processors need to buy beans,…… Continue Reading
Cash hogs mixed with huge closing negotiated movement at major markets
Chicago Mercantile Exchange live cattle were up and feeders were sharply higher, getting ready for the week’s direct business. Feeders took the lead on the lower move in corn and the tight supply of market ready numbers, helping contracts shrug off some of the recent cash and wholesale bearishness. October live was up $.52 at…… Continue Reading
Feed corn demand weighs on U.S. corn stocks
An ag economist with University of Missouri Extension says he was surprised with U.S. corn stocks as of September 1. Ben Brown says in USDA’s latest Quarterly Grain Stocks report… “200 million bushels of additional supply into what’s already a record supply for the new crop marketing year for corn will continue to weigh on…… Continue Reading
China’s trade tactics could impact the future of U.S. soybean exports
A professor at Michigan State University says he’s concerned the rapid loss of market share to South America could impact the future of U.S. soybean exports. David Ortega says China still has not made any new crop soybean purchases for the current marketing year. “China likes stability when it comes to trade policy,” he says.…… Continue Reading
CHS CEO calls soybean export drop to China “very concerning”
A top U.S. grain merchandiser is concerned by the lack of soybean exports to China. CHS CEO Jay Debertin calls the situation unfortunate. “The U.S. grain industry has very little sales on for China for new crop. And perhaps some of the most unfortunate news is Argentina in the last week or so stepped in…… Continue Reading
Missouri seeks SNAP ban on sugary, processed foods
The State of Missouri plans to modify the Supplemental Nutrition Assistance Program to discourage purchases of ultra-processed and sugary foods. Governor Mike Kehoe issued an executive order and sent a waiver request to the USDA on Monday. If approved by the USDA, following stakeholder engagement, Missouri’s SNAP changes will go into effect October 2026. Missouri…… Continue Reading
Closing Grain and Livestock Futures: September 30, 2025
Dec. corn $4.15 and 1/2, down 6 centsNov. soybeans $10.01 and 3/4, down 8 and 3/4 centsOct. soybean meal $265.70, down $2.40Oct. soybean oil 48.87, down 24 pointsDec. Chicago wheat $5.08, down 11 and 1/2 centsOct. live cattle $231.85, up 52 centsOct. feeder cattle $361.02, up $4.82Oct. lean hogs $99.85, down $1.30Oct. Class III milk…… Continue Reading
USDA: August farm prices rise slightly, but input costs still outpace gains
The USDA says farmers made and paid a little bit more in August than they did in July. The USDA’s index of prices received was up 1% on the month thanks to gains in cattle, calves, strawberries, and lettuce, against losses in corn, broilers, market eggs, and grapes. The index of prices paid was 0.9%…… Continue Reading
