Cattle futures higher ahead of direct business

Cattle futures higher ahead of direct business

At the Chicago Mercantile Exchange, live and feeder cattle were higher with boxed beef up at midday, waiting on direct business to develop.  February live cattle closed $.75 higher at $235.27 and April live cattle closed $1.05 higher at $236.22.  March feeder cattle closed $2.22 higher at $357.72 and April feeder cattle closed $1.95 higher…Continue Reading

USDA: Trump tariffs improved trade deficit, will boost U.S. ag exports

The U.S. Supreme Court is expected to issue its decision on the legality of President Trump’s tariffs soon and USDA’s Under Secretary for Trade says he’s confident President Trump’s tariffs are appropriate. Luke Lindberg says the tariffs have helped improve the U.S. trade deficit. “We ended the fiscal year 2025 with a $41.5 billion trade…Continue Reading

New World screwworm confirmed 215 miles from Texas border

A new case of New World screwworm has been confirmed roughly 215 miles from the Texas border. Texas Agriculture Commissioner Sid Miller says the infection was found in a seven‑year‑old bovine in González, Tamaulipas, with no reported history of movement outside the area. Miller says this detection has no apparent link to commercial animal movement…Continue Reading

Soybeans take profits as corn and wheat futures end session mixed

Soybeans were lower on profit taking and technical selling. South America has some areas of concern, but for now, the trade is expecting big production. The USDA’s updated global production numbers are out on the 12th, while CONAB’s new outlook on Brazil’s crops is set for the 15th. China bought 132,000 tons of 2025/26 U.S.…Continue Reading

Closing Grain and Livestock Futures: January 8, 2026

Mar. corn $4.46, down 3/4 centMar. soybeans $10.61 and 1/4, down 5 and 3/4 centsMar. soybean meal $303.60, down $1.80Mar. soybean oil 49.45, up 14 pointsMar. Chicago wheat $5.18, unchangedFeb. live cattle $235.27, up 75 centsMar. feeder cattle $357.72, up $2.22Feb. lean hogs $85.87, up $1.07Feb. Class III milk closed at $15.08, down 34 centsFeb.…Continue Reading

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