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USDA price outlook projects continued slide

USDA is projecting a continued downturn in commodity prices for 2024. Chief economist Seth Meyer tells Brownfield the slide began more than a year ago. “Off of those peaks in 2022. And generally speaking, the expectation is that for the 2024/2025 crop season that... Read More.

Cattle futures slide as cash prices continue to decline

At the Chicago Mercantile Exchange, live and feeder cattle closed sharply lower, pressured by the decline in cash business. February live cattle closed $5.42 lower at $163.55, and April live cattle closed $4.82 lower at $166.67.  January feeder cattle closed $4.55 lower at... Read More.

Cattle, hog futures slide at the end of the week

At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct business develop. December lives closed $.80 lower at $183.87.  January feeder cattle closed $2.42 lower at $239.75.  There was a light direct cash cattle trade that developed later in the day... Read More.

Cattle futures slide ahead of widespread direct trade

Chicago Mercantile Exchange live and feeder cattle were lower, waiting for the week’s direct trade to get underway. Feeders led the way down on the higher move in corn. October live was down $1.00 at $183.15 and December was $.60 lower at $187.85.... Read More.

Corn export sales slide to marketing year low

U.S. corn export sales hit a marketing year low during the week ending April 27th. The USDA says the net reduction of more than 315,000 tons of U.S. corn followed significant cancellations by China and unknown destinations. Pork exports were down from the... Read More.

Hog futures continue downward slide

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were mostly higher ahead of the week’s direct cash business.  Feeders found some additional support from the mostly lower move in corn. April live cattle closed $.40 higher at $162.52 and June... Read More.

Slide continues for corn, soybeans, wheat

Soybeans were lower on fund and technical selling. 61% of U.S. soybeans are in good to excellent shape, up 1% on the week, with better conditions reported in eastern growing areas. Near-term weather is likely to cause stress in some key growing areas,... Read More.

MO crop conditions continue to slide

Crop conditions are mostly lower in Missouri on the week as ground conditions are suffering. USDA says corn silking has improved to 65 percent, five percent above a year ago. Corn doughing has progressed to 15 percent, up 13 percent from last week. The... Read More.

Prices slide on prospects of U.S. bumper crop

Corn and soybean futures are spiraling lower as prospects for a bumper U.S. crop improve. Iowa State University Extension economist Chad Hart says USDA’s supply and demand report Tuesday was negative across the board. “Signs of demand weakness, while at the same time not seeing a... Read More.