At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower on technical selling and concerns about a government shutdown. October live cattle closed $2.30 lower at $184.20 and December live cattle closed $2.50 lower at $187.92. October feeder cattle closed $2.25 lower at $252.47 and November feeders closed $2.77 lower at $254.90.
It was a quiet Friday for direct cash cattle trade activity. There was a light to moderate trade that took place on Wednesday and Thursday.
A livestock economist says he expects global trade in the year ahead to reflect efforts to rebalance herd inventories. Lance Zimmerman
Mexico’s proposed ban on genetically modified corn is sending mixed signals to organic grain markets. Ryan Koory with Argus Media says
The Kansas Agriculture Department says it’s investigating the possible first case of highly pathogenic avian influenza this fall. The affected poultry
Across the Corn Belt, rain is halting late-season fieldwork, mainly east of the Mississippi River. In Michigan, 79% of the corn
U.S. soybean crush is expanding and the director of marketing with AGP says renewable diesel demand is driving the growth. Reggie
The lack of precipitation this fall has taken a toll on southeast Missouri cow/calf producer Charlie Besher. “We had to sell
Soybeans were lower on fund and technical selling, still closing mixed for the week. Planting in Brazil is past 75% and
Dec. corn closed at $4.64 and 1/2, up 2 and 3/4 centsJan. soybeans closed at $13.25, down 17 and 3/4 centsDec.
The USDA has announced it will extend its trial program, allowing six pork processing facilities to operate at increased line speeds.
