The Latest Breaking News from USDA

Live cattle futures slipped lower on Friday, with contracts down $1 to $1.55. February was down $2.27 last week. Open interest was down 4,092 contracts on Friday. Cash trade was picked up at $232-233 across the country last week. The Friday morning Fed Cattle Exchange online auction showed no sales,...

Soybeans are starting of the USDA report day with 5 to 6 cent gains. Futures slipped off the midday highs on Friday with contracts up 1 to 1 ½ ents in the front months at the close. March was up 16 3/4 cents on the week. Open interest was up...

While I wanted to talk about something else, anything else, to start the week, the latest market news was not expected, nor was it surprising.

USDA notified state’s governor of decision, citing inquiries into alleged fraud by local non-profits and businesses

The USDA is suspending more than $120 million in federal funding to Minnesota effective immediately

Lean hog futures were weaker on Friday, with contracts down a dime to 57 cents on the day, as February was $1.20 lower this week. USDA’s national base hog price was reported at $68.08 on Friday afternoon, which was down $1.29 from the day prior. The CME Lean Hog Index...

The wheat complex spent the Friday session squaring up ahead of the Monday USDA reports. Chicago SRW futures were fractionally lower, with March up 10 ¾ cents this week. KC HRW futures closed with steady action, as March was 15 ¼ cents higher on the week. MPLS spring wheat was...

Live cattle futures slipped lower on Friday, with contracts down $1 to $1.55. February was down $2.27 this week. Cash trade was picked up at $232-233 across the country this week. The Friday morning Fed Cattle Exchange online auction showed no sales, with bids of just $230-231. Feeder cattle futures...

Cotton futures rounded out the Friday session with contracts steady to 5 points lower, as March was 40 points higher this week. Crude oil futures were back up $1.02 per barrel at $58.78. The US dollar index was up $0.212 at $98.900. USDA’s Export Sales now has upland cotton export...

Soybeans slipped off the midday highs this week with contracts up 1 to 1 ½ ents in the front months at the close. March was up 16 3/4 cents on the week. The cmdtyView national average Cash Bean price was 1 1/2 cents higher at $9.90 3/4. Soymeal futures closed...

Corn futures rounded out the Friday session with contracts fractionally lower, as March managed to close the week with an 8 ¼ cent gain. Futures spent the session squaring up ahead of Monday’s USDA report. The CmdtyView national average Cash Corn price was down ¼ cent at $4.07 1/4. After...