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The Latest Breaking News from USDA

Lean hog futures posted mixed Tuesday action with contracts down 42 to up 40 cents. Preliminary open interest was down 6,796 contracts on Tuesday, with much of that coming via December (11,027). USDA’s national base hog price from Tuesday afternoon was reported at $82.12, down $1.83 from the day prior....

Barchart

US Supreme Court Sides with Trump: $4bn SNAP Cut Hits 42 Million Low-Income Families

The US Supreme Court temporarily backs Donald Trump's administration in a $4bn SNAP cut, leaving 42 million low-income Americans facing food insecurity.

International Business Times

US Supreme Court Sides with Trump: £3bn SNAP Cut Hits 42 Million Low-Income Families

The US Supreme Court temporarily backs Donald Trump's administration in a £3 billion SNAP cut, leaving 42 million low-income Americans facing food insecurity.

International Business Times UK

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Hogs Post Mixed Tuesday Trade

Lean hog futures posted mixed Tuesday action with contracts down 42 to up 40 cents. USDA’s national base hog price from Tuesday afternoon was reported at $82.12, down $1.83 from the day prior. The CME Lean Hog Index was down another 64 cents on November 7 at $89.41. USDA’s pork...

Barchart

Cattle Slip Off Highs into the Close

Live cattle futures were down 60 cents to $1.35 at the close. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Monday activity was quiet with showlists being compiled. Feeder cattle futures slipped off the midday highs to close with front month gains of...

Barchart

NY Sugar Futures Supported by Strength in the Brazilian Real

March NY world sugar #11 (SBH26 ) on Tuesday closed up +0.05 (+0.35%), and December London ICE white sugar #5 (SWZ25 ) closed down -0.30 (-0.07%). Sugar prices settled mixed on Tuesday. NY sugar found support due to the strength of the Brazilian real. The real (^USDBRL ) rallied to...

Barchart

Mixed Wheat Action Continues at Midday

The wheat complex is showing mixed action as we trade through midday. CBT soft red wheat futures are mixed, with December down a penny. KC HRW futures are down 1 to 4 cents on Tuesday. MPLS spring wheat futures are up 3 to 4 cents at midday. USDA is expected...

Barchart

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Cattle Trading Mixed, with Feeders Extending Gains

Live cattle futures are down 7 to 65 cents in the front months so far on Tuesday, giving back some of the Monday limit gains. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Monday activity was quiet with showlists being compiled. Feeder cattle...

Barchart

Hogs Trading Mixed on Tuesday

Lean hog futures are following up the sharply higher Monday trade with mixed Tuesday action of down 20 to up 50 cents USDA’s national base hog price from Tuesday morning was reported at $82.19, down $2.10 from the day prior. The CME Lean Hog Index was down another 64 cents...

Barchart

Brazilian Real Strength Sparks Short Covering in NY Sugar Futures

March NY world sugar #11 (SBH26 ) today is up +0.06 (+0.42%), and December London ICE white sugar #5 (SWZ25 ) is down -0.90 (-0.22%). Sugar prices are mixed today. NY sugar is moving higher today due to strength in the Brazilian real. The real (^USDBRL ) rallied to a...

Barchart

Hogs Look to Tuesday After Monday Rally

Lean hog futures posted gains of $3.27 to $3.50 across most front months on Monday. Shorts were getting out, with open interest down 5,351 contracts. USDA’s national base hog price from Monday PM was reported at $84.29, down 4 cents from the day prior. The CME Lean Hog Index was...

Barchart

Cattle Look to Tuesday with Expanded Limits

Tuesday will have expanded limits of $10.75 for live cattle and $13.75 for feeders. Live cattle futures were the $7.25 limit higher in the front to close out the Monday session, with other contracts up $6.35 to $7.17. Open interest was down 1,182 contracts to start the week. Last week’s...

Barchart

Trump says "we can reform" SNAP

"SNAP is supposed to be if you are down and out," Trump said on Fox News this evening.

Axios

Hogs Rally to Kick off the Week

Lean hog futures posted gains of $3.27 to $3.50 across most front months on Monday. USDA’s national base hog price from Monday PM was reported at $84.29, down 4 cents from the day prior. The CME Lean Hog Index was down another 55 cents on November 6 at $90.05. USDA’s...

Barchart

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Cattle Start the Week with Limit Gains

Live cattle futures were the $7.25 limit higher to close out the Monday session. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Feeder cattle futures closed the Monday session with $9.25 limit gains. The CME Feeder Cattle Index was back down $1.86 to...

Axios

Order to fund SNAP overstepped judge's power, DOJ argues to Supreme Court

"Once more, the government unequivocally agrees that any lapse in SNAP funding is tragic," the solicitor general said.

Barchart

Dear Grain and Cotton Traders, Mark Your Calendars for November 14

The biggest catalyst on the horizon for corn, soybean, winter wheat, and cotton futures markets is the USDA report on Friday, Nov. 14.

The Independent UK

How fast will SNAP food stamps start flowing again once the government reopens?

About 42 million Americans rely on SNAP benefits

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Barchart

NY Sugar Prices Move Higher on Brazilian Real Strength

March NY world sugar #11 (SBH26) on Monday closed up +0.10 (+0.71%), and December London ICE white sugar #5 (SWZ25 ) closed down -1.40 (-0.34%). Sugar prices settled mixed on Monday, with London sugar posting a new 4.75-year nearest-futures low. The outlook for robust global sugar supplies is pressuring prices....

The Texas Tribune

Texans have started to receive partial SNAP payments

The federal government paused SNAP payments at the beginning of the month because of the shutdown.

The Independent UK

Supreme Court moving fast on SNAP freeze after Trump leaves millions who need food in limbo

Fast-moving legal battle over nation’s largest anti-hunger program hinges on government shutdown

Barchart

Cattle Bulls Putting Risk Back On with Limit Gains

Live cattle futures are up $7 to the $7.25 limit on Monday. Last week’s cash trade was reported at $225-230 in the north, with $230-232 Southern sales. Feeder cattle futures are up the $9.25 limit so far on Monday. The CME Feeder Cattle Index was back down $1.86 to $345.96...

Barchart

Hogs Rallying on Monday

Lean hog futures are showing $1.82 to $3.15 gains on Monday. USDA’s national base hog price from Monday AM was reported at $84.29, down 19 cents from the day prior. The CME Lean Hog Index was down another 55 cents on November 6 at $90.05. USDA’s pork carcass cutout value...

Barchart

NY Sugar Prices Climb as the Brazilian Real Strengthens

March NY world sugar #11 (SBH26 ) today is up +0.05 (+0.35%), and December London ICE white sugar #5 (SWZ25 ) is down -2.00 (-0.49%). Sugar prices are mixed today, with London sugar posting a new 4.75-year nearest-futures low. The outlook for robust global sugar supplies is pressuring prices. Last...

Axios

SNAP payment decision gets quick review from Supreme Court

Officials have until 4pm ET to ask the Supreme Court to block the payments.

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