At the Chicago Mercantile Exchange, live and feeder cattle were lower on profit-taking, waiting for direct business to develop. February lean hogs closed $2.10 lower at $235.15 and April live cattle closed $1.65 lower at $237.32.  March feeder cattle closed $2.42 lower at $359.70 and April feeder cattle closed $2.42 lower at $358.17.  Direct cash […]

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The USDA is forecasting lower dairy prices for this year despite strong exports. In its latest supply and demand report, the department says increased milk production per cow is expected to rise, along with fat basis exports, given the competitiveness of butter and cheese on the international market. Recent price weakness for butter and cheese […]

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Soybeans were mixed, mostly modestly higher. Contracts consolidated and adjusted spreads after the recent losses, with China buying another 334,000 tons of 2025/26 U.S. beans Wednesday morning, fulfilling more of the recent trade rumors. It has taken some goalpost moving, auctions from state reserves to clear space, and purchases of U.S. soybeans at relatively expensive […]

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Cash dairy prices were mostly higher on the Chicago Mercantile Exchange on Wednesday, finding support from a lower dollar and good global demand. Dry whey up $0.01 at $0.72. One trade was made at that price. Blocks unchanged at $1.2850. Four sales were made at $1.2850 and $1.2875. Barrels unchanged at $1.36. Butter up $0.0075 […]

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