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Soybeans were higher on fund and technical buying, adding a little bit to the week’s gains. Argentina’s crop is being impacted by hot, dry weather, which has pulled condition ratings lower. The Buenos Aires Grain Exchange says 53% of Argentina’s crop is in good to excellent shape, a decline of 8% on the week. Brazil’s […]

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At the Chicago Mercantile Exchange, live and feeder cattle closed higher watching direct business develop and waiting for the USDA’s On Feed numbers. February live cattle closed $2.52 higher at $234.90 and April live cattle closed $2.10 higher at $236.92.  March feeder cattle closed $.90 higher at $360.17 and April feeder cattle closed $.80 higher […]

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Beef and pork demand continues to be solid. The USDA says red meat in cold storage at the start of 2026 was down 3% from the start of 2025 at 845.343 million pounds, with beef declining 4% 437.458 million pounds and pork 2% lower at 390.555 million pounds, despite higher production during December. Consumer demand […]

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