USDA Shows Grain Surplus On Friday, the USDA released its quarterly grain stockpile estimates, tallying U.S. inventories of corn, wheat and soybeans. Nationwide wheat stockpiles on September 1 were higher than expected, surpassing 2.5 billion…
Livestock
Cattle Lunge Lower
After showing signs of life recently, the cattle market turned sharply lower at the end of the week, plunging on Friday. The drop came as U.S. beef prices fell to a three-year low, according to…
Pork Market Grinds Lower
Hog prices continued their collapse lower this week, with the most-active December hog contract falling under 49 cents per pound, the lowest price since 2009. Additionally, market watchers are worried about hog weights; the average…
Cattle Lurch Lower
Cattle prices collapsed to a five-year low on Friday at $1.02 per pound. Prices are dropping on expectations that grilling demand will decrease in the coming weeks as temperatures break lower in the shift toward…