Two reports on Friday from the USDA showed that cattle and hog herds continue to expand in the United States, likely signaling record beef and pork production in 2018. For livestock producers, this expansion has…
Cattle Drive Lower
Beef prices ground to a new low this week as investors bailed out of the cattle market. Last month, buyers had been making bets on rising prices on hopes of rising demand, but they have…
Wheat Market Withers
Wheat prices drilled into new lows this week, with prices for Chicago and Kansas City wheat futures nearing $4.00 per bushel. The market lost ground as foreign competitors, like Russia and Australia, undercut American wheat…
Buyers Want Soybeans
As U.S. farmers are finishing the soybean harvest this week, they were greeted with rising soybean prices, which neared $10.00 per bushel. Prices gained on hopes for more demand from China’s pork producers, who need…