Thursday, June 8, 2023 11:48AM CDT
The latest run of the U.S. Drought Monitor shows expanding D1, or moderate drought, conditions across the Eastern Corn Belt, while rainy weather in the Southern Plains led to notable improvements.
Wednesday, June 7, 2023 6:35AM CDT
A majority of retail fertilizer prices are again lower after being mostly higher last week. Two fertilizers lead the way lower. Anhydrous was 15% less expensive than last month with an average price of $791/ton. Urea was 6% lower than last month with an average price of $622/ton.
July corn is down 4 1/2 cents per bushel, July soybeans are up 4 3/4 cents, July KC wheat is down 10 1/4 cents, July Chicago wheat is down 3 cents and July Minneapolis wheat is down 8 1/4 cents.
Cash cattle trade made another large jump Wednesday, but traders were having none of it. Liquidation ran rampant across the cattle complex as sellers were aggressive. Hogs showed weakness, partly from spillover pressure, but also in reaction to lower cutouts Tuesday.