April 4, 2024
By Meghan Grebner
South Korea is the fifth largest market for U.S. agricultural goods and a recent trade mission is helping ag officials to further develop that relationship. USDA’s Undersecretary for Trade and Foreign Agriculture Affairs, Alexis Taylor, says South Korea purchased more than $8 billion in exports in 2023. “We are really focused on market diversification and […]
April 3, 2024
By Carah Hart
The chief marketing economist for StoneX Group says domestic soybean crush will become an even bigger market for U.S. soybeans if China gives Brazil more business the next crop marketing year. Arlan Suderman says new soybean crush plants are opening across the United States. “We’ve already opened a lot of additional crush capacity over the […]
March 19, 2024
By Carah Hart
Midwest lawmakers in the U.S. House of Representatives sent letters to the Biden administration this week asking for expanded market access for U.S. biofuels and continued engagement with Brazil on its import tariff for U.S. ethanol. Brazil’s import tariff on U.S. ethanol has been in place since 2023 and it’s expected to increase to 18% […]
March 7, 2024
By Brent Barnett
Some bids are now on the table in cash cattle country in parts of Kansas and Nebraska. Asking prices are around $186 to $187 in the South and $294 plus in the North. Packer inquiry should continue to improve as the day progresses, but it’s possible significant trade volume could be delayed until Friday. Beef […]
March 6, 2024
By Brent Barnett
Cash cattle country is off to a slow start on Wednesday with no bids on the table. Some light business took place Tuesday with just a few head of live steers traded in Iowa at $183. Significant trade volume is likely to be delayed until Friday. Boxed beef cutout values were mixed at midday with […]
March 5, 2024
By Brent Barnett
Cash cattle country remains quiet on Tuesday with bids and asking prices not established. Showlists this week are mixed – higher in Texas, but lower in Kansas and Nebraska/Colorado. Significant trade volume will likely be delayed until the second half of the week.Boxed beef was mixed at midday with light to moderate box movement. Choice […]
March 1, 2024
By John Perkins
Direct cash cattle markets are quiet, with widespread business likely wrapped up for the week. Some cleanup trade is possible after the light to moderate activity on Wednesday and Thursday, with asking prices of $184+ on the live basis and $292+ dressed. Most of this week’s business has been at $183 live, steady with the […]
February 29, 2024
By John Perkins
Direct cash cattle business is light. Sales are reported at $183 on the live basis in Texas and western Nebraska, steady with the weighted averages from both Wednesday and last week. Asking prices are $184+ live with bids at $290 dressed. Light activity in Kansas Wednesday was at $182 to mostly $183 live. Beef export […]
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