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Hogs and Pigs 6/26/25 All Hogs and Pigs: 100.3 vs 99.6 estimate Kept For Breeding: 99.5 vs 100.0 estimateKept For Marketing: 100.4 vs 99.6 estimate Report came out neutral to pre-report estimates.

Mixed overnight trade. Futures spent much of the overnight session on the plus side, but drifted lower as trade wound down for the morning break. Short covering gave the market its overnight strength, but fresh buying will be needed to reverse our current market trend. Fresh news is relatively thin this morning, but we will…

Grains drift on a lack of buying interest. Grain futures are softer again this morning as the market continues to struggle with a lack of fresh bullish news to attract buyers. With next Monday’s USDA reports approaching, along with month-end and quarter-end positioning, there appears to be little appetite for establishing new futures positions. Favorable…

More risk-off trade overnight with a cease-fire. Grain futures continued to post losses overnight, pressured by broader market weakness as a cease-fire was announced yesterday. Gold tumbled another $72, while crude oil fell an additional $3.00 after yesterday’s steep decline. The sharp energy sell-off followed news of a cease-fire between Iran and Israel, which has…

More risk-off trade overnight with a cease-fire. Grain futures continued to post losses overnight, pressured by broader market weakness as a cease-fire was announced yesterday. Gold tumbled another $72, while crude oil fell an additional $3.00 after yesterday’s steep decline. The sharp energy sell-off followed news of a cease-fire between Iran and Israel, which has…

Grains retreat after an overnight higher start. Grain futures opened higher overnight, supported by a strong start in crude oil, but similar to energy, the market reaction faded into the evening. As noted in yesterday afternoon’s report, a higher crude oil open was anticipated due to threats of closing the Strait of Hormuz, a key…

Cattle On Feed On Feed: 99% vs 98.9% estimate Placed: 92% vs 94.1% estimate Marketed: 90% vs 90.7% estimate The placement numbers were slightly lighter than pre-report estimates, alongside marketing being softer than expected. We anticipate a firmer start on feeders, barring any outside events.

Wheat retreats modestly while corn and soybeans continue with gains to end the week. Not much has changed fundamentally in the past 24 hours, with weather and geopolitical developments remaining the primary factors in price discovery. Wheat prices are retreating modestly after Wednesday’s large surge, as world markets are now catching up and reacting to…

The KC wheat futures this morning are at their highest price since late April. Counter-seasonal with harvest for HRW wheat fully underway. Futures traded in a narrow range overnight, with grains showing modest strength while soybeans held steady to slightly weaker. The market appears to be consolidating ahead of another holiday-shortened trading week. Markets will…

The grain trade is set for a Turnaround-Tuesday recovery. Grain futures are mostly firmer this morning, with the exception of Minneapolis wheat, which is down 2 cents. July corn remains near steady and continues to appear undervalued. Weekly corn demand remains strong, even with Brazil’s safrinha crop entering the export market. However, Brazil’s domestic corn…