Thursday, August 5, 2021 2:05PM CDT
USDA will create a national daily report showing comparisons between cash cattle trade and formula base prices. A national weekly report will highlight levels of prices and volume for cash trade compared to grid, formula and forward contracts.
Thursday, August 5, 2021 11:12AM CDT
Corn input costs are expected to be $56 per acre higher than last year, putting the squeeze on profit margins despite relatively high corn prices. The higher input costs make soybeans look much more profitable than corn in 2022, according to university crop budgets.
December corn is up 2 cents, November soybeans are down 8 cents and September KC wheat is up 3 cents.
Cattle and hogs diverged Wednesday. Live cattle futures found support from higher cash and continued higher boxed beef prices. Feeder cattle found some support from a lower corn price. Hogs fell apart later in the day as cutouts posted substantial losses.