Feeder Cattle Close Up Nearly $9

October feeder cattle ended the day up $8.70 at $354.50 per hundredweight (cwt). December live cattle closed up $4.35 at $236.28 per cwt. December lean hogs were up 23¢ at $88.85 per cwt.

Last Tuesday, October feeder cattle lost more than $9 per cwt, and by Friday the contract had fallen $6.55 for the day and $12.10 week-over-week.

“Cattle futures recovered all of last Friday’s losses and then some today, as heavy buying took place in both feeders and live contracts,” said Karl Setzer, partner at Consus Ag Consulting. “Much of this was technical, but strength in the cash market to start the week was also positive. … Retailers continue to absorb much of the elevated cost of beef, but claim this is no longer economical, generating uncertainty over future demand. Hogs were also on the plus side today, as selling interest remains minimal given current U.S. pork stocks.”

December corn ended the day down 6¾¢ at $4.23¼ per bushel.

November soybeans closed down 3½¢ at $10.42¾ per bushel. 

December CBOT wheat closed up 1½¢ at $5.25 per bushel. December KC wheat was down less than a penny at $5.14 per bushel. December Minneapolis wheat was unchanged at $5.71¾.

Published: 4:11 p.m.

Corn Down Less Than 3¢: 9:32

As of 9 a.m. CT, December corn was down 2¾¢ at $4.27¼ per bushel.

November soybeans were up 2¢ at $10.48¼ per bushel.

December CBOT wheat was up 4¼¢ at $5.27¾ per bushel. December KC wheat was up 3¢ at $5.17¾ per bushel.

This morning, USDA announced unknown destinations are buying 148,971 metric tons of corn for the 2025/2026 marketing year.

Arlan Suderman, chief commodities economist at StoneX, noted another round of trade negotiations between the U.S. and China began yesterday in Madrid.

“The ag industry keeps scanning the headlines for fresh signs of progress on negotiating a trade deal that would see soybeans and other commodities moving to China, but none yet exist,” he said. “The uncomfortable fact is that China has more than enough soybeans in its reserves to go through the next year without buying a single bushel from the United States as long as Brazil has a good growing season in the months ahead, and as long as China is comfortable chewing into those reserves. As such, China remains content to punish the U.S. ag sector — one of Trump’s biggest political support blocks — as long as tensions remain between the two countries.”

As of 9:01 a.m. CT, December live cattle were up $2.58 at $234.50 per hundredweight (cwt). October feeder cattle were up $5.23 at $351.03 per cwt. December lean hogs were up 15¢ at $88.78 per cwt.

October crude oil was up 70¢ at $63.39 per barrel.

The U.S. Dollar Index December contract was down to 97.04.

Ahead of 9 a.m. CT, the S&P 500 Index was up 28.42 points, and the Dow Jones Industrial Average was up 83.44 points. 

Published: 9:32 a.m. CT