Wheat futures are finding support as renewed Black Sea shipping disruptions tighten concerns over global grain supplies, while U.S. cattle placements plunge to their lowest September level since records began in 1996. On Monday’s SF Daily, host Lorrie Boyer breaks down the grain market moves, livestock numbers, and the USDA reports shaping agriculture.
🌾 Wheat: Escalating Black Sea fighting has halted shipping again, helping oversold wheat futures strengthen as U.S. prices begin catching up with global markets.
🌽 Corn & Soybeans: Harvest pressure could weigh on corn prices, while stronger-than-expected soybean demand is absorbing supplies despite pressure from crude oil weakness and Brazil’s political developments.
🐄 Livestock: September cattle placements fell 12% year over year to 1.78 million head, the lowest for the month since 1996, while cattle marketings dropped 7%.
📈 Cold Storage: Frozen red meat supplies rose 3% from a year ago, with pork inventories up 9% even as beef stocks declined 1%.
SF Daily delivers fast, actionable agriculture news covering grain markets, livestock, USDA reports, farm weather, and ag business to help you start your day informed.
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