March corn closed down 2 1/2 cents and May corn was down 3 1/4 cents. March soybeans closed down 8 cents and May soybeans were down 8 3/4 cents. March KC wheat closed down 2 1/4 cents, March Chicago wheat was down 3 1/2 cents, March Minneapolis wheat was down 3 1/4 cents.

Friday featured widespread selling pressure across ag and outside markets to close the week, with row crop futures posting moderate losses to close what was otherwise a mixed week for price action. Outside markets also saw profit taking with sharp moves lower for equity markets as well as a notable reversal in gold and silver. The U.S. dollar stabilized through the latter half of this week, with the recovery from four-year lows accelerated on Friday by money flow out of precious metals. Energy markets were also mixed on Friday after a firm week, adding another headwind to ag futures heading into the weekend.

The live cattle complex was truly a mixed bag heading into Friday's closing bell. Only the February live cattle contract traded higher, while the deferred contracts traded moderately lower as the market sits on pins and needles waiting for the industry's Cattle Inventory report to be released later this afternoon. It has been exciting to see some stronger trade develop in the fed cash cattle market, but unfortunately with traders knowing the big report is set to be released this afternoon, the strong developments in the cash market seem to be overlooked. Some light cash cattle trade developed in the South at $238 to $240, which is $3.00 to $5.00 higher than last week's weighted average. Some Northern dressed cattle trade developed at $375 to $378, which is $6.00 to $9.00 higher than last week's weighted average. Boxed beef prices were mixed: choice down $1.22 ($366.55) and select up $2.28 ($363.00) with a movement of 57 loads (38.15 loads of choice, 3.95 loads of select, 4.97 loads of trim and 9.61 loads of ground beef).

Between seeing the equity markets and live cattle contracts all fall lower, the feeder cattle contracts were following suit as most of the contracts traded $4.00 to $5.00 lower into Friday's close. There's a cloud of uncertainty that's seemed to overcome the entire marketplace, and currently seems to be ensuing the most havoc on the feeder cattle contracts.

While the cattle contracts sink back in anxiousness, the lean hog contracts at least traded higher in the market's deferred contracts, but the nearby contracts were following suit in a minor regression. It is helpful that midday pork cutout values were up over $2.00 higher -- showing strong continued consumer support.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/30140902/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 2 1/2 cents and May corn was down 3 1/4 cents. March soybeans closed down 8 cents and May soybeans were down 8 3/4 cents. March KC wheat closed down 2 1/4 cents, March Chicago wheat was down 3 1/2 cents, March Minneapolis wheat was down 3 1/4 cents.Friday featured widespread selling pressure across ag and outside markets to close the week, with row crop futures posting moderate losses to close what was otherwise a mixed week for price action. Outside markets also saw profit taking with sharp moves lower for equity markets as well as a notable reversal in gold and silver. The U.S. dollar stabilized through the latter half of this week, with the recovery from four-year lows accelerated on Friday by money flow out of precious metals. Energy markets were also mixed on Friday after a firm week, adding another headwind to ag futures heading into the weekend.LIVESTOCK:The live cattle complex was truly a mixed bag heading into Friday's closing bell. Only the February live cattle contract traded higher, while the deferred contracts traded moderately lower as the market sits on pins and needles waiting for the industry's Cattle Inventory report to be released later this afternoon. It has been exciting to see some stronger trade develop in the fed cash cattle market, but unfortunately with traders knowing the big report is set to be released this afternoon, the strong developments in the cash market seem to be overlooked. Some light cash cattle trade developed in the South at $238 to $240, which is $3.00 to $5.00 higher than last week's weighted average. Some Northern dressed cattle trade developed at $375 to $378, which is $6.00 to $9.00 higher than last week's weighted average. Boxed beef prices were mixed: choice down $1.22 ($366.55) and select up $2.28 ($363.00) with a movement of 57 loads (38.15 loads of choice, 3.95 loads of select, 4.97 loads of trim and 9.61 loads of ground beef).Between seeing the equity markets and live cattle contracts all fall lower, the feeder cattle contracts were following suit as most of the contracts traded $4.00 to $5.00 lower into Friday's close. There's a cloud of uncertainty that's seemed to overcome the entire marketplace, and currently seems to be ensuing the most havoc on the feeder cattle contracts.While the cattle contracts sink back in anxiousness, the lean hog contracts at least traded higher in the market's deferred contracts, but the nearby contracts were following suit in a minor regression. It is helpful that midday pork cutout values were up over $2.00 higher -- showing strong continued consumer support.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/30140902/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

Livestock and poultry producers across the Midwest are stepping up biosecurity measures as highly pathogenic avian influenza (HPAI) continues to circulate among wild birds and commercial flocks. The USDA confirmed additional detections in poultry operations this week, while state agriculture departments urged producers to limit farm traffic and monitor animals closely. According to the Centers for Disease Control and Prevention, the risk to the public remains low, though outbreaks continue to disrupt egg and poultry supplies. 

Reports say that egg prices remain volatile as producers depopulate affected flocks and rebuild inventories. Industry groups say supply recovery could take months, particularly for smaller producers with limited resources. Farm organizations warned that continued outbreaks could strain rural economies and add costs throughout the food chain. Federal and state officials said they are coordinating surveillance, indemnity payments and response efforts to limit further spread during peak migration season.

Livestock and poultry producers across the Midwest are stepping up biosecurity measures as highly pathogenic avian influenza (HPAI) continues to circulate among wild birds and commercial flocks. The USDA confirmed additional detections in poultry operations this week, while state agriculture departments urged producers to limit farm traffic and monitor animals closely. According to the Centers for Disease Control and Prevention, the risk to the public remains low, though outbreaks continue to disrupt egg and poultry supplies. Reports say that egg prices remain volatile as producers depopulate affected flocks and rebuild inventories. Industry groups say supply recovery could take months, particularly for smaller producers with limited resources. Farm organizations warned that continued outbreaks could strain rural economies and add costs throughout the food chain. Federal and state officials said they are coordinating surveillance, indemnity payments and response efforts to limit further spread during peak migration season.-NAFB

Midwest livestock producers monitor avian flu spread

Agricultural equipment manufacturers are taking a cautious outlook as lower crop prices and tight farm margins dampen new machinery demand. John Deere executives said recent earnings reflect softer equipment sales, particularly for large tractors and combines, citing reduced farmer purchasing power. USDA forecasts show net farm income declining from recent highs, largely due to weaker commodity prices. 

Dealers across the Midwest are carrying higher inventories as farmers delay upgrades. Analysts said elevated interest rates have also discouraged capital spending. Manufacturers are increasingly focusing on precision agriculture and aftermarket services as alternative revenue streams. Industry observers say equipment demand could rebound if commodity prices recover, but near-term uncertainty is prompting conservative outlooks across the sector.

Agricultural equipment manufacturers are taking a cautious outlook as lower crop prices and tight farm margins dampen new machinery demand. John Deere executives said recent earnings reflect softer equipment sales, particularly for large tractors and combines, citing reduced farmer purchasing power. USDA forecasts show net farm income declining from recent highs, largely due to weaker commodity prices. Dealers across the Midwest are carrying higher inventories as farmers delay upgrades. Analysts said elevated interest rates have also discouraged capital spending. Manufacturers are increasingly focusing on precision agriculture and aftermarket services as alternative revenue streams. Industry observers say equipment demand could rebound if commodity prices recover, but near-term uncertainty is prompting conservative outlooks across the sector.-NAFB

Ag equipment makers cautious as farm income pressures persist

March corn closed up 3/4 cents and May corn was up 1 cent. March soybeans closed down 2 3/4 cents and May soybeans were down 2 cents. March KC wheat closed up 4 3/4 cents, March Chicago wheat was up 5 1/2 cents, March Minneapolis wheat was up 7 1/2 cents.

Row crop futures again fell from their highest points early Thursday, with chart technicals influencing some selling amid a fundamental outlook for corn, soybeans, and wheat that continues to have plenty of bearish arguments to counter short-term bullish bursts. Outside markets on Thursday were again mostly supportive to ag futures, with a softer U.S. dollar for the sixth time in the past eight sessions. Meanwhile, crude oil and other energy markets were firm on heightened tensions between the U.S. and Iran.

Seeming to merely hold its breath waiting for some fed-cash cattle trade to develop, the live cattle contracts traded modestly lower, unwilling to advance any higher and pressure the market's resistance without first seeing what's going to develop fundamentally in the fed cash cattle market. A single bid is currently on the table in Nebraska at $232, but still no cattle have traded and asking prices aren't firmly established yet this week either. It's most likely that trade will be delayed until Friday.

Boxed beef prices are lower: choice down $0.21 ($369.53) and select down $3.19 ($360.38) with a movement of 67 loads (44.55 loads of choice, 4.73 loads of select, 8.87 loads of trim and 8.70 loads of ground beef).

The feeder cattle complex was a mixed bag in morning trade, as the nearby contracts were scaling higher while the market's deferred contracts were trailing slightly lower and ended the day like their live counterparts, modestly lower. The spot March feeder cattle contract is trading at the highest level it's been at since the market's sharp sell-off in late October.

With the help of a strong export sales report this morning, the lean hog complex got back to trading higher following Wednesday's lower close. It is also helpful from a technical standpoint, the market is no longer up against resistance thresholds, and from a fundamental standpoint that morning pork cutout values were a tick higher as well.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/29141654/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAIN:March corn closed up 3/4 cents and May corn was up 1 cent. March soybeans closed down 2 3/4 cents and May soybeans were down 2 cents. March KC wheat closed up 4 3/4 cents, March Chicago wheat was up 5 1/2 cents, March Minneapolis wheat was up 7 1/2 cents.Row crop futures again fell from their highest points early Thursday, with chart technicals influencing some selling amid a fundamental outlook for corn, soybeans, and wheat that continues to have plenty of bearish arguments to counter short-term bullish bursts. Outside markets on Thursday were again mostly supportive to ag futures, with a softer U.S. dollar for the sixth time in the past eight sessions. Meanwhile, crude oil and other energy markets were firm on heightened tensions between the U.S. and Iran.LIVESTOCK:Seeming to merely hold its breath waiting for some fed-cash cattle trade to develop, the live cattle contracts traded modestly lower, unwilling to advance any higher and pressure the market's resistance without first seeing what's going to develop fundamentally in the fed cash cattle market. A single bid is currently on the table in Nebraska at $232, but still no cattle have traded and asking prices aren't firmly established yet this week either. It's most likely that trade will be delayed until Friday.Boxed beef prices are lower: choice down $0.21 ($369.53) and select down $3.19 ($360.38) with a movement of 67 loads (44.55 loads of choice, 4.73 loads of select, 8.87 loads of trim and 8.70 loads of ground beef).The feeder cattle complex was a mixed bag in morning trade, as the nearby contracts were scaling higher while the market's deferred contracts were trailing slightly lower and ended the day like their live counterparts, modestly lower. The spot March feeder cattle contract is trading at the highest level it's been at since the market's sharp sell-off in late October.With the help of a strong export sales report this morning, the lean hog complex got back to trading higher following Wednesday's lower close. It is also helpful from a technical standpoint, the market is no longer up against resistance thresholds, and from a fundamental standpoint that morning pork cutout values were a tick higher as well.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/29141654/web-closing-markets.mp3">Click HERE for audio</a>

The Renewable Fuels Association applauded President Trump for strongly reaffirming his support for America’s ethanol industry. During a stop in Des Moines, Iowa, he called on Congress to send a bill approving year-round E15 to his desk “very quickly.” Trump said he would sign the bill into law without delay. RFA President and CEO Geoff Cooper said Trump understands the quickest and surest way to boost the farm economy is “to open a vast new market opportunity for grain-based ethanol.” 

The Iowa Corn Growers Association also applauded the president, saying they appreciate him for shining a light on E15. “He recognizes the weight this legislation holds to us as corn growers,” said ICGA President Steve Kuiper. “A recent study by Iowa Corn and the Iowa Renewable Fuels Association shared the positive effects year-round E15 would have on corn growers.” U.S. corn growers have pushed for year-round access for over ten years.

The Renewable Fuels Association applauded President Trump for strongly reaffirming his support for America’s ethanol industry. During a stop in Des Moines, Iowa, he called on Congress to send a bill approving year-round E15 to his desk “very quickly.” Trump said he would sign the bill into law without delay. RFA President and CEO Geoff Cooper said Trump understands the quickest and surest way to boost the farm economy is “to open a vast new market opportunity for grain-based ethanol.” The Iowa Corn Growers Association also applauded the president, saying they appreciate him for shining a light on E15. “He recognizes the weight this legislation holds to us as corn growers,” said ICGA President Steve Kuiper. “A recent study by Iowa Corn and the Iowa Renewable Fuels Association shared the positive effects year-round E15 would have on corn growers.” U.S. corn growers have pushed for year-round access for over ten years.-NAFB

Groups applaud President’s call for year-round E15

The Rural Mainstreet Index climbed above a growth-neutral score of 50.0 for January. That’s according to the latest monthly survey of bank CEO’s in rural areas of a ten-state region. The January index was at 52.0, its highest reading since July 2023, and up from December’s 50.1. “More than one in three bankers, or 34.7 percent, indicated that their local economy was currently in a recession,” said Dr. Ernie Goss of Creighton University. “Another 27 percent of them expect their local economy to experience recession conditions in the first half of 2026.” 

Regarding President Trump’s imposition of tariffs, almost 40 percent of the bankers support pulling back on tariffs. After rising above growth-neutral in December, the farm and ranchland index fell below the threshold in January with a reading of 46.0. The farm equipment sales index sank to a very weak 18.8, but was up from December’s even weaker 15.0. 

The Rural Mainstreet Index climbed above a growth-neutral score of 50.0 for January. That’s according to the latest monthly survey of bank CEO’s in rural areas of a ten-state region. The January index was at 52.0, its highest reading since July 2023, and up from December’s 50.1. “More than one in three bankers, or 34.7 percent, indicated that their local economy was currently in a recession,” said Dr. Ernie Goss of Creighton University. “Another 27 percent of them expect their local economy to experience recession conditions in the first half of 2026.” Regarding President Trump’s imposition of tariffs, almost 40 percent of the bankers support pulling back on tariffs. After rising above growth-neutral in December, the farm and ranchland index fell below the threshold in January with a reading of 46.0. The farm equipment sales index sank to a very weak 18.8, but was up from December’s even weaker 15.0. -NAFB

January Rural Mainstreet Index above growth neutral

March corn closed up 3 1/2 cents and May corn was up 3 1/4 cents. March soybeans closed up 7 3/4 cents and May soybeans were up 8 1/4 cents. March KC wheat closed up 9 1/2 cents, March Chicago wheat was up 12 3/4 cents, March Minneapolis wheat was up 2 1/4 cents.

Wheat futures again led the U.S. grain markets higher on Wednesday, putting in a double-digit move higher in Kansas City markets to the highest close in over two months. Corn and soybean futures were also higher, with corn futures catching an early burst of momentum following pro-E15 remarks by President Trump during his speech in Iowa on Tuesday, but eventually faded from daily highs amid a general lack of news to sustain prices. In outside markets, the U.S. dollar recovered after hitting four-year lows on Tuesday, but remains down sharply over the past week. Crude oil and other energy markets were firm as well and added a layer of support to ag markets at midweek.

The live cattle complex wasn't confident at the day's initial start, but the market had longer timeframe to trade, the complex grew stronger. The contracts pushed past the market's resistance and trending higher into the day's closing bell. It's somewhat questionable where traders were getting the additional support from this morning, as boxed beef prices were mixed and we've yet to see any trade in the fed cash cattle market. But maybe traders' confidence lies in the fact that they believe fed cash cattle prices will trade higher later this week and that Friday's Cattle Inventory report will be bullish. I hope all those claims come to fruit. At this point, no cash cattle trade has developed and both bids and asking prices remain elusive. Boxed beef prices are mixed: choice up $1.14 ($369.25) and select down $1.45 ($363.73) with a movement of 50 loads (31.60 loads of choice, 4.20 loads of select, 5.22 loads of trim and 8.48 loads of ground beef).

The feeder cattle complex was also trading higher into Wednesday's closing bell as the market finds it comforting to see the live cattle contracts trading in a positive manner. As long as the live cattle contracts maintain their upward momentum, it's likely that the feeder cattle contracts will as well.

The lean hog contracts were back to trading lower as the market seems to be facing some technical exhaustion after a significant rally over the last month. Thankfully, pork cutout values were still trading higher, so traders should find some support there, but for the meantime, the market's direction is lower.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/28143234/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 3 1/2 cents and May corn was up 3 1/4 cents. March soybeans closed up 7 3/4 cents and May soybeans were up 8 1/4 cents. March KC wheat closed up 9 1/2 cents, March Chicago wheat was up 12 3/4 cents, March Minneapolis wheat was up 2 1/4 cents.Wheat futures again led the U.S. grain markets higher on Wednesday, putting in a double-digit move higher in Kansas City markets to the highest close in over two months. Corn and soybean futures were also higher, with corn futures catching an early burst of momentum following pro-E15 remarks by President Trump during his speech in Iowa on Tuesday, but eventually faded from daily highs amid a general lack of news to sustain prices. In outside markets, the U.S. dollar recovered after hitting four-year lows on Tuesday, but remains down sharply over the past week. Crude oil and other energy markets were firm as well and added a layer of support to ag markets at midweek.LIVESTOCK:The live cattle complex wasn't confident at the day's initial start, but the market had longer timeframe to trade, the complex grew stronger. The contracts pushed past the market's resistance and trending higher into the day's closing bell. It's somewhat questionable where traders were getting the additional support from this morning, as boxed beef prices were mixed and we've yet to see any trade in the fed cash cattle market. But maybe traders' confidence lies in the fact that they believe fed cash cattle prices will trade higher later this week and that Friday's Cattle Inventory report will be bullish. I hope all those claims come to fruit. At this point, no cash cattle trade has developed and both bids and asking prices remain elusive. Boxed beef prices are mixed: choice up $1.14 ($369.25) and select down $1.45 ($363.73) with a movement of 50 loads (31.60 loads of choice, 4.20 loads of select, 5.22 loads of trim and 8.48 loads of ground beef).The feeder cattle complex was also trading higher into Wednesday's closing bell as the market finds it comforting to see the live cattle contracts trading in a positive manner. As long as the live cattle contracts maintain their upward momentum, it's likely that the feeder cattle contracts will as well.The lean hog contracts were back to trading lower as the market seems to be facing some technical exhaustion after a significant rally over the last month. Thankfully, pork cutout values were still trading higher, so traders should find some support there, but for the meantime, the market's direction is lower. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/28143234/web-closing-markets.mp3">Click HERE for audio</a>

Clean Fuels Alliance America sent a letter to President Donald Trump highlighting the biodiesel, renewable diesel, and sustainable aviation fuel industry’s contribution to U.S. energy security and rural prosperity. The President is embarking on visits across the country to highlight economic conditions. The letter emphasizes that the industry’s growth is at risk as farmers and fuel producers await regulatory rules, specifically the Renewable Fuel Standards for 2026 and 2027, and rules for the Section 45Z Clean Fuel Production Credit that were due under the prior administration.

“Our industry has made substantial investments to meet America’s demand for energy security and rural economic prosperity,” CFA wrote. “Our progress is threatened by delays in policy decisions that should have been made in the previous administration, and we’re hopeful you will quickly finalize these policies and secure your promise as the most pro-biofuel president in history.” 

Clean Fuels Alliance America sent a letter to President Donald Trump highlighting the biodiesel, renewable diesel, and sustainable aviation fuel industry’s contribution to U.S. energy security and rural prosperity. The President is embarking on visits across the country to highlight economic conditions. The letter emphasizes that the industry’s growth is at risk as farmers and fuel producers await regulatory rules, specifically the Renewable Fuel Standards for 2026 and 2027, and rules for the Section 45Z Clean Fuel Production Credit that were due under the prior administration.“Our industry has made substantial investments to meet America’s demand for energy security and rural economic prosperity,” CFA wrote. “Our progress is threatened by delays in policy decisions that should have been made in the previous administration, and we’re hopeful you will quickly finalize these policies and secure your promise as the most pro-biofuel president in history.” -NAFB

Clean Fuels Alliance wants 45Z rules finalized

Over 70 FFA student members serving as state officers in their respective states started the new year by exploring the history, culture, and agricultural practices of Spain through the National FFA’s International Leadership Seminar for State Officers. The Seminar is an annual program designed to develop awareness of global agriculture and enhance the cultural competency of student members. The traveling state officers help lead more than one million members in over 9,200 local FFA chapters in all 50 states, Puerto Rico, and the U.S. Virgin Islands. 

“During the trip, students had the opportunity to both demonstrate their knowledge and learn about diverse agriculture practices across the globe,” said Joe Martin, program specialist with the National FFA Organization. “These experiences overseas help state officers share the unique agriculture practices of Spain with members of their home state associations.” State officers on the trip came from Alaska, Delaware, Florida, Iowa, Missouri and multiple other states.  

Over 70 FFA student members serving as state officers in their respective states started the new year by exploring the history, culture, and agricultural practices of Spain through the National FFA’s International Leadership Seminar for State Officers. The Seminar is an annual program designed to develop awareness of global agriculture and enhance the cultural competency of student members. The traveling state officers help lead more than one million members in over 9,200 local FFA chapters in all 50 states, Puerto Rico, and the U.S. Virgin Islands. “During the trip, students had the opportunity to both demonstrate their knowledge and learn about diverse agriculture practices across the globe,” said Joe Martin, program specialist with the National FFA Organization. “These experiences overseas help state officers share the unique agriculture practices of Spain with members of their home state associations.” State officers on the trip came from Alaska, Delaware, Florida, Iowa, Missouri and multiple other states. -NAFB

FFA members travel to Spain for observation

March corn closed down 2 1/4 cents and May corn was down 2 cents. March soybeans closed down 6 cents and May soybeans were down 5 1/2 cents. March KC wheat closed down 11 cents, March Chicago wheat was down 7 cents, March Minneapolis wheat was down 5 1/4 cents.

Traders worked to remove weather related risk premium from U.S. wheat markets on Monday, with the severe cold event forecast to improve by midweek and decent snow cover across much of the U.S. leading to minimal crop damage thoughts for now. Meanwhile, corn and soybean markets also relaxed from firm closing prices on Friday, on a mix of negative influence from wheat as well as technical pressure. Outside markets were mixed with the story of the day being gold's record-breaking push over $5,000 per ounce for the first time ever on Monday. Investors continue to pour money into the commodity amid heightened geopolitical uncertainty, with markets now zeroing in on the possibility of another government shutdown with funding set to expire on Jan. 30.

Up until the last hour, the live cattle market was trading mostly mixed as traders seemed overwhelmed by the market's technical resistance. Lo and behold, as the noon hour neared, another gust of support seemed to overcome the live cattle complex. The market doesn't however seem confident in either direction as it's longing to see continued fundamental support to justify a higher trend. And it's not likely that enough support will develop until we see what happens in this week's fed cash cattle trade, which meant a teeter-totter like behavior today in the futures complex and the contracts finished softly lower. Still no trade has developed in the fed cash cattle complex and it's mostly likely that trade will be delayed until Thursday at the earliest and likely wait until Friday. It is assumed that prices will trend higher again this week as fed cash cattle supplies are tight, and packers can't afford to be short bought. Boxed beef prices are mixed: choice up $0.37 ($369.27) and select down $2.55 ($364.57) with a movement of 59 loads (42.36 loads of choice, 4.51 loads of select, zero loads of trim and 12.24 loads of ground beef).

The feeder cattle complex traded in the exact same manner as the live cattle complex is, as its market was taking more of a mixed approach into Tuesday's noon hour. More than anything, traders seem to want to keep the feeder cattle contracts aligned with the overall direction of the live cattle market. At the same time, traders know supplies are likely to remain thin in the near term and see that as a justification to keep the furthest deferred contracts trading higher, but the feeders likewise finished softly lower.

The lean hog complex traded fully higher into Tuesday's closing bell, although a couple of the nearby contacts are traded slightly lower for some of the session. More than anything, the market's uptick in consumer demand seems to be encouraging traders to continue to push the complex higher.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/27134519/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAIN:March corn closed down 2 1/4 cents and May corn was down 2 cents. March soybeans closed down 6 cents and May soybeans were down 5 1/2 cents. March KC wheat closed down 11 cents, March Chicago wheat was down 7 cents, March Minneapolis wheat was down 5 1/4 cents.Traders worked to remove weather related risk premium from U.S. wheat markets on Monday, with the severe cold event forecast to improve by midweek and decent snow cover across much of the U.S. leading to minimal crop damage thoughts for now. Meanwhile, corn and soybean markets also relaxed from firm closing prices on Friday, on a mix of negative influence from wheat as well as technical pressure. Outside markets were mixed with the story of the day being gold's record-breaking push over $5,000 per ounce for the first time ever on Monday. Investors continue to pour money into the commodity amid heightened geopolitical uncertainty, with markets now zeroing in on the possibility of another government shutdown with funding set to expire on Jan. 30.LIVESTOCK:Up until the last hour, the live cattle market was trading mostly mixed as traders seemed overwhelmed by the market's technical resistance. Lo and behold, as the noon hour neared, another gust of support seemed to overcome the live cattle complex. The market doesn't however seem confident in either direction as it's longing to see continued fundamental support to justify a higher trend. And it's not likely that enough support will develop until we see what happens in this week's fed cash cattle trade, which meant a teeter-totter like behavior today in the futures complex and the contracts finished softly lower. Still no trade has developed in the fed cash cattle complex and it's mostly likely that trade will be delayed until Thursday at the earliest and likely wait until Friday. It is assumed that prices will trend higher again this week as fed cash cattle supplies are tight, and packers can't afford to be short bought. Boxed beef prices are mixed: choice up $0.37 ($369.27) and select down $2.55 ($364.57) with a movement of 59 loads (42.36 loads of choice, 4.51 loads of select, zero loads of trim and 12.24 loads of ground beef).The feeder cattle complex traded in the exact same manner as the live cattle complex is, as its market was taking more of a mixed approach into Tuesday's noon hour. More than anything, traders seem to want to keep the feeder cattle contracts aligned with the overall direction of the live cattle market. At the same time, traders know supplies are likely to remain thin in the near term and see that as a justification to keep the furthest deferred contracts trading higher, but the feeders likewise finished softly lower.The lean hog complex traded fully higher into Tuesday's closing bell, although a couple of the nearby contacts are traded slightly lower for some of the session. More than anything, the market's uptick in consumer demand seems to be encouraging traders to continue to push the complex higher.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/27134519/web-closing-markets.mp3">Click HERE for audio</a>

Commodity market daily recap

House Ag Committee Ranking Member Angie Craig (MN) introduced the “Farm and Family Relief Act,” calling it a bill introduced to provide meaningful relief to family farmers. The bill would also help those getting crushed by inflation and higher costs caused by President Donald Trump’s tariffs and Republican cuts to the Supplemental Nutrition Assistance Program. 

“Family farmers have been hit hard by tariffs and lost market opportunities,” Craig said when introducing the bill this month. “The Farm and Family Relief Act helps get America back on track by supporting farmers, foresters, and families together and putting an end to the president’s ill-conceived tariffs.” A new report from Joint Economic Committee Democrats said President Trump’s inflation cost the average family $1,625 in the past year. Fruit and vegetable prices are up 5.3 percent, while hardworking Americans paid $310 more for groceries in 2025 than the year before. 

House Ag Committee Ranking Member Angie Craig (MN) introduced the “Farm and Family Relief Act,” calling it a bill introduced to provide meaningful relief to family farmers. The bill would also help those getting crushed by inflation and higher costs caused by President Donald Trump’s tariffs and Republican cuts to the Supplemental Nutrition Assistance Program. “Family farmers have been hit hard by tariffs and lost market opportunities,” Craig said when introducing the bill this month. “The Farm and Family Relief Act helps get America back on track by supporting farmers, foresters, and families together and putting an end to the president’s ill-conceived tariffs.” A new report from Joint Economic Committee Democrats said President Trump’s inflation cost the average family $1,625 in the past year. Fruit and vegetable prices are up 5.3 percent, while hardworking Americans paid $310 more for groceries in 2025 than the year before. -NAFB

House democrats introduce “Farm and Family Relief Act”

Deputy Agriculture Secretary Stephen Vaden said two companies have been working together to control the price of fertilizer in the U.S. by limiting supplies. Reports said Vaden’s collusion accusation against Mosaic and Nutrien could suggest the administration may take future steps to inject more competition into the markets, if it becomes necessary. During a webinar hosted by the National Agricultural Law Center, Vaden said, “This administration is going to do everything it can to ensure that farmers have the fertilizer they’ll need and at a price they can pay. We’re not going to permit these companies to do anything that might undermine that.” 

He also said Nutrien and Mosaic were responsible for over 90 percent of phosphate fertilizer and potash production in North America during 2024. Farm Action, an ag industry accountability group, said only seven companies control 70 percent of crop input sales, including Nutrien Ag Solutions, the retail business of Nutrien. 

Deputy Agriculture Secretary Stephen Vaden said two companies have been working together to control the price of fertilizer in the U.S. by limiting supplies. Reports said Vaden’s collusion accusation against Mosaic and Nutrien could suggest the administration may take future steps to inject more competition into the markets, if it becomes necessary. During a webinar hosted by the National Agricultural Law Center, Vaden said, “This administration is going to do everything it can to ensure that farmers have the fertilizer they’ll need and at a price they can pay. We’re not going to permit these companies to do anything that might undermine that.” He also said Nutrien and Mosaic were responsible for over 90 percent of phosphate fertilizer and potash production in North America during 2024. Farm Action, an ag industry accountability group, said only seven companies control 70 percent of crop input sales, including Nutrien Ag Solutions, the retail business of Nutrien. -NAFB

Vaden accuses companies of fertilizer collusion

March corn closed down 2 1/4 cents and May corn was down 2 cents. March soybeans closed down 6 cents and May soybeans were down 5 1/2 cents. March KC wheat closed down 11 cents, March Chicago wheat was down 7 cents, March Minneapolis wheat was down 5 1/4 cents.

Last Friday was a whirlwind of developing factors for the live cattle market to note and keep track of, between the fed cash cattle that finally developed, and the monthly Cattle on Feed report that was released. Thankfully, the neutral to slightly bearish tone of the Cattle on Feed report was quickly overlooked by the strong developments in the fed cash cattle market, as traders elected to again push the live cattle contracts higher today. What will remain an obstacle for the market to manage this week is the technical resistance that's formed in the live cattle complex. There's an argument to be made that the market could potentially break through that barrier if fed cash cattle prices are higher again this week, but that's taking a fairly bullish look at the marketplace. Even if prices do trade higher again this week, there's a strong likelihood that traders won't want to challenge that threshold, especially considering that later this week, the highly anticipated Cattle Inventory report is set to be released. New showlists appear to be mixed, higher in Texas, but lower in Kansas, and Nebraska/Colorado.

Boxed beef prices are higher: choice up $0.33 ($369.25) and select up $3.58 ($365.97) with a movement of 50 loads (32.53 loads of choice, 3.84 loads of select, 4.95 loads of trim and 8.53 loads of ground beef).

The feeder cattle contracts were also trading higher as the market finds power and momentum in the fact that fed cash cattle prices continue to scale higher. So long as the live cattle contracts continue to trade higher, the feeder cattle complex will also likely do the same.

And last but not least, the lean hog contracts were also enjoying a mild rally into midday Monday. The market has seen steady support from consumers, which has helped encourage the contracts to continue to trade higher, although the market is continuing to drive to new contract highs when it does so.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/26140354/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 2 1/4 cents and May corn was down 2 cents. March soybeans closed down 6 cents and May soybeans were down 5 1/2 cents. March KC wheat closed down 11 cents, March Chicago wheat was down 7 cents, March Minneapolis wheat was down 5 1/4 cents.Traders worked to remove weather related risk premium from U.S. wheat markets on Monday, with the severe cold event forecast to improve by midweek and decent snow cover across much of the U.S. leading to minimal crop damage thoughts for now. Meanwhile, corn and soybean markets also relaxed from firm closing prices on Friday, on a mix of negative influence from wheat as well as technical pressure. Outside markets were mixed with the story of the day being gold's record-breaking push over $5,000 per ounce for the first time ever on Monday. Investors continue to pour money into the commodity amid heightened geopolitical uncertainty, with markets now zeroing in on the possibility of another government shutdown with funding set to expire on Jan. 30.LIVESTOCK:Last Friday was a whirlwind of developing factors for the live cattle market to note and keep track of, between the fed cash cattle that finally developed, and the monthly Cattle on Feed report that was released. Thankfully, the neutral to slightly bearish tone of the Cattle on Feed report was quickly overlooked by the strong developments in the fed cash cattle market, as traders elected to again push the live cattle contracts higher today. What will remain an obstacle for the market to manage this week is the technical resistance that's formed in the live cattle complex. There's an argument to be made that the market could potentially break through that barrier if fed cash cattle prices are higher again this week, but that's taking a fairly bullish look at the marketplace. Even if prices do trade higher again this week, there's a strong likelihood that traders won't want to challenge that threshold, especially considering that later this week, the highly anticipated Cattle Inventory report is set to be released. New showlists appear to be mixed, higher in Texas, but lower in Kansas, and Nebraska/Colorado.Boxed beef prices are higher: choice up $0.33 ($369.25) and select up $3.58 ($365.97) with a movement of 50 loads (32.53 loads of choice, 3.84 loads of select, 4.95 loads of trim and 8.53 loads of ground beef).The feeder cattle contracts were also trading higher as the market finds power and momentum in the fact that fed cash cattle prices continue to scale higher. So long as the live cattle contracts continue to trade higher, the feeder cattle complex will also likely do the same.And last but not least, the lean hog contracts were also enjoying a mild rally into midday Monday. The market has seen steady support from consumers, which has helped encourage the contracts to continue to trade higher, although the market is continuing to drive to new contract highs when it does so.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/26140354/web-closing-markets.mp3">Click HERE for audio</a>

Growth Energy, the nation’s largest biofuel trade association, was very unhappy after it was announced that a legislative fix for year-round E15 was dropped from the January government funding bill. It was further incensed that Congress would instead form a “rural energy council” to formulate another compromise bill with petroleum interests, and with expectations for a vote in February. “What an incredible travesty as Congress picked refiners over American farmers and drivers today,” said Growth Energy CEO Emily Skor. 

“E15 delivers cost savings for consumers and generates long-term demand for American agriculture, facts that have been well-known for over a decade.” She also said the debate involves the simple act of allowing consumers the choice to buy a better value fuel year-round. This failure will lead to farmers missing out on a critical market during the worst farm crisis in four decades. “It’s imperative we get this over the finish line in an expedited manner,” Skor added.

Growth Energy, the nation’s largest biofuel trade association, was very unhappy after it was announced that a legislative fix for year-round E15 was dropped from the January government funding bill. It was further incensed that Congress would instead form a “rural energy council” to formulate another compromise bill with petroleum interests, and with expectations for a vote in February. “What an incredible travesty as Congress picked refiners over American farmers and drivers today,” said Growth Energy CEO Emily Skor. “E15 delivers cost savings for consumers and generates long-term demand for American agriculture, facts that have been well-known for over a decade.” She also said the debate involves the simple act of allowing consumers the choice to buy a better value fuel year-round. This failure will lead to farmers missing out on a critical market during the worst farm crisis in four decades. “It’s imperative we get this over the finish line in an expedited manner,” Skor added.-NAFB

Rural Energy Council is a “disgrace”

The Agriculture Council of America is proud to announce the celebration of National Ag Day on March 24, 2026. The annual event recognizes and celebrates the abundance provided by agriculture, acknowledging the essential role it plays in our daily lives. This year’s theme is “Agriculture: Together we grow: Celebrating 250 Years of Progress in Agriculture.” 

This year’s theme emphasizes the collaborative efforts of farmers, ranchers, and all stakeholders in the agricultural sector who work tirelessly to provide safe, abundant, and affordable products, and also recognizes 250 years of progress. A series of events is scheduled in Washington, D.C., and virtually, to mark the day, including an Ag Day Virtual Event. At 9:00 am, a livestream of events from the USDA will also be available. Ag Day at the USDA will run from 8:30 am to Noon at the USDA’s Whitten Patio, where attendees will hear from multiple speakers. 

The Agriculture Council of America is proud to announce the celebration of National Ag Day on March 24, 2026. The annual event recognizes and celebrates the abundance provided by agriculture, acknowledging the essential role it plays in our daily lives. This year’s theme is “Agriculture: Together we grow: Celebrating 250 Years of Progress in Agriculture.” This year’s theme emphasizes the collaborative efforts of farmers, ranchers, and all stakeholders in the agricultural sector who work tirelessly to provide safe, abundant, and affordable products, and also recognizes 250 years of progress. A series of events is scheduled in Washington, D.C., and virtually, to mark the day, including an Ag Day Virtual Event. At 9:00 am, a livestream of events from the USDA will also be available. Ag Day at the USDA will run from 8:30 am to Noon at the USDA’s Whitten Patio, where attendees will hear from multiple speakers. -NAFB

National Ag Day activities announced

March corn closed up 6 1/2 cents and May corn was up 5 3/4 cents. March soybeans closed up 3 3/4 cents and May soybeans were up 3 1/4 cents. March KC wheat closed up 15 cents, March Chicago wheat was up 14 cents, March MIAX Minneapolis wheat was up 1 1/4 cents.

Friday was a generally positive close to a generally positive week for row-crop futures. Corn futures showed bullish life and vastly improved the technical situation for the March contract, thanks largely to a multi-year high for corn sold in the export market during the week ended Jan. 15. Meanwhile, wheat futures posted a double-digit gain on increased weather premium ahead of this weekend's winter storm, with the March KC contract posting its highest close since mid-November. Finally, soybeans also were positive on strong export sales as well but also on continued spillover strength from the soybean oil market.&nbsp;

The live cattle complex was trading sharply higher into midday Friday as traders have grown more confident, and some light cash cattle trade has developed. The feeder cattle complex also traded slightly higher, but its gusto this morning hasn't been as aggressive or notable as the live cattle market's, which could potentially be because demand in the countryside has been slightly off. &nbsp;The lean hog complex was trading mixed and ended in the red as the nearby contracts were trading a bit lower while the deferred months continue to scale higher.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/26205559/30001.mp3">Click HERE for Audio</a>

Grains:March corn closed up 6 1/2 cents and May corn was up 5 3/4 cents. March soybeans closed up 3 3/4 cents and May soybeans were up 3 1/4 cents. March KC wheat closed up 15 cents, March Chicago wheat was up 14 cents, March MIAX Minneapolis wheat was up 1 1/4 cents.Friday was a generally positive close to a generally positive week for row-crop futures. Corn futures showed bullish life and vastly improved the technical situation for the March contract, thanks largely to a multi-year high for corn sold in the export market during the week ended Jan. 15. Meanwhile, wheat futures posted a double-digit gain on increased weather premium ahead of this weekend's winter storm, with the March KC contract posting its highest close since mid-November. Finally, soybeans also were positive on strong export sales as well but also on continued spillover strength from the soybean oil market.&nbsp;Livestock:The live cattle complex was trading sharply higher into midday Friday as traders have grown more confident, and some light cash cattle trade has developed. The feeder cattle complex also traded slightly higher, but its gusto this morning hasn't been as aggressive or notable as the live cattle market's, which could potentially be because demand in the countryside has been slightly off. &nbsp;The lean hog complex was trading mixed and ended in the red as the nearby contracts were trading a bit lower while the deferred months continue to scale higher. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/26205559/30001.mp3">Click HERE for Audio</a>

Mike Klimesh (KLY-mesh), the Majority Leader of the Iowa Senate, introduced Senate File 2067, which drew applause from the Iowa Corn Growers Association. The bill proposes widening the corridor to find new paths for the carbon capture and sequestration pipeline, relying on eminent domain only after all reasonable alternatives have been exhausted. 

The Iowa Corn Growers Association applauded the bill for its increased flexibility as Iowa fights to pursue low-carbon ethanol markets. “Iowa’s corn farmers are continuing to see corn prices dropping and input costs rising,” said Iowa Corn Growers President Steve Kuiper (KY-per). “Without access to low-carbon fuels through the carbon pipeline, farmers will lose the ability to participate in new markets, like sustainable aviation fuel or marine fuel, and be forced to watch other states like Nebraska adopt CCS technology.” He also said this bill is a big step in the right direction.

Mike Klimesh (KLY-mesh), the Majority Leader of the Iowa Senate, introduced Senate File 2067, which drew applause from the Iowa Corn Growers Association. The bill proposes widening the corridor to find new paths for the carbon capture and sequestration pipeline, relying on eminent domain only after all reasonable alternatives have been exhausted. The Iowa Corn Growers Association applauded the bill for its increased flexibility as Iowa fights to pursue low-carbon ethanol markets. “Iowa’s corn farmers are continuing to see corn prices dropping and input costs rising,” said Iowa Corn Growers President Steve Kuiper (KY-per). “Without access to low-carbon fuels through the carbon pipeline, farmers will lose the ability to participate in new markets, like sustainable aviation fuel or marine fuel, and be forced to watch other states like Nebraska adopt CCS technology.” He also said this bill is a big step in the right direction.-NAFB

Iowa Corn Growers Applaud Carbon Capture Legislation

Ag Secretary Brooke Rollins announced the launch of the New World Screwworm Grand Challenge. This funding opportunity marks a pivotal step in USDA’s comprehensive strategy to combat NWS and prevent its northward spread. As part of the Grand Challenge, USDA’s Animal and Plant Health Inspection Service will make up to $100 million available to support innovative projects that enhance NWS sterile fly production, strengthen response strategies, and safeguard U.S. agriculture, animal health, and trade. 

APHIS invites proposals that support objectives that develop novel NWS traps and lures, develop and increase understanding of NWS therapeutics and treatments for animals, and develop other tools to bolster preparedness or response to NWS. Eligible applicants are invited to submit proposals that align with and support these priorities by the deadline on February 23, 2026. The notice of the opportunity is available on the&nbsp;<a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Flinks-1.govdelivery.com%2FCL0%2Fhttps%3A%252F%252Fwww.aphis.usda.gov%252Ffunding%252Fnew-world-screwworm-grand-challenge-funding-opportunity%253Futm_medium%3Demail%2526utm_source%3Dgovdelivery%2F1%2F0100019be25ebeaa-043d345c-11e9-4451-9e9d-85bb2d63ca1c-000000%2FQHBSb3VXzgsSRZXw7Cc1CeSm97hiapRKakLM97Ybpfg%3D441&amp;data=05%7C02%7Cchad%40nafb.com%7C42a960e137e347b699e308de59308d3c%7C0a0f31dbe88545c9b3cd38cd460b6e25%7C1%7C0%7C639046262256453020%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=yKgs2rfEQHib%2FXZOkl3bUE3wmMxrQbmWxHTkduzCkbg%3D&amp;reserved=0">NWS Grand Challenge</a>&nbsp;webpage.

Ag Secretary Brooke Rollins announced the launch of the New World Screwworm Grand Challenge. This funding opportunity marks a pivotal step in USDA’s comprehensive strategy to combat NWS and prevent its northward spread. As part of the Grand Challenge, USDA’s Animal and Plant Health Inspection Service will make up to $100 million available to support innovative projects that enhance NWS sterile fly production, strengthen response strategies, and safeguard U.S. agriculture, animal health, and trade. APHIS invites proposals that support objectives that develop novel NWS traps and lures, develop and increase understanding of NWS therapeutics and treatments for animals, and develop other tools to bolster preparedness or response to NWS. Eligible applicants are invited to submit proposals that align with and support these priorities by the deadline on February 23, 2026. The notice of the opportunity is available on the&nbsp;<a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Flinks-1.govdelivery.com%2FCL0%2Fhttps%3A%252F%252Fwww.aphis.usda.gov%252Ffunding%252Fnew-world-screwworm-grand-challenge-funding-opportunity%253Futm_medium%3Demail%2526utm_source%3Dgovdelivery%2F1%2F0100019be25ebeaa-043d345c-11e9-4451-9e9d-85bb2d63ca1c-000000%2FQHBSb3VXzgsSRZXw7Cc1CeSm97hiapRKakLM97Ybpfg%3D441&amp;data=05%7C02%7Cchad%40nafb.com%7C42a960e137e347b699e308de59308d3c%7C0a0f31dbe88545c9b3cd38cd460b6e25%7C1%7C0%7C639046262256453020%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=yKgs2rfEQHib%2FXZOkl3bUE3wmMxrQbmWxHTkduzCkbg%3D&amp;reserved=0">NWS Grand Challenge</a>&nbsp;webpage.-NAFB

USDA Announces New World Screwworm Grand Challenge

After weeks of negotiations, it appears that the House funding bill expected to advance today will exclude language that would have allowed nationwide, year-round access to E15. In place of the year-round E15 provision, Congress appears poised to create a new “Rural Domestic Energy Council” that would develop potential legislative proposals on E15 and other renewable fuels issues that could be considered for future adoption. 

“We are extremely disappointed that Congress appears to have again failed in adopting a simple technical fix that would have made lower-cost American-made E15 available to consumers nationwide all year long,” said Geoff Cooper, president and CEO of the Renewable Fuels Association. “Allowing year-round E15 would have provided a lifeline to farmers who are facing the worst economic crisis in almost 50 years, while also helping American families struggling with higher energy bills.” He also pointed out that there was already a compromise deal broadly supported by ethanol and oil refiners in place.

After weeks of negotiations, it appears that the House funding bill expected to advance today will exclude language that would have allowed nationwide, year-round access to E15. In place of the year-round E15 provision, Congress appears poised to create a new “Rural Domestic Energy Council” that would develop potential legislative proposals on E15 and other renewable fuels issues that could be considered for future adoption. “We are extremely disappointed that Congress appears to have again failed in adopting a simple technical fix that would have made lower-cost American-made E15 available to consumers nationwide all year long,” said Geoff Cooper, president and CEO of the Renewable Fuels Association. “Allowing year-round E15 would have provided a lifeline to farmers who are facing the worst economic crisis in almost 50 years, while also helping American families struggling with higher energy bills.” He also pointed out that there was already a compromise deal broadly supported by ethanol and oil refiners in place.- NAFB

No Year-Round E15 in Congressional Spending Bill

March corn closed up 2 1/4 cents and May corn was up 2 1/2 cents. March soybeans closed down 1/2 cent and May soybeans were up 1 1/4 cents. March KC wheat closed up 6 cents, March Chicago wheat was up 7 3/4 cents, March Minneapolis wheat was up 10 cents.

Thursday was another quiet session across U.S. crop markets with oilseeds relaxing following a midweek surge on Wednesday, likely the result of hitting some technical resistance points on respective charts. Wheat futures recovered from a sluggish start to the week with Kansas City futures again challenging upside resistance ahead of a weekend of severe winter weather across the United States. Outside markets saw equities complete a two-day recovery of Tuesday's tariff-induced selloff, a common theme through the past year as such value breaks have been viewed as buying opportunities. Natural gas continues to be the most compelling outside market, going from three-month price lows to three-year highs in the course of three trading days, although profit-taking has since taken the top end out of the rally on Thursday. Crude oil and diesel prices moved lower on Thursday, influencing a softer soybean oil market as well.

With still no lofty developments yet in this week's fed cash cattle market, the live cattle contracts were trading on both sides of unchanged throughout the session on Thursday. It's also not been helpful that midday boxed beef prices were lower, which is a seasonal trend for this time, but either way, it doesn't "feel" good to a market that's looking for increased fundamental support. Asking prices are noted in the North at $370 but are still not established in the South. Trade could likely be delayed until after Friday's Cattle on Feed report. Boxed beef prices are lower: choice down $0.22 ($365.89) and select down $2.41 ($360.04) with a movement of 56 loads (36.72 loads of choice, 5.00 loads of select, zero loads of trim and 14.19 loads of ground beef).

The feeder cattle complex continued to trade mixed and in a sideways fashion headed into the closing bell, and the market is again following in the wake of the live cattle complex. The market will likely maintain a sideways chop until Friday's Cattle on Feed report is released.

The lean hog complex got back to trading softly higher as traders are seeing continued support in pork demand and are willing to scale the contracts higher even though the market is already trading at new contract highs in the spot April contract. The cash market is trading in a thin manner again today, but packers did buy over 2,000 head in Wednesday's market, which is a "big" movement compared to recent days.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/22141730/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 2 1/4 cents and May corn was up 2 1/2 cents. March soybeans closed down 1/2 cent and May soybeans were up 1 1/4 cents. March KC wheat closed up 6 cents, March Chicago wheat was up 7 3/4 cents, March Minneapolis wheat was up 10 cents.Thursday was another quiet session across U.S. crop markets with oilseeds relaxing following a midweek surge on Wednesday, likely the result of hitting some technical resistance points on respective charts. Wheat futures recovered from a sluggish start to the week with Kansas City futures again challenging upside resistance ahead of a weekend of severe winter weather across the United States. Outside markets saw equities complete a two-day recovery of Tuesday's tariff-induced selloff, a common theme through the past year as such value breaks have been viewed as buying opportunities. Natural gas continues to be the most compelling outside market, going from three-month price lows to three-year highs in the course of three trading days, although profit-taking has since taken the top end out of the rally on Thursday. Crude oil and diesel prices moved lower on Thursday, influencing a softer soybean oil market as well.LIVESTOCK:With still no lofty developments yet in this week's fed cash cattle market, the live cattle contracts were trading on both sides of unchanged throughout the session on Thursday. It's also not been helpful that midday boxed beef prices were lower, which is a seasonal trend for this time, but either way, it doesn't "feel" good to a market that's looking for increased fundamental support. Asking prices are noted in the North at $370 but are still not established in the South. Trade could likely be delayed until after Friday's Cattle on Feed report. Boxed beef prices are lower: choice down $0.22 ($365.89) and select down $2.41 ($360.04) with a movement of 56 loads (36.72 loads of choice, 5.00 loads of select, zero loads of trim and 14.19 loads of ground beef).The feeder cattle complex continued to trade mixed and in a sideways fashion headed into the closing bell, and the market is again following in the wake of the live cattle complex. The market will likely maintain a sideways chop until Friday's Cattle on Feed report is released.The lean hog complex got back to trading softly higher as traders are seeing continued support in pork demand and are willing to scale the contracts higher even though the market is already trading at new contract highs in the spot April contract. The cash market is trading in a thin manner again today, but packers did buy over 2,000 head in Wednesday's market, which is a "big" movement compared to recent days.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/22141730/web-closing-markets.mp3">Click HERE for audio</a>

The 37th annual Midland Empire Farm, Home, and Rural Lifestyle Show is returning to Civic Arena in St. Joseph this weekend.

Event director, Cindi Cornelius says the event is family friendly with something for everyone. "We love having the kids show up. We have a kid's petting zoo and a kid's activity area upstairs as well, along with a lot of shopping vendors."

With nearly 100 vendors expected to participate at the farm show, Cornelius says she's excited to utilize the space at Civic Arena since the renovations. "We've struggled since Covid but we're back to using both levels this year. The restrooms have been expanded up and down, and the facility looks fantastic, so we're excited."

Cornelius says more food options have been added this year, some of which include Texas Roadhouse, The Enchilada Lady, and The Quilted Cookie. "We'll also have kettle corn, canned pickles, quail eggs, jams, jellies, breads, and brownies, so something for everyone. There will definitely be plenty of food for folks to purchase."

Attendees can also register to win a $250 DeWalt gift card from Family Center Farm and Home, with one winner each day.

Saturday only will feature a free MO Child Identification program.

The farm show takes place Jan. 23 and 24. Hours on Friday are 10:00 a.m.&nbsp; - 8:00 p.m. and Saturday from 9:00 a.m. - 4:00 p.m. Admission is free.

<figure>
 <img src="https://media.eaglewebservices.com/public/2024/3/1710257124627.jpeg" alt="Civic Arena" />
 <figcaption>Civic Arena</figcaption>
 </figure>(By RYAN SKAITH)The 37th annual Midland Empire Farm, Home, and Rural Lifestyle Show is returning to Civic Arena in St. Joseph this weekend.Event director, Cindi Cornelius says the event is family friendly with something for everyone. "We love having the kids show up. We have a kid's petting zoo and a kid's activity area upstairs as well, along with a lot of shopping vendors."With nearly 100 vendors expected to participate at the farm show, Cornelius says she's excited to utilize the space at Civic Arena since the renovations. "We've struggled since Covid but we're back to using both levels this year. The restrooms have been expanded up and down, and the facility looks fantastic, so we're excited."Cornelius says more food options have been added this year, some of which include Texas Roadhouse, The Enchilada Lady, and The Quilted Cookie. "We'll also have kettle corn, canned pickles, quail eggs, jams, jellies, breads, and brownies, so something for everyone. There will definitely be plenty of food for folks to purchase."Attendees can also register to win a $250 DeWalt gift card from Family Center Farm and Home, with one winner each day.Saturday only will feature a free MO Child Identification program.The farm show takes place Jan. 23 and 24. Hours on Friday are 10:00 a.m.&nbsp; - 8:00 p.m. and Saturday from 9:00 a.m. - 4:00 p.m. Admission is free.

37th annual Midland Empire Farm Show in St. Joseph this weekend

Iowa’s corn and ethanol industry faces continued decline without immediate approval of nationwide, year-round sales of E15 gasoline and access to ultra-low carbon fuel markets, according to a new study released by Iowa Corn and the Iowa Renewable Fuels Association. The study comes as farmers confront a corn carryout exceeding 2 billion bushels and rising input costs for fertilizer, seed and machinery. It estimates corn prices at $1.52 per bushel, a level that could force some producers to downsize or leave farming without expanded demand. 

Iowa remains the nation’s top corn producer and a leading ethanol state, with yields rising about 15% faster than the U.S. average, the study said. However, new markets are critical to sustaining growth. Iowa Corn Growers Association President Mark Mueller said passage of year-round E15 would help stabilize demand but is not enough long term. He said access to ultra-low carbon ethanol markets, including sustainable aviation and marine fuels, depends on investments such as carbon capture and sequestration pipelines. “Without new corn demand, Iowa could face a 1980s-style farm crisis,” Mueller said.

Iowa’s corn and ethanol industry faces continued decline without immediate approval of nationwide, year-round sales of E15 gasoline and access to ultra-low carbon fuel markets, according to a new study released by Iowa Corn and the Iowa Renewable Fuels Association. The study comes as farmers confront a corn carryout exceeding 2 billion bushels and rising input costs for fertilizer, seed and machinery. It estimates corn prices at $1.52 per bushel, a level that could force some producers to downsize or leave farming without expanded demand. Iowa remains the nation’s top corn producer and a leading ethanol state, with yields rising about 15% faster than the U.S. average, the study said. However, new markets are critical to sustaining growth. Iowa Corn Growers Association President Mark Mueller said passage of year-round E15 would help stabilize demand but is not enough long term. He said access to ultra-low carbon ethanol markets, including sustainable aviation and marine fuels, depends on investments such as carbon capture and sequestration pipelines. “Without new corn demand, Iowa could face a 1980s-style farm crisis,” Mueller said.-NAFB

Analysis shows need for E15 for Iowa’s corn and ethanol industry

Last week, producers and staff from the American Sheep Industry Association met with USDA Undersecretary for Farm Production and Conservation Richard Fordyce.

They advocated for the inclusion of wool under the Farmer Bridge Assistance program. Eleven of the $12 billion set aside in the program will go to traditional row crop commodities, and the remaining $1 billion is set aside in reserves for uncovered commodities like specialty crops and sugar, but will exclude livestock and meat products. During the meeting, ASI provided testimony, and the discussion helped USDA better understand the market disruption and high harvesting costs facing the U.S. wool industry with the persistently low prices sheep producers have experienced since 2019.

USDA indicated that wool will be considered within the competitive reserve for uncovered commodities, but no decisions have been made at this time. Fordyce did say that additional information can be expected in the coming weeks.

Last week, producers and staff from the American Sheep Industry Association met with USDA Undersecretary for Farm Production and Conservation Richard Fordyce.They advocated for the inclusion of wool under the Farmer Bridge Assistance program. Eleven of the $12 billion set aside in the program will go to traditional row crop commodities, and the remaining $1 billion is set aside in reserves for uncovered commodities like specialty crops and sugar, but will exclude livestock and meat products. During the meeting, ASI provided testimony, and the discussion helped USDA better understand the market disruption and high harvesting costs facing the U.S. wool industry with the persistently low prices sheep producers have experienced since 2019.USDA indicated that wool will be considered within the competitive reserve for uncovered commodities, but no decisions have been made at this time. Fordyce did say that additional information can be expected in the coming weeks.- NAFB

Sheep Officials Meet with USDA on Assistance

The Democratic Party is previewing this year’s mid-term elections by highlighting the continued importance of food aid, affordability, the job market, and the health of local economies. 

A report from Politico said that over 22 million households will lose SNAP benefits under the One Big Beautiful Bill Act. “On the one-year anniversary of Donald Trump taking office for his second term, families everywhere have been devastated by Trump’s tariffs and the Big Ugly Bill,” said DNC spokesman Abhi Rahman. “Trump has sacrificed families who need critical food assistance to put dinner on the table to line the pockets of his billionaire backers.” 

Research compiled by the Democratic National Committee said the states projected to have the most families losing SNAP benefits include California, New York, and Florida. The report warned of spillover damage to farmers and grocers, such as reduced food purchases and a reduction in local employment.

The Democratic Party is previewing this year’s mid-term elections by highlighting the continued importance of food aid, affordability, the job market, and the health of local economies. A report from Politico said that over 22 million households will lose SNAP benefits under the One Big Beautiful Bill Act. “On the one-year anniversary of Donald Trump taking office for his second term, families everywhere have been devastated by Trump’s tariffs and the Big Ugly Bill,” said DNC spokesman Abhi Rahman. “Trump has sacrificed families who need critical food assistance to put dinner on the table to line the pockets of his billionaire backers.” Research compiled by the Democratic National Committee said the states projected to have the most families losing SNAP benefits include California, New York, and Florida. The report warned of spillover damage to farmers and grocers, such as reduced food purchases and a reduction in local employment.- NAFB

SNAP to be a Huge Issue in the Midterm Elections

China has purchased about 12 million metric tons of soybeans. Three traders told Reuters that the total meets a U.S.-stated pledge to purchase that amount by the end of February. 

“The 12-million-ton target was met last week after bulk purchases by state buyer Sinograin and state trader COFCO, which were the only buyers of U.S. soybeans,” Reuters reported. “Private crushers continued to favor cheaper supplies from Brazil and Argentina.” Bloomberg agrees that the current total reflects continued bookings by state-owned firms in recent weeks. The USDA’s export data, which lags behind real-time totals, put China’s total purchases at just over eight million tons as of January 8. 

Hitting the 12-million-ton target will likely boost trader and exporter confidence that China could also meet the broader goal outlined by the White House of buying at least 25 million tons of U.S. soybeans through 2028.

China has purchased about 12 million metric tons of soybeans. Three traders told Reuters that the total meets a U.S.-stated pledge to purchase that amount by the end of February. “The 12-million-ton target was met last week after bulk purchases by state buyer Sinograin and state trader COFCO, which were the only buyers of U.S. soybeans,” Reuters reported. “Private crushers continued to favor cheaper supplies from Brazil and Argentina.” Bloomberg agrees that the current total reflects continued bookings by state-owned firms in recent weeks. The USDA’s export data, which lags behind real-time totals, put China’s total purchases at just over eight million tons as of January 8. Hitting the 12-million-ton target will likely boost trader and exporter confidence that China could also meet the broader goal outlined by the White House of buying at least 25 million tons of U.S. soybeans through 2028.- NAFB