USDA’s Chief Economist Seth Meyer will join the University of Missouri on January 1, 2026, to lead the internationally recognized Food and Agricultural Policy Research Institute. Pat Westhoff, who’s held the position since 2011, is retiring on March 1, 2026. Meyer has held various roles with USDA’s Office of the Chief Economist and FAPRI over the years, including as the assistant director of FAPRI, before rejoining USDA in 2021 to serve as the chief economist. 

“This is a great opportunity to continue to provide solid agricultural policy development in support of the agricultural sector, cooperate with other faculty members, and return home to Missouri,” Meyer said. “I look forward to the opportunity to do more in-depth analysis and research.” The Institute provides objective analysis of agricultural markets and policies for audiences like Congress, USDA commodity groups, and international governments. Meyer received a PhD in Ag Economics from the University of Missouri.

USDA’s Chief Economist Seth Meyer will join the University of Missouri on January 1, 2026, to lead the internationally recognized Food and Agricultural Policy Research Institute. Pat Westhoff, who’s held the position since 2011, is retiring on March 1, 2026. Meyer has held various roles with USDA’s Office of the Chief Economist and FAPRI over the years, including as the assistant director of FAPRI, before rejoining USDA in 2021 to serve as the chief economist. “This is a great opportunity to continue to provide solid agricultural policy development in support of the agricultural sector, cooperate with other faculty members, and return home to Missouri,” Meyer said. “I look forward to the opportunity to do more in-depth analysis and research.” The Institute provides objective analysis of agricultural markets and policies for audiences like Congress, USDA commodity groups, and international governments. Meyer received a PhD in Ag Economics from the University of Missouri.-NAFB

Myer to Lead FAPRI at the University of Missouri

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. 

The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.-NAFB

More Bird Flu Ahead of the Holiday Season

More than 270 leaders from across the dairy value chain gathered on November 18 for the 2025 Dairy Sustainability Alliance Fall Meeting and sent a clear message: progress happens faster when the community moves forward together. The opening session highlighted the 2023-2024&nbsp;<a href="https://www.usdairy.com/research-resources/2023-2024-us-dairy-sustainability-report">U.S. Dairy Sustainability Report</a>, which tracks industry-wide performance across three priority areas: Advance Well-Being, Regenerate the Environment, and Care for our Animals and Communities. It includes the industry’s first five-year update toward its 2050 Environmental Stewardship Goals, providing a clear view of how the industry is turning commitments into measurable impact.

“This report reinforces the credibility of dairy’s sustainability leadership,” said Lori Captain, group executive vice president of sustainability strategy, science, and industry relations at Dairy Management, Inc. “It brings forward the science, transparency, and results that matter to our customers, and it reflects the steady progress happening every day on farms and across the value chain.”&nbsp;

More than 270 leaders from across the dairy value chain gathered on November 18 for the 2025 Dairy Sustainability Alliance Fall Meeting and sent a clear message: progress happens faster when the community moves forward together. The opening session highlighted the 2023-2024&nbsp;<a href="https://www.usdairy.com/research-resources/2023-2024-us-dairy-sustainability-report">U.S. Dairy Sustainability Report</a>, which tracks industry-wide performance across three priority areas: Advance Well-Being, Regenerate the Environment, and Care for our Animals and Communities. It includes the industry’s first five-year update toward its 2050 Environmental Stewardship Goals, providing a clear view of how the industry is turning commitments into measurable impact. “This report reinforces the credibility of dairy’s sustainability leadership,” said Lori Captain, group executive vice president of sustainability strategy, science, and industry relations at Dairy Management, Inc. “It brings forward the science, transparency, and results that matter to our customers, and it reflects the steady progress happening every day on farms and across the value chain.”&nbsp;-NAFB

Dairy Industry Leaders Share Progress and Priorities

Corn futures were higher Friday. Soybean futures were also higher; wheat futures were mixed at best on the session. The U.S. stock market was firmer, with the S&amp;P higher. The U.S. Dollar Index was slightly lower. The interest rate products were flat. Energy trade was firmer with crude oil and natural gas both trading higher. Precious metals were firmer with gold up 37.00.

The live cattle complex was still sporting a fruitful rally into Friday's close, as traders seem to be again believing in the market's bullish long-term fundamentals despite plenty of volatility over the last month. There was some light cash cattle trade reported in the South at $220, which is roughly $5.00 higher than the business that developed earlier in the week, but still $2.00 to $4.00 lower than last week's weighted average. No new dressed cattle trade has developed at this point. Earlier in the week, Northern dressed cattle were trading at mostly $330, which is $13.00 lower than last week's weighted average. Boxed beef prices are lower: choice down $1.39 ($366.89) and select down $5.13 ($350.38) with a movement of 60 loads (46.58 loads of choice, 2.89 loads of select, 5.35 loads of trim and 4.79 loads of ground beef).

The feeder cattle contracts saw the biggest day of gains as some of the contracts were up their daily trading limit, up $9.25. Helping spur this positive momentum was the interview shared with Agriculture Secretary Brooke Rollins, where she discussed several important issues, such as the border. The main points she stated about the border's reopening (when it does happen) are that not all of the ports will reopen at once, and that it will be a slow and methodical process, and the market will not see a million imported cattle show up overnight, which was a major relief to hear.

The lean hog complex traded along both sides of steady as the market looks for continued reassurance following Wednesday's dramatic rally. There's been very little interest this week in the cash hog market, but pork cutout values are again up slightly.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/28124311/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:Corn futures were higher Friday. Soybean futures were also higher; wheat futures were mixed at best on the session. The U.S. stock market was firmer, with the S&amp;P higher. The U.S. Dollar Index was slightly lower. The interest rate products were flat. Energy trade was firmer with crude oil and natural gas both trading higher. Precious metals were firmer with gold up 37.00.LIVESTOCK:The live cattle complex was still sporting a fruitful rally into Friday's close, as traders seem to be again believing in the market's bullish long-term fundamentals despite plenty of volatility over the last month. There was some light cash cattle trade reported in the South at $220, which is roughly $5.00 higher than the business that developed earlier in the week, but still $2.00 to $4.00 lower than last week's weighted average. No new dressed cattle trade has developed at this point. Earlier in the week, Northern dressed cattle were trading at mostly $330, which is $13.00 lower than last week's weighted average. Boxed beef prices are lower: choice down $1.39 ($366.89) and select down $5.13 ($350.38) with a movement of 60 loads (46.58 loads of choice, 2.89 loads of select, 5.35 loads of trim and 4.79 loads of ground beef).The feeder cattle contracts saw the biggest day of gains as some of the contracts were up their daily trading limit, up $9.25. Helping spur this positive momentum was the interview shared with Agriculture Secretary Brooke Rollins, where she discussed several important issues, such as the border. The main points she stated about the border's reopening (when it does happen) are that not all of the ports will reopen at once, and that it will be a slow and methodical process, and the market will not see a million imported cattle show up overnight, which was a major relief to hear.The lean hog complex traded along both sides of steady as the market looks for continued reassurance following Wednesday's dramatic rally. There's been very little interest this week in the cash hog market, but pork cutout values are again up slightly.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/28124311/web-closing-markets-2.mp3">Click HERE for audio</a>

Commodity markets daily recap

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.-NAFB

More bird flu ahead of the holiday season

Ag Secretary Brooke Rollins said her agency intends to purchase up to $30 million in fresh fruit from American farmers and producers to distribute to food banks and nutrition assistance programs across the country. These purchases are being made through Section 32 of the Agriculture Act of 1935 and will assist producers and communities in need. “Certain commodities are experiencing a surplus, and USDA is ensuring these crops do not go to waste and instead go to Americans in need across the country,” Rollins said. “These fresh fruits will reach those in need, boosting healthier options for Americans at food banks across the country, all while benefiting American farmers facing unfair actions from foreign competitors.”

 The USDA’s Agricultural Marketing Service will purchase $15 million in fresh oranges, $10 million in grapefruit, and $5 million worth of mandarins. The AMS purchases a variety of domestically-produced agricultural products on an ongoing basis.&nbsp;

Ag Secretary Brooke Rollins said her agency intends to purchase up to $30 million in fresh fruit from American farmers and producers to distribute to food banks and nutrition assistance programs across the country. These purchases are being made through Section 32 of the Agriculture Act of 1935 and will assist producers and communities in need. “Certain commodities are experiencing a surplus, and USDA is ensuring these crops do not go to waste and instead go to Americans in need across the country,” Rollins said. “These fresh fruits will reach those in need, boosting healthier options for Americans at food banks across the country, all while benefiting American farmers facing unfair actions from foreign competitors.” The USDA’s Agricultural Marketing Service will purchase $15 million in fresh oranges, $10 million in grapefruit, and $5 million worth of mandarins. The AMS purchases a variety of domestically-produced agricultural products on an ongoing basis.&nbsp;-NAFB

USDA announces $30 million food purchase

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

Row-crop futures posted respectable gains in a breakout session from what had been a narrow range for prices through the holiday week. Seasonality is certainly on the side of the bulls for now as traders also are anticipating U.S. production estimates will fall again from November figures when USDA revisits the supply side of the balance sheet in January. Meanwhile, strong demand ideas are working to keep a floor under prices as well. Outside markets for Wednesday saw firmer equities as indices are heading toward a retracement of last week's AI bubble fear induced selloff. Energy prices were mixed with crude oil futures higher but among 2025 lows, and diesel prices continuing to fall sharply from last week's highs.

Wednesday's rally in the live cattle complex could be in part due to the interview that Lonesome Lands shared with Agriculture Secretary Brooke Rollins. A couple of major points were discussed in the interview: Rollins stated that when the U.S.-Mexico border reopens, not all ports will reopen at once and that "you will not see 1 million head of cattle show up overnight, it's going to be a slow and gradual process." Rollins also stated the port in Arizona is likely to reopen first as it's furthest away from any detected New World screwworm. Rollins also stated there's not an ag industry that she's more bullish about than cattle. No new cash cattle trade has been reported, but bids are on the table in Kansas at $215. On Tuesday, some trade developed in the North at $330, which is $15.00 lower than last week's weighted average. Although there have not been many cattle traded in the South, a handful of deals were marked at $215, which is $7.00 to $9.00 lower than last week's weighted average. Boxed beef prices are mixed: choice down $1.45 ($368.64) and select up $2.55 ($358.48) with a movement of 115 loads (76.90 loads of choice, 10.97 loads of select, 12.76 loads of trim and 14.74 loads of ground beef).

The feeder cattle complex also traded notably higher (mostly $7.00 to $8.00 higher) as the market is pleased to hear positive news from Ag Secretary Brooke Rollins. So long as the live cattle contracts continue to trade higher through Wednesday's close, it's likely feeder cattle contracts will as well.

The lean hog complex also traded higher as the market is pleased to note a slight bump in pork demand and is likely receiving a little extra spill-over support from the cattle complex. Packers have made it bluntly clear that they don't need many hogs this week.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/26140616/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 7 cents and May corn was up 6 1/4 cents. January soybeans closed up 6 3/4 cents and March soybeans were up 6 cents. March KC wheat closed up 1 3/4 cents, March Chicago wheat was up 1 1/4 cents, March Minneapolis wheat was down 2 1/4 cents.Row-crop futures posted respectable gains in a breakout session from what had been a narrow range for prices through the holiday week. Seasonality is certainly on the side of the bulls for now as traders also are anticipating U.S. production estimates will fall again from November figures when USDA revisits the supply side of the balance sheet in January. Meanwhile, strong demand ideas are working to keep a floor under prices as well. Outside markets for Wednesday saw firmer equities as indices are heading toward a retracement of last week's AI bubble fear induced selloff. Energy prices were mixed with crude oil futures higher but among 2025 lows, and diesel prices continuing to fall sharply from last week's highs.LIVESTOCK:Wednesday's rally in the live cattle complex could be in part due to the interview that Lonesome Lands shared with Agriculture Secretary Brooke Rollins. A couple of major points were discussed in the interview: Rollins stated that when the U.S.-Mexico border reopens, not all ports will reopen at once and that "you will not see 1 million head of cattle show up overnight, it's going to be a slow and gradual process." Rollins also stated the port in Arizona is likely to reopen first as it's furthest away from any detected New World screwworm. Rollins also stated there's not an ag industry that she's more bullish about than cattle. No new cash cattle trade has been reported, but bids are on the table in Kansas at $215. On Tuesday, some trade developed in the North at $330, which is $15.00 lower than last week's weighted average. Although there have not been many cattle traded in the South, a handful of deals were marked at $215, which is $7.00 to $9.00 lower than last week's weighted average. Boxed beef prices are mixed: choice down $1.45 ($368.64) and select up $2.55 ($358.48) with a movement of 115 loads (76.90 loads of choice, 10.97 loads of select, 12.76 loads of trim and 14.74 loads of ground beef).The feeder cattle complex also traded notably higher (mostly $7.00 to $8.00 higher) as the market is pleased to hear positive news from Ag Secretary Brooke Rollins. So long as the live cattle contracts continue to trade higher through Wednesday's close, it's likely feeder cattle contracts will as well.The lean hog complex also traded higher as the market is pleased to note a slight bump in pork demand and is likely receiving a little extra spill-over support from the cattle complex. Packers have made it bluntly clear that they don't need many hogs this week.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/26140616/web-closing-markets-2.mp3">Click HERE for audio</a>

Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21 million tons inspected during the previous week. That’s also well below the 2.12 million tons assessed during the same week last year. 

Examinations of corn for overseas delivery dropped to 1.63 million metric tons, down from 2.97 million tons the previous week, but up from 1.01 million tons at the same point during the prior year. Wheat inspections rose to 474,530 metric tons, up from 246,533 tons the previous week and the 366,000 tons a year earlier. Since the marketing year began, the government has inspected 17.5 million metric tons of corn, and soybean assessments are at 10.9 million metric tons. Marketing-year wheat inspections reached 10.7 million tons.

Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21 million tons inspected during the previous week. That’s also well below the 2.12 million tons assessed during the same week last year. Examinations of corn for overseas delivery dropped to 1.63 million metric tons, down from 2.97 million tons the previous week, but up from 1.01 million tons at the same point during the prior year. Wheat inspections rose to 474,530 metric tons, up from 246,533 tons the previous week and the 366,000 tons a year earlier. Since the marketing year began, the government has inspected 17.5 million metric tons of corn, and soybean assessments are at 10.9 million metric tons. Marketing-year wheat inspections reached 10.7 million tons.-NAFB

Weekly exports of soybeans and corn decline

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture and energy. The region’s overall reading was 34.6 in October, the lowest level since May 2020. That’s down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the ten-state region,” said Ernie Goss of Creighton University. “While tariffs are producing higher economic volatility, 72 percent of bank CEOs say President Trump’s approach toward Chinese trade is ‘about right.’” 

For the 17th time in the past 18 months, farmland prices slumped below growth-neutral. The region’s farmland price index dropped to 37.0 from 45.8 in September. Farm loan delinquency rates rose from a very low 1.1 percent in June of this year to 1.6 percent this month. 

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture and energy. The region’s overall reading was 34.6 in October, the lowest level since May 2020. That’s down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the ten-state region,” said Ernie Goss of Creighton University. “While tariffs are producing higher economic volatility, 72 percent of bank CEOs say President Trump’s approach toward Chinese trade is ‘about right.’” For the 17th time in the past 18 months, farmland prices slumped below growth-neutral. The region’s farmland price index dropped to 37.0 from 45.8 in September. Farm loan delinquency rates rose from a very low 1.1 percent in June of this year to 1.6 percent this month. -NAFB

Rural Mainstreet Index stays below growth neutral

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

As expected for Thanksgiving week, grain and oilseed markets have been very quiet and more or less directionless thus far, struggling to gain breakout momentum in either direction with many traders likely on the sidelines and taking an extended holiday break from the action. The trade, albeit thin, does exhibit the characteristic of at least a short-term bottom in accordance to technical guidelines. Outside markets for Tuesday were mixed with higher equities, but weaker energy markets with crude oil futures working their way back toward 2025 lows.

It was technically a mixed session, but mostly lower morning for the live cattle complex. Although most of the deferred contracts were traded higher, spot and nearby contracts are trading slightly lower. There's even been some trade already in the fed cash cattle market. There was light movement of dressed trade this morning in Nebraska, where cattle are trading anywhere from $325 to $330, but mostly at $330, which is a $15.00 decline from last week's weighted average. Still no trade has developed yet in the South, and asking prices are still not known in that region. Delivery dates for the cattle that have traded have been set for mostly the week of Dec. 1 and Dec. 8. Boxed beef prices are higher: choice up $1.56 ($372.05) and select up $3.46 ($358.97) with a movement of 74 loads (55.78 loads of choice, 8.21 loads of select, 4.08 loads of trim and 5.76 loads of ground beef).

The feeder cattle complex traded higher following Monday's sharp decline. Traders seem to be recovering some position that was lost on Monday, but it's more a technical reaction than a decision being made because more confidence has truly been established in the marketplace.

The lean hog contracts continued to trade slightly higher as the market crosses its fingers that the uncertainty in the cattle sector could be gained opportunity for the hog complex. The market still hasn't gained a strong fundamental foothold, as pork cutout values are lower.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/25142053/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 1/4 cent and March corn was up 1 1/2 cents. January soybeans closed up 1 1/2 cents and March soybeans were up 2 3/4 cents. March KC wheat closed up 5 3/4 cents, March Chicago wheat was up 4 1/2 cents, March Minneapolis wheat was up 4 3/4 cents.As expected for Thanksgiving week, grain and oilseed markets have been very quiet and more or less directionless thus far, struggling to gain breakout momentum in either direction with many traders likely on the sidelines and taking an extended holiday break from the action. The trade, albeit thin, does exhibit the characteristic of at least a short-term bottom in accordance to technical guidelines. Outside markets for Tuesday were mixed with higher equities, but weaker energy markets with crude oil futures working their way back toward 2025 lows.LIVESTOCK:It was technically a mixed session, but mostly lower morning for the live cattle complex. Although most of the deferred contracts were traded higher, spot and nearby contracts are trading slightly lower. There's even been some trade already in the fed cash cattle market. There was light movement of dressed trade this morning in Nebraska, where cattle are trading anywhere from $325 to $330, but mostly at $330, which is a $15.00 decline from last week's weighted average. Still no trade has developed yet in the South, and asking prices are still not known in that region. Delivery dates for the cattle that have traded have been set for mostly the week of Dec. 1 and Dec. 8. Boxed beef prices are higher: choice up $1.56 ($372.05) and select up $3.46 ($358.97) with a movement of 74 loads (55.78 loads of choice, 8.21 loads of select, 4.08 loads of trim and 5.76 loads of ground beef).The feeder cattle complex traded higher following Monday's sharp decline. Traders seem to be recovering some position that was lost on Monday, but it's more a technical reaction than a decision being made because more confidence has truly been established in the marketplace.The lean hog contracts continued to trade slightly higher as the market crosses its fingers that the uncertainty in the cattle sector could be gained opportunity for the hog complex. The market still hasn't gained a strong fundamental foothold, as pork cutout values are lower.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/25142053/web-closing-markets-2.mp3">Click HERE for audio</a>

Last week, the American Carbon Alliance submitted a formal letter of support for the bipartisan SPEED Act — legislation designed to bring long-overdue clarity, accountability, and timeliness to federal environmental reviews. The bill establishes firm review deadlines, streamlines agency coordination, and prevents the kind of regulatory delay that regularly stalls energy, carbon-capture, biofuels, and rural-infrastructure projects. 

For ethanol producers, rural communities, and carbon capture developers, predictable permitting isn’t a luxury — it’s essential. Investments stall when timelines slip, and rural economies lose opportunities when critical infrastructure gets caught in bureaucratic gridlock. The SPEED Act is a major step toward ensuring the U.S. can actually build the projects needed for lower emissions, stronger energy security, and new economic growth across the Midwest. As of Friday morning, the SPEED Act passed committee markup with a bipartisan vote. 

Last week, the American Carbon Alliance submitted a formal letter of support for the bipartisan SPEED Act — legislation designed to bring long-overdue clarity, accountability, and timeliness to federal environmental reviews. The bill establishes firm review deadlines, streamlines agency coordination, and prevents the kind of regulatory delay that regularly stalls energy, carbon-capture, biofuels, and rural-infrastructure projects. For ethanol producers, rural communities, and carbon capture developers, predictable permitting isn’t a luxury — it’s essential. Investments stall when timelines slip, and rural economies lose opportunities when critical infrastructure gets caught in bureaucratic gridlock. The SPEED Act is a major step toward ensuring the U.S. can actually build the projects needed for lower emissions, stronger energy security, and new economic growth across the Midwest. As of Friday morning, the SPEED Act passed committee markup with a bipartisan vote. -NAFB

ACA supports the SPEED Act to deliver real permitting reform

A new report released this week reveals that severe agricultural labor shortages are accelerating the financial strain facing America’s family farms and contributing to rising prices for traditional Thanksgiving foods. According to the findings, farms across the country are struggling to secure the skilled, reliable workforce needed to harvest crops, care for livestock, and maintain year-round operations. 

As labor shortages worsen, growers are facing higher production costs, reduced yields, and in some cases, the difficult decision to scale back or abandon crops altogether. The result of these significant disruptions: domestic food production instability and higher prices for U.S. consumers. The report calls for urgent policy action to modernize the agricultural workforce system and protect the long-term viability of U.S. food producers. Without meaningful reform, consumers will face continued price increases and local farming communities will bear deepening economic consequences.

By: NATHAN STUEDLEA new report released this week reveals that severe agricultural labor shortages are accelerating the financial strain facing America’s family farms and contributing to rising prices for traditional Thanksgiving foods. According to the findings, farms across the country are struggling to secure the skilled, reliable workforce needed to harvest crops, care for livestock, and maintain year-round operations. As labor shortages worsen, growers are facing higher production costs, reduced yields, and in some cases, the difficult decision to scale back or abandon crops altogether. The result of these significant disruptions: domestic food production instability and higher prices for U.S. consumers. The report calls for urgent policy action to modernize the agricultural workforce system and protect the long-term viability of U.S. food producers. Without meaningful reform, consumers will face continued price increases and local farming communities will bear deepening economic consequences.

Higher holiday food prices and crisis for American family farms

Missouri Gov. Mike
Kehoe has appointed Andrea Fischer of St. Joseph to the Missouri Veterinary
Medical Board.

Fischer is a
senior therapeutic specialist for Gilead Sciences. Fischer previously worked as
an executive oncology account specialist for AstraZeneca.

Fischer is a
member of several organizations, including the Missouri Cattlemen's Association
and the American Simmental Association. Fischer earned her bachelor's degree in
animal science from the University of Missouri–Columbia.

You can follow&nbsp;Brent on X @GBrentKFEQ

By BRENT MARTINSt. Joseph PostMissouri Gov. Mike
Kehoe has appointed Andrea Fischer of St. Joseph to the Missouri Veterinary
Medical Board.Fischer is a
senior therapeutic specialist for Gilead Sciences. Fischer previously worked as
an executive oncology account specialist for AstraZeneca.Fischer is a
member of several organizations, including the Missouri Cattlemen's Association
and the American Simmental Association. Fischer earned her bachelor's degree in
animal science from the University of Missouri–Columbia.You can follow&nbsp;Brent on X @GBrentKFEQ

Gov. Kehoe appoints Fischer to Missouri Veterinary Medical Board

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

Grains and oilseed markets began what should be a fairly low volume week around a holiday break on Thursday and a shortened session for Friday as well. Prices hovered on both sides of even for Monday, with contracts managing to recover from daily lows by the close but with a lack of bullish momentum capping upside potential as well. Outside markets were mixed influence on agriculture markets for Monday, with a firmer U.S. dollar which continues to challenge long-term resistance among the highest level since May. Stock indices were higher, while energy markets were mixed. Crude oil futures moved higher but diesel prices continue to crash back to earth after trading among 2025 highs last week as talks of a peace plan for the Russian-Ukraine war have gained momentum over the past week.

It's was a painstaking day for the live cattle complex -- there's no other way to put it. Following Tyson Food's announcement on Friday that they're closing their plant in Lexington, Nebraska, and going to reduce their throughput in Amarillo, Texas, to only a single shift per day -- the market has taken the news poorly. Having sufficient shackle space is a big concern for grassroot producers and the thought of losing availability is rather concerning. Last week, Northern dressed cattle were marked at mostly $345, $6 lower than the prior week's weighted average basis Nebraska. Southern live deals were marked at $222 to $224, $4 to $6 lower than the previous week's weighted average.

The feeder cattle complex dropped $9.25 (its daily trading limit) right from the day's get-go as traders fully believed that the only direction that the market could go on Monday was lower. It's unlikely that the market finds any significant support ahead of the day's close.

But adversely, the lean hog complex was trading higher into Monday's closing bell, as the market sees the chaos in the cattle sector as potentially room for increased demand in the hog sector. Pork cutout values are up slightly this morning too, but more than anything, traders seem to be finding some technical footing in the market.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/24135900/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 1 3/4 cents and March corn was down 3/4 cents. January soybeans closed down 1 3/4 cents and March soybeans were down 2 1/4 cents. March KC wheat closed down 3 3/4 cents, March Chicago wheat was down 5 cents, March Minneapolis wheat was up 3/4 cents.Grains and oilseed markets began what should be a fairly low volume week around a holiday break on Thursday and a shortened session for Friday as well. Prices hovered on both sides of even for Monday, with contracts managing to recover from daily lows by the close but with a lack of bullish momentum capping upside potential as well. Outside markets were mixed influence on agriculture markets for Monday, with a firmer U.S. dollar which continues to challenge long-term resistance among the highest level since May. Stock indices were higher, while energy markets were mixed. Crude oil futures moved higher but diesel prices continue to crash back to earth after trading among 2025 highs last week as talks of a peace plan for the Russian-Ukraine war have gained momentum over the past week.LIVESTOCK:It's was a painstaking day for the live cattle complex -- there's no other way to put it. Following Tyson Food's announcement on Friday that they're closing their plant in Lexington, Nebraska, and going to reduce their throughput in Amarillo, Texas, to only a single shift per day -- the market has taken the news poorly. Having sufficient shackle space is a big concern for grassroot producers and the thought of losing availability is rather concerning. Last week, Northern dressed cattle were marked at mostly $345, $6 lower than the prior week's weighted average basis Nebraska. Southern live deals were marked at $222 to $224, $4 to $6 lower than the previous week's weighted average.The feeder cattle complex dropped $9.25 (its daily trading limit) right from the day's get-go as traders fully believed that the only direction that the market could go on Monday was lower. It's unlikely that the market finds any significant support ahead of the day's close.But adversely, the lean hog complex was trading higher into Monday's closing bell, as the market sees the chaos in the cattle sector as potentially room for increased demand in the hog sector. Pork cutout values are up slightly this morning too, but more than anything, traders seem to be finding some technical footing in the market.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/24135900/web-closing-markets-2.mp3">Click HERE for audio</a>

U.S. ethanol exports climbed sharply in August, driven by record sales to Canada and the European Union, federal trade data show. Shipments reached 188.8 million gallons, a 15% increase from July and 24% higher than a year earlier. Canada remained the top buyer at 74.4 million gallons, while another 47.6 million gallons moved through the Netherlands for use across the EU. RFD-TV reports that together, those markets accounted for nearly two-thirds of all U.S. ethanol exports. The U.S. imported no foreign ethanol during the month. 

Other key markets shifted as well. Colombia boosted purchases by 43% to 14.1 million gallons, India rebounded after several slow months, and Mexico increased buying as the United Kingdom, Peru and the Philippines pulled back. Year-to-date exports reached 1.42 billion gallons, 16% ahead of 2024. Exports of distillers dried grains, or DDGs, with solubles also strengthened, rising 10% to 1.17 million metric tons, though cumulative shipments remain slightly below last year. 

U.S. ethanol exports climbed sharply in August, driven by record sales to Canada and the European Union, federal trade data show. Shipments reached 188.8 million gallons, a 15% increase from July and 24% higher than a year earlier. Canada remained the top buyer at 74.4 million gallons, while another 47.6 million gallons moved through the Netherlands for use across the EU. RFD-TV reports that together, those markets accounted for nearly two-thirds of all U.S. ethanol exports. The U.S. imported no foreign ethanol during the month. Other key markets shifted as well. Colombia boosted purchases by 43% to 14.1 million gallons, India rebounded after several slow months, and Mexico increased buying as the United Kingdom, Peru and the Philippines pulled back. Year-to-date exports reached 1.42 billion gallons, 16% ahead of 2024. Exports of distillers dried grains, or DDGs, with solubles also strengthened, rising 10% to 1.17 million metric tons, though cumulative shipments remain slightly below last year. -NAFB

Record ethanol exports are expanding on strong demand

The Senate unanimously passed the Whole Milk for Healthy Kids Act, clearing a major hurdle toward restoring whole and 2% milk options in school meal programs. The bill now heads to the House, where similar legislation passed overwhelmingly in 2023, before it can be sent to the president’s desk. The measure would allow schools to serve whole and reduced-fat milk alongside the current offerings of low-fat, fat-free and flavored varieties. 

Supporters say the change reflects updated nutrition research showing milk of all fat levels has neutral or positive health effects. Whole and 2% milk remain the most commonly consumed varieties at home. “Restoring schools’ option to offer whole and reduced-fat milk will mean more schoolkids get the essential nutrients they need,” said Gregg Doud, president and CEO of the National Milk Producers Federation. The bipartisan bill is sponsored by Sens. Roger Marshall, Peter Welch, Dave McCormick and John Fetterman.

The Senate unanimously passed the Whole Milk for Healthy Kids Act, clearing a major hurdle toward restoring whole and 2% milk options in school meal programs. The bill now heads to the House, where similar legislation passed overwhelmingly in 2023, before it can be sent to the president’s desk. The measure would allow schools to serve whole and reduced-fat milk alongside the current offerings of low-fat, fat-free and flavored varieties. Supporters say the change reflects updated nutrition research showing milk of all fat levels has neutral or positive health effects. Whole and 2% milk remain the most commonly consumed varieties at home. “Restoring schools’ option to offer whole and reduced-fat milk will mean more schoolkids get the essential nutrients they need,” said Gregg Doud, president and CEO of the National Milk Producers Federation. The bipartisan bill is sponsored by Sens. Roger Marshall, Peter Welch, Dave McCormick and John Fetterman.-NAFB

Senate passes whole milk for healthy kids act

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

December corn closed down 4 3/4 cents and March corn was down 6 1/2 cents. January soybeans closed up 1/2 cents and March soybeans were down 1 3/4 cents. December KC wheat closed down 4 1/4 cents, December Chicago wheat was down 1/4 cents and December Minneapolis wheat was up 1/4 cents.

Markets took on a more reserved tone Friday ahead of the weekend, with futures trading both sides of even but gaining some semblance of footing following a turn lower across the middle part of the past week. For the most part, it was a retracement-themed week as prices finished on Friday very close to last week's close, with traders for now removing Monday's premium primarily from the soybean market. The support points which propped up prices for Friday will be interesting to monitor when trade resumes on Sunday evening and into next week's holiday-shortened week. Outside markets for Friday were mixed, with equities recovering near October lows. Meanwhile, energy markets headed lower again with January crude oil futures posting the lowest close in a month behind the idea that the proposed peace plan between Russia and Ukraine would ultimately result in a lifting of existing sanctions against the Russian oil industry.

After trading sharply lower as traders at first reacted poorly to the news that broke late Thursday afternoon that President Trump has lifted the tariff on Brazilian beef, as odd as it may sound, the live cattle complex got back to trading higher before closing softly lower into Friday's close. Besides the slightly higher boxed beef prices this morning, it's tough to pinpoint exactly what's giving traders enough support to look beyond Thursday's trade development. Nevertheless, for the sake of cattle producers, higher trade is higher trade, and that's always a win. No new cash cattle trade has developed. Do remember that later this afternoon the monthly Cattle on Feed report will be released. So far this week, Northern dressed deals have been marked at mostly $345, $6 lower than the prior week's weighted average basis Nebraska, while Southern live deals have been done at $222 to $224, $4 to $6 lower than the previous week's weighted averages.

The feeder cattle complex was taking more of a cautious approach to Friday's trade, as some of its deferred contracts traded higher, but the nearby contracts were still lower and the entire complex finished down. The feeder cattle complex remains on edge as everyone in the industry knows that eventually the border is going to reopen, which will ripple a negative effect throughout the futures complex, and the monthly Cattle on Feed report is set to be released.

The lean hog complex traded fully lower into Friday's closing bell, as the market, once again, comes up empty-handed in terms of enough fundamental support. And while yes, pork cutout values may have been higher this morning, traders need to see more than one day's worth of higher trade to keep the contracts trading higher.

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By: NATHAN STUEDLEGRAINS:December corn closed down 1 cent and March corn was down 1/4 cent. January soybeans closed up 2 1/2 cents and March soybeans were up 2 1/4 cents. December KC wheat closed up 4 3/4 cents, December Chicago wheat was unchanged, December Minneapolis wheat was down 7 3/4 cents.For the Week:December corn closed down 4 3/4 cents and March corn was down 6 1/2 cents. January soybeans closed up 1/2 cents and March soybeans were down 1 3/4 cents. December KC wheat closed down 4 1/4 cents, December Chicago wheat was down 1/4 cents and December Minneapolis wheat was up 1/4 cents.Markets took on a more reserved tone Friday ahead of the weekend, with futures trading both sides of even but gaining some semblance of footing following a turn lower across the middle part of the past week. For the most part, it was a retracement-themed week as prices finished on Friday very close to last week's close, with traders for now removing Monday's premium primarily from the soybean market. The support points which propped up prices for Friday will be interesting to monitor when trade resumes on Sunday evening and into next week's holiday-shortened week. Outside markets for Friday were mixed, with equities recovering near October lows. Meanwhile, energy markets headed lower again with January crude oil futures posting the lowest close in a month behind the idea that the proposed peace plan between Russia and Ukraine would ultimately result in a lifting of existing sanctions against the Russian oil industry.LIVESTOCK:After trading sharply lower as traders at first reacted poorly to the news that broke late Thursday afternoon that President Trump has lifted the tariff on Brazilian beef, as odd as it may sound, the live cattle complex got back to trading higher before closing softly lower into Friday's close. Besides the slightly higher boxed beef prices this morning, it's tough to pinpoint exactly what's giving traders enough support to look beyond Thursday's trade development. Nevertheless, for the sake of cattle producers, higher trade is higher trade, and that's always a win. No new cash cattle trade has developed. Do remember that later this afternoon the monthly Cattle on Feed report will be released. So far this week, Northern dressed deals have been marked at mostly $345, $6 lower than the prior week's weighted average basis Nebraska, while Southern live deals have been done at $222 to $224, $4 to $6 lower than the previous week's weighted averages.The feeder cattle complex was taking more of a cautious approach to Friday's trade, as some of its deferred contracts traded higher, but the nearby contracts were still lower and the entire complex finished down. The feeder cattle complex remains on edge as everyone in the industry knows that eventually the border is going to reopen, which will ripple a negative effect throughout the futures complex, and the monthly Cattle on Feed report is set to be released. The lean hog complex traded fully lower into Friday's closing bell, as the market, once again, comes up empty-handed in terms of enough fundamental support. And while yes, pork cutout values may have been higher this morning, traders need to see more than one day's worth of higher trade to keep the contracts trading higher.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/21135332/web-closing-markets-2.mp3">Click HERE for audio</a>

The New Democrat Coalition, made up of about 115 House Democrats, on Thursday unveiled a sweeping Rural Revitalization Agenda aimed at boosting healthcare access, strengthening the farm economy and expanding broadband in underserved communities. The coalition said the plan is designed to spur long-term economic growth in rural areas. The effort is led by Reps. Kim Schrier of Washington, Jim Costa of California, April McClain Delaney of Maryland and Josh Riley of New York. 

The agenda focuses on stabilizing rural hospitals, improving access to medical services and addressing persistent hunger. It also calls for new investment in small and specialty crop producers, reforms to trade and Farm Bill programs, and measures to ensure farmers can compete in global markets. Another major pillar targets the digital divide by expanding reliable, affordable broadband and modernizing federal connectivity programs. Coalition leaders said they intend to work across the aisle on a bipartisan Farm Bill while pushing for greater parity and support in existing rural programs.

The New Democrat Coalition, made up of about 115 House Democrats, on Thursday unveiled a sweeping Rural Revitalization Agenda aimed at boosting healthcare access, strengthening the farm economy and expanding broadband in underserved communities. The coalition said the plan is designed to spur long-term economic growth in rural areas. The effort is led by Reps. Kim Schrier of Washington, Jim Costa of California, April McClain Delaney of Maryland and Josh Riley of New York. The agenda focuses on stabilizing rural hospitals, improving access to medical services and addressing persistent hunger. It also calls for new investment in small and specialty crop producers, reforms to trade and Farm Bill programs, and measures to ensure farmers can compete in global markets. Another major pillar targets the digital divide by expanding reliable, affordable broadband and modernizing federal connectivity programs. Coalition leaders said they intend to work across the aisle on a bipartisan Farm Bill while pushing for greater parity and support in existing rural programs.-NAFB

‘New Democrat Coalition’ releases rural revitalization agenda

USDA reports that the 2025 U.S. harvest is nearing completion, with 91 % of the country’s corn crop and 95 % of soybeans harvested as of Nov. 16 in the top 18 producing states. Corn harvesting lags the five-year average of 94 % and trails last year’s progress when 98 % was already completed. Soybean harvests are just one point behind the five-year pace of 96 % and three points behind 2024’s 98 % finish. 

Farmers in key states like Iowa report essentially wrapping up operations, with only about 3 % of corn and 1 % of soybeans left to harvest.  Weather disruptions earlier in the season, including rain and frost, help explain the slower pace in some regions. With harvest nearly done, focus is turning to winter wheat planting and preparation for the next crop year.

USDA reports that the 2025 U.S. harvest is nearing completion, with 91 % of the country’s corn crop and 95 % of soybeans harvested as of Nov. 16 in the top 18 producing states. Corn harvesting lags the five-year average of 94 % and trails last year’s progress when 98 % was already completed. Soybean harvests are just one point behind the five-year pace of 96 % and three points behind 2024’s 98 % finish. Farmers in key states like Iowa report essentially wrapping up operations, with only about 3 % of corn and 1 % of soybeans left to harvest. Weather disruptions earlier in the season, including rain and frost, help explain the slower pace in some regions. With harvest nearly done, focus is turning to winter wheat planting and preparation for the next crop year.-NAFB

Harvest wrapping up across U.S.

December corn closed down 3 1/4 cents and March corn was down 3 3/4 cents. January soybeans closed down 13 3/4 cents and March soybeans were down 12 1/2 cents. December KC wheat closed down 9 1/4 cents, December Chicago wheat was down 9 3/4 cents, December MIAX Minneapolis wheat was down 8 1/2 cents.

The market continued to remove premium from prices on Thursday, despite another strong reported sale to China for soybeans early Thursday morning. It would seem like a classic case of "buying the rumor and selling the fact" in the complex for this week. Now that China has seemingly returned to the U.S. market in a meaningful way, traders likely are seeking to establish a new price range. In other words, from the October lows, how much in cents per bushel is the anticipated business from China worth? Time will tell on that. In outside markets, the general bearish tone for Thursday was well noted, with equities all but giving back a short bounce based on strong earnings from AI darling Nvidia. Fears of an AI bubble are the most pointed to explanation for the stock market weakness. Meanwhile, energy futures are lower again, with diesel prices reversing from multi-month highs perhaps on news that President Trump has reportedly approved a plan for ending the Russian-Ukraine war.

The livestock complex was again trading mixed as the cattle contracts dipped lower upon not seeing enough fundamental support in the market, but the lean hog contracts traded higher. No new cash cattle trade has developed, but bids were on the table in Nebraska.

Without seeing more fundamental support, the live cattle complex was trading lower into midday Thursday as traders were disappointed to note the decline in fed cash cattle prices again this week, and aren't overly thrilled with boxed beef prices being mixed again this morning.

Again today, the lean hog contracts were trading higher as traders seem to believe that the market has trended lower enough for the time being. It is helpful that pork cutout values were a tick higher this morning, but the volume of cash hogs traded over the week has been relatively thin.&nbsp;

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GrainsDecember corn closed down 3 1/4 cents and March corn was down 3 3/4 cents. January soybeans closed down 13 3/4 cents and March soybeans were down 12 1/2 cents. December KC wheat closed down 9 1/4 cents, December Chicago wheat was down 9 3/4 cents, December MIAX Minneapolis wheat was down 8 1/2 cents.The market continued to remove premium from prices on Thursday, despite another strong reported sale to China for soybeans early Thursday morning. It would seem like a classic case of "buying the rumor and selling the fact" in the complex for this week. Now that China has seemingly returned to the U.S. market in a meaningful way, traders likely are seeking to establish a new price range. In other words, from the October lows, how much in cents per bushel is the anticipated business from China worth? Time will tell on that. In outside markets, the general bearish tone for Thursday was well noted, with equities all but giving back a short bounce based on strong earnings from AI darling Nvidia. Fears of an AI bubble are the most pointed to explanation for the stock market weakness. Meanwhile, energy futures are lower again, with diesel prices reversing from multi-month highs perhaps on news that President Trump has reportedly approved a plan for ending the Russian-Ukraine war.LivestockThe livestock complex was again trading mixed as the cattle contracts dipped lower upon not seeing enough fundamental support in the market, but the lean hog contracts traded higher. No new cash cattle trade has developed, but bids were on the table in Nebraska.Without seeing more fundamental support, the live cattle complex was trading lower into midday Thursday as traders were disappointed to note the decline in fed cash cattle prices again this week, and aren't overly thrilled with boxed beef prices being mixed again this morning.Again today, the lean hog contracts were trading higher as traders seem to believe that the market has trended lower enough for the time being. It is helpful that pork cutout values were a tick higher this morning, but the volume of cash hogs traded over the week has been relatively thin.&nbsp;<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/05/29192003/30001.mp3">Click HERE for Audio</a>

U.S. farm safety net programs are projected to deliver more than $13.5 billion in payments for the 2025 crop year, though farmers will not receive the funds until October 2026. The payments come through the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs, which were modified under the One Big Beautiful Bill reconciliation package signed into law July 4. 

FarmDoc Daily reports the changes, relative to the 2018 Farm Bill, are expected to increase both the likelihood and potential size of ARC and PLC payments in 2025 and future years. Farmers who enrolled in 2025 will receive whichever payment — ARC or PLC — is higher, while enrollment choices will again influence payments starting in 2026. Estimates rely on USDA projections from the latest World Agricultural Supply and Demand Estimates (WASDE) report and data from the Farm Service Agency. Payment rates are calculated using county-level base acres, non-irrigated yields where relevant, and program simulation models, providing detailed projections ahead of next year’s disbursements.

U.S. farm safety net programs are projected to deliver more than $13.5 billion in payments for the 2025 crop year, though farmers will not receive the funds until October 2026. The payments come through the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs, which were modified under the One Big Beautiful Bill reconciliation package signed into law July 4. FarmDoc Daily reports the changes, relative to the 2018 Farm Bill, are expected to increase both the likelihood and potential size of ARC and PLC payments in 2025 and future years. Farmers who enrolled in 2025 will receive whichever payment — ARC or PLC — is higher, while enrollment choices will again influence payments starting in 2026. Estimates rely on USDA projections from the latest World Agricultural Supply and Demand Estimates (WASDE) report and data from the Farm Service Agency. Payment rates are calculated using county-level base acres, non-irrigated yields where relevant, and program simulation models, providing detailed projections ahead of next year’s disbursements.-NAFB

Safety Net Programs Set to Pay More than $13 Billion in 2026

The White House has held separate meetings with oil refiners and biofuel producers as it works to resolve a long-standing dispute over U.S. biofuel-blending requirements, according to sources familiar with the discussions. Biofuels-news.com reports the talks focus on billions of gallons of blending obligations that were waived for small refineries, raising questions about whether larger refiners should make up any of the exempted volumes. 

A decision, originally expected by the end of October, was delayed by the federal government shutdown. The outreach reflects the administration’s effort to balance competing interests: the oil industry argues that federal mandates threaten refinery jobs, while the agricultural sector says the waivers have reduced demand for corn-based ethanol and other biofuels. 

The outcome could influence fuel prices, farm incomes, and energy policy heading into next year. Officials also discussed year-round sales of gasoline containing 15% ethanol, or E15, potentially linking the measure to small-refinery waiver reforms to win support from both industries.

The White House has held separate meetings with oil refiners and biofuel producers as it works to resolve a long-standing dispute over U.S. biofuel-blending requirements, according to sources familiar with the discussions. Biofuels-news.com reports the talks focus on billions of gallons of blending obligations that were waived for small refineries, raising questions about whether larger refiners should make up any of the exempted volumes. A decision, originally expected by the end of October, was delayed by the federal government shutdown. The outreach reflects the administration’s effort to balance competing interests: the oil industry argues that federal mandates threaten refinery jobs, while the agricultural sector says the waivers have reduced demand for corn-based ethanol and other biofuels. The outcome could influence fuel prices, farm incomes, and energy policy heading into next year. Officials also discussed year-round sales of gasoline containing 15% ethanol, or E15, potentially linking the measure to small-refinery waiver reforms to win support from both industries.-NAFB

White House Moving Toward Biofuels Blending Resolution

As the federal government reopens, farmers say the temporary extension of the 2018 Farm Bill offers little relief from rising costs and growing uncertainty. President Donald Trump’s signature restored funding for the U.S. Department of Agriculture, but the farm law that underpins crop insurance, conservation programs and disaster aid is only renewed short term. 

Kentucky farmer Keith Lowry told the Paducah Sun that production and input costs have doubled since 2018 while commodity prices have stagnated, leaving growers without the safety net they need. He added that trade disruptions — including past tensions with China — continue to narrow export opportunities for soybeans and other crops. 

American Soybean Association President Caleb Ragland said reopening the government is only a first step and urged Congress to advance regulations and trade efforts that support demand. Farmers say the shutdown hindered access to loans and assistance, compounding a difficult year marked by heavy rains, drought and escalating expenses.

As the federal government reopens, farmers say the temporary extension of the 2018 Farm Bill offers little relief from rising costs and growing uncertainty. President Donald Trump’s signature restored funding for the U.S. Department of Agriculture, but the farm law that underpins crop insurance, conservation programs and disaster aid is only renewed short term. Kentucky farmer Keith Lowry told the Paducah Sun that production and input costs have doubled since 2018 while commodity prices have stagnated, leaving growers without the safety net they need. He added that trade disruptions — including past tensions with China — continue to narrow export opportunities for soybeans and other crops. American Soybean Association President Caleb Ragland said reopening the government is only a first step and urged Congress to advance regulations and trade efforts that support demand. Farmers say the shutdown hindered access to loans and assistance, compounding a difficult year marked by heavy rains, drought and escalating expenses.-NAFB

Farmers Worry Renewal of Outdated Farm Bill Doesn’t Adequately Fund Critical Programs

December corn closed down 7 cents and March corn was down 8 cents. January soybeans closed down 17 1/4 cents and March soybeans were down 15 3/4 cents. December KC wheat closed down 10 3/4 cents, December Chicago wheat was down 9 3/4 cents, December MIAX Minneapolis wheat was down 1 1/2 cents.

The market turned lower across the board Wednesday in a general risk-off session which stretched from commodities to equity markets. In terms of agricultural products, despite no overtly bearish news to point to on Wednesday, there was also little on the bullish side to sustain momentum against firm chart resistance which may have long-term implications, especially for the soybean market. Energy markets were weaker on Wednesday and added a layer of pressure to corn and soybean oil markets, despite the weekly EIA Petroleum Status report showing lower U.S. crude inventories week over week.

The cattle contracts are trading lower into Wednesday's noon hour as the market is disgruntled with the lack of fundamental support. Some light trade has developed in the North, where dressed cattle were trading at $345, which is $6.00 lower than last week's weighted average.

Without a steadfast stamp of approval from the market's fundamentals, the live cattle contracts were back to trading lower. The market would anticipate that beef demand will begin a sharp fourth-quarter rally in the next week or two, as consumers secure their meat for the Christmas holiday. Still, with beef prices already high compared to years past, the market sits in an unknown position, unsure how much of a fourth-quarter rally is really going to play out. The feeder cattle complex was also trading sharply lower as the market continued to closely follow the direction of the live cattle contracts.

Although midday pork cutout values are lower, once again, the lean hog contracts were trading slightly higher into Wednesday's noon hour as the market has seemed to stumble into some technical support.&nbsp;

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/13201542/30001.mp3">Click HERE for Audio</a>

GrainsDecember corn closed down 7 cents and March corn was down 8 cents. January soybeans closed down 17 1/4 cents and March soybeans were down 15 3/4 cents. December KC wheat closed down 10 3/4 cents, December Chicago wheat was down 9 3/4 cents, December MIAX Minneapolis wheat was down 1 1/2 cents.The market turned lower across the board Wednesday in a general risk-off session which stretched from commodities to equity markets. In terms of agricultural products, despite no overtly bearish news to point to on Wednesday, there was also little on the bullish side to sustain momentum against firm chart resistance which may have long-term implications, especially for the soybean market. Energy markets were weaker on Wednesday and added a layer of pressure to corn and soybean oil markets, despite the weekly EIA Petroleum Status report showing lower U.S. crude inventories week over week.Livestock:The cattle contracts are trading lower into Wednesday's noon hour as the market is disgruntled with the lack of fundamental support. Some light trade has developed in the North, where dressed cattle were trading at $345, which is $6.00 lower than last week's weighted average.Without a steadfast stamp of approval from the market's fundamentals, the live cattle contracts were back to trading lower. The market would anticipate that beef demand will begin a sharp fourth-quarter rally in the next week or two, as consumers secure their meat for the Christmas holiday. Still, with beef prices already high compared to years past, the market sits in an unknown position, unsure how much of a fourth-quarter rally is really going to play out. The feeder cattle complex was also trading sharply lower as the market continued to closely follow the direction of the live cattle contracts. Although midday pork cutout values are lower, once again, the lean hog contracts were trading slightly higher into Wednesday's noon hour as the market has seemed to stumble into some technical support.&nbsp;<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/08/13201542/30001.mp3">Click HERE for Audio</a>

Omaha Steaks President and CEO Nate Rempe (REM-pee) said, unfortunately, America’s beef bills will likely keep climbing. He told Fox News that the nation’s shrinking cattle supply and continued record demand are driving the possibility of ten-dollar-per-pound ground beef that could stretch family budgets for some time. 

“We need to get our arms around this in the U.S.,” he said. “By the third quarter of next year, American families are going to see ten dollars a pound for ground beef in the grocery store, so we’re in for a bit of a haul here.” He added that prices likely won’t come down in a significant way until 2027. “Heifer retention is a decision that the rancher and feedlot operator make to hold back female animals to help rebuild the herd,” Rempe said. “It’s a double-edged sword, because that means the supply is going to continue shrinking as fewer cattle go to market.”

Omaha Steaks President and CEO Nate Rempe (REM-pee) said, unfortunately, America’s beef bills will likely keep climbing. He told Fox News that the nation’s shrinking cattle supply and continued record demand are driving the possibility of ten-dollar-per-pound ground beef that could stretch family budgets for some time. “We need to get our arms around this in the U.S.,” he said. “By the third quarter of next year, American families are going to see ten dollars a pound for ground beef in the grocery store, so we’re in for a bit of a haul here.” He added that prices likely won’t come down in a significant way until 2027. “Heifer retention is a decision that the rancher and feedlot operator make to hold back female animals to help rebuild the herd,” Rempe said. “It’s a double-edged sword, because that means the supply is going to continue shrinking as fewer cattle go to market.”-NAFB