In the event of a government shutdown that has now come to fruition, the USDA says it’s taken steps to be ready. Back in the 2018 federal shutdown, Food Safety and Inspection Service meat inspection and laboratory testing personnel continued to work. USDA says it is prepared for all possible contingencies covering operations, including critical services and support programs. Two people with direct knowledge of the agency’s plans said that USDA employees may face more layoffs. 

The department submitted its tentative shutdown contingency plan to the Office of Management and Budget, and it does include a reduction-in-force provision. No further details were provided on which employees could be cut, but the two people said the rest of the proposal largely mirrors USDA’s typical shutdown contingency plan, last updated during the Biden administration.

In the event of a government shutdown that has now come to fruition, the USDA says it’s taken steps to be ready. Back in the 2018 federal shutdown, Food Safety and Inspection Service meat inspection and laboratory testing personnel continued to work. USDA says it is prepared for all possible contingencies covering operations, including critical services and support programs. Two people with direct knowledge of the agency’s plans said that USDA employees may face more layoffs. The department submitted its tentative shutdown contingency plan to the Office of Management and Budget, and it does include a reduction-in-force provision. No further details were provided on which employees could be cut, but the two people said the rest of the proposal largely mirrors USDA’s typical shutdown contingency plan, last updated during the Biden administration.-NAFB

USDA ready for government shutdown

December corn closed down 6 cents and March corn was down 6 1/2 cents. November soybeans closed down 8 3/4 cents and January soybeans were down 9 1/2 cents. December KC wheat closed down 10 1/2 cents, December Chicago wheat was down 11 1/2 cents, December Minneapolis wheat was down 6 1/2 cents.

Grain markets were under pressure through Tuesday's session with selling intensifying on the release of overall bearish quarterly Grain Stocks and Small Grains Summary reports from USDA. Outside markets also leaned negatively on ag futures on Tuesday, with crude oil futures retreating to start the week back toward 2-month support near $62 per barrel. Meanwhile, equities were lower on Tuesday as well as investors weigh what a potential government shutdown could mean for markets moving forward, with bearish concerns being the potential for interference with the Federal Reserve's path to rate cuts, as well as job market concerns amid the potential for layoffs at the federal level.

Although the market started the day off weaker, the live cattle complex collectively advanced its position and traded slightly higher into Tuesday's closing bell. Unfortunately, the market continues to stagger around its 40-day moving average in the spot December contract as traders don't know which way to truly push the market just yet. On one hand, they look at the market's immediate fundamentals and are disappointed to see fed cash cattle prices and boxed beef prices continuing to drift lower as they typically do seasonally. But on the other hand, traders have also recognized that from a 10,000-foot view perspective, the market is still incredibly bullish with herd supplies at a multi-decade low, and the fact remaining that supplies can't be rebuilt overnight. Still no cash cattle trade has developed and it's not likely that any trade develops until Wednesday at the earliest. Bids and asking prices remain elusive at this point too.

The feeder cattle complex was not being as cautious as the live cattle market, as its contracts were confidently trading $3.00 higher into Tuesday's noon hour. And with the feeder cattle complex not up against immediate resistance pressure, it's likely that even if the live cattle market does weaken, the feeder cattle contracts should be able to maintain their momentum for the short term.

It was a painful morning for the lean hog complex as the market continued to break lower. Seeming unable to maintain the gains made just last week, the lean hog complex is continuing to back away from the highs scored late last week as fundamental support isn't as strong as traders need it to be.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/30144122/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 6 cents and March corn was down 6 1/2 cents. November soybeans closed down 8 3/4 cents and January soybeans were down 9 1/2 cents. December KC wheat closed down 10 1/2 cents, December Chicago wheat was down 11 1/2 cents, December Minneapolis wheat was down 6 1/2 cents.Grain markets were under pressure through Tuesday's session with selling intensifying on the release of overall bearish quarterly Grain Stocks and Small Grains Summary reports from USDA. Outside markets also leaned negatively on ag futures on Tuesday, with crude oil futures retreating to start the week back toward 2-month support near $62 per barrel. Meanwhile, equities were lower on Tuesday as well as investors weigh what a potential government shutdown could mean for markets moving forward, with bearish concerns being the potential for interference with the Federal Reserve's path to rate cuts, as well as job market concerns amid the potential for layoffs at the federal level.LIVESTOCK:Although the market started the day off weaker, the live cattle complex collectively advanced its position and traded slightly higher into Tuesday's closing bell. Unfortunately, the market continues to stagger around its 40-day moving average in the spot December contract as traders don't know which way to truly push the market just yet. On one hand, they look at the market's immediate fundamentals and are disappointed to see fed cash cattle prices and boxed beef prices continuing to drift lower as they typically do seasonally. But on the other hand, traders have also recognized that from a 10,000-foot view perspective, the market is still incredibly bullish with herd supplies at a multi-decade low, and the fact remaining that supplies can't be rebuilt overnight. Still no cash cattle trade has developed and it's not likely that any trade develops until Wednesday at the earliest. Bids and asking prices remain elusive at this point too.The feeder cattle complex was not being as cautious as the live cattle market, as its contracts were confidently trading $3.00 higher into Tuesday's noon hour. And with the feeder cattle complex not up against immediate resistance pressure, it's likely that even if the live cattle market does weaken, the feeder cattle contracts should be able to maintain their momentum for the short term.It was a painful morning for the lean hog complex as the market continued to break lower. Seeming unable to maintain the gains made just last week, the lean hog complex is continuing to back away from the highs scored late last week as fundamental support isn't as strong as traders need it to be.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/30144122/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

The August Rural Mainstreet Index covering a multi-state region shows one-fifth of grain farmers will experience a negative cash flow in 2025. For the seventh time this year, the overall regional economic index sank below growth-neutral, falling to 38.5 in September, down from 48.1 in August. Also, for the 16th time in the past 17 months, farmland prices sank below growth-neutral. Elevated interest rates, higher input costs, and below breakeven prices caused the downward pressure on farmland. 

Farm equipment sales dropped below growth neutral for the 25th straight month. Three out of four bank CEOs reported that tariff increases have had a negative impact on farm operations. “Weak agricultural commodity prices for grain producers continue to dampen economic activity in the ten-state region covered by the Index,” said Dr. Ernie Goss. “Falling agricultural commodity prices represent the greatest threat to agricultural banks over the next 12 months.”

The August Rural Mainstreet Index covering a multi-state region shows one-fifth of grain farmers will experience a negative cash flow in 2025. For the seventh time this year, the overall regional economic index sank below growth-neutral, falling to 38.5 in September, down from 48.1 in August. Also, for the 16th time in the past 17 months, farmland prices sank below growth-neutral. Elevated interest rates, higher input costs, and below breakeven prices caused the downward pressure on farmland. Farm equipment sales dropped below growth neutral for the 25th straight month. Three out of four bank CEOs reported that tariff increases have had a negative impact on farm operations. “Weak agricultural commodity prices for grain producers continue to dampen economic activity in the ten-state region covered by the Index,” said Dr. Ernie Goss. “Falling agricultural commodity prices represent the greatest threat to agricultural banks over the next 12 months.”-NAFB

Rural Mainstreet Index turns negative

The USDA will issue a second Emergency Commodity Assistance Program payment to eligible producers for the 2024 crop year. Of the authorized $10 billion in ECAP assistance, USDA’s Farm Service Agency has already provided over $8 billion in payments to eligible producers to mitigate the impacts of increased input costs and falling commodity prices. “Initial ECAP payments were factored by 85 percent to ensure that total program payments didn’t exceed $10 billion in available funding,” said USDA Deputy Undersecretary Brooke Appleton. “Because additional funds remain, FSA is issuing another payment.” 

Payments will automatically be made to eligible producers with approved ECAP applications who received an initial payment. Any application approved after September 25 will receive one lump sum. Appleton said, “These payments, combined with the entire suite of supplemental disaster assistance programs, will help producers navigate market uncertainty, pay down debt from the 2024 crop year, and secure financing for 2026.” 

The USDA will issue a second Emergency Commodity Assistance Program payment to eligible producers for the 2024 crop year. Of the authorized $10 billion in ECAP assistance, USDA’s Farm Service Agency has already provided over $8 billion in payments to eligible producers to mitigate the impacts of increased input costs and falling commodity prices. “Initial ECAP payments were factored by 85 percent to ensure that total program payments didn’t exceed $10 billion in available funding,” said USDA Deputy Undersecretary Brooke Appleton. “Because additional funds remain, FSA is issuing another payment.” Payments will automatically be made to eligible producers with approved ECAP applications who received an initial payment. Any application approved after September 25 will receive one lump sum. Appleton said, “These payments, combined with the entire suite of supplemental disaster assistance programs, will help producers navigate market uncertainty, pay down debt from the 2024 crop year, and secure financing for 2026.” -NAFB

USDA issues second assistance payment to producers

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

Corn and soybean markets were moderately lower to begin the new week but also held nearby support as a good weather window across the U.S. Grain Belt looks to encourage harvest advancement. Wheat futures were higher, which offered support to the corn market, although technical resistance continues to hold those prices in check as well. Outside markets leaned negative on Monday with crude oil futures sharply lower on fears of another output increase when OPEC+ members meet this upcoming weekend. The U.S. dollar was lower for the second straight session, which likely worked to support wheat futures on Monday.

The live cattle complex is continuing to trade lower as the market looks around for reassuring support; but it isn't seeing much rise on Monday. October live cattle are down $0.35 at $231.45, December live cattle are down $0.45 at $233.85 and February live cattle are down $0.32 at $236.17. Thankfully (for the meantime) the spot December contract is remaining above the market's 40-day moving average, but the market seems to teeter at that threshold as traders aren't confident in which way the market should trade. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado.

The feeder cattle complex is mixed into Monday's noon hour as the market is unsettled seeing the live cattle contracts trade lower,; but some of the furthest deferred months are still trading higher. More than anything the futures complex seems to be held at a mere standstill, looking for support to develop, or waiting for more pressure to build to send the contracts one way or another.

Like the cattle complex, the lean hog market is mixed into Monday's noon hour. But following the big surge the lean hog market saw on Friday, it's quite commendable that the contracts that are trading lower are just doing so in a mild matter as traders could have panicked at Monday's start and opted to give back most of what Friday's trade secured.&nbsp;

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/08194004/30001.mp3">Here </a>for Audio

Grains:December corn closed down 1/2 cents and March corn was down 1/4 cents. November soybeans closed down 3 1/4 cents and January soybeans were down 3 1/4 cents. December KC wheat closed up 2 3/4 cents, December Chicago wheat was down 1/4 cents, December MIAX Minneapolis wheat was up 1 1/2 cents.Corn and soybean markets were moderately lower to begin the new week but also held nearby support as a good weather window across the U.S. Grain Belt looks to encourage harvest advancement. Wheat futures were higher, which offered support to the corn market, although technical resistance continues to hold those prices in check as well. Outside markets leaned negative on Monday with crude oil futures sharply lower on fears of another output increase when OPEC+ members meet this upcoming weekend. The U.S. dollar was lower for the second straight session, which likely worked to support wheat futures on Monday.Livestock:The live cattle complex is continuing to trade lower as the market looks around for reassuring support; but it isn't seeing much rise on Monday. October live cattle are down $0.35 at $231.45, December live cattle are down $0.45 at $233.85 and February live cattle are down $0.32 at $236.17. Thankfully (for the meantime) the spot December contract is remaining above the market's 40-day moving average, but the market seems to teeter at that threshold as traders aren't confident in which way the market should trade. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado.The feeder cattle complex is mixed into Monday's noon hour as the market is unsettled seeing the live cattle contracts trade lower,; but some of the furthest deferred months are still trading higher. More than anything the futures complex seems to be held at a mere standstill, looking for support to develop, or waiting for more pressure to build to send the contracts one way or another.Like the cattle complex, the lean hog market is mixed into Monday's noon hour. But following the big surge the lean hog market saw on Friday, it's quite commendable that the contracts that are trading lower are just doing so in a mild matter as traders could have panicked at Monday's start and opted to give back most of what Friday's trade secured.&nbsp;Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/08194004/30001.mp3">Here </a>for Audio

The White House budget office is instructing federal agencies to prepare reduction-in-force plans for mass firings during a possible government shutdown, specifically targeting employees who work for programs that are not legally required to continue. The Office of Management and Budget move to permanently reduce the government workforce if there is a shutdown, outlined in a memo shared with Politico ahead of release to agencies tonight, escalates the stakes of a potential shutdown next week. 

In the memo, OMB told agencies to identify programs, projects and activities where discretionary funding will lapse Oct. 1 and no alternative funding source is available. For those areas, OMB directed agencies to begin drafting RIF plans that would go beyond standard furloughs, permanently eliminating jobs in programs not consistent with President Donald Trump’s priorities in the event of a shutdown. 

The move marks a significant break from how shutdowns have been handled in recent decades, when most furloughs were temporary and employees were brought back once Congress voted to reopen government and funding was restored.

The White House budget office is instructing federal agencies to prepare reduction-in-force plans for mass firings during a possible government shutdown, specifically targeting employees who work for programs that are not legally required to continue. The Office of Management and Budget move to permanently reduce the government workforce if there is a shutdown, outlined in a memo shared with Politico ahead of release to agencies tonight, escalates the stakes of a potential shutdown next week. In the memo, OMB told agencies to identify programs, projects and activities where discretionary funding will lapse Oct. 1 and no alternative funding source is available. For those areas, OMB directed agencies to begin drafting RIF plans that would go beyond standard furloughs, permanently eliminating jobs in programs not consistent with President Donald Trump’s priorities in the event of a shutdown. The move marks a significant break from how shutdowns have been handled in recent decades, when most furloughs were temporary and employees were brought back once Congress voted to reopen government and funding was restored.-NAFB

White House Says to Plan for Shutdown and Mass Firings; Risk for Shutdown Continues to Increase

Consumer demand for products like cheese, butter and yogurt that rely on protein and butterfat content continues to drive dairy sales growth in the U.S. and abroad. Over the past decade, milk delivered to U.S. dairy processing plants has become more nutrient-dense with higher levels of the two key components to meet rising demand. However, the pace of growth in butterfat content has far exceeded protein, which creates challenges for U.S. cheddar and American-style cheesemakers that rely on a more balanced ratio of the two. 

“U.S. dairy producers did an exceptional job increasing butterfat levels in milk to meet demand,” said Corey Geiger, lead dairy economist at CoBank. “For 10 years, the market couldn’t supply enough of it, and now there’s an oversupply – it’s almost too much of a good thing. Cheesemakers strive for a protein-to-fat ratio near 0.80. Anything significantly lower than that can reduce cheese quality and compromise production yields.”

Consumer demand for products like cheese, butter and yogurt that rely on protein and butterfat content continues to drive dairy sales growth in the U.S. and abroad. Over the past decade, milk delivered to U.S. dairy processing plants has become more nutrient-dense with higher levels of the two key components to meet rising demand. However, the pace of growth in butterfat content has far exceeded protein, which creates challenges for U.S. cheddar and American-style cheesemakers that rely on a more balanced ratio of the two. “U.S. dairy producers did an exceptional job increasing butterfat levels in milk to meet demand,” said Corey Geiger, lead dairy economist at CoBank. “For 10 years, the market couldn’t supply enough of it, and now there’s an oversupply – it’s almost too much of a good thing. Cheesemakers strive for a protein-to-fat ratio near 0.80. Anything significantly lower than that can reduce cheese quality and compromise production yields.”-NAFB

A Butterfat Boom Leaves Cheesemakers Demanding More Protein

As of Sept.1, there were 74.5 million hogs and pigs on U.S. farms, down 1% from September 2024 but up 1% from June. 1, 2025, according to the Quarterly Hogs and Pigs report published today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Other key findings in the report were:

As of Sept.1, there were 74.5 million hogs and pigs on U.S. farms, down 1% from September 2024 but up 1% from June. 1, 2025, according to the Quarterly Hogs and Pigs report published today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Other key findings in the report were:<ul>
 <li>Of the 74.5 million hogs and pigs, 68.5 million were market hogs, while 5.93 million were kept for breeding.</li><li>Between June and August 2025, 34.1 million pigs were weaned on U.S. farms, down 3% from the same time period one year earlier.</li><li>From June through September 2025, U.S. hog and pig producers weaned an average of 11.82 pigs per litter.</li><li>U.S. hog producers intend to have 2.86 million sows farrow between September and November 2025, and 2.82 million sows farrow between December 2025 and February 2026.</li><li>Iowa hog producers accounted for the largest inventory among the states, at 25.1 million head. Minnesota had the second largest inventory at 8.75 million head. North Carolina was third with 7.80 million head.</li>
 </ul>-NAFB

United States Hog Inventory Down 1%

December corn closed down 3 3/4 cents and March corn was down 3 1/2 cents. November soybeans closed up 1 1/2 cents and January soybeans were up 1 3/4 cents. December KC wheat closed down 6 3/4 cents, December Chicago wheat was down 7 1/4 cents, December Minneapolis wheat was down 5 1/4 cents.

December corn closed down 2 cents and March corn was down 2 1/2 cents. November soybeans closed down 11 3/4 cents and January soybeans were down 11 3/4 cents. December KC wheat closed down 1 3/4 cents, December Chicago wheat was down 2 3/4 cents and December Minneapolis wheat was up 1/4 cents.

It was another slow day for ag markets to close the week as grain and oilseed markets mainly adhered to technical signals ahead of the weekend break. The biggest ag news for Friday was President Trump's comments late Thursday that the administration plans to disperse part of the revenue generated from tariffs as an aid package to U.S. farmers who are hurting amid low prices. The market reaction to this news was muted, although there was perhaps some bearish undertones in the implication of President Trump's statement that farmers will continue to be hurt "for a little while" being that ag-centric trade agreements may not be close currently. In outside market news, Personal Consumption Expenditure data came in as expected with the core index showing a 2.9% inflation reading, steady with July, and likely keeping the Federal Reserve's path to rate cuts in upcoming meetings clear. Energy markets were also firm Friday, with November crude oil futures trading to their highest level since early August.

After starting the day off with a rocky start, the live cattle complex thankfully traded mostly higher into Friday's closing bell, but with the market's deferred contracts again seeing the biggest daily increases. The spot December contract is thankfully back to trading slightly above the market's 40-day moving average, which will continue to be an important threshold to monitor, as a close beneath that price point could indicate continued downward pressure. Thus far this week Northern dressed cattle have traded at mostly $365, which is $6.00 lower than last week's weighted average and Southern live cattle have been marked at mostly $237, which is $3.00 lower than the previous week's weighted average.

The feeder cattle complex also trading higher into Friday's noon hour as the market continues to closely track alongside the live cattle market. Unlike the live cattle market, however, the feeder cattle contracts saw more steady gains throughout all the contracts, nearby and deferred. The spot November contract is currently trading above the market's 40-day moving average, and hopefully, with continued strong sales in the countryside, the market should be able to close above that threshold so long as nothing dramatic happens.

Feeling empowered by Thursday's Quarterly Hogs and Pigs report and by the morning uptick in pork cutout values, the lean hog complex traded fully higher into Friday's close. As a matter of fact, the market is currently seeing the spot December contract reach new contract highs as fundamental support is ample. The market will likely be able to sustain this momentum at least in the short term.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/26140511/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 3 3/4 cents and March corn was down 3 1/2 cents. November soybeans closed up 1 1/2 cents and January soybeans were up 1 3/4 cents. December KC wheat closed down 6 3/4 cents, December Chicago wheat was down 7 1/4 cents, December Minneapolis wheat was down 5 1/4 cents.For the Week:December corn closed down 2 cents and March corn was down 2 1/2 cents. November soybeans closed down 11 3/4 cents and January soybeans were down 11 3/4 cents. December KC wheat closed down 1 3/4 cents, December Chicago wheat was down 2 3/4 cents and December Minneapolis wheat was up 1/4 cents.It was another slow day for ag markets to close the week as grain and oilseed markets mainly adhered to technical signals ahead of the weekend break. The biggest ag news for Friday was President Trump's comments late Thursday that the administration plans to disperse part of the revenue generated from tariffs as an aid package to U.S. farmers who are hurting amid low prices. The market reaction to this news was muted, although there was perhaps some bearish undertones in the implication of President Trump's statement that farmers will continue to be hurt "for a little while" being that ag-centric trade agreements may not be close currently. In outside market news, Personal Consumption Expenditure data came in as expected with the core index showing a 2.9% inflation reading, steady with July, and likely keeping the Federal Reserve's path to rate cuts in upcoming meetings clear. Energy markets were also firm Friday, with November crude oil futures trading to their highest level since early August.LIVESTOCK:After starting the day off with a rocky start, the live cattle complex thankfully traded mostly higher into Friday's closing bell, but with the market's deferred contracts again seeing the biggest daily increases. The spot December contract is thankfully back to trading slightly above the market's 40-day moving average, which will continue to be an important threshold to monitor, as a close beneath that price point could indicate continued downward pressure. Thus far this week Northern dressed cattle have traded at mostly $365, which is $6.00 lower than last week's weighted average and Southern live cattle have been marked at mostly $237, which is $3.00 lower than the previous week's weighted average. The feeder cattle complex also trading higher into Friday's noon hour as the market continues to closely track alongside the live cattle market. Unlike the live cattle market, however, the feeder cattle contracts saw more steady gains throughout all the contracts, nearby and deferred. The spot November contract is currently trading above the market's 40-day moving average, and hopefully, with continued strong sales in the countryside, the market should be able to close above that threshold so long as nothing dramatic happens.Feeling empowered by Thursday's Quarterly Hogs and Pigs report and by the morning uptick in pork cutout values, the lean hog complex traded fully higher into Friday's close. As a matter of fact, the market is currently seeing the spot December contract reach new contract highs as fundamental support is ample. The market will likely be able to sustain this momentum at least in the short term.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/26140511/web-closing-markets.mp3">Click HERE for audio</a>

Multiple grain traders are reporting that Chinese soybean buyers have booked at least ten and perhaps as many as 20 cargoes, of Argentinian soybeans after the country decided to scrap export taxes. That’s another setback to America’s farmers, who are already shut out of their number one market and hurting from low prices. Removing the tax on exports boosts the competitiveness of Argentina’s soybeans, prompting traders to purchase cargoes for fourth-quarter inventories in China, a period that’s usually dominated by U.S. soybean imports. 

However, Reports say that’s now clouded by Washington’s trade war with Beijing. One trader said Chinese buyers booked a total of 15 cargoes, dealing a fresh blow to America’s farmers, missing out on billions in soybean sales to China halfway through their prime marketing season. Argentina temporarily eliminated export taxes on grains and their by-products, as well as on beef and poultry, in a bid to spur sales abroad and bring in much-needed income. 

Multiple grain traders are reporting that Chinese soybean buyers have booked at least ten and perhaps as many as 20 cargoes, of Argentinian soybeans after the country decided to scrap export taxes. That’s another setback to America’s farmers, who are already shut out of their number one market and hurting from low prices. Removing the tax on exports boosts the competitiveness of Argentina’s soybeans, prompting traders to purchase cargoes for fourth-quarter inventories in China, a period that’s usually dominated by U.S. soybean imports. However, Reports say that’s now clouded by Washington’s trade war with Beijing. One trader said Chinese buyers booked a total of 15 cargoes, dealing a fresh blow to America’s farmers, missing out on billions in soybean sales to China halfway through their prime marketing season. Argentina temporarily eliminated export taxes on grains and their by-products, as well as on beef and poultry, in a bid to spur sales abroad and bring in much-needed income. -NAFB

China’s soybean buyers now turning to Argentina

Last week, Ag Secretary Brooke Rollins and USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg announced a new three-point plan to support American agricultural producers and exporters. The plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture. The first of three points is the America First Trade Promotion Program. 

USDA will kickstart the trade promotion program in fiscal year 2026. The second is a new model of trade missions that supplements the current model. The third point is an effort to revitalize export finance opportunities by reducing financial risk to lenders with credit guarantees to encourage exports to buyers in countries that have sufficient financial strength to have foreign exchange available for scheduled payments. “Advancing these programs as supplements to our existing programs ensures the health, prosperity, and security of rural America, and our farmers, ranchers, and producers,” Lindberg said.  

Last week, Ag Secretary Brooke Rollins and USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg announced a new three-point plan to support American agricultural producers and exporters. The plan was announced during remarks at the annual meeting of the National Association of State Departments of Agriculture. The first of three points is the America First Trade Promotion Program. USDA will kickstart the trade promotion program in fiscal year 2026. The second is a new model of trade missions that supplements the current model. The third point is an effort to revitalize export finance opportunities by reducing financial risk to lenders with credit guarantees to encourage exports to buyers in countries that have sufficient financial strength to have foreign exchange available for scheduled payments. “Advancing these programs as supplements to our existing programs ensures the health, prosperity, and security of rural America, and our farmers, ranchers, and producers,” Lindberg said. -NAFB

USDA three-point plan to support producers and exporters

December corn closed up 1 1/2 cents and March corn was up 1 1/4 cents. November soybeans closed up 3 1/4 cents and January soybeans were up 2 3/4 cents. December KC wheat closed up 5 1/2 cents, December Chicago wheat was up 7 1/2 cents, December Minneapolis wheat was up 5 1/4 cents.

Crop prices recovered their Wednesday losses for the most part on Thursday as weekly price action has turned sideways amid a lack of fresh news to drive prices convincingly one direction or the other. Early news that Argentina has reimplemented grain export taxes after hitting the $7 billion quota in two days likely provided support on Thursday. Outside markets were mixed with lower equities again for the third straight session, with the rally through September to records in the Dow Jones and S&amp;P already counter to September's historical tendency to be a poor month for stocks, it is not surprising to see some profit taking/position squaring into month end. The U.S. Dollar Index was also firmer again on Thursday, and back toward monthly highs as investors and traders alike will be very interested in Friday's Personal Consumption Expenditure (PCE) Index, which is the Federal Reserve's preferred inflation measure for monetary policy decisions.

The live cattle complex continued to battle anxiousness and seemingly growing concerns about the lower dip in the equity markets, which put immense pressure today on the live cattle contracts. Unfortunately, the spot December contract is trading just below the market's 40-day moving average, and the market did indeed close below that threshold, that could signal continued downward pressure. Some light (very light) trade was reported in Nebraska at $365, which is $6.00 lower than last week's weighted average. Making matters even worse is the fact that some of those cattle are committed for delivery on the weeks of October 6 and October 13. This indicates packers are aiming to build up their supply for the long term so that they can continue to work cash prices lower. Asking prices in the South are firm at $242 to $244 but are still not clearly established in the North.

It was a day of hard knocks as the feeder cattle contracts once again followed in the live cattle market's wake, but they saw losses far greater as most of the feeder cattle contracts traded more than $5.00 lower into Thursday's closing bell. Thankfully, demand has been incredibly strong this week in feeder cattle sales across the country, but this dip in the futures complex could shake buyers a bit.

The cattle complex may have traded lower, but the lean hog contracts mostly kept their upward trend into Thursday's close. It's likely that traders will continue to mildly support the contracts through the week's end, but won't likely pressure resistance thresholds until after seeing the Quarterly Hogs and Pigs Report.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/25141519/web-closing-markets.mp3">click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 1 1/2 cents and March corn was up 1 1/4 cents. November soybeans closed up 3 1/4 cents and January soybeans were up 2 3/4 cents. December KC wheat closed up 5 1/2 cents, December Chicago wheat was up 7 1/2 cents, December Minneapolis wheat was up 5 1/4 cents.Crop prices recovered their Wednesday losses for the most part on Thursday as weekly price action has turned sideways amid a lack of fresh news to drive prices convincingly one direction or the other. Early news that Argentina has reimplemented grain export taxes after hitting the $7 billion quota in two days likely provided support on Thursday. Outside markets were mixed with lower equities again for the third straight session, with the rally through September to records in the Dow Jones and S&amp;P already counter to September's historical tendency to be a poor month for stocks, it is not surprising to see some profit taking/position squaring into month end. The U.S. Dollar Index was also firmer again on Thursday, and back toward monthly highs as investors and traders alike will be very interested in Friday's Personal Consumption Expenditure (PCE) Index, which is the Federal Reserve's preferred inflation measure for monetary policy decisions.LIVESTOCK:The live cattle complex continued to battle anxiousness and seemingly growing concerns about the lower dip in the equity markets, which put immense pressure today on the live cattle contracts. Unfortunately, the spot December contract is trading just below the market's 40-day moving average, and the market did indeed close below that threshold, that could signal continued downward pressure. Some light (very light) trade was reported in Nebraska at $365, which is $6.00 lower than last week's weighted average. Making matters even worse is the fact that some of those cattle are committed for delivery on the weeks of October 6 and October 13. This indicates packers are aiming to build up their supply for the long term so that they can continue to work cash prices lower. Asking prices in the South are firm at $242 to $244 but are still not clearly established in the North.It was a day of hard knocks as the feeder cattle contracts once again followed in the live cattle market's wake, but they saw losses far greater as most of the feeder cattle contracts traded more than $5.00 lower into Thursday's closing bell. Thankfully, demand has been incredibly strong this week in feeder cattle sales across the country, but this dip in the futures complex could shake buyers a bit.The cattle complex may have traded lower, but the lean hog contracts mostly kept their upward trend into Thursday's close. It's likely that traders will continue to mildly support the contracts through the week's end, but won't likely pressure resistance thresholds until after seeing the Quarterly Hogs and Pigs Report.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/25141519/web-closing-markets.mp3">click HERE for audio</a>

American agriculture has a growing need to strengthen its defenses against cyber assaults. The computers, sensors, GPS, and cloud-based data systems that help producers boost productivity also increase the chances for cybercriminals to worm their way into producers’ operational systems and data. Cyberattacks on agribusinesses in recent years have demonstrated hackers’ ability to shut down processing plants, halt livestock purchases, and cost corporations millions. 

The University of Nebraska educational system is working to strengthen agricultural cyber defenses. Multiple projects with various funding sources, including federal government grants, are at the forefront of analyzing and addressing vulnerabilities. “Many technologies used in precision agriculture, such as drones, have been designed for use and affordability before data security,” said Meghan Jackson of the University of Nebraska. “Disruptions of an automatic irrigation system or hacking a dairy’s control system could mean the failure of an entire season or the death of livestock.”  

American agriculture has a growing need to strengthen its defenses against cyber assaults. The computers, sensors, GPS, and cloud-based data systems that help producers boost productivity also increase the chances for cybercriminals to worm their way into producers’ operational systems and data. Cyberattacks on agribusinesses in recent years have demonstrated hackers’ ability to shut down processing plants, halt livestock purchases, and cost corporations millions. The University of Nebraska educational system is working to strengthen agricultural cyber defenses. Multiple projects with various funding sources, including federal government grants, are at the forefront of analyzing and addressing vulnerabilities. “Many technologies used in precision agriculture, such as drones, have been designed for use and affordability before data security,” said Meghan Jackson of the University of Nebraska. “Disruptions of an automatic irrigation system or hacking a dairy’s control system could mean the failure of an entire season or the death of livestock.” -NAFB

Researchers addressing cyber vulnerabilities in U.S. agriculture

America’s soybean harvest began in September with no orders from China, the world’s largest soybean buyer. USDA says that farmers will harvest some, 4.3 billion bushels, with no indication of when shipments to China will resume. In a typical year, Reports show that China buys more than half of all U.S. soybean exports. Meanwhile, Brazil set an export record for shipments to China from January through August. 

In 2024, the U.S. shipped almost 985 million bushels to China, accounting for 51 percent of the nation’s total soybean exports. This year, U.S. soybean exports to China from January through August totaled 218 million bushels, 29 percent of the total exports during that time. In June, July, and August, shipments to China were effectively at zero. While U.S. farmers wait for an agreement, the overall Chinese duty rate on U.S. soybean imports is 34 percent in 2025. 

America’s soybean harvest began in September with no orders from China, the world’s largest soybean buyer. USDA says that farmers will harvest some, 4.3 billion bushels, with no indication of when shipments to China will resume. In a typical year, Reports show that China buys more than half of all U.S. soybean exports. Meanwhile, Brazil set an export record for shipments to China from January through August. In 2024, the U.S. shipped almost 985 million bushels to China, accounting for 51 percent of the nation’s total soybean exports. This year, U.S. soybean exports to China from January through August totaled 218 million bushels, 29 percent of the total exports during that time. In June, July, and August, shipments to China were effectively at zero. While U.S. farmers wait for an agreement, the overall Chinese duty rate on U.S. soybean imports is 34 percent in 2025. -NAFB

U.S. soybean harvest starts with no Chinese purchases

December corn closed down 2 cents and March corn was down 2 cents. November soybeans closed down 3 cents and January soybeans were down 3 1/4 cents. December KC wheat closed down 4 3/4 cents, December Chicago wheat was down 1 cents, December Minneapolis wheat was down 0 cents.

U.S. row crop futures chopped on both sides of unchanged at midweek, ultimately settling for marginal losses while finishing both above daily lows but also off the daily highs as well. Traders have shifted into a holding pattern, likely awaiting more demand and production news as the bulk of U.S. harvest fast approaches. Outside markets were mixed with equities lower for the second straight session, meanwhile energy markets posted a second straight firmer session with crude oil futures rising back to the upper end of the monthly price range. The U.S. dollar strengthened on Wednesday to its highest point in about two weeks, continuing to rebound from 3 1/2-year lows hit last week.

After two consecutive days of mostly stronger trading, the live cattle complex traded lower into Wednesday's closing bell, as traders were reluctant to advance the complex any higher without seeing immediate fundamental support, as many of the contracts are up against resistance pressure. Not to mention, it also hindered the market's confidence to see the equity markets trading lower through the day as well. Asking prices are now being reported in the South at $244 to $245-plus, but are still not established in the North. Trade could develop later today, but it's most likely that trade will develop sometime later this week.

The feeder cattle complex also traded lower into Wednesday's closing bell, as traders seem to be hitting the pause button on the market's advancement for the time being. Thankfully, feeder cattle sales have been trending mostly higher again this week after last week's slight dip.

The lean hog complex also traded lower as the market hasn't been able to sustain Tuesday's breakout move. It's not helping matters either this morning that both cash prices and pork cutout values are lower, and given that packers were aggressive early in the week for buying the cash market, it's likely that the cash prices will be softer throughout the rest of the week. Keep in mind that tomorrow, the Quarterly Hogs and Pigs report will be released from the USDA.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/24141848/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 2 cents and March corn was down 2 cents. November soybeans closed down 3 cents and January soybeans were down 3 1/4 cents. December KC wheat closed down 4 3/4 cents, December Chicago wheat was down 1 cents, December Minneapolis wheat was down 0 cents.U.S. row crop futures chopped on both sides of unchanged at midweek, ultimately settling for marginal losses while finishing both above daily lows but also off the daily highs as well. Traders have shifted into a holding pattern, likely awaiting more demand and production news as the bulk of U.S. harvest fast approaches. Outside markets were mixed with equities lower for the second straight session, meanwhile energy markets posted a second straight firmer session with crude oil futures rising back to the upper end of the monthly price range. The U.S. dollar strengthened on Wednesday to its highest point in about two weeks, continuing to rebound from 3 1/2-year lows hit last week.LIVESTOCK:After two consecutive days of mostly stronger trading, the live cattle complex traded lower into Wednesday's closing bell, as traders were reluctant to advance the complex any higher without seeing immediate fundamental support, as many of the contracts are up against resistance pressure. Not to mention, it also hindered the market's confidence to see the equity markets trading lower through the day as well. Asking prices are now being reported in the South at $244 to $245-plus, but are still not established in the North. Trade could develop later today, but it's most likely that trade will develop sometime later this week.The feeder cattle complex also traded lower into Wednesday's closing bell, as traders seem to be hitting the pause button on the market's advancement for the time being. Thankfully, feeder cattle sales have been trending mostly higher again this week after last week's slight dip. The lean hog complex also traded lower as the market hasn't been able to sustain Tuesday's breakout move. It's not helping matters either this morning that both cash prices and pork cutout values are lower, and given that packers were aggressive early in the week for buying the cash market, it's likely that the cash prices will be softer throughout the rest of the week. Keep in mind that tomorrow, the Quarterly Hogs and Pigs report will be released from the USDA.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/24141848/web-closing-markets.mp3">Click HERE for audio</a>

A new study from Iowa State University sheds surprising light on the evolving landscape of agricultural conservation in the state. It found that many farmers who adopted two key conservation practices, including cover crops and no-till, didn’t continue using those practices over time. The research explored farmers’ self-reports of whether they adopted, continued, or abandoned the conservation practices between 2015 and 2019. 

Most conservation adoption research operates under the assumption that once a practice has begun, it will remain in use. The farmer survey shows that almost 20 percent of farmers who used cover crops in one year had stopped using them by the following year. For cover crops, 192 farmers moved to an adopter status during the study period. However, 142 shifted out of the adoption category, leaving a net gain of 50 continued participants. That’s an overall adoption increase of 1.9 percent. The no-till adoption gain was only 26 individuals.

A new study from Iowa State University sheds surprising light on the evolving landscape of agricultural conservation in the state. It found that many farmers who adopted two key conservation practices, including cover crops and no-till, didn’t continue using those practices over time. The research explored farmers’ self-reports of whether they adopted, continued, or abandoned the conservation practices between 2015 and 2019. Most conservation adoption research operates under the assumption that once a practice has begun, it will remain in use. The farmer survey shows that almost 20 percent of farmers who used cover crops in one year had stopped using them by the following year. For cover crops, 192 farmers moved to an adopter status during the study period. However, 142 shifted out of the adoption category, leaving a net gain of 50 continued participants. That’s an overall adoption increase of 1.9 percent. The no-till adoption gain was only 26 individuals.-NAFB

Study finds many farmers drop conservation practices

Analysts predict the U.S. Midwest’s food exports will play a big part in any deal between the U.S. and China. Political and business leaders from around the Midwest recently met with senior Chinese trade negotiator Li Chengang to discuss commercial ties between the two countries. Those ties featured in talks on Monday, but very few details were released. China is the world’s biggest buyer of soybeans. 

However, the country hasn’t bought any soybeans from the U.S., most of which come from the Midwest. Reports say analysts expect President Donald Trump to want China to commit to buying more agricultural goods, among other items, to end the current tariff war. David Purdue, the U.S. Ambassador to China, recently told reporters that he thought negotiations over China buying more Boeing aircraft had entered their last days or weeks. Soybean futures recently hit five-year lows after no progress was reported on agricultural commodities. 

Analysts predict the U.S. Midwest’s food exports will play a big part in any deal between the U.S. and China. Political and business leaders from around the Midwest recently met with senior Chinese trade negotiator Li Chengang to discuss commercial ties between the two countries. Those ties featured in talks on Monday, but very few details were released. China is the world’s biggest buyer of soybeans. However, the country hasn’t bought any soybeans from the U.S., most of which come from the Midwest. Reports say analysts expect President Donald Trump to want China to commit to buying more agricultural goods, among other items, to end the current tariff war. David Purdue, the U.S. Ambassador to China, recently told reporters that he thought negotiations over China buying more Boeing aircraft had entered their last days or weeks. Soybean futures recently hit five-year lows after no progress was reported on agricultural commodities. -NAFB

Chinese trade negotiator meets U.S. Midwest delegation

Citing near-record production costs in a low-price environment, the National Corn Growers Association launched a task force to identify solutions to bring costs more in line with today’s commodity prices. Corn growers are in their third consecutive year of net negative returns, with 2026 projected to be the fourth. “Corn growers have sounded the alarm that on-farm economics don’t work,” said Kenneth Hartman, Jr., NCGA President. “It’s time to look at all pieces of the farm profitability picture.” 

The organization said low prices contribute to one side of the equation, but we must also look at the extremely high prices growers are paying for essential inputs on the other side. Recent analysis from NCGA economists shows that input prices remain at near-record highs despite the precipitous drop in per bushel corn prices in the last three years. Production costs have dropped three percent since 2022, while corn prices dropped over 50 percent. 

Citing near-record production costs in a low-price environment, the National Corn Growers Association launched a task force to identify solutions to bring costs more in line with today’s commodity prices. Corn growers are in their third consecutive year of net negative returns, with 2026 projected to be the fourth. “Corn growers have sounded the alarm that on-farm economics don’t work,” said Kenneth Hartman, Jr., NCGA President. “It’s time to look at all pieces of the farm profitability picture.” The organization said low prices contribute to one side of the equation, but we must also look at the extremely high prices growers are paying for essential inputs on the other side. Recent analysis from NCGA economists shows that input prices remain at near-record highs despite the precipitous drop in per bushel corn prices in the last three years. Production costs have dropped three percent since 2022, while corn prices dropped over 50 percent. -NAFB

Corn growers launch input cost task force

December corn closed up 4 1/2 cents and March corn was up 4 1/4 cents. November soybeans closed up 1 cents and January soybeans were up 1 1/4 cents. December KC wheat closed up 9 1/4 cents, December Chicago wheat was up 9 3/4 cents, December Minneapolis wheat was up 3 3/4 cents.

Row-crop futures were mostly higher Tuesday following ugly price action Monday, particularly in the soybean complex as renewed bearish concerns on U.S. export share has gripped the market over the past several sessions. Corn, soybean, and wheat markets in the meanwhile have fallen back to chart support, which helped to slow the price plunge at least for Tuesday. In outside markets, equities were mixed in quiet trade while crude oil futures led the energy sector higher following a 4-day skid, again finding price support near $62 per barrel.

The live cattle complex traded mixed into Tuesday's closing bell, seeming as though the nearby contracts were hesitant to advance, as the market questions whether or not it has enough support to surpass current resistance levels. Meanwhile, the deferred contracts traded fully higher, with once again the furthest deferred months seeing the greatest gains. No developments have surfaced in the fed cash cattle market, as it's most likely that trade will be delayed until later in the week.

The live cattle contracts may have been feeling some resistance pressure, but the feeder cattle contracts were trading higher -- full steam ahead. It was interesting to note as well that the morale in the countryside was stronger, as prices were mostly higher across all weight classes. More than anything, it seemed as though the support of the futures complex reassured buyers to continue on with their bidding.

It was a breakout kind of morning for the lean hog contracts as traders have pushed the contracts well beyond their previous resistance thresholds. If the market is to maintain this elevated position, it will be imperative that demand holds strong and lends traders some additional fundamental support. Please also note that on Thursday, the Quarterly Hogs and Pigs report will be released from the USDA.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/23135852/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 4 1/2 cents and March corn was up 4 1/4 cents. November soybeans closed up 1 cents and January soybeans were up 1 1/4 cents. December KC wheat closed up 9 1/4 cents, December Chicago wheat was up 9 3/4 cents, December Minneapolis wheat was up 3 3/4 cents.Row-crop futures were mostly higher Tuesday following ugly price action Monday, particularly in the soybean complex as renewed bearish concerns on U.S. export share has gripped the market over the past several sessions. Corn, soybean, and wheat markets in the meanwhile have fallen back to chart support, which helped to slow the price plunge at least for Tuesday. In outside markets, equities were mixed in quiet trade while crude oil futures led the energy sector higher following a 4-day skid, again finding price support near $62 per barrel.LIVESTOCK:The live cattle complex traded mixed into Tuesday's closing bell, seeming as though the nearby contracts were hesitant to advance, as the market questions whether or not it has enough support to surpass current resistance levels. Meanwhile, the deferred contracts traded fully higher, with once again the furthest deferred months seeing the greatest gains. No developments have surfaced in the fed cash cattle market, as it's most likely that trade will be delayed until later in the week.The live cattle contracts may have been feeling some resistance pressure, but the feeder cattle contracts were trading higher -- full steam ahead. It was interesting to note as well that the morale in the countryside was stronger, as prices were mostly higher across all weight classes. More than anything, it seemed as though the support of the futures complex reassured buyers to continue on with their bidding.It was a breakout kind of morning for the lean hog contracts as traders have pushed the contracts well beyond their previous resistance thresholds. If the market is to maintain this elevated position, it will be imperative that demand holds strong and lends traders some additional fundamental support. Please also note that on Thursday, the Quarterly Hogs and Pigs report will be released from the USDA.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/23135852/web-closing-markets.mp3">Click HERE for audio</a>

Cattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. That level was near pre-report trade predictions and one percent below September 1, 2024. Most reports said that the September number shows historically tight U.S. supplies, but may also show farmers are starting to retain some heifers in the American cattle herd. 

State-by-state reports also show some higher numbers, including Texas at 91 percent compared to last year, Oklahoma at 95 percent, while Kansas is at 103 percent, and Iowa and Nebraska were at 105 percent compared to last year. Placements in feedlots during August totaled 1.78 million head, 10 percent below last year. Net placements were 1.7 million head. Fed cattle marketings in August reached 1.57 million head, 14 percent below last year and the lowest for August since 1996. 

By: NATHAN STUEDLECattle and calves on feed for the slaughter market in the United States for feedlots with a capacity of 1,000 or more head totaled 11.1 million head on September 1, 2025. That level was near pre-report trade predictions and one percent below September 1, 2024. Most reports said that the September number shows historically tight U.S. supplies, but may also show farmers are starting to retain some heifers in the American cattle herd. State-by-state reports also show some higher numbers, including Texas at 91 percent compared to last year, Oklahoma at 95 percent, while Kansas is at 103 percent, and Iowa and Nebraska were at 105 percent compared to last year. Placements in feedlots during August totaled 1.78 million head, 10 percent below last year. Net placements were 1.7 million head. Fed cattle marketings in August reached 1.57 million head, 14 percent below last year and the lowest for August since 1996.

U.S. cattle on feed down one percent

Mexico’s National Health Service confirmed a new case of New World screwworm less than 70 miles from the border between Mexico and the U.S. USDA says this is the farthest north the screwworm has advanced in Mexico during the current outbreak, and it is the most threatening to the American livestock industry. The location of the outbreak is on a major highway between Monterrey, Mexico, and Laredo, Texas. 

Colin Woodall, the CEO of the National Cattlemen’s Beef Association, says the news is deeply concerning. “The speed that the screwworm has moved through Mexico is a reminder that this pest poses a critical and urgent threat to America’s cattle producers,” he said. “We appreciate the USDA’s investment in resources to protect American agriculture and the FDA’s work to authorize emergency treatments for screwworm, and look forward to additional product approvals.” He also said it’s time to expedite the construction of a new sterile fly facility. 

Mexico’s National Health Service confirmed a new case of New World screwworm less than 70 miles from the border between Mexico and the U.S. USDA says this is the farthest north the screwworm has advanced in Mexico during the current outbreak, and it is the most threatening to the American livestock industry. The location of the outbreak is on a major highway between Monterrey, Mexico, and Laredo, Texas. Colin Woodall, the CEO of the National Cattlemen’s Beef Association, says the news is deeply concerning. “The speed that the screwworm has moved through Mexico is a reminder that this pest poses a critical and urgent threat to America’s cattle producers,” he said. “We appreciate the USDA’s investment in resources to protect American agriculture and the FDA’s work to authorize emergency treatments for screwworm, and look forward to additional product approvals.” He also said it’s time to expedite the construction of a new sterile fly facility. -NAFB

Screwworm moves closer to U.S. border

December corn closed down 2 1/4 cents at $4.21 3/4 and March corn closed down 2 1/2 cents per bushel at $4.38 3/4 and November soybeans closed down 14 1/2 cents at $10.11 and January soybeans were down 14 1/4 cents at $10.30 1/2. December KC wheat closed down 5 cents at $5.02 1/4, December Chicago wheat was down 11 3/4 cents at $5.10 3/4 and December Minneapolis wheat was down 0.04 cents at $5.6375.

Corn, soybeans and wheat fell hard in unison Monday with soybeans and wheat leading the way down. November soybeans crashed through the 50-day moving average and plunged Monday, making it four consecutive days of losses. The fact that no China grain deal has yet to be inked, the advancing harvest of corn and beans, and rising world wheat supplies combined to weigh down ag markets at the start of the new week.

The live cattle complex was on fire this morning as the traders were celebrating Friday's bullish Cattle on Feed report and are optimistic about the news that is supposed to be released soon from the USDA on a plan to "help rebuild the American cattle supply, incentivize our great ranchers, and drive a full-scale revitalization of the American beef industry." The spot December contract is nearing its resistance pressure, which could cause traders some anxiety technically if they don't know what exactly is going to develop fundamentally this week or what the big announcement from the USDA is going to be. New showlists are higher in Nebraska/Colorado, steady in Texas, but lower in Kansas.

The feeder cattle complex traded limit higher in its furthest deferred months as traders clearly noted the lack of placements on Friday's Cattle on Feed report, and are extremely optimistic to see what the USDA is soon going to unveil. But in the meantime, the market is rocking and rolling as yet another bullish leg seems to have been added to the cattle market.

The lean hog complex traded mostly higher into Monday's closing bell as the market is pleased to again see that pork cutout values were higher this morning. The biggest help this morning in terms of pushing the carcass price higher was the belly's $5.18 jump, along with the $4.50 increase in the picnic.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/22140121/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 2 1/4 cents at $4.21 3/4 and March corn closed down 2 1/2 cents per bushel at $4.38 3/4 and November soybeans closed down 14 1/2 cents at $10.11 and January soybeans were down 14 1/4 cents at $10.30 1/2. December KC wheat closed down 5 cents at $5.02 1/4, December Chicago wheat was down 11 3/4 cents at $5.10 3/4 and December Minneapolis wheat was down 0.04 cents at $5.6375.Corn, soybeans and wheat fell hard in unison Monday with soybeans and wheat leading the way down. November soybeans crashed through the 50-day moving average and plunged Monday, making it four consecutive days of losses. The fact that no China grain deal has yet to be inked, the advancing harvest of corn and beans, and rising world wheat supplies combined to weigh down ag markets at the start of the new week.LIVESTOCK:The live cattle complex was on fire this morning as the traders were celebrating Friday's bullish Cattle on Feed report and are optimistic about the news that is supposed to be released soon from the USDA on a plan to "help rebuild the American cattle supply, incentivize our great ranchers, and drive a full-scale revitalization of the American beef industry." The spot December contract is nearing its resistance pressure, which could cause traders some anxiety technically if they don't know what exactly is going to develop fundamentally this week or what the big announcement from the USDA is going to be. New showlists are higher in Nebraska/Colorado, steady in Texas, but lower in Kansas.The feeder cattle complex traded limit higher in its furthest deferred months as traders clearly noted the lack of placements on Friday's Cattle on Feed report, and are extremely optimistic to see what the USDA is soon going to unveil. But in the meantime, the market is rocking and rolling as yet another bullish leg seems to have been added to the cattle market. The lean hog complex traded mostly higher into Monday's closing bell as the market is pleased to again see that pork cutout values were higher this morning. The biggest help this morning in terms of pushing the carcass price higher was the belly's $5.18 jump, along with the $4.50 increase in the picnic.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/22140121/web-closing-markets.mp3">Click HERE for audio</a>

An overwhelming majority of corn growers from across the United States say that the nation’s farm economy is possibly already in a crisis or on the brink of one, according to a new survey released by the National Corn Growers Association (NCGA). “Farmers are in a lot of economic pain right now” said Illinois farmer and NCGA President Kenneth Hartman Jr. We need members of Congress to act fast to remove barriers to markets. 

Passing legislation for the year-round, nationwide sale of higher blends of ethanol would be an important first step in addressing this problem.” In the survey of 1,034 farmers conducted by Farm Journal from Aug. 28 to Sept. 10, nearly half (46%) indicated that they believe the United States is on the brink of a farm crisis. A total of 80% of those surveyed indicated they believe the farm economy maybe or ‘is’ on the brink of a farm crisis. 

An overwhelming majority of corn growers from across the United States say that the nation’s farm economy is possibly already in a crisis or on the brink of one, according to a new survey released by the National Corn Growers Association (NCGA). “Farmers are in a lot of economic pain right now” said Illinois farmer and NCGA President Kenneth Hartman Jr. We need members of Congress to act fast to remove barriers to markets. Passing legislation for the year-round, nationwide sale of higher blends of ethanol would be an important first step in addressing this problem.” In the survey of 1,034 farmers conducted by Farm Journal from Aug. 28 to Sept. 10, nearly half (46%) indicated that they believe the United States is on the brink of a farm crisis. A total of 80% of those surveyed indicated they believe the farm economy maybe or ‘is’ on the brink of a farm crisis. -NAFB

Farmers report grim economic outlook

On Thursday, the U.S. Senate confirmed three nominees for critical positions at the U.S. Department of Agriculture (USDA). These nominees were included as part of a package of 48 subcabinet level nominees, all of whom received bipartisan support when they were considered by their respective committees. USA Rice reports, the final confirmation vote on the package of nominees was 51 to 47. 

The three USDA nominees include Richard Fordyce from northern Missouri, to serve as the Under Secretary for Farm Production and Conservation; Dudley Hoskins to serve as the Under Secretary for Marketing and Regulatory Programs; and Scott Hutchins to serve as the Under Secretary of Agriculture for Research, Education, and Economics.  “We are excited that Richard, Dudley, and Scott are finally getting approved by the full Senate so they can head these key farmer-facing mission areas at the USDA,” said Peter Bachmann, USA Rice President and CEO.

On Thursday, the U.S. Senate confirmed three nominees for critical positions at the U.S. Department of Agriculture (USDA). These nominees were included as part of a package of 48 subcabinet level nominees, all of whom received bipartisan support when they were considered by their respective committees. USA Rice reports, the final confirmation vote on the package of nominees was 51 to 47. The three USDA nominees include Richard Fordyce from northern Missouri, to serve as the Under Secretary for Farm Production and Conservation; Dudley Hoskins to serve as the Under Secretary for Marketing and Regulatory Programs; and Scott Hutchins to serve as the Under Secretary of Agriculture for Research, Education, and Economics. “We are excited that Richard, Dudley, and Scott are finally getting approved by the full Senate so they can head these key farmer-facing mission areas at the USDA,” said Peter Bachmann, USA Rice President and CEO.-NAFB

Senate confirms three key USDA nominees

December corn closed up 1/4 cents and March corn was down 1/4 cents. November soybeans closed down 12 cents and January soybeans were down 11 3/4 cents. December KC wheat closed down 2 3/4 cents, December Chicago wheat was down 1 3/4 cents, December Minneapolis wheat was down 4 1/4 cents.

December corn closed down 6 cents and March corn was down 6 cents. November soybeans closed down 20 3/4 cents and January soybeans were down 20 1/2 cents. December KC wheat closed down 7 1/2 cents, December Chicago wheat was down 1 cents and December Minneapolis wheat was down 4 1/4 cents.

It was a two-sided session across U.S. row-crop futures to close the week. Trade began with a general sense of optimism as the awaited phone call between President Trump and China's President Xi began right around 8 a.m. EDT Friday morning. Soybean futures raced to a 10-cent gain at one point before crashing by late morning to double-digit losses at one point after soybeans didn't appear to be near the top of the list of issues discussed between the two leaders. That being said, the talks did appear to be cause for some optimism as it is reported that Presidents Trump and Xi will meet in person in South Korea later this fall, and that President Trump would travel to China early in 2026, both positive signs in the trade relationship. For outside markets, the news of an approved deal on TikTok as well as the aforementioned other positives, sent equities higher to close the week, with a firmer U.S. dollar as well. Lastly, energy markets pressured ag futures to close the week, dropping for a third straight session as the Russian sanction bullish move has run its course for the time being amid ample world oil supplies.

The live cattle complex traded fully higher into Friday's closing bell as the marketplace has again found some favor from traders. Bids were on the table this morning in the fed cash cattle sector as more cattle needed to trade before the week's end. Asking prices were firm at $242 plus in the South and at $372 plus in the North. So far this week, a light trade took place in the North at $370, which is $6.00 lower than last week's weighted average. And yes, a regional packer did pay as much as $376, which is steady with last week's weighted average, but that was only on a few head. Some light trade did take place in the South at $240, which is steady to last week's weighted average as well. Do note that this afternoon, the monthly Cattle on Feed report will be shared, and the placement data will again be the wild card as pre-report estimates were all over the place.

And once again, the feeder cattle complex fell right in line with what the live cattle contracts are doing as traders push both markets higher. It is worth noting, however, that the market is again seeing the biggest day-over-day gains in the furthest deferred months as those contracts were trading as much as $4.00 higher.

The lean hog complex traded mostly higher into Friday's closing bell as traders are comfortable letting the complex chop sideways/slightly higher. It is helpful that midday pork cutout values were stronger, but it's unlikely and traders didn't do anything wild in the futures complex ahead of the weekend.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/19143240/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed up 1/4 cents and March corn was down 1/4 cents. November soybeans closed down 12 cents and January soybeans were down 11 3/4 cents. December KC wheat closed down 2 3/4 cents, December Chicago wheat was down 1 3/4 cents, December Minneapolis wheat was down 4 1/4 cents.For the week:December corn closed down 6 cents and March corn was down 6 cents. November soybeans closed down 20 3/4 cents and January soybeans were down 20 1/2 cents. December KC wheat closed down 7 1/2 cents, December Chicago wheat was down 1 cents and December Minneapolis wheat was down 4 1/4 cents.It was a two-sided session across U.S. row-crop futures to close the week. Trade began with a general sense of optimism as the awaited phone call between President Trump and China's President Xi began right around 8 a.m. EDT Friday morning. Soybean futures raced to a 10-cent gain at one point before crashing by late morning to double-digit losses at one point after soybeans didn't appear to be near the top of the list of issues discussed between the two leaders. That being said, the talks did appear to be cause for some optimism as it is reported that Presidents Trump and Xi will meet in person in South Korea later this fall, and that President Trump would travel to China early in 2026, both positive signs in the trade relationship. For outside markets, the news of an approved deal on TikTok as well as the aforementioned other positives, sent equities higher to close the week, with a firmer U.S. dollar as well. Lastly, energy markets pressured ag futures to close the week, dropping for a third straight session as the Russian sanction bullish move has run its course for the time being amid ample world oil supplies.LIVE CATTLE:The live cattle complex traded fully higher into Friday's closing bell as the marketplace has again found some favor from traders. Bids were on the table this morning in the fed cash cattle sector as more cattle needed to trade before the week's end. Asking prices were firm at $242 plus in the South and at $372 plus in the North. So far this week, a light trade took place in the North at $370, which is $6.00 lower than last week's weighted average. And yes, a regional packer did pay as much as $376, which is steady with last week's weighted average, but that was only on a few head. Some light trade did take place in the South at $240, which is steady to last week's weighted average as well. Do note that this afternoon, the monthly Cattle on Feed report will be shared, and the placement data will again be the wild card as pre-report estimates were all over the place.And once again, the feeder cattle complex fell right in line with what the live cattle contracts are doing as traders push both markets higher. It is worth noting, however, that the market is again seeing the biggest day-over-day gains in the furthest deferred months as those contracts were trading as much as $4.00 higher. The lean hog complex traded mostly higher into Friday's closing bell as traders are comfortable letting the complex chop sideways/slightly higher. It is helpful that midday pork cutout values were stronger, but it's unlikely and traders didn't do anything wild in the futures complex ahead of the weekend. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/09/19143240/web-closing-markets.mp3">Click HERE for audio</a>