Sounds of children learning, playing games and giggling filled Northwest Missouri State University’s Agricultural Learning Center this week as agricultural education majors hosted their second annual Ag Camp. About 150 children, spanning ages 5 through 10 and coming from locations throughout northwest Missouri and southwest Iowa attended the camp over three afternoons.

Emma Brushwood, a senior from Elsberry, Missouri, helped launch the camp last year and led it again this summer said, “I just want the kids to know where everything they use every single day comes from ag feeds us, ag clothes us, ag makes sure that we live every single day.” 

Using a classroom-based curriculum provided by Agriculture Education on the Move, Brushwood and four other agricultural education majors who are summer interns with the program led children through activities that taught them about crops, animals and other aspects of the field.

On Tuesday, campers created soybean germination necklaces and made plastic from a combination of cornstarch, water and oil. On Wednesday, campers learned about feed rations by creating a snack mix with varied cereals and Skittles and then studying the amount of fats, proteins, sugars and vitamins within the mix. Campers also made butter, examined the parts of a hard-boiled egg, and they put on blindfolds to try pinning a tail on a cardboard pig or placing horns on a paper goat head.

During the final day of the camp on Thursday, they got close-up looks at a calf, goats, pigs and sheep to reinforce some of the things they learned. Across the parking lot, they saw large farm equipment, including tractors, balers, a corn treater and a semi-truck while discussing potential careers in agriculture.

Sounds of children learning, playing games and giggling filled Northwest Missouri State University’s Agricultural Learning Center this week as agricultural education majors hosted their second annual Ag Camp. About 150 children, spanning ages 5 through 10 and coming from locations throughout northwest Missouri and southwest Iowa attended the camp over three afternoons.Emma Brushwood, a senior from Elsberry, Missouri, helped launch the camp last year and led it again this summer said, “I just want the kids to know where everything they use every single day comes from ag feeds us, ag clothes us, ag makes sure that we live every single day.” Using a classroom-based curriculum provided by Agriculture Education on the Move, Brushwood and four other agricultural education majors who are summer interns with the program led children through activities that taught them about crops, animals and other aspects of the field.On Tuesday, campers created soybean germination necklaces and made plastic from a combination of cornstarch, water and oil. On Wednesday, campers learned about feed rations by creating a snack mix with varied cereals and Skittles and then studying the amount of fats, proteins, sugars and vitamins within the mix. Campers also made butter, examined the parts of a hard-boiled egg, and they put on blindfolds to try pinning a tail on a cardboard pig or placing horns on a paper goat head.During the final day of the camp on Thursday, they got close-up looks at a calf, goats, pigs and sheep to reinforce some of the things they learned. Across the parking lot, they saw large farm equipment, including tractors, balers, a corn treater and a semi-truck while discussing potential careers in agriculture.

Day camp helps children learn about agriculture while students practice teaching skills

September corn closed down 16 3/4 cents and December corn was down 16 1/4 cents. August soybeans closed down 24 cents and November soybeans were down 28 1/2 cents. September KC wheat closed down 8 1/2 cents, September Chicago wheat was down 8 1/4 cents, September Minneapolis wheat was down 0 cents.

Another Monday, another very ugly day for price action across grain futures as traders came back from the Independence Day break eager to add short positions to their portfolios. In fact, September corn futures haven't opened a trading week with a positive session since May 19, while August soybean futures have also traded lower in five out of the past six Monday sessions. Traders were clearly frustrated that the most recent wave of trade optimism following the agreement with Vietnam last week didn't amount to further ag-centric announcements from President Trump. Meanwhile, growing season weather is friendly and market seasonality is firmly against prices at this point. Ag markets were not alone in expressing tariff and trade-related nervousness, as stock indices fell on Monday as well ahead of the July 9th tariff deadline, although it is appearing likely the deadline will be extended in some cases.

With the equity markets off to a strong start this week, the live cattle complex also pushed an impressive rally to start Monday's trade off strong. This week it will be interesting to note how fed cash cattle prices trend, as packers need to stay engaged enough in the market to avoid becoming short bought for the weeks ahead, but it's unlikely that the market will trade better than steady, as packers do have some immediate supply around them. It will also be interesting to note how boxed beef prices will trade as seasonally it's expected that demand should soften. New showlists appear to be mixed, higher in Nebraska/Colorado, but lower in Kansas and Texas.

The feeder cattle complex was aggressively traded higher into Monday's noon hour as most of the contracts traded anywhere from $2.00 to $3.00 higher. From a cow-calf producer's standpoint, it's stress-relieving to see the market trade higher, as again this week Superior Livestock Auction is going to be hosting their Week in the Rockies Sale. It will again help set the tone for what feeder cattle prices could be later this fall.

The lean hog complex traded mostly higher into Monday's noon hour as traders are pleased to see the slight uptick in pork demand. Last week, demand was sluggish, and it gravely affected the futures complex. Wild price swings were the theme of this morning's cutout report as the belly was up $13.83, the picnic was up $7.15 and the rib was up $4.76.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/07142117/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLEGRAINS:September corn closed down 16 3/4 cents and December corn was down 16 1/4 cents. August soybeans closed down 24 cents and November soybeans were down 28 1/2 cents. September KC wheat closed down 8 1/2 cents, September Chicago wheat was down 8 1/4 cents, September Minneapolis wheat was down 0 cents.Another Monday, another very ugly day for price action across grain futures as traders came back from the Independence Day break eager to add short positions to their portfolios. In fact, September corn futures haven't opened a trading week with a positive session since May 19, while August soybean futures have also traded lower in five out of the past six Monday sessions. Traders were clearly frustrated that the most recent wave of trade optimism following the agreement with Vietnam last week didn't amount to further ag-centric announcements from President Trump. Meanwhile, growing season weather is friendly and market seasonality is firmly against prices at this point. Ag markets were not alone in expressing tariff and trade-related nervousness, as stock indices fell on Monday as well ahead of the July 9th tariff deadline, although it is appearing likely the deadline will be extended in some cases.LIVESTOCK:With the equity markets off to a strong start this week, the live cattle complex also pushed an impressive rally to start Monday's trade off strong. This week it will be interesting to note how fed cash cattle prices trend, as packers need to stay engaged enough in the market to avoid becoming short bought for the weeks ahead, but it's unlikely that the market will trade better than steady, as packers do have some immediate supply around them. It will also be interesting to note how boxed beef prices will trade as seasonally it's expected that demand should soften. New showlists appear to be mixed, higher in Nebraska/Colorado, but lower in Kansas and Texas.The feeder cattle complex was aggressively traded higher into Monday's noon hour as most of the contracts traded anywhere from $2.00 to $3.00 higher. From a cow-calf producer's standpoint, it's stress-relieving to see the market trade higher, as again this week Superior Livestock Auction is going to be hosting their Week in the Rockies Sale. It will again help set the tone for what feeder cattle prices could be later this fall. The lean hog complex traded mostly higher into Monday's noon hour as traders are pleased to see the slight uptick in pork demand. Last week, demand was sluggish, and it gravely affected the futures complex. Wild price swings were the theme of this morning's cutout report as the belly was up $13.83, the picnic was up $7.15 and the rib was up $4.76.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/07142117/web-closing-markets.mp3">HERE</a> for audio

Commodity markets daily recap

University of Missouri Extension’s Crop and Pest Management Field Day on July 10th is an opportunity to learn about best management practices for the most important weed, insect and disease pests in corn and soybean, said MU Extension weed scientist Kevin Bradley.

Bradley and his team will share results and recommendations related to weed management during the event at the MU Bradford Research Farm in Columbia. Participants will also hear updates on the status of herbicide-resistant Johnsongrass and waterhemp in Missouri. Bradley will discuss the implications of these developments on weed management in future production systems. There is a $30 fee for the event, which includes guided tours through the research plots, lunch and refreshments. Registration begins at 7:30 the morning of the 10th.

University of Missouri Extension’s Crop and Pest Management Field Day on July 10th is an opportunity to learn about best management practices for the most important weed, insect and disease pests in corn and soybean, said MU Extension weed scientist Kevin Bradley.Bradley and his team will share results and recommendations related to weed management during the event at the MU Bradford Research Farm in Columbia. Participants will also hear updates on the status of herbicide-resistant Johnsongrass and waterhemp in Missouri. Bradley will discuss the implications of these developments on weed management in future production systems. There is a $30 fee for the event, which includes guided tours through the research plots, lunch and refreshments. Registration begins at 7:30 the morning of the 10th.-NAFB

Missouri extension’s crop and pest management field day

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

September corn closed up 14 cents and December corn was up 10 cents. August soybeans closed up 28 1/2 cents and November soybeans were up 24 1/2 cents. September KC wheat closed up 2 cents, September Chicago wheat was up 23 cents and September Minneapolis wheat was up 19 1/4 cents.

Grain and oilseed markets were mixed to mostly positive on Thursday. Markets closed moderately below daily highs amid technical resistance ahead of the long weekend, with traders not quite willing to extend bullish price bets to the next level with the nearby weather outlook still appearing mostly favorable for growing crops. At this point, the rally is primarily driven by short covering ahead of the holiday break, with no significant changes to the underlying fundamental picture for row crop markets. Meanwhile, investors and traders spent the session awaiting the final House of Representative vote on the 2025 Budget bill. The final vote was delayed but eventually the bill did pass just minutes after the close of trade for Thursday, sending the legislation to President Trump's desk by Independence Day.

It's refreshing to see the live cattle complex traded fully higher into Thursday's close, and to see the spot August contracts fully and confidently trading above the market's 40-day moving average. At this point, it seems safe to assume that traders feel as if the market has endured enough immediate pressure, but it will be imperative that fundamental support begins to improve early next week if traders are going to keep with their current upward trend. Unfortunately, it's unlikely that the fed cash cattle will be able to trade higher as packers continue to build up supply around themselves, and at some point, boxed beef prices will likely break to fit the seasonal norm.

With the continued support of seeing the live cattle contracts trading higher, the feeder cattle market also traded fully higher into Thursday's close. It will be especially interesting to see if Superior's Week in the Rockies sale (which happens all of next week) will be as strong as the Corn Belt Classic was. From a demand perspective, buyers are still in desperate need of calves, but the concern at the back of cow-calf producers' minds is that some buyers could elect to see how aggressive an influx of Mexican feeder cattle imports is going to be. And if that will give them another avenue to buy from and at a cheaper price.

It's been a tough fundamental week for the lean hog complex. Couple the dip in consumer demand with this morning's lousy export report, and it's no surprise that the contracts were trading lower into Thursday's closing bell. In this morning's pork cutout report, no major declines were seen, but with most of the cuts trading lower, that was enough pressure to push the carcass price lower, too.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/03150238/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLEGRAINS:September corn closed up 2 1/4 cents and December corn was up 3 1/2 cents. August soybeans closed up 2 cents and November soybeans were up 1 1/4 cents. September KC wheat closed down 6 1/4 cents, September Chicago wheat was down 7 1/4 cents, September Minneapolis wheat was down 1 3/4 cents.FOR THE WEEK:September corn closed up 14 cents and December corn was up 10 cents. August soybeans closed up 28 1/2 cents and November soybeans were up 24 1/2 cents. September KC wheat closed up 2 cents, September Chicago wheat was up 23 cents and September Minneapolis wheat was up 19 1/4 cents.Grain and oilseed markets were mixed to mostly positive on Thursday. Markets closed moderately below daily highs amid technical resistance ahead of the long weekend, with traders not quite willing to extend bullish price bets to the next level with the nearby weather outlook still appearing mostly favorable for growing crops. At this point, the rally is primarily driven by short covering ahead of the holiday break, with no significant changes to the underlying fundamental picture for row crop markets. Meanwhile, investors and traders spent the session awaiting the final House of Representative vote on the 2025 Budget bill. The final vote was delayed but eventually the bill did pass just minutes after the close of trade for Thursday, sending the legislation to President Trump's desk by Independence Day.LIVESTOCK:It's refreshing to see the live cattle complex traded fully higher into Thursday's close, and to see the spot August contracts fully and confidently trading above the market's 40-day moving average. At this point, it seems safe to assume that traders feel as if the market has endured enough immediate pressure, but it will be imperative that fundamental support begins to improve early next week if traders are going to keep with their current upward trend. Unfortunately, it's unlikely that the fed cash cattle will be able to trade higher as packers continue to build up supply around themselves, and at some point, boxed beef prices will likely break to fit the seasonal norm. With the continued support of seeing the live cattle contracts trading higher, the feeder cattle market also traded fully higher into Thursday's close. It will be especially interesting to see if Superior's Week in the Rockies sale (which happens all of next week) will be as strong as the Corn Belt Classic was. From a demand perspective, buyers are still in desperate need of calves, but the concern at the back of cow-calf producers' minds is that some buyers could elect to see how aggressive an influx of Mexican feeder cattle imports is going to be. And if that will give them another avenue to buy from and at a cheaper price.It's been a tough fundamental week for the lean hog complex. Couple the dip in consumer demand with this morning's lousy export report, and it's no surprise that the contracts were trading lower into Thursday's closing bell. In this morning's pork cutout report, no major declines were seen, but with most of the cuts trading lower, that was enough pressure to push the carcass price lower, too.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/03150238/web-closing-markets.mp3">HERE</a> for audio

The USDA will lead a trade mission to the Dominican Republic from July 13-17 to expand market access and boost America’s agricultural exports. The delegation includes 47 agribusinesses, trade organizations, and officials from several state departments of agriculture. Undersecretary for Trade and Foreign Affairs Michelle Bekkering, who will lead the mission said “USDA is committed to opening up more export opportunities for American agriculture. This trade mission will connect U.S. exporters with key buyers, tapping into Latin America’s growing demand"  

The Dominican Republic is the fourth-largest market for U.S. agricultural exports in the Western Hemisphere and the top market within the Central America Free Trade Agreement-Dominican Republic region. It’s helped increase U.S. exports to the Dominican Republic to $2.2 billion in 2024. The U.S. supplies 44 percent of the country’s agricultural imports.

The USDA will lead a trade mission to the Dominican Republic from July 13-17 to expand market access and boost America’s agricultural exports. The delegation includes 47 agribusinesses, trade organizations, and officials from several state departments of agriculture. Undersecretary for Trade and Foreign Affairs Michelle Bekkering, who will lead the mission said “USDA is committed to opening up more export opportunities for American agriculture. This trade mission will connect U.S. exporters with key buyers, tapping into Latin America’s growing demand" The Dominican Republic is the fourth-largest market for U.S. agricultural exports in the Western Hemisphere and the top market within the Central America Free Trade Agreement-Dominican Republic region. It’s helped increase U.S. exports to the Dominican Republic to $2.2 billion in 2024. The U.S. supplies 44 percent of the country’s agricultural imports.-NAFB

USDA trade mission heading to the Dominican Republic

As Americans fire up their grills on Independence Day and throughout the summer, the National Farmers Union highlights how little independence family farmers have in the marketplace. The “Farmers’ Share of the Food Dollar,” released this week, highlights how little family farmers earn compared to how much consumers pay at the grocery store. Family farmers get only a small fraction of their income from popular Independence Day foods, an average of as low as 16.3 percent of a $30 shopping cart. 

For example, one pound of ground beef costs an average of $5.99 a pound, and the farmer’s share is $2.08. An eight-count package of hamburger buns retails for $3.79, and the farmer’s share is nine cents, or 2.3 percent. One pound of lettuce is $3.55, and farmers get 29 cents. NFU President Rob Larew says, “Family farmers and ranchers are working harder than ever and taking home less, all while corporate monopolies make record profits.”

As Americans fire up their grills on Independence Day and throughout the summer, the National Farmers Union highlights how little independence family farmers have in the marketplace. The “Farmers’ Share of the Food Dollar,” released this week, highlights how little family farmers earn compared to how much consumers pay at the grocery store. Family farmers get only a small fraction of their income from popular Independence Day foods, an average of as low as 16.3 percent of a $30 shopping cart. For example, one pound of ground beef costs an average of $5.99 a pound, and the farmer’s share is $2.08. An eight-count package of hamburger buns retails for $3.79, and the farmer’s share is nine cents, or 2.3 percent. One pound of lettuce is $3.55, and farmers get 29 cents. NFU President Rob Larew says, “Family farmers and ranchers are working harder than ever and taking home less, all while corporate monopolies make record profits.”-NAFB

Family farmers don’t get much Independence on July 4th

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/02142633/30001-closing-markets.wav">HERE</a> to listen to audio for your closing markets

September corn closed up 12 cents and December corn was up 11 1/2 cents. August soybeans closed up 23 3/4 cents and November soybeans were up 20 3/4 cents. September KC wheat closed up 11 cents, September Chicago wheat was up 15 cents, September MIAX Minneapolis wheat was up 20 1/2 cents.

The U.S. Dollar Index is down 0.03 at 96.79. The Dow Jones Industrial Average is down 39.0 points at 44,768.0. August gold is up $13.10 at $3,362.90, September silver is up $0.34 at $36.74 and September copper is up $0.1090. August crude oil is up $1.95 at $67.40, August ultra-low sulfur diesel is up $0.0795, August RBOB gasoline is up $0.0207 and August natural gas is up $0.071.

September corn futures closed up 12 cents to $4.18. December futures were up 11 1/2 cents to $4.33 1/2. In overnight trade, September futures appeared primed to test the $4.00 mark again and traded as low as $4.02 before buyers stepped in to ultimately send prices up 16 cents off the low by the close. It could be we are seeing traders' express satisfaction that the surge in recent bearish bias for the corn market is adequately priced in at this point.

Tuesday's Grain Crushing's report was neutral for the most part. Corn used for ethanol in May was 449.4 million bushels (mb), in line with expectations but about 1.3% less than in May 2024. In fact, monthly corn grind has fallen below the respective month from 2024 in four out of the past six months. Corn grind will need to average 473 mb per month over the final quarter of the marketing year to hit the USDA goal of 5.5 billion bushels (bb). At this point this seems like a stretch; I personally have lowered my estimate for 2024-25 corn crush to 5.45 bb. The Energy Information Administration reported Wednesday that last week's ethanol production averaged 1.076 million barrels per day, the third straight weekly decline but still larger than the previous 4-year average for the same week.

In corn technicals, December futures rose to post their highest close since June 23. Prices once again were supported in the $4.15 to $4.20 range. The close back above the former contract low at $4.28 is a positive technical achievement. The short-term bullish objective should be to return prices to downtrend resistance in the upper $4.30s.

The DTN National Corn Index finished Tuesday at $3.92. Wednesday's futures close and implied corn basis of 14 cents under the September board would indicate the index on Wednesday afternoon to be near $4.04.

August soybeans surged 23 3/4 cents on Wednesday to $10.53 1/2. New-crop November soybeans followed suit, up 20 3/4 cents to $10.48. It was all around bullish session for the soybean complex as soybean oil futures started the session strong with a gap higher, pulling soybeans along for the ride but the market really took off midmorning with the announcement of the trade deal with Vietnam, which injected a new shot of trade optimism into the market.

Tuesday's Fats and Oils report was overall strong. USDA reported soybeans crushed in May totaled 203.68 mb, just slightly less than I was anticipating but still the strongest May on record at 6% higher than May 2024. The U.S. crush industry has only posted two months through the marketing year thus far at less than 200 mb, keeping the program on pace to hit the USDA goal of 2.420 bb of crush if not slightly more. I personally am penciling 2.425 bb for the marketing year. Also supportive were historically low soybean oil stocks for the end of May/beginning of June at 1.4 billion pounds, 19% less than in May 2024. Meanwhile meal stocks were 36% larger than in May 2024, adding to supply woes in that market. However, meal futures traded higher Wednesday as well amid a very technically oversold market in the short term as well as overwhelmingly positive influence from the soybean market.

In regard to the trade agreement with Vietnam, it is possible traders are viewing it more as a show of optimism that similar agreements will ultimately be reached with trading partners such as Japan and most importantly for soybeans, China. Vietnam is certainly no slouch in the soybean trade however, importing 38.75 mb of soybeans from the U.S. in 2024, good for ninth among buying countries.

In soybean technicals, November futures erupted through the major moving averages in the $10.35 to $10.40 range and have now reclaimed about 50% of last week's losses back to the June 18 high. $10.50 may be the next source of resistance for a sustained move higher. To the downside, a test of the 50-day moving average near $10.36 1/2 currently for support seems likely and will be an important technical test for gauging the staying power of the emerging price rally.

The DTN National Soybean Index finished Tuesday at $9.76. Wednesday's futures close and implied soybean basis of 54 cents under the August board would indicate the index on Wednesday afternoon to be near $10.00.

September Kansas City wheat closed 11 cents higher on Wednesday to $5.42 1/4. September Chicago wheat was 15 cents higher while MIAX Minneapolis September spring wheat was 20 1/2 cents higher. The spring wheat market continues to be the bull of the wheat complex, driven by lower year-over-year acreage and expanding drought concerns for Montana, Idaho, and eastern Washington. Winter wheat prices were able to shake off harvest pressure on Wednesday, riding a wave of overarching grain market positivity to close higher by double digits as well.

In world wheat markets, Paris milling futures recovered from a rough past week of trade which sent prices back near 2025 lows. The intense heat wave may be worth keeping an eye on for adverse effects, although the majority of the wheat is mature at this point and harvest just around the corner. In Russia, the International Grains Council (IGC) reported winter wheat harvest is 1% complete as of the end of June, a slow start to harvest which supported export offers through the past week although Russian offers still remain among the least expensive in the world according to the weekly IGC report.

In wheat technicals, September KC futures were able to move back above support at $5.37 on Wednesday, which will be an important level to watch for a retest in coming sessions. The 20-day and 50-day moving averages just below $5.50 are the immediate bullish target for a further retracement of last week's losses. The next round of support is currently seen near $4.27.

By MATT PIKEClick <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/02142633/30001-closing-markets.wav">HERE</a> to listen to audio for your closing marketsGENERAL COMMENTS:September corn closed up 12 cents and December corn was up 11 1/2 cents. August soybeans closed up 23 3/4 cents and November soybeans were up 20 3/4 cents. September KC wheat closed up 11 cents, September Chicago wheat was up 15 cents, September MIAX Minneapolis wheat was up 20 1/2 cents.The U.S. Dollar Index is down 0.03 at 96.79. The Dow Jones Industrial Average is down 39.0 points at 44,768.0. August gold is up $13.10 at $3,362.90, September silver is up $0.34 at $36.74 and September copper is up $0.1090. August crude oil is up $1.95 at $67.40, August ultra-low sulfur diesel is up $0.0795, August RBOB gasoline is up $0.0207 and August natural gas is up $0.071.CORN:September corn futures closed up 12 cents to $4.18. December futures were up 11 1/2 cents to $4.33 1/2. In overnight trade, September futures appeared primed to test the $4.00 mark again and traded as low as $4.02 before buyers stepped in to ultimately send prices up 16 cents off the low by the close. It could be we are seeing traders' express satisfaction that the surge in recent bearish bias for the corn market is adequately priced in at this point.Tuesday's Grain Crushing's report was neutral for the most part. Corn used for ethanol in May was 449.4 million bushels (mb), in line with expectations but about 1.3% less than in May 2024. In fact, monthly corn grind has fallen below the respective month from 2024 in four out of the past six months. Corn grind will need to average 473 mb per month over the final quarter of the marketing year to hit the USDA goal of 5.5 billion bushels (bb). At this point this seems like a stretch; I personally have lowered my estimate for 2024-25 corn crush to 5.45 bb. The Energy Information Administration reported Wednesday that last week's ethanol production averaged 1.076 million barrels per day, the third straight weekly decline but still larger than the previous 4-year average for the same week.In corn technicals, December futures rose to post their highest close since June 23. Prices once again were supported in the $4.15 to $4.20 range. The close back above the former contract low at $4.28 is a positive technical achievement. The short-term bullish objective should be to return prices to downtrend resistance in the upper $4.30s.The DTN National Corn Index finished Tuesday at $3.92. Wednesday's futures close and implied corn basis of 14 cents under the September board would indicate the index on Wednesday afternoon to be near $4.04.SOYBEANS:August soybeans surged 23 3/4 cents on Wednesday to $10.53 1/2. New-crop November soybeans followed suit, up 20 3/4 cents to $10.48. It was all around bullish session for the soybean complex as soybean oil futures started the session strong with a gap higher, pulling soybeans along for the ride but the market really took off midmorning with the announcement of the trade deal with Vietnam, which injected a new shot of trade optimism into the market.Tuesday's Fats and Oils report was overall strong. USDA reported soybeans crushed in May totaled 203.68 mb, just slightly less than I was anticipating but still the strongest May on record at 6% higher than May 2024. The U.S. crush industry has only posted two months through the marketing year thus far at less than 200 mb, keeping the program on pace to hit the USDA goal of 2.420 bb of crush if not slightly more. I personally am penciling 2.425 bb for the marketing year. Also supportive were historically low soybean oil stocks for the end of May/beginning of June at 1.4 billion pounds, 19% less than in May 2024. Meanwhile meal stocks were 36% larger than in May 2024, adding to supply woes in that market. However, meal futures traded higher Wednesday as well amid a very technically oversold market in the short term as well as overwhelmingly positive influence from the soybean market.In regard to the trade agreement with Vietnam, it is possible traders are viewing it more as a show of optimism that similar agreements will ultimately be reached with trading partners such as Japan and most importantly for soybeans, China. Vietnam is certainly no slouch in the soybean trade however, importing 38.75 mb of soybeans from the U.S. in 2024, good for ninth among buying countries.In soybean technicals, November futures erupted through the major moving averages in the $10.35 to $10.40 range and have now reclaimed about 50% of last week's losses back to the June 18 high. $10.50 may be the next source of resistance for a sustained move higher. To the downside, a test of the 50-day moving average near $10.36 1/2 currently for support seems likely and will be an important technical test for gauging the staying power of the emerging price rally.The DTN National Soybean Index finished Tuesday at $9.76. Wednesday's futures close and implied soybean basis of 54 cents under the August board would indicate the index on Wednesday afternoon to be near $10.00.WHEAT:September Kansas City wheat closed 11 cents higher on Wednesday to $5.42 1/4. September Chicago wheat was 15 cents higher while MIAX Minneapolis September spring wheat was 20 1/2 cents higher. The spring wheat market continues to be the bull of the wheat complex, driven by lower year-over-year acreage and expanding drought concerns for Montana, Idaho, and eastern Washington. Winter wheat prices were able to shake off harvest pressure on Wednesday, riding a wave of overarching grain market positivity to close higher by double digits as well.In world wheat markets, Paris milling futures recovered from a rough past week of trade which sent prices back near 2025 lows. The intense heat wave may be worth keeping an eye on for adverse effects, although the majority of the wheat is mature at this point and harvest just around the corner. In Russia, the International Grains Council (IGC) reported winter wheat harvest is 1% complete as of the end of June, a slow start to harvest which supported export offers through the past week although Russian offers still remain among the least expensive in the world according to the weekly IGC report.In wheat technicals, September KC futures were able to move back above support at $5.37 on Wednesday, which will be an important level to watch for a retest in coming sessions. The 20-day and 50-day moving averages just below $5.50 are the immediate bullish target for a further retracement of last week's losses. The next round of support is currently seen near $4.27.

Ag Secretary Brooke Rollins announced risk-based port re-openings for cattle, bison, and equines from Mexico beginning as early as July 7. USDA - after extensive collaboration between the Animal and Plant Health Inspection Service experts and their counterparts in Mexico to increase New World screwworm surveillance, detection, and eradication efforts - is set to begin a phased reopening of the southern ports, starting with Douglas, Arizona. 

Progress has been made in several critical areas since the ports were closed on May 11, including the resolution of challenges with conducting flights in Mexico that allowed the USDA team to consistently conduct sterile NWS fly dispersal seven days a week and the dispersal of more than 100 million flies each week. “We’ve focused on fighting the New World screwworm’s advancement in Mexico,” Rollins said. “We have made good progress with our counterparts in Mexico to increase surveillance efforts and have boosted sterile fly dispersal efforts.”

Ag Secretary Brooke Rollins announced risk-based port re-openings for cattle, bison, and equines from Mexico beginning as early as July 7. USDA - after extensive collaboration between the Animal and Plant Health Inspection Service experts and their counterparts in Mexico to increase New World screwworm surveillance, detection, and eradication efforts - is set to begin a phased reopening of the southern ports, starting with Douglas, Arizona. Progress has been made in several critical areas since the ports were closed on May 11, including the resolution of challenges with conducting flights in Mexico that allowed the USDA team to consistently conduct sterile NWS fly dispersal seven days a week and the dispersal of more than 100 million flies each week. “We’ve focused on fighting the New World screwworm’s advancement in Mexico,” Rollins said. “We have made good progress with our counterparts in Mexico to increase surveillance efforts and have boosted sterile fly dispersal efforts.”-NAFB

Phased reopening for southern livestock imports

Farmer sentiment weakened in June following two months of improvement. The Purdue University/CME Group Ag Economy Barometer dropped 12 points from the previous month to 146. A change in producers’ expectations for the future served as the primary factor in the shift. The Index of Future Expectations sank 18 points to 146. However, the Current Conditions Index only lost two points to 144. 

A drop in optimism about future agricultural exports seems to have influenced producers’ weakened outlook. Even with the June declines, all three indexes persist at higher levels than a year ago. The Farm Financial Performance Index dropped five points to 104, with producers projecting a slightly weaker financial outlook for their farms in June compared to May. An index above 100 indicates that U.S. farmers expect a stronger financial performance in 2025 than in 2024. The Farm Capital Investment Index rose five points in June to 60. 

Farmer sentiment weakened in June following two months of improvement. The Purdue University/CME Group Ag Economy Barometer dropped 12 points from the previous month to 146. A change in producers’ expectations for the future served as the primary factor in the shift. The Index of Future Expectations sank 18 points to 146. However, the Current Conditions Index only lost two points to 144. A drop in optimism about future agricultural exports seems to have influenced producers’ weakened outlook. Even with the June declines, all three indexes persist at higher levels than a year ago. The Farm Financial Performance Index dropped five points to 104, with producers projecting a slightly weaker financial outlook for their farms in June compared to May. An index above 100 indicates that U.S. farmers expect a stronger financial performance in 2025 than in 2024. The Farm Capital Investment Index rose five points in June to 60. -NAFB

Farmer sentiment weakens on trade outlook 

September corn closed down 3 1/4 cents and December corn was down 3 1/2 cents. August soybeans closed unchanged, and November soybeans were up 1/4 cent. September KC wheat closed up 4 1/2 cents, September Chicago wheat was up 10 3/4 cents and September Minneapolis wheat was up 7 3/4 cents.

Grain and oilseed markets recovered from overnight losses to trade well off session lows, with price action following USDA clues given in Monday's Crop Progress report. For now, it would appear markets have moved past Monday's Acreage and Stocks data, with traders likely eager to see what the weather holds as spring crops prepare to enter a crucial period for development. Outside market influence on Tuesday was mixed, with energy markets quietly higher and stocks mixed to mostly higher. Headline news for Tuesday was the Senate passing President Trump's budget bill by a vote of 51-50, with Vice President Vance casting the deciding vote. The bill now returns to the House, where Senate revisions will be voted on.

Although the live cattle contracts did not react as drastically as the feeder cattle contracts to the USDA's announcement that some Mexican cattle imports will resume as early as July 5. The market still traded lower thanks to the bearish news. Still no cash cattle trade has developed. Asking prices are noted in the South at $225-plus, but are still not established in the North. Trade will likely be delayed for at least another day.

And just like that, the oxygen that seemed so bountiful in the feeder cattle complex has dried up as traders negatively reacted to the announcement that the US will begin to allow Mexican cattle Imports starting as soon as July 5. Nevertheless, the biggest concern that cattle producers have is how many cattle are now going to be allowed to cross the border? And how is that going to affect domestic prices? Unfortunately, time will have to answer those questions, but today's negative downturn is a psychological reaction to the announcement. The fact remains that even with Mexican feeder cattle imports, the US still will be short of feeder cattle, but the concern is that if imports flood the market, some of the upper echelon of the market could quickly disappear.

With cash prices lower and pork cutout values sharply lower, it comes as no real surprise that the lean hog complex is also traded no better than mixed into Tuesday's closing bell. Oddly enough today the biggest reason why the carcass price is lower is because the belly wass down $9.10 and the butt was down $6.69.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/01143749/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLEGRAINS:September corn closed down 3 1/4 cents and December corn was down 3 1/2 cents. August soybeans closed unchanged, and November soybeans were up 1/4 cent. September KC wheat closed up 4 1/2 cents, September Chicago wheat was up 10 3/4 cents and September Minneapolis wheat was up 7 3/4 cents.Grain and oilseed markets recovered from overnight losses to trade well off session lows, with price action following USDA clues given in Monday's Crop Progress report. For now, it would appear markets have moved past Monday's Acreage and Stocks data, with traders likely eager to see what the weather holds as spring crops prepare to enter a crucial period for development. Outside market influence on Tuesday was mixed, with energy markets quietly higher and stocks mixed to mostly higher. Headline news for Tuesday was the Senate passing President Trump's budget bill by a vote of 51-50, with Vice President Vance casting the deciding vote. The bill now returns to the House, where Senate revisions will be voted on.LIVESTOCK:Although the live cattle contracts did not react as drastically as the feeder cattle contracts to the USDA's announcement that some Mexican cattle imports will resume as early as July 5. The market still traded lower thanks to the bearish news. Still no cash cattle trade has developed. Asking prices are noted in the South at $225-plus, but are still not established in the North. Trade will likely be delayed for at least another day.And just like that, the oxygen that seemed so bountiful in the feeder cattle complex has dried up as traders negatively reacted to the announcement that the US will begin to allow Mexican cattle Imports starting as soon as July 5. Nevertheless, the biggest concern that cattle producers have is how many cattle are now going to be allowed to cross the border? And how is that going to affect domestic prices? Unfortunately, time will have to answer those questions, but today's negative downturn is a psychological reaction to the announcement. The fact remains that even with Mexican feeder cattle imports, the US still will be short of feeder cattle, but the concern is that if imports flood the market, some of the upper echelon of the market could quickly disappear.With cash prices lower and pork cutout values sharply lower, it comes as no real surprise that the lean hog complex is also traded no better than mixed into Tuesday's closing bell. Oddly enough today the biggest reason why the carcass price is lower is because the belly wass down $9.10 and the butt was down $6.69.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/07/01143749/web-closing-markets.mp3">HERE</a> for audio

Growth Energy says Americans will potentially save over $10.1 billion in fuel costs this summer thanks to an emergency waiver issued this year by the Environmental Protection Agency. The waiver allowed for the continued sale of E15 throughout the summer. An analysis from Growth Energy says if American drivers choose E15 instead of the standard E10 this summer, they could collectively save more than 10.1 billion dollars. 

“Access to E15 is a win for American drivers and for American energy dominance,” said Growth Energy CEO Emily Skor. “This summer, up to $10.1 billion dollars is money that could go back into the pockets of working families, and we should never put those savings on hold.” Now that the waiver is in place, Growth Energy is pushing for Congress to make unrestricted access to E15 available year-round. Those savings will deliver relief for working families while creating jobs and economic growth. 

Growth Energy says Americans will potentially save over $10.1 billion in fuel costs this summer thanks to an emergency waiver issued this year by the Environmental Protection Agency. The waiver allowed for the continued sale of E15 throughout the summer. An analysis from Growth Energy says if American drivers choose E15 instead of the standard E10 this summer, they could collectively save more than 10.1 billion dollars. “Access to E15 is a win for American drivers and for American energy dominance,” said Growth Energy CEO Emily Skor. “This summer, up to $10.1 billion dollars is money that could go back into the pockets of working families, and we should never put those savings on hold.” Now that the waiver is in place, Growth Energy is pushing for Congress to make unrestricted access to E15 available year-round. Those savings will deliver relief for working families while creating jobs and economic growth. -NAFB

Summer E15 waiver will save billions of dollars

The USDA’s Planted Acreage report shows more corn and fewer soybeans, wheat, and cotton acres. Corn planted area is estimated at just over 95 million acres in 2025, up by five percent from 2024. That’s the third-highest planted acres in the U.S. since 1944. The area harvested for grain is expected to be five percent higher than last year at nearly 87 million acres. 

Soybean planted area for 2025 is estimated at 83.5 million acres, down four percent from last year. The all-wheat planted area this year is estimated at 45.5 million acres, down one percent from 2024. The winter wheat planted area, at 33.3 million acres, is down less than one percent from last year but up slightly from the prior estimate. The all-cotton planted area for this year is estimated at 10.1 million acres, down ten percent from last year. The upland area is down nine percent from 2024.

The USDA’s Planted Acreage report shows more corn and fewer soybeans, wheat, and cotton acres. Corn planted area is estimated at just over 95 million acres in 2025, up by five percent from 2024. That’s the third-highest planted acres in the U.S. since 1944. The area harvested for grain is expected to be five percent higher than last year at nearly 87 million acres. Soybean planted area for 2025 is estimated at 83.5 million acres, down four percent from last year. The all-wheat planted area this year is estimated at 45.5 million acres, down one percent from 2024. The winter wheat planted area, at 33.3 million acres, is down less than one percent from last year but up slightly from the prior estimate. The all-cotton planted area for this year is estimated at 10.1 million acres, down ten percent from last year. The upland area is down nine percent from 2024.-NAFB

Planted acreage report more corn, fewer soybeans

September corn closed down 2 1/4 cents and December corn was down 1 1/2 cents. August soybeans closed down 3 1/2 cents and November soybeans were up 2 1/4 cents. September KC wheat closed down 7 cents, September Chicago wheat was down 2 1/2 cents, September Minneapolis wheat was down 7 1/4 cents.

Grain markets were choppy but surprisingly calm following the release of the 2025 Acreage report and June 1 Stocks reports from USDA. The reports did hold a few surprises, but for the most part came in very close to what traders expected. It is likely the market will shift focus back to growing season weather and winter wheat harvests beginning with Monday afternoon's Crop Progress update from USDA. In outside markets, equities were firm following the announced resumption of trade discussions between the United States and Canada after Friday's ultimately brief spat over digital services tax. Meanwhile, energy markets remain an extremely narrow trade for the past four sessions following the ceasefire between Israel and Iran. The U.S. Dollar Index is pushing to new 2025 lows as market anxiety over tariffs and trade has returned to some degree ahead of the July 9 deadline for the 90-day tariff pause, with President Trump stating over the weekend there are no plans to extend the pause in most instances.

Believe it or not, the live cattle complex traded higher into Monday's close, following the large surge in which the market accomplished last Friday. More than anything traders seem to be looking at the market's regression and seem to believe that enough immediate downside pressure has been endured for the meantime. Now what's perplexing about that conclusion is that traders are willing to advance the contracts amid mixed market fundamentals: boxed beef prices continue to scale higher while fed cash cattle prices are drifting lower. Thankfully Friday's surge of the contracts helped push the spot August contract back above its 40-day moving average, which will continue to be a threshold to monitor. New showlists appear to be mixed, higher in Texas, and Nebraska/Colorado, but lower in Kansas.

Following the lead of the live cattle complex, the feeder cattle contracts also traded fully higher into Monday's closing bell. But even though the fed cash cattle market has been trading lower in recent weeks, the feeder cattle complex has remained consistent in the countryside as buyers continue to show up and buy aggressively as they need to fill their orders and there simply aren't enough calves to go around to do so in a relaxed manner. Given that this week is a holiday-shortened week for the Fourth of July, feeder cattle sales will be light.

While the cattle contracts were rallying, the lean hog complex continued with its downward trend as the market isn't seeing the fundamental support it needs currently. Pork cutout values were disturbing to look at this morning as the rib was down $16.25 and the ham down $6.79.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/30155024/web-closing-markets-1.mp3">HERE</a> for audio

By: NATHAN STUEDLEGRAINS:September corn closed down 2 1/4 cents and December corn was down 1 1/2 cents. August soybeans closed down 3 1/2 cents and November soybeans were up 2 1/4 cents. September KC wheat closed down 7 cents, September Chicago wheat was down 2 1/2 cents, September Minneapolis wheat was down 7 1/4 cents.Grain markets were choppy but surprisingly calm following the release of the 2025 Acreage report and June 1 Stocks reports from USDA. The reports did hold a few surprises, but for the most part came in very close to what traders expected. It is likely the market will shift focus back to growing season weather and winter wheat harvests beginning with Monday afternoon's Crop Progress update from USDA. In outside markets, equities were firm following the announced resumption of trade discussions between the United States and Canada after Friday's ultimately brief spat over digital services tax. Meanwhile, energy markets remain an extremely narrow trade for the past four sessions following the ceasefire between Israel and Iran. The U.S. Dollar Index is pushing to new 2025 lows as market anxiety over tariffs and trade has returned to some degree ahead of the July 9 deadline for the 90-day tariff pause, with President Trump stating over the weekend there are no plans to extend the pause in most instances.LIVESTOCK:Believe it or not, the live cattle complex traded higher into Monday's close, following the large surge in which the market accomplished last Friday. More than anything traders seem to be looking at the market's regression and seem to believe that enough immediate downside pressure has been endured for the meantime. Now what's perplexing about that conclusion is that traders are willing to advance the contracts amid mixed market fundamentals: boxed beef prices continue to scale higher while fed cash cattle prices are drifting lower. Thankfully Friday's surge of the contracts helped push the spot August contract back above its 40-day moving average, which will continue to be a threshold to monitor. New showlists appear to be mixed, higher in Texas, and Nebraska/Colorado, but lower in Kansas.Following the lead of the live cattle complex, the feeder cattle contracts also traded fully higher into Monday's closing bell. But even though the fed cash cattle market has been trading lower in recent weeks, the feeder cattle complex has remained consistent in the countryside as buyers continue to show up and buy aggressively as they need to fill their orders and there simply aren't enough calves to go around to do so in a relaxed manner. Given that this week is a holiday-shortened week for the Fourth of July, feeder cattle sales will be light.While the cattle contracts were rallying, the lean hog complex continued with its downward trend as the market isn't seeing the fundamental support it needs currently. Pork cutout values were disturbing to look at this morning as the rib was down $16.25 and the ham down $6.79.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/30155024/web-closing-markets-1.mp3">HERE</a> for audio

U.S. ranchers are moving to expand their herds from a seven-decade low, paving the way for a long-awaited recovery in beef supplies, according to top producer JBS. Wesley Batista Filho, chief executive officer of the Brazilian company’s North American business, said, “We are into herd rebuild right now. The economic incentives are there, and the weather is helping.” That’s much-needed news for both meatpackers and consumers. 

A severe shortage in the world’s largest producer has sent cattle costs surging, wiping out billions in profits for companies such as JBS, Cargill and Tyson Foods, while driving record beef prices at grocery stores. The move is backed up by a recent reduction in the number of female cows being sent to slaughter, which indicates more of them are being held for procreation, according to Batista. Still, it will take years for cattle supplies to recover, with no meaningful increase expected before 2027.

U.S. ranchers are moving to expand their herds from a seven-decade low, paving the way for a long-awaited recovery in beef supplies, according to top producer JBS. Wesley Batista Filho, chief executive officer of the Brazilian company’s North American business, said, “We are into herd rebuild right now. The economic incentives are there, and the weather is helping.” That’s much-needed news for both meatpackers and consumers. A severe shortage in the world’s largest producer has sent cattle costs surging, wiping out billions in profits for companies such as JBS, Cargill and Tyson Foods, while driving record beef prices at grocery stores. The move is backed up by a recent reduction in the number of female cows being sent to slaughter, which indicates more of them are being held for procreation, according to Batista. Still, it will take years for cattle supplies to recover, with no meaningful increase expected before 2027.-NAFB

Cattle herd rebuild is underway

Kochia, a highly competitive weed well adapted to the Great Plains and western regions of the U.S. and Canada, has made its way to Missouri soybean fields. Wayne Flanary, University of Missouri Extension field specialist in agronomy, discovered large, scattered kochia plants in soybean fields in Atchison County, which borders Iowa to the north and Nebraska to the west. 

He noted that flooding along the Missouri River and its tributaries likely carried the weed into agricultural fields. Though the weed species is not new to Missouri, this may be the first report of kochia showing up in cropland in the state. Reports say the weed grows rapidly and aggressively outcompetes crops for water, nutrients and sunlight. It's also drought tolerant, producing up to 30,000 seeds per plant. These seeds have potential to germinate quickly -- within two or three hours under the right conditions.

Kochia, a highly competitive weed well adapted to the Great Plains and western regions of the U.S. and Canada, has made its way to Missouri soybean fields. Wayne Flanary, University of Missouri Extension field specialist in agronomy, discovered large, scattered kochia plants in soybean fields in Atchison County, which borders Iowa to the north and Nebraska to the west. He noted that flooding along the Missouri River and its tributaries likely carried the weed into agricultural fields. Though the weed species is not new to Missouri, this may be the first report of kochia showing up in cropland in the state. Reports say the weed grows rapidly and aggressively outcompetes crops for water, nutrients and sunlight. It's also drought tolerant, producing up to 30,000 seeds per plant. These seeds have potential to germinate quickly -- within two or three hours under the right conditions.-NAFB

Kochia found in Missouri soybean fields

September corn closed up 7 1/2 cents and December corn was up 6 cents. August soybeans closed up 5 1/2 cents and November soybeans were up 8 1/4 cents. September KC wheat closed unchanged, 0 cents, September Chicago wheat was up 4 cents, September Minneapolis wheat was up 2 1/2 cents.

September corn closed down 11 1/4 cents and December corn was down 14 1/4 cents. August soybeans closed down 40 1/4 cents and November soybeans were down 36 cents. September KC wheat closed down 47 1/4 cents, September Chicago wheat was down 43 cents and September Minneapolis wheat was down 30 3/4 cent

It was a mostly positive session across agricultural futures to close the week as traders seem satisfied for the time being with the risk removed from the market over the past week and took a pause Friday to cash in some short positions ahead of the weekend and also ahead of Monday morning's USDA reports that hold the chance for increased volatility. Outside markets were mixed, as stock indices rose and the S&amp;P 500 set a new record high following the announcement from the Trump administration and subsequent confirmation from Chinese officials that the two countries had signed an agreement earlier this week to loosen trade restrictions with rare earths reportedly the focal point. Meanwhile, energy markets continue a quiet trade since the ceasefire between Israel and Iran was announced earlier this week.

Live cattle futures have followed the feeder cattle market higher, posting the first active gain in the complex in over a week. August futures lead the shift higher, as traders continue to focus on moderate to strong support still holding in wholesale beef prices. Triple-digit gains are seen through the entire complex as traders have found renewed support at $209 per cwt in August futures contracts. This underlying support through the entire market at the end of the week could help to solidify follow-through buying early next week. Although volume next week is still questionable, with the end of the month, and quarter seen early in the week, and markets closed at the end of the week due to the Independence Day holiday break.

Feeder cattle futures have rallied higher Friday, with active triple-digit gains seen in all contracts. August futures are leading the complex higher, with prices moving well above $305 per cwt during morning trade. The ability to string together three positive market gains earlier this week following strong pressure the previous week has helped to create stability through the feeder cattle market and allowed traders to use previous price levels as support levels. Although this is still well below recent highs, the feeder cattle complex could potentially spend the next few weeks hovering within the current market range. Strong beef demand continues to be seen through the summer months, with active buyer support in feeder cattle buying likely to continue in the near future.

Lean hog futures were mixed in lackluster trade Friday. Summer contracts were posting light to moderate gains Friday morning on strong financial market moves and indications that positive gains are seen in trade talks with China. October through April contracts were holding light losses as follow-through pressure after the hogs and pigs report Thursday limited buyer interest. Traders continue to be slightly disappointed that overall hog numbers have not eased. However, many of the adjustments seen Friday seem to be focused on backing away from pre-report positions rather than any major shift in market direction following the report. Nearby gains are supported based on strong continued demand, while long-term supply levels may continue to limit price support through the winter months.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/27155821/web-closing-markets-1.mp3">HERE</a> for audio

By: NATHAN STUEDLEGRAINS:September corn closed up 7 1/2 cents and December corn was up 6 cents. August soybeans closed up 5 1/2 cents and November soybeans were up 8 1/4 cents. September KC wheat closed unchanged, 0 cents, September Chicago wheat was up 4 cents, September Minneapolis wheat was up 2 1/2 cents.For the week:September corn closed down 11 1/4 cents and December corn was down 14 1/4 cents. August soybeans closed down 40 1/4 cents and November soybeans were down 36 cents. September KC wheat closed down 47 1/4 cents, September Chicago wheat was down 43 cents and September Minneapolis wheat was down 30 3/4 centIt was a mostly positive session across agricultural futures to close the week as traders seem satisfied for the time being with the risk removed from the market over the past week and took a pause Friday to cash in some short positions ahead of the weekend and also ahead of Monday morning's USDA reports that hold the chance for increased volatility. Outside markets were mixed, as stock indices rose and the S&amp;P 500 set a new record high following the announcement from the Trump administration and subsequent confirmation from Chinese officials that the two countries had signed an agreement earlier this week to loosen trade restrictions with rare earths reportedly the focal point. Meanwhile, energy markets continue a quiet trade since the ceasefire between Israel and Iran was announced earlier this week.LIVESTOCK:Live cattle futures have followed the feeder cattle market higher, posting the first active gain in the complex in over a week. August futures lead the shift higher, as traders continue to focus on moderate to strong support still holding in wholesale beef prices. Triple-digit gains are seen through the entire complex as traders have found renewed support at $209 per cwt in August futures contracts. This underlying support through the entire market at the end of the week could help to solidify follow-through buying early next week. Although volume next week is still questionable, with the end of the month, and quarter seen early in the week, and markets closed at the end of the week due to the Independence Day holiday break.Feeder cattle futures have rallied higher Friday, with active triple-digit gains seen in all contracts. August futures are leading the complex higher, with prices moving well above $305 per cwt during morning trade. The ability to string together three positive market gains earlier this week following strong pressure the previous week has helped to create stability through the feeder cattle market and allowed traders to use previous price levels as support levels. Although this is still well below recent highs, the feeder cattle complex could potentially spend the next few weeks hovering within the current market range. Strong beef demand continues to be seen through the summer months, with active buyer support in feeder cattle buying likely to continue in the near future.Lean hog futures were mixed in lackluster trade Friday. Summer contracts were posting light to moderate gains Friday morning on strong financial market moves and indications that positive gains are seen in trade talks with China. October through April contracts were holding light losses as follow-through pressure after the hogs and pigs report Thursday limited buyer interest. Traders continue to be slightly disappointed that overall hog numbers have not eased. However, many of the adjustments seen Friday seem to be focused on backing away from pre-report positions rather than any major shift in market direction following the report. Nearby gains are supported based on strong continued demand, while long-term supply levels may continue to limit price support through the winter months. Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/27155821/web-closing-markets-1.mp3">HERE</a> for audio

Researchers, scientists, and beekeepers have been looking for answers as to what caused catastrophic honeybee losses earlier this year. Now, new research from the USDA’s Agricultural Research Service has identified the cause behind the devastating losses. The study’s findings point to alarmingly high levels of viral infections caused by Varroa mites with genes that are resistant to a common treatment as key drivers of the colonies’ collapse. 

The Honey Bee Health Coalition says all Varroa mites collected from the affected colonies tested positive for a genetic marker linked to resistance to amitraz, the most commonly used miticide in commercial beekeeping. This finding underscores the urgent need for new tools and integrated pest management strategies. Researchers encouraged U.S. beekeepers not to rely on amitraz as their primary mite control method, but to turn to a host of other available chemicals.  

Researchers, scientists, and beekeepers have been looking for answers as to what caused catastrophic honeybee losses earlier this year. Now, new research from the USDA’s Agricultural Research Service has identified the cause behind the devastating losses. The study’s findings point to alarmingly high levels of viral infections caused by Varroa mites with genes that are resistant to a common treatment as key drivers of the colonies’ collapse. The Honey Bee Health Coalition says all Varroa mites collected from the affected colonies tested positive for a genetic marker linked to resistance to amitraz, the most commonly used miticide in commercial beekeeping. This finding underscores the urgent need for new tools and integrated pest management strategies. Researchers encouraged U.S. beekeepers not to rely on amitraz as their primary mite control method, but to turn to a host of other available chemicals. -NAFB

Bee colony collapse cue to resistant mites

September corn closed down 1 cents and December corn was down 1 1/2 cents. August soybeans closed down 1 3/4 cents and November soybeans were down 2 cents. September KC wheat closed down 5 1/2 cents, September Chicago wheat was down 7 3/4 cents, September Minneapolis wheat was down 2 1/2 cents.

It was a fairly quiet session across U.S. row-crop markets Thursday as selling pressure did relax somewhat but ultimately bullish traders were unable to make any ground back as corn, soybeans, and wheat markets all fell for a fifth consecutive session. Macro markets were mostly quiet as well, with stocks shaking off a sluggish second revision to first quarter U.S. GDP, with the S&amp;P500 nearing all-time highs again and a complete recovery of the tariff-induced dip in March.

Live cattle futures hovered in a narrow trading range through Thursday's session with limited early support in spot June contracts being offset by very limited and narrow losses in the rest of the complex. The support trickled in late and managed to push all contracts into the green. Traders see very little new direction in the market at the end of the week with the focus on cash market moves and the ability to sustain beef values heading into the holiday week. Overall trade may become increasingly sluggish next week due to the Fourth of July holiday, but traders still remain focused on the recent market support which has developed over the past two months, and continue to look for additional support to be seen in order to curb the current market correction seen over the past two weeks. Cash cattle markets are starting to slowly develop with a few bids on the table in parts of Nebraska. But they are well below current asking prices of around $228 to $230 in the South and $376-plus in the North. Packer inquiry will continue to improve as the day progresses. We are hearing a couple of packing plants will be dark or running with limited production today and/or Friday. The Grand Island, Nebraska, JBS plant will limit production due to flooding, heavy rainfall and lagoon issues; production is expected to drop to between 1,000 to 1,500 head, down from the usual 5,200 head. Tyson's facility in Amarillo, Texas, will be dark today and Friday due to labor issues, as workers vote on whether to strike or not. There is said to be picketing around the plant, with labor demands mostly centering around wages and more time off.

Feeder cattle futures were mixed with light but stable buyer support moving into nearby contracts throughout Thursday. Limited activity is expected to be seen through the rest of the week with traders looking for additional longer term direction from both cash cattle trade at the end of the week and outside market direction.

Lean hog futures posted light to moderate losses during trade Thursday. Traders continue to look ahead to the afternoon release of the June 1 Quarterly Hogs and Pigs Report, but early expectations see significant fireworks from the report. Many feel overall hog numbers and breeding intentions will be fractionally changed from year ago levels. Given that these reports are quarterly in nature, most of the expected impact is likely already factored into the market over the past several weeks. But a surprise in the report could bring about some market shifts early Friday.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/26153102/web-closing-markets-1.mp3">HERE</a> for audio

By: NATHAN STUEDLEGRAINS:September corn closed down 1 cents and December corn was down 1 1/2 cents. August soybeans closed down 1 3/4 cents and November soybeans were down 2 cents. September KC wheat closed down 5 1/2 cents, September Chicago wheat was down 7 3/4 cents, September Minneapolis wheat was down 2 1/2 cents.It was a fairly quiet session across U.S. row-crop markets Thursday as selling pressure did relax somewhat but ultimately bullish traders were unable to make any ground back as corn, soybeans, and wheat markets all fell for a fifth consecutive session. Macro markets were mostly quiet as well, with stocks shaking off a sluggish second revision to first quarter U.S. GDP, with the S&amp;P500 nearing all-time highs again and a complete recovery of the tariff-induced dip in March.LIVESTOCK:Live cattle futures hovered in a narrow trading range through Thursday's session with limited early support in spot June contracts being offset by very limited and narrow losses in the rest of the complex. The support trickled in late and managed to push all contracts into the green. Traders see very little new direction in the market at the end of the week with the focus on cash market moves and the ability to sustain beef values heading into the holiday week. Overall trade may become increasingly sluggish next week due to the Fourth of July holiday, but traders still remain focused on the recent market support which has developed over the past two months, and continue to look for additional support to be seen in order to curb the current market correction seen over the past two weeks. Cash cattle markets are starting to slowly develop with a few bids on the table in parts of Nebraska. But they are well below current asking prices of around $228 to $230 in the South and $376-plus in the North. Packer inquiry will continue to improve as the day progresses. We are hearing a couple of packing plants will be dark or running with limited production today and/or Friday. The Grand Island, Nebraska, JBS plant will limit production due to flooding, heavy rainfall and lagoon issues; production is expected to drop to between 1,000 to 1,500 head, down from the usual 5,200 head. Tyson's facility in Amarillo, Texas, will be dark today and Friday due to labor issues, as workers vote on whether to strike or not. There is said to be picketing around the plant, with labor demands mostly centering around wages and more time off. Feeder cattle futures were mixed with light but stable buyer support moving into nearby contracts throughout Thursday. Limited activity is expected to be seen through the rest of the week with traders looking for additional longer term direction from both cash cattle trade at the end of the week and outside market direction. Lean hog futures posted light to moderate losses during trade Thursday. Traders continue to look ahead to the afternoon release of the June 1 Quarterly Hogs and Pigs Report, but early expectations see significant fireworks from the report. Many feel overall hog numbers and breeding intentions will be fractionally changed from year ago levels. Given that these reports are quarterly in nature, most of the expected impact is likely already factored into the market over the past several weeks. But a surprise in the report could bring about some market shifts early Friday. Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/26153102/web-closing-markets-1.mp3">HERE</a> for audio

Families celebrating the Fourth of July holiday continue to find high prices at the grocery store, based on the 2025 American Farm Bureau Federation’s annual market basket survey. An Independence Day cookout for ten people will cost $70.92. That’s down only 30 cents from last year’s record-high cost. At $7.09 per person, that will be the second-highest cost since Farm Bureau began the survey in 2013.

“Inflation and lower availability of some food items continue to keep prices stubbornly high for America’s families,” said Farm Bureau Associate Economist Samantha Ayoub. The survey shows an increase in the cost of beef, potato salad, and canned pork and beans. There are drops in the cost of pork chops, chips, and hamburger buns. For example, the retail price for two pounds of ground beef rose 4.4 percent to $13.33. A three-pound package of pork chops fell 8.8 percent from last year to $14.13. 

Families celebrating the Fourth of July holiday continue to find high prices at the grocery store, based on the 2025 American Farm Bureau Federation’s annual market basket survey. An Independence Day cookout for ten people will cost $70.92. That’s down only 30 cents from last year’s record-high cost. At $7.09 per person, that will be the second-highest cost since Farm Bureau began the survey in 2013.“Inflation and lower availability of some food items continue to keep prices stubbornly high for America’s families,” said Farm Bureau Associate Economist Samantha Ayoub. The survey shows an increase in the cost of beef, potato salad, and canned pork and beans. There are drops in the cost of pork chops, chips, and hamburger buns. For example, the retail price for two pounds of ground beef rose 4.4 percent to $13.33. A three-pound package of pork chops fell 8.8 percent from last year to $14.13. -NAFB

Summer cookout costs nearly unchanged from 2024

A new report estimates that the recently finalized U.S. port fees on Chinese-operated and Chinese-built vessels could increase shipping costs for American agricultural exporters by up to $6.2 billion annually by 2028. The policy was issued by the U.S. Trade Representative’s Office in April and imposes phased-in fees on foreign vessels connected to Chinese ownership or construction. In the first year of implementation, the policy is expected to increase total shipping costs by an estimated $2.3 billion. 

By 2028, when the full fee schedule is phased in, shipping costs are projected to reach $6.2 billion. Corn, soybean, and wheat shipments will be the most affected, with estimated costs rising by five to seven cents a bushel, depending on the crop and route. The final policy incorporates several modifications from the original February 2025 proposal, including an extended implementation timeline, lower per-ton fee rates, and vessel-type exemptions, which significantly reduced expected impacts.

A new report estimates that the recently finalized U.S. port fees on Chinese-operated and Chinese-built vessels could increase shipping costs for American agricultural exporters by up to $6.2 billion annually by 2028. The policy was issued by the U.S. Trade Representative’s Office in April and imposes phased-in fees on foreign vessels connected to Chinese ownership or construction. In the first year of implementation, the policy is expected to increase total shipping costs by an estimated $2.3 billion. By 2028, when the full fee schedule is phased in, shipping costs are projected to reach $6.2 billion. Corn, soybean, and wheat shipments will be the most affected, with estimated costs rising by five to seven cents a bushel, depending on the crop and route. The final policy incorporates several modifications from the original February 2025 proposal, including an extended implementation timeline, lower per-ton fee rates, and vessel-type exemptions, which significantly reduced expected impacts.-NAFB

Study on new port fee policy raises ag export costs

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July corn closed down 6 cents and December corn was down 6 1/2 cents. July soybeans closed down 21 1/2 cents and November soybeans were down 18 1/2 cents. July KC wheat closed down 10 1/2 cents, July Chicago wheat was down 7 1/2 cents, July MIAX Minneapolis wheat was down 13 1/2 cents.

The U.S. Dollar Index is down 0.12 at 97.74. The Dow Jones Industrial Average is down 221.0 points at 43,203.0. August gold is up $10.40 at $3,344.30, July silver is up $0.42 at $36.15 and July copper is up $0.0350. August crude oil is up $0.65 at $65.02, August ultra-low sulfur diesel is up $0.0098, August RBOB gasoline is down $0.0035 and July natural gas is down $0.135.

July corn traded lower yet again and deeper into contract lows, closing at $4.10 1/4, down 6 cents for Wednesday. December corn was also down 6 1/2 cents to $4.22 1/2, also trading to new contract lows for the session. Market bears kept the pressure on corn prices for Wednesday following an extremely bearish private estimate from Brazilian firm Agroconsult, which pegged safrinha corn production in 2025 at 123.3 mmt, and implies a total corn production of north of 150 mmt for the year. To say this would be bearish to the corn market is an understatement, as that estimate currently stands over 20 mmt larger than the most recent USDA estimate. There has long been speculation that the crop would ultimately grow from recent Conab and USDA estimates, but it was a definite shock to the market when the new Agroconsult figure made soundwaves on Tuesday afternoon. The main concern for the U.S. would be the added competition in the export market that would be likely with that level of supply. As of Wednesday morning, the International Grains Council reported U.S. FOB export prices still hold a $4/mt (10 cents per bushel) edge under Brazilian offers.

In their weekly Petroleum Status report, the Energy Information Administration reported ethanol production in the U.S. last week averaged 1.081 million barrels per day (bpd). This was down 28,000 bpd from the previous week but still seasonally strong, up 29,000 bpd from the previous 4-year average for the third week of June.

In corn technicals, December corn futures have become technically oversold following a 4-day skid which amounted to just over 20 cents of value loss. Following the break of support at $4.35 and subsequent taking out of the contract low, it is difficult to gauge support from here, but the board did find marginal buying interest at $4.21, perhaps setting up $4.20 and below as an area of support from profit-taking on short positions.

The DTN National Corn Index finished Tuesday at $3.95. Wednesday's futures close and implied corn basis of 21 cents under the July board would indicate the index on Wednesday afternoon to be near $3.89.

July soybeans traded down 21 1/2 cents to $10.25 1/4. November soybeans were down 18 1/2 cents to $10.18 1/2. Sellers continued to drive soybean futures lower on Wednesday, with November futures now lower than prior to the bullish EPA announcement on June 13 and giving up the vast majority of the June rally in general. Price pressure intensified as the Wednesday session wore on, with the friendly weather outlook, particularly rainfall across Minnesota, Iowa, Illinois, and even Eastern Nebraska especially impactful to key soybean growing areas and further cementing the current trading thesis that less risk premium is needed in soybean prices for now.

In soybean technicals, November soybeans are nearing support in the $10.17 to $10.18 area going back to mid-April, a failure here would put $10.00 back into play as the immediate bearish target. Momentum is clearly in favor of the bears currently, with indicators suggesting there is potentially still some room for prices to drop in the short term.

The DTN National Soybean Index finished Tuesday at $9.89. Wednesday's futures close and implied soybean basis of 58 cents under the July board would indicate the index on Wednesday afternoon to be near $9.67.

Wheat prices continued their retreat Wednesday, trading another 10 1/2 cents lower on July Kansas City futures, with Chicago lower as well and MIAX Minneapolis spring wheat futures leading the complex in losses, trading 13 1/2 cents lower amid the friendly weather outlook for spring-planted crops in general.

Wednesday's weekly report from the International Grains Council showed world prices mixed to lower for the most part over the past week, as Russian FOB prices stand out as among the lowest in the world per metric ton as the market braces for the bulk of that harvest in July. In Europe, Paris milling wheat futures have traded in accordance with U.S. markets, crashing from monthly highs back toward monthly lows over the course of the past four trading sessions. There has been some concern over recent days regarding high heat and dry conditions across Western Europe in the nearby forecasts, a situation that will be worth monitoring as winter wheat harvest nears. FranceAgriMer rated the country's soft wheat crop at 68% good to excellent in their most recent report.

For wheat technicals, July Kansas City futures traded to support in the low $5.20s, which held prices on dips in late May as well as mid-June. A failure here sets $5.00 and subsequent contract lows as the bearish target through winter wheat harvest. If support holds, then the 20-day moving average near $5.39 currently is the bullish target to stabilize prices in the short term.

By MATT PIKE<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/06/25145900/30001-closing-markets.mp3">Click here to listen to closing markets</a>GENERAL COMMENTS:July corn closed down 6 cents and December corn was down 6 1/2 cents. July soybeans closed down 21 1/2 cents and November soybeans were down 18 1/2 cents. July KC wheat closed down 10 1/2 cents, July Chicago wheat was down 7 1/2 cents, July MIAX Minneapolis wheat was down 13 1/2 cents.The U.S. Dollar Index is down 0.12 at 97.74. The Dow Jones Industrial Average is down 221.0 points at 43,203.0. August gold is up $10.40 at $3,344.30, July silver is up $0.42 at $36.15 and July copper is up $0.0350. August crude oil is up $0.65 at $65.02, August ultra-low sulfur diesel is up $0.0098, August RBOB gasoline is down $0.0035 and July natural gas is down $0.135.CORN:July corn traded lower yet again and deeper into contract lows, closing at $4.10 1/4, down 6 cents for Wednesday. December corn was also down 6 1/2 cents to $4.22 1/2, also trading to new contract lows for the session. Market bears kept the pressure on corn prices for Wednesday following an extremely bearish private estimate from Brazilian firm Agroconsult, which pegged safrinha corn production in 2025 at 123.3 mmt, and implies a total corn production of north of 150 mmt for the year. To say this would be bearish to the corn market is an understatement, as that estimate currently stands over 20 mmt larger than the most recent USDA estimate. There has long been speculation that the crop would ultimately grow from recent Conab and USDA estimates, but it was a definite shock to the market when the new Agroconsult figure made soundwaves on Tuesday afternoon. The main concern for the U.S. would be the added competition in the export market that would be likely with that level of supply. As of Wednesday morning, the International Grains Council reported U.S. FOB export prices still hold a $4/mt (10 cents per bushel) edge under Brazilian offers.In their weekly Petroleum Status report, the Energy Information Administration reported ethanol production in the U.S. last week averaged 1.081 million barrels per day (bpd). This was down 28,000 bpd from the previous week but still seasonally strong, up 29,000 bpd from the previous 4-year average for the third week of June.In corn technicals, December corn futures have become technically oversold following a 4-day skid which amounted to just over 20 cents of value loss. Following the break of support at $4.35 and subsequent taking out of the contract low, it is difficult to gauge support from here, but the board did find marginal buying interest at $4.21, perhaps setting up $4.20 and below as an area of support from profit-taking on short positions.The DTN National Corn Index finished Tuesday at $3.95. Wednesday's futures close and implied corn basis of 21 cents under the July board would indicate the index on Wednesday afternoon to be near $3.89.SOYBEANS:July soybeans traded down 21 1/2 cents to $10.25 1/4. November soybeans were down 18 1/2 cents to $10.18 1/2. Sellers continued to drive soybean futures lower on Wednesday, with November futures now lower than prior to the bullish EPA announcement on June 13 and giving up the vast majority of the June rally in general. Price pressure intensified as the Wednesday session wore on, with the friendly weather outlook, particularly rainfall across Minnesota, Iowa, Illinois, and even Eastern Nebraska especially impactful to key soybean growing areas and further cementing the current trading thesis that less risk premium is needed in soybean prices for now.In soybean technicals, November soybeans are nearing support in the $10.17 to $10.18 area going back to mid-April, a failure here would put $10.00 back into play as the immediate bearish target. Momentum is clearly in favor of the bears currently, with indicators suggesting there is potentially still some room for prices to drop in the short term.The DTN National Soybean Index finished Tuesday at $9.89. Wednesday's futures close and implied soybean basis of 58 cents under the July board would indicate the index on Wednesday afternoon to be near $9.67.WHEAT:Wheat prices continued their retreat Wednesday, trading another 10 1/2 cents lower on July Kansas City futures, with Chicago lower as well and MIAX Minneapolis spring wheat futures leading the complex in losses, trading 13 1/2 cents lower amid the friendly weather outlook for spring-planted crops in general.Wednesday's weekly report from the International Grains Council showed world prices mixed to lower for the most part over the past week, as Russian FOB prices stand out as among the lowest in the world per metric ton as the market braces for the bulk of that harvest in July. In Europe, Paris milling wheat futures have traded in accordance with U.S. markets, crashing from monthly highs back toward monthly lows over the course of the past four trading sessions. There has been some concern over recent days regarding high heat and dry conditions across Western Europe in the nearby forecasts, a situation that will be worth monitoring as winter wheat harvest nears. FranceAgriMer rated the country's soft wheat crop at 68% good to excellent in their most recent report.For wheat technicals, July Kansas City futures traded to support in the low $5.20s, which held prices on dips in late May as well as mid-June. A failure here sets $5.00 and subsequent contract lows as the bearish target through winter wheat harvest. If support holds, then the 20-day moving average near $5.39 currently is the bullish target to stabilize prices in the short term.

There is still time to apply to the Beginning Farmer Institute from the National Farmers Union. 

The registration deadline has been extended to July 15, 2025. The Institute is a free, ten-week farm business management program. It’s a comprehensive course designed to strengthen the long-term success and resilience of farms and ranches across the country. 

From October through December, participants will have weekly online trainings led by farm business management experts and engage in peer-to-peer learning. Participants who complete all the necessary course requirements will be considered for an additional in-person session the following spring, which will include additional trainings, farm tours, and networking opportunities with the National Farmers Union’s leadership team. 

The Beginning Farmer Institute is open to any U.S. producer over 18. Applicants must currently be farming or ranching at a for-profit operation. Operations of any size and type may apply. For more information, go to the event&nbsp;<a href="https://www.eventcreate.com/e/bfi">webpage</a>.

<a href="https://www.eventcreate.com/e/bfi"></a>.

There is still time to apply to the Beginning Farmer Institute from the National Farmers Union. The registration deadline has been extended to July 15, 2025. The Institute is a free, ten-week farm business management program. It’s a comprehensive course designed to strengthen the long-term success and resilience of farms and ranches across the country. From October through December, participants will have weekly online trainings led by farm business management experts and engage in peer-to-peer learning. Participants who complete all the necessary course requirements will be considered for an additional in-person session the following spring, which will include additional trainings, farm tours, and networking opportunities with the National Farmers Union’s leadership team. The Beginning Farmer Institute is open to any U.S. producer over 18. Applicants must currently be farming or ranching at a for-profit operation. Operations of any size and type may apply. For more information, go to the event&nbsp;<a href="https://www.eventcreate.com/e/bfi">webpage</a>.-NAFB<a href="https://www.eventcreate.com/e/bfi"></a>.

Beginning farmer institute registration deadline extended

A USDA report says May egg output dropped year over year, as did the number of total egg layers in the U.S. Production fell to 8.59 billion eggs last month, down six percent year over year. 

About 7.3 billion were table eggs, and 1.29 billion were hatching eggs. Of the hatching eggs, 1.18 billion were broiler-type. USDA also said the number of egg layers in the U.S. on June 1 totaled 350 million, a six percent drop from the same date last year. 

Approximately 285 million layers produced table or market eggs, 60.3 million laid broiler-type hatching eggs, and 4.13 million produced egg-type hatching eggs. The rate of production averaged 79 eggs per 100 layers, a slight decrease from June 2024. 

Hatchings in May included 60.9 million egg-type chicks, an eight percent increase from the same month last year. Eggs in incubators jumped 11 percent to 59.6 million.

A USDA report says May egg output dropped year over year, as did the number of total egg layers in the U.S. Production fell to 8.59 billion eggs last month, down six percent year over year. About 7.3 billion were table eggs, and 1.29 billion were hatching eggs. Of the hatching eggs, 1.18 billion were broiler-type. USDA also said the number of egg layers in the U.S. on June 1 totaled 350 million, a six percent drop from the same date last year. Approximately 285 million layers produced table or market eggs, 60.3 million laid broiler-type hatching eggs, and 4.13 million produced egg-type hatching eggs. The rate of production averaged 79 eggs per 100 layers, a slight decrease from June 2024. Hatchings in May included 60.9 million egg-type chicks, an eight percent increase from the same month last year. Eggs in incubators jumped 11 percent to 59.6 million.-NAFB

May egg production drops six percent

The Senate parliamentarian who acts as a legislative umpire has ruled against a key funding provision in the president’s One Big Beautiful tax and spending bill. 

Elizabeth MacDonough says the SNAP provision to force the states to pick up a sliding amount of food stamp benefits based on payment error rates violates a key Senate rule.

The Byrd rule, named after the late West Virginia Senator Robert Byrd, prohibited legislating on budget reconciliation bills. Iowa Senator Chuck Grassley.

“I think there are still going to be attempts to look at alternative ways to craft some form of alternative cost-share that complies with the Byrd rule. So, this might not be over yet. Hopefully it’s not.” 

But if the ruling stands, it would be a big win for Democrats, who’ve targeted SNAP savings in their long-running farm bill feud with Republicans, and would punch a huge funding hole in the GOP tax bill. Grassley has some longstanding, though so far, unsuccessful ideas on new savings.

“Get rid of the proposal to increase payment limits from 125 thousand to 155 thousand. We can also increase savings by closing the ‘actively engaged’ loophole that allows Wall Street bankers to cash government checks meant for farmers with dirt under their fingernails.”  

But without a quick solution or a Senate override of the parliamentarian, action could be slowed.

“The Leader says we’re going to stay in session until we get it done, even if that takes us into Sunday.” 

President Trump has set a goal of having the bill on his desk by July 4th though both chambers were set to be out for the holiday by the end of this week.

The Senate parliamentarian who acts as a legislative umpire has ruled against a key funding provision in the president’s One Big Beautiful tax and spending bill. Elizabeth MacDonough says the SNAP provision to force the states to pick up a sliding amount of food stamp benefits based on payment error rates violates a key Senate rule.The Byrd rule, named after the late West Virginia Senator Robert Byrd, prohibited legislating on budget reconciliation bills. Iowa Senator Chuck Grassley.“I think there are still going to be attempts to look at alternative ways to craft some form of alternative cost-share that complies with the Byrd rule. So, this might not be over yet. Hopefully it’s not.” But if the ruling stands, it would be a big win for Democrats, who’ve targeted SNAP savings in their long-running farm bill feud with Republicans, and would punch a huge funding hole in the GOP tax bill. Grassley has some longstanding, though so far, unsuccessful ideas on new savings.“Get rid of the proposal to increase payment limits from 125 thousand to 155 thousand. We can also increase savings by closing the ‘actively engaged’ loophole that allows Wall Street bankers to cash government checks meant for farmers with dirt under their fingernails.” But without a quick solution or a Senate override of the parliamentarian, action could be slowed.“The Leader says we’re going to stay in session until we get it done, even if that takes us into Sunday.” President Trump has set a goal of having the bill on his desk by July 4th though both chambers were set to be out for the holiday by the end of this week.-Matt Kaye/Berns Bureau

 Senate parliamentarian strikes SNAP state cost-share

Growth Energy applauded a ruling by the U.S. Court of Appeals in Washington, D.C., that defended the RFS Set. 

The decision rejected an attempt by oil industry interests to undermine the Renewable Fuel Standard, a program requiring refiners to include a certain amount of biofuels in the nation’s fuel blend. 

“The oil industry’s arguments in this case were fatally flawed and relied on tenuous legal arguments that ran contrary to the facts and plain language of the RFS statute,” said Growth Energy in a statement. 

Oil and environmental groups challenged EPA’s RFS Set Rule, which established Renewable Volume Obligations for 2023-2025, on various grounds. In its ruling late last week, the country rejected most of their claims, finding that the challenges were without merit. 

The decision also remands the rule back to the EPA and the Fish and Wildlife Service to better explain its conclusions while allowing the set rule to remain.

Growth Energy applauded a ruling by the U.S. Court of Appeals in Washington, D.C., that defended the RFS Set. The decision rejected an attempt by oil industry interests to undermine the Renewable Fuel Standard, a program requiring refiners to include a certain amount of biofuels in the nation’s fuel blend. “The oil industry’s arguments in this case were fatally flawed and relied on tenuous legal arguments that ran contrary to the facts and plain language of the RFS statute,” said Growth Energy in a statement. Oil and environmental groups challenged EPA’s RFS Set Rule, which established Renewable Volume Obligations for 2023-2025, on various grounds. In its ruling late last week, the country rejected most of their claims, finding that the challenges were without merit. The decision also remands the rule back to the EPA and the Fish and Wildlife Service to better explain its conclusions while allowing the set rule to remain.-NAFB