Bayer announced it is leaving the seed treatment equipment business in the U.S. to help bolster the company’s finances. Reports say a spokesman confirmed in an email that Bayer was exiting the business, which makes equipment designed to help treat seeds with products like fungicides and insecticides before the seeds are planted to protect crop yields. An email from Bayer says the company decided to shift resources toward primary areas of strength in crop protection products. 

“This is a difficult decision, but necessary to help secure the financial future of this company,” Bayer said. The company will begin closing a $12 million seed treatment equipment manufacturing facility in Minnesota. The Center had sought to improve research links between equipment and seed treatment products. The Seed Growth Equipment Innovation Center opened in 2015. Bayer says it’s still committed to seed treatments even though it will no longer manufacture the treatment equipment.

Bayer announced it is leaving the seed treatment equipment business in the U.S. to help bolster the company’s finances. Reports say a spokesman confirmed in an email that Bayer was exiting the business, which makes equipment designed to help treat seeds with products like fungicides and insecticides before the seeds are planted to protect crop yields. An email from Bayer says the company decided to shift resources toward primary areas of strength in crop protection products. “This is a difficult decision, but necessary to help secure the financial future of this company,” Bayer said. The company will begin closing a $12 million seed treatment equipment manufacturing facility in Minnesota. The Center had sought to improve research links between equipment and seed treatment products. The Seed Growth Equipment Innovation Center opened in 2015. Bayer says it’s still committed to seed treatments even though it will no longer manufacture the treatment equipment.-NAFB

Bayer exits the seed treatment equipment business

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

Row-crop markets continued to chop without much convincing direction as traders are expressing uncertainty on where to place price bets moving forward ahead of the spring data drop from the USDA on May 12. Meanwhile, equity markets continue to press higher, with the S&amp;P500 officially closing the gap left by the April 2 reciprocal tariff announcement. Despite a hazy GDP reading Thursday, a look at the data showed reasons for optimism, particularly the surge in consumer spending. The U.S. dollar is breaking to the upside on Thursday, trading to its highest level since April 11, which weighed negatively on ag markets for Thursday. Crude oil futures featured a strong reversal action for Thursday, which aided soybean oil prices in a recovery day, which in turn lent strength to soybean futures.

For the bulk of the session the live cattle contracts traded mostly lower amid the light cash trade that took place late Wednesday afternoon, where prices traded anywhere from $5.00 to $8.00 higher. If the futures complex was this blind to the cash cattle market's rally at any other point in time, cattlemen would want to stomp around and throw their hands up in the air. But when you look at the futures complex and thoroughly observe the faithful rally that the market has successfully supported since early April, one can have more grace with traders' technical standstill. After rallying to new contract highs earlier this week traders seem to be hitting the pause button letting the futures contracts trade merely sideways. Fundamental support has been ample already this week, and managed to help the nearby contracts finish higher and the back of the board softly lower.

The feeder cattle complex was feeling the same technical pressure the live cattle contracts were -- as all its contracts traded lower as well, save the spot May contract, as the market seems to be showing that it's finding some technical pressure, it's likely feeder cattle prices will still be able to remain strong, despite what the board is doing, given that we are only weeks away from turn out season to grass, and that supplies are so thin.

It was a challenging morning for the lean hog complex as traders have just fully accepted the morning's positive export report and then were comfortable advancing the contracts again. Pork cutout values are slightly higher too, which could lend a little additional support. But more than anything, traders simply could not deny the strong export report the market received this morning. The contracts aren't up against immediate resistance pressure anymore, which allowed for some minor upward trade.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/05/01150555/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:July corn closed down 3 1/4 cents and December corn was up 1 cent. July soybeans closed up 5 3/4 cents and November soybeans were up 5 3/4 cents. July KC wheat closed down 2 cents, July Chicago wheat was up 1/4 cents, July Minneapolis wheat was down 1 1/2 cents.Row-crop markets continued to chop without much convincing direction as traders are expressing uncertainty on where to place price bets moving forward ahead of the spring data drop from the USDA on May 12. Meanwhile, equity markets continue to press higher, with the S&amp;P500 officially closing the gap left by the April 2 reciprocal tariff announcement. Despite a hazy GDP reading Thursday, a look at the data showed reasons for optimism, particularly the surge in consumer spending. The U.S. dollar is breaking to the upside on Thursday, trading to its highest level since April 11, which weighed negatively on ag markets for Thursday. Crude oil futures featured a strong reversal action for Thursday, which aided soybean oil prices in a recovery day, which in turn lent strength to soybean futures.LIVESTOCK:For the bulk of the session the live cattle contracts traded mostly lower amid the light cash trade that took place late Wednesday afternoon, where prices traded anywhere from $5.00 to $8.00 higher. If the futures complex was this blind to the cash cattle market's rally at any other point in time, cattlemen would want to stomp around and throw their hands up in the air. But when you look at the futures complex and thoroughly observe the faithful rally that the market has successfully supported since early April, one can have more grace with traders' technical standstill. After rallying to new contract highs earlier this week traders seem to be hitting the pause button letting the futures contracts trade merely sideways. Fundamental support has been ample already this week, and managed to help the nearby contracts finish higher and the back of the board softly lower.The feeder cattle complex was feeling the same technical pressure the live cattle contracts were -- as all its contracts traded lower as well, save the spot May contract, as the market seems to be showing that it's finding some technical pressure, it's likely feeder cattle prices will still be able to remain strong, despite what the board is doing, given that we are only weeks away from turn out season to grass, and that supplies are so thin.It was a challenging morning for the lean hog complex as traders have just fully accepted the morning's positive export report and then were comfortable advancing the contracts again. Pork cutout values are slightly higher too, which could lend a little additional support. But more than anything, traders simply could not deny the strong export report the market received this morning. The contracts aren't up against immediate resistance pressure anymore, which allowed for some minor upward trade.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/05/01150555/web-closing-markets.mp3">HERE</a> for audio

Commodity markets daily recap

The Environmental Protection Agency released its final Insecticide Strategy that identifies practical protections for federally endangered and threatened species from the use of insecticides. At the same time, it also provides flexibility for pesticide users and growers. The Strategy identifies mitigations aimed at protecting more than 900 species listed by the Fish and Wildlife Service that the EPA considers when it registers a new insecticide or reevaluates an existing one. “

We have found common-sense ways to keep endangered species safe that won’t place unneeded burdens on the growers who rely on these tools for their livelihood, and which are necessary to ensure a safe and plentiful food supply,” said Administrator Lee Zeldin. “We are committed to ensuring the agriculture community has the tools they need to protect our country, especially the food supply, from pests and diseases.” EPA will continue to work with stakeholders to update this as additional information becomes available. 

The Environmental Protection Agency released its final Insecticide Strategy that identifies practical protections for federally endangered and threatened species from the use of insecticides. At the same time, it also provides flexibility for pesticide users and growers. The Strategy identifies mitigations aimed at protecting more than 900 species listed by the Fish and Wildlife Service that the EPA considers when it registers a new insecticide or reevaluates an existing one. “We have found common-sense ways to keep endangered species safe that won’t place unneeded burdens on the growers who rely on these tools for their livelihood, and which are necessary to ensure a safe and plentiful food supply,” said Administrator Lee Zeldin. “We are committed to ensuring the agriculture community has the tools they need to protect our country, especially the food supply, from pests and diseases.” EPA will continue to work with stakeholders to update this as additional information becomes available. -NAFB

EPA releases new strategy to protect endangered species

July corn closed up 5 1/4 cents and December corn was up 1 3/4 cents. July soybeans closed down 8 1/4 cents and November soybeans were down 7 cents. July KC wheat closed down 1 1/2 cents, July Chicago wheat was up 5 1/4 cents, July Minneapolis wheat was up 4 1/4 cents.

In an overall mixed session across ag markets Wednesday, corn and wheat managed to recover some of the early week losses, with the latter finally finding some buying interest as KC and Chicago contracts again set new contract lows early in the session. Soybean futures were under pressure for most of the day, as weak energy markets induced more profit-taking in soybean oil futures. Crude oil prices, in particular, are down for the third straight session, with NYMEX futures working toward the lowest close for the front-month contract in over four years Wednesday. Equity markets were lower but recovered off daily lows. Early pressure can be attributed to U.S. GDP through the first quarter of 2025 reporting the first quarterly decline since 2022, driven primarily by a surge in imports as consumers and businesses attempt to work ahead of planned tariff policy. Losses were trimmed throughout the session, however, after Personal Consumption Expenditure data (a Fed policy favorite), indicated inflation was slightly cooler in March than initially expected.

It will be interesting to see what takes shape this week in the live cattle complex as earlier in the week trader support was plentiful, but upon Wednesday's arrival traders have shown some caution and packers have already begun to offer bids in the North. On the bullish side of the spectrum, feedlot managers are likely going to try to hold out and pressure packers into paying steady/higher prices later this week. On the opposite side of the spectrum, however, packers are desperate to get ahead of the cash cattle market and they're throwing every trick in the book at the marketplace to dramatically reduce throughput, including offering bids early in the week in hopes that some feedlot managers will get antsy and let some cattle go early. But as always, it's too early in the week to say what's going to exactly happen which is why we need to track the market all the more closely.

Just like the live cattle complex, the feeder cattle contracts were also lower as traders are skeptical of getting too far ahead of themselves, and overbuying/over supporting the market much more. It's unlikely the day's lower tone in the futures complex will gravely affect sales in the countryside as buyers know that the availability of feeders/calves is quite thin.

The lean hog complex traded lower as the market is under pressure technically. Without better support from its fundamentals, it's unlikely the contracts will be able to gain any sort of momentum. It's interesting to note that packers were fairly aggressive in the day's cash market, but pork cutout values continued to drift lower.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/30193548/web-closing-markets-1.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:July corn closed up 5 1/4 cents and December corn was up 1 3/4 cents. July soybeans closed down 8 1/4 cents and November soybeans were down 7 cents. July KC wheat closed down 1 1/2 cents, July Chicago wheat was up 5 1/4 cents, July Minneapolis wheat was up 4 1/4 cents.In an overall mixed session across ag markets Wednesday, corn and wheat managed to recover some of the early week losses, with the latter finally finding some buying interest as KC and Chicago contracts again set new contract lows early in the session. Soybean futures were under pressure for most of the day, as weak energy markets induced more profit-taking in soybean oil futures. Crude oil prices, in particular, are down for the third straight session, with NYMEX futures working toward the lowest close for the front-month contract in over four years Wednesday. Equity markets were lower but recovered off daily lows. Early pressure can be attributed to U.S. GDP through the first quarter of 2025 reporting the first quarterly decline since 2022, driven primarily by a surge in imports as consumers and businesses attempt to work ahead of planned tariff policy. Losses were trimmed throughout the session, however, after Personal Consumption Expenditure data (a Fed policy favorite), indicated inflation was slightly cooler in March than initially expected.LIVESTOCK:It will be interesting to see what takes shape this week in the live cattle complex as earlier in the week trader support was plentiful, but upon Wednesday's arrival traders have shown some caution and packers have already begun to offer bids in the North. On the bullish side of the spectrum, feedlot managers are likely going to try to hold out and pressure packers into paying steady/higher prices later this week. On the opposite side of the spectrum, however, packers are desperate to get ahead of the cash cattle market and they're throwing every trick in the book at the marketplace to dramatically reduce throughput, including offering bids early in the week in hopes that some feedlot managers will get antsy and let some cattle go early. But as always, it's too early in the week to say what's going to exactly happen which is why we need to track the market all the more closely. Just like the live cattle complex, the feeder cattle contracts were also lower as traders are skeptical of getting too far ahead of themselves, and overbuying/over supporting the market much more. It's unlikely the day's lower tone in the futures complex will gravely affect sales in the countryside as buyers know that the availability of feeders/calves is quite thin.The lean hog complex traded lower as the market is under pressure technically. Without better support from its fundamentals, it's unlikely the contracts will be able to gain any sort of momentum. It's interesting to note that packers were fairly aggressive in the day's cash market, but pork cutout values continued to drift lower.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/30193548/web-closing-markets-1.mp3">HERE</a> for audio

The Environmental Protection Agency issued an emergency fuel waiver allowing sales of E15 gasoline nationwide during the summer driving season. By doing this, the EPA keeps E15 on the market, giving consumers more choices at pumps across the nation. Several U.S. agriculture and biofuel supporters reacted positively. “EPA’s decision is a step toward greater American energy dominance,” said Growth Energy CEO Emily Skor. “More fuel in the marketplace allows Americans to spend less of their hard-earned money at the pump this summer.” 

The National Corn Growers Association says this waiver helps corn growers and rural communities.&nbsp; NCGA President Kenneth Hartman Jr. says, “We deeply appreciate the administration and the EPA for making year-round access to E15 a priority.”&nbsp; &nbsp;Rob Larew, president of the National Farmers Union, says nationwide E15 is a huge win for American farmers and consumers. “This creates new markets for farmers and keeps more energy dollars here,” Larew said. 

By: NATHAN STUEDLESt. Joseph PostThe Environmental Protection Agency issued an emergency fuel waiver allowing sales of E15 gasoline nationwide during the summer driving season. By doing this, the EPA keeps E15 on the market, giving consumers more choices at pumps across the nation. Several U.S. agriculture and biofuel supporters reacted positively. “EPA’s decision is a step toward greater American energy dominance,” said Growth Energy CEO Emily Skor. “More fuel in the marketplace allows Americans to spend less of their hard-earned money at the pump this summer.” The National Corn Growers Association says this waiver helps corn growers and rural communities.&nbsp; NCGA President Kenneth Hartman Jr. says, “We deeply appreciate the administration and the EPA for making year-round access to E15 a priority.”&nbsp; &nbsp;Rob Larew, president of the National Farmers Union, says nationwide E15 is a huge win for American farmers and consumers. “This creates new markets for farmers and keeps more energy dollars here,” Larew said.

EPA allows nationwide E15 sales for Summer

July corn closed down 13 cents and December corn was down 5 3/4 cents. July soybeans closed down 9 3/4 cents and November soybeans were down 9 1/2 cents. July KC wheat closed down 8 3/4 cents, July Chicago wheat was down 5 1/2 cents, July Minneapolis wheat was down 4 cents.

Active sellers were denied on Monday when buyers stepped in by late morning to reject the attempted move lower in soybean and corn futures. No such buying spree arrived for Tuesday, however, as sellers remained in firm control of the market for the majority of the session. Corn and soybean planting pace remained above average for the time of year in Monday afternoon's Crop Progress report from USDA. Meanwhile, winter wheat conditions were improved as well, benefiting from recent rainfall across growing regions. Outside markets leaned bearish to grain prices as well with the U.S. dollar inching higher, as well as weaker energy markets leading the vegetable oil market lower, which offered negative influence on soybean futures.

The live cattle complex continues to diligently trade higher and higher seeming to shock even the most bullish-minded folks. Etching out new contract highs is currently the market's norm, and with ample fundamental support, it's anyone's guess at this point where the top could be. Nothing has surfaced yet for this week's cash cattle trade, and it's not likely that anything will before Thursday or Friday. Feedlot managers are again going to aim for higher prices, but with packers cutting throughput drastically, steady prices may be the best feedlot managers get this week unless packers are still short-bought.

The feeder cattle complex is hungry for more and it's not being bashful about how it is aggressively trading higher. And thankfully, the feeder cattle complex has been robustly supported in terms of fundamental support as buyers are actively seeking out calves/feeders to sure up their orders as turn out season is quickly approaching.

Although pork cutout values were slightly higher, the lean hog contracts traded mostly lower as traders simply need more fundamental encouragement. The market has posted a considerable rally since the first week of April, but now that traders are feeling some resistance pressure, it seems as though traders are scratching their heads and looking around for more support.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/29142509/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:July corn closed down 13 cents and December corn was down 5 3/4 cents. July soybeans closed down 9 3/4 cents and November soybeans were down 9 1/2 cents. July KC wheat closed down 8 3/4 cents, July Chicago wheat was down 5 1/2 cents, July Minneapolis wheat was down 4 cents.Active sellers were denied on Monday when buyers stepped in by late morning to reject the attempted move lower in soybean and corn futures. No such buying spree arrived for Tuesday, however, as sellers remained in firm control of the market for the majority of the session. Corn and soybean planting pace remained above average for the time of year in Monday afternoon's Crop Progress report from USDA. Meanwhile, winter wheat conditions were improved as well, benefiting from recent rainfall across growing regions. Outside markets leaned bearish to grain prices as well with the U.S. dollar inching higher, as well as weaker energy markets leading the vegetable oil market lower, which offered negative influence on soybean futures.LIVESTOCK:The live cattle complex continues to diligently trade higher and higher seeming to shock even the most bullish-minded folks. Etching out new contract highs is currently the market's norm, and with ample fundamental support, it's anyone's guess at this point where the top could be. Nothing has surfaced yet for this week's cash cattle trade, and it's not likely that anything will before Thursday or Friday. Feedlot managers are again going to aim for higher prices, but with packers cutting throughput drastically, steady prices may be the best feedlot managers get this week unless packers are still short-bought.The feeder cattle complex is hungry for more and it's not being bashful about how it is aggressively trading higher. And thankfully, the feeder cattle complex has been robustly supported in terms of fundamental support as buyers are actively seeking out calves/feeders to sure up their orders as turn out season is quickly approaching.Although pork cutout values were slightly higher, the lean hog contracts traded mostly lower as traders simply need more fundamental encouragement. The market has posted a considerable rally since the first week of April, but now that traders are feeling some resistance pressure, it seems as though traders are scratching their heads and looking around for more support. Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/29142509/web-closing-markets.mp3">HERE</a> for audio

Family farm bankruptcies increased by 55% last year compared to 2023 and are trending even higher this year as farmers continue to grapple with depressed agricultural commodity prices and high input costs. While much of the industry-wide distress predates his second stint in the White House, President Donald Trump has quickly nudged more farmers closer to the brink of going under and created turbulence for producers trying to make ends meet.  

Unpredictable tariffs, immigration overhauls, federal program cuts, and frozen Agriculture Department funding are now part of the discussions farmers are having as they seek financial help. “'What’s going on in Washington?' is the subject of almost every conversation that I have,” said farm bankruptcy attorney David Mills. Farm bankruptcy filings soared in 2019 during the height of Trump’s trade war with China, which targeted U.S. agriculture with a sweeping retaliatory tariff regime mirroring the response China is pursuing today. Trump’s administration sent farmers an estimated $23 billion covering export losses to try to stop more farms from going under.

Family farm bankruptcies increased by 55% last year compared to 2023 and are trending even higher this year as farmers continue to grapple with depressed agricultural commodity prices and high input costs. While much of the industry-wide distress predates his second stint in the White House, President Donald Trump has quickly nudged more farmers closer to the brink of going under and created turbulence for producers trying to make ends meet. Unpredictable tariffs, immigration overhauls, federal program cuts, and frozen Agriculture Department funding are now part of the discussions farmers are having as they seek financial help. “'What’s going on in Washington?' is the subject of almost every conversation that I have,” said farm bankruptcy attorney David Mills. Farm bankruptcy filings soared in 2019 during the height of Trump’s trade war with China, which targeted U.S. agriculture with a sweeping retaliatory tariff regime mirroring the response China is pursuing today. Trump’s administration sent farmers an estimated $23 billion covering export losses to try to stop more farms from going under.-NAFB

Farm bankruptcies on the rise again in 2025 

In Missouri there were just 2.9 days suitable for fieldwork state-wide in the week ending April 27th. The average temperature was 62.5 degrees, 4.0 degrees above normal. Precipitation averaged 1.4 inches, 0.4 inches above normal. Topsoil moisture supply was rated at 3 percent short, 74 percent adequate, and 23 percent surplus. Subsoil moisture supply was rated 7 percent short to very short, 82 percent adequate, and 11 percent surplus.

By: NATHAN STUEDLESt. Joseph PostIn Missouri there were just 2.9 days suitable for fieldwork state-wide in the week ending April 27th. The average temperature was 62.5 degrees, 4.0 degrees above normal. Precipitation averaged 1.4 inches, 0.4 inches above normal. Topsoil moisture supply was rated at 3 percent short, 74 percent adequate, and 23 percent surplus. Subsoil moisture supply was rated 7 percent short to very short, 82 percent adequate, and 11 percent surplus.

Missouri planting progress, crop conditions

July corn closed down 2 1/4 cents and December corn was down 5 1/2 cents. July soybeans closed up 3 1/4 cents and November soybeans were down 1/4 cents. July KC wheat closed down 11 1/4 cents, July Chicago wheat was down 14 cents, July Minneapolis wheat was down 9 1/2 cents.

Row-crop prices were lower to start the new week, although corn and soybean futures found support by midmorning and were able to recover most of their losses. Wheat futures continue to be a popular short among traders, as Kansas City and Chicago July contracts sank to new contract lows Monday. The early weakness in corn and soybean futures can likely at least be partially attributed to conflicting reports regarding the state of trade negotiations between the U.S. and China. Outside markets were quiet and mixed for Monday as stock indices are very close to a complete recovery of losses stemming from the April 2 through April 7 tariff rout. This week is a big tech sector earnings week, which may give investors some distraction from trade-related headlines but will also undoubtedly offer insight into the effects of tariffs thus far through 2025. The U.S. dollar also edged lower Monday, perhaps offering some midday support to corn and soybean markets, although wheat futures have largely ignored any outside market signals through their two-week selloff.

The live cattle complex continued to lean into Monday trade, fully taking advantage of all the support traders were willing to lend. Later this week, the spot April contract will expire, and the June live cattle contract will take front and center stage. Currently, the market's bullish push has already put the June contract at yet another new contract high. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado. Last week's cash cattle trade was delayed until Friday, and feedlot managers' patient marketing strategy paid dividends as prices were sharply higher. Live cattle in Kansas traded for mostly $213, which is $3 higher than the previous week's weighted average. Live cattle in Texas traded for mostly $212, which is $2 higher than the previous week's weighted average. Northern dressed cattle traded at mostly $342 to $343, which is $5 to $6 higher than the previous week's weighed average.

It's was intriguing to watch the feeder cattle complex trade through the morning as at the market's start, the spot August contract gapped higher, then shortly thereafter, traders filled in the gap but have since again pushed the contract back higher. The live cattle complex was thankful to see fed cash cattle prices trade higher last week, but the feeder cattle complex hasn't been short of support either as demand in the countryside has been red hot, with buyers knowing that the turn out season is rapidly approaching.

The lean hog complex is continuing to rally, for the most part, on the momentum which the market possessed last week. If traders are going to break through the resistance created last Friday in the spot June contract, they're going to need to see tremendous fundamental support again this week. And while midday pork cutout values were mildly higher, steady and stable demand is more of what they're looking for.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/28154046/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:July corn closed down 2 1/4 cents and December corn was down 5 1/2 cents. July soybeans closed up 3 1/4 cents and November soybeans were down 1/4 cents. July KC wheat closed down 11 1/4 cents, July Chicago wheat was down 14 cents, July Minneapolis wheat was down 9 1/2 cents.Row-crop prices were lower to start the new week, although corn and soybean futures found support by midmorning and were able to recover most of their losses. Wheat futures continue to be a popular short among traders, as Kansas City and Chicago July contracts sank to new contract lows Monday. The early weakness in corn and soybean futures can likely at least be partially attributed to conflicting reports regarding the state of trade negotiations between the U.S. and China. Outside markets were quiet and mixed for Monday as stock indices are very close to a complete recovery of losses stemming from the April 2 through April 7 tariff rout. This week is a big tech sector earnings week, which may give investors some distraction from trade-related headlines but will also undoubtedly offer insight into the effects of tariffs thus far through 2025. The U.S. dollar also edged lower Monday, perhaps offering some midday support to corn and soybean markets, although wheat futures have largely ignored any outside market signals through their two-week selloff.LIVESTOCK:The live cattle complex continued to lean into Monday trade, fully taking advantage of all the support traders were willing to lend. Later this week, the spot April contract will expire, and the June live cattle contract will take front and center stage. Currently, the market's bullish push has already put the June contract at yet another new contract high. New showlists appear to be mixed, higher in Kansas, but lower in Texas and Nebraska/Colorado. Last week's cash cattle trade was delayed until Friday, and feedlot managers' patient marketing strategy paid dividends as prices were sharply higher. Live cattle in Kansas traded for mostly $213, which is $3 higher than the previous week's weighted average. Live cattle in Texas traded for mostly $212, which is $2 higher than the previous week's weighted average. Northern dressed cattle traded at mostly $342 to $343, which is $5 to $6 higher than the previous week's weighed average. It's was intriguing to watch the feeder cattle complex trade through the morning as at the market's start, the spot August contract gapped higher, then shortly thereafter, traders filled in the gap but have since again pushed the contract back higher. The live cattle complex was thankful to see fed cash cattle prices trade higher last week, but the feeder cattle complex hasn't been short of support either as demand in the countryside has been red hot, with buyers knowing that the turn out season is rapidly approaching. The lean hog complex is continuing to rally, for the most part, on the momentum which the market possessed last week. If traders are going to break through the resistance created last Friday in the spot June contract, they're going to need to see tremendous fundamental support again this week. And while midday pork cutout values were mildly higher, steady and stable demand is more of what they're looking for. Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/28154046/web-closing-markets.mp3">HERE</a> for audio

U.S. industrial hemp production rose sharply in 2024, with total crop value reaching $445 million, a 40 percent increase over the previous year, according to the latest National Hemp Report. Planted acreage expanded to nearly 45,300 acres, up 64 percent from 2023. Harvested acreage climbed 60 percent to just under 32,700 acres. The growth reflects both increased planting and higher yields, which rose from 669 to 1,757 pounds per acre. 

Floral hemp led the surge, with production more than doubling to 20.8 million pounds, a 159 percent jump year over year. It accounted for 87 percent of the total value of hemp grown in the open, cementing its position as the industry’s economic driver. Seed hemp also posted notable gains. Its value rose nearly 500 percent to $16.9 million, the largest percentage increase among hemp categories. The report signals renewed momentum in the hemp sector, following several years of market fluctuation after legalization under the 2018 Farm Bill.

U.S. industrial hemp production rose sharply in 2024, with total crop value reaching $445 million, a 40 percent increase over the previous year, according to the latest National Hemp Report. Planted acreage expanded to nearly 45,300 acres, up 64 percent from 2023. Harvested acreage climbed 60 percent to just under 32,700 acres. The growth reflects both increased planting and higher yields, which rose from 669 to 1,757 pounds per acre. Floral hemp led the surge, with production more than doubling to 20.8 million pounds, a 159 percent jump year over year. It accounted for 87 percent of the total value of hemp grown in the open, cementing its position as the industry’s economic driver. Seed hemp also posted notable gains. Its value rose nearly 500 percent to $16.9 million, the largest percentage increase among hemp categories. The report signals renewed momentum in the hemp sector, following several years of market fluctuation after legalization under the 2018 Farm Bill.-NAFB

Hemp acreage on the rise

America urgently needs immigration reform to support US farmers, Land O’ Lakes CEO, Beth Ford, said late last week. Farmers want to support US President Donald Trump’s economic agenda, but there is “real concern” over possible labor shortages and lost profits. “What needs to be recognized is the necessity, that farmers have labor available,” Ford said. “Immigration reform, broadly, is critical.” Farmers “invest in this country,” adding that the industry is over represented in the military. 

“At the same time, there’s real concern. The first thing they talk to me about is labor, immigration, and the lack of available labor for their farms.” Immigrants make up roughly half of America’s farm laborers, said Ford, who chairs the Business Roundtable’s immigration committee. Commodity prices have slid in recent years and many farmers don’t turn a profit. With Trump’s tariffs now threatening exports, Ford said she is most worried about 2026, and how duties will reshape the trade landscape.

America urgently needs immigration reform to support US farmers, Land O’ Lakes CEO, Beth Ford, said late last week. Farmers want to support US President Donald Trump’s economic agenda, but there is “real concern” over possible labor shortages and lost profits. “What needs to be recognized is the necessity, that farmers have labor available,” Ford said. “Immigration reform, broadly, is critical.” Farmers “invest in this country,” adding that the industry is over represented in the military. “At the same time, there’s real concern. The first thing they talk to me about is labor, immigration, and the lack of available labor for their farms.” Immigrants make up roughly half of America’s farm laborers, said Ford, who chairs the Business Roundtable’s immigration committee. Commodity prices have slid in recent years and many farmers don’t turn a profit. With Trump’s tariffs now threatening exports, Ford said she is most worried about 2026, and how duties will reshape the trade landscape.-NAFB

Land O’ Lakes CEO says Trump policies are "Real Concern" in rural America

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

July corn closed down 4 3/4 cents and December corn was down 10 1/4 cents. July soybeans closed up 11 1/2 cents and November soybeans were up 2 1/2 cents. July KC wheat closed down 19 cents, July Chicago wheat was down 17 1/4 cents and July Minneapolis wheat was down 13 cents.

Agricultural markets were mixed across the board on Friday with no sizeable price shifts to speak of as trading volumes relaxed into the weekend. Corn futures inched higher following Thursday's technical rally, while soybeans and soybean oil prices eased back following strong sessions on Thursday. Wheat markets appear to have found support for the time being near contract lows, but wheat traders are keeping their fingers close to the sell button, so far not seeing any convincing developments to break out of their bearish bias. Outside markets were also quiet for Friday, with stock indices mixed, with the Dow Jones Industrial Average down but rallying off daily lows which were set following a low Consumer Confidence reading from the University of Michigan Friday morning. There remains an undertone of optimism behind the markets to finish the week, following positive trade-related reports, including rumors that the U.S. and Japan are close to a deal, which -- given Japan's importance to the U.S. as an agricultural customer -- has great potential to include purchases of U.S. grains as a part of any agreement.

The live cattle complex has been rocked back on its heels as traders tried to patiently wait for this week's cash cattle trade to develop -- but their patience is ran thin. It's assumed cash cattle prices would trade higher this week -- which traders loved the idea of as stronger cash prices will complement their push of the contracts this past week; but they also don't want to put the cart before the horse anymore and anticipate in good faith too much. More than anything traders seemed to be holding the contracts just shy of steady until developments in the cash market surface. Bids of $210 to $212 were reported in Kansas -- but feedlot managers in the South are firm in their asking prices of $214 to $215.

The spot August feeder cattle contract is inching, slowly but surely, up to the market's resistance as the August contract has a resistance threshold at $293.70. Given the grandiose support the market has seen this past week in the countryside for both feeder cattle and calves -- it's tough to say the market doesn't possess enough support to challenge resistance, it did challenge and passed that resistance mark by the closing bell.

Following the last couple days where the lean hog complex endured some pressure, traders treated the market to a sporty rally Friday which is being well complemented as both cash prices and pork cutout values are higher. Traders have already broken through the market's resistance, so it's likely they'll maintain this rally at least in the short term.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/25143754/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:July corn closed up 1 1/2 cents and December corn was down 3/4 cents. July soybeans closed down 2 3/4 cents and November soybeans were down 1/2 cents. July KC wheat closed up 1/4 cents, July Chicago wheat was up 1/2 cents, July Minneapolis wheat was down 1 1/2 cents.For the week:July corn closed down 4 3/4 cents and December corn was down 10 1/4 cents. July soybeans closed up 11 1/2 cents and November soybeans were up 2 1/2 cents. July KC wheat closed down 19 cents, July Chicago wheat was down 17 1/4 cents and July Minneapolis wheat was down 13 cents.Agricultural markets were mixed across the board on Friday with no sizeable price shifts to speak of as trading volumes relaxed into the weekend. Corn futures inched higher following Thursday's technical rally, while soybeans and soybean oil prices eased back following strong sessions on Thursday. Wheat markets appear to have found support for the time being near contract lows, but wheat traders are keeping their fingers close to the sell button, so far not seeing any convincing developments to break out of their bearish bias. Outside markets were also quiet for Friday, with stock indices mixed, with the Dow Jones Industrial Average down but rallying off daily lows which were set following a low Consumer Confidence reading from the University of Michigan Friday morning. There remains an undertone of optimism behind the markets to finish the week, following positive trade-related reports, including rumors that the U.S. and Japan are close to a deal, which -- given Japan's importance to the U.S. as an agricultural customer -- has great potential to include purchases of U.S. grains as a part of any agreement.LIVESTOCK:The live cattle complex has been rocked back on its heels as traders tried to patiently wait for this week's cash cattle trade to develop -- but their patience is ran thin. It's assumed cash cattle prices would trade higher this week -- which traders loved the idea of as stronger cash prices will complement their push of the contracts this past week; but they also don't want to put the cart before the horse anymore and anticipate in good faith too much. More than anything traders seemed to be holding the contracts just shy of steady until developments in the cash market surface. Bids of $210 to $212 were reported in Kansas -- but feedlot managers in the South are firm in their asking prices of $214 to $215. The spot August feeder cattle contract is inching, slowly but surely, up to the market's resistance as the August contract has a resistance threshold at $293.70. Given the grandiose support the market has seen this past week in the countryside for both feeder cattle and calves -- it's tough to say the market doesn't possess enough support to challenge resistance, it did challenge and passed that resistance mark by the closing bell.Following the last couple days where the lean hog complex endured some pressure, traders treated the market to a sporty rally Friday which is being well complemented as both cash prices and pork cutout values are higher. Traders have already broken through the market's resistance, so it's likely they'll maintain this rally at least in the short term.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/25143754/web-closing-markets.mp3">HERE</a> for audio

Ethanol output jumped to the highest level in three weeks, and inventories dropped during the seven days ending on April 18. Data from the Energy Information Administration says production rose to an average of 1.033 million barrels a day. That’s up from 1.012 million barrels the week prior and the highest since March 28. 

The Midwest produces the most ethanol in the country, and output rose to 976,000 barrels a day up from 955,000 the previous week, also the highest in three weeks. Gulf Coast production increased to 25,000 barrels a day, up from 24,000 barrels a week earlier. That was all the gains, as East Coast output was unchanged for the third straight week at 12,000 barrels a day. Rocky Mountain production fell by 1,000 barrels a day to 10,000 barrels on average, and West Coast output dropped by the same amount to 9,000 barrels a day. 

By: NATHAN STUEDLESt. Joseph PostEthanol output jumped to the highest level in three weeks, and inventories dropped during the seven days ending on April 18. Data from the Energy Information Administration says production rose to an average of 1.033 million barrels a day. That’s up from 1.012 million barrels the week prior and the highest since March 28. The Midwest produces the most ethanol in the country, and output rose to 976,000 barrels a day up from 955,000 the previous week, also the highest in three weeks. Gulf Coast production increased to 25,000 barrels a day, up from 24,000 barrels a week earlier. That was all the gains, as East Coast output was unchanged for the third straight week at 12,000 barrels a day. Rocky Mountain production fell by 1,000 barrels a day to 10,000 barrels on average, and West Coast output dropped by the same amount to 9,000 barrels a day.

Highest ethanol production in three weeks

For most U.S. farm households, income from off-farm jobs like teaching, driving a bus, or managing a bank branch helps keep an operation running. In 2023, an AFBF Market Intel Report says 23 percent of farm household income for farm families comes from farming itself, which means 77 percent of the income comes from other sources. In 2023, 96 percent of farm operators earned money from off-farm sources. 

About 72 percent of the off-farm income in recent years has come from earned sources like wages and salaries (61 percent) and non-farm business income (11 percent). The other 28 percent came from unearned sources like Social Security, veteran’s benefits, pensions, dividends, and interest. The smaller the farm, the more dependent on off-farm employment. Among farms with less than $100,000 in gross sales, over 60 percent of those operators worked at least one day off the farm. 

For most U.S. farm households, income from off-farm jobs like teaching, driving a bus, or managing a bank branch helps keep an operation running. In 2023, an AFBF Market Intel Report says 23 percent of farm household income for farm families comes from farming itself, which means 77 percent of the income comes from other sources. In 2023, 96 percent of farm operators earned money from off-farm sources. About 72 percent of the off-farm income in recent years has come from earned sources like wages and salaries (61 percent) and non-farm business income (11 percent). The other 28 percent came from unearned sources like Social Security, veteran’s benefits, pensions, dividends, and interest. The smaller the farm, the more dependent on off-farm employment. Among farms with less than $100,000 in gross sales, over 60 percent of those operators worked at least one day off the farm. -NAFB

Off-farm income keeping some operations afloat

May corn closed up 5 1/4 cents and December corn was up 2 cents. May soybeans closed up 12 3/4 cents and November soybeans were up 8 cents. July KC wheat closed up 1/2 cents, July Chicago wheat was up 1 cents, July Minneapolis wheat was up 3/4 cents.

It was overall a strong day for U.S. row-crop markets as corn and wheat futures reversed from recent down spells in price, attracting buyers at support points on their respective charts. For wheat, prices spent much of the session lower before buyers stepped in by the early afternoon to spark a reversal. Soybean futures accelerated gains throughout the session, turning what was initially a respectable 5- to 6-cent move into a double-digit push higher, making technical headway in the process. Outside markets were mostly of a positive influence on the ag complex Thursday, with stock indices higher, a weaker U.S. dollar, and steady energy prices.

The live cattle complex yet again traded mostly higher as traders continue to believe in the market's long-term bullishness. The nearby June contract the lone exception only slightly lower, but that seems to be a mere pause in the market's rally until traders are given green-light fundamentally, which hopefully will come in the form of stronger cash cattle sales. It's fully anticipated that fed cash cattle prices will be higher again this week, but no trade has developed just yet.

The feeder cattle complex finished the session strong in the last hour of trade, eliminating red from the board. Traders are hoping more fundamental support will develop but have nothing tangible to ease their jitters. Demand still remains utterly incredible in the countryside, and that seems to be helping traders in this exact scenario.

The only real win throughout the day for the lean hog complex was the fact that midday pork cutout values were higher. But in the wake of sharply lower exports, lower cash prices and some technical hesitancy, the contracts were trading softly lower. At this point it's likely that packers have fulfilled their bulk needs in the cash market and will only vaguely participate through the remainder of the week.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/24145520/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:May corn closed up 5 1/4 cents and December corn was up 2 cents. May soybeans closed up 12 3/4 cents and November soybeans were up 8 cents. July KC wheat closed up 1/2 cents, July Chicago wheat was up 1 cents, July Minneapolis wheat was up 3/4 cents.It was overall a strong day for U.S. row-crop markets as corn and wheat futures reversed from recent down spells in price, attracting buyers at support points on their respective charts. For wheat, prices spent much of the session lower before buyers stepped in by the early afternoon to spark a reversal. Soybean futures accelerated gains throughout the session, turning what was initially a respectable 5- to 6-cent move into a double-digit push higher, making technical headway in the process. Outside markets were mostly of a positive influence on the ag complex Thursday, with stock indices higher, a weaker U.S. dollar, and steady energy prices.LIVESTOCK:The live cattle complex yet again traded mostly higher as traders continue to believe in the market's long-term bullishness. The nearby June contract the lone exception only slightly lower, but that seems to be a mere pause in the market's rally until traders are given green-light fundamentally, which hopefully will come in the form of stronger cash cattle sales. It's fully anticipated that fed cash cattle prices will be higher again this week, but no trade has developed just yet. The feeder cattle complex finished the session strong in the last hour of trade, eliminating red from the board. Traders are hoping more fundamental support will develop but have nothing tangible to ease their jitters. Demand still remains utterly incredible in the countryside, and that seems to be helping traders in this exact scenario.The only real win throughout the day for the lean hog complex was the fact that midday pork cutout values were higher. But in the wake of sharply lower exports, lower cash prices and some technical hesitancy, the contracts were trading softly lower. At this point it's likely that packers have fulfilled their bulk needs in the cash market and will only vaguely participate through the remainder of the week.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/24145520/web-closing-markets.mp3">HERE</a> for audio

Many provisions in the 2017 Tax Cuts and Jobs Act are set to expire this year. The American Farm Bureau says that adds a big task to the Congressional to-do list: updating the tax code. Many of those expiring provisions provide important relief for farm families. AFBF Associate Economist Samantha Ayoub says while reductions in the corporate income tax rates were made permanent in 2017, income tax cuts for individuals began to phase out in 2022, with the biggest tax increases are coming with expirations at the end of this year. 

For some farm families, grieving the loss of a loved one comes with an additional burden, that being a hefty tax on everything their family member left to them. Without an act of Congress, the estate tax exemption will drop by 50 percent to $7.61 million on January 1, 2026, putting the future of thousands of family farms at risk.

Many provisions in the 2017 Tax Cuts and Jobs Act are set to expire this year. The American Farm Bureau says that adds a big task to the Congressional to-do list: updating the tax code. Many of those expiring provisions provide important relief for farm families. AFBF Associate Economist Samantha Ayoub says while reductions in the corporate income tax rates were made permanent in 2017, income tax cuts for individuals began to phase out in 2022, with the biggest tax increases are coming with expirations at the end of this year. For some farm families, grieving the loss of a loved one comes with an additional burden, that being a hefty tax on everything their family member left to them. Without an act of Congress, the estate tax exemption will drop by 50 percent to $7.61 million on January 1, 2026, putting the future of thousands of family farms at risk.-NAFB

Death taxes threaten farm families

May corn closed down 3 3/4 cents and December corn was down 3 1/2 cents. May soybeans closed up 5 1/4 cents and November soybeans were up 1 cents. May KC wheat closed down 8 1/4 cents, May Chicago wheat was down 7 1/4 cents, May Minneapolis wheat was down 4 cents.

President Trump said on Tuesday afternoon that the extremely elevated tariffs of 145% (ranging as high as 245% depending on the product in question) could possibly be reduced, likely in an attempt to bring China to the table for negotiations after Chinese officials reiterated Wednesday willingness to talks but not under the recent series of escalations and threats. No official decision has been announced but these positive comments, coupled with a similar sentiment from Treasury Secretary Bessent on Tuesday, allowed soybean prices to build off Tuesday's session to trade back among the strongest price in almost two months. Meanwhile, wheat prices continue to be pressured by the current U.S. weather forecasts, with Kansas City futures hitting a fresh contract low on the May board on Wednesday. Corn futures were down as well, pressured by wheat and good weather for development in Brazil. Outside markets were of mixed influence on ag products on Wednesday, with stock indices higher, but the U.S. dollar also higher and crude oil posting a reversal candle lower lent some pressure to the ag complex.

The live cattle complex was able to successfully maintain its higher position through Wednesday's trade which is quite commendable given that the market gapped higher at the day's start and traded slightly above the spot June contract's previous resistance level. Traders are likely to monitor fundamental support closely through the later part of the week as they're hoping to see support from both cash prices and boxed beef prices compliment their higher push this morning. Still no developments have surfaced in the cash cattle market and trade will likely be delayed until Thursday, or even Friday.

The feeder cattle complex did not see quite as much momentum in its market as compared to the live cattle contracts, but they still traded higher, nonetheless. The feeder cattle complex seems more concerned about its technical resistance pressure as traders haven't taken on the looming resistance at $293.00 in the spot August contract.

The lean hog complex's rally has been slightly broken as the nearby contracts traded softly lower while the deferred months continued to push mildly higher. It was pretty impressive that the lean hog complex had a nine straight day consecutive rally which helped propel the spot June contract to the highest price the market has traded since late February. But after such aggressive technical footwork, the market seemed to cool its momentum as traders look around to see if the markets' fundamentals are going to support such a move.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/23150333/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:May corn closed down 3 3/4 cents and December corn was down 3 1/2 cents. May soybeans closed up 5 1/4 cents and November soybeans were up 1 cents. May KC wheat closed down 8 1/4 cents, May Chicago wheat was down 7 1/4 cents, May Minneapolis wheat was down 4 cents.President Trump said on Tuesday afternoon that the extremely elevated tariffs of 145% (ranging as high as 245% depending on the product in question) could possibly be reduced, likely in an attempt to bring China to the table for negotiations after Chinese officials reiterated Wednesday willingness to talks but not under the recent series of escalations and threats. No official decision has been announced but these positive comments, coupled with a similar sentiment from Treasury Secretary Bessent on Tuesday, allowed soybean prices to build off Tuesday's session to trade back among the strongest price in almost two months. Meanwhile, wheat prices continue to be pressured by the current U.S. weather forecasts, with Kansas City futures hitting a fresh contract low on the May board on Wednesday. Corn futures were down as well, pressured by wheat and good weather for development in Brazil. Outside markets were of mixed influence on ag products on Wednesday, with stock indices higher, but the U.S. dollar also higher and crude oil posting a reversal candle lower lent some pressure to the ag complex.LIVESTOCK:The live cattle complex was able to successfully maintain its higher position through Wednesday's trade which is quite commendable given that the market gapped higher at the day's start and traded slightly above the spot June contract's previous resistance level. Traders are likely to monitor fundamental support closely through the later part of the week as they're hoping to see support from both cash prices and boxed beef prices compliment their higher push this morning. Still no developments have surfaced in the cash cattle market and trade will likely be delayed until Thursday, or even Friday.The feeder cattle complex did not see quite as much momentum in its market as compared to the live cattle contracts, but they still traded higher, nonetheless. The feeder cattle complex seems more concerned about its technical resistance pressure as traders haven't taken on the looming resistance at $293.00 in the spot August contract.The lean hog complex's rally has been slightly broken as the nearby contracts traded softly lower while the deferred months continued to push mildly higher. It was pretty impressive that the lean hog complex had a nine straight day consecutive rally which helped propel the spot June contract to the highest price the market has traded since late February. But after such aggressive technical footwork, the market seemed to cool its momentum as traders look around to see if the markets' fundamentals are going to support such a move. Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/23150333/web-closing-markets.mp3">HERE</a> for audio

U.S. egg production totaled 8.63 billion during March 2025, down seven percent from last year. Production included 7.35 billion table eggs and 1.28 billion hatching eggs, of which 1.18 billion were broiler-type and 104 million were egg-type. The average number of layers during March totaled 351 million, down eight percent from last year. March egg production per 100 layers was 2,458 eggs, up slightly from March 2024. Total layers in the U.S. on April 1, 2025, totaled 351 million, down eight percent from last year. 

The 351 million consisted of 287 million layers producing table or market-type eggs, 60.4 million layers producing broiler-type hatching eggs, and four million layers producing egg-type hatching eggs. The rate of lay per day on April 1 averaged 79.1 eggs per 100 layers, down slightly from April 1, 2024. Egg-type chicks hatched during March totaled 60.7 million, up 11 percent from March 2024.&nbsp;

U.S. egg production totaled 8.63 billion during March 2025, down seven percent from last year. Production included 7.35 billion table eggs and 1.28 billion hatching eggs, of which 1.18 billion were broiler-type and 104 million were egg-type. The average number of layers during March totaled 351 million, down eight percent from last year. March egg production per 100 layers was 2,458 eggs, up slightly from March 2024. Total layers in the U.S. on April 1, 2025, totaled 351 million, down eight percent from last year. The 351 million consisted of 287 million layers producing table or market-type eggs, 60.4 million layers producing broiler-type hatching eggs, and four million layers producing egg-type hatching eggs. The rate of lay per day on April 1 averaged 79.1 eggs per 100 layers, down slightly from April 1, 2024. Egg-type chicks hatched during March totaled 60.7 million, up 11 percent from March 2024.&nbsp;-NAFB

March egg production down seven percent

Farm bankruptcies grew 55 percent from 2023 to 2024 and are trending even higher in 2025. Farmers are continuing to struggle with low prices for their agricultural commodities and the high costs of inputs needed to grow those crops. Reports say unpredictable tariffs, immigration overhauls, federal programs being cut, and frozen USDA funding are now part of the challenges farmers face as they look for financial assistance. 

The Federal Reserve Bank in Chicago says the share of the district’s farm loan portfolio assessed as having “major or severe” repayment problems was 4.3 percent in the fourth quarter of 2024, the highest point it reached since late in 2020. The Kansas City Fed said at the end of March that as farm debt grew and conditions in the farm economy deteriorated, delinquency rates increased modestly from historic lows. The American Farmland Owner says Iowa leads all other states with 12 bankruptcies this year.  

Farm bankruptcies grew 55 percent from 2023 to 2024 and are trending even higher in 2025. Farmers are continuing to struggle with low prices for their agricultural commodities and the high costs of inputs needed to grow those crops. Reports say unpredictable tariffs, immigration overhauls, federal programs being cut, and frozen USDA funding are now part of the challenges farmers face as they look for financial assistance. The Federal Reserve Bank in Chicago says the share of the district’s farm loan portfolio assessed as having “major or severe” repayment problems was 4.3 percent in the fourth quarter of 2024, the highest point it reached since late in 2020. The Kansas City Fed said at the end of March that as farm debt grew and conditions in the farm economy deteriorated, delinquency rates increased modestly from historic lows. The American Farmland Owner says Iowa leads all other states with 12 bankruptcies this year. -NAFB

Farm bankruptcies to climb in 2025

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

Ag markets continued their subdued, choppy nature Tuesday, with soybean prices showing life to recover Monday's losses. Meanwhile corn futures broke to their lowest price since April 10 but also held chart support. Wheat prices traded lower despite slightly declining conditions reported by the USDA in Monday's Crop Progress report, as rainfall remains in the forecast across the Midwest, with coverage stretching into western hard red growing areas, many of which had been dry through the winter. Overall, Tuesday's trade continued to be driven by mainly technical features as fresh fundamental drivers were lacking. In outside markets, it was a day of recovery as stocks rebounded from the Trump-versus-Powell-induced selloff to begin the week, helped along by positive trade comments from Treasury Secretary Scott Bessent. The U.S. dollar also posted a modest move higher as a result.

The live cattle complex was back in action as the market was fronting a promising $1.00 to $2.50 push heading into Tuesday's close. The market is close to nearing resistance pressure in the spot June contract, but if fundamental support is ample this week (especially in the form of strong box prices and fed cash cattle prices) there's a chance that traders could take on the market's resistance. The only other key fundamental component that needs to be monitored this week is throughput, as Monday's slaughter was light at just 100,000 head.

The bullish front of the cattle complex is being spurred on by the feeder cattle complex as all of its contracts traded higher into the day's closing bell. Like the spot June live cattle contract, the spot May feeder cattle contract is nearing market resistance that could be problematic for traders if they don't see continued fundamental support later this week.

The lean hog complex also enjoyed a fruitful day where the front four contracts were trading above $1.00 higher. It's rather impressive to see the spot June contract trading at the highest it's been since the end of February, and the market is also on its ninth consecutive day of higher trading. The additional support of stronger pork cutout values is lending a helping hand as well, which is mainly to thank again this morning because of the $3.47 jump in the belly.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/22141443/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:May corn closed down 6 cents and December corn was down 6 1/2 cents. May soybeans closed up 5 1/2 cents and November soybeans were up 3/4 cents. May KC wheat closed down 4 3/4 cents, May Chicago wheat was down 3 cents, May Minneapolis wheat was down 4 1/2 cents.Ag markets continued their subdued, choppy nature Tuesday, with soybean prices showing life to recover Monday's losses. Meanwhile corn futures broke to their lowest price since April 10 but also held chart support. Wheat prices traded lower despite slightly declining conditions reported by the USDA in Monday's Crop Progress report, as rainfall remains in the forecast across the Midwest, with coverage stretching into western hard red growing areas, many of which had been dry through the winter. Overall, Tuesday's trade continued to be driven by mainly technical features as fresh fundamental drivers were lacking. In outside markets, it was a day of recovery as stocks rebounded from the Trump-versus-Powell-induced selloff to begin the week, helped along by positive trade comments from Treasury Secretary Scott Bessent. The U.S. dollar also posted a modest move higher as a result.LIVESTOCK:The live cattle complex was back in action as the market was fronting a promising $1.00 to $2.50 push heading into Tuesday's close. The market is close to nearing resistance pressure in the spot June contract, but if fundamental support is ample this week (especially in the form of strong box prices and fed cash cattle prices) there's a chance that traders could take on the market's resistance. The only other key fundamental component that needs to be monitored this week is throughput, as Monday's slaughter was light at just 100,000 head.The bullish front of the cattle complex is being spurred on by the feeder cattle complex as all of its contracts traded higher into the day's closing bell. Like the spot June live cattle contract, the spot May feeder cattle contract is nearing market resistance that could be problematic for traders if they don't see continued fundamental support later this week.The lean hog complex also enjoyed a fruitful day where the front four contracts were trading above $1.00 higher. It's rather impressive to see the spot June contract trading at the highest it's been since the end of February, and the market is also on its ninth consecutive day of higher trading. The additional support of stronger pork cutout values is lending a helping hand as well, which is mainly to thank again this morning because of the $3.47 jump in the belly.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/22141443/web-closing-markets.mp3">HERE</a> for audio

The USDA reminds agricultural producers that the final date to apply for or make changes to their existing crop insurance coverage is quickly approaching for summer planted crops, annual forage, and forage seeding. Sales closing dates vary by crop, but the next major sales closing dates are May 1, July 15, and July 31. Producers are encouraged to visit their crop insurance agents soon to learn specific details for the 2025 crop year. 

The USDA reminds agricultural producers that the final date to apply for or make changes to their existing crop insurance coverage is quickly approaching for summer planted crops, annual forage, and forage seeding. Sales closing dates vary by crop, but the next major sales closing dates are May 1, July 15, and July 31. Producers are encouraged to visit their crop insurance agents soon to learn specific details for the 2025 crop year.

Important crop deadlines drawing closer

Producers in Missouri saw 4.8 days suitable for fieldwork in the week ending April 21st. Statewide, the average temperature was just under 61 degrees, nearly 4 degrees above normal. Precipitation averaged seven-tenths of an inch, three-tenths below normal. Topsoil moisture supply was rated 28 percent short to very short, and 72 percent adequate. Subsoil moisture supply was rated at 46 percent short to very short, and 54 percent adequate. 

Corn planted reached 47 percent, more than double the 5-year average of 21 percent. Corn emerged reached 12 percent, compared to the 5-year average of just 3 percent. Soybeans planted reached 16 percent, compared to the 5-year average of only 3 percent. Winter wheat headed reached 23 percent, compared to the 5-year average of 5 percent with condition at 2% poor to very poor, 21 percent fair, 77 percent good to excellent.

By: NATHAN STUEDLESt. Joseph PostProducers in Missouri saw 4.8 days suitable for fieldwork in the week ending April 21st. Statewide, the average temperature was just under 61 degrees, nearly 4 degrees above normal. Precipitation averaged seven-tenths of an inch, three-tenths below normal. Topsoil moisture supply was rated 28 percent short to very short, and 72 percent adequate. Subsoil moisture supply was rated at 46 percent short to very short, and 54 percent adequate. Corn planted reached 47 percent, more than double the 5-year average of 21 percent. Corn emerged reached 12 percent, compared to the 5-year average of just 3 percent. Soybeans planted reached 16 percent, compared to the 5-year average of only 3 percent. Winter wheat headed reached 23 percent, compared to the 5-year average of 5 percent with condition at 2% poor to very poor, 21 percent fair, 77 percent good to excellent.

Early planting is slightly ahead of schedule

The 97th Missouri FFA State Convention will run Wednesday through Friday in Columbia. More than 8,000 students and guests are expected to attend the convention at the Hearnes Center.  The state association will present state FFA degrees to over 1,000 members for their agricultural and leadership achievements.  The State Star Farmer, State Star in Agribusiness, State Star in Placement, and State Star in Agriscience will also be named.  A total of 519 FFA members will receive awards in 45 ag proficiency areas, including production, management, and communications disciplines. 

By: NATHAN STUEDLESt. Joseph PostThe 97th Missouri FFA State Convention will run Wednesday through Friday in Columbia. More than 8,000 students and guests are expected to attend the convention at the Hearnes Center. The state association will present state FFA degrees to over 1,000 members for their agricultural and leadership achievements. The State Star Farmer, State Star in Agribusiness, State Star in Placement, and State Star in Agriscience will also be named. A total of 519 FFA members will receive awards in 45 ag proficiency areas, including production, management, and communications disciplines.

State FFA convention begins Wednesday in Columbia

May corn closed down 1/2 cents and December corn was down 1 1/2 cents. May soybeans closed down 7 cents and November soybeans were down 6 3/4 cents. May KC wheat closed down 6 3/4 cents, May Chicago wheat was down 10 1/4 cents, May Minneapolis wheat was down 5 1/4 cents.

It was another slow session for U.S. ag markets to begin the new week, with relatively low volume behind the trade as corn and soy continue to stall at chart resistance. Wheat markets are quickly retreating back toward long-term support on Kansas City futures, with decent rainfall across the Southern Plains and the forecast for more chances over the next two weeks being the main source of pressure to wheat prices. In outside markets, following a brief period of stabilization, stock indices have turned heavily downward over the past three sessions as President Trump has voiced his displeasure with Fed Chair Jerome Powell's monetary policy in recent days, leading to unease among investors. The U.S Dollar Index made a new low for its move Monday morning, hitting its lowest level since March of 2022. Meanwhile, gold futures surged to fresh all-time highs amid vast uncertainty in markets.

The live cattle complex seemed as though it wanted to trade higher -- but as the days' time slowly passed by, skepticism was center-stage for the cattle complex. One could point to last Friday's Cattle on Feed report for something to blame, but traders are closely monitoring the equity markets and aren't going to trade too oppositely of what they're doing. And while this may be the market's direction currently, the bullish push in last week's fed cash cattle market amid higher prices already this morning for boxed beef to be an equally compelling argument as to why the market should trade higher. So once again here we sit, waiting for time to solve the puzzle.

The feeder cattle contracts also traded lower, not finding enough immediate support in Monday's market to justify pressuring resistance and advancing the contracts any higher. It will be interesting to see if sales are met with the same kind of demand this week.

The lean hog complex continued to grind higher, although a couple of the nearly contracts traded slightly lower at various points in the day, as traders question if the market has enough support to take on immediate resistance thresholds. The Spot June contract is currently trading near the highest point in which the market has traded since the middle of March.

Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/21151803/web-closing-markets.mp3">HERE</a> for audio

By: NATHAN STUEDLESt. Joseph PostGRAINS:May corn closed down 1/2 cents and December corn was down 1 1/2 cents. May soybeans closed down 7 cents and November soybeans were down 6 3/4 cents. May KC wheat closed down 6 3/4 cents, May Chicago wheat was down 10 1/4 cents, May Minneapolis wheat was down 5 1/4 cents.It was another slow session for U.S. ag markets to begin the new week, with relatively low volume behind the trade as corn and soy continue to stall at chart resistance. Wheat markets are quickly retreating back toward long-term support on Kansas City futures, with decent rainfall across the Southern Plains and the forecast for more chances over the next two weeks being the main source of pressure to wheat prices. In outside markets, following a brief period of stabilization, stock indices have turned heavily downward over the past three sessions as President Trump has voiced his displeasure with Fed Chair Jerome Powell's monetary policy in recent days, leading to unease among investors. The U.S Dollar Index made a new low for its move Monday morning, hitting its lowest level since March of 2022. Meanwhile, gold futures surged to fresh all-time highs amid vast uncertainty in markets.LIVESTOCK:The live cattle complex seemed as though it wanted to trade higher -- but as the days' time slowly passed by, skepticism was center-stage for the cattle complex. One could point to last Friday's Cattle on Feed report for something to blame, but traders are closely monitoring the equity markets and aren't going to trade too oppositely of what they're doing. And while this may be the market's direction currently, the bullish push in last week's fed cash cattle market amid higher prices already this morning for boxed beef to be an equally compelling argument as to why the market should trade higher. So once again here we sit, waiting for time to solve the puzzle. The feeder cattle contracts also traded lower, not finding enough immediate support in Monday's market to justify pressuring resistance and advancing the contracts any higher. It will be interesting to see if sales are met with the same kind of demand this week.The lean hog complex continued to grind higher, although a couple of the nearly contracts traded slightly lower at various points in the day, as traders question if the market has enough support to take on immediate resistance thresholds. The Spot June contract is currently trading near the highest point in which the market has traded since the middle of March.Click <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/04/21151803/web-closing-markets.mp3">HERE</a> for audio

Reports continue to say the Trump administration is planning to severely scale back or end all funding for many of the key programs in the Agriculture Department. That’s according to White House documents obtained by Government Executive, which reports that the administration wants to cut workers and whole offices at the local level. A document from the Office of Management and Budget proposes fiscal 2026 funding levels that would gut research and conservation efforts and trim almost all program budgets across the board. 

OMB says many difficult decisions will become necessary to reach that proposed spending level for the upcoming fiscal year. The Farm Service Agency, the Natural Resources Conservation Service, and USDA’s Rural Development employ almost 20,000 workers between them. One official who helps oversee the agencies said the proposed changes to the budget would lead to office closures at the local level and affect people face-to-face with farmers. 

Reports continue to say the Trump administration is planning to severely scale back or end all funding for many of the key programs in the Agriculture Department. That’s according to White House documents obtained by Government Executive, which reports that the administration wants to cut workers and whole offices at the local level. A document from the Office of Management and Budget proposes fiscal 2026 funding levels that would gut research and conservation efforts and trim almost all program budgets across the board. OMB says many difficult decisions will become necessary to reach that proposed spending level for the upcoming fiscal year. The Farm Service Agency, the Natural Resources Conservation Service, and USDA’s Rural Development employ almost 20,000 workers between them. One official who helps oversee the agencies said the proposed changes to the budget would lead to office closures at the local level and affect people face-to-face with farmers. - NAFB