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

Tuesday was an overall mixed to lower day across U.S. row-crop markets, with grain futures easing and oilseed futures surrendering early gains and a selling mindset overtook most markets by early afternoon. Most of the early positive influence on the soybean complex likely came via outside energy markets on Tuesday, with crude oil futures firm on buying interest following last week's profit-taking pullback, and natural gas futures leading the sector with a 25% daily surge amid a return to very cold conditions across the U.S. after a very mild past month. Lastly, stocks and the U.S. Dollar Index both saw intense selling to start the shortened trading week following a heightening of tensions between the U.S. and Europe over President Trump's plans to acquire Greenland, with the president threatening a fresh round of tariff increases on eight countries if a deal is not reached allowing for the U.S. purchase of Greenland.

Following last Friday's sharp decline, the live cattle complex traded cautiously higher into the closing bell on Tuesday. The spot April contract is hovering above the market's 100-day moving average, which remains a very critical threshold to monitor, as a close below that price point could signal continued downward pressure. Still nothing has developed in this week's fed cash cattle market and won't likely until Thursday or Friday. New showlists appear to be mixed, higher in Kansas, about steady in Nebraska/Colorado, but lower in Texas. Boxed beef prices are mixed: choice up $1.99 ($366.32) and select down $0.79 ($359.54) with a movement of 54 loads (42.95 loads of choice, 6.13 loads of select, zero loads of trim and 5.24 loads of ground beef).

And much like the live cattle complex, the feeder cattle contracts are trading slightly higher into midday Tuesday following last Friday's severe break. The feeder cattle complex will likely continue to follow in the live cattle market's wake, waiting and hoping for increased fundamental support.

The lean hog complex is traded narrowly mixed on Tuesday, seeming technically unafraid that the market is breaking into new contract highs in the spot April contract. It is worth noting that pork cutouts were higher, but it will remain critical that fundamental support remains strong this week if traders are going to keep their momentum in the market.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/20142724/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 1 cents and May corn was down 3/4 cents. March soybeans closed down 4 3/4 cents and May soybeans were down 4 3/4 cents. March KC wheat closed down 4 1/4 cents, March Chicago wheat was down 7 3/4 cents, March Minneapolis wheat was down 3 cents.Tuesday was an overall mixed to lower day across U.S. row-crop markets, with grain futures easing and oilseed futures surrendering early gains and a selling mindset overtook most markets by early afternoon. Most of the early positive influence on the soybean complex likely came via outside energy markets on Tuesday, with crude oil futures firm on buying interest following last week's profit-taking pullback, and natural gas futures leading the sector with a 25% daily surge amid a return to very cold conditions across the U.S. after a very mild past month. Lastly, stocks and the U.S. Dollar Index both saw intense selling to start the shortened trading week following a heightening of tensions between the U.S. and Europe over President Trump's plans to acquire Greenland, with the president threatening a fresh round of tariff increases on eight countries if a deal is not reached allowing for the U.S. purchase of Greenland.LIVESTOCK:Following last Friday's sharp decline, the live cattle complex traded cautiously higher into the closing bell on Tuesday. The spot April contract is hovering above the market's 100-day moving average, which remains a very critical threshold to monitor, as a close below that price point could signal continued downward pressure. Still nothing has developed in this week's fed cash cattle market and won't likely until Thursday or Friday. New showlists appear to be mixed, higher in Kansas, about steady in Nebraska/Colorado, but lower in Texas. Boxed beef prices are mixed: choice up $1.99 ($366.32) and select down $0.79 ($359.54) with a movement of 54 loads (42.95 loads of choice, 6.13 loads of select, zero loads of trim and 5.24 loads of ground beef).And much like the live cattle complex, the feeder cattle contracts are trading slightly higher into midday Tuesday following last Friday's severe break. The feeder cattle complex will likely continue to follow in the live cattle market's wake, waiting and hoping for increased fundamental support. The lean hog complex is traded narrowly mixed on Tuesday, seeming technically unafraid that the market is breaking into new contract highs in the spot April contract. It is worth noting that pork cutouts were higher, but it will remain critical that fundamental support remains strong this week if traders are going to keep their momentum in the market.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/20142724/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

The U.S. Supreme Court will review the Durnell Roundup case. Monsanto had petitioned the court to hear Durnell in April 2025. The company asked the Court to address the split in authority among federal circuit courts on the application of federal preemption, a cross-cutting issue in the Roundup litigation. The company expects a decision on the merits during the Court’s 2026 session, which ends in June. 

“The Supreme Court decision to take the case is good news for U.S. farmers, who need regulatory clarity,” said Bayer CEO Bill Anderson. “It’s also an important step in our multi-pronged strategy to significantly contain this legislation.” Anderson also said it’s time for the U.S. legal system to establish that companies should not be punished under state laws for complying with federal warning label requirements, as every leading regulator in the world has concluded that glyphosate-based herbicides can be used safely.

The U.S. Supreme Court will review the Durnell Roundup case. Monsanto had petitioned the court to hear Durnell in April 2025. The company asked the Court to address the split in authority among federal circuit courts on the application of federal preemption, a cross-cutting issue in the Roundup litigation. The company expects a decision on the merits during the Court’s 2026 session, which ends in June. “The Supreme Court decision to take the case is good news for U.S. farmers, who need regulatory clarity,” said Bayer CEO Bill Anderson. “It’s also an important step in our multi-pronged strategy to significantly contain this legislation.” Anderson also said it’s time for the U.S. legal system to establish that companies should not be punished under state laws for complying with federal warning label requirements, as every leading regulator in the world has concluded that glyphosate-based herbicides can be used safely.-NAFB

Bayer statement on Supreme Court case

The U.S. chicken industry is on a decades-long winning streak. Steady growth in consumer demand, coupled with efficiency gains in broiler production have powered the sector’s remarkable growth during the last thirty years. According to a new report from CoBank’s Knowledge Exchange, the near-term outlook for broiler production remains exceptionally strong. But the opportunities for increasing output are becoming more limited. Higher capital costs, tight labor availability, and increased local regulation have stalled site expansions. 

Chick availability has trended downward as genetic priorities have shifted from hatchability to meat yield, and adding more pounds per bird has its limits. “The potential long-term challenge becomes how big is too big for birds on the processing line, and what will drive consumer preferences for chicken products into 2030 and beyond,” said Brian Earnest, lead animal protein economist at CoBank. With a change in genetics, producers can now get over 1,000 pounds of chicken from a single egg-laying hen. 

The U.S. chicken industry is on a decades-long winning streak. Steady growth in consumer demand, coupled with efficiency gains in broiler production have powered the sector’s remarkable growth during the last thirty years. According to a new report from CoBank’s Knowledge Exchange, the near-term outlook for broiler production remains exceptionally strong. But the opportunities for increasing output are becoming more limited. Higher capital costs, tight labor availability, and increased local regulation have stalled site expansions. Chick availability has trended downward as genetic priorities have shifted from hatchability to meat yield, and adding more pounds per bird has its limits. “The potential long-term challenge becomes how big is too big for birds on the processing line, and what will drive consumer preferences for chicken products into 2030 and beyond,” said Brian Earnest, lead animal protein economist at CoBank. With a change in genetics, producers can now get over 1,000 pounds of chicken from a single egg-laying hen. -NAFB

Chicken demand keeps rising

By:&nbsp;<a href="https://kansasreflector.com/author/camikoons/">Cami Koons</a>

The American Farm Bureau Federation, along with soybean and specialty crop farm organizations, has asked congressional leadership for economic support to “fill in the gap of remaining losses for both field and specialty crop farmers.”&nbsp;

The&nbsp;<a href="https://www.fb.org/files/1.15.26-Ag-Letter-to-Congress-Economic-Assistance_FINAL.pdf" target="_blank">letter</a>&nbsp;follows a December announcement from the Trump administration of a&nbsp;<a href="https://iowacapitaldispatch.com/2025/12/08/repub/trump-to-send-12-billion-in-one-time-payments-to-farmers-to-offset-ag-losses/" target="_blank">$12 billion</a>&nbsp;one-time package to offset farmer losses across the country.

“These funds could provide a meaningful first step but do not cover the extensive and cumulative losses that farmers have absorbed over the last several years,” the letter said after acknowledging the farmer bridge payment program.&nbsp;

The U.S. Department of Agriculture is allocating the&nbsp;<a href="https://www.fsa.usda.gov/resources/programs/farmer-bridge-assistance-fba-program" target="_blank">funding</a>&nbsp;with commodity specific payment rates and set aside $1 billion of the $12 billion for specialty crop farmers.&nbsp;

The American Soybean Association, a signee on the recently submitted letter, said in a&nbsp;<a href="https://soygrowers.com/news-releases/asa-usda-farmer-bridge-assistance-payments-fall-short-for-soybean-farmers/" target="_blank">news release</a>&nbsp;the $30.88 per acre allotted for soybeans from the payment package was not enough to cover the “significant financial damage soybean farmers sustained this year due to the high cost of production and losses sustained during the China trade war.”&nbsp;

Grant Kimberley,&nbsp;Iowa Soybean Association’s director of market development, said the additional need from farmers is “complicated” and is a result of more than just one event in the past year.&nbsp;

“I think people don’t really realize this has been going on for a couple years now,” Kimberley said. “… Just about every row crop agriculture sector in the whole country has been losing money, probably, for the last three years.”

Kimberley said the ongoing downturn in the industry is due to several factors, including low commodity prices, high input costs, changes in global trade and uncertainty in domestic markets.&nbsp;

Data from Farm Bureau&nbsp;<a href="https://www.fb.org/market-intel/declining-farm-economy-continues-to-pressure-profitability" target="_blank">show</a>&nbsp;that commodity prices for major row crops like corn, soybeans, cotton and wheat have declined each year since 2022.&nbsp;

Kimberley said as the prices that farmers can get for their crops has declined, expenses have not declined, and have instead increased.&nbsp; Land, rent, equipment and inputs like fertilizer, seed and chemicals continue to squeeze farmers’ bottom lines, he said.

Farm Bureau economists found that farm expenses in 2025 were 12% higher than the previous five-year average cost.&nbsp;

Another piece to the puzzle, Kimberley explained, is the growing soybean and row crop markets in Brazil and other South American countries. He said the expansion of these markets has interrupted U.S. demand, especially with big buyers like China.&nbsp;

China also declined to purchase U.S. soybeans for the beginning part of harvest season due to President Donald Trump’s trade policies. While the country later&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/30/farm-groups-encouraged-by-trade-deal-with-china-for-u-s-soybeans/" target="_blank">agreed</a>&nbsp;to a trade deal, Kimberley said it’s less than what the country previously bought from the U.S. and the gap in purchasing this year has also had an effect.&nbsp;

Kimberley also pointed to the lack of finalized guidance from federal agencies on renewable fuel standards and tax credits. Many of these initiatives, like&nbsp;<a href="https://iowacapitaldispatch.com/briefs/biofuel-producers-stuck-in-neutral-without-finalized-tax-credit-guidance/" target="_blank">45Z tax credits</a>&nbsp;for low-carbon fuel, were initiated during the Biden administration and still do not have finalized guidelines.

Other standards, like the U.S. Environmental Protection Agency’s&nbsp;<a href="https://iowacapitaldispatch.com/2025/06/13/epa-proposes-historic-renewable-fuel-blending-standards/" target="_blank">blending standards</a>,&nbsp;were proposed over the summer and have yet to be finalized. Kimberley, who is also executive director of the Iowa Biodiesel Board, said this uncertainty means overall biodiesel production has declined in the state, causing a “ripple in the pond” for soybean demand.

“You can’t really just say it’s this or that, you know, it’s all of these things that have kind of added up a little bit over time,” Kimberley said.

The letter from American Farm Bureau Federation also noted the compounding factors squeezing farmers. According to the letter, farmer bankruptcies are increasing and nationwide farmer losses are approaching $100 billion.&nbsp;

“These trends aren’t just statistics; they represent an economic crisis in rural America,” the letter said.&nbsp;

Specialty crop farmers are also struggling under similar pressures and asked Congress for relief.&nbsp;

The majority of the more than 50 organizations that signed the letter represented specialty crop growers.&nbsp;

In a news release about the letter, the Specialty Crop Farm Bill Alliance said that despite the fact that specialty crops account for more than one-third of all U.S. crop sales, the farmer bridge program from USDA allocated just $1 billion to the industry.&nbsp;

“Any agricultural aid package should reflect the economic contribution of specialty crops, which support rural communities and provide key nutrition,” the alliance leadership said in the release.&nbsp;

The letter, addressed to House and Senate leadership, ask for “immediate” congressionally approved support.&nbsp;

Kimberley said additional changes need to occur in the farm economy for farmers to be profitable, but those changes won’t happen overnight.

“None of these things make farmers whole, and (aid packages) are not preferred, but sometimes they’re necessary,” Kimberley said.&nbsp;

This story was originally produced by&nbsp;<a href="https://iowacapitaldispatch.com/2026/01/16/farm-bureau-soybean-and-specialty-ag-groups-ask-congress-for-additional-farmer-support/" target="_blank">Iowa Capital Dispatch</a>, which is part of States Newsroom, a nonprofit news network which includes Kansas Reflector, and is supported by grants and a coalition of donors as a 501c(3) public charity.

<figure>
 <img src="https://media.eaglewebservices.com/public/2025/10/1761787157829.png" alt="Photo USDA" />
 <figcaption>Photo USDA</figcaption>
 </figure>By:&nbsp;<a href="https://kansasreflector.com/author/camikoons/">Cami Koons</a>The American Farm Bureau Federation, along with soybean and specialty crop farm organizations, has asked congressional leadership for economic support to “fill in the gap of remaining losses for both field and specialty crop farmers.”&nbsp;The&nbsp;<a href="https://www.fb.org/files/1.15.26-Ag-Letter-to-Congress-Economic-Assistance_FINAL.pdf" target="_blank">letter</a>&nbsp;follows a December announcement from the Trump administration of a&nbsp;<a href="https://iowacapitaldispatch.com/2025/12/08/repub/trump-to-send-12-billion-in-one-time-payments-to-farmers-to-offset-ag-losses/" target="_blank">$12 billion</a>&nbsp;one-time package to offset farmer losses across the country.“These funds could provide a meaningful first step but do not cover the extensive and cumulative losses that farmers have absorbed over the last several years,” the letter said after acknowledging the farmer bridge payment program.&nbsp;The U.S. Department of Agriculture is allocating the&nbsp;<a href="https://www.fsa.usda.gov/resources/programs/farmer-bridge-assistance-fba-program" target="_blank">funding</a>&nbsp;with commodity specific payment rates and set aside $1 billion of the $12 billion for specialty crop farmers.&nbsp;The American Soybean Association, a signee on the recently submitted letter, said in a&nbsp;<a href="https://soygrowers.com/news-releases/asa-usda-farmer-bridge-assistance-payments-fall-short-for-soybean-farmers/" target="_blank">news release</a>&nbsp;the $30.88 per acre allotted for soybeans from the payment package was not enough to cover the “significant financial damage soybean farmers sustained this year due to the high cost of production and losses sustained during the China trade war.”&nbsp;Grant Kimberley,&nbsp;Iowa Soybean Association’s director of market development, said the additional need from farmers is “complicated” and is a result of more than just one event in the past year.&nbsp;“I think people don’t really realize this has been going on for a couple years now,” Kimberley said. “… Just about every row crop agriculture sector in the whole country has been losing money, probably, for the last three years.”Kimberley said the ongoing downturn in the industry is due to several factors, including low commodity prices, high input costs, changes in global trade and uncertainty in domestic markets.&nbsp;Data from Farm Bureau&nbsp;<a href="https://www.fb.org/market-intel/declining-farm-economy-continues-to-pressure-profitability" target="_blank">show</a>&nbsp;that commodity prices for major row crops like corn, soybeans, cotton and wheat have declined each year since 2022.&nbsp;Kimberley said as the prices that farmers can get for their crops has declined, expenses have not declined, and have instead increased.&nbsp; Land, rent, equipment and inputs like fertilizer, seed and chemicals continue to squeeze farmers’ bottom lines, he said.Farm Bureau economists found that farm expenses in 2025 were 12% higher than the previous five-year average cost.&nbsp;Another piece to the puzzle, Kimberley explained, is the growing soybean and row crop markets in Brazil and other South American countries. He said the expansion of these markets has interrupted U.S. demand, especially with big buyers like China.&nbsp;China also declined to purchase U.S. soybeans for the beginning part of harvest season due to President Donald Trump’s trade policies. While the country later&nbsp;<a href="https://iowacapitaldispatch.com/2025/10/30/farm-groups-encouraged-by-trade-deal-with-china-for-u-s-soybeans/" target="_blank">agreed</a>&nbsp;to a trade deal, Kimberley said it’s less than what the country previously bought from the U.S. and the gap in purchasing this year has also had an effect.&nbsp;Kimberley also pointed to the lack of finalized guidance from federal agencies on renewable fuel standards and tax credits. Many of these initiatives, like&nbsp;<a href="https://iowacapitaldispatch.com/briefs/biofuel-producers-stuck-in-neutral-without-finalized-tax-credit-guidance/" target="_blank">45Z tax credits</a>&nbsp;for low-carbon fuel, were initiated during the Biden administration and still do not have finalized guidelines.Other standards, like the U.S. Environmental Protection Agency’s&nbsp;<a href="https://iowacapitaldispatch.com/2025/06/13/epa-proposes-historic-renewable-fuel-blending-standards/" target="_blank">blending standards</a>,&nbsp;were proposed over the summer and have yet to be finalized. Kimberley, who is also executive director of the Iowa Biodiesel Board, said this uncertainty means overall biodiesel production has declined in the state, causing a “ripple in the pond” for soybean demand.“You can’t really just say it’s this or that, you know, it’s all of these things that have kind of added up a little bit over time,” Kimberley said.The letter from American Farm Bureau Federation also noted the compounding factors squeezing farmers. According to the letter, farmer bankruptcies are increasing and nationwide farmer losses are approaching $100 billion.&nbsp;“These trends aren’t just statistics; they represent an economic crisis in rural America,” the letter said.&nbsp;Specialty crop farmers are also struggling under similar pressures and asked Congress for relief.&nbsp;The majority of the more than 50 organizations that signed the letter represented specialty crop growers.&nbsp;In a news release about the letter, the Specialty Crop Farm Bill Alliance said that despite the fact that specialty crops account for more than one-third of all U.S. crop sales, the farmer bridge program from USDA allocated just $1 billion to the industry.&nbsp;“Any agricultural aid package should reflect the economic contribution of specialty crops, which support rural communities and provide key nutrition,” the alliance leadership said in the release.&nbsp;The letter, addressed to House and Senate leadership, ask for “immediate” congressionally approved support.&nbsp;Kimberley said additional changes need to occur in the farm economy for farmers to be profitable, but those changes won’t happen overnight.“None of these things make farmers whole, and (aid packages) are not preferred, but sometimes they’re necessary,” Kimberley said.&nbsp;This story was originally produced by&nbsp;<a href="https://iowacapitaldispatch.com/2026/01/16/farm-bureau-soybean-and-specialty-ag-groups-ask-congress-for-additional-farmer-support/" target="_blank">Iowa Capital Dispatch</a>, which is part of States Newsroom, a nonprofit news network which includes Kansas Reflector, and is supported by grants and a coalition of donors as a 501c(3) public charity.

Farm Bureau, soybean and specialty ag groups ask Congress for more support

Celebrations recognizing women’s contributions to agriculture are expected to be widespread this year as the International Year of the Woman Farmer gains momentum across the United States. 

From farm and trade association meetings to state agriculture departments and Capitol Hill, the designation highlights women who lead both on the farm and in agribusiness boardrooms. The United States proposed the resolution to the United Nations General Assembly, which adopted it May 2, 2024, with 123 co-sponsoring countries. “This is long overdue recognition for women who work in every part of agriculture,” said Krysta Harden, former U.S. deputy secretary of agriculture and now president and CEO of the U.S. Dairy Export Council, speaking during a National Association of State Departments of Agriculture video. Harden said women’s contributions range from physical labor in fields and ranches to leadership and decision-making roles. 

According to the latest USDA Census of Agriculture, 1.2 million female farmers operated in the U.S. in 2022, representing 36% of producers, with 58% of farms reporting at least one female producer. Several farm and food organizations have since formed a working group to coordinate activities throughout the year.

Celebrations recognizing women’s contributions to agriculture are expected to be widespread this year as the International Year of the Woman Farmer gains momentum across the United States. From farm and trade association meetings to state agriculture departments and Capitol Hill, the designation highlights women who lead both on the farm and in agribusiness boardrooms. The United States proposed the resolution to the United Nations General Assembly, which adopted it May 2, 2024, with 123 co-sponsoring countries. “This is long overdue recognition for women who work in every part of agriculture,” said Krysta Harden, former U.S. deputy secretary of agriculture and now president and CEO of the U.S. Dairy Export Council, speaking during a National Association of State Departments of Agriculture video. Harden said women’s contributions range from physical labor in fields and ranches to leadership and decision-making roles. According to the latest USDA Census of Agriculture, 1.2 million female farmers operated in the U.S. in 2022, representing 36% of producers, with 58% of farms reporting at least one female producer. Several farm and food organizations have since formed a working group to coordinate activities throughout the year.- NAFB

Celebrating Women Farmers

Congress on Thursday approved a major bipartisan spending package that funds key energy, environment and science agencies for fiscal 2026, but lawmakers stopped short of including protections for a Colorado research lab sought by some Democrats. 

The Senate voted 82-15 to send the roughly $180 billion “minibus” package, covering the Department of Energy, Interior Department, Environmental Protection Agency and other science programs, to President Donald Trump’s desk. The legislation locks in full-year funding after months of negotiations, rejecting deeper cuts proposed by the administration. 

Colorado Sen. Michael Bennet voted against the legislation after pushing unsuccessfully for an amendment to safeguard the National Center for Atmospheric Research in Boulder, a climate and weather research facility. Supporters said the package provides stability for research and environmental programs, while critics raised concerns that it trims some funding and fails to address long-standing agency budget shortfalls.

Congress on Thursday approved a major bipartisan spending package that funds key energy, environment and science agencies for fiscal 2026, but lawmakers stopped short of including protections for a Colorado research lab sought by some Democrats. The Senate voted 82-15 to send the roughly $180 billion “minibus” package, covering the Department of Energy, Interior Department, Environmental Protection Agency and other science programs, to President Donald Trump’s desk. The legislation locks in full-year funding after months of negotiations, rejecting deeper cuts proposed by the administration. Colorado Sen. Michael Bennet voted against the legislation after pushing unsuccessfully for an amendment to safeguard the National Center for Atmospheric Research in Boulder, a climate and weather research facility. Supporters said the package provides stability for research and environmental programs, while critics raised concerns that it trims some funding and fails to address long-standing agency budget shortfalls.- NAFB

Congress Passes Spending Package

The U.S. farm economy is showing widening signs of distress as farmers confront a toxic mix of rising production costs, weak crop prices and shrinking credit access, threatening rural communities nationwide. 

For the third straight year, growers are struggling with unprofitable operations amid record crop yields that have helped depress market values for corn, soybeans and other commodities, according to farmers and industry analysts. Reuters reports fertilizer and other input costs continue to climb in 2026, while net farm income is projected to fall sharply, prolonging financial strain on producers. The economic stress is rippling through rural America, with job losses reported in related sectors such as farm equipment manufacturing and meatpacking. 

Tractors and combines are piling up on dealer lots as sales plunge, and some lenders are tightening credit or turning away borrowers in need of operating funds. Bankruptcies are increasing, with Chapter 12 farm filings rising significantly, and many rural residents worry the downturn could deepen without stronger demand or policy support.

The U.S. farm economy is showing widening signs of distress as farmers confront a toxic mix of rising production costs, weak crop prices and shrinking credit access, threatening rural communities nationwide. For the third straight year, growers are struggling with unprofitable operations amid record crop yields that have helped depress market values for corn, soybeans and other commodities, according to farmers and industry analysts. Reuters reports fertilizer and other input costs continue to climb in 2026, while net farm income is projected to fall sharply, prolonging financial strain on producers. The economic stress is rippling through rural America, with job losses reported in related sectors such as farm equipment manufacturing and meatpacking. Tractors and combines are piling up on dealer lots as sales plunge, and some lenders are tightening credit or turning away borrowers in need of operating funds. Bankruptcies are increasing, with Chapter 12 farm filings rising significantly, and many rural residents worry the downturn could deepen without stronger demand or policy support.- NAFB

Farm Economy Shows Signs of Weakening

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

March corn closed down 21 cents and May corn was down 21 3/4 cents. March soybeans closed down 4 3/4 cents and May soybeans were down 5 3/4 cents. March KC wheat closed down 3 cents, March Chicago wheat was up 3/4 cents and March Minneapolis wheat was down 2 1/2 cents.

Markets continued recovery efforts on Friday to close the week with relatively minimized losses in wheat and soybean futures, while Monday's plunge still leaves the corn market with a significant weekly turn lower. Grain markets will be closed on Monday in observance of Martin Luther King Jr. Day. Wheat was the flagship of the group for Friday, moving double digits higher on increased weather risk for U.S. crops through the weekend. Outside markets were mixed to close the week, with a firm U.S. Dollar on higher Treasury yields, while energy markets recovered from Thursday's risk-off session.

It turned out to be a grim session for the live cattle complex as most of the contracts were trading $3.00 to $4.00 lower into midday and into the close on Friday. Pinpointing why the market is trading lower to such a notable degree is challenging because, up until this point this week, the market has been solely focused on its strong fundamental position. But part of the market's uncertainty could stem from the fact that Thursday afternoon, eight new cases of New World screwworm were detected in Mexico, or because there's yet to be any cash cattle traded, which causes traders to become anxious. Nevertheless, today's downturn is somewhat out of the blue, following a week of mostly bullish sentiment. Boxed beef prices are higher: choice up $1.14 ($361.91) and select up $0.59 ($360.30) with a movement of 53 loads (37.00 loads of choice, 2.54 loads of select, 4.14 loads of trim and 9.53 loads of ground beef).

If you think the downturn in the live cattle complex is steep, don't even take a glimpse at the feeder cattle contracts, as most of them are traded $7.00 to $8.00 lower for the bulk of the session. Unfortunately, given how steep the contracts have declined, it's likely that the market will continue short term downward momentum even though fed cash cattle prices are expected to trade higher.

While the cattle complex plummeted ahead of the weekend, the lean hog contracts were minding their own business, trading mildly higher into Friday's close. It is helpful to note that midday pork cutout values were a tick higher, which continues to lend traders additional fundamental support and help keep the contracts trading higher.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/16145127/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 4 1/2 cents and May corn was up 4 1/4 cents. March soybeans closed up 4 3/4 cents and May soybeans were up 4 1/2 cents. March KC wheat closed up 10 cents, March Chicago wheat was up 7 1/2 cents, March MIAX Minneapolis wheat was up 2 1/2 cents.For the Week:March corn closed down 21 cents and May corn was down 21 3/4 cents. March soybeans closed down 4 3/4 cents and May soybeans were down 5 3/4 cents. March KC wheat closed down 3 cents, March Chicago wheat was up 3/4 cents and March Minneapolis wheat was down 2 1/2 cents.Markets continued recovery efforts on Friday to close the week with relatively minimized losses in wheat and soybean futures, while Monday's plunge still leaves the corn market with a significant weekly turn lower. Grain markets will be closed on Monday in observance of Martin Luther King Jr. Day. Wheat was the flagship of the group for Friday, moving double digits higher on increased weather risk for U.S. crops through the weekend. Outside markets were mixed to close the week, with a firm U.S. Dollar on higher Treasury yields, while energy markets recovered from Thursday's risk-off session.LIVESTOCK:It turned out to be a grim session for the live cattle complex as most of the contracts were trading $3.00 to $4.00 lower into midday and into the close on Friday. Pinpointing why the market is trading lower to such a notable degree is challenging because, up until this point this week, the market has been solely focused on its strong fundamental position. But part of the market's uncertainty could stem from the fact that Thursday afternoon, eight new cases of New World screwworm were detected in Mexico, or because there's yet to be any cash cattle traded, which causes traders to become anxious. Nevertheless, today's downturn is somewhat out of the blue, following a week of mostly bullish sentiment. Boxed beef prices are higher: choice up $1.14 ($361.91) and select up $0.59 ($360.30) with a movement of 53 loads (37.00 loads of choice, 2.54 loads of select, 4.14 loads of trim and 9.53 loads of ground beef).If you think the downturn in the live cattle complex is steep, don't even take a glimpse at the feeder cattle contracts, as most of them are traded $7.00 to $8.00 lower for the bulk of the session. Unfortunately, given how steep the contracts have declined, it's likely that the market will continue short term downward momentum even though fed cash cattle prices are expected to trade higher.While the cattle complex plummeted ahead of the weekend, the lean hog contracts were minding their own business, trading mildly higher into Friday's close. It is helpful to note that midday pork cutout values were a tick higher, which continues to lend traders additional fundamental support and help keep the contracts trading higher.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/16145127/web-closing-markets.mp3">Click HERE for audio</a>

Market estimates show that Brazil surpassed the U.S. as the world’s number one beef producer in 2025. Reports said that happened after Brazil beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limit a surge in meat prices. Reuters said Brazil was already the biggest beef exporter, with shipments totaling almost $17 billion in 2025. 

Reports said that “Beef production numbers are not due till February, but analysts have recently raised their estimates,” and “Farmers are sending more animals to slaughter and cashing in on high export demand from countries like China and the U.S., where low beef supplies have pushed prices to record levels.” In addition reports also show that beef demand has stayed resilient, despite high prices, and the Trump administration’s overhaul of dietary guidelines putting protein at the top of the food pyramid will likely encourage Americans to buy more meat.

Market estimates show that Brazil surpassed the U.S. as the world’s number one beef producer in 2025. Reports said that happened after Brazil beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limit a surge in meat prices. Reuters said Brazil was already the biggest beef exporter, with shipments totaling almost $17 billion in 2025. Reports said that “Beef production numbers are not due till February, but analysts have recently raised their estimates,” and “Farmers are sending more animals to slaughter and cashing in on high export demand from countries like China and the U.S., where low beef supplies have pushed prices to record levels.” In addition reports also show that beef demand has stayed resilient, despite high prices, and the Trump administration’s overhaul of dietary guidelines putting protein at the top of the food pyramid will likely encourage Americans to buy more meat.-NAFB

Brazil passes U.S. as top beef producer

New data from the Association of Equipment Manufacturers said sales of ag tractors and combines in the U.S. fell in December 2025 compared to the same time last year. U.S. sales of total ag tractors dropped by 15 percent, while sales of combines declined 4.3 percent in December 2025 compared to the year before. Also, Canadian sales of ag tractors were down almost 14 percent, while combine sales jumped by 26 percent in December compared to the prior year.

 "December’s data is the result of economic instability and pressures farmers have been facing for the past several months,” said Association of Equipment Manufacturers Senior Vice President Curt Blades. “Throughout this short-term decline in sales, equipment manufacturers remain committed to supporting farmers with the equipment they need.” Looking ahead to the rest of 2026, AEM remains confident in the industry’s resilience and unique ability to adapt. 

New data from the Association of Equipment Manufacturers said sales of ag tractors and combines in the U.S. fell in December 2025 compared to the same time last year. U.S. sales of total ag tractors dropped by 15 percent, while sales of combines declined 4.3 percent in December 2025 compared to the year before. Also, Canadian sales of ag tractors were down almost 14 percent, while combine sales jumped by 26 percent in December compared to the prior year. "December’s data is the result of economic instability and pressures farmers have been facing for the past several months,” said Association of Equipment Manufacturers Senior Vice President Curt Blades. “Throughout this short-term decline in sales, equipment manufacturers remain committed to supporting farmers with the equipment they need.” Looking ahead to the rest of 2026, AEM remains confident in the industry’s resilience and unique ability to adapt. -NAFB

U.S. sales of ag tractors, combines decline in December 2025

Missouri hunters harvested a preliminary total of 301,954 deer during the 2025-2026 season, marking a significant rebound from the previous year, according to the Missouri Department of Conservation.

The season, which concluded Jan. 15 with the close of archery hunting, saw an increase from the 275,656 deer taken during the 2024-2025 cycle. This year’s total included 145,222 antlered bucks, 25,129 button bucks, and 131,603 does.

MDC Cervid Program Supervisor Jason Isabelle said the results met expectations, particularly in southern Missouri where numbers had previously dipped. The 2025-2026 total was slightly above the state's five-year average and represents only the sixth time in Missouri history that the harvest has surpassed the 300,000 mark.

Franklin County led the state in overall harvest with 6,770 deer. Howell County followed with 5,490, and Callaway County rounded out the top three with 5,346.

Archery season alone accounted for 62,203 deer, an increase over the 56,516 taken by bowhunters last year. Jefferson County recorded the highest archery total with 1,571 deer, followed by Franklin County at 1,272 and St. Louis County at 1,076.

The MDC reported four non-fatal, self-inflicted firearms-related hunting incidents during the season. One of those incidents involved deer hunting, while the remaining three occurred during the pursuit of other game.

<figure>
 <img src="https://media.eaglewebservices.com/public/2025/12/1765376060338.jpeg" alt="deer" />
 <figcaption>deer</figcaption>
 </figure>By RYAN SKAITHMissouri hunters harvested a preliminary total of 301,954 deer during the 2025-2026 season, marking a significant rebound from the previous year, according to the Missouri Department of Conservation.The season, which concluded Jan. 15 with the close of archery hunting, saw an increase from the 275,656 deer taken during the 2024-2025 cycle. This year’s total included 145,222 antlered bucks, 25,129 button bucks, and 131,603 does.MDC Cervid Program Supervisor Jason Isabelle said the results met expectations, particularly in southern Missouri where numbers had previously dipped. The 2025-2026 total was slightly above the state's five-year average and represents only the sixth time in Missouri history that the harvest has surpassed the 300,000 mark.Franklin County led the state in overall harvest with 6,770 deer. Howell County followed with 5,490, and Callaway County rounded out the top three with 5,346.Archery season alone accounted for 62,203 deer, an increase over the 56,516 taken by bowhunters last year. Jefferson County recorded the highest archery total with 1,571 deer, followed by Franklin County at 1,272 and St. Louis County at 1,076.The MDC reported four non-fatal, self-inflicted firearms-related hunting incidents during the season. One of those incidents involved deer hunting, while the remaining three occurred during the pursuit of other game.

Missouri deer harvest surpasses 300,000 as 2025-26 season rebounds

March corn closed down 1 3/4 cents and May corn was down 2 cents. March soybeans closed up 10 1/2 cents and May soybeans were up 9 1/4 cents. March KC wheat closed down 5 cents, March Chicago wheat was down 2 cents, March Minneapolis wheat was down 4 1/2 cents.

Corn and wheat futures traded mixed Thursday, again fading from early highs as the weight of added supply in both markets continues to serve as a headwind to rally attempts. Meanwhile, soybean futures enjoyed a double-digit jump on Thursday following a number of supportive news reports, most notably as Brazil's National Supply Company (Conab) reduced their forecast for 2025-26 soybean production in a surprising split from USDA's increase in Monday's WASDE. Outside markets leaned negative, with crude oil staging a sharp reversal after five straight sessions higher on a perceived and at least temporary easing of tensions between the U.S. and Iran. Equities were higher after a two-day profit-taking dip, and the U.S. dollar moved higher for the twelfth time in the past fifteen sessions.

The live cattle complex is back to trading higher following Wednesday's lower close, as once again the contracts are no longer up against immediate pressure. It's very apparent that the market desires to trade higher, but until traders can see immediate fundamental support in the form of stronger fed cash cattle trade, it's unlikely that they'll boldly advance the market until then. At this point, both bids and asking prices remain elusive. Boxed beef prices are higher: choice up $1.91 ($360.44) and select up $2.28 ($359.93) with a movement of 99 loads (78.80 loads of choice, 5.89 loads of select, 7.82 loads of trim and 6.15 loads of ground beef).

The live cattle contracts may be mildly trading higher, but the feeder cattle contracts were trading with more vigor as most of the contracts were trading over $3.00 higher towards the closing bell. The market is currently pushing up against resistance pressure, which could cause the market some anxiety later this afternoon.

With pork cutout values up sharply, the lean hog complex had a breakout day. So long as fundamental support remains evident, it's likely that traders will continue to push the contracts higher as they've been patiently waiting for this amount of fundamental support to develop so that they can charge the market higher.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/15141340/web-closing-markets.mp3">Click HERE for audio</a>

GRAINS:March corn closed down 1 3/4 cents and May corn was down 2 cents. March soybeans closed up 10 1/2 cents and May soybeans were up 9 1/4 cents. March KC wheat closed down 5 cents, March Chicago wheat was down 2 cents, March Minneapolis wheat was down 4 1/2 cents.Corn and wheat futures traded mixed Thursday, again fading from early highs as the weight of added supply in both markets continues to serve as a headwind to rally attempts. Meanwhile, soybean futures enjoyed a double-digit jump on Thursday following a number of supportive news reports, most notably as Brazil's National Supply Company (Conab) reduced their forecast for 2025-26 soybean production in a surprising split from USDA's increase in Monday's WASDE. Outside markets leaned negative, with crude oil staging a sharp reversal after five straight sessions higher on a perceived and at least temporary easing of tensions between the U.S. and Iran. Equities were higher after a two-day profit-taking dip, and the U.S. dollar moved higher for the twelfth time in the past fifteen sessions.LIVESTOCK:The live cattle complex is back to trading higher following Wednesday's lower close, as once again the contracts are no longer up against immediate pressure. It's very apparent that the market desires to trade higher, but until traders can see immediate fundamental support in the form of stronger fed cash cattle trade, it's unlikely that they'll boldly advance the market until then. At this point, both bids and asking prices remain elusive. Boxed beef prices are higher: choice up $1.91 ($360.44) and select up $2.28 ($359.93) with a movement of 99 loads (78.80 loads of choice, 5.89 loads of select, 7.82 loads of trim and 6.15 loads of ground beef).The live cattle contracts may be mildly trading higher, but the feeder cattle contracts were trading with more vigor as most of the contracts were trading over $3.00 higher towards the closing bell. The market is currently pushing up against resistance pressure, which could cause the market some anxiety later this afternoon.With pork cutout values up sharply, the lean hog complex had a breakout day. So long as fundamental support remains evident, it's likely that traders will continue to push the contracts higher as they've been patiently waiting for this amount of fundamental support to develop so that they can charge the market higher.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/15141340/web-closing-markets.mp3">Click HERE for audio</a>

The USDA confirmed that farmers harvested a record-large crop in 2025, estimated at over 17 billion bushels. Corn stockpiles are also expected to climb to their highest level in eight years, driving corn prices lower. The Renewable Fuels Association said this underscores the pressing need to eliminate the obstacles that are suppressing demand and limiting market opportunities for corn and ethanol alike. “This is a sobering wakeup call about the farm economy and underscores the need for lawmakers to take immediate action to expand markets for American corn growers,” said Geoff Cooper, RFA President and CEO. 

“The fastest and easiest way to shore up the growing supply-demand imbalance in the corn market is to permanently remove the summertime barrier on E15 sales and eliminate obsolete fuel retail infrastructure rules.” He also said these decades-old regulatory barriers are literally choking off demand and shortchanging America’s farmers. 

The USDA confirmed that farmers harvested a record-large crop in 2025, estimated at over 17 billion bushels. Corn stockpiles are also expected to climb to their highest level in eight years, driving corn prices lower. The Renewable Fuels Association said this underscores the pressing need to eliminate the obstacles that are suppressing demand and limiting market opportunities for corn and ethanol alike. “This is a sobering wakeup call about the farm economy and underscores the need for lawmakers to take immediate action to expand markets for American corn growers,” said Geoff Cooper, RFA President and CEO. “The fastest and easiest way to shore up the growing supply-demand imbalance in the corn market is to permanently remove the summertime barrier on E15 sales and eliminate obsolete fuel retail infrastructure rules.” He also said these decades-old regulatory barriers are literally choking off demand and shortchanging America’s farmers. -NAFB

RFA: More urgency about approving year-round E15

The U.S. agricultural land market is shifting after years of steady growth. Although land values are still historically high, current signs indicate a more complex situation driven by local and regional factors rather than nationwide trends. “After years of steady growth, we’re seeing the farmland market stabilize,” said Colton Lacina, senior vice president of real estate options at Farmers National Company. “This isn’t a sign of collapse but a recalibration that reflects current commodity prices, input costs, and regional production conditions.” 

Farmland demand now varies widely by location. Areas with high crop yields, diversified farms, and dependable groundwater continue to attract buyers and maintain steady values. “Farmland values are increasingly determined locally, sometimes down to the township,” Lacina added. “Buyers are carefully assessing soil quality, the percentage of tillable acres, water access, and how a parcel fits into their operations.” Despite mixed signals, market conditions still remain favorable for most sellers.

The U.S. agricultural land market is shifting after years of steady growth. Although land values are still historically high, current signs indicate a more complex situation driven by local and regional factors rather than nationwide trends. “After years of steady growth, we’re seeing the farmland market stabilize,” said Colton Lacina, senior vice president of real estate options at Farmers National Company. “This isn’t a sign of collapse but a recalibration that reflects current commodity prices, input costs, and regional production conditions.” Farmland demand now varies widely by location. Areas with high crop yields, diversified farms, and dependable groundwater continue to attract buyers and maintain steady values. “Farmland values are increasingly determined locally, sometimes down to the township,” Lacina added. “Buyers are carefully assessing soil quality, the percentage of tillable acres, water access, and how a parcel fits into their operations.” Despite mixed signals, market conditions still remain favorable for most sellers.-NAFB

Farmland values enter a new phase

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

Corn, soybean, and wheat futures were all higher Wednesday, with speculators and long-side hedgers likely both seeing opportunity to lock in purchases following the early week, post-USDA price drop. However, upside momentum remained very limited as trading volumes eased following Monday's report day spike. Outside markets Wednesday were supportive as well, as we continue to see a rush to outside commodities this week, such as gold and silver, which have moved once again to new records. Equity markets are softer through the middle of the week on a flow of money from stocks (specifically the tech sector) into commodities. The energy market was firm early in Wednesday's trade, with crude oil futures hitting two and a half month highs on geopolitical risk, specifically ongoing turmoil in Iran, although prices eventually reversed lower likely on profit-taking as well as larger week-on-week crude inventories in the weekly EIA Petroleum Status report.

The live cattle complex traded lower into Wednesday's closing bell as traders are confident that they do not possess enough support to push the contracts any higher. On Tuesday, the market was charged with bullishness, but today, traders seem to look at the markets a tick more level-headed, and while they believe that the bullish sentiment is justified, they also know that they need to see immediate fundamental support before they can confidently push the contracts higher in the near term. Still no cash cattle trade has developed. Boxed beef prices are higher: choice up $1.34 ($359.33) and select up $0.33 ($357.51) with a movement of 78 loads (52.90 loads of choice, 5.14 loads of select, 12.17 loads of trim and 8.20 loads of ground beef).

And once again, in alignment with the direction of the live cattle complex, the feeder cattle contracts also traded lower Wednesday. Until the live cattle complex trades higher, the feeder cattle complex will likely continue to trade in a cautious, lower manner.

Traders continue to push the lean hog complex higher, with not a lot of fundamental support behind their ambitions. Both cash prices and pork cutout values have been lax this week, but even so, traders continue to aggressively push the contracts.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/14143027/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 2 1/4 cents and May corn was up 2 cents. March soybeans closed up 3 3/4 cents and May soybeans were up 3 cents. March KC wheat closed up 2 3/4 cents, March Chicago wheat was up 2 cents, March Minneapolis wheat was up 1/2 cents.Corn, soybean, and wheat futures were all higher Wednesday, with speculators and long-side hedgers likely both seeing opportunity to lock in purchases following the early week, post-USDA price drop. However, upside momentum remained very limited as trading volumes eased following Monday's report day spike. Outside markets Wednesday were supportive as well, as we continue to see a rush to outside commodities this week, such as gold and silver, which have moved once again to new records. Equity markets are softer through the middle of the week on a flow of money from stocks (specifically the tech sector) into commodities. The energy market was firm early in Wednesday's trade, with crude oil futures hitting two and a half month highs on geopolitical risk, specifically ongoing turmoil in Iran, although prices eventually reversed lower likely on profit-taking as well as larger week-on-week crude inventories in the weekly EIA Petroleum Status report.LIVESTOCK:The live cattle complex traded lower into Wednesday's closing bell as traders are confident that they do not possess enough support to push the contracts any higher. On Tuesday, the market was charged with bullishness, but today, traders seem to look at the markets a tick more level-headed, and while they believe that the bullish sentiment is justified, they also know that they need to see immediate fundamental support before they can confidently push the contracts higher in the near term. Still no cash cattle trade has developed. Boxed beef prices are higher: choice up $1.34 ($359.33) and select up $0.33 ($357.51) with a movement of 78 loads (52.90 loads of choice, 5.14 loads of select, 12.17 loads of trim and 8.20 loads of ground beef).And once again, in alignment with the direction of the live cattle complex, the feeder cattle contracts also traded lower Wednesday. Until the live cattle complex trades higher, the feeder cattle complex will likely continue to trade in a cautious, lower manner.Traders continue to push the lean hog complex higher, with not a lot of fundamental support behind their ambitions. Both cash prices and pork cutout values have been lax this week, but even so, traders continue to aggressively push the contracts. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/14143027/web-closing-markets.mp3">Click HERE for audio</a>

The USDA said inspections of corn, soybeans, and wheat for export all rose week to week during the seven days ending on January 8. Corn inspections improved to 1.49 million metric tons from 1.32 million a week earlier. The agency report said that’s higher than the 1.44 million tons that were inspected during the same week last year. Soybean assessments were reported at 1.53 million metric tons, up from just over 984,000 tons the previous week and the 1.36 million tons inspected at the same point last year. 

Wheat examinations for overseas delivery jumped to 317,400 metric tons, up from 183,000 the previous week. That was narrowly higher than the total inspected during the same week a year earlier. Since the start of the marketing year, USDA has inspected 28.4 million metric tons of corn for export, 17.9 million metric tons of soybeans, and wheat assessments since the start of the marketing year totaled 15.6 million metric tons. 

The USDA said inspections of corn, soybeans, and wheat for export all rose week to week during the seven days ending on January 8. Corn inspections improved to 1.49 million metric tons from 1.32 million a week earlier. The agency report said that’s higher than the 1.44 million tons that were inspected during the same week last year. Soybean assessments were reported at 1.53 million metric tons, up from just over 984,000 tons the previous week and the 1.36 million tons inspected at the same point last year. Wheat examinations for overseas delivery jumped to 317,400 metric tons, up from 183,000 the previous week. That was narrowly higher than the total inspected during the same week a year earlier. Since the start of the marketing year, USDA has inspected 28.4 million metric tons of corn for export, 17.9 million metric tons of soybeans, and wheat assessments since the start of the marketing year totaled 15.6 million metric tons. -NAFB

Weekly export inspection up across the board

The USDA released its January WASDE Report, which projected a 17-billion-bushel corn supply in 2025-2026, raising alarms among the nation’s corn growers and triggering an immediate market reaction. If the projections prove accurate, this year’s crop will be the largest on record by far. The surplus supply promises to keep corn prices low as farmers struggle to pay higher input costs. 

“We need long-term market solutions, and we need them quickly, or this is going to deepen the economic crisis in the countryside,” said Jed Bower, president of the National Corn Growers Association. “The urgency for Congress and the president to open new markets abroad and expand consumer access to ethanol just increased exponentially.” Bower also noted that an immediate boost to demand would be the passage of legislation authorizing year-round consumer access to fuels with a 15 percent ethanol blend. He said this solution could use 2.4 billion additional bushels of corn annually. 

The USDA released its January WASDE Report, which projected a 17-billion-bushel corn supply in 2025-2026, raising alarms among the nation’s corn growers and triggering an immediate market reaction. If the projections prove accurate, this year’s crop will be the largest on record by far. The surplus supply promises to keep corn prices low as farmers struggle to pay higher input costs. “We need long-term market solutions, and we need them quickly, or this is going to deepen the economic crisis in the countryside,” said Jed Bower, president of the National Corn Growers Association. “The urgency for Congress and the president to open new markets abroad and expand consumer access to ethanol just increased exponentially.” Bower also noted that an immediate boost to demand would be the passage of legislation authorizing year-round consumer access to fuels with a 15 percent ethanol blend. He said this solution could use 2.4 billion additional bushels of corn annually. -NAFB

Corn growers alarmed by new supply projections

March corn closed down 1 3/4 cents and May corn was down 2 3/4 cents. March soybeans closed down 10 1/4 cents and May soybeans were down 9 3/4 cents. March KC wheat closed down 7 1/4 cents, March Chicago wheat was down 3/4 cents, March Minneapolis wheat was up 3/4 cents.

Row-crop futures traded mixed to lower Tuesday in fallout after Monday's much-more-bearish report than even the most already bearish traders and analysts expected. The question now becomes how quickly traders will choose to move past the USDA estimates and ahead to what will be a very busy first quarter of 2026 for further fundamental developments. Outside markets for Tuesday were mixed, with a higher U.S. dollar for the eleventh time in the past 13 sessions as Tuesday's CPI reading was steady at 2.7% year-over-year inflation. Energy prices were firm for the fourth straight session amid growing turmoil in Iran and President Trump renewing tariff threats against countries that trade with Iran. Equity markets were lower on profit-taking amid record highs for the Dow Jones Industrial Average and S&amp;P 500.

The live cattle complex stepped higher into Tuesday's close as traders were pleased to see boxed beef prices stronger again today, and are feeling at ease knowing corn prices are projected to remain affordable through 2026 -- as evidenced by Monday's WASDE report. No substantial cash cattle trade has developed yet, and with the futures market trading slightly higher, there's a good chance trade will again be delayed until late in the week. No asking prices have been established either. Boxed beef prices are higher: choice up $0.91 ($358.02) and select up $0.99 ($359.04) with a movement of 93 loads (61.65 loads of choice, 4.78 loads of select, 18.96 loads of trim and 7.78 loads of ground beef).

With corn prices anticipated to remain affordable through 2026, the feeder cattle complex was sporting a noteworthy $4.00 to $5.00 rally through the bulk of Tuesday's session. Feed costs have remained in feeders' favor over the last year as overall it's been affordable, but with feeder cattle prices so high, buyers need that guarantee as their breakevens on these calves is risky and if feed prices were to grow more expensive, a lot of people could be in a tough position given how much they are simply paying for the calves and feeders they desire to feed out.

Following the slight technical downturn in which the lean hog complex has seen over the last three days, the market was again trading higher as traders are no longer up against immediate resistance pressure. It still remains a tough fundamental position for the marketplace as pork cutout values were again lower and as there hasn't been hardly any trade in the cash hog market -- meaning that today's slight uptick was solely a technical decision.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/13134511/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 1 3/4 cents and May corn was down 2 3/4 cents. March soybeans closed down 10 1/4 cents and May soybeans were down 9 3/4 cents. March KC wheat closed down 7 1/4 cents, March Chicago wheat was down 3/4 cents, March Minneapolis wheat was up 3/4 cents.Row-crop futures traded mixed to lower Tuesday in fallout after Monday's much-more-bearish report than even the most already bearish traders and analysts expected. The question now becomes how quickly traders will choose to move past the USDA estimates and ahead to what will be a very busy first quarter of 2026 for further fundamental developments. Outside markets for Tuesday were mixed, with a higher U.S. dollar for the eleventh time in the past 13 sessions as Tuesday's CPI reading was steady at 2.7% year-over-year inflation. Energy prices were firm for the fourth straight session amid growing turmoil in Iran and President Trump renewing tariff threats against countries that trade with Iran. Equity markets were lower on profit-taking amid record highs for the Dow Jones Industrial Average and S&amp;P 500.LIVESTOCK:The live cattle complex stepped higher into Tuesday's close as traders were pleased to see boxed beef prices stronger again today, and are feeling at ease knowing corn prices are projected to remain affordable through 2026 -- as evidenced by Monday's WASDE report. No substantial cash cattle trade has developed yet, and with the futures market trading slightly higher, there's a good chance trade will again be delayed until late in the week. No asking prices have been established either. Boxed beef prices are higher: choice up $0.91 ($358.02) and select up $0.99 ($359.04) with a movement of 93 loads (61.65 loads of choice, 4.78 loads of select, 18.96 loads of trim and 7.78 loads of ground beef).With corn prices anticipated to remain affordable through 2026, the feeder cattle complex was sporting a noteworthy $4.00 to $5.00 rally through the bulk of Tuesday's session. Feed costs have remained in feeders' favor over the last year as overall it's been affordable, but with feeder cattle prices so high, buyers need that guarantee as their breakevens on these calves is risky and if feed prices were to grow more expensive, a lot of people could be in a tough position given how much they are simply paying for the calves and feeders they desire to feed out. Following the slight technical downturn in which the lean hog complex has seen over the last three days, the market was again trading higher as traders are no longer up against immediate resistance pressure. It still remains a tough fundamental position for the marketplace as pork cutout values were again lower and as there hasn't been hardly any trade in the cash hog market -- meaning that today's slight uptick was solely a technical decision.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/13134511/web-closing-markets.mp3">Click HERE for audio</a>

Kansas currently holds the highest number of confirmed bird flu infections in the United States, with recent outbreaks in two northeast counties pushing the state’s total to more than 400,000 affected birds.

According to the U.S. Department of Agriculture, the surge in highly pathogenic avian influenza (HPAI) has impacted four commercial operations and six backyard flocks across the state. The most significant loss occurred in Pottawatomie County, where a commercial egg-laying facility reported 380,000 birds affected by the virus.

In neighboring Nemaha County, officials recently confirmed the virus in a commercial gamebird flock of more than 4,000 birds. The USDA reports that 65 flocks have been impacted nationwide as the virus continues to spread through migratory bird patterns.

Despite the high number of poultry infections, the Centers for Disease Control and Prevention maintains that the risk to the general public remains low. While the federal government has recorded 71 human cases of bird flu across the country, none have been identified in Kansas.

Health officials continue to monitor the situation, advising poultry owners to implement strict biosecurity measures to prevent further spread between commercial and wild populations.

<figure>
 <img src="https://media.eaglewebservices.com/public/2022/11/1669652221835.jpeg" alt="Avian Influenza Bird Flu (MO Agriculture)" />
 <figcaption>Avian Influenza Bird Flu (MO Agriculture)</figcaption>
 </figure>By RYAN SKAITHKansas currently holds the highest number of confirmed bird flu infections in the United States, with recent outbreaks in two northeast counties pushing the state’s total to more than 400,000 affected birds.According to the U.S. Department of Agriculture, the surge in highly pathogenic avian influenza (HPAI) has impacted four commercial operations and six backyard flocks across the state. The most significant loss occurred in Pottawatomie County, where a commercial egg-laying facility reported 380,000 birds affected by the virus.In neighboring Nemaha County, officials recently confirmed the virus in a commercial gamebird flock of more than 4,000 birds. The USDA reports that 65 flocks have been impacted nationwide as the virus continues to spread through migratory bird patterns.Despite the high number of poultry infections, the Centers for Disease Control and Prevention maintains that the risk to the general public remains low. While the federal government has recorded 71 human cases of bird flu across the country, none have been identified in Kansas.Health officials continue to monitor the situation, advising poultry owners to implement strict biosecurity measures to prevent further spread between commercial and wild populations.

Northeast Kansas bird flu outbreaks push state to highest infection rate in U.S.

Enrollment for the USDA’s ARC and PLC Programs will not open until after the 2026 planting season. AgroLatam said the announcement comes as USDA readies a 61-page final rule implementing updates required by the One Big Beautiful Bill Act of 2025. Key changes include higher PLC reference prices, a 90 percent guarantee level for ARC, and expanded base acre eligibility for farmers with historically non-program crops. USDA Undersecretary for Farm Production and Conservation Richard Fordyce said the delays are due to the Farm Service Agency workload and the complex nature of implementing the new federally-mandated provisions. 

According to the rule, farmers will likely know their 2026 production and yields before enrolling in PLC and ARC – a significant shift in timing that could allow more informed decisions but may compress the planning window for each U.S. producer. At the same time, enrollment in the Dairy Margin Coverage began on Monday, January 12. 

Enrollment for the USDA’s ARC and PLC Programs will not open until after the 2026 planting season. AgroLatam said the announcement comes as USDA readies a 61-page final rule implementing updates required by the One Big Beautiful Bill Act of 2025. Key changes include higher PLC reference prices, a 90 percent guarantee level for ARC, and expanded base acre eligibility for farmers with historically non-program crops. USDA Undersecretary for Farm Production and Conservation Richard Fordyce said the delays are due to the Farm Service Agency workload and the complex nature of implementing the new federally-mandated provisions. According to the rule, farmers will likely know their 2026 production and yields before enrolling in PLC and ARC – a significant shift in timing that could allow more informed decisions but may compress the planning window for each U.S. producer. At the same time, enrollment in the Dairy Margin Coverage began on Monday, January 12. -NAFB

ARC/PLC enrollment delayed until after planting

Recognizing the vital role that dogs often play on family farms and ranches, Farm Bureau launched the Farm Dog of the Year contest several years ago, which is now a popular feature of the American Farm Bureau’s National Convention. The winner of this year’s award is Max, a four-year-old Border Collie owned by John, Charla, and Brynley Enns of Oklahoma. AFBF, with support from Nestle, picked Max as the winner from among almost 100 entries. 

Max fills a number of roles on the farm, but his primary occupation is herding cattle. His assistance is valuable for John, who’s disabled and uses a mobility scooter. “I can’t imagine doing this without Max,” said John Enns. “Max is not only a working dog, but also great with the family.” After a long day of herding boisterous cattle on mostly hilly terrain, Max often accompanies John and Charla to pick up daughter Brynley from school. 

Recognizing the vital role that dogs often play on family farms and ranches, Farm Bureau launched the Farm Dog of the Year contest several years ago, which is now a popular feature of the American Farm Bureau’s National Convention. The winner of this year’s award is Max, a four-year-old Border Collie owned by John, Charla, and Brynley Enns of Oklahoma. AFBF, with support from Nestle, picked Max as the winner from among almost 100 entries. Max fills a number of roles on the farm, but his primary occupation is herding cattle. His assistance is valuable for John, who’s disabled and uses a mobility scooter. “I can’t imagine doing this without Max,” said John Enns. “Max is not only a working dog, but also great with the family.” After a long day of herding boisterous cattle on mostly hilly terrain, Max often accompanies John and Charla to pick up daughter Brynley from school. -NAFB

Farm Bureau selects farm 'Dog of the Year'

The USDA’s January World Agricultural Supply and Demand Estimates Report said the 2025-2026 U.S. corn outlook is for larger production, higher feed and residual use, reduced food, seed, and industrial use, and greater ending stocks. With more supply and less usage, corn stocks rose by 198 million bushels to 2.2 billion. The season-average corn price for producers was raised ten cents to $4.10 per bushel. 

The U.S. soybean supply was raised by 17 million bushels on higher beginning stocks and production. Soybean ending stocks rose 60 million bushels to 350 million, and the season-average soybean price for farmers is projected to be 30 cents lower at $10.20 per bushel. The 2025-2026 wheat outlook this month is for slightly larger supplies, lower domestic use, unchanged exports, and larger ending stocks. Projected wheat ending stocks were raised by 25 million bushels to 926 million, up eight percent from the previous year. The season-average farm price dropped by a dime to $4.90 per bushel. 

The USDA’s January World Agricultural Supply and Demand Estimates Report said the 2025-2026 U.S. corn outlook is for larger production, higher feed and residual use, reduced food, seed, and industrial use, and greater ending stocks. With more supply and less usage, corn stocks rose by 198 million bushels to 2.2 billion. The season-average corn price for producers was raised ten cents to $4.10 per bushel. The U.S. soybean supply was raised by 17 million bushels on higher beginning stocks and production. Soybean ending stocks rose 60 million bushels to 350 million, and the season-average soybean price for farmers is projected to be 30 cents lower at $10.20 per bushel. The 2025-2026 wheat outlook this month is for slightly larger supplies, lower domestic use, unchanged exports, and larger ending stocks. Projected wheat ending stocks were raised by 25 million bushels to 926 million, up eight percent from the previous year. The season-average farm price dropped by a dime to $4.90 per bushel. -NAFB

USDA issues January WASDE report

March corn down 24 1/4 cents per bushel, March soybeans were down 13 1/2 cents, March KC wheat was down 3 1/2 cents, March Chicago wheat was down 6 cents and March Minneapolis wheat was down 1 1/4 cents.

Corn, soybeans and wheat all fell hard at midday following the shockingly bearish yield, production, stocks and acreage reports from the USDA. Corn and soy yields hit records, with corn production and December 1 stocks reaching the same milestone. Harvested corn acres also surged by an unexpected 1.3 million acres, while both soybean and wheat ending stocks also rose.

The live cattle complex was mostly higher moving into Monday's closing bell, as traders were pleased to see that after Friday's close, the fed cash cattle market did see higher prices in the South. It seems as though traders have been reluctant to overly advance the contracts without seeing more robust fundamental support. Monday's WASDE report shared mostly supportive news for the cattle and beef markets of 2026. Beef production for 2026 was increased by 10 million pounds as carcass weights continue to grow bigger. Beef imports for 2026 were increased by 75 million pounds as shipments from Oceania and South America are expected to continue. Beef exports for 2026 were decreased by 60 million pounds as the price of beef remains a limiting export factor. Boxed beef prices are higher: choice up $1.64 ($357.27) and select up $3.17 ($355.34) with a movement of 22 loads (14.54 loads of choice, 3.46 loads of select, zero loads of trim and 3.95 loads of ground beef).

The feeder cattle complex also traded mostly higher into Monday's close, despite the fact that some of the furthest deferred months were trading slightly lower. Much like the live cattle complex, the feeder cattle complex again seems willing to advance the contracts -- but is hungry to see more fundamental support as the market is facing some new resistance. Thankfully feeder cattle demand was strong last week and hopefully buyers will meet sales with the same level of enthusiasm as they did last week.

The lean hog complex continued to trade lower as the market simply hasn't seen enough fundamental support for traders to feel comfortable pushing the market back up to its resistance threshold. Last week packers weren't very aggressive in the cash market, so one would assume they'll need to be more active this week. But so far they aren't showing much interest.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/12142023/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn down 24 1/4 cents per bushel, March soybeans were down 13 1/2 cents, March KC wheat was down 3 1/2 cents, March Chicago wheat was down 6 cents and March Minneapolis wheat was down 1 1/4 cents.Corn, soybeans and wheat all fell hard at midday following the shockingly bearish yield, production, stocks and acreage reports from the USDA. Corn and soy yields hit records, with corn production and December 1 stocks reaching the same milestone. Harvested corn acres also surged by an unexpected 1.3 million acres, while both soybean and wheat ending stocks also rose.LIVESTOCK:The live cattle complex was mostly higher moving into Monday's closing bell, as traders were pleased to see that after Friday's close, the fed cash cattle market did see higher prices in the South. It seems as though traders have been reluctant to overly advance the contracts without seeing more robust fundamental support. Monday's WASDE report shared mostly supportive news for the cattle and beef markets of 2026. Beef production for 2026 was increased by 10 million pounds as carcass weights continue to grow bigger. Beef imports for 2026 were increased by 75 million pounds as shipments from Oceania and South America are expected to continue. Beef exports for 2026 were decreased by 60 million pounds as the price of beef remains a limiting export factor. Boxed beef prices are higher: choice up $1.64 ($357.27) and select up $3.17 ($355.34) with a movement of 22 loads (14.54 loads of choice, 3.46 loads of select, zero loads of trim and 3.95 loads of ground beef).The feeder cattle complex also traded mostly higher into Monday's close, despite the fact that some of the furthest deferred months were trading slightly lower. Much like the live cattle complex, the feeder cattle complex again seems willing to advance the contracts -- but is hungry to see more fundamental support as the market is facing some new resistance. Thankfully feeder cattle demand was strong last week and hopefully buyers will meet sales with the same level of enthusiasm as they did last week.The lean hog complex continued to trade lower as the market simply hasn't seen enough fundamental support for traders to feel comfortable pushing the market back up to its resistance threshold. Last week packers weren't very aggressive in the cash market, so one would assume they'll need to be more active this week. But so far they aren't showing much interest.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/01/12142023/web-closing-markets.mp3">Click HERE for audio</a>

Agriculture policy analysts say 2026 could mark the end of the traditional five-year U.S. farm bill era, as lawmakers struggle to produce comprehensive legislation. The most recent farm bill provisions expired in 2023 and Congress has extended them annually since, leaving perennial programs in limbo. Experts say shifting political priorities and partisan divides have complicated efforts to craft a broad farm policy package that addresses commodity supports, conservation, nutrition and rural development. 

Without a full farm bill, many programs are funded through short-term fixes, delaying long-term planning for producers. Agriculture advocates warn that prolonged uncertainty could impact crop insurance, disaster assistance and trade programs. Some lawmakers are calling for scaled-down legislation focusing on critical elements, while stakeholders stress the need for stability in federal agricultural policy.

Agriculture policy analysts say 2026 could mark the end of the traditional five-year U.S. farm bill era, as lawmakers struggle to produce comprehensive legislation. The most recent farm bill provisions expired in 2023 and Congress has extended them annually since, leaving perennial programs in limbo. Experts say shifting political priorities and partisan divides have complicated efforts to craft a broad farm policy package that addresses commodity supports, conservation, nutrition and rural development. Without a full farm bill, many programs are funded through short-term fixes, delaying long-term planning for producers. Agriculture advocates warn that prolonged uncertainty could impact crop insurance, disaster assistance and trade programs. Some lawmakers are calling for scaled-down legislation focusing on critical elements, while stakeholders stress the need for stability in federal agricultural policy.-NAFB

Uncertainty grows over future of U.S. farm bill legislation

State officials are warning livestock producers after a confirmed case of New World screwworm was found about 215 miles from the Texas border in Mexico. The parasitic pest, which can cause serious livestock injury and economic loss, was detected in a 7-year-old bovine, according to the Texas Department of Agriculture. Texas Agriculture Commissioner Sid Miller said there’s no evidence the pest has established a breeding population, but producers along the border should inspect animals daily for open wounds and report suspicious cases immediately. 

USDA’s Animal and Plant Health Inspection Service is collaborating with Mexican animal health officials in monitoring and response efforts, Miller added. While the screwworm hasn’t yet been detected in the U.S., rapid reporting and early intervention remain critical to preventing spread, officials said. Livestock owners are encouraged to review biosecurity protocols and contact vets if concerned.

State officials are warning livestock producers after a confirmed case of New World screwworm was found about 215 miles from the Texas border in Mexico. The parasitic pest, which can cause serious livestock injury and economic loss, was detected in a 7-year-old bovine, according to the Texas Department of Agriculture. Texas Agriculture Commissioner Sid Miller said there’s no evidence the pest has established a breeding population, but producers along the border should inspect animals daily for open wounds and report suspicious cases immediately. USDA’s Animal and Plant Health Inspection Service is collaborating with Mexican animal health officials in monitoring and response efforts, Miller added. While the screwworm hasn’t yet been detected in the U.S., rapid reporting and early intervention remain critical to preventing spread, officials said. Livestock owners are encouraged to review biosecurity protocols and contact vets if concerned.-NAFB