According to the Association of Equipment Manufacturers, the total sales of agricultural tractors in the U.S. dropped almost 20 percent, while combine sales fell 35 percent compared to November 2024. Canadian sales of combines increased 25 percent in November compared to the same time last year, while sales of agricultural tractors dropped seven percent in the same time frame. 

“This month’s numbers reflect the continued economic pressure farmers have been navigating for several months,” said Association of Equipment Manufacturers Senior Vice President Curt Blades. “While we’re seeing a short-term slowdown in sales, equipment manufacturers remain focused on supporting farmers with the tools and technologies that deliver efficiency and long-term value.” He also said as the agricultural economy moves into 2026, AEM will continue watching market conditions closely and remains confident in the industry’s underlying strength. 

According to the Association of Equipment Manufacturers, the total sales of agricultural tractors in the U.S. dropped almost 20 percent, while combine sales fell 35 percent compared to November 2024. Canadian sales of combines increased 25 percent in November compared to the same time last year, while sales of agricultural tractors dropped seven percent in the same time frame. “This month’s numbers reflect the continued economic pressure farmers have been navigating for several months,” said Association of Equipment Manufacturers Senior Vice President Curt Blades. “While we’re seeing a short-term slowdown in sales, equipment manufacturers remain focused on supporting farmers with the tools and technologies that deliver efficiency and long-term value.” He also said as the agricultural economy moves into 2026, AEM will continue watching market conditions closely and remains confident in the industry’s underlying strength. -NAFB

Tractor and combine sales drop in November

The Trump administration isn’t likely to finalize the 2026 biofuel-blending quotas before the end of 2025. Three sources close to the situation told Reuters that this will only extend uncertainty over a policy closely watched by rival oil and farm sectors. The Environmental Protection Agency has scheduled meetings with industry stakeholders on the quota rule in early 2026, which is a sign the final rule won’t be announced until next year. 

The EPA declined to give a specific timeframe on when a final rule could be reached, noting that it’s still reviewing public comments on the volume requirements. A delay in finalizing the mandate is troublesome because fuel makers, farmers, and commodity traders use them to lock in supply contracts, hedge the volatile crop and energy markets, and justify investments in new production capacity. Earlier this year, the EPA proposed raising total renewable fuel requirements for 2026 and 2027.

The Trump administration isn’t likely to finalize the 2026 biofuel-blending quotas before the end of 2025. Three sources close to the situation told Reuters that this will only extend uncertainty over a policy closely watched by rival oil and farm sectors. The Environmental Protection Agency has scheduled meetings with industry stakeholders on the quota rule in early 2026, which is a sign the final rule won’t be announced until next year. The EPA declined to give a specific timeframe on when a final rule could be reached, noting that it’s still reviewing public comments on the volume requirements. A delay in finalizing the mandate is troublesome because fuel makers, farmers, and commodity traders use them to lock in supply contracts, hedge the volatile crop and energy markets, and justify investments in new production capacity. Earlier this year, the EPA proposed raising total renewable fuel requirements for 2026 and 2027.-NAFB

2026 biofuel quotas likely not coming this year

March corn closed down 1 cent and May corn was down 1 1/4 cents. January soybeans closed down 5 cents and March soybeans were down 5 1/2 cents. March KC wheat closed down 6 cents, March Chicago wheat was down 8 1/2 cents, March MIAX Minneapolis wheat was down 7 cents.

Corn, soybean, and wheat futures fell again to begin the new week as rainfall in South America through the first half of December has given way to refreshed bearish supply concerns. Meanwhile, from a technical standpoint, if prices are to continue selling off through the week and month, long standing chart support levels will be tested.&nbsp;

The livestock complex was trading mixed into Monday's noon hour as traders sat tight, waiting to see what fundamental support arises this week. But unless something powerful happens in the cattle complex, it's unlikely that trades are going to trade the market above its 100-day moving average any time soon.

Cattle finished the day i the green. Live Cattle was once again, backed up against the market's 100-day moving average, the live cattle complex was on pins and needles as it desired to trade higher, but traders weren't confident that the market possessed enough support to conquer its 100-day moving average.&nbsp;The feeder cattle complex was much the same attitude and followed the live cattle into the green at the end of the day

Although pork cutout values were higher this morning, the lean hog complex was trailing lower into Monday's noon hour as traders seem to be cautious to advance the market much more, given that late last week the complex rallied aggressively. Pork ended the day in the red.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/08204004/30001.mp3">Click HERE for Audio</a>

Grains:March corn closed down 1 cent and May corn was down 1 1/4 cents. January soybeans closed down 5 cents and March soybeans were down 5 1/2 cents. March KC wheat closed down 6 cents, March Chicago wheat was down 8 1/2 cents, March MIAX Minneapolis wheat was down 7 cents.Corn, soybean, and wheat futures fell again to begin the new week as rainfall in South America through the first half of December has given way to refreshed bearish supply concerns. Meanwhile, from a technical standpoint, if prices are to continue selling off through the week and month, long standing chart support levels will be tested.&nbsp;Livestock:The livestock complex was trading mixed into Monday's noon hour as traders sat tight, waiting to see what fundamental support arises this week. But unless something powerful happens in the cattle complex, it's unlikely that trades are going to trade the market above its 100-day moving average any time soon.Cattle finished the day i the green. Live Cattle was once again, backed up against the market's 100-day moving average, the live cattle complex was on pins and needles as it desired to trade higher, but traders weren't confident that the market possessed enough support to conquer its 100-day moving average.&nbsp;The feeder cattle complex was much the same attitude and followed the live cattle into the green at the end of the dayAlthough pork cutout values were higher this morning, the lean hog complex was trailing lower into Monday's noon hour as traders seem to be cautious to advance the market much more, given that late last week the complex rallied aggressively. Pork ended the day in the red.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/08204004/30001.mp3">Click HERE for Audio</a>

Commodity markets daily recap

A USDA report says exports of corn continued their torrid pace while soybean shipments remained well behind 2024 year-end totals during the week ending on November 13. The report contains the latest export sales data as USDA continues playing catchup after the government shutdown that ended a month ago. 

Corn exports from the start of the marketing year through mid-November totaled 16.23 million metric tons, which the agency says is up 74 percent year over year. Commitments from overseas buyers to purchase U.S. corn were up 30 percent annually to 40.72 million metric tons. Soybean exports plunged 41 percent to 10.048 million metric tons. USDA said promises to purchase U.S. soybeans were reported at 18.043 million metric tons, also down 41 percent year over year. Wheat exports from the start of the marketing year totaled 12.196 million metric tons, up 23 percent annually.

A USDA report says exports of corn continued their torrid pace while soybean shipments remained well behind 2024 year-end totals during the week ending on November 13. The report contains the latest export sales data as USDA continues playing catchup after the government shutdown that ended a month ago. Corn exports from the start of the marketing year through mid-November totaled 16.23 million metric tons, which the agency says is up 74 percent year over year. Commitments from overseas buyers to purchase U.S. corn were up 30 percent annually to 40.72 million metric tons. Soybean exports plunged 41 percent to 10.048 million metric tons. USDA said promises to purchase U.S. soybeans were reported at 18.043 million metric tons, also down 41 percent year over year. Wheat exports from the start of the marketing year totaled 12.196 million metric tons, up 23 percent annually.-NAFB

U.S. Corn Exports Well Above Last Year’s Pace

The Fertilizer Institute praised the House of Representatives for passing HR 3898, the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act. It’s legislation designed to bring clarity, consistency, and predictability to the federal Clean Water Act permitting process. 

“Permitting reform is essential to strengthening America’s fertilizer supply chain,” said TFI President and CEO Corey Rosenbusch. “For new phosphate and potash mining projects to nitrogen production and modern distribution facilities, today’s permitting process is too often defined by years’-long delays and significant uncertainty.” He added that the PERMIT Act provides the guardrails needed to keep critical projects moving while maintaining protections for water quality and natural resources. 

TFI members routinely face permitting delays for new and expanded fertilizer production operations that stretch into decades and cost tens of millions of dollars. The delay impacts the farmers who rely on a stable, affordable, and abundant supply of fertilizer.

The Fertilizer Institute praised the House of Representatives for passing HR 3898, the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act. It’s legislation designed to bring clarity, consistency, and predictability to the federal Clean Water Act permitting process. “Permitting reform is essential to strengthening America’s fertilizer supply chain,” said TFI President and CEO Corey Rosenbusch. “For new phosphate and potash mining projects to nitrogen production and modern distribution facilities, today’s permitting process is too often defined by years’-long delays and significant uncertainty.” He added that the PERMIT Act provides the guardrails needed to keep critical projects moving while maintaining protections for water quality and natural resources. TFI members routinely face permitting delays for new and expanded fertilizer production operations that stretch into decades and cost tens of millions of dollars. The delay impacts the farmers who rely on a stable, affordable, and abundant supply of fertilizer.-NAFB

TFI Applauds House Passing the PERMIT Act

March corn closed down 5 3/4 cents and May corn was down 5 1/4 cents. January soybeans closed down 16 3/4 cents and March soybeans were down 16 cents. March KC wheat closed down 4 1/4 cents, March Chicago wheat was down 4 1/4 cents, March Minneapolis wheat was down 1/2 cents.

March corn closed down 4 cents and March corn was down 3 1/4 cents. January soybeans closed down 28 1/2 cents and March soybeans were down 29 1/4 cents. March KC wheat closed down 13 1/4 cents, March Chicago wheat was down 6 1/2 cents and March Minneapolis wheat was up 2 3/4 cents.

The mostly bearish price action in row-crop futures on Friday was not unique just to agricultural products, with heavy selling seen across macroeconomic markets as well from equities to energies. In row crops, soybeans again led the way lower as bears remain in full control of momentum currently; although the market is becoming a touch oversold from a technical standpoint. Corn and wheat markets were lower as well with corn lower on the soybean weakness and wheat markets initially holding stubbornly to short gains were ultimately unable to trade against the overarching bearish tone to close the week. Looking at outside markets, essentially the only major indicator which was higher for Friday was the U.S. Dollar Index, snapping a streak of two lower days primarily due to higher Treasury yields.

Following Thursday's rally, the live cattle complex once again traded lower as the market still doesn't believe it possesses enough support to challenge the market's resistance at its 100-day moving average. One could argue that the rally this week in the fed cash cattle market should be enough support to help traders make that move, but from a technical standpoint, traders still aren't confident about that leap. If traders were to challenge the resistance at the 100-day moving average, they'd need to believe that there's enough support in the marketplace to not only conquer that threshold, but also sustain a position above that mark as a move over the 100-day moving average would signal continued support, which is likely what traders are struggling with most at this point given that they obviously see that the market holds ample fundamental support this week, but don't know what's in store for the upcoming holiday weeks. So far this week Northern dressed cattle have traded at mostly $353 to $355, which is $10.00 to $12.00 higher than last week's weighted average, and Southern live cattle have traded at mostly $230, which is $6.00 higher than last week's weighted average. Boxed beef prices are mixed: choice down $0.85 ($357.26) and select up $1.32 ($344.87) with a movement of 89 loads (61.32 loads of choice, 8.07 loads of select, 15.07 loads of trim and 4.20 loads of ground beef).

The feeder cattle complex doesn't seem to believe it has enough support either to sustain its position above the market's 100-day moving average, and it's currently trading below that threshold. Today's slight regression doesn't likely mean that traders believe the market needs to again trade vastly lower, but rather that they potentially jumped the gun on challenging the resistance at the market's 100-day moving average.

While the cattle contracts were trading mostly lower, the lean hog complex fought to keep its upward momentum. Today's support mostly came from traders' willingness to continue to advance the complex as pork cash prices and pork cutout values were lower.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/12140312/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 5 3/4 cents and May corn was down 5 1/4 cents. January soybeans closed down 16 3/4 cents and March soybeans were down 16 cents. March KC wheat closed down 4 1/4 cents, March Chicago wheat was down 4 1/4 cents, March Minneapolis wheat was down 1/2 cents.For the Week:March corn closed down 4 cents and March corn was down 3 1/4 cents. January soybeans closed down 28 1/2 cents and March soybeans were down 29 1/4 cents. March KC wheat closed down 13 1/4 cents, March Chicago wheat was down 6 1/2 cents and March Minneapolis wheat was up 2 3/4 cents.The mostly bearish price action in row-crop futures on Friday was not unique just to agricultural products, with heavy selling seen across macroeconomic markets as well from equities to energies. In row crops, soybeans again led the way lower as bears remain in full control of momentum currently; although the market is becoming a touch oversold from a technical standpoint. Corn and wheat markets were lower as well with corn lower on the soybean weakness and wheat markets initially holding stubbornly to short gains were ultimately unable to trade against the overarching bearish tone to close the week. Looking at outside markets, essentially the only major indicator which was higher for Friday was the U.S. Dollar Index, snapping a streak of two lower days primarily due to higher Treasury yields.LIVESTOCK:Following Thursday's rally, the live cattle complex once again traded lower as the market still doesn't believe it possesses enough support to challenge the market's resistance at its 100-day moving average. One could argue that the rally this week in the fed cash cattle market should be enough support to help traders make that move, but from a technical standpoint, traders still aren't confident about that leap. If traders were to challenge the resistance at the 100-day moving average, they'd need to believe that there's enough support in the marketplace to not only conquer that threshold, but also sustain a position above that mark as a move over the 100-day moving average would signal continued support, which is likely what traders are struggling with most at this point given that they obviously see that the market holds ample fundamental support this week, but don't know what's in store for the upcoming holiday weeks. So far this week Northern dressed cattle have traded at mostly $353 to $355, which is $10.00 to $12.00 higher than last week's weighted average, and Southern live cattle have traded at mostly $230, which is $6.00 higher than last week's weighted average. Boxed beef prices are mixed: choice down $0.85 ($357.26) and select up $1.32 ($344.87) with a movement of 89 loads (61.32 loads of choice, 8.07 loads of select, 15.07 loads of trim and 4.20 loads of ground beef).The feeder cattle complex doesn't seem to believe it has enough support either to sustain its position above the market's 100-day moving average, and it's currently trading below that threshold. Today's slight regression doesn't likely mean that traders believe the market needs to again trade vastly lower, but rather that they potentially jumped the gun on challenging the resistance at the market's 100-day moving average.While the cattle contracts were trading mostly lower, the lean hog complex fought to keep its upward momentum. Today's support mostly came from traders' willingness to continue to advance the complex as pork cash prices and pork cutout values were lower.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/12140312/web-closing-markets.mp3">Click HERE for audio</a>

A bipartisan group of 23 senators called on the U.S. Department of Agriculture to expedite development of a comprehensive bird flu vaccination strategy amid rising infections in livestock flocks. Lawmakers warn that outbreaks of highly pathogenic avian influenza, or HPAI, have killed millions of birds nationwide, threatening poultry producers already coping with supply chain pressures and volatile markets. 

While USDA announced plans earlier in the year to pursue a vaccine, senators say the lack of a clear timeline and implementation framework has left farmers without a dependable tool to protect flocks. The group emphasized that any vaccination approach should be grounded in scientific research and include input from producers, veterinarians and trade stakeholders. They also highlighted concerns about how vaccination policies could affect international trade if foreign partners remain wary of U.S. poultry exports. USDA has pledged research funding but has not yet released detailed operational plans. 

A bipartisan group of 23 senators called on the U.S. Department of Agriculture to expedite development of a comprehensive bird flu vaccination strategy amid rising infections in livestock flocks. Lawmakers warn that outbreaks of highly pathogenic avian influenza, or HPAI, have killed millions of birds nationwide, threatening poultry producers already coping with supply chain pressures and volatile markets. While USDA announced plans earlier in the year to pursue a vaccine, senators say the lack of a clear timeline and implementation framework has left farmers without a dependable tool to protect flocks. The group emphasized that any vaccination approach should be grounded in scientific research and include input from producers, veterinarians and trade stakeholders. They also highlighted concerns about how vaccination policies could affect international trade if foreign partners remain wary of U.S. poultry exports. USDA has pledged research funding but has not yet released detailed operational plans. -NAFB

Senators push USDA for faster bird flu vaccine plan

American farmers reacted to the federal government’s newly announced $12 billion aid package with cautious relief, saying the funds may help some producers but won’t offset major financial strains facing the industry. The payments, which are part of a one-time bridge program aimed at helping farmers manage high input costs and market disruptions, are designed to provide temporary relief as producers prepare for the upcoming planting season. 

However, growers and agricultural economists argue the amount will not fully cover losses tied to depressed commodity prices, reduced export demand and elevated expenses for fuel, fertilizer and labor. Some producers said while the support offers needed breathing room, it does not address ongoing structural challenges, including trade barriers that have limited market access for major crops. Farm leaders continue to urge policymakers to pursue long-term market solutions alongside emergency support. 

American farmers reacted to the federal government’s newly announced $12 billion aid package with cautious relief, saying the funds may help some producers but won’t offset major financial strains facing the industry. The payments, which are part of a one-time bridge program aimed at helping farmers manage high input costs and market disruptions, are designed to provide temporary relief as producers prepare for the upcoming planting season. However, growers and agricultural economists argue the amount will not fully cover losses tied to depressed commodity prices, reduced export demand and elevated expenses for fuel, fertilizer and labor. Some producers said while the support offers needed breathing room, it does not address ongoing structural challenges, including trade barriers that have limited market access for major crops. Farm leaders continue to urge policymakers to pursue long-term market solutions alongside emergency support. -NAFB

Farmers say new $12B aid still falls short 

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

Soybean futures alternated between marginal losses and gains multiple times through Tuesday's session, ultimately settling slightly higher. Meanwhile, corn and wheat futures were also very indecisive, with corn prices remaining in prevailing price range, and wheat futures themselves mixed, with lower Kansas City futures but higher Chicago and Minneapolis markets. In outside markets, the Dow Jones Industrial Average has moved to new record highs on Thursday following the interest rate cut by the Federal Reserve on Wednesday. Meanwhile, energy prices provided some pressure to Ag futures on Thursday, with crude oil futures lower for the third session out of the past four, hitting the lowest price for most active futures since mid-October, which is among the lowest of 2025 as well.

The live cattle complex grew more brave as the market pushed a $1.00 to $2.00 rally into Thursday's noon hour, but in doing so has grown increasingly closer to pushing the market's resistance at its 100-day moving average. But until this point, traders haven't been convinced that the market possesses enough support to break above that threshold. Upon seeing some sharply higher sales develop in the fed cash cattle market, traders have grown braver. A few deals have been marked this morning at $355 dressed in Nebraska, which is $12.00 higher than last week's weighted average. Boxed beef prices are mixed: choice down $0.42 ($358.94) and select up $0.77 ($345.65) with a movement of 114 loads (52.95 loads of choice, 9.31 loads of select, 40.08 loads of trim and 11.42 loads of ground beef).

The feeder cattle complex has taken the brave leap of faith as it's seeing its spot January contract trade above its 100-day moving average.With the bullish developments in the fed cash cattle market, there's a chance that the market could close with this momentum.

The lean hog complex has also broken through its resistance at $82.00 as the spot February contract is currently trading above $84.00. A bullish tone has seemed to overtake the livestock complex, which is helping lend the lean hog complex a little more support, and it's also favorable that pork cutout values were higher again this morning.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/11135302/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 1/2 cents. January soybeans closed up 2 1/4 cents and March soybeans were up 1 3/4 cents. March KC wheat closed down 1 cent, March Chicago wheat was up 4 cents, March Minneapolis wheat was up 1 cent.Soybean futures alternated between marginal losses and gains multiple times through Tuesday's session, ultimately settling slightly higher. Meanwhile, corn and wheat futures were also very indecisive, with corn prices remaining in prevailing price range, and wheat futures themselves mixed, with lower Kansas City futures but higher Chicago and Minneapolis markets. In outside markets, the Dow Jones Industrial Average has moved to new record highs on Thursday following the interest rate cut by the Federal Reserve on Wednesday. Meanwhile, energy prices provided some pressure to Ag futures on Thursday, with crude oil futures lower for the third session out of the past four, hitting the lowest price for most active futures since mid-October, which is among the lowest of 2025 as well.LIVESTOCK:The live cattle complex grew more brave as the market pushed a $1.00 to $2.00 rally into Thursday's noon hour, but in doing so has grown increasingly closer to pushing the market's resistance at its 100-day moving average. But until this point, traders haven't been convinced that the market possesses enough support to break above that threshold. Upon seeing some sharply higher sales develop in the fed cash cattle market, traders have grown braver. A few deals have been marked this morning at $355 dressed in Nebraska, which is $12.00 higher than last week's weighted average. Boxed beef prices are mixed: choice down $0.42 ($358.94) and select up $0.77 ($345.65) with a movement of 114 loads (52.95 loads of choice, 9.31 loads of select, 40.08 loads of trim and 11.42 loads of ground beef).The feeder cattle complex has taken the brave leap of faith as it's seeing its spot January contract trade above its 100-day moving average.With the bullish developments in the fed cash cattle market, there's a chance that the market could close with this momentum.The lean hog complex has also broken through its resistance at $82.00 as the spot February contract is currently trading above $84.00. A bullish tone has seemed to overtake the livestock complex, which is helping lend the lean hog complex a little more support, and it's also favorable that pork cutout values were higher again this morning. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/11135302/web-closing-markets.mp3">Click HERE for audio</a>

A new CoBank Report on the forces shaping the economy in 2026 says ample grain supplies will likely continue burdening the markets in 2026. Global grain and oilseed markets are still oversupplied, but increased biofuels production and improving export conditions are boosting optimism that prices have passed their cyclical bottoms. Demand for U.S. grains and oilseeds will continue strengthening as low prices stimulate usage. 

Elsewhere, investment in efficiency is paying dividends in animal protein production as consumers continue demanding more. Despite rising prices for meat and poultry, animal protein demand is expected to remain strong in 2026. The combination of higher revenues and falling feed prices is boosting producer optimism for the year ahead, but not to the degree that expansion is expected to proliferate. Milk protein is also poised for an extended bull-market run as demand for protein-based dairy products continues to climb. 

A new CoBank Report on the forces shaping the economy in 2026 says ample grain supplies will likely continue burdening the markets in 2026. Global grain and oilseed markets are still oversupplied, but increased biofuels production and improving export conditions are boosting optimism that prices have passed their cyclical bottoms. Demand for U.S. grains and oilseeds will continue strengthening as low prices stimulate usage. Elsewhere, investment in efficiency is paying dividends in animal protein production as consumers continue demanding more. Despite rising prices for meat and poultry, animal protein demand is expected to remain strong in 2026. The combination of higher revenues and falling feed prices is boosting producer optimism for the year ahead, but not to the degree that expansion is expected to proliferate. Milk protein is also poised for an extended bull-market run as demand for protein-based dairy products continues to climb. -NAFB

CoBank: forces shaping the 2026 rural economy

The Sustainable Aviation Fuel Coalition’s Executive Director Allison Graab, applauded the introduction of the “Securing America’s Fuels Act” in the U.S. House. The SAF Act restores the full value of the credit for SAF and extends the entire 45Z tax credit through 2033. Senator Mike Flood (NE), one of the sponsors, said now is the right time for this legislation as America is on the cusp of the next great biofuels' revolution. “This Act is yet another way that Congress can grow our biofuels economy and encourage innovation that creates great jobs across Rural America,” Flood said. 

Kansas Representative, Sharice Davids said the SAF Act ensures that clean fuel production incentives are strong and long-term, so businesses, farmers, and innovators can plan for the future with confidence. “Sustainable aviation fuel isn’t just good for the environment, it’s good for our farmers, communities, and economy,” said Kansas Representative Tracey Mann. 

The Sustainable Aviation Fuel Coalition’s Executive Director Allison Graab, applauded the introduction of the “Securing America’s Fuels Act” in the U.S. House. The SAF Act restores the full value of the credit for SAF and extends the entire 45Z tax credit through 2033. Senator Mike Flood (NE), one of the sponsors, said now is the right time for this legislation as America is on the cusp of the next great biofuels' revolution. “This Act is yet another way that Congress can grow our biofuels economy and encourage innovation that creates great jobs across Rural America,” Flood said. Kansas Representative, Sharice Davids said the SAF Act ensures that clean fuel production incentives are strong and long-term, so businesses, farmers, and innovators can plan for the future with confidence. “Sustainable aviation fuel isn’t just good for the environment, it’s good for our farmers, communities, and economy,” said Kansas Representative Tracey Mann. -NAFB

SAF coalition applauds Securing America’s Fuels Act

The American Lamb Board is excited to share a new seasonal promotion designed to help drive consumers to restaurants that proudly feature American lamb, and to highlight the hard work of our U.S. sheep producers. 

ALB launched the Feast It Forward Giveaway, giving consumers a chance to win a gift card to their favorite restaurant serving American lamb. It’s a holiday incentive that keeps American lamb top-of-mind during one of the busiest dining seasons of the year. Participants can enter by visiting the Holiday Headquarters at Americanlamb.com. They can nominate their favorite restaurant that serves lamb and submit their entry. 

Winners will be announced at the end of December. “It’s a fun giveaway that celebrates the chefs, restaurants, and the producers who bring our American Lamb experiences to life,” said ALB Chair Jeff Ebert. “We support the restaurants that champion American Lamb and give consumers another reason to enjoy it.”

The American Lamb Board is excited to share a new seasonal promotion designed to help drive consumers to restaurants that proudly feature American lamb, and to highlight the hard work of our U.S. sheep producers. ALB launched the Feast It Forward Giveaway, giving consumers a chance to win a gift card to their favorite restaurant serving American lamb. It’s a holiday incentive that keeps American lamb top-of-mind during one of the busiest dining seasons of the year. Participants can enter by visiting the Holiday Headquarters at Americanlamb.com. They can nominate their favorite restaurant that serves lamb and submit their entry. Winners will be announced at the end of December. “It’s a fun giveaway that celebrates the chefs, restaurants, and the producers who bring our American Lamb experiences to life,” said ALB Chair Jeff Ebert. “We support the restaurants that champion American Lamb and give consumers another reason to enjoy it.”- NAFB

Lamb Farmers Launch Feast It Forward Giveaway

Following the success of its 40th music anniversary and food festival in Minneapolis, Minnesota, Farm Aid said it’s distributing over $1.3 million in grant funding this year to support family farmers. 

Putting the proceeds of its annual festival to work to strengthen family farms and agriculture, Farm Aid’s End of the Year Grant Program advances the on-the-ground work of farm and food organizations across the country. “These organizations are at the heart of the farm movement, with family farmers at the center of their work and leadership,” said Farm Aid President and Founder Willie Nelson. “This is especially important as farmers once again face trying times reminiscent of the crisis that gave rise to Farm Aid and the movement we’re a part of.” 

This month, Farm Aid committed $1,146,000 to 106 family farm, rural response, and urban agriculture organizations. Another $190,000+ going to other grant programs brings it to $1,336,000 this year.

Following the success of its 40th music anniversary and food festival in Minneapolis, Minnesota, Farm Aid said it’s distributing over $1.3 million in grant funding this year to support family farmers. Putting the proceeds of its annual festival to work to strengthen family farms and agriculture, Farm Aid’s End of the Year Grant Program advances the on-the-ground work of farm and food organizations across the country. “These organizations are at the heart of the farm movement, with family farmers at the center of their work and leadership,” said Farm Aid President and Founder Willie Nelson. “This is especially important as farmers once again face trying times reminiscent of the crisis that gave rise to Farm Aid and the movement we’re a part of.” This month, Farm Aid committed $1,146,000 to 106 family farm, rural response, and urban agriculture organizations. Another $190,000+ going to other grant programs brings it to $1,336,000 this year.- NAFB

Farm Aid Distributes Over $1.3 Million in Grants

The USDA is making $12 billion available in one-time bridge payments to American farmers in response to temporary trade market disruptions and increased production costs that are still impacting farmers. 

These bridge payments are intended in part to aid farmers until investments from the One Big Beautiful Bill Act, which includes a 10-21 percent increase in reference prices, are set to reach eligible farmers on October 1, 2026. Of the $12 billion provided, up to $11 billion will be used for the Farmer Bridge Assistance Program, which provides broad relief to row crop farmers producing a wide range of commodities. Farmers who qualify for the FBA Program can expect payments to be released by February 28, 2026. 

Eligible farmers should ensure their 2025 acreage reporting is factual and accurate by 5pm ET on December 19, 2025. Commodity-specific payment rates will be released by the end of the month.

The USDA is making $12 billion available in one-time bridge payments to American farmers in response to temporary trade market disruptions and increased production costs that are still impacting farmers. These bridge payments are intended in part to aid farmers until investments from the One Big Beautiful Bill Act, which includes a 10-21 percent increase in reference prices, are set to reach eligible farmers on October 1, 2026. Of the $12 billion provided, up to $11 billion will be used for the Farmer Bridge Assistance Program, which provides broad relief to row crop farmers producing a wide range of commodities. Farmers who qualify for the FBA Program can expect payments to be released by February 28, 2026. Eligible farmers should ensure their 2025 acreage reporting is factual and accurate by 5pm ET on December 19, 2025. Commodity-specific payment rates will be released by the end of the month.- NAFB

More Details on the Emergency Bridge Payments to Farmers

March corn was up 4 1/4 cents per bushel, January soybeans were down 6 1/2 cents, March KC wheat was 1/4 cent lower steady, March Chicago wheat was 1/2 cent higher and March Minneapolis wheat was near unchanged.

Heading into the Tuesday close, except for corn, the December WASDE report turned out to be a dud. Corn export sales were increased by a more-than-expected 125 mb to a record large 3.2 billion bushels. The wheat and soy balance sheets in the U.S. were left untouched and that seems strange for beans with the tepid pace of China purchases. In wheat, major exporter supplies rose by close to 9 mmt, but that was pretty much in the market.

The live cattle complex got off to a mild rally this morning as the market desires to trade higher, but traders aren't confident that the market possesses enough support to break through the market's stiff resistance at its 40-day and 100-day moving averages just yet. Still no cash cattle trade has developed and bids and asking prices remain elusive at this point. Tuesday's WASDE report shared mixed news for cattle and beef markets of 2025 and 2026. Beef production for 2025 was increased as both fed and non-fed slaughter have increased, and as carcass weights continue to be at an all-time high. Beef production for 2025 is now estimated at 25,950 million pounds -- up 194 million pounds from last month's report. Beef production for 2026 increased from last month's report as well -- now estimated to total 25,725 million pounds, up 335 million pounds from last month's estimate.

The feeder cattle complex was traded right in line again this week with the live cattle market -- seeing more than enough fundamental support in feeder cattle sales in the countryside -- but without the technical reassurance from the live cattle market, traders aren't willing to push the contracts beyond the 40-day and 100-day moving averages just yet. Yesterday afternoon, feeder cattle prices were marked anywhere from $5.00 to $30.00 higher as demand has again perked back up in the countryside.

And just like the cattle complex, the market's resistance simply seems too stiff for the lean hog complex to challenge at this point in time, as most of the contracts traded lower into the day's closing bell. It's likely that the market will keep this slightly lower tone, as it's going to take substantial fundamental support to develop before traders will likely challenge that resistance threshold. And although midday pork cutout values were higher, traders are going to need to see consistent support as well. Tuesday's WASDE report shared mixed news for the hog and pork markets of 2025 and 2026. Pork production for 2025 was decreased by 25 million pounds, and pork production for 2026 remained steady at 27,475 million pounds for 2026.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/09141508/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn was up 4 1/4 cents per bushel, January soybeans were down 6 1/2 cents, March KC wheat was 1/4 cent lower steady, March Chicago wheat was 1/2 cent higher and March Minneapolis wheat was near unchanged. Heading into the Tuesday close, except for corn, the December WASDE report turned out to be a dud. Corn export sales were increased by a more-than-expected 125 mb to a record large 3.2 billion bushels. The wheat and soy balance sheets in the U.S. were left untouched and that seems strange for beans with the tepid pace of China purchases. In wheat, major exporter supplies rose by close to 9 mmt, but that was pretty much in the market.LIVESTOCK:The live cattle complex got off to a mild rally this morning as the market desires to trade higher, but traders aren't confident that the market possesses enough support to break through the market's stiff resistance at its 40-day and 100-day moving averages just yet. Still no cash cattle trade has developed and bids and asking prices remain elusive at this point. Tuesday's WASDE report shared mixed news for cattle and beef markets of 2025 and 2026. Beef production for 2025 was increased as both fed and non-fed slaughter have increased, and as carcass weights continue to be at an all-time high. Beef production for 2025 is now estimated at 25,950 million pounds -- up 194 million pounds from last month's report. Beef production for 2026 increased from last month's report as well -- now estimated to total 25,725 million pounds, up 335 million pounds from last month's estimate. The feeder cattle complex was traded right in line again this week with the live cattle market -- seeing more than enough fundamental support in feeder cattle sales in the countryside -- but without the technical reassurance from the live cattle market, traders aren't willing to push the contracts beyond the 40-day and 100-day moving averages just yet. Yesterday afternoon, feeder cattle prices were marked anywhere from $5.00 to $30.00 higher as demand has again perked back up in the countryside.And just like the cattle complex, the market's resistance simply seems too stiff for the lean hog complex to challenge at this point in time, as most of the contracts traded lower into the day's closing bell. It's likely that the market will keep this slightly lower tone, as it's going to take substantial fundamental support to develop before traders will likely challenge that resistance threshold. And although midday pork cutout values were higher, traders are going to need to see consistent support as well. Tuesday's WASDE report shared mixed news for the hog and pork markets of 2025 and 2026. Pork production for 2025 was decreased by 25 million pounds, and pork production for 2026 remained steady at 27,475 million pounds for 2026.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/09141508/web-closing-markets.mp3">Click HERE for audio</a>

Five major global gas companies announced a major new partnership to build a large-scale e-methane production facility in Nebraska. Biogenic CO2 sourced from ethanol producers is a critical feedstock for e-methane production, and the ability to secure CO2 delivery via pipeline is the primary reason this project targeted Nebraska. It’s a clear signal that international capital is flowing into the Midwest to secure reliable, low-carbon fuel sources for export markets. 

Methane, also known as natural gas, is usually drilled out of the ground, but can also chemically be formed. When burned, synthetic methane emits greenhouse gases but is considered less polluting due to its cleaner production process and re-use of CO2. A final investment decision is expected in 2027 on the facility, with startup scheduled for 2030. A statement from the five companies said the Live Oak Project will leverage Nebraska’s abundant biogenic CO2 resources, captured from bioethanol plants. 

Five major global gas companies announced a major new partnership to build a large-scale e-methane production facility in Nebraska. Biogenic CO2 sourced from ethanol producers is a critical feedstock for e-methane production, and the ability to secure CO2 delivery via pipeline is the primary reason this project targeted Nebraska. It’s a clear signal that international capital is flowing into the Midwest to secure reliable, low-carbon fuel sources for export markets. Methane, also known as natural gas, is usually drilled out of the ground, but can also chemically be formed. When burned, synthetic methane emits greenhouse gases but is considered less polluting due to its cleaner production process and re-use of CO2. A final investment decision is expected in 2027 on the facility, with startup scheduled for 2030. A statement from the five companies said the Live Oak Project will leverage Nebraska’s abundant biogenic CO2 resources, captured from bioethanol plants. -NAFB

Global investors betting on Nebraska

President Donald Trump was expected to announce a $12 billion aid package on Monday afternoon. Administration officials told the AP that it will be a boost for farmers struggling to sell their crops due to a months-long trade war with China and many other overseas markets. Trump was expected to unveil the plan at a White House roundtable with Treasury and Agriculture Secretaries Scott Bessent and Brooke Rollins, as well as lawmakers and farmers who grow commodities like corn, soybeans, cotton, and many others. 

Up to $11 billion is set aside for the USDA’s Farmer Bridge Assistance Program, which the administration says will offer a one-time payment to farmers of row crops of all kinds. The rest will be for U.S. farmers growing crops not covered under the bridge assistance program. It’s to help offer certainty to farmers as they market the current harvest and plan for next year. 

President Donald Trump was expected to announce a $12 billion aid package on Monday afternoon. Administration officials told the AP that it will be a boost for farmers struggling to sell their crops due to a months-long trade war with China and many other overseas markets. Trump was expected to unveil the plan at a White House roundtable with Treasury and Agriculture Secretaries Scott Bessent and Brooke Rollins, as well as lawmakers and farmers who grow commodities like corn, soybeans, cotton, and many others. Up to $11 billion is set aside for the USDA’s Farmer Bridge Assistance Program, which the administration says will offer a one-time payment to farmers of row crops of all kinds. The rest will be for U.S. farmers growing crops not covered under the bridge assistance program. It’s to help offer certainty to farmers as they market the current harvest and plan for next year. -NAFB

White House announcing $12 billion in farm assistance

<figure>
 <img src="https://media.eaglewebservices.com/public/2025/12/1765228441626.jpeg" alt="President Trump with farmers and ranchers in Oval Office Monday-photo by Margo Martin, Assistant to the President" />
 <figcaption>President Trump with farmers and ranchers in Oval Office Monday-photo by Margo Martin, Assistant to the President</figcaption>
 </figure><div><blockquote class="twitter-tweet">🚨 <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &quot;I&#39;m delighted to announce this afternoon that the United States will be taking a small portion of the hundreds of billions of dollars we receive in tariffs... We&#39;re going to use that money to provide $12B in economic assistance to American farmers.&quot; <a href="https://t.co/upHPD6a9eP">pic.twitter.com/upHPD6a9eP</a>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998115240983019905?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">.<a href="https://twitter.com/SecRollins?ref_src=twsrc%5Etfw">@SecRollins</a>: As <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> said, we are very pleased to announce that today, we are going to be effectuating a $11B bridge payment to our farmers... by the end of this month, every farmer that is able to apply for it will know exactly what that number looks like. <a href="https://t.co/3cKmFw6OQC">https://t.co/3cKmFw6OQC</a> <a href="https://t.co/hUk5XFmVMd">pic.twitter.com/hUk5XFmVMd</a>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998118157178069161?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">.<a href="https://twitter.com/SecScottBessent?ref_src=twsrc%5Etfw">@SecScottBessent</a>: &quot;These direct payments will give producers the breathing room they need to market this year’s harvest and plan for next season... thanks to the administration&#39;s pro growth policies, input costs like fuel and fertilizer are easing... Interest rates are coming… <a href="https://t.co/3cKmFw6OQC">https://t.co/3cKmFw6OQC</a> <a href="https://t.co/afbyMM1E89">pic.twitter.com/afbyMM1E89</a>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998120274764632411?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> on lowering the cost of farm equipment: &quot;We’re going to take off a lot of the environmental restrictions that they have on machinery... we’re going to take a lot of that nonsense off of the equipment, which is going to reduce [prices].&quot; <a href="https://t.co/bPuKHsgeGA">pic.twitter.com/bPuKHsgeGA</a>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998119170899136723?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> announces 12 billion in economic assistance to farmers: &quot;We&#39;re going to use that money to provide 12 billion dollars in economic assistance to American farmers&quot; <a href="https://t.co/SR3Yti19GA">pic.twitter.com/SR3Yti19GA</a>&mdash; CSPAN (@cspan) <a href="https://twitter.com/cspan/status/1998125773304066198?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> announces 12 billion in economic assistance to farmers: &quot;We&#39;re going to use that money to provide 12 billion dollars in economic assistance to American farmers&quot; <a href="https://t.co/SR3Yti19GA">pic.twitter.com/SR3Yti19GA</a>&mdash; CSPAN (@cspan) <a href="https://twitter.com/cspan/status/1998125773304066198?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">“Farmers are an indispensable national asset, part of the backbone of America…I’ve always felt it so strongly. They are so important.” <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> ❤️ <a href="https://t.co/hDv28uOrdM">pic.twitter.com/hDv28uOrdM</a>&mdash; Margo Martin (@MargoMartin47) <a href="https://twitter.com/MargoMartin47/status/1998122795981541672?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">Meryl Kennedy, Rice, Corn, and Soybean Farmer from Monroe, LA: &quot;The rice industry thanks you sincerely for what you have done for the California rice market into Japan. It has been monumental for our industry.&quot; <a href="https://t.co/4tqdnu25Io">pic.twitter.com/4tqdnu25Io</a>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998124143968145796?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div><div><blockquote class="twitter-tweet">Cordt Holub, Corn and Soybean Farmer from Dysart, Iowa: &quot;I think you brought Christmas to farmers with this bridge payment... What you&#39;re doing here in D.C. is working... I&#39;ll be able to potentially pass on a farm to my children because of you.&quot; ❤️ <a href="https://t.co/3cKmFw6h14">https://t.co/3cKmFw6h14</a> <a href="https://t.co/aW1qXFws2Q">pic.twitter.com/aW1qXFws2Q</a>&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1998122935828058237?ref_src=twsrc%5Etfw">December 8, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>

🎥President Trump details the $12B aid package for farmers

March corn closed down 1 cent per bushel at $4.43 3/4 and May Corn&nbsp;closed down 1 cent per bushel at $4.51 1/4 and January soybeans closed down 11 1/2 cents at $10.93 3/4 and May soybeans were down 8 3/4 cents at $11.16 3/4. March KC wheat closed down 4 3/4 cents at $5.26 1/2, March Chicago wheat was down 1 cent at $5.34 3/4 and MIAX March Minneapolis wheat was down 0.02 cents at $5.7125.

Ahead of the December edition of the World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday, traders sent row-crop prices lower to begin the week with the soybean market leading the way. Selling has accelerated in soybean futures following a bearish technical break late last week, while traders are clearly anxious regarding the trade situation with rainfall in Brazil over the past week also weighing on prices. In outside markets, equities turned lower on Monday after rallying through last week back toward October record highs, hitting technical resistance in the process.&nbsp;

The livestock complex was handling Monday's trade a bit more cautiously as traders yearn to see more fundamental support. Especially in the cattle complex, with both the live cattle and feeder cattle contracts nearing their 40-day and 100-day moving averages, traders will need to see more fundamental support before they'll challenge those moving averages.

The lean hog complex closed up after trading mixed into Monday's noon hour as the market would like to continue to trade higher and keep with the trend of last week. But before doing so, traders are hoping to see continued fundamental demand -- especially as they begin to pressure resistance thresholds.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/01204004/30001.mp3">Click HERE for Audio</a>

GrainsMarch corn closed down 1 cent per bushel at $4.43 3/4 and May Corn&nbsp;closed down 1 cent per bushel at $4.51 1/4 and January soybeans closed down 11 1/2 cents at $10.93 3/4 and May soybeans were down 8 3/4 cents at $11.16 3/4. March KC wheat closed down 4 3/4 cents at $5.26 1/2, March Chicago wheat was down 1 cent at $5.34 3/4 and MIAX March Minneapolis wheat was down 0.02 cents at $5.7125.Ahead of the December edition of the World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday, traders sent row-crop prices lower to begin the week with the soybean market leading the way. Selling has accelerated in soybean futures following a bearish technical break late last week, while traders are clearly anxious regarding the trade situation with rainfall in Brazil over the past week also weighing on prices. In outside markets, equities turned lower on Monday after rallying through last week back toward October record highs, hitting technical resistance in the process.&nbsp;LivestockThe livestock complex was handling Monday's trade a bit more cautiously as traders yearn to see more fundamental support. Especially in the cattle complex, with both the live cattle and feeder cattle contracts nearing their 40-day and 100-day moving averages, traders will need to see more fundamental support before they'll challenge those moving averages.The lean hog complex closed up after trading mixed into Monday's noon hour as the market would like to continue to trade higher and keep with the trend of last week. But before doing so, traders are hoping to see continued fundamental demand -- especially as they begin to pressure resistance thresholds.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/01204004/30001.mp3">Click HERE for Audio</a>

The United Nations’ Food and Agriculture Organization’s Food Price Index fell 1.2 percent to 125.1 points in November, marking a third consecutive monthly decline and a new low level since January. 

Sugar prices tumbled 5.9 percent to the lowest level since December 2020, amid expectations of ample global sugar supplies in the current season. Sugar production remained strong in Brazil and India. Dairy prices dropped 3.1 percent to September 2024 lows with declines recorded across all major dairy commodities. Prices for vegetable oils went down 2.6 percent as lower prices in other categories more than offset a slight increase in the price of soy oil. 

Also, meat prices dropped 0.8 percent, continuing to be driven lower by pig and poultry prices. On the other hand, cereal costs went up 1.8 percent, driven by a 2.5 percent increase in wheat bolstered by potential Chinese interest in supplies from the U.S. and reduced Russian plantings.

The United Nations’ Food and Agriculture Organization’s Food Price Index fell 1.2 percent to 125.1 points in November, marking a third consecutive monthly decline and a new low level since January. Sugar prices tumbled 5.9 percent to the lowest level since December 2020, amid expectations of ample global sugar supplies in the current season. Sugar production remained strong in Brazil and India. Dairy prices dropped 3.1 percent to September 2024 lows with declines recorded across all major dairy commodities. Prices for vegetable oils went down 2.6 percent as lower prices in other categories more than offset a slight increase in the price of soy oil. Also, meat prices dropped 0.8 percent, continuing to be driven lower by pig and poultry prices. On the other hand, cereal costs went up 1.8 percent, driven by a 2.5 percent increase in wheat bolstered by potential Chinese interest in supplies from the U.S. and reduced Russian plantings.-NAFB

World Food Prices Fall in November

Merck Animal Health announced that the Food and Drug Administration granted conditional approval for EXOLT CATTLE-CA 1. It’s a new topical that’s approved for the prevention and treatment of infestations caused by New World Screwworm larvae, as well as the treatment and control of the cattle fever tick. 

“The New World Screwworm represents a growing concern to U.S. agriculture, potentially causing devastating economic losses for cattle producers that could reach hundreds of millions of dollars,” said Rick DeLuca, president of Merck Animal Health. “We worked closely with the FDA to accelerate availability so that veterinarians and cattle producers will have access to a powerful new tool to protect cattle from these serious parasites, helping to safeguard the industry’s economic future and the nation’s beef supply.” Merck also received market authorization in Mexico to prevent and treat the New World Screwworm to help control the spread of the parasite and protect cattle.&nbsp;

Merck Animal Health announced that the Food and Drug Administration granted conditional approval for EXOLT CATTLE-CA 1. It’s a new topical that’s approved for the prevention and treatment of infestations caused by New World Screwworm larvae, as well as the treatment and control of the cattle fever tick. “The New World Screwworm represents a growing concern to U.S. agriculture, potentially causing devastating economic losses for cattle producers that could reach hundreds of millions of dollars,” said Rick DeLuca, president of Merck Animal Health. “We worked closely with the FDA to accelerate availability so that veterinarians and cattle producers will have access to a powerful new tool to protect cattle from these serious parasites, helping to safeguard the industry’s economic future and the nation’s beef supply.” Merck also received market authorization in Mexico to prevent and treat the New World Screwworm to help control the spread of the parasite and protect cattle.&nbsp;-NAFB

Conditional Approval of Topical Screwworm Treatment

The holidays bring large increases in food spending for both food at home and food away from home. Consumers’ decisions during this season can have important implications for farmers and ranchers. Farmdoc, at the University of Illinois, said persistent inflation has impacted consumer food decisions in recent years, including their holiday meals. 

This year, estimates of Thanksgiving meal costs showed prices were slightly lower than in previous years. A survey showed 69 percent of respondents expect food prices to affect their meal plans this year. The concern was much higher for people who utilize nutrition assistance programs like SNAP. Despite the challenges, demand for many holiday favorites like turkey remains strong. Despite recent concerns regarding high beef prices, a larger share of consumers report plans to serve beef in their holiday meals compared to recent years. Consumers are adapting by shopping for food deals and shopping earlier than normal.&nbsp;

The holidays bring large increases in food spending for both food at home and food away from home. Consumers’ decisions during this season can have important implications for farmers and ranchers. Farmdoc, at the University of Illinois, said persistent inflation has impacted consumer food decisions in recent years, including their holiday meals. This year, estimates of Thanksgiving meal costs showed prices were slightly lower than in previous years. A survey showed 69 percent of respondents expect food prices to affect their meal plans this year. The concern was much higher for people who utilize nutrition assistance programs like SNAP. Despite the challenges, demand for many holiday favorites like turkey remains strong. Despite recent concerns regarding high beef prices, a larger share of consumers report plans to serve beef in their holiday meals compared to recent years. Consumers are adapting by shopping for food deals and shopping earlier than normal.&nbsp;-NAFB

How Will Food Prices Affect Holiday Meals in 2025?

March corn closed down 2 1/2 cents and May corn was down 2 1/4 cents. January soybeans closed down 14 1/4 cents and March soybeans were down 12 3/4 cents. March KC wheat closed down 2 3/4 cents, March Chicago wheat was down 4 1/2 cents, March Minneapolis wheat was down 0 cents.

March corn closed down 3 cents and March corn was down 3 1/2 cents. January soybeans closed down 32 1/2 cents and March soybeans were down 30 cents. March KC wheat closed up 3 3/4 cents, March Chicago wheat was down 2 3/4 cents and March Minneapolis wheat was down 5 cents.

The soybean market fell by double digits on Friday, and in four of the five sessions this week as traders are expressing growing impatience regarding where cumulative sales stand to China, despite USDA announcing a flash sale Friday morning, the first announcement for soybeans in a week. Corn and wheat futures displayed more resilience on Friday as compared to soybeans but slipped slightly amid spillover weakness as well as uncertainty regarding how USDA will forecast crop demand in next Tuesday's WASDE report, which will leave the supply side of the balance sheet unchanged and among record levels for corn and wheat. In outside markets, a relatively cool inflation reading in the delayed September Personal Consumption Expenditure Index keeps the Federal Reserve on track for a rate cut in their meeting next week. Energy markets were higher to close the week, having gained traction through the second half of the week after the meeting between U.S. and Russian officials in Moscow has featured little follow-through news in regard to advancing peace talks in the Black Sea region.

The live cattle contracts traded higher into Friday's close, as traders remain pleased with the higher uptick thus far in the fed cash cattle market. On Thursday, some Northern dressed cattle traded at $340 to $345, which is $11.00 to $16.00 higher than last week's weighted average. The South remains at an utter standstill, but trade should begin to develop before the day is done. Asking prices for cattle in the South are set at $225 plus and in the North at $346 plus. Boxed beef prices are lower: choice down $0.04 ($362.68) and select down $0.84 ($349.48) with a movement of 100 loads (81.03 loads of choice, 8.93 loads of select, zero loads of trim and 10.25 loads of ground beef).

The feeder cattle complex also traded higher into Friday's closing bell, pushing mostly $1.00 advancements into the late afternoon. Currently, the spot January contract is trading above the market's 40-day moving average, which hasn't been done since Oct. 24, but the market isn't confident enough that there's enough support to conquer the 100-day moving average.

The lean hog contracts managed a fruitful day as the market continues to push onward and higher, currently pressuring the market's resistance at $82.00 in the spot February contract. It is helping that midday pork cutout values were up over $3.00 higher, which is a significant jump and helps traders feel as though demand will remain a key factor moving forward.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/05135801/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 2 1/2 cents and May corn was down 2 1/4 cents. January soybeans closed down 14 1/4 cents and March soybeans were down 12 3/4 cents. March KC wheat closed down 2 3/4 cents, March Chicago wheat was down 4 1/2 cents, March Minneapolis wheat was down 0 cents.For the Week:March corn closed down 3 cents and March corn was down 3 1/2 cents. January soybeans closed down 32 1/2 cents and March soybeans were down 30 cents. March KC wheat closed up 3 3/4 cents, March Chicago wheat was down 2 3/4 cents and March Minneapolis wheat was down 5 cents.The soybean market fell by double digits on Friday, and in four of the five sessions this week as traders are expressing growing impatience regarding where cumulative sales stand to China, despite USDA announcing a flash sale Friday morning, the first announcement for soybeans in a week. Corn and wheat futures displayed more resilience on Friday as compared to soybeans but slipped slightly amid spillover weakness as well as uncertainty regarding how USDA will forecast crop demand in next Tuesday's WASDE report, which will leave the supply side of the balance sheet unchanged and among record levels for corn and wheat. In outside markets, a relatively cool inflation reading in the delayed September Personal Consumption Expenditure Index keeps the Federal Reserve on track for a rate cut in their meeting next week. Energy markets were higher to close the week, having gained traction through the second half of the week after the meeting between U.S. and Russian officials in Moscow has featured little follow-through news in regard to advancing peace talks in the Black Sea region.LIVESTOCK:The live cattle contracts traded higher into Friday's close, as traders remain pleased with the higher uptick thus far in the fed cash cattle market. On Thursday, some Northern dressed cattle traded at $340 to $345, which is $11.00 to $16.00 higher than last week's weighted average. The South remains at an utter standstill, but trade should begin to develop before the day is done. Asking prices for cattle in the South are set at $225 plus and in the North at $346 plus. Boxed beef prices are lower: choice down $0.04 ($362.68) and select down $0.84 ($349.48) with a movement of 100 loads (81.03 loads of choice, 8.93 loads of select, zero loads of trim and 10.25 loads of ground beef).The feeder cattle complex also traded higher into Friday's closing bell, pushing mostly $1.00 advancements into the late afternoon. Currently, the spot January contract is trading above the market's 40-day moving average, which hasn't been done since Oct. 24, but the market isn't confident enough that there's enough support to conquer the 100-day moving average.The lean hog contracts managed a fruitful day as the market continues to push onward and higher, currently pressuring the market's resistance at $82.00 in the spot February contract. It is helping that midday pork cutout values were up over $3.00 higher, which is a significant jump and helps traders feel as though demand will remain a key factor moving forward.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/05135801/web-closing-markets.mp3">Click HERE for audio</a>

USDA plans to roll out a short-term “bridge payment” for farmers next week, officials said Tuesday, in a bid to help growers survive tight margins and trade-related losses. Agriculture Secretary Brooke Rollins told White House colleagues a key purpose of the payment is to cushion crop producers after a year of depressed prices and significant drops in U.S. soybean sales to China. 

While the broader 2025 farm support package has received roughly $40 billion in commitments, the second highest since the 1930s, farming groups say some producers need immediate liquidity to cover seed, fertilizer and other input costs ahead of 2026 planting. Details, including how much each farmer may receive and which crops are eligible, remain unclear. Lawmakers expressed optimism that at least partial payments could be distributed before year’s end. 

USDA plans to roll out a short-term “bridge payment” for farmers next week, officials said Tuesday, in a bid to help growers survive tight margins and trade-related losses. Agriculture Secretary Brooke Rollins told White House colleagues a key purpose of the payment is to cushion crop producers after a year of depressed prices and significant drops in U.S. soybean sales to China. While the broader 2025 farm support package has received roughly $40 billion in commitments, the second highest since the 1930s, farming groups say some producers need immediate liquidity to cover seed, fertilizer and other input costs ahead of 2026 planting. Details, including how much each farmer may receive and which crops are eligible, remain unclear. Lawmakers expressed optimism that at least partial payments could be distributed before year’s end. -NAFB

U.S. officials to announce short-term “Bridge Payment” aid for farmers

Beef production in major exporting and consuming regions is projected to decline in 2025, with global output likely to remain under pressure heading into 2026, analysts at Rabobank reported this week. The report indicates the largest volume reductions are expected in the United States, which has faced shrinking herds and lower slaughter rates. That trend helps explain why other producers — particularly Australia — are expanding feedlot capacity to capitalize on weakened U.S. output. At the same time, production in several other major beef-producing countries — including New Zealand — is forecast to drop the most in percentage terms, driven by tighter margins, disease pressures and shifting global demand. 

Globally, exports of beef and beef products are expected to grow only modestly, as shrinking supplies and rising input costs limit expansion potential, the Rabobank analysis found. This downtrend could have ripple effects on beef prices worldwide — potentially boosting retail costs in importing countries and reshaping consumer supply chains just as demand recovers after pandemic-era disruptions. 

Beef production in major exporting and consuming regions is projected to decline in 2025, with global output likely to remain under pressure heading into 2026, analysts at Rabobank reported this week. The report indicates the largest volume reductions are expected in the United States, which has faced shrinking herds and lower slaughter rates. That trend helps explain why other producers — particularly Australia — are expanding feedlot capacity to capitalize on weakened U.S. output. At the same time, production in several other major beef-producing countries — including New Zealand — is forecast to drop the most in percentage terms, driven by tighter margins, disease pressures and shifting global demand. Globally, exports of beef and beef products are expected to grow only modestly, as shrinking supplies and rising input costs limit expansion potential, the Rabobank analysis found. This downtrend could have ripple effects on beef prices worldwide — potentially boosting retail costs in importing countries and reshaping consumer supply chains just as demand recovers after pandemic-era disruptions. -NAFB