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

U.S. ag futures regained at least part of the midweek losses seen in Wednesday's session. Corn, soybeans, and wheat markets all approached near-term support which encouraged buying as traders are likely satisfied to keep prices within their recent ranges for now, ahead of the USDA update early next week. Outside markets were quiet for Thursday, with mostly higher energy markets, while Treasury yields were mixed to higher which offered support to the U.S. Dollar Index which has fallen in eight of the past ten sessions.

The live cattle complex traded higher into Thursday's closing bell, although midday boxed beef prices were lower, traders are hopeful that the fed cash cattle market will trade cattle stronger later this week. A few bids are currently on the table at $218 live in Kansas, and $216 live and $335 to $340 dressed in Nebraska but no cattle have traded yet. Asking prices are firm at $225 in the South and $340 plus in the North. The market still has plenty of room to trade higher before it runs into resistance pressure, which will likely happen around the market's 100-day moving average ($231.33). Boxed beef prices are lower: choice down $0.78 ($363.03) and select down $3.22 ($349.90) with a movement of 86 loads (67.88 loads of choice, 14.18 loads of select, zero loads of trim and 4.39 loads of ground beef).

Upon seeing the live cattle contracts continue to trade higher, the feeder cattle complex pushed a moderate rally into Thursday's close. This week's rally hasn't only developed throughout the futures complex, but its support has also affected feeder cattle prices, which are trading higher in the countryside once again.

The lean hog complex also traded higher as the market continues to see adequate technical support, even though pork cutout values did not trade higher today. At this point, it's likely that the bulk of this week's trade in the cash hog market is essentially done with, although a few more clean-up sales still could develop.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/04144253/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 3 3/4 cents and May corn was up 3 3/4 cents. January soybeans closed up 3 3/4 cents and March soybeans were up 3 1/4 cents. March KC wheat closed up 4 1/2 cents, March Chicago wheat was up 2 cents, March Minneapolis wheat was down 3 1/4 cents.U.S. ag futures regained at least part of the midweek losses seen in Wednesday's session. Corn, soybeans, and wheat markets all approached near-term support which encouraged buying as traders are likely satisfied to keep prices within their recent ranges for now, ahead of the USDA update early next week. Outside markets were quiet for Thursday, with mostly higher energy markets, while Treasury yields were mixed to higher which offered support to the U.S. Dollar Index which has fallen in eight of the past ten sessions.LIVESTOCK:The live cattle complex traded higher into Thursday's closing bell, although midday boxed beef prices were lower, traders are hopeful that the fed cash cattle market will trade cattle stronger later this week. A few bids are currently on the table at $218 live in Kansas, and $216 live and $335 to $340 dressed in Nebraska but no cattle have traded yet. Asking prices are firm at $225 in the South and $340 plus in the North. The market still has plenty of room to trade higher before it runs into resistance pressure, which will likely happen around the market's 100-day moving average ($231.33). Boxed beef prices are lower: choice down $0.78 ($363.03) and select down $3.22 ($349.90) with a movement of 86 loads (67.88 loads of choice, 14.18 loads of select, zero loads of trim and 4.39 loads of ground beef).Upon seeing the live cattle contracts continue to trade higher, the feeder cattle complex pushed a moderate rally into Thursday's close. This week's rally hasn't only developed throughout the futures complex, but its support has also affected feeder cattle prices, which are trading higher in the countryside once again. The lean hog complex also traded higher as the market continues to see adequate technical support, even though pork cutout values did not trade higher today. At this point, it's likely that the bulk of this week's trade in the cash hog market is essentially done with, although a few more clean-up sales still could develop.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/04144253/web-closing-markets.mp3">Click HERE for audio</a>

Commodity markets daily recap

Burks Tractor, an Idaho-based dealership, filed a lawsuit against Monarch Tractor of California. The suit accuses the California-based startup of a breach of contract and warranty violations after its tractors failed to operate autonomously. The dealership said the ten tractors it bought via interest-bearing financing for almost $800,000 are defective and didn’t live up to the driver-optional, or autonomous, claims of the company. Burks bought the tractors in early 2024 with the intent of being among the California company’s first retail dealers. 

Burks said Monarch misrepresented the tractors as fully autonomous and not limited by location or time. An article in Farm Equipment Magazine said Monarch attempted to make the units work autonomously but failed, eventually admitting to the limitations but refusing to take back the defective inventory. A November 19 letter from Monarch Tractor’s HR Department to 102 employees warned of pending layoffs while changing the business to software licensing.

Burks Tractor, an Idaho-based dealership, filed a lawsuit against Monarch Tractor of California. The suit accuses the California-based startup of a breach of contract and warranty violations after its tractors failed to operate autonomously. The dealership said the ten tractors it bought via interest-bearing financing for almost $800,000 are defective and didn’t live up to the driver-optional, or autonomous, claims of the company. Burks bought the tractors in early 2024 with the intent of being among the California company’s first retail dealers. Burks said Monarch misrepresented the tractors as fully autonomous and not limited by location or time. An article in Farm Equipment Magazine said Monarch attempted to make the units work autonomously but failed, eventually admitting to the limitations but refusing to take back the defective inventory. A November 19 letter from Monarch Tractor’s HR Department to 102 employees warned of pending layoffs while changing the business to software licensing.-NAFB

Farm equipment dealer sues tractor manufacturer

After a tariff war stalled trade for months, reports showed shipments of U.S. crops headed to China are picking up in number. At least six large cargo vessels are scheduled to fill up with soybeans at Gulf Coast terminals through mid-December. A shipping schedule that was seen by Reuters this week said a seventh U.S. soybean cargo was loaded during the previous weekend and is already headed to China, the first shipment since May. 

While the White House announced that China agreed to buy 12 million metric tons of U.S. soybeans by the end of this month, Beijing has yet to confirm any details about potential promises to purchase large volumes of U.S. soybeans. USDA data said Chinese importers booked nearly two million metric tons of U.S. soybeans last month for delivery in the 2025-2026 marketing year that ends in August 2026. U.S. sorghum shipments have also restarted to China.

After a tariff war stalled trade for months, reports showed shipments of U.S. crops headed to China are picking up in number. At least six large cargo vessels are scheduled to fill up with soybeans at Gulf Coast terminals through mid-December. A shipping schedule that was seen by Reuters this week said a seventh U.S. soybean cargo was loaded during the previous weekend and is already headed to China, the first shipment since May. While the White House announced that China agreed to buy 12 million metric tons of U.S. soybeans by the end of this month, Beijing has yet to confirm any details about potential promises to purchase large volumes of U.S. soybeans. USDA data said Chinese importers booked nearly two million metric tons of U.S. soybeans last month for delivery in the 2025-2026 marketing year that ends in August 2026. U.S. sorghum shipments have also restarted to China.-NAFB

More soybean shipments heading to China

March corn closed down 6 1/2 cents and May corn was down 6 3/4 cents. January soybeans closed down 9 cents and March soybeans were down 9 1/2 cents. March KC wheat closed down 3 1/2 cents, March Chicago wheat was down 2 3/4 cents, March Minneapolis wheat was down 4 1/2 cents.

Corn, soybean, and wheat markets fell under technical pressure as the state of post-harvest rallies has entered a period of limbo with traders likely searching for clarity on lingering fundamental questions such as the supply side of the corn balance sheet, as well as the uncertain nature of the demand for U.S. soybeans in China. Prices may remain rangebound but below immediate resistance ahead of the December USDA update due out early next week which may offer insight into some of these areas of concern. Outside markets for Wednesday saw equities trade higher, with the Dow Jones Industrial Average higher now in eight of the past ten sessions and once again closing in on record levels. The U.S. Dollar Index was softer for the seventh time in the past eight business days and remains at the bottom of the monthly range for the Index.

The live cattle complex traded modestly higher into Wednesday's close, thankful to again see stronger boxed beef prices. The market initially opened lower at Wednesday's start, but upon seeing improved fundamentals, traders felt as though there was enough support in the market to justify trading the contracts higher. Still no cash cattle trade has developed, but asking prices are noted in the South at $225, and are still not established in the North. It is assumed that cash prices will be higher this week with the uptick in boxed beef prices and with the board's support. The other factor that could be helping drive the cattle contracts higher is the announcement from Texas Agriculture Commissioner Sid Miller that another detection of New World screwworm (NWS) was found in Montemorelos, Nuevo Leon, Mexico, which is approximately 120 miles south of the Texas border. This development could mean that the border will stay closed longer than assumed.

With the live cattle market's support, the feeder cattle complex traded over $3.00 higher into Wednesday's noon hour. It was rather impressive to note some of the sales made Tuesday afternoon at sale barns across the country as some were trading $20.00 to $30.00 higher, with instances as much as $50.00 higher than the week before. That obviously showed up in the CME feeder cattle index as well, which jumped $12.66 to $332.36. Today's support of the futures contracts should only encourage more buying in sale barns this afternoon.

After enduring a couple days of weaker trade, the lean hog complex was back to trading higher as the market is no longer up against immediate resistance pressure. Helping encourage traders to send the contracts higher is also the fact that pork cutout values are a tick stronger.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/03141153/web-closing-markets.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 6 1/2 cents and May corn was down 6 3/4 cents. January soybeans closed down 9 cents and March soybeans were down 9 1/2 cents. March KC wheat closed down 3 1/2 cents, March Chicago wheat was down 2 3/4 cents, March Minneapolis wheat was down 4 1/2 cents.Corn, soybean, and wheat markets fell under technical pressure as the state of post-harvest rallies has entered a period of limbo with traders likely searching for clarity on lingering fundamental questions such as the supply side of the corn balance sheet, as well as the uncertain nature of the demand for U.S. soybeans in China. Prices may remain rangebound but below immediate resistance ahead of the December USDA update due out early next week which may offer insight into some of these areas of concern. Outside markets for Wednesday saw equities trade higher, with the Dow Jones Industrial Average higher now in eight of the past ten sessions and once again closing in on record levels. The U.S. Dollar Index was softer for the seventh time in the past eight business days and remains at the bottom of the monthly range for the Index.LIVESTOCK:The live cattle complex traded modestly higher into Wednesday's close, thankful to again see stronger boxed beef prices. The market initially opened lower at Wednesday's start, but upon seeing improved fundamentals, traders felt as though there was enough support in the market to justify trading the contracts higher. Still no cash cattle trade has developed, but asking prices are noted in the South at $225, and are still not established in the North. It is assumed that cash prices will be higher this week with the uptick in boxed beef prices and with the board's support. The other factor that could be helping drive the cattle contracts higher is the announcement from Texas Agriculture Commissioner Sid Miller that another detection of New World screwworm (NWS) was found in Montemorelos, Nuevo Leon, Mexico, which is approximately 120 miles south of the Texas border. This development could mean that the border will stay closed longer than assumed.With the live cattle market's support, the feeder cattle complex traded over $3.00 higher into Wednesday's noon hour. It was rather impressive to note some of the sales made Tuesday afternoon at sale barns across the country as some were trading $20.00 to $30.00 higher, with instances as much as $50.00 higher than the week before. That obviously showed up in the CME feeder cattle index as well, which jumped $12.66 to $332.36. Today's support of the futures contracts should only encourage more buying in sale barns this afternoon.After enduring a couple days of weaker trade, the lean hog complex was back to trading higher as the market is no longer up against immediate resistance pressure. Helping encourage traders to send the contracts higher is also the fact that pork cutout values are a tick stronger.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/12/03141153/web-closing-markets.mp3">Click HERE for audio</a>

Farmer sentiment strengthened in November as rising crop prices and improved export prospects pushed the Purdue University/CME Group’s Ag Economy Barometer to 139, the highest level since June. Much of the increase was driven by a sharp 15-point jump in future expectations, even as current conditions held steady. The Future Expectations Index rose 15 points to 144. Financial outlooks improved alongside a 10-15 percent rally in fall-delivery corn and soybean bids, helping offset weaker cattle prices in the livestock sector. 

However, producers remain cautious as capital investment slipped further, and fewer farmers say today is a good time to expand. Long-term farmland value expectations reached a record high, while most corn producers anticipate stable cash rental rates heading into 2026. The survey also showed shifting crop production strategies as growers respond to projected tight operating margins, including lower-cost seed traits, reduced phosphorus applications, and adjustments to seeding and nitrogen rates. 

Farmer sentiment strengthened in November as rising crop prices and improved export prospects pushed the Purdue University/CME Group’s Ag Economy Barometer to 139, the highest level since June. Much of the increase was driven by a sharp 15-point jump in future expectations, even as current conditions held steady. The Future Expectations Index rose 15 points to 144. Financial outlooks improved alongside a 10-15 percent rally in fall-delivery corn and soybean bids, helping offset weaker cattle prices in the livestock sector. However, producers remain cautious as capital investment slipped further, and fewer farmers say today is a good time to expand. Long-term farmland value expectations reached a record high, while most corn producers anticipate stable cash rental rates heading into 2026. The survey also showed shifting crop production strategies as growers respond to projected tight operating margins, including lower-cost seed traits, reduced phosphorus applications, and adjustments to seeding and nitrogen rates. -NAFB

Future outlook drives farmer sentiment higher

The U.S. Grains and BioProducts Council’s 2025-2026 Corn Harvest Quality Report contained some good news about this year’s large corn crop. The 15th annual survey showed that the 2025 U.S. corn crop is projected to be the largest on record at 425.53 million metric tons, or 16,752 bushels. The crop is also highlighted by the lowest rate of broken corn and foreign material (BCFM) in the report’s history, a remarkable accomplishment for the entire corn value chain. 

This year’s crop, on average, is entering the market with characteristics that met or exceeded each grade factor’s numerical requirements for U.S. No. 1 grade corn. The report showed 87 percent of the samples met all grade factor requirements for U.S. No. 1 grade, and 97.8 percent met the grade factor requirements for U.S. No. 2 grade corn. The report is based on 621 yellow corn samples taken from 12 top corn-producing states.  

The U.S. Grains and BioProducts Council’s 2025-2026 Corn Harvest Quality Report contained some good news about this year’s large corn crop. The 15th annual survey showed that the 2025 U.S. corn crop is projected to be the largest on record at 425.53 million metric tons, or 16,752 bushels. The crop is also highlighted by the lowest rate of broken corn and foreign material (BCFM) in the report’s history, a remarkable accomplishment for the entire corn value chain. This year’s crop, on average, is entering the market with characteristics that met or exceeded each grade factor’s numerical requirements for U.S. No. 1 grade corn. The report showed 87 percent of the samples met all grade factor requirements for U.S. No. 1 grade, and 97.8 percent met the grade factor requirements for U.S. No. 2 grade corn. The report is based on 621 yellow corn samples taken from 12 top corn-producing states. -NAFB

Large 2025 U.S. corn crop in excellent condition

A junior at Northwest Missouri State University has received a $500 scholarship named in memory of a Savannah native.

Kiara Schaub, of Savannah, Missouri, is currently studying agronomy with a focus on crop science.&nbsp;She is the daughter of Clint and Shelly Schaub.

The Matthew White Memorial Scholarship is an endowed scholarship awarded to a continuing student at Northwest in an agriculture-related major. 

Information from the university says a scholarship of at least $500 is awarded with preference to graduates of Savannah High School, North Andrew High School in Rosendale and students from Missouri or Iowa.&nbsp;

Matthew White was a student at the university who completed his sophomore year as an agriculture business major when he died in an automobile crash in 2005. White's parents, Steve and Julie, of Savannah, established the scholarship in 2006. Both parents are alumni of Northwest.

<figure>
 <img src="https://media.eaglewebservices.com/public/2025/12/1764781042921.jpeg" alt="KiaraSchaub - courtesy of NWMSU" />
 <figcaption>KiaraSchaub - courtesy of NWMSU</figcaption>
 </figure>By RYAN SKAITHA junior at Northwest Missouri State University has received a $500 scholarship named in memory of a Savannah native.Kiara Schaub, of Savannah, Missouri, is currently studying agronomy with a focus on crop science.&nbsp;She is the daughter of Clint and Shelly Schaub.The Matthew White Memorial Scholarship is an endowed scholarship awarded to a continuing student at Northwest in an agriculture-related major. Information from the university says a scholarship of at least $500 is awarded with preference to graduates of Savannah High School, North Andrew High School in Rosendale and students from Missouri or Iowa.&nbsp;Matthew White was a student at the university who completed his sophomore year as an agriculture business major when he died in an automobile crash in 2005. White's parents, Steve and Julie, of Savannah, established the scholarship in 2006. Both parents are alumni of Northwest.

Northwest Missouri State University student receives scholarship in memory of Savannah native

Four major North American beekeeping organizations released the first-ever&nbsp;<a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.mediaoutreach.meltwater.com%2Fls%2Fclick%3Fupn%3Du001.uz5lr8pI0chmy5RiAKbVZBdtiEabO92IwH4PjGYuo3iEBrMeKsoMncL8xF-2FkA70J7tM30NIWBI1gPmDMpf8fGg-3D-3DbLLV_op3UltOywoDCTS4XADKtXUyHBeSkoIc-2B3QAtI9Yp7LCcJrJT1Bvq5cVjpx37bKtkI4uWgUdoDm-2Fp-2B1v3TR0ZszdTpGurtVlmYjTnjzRbUTD0Sj765SNTin8W85YkR8iUuD9m-2B8LUA4xBWi-2FkDVUXP5dsP7CyVtEXwpqxz7kUabVvWUkFi-2F3OKObzzzG78capBM6D11MpkUSurKhROlGZHqmrnSfS9HsT-2FQ1paMAt2ZqYZUHrr-2Brk2dB9SILJWJr-2BCZmXzEH22-2B97gkvnUZi-2Bf5eA6JsSpUVv2A-2FCOGvjBwSCvGiJ3rUvVZjTGtewItjAKkAdJWteMfhWA9ZbhwSuT27PtaESup5BTKWm4p9wmKgmo51r-2B6jOL7Y7ijVwsN00&amp;data=05%7C02%7Cchad%40nafb.com%7Cdb5ff0c2d4ef4730966f08de3102f0b1%7C0a0f31dbe88545c9b3cd38cd460b6e25%7C1%7C0%7C639002085906345184%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=vwBR3f95SD%2BkQfwRB%2FWYHeusch6nIWmyd91JMo8x5o0%3D&amp;reserved=0">North American Bee Strategy</a>. It’s a coordinated, continent-wide plan to protect honeybees, strengthen the viability of professional beekeeping, and safeguard food security across the U.S. and Canada.

The strategy lays out four priorities, including improving monitoring, treatment, and research on pest diseases. It also strengthens honey authenticity standards and enforcement to curb fraudulent imports. “The strategy was built by beekeepers and for beekeepers,” said Matt Mulica of the Honeybee Health Coalition.

The four organizations include the American Beekeeping Federation, the American Honey Producers Association, the Canadian Beekeepers Federation, and the Canadian Honey Council. Other priorities include supporting applied research, shared research infrastructure, and streamlined scientific collaboration. The goal is to build a more unified and sustainable honey market across national borders. “This strategy will secure the future of beekeeping,” said Dr. Peter Awram of the Canadian Beekeepers Federation.

Four major North American beekeeping organizations released the first-ever&nbsp;<a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Flink.mediaoutreach.meltwater.com%2Fls%2Fclick%3Fupn%3Du001.uz5lr8pI0chmy5RiAKbVZBdtiEabO92IwH4PjGYuo3iEBrMeKsoMncL8xF-2FkA70J7tM30NIWBI1gPmDMpf8fGg-3D-3DbLLV_op3UltOywoDCTS4XADKtXUyHBeSkoIc-2B3QAtI9Yp7LCcJrJT1Bvq5cVjpx37bKtkI4uWgUdoDm-2Fp-2B1v3TR0ZszdTpGurtVlmYjTnjzRbUTD0Sj765SNTin8W85YkR8iUuD9m-2B8LUA4xBWi-2FkDVUXP5dsP7CyVtEXwpqxz7kUabVvWUkFi-2F3OKObzzzG78capBM6D11MpkUSurKhROlGZHqmrnSfS9HsT-2FQ1paMAt2ZqYZUHrr-2Brk2dB9SILJWJr-2BCZmXzEH22-2B97gkvnUZi-2Bf5eA6JsSpUVv2A-2FCOGvjBwSCvGiJ3rUvVZjTGtewItjAKkAdJWteMfhWA9ZbhwSuT27PtaESup5BTKWm4p9wmKgmo51r-2B6jOL7Y7ijVwsN00&amp;data=05%7C02%7Cchad%40nafb.com%7Cdb5ff0c2d4ef4730966f08de3102f0b1%7C0a0f31dbe88545c9b3cd38cd460b6e25%7C1%7C0%7C639002085906345184%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=vwBR3f95SD%2BkQfwRB%2FWYHeusch6nIWmyd91JMo8x5o0%3D&amp;reserved=0">North American Bee Strategy</a>. It’s a coordinated, continent-wide plan to protect honeybees, strengthen the viability of professional beekeeping, and safeguard food security across the U.S. and Canada.The strategy lays out four priorities, including improving monitoring, treatment, and research on pest diseases. It also strengthens honey authenticity standards and enforcement to curb fraudulent imports. “The strategy was built by beekeepers and for beekeepers,” said Matt Mulica of the Honeybee Health Coalition.The four organizations include the American Beekeeping Federation, the American Honey Producers Association, the Canadian Beekeepers Federation, and the Canadian Honey Council. Other priorities include supporting applied research, shared research infrastructure, and streamlined scientific collaboration. The goal is to build a more unified and sustainable honey market across national borders. “This strategy will secure the future of beekeeping,” said Dr. Peter Awram of the Canadian Beekeepers Federation.- NAFB

New Bee Strategy Protects Pollinators and the U.S. Honey Market

Tyson Foods recently announced the shutdown of its beef processing plant in Lexington, Nebraska. The news followed months of losses in its beef division, driven largely by the smallest U.S. cattle herd in decades.

Dr. Derrell Peel, a livestock market economist with Oklahoma State University, told the Radio Oklahoma Network that the move wasn’t entirely unexpected. With an additional slowdown at Tyson’s plant in Amarillo, Texas, Peel said the combination represents a seven to eight thousand head per day loss of packing capacity, which is about 7.5 to nine percent of total U.S. packing capacity.

The southern plains region is also especially tight due to drought-related issues and the impact of the New World Screwworm, which has restricted the flow of Mexican feeder cattle into the U.S. Peel did say that Tyson heavily invested in updating the Amarillo facility, which means the company likely won’t abandon the beef plant long-term.

Tyson Foods recently announced the shutdown of its beef processing plant in Lexington, Nebraska. The news followed months of losses in its beef division, driven largely by the smallest U.S. cattle herd in decades.Dr. Derrell Peel, a livestock market economist with Oklahoma State University, told the Radio Oklahoma Network that the move wasn’t entirely unexpected. With an additional slowdown at Tyson’s plant in Amarillo, Texas, Peel said the combination represents a seven to eight thousand head per day loss of packing capacity, which is about 7.5 to nine percent of total U.S. packing capacity.The southern plains region is also especially tight due to drought-related issues and the impact of the New World Screwworm, which has restricted the flow of Mexican feeder cattle into the U.S. Peel did say that Tyson heavily invested in updating the Amarillo facility, which means the company likely won’t abandon the beef plant long-term.- NAFB

The Impact of Tyson’s Beef Plant Closure

The Trump administration anticipates it will be ready to announce an aid package for American farmers within two-and-a-half weeks, as well as a deal on Chinese soybean purchases. Ag Secretary Brooke Rollins made the announcement this week but didn’t provide further details.

Reuters reported that the administration has said for months it would issue assistance for U.S. farmers ravaged by low crop prices and trade disputes. “We’ll have an announcement probably in the next week or two on what that’s going to look like,” Rollins told CNBC. But AgWeb’s Monthly Monitor found a divided view on the benefits of trade aid.

Economists responding to the Monitor agreed on two things. One is that U.S. agriculture has become too reliant on ad-hoc payments. They say repeated aid packages distort land values, cash rents, equipment purchases, and overall decision-making. Number two is that they all agree that aid payments will keep fertilizer prices high.

The Trump administration anticipates it will be ready to announce an aid package for American farmers within two-and-a-half weeks, as well as a deal on Chinese soybean purchases. Ag Secretary Brooke Rollins made the announcement this week but didn’t provide further details.Reuters reported that the administration has said for months it would issue assistance for U.S. farmers ravaged by low crop prices and trade disputes. “We’ll have an announcement probably in the next week or two on what that’s going to look like,” Rollins told CNBC. But AgWeb’s Monthly Monitor found a divided view on the benefits of trade aid.Economists responding to the Monitor agreed on two things. One is that U.S. agriculture has become too reliant on ad-hoc payments. They say repeated aid packages distort land values, cash rents, equipment purchases, and overall decision-making. Number two is that they all agree that aid payments will keep fertilizer prices high.- NAFB

Rollins: Farm Aid Expected within Weeks

March corn closed down 2 3/4 cents and May corn was down 2 1/2 cents. January soybeans closed down 9 3/4 cents and March soybeans were down 8 cents. March KC wheat closed down 3/4 cents, March Chicago wheat was down 3 1/2 cents, March MIAX Minneapolis wheat was down 2 cents.

Traders returned from the holiday break on Monday not quite ready to commit to the bullish momentum that had been built through the low volume Thanksgiving week. Corn, soybean, and wheat markets remain in areas of technical resistance, and while seasonality leans in favor of the bulls, there are a few fundamental concerns serving to keep a lid on prices, such as historically high corn supplies and a still hazy export demand outlook for soybeans. In outside markets, the U.S. dollar continued to slump back toward recent support near 99 on the index which held for Monday. Energy markets were higher for the most part, with diesel prices catching themselves to close last week and start the new week after falling sharply in the previous six sessions.

Markets closed downward today. The livestock complex was trading mixed into midday Monday, as the market hopes to see fundamental support improve in the cattle complex before traders push the cattle contracts much higher, but the lean hog contracts were trading slightly stronger. New showlists appear to be mixed, higher in Kansas, about steady in Nebraska/Colorado, but lower in Texas.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/10204004/30001.mp3">Click HERE for Audio</a>

GrainsMarch corn closed down 2 3/4 cents and May corn was down 2 1/2 cents. January soybeans closed down 9 3/4 cents and March soybeans were down 8 cents. March KC wheat closed down 3/4 cents, March Chicago wheat was down 3 1/2 cents, March MIAX Minneapolis wheat was down 2 cents.Traders returned from the holiday break on Monday not quite ready to commit to the bullish momentum that had been built through the low volume Thanksgiving week. Corn, soybean, and wheat markets remain in areas of technical resistance, and while seasonality leans in favor of the bulls, there are a few fundamental concerns serving to keep a lid on prices, such as historically high corn supplies and a still hazy export demand outlook for soybeans. In outside markets, the U.S. dollar continued to slump back toward recent support near 99 on the index which held for Monday. Energy markets were higher for the most part, with diesel prices catching themselves to close last week and start the new week after falling sharply in the previous six sessions.LivestockMarkets closed downward today. The livestock complex was trading mixed into midday Monday, as the market hopes to see fundamental support improve in the cattle complex before traders push the cattle contracts much higher, but the lean hog contracts were trading slightly stronger. New showlists appear to be mixed, higher in Kansas, about steady in Nebraska/Colorado, but lower in Texas.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/10204004/30001.mp3">Click HERE for Audio</a>

USDA’s Chief Economist Seth Meyer will join the University of Missouri on January 1, 2026, to lead the internationally recognized Food and Agricultural Policy Research Institute. Pat Westhoff, who’s held the position since 2011, is retiring on March 1, 2026. Meyer has held various roles with USDA’s Office of the Chief Economist and FAPRI over the years, including as the assistant director of FAPRI, before rejoining USDA in 2021 to serve as the chief economist. 

“This is a great opportunity to continue to provide solid agricultural policy development in support of the agricultural sector, cooperate with other faculty members, and return home to Missouri,” Meyer said. “I look forward to the opportunity to do more in-depth analysis and research.” The Institute provides objective analysis of agricultural markets and policies for audiences like Congress, USDA commodity groups, and international governments. Meyer received a PhD in Ag Economics from the University of Missouri.

USDA’s Chief Economist Seth Meyer will join the University of Missouri on January 1, 2026, to lead the internationally recognized Food and Agricultural Policy Research Institute. Pat Westhoff, who’s held the position since 2011, is retiring on March 1, 2026. Meyer has held various roles with USDA’s Office of the Chief Economist and FAPRI over the years, including as the assistant director of FAPRI, before rejoining USDA in 2021 to serve as the chief economist. “This is a great opportunity to continue to provide solid agricultural policy development in support of the agricultural sector, cooperate with other faculty members, and return home to Missouri,” Meyer said. “I look forward to the opportunity to do more in-depth analysis and research.” The Institute provides objective analysis of agricultural markets and policies for audiences like Congress, USDA commodity groups, and international governments. Meyer received a PhD in Ag Economics from the University of Missouri.-NAFB

Myer to Lead FAPRI at the University of Missouri

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. 

The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.-NAFB

More Bird Flu Ahead of the Holiday Season

More than 270 leaders from across the dairy value chain gathered on November 18 for the 2025 Dairy Sustainability Alliance Fall Meeting and sent a clear message: progress happens faster when the community moves forward together. The opening session highlighted the 2023-2024&nbsp;<a href="https://www.usdairy.com/research-resources/2023-2024-us-dairy-sustainability-report">U.S. Dairy Sustainability Report</a>, which tracks industry-wide performance across three priority areas: Advance Well-Being, Regenerate the Environment, and Care for our Animals and Communities. It includes the industry’s first five-year update toward its 2050 Environmental Stewardship Goals, providing a clear view of how the industry is turning commitments into measurable impact.

“This report reinforces the credibility of dairy’s sustainability leadership,” said Lori Captain, group executive vice president of sustainability strategy, science, and industry relations at Dairy Management, Inc. “It brings forward the science, transparency, and results that matter to our customers, and it reflects the steady progress happening every day on farms and across the value chain.”&nbsp;

More than 270 leaders from across the dairy value chain gathered on November 18 for the 2025 Dairy Sustainability Alliance Fall Meeting and sent a clear message: progress happens faster when the community moves forward together. The opening session highlighted the 2023-2024&nbsp;<a href="https://www.usdairy.com/research-resources/2023-2024-us-dairy-sustainability-report">U.S. Dairy Sustainability Report</a>, which tracks industry-wide performance across three priority areas: Advance Well-Being, Regenerate the Environment, and Care for our Animals and Communities. It includes the industry’s first five-year update toward its 2050 Environmental Stewardship Goals, providing a clear view of how the industry is turning commitments into measurable impact. “This report reinforces the credibility of dairy’s sustainability leadership,” said Lori Captain, group executive vice president of sustainability strategy, science, and industry relations at Dairy Management, Inc. “It brings forward the science, transparency, and results that matter to our customers, and it reflects the steady progress happening every day on farms and across the value chain.”&nbsp;-NAFB

Dairy Industry Leaders Share Progress and Priorities

Corn futures were higher Friday. Soybean futures were also higher; wheat futures were mixed at best on the session. The U.S. stock market was firmer, with the S&amp;P higher. The U.S. Dollar Index was slightly lower. The interest rate products were flat. Energy trade was firmer with crude oil and natural gas both trading higher. Precious metals were firmer with gold up 37.00.

The live cattle complex was still sporting a fruitful rally into Friday's close, as traders seem to be again believing in the market's bullish long-term fundamentals despite plenty of volatility over the last month. There was some light cash cattle trade reported in the South at $220, which is roughly $5.00 higher than the business that developed earlier in the week, but still $2.00 to $4.00 lower than last week's weighted average. No new dressed cattle trade has developed at this point. Earlier in the week, Northern dressed cattle were trading at mostly $330, which is $13.00 lower than last week's weighted average. Boxed beef prices are lower: choice down $1.39 ($366.89) and select down $5.13 ($350.38) with a movement of 60 loads (46.58 loads of choice, 2.89 loads of select, 5.35 loads of trim and 4.79 loads of ground beef).

The feeder cattle contracts saw the biggest day of gains as some of the contracts were up their daily trading limit, up $9.25. Helping spur this positive momentum was the interview shared with Agriculture Secretary Brooke Rollins, where she discussed several important issues, such as the border. The main points she stated about the border's reopening (when it does happen) are that not all of the ports will reopen at once, and that it will be a slow and methodical process, and the market will not see a million imported cattle show up overnight, which was a major relief to hear.

The lean hog complex traded along both sides of steady as the market looks for continued reassurance following Wednesday's dramatic rally. There's been very little interest this week in the cash hog market, but pork cutout values are again up slightly.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/28124311/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:Corn futures were higher Friday. Soybean futures were also higher; wheat futures were mixed at best on the session. The U.S. stock market was firmer, with the S&amp;P higher. The U.S. Dollar Index was slightly lower. The interest rate products were flat. Energy trade was firmer with crude oil and natural gas both trading higher. Precious metals were firmer with gold up 37.00.LIVESTOCK:The live cattle complex was still sporting a fruitful rally into Friday's close, as traders seem to be again believing in the market's bullish long-term fundamentals despite plenty of volatility over the last month. There was some light cash cattle trade reported in the South at $220, which is roughly $5.00 higher than the business that developed earlier in the week, but still $2.00 to $4.00 lower than last week's weighted average. No new dressed cattle trade has developed at this point. Earlier in the week, Northern dressed cattle were trading at mostly $330, which is $13.00 lower than last week's weighted average. Boxed beef prices are lower: choice down $1.39 ($366.89) and select down $5.13 ($350.38) with a movement of 60 loads (46.58 loads of choice, 2.89 loads of select, 5.35 loads of trim and 4.79 loads of ground beef).The feeder cattle contracts saw the biggest day of gains as some of the contracts were up their daily trading limit, up $9.25. Helping spur this positive momentum was the interview shared with Agriculture Secretary Brooke Rollins, where she discussed several important issues, such as the border. The main points she stated about the border's reopening (when it does happen) are that not all of the ports will reopen at once, and that it will be a slow and methodical process, and the market will not see a million imported cattle show up overnight, which was a major relief to hear.The lean hog complex traded along both sides of steady as the market looks for continued reassurance following Wednesday's dramatic rally. There's been very little interest this week in the cash hog market, but pork cutout values are again up slightly.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/28124311/web-closing-markets-2.mp3">Click HERE for audio</a>

As the holidays are here, bird flu is once again infecting commercial and backyard poultry flocks. Civil Eats reports that the flu has infected and killed more than 8.9 million turkeys, chickens, and ducks in the U.S. since September. The report said consumers are unlikely to feel a price squeeze during the holidays. For example, a 50-state survey from the American Farm Bureau found retail prices for frozen turkeys were down by 16 percent compared to last year. That’s even though wholesale prices are up 40 percent, with retailers often selling turkeys as loss-leaders. The USDA’s Animal and Plant Health Inspection Service reports that 93 flocks have been tested and confirmed with HPAI infection. That includes 43 commercial flocks, 50 backyard flocks, and has affected 1.67 million birds across all the infected premises. Reuters reported that the risk of infection in the public remains low.-NAFB

More bird flu ahead of the holiday season

Ag Secretary Brooke Rollins said her agency intends to purchase up to $30 million in fresh fruit from American farmers and producers to distribute to food banks and nutrition assistance programs across the country. These purchases are being made through Section 32 of the Agriculture Act of 1935 and will assist producers and communities in need. “Certain commodities are experiencing a surplus, and USDA is ensuring these crops do not go to waste and instead go to Americans in need across the country,” Rollins said. “These fresh fruits will reach those in need, boosting healthier options for Americans at food banks across the country, all while benefiting American farmers facing unfair actions from foreign competitors.”

 The USDA’s Agricultural Marketing Service will purchase $15 million in fresh oranges, $10 million in grapefruit, and $5 million worth of mandarins. The AMS purchases a variety of domestically-produced agricultural products on an ongoing basis.&nbsp;

Ag Secretary Brooke Rollins said her agency intends to purchase up to $30 million in fresh fruit from American farmers and producers to distribute to food banks and nutrition assistance programs across the country. These purchases are being made through Section 32 of the Agriculture Act of 1935 and will assist producers and communities in need. “Certain commodities are experiencing a surplus, and USDA is ensuring these crops do not go to waste and instead go to Americans in need across the country,” Rollins said. “These fresh fruits will reach those in need, boosting healthier options for Americans at food banks across the country, all while benefiting American farmers facing unfair actions from foreign competitors.” The USDA’s Agricultural Marketing Service will purchase $15 million in fresh oranges, $10 million in grapefruit, and $5 million worth of mandarins. The AMS purchases a variety of domestically-produced agricultural products on an ongoing basis.&nbsp;-NAFB

USDA announces $30 million food purchase

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

Row-crop futures posted respectable gains in a breakout session from what had been a narrow range for prices through the holiday week. Seasonality is certainly on the side of the bulls for now as traders also are anticipating U.S. production estimates will fall again from November figures when USDA revisits the supply side of the balance sheet in January. Meanwhile, strong demand ideas are working to keep a floor under prices as well. Outside markets for Wednesday saw firmer equities as indices are heading toward a retracement of last week's AI bubble fear induced selloff. Energy prices were mixed with crude oil futures higher but among 2025 lows, and diesel prices continuing to fall sharply from last week's highs.

Wednesday's rally in the live cattle complex could be in part due to the interview that Lonesome Lands shared with Agriculture Secretary Brooke Rollins. A couple of major points were discussed in the interview: Rollins stated that when the U.S.-Mexico border reopens, not all ports will reopen at once and that "you will not see 1 million head of cattle show up overnight, it's going to be a slow and gradual process." Rollins also stated the port in Arizona is likely to reopen first as it's furthest away from any detected New World screwworm. Rollins also stated there's not an ag industry that she's more bullish about than cattle. No new cash cattle trade has been reported, but bids are on the table in Kansas at $215. On Tuesday, some trade developed in the North at $330, which is $15.00 lower than last week's weighted average. Although there have not been many cattle traded in the South, a handful of deals were marked at $215, which is $7.00 to $9.00 lower than last week's weighted average. Boxed beef prices are mixed: choice down $1.45 ($368.64) and select up $2.55 ($358.48) with a movement of 115 loads (76.90 loads of choice, 10.97 loads of select, 12.76 loads of trim and 14.74 loads of ground beef).

The feeder cattle complex also traded notably higher (mostly $7.00 to $8.00 higher) as the market is pleased to hear positive news from Ag Secretary Brooke Rollins. So long as the live cattle contracts continue to trade higher through Wednesday's close, it's likely feeder cattle contracts will as well.

The lean hog complex also traded higher as the market is pleased to note a slight bump in pork demand and is likely receiving a little extra spill-over support from the cattle complex. Packers have made it bluntly clear that they don't need many hogs this week.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/26140616/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 7 cents and May corn was up 6 1/4 cents. January soybeans closed up 6 3/4 cents and March soybeans were up 6 cents. March KC wheat closed up 1 3/4 cents, March Chicago wheat was up 1 1/4 cents, March Minneapolis wheat was down 2 1/4 cents.Row-crop futures posted respectable gains in a breakout session from what had been a narrow range for prices through the holiday week. Seasonality is certainly on the side of the bulls for now as traders also are anticipating U.S. production estimates will fall again from November figures when USDA revisits the supply side of the balance sheet in January. Meanwhile, strong demand ideas are working to keep a floor under prices as well. Outside markets for Wednesday saw firmer equities as indices are heading toward a retracement of last week's AI bubble fear induced selloff. Energy prices were mixed with crude oil futures higher but among 2025 lows, and diesel prices continuing to fall sharply from last week's highs.LIVESTOCK:Wednesday's rally in the live cattle complex could be in part due to the interview that Lonesome Lands shared with Agriculture Secretary Brooke Rollins. A couple of major points were discussed in the interview: Rollins stated that when the U.S.-Mexico border reopens, not all ports will reopen at once and that "you will not see 1 million head of cattle show up overnight, it's going to be a slow and gradual process." Rollins also stated the port in Arizona is likely to reopen first as it's furthest away from any detected New World screwworm. Rollins also stated there's not an ag industry that she's more bullish about than cattle. No new cash cattle trade has been reported, but bids are on the table in Kansas at $215. On Tuesday, some trade developed in the North at $330, which is $15.00 lower than last week's weighted average. Although there have not been many cattle traded in the South, a handful of deals were marked at $215, which is $7.00 to $9.00 lower than last week's weighted average. Boxed beef prices are mixed: choice down $1.45 ($368.64) and select up $2.55 ($358.48) with a movement of 115 loads (76.90 loads of choice, 10.97 loads of select, 12.76 loads of trim and 14.74 loads of ground beef).The feeder cattle complex also traded notably higher (mostly $7.00 to $8.00 higher) as the market is pleased to hear positive news from Ag Secretary Brooke Rollins. So long as the live cattle contracts continue to trade higher through Wednesday's close, it's likely feeder cattle contracts will as well.The lean hog complex also traded higher as the market is pleased to note a slight bump in pork demand and is likely receiving a little extra spill-over support from the cattle complex. Packers have made it bluntly clear that they don't need many hogs this week.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/26140616/web-closing-markets-2.mp3">Click HERE for audio</a>

Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21 million tons inspected during the previous week. That’s also well below the 2.12 million tons assessed during the same week last year. 

Examinations of corn for overseas delivery dropped to 1.63 million metric tons, down from 2.97 million tons the previous week, but up from 1.01 million tons at the same point during the prior year. Wheat inspections rose to 474,530 metric tons, up from 246,533 tons the previous week and the 366,000 tons a year earlier. Since the marketing year began, the government has inspected 17.5 million metric tons of corn, and soybean assessments are at 10.9 million metric tons. Marketing-year wheat inspections reached 10.7 million tons.

Data from the USDA said that inspections of soybeans and corn for offshore delivery declined week to week, while wheat assessments increased during the week ending on November 20. Soybean inspections were reported at almost 800,000 metric tons, down from the 1.21 million tons inspected during the previous week. That’s also well below the 2.12 million tons assessed during the same week last year. Examinations of corn for overseas delivery dropped to 1.63 million metric tons, down from 2.97 million tons the previous week, but up from 1.01 million tons at the same point during the prior year. Wheat inspections rose to 474,530 metric tons, up from 246,533 tons the previous week and the 366,000 tons a year earlier. Since the marketing year began, the government has inspected 17.5 million metric tons of corn, and soybean assessments are at 10.9 million metric tons. Marketing-year wheat inspections reached 10.7 million tons.-NAFB

Weekly exports of soybeans and corn decline

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture and energy. The region’s overall reading was 34.6 in October, the lowest level since May 2020. That’s down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the ten-state region,” said Ernie Goss of Creighton University. “While tariffs are producing higher economic volatility, 72 percent of bank CEOs say President Trump’s approach toward Chinese trade is ‘about right.’” 

For the 17th time in the past 18 months, farmland prices slumped below growth-neutral. The region’s farmland price index dropped to 37.0 from 45.8 in September. Farm loan delinquency rates rose from a very low 1.1 percent in June of this year to 1.6 percent this month. 

For the eighth time this year, the overall Rural Mainstreet Index sank below a growth-neutral score of 50.0. That’s according to the monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture and energy. The region’s overall reading was 34.6 in October, the lowest level since May 2020. That’s down from 38.5 in September. “Weak agriculture commodity prices for grain producers continue to dampen economic activity in the ten-state region,” said Ernie Goss of Creighton University. “While tariffs are producing higher economic volatility, 72 percent of bank CEOs say President Trump’s approach toward Chinese trade is ‘about right.’” For the 17th time in the past 18 months, farmland prices slumped below growth-neutral. The region’s farmland price index dropped to 37.0 from 45.8 in September. Farm loan delinquency rates rose from a very low 1.1 percent in June of this year to 1.6 percent this month. -NAFB

Rural Mainstreet Index stays below growth neutral

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

As expected for Thanksgiving week, grain and oilseed markets have been very quiet and more or less directionless thus far, struggling to gain breakout momentum in either direction with many traders likely on the sidelines and taking an extended holiday break from the action. The trade, albeit thin, does exhibit the characteristic of at least a short-term bottom in accordance to technical guidelines. Outside markets for Tuesday were mixed with higher equities, but weaker energy markets with crude oil futures working their way back toward 2025 lows.

It was technically a mixed session, but mostly lower morning for the live cattle complex. Although most of the deferred contracts were traded higher, spot and nearby contracts are trading slightly lower. There's even been some trade already in the fed cash cattle market. There was light movement of dressed trade this morning in Nebraska, where cattle are trading anywhere from $325 to $330, but mostly at $330, which is a $15.00 decline from last week's weighted average. Still no trade has developed yet in the South, and asking prices are still not known in that region. Delivery dates for the cattle that have traded have been set for mostly the week of Dec. 1 and Dec. 8. Boxed beef prices are higher: choice up $1.56 ($372.05) and select up $3.46 ($358.97) with a movement of 74 loads (55.78 loads of choice, 8.21 loads of select, 4.08 loads of trim and 5.76 loads of ground beef).

The feeder cattle complex traded higher following Monday's sharp decline. Traders seem to be recovering some position that was lost on Monday, but it's more a technical reaction than a decision being made because more confidence has truly been established in the marketplace.

The lean hog contracts continued to trade slightly higher as the market crosses its fingers that the uncertainty in the cattle sector could be gained opportunity for the hog complex. The market still hasn't gained a strong fundamental foothold, as pork cutout values are lower.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/25142053/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 1/4 cent and March corn was up 1 1/2 cents. January soybeans closed up 1 1/2 cents and March soybeans were up 2 3/4 cents. March KC wheat closed up 5 3/4 cents, March Chicago wheat was up 4 1/2 cents, March Minneapolis wheat was up 4 3/4 cents.As expected for Thanksgiving week, grain and oilseed markets have been very quiet and more or less directionless thus far, struggling to gain breakout momentum in either direction with many traders likely on the sidelines and taking an extended holiday break from the action. The trade, albeit thin, does exhibit the characteristic of at least a short-term bottom in accordance to technical guidelines. Outside markets for Tuesday were mixed with higher equities, but weaker energy markets with crude oil futures working their way back toward 2025 lows.LIVESTOCK:It was technically a mixed session, but mostly lower morning for the live cattle complex. Although most of the deferred contracts were traded higher, spot and nearby contracts are trading slightly lower. There's even been some trade already in the fed cash cattle market. There was light movement of dressed trade this morning in Nebraska, where cattle are trading anywhere from $325 to $330, but mostly at $330, which is a $15.00 decline from last week's weighted average. Still no trade has developed yet in the South, and asking prices are still not known in that region. Delivery dates for the cattle that have traded have been set for mostly the week of Dec. 1 and Dec. 8. Boxed beef prices are higher: choice up $1.56 ($372.05) and select up $3.46 ($358.97) with a movement of 74 loads (55.78 loads of choice, 8.21 loads of select, 4.08 loads of trim and 5.76 loads of ground beef).The feeder cattle complex traded higher following Monday's sharp decline. Traders seem to be recovering some position that was lost on Monday, but it's more a technical reaction than a decision being made because more confidence has truly been established in the marketplace.The lean hog contracts continued to trade slightly higher as the market crosses its fingers that the uncertainty in the cattle sector could be gained opportunity for the hog complex. The market still hasn't gained a strong fundamental foothold, as pork cutout values are lower.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/25142053/web-closing-markets-2.mp3">Click HERE for audio</a>

Last week, the American Carbon Alliance submitted a formal letter of support for the bipartisan SPEED Act — legislation designed to bring long-overdue clarity, accountability, and timeliness to federal environmental reviews. The bill establishes firm review deadlines, streamlines agency coordination, and prevents the kind of regulatory delay that regularly stalls energy, carbon-capture, biofuels, and rural-infrastructure projects. 

For ethanol producers, rural communities, and carbon capture developers, predictable permitting isn’t a luxury — it’s essential. Investments stall when timelines slip, and rural economies lose opportunities when critical infrastructure gets caught in bureaucratic gridlock. The SPEED Act is a major step toward ensuring the U.S. can actually build the projects needed for lower emissions, stronger energy security, and new economic growth across the Midwest. As of Friday morning, the SPEED Act passed committee markup with a bipartisan vote. 

Last week, the American Carbon Alliance submitted a formal letter of support for the bipartisan SPEED Act — legislation designed to bring long-overdue clarity, accountability, and timeliness to federal environmental reviews. The bill establishes firm review deadlines, streamlines agency coordination, and prevents the kind of regulatory delay that regularly stalls energy, carbon-capture, biofuels, and rural-infrastructure projects. For ethanol producers, rural communities, and carbon capture developers, predictable permitting isn’t a luxury — it’s essential. Investments stall when timelines slip, and rural economies lose opportunities when critical infrastructure gets caught in bureaucratic gridlock. The SPEED Act is a major step toward ensuring the U.S. can actually build the projects needed for lower emissions, stronger energy security, and new economic growth across the Midwest. As of Friday morning, the SPEED Act passed committee markup with a bipartisan vote. -NAFB

ACA supports the SPEED Act to deliver real permitting reform

A new report released this week reveals that severe agricultural labor shortages are accelerating the financial strain facing America’s family farms and contributing to rising prices for traditional Thanksgiving foods. According to the findings, farms across the country are struggling to secure the skilled, reliable workforce needed to harvest crops, care for livestock, and maintain year-round operations. 

As labor shortages worsen, growers are facing higher production costs, reduced yields, and in some cases, the difficult decision to scale back or abandon crops altogether. The result of these significant disruptions: domestic food production instability and higher prices for U.S. consumers. The report calls for urgent policy action to modernize the agricultural workforce system and protect the long-term viability of U.S. food producers. Without meaningful reform, consumers will face continued price increases and local farming communities will bear deepening economic consequences.

By: NATHAN STUEDLEA new report released this week reveals that severe agricultural labor shortages are accelerating the financial strain facing America’s family farms and contributing to rising prices for traditional Thanksgiving foods. According to the findings, farms across the country are struggling to secure the skilled, reliable workforce needed to harvest crops, care for livestock, and maintain year-round operations. As labor shortages worsen, growers are facing higher production costs, reduced yields, and in some cases, the difficult decision to scale back or abandon crops altogether. The result of these significant disruptions: domestic food production instability and higher prices for U.S. consumers. The report calls for urgent policy action to modernize the agricultural workforce system and protect the long-term viability of U.S. food producers. Without meaningful reform, consumers will face continued price increases and local farming communities will bear deepening economic consequences.

Higher holiday food prices and crisis for American family farms

Missouri Gov. Mike
Kehoe has appointed Andrea Fischer of St. Joseph to the Missouri Veterinary
Medical Board.

Fischer is a
senior therapeutic specialist for Gilead Sciences. Fischer previously worked as
an executive oncology account specialist for AstraZeneca.

Fischer is a
member of several organizations, including the Missouri Cattlemen's Association
and the American Simmental Association. Fischer earned her bachelor's degree in
animal science from the University of Missouri–Columbia.

You can follow&nbsp;Brent on X @GBrentKFEQ

By BRENT MARTINSt. Joseph PostMissouri Gov. Mike
Kehoe has appointed Andrea Fischer of St. Joseph to the Missouri Veterinary
Medical Board.Fischer is a
senior therapeutic specialist for Gilead Sciences. Fischer previously worked as
an executive oncology account specialist for AstraZeneca.Fischer is a
member of several organizations, including the Missouri Cattlemen's Association
and the American Simmental Association. Fischer earned her bachelor's degree in
animal science from the University of Missouri–Columbia.You can follow&nbsp;Brent on X @GBrentKFEQ

Gov. Kehoe appoints Fischer to Missouri Veterinary Medical Board

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

Grains and oilseed markets began what should be a fairly low volume week around a holiday break on Thursday and a shortened session for Friday as well. Prices hovered on both sides of even for Monday, with contracts managing to recover from daily lows by the close but with a lack of bullish momentum capping upside potential as well. Outside markets were mixed influence on agriculture markets for Monday, with a firmer U.S. dollar which continues to challenge long-term resistance among the highest level since May. Stock indices were higher, while energy markets were mixed. Crude oil futures moved higher but diesel prices continue to crash back to earth after trading among 2025 highs last week as talks of a peace plan for the Russian-Ukraine war have gained momentum over the past week.

It's was a painstaking day for the live cattle complex -- there's no other way to put it. Following Tyson Food's announcement on Friday that they're closing their plant in Lexington, Nebraska, and going to reduce their throughput in Amarillo, Texas, to only a single shift per day -- the market has taken the news poorly. Having sufficient shackle space is a big concern for grassroot producers and the thought of losing availability is rather concerning. Last week, Northern dressed cattle were marked at mostly $345, $6 lower than the prior week's weighted average basis Nebraska. Southern live deals were marked at $222 to $224, $4 to $6 lower than the previous week's weighted average.

The feeder cattle complex dropped $9.25 (its daily trading limit) right from the day's get-go as traders fully believed that the only direction that the market could go on Monday was lower. It's unlikely that the market finds any significant support ahead of the day's close.

But adversely, the lean hog complex was trading higher into Monday's closing bell, as the market sees the chaos in the cattle sector as potentially room for increased demand in the hog sector. Pork cutout values are up slightly this morning too, but more than anything, traders seem to be finding some technical footing in the market.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/24135900/web-closing-markets-2.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:December corn closed down 1 3/4 cents and March corn was down 3/4 cents. January soybeans closed down 1 3/4 cents and March soybeans were down 2 1/4 cents. March KC wheat closed down 3 3/4 cents, March Chicago wheat was down 5 cents, March Minneapolis wheat was up 3/4 cents.Grains and oilseed markets began what should be a fairly low volume week around a holiday break on Thursday and a shortened session for Friday as well. Prices hovered on both sides of even for Monday, with contracts managing to recover from daily lows by the close but with a lack of bullish momentum capping upside potential as well. Outside markets were mixed influence on agriculture markets for Monday, with a firmer U.S. dollar which continues to challenge long-term resistance among the highest level since May. Stock indices were higher, while energy markets were mixed. Crude oil futures moved higher but diesel prices continue to crash back to earth after trading among 2025 highs last week as talks of a peace plan for the Russian-Ukraine war have gained momentum over the past week.LIVESTOCK:It's was a painstaking day for the live cattle complex -- there's no other way to put it. Following Tyson Food's announcement on Friday that they're closing their plant in Lexington, Nebraska, and going to reduce their throughput in Amarillo, Texas, to only a single shift per day -- the market has taken the news poorly. Having sufficient shackle space is a big concern for grassroot producers and the thought of losing availability is rather concerning. Last week, Northern dressed cattle were marked at mostly $345, $6 lower than the prior week's weighted average basis Nebraska. Southern live deals were marked at $222 to $224, $4 to $6 lower than the previous week's weighted average.The feeder cattle complex dropped $9.25 (its daily trading limit) right from the day's get-go as traders fully believed that the only direction that the market could go on Monday was lower. It's unlikely that the market finds any significant support ahead of the day's close.But adversely, the lean hog complex was trading higher into Monday's closing bell, as the market sees the chaos in the cattle sector as potentially room for increased demand in the hog sector. Pork cutout values are up slightly this morning too, but more than anything, traders seem to be finding some technical footing in the market.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2025/11/24135900/web-closing-markets-2.mp3">Click HERE for audio</a>