By: NATHAN STUEDLE
GRAIN MARKET SUMMARY
Grain futures finished broadly higher Tuesday, with soybeans providing the biggest move as the market pushed through the 13-dollar mark.
November soybeans jumped 29¾ cents to $13.17¾ after trading as high as $13.20. USDA also announced another 136,000 metric tons of U.S. soybean sales to China for the 2026-27 marketing year, adding support to the rally.
Corn was higher as well. December gained 8¼ cents to $5.46, while March added 8 cents to $5.60¼. The corn market continues to build on its recent rally as traders question whether final U.S. yields will live up to USDA's current expectations.
Wheat joined the advance. December Chicago wheat gained 8½ cents to $7.82½, while December Kansas City wheat added 7¼ cents to $8.45¼.
Soybean meal was also stronger, with December meal gaining $7.30 to $352.60 per ton.
So Tuesday brought another strong day across the grain complex, led by a nearly 30-cent soybean rally, with corn, wheat and meal all finishing solidly higher.
LIVESTOCK MARKET SUMMARY
Livestock futures were mostly lower Tuesday, with cattle and feeder cattle giving back Monday's gains while lean hogs finished narrowly mixed.
October live cattle dropped 60 cents to $212.07. December lost $1.20 to $213.37, while February cattle were down $1.55 at $214.92.
Feeder cattle saw considerably more pressure. September feeders dropped $1.10 to $320.35, October lost $1.62 to $315.40, and November was down $1.90 at $308.52. Higher corn prices added another headwind for the feeder market, while the cattle complex continues to deal with uncertainty surrounding beef imports and government policy.
Lean hogs were much quieter. October slipped 2 cents to $83.65 and December lost 15 cents to $74.00. Deferred summer contracts managed modest gains, generally around 10 to 25 cents.
So the livestock story Tuesday was renewed weakness in cattle, heavier losses in feeders, and a relatively quiet session for lean hogs. Early trade had already shown pressure in both live and feeder cattle before losses expanded later in the session.