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The Latest Breaking News from USDA

Soybeans Fall Back on Wednesday as Trade Await More Chinese Business

Soybeans fell back by 9 to 10 cents in the front months on Wednesday. The cmdtyView national average Cash Bean price was 8 3/4 cents lower at $10.45. Soymeal futures were down 20 cents to $1.70, with Soy Oil futures 89 to 101 points lower. There were 3 deliveries issued...

Barchart

Hogs Post Wednesday Strength

Lean hog futures closed with gains of 5 to 90 cents on Wednesday. USDA’s national base hog price was reported at $72.09 on Wednesday afternoon, up 76 cents from the day prior. The CME Lean Hog Index was down another 6 cents on December 1 at $81.61. USDA’s pork carcass...

Barchart

Stronger India Sugar Output Undercuts Prices

March NY world sugar #11 (SBH26 ) on Wednesday closed down -0.05 (-0.33%), and March London ICE white sugar #5 (SWH26 ) closed down -3.20 (-0.75%). Sugar prices fell on Wednesday amid expectations of larger sugar supplies from India. On Monday, sugar prices fell sharply to 1-week lows amid India's...

Barchart

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Sugar Prices Pressured by the Outlook for Bigger Supplies from India

March NY world sugar #11 (SBH26 ) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26 ) is down -2.90 (-0.68%). Sugar prices are moving lower today amid an outlook for larger sugar supplies from India. On Monday, sugar prices fell sharply to 1-week lows amid...

Barchart

Soybeans Heading Lower at Midday

Soybeans are slipping back at midday, with losses of 4 to 6 cents. The cmdtyView national average Cash Bean price was 4 1/2 cents lower at $10.49 1/2. Soymeal futures are up 20 cents to $1.30, with Soy Oil futures 75 points higher. There were 3 deliveries issued against December...

Barchart

Hogs Posting Midweek Strength

Lean hog futures are up 25 cents to $1 so far on Wednesday. USDA’s national base hog price was reported at $69.01 on Wednesday morning, down $1.05 from the day prior. The CME Lean Hog Index was down another 6 cents on December 1 at $81.61. CFTC data from Tuesday...

Barchart

Cattle Pushing Gains to Wednesday

Live cattle futures are up $1.50 to $2 so far on Wednesday. Cash trade has yet to take place this week. The Wednesday Fed Cattle Exchange online auction showed no sales on the 1,508 head offered, with bids of $217.5-220 live and $325-326 in the beef. Feeder cattle futures are...

Barchart

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Rollins says USDA will withhold food stamp funds from blue states - Roll Call

The USDA requested states in February to turn over data about benefit recipients under the Supplemental Nutrition Assistance Program.

Roll Call

Cattle Traders Look to Midweek Action

Live cattle futures were up $4.25 to $4.90 to close out the Tuesday session. Open interest was down just 860 contracts on Tuesday. Cash trade has yet to take place this week. Last week was $220 in the South, with some northern trade at $208-210. Feeder cattle futures rallied on...

Barchart

Hogs Look to Wednesday Trade

Lean hog futures closed mixed, with December up 27 cents and other contracts down 12 to 50 cents. Open interest was up 1,114 contracts on Tuesday. USDA’s national base hog price was reported at $71.33 on Tuesday afternoon, down 35 cents from the day prior. The CME Lean Hog Index...

Barchart

Trump Administration To Halt SNAP Benefits In Democrat States For 'Hiding' Immigration Information: 'No Data, No Money'

The Trump administration is set to suspend aid for states run by Democrats that do not disclose identifying information about Supplemental Nutrition Assistance Program (SNAP) beneficiaries, including their immigration status.

Benzinga

Trump Admin Threatens to Starve Citizens By Cutting Food Stamp Funding in Democratic States Over Data Dispute

USDA is requesting states to submit data on food-stamp recipients, but several have not done so, raising the possibility that SNAP funding could be disrupted.

International Business Times

Hogs Close on a Mixed Note on Tuesday

Lean hog futures closed mixed, with December up 27 cents and other contracts down 12 to 50 cents. USDA’s national base hog price was reported at $71.33 on Tuesday afternoon, down 35 cents from the day prior. The CME Lean Hog Index was down another 25 cents on November 28...

Barchart

Cattle Rally Higher on Tuesday

Live cattle futures were up $4.25 to $4.90 to close out the Tuesday session. Cash trade has yet to take place this week. Last week was $220 in the South, with some northern trade at $208-210. Feeder cattle futures rallied on Tuesday with gains of $8.40 to $8.80 in the...

Barchart

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The Guardian - US

Trump officials threaten to withhold Snap funds from Democratic-led states

Agriculture secretary Brooke Rollins threatens to pull funds unless states turn over recipient data to US government

Axios

Another SNAP disruption looms unless states give Trump their immigration data

The Trump administration says noncompliance could halt food aid transfers.

Barchart

Projections of Smaller EU Sugar Acreage Boosts Sugar Prices

March NY world sugar #11 (SBH26 ) on Tuesday closed up +0.22 (+1.49%), and March London ICE white sugar #5 (SWH26 ) closed up +8.30 (+1.97%). Sugar prices rose on Tuesday amid bullish news from the European Union. European sugar producers are expected to cut sugar acreage by 10% for...

Barchart

Cattle Rallying on Tuesday

Live cattle futures are up $3.97 to $4.60 so far on Tuesday. Cash trade has yet to take place this week. Last week was $220 in the South, with some northern trade at $208-210. Feeder cattle futures are rallying, with $7.50 to $7.90 gains on Tuesday and coming off early...

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Barchart

Hogs Mixed on Tuesday

Lean hog futures are mixed, with December up 12 cents and other contracts down 25 to 50 cents. USDA’s national base hog price was reported at $70.06 on Tuesday morning. The CME Lean Hog Index was down another 35 cents on November 28 at $81.67. USDA’s pork carcass cutout value...

The Independent UK

Mexican cattle imports to beef up US supply have plummeted over fears of flesh-eating maggot: ‘It’s going to break us’

Imports of Mexico's cattle to the U.S., usually about 1.2 million a year, have fallen dramatically

Barchart

Sugar Prices Climb on Expectations of Smaller EU Sugar Acreage

March NY world sugar #11 (SBH26 ) today is up +0.15 (+1.02%), and March London ICE white sugar #5 (SWH26 ) is up +6.50 (+1.54%). Sugar prices are climbing today on some bullish news from the European Union. European sugar producers are expected to cut sugar acreage by 10% for...

Barchart

Cattle Look to Tuesday After Monday Weakness

Live cattle futures saw losses of $1.37 to 2. Cash trade improved late last week with $220 in the South on Friday, with some northern trade at $215, up from the $208-210 seen in the first half of the week. Feeder cattle futures were down $1 to $2.90 across most...

Barchart

Cotton Turning Higher to Start Tuesday Trade

Cotton price action is up 4 to 8 points so far on Tuesday morning. Futures saw 7 to 12 point losses across most contracts on Monday. Crude oil futures were $1 higher per barrel at $59.55 on the day, with the US dollar index $0.058 lower to $99.350. USDA’s Export...

Barchart

Hog Traders Look to Tuesday Trade

Lean hog futures were down 37 to 70 cents on Monday. Open interest was down 1,093 contracts. USDA’s national base hog price was reported at $71.68 on Monday afternoon, down 41 cents from the day prior. The CME Lean Hog Index was down another 35 cents on November 26 at...

Barchart

Soybeans Turning Around Higher on Tuesday Morning

Soybeans are showing some strength so far on Tuesday, with gains of 4 to 6 cents. Traders were back to it on Monday, after the holiday shortened week, as contracts closed 7 to 10 cents higher. Open interest was down 3,169 contracts, with Jan dropping 7,286 contracts. The cmdtyView national...

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