I do not know to what extent a cattleman will go to in order to acquire inventory.  We are discovering that right now.

The South American Agriculture Report is now available. Changes to forecast expectations have been limited over the last 24 hours.

Wheat is trading with losses across the three exchanges on Wednesday, with contracts down 5 to 8 cents. Chicago SRW futures are down 6 to 7 cents on the day. KC HRW contracts are trading with contracts down 5 to 6 cents. MPLS spring wheat futures are 7 to 9...

The soybean market is trading with mixed action on Wednesday as most nearbys are up 1 to 3 cents and new crop Nov down a penny. CmdtyView’s national front month Cash Bean price is up 1 1/2 at $9.43. Soymeal futures are back down 40 cents/ton on the day, with...

Corn futures are slipping lower at midweek, with contracts showing Wednesday losses of 2 to 3 cents. The national average Cash Corn price from cmdtyView is down 3 cents at $4.26 1/2. Weekly EIA data showed a total of 1.102 million barrels per day of ethanol production in the week...

Wheat is starting the midweek trade with weaker action across the three markets. The wheat market posted gains across the three markets on Tuesday. Chicago SRW futures were up 1 to 2 cents on the day. KC HRW contracts posted gains of 2 to 3 cents. MPLS spring wheat futures...

The soybean market is slipping lower to kick off the Wednesday session, with contracts down 2 to 4 cents. Soybeans got a pop off the early session losses, as contracts closed with fractional to 2 cent losses. Pr3eliminary open interest showed a rotation of ownership, up 822 contracts. CmdtyView’s national...

Corn futures are trading with 1 to 2 cent losses in early Wednesday trade. The corn market closed out the session with contracts posting fractional gains in the front months after spending most of the session in the red. Preliminary open interest was up 11,911 contracts on Tuesday. The national...

Soybeans got a pop off the early session losses, as contracts closed with fractional to 2 cent losses. CmdtyView’s national front month Cash Bean price was down 1/2 at $9.41 1/2. Soymeal futures fell back $2.70 to $3.30/ton on the day to add some pressure. Soy Oil futures were up...

The wheat market posted gains across the three markets on Tuesday. Chicago SRW futures were up 1 to 2 cents on the day. KC HRW contracts posted gains of 2 to 3 cents. MPLS spring wheat futures were 2 to 3 cents in the green. On Monday afternoon, individual state...

The corn market closed out the session with contracts posting fractional gains in the front months after spending most of the session in the red. The national average Cash Corn price from cmdtyView was steady at $4.28 1/2. USDA reported a private export sale of 110,000 MT of corn sold...

Sound business practices, expectations on rate of return, and alternative investments are being tossed out the window for the opportunity to own over priced, labor and input intensive cattle on expectations of the price going even higher.