Brownfield Commodity Market Reporter John Perkins has your look at the early gains in hogs, cattle, soybeans, corn, and wheat.

What to watch:

» Soybeans and corn are watching South American rain totals.

» Wheat is keeping an eye on precip in the U.S. Plains.

» Cattle are optimistic about direct business.

» Hogs are supported by Monday's higher pork close.

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What challenges and roadblocks do Michigan farmers face when moving their grain through the supply chain?

Michigan Soybean Committee Market Development Director Hanna Campbell tells Brownfield it’s an area the checkoff is evaluating.

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Missouri consumers love their beef, and that’s good news for Missouri’s cattle producers. In this episode, Sydney Long, Executive Director for the Missouri Beef Industry Council talks about how the organization uses consumer market research to grow demand.

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On this episode of Agriculture Today, we’ll have several Brownfield “On The Ground” updates from the 2025 American Farm Bureau Convention in San Antonio where anchor/reporter Mark Dorenkamp has been stationed this week. We’ll also have news updates on cropping plans for the spring amid lower commodity prices, farmer cutbacks on fertilizer applications, and how the pork industry is working to reach younger domestic consumers. 

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Brownfield's Mark Dorenkamp interviews American Farm Bureau vice president of public policy Sam Kieffer at the 2025 American Farm Bureau Convention in San Antonio, Texas. Kieffer says Congress has their hands full in 2025.

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Brownfield Commodity Market Reporter John Perkins has your look at the mixed finishes in cattle and hogs and the losses in soybeans, corn, and wheat.

Closing numbers:

» March corn $4.82 down $.04 and 1/2

» March soybeans $10.45 down $.10 and 3/4

» March soybean meal $300.80 down $4.10

» March soybean oil 45.00 down 22 points

» March Chicago wheat $5.35 and ½ down $.08 and 1/2

» February live cattle $205.67 up $.90

» February lean hogs $83.05 up $.75

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Brownfield's Mark Dorenkamp interviews Ohio Farm Bureau president Bill Patterson at the 2025 American Farm Convention in San Antonio, Texas.

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Brownfield Commodity Market Reporter John Perkins has your look at the mixed open in cattle and the losses to start the day in soybeans, corn, wheat, and hogs.

What to watch:

» Soybeans and corn are down with rain in Argentina.

» Wheat is waiting for more precipitation in the Plains.

» Cattle are getting ready for direct business and the inventory numbers.

» Hogs continue to question domestic demand.

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The Missouri Soybean Association is confident that the incoming Governor Mike Kehoe will maintain a focus on agriculture despite budget challenges. Kehoe's regulatory approach and transportation infrastructure spending are seen as farmer-friendly by Missouri farmers.

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On this episode of Weekly Livestock Market Update, Brownfield's Meghan Grebner talks with ag economist Kenny Burdine about slaughter numbers, Cold Storage, and the January Cattle on Feed report.

Market highlights:

Live steer prices look to be trading almost $4 higher this week at $207.59 for the 5-market average. February live cattle futures prices were up more than $7 on the week closing above $204 today. January feeder cattle future prices were up more than $5, closing above $278. Cash hogs were virtually unchanged at $80.72/cwt. February lean hog futures were up about $1 from last week, closing at $82.20 today. Pork cutout values were just a tick higher at $92.02 this week.

Weekly Slaughter:

At the end of the week, cattle slaughter was 599,000 head, down from 603,000 last week, and lower than last year. Hog slaughter was 2.477 million head, down about 6% from last week and down even more from year ago.

Cold Storage:

» Frozen beef supplies up 4% from last month, but down 5% from year ago.

» Frozen pork supplies up 2% from November, but down 6% from December of 2023.

» Frozen chicken stocks 8% below year-ago.

» Big jump in bellies month-over-month, but 39% below last year.

Livestock Slaughter:

» Total December slaughter down 1% from year ago, but 3% YOY.

» Steer slaughter has been up a bit, heifer slaughter down a bit, but cows have been the story.

» Month over month, beef cow slaughter was down over 26% and down 18.8% YOY.

» 2024 beef cow slaughter, as a percent of Jan 1 beef cow inventory is 10.1%.

» Total hog slaughter for December 2024 was down just under 1% from 2023. For the year, hog slaughter was up 1.4% from 2023.

January Cattle on Feed:

» On feed inventory came in about 1% below year-ago, which is a larger percentage decrease than what was seen last month.

» December placements were down over 3% from year ago, which was outside the range of estimates for placements.

» December marketings were 1% higher.

» Heifers as a percentage of on-feed inventory came in a 38.7%. This is about a percent lower than October 2024 and about a percent lower than January 2024.

Next week’s report:

» Cattle Inventory Numbers

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About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

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