Soybean demand surged, with the domestic crush margin on soybeans rising 13 cents to $2.13 per bushel. Drought conditions in the Midwest, particularly in Michigan, are impacting corn and soybean crops. US red meat production declined, with beef down 4% and pork down 4% year-over-year. Cattle futures were mixed, with cash cattle prices steady. Strong winds and showers were forecasted for parts of North Dakota and Minnesota, posing flood risks. The podcast also highlighted the decline in US farm numbers and production.