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Grains see profit taking on the announcement of additional China tariffs, plus Conab raises Brazil estimates. Livestock bounce on short covering, higher products, lower feed. Kent Beadle, Paradigm Futures, has more.

“The current lifetime estate and gift tax exemption is $13.61 million and will be cut in half beginning in 2026.”

Livestock futures had a rough start to the week, more pressure to come?

Grain markets mixed in the overnight trade. These are the important levels we will be keeping an eye on through today’s trade.

This week’s USDA Crop Progress report shows corn planting five percentage points (49% planted) behind average, while soybean planting has slowed to just a single percentage point ahead (35%).

Grains rally led by wheat on continued crop concerns and fund short covering. Live cattle lower despite the futures discount to cash. Hogs fall on the futures premium to the LHI. Brian Grete, Pro Farmer, has more.

Brian Grete, Pro Farmer editor, says wheat led the price rally in wheat once again adding weather premium on global production concerns.

USDA raised its 2024 beef production forecast 139 million lbs. from last month on expectations of higher slaughter during the second half of the year and heavier carcass weights.

Selective spray green on green is a new tool to help manage resistant weeds while reducing the amount of herbicides applied on a field.