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More than 75% of the farm bill is reserved for nutrition and SNAP. Congressmembers are looking to tighten the reins on SNAP benefits that “cost taxpayers billions and contribute to the nation’s obesity,” says Sen. Rubio.

Wheat tries to hold early gains, with the rest of the grains fading ahead of crop progress and the May WASDE. Cattle rebound but await cash, hogs try to consolidate after an ugly week. Kent Beadle, Paradigm Futures.

Grains start higher after higher weekly closes, but fade trading weather, planting progress, WASDE. Cattle bounce after a lower week, while hogs see 2-sided trade. Tomm Pfitzenmaier w/Summit Commodity Brokerage.

Rising interest rates and higher farm expenses will pressure farm finances ahead, according to the latest quarterly economic outlook published by ag credit lender Farmer Mac.

Jon Scheve discusses market variables impacting prices right now.

Jerry Gulke’s marketing advice is to stay defensive: “You may not want to go long in these markets given the economy, but you probably don’t want to sell anymore.

AgDay TV Markets Now: John Payne of Hedge Point Global Markets discusses the higher weekly closes and if that confirms seasonal lows in the grain markets.

Grain farmers might have started their Cinco de Mayo celebration early on Friday, with grain prices seeing some big gains.

This 2002 John Deere 8420 sold on a May 4 farm auction in DePere, WI.

Pro Farmer breaks down soybean market outlook into 5-30-90 day segments.