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Strong used equipment values have been a theme for the past 18 to 20 months, and Machinery Pete doesn’t see that story changing anytime soon. During National Farm Machinery Show he revealed why those prices could last.

Nitrogen is often the most limiting factor when it comes to crop productivity.

Grains mostly lower with consolidation, a lack of fresh bullish news, USDA’s Ag Outlook numbers. Live cattle hit contract highs on the atypical BSE case. Jeff Hoogendoorn of Professional Ag Marketing has more.

Brazil’s beef exports to China will be halted starting Thursday after a case of mad cow disease was confirmed in the northern state of Para, the country’s agriculture and livestock ministry said on Wednesday.

Grains start steady to higher but turn two-sided looking for direction. Cattle making new highs with the atypical BSE case in Brazil. Hogs consolidating. Chuck Shelby of Risk Management Commodities has more.

AgDay TV Markets Now: DuWayne Bosse of Bolt Marketing talks about the selloff in grains including risk off, profit taking in soybeans and corn, plus moisture in HRW areas weighed on wheat.

The Federal Reserve needs to get inflation on to a sustainable path down toward its 2% goal this year or else risk a repeat of the 1970s. . .

Wheat sharply lower with moisture in HRW areas, profit taking hit corn and soybeans. Cattle ended mostly higher on bullish fundamentals. Hogs follow lower cutouts. DuWayne Bosse of Bolt Marketing has details.