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April 21, 2025
In the News
The next issue of Agri Marketing will include salutes to NAMA AgriBusiness Leader GROWMARK's CEO Mark Orr, Agri-Marketer Mktg Mgr Michell Egan and Ag Assn Leader Bob Peterson. To schedule your congratulating ad contact Audrey Evans at AudreyE@AgriMarketing.com
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 WEEKLY COMMODITY HIGHLIGHTS
Nearby
Futures | Weekly
Change | Friday's
Close | Year
Ago |
| Corn | -0.08 | 4.82 | 4.34 |
| Soybeans | -0.06 | 10.37 | 11.51 |
| Wheat | -0.07 | 5.49 | 5.50 |
| Cattle | +7.35 | 209.82 | 181.47 |
| Hogs | +5.00 | 90.40 | 96.20 |
| Cotton | +0.43 | 66.32 | 78.69 |
| Milk | +0.15 | 17.37 | 15.47 |
| Crude Oil | +2.98 | 64.48 | 82.69 |
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Grain and oilseed futures ended the week mostly lower in relatively quiet, holiday-shortened week of trade. While tariffs and U.S. trade policy remain a huge source of uncertainty for all markets, volatility has faded at least for now. There's no sign of any softening in the U.S. stance on tariffs, but the White House continues to signal it is working on new trade agreements with various countries. U.S. weather is mixed but largely favor-able, with ample rains helping alleviate drought concerns in the Midwest. However as the wet pattern continues, concerns about planting delays will grow, and meanwhile the Plains continue to deal with drought conditions exacerbated by hot, windy weather. Soybeans faced pressure from a disappointing monthly NOPA crush report and ongoing concerns about more export demand being lost to Brazil. The cotton market, which unlike soybeans have not recovered from their swoon following President Trump's April 2 tariffs announcement, was firm on the week, and weekly export sales on Thursday were solid. Crude oil was supported by prospects of reduced exports out of Iran.
In the livestock complex, live cattle futures rose every day of the holiday-shortened week. Plains cash cattle markets strengthened, with trade in Kansas and Texas at $209-210 live, up from $204 the prior week, while Nebraska traded at $212, up $4 from the prior week. Packer margins remain deep in the red. Traders were awaiting Thursday's Cattle on Feed report, which appeared to come in slightly negative versus expectations, with placements at 105.0% of a year ago, versus an average analyst estimate of 103.4%. Total feedlot inventories were at 98.0% of a year ago, versus an average survey estimate of 98.2%. and Marketings of 101.0% of a year ago were up from the average analyst estimate of 100.7%. Lean hog futures also surged, with most contracts rising every day of the week.
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