What You Need to Know Today:
End-of-month profit taking sent the CBOT broadly lower, though corn and soybeans managed to post small gains to continue their rallies. Turkey’s foreign ministry claimed to have a plan to ensure safe passage for both Ukrainian and Russian grain vessels via the Black Sea and Bosphorus Strait (which Turkey alone controls). USDA Secretary Rollins announced Monday the creation of the Ranchers First Initiative, which is a broad package of actions aimed at rebuilding the Great American Beef Herd and following the October 2025 Trump White House’s Plan to Fortify the American Beef Industry. U.S. Treasury Secretary Bessent thanked the EU for embracing the U.S. actions that target Iran’s financial syste...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
