President at Midwest Market Solutions and Midwest Real Estate Solutions. Follow @midwestmarkets for more market info. There is a risk of loss in futures trading
JBS is adding to the broader theme of tighter U.S. beef processing capacity, with Bloomberg reporting the company will close a Pennsylvania beef plant and a Tennessee value-added facility #oatt
Feeder cattle index is down $2.09 at 368.01. Daily number is at $366.37 on 2,393 head. Total headcount is 16,317 head. No deliveries—oldest date is still partly through 8/11/2025 #oatt
Brazil’s Conab raised their official 2025/26 soybean production estimate slightly this month, from 180.13 to 180.25 MMT; exports were up slightly as well, from 116.0 to 116.1 MMT.
Second-crop corn output fell from 108.45 to 107.87 MMT this month, with total corn output still up from 140.17 to 140.46 MMT as first-crop production rose from 28.46 to 29.34 MMT.
South Korea FLC bought between 55-68k tonnes of optional origin corn, at $257/tonne C&F for early November; they also bought 42-60k tonnes of optional-origin soymeal, at $397/tonne C&F for Nov arrival. The country’s MFG tendered for 60k tonnes of meal as well, for mid-Oct arrival