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Grain and livestock markets closed mostly lower on February 28 as funds liquidated positions amid uncertainty over possible US tariffs on Mexico, Canada and China. Feeder cattle traded higher on lower corn prices and possible 25% tariffs on Mexican feeder cattle, while live cattle and lean hogs weakened.
Tariff uncertainty on major US export partners weighs on hog and grain demand, while possible Mexican feeder cattle tariffs could tighten US feeder supplies and support cattle prices.
agweb.comFeb 28, 2025After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
