# Wheat and Livestock Soar on Monday - AgWeb

> Wheat led a grain and livestock rally on Monday, with gains of 11 to 19.5 cents across the three wheat classes. Traders added weather premium ahead of extreme weather with red flag warnings in the Southern Plains, and funds covered short positions. Feeder cattle hit all-time highs while soybeans slipped on South American harvest pressure and a weak NOPA crush report.

- Date: 2025-03-17 · published 2025-03-17T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/5621-wheat-and-livestock-soar-on-monday-agweb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Dry, windy conditions in US winter wheat areas raise supply risk and support wheat prices, with corn following through spillover. Strong feeder cattle prices raise the cost of feeding for lots, while the soy complex is pressured by weak crush and Brazilian harvest supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2025-03-16 | 1 | +5.6% | 3.3 | Wheat led the grain rally with 11 to 19.5 cent gains as traders added weather premium for Southern Plains red flag warnings and funds covered shorts, which is a supply-risk and positioning mechanism for HRW. |
| WHEAT | 2025-03-17 | 1 | +4.4% | 6.1 | Same-day report of wheat leading the rally as weather premium was added for Southern Plains red flag warnings and funds covered shorts, which amplified the one-day jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-03 | [Wheat and oat futures soar amid supply worries](https://feedsoft.ai/events/6175-wheat-and-oat-futures-soar-amid-supply-worries.md) | -0.1% | +1.9% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |
| WHEAT | 2021-12-17 | [Drought and Demand Drive the 2022 Wheat Outlook - AgWeb](https://feedsoft.ai/events/43643-drought-and-demand-drive-the-2022-wheat-outlook-agweb.md) | +4.9% | +7.3% |
| WHEAT | 2018-08-04 | [Global Heat Wave Toasts Wheat and Prices Soar](https://feedsoft.ai/events/9684-global-heat-wave-toasts-wheat-and-prices-soar.md) | +2.9% | +1.6% |
| WHEAT | 2024-05-20 | [Wheat Closes up 38¢ \| Monday, May 20, 2024](https://feedsoft.ai/events/4596-wheat-closes-up-38-monday-may-20-2024.md) | +19.7% | +8.5% |
| KWHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +0.4% | +2.3% |
| KWHEAT | 2021-12-17 | [Drought and Demand Drive the 2022 Wheat Outlook - AgWeb](https://feedsoft.ai/events/43643-drought-and-demand-drive-the-2022-wheat-outlook-agweb.md) | +7.2% | -7.3% |
| KWHEAT | 2024-05-20 | [Wheat Closes up 38¢ \| Monday, May 20, 2024](https://feedsoft.ai/events/4596-wheat-closes-up-38-monday-may-20-2024.md) | +9.0% | -8.5% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/markets-close-mostly-higher-monday-wheat-leads-feeders-hit-all-time-highs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.