Wholesale cash prices on Wednesday showed Illinois corn up to $4.29 per bushel and soybeans up to $11.95, both higher than Tuesday. Hog and steer prices were lower, and soybean meal was unchanged at $332.20 per ton.
Higher cash corn and soybean prices reflect firm nearby demand and tighter spot supply, which lifts feed costs for buyers. Lower hog and cattle prices point to softer livestock margins ahead.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.