The wheat market led row crops higher on Friday, shaking off an otherwise sluggish week as traders took Thursday's successful hold of chart support, and lack of a deal between the U.S. and Iran as reason enough to halt profit-taking and follow the influence of higher crude oil prices to close the week. Along those lines, there were reports that Thursday's negotiations made some progress, and talks are expected to continue. Meanwhile, the surge in wheat prices positively influenced corn futures as well, which rose for the third straight session while covering technical ground. Soybeans were mixed through much of the session, struggling with resistance and hedging pressure as prices tread among November highs currently, but well supported to the downside by trade optimism and concerning conditions for the Argentine crop and ultimately managing a very strong close for the week. In outside markets, equities moved sharply lower again with the Dow Jones Industrial Average threatening a monthly loss for February, which would be the first monthly loss since April of 2025.

May corn closed up 5 cents and July corn was up 4 3/4 cents. May soybeans closed up 7 1/4 cents and July soybeans were up 6 1/2 cents. May KC wheat closed up 18 1/4 cents, May Chicago wheat was up 17 cents, May Minneapolis wheat was up 14 cents.

Live cattle futures posted active pressure across all futures contracts, with spot month February contracts trading $2 per cwt lower, while other nearby contracts traded $3 to $3.60 per cwt lower. Continued strong pressure in outside markets is adding additional pressure to the entire live cattle complex. Cash cattle markets are starting to improve with light trade reported in parts of Kansas at $244, $5 lower than last week's weighted averages. A few live deals are also being reported in parts of Nebraska. Some bids are now on the table in Texas, but so far, they are being passed. Boxed beef prices are Higher: choice up $1.08 ($378.97) and select up $3.44 ($374.23) with a movement of 48.35 loads (38.87 loads of choice, 2.46 loads of select, no loads of trim and 7.02 loads of ground beef).

Feeder cattle futures were leading the market lower Friday, as buyer support seemed to crack during the Thursday trading session. The overall lack of buying interest stepping into the market during initial trade Friday in outside markets seemed to leave even more pressure flooding into the complex. Spot month contracts held the best at this point with prices over $5 per cwt lower at midday, while other nearby contracts held $7 to $7.50 per cwt losses as traders have not only focusing on outside market pressure, but also a lack of market stability through the entire beef complex at the end of the month.

Lean hog futures once again were the quiet and more stable livestock market of the complex, with prices mixed within a very narrow trading range despite the aggressive selling pressure flooding into both the cattle trade and outside financial markets. April futures continued to trade higher through the morning and heading into midday, with a 30-cent gain developing. The rest of the complex remained slightly under pressure with losses of 5 to 15 cents per cwt holding in most nearby contracts. The overall lack of direction in both pork market technical trade as well as stability in market fundamental direction through late February seems to be a welcome relief compared to the market pressure across other markets.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/27140315/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:The wheat market led row crops higher on Friday, shaking off an otherwise sluggish week as traders took Thursday's successful hold of chart support, and lack of a deal between the U.S. and Iran as reason enough to halt profit-taking and follow the influence of higher crude oil prices to close the week. Along those lines, there were reports that Thursday's negotiations made some progress, and talks are expected to continue. Meanwhile, the surge in wheat prices positively influenced corn futures as well, which rose for the third straight session while covering technical ground. Soybeans were mixed through much of the session, struggling with resistance and hedging pressure as prices tread among November highs currently, but well supported to the downside by trade optimism and concerning conditions for the Argentine crop and ultimately managing a very strong close for the week. In outside markets, equities moved sharply lower again with the Dow Jones Industrial Average threatening a monthly loss for February, which would be the first monthly loss since April of 2025.May corn closed up 5 cents and July corn was up 4 3/4 cents. May soybeans closed up 7 1/4 cents and July soybeans were up 6 1/2 cents. May KC wheat closed up 18 1/4 cents, May Chicago wheat was up 17 cents, May Minneapolis wheat was up 14 cents.LIVESTOCK:Live cattle futures posted active pressure across all futures contracts, with spot month February contracts trading $2 per cwt lower, while other nearby contracts traded $3 to $3.60 per cwt lower. Continued strong pressure in outside markets is adding additional pressure to the entire live cattle complex. Cash cattle markets are starting to improve with light trade reported in parts of Kansas at $244, $5 lower than last week's weighted averages. A few live deals are also being reported in parts of Nebraska. Some bids are now on the table in Texas, but so far, they are being passed. Boxed beef prices are Higher: choice up $1.08 ($378.97) and select up $3.44 ($374.23) with a movement of 48.35 loads (38.87 loads of choice, 2.46 loads of select, no loads of trim and 7.02 loads of ground beef).Feeder cattle futures were leading the market lower Friday, as buyer support seemed to crack during the Thursday trading session. The overall lack of buying interest stepping into the market during initial trade Friday in outside markets seemed to leave even more pressure flooding into the complex. Spot month contracts held the best at this point with prices over $5 per cwt lower at midday, while other nearby contracts held $7 to $7.50 per cwt losses as traders have not only focusing on outside market pressure, but also a lack of market stability through the entire beef complex at the end of the month. Lean hog futures once again were the quiet and more stable livestock market of the complex, with prices mixed within a very narrow trading range despite the aggressive selling pressure flooding into both the cattle trade and outside financial markets. April futures continued to trade higher through the morning and heading into midday, with a 30-cent gain developing. The rest of the complex remained slightly under pressure with losses of 5 to 15 cents per cwt holding in most nearby contracts. The overall lack of direction in both pork market technical trade as well as stability in market fundamental direction through late February seems to be a welcome relief compared to the market pressure across other markets. <a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/27140315/web-closing-markets-1.mp3">Click HERE for audio</a>

Commodity markets daily recap

Ag Secretary Brooke Rollins announced the imminent disposal of USDA’s South Building and Braddock Place, designed to reduce the real estate footprint of the U.S. Government in the National Capital Region. “This is a long overdue move to protect the American taxpayer dollars from being wasted on expensive real estate inside the Washington, D.C., area when our government should be closer to the producers we serve,” Rollins said. 

“More than 85 percent of the South Building is unoccupied, and there’s a $1.6 million backlog in deferred maintenance.” She also said it’s “unacceptable” to put these costs on the U.S. taxpayer. “We’re being strong stewards of taxpayer dollars while also ensuring top-notch customer service and fulfilling our promise to American farmers,” Rollins added. USDA Deputy Secretary Stephen Vaden added that the massive, underutilized real estate footprint wasn’t sustainable in the current USDA budget. 

Ag Secretary Brooke Rollins announced the imminent disposal of USDA’s South Building and Braddock Place, designed to reduce the real estate footprint of the U.S. Government in the National Capital Region. “This is a long overdue move to protect the American taxpayer dollars from being wasted on expensive real estate inside the Washington, D.C., area when our government should be closer to the producers we serve,” Rollins said. “More than 85 percent of the South Building is unoccupied, and there’s a $1.6 million backlog in deferred maintenance.” She also said it’s “unacceptable” to put these costs on the U.S. taxpayer. “We’re being strong stewards of taxpayer dollars while also ensuring top-notch customer service and fulfilling our promise to American farmers,” Rollins added. USDA Deputy Secretary Stephen Vaden added that the massive, underutilized real estate footprint wasn’t sustainable in the current USDA budget. -NAFB

USDA relocation plans moving forward

The Fertilizer Institute voiced strong support for key conservation, innovation, and nutrient stewardship provisions included in the House Agriculture Committee’s Farm Bill proposal. The organization is grateful that Chairman GT Thompson recognized the important role that nutrient stewardship and conservation technologies play in helping farmers produce abundant, affordable food while protecting natural resources. “These provisions in the draft Farm Bill reflect a practical, science-based approach to strengthening American agriculture,” said Corey Rosenbusch, president and CEO of the Institute. 

Of particular importance to TFI is the inclusion of a clear definition of plant biostimulants, as well as an exclusion to ensure that these innovative, nutrition-based products are not regulated as pesticides. “Incentivizing precision agriculture and enhanced efficiency technologies through conservation programs is a smart investment,” Rosenbusch added. “These tools help farmers get the most out of their applied fertilizer and deliver economic benefits on the farm while enhancing environmental protections.” 

The Fertilizer Institute voiced strong support for key conservation, innovation, and nutrient stewardship provisions included in the House Agriculture Committee’s Farm Bill proposal. The organization is grateful that Chairman GT Thompson recognized the important role that nutrient stewardship and conservation technologies play in helping farmers produce abundant, affordable food while protecting natural resources. “These provisions in the draft Farm Bill reflect a practical, science-based approach to strengthening American agriculture,” said Corey Rosenbusch, president and CEO of the Institute. Of particular importance to TFI is the inclusion of a clear definition of plant biostimulants, as well as an exclusion to ensure that these innovative, nutrition-based products are not regulated as pesticides. “Incentivizing precision agriculture and enhanced efficiency technologies through conservation programs is a smart investment,” Rosenbusch added. “These tools help farmers get the most out of their applied fertilizer and deliver economic benefits on the farm while enhancing environmental protections.” -NAFB

Fertilizer Institute applauds Farm Bill 2.0 

What began as another mixed and dull trade for Wednesday saw soybeans again gain bullish favor by late morning, shaking off overnight lows for the third time this week and very close to challenging November highs on the May contract. Corn futures were also able to move higher for the third time in the past four sessions and back among the highs of the year thus far. Meanwhile, wheat futures continue to slide on profit-taking directly tied to simmering geopolitical concerns ahead of Thursday's continuation of negotiations between the U.S. and Iran. Along those lines, crude oil futures were lower for the third straight session, but remain among the highs of 2026 with risk premium baked in. Equity markets continued their recovery of Monday's losses and treasuries were quietly lower.

May corn closed up 3 1/2 cents and July corn was up 2 3/4 cents. May soybeans closed up 9 3/4 cents and July soybeans were up 9 1/4 cents. May KC wheat closed down 2 3/4 cents, May Chicago wheat was down 3 1/2 cents, May Minneapolis wheat was up 1 1/2 cents.

The live cattle complex traded mostly lower into Thursday's closing bell, as the market seems to be holding its breath, unsure what's going to shake out in this week's fed cash cattle market and whether or not a strike is going to happen at JBS's plant in Greeley, Colorado. And with the market nearing resistance pressure, traders are simply unwilling to advance the contracts without further fundamental support. There are bids currently on the table in Nebraska and Texas, but no cattle have traded yet. Asking prices are noted at $388 to $390 in the North and at $250-plus in the South. Boxed beef prices were mixed: choice down $0.24 ($378.99) and select up $3.79 ($370.86) with a movement of 49 loads (28.44 loads of choice, 5.69 loads of select, 4.04 loads of trim and 10.55 loads of ground beef).

The feeder cattle complex was feeling the full effect of the market's underlying uncertainty as its contracts traded $5.00 to $6.00 lower for the bulk of Thursday's session. Without seeing the live cattle contracts trading higher -- and still no reassurance as to what's going to come of this week's fed cash cattle trade -- the feeder cattle contracts were left to trade sharply lower.

After an impressive seven-day rally, some of the nearby lean hog contracts traded slightly lower into Thursday's closing bell. With pork cutout values down again slightly, traders may be opting to reel back their support of the contracts until the market's fundamentals improve.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/26140648/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:What began as another mixed and dull trade for Wednesday saw soybeans again gain bullish favor by late morning, shaking off overnight lows for the third time this week and very close to challenging November highs on the May contract. Corn futures were also able to move higher for the third time in the past four sessions and back among the highs of the year thus far. Meanwhile, wheat futures continue to slide on profit-taking directly tied to simmering geopolitical concerns ahead of Thursday's continuation of negotiations between the U.S. and Iran. Along those lines, crude oil futures were lower for the third straight session, but remain among the highs of 2026 with risk premium baked in. Equity markets continued their recovery of Monday's losses and treasuries were quietly lower.May corn closed up 3 1/2 cents and July corn was up 2 3/4 cents. May soybeans closed up 9 3/4 cents and July soybeans were up 9 1/4 cents. May KC wheat closed down 2 3/4 cents, May Chicago wheat was down 3 1/2 cents, May Minneapolis wheat was up 1 1/2 cents.LIVESTOCK:The live cattle complex traded mostly lower into Thursday's closing bell, as the market seems to be holding its breath, unsure what's going to shake out in this week's fed cash cattle market and whether or not a strike is going to happen at JBS's plant in Greeley, Colorado. And with the market nearing resistance pressure, traders are simply unwilling to advance the contracts without further fundamental support. There are bids currently on the table in Nebraska and Texas, but no cattle have traded yet. Asking prices are noted at $388 to $390 in the North and at $250-plus in the South. Boxed beef prices were mixed: choice down $0.24 ($378.99) and select up $3.79 ($370.86) with a movement of 49 loads (28.44 loads of choice, 5.69 loads of select, 4.04 loads of trim and 10.55 loads of ground beef).The feeder cattle complex was feeling the full effect of the market's underlying uncertainty as its contracts traded $5.00 to $6.00 lower for the bulk of Thursday's session. Without seeing the live cattle contracts trading higher -- and still no reassurance as to what's going to come of this week's fed cash cattle trade -- the feeder cattle contracts were left to trade sharply lower. After an impressive seven-day rally, some of the nearby lean hog contracts traded slightly lower into Thursday's closing bell. With pork cutout values down again slightly, traders may be opting to reel back their support of the contracts until the market's fundamentals improve.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/26140648/web-closing-markets-1.mp3">Click HERE for audio</a>

The overall Rural Mainstreet Index dropped below a growth-neutral level of 50.0 for February. That’s according to the most recent monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture or energy. The region’s overall reading for February fell to 47.9 from 52.0 in January. This marks the 12th time that the index has dropped below growth-neutral since January 2025. “Due to weakness in the farm economy, especially for grain, about 75 percent of bankers support additional Congressional financial support for the agriculture sector,” said Ernie Goss of Creighton University. “They said pullbacks in farm exports during 2025 continue to undermine the regional farm economy.” 

The February survey showed farm loan delinquency rates plateauing at a modest rate of less than 1.5 percent. The Farm and Ranchland Price Index also fell below growth neutral at 45.5. The overall index ranges from 0 to 100, with growth neutral at 50.0.

The overall Rural Mainstreet Index dropped below a growth-neutral level of 50.0 for February. That’s according to the most recent monthly survey of bank CEOs in rural areas of a ten-state region dependent on agriculture or energy. The region’s overall reading for February fell to 47.9 from 52.0 in January. This marks the 12th time that the index has dropped below growth-neutral since January 2025. “Due to weakness in the farm economy, especially for grain, about 75 percent of bankers support additional Congressional financial support for the agriculture sector,” said Ernie Goss of Creighton University. “They said pullbacks in farm exports during 2025 continue to undermine the regional farm economy.” The February survey showed farm loan delinquency rates plateauing at a modest rate of less than 1.5 percent. The Farm and Ranchland Price Index also fell below growth neutral at 45.5. The overall index ranges from 0 to 100, with growth neutral at 50.0.-NAFB

February Rural Mainstreet Index falls below growth neutral

A new ten percent U.S. tariff on goods from around the world took effect on Tuesday. Meatingplace said a list of tariff exemptions included beef, some fertilizers, and metals like steel and aluminum that are already under Section 232 national security tariffs. The ten percent tariff under Section 122 was announced last week after the Supreme Court struck down President Donald Trump’s widespread use of tariffs, in place since February 2025. “Section 122 only allows tariffs for 150 days without congressional action,” Meatingplace said. “The President had said over the weekend he was raising them to 15 percent, the cap set in Section 122, but Tuesday’s action remained at ten percent.” 

Fertilizers that are exempt from the new import tariffs include urea, ammonium nitrate, UAN, ammonium sulfate, along with DAP, MAP, and others. Ammonia, sulfuric acid, and sulfur are not exempt, unless they are imported via the U.S.-Mexico-Canada Trade Agreement.&nbsp;&nbsp;

A new ten percent U.S. tariff on goods from around the world took effect on Tuesday. Meatingplace said a list of tariff exemptions included beef, some fertilizers, and metals like steel and aluminum that are already under Section 232 national security tariffs. The ten percent tariff under Section 122 was announced last week after the Supreme Court struck down President Donald Trump’s widespread use of tariffs, in place since February 2025. “Section 122 only allows tariffs for 150 days without congressional action,” Meatingplace said. “The President had said over the weekend he was raising them to 15 percent, the cap set in Section 122, but Tuesday’s action remained at ten percent.” Fertilizers that are exempt from the new import tariffs include urea, ammonium nitrate, UAN, ammonium sulfate, along with DAP, MAP, and others. Ammonia, sulfuric acid, and sulfur are not exempt, unless they are imported via the U.S.-Mexico-Canada Trade Agreement.&nbsp;&nbsp;-NAFB

Beef, most fertilizers exempt from new tariffs

May corn closed up 3 1/2 cents and July corn was up 2 3/4 cents. May soybeans closed up 9 3/4 cents and July soybeans were up 9 1/4 cents. May KC wheat closed down 2 3/4 cents, May Chicago wheat was down 3 1/2 cents, May Minneapolis wheat was up 1 1/2 cents.

Although we still haven't heard whether or not there will be a union strike at the JBS plant in Greeley, Colorado, traders seemed comfortable advancing the live cattle contracts Wednesday. Still no cash cattle trade has developed and it's most likely trade will be delayed until Friday. If a plant strike does happen in Colorado, then there's a chance prices may trade steady as opposed to higher as not as many cattle would be needed in the immediate future. Boxed beef prices are higher: choice up $1.92 ($379.35) and select up $0.75 ($366.76) with a movement of 59 loads (34.16 loads of choice, 4.69 loads of select, 8.08 loads of trim and 11.88 loads of ground beef).

Upon seeing the live cattle complex step out and comfortably trade higher, the feeder cattle contracts were logging a sizeable rally ahead of Wednesday's noon hour. Nothing sent the live cattle contracts tumbling lower, the feeder cattle contracts were able to sustain the bulk of their rally into Wednesday's closing bell.

The lean hog complex continued to trade higher, keeping with what is now a seven-day rally as traders continue to drive the market higher upon the technical interest they've recently found. It's been interesting to watch the market's fundamentals play out over the last seven trading days as pork cutout values have been mostly mixed, but packer interest in the cash market has been better.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/25140634/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:May corn closed up 3 1/2 cents and July corn was up 2 3/4 cents. May soybeans closed up 9 3/4 cents and July soybeans were up 9 1/4 cents. May KC wheat closed down 2 3/4 cents, May Chicago wheat was down 3 1/2 cents, May Minneapolis wheat was up 1 1/2 cents.What began as another mixed and dull trade for Wednesday saw soybeans again gain bullish favor by late morning, shaking off overnight lows for the third time this week and very close to challenging November highs on the May contract. Corn futures were also able to move higher for the third time in the past four sessions and back among the highs of the year thus far. Meanwhile, wheat futures continue to slide on profit-taking directly tied to simmering geopolitical concerns ahead of Thursday's continuation of negotiations between the U.S. and Iran. Along those lines, crude oil futures were lower for the third straight session, but remain among the highs of 2026 with risk premium baked in. Equity markets continued their recovery of Monday's losses and treasuries were quietly lower.LIVESTOCK:Although we still haven't heard whether or not there will be a union strike at the JBS plant in Greeley, Colorado, traders seemed comfortable advancing the live cattle contracts Wednesday. Still no cash cattle trade has developed and it's most likely trade will be delayed until Friday. If a plant strike does happen in Colorado, then there's a chance prices may trade steady as opposed to higher as not as many cattle would be needed in the immediate future. Boxed beef prices are higher: choice up $1.92 ($379.35) and select up $0.75 ($366.76) with a movement of 59 loads (34.16 loads of choice, 4.69 loads of select, 8.08 loads of trim and 11.88 loads of ground beef).Upon seeing the live cattle complex step out and comfortably trade higher, the feeder cattle contracts were logging a sizeable rally ahead of Wednesday's noon hour. Nothing sent the live cattle contracts tumbling lower, the feeder cattle contracts were able to sustain the bulk of their rally into Wednesday's closing bell.The lean hog complex continued to trade higher, keeping with what is now a seven-day rally as traders continue to drive the market higher upon the technical interest they've recently found. It's been interesting to watch the market's fundamentals play out over the last seven trading days as pork cutout values have been mostly mixed, but packer interest in the cash market has been better.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/25140634/web-closing-markets-1.mp3">Click HERE for audio</a>

U.S. farm groups are urging Congress to move quickly on a new Farm Bill, warning that continued delays could increase uncertainty for producers heading into the 2026 growing season. Commodity organizations say programs covering crop insurance, conservation, nutrition assistance and farm safety nets need long-term stability. Congressional hearings are underway, but farm leaders say producers need clarity well before planting and financing decisions are finalized. 

Agricultural economists note that high input costs, volatile weather and global competition have increased reliance on federal support programs. Farm groups warn that a delayed bill could complicate lending decisions and participation in conservation initiatives. Congressional leaders say negotiations are ongoing but acknowledge challenges in reaching a bipartisan agreement. Farm organizations say timely passage is critical to maintaining confidence in the U.S. farm economy.

U.S. farm groups are urging Congress to move quickly on a new Farm Bill, warning that continued delays could increase uncertainty for producers heading into the 2026 growing season. Commodity organizations say programs covering crop insurance, conservation, nutrition assistance and farm safety nets need long-term stability. Congressional hearings are underway, but farm leaders say producers need clarity well before planting and financing decisions are finalized. Agricultural economists note that high input costs, volatile weather and global competition have increased reliance on federal support programs. Farm groups warn that a delayed bill could complicate lending decisions and participation in conservation initiatives. Congressional leaders say negotiations are ongoing but acknowledge challenges in reaching a bipartisan agreement. Farm organizations say timely passage is critical to maintaining confidence in the U.S. farm economy.-NAFB

Farm groups urge Congress to move quickly on 2026 farm bill

U.S. meat exporters are facing increased pressure overseas as global production rises and price-sensitive buyers look for lower-cost supplies. USDA data show beef and pork exports remain strong by historical standards, but shipments have softened in several key Asian markets. Industry groups say a strong U.S. dollar, higher production costs and growing competition from South America are affecting price competitiveness. 

Export markets are critical to U.S. livestock prices, particularly for cuts less favored by American consumers. The U.S. Meat Export Federation says trade access plays a major role in supporting farm-level returns. Trade officials say ongoing negotiations and market development efforts are focused on maintaining access and expanding demand. Industry leaders warn that continued competition could pressure producer margins if exports slow further.

U.S. meat exporters are facing increased pressure overseas as global production rises and price-sensitive buyers look for lower-cost supplies. USDA data show beef and pork exports remain strong by historical standards, but shipments have softened in several key Asian markets. Industry groups say a strong U.S. dollar, higher production costs and growing competition from South America are affecting price competitiveness. Export markets are critical to U.S. livestock prices, particularly for cuts less favored by American consumers. The U.S. Meat Export Federation says trade access plays a major role in supporting farm-level returns. Trade officials say ongoing negotiations and market development efforts are focused on maintaining access and expanding demand. Industry leaders warn that continued competition could pressure producer margins if exports slow further.-NAFB

U.S. meat exports face growing global competition

March corn closed up 1/4 cent and May corn was down 1 3/4 cents. March soybeans closed up 5 1/4 cents and May soybeans were up 5 1/2 cents. March KC wheat closed down 5 3/4 cents, March Chicago wheat was down 2 cents, March Minneapolis wheat was down 2 3/4 cents.

There was very little impactful news for Tuesday to drive prices. Soybean futures appear to have found a comfortable range of liquidity with an early attempt lower rejected by buyers who are still finding optimism in a firm soybean oil market. Meanwhile, corn futures remain sluggish and confined to their February price range with profit-taking in wheat through the week thus far a source of spillover weakness. Outside markets for Tuesday saw recovery in equities after an ugly start to the week on Monday. Energy markets remain generally elevated relative to their 2026 range thus far but are treading this week with the next round of U.S.-Iran negotiations upcoming on Thursday. In other outside market news, President Trump's State of the Union address is Tuesday evening at 8 p.m. CST, and investors will undoubtedly be tuned in to hear comments regarding the U.S. economy, tariff situation, and more.

The live cattle complex continued to trade mixed as it's unclear whether or not an agreement was reached at the JBS packing plant in Greeley, Colorado, to avoid a union plant strike. This uncertainty had the nearby contracts trading slightly lower, while the deferred contracts were trading mildly higher. Still no cash cattle trade has developed, and it's unlikely any trade will surface ahead of Thursday or Friday. Boxed beef prices are higher: choice up $6.65 ($375.87) and select up $1.79 ($366.10) with a movement of 58 loads (39.59 loads of choice, 4.96 loads of select, zero loads of trim and 13.79 loads of ground beef).

The live cattle complex may have traded mixed, but the feeder cattle contracts found a little more support and were softly to fully higher moving into Tuesday's closing bell. More than anything it seems the market is no longer up against immediate resistance pressure, which is why traders are comfortable to now allow the contracts to push slightly higher.

The lean hog complex maintained with its recent trend and traded solidly higher into Tuesday's close. This morning's pork cutout values were down slightly, but prices were stronger Monday and the market remains far enough away from technical resistance pressure that traders are comfortable advancing the contracts at this point in time.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/24140930/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 1/4 cent and May corn was down 1 3/4 cents. March soybeans closed up 5 1/4 cents and May soybeans were up 5 1/2 cents. March KC wheat closed down 5 3/4 cents, March Chicago wheat was down 2 cents, March Minneapolis wheat was down 2 3/4 cents.There was very little impactful news for Tuesday to drive prices. Soybean futures appear to have found a comfortable range of liquidity with an early attempt lower rejected by buyers who are still finding optimism in a firm soybean oil market. Meanwhile, corn futures remain sluggish and confined to their February price range with profit-taking in wheat through the week thus far a source of spillover weakness. Outside markets for Tuesday saw recovery in equities after an ugly start to the week on Monday. Energy markets remain generally elevated relative to their 2026 range thus far but are treading this week with the next round of U.S.-Iran negotiations upcoming on Thursday. In other outside market news, President Trump's State of the Union address is Tuesday evening at 8 p.m. CST, and investors will undoubtedly be tuned in to hear comments regarding the U.S. economy, tariff situation, and more.LIVESTOCK:The live cattle complex continued to trade mixed as it's unclear whether or not an agreement was reached at the JBS packing plant in Greeley, Colorado, to avoid a union plant strike. This uncertainty had the nearby contracts trading slightly lower, while the deferred contracts were trading mildly higher. Still no cash cattle trade has developed, and it's unlikely any trade will surface ahead of Thursday or Friday. Boxed beef prices are higher: choice up $6.65 ($375.87) and select up $1.79 ($366.10) with a movement of 58 loads (39.59 loads of choice, 4.96 loads of select, zero loads of trim and 13.79 loads of ground beef).The live cattle complex may have traded mixed, but the feeder cattle contracts found a little more support and were softly to fully higher moving into Tuesday's closing bell. More than anything it seems the market is no longer up against immediate resistance pressure, which is why traders are comfortable to now allow the contracts to push slightly higher. The lean hog complex maintained with its recent trend and traded solidly higher into Tuesday's close. This morning's pork cutout values were down slightly, but prices were stronger Monday and the market remains far enough away from technical resistance pressure that traders are comfortable advancing the contracts at this point in time.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/24140930/web-closing-markets-1.mp3">Click HERE for audio</a>

Farmers and conservation groups filed a lawsuit last week challenging the Environmental Protection Agency’s reapproval of Dicamba herbicide that’s sprayed on genetically-resistant cotton and soybeans. “The re-registration of Dicamba flies in the face of a decade of damning evidence, real-world farming know-how, sound science, and the law,” said George Kimbrell, legal director of the Center for Food Safety and a counsel in the case. “In reality, the Trump administration has once again betrayed farmers and poisoned the environment to pad corporate pesticide profits, so we’ll see them in court.” 

He also said EPA administrator Lee Zeldin’s “hollow promises” that new restrictions on Dicamba will prevent damaging drift to nearby farms and backyard gardens is totally unsupported by the facts or common sense. “Zeldin insists he’s working closely with the Make America Healthy Again movement to make pesticides safer,” said Nathan Donley of the Center for Biological Diversity. “We aren’t fooled.”

Farmers and conservation groups filed a lawsuit last week challenging the Environmental Protection Agency’s reapproval of Dicamba herbicide that’s sprayed on genetically-resistant cotton and soybeans. “The re-registration of Dicamba flies in the face of a decade of damning evidence, real-world farming know-how, sound science, and the law,” said George Kimbrell, legal director of the Center for Food Safety and a counsel in the case. “In reality, the Trump administration has once again betrayed farmers and poisoned the environment to pad corporate pesticide profits, so we’ll see them in court.” He also said EPA administrator Lee Zeldin’s “hollow promises” that new restrictions on Dicamba will prevent damaging drift to nearby farms and backyard gardens is totally unsupported by the facts or common sense. “Zeldin insists he’s working closely with the Make America Healthy Again movement to make pesticides safer,” said Nathan Donley of the Center for Biological Diversity. “We aren’t fooled.”-NAFB

Groups sue EPA over Dicamba reapproval

Cattle on feed on February 1 and placements in feedlots declined year-over-year. That’s according to the most recent Cattle on Feed Report. About 11.5 million head of cattle and calves were on feed at the beginning of the month, which the USDA said is down two percent on an annual basis. Placements last month totaled 1.74 million head, down five percent from the same month a year ago. 

The highest marketing level came in the 700–799-pound class, totaling 455,000 head. Under 600 pounds totaled 360,000 head, while 600-699 pounds totaled 365,000 head. Cattle placements between 800-899 pounds totaled 381,000 head. Placements included about 105,000 head weighing 900-999 pounds, and 70,000 head weighing 1,000 pounds or higher. The agency also said marketings of fed cattle in January plunged 13 percent on an annual basis, and other disappearance fell by eight percent to 55,000 head.

By: NATHAN STUEDLECattle on feed on February 1 and placements in feedlots declined year-over-year. That’s according to the most recent Cattle on Feed Report. About 11.5 million head of cattle and calves were on feed at the beginning of the month, which the USDA said is down two percent on an annual basis. Placements last month totaled 1.74 million head, down five percent from the same month a year ago. The highest marketing level came in the 700–799-pound class, totaling 455,000 head. Under 600 pounds totaled 360,000 head, while 600-699 pounds totaled 365,000 head. Cattle placements between 800-899 pounds totaled 381,000 head. Placements included about 105,000 head weighing 900-999 pounds, and 70,000 head weighing 1,000 pounds or higher. The agency also said marketings of fed cattle in January plunged 13 percent on an annual basis, and other disappearance fell by eight percent to 55,000 head.

Cattle on feed, placements decline

March corn closed unchanged, and May corn was up 1/2 cents. March soybeans closed down 3 1/4 cents and May soybeans were down 3 1/2 cents. March KC wheat closed down 12 1/4 cents, March Chicago wheat was down 4 cents, March Minneapolis wheat was down 5 cents.

After a sluggish open on Sunday evening and overnight session to begin the new week, row-crop futures caught a bullish spark as the day trade began but eventually saw bullish momentum fade through the session on a lack of rally-sustaining news for Monday. Friday's session was overshadowed by the Supreme Court ruling which struck down President Trump's use of IEEPA in implementing tariffs. Slow GDP growth in the fourth quarter of 2025 (due to the government shutdown) as well as sticky inflation received little acknowledgment until Monday's session, with heavy selling in equities to begin the new week and a flow of funds to commodities was at least partially responsible for a recovery from overnight lows before profit-taking again set in. Crude oil futures were steady to slightly lower ahead of the next round of negotiations between the U.S. and Iran scheduled for Thursday.

The live cattle complex was trading lower as traders cautiously enter the new week, hoping fundamental support will again surface and help guide the contracts higher. But throughout Monday's trade the complex traded lower, as caution remains the underlying theme. The pressure seems to stem from a number of different sources, as traders have noted the downturn in the equity markets, are aware of the uptick in the grain complex, and are also mulling around last Friday's Cattle on Feed report. Nevertheless, it seems as though the market will likely keep its mundane attitude into Tuesday. New showlists appear to be mixed, lower in Kansas and Texas, but higher in Nebraska/Colorado. Boxed beef prices are higher: choice up $1.28 ($367.98) and select up $3.09 ($363.83) with a movement of 51 loads (26.85 loads of choice, 4.38 loads of select, 8.94 loads of trim and 10.48 loads of ground beef).

The feeder cattle complex was also lower as traders aren't willing to advance the feeder cattle market at a time live cattle contracts are lower and grain prices are seeing a modest bump. And at this point it's very unlikely the market will change its direction and turn higher as a doggish attitude is currently overwhelming the market.

The cattle contracts may be trading lower, but the lean hog complex was keeping with its current trend and continued to trade higher as traders are pleased with the morning uptick in pork demand, and once again aren't up against immediate pressure of hitting technical resistance.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/23145018/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed unchanged, and May corn was up 1/2 cents. March soybeans closed down 3 1/4 cents and May soybeans were down 3 1/2 cents. March KC wheat closed down 12 1/4 cents, March Chicago wheat was down 4 cents, March Minneapolis wheat was down 5 cents.After a sluggish open on Sunday evening and overnight session to begin the new week, row-crop futures caught a bullish spark as the day trade began but eventually saw bullish momentum fade through the session on a lack of rally-sustaining news for Monday. Friday's session was overshadowed by the Supreme Court ruling which struck down President Trump's use of IEEPA in implementing tariffs. Slow GDP growth in the fourth quarter of 2025 (due to the government shutdown) as well as sticky inflation received little acknowledgment until Monday's session, with heavy selling in equities to begin the new week and a flow of funds to commodities was at least partially responsible for a recovery from overnight lows before profit-taking again set in. Crude oil futures were steady to slightly lower ahead of the next round of negotiations between the U.S. and Iran scheduled for Thursday.LIVESTOCK:The live cattle complex was trading lower as traders cautiously enter the new week, hoping fundamental support will again surface and help guide the contracts higher. But throughout Monday's trade the complex traded lower, as caution remains the underlying theme. The pressure seems to stem from a number of different sources, as traders have noted the downturn in the equity markets, are aware of the uptick in the grain complex, and are also mulling around last Friday's Cattle on Feed report. Nevertheless, it seems as though the market will likely keep its mundane attitude into Tuesday. New showlists appear to be mixed, lower in Kansas and Texas, but higher in Nebraska/Colorado. Boxed beef prices are higher: choice up $1.28 ($367.98) and select up $3.09 ($363.83) with a movement of 51 loads (26.85 loads of choice, 4.38 loads of select, 8.94 loads of trim and 10.48 loads of ground beef).The feeder cattle complex was also lower as traders aren't willing to advance the feeder cattle market at a time live cattle contracts are lower and grain prices are seeing a modest bump. And at this point it's very unlikely the market will change its direction and turn higher as a doggish attitude is currently overwhelming the market.The cattle contracts may be trading lower, but the lean hog complex was keeping with its current trend and continued to trade higher as traders are pleased with the morning uptick in pork demand, and once again aren't up against immediate pressure of hitting technical resistance.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/23145018/web-closing-markets-1.mp3">Click HERE for audio</a>

House Ag Committee Chair GT Thompson recently released the text of Farm Bill 2.0, or the “Farm, Food, and National Security Act of 2026.” Groups like the National Cattlemen’s Beef Association welcomed the provisions that strengthen the agriculture measures included in the One Big, Beautiful Bill. “We appreciate the Chairman’s leadership and diligent work to provide legislative answers to the ongoing needs of cattle producers,” said Gene Copenhaver, president of the NCBA. 

“The bill provides important provisions to streamline voluntary conservation programs, protect grazing as a land management tool, address the critical shortage of rural veterinarians, and establish an important pilot program to safely explore better options for direct-to-consumer sales of locally-raised beef.” Among the improvements, Farm Bill 2.0 expands access to credit and increases outdated agricultural loan limits, amends veterinary grant programs to relieve ongoing rural veterinary shortages, and clarifies animal disease traceability eligibility. 

House Ag Committee Chair GT Thompson recently released the text of Farm Bill 2.0, or the “Farm, Food, and National Security Act of 2026.” Groups like the National Cattlemen’s Beef Association welcomed the provisions that strengthen the agriculture measures included in the One Big, Beautiful Bill. “We appreciate the Chairman’s leadership and diligent work to provide legislative answers to the ongoing needs of cattle producers,” said Gene Copenhaver, president of the NCBA. “The bill provides important provisions to streamline voluntary conservation programs, protect grazing as a land management tool, address the critical shortage of rural veterinarians, and establish an important pilot program to safely explore better options for direct-to-consumer sales of locally-raised beef.” Among the improvements, Farm Bill 2.0 expands access to credit and increases outdated agricultural loan limits, amends veterinary grant programs to relieve ongoing rural veterinary shortages, and clarifies animal disease traceability eligibility. -NAFB

Farm Bill 2.0 provides additional certainty

The Supreme Court turned the U.S. trade landscape upside down with a decision on Friday striking down the centerpiece of President Donald Trump’s tariff program. Just over one year into the President’s second term, the 6-3 ruling in “Learning Resources, Inc. v Trump” comes after Supreme Court justices showed skepticism in questioning during oral arguments last November. Reports said the ruling appears to halt a massive section of Trump’s tariffs that he announced last year on what he referred to as “Liberation Day". 

Trump said a 1977 law called the International Emergency Economic Powers Act gave the president the ability to declare an economic emergency and take action, but it doesn’t specific tariffs as a specific remedy to the emergency. “IEEPA doesn’t authorize the President to impose tariffs,” read the decision by Chief Justice John Roberts. The Court’s decision doesn’t appear to address the question of eligibility for tariff refunds, which is likely to lead to a complex legal process for companies.

The Supreme Court turned the U.S. trade landscape upside down with a decision on Friday striking down the centerpiece of President Donald Trump’s tariff program. Just over one year into the President’s second term, the 6-3 ruling in “Learning Resources, Inc. v Trump” comes after Supreme Court justices showed skepticism in questioning during oral arguments last November. Reports said the ruling appears to halt a massive section of Trump’s tariffs that he announced last year on what he referred to as “Liberation Day". Trump said a 1977 law called the International Emergency Economic Powers Act gave the president the ability to declare an economic emergency and take action, but it doesn’t specific tariffs as a specific remedy to the emergency. “IEEPA doesn’t authorize the President to impose tariffs,” read the decision by Chief Justice John Roberts. The Court’s decision doesn’t appear to address the question of eligibility for tariff refunds, which is likely to lead to a complex legal process for companies.-NAFB

Supreme Court strikes down Trump tariffs

March corn closed down 1 1/4 cents and May corn was down 1/2 cent. March soybeans closed up 7 1/2 cents and May soybeans were up 7 cents. March KC wheat closed up 14 1/2 cents, March Chicago wheat was up 12 1/2 cents, March Minneapolis wheat was up 8 1/2 cents.

Row-crop futures were mixed Thursday with wheat and soybeans higher while corn futures remained sluggish. USDA's early forecasts for 2026-27 were largely as traders anticipated, featuring a switch from corn acres to soybean acres expected to occur this spring. Otherwise, there was very little news Thursday to break markets out of their weekly trends. Outside markets continue to reflect increased risk surrounding tensions between the U.S. and Iran, with crude oil futures hitting their highest mark since early August. Meanwhile, the U.S. Dollar Index has strung together positive sessions this week to climb from four-year lows hit in late January. The index has been resistant at 98 through February, however.

The live cattle complex traded mixed into Thursday's close, as the market is currently seeing its nearby contracts trading higher while the deferred months scale lower. It would appear as though the nearby contracts are trading higher, although no trade has developed yet in the fed cash cattle market, as traders know that supplies of market-ready cattle are going to be thin through the first quarter and potentially partway through the second quarter, which may be part of the reason why the February through June contracts were higher. Absolutely nothing has developed yet in the fed cash cattle market, and there's a chance that trade could be delayed until after Friday's Cattle on Feed report. Boxed beef prices are higher: choice up $1.30 ($365.10) and select up $0.05 ($360.68) with a movement of 54 loads (36.97 loads of choice, 9.47 loads of select, zero loads of trim and 7.16 loads of ground beef).

The feeder cattle contracts weren't as bullish, as traders yearn to see continued fundamental support before they'll likely push the contracts much higher. And another part of the market's cautiousness could be stemming from the fact that traders are holding a slightly more cautious position ahead of the Cattle on Feed report.

The lean hog complex was trading mostly higher into Thursday's closing bell, as once again, trades aren't feeling pressured by any resistance thresholds following the past week's sharp downturn. Pork cutout values were up slightly, but not enough to make any impactful difference for traders.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/19140859/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 1 1/4 cents and May corn was down 1/2 cent. March soybeans closed up 7 1/2 cents and May soybeans were up 7 cents. March KC wheat closed up 14 1/2 cents, March Chicago wheat was up 12 1/2 cents, March Minneapolis wheat was up 8 1/2 cents.Row-crop futures were mixed Thursday with wheat and soybeans higher while corn futures remained sluggish. USDA's early forecasts for 2026-27 were largely as traders anticipated, featuring a switch from corn acres to soybean acres expected to occur this spring. Otherwise, there was very little news Thursday to break markets out of their weekly trends. Outside markets continue to reflect increased risk surrounding tensions between the U.S. and Iran, with crude oil futures hitting their highest mark since early August. Meanwhile, the U.S. Dollar Index has strung together positive sessions this week to climb from four-year lows hit in late January. The index has been resistant at 98 through February, however.LIVESTOCK:The live cattle complex traded mixed into Thursday's close, as the market is currently seeing its nearby contracts trading higher while the deferred months scale lower. It would appear as though the nearby contracts are trading higher, although no trade has developed yet in the fed cash cattle market, as traders know that supplies of market-ready cattle are going to be thin through the first quarter and potentially partway through the second quarter, which may be part of the reason why the February through June contracts were higher. Absolutely nothing has developed yet in the fed cash cattle market, and there's a chance that trade could be delayed until after Friday's Cattle on Feed report. Boxed beef prices are higher: choice up $1.30 ($365.10) and select up $0.05 ($360.68) with a movement of 54 loads (36.97 loads of choice, 9.47 loads of select, zero loads of trim and 7.16 loads of ground beef).The feeder cattle contracts weren't as bullish, as traders yearn to see continued fundamental support before they'll likely push the contracts much higher. And another part of the market's cautiousness could be stemming from the fact that traders are holding a slightly more cautious position ahead of the Cattle on Feed report.The lean hog complex was trading mostly higher into Thursday's closing bell, as once again, trades aren't feeling pressured by any resistance thresholds following the past week's sharp downturn. Pork cutout values were up slightly, but not enough to make any impactful difference for traders.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/19140859/web-closing-markets-1.mp3">Click HERE for audio</a>

Farmers are always interested in growing more resilient crops that can survive tough conditions. Researchers at the University of Missouri may have literally gotten to the root of the challenge. Researchers have discovered how a specific protein known as SRFR1 plays a critical role in how deeply plant roots grow underground. What’s even more promising is that they unlocked a way to manipulate this protein to encourage longer root growth, which is a trait that can potentially help plants better withstand drought. 

This breakthrough could pave the way for genetically engineered seeds that produce more resilient crops. “Depending on the environment, plants sometimes need a longer or shorter root, and we discovered the protein that helps regulate the outcome,” said Walter Gassman of the Missouri College of Agriculture, Food, and Natural Resources. ‘Now that we have learned what this protein does, we can manipulate it to help the plant thrive in various environments.” 

Farmers are always interested in growing more resilient crops that can survive tough conditions. Researchers at the University of Missouri may have literally gotten to the root of the challenge. Researchers have discovered how a specific protein known as SRFR1 plays a critical role in how deeply plant roots grow underground. What’s even more promising is that they unlocked a way to manipulate this protein to encourage longer root growth, which is a trait that can potentially help plants better withstand drought. This breakthrough could pave the way for genetically engineered seeds that produce more resilient crops. “Depending on the environment, plants sometimes need a longer or shorter root, and we discovered the protein that helps regulate the outcome,” said Walter Gassman of the Missouri College of Agriculture, Food, and Natural Resources. ‘Now that we have learned what this protein does, we can manipulate it to help the plant thrive in various environments.” -NAFB

Mizzou researchers uncover key to growing more resilient crops

Over one million FFA members, alumni, and supporters will celebrate National FFA Week from February 21 to February 28. It’s an annual tradition coordinated by the National FFA Organization to share the real value of FFA and the impact it has on members every day. “National FFA Week is a time when we showcase the collective impact of FFA nationwide,” said National FFA Advisor, Dr. Travis Park. “Throughout FFA, we see our members stepping up as leaders, innovators, and advocates for agriculture.”

 Park also said this happens through the dedication of agriculture teachers, FFA Alumni, and Supporters. The six National FFA Officers will travel across the country to connect with members during the week, leading workshops, delivering keynote talks, and interacting with students on a more personal level. Trey Myers, National FFA President said, “I’m really looking forward to being in North Carolina and seeing FFA show up in so many different ways.” 

Over one million FFA members, alumni, and supporters will celebrate National FFA Week from February 21 to February 28. It’s an annual tradition coordinated by the National FFA Organization to share the real value of FFA and the impact it has on members every day. “National FFA Week is a time when we showcase the collective impact of FFA nationwide,” said National FFA Advisor, Dr. Travis Park. “Throughout FFA, we see our members stepping up as leaders, innovators, and advocates for agriculture.” Park also said this happens through the dedication of agriculture teachers, FFA Alumni, and Supporters. The six National FFA Officers will travel across the country to connect with members during the week, leading workshops, delivering keynote talks, and interacting with students on a more personal level. Trey Myers, National FFA President said, “I’m really looking forward to being in North Carolina and seeing FFA show up in so many different ways.” -NAFB

National FFA Week brings students, communities, and agriculture together

March corn closed up 3/4 cent and May corn was up 1 cent. March soybeans closed down 1/2 cent and May soybeans were up 1/4 cent. March KC wheat closed up 12 1/4 cents, March Chicago wheat was up 9 1/4 cents, March Minneapolis wheat was up 5 3/4 cents.

U.S. crop markets traded almost uniformly higher overnight before turning mixed through the day session Wednesday. Two-sided trade was especially prevalent in the soybean market with futures technically overbought and feeling top heavy ahead of the USDA Ag Outlook Forum (with balance sheets unveiled early Thursday), which is expected to show higher soybean area to be planted in 2026. Wheat futures held to a nice recovery after an ugly session on Tuesday, while corn futures were stagnant and caught between influences from wheat and soybean markets. Outside markets for Wednesday were mixed with the U.S. Dollar Index moving higher for the third straight session and five of the past six. Crude oil futures have surged higher at midweek, back among the highest levels of 2026 thus far amid risk with negotiations between the U.S. and Iran ongoing but thus far reportedly yielding little in the way of a clear nuclear deal.

After rallying to highs not seen since October, the live cattle complex ended the session trading mixed to mostly lower as traders look for reassurance from the market's fundamentals. The cash cattle market remains absolutely silent, with no bids or asking prices having been noted yet. It's most likely that trade will be delayed until Friday again this week, and it is assumed that fed cash cattle prices will be higher again this week. Boxed beef prices are mixed: choice down $1.26 ($363.50) and select up $0.99 ($361.21) with a movement of 58 loads (43.87 loads of choice, 6.35 loads of select, zero loads of trim and 8.12 loads of ground beef).

The feeder cattle complex traded slightly more optimistically into midday Wednesday than the live cattle complex, and its contracts end the session mixed. Helping keep the feeder cattle contracts elevated is the strong demand in the countryside, as buyers know that supplies are going to remain thin and that if they want to fill their orders, they have to buy aggressively.

The lean hog complex was trading fully higher into Wednesday's closing bell as the market is pleased to have found some technical support after its straining downturn over the last week. Fundamental support remains lagging, and traders will eventually desire to see more support in pork demand.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/18142504/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed up 3/4 cent and May corn was up 1 cent. March soybeans closed down 1/2 cent and May soybeans were up 1/4 cent. March KC wheat closed up 12 1/4 cents, March Chicago wheat was up 9 1/4 cents, March Minneapolis wheat was up 5 3/4 cents.U.S. crop markets traded almost uniformly higher overnight before turning mixed through the day session Wednesday. Two-sided trade was especially prevalent in the soybean market with futures technically overbought and feeling top heavy ahead of the USDA Ag Outlook Forum (with balance sheets unveiled early Thursday), which is expected to show higher soybean area to be planted in 2026. Wheat futures held to a nice recovery after an ugly session on Tuesday, while corn futures were stagnant and caught between influences from wheat and soybean markets. Outside markets for Wednesday were mixed with the U.S. Dollar Index moving higher for the third straight session and five of the past six. Crude oil futures have surged higher at midweek, back among the highest levels of 2026 thus far amid risk with negotiations between the U.S. and Iran ongoing but thus far reportedly yielding little in the way of a clear nuclear deal.LIVESTOCK:After rallying to highs not seen since October, the live cattle complex ended the session trading mixed to mostly lower as traders look for reassurance from the market's fundamentals. The cash cattle market remains absolutely silent, with no bids or asking prices having been noted yet. It's most likely that trade will be delayed until Friday again this week, and it is assumed that fed cash cattle prices will be higher again this week. Boxed beef prices are mixed: choice down $1.26 ($363.50) and select up $0.99 ($361.21) with a movement of 58 loads (43.87 loads of choice, 6.35 loads of select, zero loads of trim and 8.12 loads of ground beef).The feeder cattle complex traded slightly more optimistically into midday Wednesday than the live cattle complex, and its contracts end the session mixed. Helping keep the feeder cattle contracts elevated is the strong demand in the countryside, as buyers know that supplies are going to remain thin and that if they want to fill their orders, they have to buy aggressively. The lean hog complex was trading fully higher into Wednesday's closing bell as the market is pleased to have found some technical support after its straining downturn over the last week. Fundamental support remains lagging, and traders will eventually desire to see more support in pork demand.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/18142504/web-closing-markets-1.mp3">Click HERE for audio</a>

The National FFA Organization said it will cooperate with a congressional inquiry examining one of its corporate sponsors, while emphasizing its nonpartisan mission and independence from donor influence. 

At question is FFA’s alleged ties to the Chinese Communist Party through a partnership with Chinese-owned Syngenta Group. FFA declined to provide additional details, citing the ongoing nature of the investigation. The inquiry comes amid heightened scrutiny from some members of Congress over partnerships between U.S.-based nonprofits and companies with foreign ownership ties.

The youth agricultural education group released a statement exclusively to the NAFB News Service that included: "While FFA accepts support from generous donors and sponsors throughout the agricultural and agri-business community, it does not and cannot advocate the views for any donor or sponsor. FFA has received a Congressional inquiry about one of our sponsors, and it intends to cooperate fully."

The National FFA Organization said it will cooperate with a congressional inquiry examining one of its corporate sponsors, while emphasizing its nonpartisan mission and independence from donor influence. At question is FFA’s alleged ties to the Chinese Communist Party through a partnership with Chinese-owned Syngenta Group. FFA declined to provide additional details, citing the ongoing nature of the investigation. The inquiry comes amid heightened scrutiny from some members of Congress over partnerships between U.S.-based nonprofits and companies with foreign ownership ties.The youth agricultural education group released a statement exclusively to the NAFB News Service that included: "While FFA accepts support from generous donors and sponsors throughout the agricultural and agri-business community, it does not and cannot advocate the views for any donor or sponsor. FFA has received a Congressional inquiry about one of our sponsors, and it intends to cooperate fully."-NAFB

FFA says it will cooperate with congressional inquiry

The number of farms in the United States fell by 15,000 in 2025, continuing a long-term decline in the nation’s agricultural landscape, the U.S. Department of Agriculture reported. According to USDA’s annual Land in Farms report, the total number of farms dropped to about 1.865 million last year, down from roughly 1.88 million in 2024. The decline spanned nearly all size and sales categories, with smaller operations — particularly those reporting $1,000 to $9,999 in annual sales — posting the largest losses, USDA data showed. 

Only operations with annual sales above $1 million saw a slight increase of about 50 farms. Total land in farms also edged lower, decreasing about 0.3% to 873.9 million acres, even as average farm size ticked upward, reflecting a consolidation trend. Analysts said economic pressures, including slim profit margins, rising costs and generational turnover, continue to challenge smaller producers and reshape the structure of U.S. agriculture.

The number of farms in the United States fell by 15,000 in 2025, continuing a long-term decline in the nation’s agricultural landscape, the U.S. Department of Agriculture reported. According to USDA’s annual Land in Farms report, the total number of farms dropped to about 1.865 million last year, down from roughly 1.88 million in 2024. The decline spanned nearly all size and sales categories, with smaller operations — particularly those reporting $1,000 to $9,999 in annual sales — posting the largest losses, USDA data showed. Only operations with annual sales above $1 million saw a slight increase of about 50 farms. Total land in farms also edged lower, decreasing about 0.3% to 873.9 million acres, even as average farm size ticked upward, reflecting a consolidation trend. Analysts said economic pressures, including slim profit margins, rising costs and generational turnover, continue to challenge smaller producers and reshape the structure of U.S. agriculture.-NAFB

U.S. farm numbers decline for second straight year

March corn closed down 5 1/2 cents and May corn was down 6 1/4 cents. March soybeans closed up 1 cents and May soybeans were up 1/4 cent. March KC wheat closed down 3 3/4 cents, March Chicago wheat was down 11 cents, March Minneapolis wheat was down 3 1/2 cents.

It was a day of mostly lower price action for row-crop futures with soybeans standing alone on the positive side of the fence. Corn futures were lower and posted a poor close from a technical standpoint despite relatively little in the way of news Tuesday. Most of the bearish pressure for corn came via wheat, with Chicago futures falling sharply just two sessions removed from hitting three-month highs on upward revisions to forecasts for Russia's 2026 crop. Outside markets leaned bearish to ag futures on Tuesday, with a firm U.S. dollar trading counter to continued selling pressure in precious metals. Crude oil (and other energy futures) was lower as well Tuesday, despite early reports of Iran's "partial and temporary" closure of the Strait of Hormuz, a crucial waterway for world oil trade. Risks in this regard were seemingly offset in the eyes of traders by positive feedback following the latest round of nuclear negotiations between the U.S. and Iran in Switzerland on Tuesday.

It's was a solidly successful day for the live cattle complex as the market is seeing immense support from traders, which is helped the contracts scale well over $1.00 higher into Tuesday's closing bell. More than anything, the robust fundamental support from last week's cash cattle market, mixed with the bullish long-term trajectory, seemed to have traders' full attention this morning. New showlists appear to be mixed, higher in Nebraska/Colorado, about steady in Kansas, and lower in Texas. Boxed beef prices are mixed: choice up $0.86 ($366.91) and select up $0.14 ($361.37) with a movement of 62 loads (45.85 loads of choice, 5.50 loads of select, 3.48 loads of trim and 6.86 loads of ground beef).

Upon noting the strength of last week's fed cash cattle trade and seeing how traders are energetically supporting the live cattle contracts, it's been an easy decision for traders to push the feeder cattle contracts higher. So long as the live cattle complex continues to trade higher, the feeder cattle contracts will likely follow in the same direction.

After a tumultuous downturn over the last seven trading days, the lean hog complex finally found some technical support as traders potentially believe that the contracts have created enough space from the contract highs scored in early February. Pork cutout values were a tick lower this morning, but that did not seem to be affecting traders through today's session.

<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/17135609/web-closing-markets-1.mp3">Click HERE for audio</a>

By: NATHAN STUEDLEGRAINS:March corn closed down 5 1/2 cents and May corn was down 6 1/4 cents. March soybeans closed up 1 cents and May soybeans were up 1/4 cent. March KC wheat closed down 3 3/4 cents, March Chicago wheat was down 11 cents, March Minneapolis wheat was down 3 1/2 cents.It was a day of mostly lower price action for row-crop futures with soybeans standing alone on the positive side of the fence. Corn futures were lower and posted a poor close from a technical standpoint despite relatively little in the way of news Tuesday. Most of the bearish pressure for corn came via wheat, with Chicago futures falling sharply just two sessions removed from hitting three-month highs on upward revisions to forecasts for Russia's 2026 crop. Outside markets leaned bearish to ag futures on Tuesday, with a firm U.S. dollar trading counter to continued selling pressure in precious metals. Crude oil (and other energy futures) was lower as well Tuesday, despite early reports of Iran's "partial and temporary" closure of the Strait of Hormuz, a crucial waterway for world oil trade. Risks in this regard were seemingly offset in the eyes of traders by positive feedback following the latest round of nuclear negotiations between the U.S. and Iran in Switzerland on Tuesday.LIVESTOCK:It's was a solidly successful day for the live cattle complex as the market is seeing immense support from traders, which is helped the contracts scale well over $1.00 higher into Tuesday's closing bell. More than anything, the robust fundamental support from last week's cash cattle market, mixed with the bullish long-term trajectory, seemed to have traders' full attention this morning. New showlists appear to be mixed, higher in Nebraska/Colorado, about steady in Kansas, and lower in Texas. Boxed beef prices are mixed: choice up $0.86 ($366.91) and select up $0.14 ($361.37) with a movement of 62 loads (45.85 loads of choice, 5.50 loads of select, 3.48 loads of trim and 6.86 loads of ground beef).Upon noting the strength of last week's fed cash cattle trade and seeing how traders are energetically supporting the live cattle contracts, it's been an easy decision for traders to push the feeder cattle contracts higher. So long as the live cattle complex continues to trade higher, the feeder cattle contracts will likely follow in the same direction.After a tumultuous downturn over the last seven trading days, the lean hog complex finally found some technical support as traders potentially believe that the contracts have created enough space from the contract highs scored in early February. Pork cutout values were a tick lower this morning, but that did not seem to be affecting traders through today's session.<a href="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/356/2026/02/17135609/web-closing-markets-1.mp3">Click HERE for audio</a>

The National FFA Organization is proud to announce a new way for people to support the next generation for this year’s Give FFA Day. It’s called ChapterBoost. The ChapterBoost program showcases local FFA chapters and their goals for hands-on learning, leadership development, and agricultural education, giving donors the opportunity to make an immediate impact by selecting a project to support directly through crowdfunding for an individual chapter. 

The annual Give FFA Day will be held on Thursday, February 26, during National FFA Week. “We’re setting our most ambitious goal yet to raise $1.75 million on Give FFA Day,” said Kimberly Coveney, senior manager of individual giving for the National FFA Foundation. “Every dollar donated helps open doors for our more than one million members by funding programs, leadership development, and experiences that prepare them for careers in agriculture and beyond.” 

The National FFA Organization is proud to announce a new way for people to support the next generation for this year’s Give FFA Day. It’s called ChapterBoost. The ChapterBoost program showcases local FFA chapters and their goals for hands-on learning, leadership development, and agricultural education, giving donors the opportunity to make an immediate impact by selecting a project to support directly through crowdfunding for an individual chapter. The annual Give FFA Day will be held on Thursday, February 26, during National FFA Week. “We’re setting our most ambitious goal yet to raise $1.75 million on Give FFA Day,” said Kimberly Coveney, senior manager of individual giving for the National FFA Foundation. “Every dollar donated helps open doors for our more than one million members by funding programs, leadership development, and experiences that prepare them for careers in agriculture and beyond.” -NAFB

A new way to give back on 'National Give FFA Day'

The USDA announced the enrollment periods for agricultural producers and landowners to submit offers for the Continuous and General Conservation Reserve Program. The Farm Service Agency is accepting offers for Continuous CRP starting this Thursday, February 12, through March 20, 2026. Enrollment for the General CRP will run from March 9, 2026, through April 17, 2026. FSA will announce the dates for the Grassland CRP signup in the near future. 

“We’re still very close to the 27-million-acre statutory cap, with 1.9 million acres available for all CRP enrollments this fiscal year, so enrollment is likely to be competitive,” said Richard Fordyce, USDA Undersecretary for Farm Programs and Conservation. “It’s not about the total number of enrolled acres, it’s about producers and landowners offering the acres that can best deliver real and lasting benefits to soil, water, and wildlife.” Producers and landowners interested in participating in CRP should contact their local FSA county office. 

The USDA announced the enrollment periods for agricultural producers and landowners to submit offers for the Continuous and General Conservation Reserve Program. The Farm Service Agency is accepting offers for Continuous CRP starting this Thursday, February 12, through March 20, 2026. Enrollment for the General CRP will run from March 9, 2026, through April 17, 2026. FSA will announce the dates for the Grassland CRP signup in the near future. “We’re still very close to the 27-million-acre statutory cap, with 1.9 million acres available for all CRP enrollments this fiscal year, so enrollment is likely to be competitive,” said Richard Fordyce, USDA Undersecretary for Farm Programs and Conservation. “It’s not about the total number of enrolled acres, it’s about producers and landowners offering the acres that can best deliver real and lasting benefits to soil, water, and wildlife.” Producers and landowners interested in participating in CRP should contact their local FSA county office. -NAFB

USDA announces enrollment periods for 2026 continuous and general CRP 

The U.S. Department of Agriculture on Thursday launched the Farmer and Rancher Freedom Framework — a policy initiative designed to shield producers from what the department calls politically motivated legal actions and regulatory overreach. Secretary Brooke Rollins described the four-pillar plan as a cornerstone for defending agricultural heritage and providing fairness in rural America. The framework formalizes existing USDA efforts to streamline regulations, reduce compliance burdens and enhance protections for farmers and ranchers facing litigation or enforcement actions. 

Agricultural stakeholders welcomed the announcement, though critics argue it could weaken environmental and consumer safeguards. The policy echoes recent USDA moves to end “agricultural lawfare,” which has been discussed by advocacy groups and within USDA strategy briefings. The initiative also comes amid broader debates over farm profitability, market pressures and federal intervention in agriculture.

The U.S. Department of Agriculture on Thursday launched the Farmer and Rancher Freedom Framework — a policy initiative designed to shield producers from what the department calls politically motivated legal actions and regulatory overreach. Secretary Brooke Rollins described the four-pillar plan as a cornerstone for defending agricultural heritage and providing fairness in rural America. The framework formalizes existing USDA efforts to streamline regulations, reduce compliance burdens and enhance protections for farmers and ranchers facing litigation or enforcement actions. Agricultural stakeholders welcomed the announcement, though critics argue it could weaken environmental and consumer safeguards. The policy echoes recent USDA moves to end “agricultural lawfare,” which has been discussed by advocacy groups and within USDA strategy briefings. The initiative also comes amid broader debates over farm profitability, market pressures and federal intervention in agriculture.-NAFB