Weather Forecasts Weigh on Grain Futures

Grain futures ended the week mostly lower due to improving weather forecasts. This has eased concerns about crop stress during key reproductive stages for corn and soybean crops.

The Midwest region is expected to receive cooler temperatures and timely rainfall, which will help alleviate any potential issues with these crops.

Wheat futures also finished lower as global supplies outweighed uncertainty surrounding Black Sea exports.

Livestock futures closed mixed, with live cattle futures supported by expectations for steady to higher cash cattle trade and tight supplies.

The cattle market remains buoyed by historically tight beef supplies, while the hog market is challenged by demand uncertainty.