DTN Ag Host Midday Grains

The livestock complex is trading lower into Thursday’s noon hour as the market is short of fundamental support. More than anything the market would like to see some developments in the fed cash cattle market as noting higher prices would reassure traders that the cattle futures can indeed trade higher. March corn is up 2 1/4 cents per bushel and March soybean meal is up $4.50. The Dow Jones Industrial Average is down 553.58 points and NASDAQ is down 331.77 points.

Thursday’s export report shared that beef net sales of 15,700 mt for 2026 were down 21% from the previous week and 1% from the prior 4-week average. The three largest buyers were South Korea (7,800 mt), Japan (1,900 mt) and Mexico (1,800 mt). Pork net sales of 28,600 mt for 2026 were down 18% from the previous week and 24% from the prior 4-week average. The three largest buyers were Mexico (12,000 mt), Japan (7,100 mt) and Colombia (1,700 mt).