Friday, April 16, 2021 5:23PM CDT
Agriculture Secretary Tom Vilsack noted Wednesday at a House Agriculture Appropriations Subcommittee hearing that USDA would not continue the Families to Farmers Food Box Program started by the Trump administration but expected to distribute dairy products from the dairy donation program.
May corn is up 3 1/2 cents, May soybeans are up 10 cents and July KC wheat is down 3 cents.
Livestock futures closed lower Thursday with hogs taking the brunt of the pressure. Cattle continue to be under pressure due to rising feed prices. Hogs had a round of "Katie-bar-the-door" selling Thursday as traders could not liquidate fast enough, leaving futures locked limit down. Follow-through is likely as the remaining pool of trades are liquidated on the open.