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The CME Group will launch two new futures contracts to help manage risk across the cattle supply chain.   John Ricci, Managing Director and Global Head of Agricultural Products with the CME Group, says the new contracts will bridge the gap between live cattle prices and the ground beef that’s sold. “Think of the beef trim contracts effectively as a burger contract, right,” he says.  “What we The post New CME Group beef trim futures contracts provide risk management tools for the cattle supply chain appeared first on Brownfield Ag News.     

Soybeans were higher on fund and technical buying, ending the week in positive territory. The USDA did raise U.S. production following the June acreage update, but old crop stocks were down and new crop was steady, despite that bigger crop guess. The USDA did increase export expectations for both the 2025/26 and 2026/27 marketing years, The post Wheat sees big gains on smaller U.S. crop estimate appeared first on Brownfield Ag News.     

The market manager for the Missouri Department of Agriculture says there was a lot of hay made before this latest round of precipitation.   Tony Hancock says producers took advantage of the dry weather right before Independence Day. “I would doubt there was a piece of operational hay equipment in the state anywhere that wasn’t being used because everywhere you drove, and everybody The post Strong hay yields reported across Missouri despite delayed harvest season appeared first on Brownfield Ag News.     

At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by the week’s direct business.  August live cattle closed $.05 lower at $235.20 and October live cattle closed $1.05 lower at $230.55.  August feeder cattle closed $1.55 lower at $354.60 and September feeder cattle closed $1.97 lower at $351.02.  There was a light The post Cattle futures lower to finish the week appeared first on Brownfield Ag News.