Friday, August 23, 2019 1:54PM CDT
Again caught in the trade battle between the U.S. and China are soybeans, which will face a 5% higher tariff starting Sept. 1. That will put soybean tariffs at 30%. Pork and beef will face 10% higher tariffs as well on Sept. 1.
December corn is down 2 1/4 cents per bushel, November soybeans are up 1 1/2 cents, and December K.C. wheat is up 1/4 cents.
The firm undertone in live cattle trade is developing through the week, and could help to solidify additional gains Friday. Lean hog futures continue to remain weak, fueled by renewed concerns of additional fundamental pressure.