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Successful Farming Daily, January 1, 2025
Description
Listen to the SF Daily podcast for today, January 1, 2025, with host Lorrie Boyer. These quick and informative episodes cover the commodity markets, weather, and the big things happening in agriculture each morning.
Grain futures declined yesterday as traders took profits ahead of the holiday weekend, while metals saw their strongest year since 1979. Dry conditions in Argentina, with no rain for two weeks, are a growing concern. Tensions escalated between China and Taiwan, and Russia and Ukraine continued to strike each other's export terminals. Live cattle futures strengthened, with spec traders holding a net long position of 94,868 contracts. USDA wholesale box beef prices dropped. The U.S. is expected to start January colder than normal, especially in the northern regions, influenced by La Niña.
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