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U.S. Tariffs Sink Grain Futures Amid Mixed Livestock Prices

2/28/2025

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Summary

Story summary

Grain futures took a hit as new U.S. tariffs on Canada and Mexico sent corn plummeting to $4.81 per bushel and wheat to $5.62½. The USDA's prediction of expanded corn acreage and production stirs worries over export potential. Meanwhile, livestock markets displayed a mixed bag, with cattle prices climbing even as hog prices fell.

History

Historical Context

The recent decline in grain futures mirrors past agricultural volatility, notably post-Hurricane Ike in 2008. That storm caused widespread crop damage, impacting prices and production. Today's tariffs and USDA forecasts evoke similar concerns over export potential, highlighting agriculture's vulnerability to external shocks and climate events.

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Story summary

Grain futures took a hit as new U.S. tariffs on Canada and Mexico sent corn plummeting to $4.81 per bushel and wheat to $5.62½. The USDA's prediction of expanded corn acreage and production stirs worries over export potential. Meanwhile, livestock markets displayed a mixed bag, with cattle prices climbing even as hog prices fell.

1 / 2