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Grain and Livestock Futures Mostly Lower for 2023.  So, What’s Ahead in 2024?
Grain and Livestock Futures Mostly Lower for 2023. So, What’s Ahead in 2024?

2023 was a lower year for all the grains as the market went through a commodity reset similar to 2013. What's ahead for 2024?

December WASDE Neutral as USDA Makes Only Slight Adjustments
December WASDE Neutral as USDA Makes Only Slight Adjustments

Generally, the December WASDE sees very few changes as USDA leaves major revisions until the final report in January.  However, USDA did lower ending stocks in corn and wheat, as well as cut Brazil soybean production. 

Cattle & Hogs Mostly Higher on Follow Through Buying, Lower Corn:  Grains Lower on Slow Exports, Sell off in Bean Oil
Cattle & Hogs Mostly Higher on Follow Through Buying, Lower Corn: Grains Lower on Slow Exports, Sell off in Bean Oil

Cattle mostly higher with steady cash, hogs mixed with disappointing exports. Grains start lower with slow exports and sharply lower BO.  Scott Varilek of Kooima Kooima Varilek has analysis.